Document:

Exhibit 10.1

Exhibit 10.1

INDEMNIFICATION AGREEMENT

This Indemnification Agreement (“Agreement”) is made as of _________ by and
between Graymark Healthcare, Inc., an Oklahoma corporation (the “Company”), and __________ (“Indemnitee”).

RECITALS

WHEREAS, the Company desires to attract and retain the services of highly qualified
individuals, such as Indemnitee, to serve the Company in his or her current capacity as a director
and/or executive officer;

WHEREAS, in order to induce Indemnitee to continue to provide services to the Company, the
Company wishes to provide for the indemnification of, and advancement of expenses to, Indemnitee to
the maximum extent permitted by law;

WHEREAS, the Bylaws of the Company (the “Bylaws”) and the Company’s certificate of
incorporation (the “Charter”) require indemnification of the officers and directors of the
Company, and Indemnitee may also be entitled to indemnification pursuant to the Oklahoma General
Corporation Act (the “OGCA”);

WHEREAS, the Bylaws, the Charter and the OGCA expressly provide that the indemnification
provisions set forth therein are not exclusive, and thereby contemplate that contracts may be
entered into between the Company and its Representatives with respect to indemnification;

WHEREAS, the Company and Indemnitee recognize the continued difficulty in obtaining liability
insurance for the Company’s Representatives, the significant and continual increases in the cost of
such insurance and the general trend of insurance companies to reduce the scope of coverage of such
insurance;

WHEREAS, the Company and Indemnitee further recognize the substantial increase in corporate
litigation in general, subjecting Representatives to expensive litigation risks at the same time as
the availability and scope of coverage of liability insurance provide increasing challenges for the
Company;

WHEREAS, Indemnitee does not regard the protection currently provided by applicable law, the
Company’s governing documents and available insurance as adequate under the present circumstances,
and Indemnitee may not be willing to continue to serve in such capacity without additional
protection;

WHEREAS, the Board of Directors of the Company (the “Board”) has determined that the
increased difficulty in attracting and retaining highly qualified persons such as Indemnitee is
detrimental to the best interests of the Company’s shareholders and that the Company should act to
assure Indemnitee that there will be increased certainty of such protection in the future;

 

 

 

WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate
itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent
permitted by applicable law, regardless of any amendment or revocation of the Company’s Certificate
of Incorporation (the “Charter”) or Bylaws, so that they will serve or continue to serve the
Company free from undue concern that they will not be so indemnified; and

WHEREAS, this Agreement is a supplement to and in furtherance of the indemnification provided
in the Bylaws and any resolutions adopted pursuant thereto, and shall not be deemed a substitute
therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.

NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the
Company and Indemnitee do hereby covenant and agree as follows:

Section 1. Services to the Company. Indemnitee agrees to serve as a director and/or
officer of the Company. Indemnitee may at any time and for any reason resign from such position
(subject to any other contractual obligation or any obligation imposed by law), in which event the
Company shall have no obligation under this Agreement to continue Indemnitee in such position. This
Agreement shall not be deemed an employment contract between the Company (or any of its
subsidiaries or any Enterprise) and Indemnitee. The foregoing notwithstanding, this Agreement shall
continue in force after Indemnitee has ceased to serve as a director and/or officer of the Company.

Section 2. Definitions.

As used in this Agreement:

(a) “Change in Control” shall be deemed to have occurred if (i) any “person” (as such
term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other
than a trustee or other fiduciary holding securities under an employee benefit plan of the Company
or a corporation owned directly or indirectly by the stockholders of the Company in substantially
the same proportions as their ownership of stock of the Company, is or becomes the “beneficial
owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the
Company representing twenty-five percent (25%) or more (other than Oliver Company Holdings LLC in
which case such threshold shall be 33% or such other percentage as may be determined by resolution
of the Board of Directors and without the consent of the Indemnitee) of the total voting power
represented by the Company’s then outstanding Voting Securities, or (ii) during any period of two
consecutive years, individuals who at the beginning of such period constitute the Board of
Directors of the Company and any new director whose election by the Board of Directors or
nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds
(2/3) of the directors then still in office who either were directors at the beginning of the
period or whose election or nomination for election was previously so approved, cease for any
reason to constitute a majority thereof, or (iii) the stockholders of the Company approve a merger
or consolidation of the Company with any other corporation, other than a merger or consolidation
which would result in the Voting Securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into Voting
Securities of the surviving entity) at least fifty
percent (50%) of the total voting power represented by the Voting Securities of the Company or
such surviving entity outstanding immediately after such merger or consolidation, or the
stockholders of the Company approve a plan of complete liquidation of the Company or an agreement
for the sale or disposition by the Company of (in one transaction or a series of transactions) all
or substantially all the Company’s assets.

 

 

 

(c) “Corporate Status” describes the status of a person as a current or former
Representative of the Company or of any other Enterprise which such person is or was serving at the
request of the Company.

(d) “Enforcement Expenses” shall include all reasonable attorneys’ fees, retainers,
court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs,
printing and binding costs, telephone charges, postage, delivery service fees, and all other
disbursements or expenses of the types customarily incurred in connection with an action to enforce
indemnification or advancement rights, or an appeal from such action, including without limitation
the premium, security for, and other costs relating to any cost bond, supersedes bond, or other
appeal bond or its equivalent.

(e) “Enterprise” shall mean any domestic or foreign, for-profit or not-for-profit,
corporation (other than the Company), partnership, joint venture, trust, employee benefit plan or
other legal entity of which Indemnitee is or was serving as a Representative at the request of the
Company as a director, officer, employee, agent or trustee.

(f) “Expenses” shall include all reasonable attorneys’ fees, retainers, court costs,
transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and
binding costs, telephone charges, postage, delivery service fees, and all other disbursements or
expenses of the types customarily incurred in connection with prosecuting, defending, preparing to
prosecute or defend, investigating, being or preparing to be a witness in, or otherwise
participating in, a Proceeding or an appeal resulting from a Proceeding, including without
limitation the premium, security for, and other costs relating to any cost bond, supersedes bond,
or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in
settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

(g) “Independent Counsel” shall mean a law firm, or a partner (or, if applicable,
member) of such a law firm, that is experienced in matters of Oklahoma corporation law and neither
presently is, nor in the past five years has been, retained to represent: (i) the Company, any
Enterprise or Indemnitee in any matter material to any such party (other than with respect to
matters concerning Indemnitee under this Agreement, or of other indemnitees under similar
indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for
indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not
include any person who, under the applicable standards of professional conduct then prevailing,
would have a conflict of interest in representing either the Company or Indemnitee in an action to
determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees
and expenses of the Independent Counsel referred to above and
to fully indemnify such counsel against any and all expenses, claims, liabilities and damages
arising out of or relating to this Agreement or its engagement pursuant hereto.

 

 

 

(h) “Proceeding” shall include any threatened, pending or completed action, suit,
arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing
or any other actual, threatened or completed proceeding, whether brought in the right of the
Company or otherwise and whether of a civil, criminal, administrative or investigative nature, in
which Indemnitee was, is or will be involved as a party or otherwise by reason of the fact that
Indemnitee is or was a director of the Company or is or was serving at the request of the Company
as Representative of any Enterprise or by reason of any action taken by him or her or of any action
taken on his or her part while acting as Representative of the Company or while serving at the
request of the Company as a Representative of any Enterprise, in each case whether or not serving
in such capacity at the time any liability or expense is incurred for which indemnification,
reimbursement or advancement of expenses can be provided under this Agreement; provided,
however, that the term “Proceeding” shall not include any action, suit or arbitration, or
part thereof, initiated by Indemnitee to enforce Indemnitee’s rights under this Agreement as
provided for in Section 13(e) of this Agreement.

(i) “Representative” shall mean a person occupying the position or discharging the
functions of a director, officer, employee, fiduciary, trustee or agent thereof, regardless of the
name or title by which the person may be designated.

(j) “Voting Securities” shall mean any securities of the Company which vote generally
in the election of directors.

Section 3. Indemnity in Third-Party Proceedings. The Company shall indemnify
Indemnitee in accordance with the provisions of this Section 3 if Indemnitee is, or is threatened
to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the
right of the Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee
shall be indemnified against all Expenses, judgments, fines and amounts paid in settlement actually
and reasonably incurred by Indemnitee or on his or her behalf in connection with such Proceeding or
any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she
reasonably believed to be in or not opposed to the best interests of the Company and, in the case
of a criminal proceeding, had no reasonable cause to believe that his or her conduct was unlawful;
provided, however, that the Company has no obligation to indemnify the Indemnitee for amounts paid
in settlement without the prior written consent of the Company.

Section 4. Indemnity in Proceedings by or in the Right of the Company. The Company
shall indemnify Indemnitee in accordance with the provisions of this Section 4 if Indemnitee is, or
is threatened to be made, a party to or a participant in any Proceeding by or in the right of the
Company to procure a judgment in its favor. Pursuant to this Section 4, Indemnitee shall be
indemnified against all Expenses actually and reasonably incurred by him or her or on his or her
behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee
acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the
best interests of the Company. No indemnification for Expenses shall be made under this Section 4
in respect of any claim, issue or matter as to which Indemnitee shall
have been finally adjudged by a court to be liable to the Company, unless and only to the
extent that the district court of the judicial district embracing the count in which the registered
office of the Company is located or any court in which the Proceeding was brought shall determine
upon application that, despite the adjudication of liability but in view of all the circumstances
of the case, Indemnitee is fairly and reasonably entitled to indemnification for such expenses as
the district court or other court deems proper.

 

 

 

Section 5. Indemnification for Expenses of a Party Who is Wholly or Partly Successful.
Notwithstanding any other provisions of this Agreement and except as provided in Section 8, to the
extent that Indemnitee is a party to or a participant in and is successful, on the merits or
otherwise, in any Proceeding or in defense of any claim, issue or matter therein, the Company shall
indemnify Indemnitee against all Expenses actually and reasonably incurred by him or her in
connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful,
on the merits or otherwise, as to one or more but less than all claims, issues or matters in such
Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably
incurred by him or her or on his or her behalf in connection with each successfully resolved claim,
issue or matter. For purposes of this Section and without limitation, the termination of any
claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be
deemed to be a successful result as to such claim, issue or matter.

Section 6. Indemnification For Expenses of a Witness. Notwithstanding any other
provision of this Agreement, to the extent that Indemnitee is, by reason of his or her Corporate
Status, a witness in any Proceeding to which Indemnitee is not a party and is not threatened to be
made a party, he or she shall be indemnified against all Expenses actually and reasonably incurred
by him or her on his or her behalf in connection therewith.

Section 7. Additional Indemnification.

(a) Except as provided in Section 8, notwithstanding any limitation in Sections 3, 4 or 5, the
Company shall indemnify Indemnitee to the fullest extent permitted by law if Indemnitee is a party
to or is threatened to be made a party to any Proceeding (including a Proceeding by or in the right
of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and
amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with the
Proceeding.

(b) For purposes of Section 7(a), the meaning of the phrase “to the fullest extent permitted
by law” shall include, but not be limited to:

(i) to the fullest extent permitted by the provision of the OGCA that authorizes or
contemplates additional indemnification by agreement, or the corresponding provision of any
amendment to or replacement of the OGCA or such provision thereof; and

(ii) to the fullest extent authorized or permitted by any amendments to or replacements of the
OGCA adopted after the date of this Agreement that increase the extent to which a corporation may
indemnify its Representatives.

 

 

 

Section 8. Exclusions. Notwithstanding any provision in this Agreement to the
contrary, the Company shall not be obligated under this Agreement:

(a) to make any indemnity for amounts otherwise indemnifiable hereunder (or for which
advancement is provided hereunder) if and to the extent that Indemnitee has otherwise actually
received such amounts under any insurance policy, contract, agreement or otherwise;

(b) to make any indemnity for an accounting of profits made from the purchase and sale (or
sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b)
of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or
common law;

(c) to make any indemnity or advancement that is prohibited by applicable law;

(d) to make any indemnity or advancement in connection with any Proceeding (or any part of the
Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding)
initiated by Indemnitee against the Company, its Representatives or other indemnitees, unless (i)
the Board authorized the Proceeding (or any part of the Proceeding) prior to its initiation, (ii)
the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in
the Company under applicable law or (iii) such Proceeding (or any part of any Proceeding) is
initiated after a Change of Control has occurred after the date of the Agreement.

Section 9. Advances of Expenses. The Company shall advance, to the extent not
prohibited by law, the Expenses incurred by Indemnitee in connection with any Proceeding, and such
advancement shall be made within twenty (20) days after the receipt by the Company of a statement
or statements requesting such advances (which shall include invoices received by Indemnitee in
connection with such Expenses but, in the case of invoices in connection with legal services, any
references to legal work performed or to expenditures made that would cause Indemnitee to waive any
privilege accorded by applicable law shall not be included with the invoice) from time to time,
whether prior to or after final disposition of any Proceeding. Advances shall be unsecured and
interest free. Advances shall be made without regard to Indemnitee’s ability to repay the expenses
and without regard to Indemnitee’s ultimate entitlement to indemnification under the other
provisions of this Agreement. Indemnitee shall qualify for advances upon the execution and
delivery to the Company of this Agreement which shall constitute an undertaking providing that
Indemnitee undertakes to the fullest extent required by law to repay the advance if and to the
extent that it is ultimately determined by a court of competent jurisdiction in a final judgment,
not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. The right
to advances under this paragraph shall in all events continue until final disposition of any
Proceeding, including any appeal therein. Nothing in this Section 9 shall limit Indemnitee’s right
to advancement pursuant to Section 13(e) of this Agreement.

Section 10. Procedure for Notification and Defense of Claim.

(a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a
written request therefor and, if Indemnitee so chooses pursuant to Section 11 of this Agreement,
such written request shall also include a request for Indemnitee to have the right to
indemnification determined by Independent Counsel.

(b) The Company will be entitled to participate in the Proceeding at its own expense.

 

 

 

Section 11. Procedure Upon Application for Indemnification.

(a) Upon written request by Indemnitee for indemnification pursuant to Section 10(a), a
determination, if such determination is required by applicable law, with respect to Indemnitee’s
entitlement thereto shall be made in the specific case: (i) by Independent Counsel in a written
opinion to the Board if Indemnitee so requests in such written request for indemnification pursuant
to Section 10(a), or (ii) by the Company in accordance with applicable law if Indemnitee does not
so request such determination be made by Independent Counsel. In the case that such determination
is made by Independent Counsel, a copy of Independent Counsel’s written opinion shall be delivered
to Indemnitee and, if it is so determined that Indemnitee is entitled to indemnification, payment
to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall
cooperate with the Independent Counsel or the Company, as applicable, making such determination
with respect to Indemnitee’s entitlement to indemnification, including providing to such counsel or
the Company, upon reasonable advance request, any documentation or information which is not
privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee
and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees
and disbursements) incurred by Indemnitee in so cooperating with the Independent Counsel or the
Company shall be borne by the Company (irrespective of the determination as to Indemnitee’s
entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee
harmless therefrom.

(b) In the event that Indemnitee exercises his or her right to have his or her entitlement to
indemnification determined by Independent Counsel pursuant to clause (i) of Section 11(a), the
Independent Counsel shall be selected by Indemnitee. The Company may, within ten (10) days after
written notice of such selection, deliver to Indemnitee a written objection to such selection;
provided, however, that such objection may be asserted only on the ground that the
Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined
in Section 2 of this Agreement, and the objection shall set forth with particularity the factual
basis of such assertion. Absent a proper and timely objection, the person so selected shall act as
Independent Counsel. If such written objection is so made and substantiated, the Independent
Counsel so selected may not serve as Independent Counsel unless and until such objection is
withdrawn or a court has determined that such objection is without merit. If, within twenty (20)
days after the later of (i) submission by Indemnitee of a written request for indemnification and
Independent Counsel pursuant to Sections 10(a) and 11(a)(i) hereof, respectively, and (ii) the
final disposition of the Proceeding, including any appeal therein, no Independent Counsel shall
have been selected without objection, Indemnitee may petition a court of competent jurisdiction for
resolution of any objection which shall have been made by the Company to the selection of
Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the
court or by such other person as the court shall designate. The person with respect to whom all
objections are so resolved or the person so appointed shall act as Independent Counsel under
Section 11(a) hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant
to Section 13(a) of this Agreement, Independent
Counsel shall be discharged and relieved of any further responsibility in such capacity
(subject to the applicable standards of professional conduct then prevailing).

 

 

 

Section 12. Presumptions and Effect of Certain Proceedings.

(a) In making a determination with respect to entitlement to indemnification hereunder, it
shall be presumed that Indemnitee is entitled to indemnification under this Agreement if Indemnitee
has submitted a request for indemnification in accordance with Section 10(a) of this Agreement, and
the Company shall have the burden of proof to overcome that presumption in connection with the
making of any determination contrary to that presumption. Neither (i) the failure of the Company or
of Independent Counsel to have made a determination prior to the commencement of any action
pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee
has met the applicable standard of conduct, nor (ii) an actual determination by the Company or by
Independent Counsel that Indemnitee has not met such applicable standard of conduct, shall be a
defense to the action or create a presumption that Indemnitee has not met the applicable standard
of conduct.

(b) The termination of any Proceeding or of any claim, issue or matter therein, by judgment,
order, settlement or conviction, or upon a plea of guilty, nolo contendere or its
equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself
adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee
did not act in good faith and in a manner which he or she reasonably believed to be in or not
opposed to the best interests of the Company or, with respect to any criminal Proceeding, that
Indemnitee had reasonable cause to believe that his or her conduct was unlawful.

(c) The knowledge and/or actions, or failure to act, of any Representative of the Company or
any Enterprise shall not be imputed to Indemnitee for purposes of determining the right to
indemnification under this Agreement.

Section 13. Remedies of Indemnitee.

(a) Subject to Section 13(f), in the event that (i) a determination is made pursuant to
Section 11 of this Agreement that Indemnitee is not entitled to indemnification under this
Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 9 of this Agreement,
(iii) no determination of entitlement to indemnification shall have been made pursuant to Section
11(a) of this Agreement within sixty (60) days after receipt by the Company of the request for
indemnification that does not include a request for Independent Counsel, (iv) payment of
indemnification is not made pursuant to Section 5 or 6 or the last sentence of Section 11(a) of
this Agreement within ten (10) days after receipt by the Company of a written request therefor or
(v) payment of indemnification pursuant to Section 3, 4 or 7 of this Agreement is not made within
ten (10) days after a determination has been made that Indemnitee is entitled to indemnification,
Indemnitee shall be entitled to an adjudication by a court of his or her entitlement to such
indemnification or advancement. Alternatively, Indemnitee, at his or her option, may seek an award
in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules
of the American Arbitration Association. Indemnitee shall commence such proceeding seeking an
adjudication or an award in arbitration within one hundred eighty (180) days following the date on
which Indemnitee first has the right to
commence such proceeding pursuant to this Section 13(a); provided, however,
that the foregoing time limitation shall not apply in respect of a proceeding brought by Indemnitee
to enforce his or her rights under Section 5 of this Agreement. The Company shall not oppose
Indemnitee’s right to seek any such adjudication or award in arbitration.

 

 

 

(b) In the event that a determination shall have been made pursuant to Section 11(a) of this
Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or
arbitration commenced pursuant to this Section 13 shall be conducted in all respects as a de novo
trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that
adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section
13, the Company shall have the burden of proving Indemnitee is not entitled to indemnification or
advancement, as the case may be.

(c) If a determination shall have been made pursuant to Section 11(a) of this Agreement that
Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any
judicial proceeding or arbitration commenced pursuant to this Section 13, absent (i) a misstatement
by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification, or (ii) a
prohibition of such indemnification under applicable law.

(d) The Company shall be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Section 13 that the procedures and presumptions of this Agreement are
not valid, binding and enforceable and shall stipulate in any such court or before any such
arbitrator that the Company is bound by all the provisions of this Agreement.

(e) The Company shall indemnify Indemnitee against any and all Enforcement Expenses and, if
requested by Indemnitee, shall (within ten (10) days after receipt by the Company of a written
request therefor) advance, to the extent not prohibited by law, such Enforcement Expenses to
Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee
for indemnification or advancement from the Company under this Agreement or under any liability
insurance policies maintained by the Company for coverage of its Representatives, regardless of
whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement or
insurance recovery, as the case may be, in the suit for which indemnification or advancement is
being sought.

(f) Notwithstanding anything in this Agreement to the contrary, no determination as to
entitlement to indemnification under this Agreement shall be required to be made prior to the final
disposition of the Proceeding, including any appeal therein.

 

 

 

Section 14. Non-exclusivity; Survival of Rights; Insurance; Subrogation.

(a) The rights of indemnification and to receive advancement as provided by this Agreement
shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled
under applicable law, the Charter, the Bylaws, any agreement, a vote of shareholders or a
resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of
any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in
respect of any action taken or omitted by such Indemnitee in his or her
Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in
Oklahoma law, whether by statute or judicial decision, permits greater indemnification or
advancement than would be afforded currently under the Charter, Bylaws and this Agreement, it is
the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits
so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any
other right or remedy, and every other right and remedy shall be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not
prevent the concurrent assertion or employment of any other right or remedy.

(b) To the extent that the Company maintains an insurance policy or policies providing
liability insurance for Representatives of the Company or of any other Enterprise, Indemnitee shall
be covered by such policy or policies in accordance with its or their terms to the maximum extent
of the coverage available for any such Representative under such policy or policies. If, at the
time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has liability
insurance in effect covering its Representatives, the Company shall give prompt notice of the
commencement of such proceeding to the insurers in accordance with the procedures set forth in the
respective policies. The Company shall thereafter take all necessary or desirable action to cause
such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding
in accordance with the terms of such policies.

(c) In the event of any payment under this Agreement, the Company shall be subrogated to the
extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers
required and take all action necessary to secure such rights, including execution of such documents
as are necessary to enable the Company to bring suit to enforce such rights.

(d) The Company’s obligation to provide indemnification or advancement hereunder to Indemnitee
who is or was serving at the request of the Company as a Representative of any other Enterprise
shall be reduced by any amount Indemnitee has actually received as indemnification or advancement
from such other Enterprise.

Section 15. Duration of Agreement. This Agreement shall continue until and terminate
upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve as
a Representative of the Company or (b) one (1) year after the final termination of any Proceeding,
including any appeal, then pending in respect of which Indemnitee is granted rights of
indemnification or advancement hereunder and of any proceeding commenced by Indemnitee pursuant to
Section 13 of this Agreement relating thereto. This Agreement shall be binding upon the Company and
its successors and assigns and shall inure to the benefit of Indemnitee and his or her heirs,
executors and administrators. The Company shall require and cause any successor (whether direct or
indirect by purchase, merger, consolidation, division or otherwise) to all, substantially all or a
substantial part, of the business and/or assets of the Company, by written agreement in form and
substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in
the same manner and to the same extent that the Company would be required to perform if no such
succession had taken place.

 

 

 

Section 16. Severability. If any provision or provisions of this Agreement shall be
held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality
and enforceability of the remaining provisions of this Agreement (including without limitation,
each portion of any section of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any
way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by
law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform
to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to
the fullest extent possible, the provisions of this Agreement (including, without limitation, each
portion of any section of this Agreement containing any such provision held to be invalid, illegal
or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to
give effect to the intent manifested thereby.

Section 17. Enforcement.

(a) The Company expressly confirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director
and/or officer of the Company, and the Company acknowledges that Indemnitee is relying upon this
Agreement in serving as a director and/or officer of the Company.

(b) This Agreement constitutes the entire agreement between the parties hereto with respect to
the subject matter hereof and supersedes all prior agreements and understandings, oral, written and
implied, between the parties hereto with respect to the subject matter hereof; provided,
however, that this Agreement is a supplement to and in furtherance of the Charter, the
Bylaws and applicable law, and shall not be deemed a substitute therefor, nor to diminish or
abrogate any rights of Indemnitee thereunder.

Section 18. Modification and Waiver. No supplement, modification or amendment, or
waiver of any provision, of this Agreement shall be binding unless executed in writing by the
parties thereto. No waiver of any of the provisions of this Agreement shall be deemed or shall
constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a
continuing waiver.

Section 19. Notice by Indemnitee. Indemnitee agrees promptly to notify the Company in
writing upon being served with any summons, citation, subpoena, complaint, indictment, information
or other document relating to any Proceeding or matter which may be subject to indemnification or
advancement as provided hereunder. The failure of Indemnitee to so notify the Company shall not
relieve the Company of any obligation which it may have to Indemnitee under this Agreement or
otherwise.

 

 

 

Section 20. Notices. All notices, requests, demands and other communications under
this Agreement shall be in writing and shall be deemed to have been duly given if (a) delivered by
hand and receipted for by the party to whom said notice or other communication shall have been
directed, (b) mailed by certified or registered mail with postage prepaid, on the third business
day after the date on which it is so mailed, (c) mailed by reputable overnight courier and
receipted for by the party to whom said notice or other communication shall have been directed
or (d) sent by facsimile transmission, with receipt of oral confirmation that such
transmission has been received:

(a) If to Indemnitee, at such address as Indemnitee shall provide to the Company.

(b) If to the Company to:

Graymark Healthcare, Inc.

210 Park Avenue, Suite 1350

Oklahoma City, Oklahoma 73102

Facsimile No.:

or to any other address as may have been furnished to Indemnitee by the Company.

Section 21. Contribution. To the fullest extent permissible under applicable law, if
the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason
whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount
incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to
be paid in settlement and/or for Expenses, in connection with any Proceeding in such proportion as
is deemed fair and reasonable in light of all of the circumstances in order to reflect (i) the
relative benefits received by the Company and Indemnitee in connection with the event(s) and/or
transaction(s) giving rise to such Proceeding; and/or (ii) the relative fault of the Company (and
its Representatives) and Indemnitee in connection with such event(s) and/or transactions.

Section 22. Applicable Law and Consent to Jurisdiction. This Agreement and the legal
relations among the parties shall be governed by, and construed and enforced in accordance with,
the laws of the State of Oklahoma, without regard to its conflict of laws rules. Except with
respect to any arbitration commenced by Indemnitee pursuant to Section 13(a) of this Agreement, the
Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or
proceeding arising out of or in connection with this Agreement shall be brought only in a court of
competent jurisdiction in the State of Oklahoma (an “Oklahoma Court”), and not in any other state
or federal court in the United States of America or any court in any other country, (ii) consent to
submit to the exclusive jurisdiction of the Oklahoma Court for purposes of any action or proceeding
arising out of or in connection with this Agreement, (iii) consent to service of process at the
address set forth in Section 20 of this Agreement with the same legal force and validity as if
served upon such party personally within the State of Oklahoma, (iv) waive any objection to the
laying of venue of any such action or proceeding in the Oklahoma Court, and (v) waive, and agree
not to plead or to make, any claim that any such action or proceeding brought in the Oklahoma Court
has been brought in an improper or inconvenient forum.

 

 

 

Section 23. Identical Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall for all purposes be deemed to be an original but all of which
together shall constitute one and the same Agreement. Only one such counterpart signed by the party
against whom enforceability is sought needs to be produced to evidence the existence of this
Agreement.

Section 24. Miscellaneous. The headings of the paragraphs of this Agreement are
inserted for convenience only and shall not be deemed to constitute part of this Agreement or to
affect the construction thereof.

*****

 

 

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year
first above written.

	 	 	 	 	 
	 

	 	GRAYMARK HEALTHCARE, INC.

	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Stanton Nelson
	 

	 	 	 	Chief Executive Officer
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	[Indemnitee Name]
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	[Signature]
	 
	 	 	 	 
	 

	 	 	 	Current Address for Indemnitee:exv4w2

Exhibit 4.2

BAKER HUGHES INCORPORATED

Officers’ Certificate

     In accordance with the resolutions of the Securities Committee of the Board of Directors (the
“Board”) of Baker Hughes Incorporated (the “Company”) dated August 19, 2010 adopted pursuant to
authority delegated thereto by the Board by resolutions dated July 22, 2010, the undersigned
officers of the Company hereby adopt this Officers’ Certificate for the purpose of establishing a
series of Securities (the “Notes”) under the Indenture, dated as of October 28, 2008 (the
“Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee.
This Officers’ Certificate is executed pursuant to Section 301 of the Indenture. In addition to
the terms provided in the Indenture with respect to any series of Securities issued thereunder, the
terms of the Notes shall be as follows (capitalized terms used herein and not otherwise defined
herein having the respective meanings ascribed to them in the Indenture):

     (1) The title of the series of Securities comprising the Notes shall be the “5.125%
Senior Notes due 2040” of the Company.

     (2) The aggregate principal amount of the Notes which may be authenticated and
delivered under the Indenture is limited to $1,500,000,000 (plus such additional amounts of
Notes as may be authorized for issuance from time to time by or pursuant to a Board
Resolution and set forth in an Officers’ Certificate prior to the issuance thereof, which
additional Notes shall have the same ranking, interest rate, maturity and other terms as
the Notes originally issued pursuant hereto (except for the issue date and, under certain
circumstances, the date from which interest thereon will begin to accrue)) except for Notes
authenticated and delivered upon registration of transfer of, or in exchange for, or in
lieu of, other Notes pursuant to Section 304, 305, 306, 906 or 1107 of the Indenture.

     (3) The principal of the Notes shall be payable on September 15, 2040.

     (4) The Notes shall bear interest at the rate of 5.125% per annum from August 24, 2010
or the most recent March 15 or September 15 to which interest has been paid or duly
provided for on the Notes. Each March 15 or September 15 in each year, commencing March
15, 2011, shall be an “Interest Payment Date” for the Notes. The March 1 or September 1
(whether or not a Business Day), as the case may be, next preceding an Interest Payment
Date shall be the “Regular Record Date” for the interest payable on such Interest Payment
Date. Interest shall be calculated on the basis of a 360-day year composed of twelve
30-day months.

     (5) The principal of (and premium, if any) and interest on the Notes shall be payable
(x) if the Notes are Global Securities, through the relevant Depositary or (y) if the Notes
are not Global Securities, at the office or agency of the Company maintained for that
purpose in New York, New York, against

 

 

surrender of such Note in the case of any payment due at the Maturity of the principal
thereof or any payment of interest that becomes payable on a day other than an Interest
Payment Date, and in the case of clause (x) or clause (y), in such coin or currency of the
United States of America as at the time of payment is legal tender for payment of public
and private debts; provided, however, that if the Notes are not Global
Securities, (i) payment of interest on an Interest Payment Date will be made by check
mailed to the address of the Person entitled thereto as such address shall appear in the
Security Register; and all other payments will be made by check against surrender of such
Notes; (ii) all payments by check will be made in next-day funds (i.e., funds that become
available on the day after the check is cashed); and (iii) notwithstanding clauses (i) and
(ii) above, with respect to any payment of any amount due on the Notes, if such Note is in
a denomination of at least $1,000,000 and the Holder thereof at the time of surrender
thereof or, in the case of any payment of interest on any Interest Payment Date, the Holder
thereof on the related Regular Record Date delivers a written request to the Paying Agent
to make such payment by wire transfer at least five Business Days before the date such
payment becomes due, together with appropriate wire transfer instructions specifying an
account at a bank in New York, New York, the Company shall make such payment by wire
transfer of immediately available funds to such account at such bank in New York City, any
such wire instructions, once properly given by a Holder as to such Notes, remaining in
effect as to such Holder and such Notes unless and until new instructions are given in the
manner described above and provided further, that notwithstanding anything
in the foregoing to the contrary, if the Notes are Global Securities, payment shall be made
pursuant to the Applicable Procedures of the relevant Depositary. In accordance with
Section 1002 of the Indenture, the “Place of Payment” with respect to the Notes shall be
New York, New York.

     (6) The Notes shall be subject to redemption, as a whole at any time or in part from
time to time, at the option of the Company, at a Redemption Price equal to the greater of
(i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present
values of the remaining scheduled payments of principal and interest on the Notes to be
redeemed from the Redemption Date to the Stated Maturity of the Notes to be redeemed
(exclusive of any interest accrued to the Redemption Date), discounted to the date on which
the Notes are to be redeemed on a semi-annual basis assuming a 360-day year consisting of
twelve 30-day months, at the Treasury Rate plus 25 basis points, plus any interest accrued
but not paid on the Notes to be redeemed to the date on which the Notes are to be redeemed
(subject to the right of Holders on the relevant Regular Record Date to receive interest
due on the relevant Interest Payment Date). Unless the Company defaults in payment of the
Redemption Price, on and after the Redemption Date interest will cease to accrue on the
Notes or portions thereof called for redemption. If less than all of the Notes are to be
redeemed at any time, the Trustee will select Notes for redemption on a pro rata basis. No
Notes of $2,000 or less can be redeemed in part. Notices of redemption will be delivered at
least 30 but not more than 60 days before the Redemption Date to each Holder of Notes to be
redeemed at its registered address, except that

2

 

notices may be mailed more than 60 days prior to a Redemption Date if the notice is
issued in connection with a Covenant Defeasance or Defeasance with respect to the Notes or
a satisfaction and discharge of the Indenture with respect to the Notes. Notice of any
redemption, may, at the Company’s discretion, be subject to one or more conditions
precedent. A notice of redemption need not set forth the exact Redemption Price but only
the manner of calculation thereof.

     “Treasury Rate” means, with respect to any Redemption Date for the Notes, (i) the
yield, under the heading which represents the average for the immediately preceding week,
appearing in the most recently published statistical release designated “H.15(519)” or any
successor publication which is published weekly by the Board of Governors of the Federal
Reserve System and which establishes yields on actively traded United States Treasury
securities adjusted to constant maturity under the caption “Treasury Constant Maturities,”
for the maturity corresponding to the Comparable Treasury Issue with respect to the Notes
(if no maturity is within three months before or after the Stated Maturity for the Notes,
yields for the two published maturities most closely corresponding to the Comparable
Treasury Issue shall be determined and the Treasury Rate shall be interpolated or
extrapolated from such yields on a straight line basis, rounding to the nearest month) or
(ii) if that release (or any successor release) is not published during the week preceding
the calculation date or does not contain such yields, the rate per annum equal to the
semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using
a price for the Comparable Treasury Issue (expressed as a percentage of its principal
amount) equal to the Comparable Treasury Price for that Redemption Date. The Treasury Rate
shall be calculated on the third Business Day preceding the Redemption Date.

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

     “Comparable Treasury Price” means with respect to any Redemption Date for any Notes
(i) the average of four Reference Treasury Dealer Quotations for that Redemption Date,
after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii)
if the Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the
average of all such quotations.

     “Reference Treasury Dealer” means each of J.P. Morgan Securities Inc., Barclays
Capital Inc., RBS Securities Inc., UBS Securities LLC and two other primary U.S. Government
securities dealers in the United States (each, a “Primary Treasury Dealer”) appointed by
the Trustee in consultation with the Company; provided, however, that if any of the
foregoing shall cease to be a Primary

3

 

Treasury Dealer, the Company shall substitute therefor another Primary Treasury
Dealer.

     “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any Redemption Date, the average, as determined by the Trustee, of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of
its principal amount) quoted in writing to the Trustee by that Reference Treasury Dealer at
5:00 p.m. (New York City time) on the third Business Day preceding that Redemption Date.

(7) (a) So long as any of the Notes remain outstanding, subject to paragraph 7(c)
below, the Company will not, and will not permit any Restricted Subsidiary to,
issue, assume or guarantee any debt for money borrowed (“debt”) if that debt is
secured by a mortgage on any Principal Property, or on any shares of stock or
indebtedness of any Restricted Subsidiary (whether the Principal Property, shares
of stock or indebtedness is owned at or acquired after August 24, 2010), without in
any such case effectively providing that the Notes shall be secured equally and
ratably with or prior to such debt until such time as such debt is no longer so
secured by such mortgage. This restriction, however, shall not apply to:

     (i) mortgages on property of any corporation or other Person
existing at the time such corporation or other Person becomes a
Restricted Subsidiary;

     (ii) mortgages on property of a corporation or other Person
existing at the time that corporation or other Person is merged
into or consolidated with the Company or a Restricted Subsidiary
or at the time of a sale, transfer, conveyance or the disposition
of all or substantially all of the properties or assets of that
corporation or other Person to the Company or a Restricted
Subsidiary;

     (iii) mortgages on any property the Company or any Restricted
Subsidiary acquires, constructs or improves that secure debt
issued, assumed or guaranteed (or issued, assumed or guaranteed
pursuant to a commitment entered into) prior to, at the time of or
within 12 months after the acquisition or completion of
construction or improvement of the property (or, in the case of
property constructed or improved, if later, the commencement of
commercial operation of the property) for the purpose of financing
all or any part of the purchase price of the property or the cost
of the construction or improvement (together with, in the case of
construction or improvement, mortgages on property previously
owned by the Company or any

4

 

Restricted Subsidiary to the extent constituting unimproved
real property on which the property being constructed or the
improvement is located);

     (iv) mortgages securing debt owing by the Company or any
Restricted Subsidiary to the Company or another Restricted
Subsidiary;

     (v) mortgages on property of the Company or a Restricted
Subsidiary in favor of the United States of America or any State
thereof, or any department, agency or instrumentality or political
subdivision of the United States of America or any State thereof,
or in favor of any other country, or any political subdivision
thereof, to secure any debt incurred for the purpose of financing
all or any part of the purchase price or the cost of construction
or improvement of the property subject to such mortgages,
including mortgages incurred in connection with pollution control,
industrial revenue or similar financings;

     (vi) mortgages existing at the date of the original issuance
of the Notes;

     (vii) mortgages on inventory to secure current liabilities of
debt; and

     (viii) any extension, renewal or replacement or successive
extensions, renewals or replacements, in whole or in part, of any
mortgage referred to in the clauses immediately above if the
amount of debt secured by the extended, renewed or replacement
mortgage does not exceed the amount of the debt refinanced (plus
accrued interest and premiums with respect thereto) plus
transaction expenses related thereto and such mortgage is limited
to the property secured by the original mortgage plus improvements
thereon.

     (b) So long as any of the Notes remain outstanding, subject to paragraph 7(c) below,
the Company will not, and will not permit any Restricted Subsidiary to, enter into any Sale
and Leaseback Transaction of any Principal Property unless (i) the Company or such
Restricted Subsidiary would be entitled to issue, assume or guarantee debt secured by a
mortgage upon the Principal Property involved in amount at least equal to the Attributable
Debt for that transaction without equally and ratably securing the Notes, (ii) an amount in
cash equal to the Attributable Debt for that transaction is applied prior to, at the time
of or within 12 months after that transaction to the retirement of the Notes or other debt
of the Company or a Restricted Subsidiary, which by its terms matures at or

5

 

is extendible or renewable at the option of the obligor to a date more than 12 months
after its creation and which, in the case of such debt of the Company, is not subordinate
in right of payment to the Notes or (iii) prior to, at the time of or within 12 months
after such transaction, the Company or a Restricted Subsidiary uses an amount equal to the
Attributable Debt for the purchase of any asset or any interest in an asset which would
qualify, after purchase, as Principal Property. This covenant does not apply to any Sales
and Leaseback Transaction (i) entered into in connection with an industrial revenue,
pollution control or similar financing or any Sale and Leaseback Transaction or (ii) in
which the only parties involved are the Company and any Subsidiary or Subsidiaries. When
calculating the amount of Attributable Debt, any Attributable Debt for these Sale and
Leaseback Transactions will be excluded.

     (c) In addition to the exceptions set forth under paragraphs 7(a) and 7(b) above, the
Company and any Restricted Subsidiary may incur debt secured by mortgages and enter into
additional Sale and Leaseback Transactions otherwise prohibited by (and not permitted under
the exceptions to) paragraphs 7(a) or 7(b) as long as the total of such debt secured by
mortgages plus the Attributable Debt in respect of such Sale and Leaseback Transactions
does not exceed 15% of the Company’s Consolidated Net Tangible Assets.

     (d) For purposes of this paragraph 7, the following terms have the meanings specified
below:

     “Attributable Debt” means, with respect to any Sale and Leaseback Transaction, as of
the time of determination, the total obligation, discounted to present value at the annual
rate equal to the discount rate which would be applicable to a capital lease obligation
with a similar term in accordance with GAAP, of a lessee for rental payments (other than
amounts required to be paid on account of property taxes, maintenance, repairs, insurance,
water rates and other items which do not constitute payments for property rights) during
the remaining portion of the initial term of the lease with respect to such Sale and
Leaseback Transaction.

     “Consolidated Net Tangible Assets” means the total amount of assets less applicable
reserves and other properly deductible items after deducting (a) all current liabilities
excluding any thereof which are by their terms extendible or renewable at the option of the
obligor thereon to a time more than 12 months after the time as of which the amount thereof
is being computed, and (b) all goodwill, trade names, trademarks, patents, purchased
technology, unamortized debt discount and other like intangible assets, all as determined
on a consolidated basis for the Company and its consolidated subsidiaries as set forth on
the Company’s most recent quarterly balance sheet and computed in accordance with GAAP.

     “Principal Property” means any real property, manufacturing plant, warehouse, office
building or other physical facility, or any item of marine, transportation or construction
equipment or other like depreciable assets of the

6

 

Company or of any Restricted Subsidiary, whether owned at or acquired after August 24,
2010, unless, in the opinion of the Board of Directors, such plant or facility or other
assets is not of material importance to the total business conducted by the Company and its
Restricted Subsidiaries taken as a whole.

     “Restricted Subsidiary” means:

	 	(i)	 	any Subsidiary of the Company the principal assets and
business of which are located in the United States or Canada, except
Subsidiaries the principal business of which consists of providing sales and
acquisition financing of the products of the Company or any of its
Subsidiaries or owning, leasing, dealing in or developing real estate;
	 
	 	(ii)	 	any Subsidiary of the Company that owns, indirectly through
ownership of another Subsidiary of the Company, a Principal Property located
in the United States or Canada; or
	 
	 	(iii)	 	any other Subsidiary of the Company that the Company
designates as a Restricted Subsidiary.

     “Sale and Leaseback Transaction” means any arrangement with any Person under which the
Company or any Restricted Subsidiary leases for a term of more than three years any
Principal Property that the Company or any Restricted Subsidiary has sold or transferred or
will sell or transfer to that Person. This term excludes leases of any Principal Property
the Company or any Restricted Subsidiary acquires or places in service within 180 days
prior to the arrangement.

     (8) At any time when the Company is not subject to Section 13 or Section 15(d) of the
Exchange Act, so long as any Notes remain outstanding, upon the request of a holder of the
Notes, the Company will promptly furnish or cause to be furnished the information specified
under Rule 144A(d)(4) of the Securities Act to such holder.

     (9) The covenants set forth in paragraphs (7) and (8) hereof with respect to the Notes
are applicable only to the Securities of the series of the Notes, and are solely for the
benefit of the Holders of the Notes.

     (10) The Notes shall not be subject to redemption at the option of the Holders or to a
sinking fund requirement.

     (11) The Notes shall be issuable in minimum denominations of $2,000 and multiples of
$1,000 in excess thereof.

     (12) The provisions of Section 1302 and Section 1303 of the Indenture with respect to
Defeasance of the Securities of a series and Covenant Defeasance of the Securities of a
series, respectively, shall be applicable to the Notes.

7

 

     (13) The Notes shall be issued initially wholly in the form of one or more Global
Securities and The Depository Trust Company shall be the initial Depositary with respect
thereto.

     (14) The form of the Notes shall be in substantially the respective form set forth in
Exhibit 1 attached hereto pursuant to Article II of the Indenture.

[Signature page follows]

8

 

     IN WITNESS WHEREOF, each of the undersigned has duly executed this Officers’ Certificate this
24th day of August, 2010.

	 	 	 	 	 
	 	 	 
	 	By:  	            /s/ Peter A. Ragauss
 	 
	 	 	Name:  	Peter A. Ragauss 	 
	 	 	Title:  	Senior Vice President and
Chief Financial Officer 	 
	 
	 	 	 
	 	By:  	               /s/ Sandra E. Alford
 	 
	 	 	Name:  	Sandra E. Alford 	 
	 	 	Title:  	Corporate Secretary 	 
	 

Signature Page to Officers’ Certificate

 

 

EXHIBIT 1

Form of 5.125% Senior Notes due 2040

[See attached.]

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