Document:

exh4_b.htm

    Exhibit
      4(b)

     

    EXECUTION
      VERSION

    

     

    FIRST
      SUPPLEMENTAL INDENTURE

     

    FIRST
      SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
      October [__], 2007, to the Indenture dated as of July 1, 2003 (the
“Indenture”), by and between TXU Corp., a Texas corporation (the
“Company”) and The Bank of New York, a New York banking corporation,
      as
      trustee (the “Trustee”).

     

    W
      I T N E S S E T H

     

    WHEREAS,
      the Company and the Trustee have heretofore executed and delivered the Indenture
      providing for the issuance of an unlimited aggregate principal amount of
      unsecured debentures, notes or other indebtedness to be issued in one or more
      series;

     

    WHEREAS,
      the Indenture provides that the terms of the securities may be set forth in
      an
      Officer’s Certificate;

     

    WHEREAS,
      the Company has heretofore delivered to the Trustee an Officer’s Certificate,
      dated July 15, 2003 (the  “Series N Officer’s Certificate”),
      providing for the Floating Rate Convertible Senior Notes due 2033 (the
“Series N Notes”);

     

    WHEREAS,
      the Company, Texas Energy Future Holdings Limited Partnership, a Delaware
      limited partnership (“Parent”), and Texas Energy Future Merger Sub Corp,
      a Texas corporation and a wholly owned subsidiary of Parent (“Merger
      Sub”), previously entered into the Agreement and Plan of Merger, dated as of
      February 25, 2007 (the “Merger Agreement”);

     

    WHEREAS,
      Section 7(M) of the Series N Officer’s Certificate provides that upon a merger
      of the Company, as a result of which the holders of the common stock, without
      par value, of the Company (“Common Stock”) shall be entitled to receive
      stock, securities or other property or assets (including cash) with respect
      to
      or in exchange for such Common Stock, the Company or the successor or the
      purchasing corporation, as the case may be, shall execute with the Trustee
      a
      supplemental indenture providing that at the effective time of such merger,
      each
      Series N Note shall be convertible into the kind and amount of shares of stock
      and other securities or property or assets (including cash) receivable upon
      such
      merger by a holder of a number of shares of Common Stock issuable upon
      conversion of such Series N Note immediately prior to such merger;

     

    WHEREAS,
      pursuant to the terms of the Merger Agreement, Merger Sub will be merged with
      and into the Company and the Company shall continue as the surviving entity
      (the
“Merger”), and pursuant to the Merger, each share of the Common Stock, no
      par value, of the Company issued and outstanding immediately prior to the
      effective time of the Merger, shall be converted into the right to receive
      $69.25 per share in cash;

     

    WHEREAS,
      pursuant to Article 12 of the Indenture and Section 7(M) of the Series N
      Officer’s Certificate, the Trustee is authorized to execute and deliver this
      Supplemental Indenture;

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

     

    WHEREAS,
      the Company has been authorized by resolution to enter into this Supplemental
      Indenture;

     

    WHEREAS,
      all other acts and proceedings required by law, by the Indenture and by the
      charter documents of the Company to make this Supplemental Indenture a valid
      and
      binding agreement for the purposes expressed herein, in accordance with its
      terms, have been duly done and performed; and

     

    WHEREAS,
      the Company hereby requests that the Trustee execute and deliver this
      Supplemental Indenture;

     

    NOW,
      THEREFORE, in consideration of the premises and the covenants and agreements
      contained herein, and for other good and valuable consideration the receipt
      of
      which is hereby acknowledged, the Company and the Trustee hereby agree as
      follows:

     

    1.           AMENDMENT
      TO SERIES N OFFICER’S CERTIFICATE.

     

    
      	
               

            	
              (a)

            	
              Section
                7(A) of the Series N Officer’s Certificate, is hereby amended and restated
                to read in its entirety as follows:

            

    

     

    “Right
      to Convert.  A
      Holder may convert its Series N Notes into an amount in cash specified below,
      during the periods and subject to the conditions stated in paragraph 5 of the
      Form of Series N Notes.  The amount of cash payable upon conversion of
      a Series N Note per $1,000 principal amount thereof shall be $4,274.05 (the
      “Conversion Rate”).  A Holder may convert a portion of the
      principal amount of Series N Notes if the portion is $1,000 or a multiple of
      $1,000.”

     

    
      	
               

            	
              (b)

            	
              Section
                7(B) of the Series N Officer’s Certificate is hereby further amended by
                amending and restating the third sentence thereof to read in its
                entirety
                as follows:

            

    

     

    “Cash
      deliverable upon conversion will be delivered through the Conversion Agent
      as
      soon as practicable, but no later than the fifth Business Day following the
      Conversion Date.”

     

    
      	
               

            	
              (c)

            	
              Section
                7(B) of the Series N Officer’s Certificate is hereby further amended by
                deleting the fourth, fifth, sixth and eighth sentences thereof in
                their
                entirety.

            

    

     

    
      	
               

            	
              (d)

            	
              Section
                7(B) of the Series N Officer’s Certificate is hereby further amended by
                amending and restating the ninth sentence thereof to read in its
                entirety
                as follows:

            

    

     

    “On
      conversion of Series N Notes, the
      portion of accrued interest including accrued Contingent Interest, if any,
      with
      respect to the converted Series

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    N
      Notes shall not be cancelled, extinguished or forfeited, but rather shall be
      deemed to be paid in full upon delivery of the cash payment upon
      conversion.”

     

    
      	
               

            	
              (e)

            	
              Section
                7(B) of the Series N Officer’s Certificate is hereby further amended by
                amending and restating the tenth sentence thereof to read in its
                entirety
                as follows:

            

    

     

    “Notwithstanding
      conversion of any
      Series N Notes, the Holders of the Series N Notes will continue to be entitled
      to receive Additional Amounts in accordance with the Registration Rights
      Agreement.”

     

    
      	
               

            	
              (f)

            	
              Section
                7(B) of the Series N Officer’s Certificate is hereby further amended by
                amending and restating the eleventh sentence to read in its entirety
                as
                follows:

            

    

     

    “If
      a Holder converts more than one
      Series N Note at the same time, the amount of cash issuable upon the conversion
      shall be based on the total principal amount of the Series N Notes
      converted.”

     

    2.           AMENDMENTS
      TO FORM OF SERIES N NOTES.

     

    
      	
               

            	
              (a)

            	
              Paragraph
                5 on the reverse of each Series N Note is hereby deemed to be amended
                by
                amending and restating the forepart of the first sentence of such
                Paragraph to read in its entirety as
                follows:

            

    

     

    “Subject
      to the procedures set forth in
      the Indenture and the Officer’s Certificate, a Holder may convert Securities of
      this series into $4,274.05 in cash per $1,000 principal amount of Securities
      on
      or before the close of business on June 15, 2033 during the periods and upon
      satisfaction of at least one of the conditions set forth below:”

     

    
      	
               

            	
              (b)

            	
              Paragraph
                5 on the reverse of each Series N Note is hereby further deemed to
                be
                amended by amending and restating the third full paragraph to read
                in its
                entirety as follows:

            

    

     

    “The
      amount of cash payable upon
      conversion of this Security (the “Conversion Rate”) per $1,000 principal amount
      hereof shall be $4,274.05.

     

    3.           EFFECTIVENESS
      OF AMENDMENTS.  This Supplemental Indenture shall be effective at the
      Effective Time (as defined in the Merger Agreement).

     

    4.           CAPITALIZED
      TERMS.  Capitalized terms used herein without definition shall have
      the meanings assigned to them in the Indenture or the Series N Officer’s
      Certificate, as the context shall require.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

     

    5.           CONTINUING
      EFFECT OF INDENTURE.  Except as expressly provided herein, all of the
      terms, provisions and conditions of the Indenture, the Series N Notes and the
      Series N Officer’s Certificate shall remain in full force and
      effect.

     

    6.           CONSTRUCTION
      OF SUPPLEMENTAL INDENTURE.  This Supplemental Indenture is executed as
      and shall constitute an indenture supplemental to the Indenture and shall be
      construed in connection with and as part of the Indenture.  THE LAWS
      OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL
      INDENTURE.

     

    7.           TRUST
      INDENTURE ACT CONTROLS.  If any provision of this Supplemental
      Indenture limits, qualifies or conflicts with another provision of this
      Supplemental Indenture or the Indenture that is required to be included by
      the
      Trust Indenture Act of 1939 as in force at the date as of which this
      Supplemental Indenture is executed, the provision required by said Act shall
      control.

     

    8.           TRUSTEE
      DISCLAIMER.  The recitals and statements contained in this
      Supplemental Indenture shall be taken as the recitals and statements of the
      Company, and the Trustee assumes no responsibility for their
      correctness.  The Trustee makes no representations as to the validity
      or sufficiency of this Supplemental Indenture.  All rights,
      protections, privileges, indemnities and benefits granted or afforded to the
      Trustee under the Indenture shall be deemed incorporated herein by this
      reference and shall be deemed applicable to all actions taken, suffered or
      omitted by the Trustee under this Supplemental Indenture.

     

    9.           COUNTERPARTS.  This
      Supplemental Indenture may be executed in any number of counterparts, each
      of
      which so executed shall be deemed to be an original, but all such counterparts
      shall together constitute but one and the same instrument.

     

    10.           SUPPLEMENTAL
      INDENTURE FORMS PART OF INDENTURE.  This Supplemental Indenture is
      executed and shall be construed as an indenture supplemental to the Indenture
      and, as provided in the Indenture, this Supplemental Indenture forms a part
      of
      the Indenture for all purposes.  The Indenture, as amended and
      supplemented by this Supplemental Indenture, is in all respects ratified and
      confirmed.

     

    11.           HEADINGS.  The
      section headings herein are for convenience only and shall not affect the
      construction hereof.

     

    12.           SEVERABILITY.  In
      case any provision in this Supplemental Indenture, the Series N Officer’s
      Certificate or the Series N Notes shall be invalid, illegal or unenforceable,
      the validity, legality and enforceability of the remaining provisions shall
      not
      in any way be affected or impaired thereby.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture
      to
      be duly executed as of the date first above written.

     

    

    
      	 	
              TXU
                CORP.

            
	
              By:

            	 
	
              Name:

            
	
              Title:

            

    

    

     

    

     

    
      	 	
              THE
                BANK OF NEW YORK,

              as
                Trustee

            
	
              By:

            	 
	
              Name:

            
	
              Title:

            

    

    

     

    

    

    

    

    

    

    

    

    

    [Signature
      Page – Supplemental Indenture]

    

    

    
      
         

      

      
        5exh4_d.htm

    Exhibit
      4(d)

     

    FIRST
      SUPPLEMENTAL INDENTURE, dated as of October 5, 2007, to the Indenture dated
      as
      of March 1, 2003 (as amended and supplemented to the date hereof, the
“Indenture”), by and between Texas Competitive Electric Holdings Company LLC
      (formerly known as TXU Energy Company LLC), a Delaware limited liability company
      (the “Company”) and The Bank of New York, as trustee (the
“Trustee”).

     

    W
      I T N E S S E T H:

     

    WHEREAS,
      the Company and the Trustee have heretofore executed and delivered the
      Indenture, and the Company has issued pursuant to the Indenture its 6.125%
      Senior Notes due 2008 (the “6.125% Notes”) and its 7.000% Senior Notes due 2013
      (the “7.000% Notes”, and together with the 6.125% Notes, the
“Notes”);

     

    WHEREAS,
      Section 1202 of the Indenture provides that the Company and the Trustee may,
      with the consents of the holders of at least a majority in aggregate principal
      amount of the Securities (as defined in the Indenture) of all series Outstanding
      (as defined in the Indenture) under the Indenture, considered together as one
      class, enter into this Supplemental Indenture;

     

    WHEREAS,
      the Notes are the only Securities Outstanding under the Indenture;

     

    WHEREAS,
      the Company has offered to purchase for cash, among other securities, any and
      all of the outstanding Notes upon the terms and subject to the conditions set
      forth in the Offer to Purchase and Consent Solicitation Statement, dated
      September 25, 2007 (as the same may be amended or supplemented from time to
      time, the “Statement”), and in the related Consent and Letter of Transmittal (as
      the same may be amended or supplemented from time to time, and, together with
      the Statement, with respect to each series of Notes, the “Offer,” and with
      respect to all series of Notes, the “Offers”), from each Holder of such
      Notes;

     

    WHEREAS,
      each of the Offers is conditioned upon, among other things, certain amendments
      to the Indenture, to the Officer’s Certificate dated March 11, 2003 relating to
      the Notes  (the “2003 Officer’s Certificate”) and to the Notes set
      forth in Article Two, Article Three, Article Four and Article Five of this
      Supplemental Indenture (the “Amendments”) having been approved by Holders of not
      less than a majority of the outstanding principal amount of the Notes,
      considered together as one class, and a supplemental indenture in respect
      thereof having been executed and delivered by the Company and the
      Trustee;

     

    WHEREAS,
      the Company has received the consents from Holders of not less than a majority
      of the outstanding aggregate principal amount of the Notes, considered together
      as one class, to effect the Amendments;

     

    WHEREAS,
      the Company has delivered to the Trustee an Officer’s Certificate (as defined in
      the Indenture) as well as an Opinion of Counsel (as defined in the Indenture)
      to
      the effect that the execution and delivery of this Supplemental Indenture by
      the
      Company is authorized or permitted under the Indenture and that all conditions
      precedent provided for in the Indenture to the execution and delivery of this
      Supplemental Indenture to be complied with by the Company have been complied
      with;

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

     

    WHEREAS,
      the Company has been authorized by resolution to enter into this Supplemental
      Indenture;

     

    WHEREAS,
      all other acts and proceedings required by law, by the Indenture and by the
      charter documents of the Company to make this Supplemental Indenture a valid
      and
      binding agreement for the purposes expressed herein, in accordance with its
      terms, have been duly done and performed; and

     

    WHEREAS,
      the Company hereby requests that the Trustee execute and deliver this
      Supplemental Indenture;

     

    NOW,
      THEREFORE, in consideration of the premises and the covenants and agreements
      contained herein, and for other good and valuable consideration the receipt
      of
      which is hereby acknowledged, the Company and the Trustee hereby agree as
      follows:

     

    ARTICLE
      ONE

            SECTION
      1.01.  Definitions

     

    .

     

    Capitalized
      terms used in this Supplemental Indenture and not otherwise defined herein
      shall
      have the meanings assigned to such terms in the Indenture.

     

    ARTICLE
      TWO

            SECTION
      2.01.  Amendments to Table of Contents

     

    .

     

    (a)           The
      Table of Contents of the Indenture is amended by deleting the titles to Sections
      602, 605, 606 and 815 and inserting in lieu thereof the phrase “[intentionally
      omitted]”.

     

    (b)           The
      Table of Contents of the Indenture is amended by deleting the title to Section
      1002 and replacing it with the following: “REPORTS BY TRUSTEE”.

     

    ARTICLE
      THREE

            SECTION
      3.01.  Elimination of Certain Provisions in Article
      Six

     

    .

     

    (a)           Section
      602 of the Indenture is amended by deleting it in its entirety and inserting
      in
      lieu thereof the phrase “[intentionally omitted]”.

     

    (b)           Section
      605 of the Indenture is amended by deleting it in its entirety and inserting
      in
      lieu thereof the phrase “[intentionally omitted]”.

     

    (c)           Section
      606 of the Indenture is amended by deleting it in its entirety and inserting
      in
      lieu thereof the phrase “[intentionally omitted]”.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

     

    

     

            SECTION
      3.02.  Elimination of Certain Provisions in Article
      Eight

     

    .

     

    (a)           Section
      801 of the Indenture is amended by deleting the text of subsection (c) in its
      entirety and inserting in lieu thereof the phrase “[intentionally
      omitted]”.

     

    (b)           Section
      815 of the Indenture is amended by deleting it in its entirety and inserting
      in
      lieu thereof the phrase “[intentionally omitted]”.

     

    
      	
               

            	
              SECTION
                3.03.  Amendment and Elimination of Certain Provisions
                in Article Ten

            

    

     

    .

     

    (a)           Section
      1002 of the Indenture is amended by deleting the final two sentences of the
      first paragraph and the entire second paragraph of the section.

     

    (b)           Section
      1002 of the Indenture is further amended by retitling such section as “Section
      1002.  REPORTS BY TRUSTEE”.

     

    
      	
               

            	
              SECTION
                3.04.  Amendment and Elimination of Certain Provisions
                in Article Eleven

            

    

     

    .

     

    Section
      1101 of the Indenture is amended by deleting subsections (b) and (c) and
      inserting in lieu thereof the phrase “[intentionally omitted]”.

     

    ARTICLE
      FOUR

    
      	
               

            	
              SECTION
                4.01.  Amendment of Certain Provisions in the 2003
                Officer’s Certificate

            

    

     

    .

     

    The
      2003 Officer’s Certificate is amended by deleting Section 12, Section 13,
      Section 14, Section 15, Section 16 and Section 17 in their entirety and
      inserting in lieu thereof the phrase “[intentionally omitted]”.

     

    

    ARTICLE
      FIVE

    
      	
               

            	
              SECTION
                5.01.  Amendment of Certain Provisions in the
                Notes

            

    

     

    .

     

    The
      Notes are amended by inserting the following text on the reverse of the
      Note:

     

    “Notwithstanding
      anything to the contrary contained herein, the terms of the Indenture, the
      related Officer’s Certificate and this Security have been amended and the
      following provisions of the Indenture and the related Officer’s Certificate, and
      the corresponding provisions of this Security, are no longer applicable to
      this
      Security:  Section 602, Section 605, Section 606, subsection (c) of
      Section 801, Section 815 and subsection (b) and (c) of Section 1101; and
      Sections 12, 13, 14, 15, 16 and 17 of the Officer’s Certificate.  In
      addition, Section 1002 of the Indenture has been amended.”

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

     

    ARTICLE
      SIX

    
      	
               

            	
              SECTION
                6.01.  Effectiveness of Amendments 

            

    

     

    .

     

    This
      Supplemental Indenture shall be effective upon its execution and delivery by
      the
      parties hereto. The Amendments set forth in Articles Two through Five hereof
      will only become operative immediately prior to the acceptance for payment
      of
      Notes validly tendered and not withdrawn at or prior to the Consent Payment
      Deadline (as defined in the Statement) pursuant to the Offer
      therefor.

     

    
      	
               

            	
              SECTION
                6.02.  Continuing Effect of
                Indenture

            

    

     

    .

     

    Except
      as expressly provided herein, all of the terms, provisions and conditions of
      the
      Indenture, the Notes and the 2003 Officer’s Certificate shall remain in full
      force and effect.

     

    
      	
               

            	
              SECTION
                6.03.  Construction of Supplemental
                Indenture

            

    

     

    .

     

    This
      Supplemental Indenture is executed as and shall constitute an indenture
      supplemental to the Indenture and shall be construed in connection with and
      as
      part of the Indenture.  THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN
      AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE.

     

    
      	
               

            	
              SECTION
                6.04.  Trust Indenture Act
                Controls

            

    

     

    .

     

    If
      any provision of this Supplemental Indenture limits, qualifies or conflicts
      with
      another provision of this Supplemental Indenture or the Indenture that is
      required to be included by the Trust Indenture Act of 1939 as in force at the
      date as of which this Supplemental Indenture is executed, the provision required
      by said Act shall control.

     

    
      	
               

            	
              SECTION
                6.05.  Trustee
                Disclaimer

            

    

     

    .

     

    The
      recitals and statements contained in this Supplemental Indenture shall be taken
      as the recitals and statements of the Company, and the Trustee assumes no
      responsibility for their correctness.  The Trustee makes no
      representations as to the validity or sufficiency of this Supplemental
      Indenture.  All rights, protections, privileges, indemnities and
      benefits granted or afforded to the Trustee under the Indenture shall be deemed
      incorporated herein by this reference and shall be deemed applicable to all
      actions taken, suffered or omitted by the Trustee under this Supplemental
      Indenture.

     

    
      	
               

            	
              SECTION
                6.06.  Counterparts

            

    

     

    .

     

    This
      Supplemental Indenture may be executed in any number of counterparts, each
      of
      which so executed shall be deemed to be an original, but all such counterparts
      shall together constitute but one and the same instrument.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

     

    

     

    
      	
               

            	
              SECTION
                6.07.  Supplemental Indenture Forms Part of
                Indenture

            

    

     

    .

     

    This
      Supplemental Indenture is executed and shall be construed as an indenture
      supplemental to the Indenture and, as provided in the Indenture, this
      Supplemental Indenture forms a part of the Indenture for all
      purposes.  The Indenture, as amended and supplemented by this
      Supplemental Indenture, is in all respects ratified and confirmed.

     

    
      	
               

            	
              SECTION
                6.08.  Headings

            

    

     

    .

     

    The
      section headings herein are for convenience only and shall not affect the
      construction hereof.

     

    
      	
               

            	
              SECTION
                6.09.  Severability

            

    

     

    .

     

    In
      case any provision in this Supplemental Indenture, the 2003 Officer’s
      Certificate or the Notes shall be invalid, illegal or unenforceable, the
      validity, legality and enforceability of the remaining provisions shall not
      in
      any way be affected or impaired thereby.

     

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture
      to
      be duly executed, all as of the day and year first above written.

     

    
      	 	
              TEXAS
                COMPETITIVE ELECTRIC HOLDINGS COMPANY LLC

               

               

            
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            
	 	 	 
	 	
              THE
                BANK OF NEW YORK,

              as
                Trustee

               

               

            
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

    

    

     

    
      
         

      

      
        6

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