Document:

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EXHIBIT 10.1

Commercial Contract                                         Adams Gallinar, P.A.
FLORIDA ASSOCIATION OF REALTORS                   1200 Brickell Avenue Suite 900
                                                                Miami, FL  33131
                                              Tel. 305-461-6800 Fax 305-416-6811

1. PURCHASE AND SALE:
HINES NURSERIES, INC., A CALIFORNIA CORPORATION                      ("SELLER").
AND F & J FARMS, LLC, A FLORIDA LIMITED LIABILITY COMPANY,
AND/OR PERMITTED ASSIGNS                                              ("BUYER").
Agree to sell and buy on the terms and conditions  specified  below the property
("Property") described as:
Address: TBD

Legal Description:

APPROXIMATELY 138+ ACRES LOCATED FROM SW 184TH STREET AND SW 190TH STREET, AND
FROM SW 164TH AVENUE AND SW 169TH AVENUE IN MIAMI-DADE COUNTY TO BE FURTHER
SUPPLEMENTED BY AN ACCURATE ACREAGE MEASUREMENT AND BOUNDARY SURVEY (SEE EXHIBIT
"A") .

and the following Personal Property:

TO BE IDENTIFIED AND INVENTORY TO BE GENERATED AND AGREED UPON DURING INSPECTION
PERIOD.

(all collectively referred to as the "Property") on the terms and conditions set
forth below. THE "EFFECTIVE DATE" OF THIS CONTRACT IS THE DATE ON WHICH THE LAST
OF THE PARTIES SIGNS THE LATEST OFFER. TIME IS OF THE ESSENCE IN THIS CONTRACT.
Time periods of 5 days or less will be computed without including Saturday,
Sunday or national legal holidays and any time period ending on a Saturday,
Sunday or national legal holiday will be extended until 5:00 p.m. of the nest
business day.

<TABLE>
<CAPTION>
<S>                                                                                           <C>
2. PURCHASE PRICE:                                                                            $   12,455,100.00
                                                                                              -----------------
         (a) Deposit held in escrow by ADAM GALLINAR, P. A                                    $      500,000.00
                                                                                              -----------------
         (b) Additional deposit to be made within________days from Effective Date             $
                                                                                              -----------------
         (c) Total mortgages (as referenced in Paragraph 3)                                   $
                                                                                              -----------------
         (d) Other: ADDITIONAL DEPOSIT AT OR PRIOR TO EXPIRATION OF INSPECTION PERIOD         $      500,000.00
                                                                                              -----------------
         (e) Balance to close, subject to adjustment and prorations,
         to be made with cash, locally drawn certified or cashier's check or wire transfer    $ CASH AT CLOSING
                                                                                              -----------------
</TABLE>

3. THIS SECTION WAS INTENTIONALLY OMITTED

4. TITLE: SELLER has the legal capacity to and will convey marketable title to
the Property by [x] statutory warranty deed SELLER, but subject to property
taxes for the year of closing: covenants, restrictions and public utility
easements of record; and (list any other matters to which title will be subject)
MATTERS LISTED IN TITLE INSURANCE COMMITMENT EXCEPT MONETARY ENCUMBRANCES.

         (a) This section was intentionally omitted
         (b) This section was intentionally omitted
         (c) This section was intentionally omitted
         (d) INGRESS AND EGRESS: SELLER warrants that the Property presently has
             ingress and egress.
         (e) POSSESSION: SELLER will deliver possession and keys for all locks
             and alarms to BUYER at closing.

5. CLOSING DATE AND PROCEDURE: This transaction will be closed in MIAMI-DADE
County, Florida on or before DECEMBER 28, 2006 or within ____ days from
Effective Date ("Closing Date"), unless otherwise extended herein. [ ] SELLER
[x] BUYER will designate the closing agent. BUYER and SELLER will, within 45
days from Effective Date, deliver to Escrow Agent signed instructions which
provide for closing procedure. If an institutional lender is providing purchase
funds, lender requirements as to place, time of day and closing procedures will
control over any contrary provisions in this Contract.

         (a)  COSTS: BUYER will pay taxes and recording fees on notes, mortgages
              and financing statements and recording fees for the deed. SELLER
              will pay taxes on the deed and recording fees for documents needed
              to cure title defects. If SELLER is obligated to discharge any
              encumbrances at or prior to closing and fails to do so, BUYER may
              use purchase proceeds to satisfy the encumbrances.

         (b)  DOCUMENTS: SELLER will provide the deed, bill of sale, mechanic's
              lien affidavit, assignments of permits and licenses. If SELLER is
              a corporation, SELLER will deliver a resolution of its Board of
              Directors authorizing the sale and delivery of the deed and
              certification by the corporate Secretary certifying the resolution
              and setting forth facts showing the conveyance conforms with the
              requirements of local law. BUYER will provide the closing
              statement.

 BUYER ( JRP ) (    ) SELLER ( CMP ) (    ) acknowledges receipt of this page.

CC-2(R) 1997 Florida Association of Realtors(R). All rights reserved. Licensed
to Alta Star Software. User Reg# S1445317C

Software and Added Formatting Copyright 2004 Alta Star Software, Inc. All Right
Reserved. (305) 279-8898

                                       5
<PAGE>

         (c)  TAXES, ASSESSMENTS, AND PRORATIONS: The following items will be
              made current and prorated [x] as of Closing Date [ ] as of
              ____________: real estate taxes, bond and assessment payments and
              ______________________________. If the amount of taxes and
              assessments for the current year cannot be ascertained, rates for
              the previous year will be used with due allowance being made for
              improvements and exemptions. SELLER is aware of the following
              assessments affecting or potentially affecting the Property:
              _____________________________. BUYER will be responsible for all
              assessments of any kind which become due and owing on or after
              Effective Date, unless the improvement is substantially completed
              as of Closing Date, in which case SELLER will be obligated to pay
              the entire assessment.

         (d)  FIRPTA TAX WITHHOLDING: The Foreign Investment in Real Property
              Act ("FIRPTA") requires BUYER to withhold at closing a portion of
              the purchase proceeds for remission to the Internal Revenue
              Service ("I.R.S.") if SELLER is a "foreign person" as defined by
              the Internal Revenue Code. The parties agree to comply with the
              provisions of FIRPTA and to provide, at or prior to closing,
              appropriate documentation to establish any applicable exemption
              from the withholding requirement. If withholding is required and
              BUYER will provide proof to SELLER that such funds were property
              remitted to I.R.S.

6. ESCROW: BUYER and SELLER authorize ADAM GALLINAR, P.A.
Telephone:305-416-6800 Fax:305-416-6811
Address:1200 BRICKELL AVENUE, SUITE 900, MIAMI, FLORIDA 33131 to act as "Escrow
Agent" to receive funds and other items and, subject to clearance, disburse them
in accordance with the terms of this Contract. Escrow Agent will deposit all
funds received in [X] a non-interest bearing escrow account [ ] an interest
bearing escrow account with interest accruing to _____________________ with
interest disbursed (check one) [ ] at closing [ ] at ___________ intervals. If
Escrow Agent receives conflicting demands or has a good faith doubt as to Escrow
Agent's duties or liabilities under this Contract, he/she may (a) hold the
subject matter of the escrow until the parties mutually agree to its
disbursement or until issuance of a court order or decision of arbitrator
determining the parties' rights regarding the escrow or (b) deposit the subject
matter of the escrow with the clerk of the circuit court having jurisdiction
over the dispute. Upon notifying the parties of such action, Escrow Agent will
be released from all liability except for the duty to account for items
previously delivered out of escrow. If a licensed real estate broker, Escrow
Agent will comply with applicable provisions of Chapter 475, Florida Statutes.
In any suit or arbitration in which Escrow Agent is made a party because of
acting as agent hereunder or interpleads the subject matter of the escrow,
Escrow Agent will recover reasonable attorneys' fees and costs at all levels,
with such fees and costs to be paid from the escrowed funds or equivalent and
charged and awarded as court or other costs in favor of the prevailing party.
The parties agree that Escrow Agent will not be liable to any person for
misdelivery to BUYER or SELLER of escrowed items, unless the misdelivery is due
to Escrow Agent's willful breach of this Contract or gross negligence.

7. PROPERTY CONDITION: SELLER will deliver the Property to BUYER at the time
agreed in its present "as is" condition, ordinary wear and tear excepted, and
will maintain the landscaping and grounds in a comparable condition. SELLER
makes no warranties other than marketability of title. By accepting the Property
"as is," BUYER waives all claims against SELLER for any defects in the property.
(Check (a) or (b))

         [ ] (a) AS IS: BUYER has inspected the Property or waives any right to
         inspect and accepts the Property in its "as is" condition.

         [x} (b) DUE DILIGENCE PERIOD: BUYER will, at BUYER'S expense and within
         40 days from Effective Date ("Due Diligence Period"), determine whether
         the Property is suitable, in BUYER'S sole and absolute discretion, for
         BUYER'S intended use and development of the Property as specified in
         Paragraph 4. During the Due Diligence Period, BUYER may conduct any
         tests, analyses, surveys and investigations ("Inspections") which BUYER
         deems necessary to determine to BUYER'S satisfaction the Property's
         engineering, architectural, environmental properties; zoning and zoning
         restrictions; flood zone designation and restrictions; subdivision
         regulations; soil and grade; availability of access to public roads,
         water, and other permits, government approvals and licenses; compliance
         with American with Disabilities Act; absence of asbestos, soil and
         ground water contamination; and other inspections that BUYER deems
         appropriate to determine the suitability of the Property for BUYER'S
         intended use and development. BUYER shall deliver written notice to
         SELLER prior to the expiration of the Due Diligence Period of BUYER'S
         determination of whether or not the Property is acceptable. BUYER'S
         failure to comply with this notice requirement shall constitute
         acceptance of the Property in its present "as is" condition. SELLER

 BUYER ( JRP ) (    ) SELLER ( CMP ) (    ) acknowledges receipt of this page.

CC-2(R) 1997 Florida Association of Realtors(R). All rights reserved. Licensed
to Alta Star Software. User Reg# S1445317C

Software and Added Formatting Copyright 2004 Alta Star Software, Inc. All Right
Reserved. (305) 279-8898

                                       6
<PAGE>

         grants to BUYER, its agents, contractors and assigns, the right to
         enter the Property at any time during the Due Diligence Period for the
         purpose of conducting Inspections; provided, however, that BUYER, it
         agents, contractors and assigns enter the Property and conduct
         Inspections at their own risk. BUYER shall indemnify and hold SELLER
         harmless from losses, damages, costs, claims and expenses of any
         nature, including attorney's fees at all levels, and from liability to
         any person, arising from the conduct of any and all inspections or any
         work authorized by BUYER. BUYER will not engage in any activity that
         could result in a mechanic's lien being filed against the Property
         without SELLER'S prior written consent. In the event this transaction
         does not close, (1) BUYER shall repair all damages to the Property
         resulting from the Inspections and return the Property to the condition
         it was in prior to conduct of the Inspections, and (2) BUYER shall, at
         BUYER'S expenses, release to SELLER all reports and other work
         generated as a result of the Inspections. Should BUYER deliver timely
         notice timely notice that the Property is not acceptable, SELLER agrees
         that BUYER'S deposit shall be immediately returned to BUYER and the
         Contract terminated.

         (c) WALK-THROUGH INSPECTION: BUYER may, on the day prior to closing or
         any other time mutually agreeable to the parties, conduct a final
         "walk-through" Inspection of the Property to determine compliance with
         this paragraph and to ensure that all Property is on the premises.

         (d) DISCLOSURES:
              1.   RADON GAS: Radon is a naturally occurring radioactive gas
                   that, when it has accumulated in a building in sufficient
                   quantities, may present health risks to persons who are
                   exposed to it over time. Levels of radon that exceed federal
                   and state guidelines have been found in buildings in Florida.
                   Additional information regarding radon and radon testing may
                   be obtained from your county public health unit.
              2.   ENERGY EFFICIENCY: BUYER may have determined the energy
                   efficiency rating of the building, if any is located on the
                   Real Property.

8. OPERATION OF PROPERTY DURING CONTRACT PERIOD: SELLER will continue to operate
the Property and any business conducted on the Property in the manner operated
prior to Contract and will take no action that would adversely impact the
Property, tenants, lenders or business, if any. Any changes, such as renting
vacant space, that materially affect the Property or BUYER'S intended use of the
Property will be permitted [X] only with BUYER'S consent [ ] without Buyer's
consent.

9. RETURN OF DEPOSIT: Unless otherwise specified in the Contract, in the event
any condition of this Contract is not met and BUYER has timely given any
required notice regarding the condition having not been met, BUYER'S deposit
will be returned in accordance with applicable Florida laws and regulations.

10. DEFAULT

         (a)  In the event the sale is not closed due to any default or failure
              on the part of SELLER other than failure to make the title
              marketable diligent effort, BUYER may either (1) receive a refund
              of BUYER'S deposit(s) (2) seek specific performance.

         (b)  In the event the sale is not closed due to any default or failure
              on the part of BUYER, SELLER may retain al deposit(s) paid or
              agreed to be paid by BUYER as agreed upon liquidated damages,
              consideration for the execution of this Contract, and in full
              settlement of any claims, upon which this Contract will terminate.

11. ATTORNEY'S FEES AND COSTS: In any claim or controversy arising out of or
relating to this Contract, the prevailing party, which for purposes of this
provision will include BUYER, SELLER and Broker, will be awarded reasonable
attorneys' fees, costs and expenses.

12. BROKERS: Neither BUYER nor SELLER has utilized the services of, or for any
other reason owes compensation to, a licensed real estate Broker other than:

         (a)  LISTING BROKER: MICHAEL J. AMBROSE 4% (WITH REBATE OF 1.75% OF
              PURCHASE PRICE CREDITED/PAID TO BUYER AT CLOSING) who is [x] an
              agent of POINTS REAL ESTATE SERVICES, INC. [ ] a transaction
              broker [ ] a nonrepresentative and who will be compensated by [x]
              SELLER [ ] BUYER [ ] both parties pursuant to [ ] a listing
              agreement [ ] other (specify):
         (b)  CORPORATE Broker: _______________________________________________.
              who is [ ] an agent of __________________________________________.

 BUYER ( JRP ) (    ) SELLER ( CMP ) (    ) acknowledges receipt of this page.

CC-2(R) 1997 Florida Association of Realtors(R). All rights reserved. Licensed
to Alta Star Software. User Reg# S1445317C

Software and Added Formatting Copyright 2004 Alta Star Software, Inc. All Right
Reserved. (305) 279-8898

                                       7
<PAGE>

              [ ]  a transaction broker [ ] a nonrepresentative and who will be
              compensated by [ ] BUYER [ ] SELLER [ ] both parties pursuant to
              [ ] and MLS or other offer of compensation to a cooperating broker
              [ ] other (specify) _____________________________. (collectively
              referred to as "Broker") in connection with any act relating to
              the Property, including but not limited to inquires,
              introductions, consultations and negotiations resulting in this
              transaction. SELLER and BUYER agree to indemnify and hold Broker
              harmless from and against losses, damages, costs and expenses of
              any kind, including reasonable attorneys' fees at all levels and
              from liability to any person, arising from (1) compensation
              claimed which is inconsistent with the representation in this
              Paragraph, (2) enforcement action to collect a brokerage fee
              pursuant to Paragraph 10, (3) any duty accepted by Broker at the
              request of BUYER or SELLER, which duty is beyond the scope of
              services regulated by Chapter 475, F.S., as amended, or (4)
              recommendations of or services provided and expenses incurred by
              any third party whom Broker refers, recommends or retains for or
              on behalf of BUYER or SELLER.

13. ASSIGNABILITY; PERSONS BOUND: This Contract may be assigned to a related
entity, and otherwise [x] is not assignable [ ] is assignable. The terms
"BUYER," "SELLER" and "Broker" may be singular or plural. This Contract is
binding upon BUYER or SELLER and their heirs, personal representatives,
successors and assigns (if assignment is permitted).

14. OPTIONAL CLAUSES: (Check if any of the following clauses are applicable and
are attached as an addendum to this Contract):

<TABLE>
<CAPTION>
<S>                                <C>                                   <C>
[ ] Arbitration                    [ ] Seller Warranty                   [ ] Existing Mortgage
[ ] Section 1031 Exchange          [ ] Coastal Construction Control Line [ ] Other_______________
[ ] Property Inspection and Repair [ ] Flood Area Hazard Zone            [ ] Other_______________
[ ] Seller Representations         [ ] Seller Financing                  [ ] Other_______________
</TABLE>

15. MISCELLANEOUS: The terms of this Contract constitute the entire agreement
between BUYER and SELLER.

Modifications of this Contract will not be binding unless in writing, signed and
delivered by the party to be bound. Signatures, initials, documents referenced
in this Contract, counterparts and written modifications communicated
electronically or n paper will be acceptable for all purposes, including
delivery, and will be binding. Handwritten or typewritten terms inserted in or
attached to this contract prevail over preprinted terms. If any provision of
this Contract is or becomes invalid or unenforceable, all remaining provisions
will continue to be fully effective. This Contract will be construed under
Florida law and will not be recorded in any public records. Delivery of any
written notice to any party's agent will be deemed delivery to that party.

THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK
THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING. BROKER ADVISES BUYER AND SELLER TO
VERIFY ALL FACTS AND REPRESENTATIONS THAT ARE IMPORATANT TO THEM AND TO CONSULT
AN APPROPRIATE PROFESSIONAL FOR LEGAL ADVICE (FOR EXAMPLE, INTERPRETING
CONTRACTS, DETERMINING THE EFFECT OF LAWS ON THE PREPERTY AND TRANSACTION, STAUS
OF TITLE, FOREIGN INVESTOR REPORTING REQUIREMENTS, ETC.) AND FOR TAX, PRPERTY
CONDITION, ENVIRONMENTAL AND OTHER SPECIALIZED ADVICE. BUYER ACKNOWLEDGES THAT
BROKER DOES NOT OCCUPY THE PRPERTY AND THAT ALL REPRESENTATIONS (ORAL, WRTTEN OR
OTHERWISE) BY BROKER ARE BASED ON SELLER REPRESENTATIONS OR PUBLIC RECORDS
UNLESS BROKER INDICATES PERSONAL VERIFICATION OF THE REPRESENTATION. BUYER
AGREES TO RELY SOLEY ON SELLER, PROFESSIONAL INPECTORS AND GOVERNMENATL AGENCIES
FOR VERIFICATION OF THE PROPERTY CONDITION, SQUARE FOOTAGE AND FACTS THAT
MATERIALLY AFFECT PROPERTY VALUE.

DEPOSIT RECEIPT: Deposit of $500,000.00
By [x] ________ check [ ] other ____________________ received on ______________,
By _____________________________________________________________________________
   Signature of Escrow Agent
OFFER: BUYER to purchase the Property on the above terms and conditions. Unless
acceptance is signed by SELLER and a signed copy delivered to BUYER or BUYER'S
agent no later than _______________ [ ] a.m. [ ] p.m. on ____________________,
BUYER may revoke this offer and receive a refund of all deposits.

F & J FARMS, LLC, A FLORIDA LIMITED LIABILITY COMPANY, AND/OR PERMITTED ASSIGNS

 BUYER ( JRP ) (    ) SELLER ( CMP ) (    ) acknowledges receipt of this page.

CC-2(R) 1997 Florida Association of Realtors(R). All rights reserved. Licensed
to Alta Star Software. User Reg# S1445317C

Software and Added Formatting Copyright 2004 Alta Star Software, Inc. All Right
Reserved. (305) 279-8898

                                       8
<PAGE>

Date: 10-30-2006      BUYER /s/Jesus R. Puentes       Tax ID No:
      ---------------       -------------------------            ---------------
     Title:________________ Telephone:_______________ Facsimile:________________
     Address:___________________________________________________________________

Date:                 BUYER                           Tax ID No:
      ---------------       -------------------------            ---------------
     Title:________________ Telephone:_______________ Facsimile:________________
     Address:___________________________________________________________________

ACCEPTANCE: SELLER accepts BUYER'S offer and agrees to sell the Property on the
above terms and conditions ( [ ] subject to the attached counter offer).

Date: 10-30-2006      BUYER /s/Claudia M. Pieropan    Tax ID No: 33-0411319
      ---------------       -------------------------            ---------------
     Title: CFO             Telephone: (949) 936-8340 Facsimile:
            ---------------            --------------            ---------------
     Address: 12621 Jeffrey Road, Irvine, CA  92620
              ------------------------------------------------------------------

Date:                 BUYER                           Tax ID No:
      ---------------       -------------------------            ---------------
     Title:________________ Telephone:_______________ Facsimile:________________
     Address:___________________________________________________________________

 BUYER ( JRP ) (    ) SELLER ( CMP ) (    ) acknowledges receipt of this page.

The Florida Association of Realtors and local Board/Association of Realtors make
no representation as to the legal validity or adequacy of any provision of this
form in any specific transaction. This standardized form should not be used in
complex transactions or with extensive riders or additions. This form is
available for use by the entire real estate industry and is not intended to
identify the user as a Realtor. Realtor is a registered collective membership
mark that may be used only by real estate licensees who are members of the
National Association of Realtors and who subscribe to its Code of Ethics.

The copyright laws of the United States (17 U.S. Code) forbid the unauthorized
reproduction of blank forms by any means including facsimile or computerized
forms.

CC-2(R) 1997 Florida Association of Realtors(R). All rights reserved. Licensed
to Alta Star Software. User Reg# S1445317C

Software and Added Formatting Copyright 2004 Alta Star Software, Inc. All Right
Reserved. (305) 279-8898

                                       9
<PAGE>

                         ADDENDUM TO COMMERCIAL CONTRACT

         THIS ADDENDUM (the "Addendum") is being executed simultaneously with,
in consideration of, and as part of the foregoing Commercial Contract (the
"Contract") by and between F & J FARMS, LLC, A FLORIDA LIMITED LIABILITY
COMPANY, AND/OR PERMITTED ASSIGNS, as Buyer, and HINES NURSERIES, INC., A
CALIFORNIA CORPORATION, as Seller, in connection with the purchase and sale of
the real and personal property referenced in the Contract (the "Property"). The
parties hereby expressly agree as follows:

              1. Unless the context otherwise requires, all initial capitalized
terms used but not defined in this Addendum shall have the meaning or meanings
given to such terms in the Contract. This Addendum shall be deemed a part of,
but shall take precedence over and supersede any provisions to the contrary
contained in the Contract, including handwritten changes. All references in the
Contract or this Addendum to the Contract shall be deemed to refer to the
Contract as modified by this Addendum, unless the context otherwise requires.

              2. The parties acknowledge and agree that the Seller may solicit
"back-up" offers for the sale of the Property.

              3. Sections 4(a) (b) and (c) of the Contract are hereby deleted in
their entirety and replaced with the following:

                   TITLE: Within three (3) days of the Effective Date, Seller
                   shall cause a local title insurance company (the "TITLE
                   COMPANY") to issue and deliver to Buyer a title commitment
                   ("TITLE COMMITMENT") in the amount of the Purchase Price.
                   Buyer shall have until 5:00 p.m. Eastern Standard Time on
                   December 1, 2006 (the "TITLE CONTINGENCY DATE") to review and
                   approve (a) the Title Commitment and all supplements thereto
                   delivered to Buyer prior to the Title Contingency Date, and
                   all exceptions to title referred to therein, (b) all
                   additional matters, if any, affecting title to the Property
                   disclosed by Seller to Buyer in writing, and (c) all matters
                   which would be disclosed by an ALTA survey of the Property
                   prepared in accordance with the 1999 Minimum Detail
                   Requirements for ALTA/ACSM Land Title Surveys (or, if Buyer
                   obtains an ALTA survey, as disclosed in such survey)
                   ("ALTA/ACSM REQUIREMENTS") (collectively, "TITLE AND SURVEY
                   MATTERS"). Unless Buyer gives written notice to the Escrow
                   Agent and Seller ("TITLE APPROVAL NOTICE") that it
                   disapproves of (or subject to the provisions of the
                   immediately following sentence) any of the Title and Survey
                   Matters on or before the Title Contingency Date, Buyer shall
                   be deemed to have approved all of the Title and Survey
                   Matters. In the event Buyer desires to approve some, but not
                   all, of the Title and Survey Matters, Buyer shall list all
                   Title and Survey Matters so disapproved ("DISAPPROVED
                   EXCEPTIONS") in the Title Approval Notice delivered on or
                   before the Title Contingency Date; all Title and Survey
                   Matters not so disapproved in such Title Approval Notice
                   shall automatically be deemed approved by Buyer.
                   Notwithstanding the foregoing, all deeds of trust, judgments,
                   mechanics and other monetary liens in each case caused by
                   Seller (other than non-delinquent real property taxes and
                   assessments) shall be removed by Seller at the Closing Date
                   regardless of whether Buyer objects to same. If Buyer
                   disapproves of one or more of the Title and Survey Matters,
                   Seller shall have a five (5) day period after its receipt of
                   Buyer's Title Approval Notice within which to notify Buyer in
                   writing (which writing shall describe the response selected)
                   of its intention to remove prior to the Closing Date the
                   Disapproved Exceptions (Seller having the right but not the
                   obligation to do so). If for any reason, within such five (5)
                   day period, Seller does not provide Buyer with such notice,
                   Seller shall be deemed to have elected to not remove (or

                                       10
<PAGE>

                   obtain such endorsements for) such Disapproved Exceptions. If
                   Seller does not agree, or is deemed not to have agreed, to so
                   remove any Disapproved Exceptions, then Buyer shall have the
                   right either to waive such Disapproved Exceptions or to
                   terminate this Contract by delivery of written notice to
                   Seller and Escrow Agent within three (3) days after the
                   expiration of such five (5) day period ("WAIVER NOTICE").
                   Buyer's failure to deliver to Seller and Escrow Agent the
                   Waiver Notice within such three (3) day period shall be
                   conclusively deemed Buyer's election waive such Disapproved
                   Exceptions and proceed to closing. In the event this Contract
                   terminates in accordance with this Section, the obligations
                   of Seller to sell, and Buyer to buy, the Property as provided
                   herein, and each of the parties' obligations under this
                   Contract, except for those obligations hereunder which are
                   specifically stated to survive such a termination, shall
                   terminate. Seller and Buyer shall have no further obligation
                   in connection herewith. Upon termination of this Contract
                   pursuant to this Section, Buyer shall pay all of Escrow
                   Agent's and Title Company's cancellation fees, the Deposit
                   shall be immediately returned to Buyer, all due diligence
                   materials provided by Seller shall be promptly delivered by
                   Buyer to Seller, and Buyer shall promptly deliver to Seller
                   all entitlement materials, applicants and agreements, all
                   surveys, appraisals, investigative reports and other written
                   materials developed by (or for the benefit of) Buyer
                   (excluding marketing and economic feasibility studies and
                   reports, internal correspondence and communications and other
                   confidential or proprietary information and materials) in
                   connection with its due diligence review as set forth in this
                   Contract.

                   EXCEPTIONS TO TITLE. Buyer shall be obligated to accept title
                   to the Property subject only to the following exceptions to
                   title (collectively, the "PERMITTED EXCEPTIONS"): (a) real
                   estate taxes and assessments not then delinquent; (b) the
                   printed exceptions which appear in the owner's title policy
                   issued by the Title Company; (c) all Title and Survey Matters
                   approved by Buyer pursuant to this Contract; and (d) any
                   matters affecting the Property which are created by or with
                   the consent of Buyer, including, without limitation, any
                   matters relating to entitlements sought by Buyer prior to the
                   Closing Date. Buyer shall be responsible for charges for its
                   owner's title policy (and any endorsements) and the cost of
                   any survey prepared in connection herewith.

              4. Except as otherwise expressly provided in this Contract, Buyer
hereby acknowledges and agrees that the sale of the Property hereunder is and
will be made on an "AS IS, WHERE IS" BASIS AND WITH ALL FAULTS AND THAT SELLER
HAS NOT MADE, DOES NOT MAKE AND SPECIFICALLY NEGATES AND DISCLAIMS ANY
REPRESENTATIONS, WARRANTIES OR GUARANTIES OF ANY KIND OR CHARACTER WHATSOEVER,
WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT, FUTURE OR OTHERWISE,
OF, AS TO, CONCERNING OR WITH RESPECT TO, THE PROPERTY, INCLUDING, WITHOUT
LIMITATION, (1) ENVIRONMENTAL MATTERS RELATING TO THE PROPERTY OR ANY PORTION
THEREOF, (2) SURFACE AND SUBSURFACE GEOLOGICAL AND SOILS CONDITIONS, (3) WHETHER
OR NOT AND TO THE EXTENT TO WHICH THE PROPERTY OR ANY PORTION THEREOF IS
AFFECTED BY ANY WATER, FLOOD HAZARD OR FLOOD LIKELIHOOD, (4) DRAINAGE ISSUES,
CONDITIONS OR PROBLEMS, (5) THE AVAILABILITY OF ANY UTILITIES TO THE PROPERTY OR
ANY PORTION THEREOF, (6) USAGES OF ADJOINING PROPERTY, (7) ACCESS TO THE
PROPERTY OR ANY PORTION THEREOF, (8) THE VALUE, SIZE, LOCATION, AGE, USE,
DESIGN, QUALITY, DESCRIPTION, DURABILITY, STRUCTURAL INTEGRITY, OPERATION, TITLE
TO, OR PHYSICAL CONDITION OF THE PROPERTY OR ANY INCOME, EXPENSES, CHARGES,
LIENS, ENCUMBRANCES, RIGHTS, OR CLAIMS ON OR AFFECTING, OR PERTAINING TO, THE
PROPERTY OR ANY PART THEREOF, (9) THE PRESENCE OF HAZARDOUS MATERIALS OR
SUBSTANCES IN OR ON, UNDER OR IN THE VICINITY OF THE PROPERTY, (10) THE
CONDITION OR CURRENT OR POTENTIAL USE OF THE PROPERTY OR COMPLIANCE OF THE
PROPERTY WITH ANY OR ALL PAST, PRESENT OR FUTURE FEDERAL, STATE OR LOCAL
ORDINANCES, RULES, REGULATIONS OR LAWS, BUILDING, FIRE OR ZONING ORDINANCES,
CODES OR OTHER SIMILAR LAWS, (11) THE EXISTENCE OR NON-EXISTENCE OF UNDERGROUND
STORAGE TANKS, OR (12) THE MERCHANTABILITY OF THE PROPERTY OR FITNESS OF THE
PROPERTY FOR ANY PARTICULAR PURPOSE (BUYER AFFIRMING THAT BUYER HAS NOT RELIED
ON SELLER'S SKILL OR JUDGMENT TO SELECT OR FURNISH PROPERTY FOR ANY PARTICULAR
PURPOSE, AND THAT SELLER MAKES NO WARRANTY THAT THE PROPERTY IS FIT FOR ANY

                                       11
<PAGE>

PARTICULAR PURPOSE). Buyer further acknowledges and agrees that any information
provided or to be provided with respect to the Property including, without
limitation, the due diligence materials, was obtained from a variety of sources
and that, except as expressly set forth in this Contract, Seller has not made
any independent investigation or verification of such information and makes no
representations as to the accuracy or completeness of such information. Seller
shall not be liable for any failure to investigate the Property nor shall Seller
be bound in any manner by any verbal or written statements, representations,
appraisals, environmental assessment reports, or other information pertaining to
the Property or the operation thereof, furnished by Seller or by any real estate
broker, attorney, agent, representative, employee, servant or other person
acting on Seller's behalf, except for the express representations and warranties
of Seller set forth in this Contract. It is expressly understood and agreed that
the amount of the Purchase Price reflects, and the Property is being sold by
Seller and purchased by Buyer subject to, the foregoing disclaimers, which shall
survive the Closing.

              5. The following language shall be added to the end of Section
10(b):

                 "The parties understand and agree that (i) actual damages
                 would be difficult or impossible to ascertain in the event of
                 such default or breach, and (ii) the sum specified as
                 liquidated damages is a reasonable estimation of the probable
                 loss which would be sustained by the Seller by reason of such
                 default or breach and is not a penalty or forfeiture."

              6. Buyer may not assign or transfer its rights or obligations
under this Contract without the prior written consent of Seller (in which event
such transferee shall assume in writing all of the transferor's obligations
hereunder, but such transferor shall not be released from its obligations
hereunder), which consent may be withheld in the sole discretion of Seller;
provided, however, that notwithstanding any provision of this Contract to the
contrary, prior to the Closing, Buyer shall be permitted to (i) assign its
rights under this Contract (without obtaining Seller's consent) to an
"Affiliate" of Buyer or (ii) to delegate a third party to be the recipient of
the Deed, provided that (a) any such assignment or delegation shall be in
writing delivered to Seller at least five (5) days prior to the Closing Date,
and (b) any assignee or delegate shall be deemed to have received all of the Due
Diligence Materials and any other materials received by Buyer in relation to the
Property and made all waivers and accepted all agreements as provided herein;
provided further, however, that no such permitted assignment or delegation shall
release the Buyer from its obligations hereunder. No consent given by Seller to
any transfer or assignment of Buyer's rights or obligations hereunder shall be
construed as a consent to any other transfer or assignment of Buyer's rights or
obligations hereunder. No transfer or assignment in violation of the provisions
hereof shall be valid or enforceable. Subject to the foregoing, this Contract
and the terms and provisions hereof shall inure to the benefit of and be binding
upon the successors and assigns of the parties. As used herein, the term
"AFFILIATE" shall mean and refer to an entity which is directly or indirectly
controlling, controlled by, or under common control with Buyer.

              7. CONFIDENTIALITY. All non-public information provided by Seller
to Buyer with respect to the Property or Seller's nursery business operations
thereon, shall remain confidential and shall not be disclosed by Buyer without
the prior written consent of the Seller except (a) to Buyer's directors,
officers, employees, legal counsel, engineers, and similar professionals and
consultants but only to the extent reasonably necessary in connection with the
transaction contemplated hereunder (and Buyer shall inform each of the foregoing
parties of Buyer's obligations under this paragraph and shall secure the
agreement of such parties to be bound by the terms hereof), or (b) as otherwise
required by law or to enforce terms of the Contract. If the transaction
contemplated hereby fails to close, then the confidentiality requirement set
forth and described in this Section shall be binding upon Buyer and shall
survive any termination of the Contract.

              8. The parties acknowledge and agree that this Addendum may be
executed in multiple counterparts, and transmitted via facsimile, each such
counterpart (whether transmitted via facsimile or otherwise), when executed,
shall constitute an integral part of one and the same Contract between the
parties.

              9. Except as expressly modified by this Addendum, the provisions
of the Contract are hereby expressly ratified and confirmed.

                                       12
<PAGE>

         EXECUTED as of the 30th day of October, 2006.

SELLER:                                     BUYER:

HINES NURSERIES, INC.,                      F & J FARMS, LLC,
A CALIFORNIA CORPORATION                    A FLORIDA LIMITED LIABILITY COMPANY

BY: /S/ CLAUDIA M. PIEROPAN                 BY: /S/ JESUS R. PUENTES
    -----------------------------               ---------------------------
NAME: CLAUDIA M. PIEROPAN                   NAME: JESUS R. PUENTES
      ---------------------------                 -------------------------
TITLE: CFO                                  TITLE: MANAGER
       --------------------------                  ------------------------

Witness:                                    Witness:

/s/ Bill Robertson                          /s/ Yanecid Luis     Yanecid Luis
------------------                          ----------------     ------------

Bill Robertson                              /s/ Vanessa DaLuau   Vanessa DaLuau
--------------                              ------------------   --------------

                                       13Energy East Exhibit 4-8 2006 3rd Qtr 10-Q

Exhibit 4-8

 

ENERGY EAST CORPORATION

AND

JPMORGAN CHASE BANK, N.A.

(formerly known as The Chase Manhattan Bank),

as Trustee

Eighth Supplemental Indenture

Dated as of July 24, 2006

To

Indenture

Dated as of August 31, 2000

6.75% Notes due July 15, 2036

 

          EIGHTH SUPPLEMENTAL INDENTURE, dated as of July 24, 2006 (this "Eighth Supplemental Indenture"), between ENERGY EAST CORPORATION, a corporation duly organized and existing under the laws of the State of New York (the "Company"), having its principal office at 52 Farm View Drive, New Gloucester, Maine  04260-5116 and JPMORGAN CHASE BANK, N.A. (formerly known as The Chase Manhattan Bank), a national banking association, as Trustee (the "Trustee") under the Indenture dated as of August 31, 2000 between the Company and the Trustee (the "Original Indenture").

Recitals of the Company

          WHEREAS, the Company has executed and delivered the Original Indenture to the Trustee to provide for the issuance from time to time of its senior, unsecured debentures, notes or other evidences of indebtedness (the "Securities"), to be issued in one or more series as in the Original Indenture provided;

          WHEREAS, pursuant to the terms of the Original Indenture, the Company desires to make, execute and deliver to the Trustee this Eighth Supplemental Indenture to the Original Indenture in order to establish the form and terms of, and to provide for the creation and issue of a new series of its Securities designated as the 6.75% Notes due July 15, 2036 (herein called the "Notes"), under the Original Indenture in the aggregate principal amount of $250,000,000;

          WHEREAS, all things necessary to make the Notes, when executed by the Company and authenticated and delivered by the Trustee and issued upon the terms and subject to the conditions hereinafter and in the Original Indenture set forth, against payment therefor, the valid, binding and legal obligations of the Company and to make this Eighth Supplemental Indenture a valid, binding and legal agreement of the Company, have been done;

          Now, therefore, this Eighth Supplemental Indenture Witnesseth that for, and in consideration of, the premises and covenants contained in the Original Indenture and this Eighth Supplemental Indenture and the purchase of the Notes by the Holders thereof, it is mutually agreed and covenanted, for the equal and proportionate benefit of all Holders of the Notes, as follows:

ARTICLE I.

DEFINED TERMS

          Section 1.01.  Defined Terms.  Except as otherwise expressly provided in this Eighth Supplemental Indenture or in the form of Note set forth in Exhibit A hereto or otherwise clearly required by the context hereof or thereof, all capitalized terms used and not defined herein or in said form of Note that are defined in the Original Indenture shall have the meanings assigned to them in the Original Indenture.  The Original Indenture, as supplemented from time to time, including by this Eighth Supplemental Indenture, is hereafter referred to as the "Indenture."

ARTICLE II.

TERMS OF THE NOTES

          Section 2.01.  Establishment of the Notes.  There is hereby authorized a series of Securities designated the 6.75% Notes due July 15, 2036, limited in aggregate principal amount to $250,000,000 (except as provided in Section 301(2) of the Indenture and as set forth in the next sentence).  The Company may, without the consent of the Holders of the Notes, provided that no Event of Default shall have occurred and be continuing, issue additional Notes in such principal amount as shall be determined by or pursuant to a Board Resolution and having the same ranking and the same interest rate, maturity and other terms (except for the initial interest accrual date and the initial Interest Payment Date) as the Notes originally issued hereunder, which together with said additional Notes shall constitute a single series of Securities under the Indenture.  The Notes shall be substantially in the form of Note set forth in Exhibit A hereto.

          Section 2.02.  Terms of the Notes.  The terms and provisions of the Notes as set forth in Exhibit A are hereby incorporated in and expressly made part of this Eighth Supplemental Indenture.

           The Notes will mature and the principal thereof will be due and payable, together with all accrued and unpaid interest thereon, on July 15, 2036.

           The Notes shall bear interest at the rate of 6.75% per year.

           The amount of interest payable on the Notes will be computed on the basis of a 360-day year consisting of twelve 30-day months.

           Payment of the principal of (and premium, if any) and interest on the Notes will be made at the office or agency of the Company maintained for that purpose in the Borough of Manhattan, the City and State of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts and in immediately available funds; provided, however, that at the option of the Company payment of interest may be made by wire transfer of immediately available funds to an account at a financial institution in the United States of the Person entitled thereto as such account shall be provided to the Security Registrar at least 10 days prior to the relevant payment date or by check in New York Clearinghouse Funds mailed to the address of the person entitled thereto as such address shall appear in the Security Register.

           Initially the Notes will be issued in global form registered in the name of Cede & Co. (as nominee for The Depository Trust Company ("DTC"), the initial securities depositary for the Notes), and may bear such legends as DTC may reasonably request.  So long as the Notes are held solely in global form, the Regular Record Date shall be the Business Day immediately preceding the relevant Interest Payment Date; if the Notes are registered in the names of additional Holders, the Company shall have the right to select a Regular Record Date for such Notes, which shall be at least one Business Day but not more than 60 Business Days prior to the relevant Interest Payment Date.  So long as the Notes are outstanding in global form registered in the name of DTC or its nominee, all payments of principal, premium, if any, and interest will be made by the Company in immediately available funds.

           No service charge shall be made for the registration of transfer or exchange of the Notes; provided, however, that the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with the exchange or transfer.

           The Notes shall not be superior in right of payment to, and shall rank pari passu with, all other unsecured and unsubordinated indebtedness of the Company.

           The Notes shall be issued in minimum denominations of $1,000 or any integral multiple of $1,000 over such denomination.

ARTICLE III.

SUNDRY PROVISIONS

          Section 3.01.  Execution, Authentication and Delivery of the Notes.  Notes in the aggregate principal amount of $250,000,000, or in such greater principal amount as shall be permitted by Section 2.01, may, upon execution of this Eighth Supplemental Indenture, or from time to time thereafter, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Notes upon a Company Order without any further action by the Company.

          Section 3.02.  Paying Agent and Security Registrar.  JPMorgan Chase Bank, N.A. will be the Paying Agent and Security Registrar for the Notes.

          Section 3.03.  Trustee Not Responsible for Recitals.  The recitals contained in this Eighth Supplemental Indenture shall be taken as the 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 Eighth Supplemental Indenture.

          Section 3.04.  Incorporation of Indenture.  The Original Indenture, as supplemented by this Eighth Supplemental Indenture, is in all respects ratified and confirmed, and this Eighth Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided, except that the last paragraph of Section 301 of the Original Indenture, as deemed to be incorporated into this Eighth Supplemental Indenture and to the extent relating to the Notes, shall be amended to read in its entirety as follows:

          "Unless otherwise provided, a series may be reopened, without the consent of the Holders, for increases in the aggregate principal amount of such series of Securities and issuances of additional Securities of such series."

          Section 3.05.  Governing Law.  This Eighth Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to principles of conflicts of law except Section 5-1401 of the New York General Obligations Law.

          Section 3.06.  Counterparts.  This Eighth 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 one and the same instrument.

          In Witness Whereof, the parties hereto have caused this Eighth Supplemental Indenture to be duly executed as of the day and year first above written.

	ENERGY EAST CORPORATION

	By:     /s/F. Michael McClain                          

Name:    F. Michael McClain

Title:      Vice President - Finance, Treasurer & 

               Chief Integration Officer

	JPMORGAN CHASE BANK, N.A.

(formerly known as The Chase Manhattan Bank), 

as Trustee

	 
	By:     /s/James D. Heaney                             

Name:    James D. Heaney

Title:      Vice President

EXHIBIT A

          [This Certificate is a Global Security within the meaning of the Indenture and is registered in the name of a Depositary or a nominee of a Depositary.  This Certificate is exchangeable for Securities registered in the name of a Person other than a Depositary or its nominee only in the limited circumstances described in the Indenture, and no transfer of this Certificate (other than a transfer of this Certificate as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary) may be registered except in limited circumstances.

          Unless this Certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the Company (as defined herein) or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.]* 

ENERGY EAST CORPORATION

6.75% NOTE DUE JULY 15, 2036

	
CUSIP 29266MAF6

No. _____
	
$                    

 

 

          ENERGY EAST CORPORATION, a corporation duly organized and existing under the laws of the State of New York (hereinafter referred to as the "Company," which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to [CEDE & CO.]*, or registered assigns, the principal sum of ______________________________ Dollars ($__________) on July 15, 2036 (the "Maturity Date") and to pay interest thereon in the manner and on the Interest Payment Dates set forth below at the rate of 6.75% per year, from and including the date of issuance, or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, until the principal hereof is paid or made available for payment.  The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest.  Except as provided in the Eighth Supplemental Indenture hereinafter referred to, "Regular Record Date" shall mean the January 1 and July 1 (whether or not a Business Day) next preceding such Interest Payment Date; "Interest Payment Date" shall mean January 15 and July 15 of each year, commencing January 15, 2007 to and including the Maturity Date.

                                            

*
 For inclusion in Global Securities only.

          Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

          Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or agency of the Company maintained for that purpose in the Borough of Manhattan, the City and State of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts and in immediately available funds; provided, however, that at the option of the Company payment of interest may be made by wire transfer of immediately available funds to an account at a financial institution in the United States of the Person entitled thereto as such account shall be provided to the Security Registrar at least 10 days prior to the relevant payment date or by check in New York Clearinghouse Funds mailed to the address of the person entitled thereto as such address shall appear in the Security Register.

          Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

          Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

          IN WITNESS WHEREOF, Energy East Corporation has caused this instrument to be duly executed under its corporate seal.

Dated:

	
ENERGY EAST CORPORATION

	
By:                                               

Name:

Title:

Attest:

	
By:                                               

Name:

Title:

TRUSTEE'S CERTIFICATE OF AUTHENTIFICATION

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

	
JPMORGAN CHASE BANK, N.A.

(formerly known as The Chase Manhattan Bank), as Trustee

	

	
By:                                               

     Authorized Officer

ENERGY EAST CORPORATION

6.75% NOTE DUE JULY 15, 2036

          This Security is one of a duly authorized issue of securities of the Company (the "Securities"), issued and to be issued in one or more series under an Indenture, dated as of August 31, 2000 (the "Original Indenture"), as supplemented by a First Supplemental Indenture dated as of August 31, 2000 (the "First Supplemental Indenture"), a Second Supplemental Indenture dated as of November 14, 2000 (the "Second Supplemental Indenture"), a Third Supplemental Indenture dated as of November 14, 2000 (the "Third Supplemental Indenture"), a Fourth Supplemental Indenture dated as of November 14, 2001 (the "Fourth Supplemental Indenture"), a Fifth Supplemental Indenture dated as of April 8, 2002 (the "Fifth Supplemental Indenture"), a Sixth Supplemental Indenture dated as of June 14, 2002 (the "Sixth Supplemental Indenture"), a Seventh Supplemental Indenture dated as of September 9, 2003 (the "Seventh Supplemental Indenture") and an Eighth Supplemental Indenture dated as of July 24, 2006 (the "Eighth Supplemental Indenture," and the Original Indenture, as so supplemented, the "Indenture"), between the Company and JPMorgan Chase Bank, N.A. (formerly known as The Chase Manhattan Bank), a New York banking corporation, as Trustee (the "Trustee," which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders and of the terms upon which the Securities are, and are to be, authenticated and delivered.  [This Security is a Global Security representing the aggregate principal amount of the Company's 6.75% Notes Due July 15, 2036 set forth on the face hereof.]* The Securities of this series [of which this Global Security is a part]* are limited in aggregate principal amount to $250,000,000, except as provided in the Eighth Supplemental Indenture.

          Optional Redemption. The Securities of this series are redeemable, at the option of the Company, at any time in whole, and from time to time in part, at a Redemption Price equal to the greater of:

	100% of the principal amount of the Securities of this series then Outstanding to be redeemed, or

	the sum of the present values of the remaining scheduled payments of principal and interest thereon from the Redemption Date to the Maturity Date computed by discounting such payments to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of 25 basis points plus the Adjusted Treasury Rate on the third Business Day prior to the Redemption Date, as calculated by an Independent Investment Banker,

plus, in each case, accrued and unpaid interest, if any, to the Redemption Date.

           "Adjusted Treasury Rate" means, with respect to any Redemption Date:

                                            

*
 For inclusion in Global Securities only.

	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 U.S. Treasury securities adjusted to constant maturity under the caption "Treasury Constant Maturities," for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the Remaining Life, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Adjusted Treasury Rate will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or

	if such 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 semi-annual 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 such Redemption Date.

          "Business Day" means any day other than a Saturday or Sunday or a day in which banking institutions in New York City are authorized or obligated by law or executive order to close.

          "Comparable Treasury Issue" means the U.S. Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Securities of this series 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 such Securities ("Remaining Life") or, if, in the reasonable judgment of the Independent Investment Banker, there is no such security, then the Comparable Treasury Issue will mean the U.S. Treasury security or securities selected by an Independent Investment Banker as having an actual or interpolated maturity or maturities comparable to the remaining term of the Securities.

          "Comparable Treasury Price" means (1) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.

          "Independent Investment Banker" means one of the Reference Treasury Dealers selected by the Company, or if any such firm is unwilling or unable to serve as such, an independent investment and banking institution of national standing appointed by the Company.

          "Reference Treasury Dealer" means each of (1) Banc of America Securities LLC and one other primary U.S. Government securities dealer ("Primary Treasury Dealer") selected by Wachovia Capital Markets, LLC, and their respective successors; provided that if any of the foregoing ceases to be, and has no affiliate that is, a Primary Treasury Dealer, the Company will substitute for it another Primary Treasury Dealer and (2) any two other Primary Treasury Dealers selected by the Company.

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

          The Company will mail notice of redemption at least 30 days but not more than 60 days before the applicable Redemption Date to each Holder of the Securities of this series to be redeemed. If the Company elects to partially redeem the Securities of this series, the Trustee will select in a fair and appropriate manner the Securities to be redeemed. Notwithstanding Section 1104 of the Indenture, the notice of such redemption need not set forth the Redemption Price but only the manner of calculation thereof.  The Company shall give the Trustee notice of such Redemption Price immediately after the calculation thereof.

          Upon the payment of the Redemption Price plus accrued and unpaid interest, if any, to the date of redemption, interest will cease to accrue on and after the applicable Redemption Date on the Securities or portions thereof called for redemption.

          Usury. The interest rate on the Securities of this series shall in no event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application.

          Defeasance. The Indenture contains provisions for defeasance of (a) the entire Indebtedness evidenced by this Security and (b) certain restrictive covenants upon compliance by the Company with certain conditions set forth therein.

          Events of Default. If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.

          Amendment to Indenture; Waiver of Defaults. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of all series to be affected (voting as a class).  The Indenture contains provisions permitting the Holders of not less than a majority in aggregate principal amount of the Securities of all series with respect to which a default under the Indenture shall have occurred and be continuing (voting as one class), on behalf of the Holders of all Securities of all such series, to waive certain past defaults under the Indenture and their consequences.  The Indenture also permits the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of any series, on behalf of the Holders of all Securities of such series, to waive compliance with certain provisions of the Indenture.  Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

          Obligations Unconditional. No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of (and premium, if any) and interest, if any, on this Security at the times, place and rates, and in the coin or currency, herein prescribed.

          Transfer and Exchange. [This Security shall be exchangeable for Securities registered in the names of Persons other than the Depositary with respect to such series or its nominee only as provided in Section 311 of the Original Indenture.  Securities so issued in exchange for this Security shall be of the same series, having the same interest rate, if any, and maturity and having the same terms as this Security, in authorized denominations and in the aggregate having the same principal amount as this Security and registered in such names as the Depositary for such Global Security shall direct.]* As provided in the Indenture and subject to certain limitations therein set forth, the transfer of a Security of the series of which this Security is a part is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of (and premium, if any) and interest, if any, on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.

          The Securities of this series are issuable only in registered form without coupons in minimum denominations of $1,000 or any integral multiple of $1,000 over such minimum denomination.  As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same.

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

          Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

          Governing Law. This Security shall be governed by and construed in accordance with the laws of the State of New York without regard to principles of conflict of law except Section 51401 of the New York General Obligations Law.

                                            

*
 For inclusion in Global Securities only.

          All terms used in this Security which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in the Indenture.

----------------

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned assigns and transfers this Security to:

(Insert assignee's social security or tax identification number)

(Insert address and zip code of assignee)

and irrevocably appoints                             agent to transfer this Security on the Security Register. The agent may substitute another to act for him or her.

	
Date:                                  
	 
	 	
Signature:                                                       

	 	
Signature Guarantee:                                         

(Sign exactly as your name appears on the other side of this Security)

SIGNATURE GUARANTEE

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00112-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00112-of-00352.parquet"}]]