COMMERCIAL PAPER
DEALER AGREEMENT
4(2) PROGRAM
between
CME GROUP INC., as
Issuer,
and
BANC OF AMERICA
SECURITIES LLC, as Dealer
Concerning Notes to be issued pursuant to an Issuing and Paying
Agency Agreement dated as of August 16, 2007 between the
Issuer and JPMorgan Chase Bank, National Association, as Issuing
and Paying Agent
Dated as of
August 20, 2008
1
Commercial Paper Dealer
Agreement
4(2) Program
This agreement (as amended,
supplemented or otherwise modified and in effect from time to time,
the “Agreement”) sets forth the understandings between
CME Group Inc., as issuer (the “Issuer”), and Banc of
America Securities LLC (the “Dealer”), in connection
with the issuance and sale by the Issuer of its short-term
promissory notes (the “Notes”) through the
Dealer.
Certain terms used in this
Agreement are defined in Section 6 hereof.
The Addendum to this Agreement,
and any Annexes or Exhibits described in this Agreement or such
Addendum, are hereby incorporated into this Agreement and made
fully a part hereof.
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1.
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Offers, Sales and Resales of Notes.
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1.1
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While
(i) the Issuer has and shall have no obligation to sell the
Notes to the Dealer or to permit the Dealer to arrange any sale of
the Notes for the account of the Issuer, and (ii) the Dealer
has and shall have no obligation to purchase the Notes from the
Issuer or to arrange any sale of the Notes for the account of the
Issuer, the parties hereto agree that in any case where the Dealer
purchases Notes from the Issuer, or arranges for the sale of Notes
by the Issuer, such Notes will be purchased or sold by the Dealer
in reliance on the representations, warranties, covenants and
agreements of the Issuer contained herein or made pursuant hereto
and on the terms and conditions and in the manner provided
herein.
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1.2
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So long as this
Agreement shall remain in effect, and in addition to the
limitations contained in Section 1.7 hereof, the Issuer shall
not, without the consent of the Dealer, offer, solicit or accept
offers to purchase, or sell, any Notes except (a) in
transactions with one or more dealers which may from time to time
after the date hereof become dealers with respect to the Notes by
executing with the Issuer one or more agreements which contain
provisions substantially identical to those contained in
Section 1 of this Agreement, of which the Issuer hereby
undertakes to provide the Dealer prompt notice or (b) in
transactions with the other dealers listed on the Addendum hereto,
which are executing agreements with the Issuer which contain
provisions substantially identical to Section 1 of this
Agreement contemporaneously herewith. In no event shall the Issuer
offer, solicit or accept offers to purchase, or sell, any Notes
directly on its own behalf in transactions with persons other than
broker-dealers as specifically permitted in this
Section 1.2.
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1.3
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The Notes shall
be in a minimum denomination of $250,000 or integral multiples of
$1,000 in excess thereof, will bear such interest rates, if
interest bearing, or will be sold at such discount from their face
amounts, as shall be agreed upon by the Dealer and the Issuer,
shall have a maturity not exceeding 397 days from the date of
issuance and may have such terms as are specified in Exhibit C
hereto or the Private Placement Memorandum. The Notes shall not
contain any provision for extension, renewal or automatic
“rollover.”
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1.4
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The
authentication and issuance of, and payment for, the Notes shall be
effected in accordance with the Issuing and Paying Agency
Agreement, and the Notes shall be either individual physical
certificates or book-entry notes evidenced by one or more master
notes (each, a “Master Note”) registered in the name of
The Depository Trust Company (“DTC”) or its
nominee.
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1.5
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If the Issuer
and the Dealer shall agree on the terms of the purchase of any Note
by the Dealer or the sale of any Note arranged by the Dealer
(including, but not limited to, agreement with respect to the date
of issue, purchase price, principal amount, maturity and interest
rate or interest rate index and margin (in the case of
interest-bearing Notes) or discount thereof (in the case of Notes
issued on a discount basis), and appropriate compensation for the
Dealer’s services hereunder) pursuant to this Agreement, the
Issuer shall cause such Note to be issued and delivered in
accordance with the terms of the Issuing and Paying Agency
Agreement and payment for such Note shall be made by the purchaser
thereof, either directly or through the Dealer, to the Issuing and
Paying Agent, for the account of the Issuer. Except as otherwise
agreed, in the event that the Dealer is acting as an agent of the
Issuer and a purchaser shall either fail to accept delivery of or
make payment for a Note on the date fixed for settlement, the
Dealer shall promptly notify the Issuer, and if the Dealer has
theretofore paid the Issuer for the Note, the Issuer will promptly
return such funds to the Dealer against its return of the Note to
the Issuer, in the case of a certificated Note, and upon notice of
such failure in the case of a book-entry Note. If such failure
occurred for any reason other than default by the Dealer, the
Issuer shall reimburse the Dealer on an equitable basis for the
Dealer’s loss of the use of such funds for the period such
funds were credited to the Issuer’s account.
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1.6
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The Dealer and
the Issuer hereby establish and agree to observe the following
procedures in connection with offers, sales and subsequent resales
or other transfers of the Notes:
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(a)
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Offers and
sales of the Notes by or through the Dealer shall be made by the
Dealer only to: (i) investors reasonably believed by the
Dealer to be Qualified Institutional Buyers or Institutional
Accredited Investors and (ii) non-bank fiduciaries or agents
that will be purchasing Notes for one or more accounts, each of
which is reasonably believed by the Dealer to be an Institutional
Accredited Investor.
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(b)
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Resales and
other transfers of the Notes by the holders thereof shall be made
only in accordance with the restrictions in the legend described in
clause (e) below.
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(c)
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No general
solicitation or general advertising shall be used in connection
with the offering of the Notes. Without limiting the generality of
the foregoing, the Issuer shall not issue any press release or
place or publish any “tombstone” or other advertisement
relating to the Notes without promptly providing notice to the
Dealer. The Dealer shall not issue any press release or publish any
“tombstone” or other advertisement relating to the
Notes without the prior written consent of the Issuer.
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(d)
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No sale of
Notes to any one purchaser shall be for less than $250,000
principal or face amount, and no Note shall be issued in a smaller
principal or face amount. If the purchaser is a non-bank fiduciary
acting on behalf of others, each person for whom such purchaser is
acting must purchase at least $250,000 principal or face amount of
Notes.
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(e)
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Offers and
sales of the Notes by the Issuer through the Dealer acting as agent
for the Issuer shall be made in accordance with Rule 506 under
the Securities Act, and shall be subject to the restrictions
described in the legend appearing on Exhibit A hereto. A
legend substantially to the effect of such Exhibit A shall
appear as part of the Private Placement Memorandum used in
connection with offers and sales of Notes hereunder, as well as on
each individual certificate representing a Note and each Master
Note representing book-entry Notes offered and sold pursuant to
this Agreement.
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(f)
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The Dealer
shall furnish or shall have furnished to each purchaser of Notes
for which it has acted as the Dealer a copy of the then-current
Private Placement Memorandum unless such purchaser has previously
received a copy of the Private Placement Memorandum as then in
effect. The Private Placement Memorandum shall expressly state that
any person to whom Notes are offered shall have an opportunity to
ask questions of, and receive information from, the Issuer and the
Dealer and shall provide the names, addresses and telephone numbers
of the persons from whom information regarding the Issuer may be
obtained.
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(g)
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The Issuer
agrees, for the benefit of the Dealer and each of the holders and
prospective purchasers from time to time of the Notes that, if at
any time the Issuer shall not be subject to Section 13 or
15(d) of the Exchange Act, the Issuer will furnish, upon request
and at its expense, to the Dealer and to holders and prospective
purchasers of Notes information required by Rule 144A(d)(4)(i)
in compliance with Rule 144A(d).
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(h)
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In the event
that any Note offered or to be offered by the Dealer would be
ineligible for resale under Rule 144A, the Issuer shall
immediately notify the Dealer (by telephone, confirmed in writing)
of such fact and shall promptly prepare and deliver to the Dealer
an amendment or supplement to the Private Placement Memorandum
describing the Notes that are ineligible, the reason for such
ineligibility and any other relevant information relating
thereto.
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(i)
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Dealer hereby
agrees with the Issuer not to offer or sell any Notes in a manner
that might call into question the availability of the private
offering exemption contained in Section 4(2) of the Securities
Act and Rule 144A thereunder.
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1.7
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The Issuer
hereby represents and warrants to the Dealer, in connection with
offers, sales and resales of Notes, as follows:
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(a)
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The Issuer
hereby confirms to the Dealer that within the preceding six months,
neither the Issuer nor any person other than the Dealer or the
other dealers referred to in Section 1.2 hereof acting on
behalf of the Issuer has offered or sold any Notes, or any
substantially similar security of the Issuer (including, without
limitation, medium-term notes issued by the Issuer), to, or
solicited offers to buy any such security from, any person other
than the Dealer or the other dealers referred to in
Section 1.2 hereof. The Issuer also agrees that (except as
permitted by Section 1.6(i)), as long as the Notes are being
offered for sale by the Dealer and the other dealers referred to in
Section 1.2 hereof as contemplated hereby and until at least
six months after the offer of Notes hereunder has been terminated,
neither the Issuer nor any person other than the Dealer or the
other dealers referred to in Section 1.2 hereof (except as
contemplated by Section 1.2 hereof) will offer the Notes or
any substantially similar security of the Issuer for sale to, or
solicit offers to buy any such security from, any person other than
the Dealer or the other dealers referred to in Section 1.2
hereof, it being understood that such agreement is made with a view
to bringing the offer and sale of the Notes within the exemption
provided by Section 4(2) of the Securities Act and
Rule 506 thereunder and shall survive any termination of this
Agreement. The Issuer hereby represents and warrants that it has
not taken or omitted to take, and will not take or omit to take,
any action that would cause the offering and sale of Notes
hereunder to be integrated with any other offering of securities,
whether such offering is made by the Issuer or some other party or
parties.
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(b)
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Except with
previous notification to the Dealer, the Issuer represents and
agrees that the proceeds of the sale of the Notes are not currently
contemplated to be used for the purpose of buying, carrying or
trading securities within the meaning of Regulation T and the
interpretations thereunder by the Board of Governors of the Federal
Reserve System. The Issuer will use the net proceeds from the sale
of the Notes to fund the tender offer for certain shares of the
Issuer’s common stock, fees and expenses relating to the
tender offer and to the Issuer’s merger with CBOT Holdings
Inc. and for other general corporation purposes. Except as set
forth in the preceding sentence, in the event that the Issuer
determines to use such proceeds for the purpose of buying, carrying
or trading securities, whether in connection with an acquisition of
another company or otherwise, the Issuer shall give the Dealer at
least five business days’ prior written notice to that
effect. The Issuer shall also give the Dealer prompt notice of the
actual date that it commences to purchase such securities with the
proceeds of the Notes. Thereafter, in the event that the Dealer
purchases Notes as principal and does not resell such Notes on the
day of such purchase, to the extent necessary to comply with
Regulation T and the interpretations thereunder, the Dealer
will sell such Notes either (i) only to offerees it reasonably
believes to be Qualified Institutional Buyers or to Qualified
Institutional Buyers it reasonably believes are acting for other
Qualified Institutional Buyers, in each case in accordance with
Rule 144A or (ii) in a manner which would not cause a
violation of Regulation T and the interpretations
thereunder.
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1.8
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The Dealer
hereby agrees with the Issuer that the Dealer will not offer or
sell any Notes in a manner that contradicts, in any material
respect, the Issuer Information.
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2.
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Representations and Warranties of Issuer.
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The
Issuer represents and warrants that each acceptance by the Issuer
of an offer for the purchase of Notes shall be deemed an
affirmation by the Issuer that its representations and warranties
set forth in this Article 2 are true and correct at the time
of such acceptance:
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2.1
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The Issuer is a
corporation duly organized, validly existing and in good standing
under the laws of the jurisdiction of its incorporation and has all
the requisite power and authority to execute, deliver and perform
its obligations under the Notes, this Agreement and the Issuing and
Paying Agency Agreement.
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2.2
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This Agreement
and the Issuing and Paying Agency Agreement have been duly
authorized, executed and delivered by the Issuer and constitute
legal, valid and binding obligations of the Issuer enforceable
against the Issuer in accordance with their terms, subject to
applicable bankruptcy, insolvency and similar laws affecting
creditors’ rights generally, and subject, as to
enforceability, to general principles of equity (regardless of
whether enforcement is sought in a proceeding in equity or at
law).
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2.3
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The Notes have
been duly authorized, and when issued as provided in the Issuing
and Paying Agency Agreement, will be duly and validly issued and
will constitute legal, valid and binding obligations of the Issuer
enforceable against the Issuer in accordance with their terms,
subject to applicable bankruptcy, insolvency and similar laws
affecting creditors’ rights generally, and subject, as to
enforceability, to general principles of equity (regardless of
whether enforcement is sought in a proceeding in equity or at
law).
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2.4
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The offer and
sale of the Notes in the manner contemplated hereby do not require
registration of the Notes under the Securities Act, pursuant to the
exemption from registration contained in Section 4(2) thereof,
and no indenture in respect of the Notes is required to be
qualified under the Trust Indenture Act of 1939, as
amended.
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2.5
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The Notes will
rank at least pari passu with all other unsecured and
unsubordinated indebtedness of the Issuer.
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2.6
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No consent or
action of, or filing or registration with, any governmental or
public regulatory body or authority, including the SEC, is required
to authorize, or is otherwise required in connection with the
execution, delivery or performance of, this Agreement, the Notes or
the Issuing and Paying Agency Agreement, except as may be required
by the securities or Blue Sky laws of the various states in
connection with the offer and sale of the Notes.
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2.7
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Neither the
execution and delivery of this Agreement and the Issuing and Paying
Agency Agreement, nor the issuance of the Notes in accordance with
the Issuing and Paying Agency Agreement, nor the fulfillment of or
compliance with the terms and provisions hereof or thereof by the
Issuer, will (i) result in the creation or imposition of any
mortgage, lien, charge or encumbrance of any nature whatsoever upon
any of the properties or assets of the Issuer, or (ii) violate
or result in a breach or a default under any of the terms of the
Issuer’s charter documents or by-laws, any contract or
instrument to which the Issuer is a party or by which it or its
property is bound, or any law or regulation, or any order, writ,
injunction or decree of any court or government instrumentality, to
which the Issuer is subject or by which it or its property is
bound, which breach or default might have a material adverse effect
on the ability of the Issuer to perform its obligations under this
Agreement, the Notes or the Issuing and Paying Agency
Agreement.
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2.8
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There is no
litigation or governmental proceeding pending, or to the knowledge
of the Issuer threatened, against or affecting the Issuer or any of
its subsidiaries which might result in a material adverse change in
the ability of the Issuer to perform its obligations under this
Agreement, the Notes or the Issuing and Paying Agency
Agreement.
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2.9
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The Issuer is
not an “investment company” within the meaning of the
Investment Company Act of 1940, as amended.
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2.10
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Neither the
Private Placement Memorandum nor the Issuer Information contains
any untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances under which
they were made, not misleading.
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2.11
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Each
(a) issuance of Notes by the Issuer hereunder and
(b) amendment or supplement of the Private Placement
Memorandum shall be deemed a representation and warranty by the
Issuer to the Dealer, as of the date thereof, that, both before and
after giving effect to such issuance and after giving effect to
such amendment or supplement, (i) the representations and
warranties given by the Issuer set forth in this Section 2
remain true and correct on and as of such date as if made on and as
of such date, (ii) in the case of an issuance of Notes, the
Notes being issued on such date have been duly and validly issued
and constitute legal, valid and binding obligations of the Issuer,
enforceable against the Issuer in accordance with their terms,
subject to applicable bankruptcy, insolvency and similar laws
affecting creditors’ rights generally and subject, as to
enforceability, to general principles of equity (regardless of
whether enforcement is sought in a proceeding in equity or at law),
(iii) in the case of an issuance of Notes, since the date of
the most recent Private Placement Memorandum, there has been no
material adverse change in the condition (financial or otherwise)
or operations of the Issuer which has not been disclosed to the
Dealer in writing and (iv) the Issuer is not in default of any
of its obligations hereunder, under the Notes or the Issuing and
Paying Agency Agreement.
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3.
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Covenants and Agreements of Issuer.
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The
Issuer covenants and agrees that:
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3.1
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The Issuer will
give the Dealer prompt notice (but in any event prior to any
subsequent issuance of Notes hereunder) of any amendment to,
modification of or waiver with respect to, the Notes or the Issuing
and Paying Agency Agreement, including a complete copy of any such
amendment, modification or waiver.
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3.2
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The Issuer
shall, whenever there shall occur any change in the Issuer’s
condition (financial or otherwise) or operations or any development
or occurrence in relation to the Issuer that would have a material
adverse effect on the holders of the Notes or on potential holders
of the Notes, promptly, and in any event prior to any subsequent
issuance of Notes hereunder, notify the Dealer (by telephone,
confirmed in writing) of such change, development or
occurrence.
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3.3
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The Issuer
shall from time to time furnish to the Dealer such public
information as the Dealer may reasonably request regarding
(i) the Issuer’s operations and financial condition,
(ii) the due authorization and execution of the Notes and
(iii) the Issuer’s ability to pay the Notes as they
mature.
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3.4
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The Issuer will
take all such action as the Dealer may reasonably request to ensure
that each offer and each sale of the Notes will comply with any
applicable state Blue Sky laws; provided, however, that the Issuer
shall not be obligated to file any general consent to service of
process or to qualify as a foreign corporation in any jurisdiction
in which it is not so qualified or subject itself to taxation in
respect of doing business in any jurisdiction in which it is not
otherwise so subject.
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3.5
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The Issuer will
not be in default of any of its obligations hereunder, under the
Notes or under the Issuing and Paying Agency Agreement, at any time
that any of the Notes are outstanding.
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3.6
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The Issuer
shall not issue Notes hereunder until the Dealer shall have
received (a) an opinion of counsel to the Issuer, addressed to
the Dealer, reasonably satisfactory in form and substance to the
Dealer, (b) a copy of the executed Issuing and Paying Agency
Agreement as then in effect, (c) a copy of resolutions adopted
by the Board of Directors of the Issuer, reasonably satisfactory in
form and substance to the Dealer and certified by the Secretary or
similar officer of the Issuer, authorizing execution and delivery
by the Issuer of this Agreement, the Issuing and Paying Agency
Agreement and the Notes and consummation by the Issuer of the
transactions contemplated hereby and thereby, (d) prior to the
issuance of any book-entry Notes represented by a master note
registered in the name of DTC or its nominee, a copy of the
executed Letter of Representations among the Issuer, the Issuing
and Paying Agent and DTC and of the executed master note,
(e) prior to the issuance of any Notes in physical form, a
copy of such form (unless attached to this Agreement or the Issuing
and Paying Agency Agreement), (f) confirmation of the then
current rating assigned to the Notes by each nationally recognized
statistical rating organization then rating the Notes, and
(g) such other certificates, opinions, letters and documents
as the Dealer shall have reasonably requested.
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3.7
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The Issuer
shall reimburse the Dealer for all of the Dealer’s reasonable
out-of-pocket expenses related to this Agreement, including
expenses incurred in connection with its preparation and
negotiation, and the transactions contemplated hereby (including,
but not limited to, the printing and distribution of the Private
Placement Memorandum), and, if applicable, for the reasonable fees
and out-of-pocket expenses of the Dealer’s
counsel.
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4.1
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The Private
Placement Memorandum and its contents (other than the Dealer
Information) shall be the sole responsibility of the Issuer. The
Private Placement Memorandum shall contain a statement expressly
offering an opportunity for each prospective purchaser to ask
questions of, and receive answers from, the Issuer concerning the
offering of Notes and to obtain relevant additional information
which the Issuer possesses or can acquire without unreasonable
effort or expense.
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4.2
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The Issuer
agrees to promptly furnish the Dealer the Issuer Information as it
becomes available.
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4.3
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(a) The
Issuer further agrees to notify the Dealer promptly upon the
occurrence of any event relating to or affecting the Issuer that
would cause the Issuer Information then in existence to include an
untrue statement of a material fact or to omit to state a material
fact necessary in order to make the statements contained therein,
in light of the circumstances under which they are made, not
misleading. The Dealer agrees that, upon such notification, all
solicitations and sales of Notes shall be suspended.
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(b) In the event that the Issuer gives the
Dealer notice pursuant to Section 4.3(a) and the Dealer
notifies the Issuer that it then has Notes it is holding in
inventory, the Issuer agrees promptly to supplement or amend the
Private Placement Memorandum so that the Private Placement
Memorandum, as amended or supplemented, shall not contain an untrue
statement of a material fact or omit to state a material fact
necessary in order to make the statements therein, in light of the
circumstances under which they were made, not misleading, and the
Issuer shall make such supplement or amendment available to the
Dealer.
(c) In the event that (i) the Issuer
gives the Dealer notice pursuant to Section 4.3(a),
(ii) the Dealer does not notify the Issuer that it is then
holding Notes in inventory and (iii) the Issuer chooses not to
promptly amend or supplement the Private Placement Memorandum in
the manner described in clause (b) above, then all
solicitations and sales of Notes shall be suspended until such time
as the Issuer has so amended or supplemented the Private Placement
Memorandum, and made such amendment or supplement available to the
Dealer.
(d) Without limiting the generality of
Section 4.3(a), the Issuer shall review, amend and supplement
the Private Placement Memorandum on a periodic basis, but no less
than at least once annually, to incorporate current financial
information of the Issuer to the extent necessary to ensure that
the information provided in the Private Placement Memorandum is
accurate and complete.
5. Indemnification and Contribution.
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5.1
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The Issuer will
indemnify and hold harmless the Dealer, each individual,
corporation, partnership, trust, association or other entity
controlling the Dealer, any affiliate of the Dealer or any such
controlling entity and their respective directors, officers,
employees, partners, incorporators, shareholders, servants,
trustees and agents (hereinafter the “BAS Indemnitees”)
against any and all liabilities, penalties, suits, causes of
action, losses, damages, claims, costs and expenses (including,
without limitation, reasonable fees and disbursements of counsel)
or judgments of whatever kind or nature (each a
“Claim”), imposed upon, incurred by or asserted against
the BAS Indemnitees arising out of or based upon (i) any
allegation that the Private Placement Memorandum, the Issuer
Information or any other written information provided by the Issuer
to the Dealer included (as of any relevant time) or includes an
untrue statement of a material fact or omitted (as of any relevant
time) or omits to state any material fact necessary to make the
statements therein, in light of the circumstances under which they
were made, not misleading or (ii) arising out of or based upon
the breach by the Issuer of any agreement, covenant or
representation made in or pursuant to this Agreement; provided that
this indemnification shall not apply to the extent that the Claim
arises out of or is based upon Dealer Information. For the
avoidance of doubt, it is agreed that Dealer Information consists
of the logo of the Dealer and the contact information to obtain
additional information, in each case as provided in the Private
Placement Memorandum. Notwithstanding the foregoing, it is agreed
that the obligations of the Issuer under this Section 5 shall
not extend to the Dealer’s gross negligence or willful
misconduct in the performance of its obligations under this
Agreement.
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5.2
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The Dealer will
indemnify and hold harmless the Issuer, each individual,
corporation, partnership, trust, association or other entity
controlling the Issuer, any affiliate of the Issuer or any such
controlling entity and their respective directors, officers,
employees, partners, incorporators, shareholders, servants,
trustees and agents (hereinafter the “Issuer
Indemnitees” against any Claim imposed upon, incurred by or
asserted against the Issuer Indemnitees arising out of or based
upon any allegation that the Dealer Information included (as of any
relevant time) or includes an untrue statement of a material fact
or omitted (as of any relevant time) or omits to state any material
fact necessary to make the statements therein, in light of the
circumstances under which they were made, not
misleading.
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5.3
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Provisions
relating to claims made for indemnification under this
Section 5 are set forth on Exhibit B to this
Agreement.
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5.4
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In order to
provide for just and equitable contribution in circumstances in
which the indemnification provided for in this Section 5 is
held to be unavailable or insufficient to hold harmless the
Indemnitees in respect of any Claim (although otherwise applicable
in accordance with the terms of this Section 5), the BAS
Indemnitees on the one hand, and any Issuer Indemnitees, on the
other hand, sought to be charged with any liability shall
contribute to the aggregate costs in connection with any Claim in
the proportion of their respective economic interests; provided,
however, that such contribution by the Issuer shall be in an amount
such that the aggregate costs incurred by the Dealer do not exceed
the aggregate of the commissions and fees earned by the Dealer
hereunder with respect to the issue or issues of Notes to which
such Claim relates. For purposes of this Section 5,
“economic interests” of the Issuer Indemnitees shall be
equal to the aggregate proceeds of the Notes issued in connection
with this Agreement received by the Issuer and “economic
interests” of any BAS Indemnitees shall be equal to the
aggregate commissions and fees earned by the Dealer
hereunder.
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6. Definitions.
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6.1
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“BAS
Indemnitees” shall have the meaning set forth in
Section 5.1.
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6.2
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“Claim” shall have the meaning set
forth in Section 5.1.
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6.3
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“Dealer
Information” shall mean material concerning the Dealer
provided by the Dealer in writing expressly for inclusion in the
Private Placement Memorandum.
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6.4
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“Exchange
Act” shall mean the U.S. Securities Exchange Act of 1934, as
amended.
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6.5
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“Indemnitee” shall mean a BAS
Indemnitee or an Issuer Indemnitee.
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6.6
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“Institutional Accredited Investor”
shall mean an institutional investor that is an accredited investor
within the meaning of Rule 501 under the Securities Act and
that has such knowledge and experience in financial and business
matters that it is capable of evaluating and bearing the economic
risk of an investment in the Notes, including, but not limited to,
a bank, as defined in Section 3(a)(2) of the Securities Act,
or a savings and loan association or other institution, as defined
in Section 3(a)(5)(A) of the Securities Act, whether acting in
its individual or fiduciary capacity.
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6.7
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“Issuer
Indemnitees” shall have the meaning set forth in
Section 5.2.
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6.8
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“Issuer
Information” at any given time shall mean the Private
Placement Memorandum together with, to the extent applicable,
(i) the Issuer’s most recent report on Form 10-K filed
with the SEC and each report on Form 10-Q or 8-K filed by the
Issuer with the SEC since the most recent Form 10-K, (ii) the
Issuer’s most recent annual audited financial statements and
each interim financial statement or report prepared subsequent
thereto, if not included in item (i) above, (iii) the
Issuer’s and its affiliates’ other publicly available
recent reports, including, but not limited to, any publicly
available filings or reports provided to their respective
shareholders, (iv) any other information or disclosure
prepared pursuant to Section 4.3 hereof and (v) any
information prepared or approved in writing by the Issuer for
dissemination to investors or potential investors in the
Notes.
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6.9
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“Issuing
and Paying Agency Agreement” shall mean the issuing and
paying agency agreement described on the cover page of this
Agreement, as such agreement may be amended or supplemented from
time to time.
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6.10
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“Issuing
and Paying Agent” shall mean the party designated as such on
the cover page of this Agreement, as issuing and paying agent under
the Issuing and Paying Agency Agreement, or any successor thereto
in accordance with the Issuing and Paying Agency
Agreement.
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6.11
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“Non-bank
fiduciary or agent” shall mean a fiduciary or agent other
than (a) a bank, as defined in Section 3(a)(2) of the
Securities Act, or (b) a savings and loan association, as
defined in Section 3(a)(5)(A) of the Securities
Act.
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6.12
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“Private
Placement Memorandum” shall mean offering materials prepared
in accordance with Section 4 (including materials referred to
therein or incorporated by reference therein, if any) provided to
purchasers and prospective purchasers of the Notes, and shall
include amendments and supplements thereto which may be prepared
from time to time in accordance with this Agreement (other than any
amendment or supplement that has been completely superseded by a
later amendment or supplement).
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6.13
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“Qualified Institutional Buyer”
shall have the meaning assigned to that term in Rule 144A under the
Securities Act.
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“Rule 144A” shall mean
Rule 144A under the Securities Act.
“SEC” shall mean the U.S. Securities and Exchange
Commission.
“Securities Act” shall mean the U.S. Securities Act of
1933, as amended.
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7. General
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7.1
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Unless
otherwise expressly provided herein, all notices under this
Agreement to parties hereto shall be in writing and shall be
effective when received at the address of the respective party set
forth in the Addendum to this Agreement.
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7.2
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This Agreement
shall be governed by and construed in accordance with the laws of
the State of New York.
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7.3
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(a) The
Issuer agrees that any suit, action or proceeding brought by the
Issuer against the Dealer in connection with or arising out of this
Agreement or the Notes or the offer and sale of the Notes shall be
brought solely in the United States federal courts located in the
Borough of Manhattan or the courts of the State of New York located
in the Borough of Manhattan. EACH OF THE DEALER AND THE ISSUER
WAIVES ITS RIGHT TO TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING
WITH RESPECT TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.
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(b) The Issuer hereby irrevocably accepts
and submits to the non-exclusive jurisdiction of each of the
aforesaid courts in personam, generally and unconditionally, for
itself and in respect of its properties, assets and revenues, with
respect to any suit, action or proceeding in connection with or
arising out of this Agreement or the Notes or the offer and sale of
the Notes.
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7.4
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This Agreement
may be terminated, at any time, by the Issuer, upon one business
day’s prior notice to such effect to the Dealer, or by the
Dealer upon one business day’s prior notice to such effect to
the Issuer. Any such termination, however, shall not affect the
obligations of the Issuer under Sections 3.7, 4.3, 5 and 7.3
hereof or the respective representations, warranties, agreements,
covenants, rights or responsibilities of the parties made or
arising prior to the termination of this Agreement.
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7.5
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This Agreement
is not assignable by either party hereto without the written
consent of the other party; provided, however, that the Dealer may
assign its rights and obligations under this Agreement to any
affiliate of the Dealer with the consent of the Issuer (which
consent shall not be unreasonably withheld).
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7.6
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This Agreement
may be signed in any number of counterparts, each of which shall be
an original, with the same effect as if the signatures thereto and
hereto were upon the same instrument.
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7.7
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This Agreement
is for the exclusive benefit of the parties hereto, and their
respective permitted successors and assigns hereunder, and shall
not be deemed to give any legal or equitable right, remedy or claim
to any other person whatsoever.
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