EFIH 1st Lien Indenture 2017 Notes

4/30/2014 Indenture, dated as of August 14, 2012
http://www.sec.gov/Archives/edgar/data/1023291/000119312512360931/d395794dex41.htm 1/167
EX-4.1 2 d395794dex41.htm INDENTURE, DATED AS OF AUGUST 14, 2012
Exhibit4.1
EXECUTIONVERSION

ENERGYFUTUREINTERMEDIATEHOLDINGCOMPANYLLC
AND
EFIHFINANCEINC.
6.875%SENIORSECUREDNOTESDUE2017

INDENTURE
DATEDASOFAUGUST14,2012

THEBANKOFNEWYORKMELLONTRUST
COMPANY,N.A.
TRUSTEE

CROSSREFERENCETABLE*

TrustIndentureActSection IndentureSection
310(a)(1) 7.10
(a)(2) 7.10
(a)(3) N.A.
(a)(4) N.A.
(a)(5) 7.10
(b) 7.10
(c) N.A.
311(a) 7.11
(b) 7.11
(c) N.A.
312(a) 2.05
(b) 13.03
(c) 13.03
313(a) 7.06
(b)(1) 10.06
(b)(2) 7.067.0710.06
(c) 7.0613.02
(d) 7.06
314(a)

4.034.0413.02
13.05
(b) 10.05
(c)(1) 7.0213.04
(c)(2) 7.0213.04
(c)(3) N.A.
(d) 10.06
(e) 13.05
(f) N.A.
315(a) 7.01
(b) 7.0513.02
(c) 7.01
(d) 7.01
(e) 6.14
316(a)(lastsentence) 2.09
(a)(1)(A) 6.05
(a)(1)(B) 6.04
(a)(2) N.A.
(b) 6.07
(c) 1.052.129.04
317(a)(1) 6.08
(a)(2) 6.12
(b) 2.04
318(a) 13.01
(b) N.A.
(c) 13.01

N.A. meansnotapplicable.
* ThisCrossReferenceTableisnotpartoftheIndenture.
TABLEOFCONTENTS

Page
ARTICLE1DEFINITIONSANDINCORPORATIONBYREFERENCE 1
Section1.01 Definitions 1
Section1.02 OtherDefinitions 47
Section1.03 IncorporationbyReferenceofTrustIndentureAct 47
Section1.04 RulesofConstruction 48
Section1.05 ActsofHolders 48
ARTICLE2THENOTES 50
Section2.01 FormandDatingTerms 50
Section2.02 ExecutionandAuthentication 51
Section2.03 RegistrarandPayingAgent 51
Section2.04 PayingAgenttoHoldMoneyinTrust 52
Section2.05 HolderLists 52
Section2.06 TransferandExchange 52
Section2.07 ReplacementNotes 64
Section2.08 OutstandingNotes 64
Section2.09 TreasuryNotes 64
Section2.10 TemporaryNotes 65
Section2.11 Cancellation 65
Section2.12 DefaultedCashInterest 65
Section2.13 CUSIPandISINNumbers 65
Section2.14 Listing 66
ARTICLE3REDEMPTION 66
Section3.01 NoticestoTrustee 66
Section3.02 SelectionofNotestoBeRedeemedorPurchased 66
Section3.03 NoticeofRedemption 67
Section3.04 EffectofNoticeofRedemption 67
Section3.05 DepositofRedemptionorPurchasePrice 68
Section3.06 NotesRedeemedorPurchasedinPart 68
Section3.07 OptionalRedemption 68
Section3.08 MandatoryRedemption 69
Section3.09 OfferstoRepurchasebyApplicationofExcessProceeds 69
ARTICLE4COVENANTS 71
Section4.01 PaymentofNotes 71
Section4.02 MaintenanceofOfficeorAgency 72
Section4.03 ReportsandOtherInformation 72
Section4.04 ComplianceCertificate 73
Section4.05 Taxes 73
Section4.06 Stay,ExtensionandUsuryLaws 74
Section4.07 LimitationonRestrictedPayments 74
Section4.08 DividendandOtherPaymentRestrictionsAffectingRestrictedSubsidiaries 82
Section4.09 LimitationonIncurrenceofIndebtednessandIssuanceofDisqualifiedStockandPreferredStock 83
Section4.10 AssetSales 89

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Section4.11 TransactionswithAffiliates 93
Section4.12 LimitationonLiens 95
Section4.13 CorporateExistence 96
Section4.14 OffertoRepurchaseuponChangeofControl 96
Section4.15 LimitationonGuaranteesofIndebtednessbyRestrictedSubsidiaries 98
Section4.16 LimitationsonBusinessActivitiesofEFIHFinance 99
Section4.17 [Reserved] 99
Section4.18 RestrictionsonCertainInvestmentsinOncorSubsidiariesandtheCollateral 99
Section4.19 AfterAcquiredProperty 100
Section4.20 ImpairmentofSecurityInterest 100
Section4.21 FurtherAssurances 100
ARTICLE5SUCCESSORS 101
Section5.01 Merger,Consolidation,orSaleofAllorSubstantiallyAllAssets 101
Section5.02 SuccessorCorporationSubstituted 103
ARTICLE6DEFAULTSANDREMEDIES 104
Section6.01 EventsofDefault 104
Section6.02 Acceleration 106
Section6.03 OtherRemedies 106
Section6.04 WaiverofPastDefaults 106
Section6.05 ControlbyMajority 107
Section6.06 LimitationonSuits 107
Section6.07 RightsofHoldersofNotestoReceivePayment 107
Section6.08 CollectionSuitbyTrustee 108
Section6.09 RestorationofRightsandRemedies 108
Section6.10 RightsandRemediesCumulative 108
Section6.11 DelayorOmissionNotWaiver 108
Section6.12 TrusteeMayFileProofsofClaim 108
Section6.13 Priorities 109
Section6.14 UndertakingforCosts 109
ARTICLE7TRUSTEE 109
Section7.01 DutiesofTrustee 109
Section7.02 RightsofTrustee 110
Section7.03 IndividualRightsofTrustee 111
Section7.04 TrusteesDisclaimer 111
Section7.05 NoticeofDefaults 112
Section7.06 ReportsbyTrusteetoHoldersoftheNotes 112
Section7.07 CompensationandIndemnity 112
Section7.08 ReplacementofTrustee 113
Section7.09 SuccessorTrusteebyMerger,etc. 114
Section7.10 EligibilityDisqualification 114
Section7.11 PreferentialCollectionofClaimsAgainstIssuer 114
ARTICLE8LEGALDEFEASANCEANDCOVENANTDEFEASANCE 114
Section8.01 OptiontoEffectLegalDefeasanceorCovenantDefeasance 114
Section8.02 LegalDefeasanceandDischarge 114
Section8.03 CovenantDefeasance 115
Section8.04 ConditionstoLegalorCovenantDefeasance 116

ii
Section8.05

DepositedMoneyandGovernmentSecuritiestoBeHeldinTrustOtherMiscellaneous
Provisions 117
Section8.06 RepaymenttoIssuer 117
Section8.07 Reinstatement 118
ARTICLE9AMENDMENT,SUPPLEMENTANDWAIVER 118
Section9.01 WithoutConsentofHoldersofNotes 118
Section9.02 WithConsentofHoldersofNotes 119
Section9.03 CompliancewithTrustIndentureAct 121
Section9.04 RevocationandEffectofConsents 121
Section9.05 NotationonorExchangeofNotes 121
Section9.06 TrusteetoSignAmendments,etc. 122
ARTICLE10COLLATERALANDSECURITY 122
Section10.01 EqualandRatableSharingofCollateralbyHoldersofParityLienDebt. 122
Section10.02 RankingofParityLiens 123
Section10.03 RelativeRights 123
Section10.04 SecurityDocuments 124
Section10.05 RecordingandOpinions 124
Section10.06 ReleaseofCollateral 124
Section10.07 AuthorizationofActionstoBeTakenbytheTrusteeUndertheSecurityDocuments 126
Section10.08 AuthorizationofReceiptofFundsbytheTrusteeunderthePledgeAgreement 126
Section10.09 LienSharingandPriorityConfirmation 126
Section10.10 Voting 127
Section10.11 LimitationonDutyofTrusteeinRespectofCollateralIndemnification 127
Section10.12 AssetSaleCashCollateralAccount 127
Section10.13 CollateralTrusteeaThirdPartyBeneficiary 128
ARTICLE11GUARANTEES 128
Section11.01 Guarantee 128
Section11.02 LimitationonGuarantorLiability 129
Section11.03 ExecutionandDelivery 130
Section11.04 Subrogation 130
Section11.05 BenefitsAcknowledged 130
Section11.06 ReleaseofGuarantees 131
ARTICLE12SATISFACTIONANDDISCHARGE 131
Section12.01 SatisfactionandDischarge 131
Section12.02 ApplicationofTrustMoney 132
ARTICLE13MISCELLANEOUS 133
Section13.01 TrustIndentureActControls 133
Section13.02 Notices 133
Section13.03 CommunicationbyHoldersofNoteswithOtherHoldersofNotes 134
Section13.04 CertificateandOpinionastoConditionsPrecedent 134
Section13.05 StatementsRequiredinCertificateorOpinion 135
Section13.06 RulesbyTrusteeandAgents 135
Section13.07 NoPersonalLiabilityofDirectors,Officers,EmployeesandStockholders 135

iii
Section13.08 GoverningLaw 135
Section13.09 WaiverofJuryTrial 135
Section13.10 ForceMajeure 136
Section13.11 NoAdverseInterpretationofOtherAgreements 136
Section13.12 Successors 136
Section13.13 Severability 136
Section13.14 CounterpartOriginals 136
Section13.15 TableofContents,Headings,etc. 136
Section13.16 QualificationofIndenture 136
Section13.17 RingFencingofOncor 136
EXHIBITS

ExhibitA FORMOFNOTE
ExhibitB FORMOFCERTIFICATEOFTRANSFER
ExhibitC FORMOFCERTIFICATEOFEXCHANGE
ExhibitD FORMOFSUPPLEMENTALINDENTURE

iv
INDENTUREdatedasofAugust14,2012amongEnergyFutureIntermediateHoldingCompanyLLC,aDelaware
limitedliabilitycompany(EFIH),andEFIHFinanceInc.,aDelawarecorporation(EFIHFinanceand,togetherwithEFIH,
theIssuer),andTheBankofNewYorkMellonTrustCompany,N.A.,asTrustee.
WITNESSETH
WHEREAS,theIssuerhasdulyauthorizedthecreationofanissueof$250,000,000aggregateprincipalamountof
6.875%SeniorSecuredNotesdue2017(theInitialNotes)
WHEREAS,theIssuerhasdulyauthorizedtheexecutionanddeliveryofthisIndenture
NOW,THEREFORE,theIssuerandtheTrusteeagreeasfollowsforthebenefitofeachotherandfortheequaland
ratablebenefitoftheHoldersoftheNotes.
ARTICLE1
DEFINITIONSANDINCORPORATIONBYREFERENCE
Section1.01Definitions.
144AGlobalNotemeansaGlobalNotesubstantiallyintheformofExhibitAheretobearingtheGlobalNoteLegend,
thePrivatePlacementLegendandtheTaxLegend(ifapplicable)anddepositedwithoronbehalfof,andregisteredinthe
nameof,theDepositaryoritsnomineethatwillbeissuedinadenominationequaltotheoutstandingprincipalamountofthe
NotessoldinrelianceonRule144A.
AcquiredIndebtednessmeans,withrespecttoanyspecifiedPerson,
(1)IndebtednessofanyotherPersonexistingatthetimesuchotherPersonismergedwithorintoorbecamea
RestrictedSubsidiaryofsuchspecifiedPerson,includingIndebtednessincurredinconnectionwith,orincontemplation
of,suchotherPersonmergingwithorintoorbecomingaRestrictedSubsidiaryofsuchspecifiedPerson,and
(2)IndebtednesssecuredbyaLienencumberinganyassetacquiredbysuchspecifiedPerson.
AdditionalInterestmeansalladditionalinterestthenowingpursuanttotheapplicableRegistrationRights
Agreement.
AdditionalNotesmeansadditionalNotes(otherthantheInitialNotesandExchangeNotesissuedinexchangefor
suchInitialNotes)issuedfromtimetotimeunderthisIndentureinaccordancewithSections2.01(d),2.02,4.09and4.12
hereof,aspartofthesameseriesastheInitialNotes.
AffiliateofanyspecifiedPersonmeansanyotherPersondirectlyorindirectlycontrollingorcontrolledbyorunder
directorindirectcommoncontrolwithsuchspecifiedPerson.Forpurposesofthisdefinition,control(including,with
correlativemeanings,thetermscontrolling,controlledbyandundercommoncontrolwith),asusedwithrespecttoany
Person,shallmeanthepossession,directlyorindirectly,ofthepowertodirectorcausethedirectionofthemanagementor
policiesofsuchPerson,whetherthroughtheownershipofvotingsecurities,byagreementorotherwise.
AgentmeansanyRegistrar,coregistrar,PayingAgentoradditionalpayingagent.
AgentsMessagemeansamessagetransmittedbyDTCto,andreceivedby,theDepositaryandformingapartofthe
bookentryconfirmation,whichstatesthatDTChasreceivedanexpressacknowledgmentfromeachparticipantinDTC
tenderingtheNotesthatsuchparticipantshavereceivedtheLetterofTransmittalandagreetobeboundbythetermsofthe
LetterofTransmittalandtheIssuermayenforcesuchagreementagainstsuchparticipants.
ApplicablePremiummeans,withrespecttoanyNoteonanyRedemptionDate,thegreaterof:
(1)1.0%oftheprincipalamountofsuchNoteand
(2)theexcess,ifany,of(a)thepresentvalueatsuchRedemptionDateof(i)theredemptionpriceofsuchNoteat
February15,2015(suchredemptionpriceassetforthinthetableappearingunderSection3.07(d)hereof),plus(ii)all
requiredinterestpaymentsdueonsuchNotethroughFebruary15,2015(excludingaccruedandunpaidinteresttothe
RedemptionDate),computedusingadiscountrateequaltotheTreasuryRateasofsuchRedemptionDateplus50basis
pointsover(b)theprincipalamountofsuchNote.
CalculationoftheApplicablePremiumwillbemadebytheIssueroronbehalfoftheIssuerbysuchPersonastheIssuershall
designateprovidedthatsuchcalculationorthecorrectnessthereofshallnotbeadutyorobligationoftheTrustee.
ApplicableProceduresmeans,withrespecttoanytransferorexchangeoforforbeneficialinterestsinanyGlobalNote,
therulesandproceduresoftheDepositary,Euroclearand/orClearstreamthatapplytosuchtransferorexchange.
AssetSalemeans:
(1)thesale,conveyance,transferorotherdisposition(eachreferredtointhisdefinitionasadisposition),whetherina
singletransactionoraseriesofrelatedtransactions,ofpropertyorassets(includingbywayofaSaleandLeaseBack
Transaction)ofEFIHoranyofitsRestrictedSubsidiaries(includingthedispositionofoutstandingEquityInterestsofan
UnrestrictedSubsidiaryowneddirectlybyEFIHoranyofitsRestrictedSubsidiaries)and,solelytotheextentcashorCash
EquivalentsarereceivedtherefrombyanyOncorSubsidiaryoranySuccessorOncorBusinessandarethereafterdividended,
distributedorotherwisepaidtoEFHCorp.,EFIHoranyofitsRestrictedSubsidiaries:(i)theprimaryissuanceofnewEquity
InterestsbyanyOncorSubsidiaryoranySuccessorOncorBusiness,(ii)thedispositionofoutstandingEquityInterestsofan
OncorSubsidiaryoraSuccessorOncorBusinessowneddirectlybyanotherOncorSubsidiaryorbyanotherSuccessorOncor
Businessand(iii)thedispositionofassetsowneddirectlyorindirectlybyanyOncorSubsidiaryoranySuccessorOncor
Business.Fortheavoidanceofdoubt,withrespecttoUnrestrictedSubsidiariesotherthanOncorSubsidiariesorSuccessor
OncorBusinesses,thefollowingshallnotbedeemedtobeAssetSales:(i)theprimaryissuanceofnewEquityInterestsby
anUnrestrictedSubsidiaryand(ii)salesortransfersofassetsowneddirectlybyUnrestrictedSubsidiariesor
(2)theissuanceorsaleofEquityInterestsofanyRestrictedSubsidiary,whetherinasingletransactionoraseriesof
relatedtransactions(otherthanPreferredStockofRestrictedSubsidiariesissuedincompliancewithSection4.09hereof)
ineachcase,otherthan:
(a)anydispositionofCashEquivalentsorInvestmentGradeSecuritiesorobsoleteorwornoutequipment
(includinganysuchequipmentthathasbeenrefurbishedincontemplationofsuchdisposition)intheordinarycourseof
businessoranydispositionofinventoryorgoods(orotherassets)heldforsaleintheordinarycourseofbusiness

2
(b)thedispositionofallorsubstantiallyalloftheassetsofEFIHinamannerpermittedbySection5.01hereof
(otherthanadispositionexcludedfromSection5.01bytheprovisoattheendofthefirstparagraphofSection5.01
hereof)oranydispositionthatconstitutesaChangeofControlpursuanttothisIndenture
(c)themakingofanyRestrictedPaymentorPermittedInvestmentthatispermittedtobemade,andismade,under
Section4.07hereof
(d)anydispositionofassetsorissuanceorsaleofEquityInterestsofanyRestrictedSubsidiaryinanytransactionor
seriesofrelatedtransactionswithanaggregatefairmarketvalueoflessthan$75.0million
(e)anydispositionofpropertyorassetsorissuanceofsecuritiesbyaRestrictedSubsidiarytoEFIHorbyEFIHora
RestrictedSubsidiarytoanotherRestrictedSubsidiaryprovided,howevertotheextentsuchtransferinvolvesCollateral
oranypartthereof,thetransfereeshallexecuteajoinderagreementtotheSecurityDocumentsorenterintoa
substantiallysimilarcollateraltrustorintercreditoragreementimmediatelyuponconsummationofsuchtransactionin
accordancewiththerequirementsoftheSecurityDocumentstopledgesuchtransferredCollateralforthebenefitofthe
HoldersoftheNotes
(f)exceptinthecaseofadispositionofCollateral,totheextentallowableunderSection1031oftheCodeorany
comparableorsuccessorprovision,anyexchangeoflikeproperty(excludinganybootthereon)foruseinaSimilar
Business
(g)thelease,assignmentorsubleaseofanyrealorpersonalpropertyintheordinarycourseofbusiness
(h)(i)anydispositionofEquityInterestsinanUnrestrictedSubsidiary(otherthananOncorSubsidiaryora
SuccessorOncorBusiness)and(ii)anysale,conveyance,transferorotherdispositionofEquityInterestsin,orassetsof,
anyoftheOncorSubsidiariesoraSuccessorOncorBusiness(otherthantheCollateral)totheextentnocashorCash
Equivalentsarereceivedinconnectionwithsuchsale,conveyance,transferorotherdispositionortotheextentanycash
orCashEquivalentsreceivedinconnectionwithsuchsale,conveyance,transferorotherdispositionarenotdividended,
distributedorotherwisepaidtoEFHCorp.,EFIHoranyofitsRestrictedSubsidiaries
(i)foreclosuresonassetsnotconstitutingCollateral
(j)salesofaccountsreceivable,orparticipationstherein,inconnectionwithanyReceivablesFacilityforthe
benefitofEFIHoranyofitsRestrictedSubsidiaries
(k)anyfinancingtransactionwithrespecttopropertybuiltoracquiredbyEFIHoranyRestrictedSubsidiaryafter
theIssueDate,includingSaleandLeaseBackTransactionsandassetsecuritizationspermittedbythisIndenture
(l)[IntentionallyOmitted]
(m)exceptinthecaseofadispositionofCollateral,sales,transfersandotherdispositions(i)ofInvestmentsinjoint
venturestotheextentrequiredby,ormadepursuantto,customarybuy/sellorput/callarrangementsbetweenthejoint
venturepartiessetforthinjointventurearrangementsandsimilarbindingarrangementsor(ii)tojointventuresin
connectionwiththedissolutionorterminationofajointventuretotheextentrequiredpursuanttojointventureand
similararrangements
(n)[IntentionallyOmitted]
(o)[IntentionallyOmitted]

3
(p)[IntentionallyOmitted]
(q)anyCasualtyEventprovidedthenetproceedstherefromaredeemedtobeNetProceedsandareappliedin
accordancewithSection4.10hereoforEFIHorsuchRestrictedSubsidiarydeliverstotheTrusteeaRestoration
Certificatewithrespecttoplanstoinvest(andreinvestswithin450daysfromthedateofreceiptoftheNetProceeds)
(r)theexecutionof(oramendmentto),settlementoforunwindingofanyHedgingObligationintheordinary
courseofbusiness
(s)anydispositionofmineralrights(otherthancoalandlignitemineralrights)providedthenetproceeds
therefromaredeemedtobeNetProceedsandareappliedinaccordancewithSection4.10hereof
(t)anysale,transferorotherdisposalofanyrealpropertythatis(i)primarilyusedorintendedtobeusedformining
whichhaseitherbeenreclaimed,orhasnotbeenusedformininginamannerwhichrequiresreclamation,andineither
casehasbeendeterminedbyEFIHnottobenecessaryforuseformining,(ii)usedasbufferland,butnolongerserves
suchpurposeoritsuseisrestrictedsuchthatitwillcontinuetobebufferland,or(iii)wasacquiredinconnectionwith
powergenerationfacilities,buthasbeendeterminedbyEFIHtonolongerbecommerciallysuitableforsuchpurpose
(u)[IntentionallyOmitted]
(v)dispositionsofpower,capacity,heatrate,renewableenergycredits,wastebyproducts,energy,electricity,coal
andlignite,oilandotherpetroleumbasedliquids,emissionsandotherenvironmentalcredits,ancillaryservices,fuel
(includingallformsofnuclearfuelandnaturalgas)andotherrelatedassetsorproductsofservices,includingassets
relatedtotradingactivitiesorthesaleofinventoryorcontractsrelatedtoanyoftheforegoing,ineachcaseinthe
ordinarycourseofbusiness
(w)[IntentionallyOmitted]
(x)anydispositionofassetsinconnectionwithsalvageactivitiesprovidedthenetproceedstherefromaredeemed
tobeNetProceedsandareappliedinaccordancewithSection4.10hereofand
(y)anysale,transferorotherdispositionofanyassetsrequiredbyanyGovernmentAuthorityprovidedthenet
proceedstherefromaredeemedtobeNetProceedsandareappliedinaccordancewithSection4.10hereof.
AssetSaleCashCollateralAccountmeansasegregatedaccountpledgedundertheSecurityDocumentsthatis
(i)subjecttoaperfectedsecurityinterestforthebenefitoftheholdersofSecuredLienDebt,(ii)underthesolecontrolofthe
CollateralTrustee,and(iii)freefromallotherLiens(otherthanLienspermittedtobeplacedontheCollateralpursuantto
Section4.12(b)ofthisIndenture).
AssetSaleOfferhasthemeaningsetforthinSection4.10(d)hereof.
BankruptcyCodemeansTitle11oftheUnitedStatesCode,asamended.
BankruptcyLawmeanstheBankruptcyCodeandanysimilarfederal,stateorforeignlawforthereliefofdebtors.

4
BoardofDirectorsmeans:
(1)withrespecttoacorporation,theboardofdirectorsofthecorporationoranycommitteethereofdulyauthorized
toactonbehalfofsuchboard
(2)withrespecttoapartnership,theboardofdirectorsofthegeneralpartnerofthepartnership
(3)withrespecttoalimitedliabilitycompany,themanagingmemberormembersoranycontrollingcommitteeof
managingmembersthereofand
(4)withrespecttoanyotherPerson,theboardorcommitteeofsuchPersonservingasimilarfunction.
brokerdealerhasthemeaningsetforthintheRegistrationRightsAgreement.
BusinessDaymeanseachdaywhichisnotaLegalHoliday.
CapitalStockmeans:
(1)inthecaseofacorporation,corporatestock
(2)inthecaseofanassociationorbusinessentity,anyandallshares,interests,participations,rightsorother
equivalents(howeverdesignated)ofcorporatestock
(3)inthecaseofapartnershiporlimitedliabilitycompany,partnershipormembershipinterests(whethergeneralor
limited)and
(4)anyotherinterestorparticipationthatconfersonaPersontherighttoreceiveashareoftheprofitsandlossesof,
ordistributionsofassetsof,theissuingPerson.
CapitalizedLeaseObligationmeans,atthetimeanydeterminationthereofistobemade,theamountoftheliabilityin
respectofacapitalleasethatwouldatsuchtimeberequiredtobecapitalizedandreflectedasaliabilityonabalancesheet
(excludingthefootnotesthereto)inaccordancewithGAAPprovidedthatanyobligationsexistingontheIssueDate(i)that
werenotincludedonthebalancesheetofEFIHascapitalleaseobligationsand(ii)thataresubsequentlyrecharacterizedas
capitalleaseobligationsduetoachangeinaccountingtreatmentshallforallpurposesnotbetreatedasCapitalizedLease
Obligations.
CapitalizedSoftwareExpendituresmeans,foranyperiod,theaggregateofallexpenditures(whetherpaidincashor
accruedasliabilities)byaPersonanditsRestrictedSubsidiariesduringsuchperiodinrespectofpurchasedsoftwareor
internallydevelopedsoftwareandsoftwareenhancementsthat,inconformitywithGAAP,areorarerequiredtobereflectedas
capitalizedcostsontheconsolidatedbalancesheetofaPersonanditsRestrictedSubsidiaries.
CashEquivalentsmeans:
(1)UnitedStatesdollars
(2)eurosoranynationalcurrencyofanyparticipatingmemberstateoftheEMUorsuchlocalcurrenciesheldby
EFIHanditsRestrictedSubsidiariesfromtimetotimeintheordinarycourseofbusiness

5
(3)securitiesissuedordirectlyandfullyandunconditionallyguaranteedorinsuredbytheU.S.government(orany
agencyorinstrumentalitythereofthesecuritiesofwhichareunconditionallyguaranteedasafullfaithandcredit
obligationoftheU.S.government)withmaturities,unlesssuchsecuritiesaredepositedtodefeaseIndebtedness,of24
monthsorlessfromthedateofacquisition
(4)certificatesofdeposit,timedepositsandeurodollartimedepositswithmaturitiesofoneyearorlessfromthe
dateofacquisition,bankersacceptanceswithmaturitiesnotexceedingoneyearandovernightbankdeposits,ineach
casewithanycommercialbankhavingcapitalandsurplusofnotlessthan$500.0millioninthecaseofU.S.banksand
$100.0million(ortheU.S.dollarequivalentasofthedateofdetermination)inthecaseofnonU.S.banks
(5)repurchaseobligationsforunderlyingsecuritiesofthetypesdescribedinclauses(3)and(4)enteredintowith
anyfinancialinstitutionmeetingthequalificationsspecifiedinclause(4)above
(6)commercialpaperratedatleastP1byMoodysoratleastA1byS&Pandineachcasematuringwithin24
monthsafterthedateofcreationthereof
(7)marketableshorttermmoneymarketandsimilarsecuritieshavingaratingofatleastP2orA2fromeither
MoodysorS&P,respectively(or,ifatanytimeneitherMoodysnorS&Pshallberatingsuchobligations,anequivalent
ratingfromanotherRatingAgency)andineachcasematuringwithin24monthsafterthedateofcreationthereof
(8)investmentfundsinvesting95%oftheirassetsinsecuritiesofthetypesdescribedinclauses(1)through
(7)above
(9)readilymarketabledirectobligationsissuedbyanystate,commonwealthorterritoryoftheUnitedStatesorany
politicalsubdivisionortaxingauthoritythereofhavinganInvestmentGradeRatingfromeitherMoodysorS&Pwith
maturitiesof24monthsorlessfromthedateofacquisition
(10)IndebtednessorPreferredStockissuedbyPersonswitharatingofAorhigherfromS&PorA2orhigherfrom
Moodyswithmaturitiesof24monthsorlessfromthedateofacquisitionand
(11)Investmentswithaveragematuritiesof24monthsorlessfromthedateofacquisitioninmoneymarketfunds
ratedAAA(ortheequivalentthereof)orbetterbyS&PorAaa3(ortheequivalentthereof)orbetterbyMoodys.
Notwithstandingtheforegoing,CashEquivalentsshallincludeamountsdenominatedincurrenciesotherthanthoseset
forthinclauses(1)and(2)aboveprovidedthatsuchamountsareconvertedintoanycurrencylistedinclauses(1)and(2)as
promptlyaspracticableandinanyeventwithintenBusinessDaysfollowingthereceiptofsuchamounts.
CasualtyEventmeansanytakingunderpowerofeminentdomainorsimilarproceedingandanyinsuredloss
providedthatanysuchtakingorsimilarproceedingorinsuredlossthatresultsinNetProceedsoflessthan$75.0million
shallnotbedeemedaCasualtyEvent.
ChangeofControlmeanstheoccurrenceofanyofthefollowing:
(1)thesale,leaseortransfer,inoneoraseriesofrelatedtransactions,ofallorsubstantiallyalloftheassetsofEFIH
anditsSubsidiaries,takenasawhole,orallorsubstantiallyalloftheCollateralorOncorrelatedAssets,toanyPerson
otherthanaPermittedHolder,otherthan(A)aPermittedAssetTransfermeetingtherequirementsoftheproviso
followingclause(3)ofthisdefinitionofChangeofControland(B)anyforeclosureontheCollateralprovided,

6
however,thatatransactionthatwouldotherwiseconstituteaChangeofControlpursuanttothisclause(1)shallnot
constituteaChangeofControlif:
(a)theconsiderationreceivedinrespectofsuchtransaction(i)isreceivedbyEFIHoranOncorSubsidiaryor
SuccessorOncorBusiness,asthecasemaybe,(ii)consistsofCapitalStockofaPersoninaSimilarOncorBusiness
that(A)wouldbecomeaSubsidiaryofEFIHorsuchOncorSubsidiaryorSuccessorOncorBusinessor(B)isajoint
ventureinwhichEFIHorsuchOncorSubsidiaryorSuccessorOncorBusinesswouldhaveasignificantequity
interest(asdeterminedbyEFIHingoodfaith),(iii)isatleastequaltothefairmarketvalue(asdeterminedbyEFIH
ingoodfaith)oftheassetssold,transferred,conveyedorotherwisedisposedof,and(iv)ifreceivedbyEFIH,shall
beconcurrentlypledgedasCollateralforthebenefitoftheHoldersoftheNotesandtheholdersoftheother
SecuredDebtObligations
(b)immediatelyaftersuchtransactionnoDefaultexists
(c)immediatelyaftergivingproformaeffecttosuchtransactionandanyrelatedfinancingtransactions
(including,withoutlimitation,anytransactiontheproceedsofwhichareappliedtoreducetheIndebtednessof
EFIH)asifthesamehadoccurredatthebeginningoftheapplicablefourquarterperiod,either:
(i)EFIHwouldbepermittedtoincuratleast$1.00ofadditionalIndebtednesspursuanttotheFixed
ChargeCoverageRatiotestsetforthinSection4.09(a)hereofor
(ii)suchFixedChargeCoverageRatioforEFIHanditsRestrictedSubsidiarieswouldbegreaterthan
suchFixedChargeCoverageRatioforEFIHanditsRestrictedSubsidiariesimmediatelypriortosuch
transaction
(d)theratingontheNotesshallnothavebeendowngradedbytwoormoreoftheRatingAgencies(or,ifthe
NotesareratedbyonlyoneRatingAgencyatthetimeofthefirstnoticeofsuchtransaction,suchRatingAgency)
duringtheperiodcommencing30dayspriortothefirstpublicnoticeoftheoccurrenceofsuchtransactionorthe
intentionoftheIssueroranySubsidiarythereoftoeffectsuchtransactionandendingonthedate60aftersuch
publicnoticerelativetotheratingatthestartofsuchperiodand
(e)eachGuarantor,unlessitistheotherpartytothetransaction,shallhavebyasupplementalindenture
confirmedthatitsGuaranteeandanySecurityDocumentstowhichitisapartyshallapplytosuchPersons
obligationsunderthisIndentureandtheNotes
(2)EFIHbecomesaware(bywayofareportoranyotherfilingpursuanttoSection13(d)oftheExchangeAct,
proxy,vote,writtennoticeorotherwise)oftheacquisitionbyanyPersonorgroup(withinthemeaningofSection13(d)
(3)orSection14(d)(2)oftheExchangeActoranysuccessorprovision),includinganygroupactingforthepurposeof
acquiring,holdingordisposingofsecurities(withinthemeaningofRule13d5(b)(1)undertheExchangeActorany
successorprovision),otherthanthePermittedHolders,inasingletransactionorinarelatedseriesoftransactions,by
wayofmerger,consolidationorotherbusinesscombinationorpurchaseofbeneficialownership(withinthemeaningof
Rule13d3undertheExchangeAct,oranysuccessorprovision)of50%ormoreofthetotalvotingpoweroftheVoting
StockofEFIHoranyofitsdirectorindirectparentcompaniesor

7
(3)atanytime,EFHCorp.shallceasetoown,directlyorindirectly,beneficiallyandofrecordatleastamajorityof
thetotalvotingpowerofthevotingstockofEFIH
provided,however,thataPermittedAssetTransfershallnotconstituteaChangeofControlif,
(a)inthecaseofaPermittedAssetTransferdescribedinclause(2)ofthedefinitionofPermittedAssetTransferor
aPermittedAssetTransferdescribedinclause(1)ofthedefinitionofPermittedAssetTransferbywayofmerger,wind
uporconsolidationofEFIHwithorintoanotherPerson,suchPermittedAssetTransfercomplieswithSection5.01
hereofprovidedthattheSuccessorCompanymaynotbeanOncorSubsidiary
(b)inthecaseofaPermittedAssetTransferdescribedinclause(2)ofthedefinitionofPermittedAssetTransferor
aPermittedAssetTransferdescribedinclause(1)ofthedefinitionofPermittedAssetTransferbywayofmerger,wind
uporconsolidationofEFIHwithorintoanotherPerson,theSuccessorCompanyhasassumedalltheobligationsofthe
IssuerundertheNotes,thisIndenture,theRegistrationRightsAgreementandtheSecurityDocumentstowhichthe
Issuerisapartypursuanttoagreements,ineachcase,reasonablysatisfactorytotheTrusteeandtheCollateralTrustee,in
accordancewithSection5.01hereof
(c)immediatelyaftersuchtransactionnoDefaultexists
(d)immediatelyaftergivingproformaeffecttosuchtransactionandanyrelatedfinancingtransactions(including,
withoutlimitation,anytransactiontheproceedsofwhichareappliedtoreducetheIndebtednessoftheSuccessor
CompanyorEFIH,asthecasemaybe)asifthesamehadoccurredatthebeginningoftheapplicablefourquarterperiod,
either:
(i)theSuccessorCompany,orEFIH,asthecasemaybe,wouldbepermittedtoincuratleast$1.00of
additionalIndebtednesspursuanttotheFixedChargeCoverageRatiotestdescribedinSection4.09(a)hereofor
(ii)theFixedChargeCoverageRatio(asdefinedinthisIndenture)fortheSuccessorCompanyandits
RestrictedSubsidiariesorEFIHanditsRestrictedSubsidiaries,asthecasemaybe,wouldbegreaterthansuch
FixedChargeCoverageRatioforEFIHanditsRestrictedSubsidiariesimmediatelypriortosuchtransaction
(e)theratingontheNotesshallnothavebeendowngradedbytwoormoreoftheRatingAgencies(or,iftheNotes
areratedbyonlyoneRatingAgencyatthetimeofthefirstnoticeofsuchPermittedAssetTransfer,suchRatingAgency)
duringtheperiodcommencing30dayspriortothefirstpublicnoticeoftheoccurrenceofaPermittedAssetTransferor
theintentionoftheIssueroranySubsidiarythereoftoeffectaPermittedAssetTransferandendingonthedate60days
aftersuchnoticerelativetotheratingatthestartofsuchperiodand
(f)EFIHortheSuccessorCompany,asthecasemaybe,shallhavedeliveredtotheTrusteeanOpinionofCounsel
confirmingthat,subjecttocustomaryassumptions,exclusionsandqualifications,theexistingSecurityDocuments,orto
theextentthataPermittedAssetTransferpursuanttoclause(2)ofthedefinitionthereoforbywayofmerger,windupor
consolidationofEFIHpursuanttoclause(1)ofthedefinitionthereofisbeingconsummated,theneworamended
SecurityDocumentstobeenteredintobyEFIHortheSuccessorCompany,asthecasemaybe,

8
areenforceableobligationsofEFIHortheSuccessorCompany,asthecasemaybe,createalegallyvalidandenforceable
securityinterestintheCollateralinfavoroftheCollateralTrusteeforthebenefitoftheHoldersoftheNotesandthe
otherSecuredDebtObligations,andthatthesecurityinterestsintheCollateralcreatedbytheSecurityDocumentshave
beenperfected.
Classmeans(1)inthecaseofParityLienDebt,everySeriesofParityLienDebt,takentogether,and(2)inthecaseof
JuniorLienDebt,everySeriesofJuniorLienDebt,takentogether.
ClearstreammeansClearstreamBanking,socitanonyme,anditssuccessors.
ClosingDatemeansOctober10,2007.
CodemeanstheInternalRevenueCodeof1986,asamended,oranysuccessorthereto.
Collateralmeansallassetsorproperty,nowownedorhereafteracquiredbyEFIH,totheextentsuchassetsorproperty
arepledgedorassignedorpurportedtobepledgedorassigned,orarerequiredtobepledgedorassignedundertheSecurity
DocumentstotheCollateralTrustee,togetherwiththeproceedsthereof.
CollateralAssetSaleOfferhasthemeaningsetforthunderSection4.10(h)hereof.
CollateralExcessProceedshasthemeaningsetforthunderSection4.10(h)hereof.
CollateralTrustAgreementmeanstheCollateralTrustAgreement,datedasofNovember16,2009,amongEFIH,the
trusteesfortheEFIH9.75%NotesandtheEFHCorp.9.75%Notes,anyotherParityLienRepresentativesfromtimetotime
partythereto,anyJuniorLienRepresentativesfromtimetotimePartytheretoandtheCollateralTrustee.
CollateralTrusteemeansTheBankofNewYorkMellonTrustCompany,N.A.,initscapacityasCollateralTrustee
undertheCollateralTrustAgreement,togetherwithitssuccessorsinsuchcapacity.
CollateralTrusteesLiensmeansaLiengrantedtotheCollateralTrusteeassecurityforSecuredDebtObligations.
ConsolidatedDepreciationandAmortizationExpensemeanswithrespecttoanyPersonforanyperiod,thetotal
amountofdepreciationandamortizationexpense,includingtheamortizationofdeferredfinancingfees,nuclearfuelcosts,
depletionofcoalorlignitereserves,debtissuancecosts,commissions,feesandexpensesandCapitalizedSoftware
Expenditures,ofsuchPersonanditsRestrictedSubsidiariesforsuchperiodonaconsolidatedbasisandotherwisedetermined
inaccordancewithGAAP.
ConsolidatedInterestExpensemeans,withrespecttoanyPersonforanyperiod,withoutduplication,thesumof:
(1)consolidatedinterestexpenseofsuchPersonanditsRestrictedSubsidiariesforsuchperiod,totheextentsuch
expensewasdeducted(andnotaddedback)incomputingConsolidatedNetIncome(including(a)amortizationof
originalissuediscountresultingfromtheissuanceofIndebtednessatlessthanpar,(b)allcommissions,discountsand
otherfeesandchargesowedwithrespecttolettersofcredit,bankersacceptancesoranyCollateralPostingFacilityor
similarfacilities,(c)noncashinterestpayments(butexcludinganynoncashinterestexpenseattributabletothe
movementinthemarktomarketvaluationofHedgingObligationsorotherderivativeinstrumentspursuanttoGAAP),
(d)theinterestcomponentofCapitalizedLease

9
Obligations,and(e)netpayments,ifany,pursuanttointerestrateHedgingObligationswithrespecttoIndebtedness,and
excluding(u)accretionofassetretirementobligationsandaccretionoraccrualofdiscountedliabilitiesnotconstituting
Indebtedness,(v)anyexpenseresultingfromthediscountingofanyIndebtednessinconnectionwiththeapplicationof
purchaseaccounting,(w)anyAdditionalInterestandanycomparableadditionalinterestimposedinconnectionwith
failuretoregisterothersecurities,(x)amortizationofreacquiredIndebtedness,deferredfinancingfees,debtissuance
costs,commissions,feesandexpenses,(y)anyexpensingofbridge,commitmentandotherfinancingfeesand
(z)commissions,discounts,yieldandotherfeesandcharges(includinganyinterestexpense)relatedtoanyReceivables
Facility)plus
(2)interestonIndebtednessofanotherPersonthatisguaranteedbyEFIHsolelytotheextentsuchinterestis
actuallypaidbyEFIHundersuchguaranteeplus
(3)consolidatedcapitalizedinterestofsuchPersonanditsRestrictedSubsidiariesforsuchperiod,whetherpaidor
accruedless
(4)interestincomeofsuchPersonanditsRestrictedSubsidiariesforsuchperiod.
Forpurposesofthisdefinition,interestonaCapitalizedLeaseObligationshallbedeemedtoaccrueataninterestrate
reasonablydeterminedbysuchPersontobetherateofinterestimplicitinsuchCapitalizedLeaseObligationinaccordance
withGAAP.
ConsolidatedLeverageRatioasofanydateofdetermination,meanstheratioof(x)ConsolidatedTotalIndebtedness
(treatingtheOncorSubsidiariesasRestrictedSubsidiariesforpurposesofsuchcalculation)computedasoftheendofthe
mostrecentfiscalquarterforwhichinternalfinancialstatementsareavailableimmediatelyprecedingthedateonwhichsuch
eventforwhichsuchcalculationisbeingmadeshalloccurto(y)theaggregateamountofEBITDAofEFIH(treatingthe
OncorSubsidiariesasRestrictedSubsidiariesforpurposesofsuchcalculation)fortheperiodofthemostrecentlyendedfour
fullconsecutivefiscalquartersforwhichinternalfinancialstatementsareavailableimmediatelyprecedingthedateonwhich
sucheventforwhichsuchcalculationisbeingmadeshalloccur,ineachcasewithsuchproformaadjustmentsto
ConsolidatedTotalIndebtednessandEBITDAasareappropriateandconsistentwiththeproformaadjustmentprovisionsset
forthinthedefinitionofFixedChargeCoverageRatio.
ConsolidatedNetIncomemeans,withrespecttoanyPersonforanyperiod,theaggregateoftheNetIncomeofsuch
Personforsuchperiod,onaconsolidatedbasis,andotherwisedeterminedinaccordancewithGAAPprovided,however,that,
withoutduplication,
(1)anyaftertaxeffectofextraordinary,nonrecurringorunusualgainsorlosses(lessallfeesandexpensesrelating
thereto)orexpenses(includingTransactionfeesandexpensestotheextentincurredonorpriortoDecember31,2008),
severance,relocationcosts,consolidationandclosingcosts,integrationandfacilitiesopeningcosts,business
optimizationcosts,transitioncosts,restructuringcosts,signing,retentionorcompletionbonuses,andcurtailmentsor
modificationstopensionandpostretirementemployeebenefitplansshallbeexcluded
(2)thecumulativeeffectofachangeinaccountingprinciplesduringsuchperiodshallbeexcluded
(3)anyaftertaxeffectofincome(loss)fromdisposed,abandonedordiscontinuedoperationsandanynetaftertax
gainsorlossesondisposalofdisposed,abandoned,transferred,closedordiscontinuedoperationsshallbeexcluded

10
(4)anyaftertaxeffectofgainsorlosses(lessallfeesandexpensesrelatingthereto)attributabletoasset
dispositionsorabandonmentsotherthanintheordinarycourseofbusiness,asdeterminedingoodfaithbyEFIH,shall
beexcluded
(5)theNetIncomeforsuchperiodofanyPersonthatis(a)notaSubsidiary,(b)anUnrestrictedSubsidiaryor
(c)accountedforbytheequitymethodofaccounting,shallbeexcludedprovidedthatConsolidatedNetIncomeof
EFIHshallbeincreasedbytheamountofdividendsordistributionsorotherpaymentsthatareactuallypaidincash(or
totheextentconvertedintocash)tothereferentPersonoraRestrictedSubsidiarythereofinrespectofsuchperiod,other
thandividends,distributionsorotherpaymentsfromtheOncorSubsidiariesoranySuccessorOncorBusiness(i)from
theproceedsofsalesofOncorrelatedAssetsmadeafterNovember16,2009and(ii)consistingofOncorrelatedAssets
madeafterNovember16,2009
(6)solelyforthepurposeofdeterminingtheamountavailableforRestrictedPaymentsunderclause(3)(a)of
Section4.07(a)hereof,theNetIncomeforsuchperiodofanyRestrictedSubsidiary(otherthananyGuarantor)shallbe
excludedtotheextentthatthedeclarationorpaymentofdividendsorsimilardistributionsbythatRestrictedSubsidiary
ofitsNetIncomeisnotatthedateofdeterminationwhollypermittedwithoutanypriorgovernmentalapproval(which
hasnotbeenobtained)or,directlyorindirectly,bytheoperationofthetermsofitscharteroranyagreement,instrument,
judgment,decree,order,statute,rule,orgovernmentalregulationapplicabletothatRestrictedSubsidiaryorits
stockholders,unlesssuchrestrictionwithrespecttothepaymentofdividendsorsimilardistributionshasbeenlegally
waivedorisotherwisepermittedbySection4.08hereofprovidedthatConsolidatedNetIncomeofEFIHshallbe
increasedbytheamountofdividendsorotherdistributionsorotherpaymentsactuallypaidincash(ortotheextent
convertedintocash)orCashEquivalentstoEFIHoraRestrictedSubsidiarythereofinrespectofsuchperiod,tothe
extentnotalreadyincludedtherein
(7)effectsofalladjustments(includingtheeffectsofsuchadjustmentspusheddowntoEFIHanditsRestricted
Subsidiaries)insuchPersonsconsolidatedfinancialstatementspursuanttoGAAPresultingfromtheapplicationof
purchaseaccountinginrelationtotheTransactionsoranyconsummatedacquisitionortheamortizationorwriteoffof
anyamountsthereof,netoftaxes,shallbeexcluded
(8)anynetaftertaxeffectofincome(loss)attributabletotheearlyextinguishmentofIndebtedness(otherthan
HedgingObligations)shallbeexcluded
(9)anyimpairmentchargeorassetwriteoff,including,withoutlimitation,impairmentchargesorassetwriteoffs
relatedtointangibleassets,longlivedassetsorinvestmentsindebtandequitysecurities,ineachcase,pursuantto
GAAPandtheamortizationofintangiblesarisingpursuanttoGAAPshallbeexcluded
(10)anynoncashcompensationexpenserecordedfromgrantsofstockappreciationorsimilarrights,stockoptions,
restrictedstockorotherrights,andanycashchargesassociatedwiththerollover,accelerationorpayoutofEquity
InterestsbymanagementofEFIHoranyofitsdirectorindirectparentcompaniesinconnectionwiththeTransactions,
shallbeexcluded
(11)anyfeesandexpensesincurredduringsuchperiod,oranyamortizationthereofforsuchperiod,inconnection
withanyacquisition,Investment,AssetSale,issuanceorrepaymentofIndebtedness,issuanceofEquityInterests,
refinancingtransactionoramendmentormodificationofanydebtinstrument(ineachcase,includinganysuch
transactionconsummatedpriortotheClosingDateandanysuchtransactionundertakenbutnotcompleted)andany
chargesornonrecurringmergercostsincurredduringsuchperiodasaresultofanysuchtransactionshallbeexcluded

11
(12)accrualsandreservesthatareestablishedoradjustedwithintwelvemonthsaftertheClosingDatethatareso
requiredtobeestablishedasaresultoftheTransactionsinaccordancewithGAAP,orchangesasaresultofadoptionor
modificationofaccountingpolicies,shallbeexcluded
(13)totheextentcoveredbyinsuranceandactuallyreimbursed,or,solongasEFIHhasmadeadeterminationthat
thereexistsreasonableevidencethatsuchamountshallinfactbereimbursedbytheinsurerandonlytotheextentthat
suchamountis(a)notdeniedbytheapplicablecarrierinwritingwithin180daysand(b)infactreimbursedwithin365
daysofthedateofsuchevidence(withadeductionforanyamountsoaddedbacktotheextentnotsoreimbursedwithin
365days),expenseswithrespecttoliabilityorcasualtyeventsorbusinessinterruptionshallbeexcluded
(14)anynetaftertaxeffectofunrealizedincome(loss)attributabletoHedgingObligationsorotherderivative
instrumentsshallbeexcludedand
(15)anybenefitfromanyfairmarketvalueofanycontractasrecordedonthebalancesheetatthetimeofthe
Transactionsshallbeexcluded.
Notwithstandingtheforegoing,forthepurposeofSection4.07hereofonly(otherthanclause(3)(d)ofSection4.07(a)
hereof),thereshallbeexcludedfromConsolidatedNetIncome(A)anyincomearisingfromanysaleorotherdispositionof
RestrictedInvestmentsmadebyEFIHanditsRestrictedSubsidiaries,anyrepurchasesandredemptionsofRestricted
InvestmentsfromEFIHanditsRestrictedSubsidiaries,anyrepaymentsofloansandadvanceswhichconstituteRestricted
InvestmentsbyEFIHoranyofitsRestrictedSubsidiaries,anysaleofthestockofanUnrestrictedSubsidiaryorany
distributionordividendfromanUnrestrictedSubsidiary,ineachcaseonlytotheextentsuchamountsincreasetheamountof
RestrictedPaymentspermittedunderclause(3)(d)ofSection4.07(a)hereofand(B)anyincomedescribedinparagraph(17)of
Section4.07(b)hereof.
ConsolidatedSecuredDebtRatiomeans,asofanydateofdetermination,theratioof(x)ConsolidatedSecured
Indebtednesscomputedasoftheendofthemostrecentfiscalquarterforwhichinternalfinancialstatementsareavailable
immediatelyprecedingthedateonwhichsucheventforwhichsuchcalculationisbeingmadeshalloccurto(y)theaggregate
amountofEBITDAofEFIHfortheperiodofthemostrecentlyendedfourfullconsecutivefiscalquartersforwhichinternal
financialstatementsareavailableimmediatelyprecedingthedateonwhichsucheventforwhichsuchcalculationisbeing
madeshalloccur,ineachcasewithsuchproformaadjustmentstoConsolidatedSecuredIndebtednessandEBITDAasare
appropriateandconsistentwiththeproformaadjustmentprovisionssetforthinthedefinitionofFixedChargeCoverage
Ratio.
ConsolidatedSecuredIndebtednessmeansConsolidatedTotalIndebtednesssecuredbyaLienonanyassetsofEFIH
oranyofitsRestrictedSubsidiaries.
ConsolidatedTotalIndebtednessmeans,asatanydateofdetermination,anamountequalto(1)theaggregateamount
ofalloutstandingIndebtednessofEFIHanditsRestrictedSubsidiariesonaconsolidatedbasisconsistingofIndebtednessfor
borrowedmoney,debtobligationsevidencedbypromissorynotesandsimilarinstruments,lettersofcredit(onlytotheextent
ofanyunreimburseddrawingsthereunder)andObligationsinrespectofCapitalizedLeaseObligations,plus(2)theaggregate
amountofalloutstandingDisqualifiedStockofEFIHandallDisqualifiedStockandPreferredStockofitsRestricted
Subsidiariesonaconsolidatedbasis,withtheamountofsuchDisqualifiedStockandPreferredStockequaltothegreaterof
theirrespectivevoluntaryorinvoluntaryliquidationpreferencesandmaximumfixedrepurchaseprices,ineachcase
determinedonaconsolidatedbasisinaccordancewithGAAP,less(3)theaggregateamountofallUnrestrictedCashandless
(4)allDepositL/CLoansandIncrementalDepositL/CLoansoutstandingonsuchdateofdetermination.Forpurposeshereof,
the

12
maximumfixedrepurchasepriceofanyDisqualifiedStockorPreferredStockthatdoesnothaveafixedrepurchaseprice
shallbecalculatedinaccordancewiththetermsofsuchDisqualifiedStockorPreferredStockasifsuchDisqualifiedStockor
PreferredStockwerepurchasedonanydateonwhichConsolidatedTotalIndebtednessshallberequiredtobedetermined,
andifsuchpriceisbasedupon,ormeasuredby,thefairmarketvalueofsuchDisqualifiedStockorPreferredStock,suchfair
marketvalueshallbedeterminedreasonablyandingoodfaithbyEFIH.
ContingentObligationsmeans,withrespecttoanyPerson,anyobligationofsuchPersonguaranteeinganyleases,
dividendsorotherobligationsthatdonotconstituteIndebtedness(primaryobligations)ofanyotherPerson(theprimary
obligor)inanymanner,whetherdirectlyorindirectly,including,withoutlimitation,anyobligationofsuchPerson,whether
ornotcontingent,
(1)topurchaseanysuchprimaryobligationoranypropertyconstitutingdirectorindirectsecuritytherefor,
(2)toadvanceorsupplyfunds
(a)forthepurchaseorpaymentofanysuchprimaryobligation,or
(b)tomaintainworkingcapitalorequitycapitaloftheprimaryobligororotherwisetomaintainthenetworth
orsolvencyoftheprimaryobligor,or
(3)topurchaseproperty,securitiesorservicesprimarilyforthepurposeofassuringtheownerofanysuchprimary
obligationoftheabilityoftheprimaryobligortomakepaymentofsuchprimaryobligationagainstlossinrespect
thereof.
CorporateTrustOfficeoftheTrusteeshallbeatthefirstaddressoftheTrusteespecifiedinSection13.02hereofor
suchotheraddressastowhichtheTrusteemaygivenoticetotheHoldersandtheIssuer.
CoveredCommoditymeansanyenergy,electricity,generationcapacity,power,heatrate,congestion,naturalgas,
nuclearfuel(includingenrichmentandconversion),dieselfuel,fueloil,otherpetroleumbasedliquids,coal,lignite,weather,
emissionsandotherenvironmentalcredits,wastebyproducts,renewableenergycredit,oranyotherenergyrelated
commodityorservice(includingancillaryservicesandrelatedrisks(suchaslocationbasis)).
CreditFacilitiesmeans,withrespecttoEFIHoranyofitsRestrictedSubsidiaries,oneormoredebtfacilitiesorother
financingarrangements(including,withoutlimitation,commercialpaperfacilitiesorindentures)providingforrevolving
creditloans,termloans,lettersofcreditorotherlongtermindebtedness,includinganynotes,mortgages,guarantees,
collateraldocuments,instrumentsandagreementsexecutedinconnectiontherewith,andanyamendments,supplements,
modifications,extensions,renewals,restatementsorrefundingsthereofandanyindenturesorcreditfacilitiesorcommercial
paperfacilitiesthatreplace,refundorrefinanceanypartoftheloans,notes,othercreditfacilitiesorcommitmentsthereunder,
includinganysuchreplacement,refundingorrefinancingfacilityorindenturethatincreasestheamountpermittedtobe
borrowedthereunderoraltersthematuritythereof(providedthatsuchincreaseinborrowingsispermittedunderSection4.09
hereof)oraddsRestrictedSubsidiariesasadditionalborrowersorguarantorsthereunderandwhetherbythesameoranyother
agent,lenderorgroupoflenders.
CustodianmeanstheTrustee,ascustodianwithrespecttotheNotesinglobalform,oranysuccessorentitythereto.

13
Defaultmeansanyeventthatis,orwiththepassageoftimeorthegivingofnoticeorbothwouldbe,anEventof
Default.
DefinitiveNotemeansacertificatedNoteregisteredinthenameoftheHolderthereofandissuedinaccordancewith
Section2.06hereof,substantiallyintheformofExhibitAexceptthatsuchNoteshallnotbeartheGlobalNoteLegendand
shallnothavetheScheduleofExchangesofInterestsintheGlobalNoteattachedthereto.
Depositarymeans,withrespecttotheNotesissuableorissuedinwholeorinpartinglobalform,thePersonspecified
inSection2.03hereofastheDepositarywithrespecttotheNotes,andanyandallsuccessorstheretoappointedasdepositary
hereunderandhavingbecomesuchpursuanttotheapplicableprovisionofthisIndenture.
DepositL/CLoanmeansanyDepositL/CLoansunder,andasdefinedinanyCreditFacilities.
DesignatedNoncashConsiderationmeansthefairmarketvalueofnoncashconsiderationreceivedbyEFIHora
RestrictedSubsidiaryinconnectionwithanAssetSalethatissodesignatedasDesignatedNoncashConsiderationpursuant
toanOfficersCertificate,settingforththebasisofsuchvaluation,executedbytheprincipalfinancialofficerofEFIH,lessthe
amountofcashorCashEquivalentsreceivedinconnectionwithasubsequentsaleoforcollectiononsuchDesignatedNon
cashConsideration.
DesignatedPreferredStockmeansPreferredStockofEFIHoranyparentcorporationthereof(ineachcaseotherthan
DisqualifiedStock)thatisissuedforcash(otherthantoaRestrictedSubsidiaryoranemployeestockownershipplanortrust
establishedbyEFIHoranyofitsSubsidiaries)andissodesignatedasDesignatedPreferredStock,pursuanttoanOfficers
CertificateexecutedbytheprincipalfinancialofficerofEFIHortheapplicableparentcorporationthereof,asthecasemaybe,
ontheissuancedatethereof,thecashproceedsofwhichareexcludedfromthecalculationsetforthinclause(3)of
Section4.07(a)hereof.
DisqualifiedStockmeans,withrespecttoanyPerson,anyCapitalStockofsuchPersonwhich,byitsterms,orbythe
termsofanysecurityintowhichitisconvertibleorforwhichitisputableorexchangeable,oruponthehappeningofany
event,maturesorismandatorilyredeemable(otherthansolelyasaresultofachangeofcontrolorassetsale)pursuanttoa
sinkingfundobligationorotherwise,orisredeemableattheoptionoftheholderthereof(otherthansolelyasaresultofa
changeofcontrolorassetsale),inwholeorinpart,ineachcasepriortothedate91daysaftertheearlierofthematuritydate
oftheNotesorthedatetheNotesarenolongeroutstandingprovided,however,thatifsuchCapitalStockisissuedtoany
planforthebenefitofemployeesofEFIHoritsSubsidiariesorbyanysuchplantosuchemployees,suchCapitalStockshall
notconstituteDisqualifiedStocksolelybecauseitmayberequiredtoberepurchasedbyEFIHoritsSubsidiariesinorderto
satisfyapplicablestatutoryorregulatoryobligations.
EBITDAmeans,withrespecttoanyPersonforanyperiod,theConsolidatedNetIncomeofsuchPersonforsuchperiod
(1)increased(withoutduplication)by:
(a)provisionfortaxesbasedonincomeorprofitsorcapitalgains,including,withoutlimitation,foreign,
federal,state,franchise,excise,valueaddedandsimilartaxesandforeignwithholdingtaxes(includingpenalties
andinterestrelatedtosuchtaxesorarisingfromtaxexaminations)ofsuchPersonpaidoraccruedduringsuch
period,deducted(andnotaddedback)incomputingConsolidatedNetIncomeplus

14
(b)FixedChargesofsuchPersonforsuchperiod(including(x)netlossesonHedgingObligationsorother
derivativeinstrumentsenteredintoforthepurposeofhedginginterestrateriskand(y)costsofsuretybondsin
connectionwithfinancingactivities,ineachcase,totheextentincludedinFixedCharges),togetherwithitems
excludedfromthedefinitionofConsolidatedInterestExpensepursuanttoclauses(1)(u),(v),(w),(x),(y)and
(z)ofthedefinitionthereof,and,ineachsuchcase,totheextentthesamewerededucted(andnotaddedback)in
calculatingsuchConsolidatedNetIncomeplus
(c)ConsolidatedDepreciationandAmortizationExpenseofsuchPersonforsuchperiodtotheextentthesame
wasdeducted(andnotaddedback)incomputingConsolidatedNetIncomeplus
(d)anyfees,expensesorcharges(otherthandepreciationoramortizationexpense)relatedtoanyEquity
Offering,PermittedInvestment,acquisition,disposition,recapitalizationortheincurrenceofIndebtedness
permittedtobeincurredbysuchPersonanditsRestrictedSubsidiariesunderthisIndenture(includinga
refinancingtransactionoramendmentorothermodificationofanydebtinstrument)(whetherornotsuccessful),
including(i)suchfees,expensesorchargesrelatedtotheofferingoftheInitialNotes,theofferingsofany
AdditionalNotesandExchangeNotes,theexchangeoffersrelatingtotheEFHCorp.9.75%Notes,theEFIH9.75%
Notes,theEFIH10.000%NotesandtheofferingsoftheEFHCorp.10.000%Notes,theEFIH11%Notesandthe
EFIH11.750%Notes,anyCreditFacilitiesandanyReceivablesFacility,(ii)anyamendmentorothermodification
oftheNotes,(iii)anysuchtransactionconsummatedpriortotheClosingDateandanysuchtransactionundertaken
butnotcompletedand(iv)anychargesornonrecurringmergercostsasaresultofanysuchtransaction,ineach
case,deducted(andnotaddedback)incomputingConsolidatedNetIncomeplus
(e)theamountofanyrestructuringchargeorreservededucted(andnotaddedback)insuchperiodin
computingConsolidatedNetIncome,includinganycostsincurredinconnectionwithacquisitionsafterthe
ClosingDate,costsrelatedtotheclosureand/orconsolidationoffacilitiesplus
(f)anyothernoncashcharges,includinganywriteoffsorwritedowns,reducingConsolidatedNetIncomefor
suchperiod(providedthatifanysuchnoncashchargesrepresentanaccrualorreserveforpotentialcashitemsin
anyfutureperiod,thecashpaymentinrespectthereofinsuchfutureperiodshallbesubtractedfromEBITDAto
suchextent,andexcludingamortizationofaprepaidcashitemthatwaspaidinapriorperiod)plus
(g)theamountofanyminorityinterestexpenseconsistingofSubsidiaryincomeattributabletominority
equityinterestsofthirdpartiesinanynonWhollyOwnedSubsidiarydeducted(andnotaddedback)insuchperiod
incalculatingConsolidatedNetIncomeplus
(h)theamountofmanagement,monitoring,consultingandadvisoryfeesandrelatedindemnitiesand
expensespaidinsuchperiodtotheInvestorstotheextentotherwisepermittedunderSection4.11hereofand
deducted(andnotaddedback)incalculatingConsolidatedNetIncomeplus

15
(i)theamountofnetcostsavingsprojectedbytheIssueringoodfaithtoberealizedasaresultofspecified
actionstakenortobetakenpriortoorduringsuchperiod(calculatedonaproformabasisasthoughsuchcost
savingshadbeenrealizedonthefirstdayofsuchperiodandaddedtoEBITDAuntilfullyrealized),netofthe
amountofactualbenefitsrealizedduringsuchperiodfromsuchactionsprovidedthat(w)suchcostsavingsare
reasonablyidentifiableandfactuallysupportable,(x)suchactionshavebeentakenoraretobetakenwithin12
monthsafterthedateofdeterminationtotakesuchactionandsomeportionofthebenefitisexpectedtoberealized
within12monthsoftakingsuchaction,(y)nocostsavingsshallbeaddedpursuanttothisclause(i)totheextent
duplicativeofanyexpensesorchargesrelatingtosuchcostsavingsthatareincludedinclause(e)abovewith
respecttosuchperiodand(z)theaggregateamountofcostsavingsaddedpursuanttothisclause(i)shallnot
exceed$50.0millionforanyfourconsecutivequarterperiod(whichadjustmentsmaybeincrementaltoproforma
adjustmentsmadepursuanttothesecondparagraphofthedefinitionofFixedChargeCoverageRatio)plus
(j)theamountoflossonsalesofreceivablesandrelatedassetstoanyReceivablesSubsidiaryinconnection
withaReceivablesFacilitydeducted(andnotaddedback)incalculatingConsolidatedNetIncomeplus
(k)anycostsorexpenseincurredbyEFIHoraRestrictedSubsidiarypursuanttoanymanagementequityplan
orstockoptionplanoranyothermanagementoremployeebenefitplanoragreementoranystocksubscriptionor
shareholderagreement,totheextentthatsuchcostorexpensesarefundedwithcashproceedscontributedtothe
capitalofEFIHornetcashproceedsofanissuanceofEquityInterests(otherthanDisqualifiedStock)ofEFIH(or
anydirectorindirectparentthereof)solelytotheextentthatsuchnetcashproceedsareexcludedfromthe
calculationsetforthinclause(3)ofSection4.07(a)hereofplus
(l)cashreceipts(oranynettingarrangementsresultinginincreasedcashreceipts)notaddedinarrivingat
EBITDAorConsolidatedNetIncomeinanyperiodtotheextentthenoncashgainsrelatingtosuchreceiptswere
deductedinthecalculationofEBITDApursuanttoparagraph(2)belowforanypreviousperiodandnotaddedand
(2)decreasedby(withoutduplication)(a)noncashgainsincreasingConsolidatedNetIncomeofsuchPersonfor
suchperiod,excludinganynoncashgainstotheextenttheyrepresentthereversalofanaccrualorreservefora
potentialcashitemthatreducedEBITDAinanypriorperiod,(b)cashexpenditures(oranynettingarrangements
resultinginincreasedcashexpenditures)notdeductedinarrivingatEBITDAorConsolidatedNetIncomeinanyperiod
totheextentnoncashlossesrelatingtosuchexpenditureswereaddedinthecalculationofEBITDApursuantto
paragraph(1)aboveforanypreviousperiodandnotdeducted,and(c)theamountofanyminorityinterestincome
consistingofSubsidiarylossesattributabletominorityequityinterestsofthirdpartiesinanynonWhollyOwned
SubsidiarytotheextentsuchminorityinterestincomeisincludedinConsolidatedNetIncome.
EFCHmeansEnergyFutureCompetitiveHoldingsCompany.
EFHCorp.meansEnergyFutureHoldingsCorp.,theparentofEFIH.
EFHCorp.2017NotesmeansEFHCorp.s10.875%SeniorNotesdue2017and11.250%/12.000%SeniorToggle
Notesdue2017,includingtheguaranteesthereof.

16
EFHCorp.9.75%Notesmeansthe9.75%SeniorSecuredNotesdue2019issuedbyEFHCorp.undertheEFHCorp.
9.75%NotesIndenture,includingtheguaranteesthereof.
EFHCorp.9.75%NotesIndenturemeanstheIndenture,datedasofNovember16,2009,amongEFHCorp.,EFIH,
EFCHandTheBankofNewYorkMellonTrustCompanyN.A.,underwhichtheEFHCorp.9.75%Noteswereissued.
EFHCorp.10.000%Notesmeansthe10.000%SeniorSecuredNotesdue2020issuedbyEFHCorp.undertheEFH
Corp.10.000%NotesIndenture,fromtimetotime,includingtheguaranteesthereof,andanyexchangenotesandexchange
guaranteesissuedinexchangetherefor.
EFHCorp.10.000%NotesIndenturemeanstheIndenture,datedasofJanuary12,2010,assupplemented,amongEFH
Corp.,EFIH,EFCHandTheBankofNewYorkMellonTrustCompany,N.A.,underwhichtheEFHCorp.10.000%Notes
wereissued.
EFHCorp.sRatablePortionofOncorDividendsmeanstheamountobtainedbymultiplying(a)theaggregateamount
ofcashreceivedbyEFIHbymeansofacashdividendfromtheOncorSubsidiariesafterNovember16,2009(otherthan
dividendsconstitutingproceedsfromAssetSalesofOncorrelatedAssets)by(b)afraction,thenumeratorofwhichshallbe
thesumoftheaggregateprincipalamountoftheEFHCorp.9.75%Notes,theEFHCorp.10.000%NotesandanyotherParity
LienDebtofEFHCorp.thatisguaranteedbyEFIHpursuanttoclause(2)ofSection4.09(b)hereofandthedenominatorof
whichshallbetheaggregateprincipalamountof(i)theEFHCorp.9.75%Notes,theEFHCorp.10.000%Notesandanyother
ParityLienDebtofEFHCorp.thatisguaranteedbyEFIHplus(ii)theNotes,anyAdditionalNotes,anyExchangeNotes,the
EFIH9.75%Notes,anyadditionalEFIH9.75%Notes,theEFIH10.000%Notes,anyadditionalEFIH10.000%Notesandany
otherParityLienDebtofEFIH,inthecaseofclauses(i)and(ii)incurredpursuanttoclause(2)ofSection4.09(b)hereofand
atthetimeoutstanding.
EFIHmeansEnergyFutureIntermediateHoldingCompanyLLCprovidedthatwhenusedinthecontextof
determiningthefairmarketvalueofanassetorliabilityunderthisIndenture,EFIHshallbedeemedtomeantheBoardof
DirectorsofEFIHwhenthefairmarketvalueisequaltoorinexcessof$500.0million(unlessotherwiseexpresslystated).
EFIH9.75%Notesmeansthe9.75%SeniorSecuredNotesdue2019issuedbytheIssuerundertheEFIH9.75%Notes
Indenture,includinganyguaranteesthereof.
EFIH9.75%NotesIndenturemeanstheIndenture,datedasofNovember16,2009,betweentheIssuerandTheBankof
NewYorkMellonTrustCompanyN.A.,underwhichtheEFIH9.75%Noteswereissued.
EFIH10.000%Notesmeansthe10.000%SeniorSecuredNotesdue2020issuedbytheIssuerundertheEFIH
10.000%NotesIndenture,includinganyguaranteesthereof.
EFIH10.000%NotesIndenturemeanstheIndenture,datedasofAugust17,2010,betweentheIssuerandTheBankof
NewYorkMellonTrustCompanyN.A.,underwhichtheEFIH10.000%Noteswereissued.
EFIH10.000%NotesIssueDatemeansAugust17,2010.

17
EFIH11%Notesmeansthe11%SeniorSecuredSecondLienNotesdue2021issuedbytheIssuerundertheEFIH11%
NotesIndenture,includinganyguaranteesthereof,andanyexchangenotesandexchangeguaranteesissuedinexchange
therefor.
EFIH11%NotesIndenturemeanstheIndenture,datedasofAugust25,2011,betweentheIssuerandTheBankofNew
YorkMellonTrustCompanyN.A.,asamendedandsupplementedfromtimetotime,underwhichtheEFIH11%Notesand
theEFIH11.750%Noteswereissued.
EFIH11.750%Notesmeansthe11.750%SeniorSecuredSecondLienNotesdue2022issuedbytheIssuerunderthe
EFIH11%NotesIndenture,includinganyguaranteesthereof,andanyexchangenotesandexchangeguaranteesissuedin
exchangetherefor.
EMUmeanstheeconomicandmonetaryunionascontemplatedintheTreatyonEuropeanUnion.
EnvironmentalCapExDebtmeansIndebtednessoftheIssueroranyofitsRestrictedSubsidiariesincurredforthe
purposeoffinancingEnvironmentalCapitalExpenditures.
EnvironmentalCapitalExpendituresmeanscapitalexpendituresdeemednecessarybytheIssuerorEFIHsRestricted
Subsidiariestocomplywith,orinanticipationofhavingtocomplywith,EnvironmentalLaworotherwiseundertaken
voluntarilybyEFIHoranyofitsRestrictedSubsidiariesinconnectionwithenvironmentalmatters.
EnvironmentalLawmeansanyapplicableFederal,state,foreignorlocalstatute,law,rule,regulation,ordinance,code
andruleofcommonlawnoworhereafterineffectandineachcaseasamended,andanyapplicablejudicialoradministrative
interpretationthereof,includinganyapplicablejudicialoradministrativeorder,consentdecreeorjudgment,relatingtothe
environment,humanhealthorsafetyorHazardousMaterials.
equallyandratablymeans,inreferencetosharingofLiensorproceedsthereofasbetweentheholdersofSecuredDebt
ObligationswithinthesameClassaftertherepaymentofamountspayabletotheCollateralTrusteeundertheCollateralTrust
AgreementandtheParityLienRepresentatives(andinthecaseofJuniorLienObligations,JuniorLienRepresentatives)in
accordancewiththeapplicableSecuredDebtDocumentthatsuchLiensorproceeds:
(1)shallbeallocatedanddistributedfirsttotheSecuredDebtRepresentativeforeachoutstandingSeriesofSecured
LienDebtwithinthatClass,fortheaccountoftheholdersofsuchSeriesofSecuredLienDebt,ratablyinproportionto
theprincipalof,andinterestandpremium(ifany)andreimbursementobligations(contingentorotherwise)withrespect
tolettersofcredit,ifany,outstanding(whetherornotdrawingshavebeenmadeundersuchlettersofcredit)formingpart
of,andHedgingObligationstotheextentconstitutingSecuredLienDebtpursuanttothetermsof,eachoutstanding
SeriesofSecuredLienDebtwithinthatClasswhentheallocationordistributionismadeandthereafter
(2)shallbeallocatedanddistributed(ifanyremainafterpaymentinfullofalloftheprincipalof,andinterestand
premium(ifany)andreimbursementobligations(contingentorotherwise)withrespecttolettersofcredit,ifany,
outstanding(whetherornotdrawingshavebeenmadeonsuchlettersofcredit)formingpartof,andHedging
ObligationstotheextentconstitutingSecuredIndebtednesspursuanttothetermsof,eachoutstandingSeriesofSecured
LienDebtwithinthatClass)totheSecuredDebtRepresentativeforeachoutstandingSeriesofSecuredLienDebtwithin
thatClass,fortheaccountoftheholdersofanyremainingSecuredDebtObligations

18
withinthatClass,ratablyinproportiontotheaggregateunpaidamountofsuchremainingSecuredDebtObligations
withinthatClassdueanddemanded(withwrittennoticetotheapplicableSecuredDebtRepresentativeandthe
CollateralTrustee)priortothedatesuchdistributionismade.
EquityInterestsmeansCapitalStockandallwarrants,optionsorotherrightstoacquireCapitalStock,butexcluding
anydebtsecuritythatisconvertibleinto,orexchangeablefor,CapitalStock.
EquityOfferingmeansanypublicorprivatesaleofcommonstockorPreferredStockofEFIHoranyofitsdirector
indirectparentcompanies(excludingDisqualifiedStock),otherthan:
(1)publicofferingswithrespecttoEFIHsoranydirectorindirectparentcompanyscommonstockregisteredon
FormS8
(2)issuancestoanySubsidiaryofEFIHand
(3)anysuchpublicorprivatesalethatconstitutesanExcludedContribution.
ERCOTmeanstheElectricReliabilityCouncilofTexas,Inc.oranyentityapprovedtoperformthefunctionsofan
independentsystemoperatorwithinthepowerregionthatincludesapproximately80%oftheelectrictransmissionwithinthe
StateofTexas.
euromeansthesinglecurrencyofparticipatingmemberstatesoftheEMU.
EuroclearmeansEuroclearBank,S.A./N.V.,asoperatoroftheEuroclearsystem.
EventofDefaulthasthemeaningsetforthunderSection6.01hereof.
ExchangeActmeanstheSecuritiesExchangeActof1934,asamended,andtherulesandregulationsoftheSEC
promulgatedthereunder.
ExchangeNotesmeansanynotesissuedinexchangefortheNotespursuanttotheRegistrationRightsAgreement.
ExchangeOfferhasthemeaningsetforthintheRegistrationRightsAgreement.
ExchangeRegistrationStatementhasthemeaningsetforthintheRegistrationRightsAgreement.
ExcludedContributionmeansnetcashproceeds,marketablesecuritiesorQualifiedProceedsreceivedbyEFIHafter
theClosingDatefrom
(1)contributionstoitscommonequitycapital,and
(2)thesale(otherthantoaSubsidiaryofEFIHortoanymanagementequityplanorstockoptionplanoranyother
managementoremployeebenefitplanoragreementofEFIHoranyofitsdirectorindirectparentcompanies)ofCapital
Stock(otherthanDisqualifiedStockandDesignatedPreferredStock)ofEFIH,
ineachcasedesignatedasExcludedContributionspursuanttoanOfficersCertificate(deliveredunderthisIndentureor,in
thecaseofExcludedContributionsmadepriortotheIssueDate,underanExistingEFHCorp.NotesIndenture,theEFIH
9.75%NotesIndentureortheEFIH10.000%NotesIndenture)executedbytheprincipalfinancialofficerofEFIHonthedate
suchcapitalcontributionsareorweremadeorthedatesuchEquityInterestsareorweresold,asthecasemaybe,whichare
excludedfromthecalculationsetforthinclause(3)ofSection4.07(a)hereof.

19
ExistingEFHCorp.Notesmeans

EFHCorp.5.55%FixedSeniorNotesSeriesPdueNovember15,2014

EFHCorp.6.50%FixedSeniorNotesSeriesQdueNovember15,2024

EFHCorp.6.55%FixedSeniorNotesSeriesRdueNovember15,2034

EFHCorp.2017Notes

EFHCorp.9.75%Notesand

EFHCorp.10.000%Notes,
ineachcasetotheextentoutstandingontheIssueDate.
ExistingEFHCorp.NotesIndenturesmeanseachoftheindenturesorotherdocumentscontainingthetermsofthe
ExistingEFHCorp.Notes.
FitchmeansFitchRatingsLtd.andanysuccessortoitsratingagencybusiness.
FixedChargeCoverageRatiomeans,withrespecttoanyPersonforanyperiod,theratioofEBITDAofsuchPersonfor
suchperiodtotheFixedChargesofsuchPersonforsuchperiod.IntheeventthatEFIHoranyRestrictedSubsidiaryincurs,
assumes,guarantees,redeems,retiresorextinguishesanyIndebtedness(otherthanIndebtednessincurredunderanyrevolving
creditfacilityunlesssuchIndebtednesshasbeenpermanentlyrepaidandhasnotbeenreplaced)orissuesorredeems
DisqualifiedStockorPreferredStocksubsequenttothecommencementoftheperiodforwhichtheFixedChargeCoverage
RatioisbeingcalculatedbutpriortoorsimultaneouslywiththeeventforwhichthecalculationoftheFixedCharge
CoverageRatioismade(theFixedChargeCoverageRatioCalculationDate),thentheFixedChargeCoverageRatioshall
becalculatedgivingproformaeffecttosuchincurrence,assumption,guarantee,redemption,retirementorextinguishmentof
Indebtedness,orsuchissuanceorredemptionofDisqualifiedStockorPreferredStock,asifthesamehadoccurredatthe
beginningoftheapplicablefourquarterperiod.
Forpurposesofmakingthecomputationreferredtoabove,Investments,acquisitions,dispositions,mergers,
consolidationsanddisposedoperations(asdeterminedinaccordancewithGAAP)thathavebeenmadebyEFIHoranyofits
RestrictedSubsidiariesduringthefourquarterreferenceperiodorsubsequenttosuchreferenceperiodandonorpriortoor
simultaneouslywiththeFixedChargeCoverageRatioCalculationDateshallbecalculatedonaproformabasisassuming
thatallsuchInvestments,acquisitions,dispositions,mergers,consolidationsanddisposedoperations(andthechangeinany
associatedfixedchargeobligationsandthechangeinEBITDAresultingtherefrom)hadoccurredonthefirstdayofthefour
quarterreferenceperiod.If,sincethebeginningofsuchperiod,anyPersonthatsubsequentlybecameaRestrictedSubsidiary
orwasmergedwithorintoEFIHoranyofitsRestrictedSubsidiariessincethebeginningofsuchperiodshallhavemadeany
Investment,acquisition,disposition,merger,consolidationordisposedoperationthatwouldhaverequiredadjustment
pursuanttothisdefinition,thentheFixedChargeCoverageRatioshallbecalculatedgivingproformaeffecttheretoforsuch
periodasifsuchInvestment,acquisition,disposition,merger,consolidationordisposedoperationhadoccurredatthe
beginningoftheapplicablefourquarterperiod.
Forpurposesofthisdefinition,wheneverproformaeffectistobegiventoatransaction,theproformacalculationsshall
bemadeingoodfaithbyaresponsiblefinancialoraccountingofficerofEFIH.

20
IfanyIndebtednessbearsafloatingrateofinterestandisbeinggivenproformaeffect,theinterestonsuchIndebtednessshall
becalculatedasiftherateineffectontheFixedChargeCoverageRatioCalculationDatehadbeentheapplicablerateforthe
entireperiod(takingintoaccountanyHedgingObligationsapplicabletosuchIndebtedness).InterestonaCapitalizedLease
Obligationshallbedeemedtoaccrueataninterestratereasonablydeterminedbyaresponsiblefinancialoraccounting
officerofEFIHtobetherateofinterestimplicitinsuchCapitalizedLeaseObligationinaccordancewithGAAP.Forpurposes
ofmakingthecomputationreferredtoabove,interestonanyIndebtednessunderarevolvingcreditfacilitycomputedona
proformabasisshallbecomputedbasedupontheaveragedailybalanceofsuchIndebtednessduringtheapplicableperiod
exceptassetforthinthefirstparagraphofthisdefinition.InterestonIndebtednessthatmayoptionallybedeterminedatan
interestratebaseduponafactorofaprimeorsimilarrate,aeurocurrencyinterbankofferedrateorotherrateshallbedeemed
tohavebeenbasedupontherateactuallychosen,or,ifnone,thenbaseduponsuchoptionalratechosenasEFIHmay
designate.
FixedChargesmeans,withrespecttoanyPersonforanyperiod,thesumof:
(1)ConsolidatedInterestExpenseofsuchPersonforsuchperiod
(2)allcashdividendsorotherdistributionspaid(excludingitemseliminatedinconsolidation)onanyseriesof
PreferredStockduringsuchperiodand
(3)allcashdividendsorotherdistributionspaid(excludingitemseliminatedinconsolidation)onanyseriesof
DisqualifiedStockduringsuchperiod.
ForeignSubsidiarymeans,withrespecttoanyPerson,anyRestrictedSubsidiaryofsuchPersonthatisnotorganized
orexistingunderthelawsoftheUnitedStates,anystateorterritorythereofortheDistrictofColumbiaandanyRestricted
SubsidiaryofsuchForeignSubsidiary.
GAAPmeansgenerallyacceptedaccountingprinciplesintheUnitedStateswhichareineffectontheClosingDate.
GlobalNoteLegendmeansthelegendsetforthinSection2.06(g)(ii)hereof,whichisrequiredtobeplacedonall
GlobalNotesissuedunderthisIndenture.
GlobalNotesmeans,individuallyandcollectively,eachoftheRestrictedGlobalNotesandtheUnrestrictedGlobal
NotesdepositedwithoronbehalfofandregisteredinthenameoftheDepositaryoritsnominee,substantiallyintheformof
ExhibitAandthatbearstheGlobalNoteLegendandthathastheScheduleofExchangesofInterestsintheGlobalNote
attachedthereto,issuedinaccordancewithSection2.01,2.06(a),2.06(b)(iii),2.06(b)(iv),2.06(d)(ii),2.06(d)(iii)or2.06(f)
hereof.
GovernmentAuthoritymeansanynationorgovernment,anystate,province,territoryorotherpoliticalsubdivision
thereof,andanyentityexercisingexecutive,legislative,judicial,regulatoryoradministrativefunctionsoforpertainingto
government,includingwithoutlimitation,ERCOT.
GovernmentSecuritiesmeanssecuritiesthatare:
(1)directobligationsoftheUnitedStatesofAmericaforthetimelypaymentofwhichitsfullfaithandcreditis
pledgedor
(2)obligationsofaPersoncontrolledorsupervisedbyandactingasanagencyorinstrumentalityoftheUnited
StatesofAmericathetimelypaymentofwhichisunconditionallyguaranteedasafullfaithandcreditobligationbythe
UnitedStatesofAmerica,

21
which,ineithercase,arenotcallableorredeemableattheoptionoftheissuersthereof,andshallalsoincludeadepository
receiptissuedbyabank(asdefinedinSection3(a)(2)oftheSecuritiesAct),ascustodianwithrespecttoanysuch
GovernmentSecuritiesoraspecificpaymentofprincipaloforinterestonanysuchGovernmentSecuritiesheldbysuch
custodianfortheaccountoftheholderofsuchdepositoryreceiptprovidedthat(exceptasrequiredbylaw)suchcustodianis
notauthorizedtomakeanydeductionfromtheamountpayabletotheholderofsuchdepositoryreceiptfromanyamount
receivedbythecustodianinrespectoftheGovernmentSecuritiesorthespecificpaymentofprincipaloforinterestonthe
GovernmentSecuritiesevidencedbysuchdepositoryreceipt.
guaranteemeansaguarantee(otherthanbyendorsementofnegotiableinstrumentsforcollectionintheordinary
courseofbusiness),directorindirect,inanymanner(includinglettersofcreditandreimbursementagreementsinrespect
thereof),ofalloranypartofanyIndebtednessorotherobligations.
GuaranteemeanstheguaranteebyanyGuarantoroftheIssuersObligationsunderthisIndentureandtheNotes.
GuarantormeanseachRestrictedSubsidiarythatGuaranteestheNotesinaccordancewiththetermsofthisIndenture.
HazardousMaterialsmeans(a)anypetroleumorpetroleumproducts,radioactivematerials,friableasbestos,urea
formaldehydefoaminsulation,transformersorotherequipmentthatcontaindielectricfluidcontainingregulatedlevelsof
polychlorinatedbiphenylsandradongas(b)anychemicals,materialsorsubstancesdefinedasorincludedinthedefinition
ofhazardoussubstances,toxicsubstances,toxicpollutants,contaminants,orpollutantsorwordsofsimilarimport,
underanyapplicableEnvironmentalLawand(c)anyotherchemical,materialorsubstance,whichisprohibited,limitedor
regulatedbyanyEnvironmentalLaw.
HedgingObligationsmeanswithrespecttoanyPerson,theobligationsofsuchPersonunder(a)anyandallrateswap
transactions,basisswaps,creditderivativetransactions,forwardratetransactions,commodityswaps,commodityoptions,
forwardcommoditycontracts,equityorequityindexswapsoroptions,bondorbondpriceorbondindexswapsoroptionsor
forwardbondorforwardbondpriceorforwardbondindextransactions,interestrateoptions,forwardforeignexchange
transactions,captransactions,floortransactions,collartransactions,currencyswaptransactions,crosscurrencyrateswap
transactions,currencyoptions,spotcontracts,oranyothersimilartransactionsoranycombinationofanyoftheforegoing
(includinganyoptionstoenterintoanyoftheforegoing),whetherornotanysuchtransactionisgovernedbyorsubjectto
anymasteragreement,(b)anyandalltransactionsofanykind,andtherelatedconfirmations,whicharesubjecttotheterms
andconditionsof,orgovernedby,anyformofmasteragreementpublishedbytheInternationalSwapsandDerivatives
Association,Inc.,anyInternationalForeignExchangeMasterAgreementoranyothermasteragreement(anysuchmaster
agreement,togetherwithanyrelatedschedules,aMasterAgreement),includinganysuchobligationsorliabilitiesunder
anyMasterAgreementand(c)physicalorfinancialcommoditycontractsoragreements,powerpurchaseorsaleagreements,
fuelpurchaseorsaleagreements,environmentalcreditpurchaseorsaleagreements,powertransmissionagreements,
commoditytransportationagreements,fuelstorageagreements,nettingagreements(includingNettingAgreements),capacity
agreementandcommercialortradingagreements,eachwithrespectto,orincludingthepurchase,sale,exchangeof(orthe
optiontopurchase,sellorexchange),transmission,transportation,storage,distribution,processing,sale,leaseorhedgeof,
anyCoveredCommoditypriceorpriceindicesforanysuchCoveredCommodityorservicesoranyothersimilarderivative
agreements,andanyothersimilaragreements.
HoldermeansthePersoninwhosenameaNoteisregisteredontheregistrarsbooks.

22
IncrementalDepositL/CLoansmeansanyIncrementalDepositL/CLoansunder,andasdefinedin,anyCredit
Facilities.
Indebtednessmeans,withrespecttoanyPerson,withoutduplication:
(1)anyindebtedness(includingprincipalandpremium)ofsuchPerson,whetherornotcontingent:
(a)inrespectofborrowedmoney
(b)evidencedbybonds,notes,debenturesorsimilarinstrumentsorlettersofcreditorbankersacceptances(or,
withoutduplication,reimbursementagreementsinrespectthereof)
(c)representingthebalancedeferredandunpaidofthepurchasepriceofanyproperty(includingCapitalized
LeaseObligations),except(i)anysuchbalancethatconstitutesatradepayableorsimilarobligationtoatrade
creditor,ineachcaseaccruedintheordinarycourseofbusinessand(ii)anyearnoutobligationsuntilsuch
obligationbecomesaliabilityonthebalancesheetofsuchPersoninaccordancewithGAAPor
(d)representinganyHedgingObligations
ifandtotheextentthatanyoftheforegoingIndebtedness(otherthanlettersofcreditandHedgingObligations)would
appearasaliabilityuponabalancesheet(excludingthefootnotesthereto)ofsuchPersonpreparedinaccordancewith
GAAP
(2)totheextentnototherwiseincluded,anyobligationbysuchPersontobeliablefor,ortopay,asobligor,
guarantororotherwiseon,theobligationsofthetypereferredtoinclause(1)ofathirdPerson(whetherornotsuchitems
wouldappearuponthebalancesheetofthesuchobligororguarantor),otherthanbyendorsementofnegotiable
instrumentsforcollectionintheordinarycourseofbusiness(fortheavoidanceofdoubt,theobligationsofthetype
referredtoinclause(1)shallnotincludeEFHCorp.sobligationstorepayindebtednesstoTCEHand/oritsSubsidiaries
fromtimetotimeevidencedundernotesexistingontheIssueDate)and
(3)totheextentnototherwiseincluded,theobligationsofthetypereferredtoinclause(1)ofathirdPersonsecured
byaLienonanyassetownedbysuchfirstPerson,whetherornotsuchIndebtednessisassumedbysuchfirstPerson
providedthattheamountofIndebtednessofsuchfirstPersonforpurposesofthisclause(3)shallbedeemedtobeequal
tothelesserof(i)theaggregateunpaidamountofsuchIndebtednessand(ii)thefairmarketvalueoftheproperty
encumberedtherebyasdeterminedbysuchfirstPersoningoodfaith
provided,however,thatnotwithstandingtheforegoing,Indebtednessshallbedeemednottoinclude(a)Contingent
Obligationsincurredintheordinarycourseofbusinessor(b)obligationsunderorinrespectofReceivablesFacilitiesor
(c)amountspayablebyandbetweenEFIHanditsSubsidiariesinconnectionwithretailclawbackorotherregulatory
transitionissues.
IndenturemeansthisIndenture,asamendedorsupplementedfromtimetotime.
IndependentFinancialAdvisormeansanaccounting,appraisal,investmentbankingfirmorconsultanttoPersons
engagedinSimilarBusinessesofnationallyrecognizedstandingthatis,inthegoodfaithjudgmentofEFIH,qualifiedto
performthetaskforwhichithasbeenengaged.

23
IndirectParticipantmeansaPersonwhoholdsabeneficialinterestinaGlobalNotethroughaParticipant.
InitialNoteshasthemeaningsetforthintherecitalshereto.
InitialPurchasersmeansCitigroupGlobalMarketsInc.,Goldman,Sachs&Co.,CreditSuisseSecurities(USA)LLC,
J.P.MorganSecuritiesLLC,MorganStanley&Co.LLC,KKRCapitalMarketsLLCandTheWilliamsCapitalGroup,L.P.
insolvencyorliquidationproceedingmeans:
(1)anycasecommencedbyoragainstEFIH,EFIHFinanceoranyGuarantorunderanyBankruptcyLawforthe
reliefofdebtors,anyotherproceedingforthereorganization,recapitalizationoradjustmentormarshallingoftheassets
orliabilitiesofEFIH,EFIHFinanceoranyGuarantor,anyreceivershiporassignmentforthebenefitofcreditorsrelating
toEFIH,EFIHFinanceoranyGuarantororanysimilarcaseorproceedingrelativetoEFIH,EFIHFinanceorany
Guarantororitscreditors,assuch,ineachcasewhetherornotvoluntary
(2)anyliquidation,dissolution,marshallingofassetsorliabilitiesorotherwindingupoforrelatingtoEFIH,EFIH
FinanceoranyGuarantor,ineachcasewhetherornotvoluntaryandwhetherornotinvolvingbankruptcyor
insolvencyor
(3)anyotherproceedingofanytypeornatureinwhichsubstantiallyallclaimsofcreditorsofEFIH,EFIHFinance
oranyGuarantoraredeterminedandanypaymentordistributionisormaybemadeonaccountofsuchclaims.
IntercompanyLoanmeansasenior,unsecuredloanbyEFIHoranyofitsRestrictedSubsidiariestoEFHCorp.,withan
interestratecommensuratewithanarmslengthrelationship.
InterestPaymentDatemeansFebruary15andAugust15ofeachyeartoStatedMaturity.
InvestmentGradeRatingmeansaratingequaltoorhigherthanBaa3(ortheequivalent)byMoodys,BBB(orthe
equivalent)byS&PoranequivalentratingbyanyotherRatingAgency.
InvestmentGradeSecuritiesmeans:
(1)securitiesissuedordirectlyandfullyguaranteedorinsuredbytheUnitedStatesgovernmentoranyagencyor
instrumentalitythereof(otherthanCashEquivalents)
(2)debtsecuritiesordebtinstrumentswithanInvestmentGradeRating,butexcludinganydebtsecuritiesor
instrumentsconstitutingloansoradvancesamongEFIHanditsSubsidiaries
(3)investmentsinanyfundthatinvestsexclusivelyininvestmentsofthetypedescribedinclauses(1)and(2)of
thisdefinitionwhichfundmayalsoholdimmaterialamountsofcashpendinginvestmentordistributionand
(4)correspondinginstrumentsincountriesotherthantheUnitedStatescustomarilyutilizedforhighquality
investments.
Investmentsmeans,withrespecttoanyPerson,allinvestmentsbysuchPersoninotherPersons(includingAffiliates)
intheformofloans(includingguarantees),advancesorcapitalcontributions(excludingaccountsreceivable,tradecredit,
advancestocustomers,commissions,travelandsimilar

24
advancestoofficersandemployees,ineachcasemadeintheordinarycourseofbusiness),purchasesorotheracquisitionsfor
considerationofIndebtedness,EquityInterestsorothersecuritiesissuedbyanyotherPersonandinvestmentsthatare
requiredbyGAAPtobeclassifiedonthebalancesheet(excludingthefootnotes)ofEFIHinthesamemannerastheother
investmentsincludedinthisdefinitiontotheextentsuchtransactionsinvolvethetransferofcashorotherproperty.
ForpurposesofthedefinitionofUnrestrictedSubsidiaryandSection4.07hereof:
(1)Investmentsshallincludetheportion(proportionatetoEFIHsequityinterestinsuchSubsidiary)ofthefair
marketvalueofthenetassetsofaSubsidiaryofEFIHatthetimethatsuchSubsidiaryisdesignatedanUnrestricted
Subsidiaryprovided,however,thatuponaredesignationofsuchSubsidiaryasaRestrictedSubsidiary,EFIHshallbe
deemedtocontinuetohaveapermanentInvestmentinanUnrestrictedSubsidiaryinanamount(ifpositive)equalto:
(a)EFIHsInvestmentinsuchSubsidiaryatthetimeofsuchredesignationless
(b)theportion(proportionatetoEFIHsequityinterestinsuchSubsidiary)ofthefairmarketvalueofthenet
assetsofsuchSubsidiaryatthetimeofsuchredesignationand
(2)anypropertytransferredtoorfromanUnrestrictedSubsidiaryshallbevaluedatitsfairmarketvalueatthetime
ofsuchtransfer,ineachcaseasdeterminedingoodfaithbyEFIH.
InvestorsmeansKohlbergKravisRoberts&Co.L.P.,TPGCapital,L.P.,J.P.MorganVenturesCorporation,Citigroup
GlobalMarketsInc.,MorganStanley&Co.LLC,Goldman,Sachs&Co.andLBIGroup,Inc.andeachoftheirrespective
Affiliatesbutnotincluding,however,anyportfoliocompaniesofanyoftheforegoing.
IssueDatemeansthefirstdateonwhichanyNotesareissuedpursuanttothisIndenture.
IssuerhasthemeaningsetforthintherecitalsheretoanditssuccessorsunderArticle5.
JuniorLienmeansaLiengrantedbyasecuritydocumenttotheCollateralTrustee,atanytime,uponanyCollateralto
secureJuniorLienObligations.
JuniorLienDebtmeans:
(1)theEFIH11%NotesandtheEFIH11.750%Notes
(2)anyotherIndebtedness(includinglettersofcreditandreimbursementobligationswithrespectthereto)ofthe
IssueroranyGuarantorthatissecuredonasubordinatedbasistotheParityLienDebtbyaJuniorLienthatwas
permittedtobeincurredandsosecuredundereachapplicableSecuredDebtDocumentprovidedthat:
(a)onorbeforethedateonwhichsuchIndebtednessisincurredbytheIssuerorsuchGuarantor,such
IndebtednessisdesignatedbytheIssuer,inaccordancewiththeCollateralTrustAgreement,asJuniorLienDebt
forthepurposesoftheSecuredDebtDocuments,includingtheCollateralTrustAgreementprovidedthatnoSeries
ofSecuredLienDebtmaybedesignatedasbothJuniorLienDebtandParityLienDebt

25
(b)suchIndebtednessisgovernedbyanindenture,creditagreementorotheragreementthatincludesaLien
SharingandPriorityConfirmationand
(c)allrequirementssetforthintheCollateralTrustAgreementastotheconfirmation,grantorperfectionofthe
CollateralTrusteesLienstosecuresuchIndebtednessorObligationsinrespectthereofaresatisfied(andthe
satisfactionofsuchrequirementsshallbeconclusivelyestablishediftheIssuerdeliverstotheCollateralTrusteean
OfficersCertificatestatingthatsuchrequirementshavebeensatisfiedandthatsuchIndebtednessisJuniorLien
Debt)and
(3)HedgingObligationsoftheIssueroranyGuarantorincurredtohedgeormanageinterestrateriskwithrespectto
JuniorLienDebtprovidedthat,pursuanttothetermsoftheJuniorLienDocuments,suchHedgingObligationsare
securedbyaJuniorLienonalloftheassetsandpropertiesthatsecuretheIndebtednessinrespectofwhichsuch
HedgingObligationsareincurred.
JuniorLienDocumentsmeans,collectively,theEFIH11%NotesIndenture,theJuniorLienPledgeAgreementand
anyotherindenture,creditagreementorotheragreementgoverningaSeriesofJuniorLienDebtandtheSecurityDocuments
thatcreateorperfectLienssecuringJuniorLienObligations.
JuniorLienObligationsmeansJuniorLienDebtandallotherObligationsinrespectthereof.
JuniorLienPledgeAgreementmeanstheJuniorLienPledgeAgreement,enteredinasofApril25,2011betweenEFIH
andtheCollateralTrustee.
JuniorLienRepresentativemeans(1)thetrusteesfortheEFIH11%NotesandtheEFIH11.750%Notesand(2)inthe
caseofanyfutureSeriesofJuniorLienDebt,thetrustee,agentorrepresentativeoftheholdersofsuchSeriesofJuniorLien
Debtwho(a)isappointedasaJuniorLienRepresentative(forpurposesrelatedtotheadministrationoftheSecurity
Documents)pursuanttotheindenture,creditagreementorotheragreementgoverningsuchSeriesofJuniorLienDebt,
togetherwithitssuccessorsinsuchcapacity,and(b)hasbecomeapartytotheCollateralTrustAgreementbyexecutinga
joinderintheformrequiredundertheCollateralTrustAgreement.
LegalHolidaymeansaSaturday,aSundayoradayonwhichcommercialbankinginstitutionsarenotrequiredtobe
openintheStateofNewYork.
LetterofTransmittalmeanstheletteroftransmittaltobepreparedbytheIssuerandsenttoallHoldersoftheNotesfor
usebysuchHoldersinconnectionwiththeExchangeOffer.
Lienmeans,withrespecttoanyasset,anymortgage,lien(statutoryorotherwise),pledge,hypothecation,charge,
securityinterest,preference,priorityorencumbranceofanykindinrespectofsuchasset,whetherornotfiled,recordedor
otherwiseperfectedunderapplicablelaw,includinganyconditionalsaleorothertitleretentionagreement,anyleaseinthe
naturethereof,anyoptionorotheragreementtosellorgiveasecurityinterestinandanyfilingoforagreementtogiveany
financingstatementundertheUniformCommercialCode(orequivalentstatutes)ofanyjurisdictionprovidedthatinno
eventshallanoperatingleasebedeemedtoconstituteaLien.

26
LienSharingandPriorityConfirmationmeans:
(1)astoanySeriesofParityLienDebt,thewrittenagreementenforceableagainsttheholdersofsuchSeriesof
ParityLienDebt,assetforthintheapplicableSecuredDebtDocument:
(a)fortheenforceablebenefitofallholdersofeachexistingandfutureSeriesofParityLienDebtandeach
existingandfutureParityLienRepresentative,thatallParityLienObligationsshallbeandaresecuredequallyand
ratablybyallParityLiensatanytimegrantedbytheIssueroranyGuarantortosecureanyObligationsinrespectof
suchSeriesofParityLienDebt,andthatallsuchParityLiensshallbeenforceablebytheCollateralTrusteeforthe
benefitofallholdersofParityLienObligationsequallyandratably
(b)fortheenforceablebenefitofallholdersofeachexistingandfutureSeriesofParityLienDebtandSeriesof
JuniorLienDebt,andeachexistingandfutureParityLienRepresentativeandJuniorLienRepresentative,thatthe
holdersofObligationsinrespectofsuchSeriesofParityLienDebtareboundbytheprovisionsoftheCollateral
TrustAgreement,includingtheprovisionsrelatingtotherankingofParityLiensandtheorderofapplicationof
proceedsfromenforcementofParityLiensand
(c)consentingtoanddirectingtheCollateralTrusteetoperformitsobligationsundertheCollateralTrust
AgreementandtheothersecuritydocumentsinrespectoftheSecuredDebtObligations.
(2)astoanySeriesofJuniorLienDebt,thewrittenagreementenforceableagainsttheholdersofsuchSeriesof
JuniorLienDebt,assetforthintheapplicableSecuredDebtDocument:
(a)fortheenforceablebenefitofallholdersofeachexistingandfutureSeriesofJuniorLienDebtandSeriesof
ParityLienDebtandeachexistingandfutureJuniorLienRepresentativeandParityLienRepresentative,thatall
JuniorLienObligationsshallbeandaresecuredequallyandratablybyallJuniorLiensatanytimegrantedbythe
IssueroranyGuarantortosecureanyObligationsinrespectofsuchSeriesofJuniorLienDebt,andthatallsuch
JuniorLiensshallbeenforceablebytheCollateralTrusteeforthebenefitofallholdersofJuniorLienObligations
equallyandratably
JuniorLienDebtandeachexistingandfutureParityLienRepresentativeandJuniorLienRepresentative,thatthe
holdersofObligationsinrespectofsuchSeriesofJuniorLienDebtareboundbytheprovisionsoftheCollateral
TrustAgreement,includingtheprovisionsrelatingtotherankingofJuniorLiensandtheorderofapplicationof
proceedsfromtheenforcementofJuniorLiensand
(c)consentingtoanddirectingtheCollateralTrusteetoperformitsobligationsundertheCollateralTrust
AgreementandtheothersecuritydocumentsinrespectoftheSecuredDebtObligations.
MoodysmeansMoodysInvestorsService,Inc.andanysuccessortoitsratingagencybusiness.

27
NecessaryCapExDebtmeansIndebtednessofEFIHoranyofitsRestrictedSubsidiariesincurredforthepurposeof
financingNecessaryCapitalExpenditures.
NecessaryCapitalExpendituresmeanscapitalexpendituresbyEFIHanditsRestrictedSubsidiariesthatarerequired
byapplicablelaw(otherthanEnvironmentalLaw)orotherwiseundertakenvoluntarilyforhealthandsafetyreasons(other
thanasrequiredbyEnvironmentalLaw).ThetermNecessaryCapitalExpendituresdoesnotincludeanycapital
expenditureundertakenprimarilytoincreasetheefficiencyof,expandorrepoweranypowergenerationfacility.
NetIncomemeans,withrespecttoanyPerson,thenetincome(loss)ofsuchPerson,determinedinaccordancewith
GAAPandbeforeanyreductioninrespectofPreferredStockdividends.
NetProceedsmeanstheaggregatecashproceedsandCashEquivalentsreceivedbyEFIHoranyofitsRestricted
SubsidiariesinrespectofanyAssetSale(includingaCasualtyEvent),includinganycashandCashEquivalentsreceived
uponthesaleorotherdispositionofanyDesignatedNoncashConsiderationreceivedinanyAssetSale(includinga
CasualtyEvent),netofthedirectcostsrelatingtosuchAssetSale(includingaCasualtyEvent)andthesaleordispositionof
suchDesignatedNoncashConsideration,includinglegal,accountingandinvestmentbankingfees,andbrokerageandsales
commissions,anyrelocationexpensesincurredasaresultthereof,taxespaidorpayableasaresultthereof(aftertakinginto
accountanyavailabletaxcreditsordeductionsandanytaxsharingarrangements),amountsrequiredtobeappliedusing
proceedsfromAssetSales(otherthanAssetSalesofCollateralorotherOncorrelatedAssets)totherepaymentofprincipal,
premium,ifany,andinterestonotherSeniorIndebtednessrequired(otherthanrequiredbyclause(1)ofSection4.10(b)
hereof)tobepaidasaresultofsuchtransactionandanydeductionofappropriateamountstobeprovidedbyEFIHoranyof
itsRestrictedSubsidiariesasareserveinaccordancewithGAAPagainstanyliabilitiesassociatedwiththeassetdisposedof
insuchtransactionandretainedbyEFIHoranyofitsRestrictedSubsidiariesaftersuchsaleorotherdispositionthereof,
includingpensionandotherpostemploymentbenefitliabilitiesandliabilitiesrelatedtoenvironmentalmattersoragainst
anyindemnificationobligationsassociatedwithsuchtransaction.
NettingAgreementshallmeananettingagreement,masternettingagreementorothersimilardocumenthavingthe
sameeffectasanettingagreementormasternettingagreementand,asapplicable,anycollateralannex,securityagreementor
othersimilardocumentrelatedtoanymasternettingagreementorPermittedContract.
NonU.S.PersonmeansaPersonwhoisnotaU.S.Person.
NotesmeanstheInitialNotes(includinganyExchangeNotesissuedinexchangetherefor),andmoreparticularly
meansanyNoteauthenticatedanddeliveredunderthisIndenture.ForallpurposesofthisIndenture,thetermNotesshall
alsoincludeanyAdditionalNotesthatmaybeissuedunderthisIndenture(includinganyExchangeNotesissuedin
exchangetherefor).TheNotesandAdditionalNotessubsequentlyissuedunderthisIndentureshallbetreatedasasingleclass
forallpurposesunderthisIndenture,exceptassetforthherein.
NoteObligationsmeanstheNotes,theGuarantees,ifany,andallotherObligationsoftheIssuerandeachGuarantor,if
any,underthisIndenture,theNotes,theGuarantees,ifany,andtheSecurityDocuments(including,withoutlimitation,
AdditionalInterest,ifany).
Obligationsmeansanyprincipal,interest(includinganyinterestaccruingsubsequenttothefilingofapetitionin
bankruptcy,reorganizationorsimilarproceedingattherateprovidedforinthedocumentationwithrespectthereto,whether
ornotsuchinterestisanallowedclaimunderapplicable

28
state,federalorforeignlaw),premium,penalties,fees,indemnifications,reimbursements(includingreimbursement
obligationswithrespecttolettersofcreditandbankersacceptances),damagesandotherliabilities,andguaranteesof
paymentofsuchprincipal,interest,penalties,fees,indemnifications,reimbursements,damagesandotherliabilities,payable
underthedocumentationgoverninganyIndebtedness.
OfferingMemorandummeansthefinalofferingmemorandumdatedAugust9,2012relatingtotheInitialNotes.
OfficermeanstheChairmanoftheBoard,theChiefExecutiveOfficer,thePresident,anyExecutiveVicePresident,
SeniorVicePresidentorVicePresident,theTreasurerortheSecretaryofEFIH,orotherPerson,asthecasemaybe.
OfficersCertificatemeansacertificatesignedonbehalfofEFIHbyanOfficerofEFIHoronbehalfofanotherPerson
byanOfficerofsuchPerson,whomustbetheprincipalexecutiveofficer,theprincipalfinancialofficer,thetreasurerorthe
principalaccountingofficerofEFIHorsuchotherPerson,asapplicable,thatmeetstherequirementsofSection13.05hereof.
OncorElectricDeliveryFacilitymeanstherevolvingcreditagreemententeredintoasoftheClosingDate,asamended
andrestatedonOctober11,2011,byandamongOncorElectricDeliveryCompanyLLC,asborrower,thelendersparty
theretointheircapacitiesaslendersthereunderandJPMorganChaseBank,N.A.,asAdministrativeAgent,includingany
guarantees,collateraldocuments,instrumentsandagreementsexecutedinconnectiontherewith,andanyamendments,
supplements,modifications,extensions,renewals,restatements,refundingsorrefinancingsthereofandanyindenturesor
creditfacilitiesorcommercialpaperfacilitieswithbanksorotherinstitutionallendersorinvestorsthatreplace,refundor
refinanceanypartoftheloans,notes,othercreditfacilitiesorcommitmentsthereunder,includinganysuchreplacement,
refundingorrefinancingfacilityorindenturethatincreasestheamountborrowablethereunderoraltersthematuritythereof.
OncorHoldingsmeansOncorElectricDeliveryHoldingsCompanyLLC.
OncorrelatedAssetsmeanstheEquityInterestsofanyoftheOncorSubsidiariesoranySuccessorOncorBusiness
(includingtheCollateral)ownedbyEFIHoranyOncorSubsidiaryoranySuccessorOncorBusinessorconstitutingaprimary
issuanceofsuchEquityIntereststotheextentsuchissuancewouldconstituteanAssetSaleandanyassetsowneddirectlyor
indirectlybyanyoftheOncorSubsidiariesoranySuccessorOncorBusiness.
OncorSubsidiariesmeansOncorHoldingsanditsSubsidiaries,allofwhichshallbeUnrestrictedSubsidiariesonthe
IssueDate.
OpinionofCounselmeansawrittenopinionfromlegalcounselwhoisacceptabletotheTrusteethatmeetsthe
requirementsofSection13.05hereof.ThecounselmaybeanemployeeoforcounseltotheIssuerortheTrustee.
Participantmeans,withrespecttotheDepositary,EuroclearorClearstream,aPersonwhohasanaccountwiththe
Depositary,EuroclearorClearstream,respectively(and,withrespecttoDTC,shallincludeEuroclearandClearstream).
ParityLienmeansaLiengrantedbyasecuritydocumenttotheCollateralTrustee,atanytime,uponanyCollateralto
secureParityLienObligations.

29
ParityLienDebtmeans:
(1)theNotesissuedbytheIssuerunderthisIndentureontheIssueDateandanyAdditionalNotesandExchange
Notesissuedinexchangetherefor,theEFIH9.75%NotesoutstandingontheIssueDate,anyadditionalEFIH9.75%
Notes,theEFIH10.000%NotesoutstandingontheIssueDateandanyadditionalEFIH10.000%Notes
(2)anyotherIndebtedness(includinglettersofcreditandreimbursementobligationswithrespectthereto)ofEFIH,
includingtheguaranteebyEFIHofanyIndebtednessofanyotherPerson,includingtheEFHCorp.9.75%Notesand
anyadditionalEFHCorp.9.75%NotesandtheEFHCorp.10.000%NotesandanyadditionalEFHCorp.10.000%
Notes,thatissecuredequallyandratablywiththeNotesbyaParityLienthatwaspermittedtobeincurredandso
securedundereachapplicableSecuredDebtDocumentprovided,inthecaseofIndebtednessreferredtointhis
clause(2),that,exceptwithrespecttotheEFHCorp.9.75%NotesandanyadditionalEFHCorp.9.75%Notesandthe
EFHCorp.10.000%NotesandanyadditionalEFHCorp.10.000%NotesoutstandingontheIssueDate:
(a)onorbeforethedateonwhichsuchIndebtednessisincurredbyEFIH,suchIndebtednessisdesignatedby
EFIH,inaccordancewiththeCollateralTrustAgreement,asParityLienDebtforthepurposesoftheSecured
DebtDocumentsprovidedthatnoSeriesofSecuredLienDebtmaybedesignatedasbothParityLienDebtand
JuniorLienDebt
(b)suchIndebtednessisgovernedbyanindenture,creditagreementorotheragreementthatincludesaLien
SharingandPriorityConfirmationand
(c)allrequirementssetforthintheCollateralTrustAgreementastotheconfirmation,grantorperfectionofthe
CollateralTrusteesLientosecuresuchIndebtednessorObligationsinrespectthereofaresatisfied(andthe
satisfactionofsuchrequirementsshallbeconclusivelyestablishedifEFIHdeliverstotheCollateralTrusteean
OfficersCertificatestatingthatsuchrequirementshavebeensatisfiedandthatsuchnotesorsuchIndebtednessis
ParityLienDebt)and
(3)HedgingObligationsofEFIHincurredtohedgeormanageinterestrateriskwithrespecttoParityLienDebt
providedthat,pursuanttothetermsoftheParityLienDocuments,suchHedgingObligationsaresecuredbyaParity
LienonalloftheassetsandpropertiesthatsecuretheIndebtednessinrespectofwhichsuchHedgingObligationsare
incurred.
ParityLienDocumentsmeansthisIndenture,theEFIH9.75%NotesIndenture,theEFIH10.000%NotesIndenture,the
EFHCorp.9.75%NotesIndenture,theEFHCorp.10.000%NotesIndentureandanyadditionalindenture,creditagreementor
otheragreementgoverningaSeriesofParityLienDebtandtheSecurityDocumentsthatcreateorperfectLienssecuring
ParityLienObligations.
ParityLienObligationsmeansParityLienDebtandallotherObligationsinrespectthereof.
ParityLienRepresentativemeans(1)theTrustee,inthecaseoftheNotes,(2)thetrusteesfortheEFIH9.75%Notes,
theEFIH10.000%Notes,theEFHCorp.9.75%NotesandtheEFHCorp.10.000%Notesor(3)inthecaseofanyotherSeries
ofParityLienDebt,thetrustee,agentorrepresentativeoftheholdersofsuchSeriesofParityLienDebtwho(a)isappointed
asaParityLienRepresentative(forpurposesrelatedtotheadministrationoftheSecurityDocuments)pursuanttothe
indenture,creditagreementorotheragreementgoverningsuchSeriesofParityLienDebt,togetherwithitssuccessorsinsuch
capacity,and(b)hasbecomeapartytotheCollateralTrustAgreementbyexecutingajoinderintheformrequiredunderthe
CollateralTrustAgreement.

30
PermittedAssetSwapmeanstheconcurrentpurchaseandsaleorexchangeofRelatedBusinessAssetsora
combinationofRelatedBusinessAssetsandcashorCashEquivalentsbetweenEFIHoranyofitsRestrictedSubsidiariesand
anotherPersonprovided,thatanycashorCashEquivalentsreceivedmustbeappliedinaccordancewithSection4.10hereof.
PermittedAssetTransfermeans(1)thedirectorindirectsale,assignment,transfer,conveyanceorotherdisposition
(includingbywayofmerger,winduporconsolidation)orspinoffbydividendoftheEquityInterestsofEFIHsuchthatEFIH
isnolongeraSubsidiaryofEFHCorp.(includingwithoutlimitationamergerofEFIHwithandintoEFHCorp.)or(2)the
sale,assignment,transfer,conveyanceorotherdisposition(otherthanbywayofmerger,winduporconsolidation)ofallof
theEquityInterestsof,andotherInvestmentsin,theOncorSubsidiaries,SuccessorOncorBusinessesandallotherCollateral
heldbyEFIHtoaPerson(otherthananOncorSubsidiary)thatshallcontinuetoholdsuchEquityInterests,otherInvestments
andanyotherCollateral,ineachcaseotherthananyforeclosureontheCollateral.
PermittedHoldersmeanseachoftheInvestors,membersofmanagement(includingdirectors)ofEFIHoranyofits
directorindirectparentcompaniesorSubsidiarieswhoontheClosingDatewereoratanytimepriortothefirstanniversary
oftheClosingDatewereholdersofEquityInterestsofEFIH(oranyofitsdirectorindirectparentcompanies)andanygroup
(withinthemeaningofSection13(d)(3)orSection14(d)(2)oftheExchangeActoranysuccessorprovision)ofwhichanyof
theforegoingaremembersprovidedthat,inthecaseofsuchgroupandwithoutgivingeffecttotheexistenceofsuchgroup
oranyothergroup,suchInvestorsandmembersofmanagement,collectively,havebeneficialownershipofmorethan50%of
thetotalvotingpoweroftheVotingStockofEFIHoranyofitsdirectorindirectparentcompanies.
PermittedInvestmentsmeans:
(1)anyInvestmentinEFIHoranyofitsRestrictedSubsidiaries
(2)anyInvestmentincashandCashEquivalentsorInvestmentGradeSecurities
(3)anyInvestmentbyEFIHoranyofitsRestrictedSubsidiariesinaPersonthatisengagedinaSimilarBusinessif
asaresultofsuchInvestment:
(a)suchPersonbecomesaRestrictedSubsidiaryor
(b)suchPerson,inonetransactionoraseriesofrelatedtransactions,ismergedorconsolidatedwithorinto,or
transfersorconveyssubstantiallyallofitsassetsto,orisliquidatedinto,EFIHoraRestrictedSubsidiary,
and,ineachcase,anyInvestmentheldbysuchPersonprovidedthatsuchInvestmentwasnotacquiredbysuchPerson
incontemplationofsuchacquisition,merger,consolidationortransfer
(4)anyInvestmentinsecuritiesorotherassetsnotconstitutingcash,CashEquivalentsorInvestmentGrade
SecuritiesandreceivedinconnectionwithanAssetSalemadepursuanttoSection4.10hereoforanyotherdisposition
ofassetsnotconstitutinganAssetSale
(5)anyInvestmentexistingontheIssueDate

31
(6)anyInvestmentacquiredbyEFIHoranyofitsRestrictedSubsidiaries:
(a)inexchangeforanyotherInvestmentoraccountsreceivableheldbyEFIHoranysuchRestricted
Subsidiaryinconnectionwithorasaresultofabankruptcy,workout,reorganizationorrecapitalizationofthe
issuerofsuchotherInvestmentoraccountsreceivableor
(b)asaresultofaforeclosurebyEFIHoranyofitsRestrictedSubsidiarieswithrespecttoanysecured
InvestmentorothertransferoftitlewithrespecttoanysecuredInvestmentindefault
(7)HedgingObligationspermittedunderclause(10)ofSection4.09(b)hereof
(8)anyInvestmentinaSimilarBusinesshavinganaggregatefairmarketvalue,takentogetherwithallother
Investmentsmadepursuanttothisclause(8)thatareatthattimeoutstanding,nottoexceed3.5%ofTotalAssetsatthe
timeofsuchInvestment(withthefairmarketvalueofeachInvestmentbeingmeasuredatthetimemadeandwithout
givingeffecttosubsequentchangesinvalue)
(9)InvestmentsthepaymentforwhichconsistsofEquityInterests(exclusiveofDisqualifiedStock)ofEFIHorany
ofitsdirectorindirectparentcompaniesprovided,however,thatsuchEquityInterestsshallnotincreasetheamount
availableforRestrictedPaymentsunderclause(3)ofSection4.07(a)hereof
(10)guaranteesofIndebtednessofEFIHoranyofitsRestrictedSubsidiariespermittedunderSection4.09hereof
(11)anytransactiontotheextentitconstitutesanInvestmentthatispermittedandmadeinaccordancewiththe
provisionsofSection4.11(b)hereof(excepttransactionsdescribedinclauses(2),(5)and(9)ofSection4.11(b)hereof)
(12)Investmentsconsistingofpurchasesandacquisitionsofinventory,fuel(includingallformsofnuclearfuel),
supplies,materialorequipment
(13)additionalInvestmentshavinganaggregatefairmarketvalue,takentogetherwithallotherInvestmentsmade
pursuanttothisclause(13)thatareatthattimeoutstanding(withoutgivingeffecttothesaleofanInvestmenttothe
extenttheproceedsofsuchsaledonotconsistofcashormarketablesecurities),nottoexceed3.5%ofTotalAssetsat
thetimeofsuchInvestment(withthefairmarketvalueofeachInvestmentbeingmeasuredatthetimemadeandwithout
givingeffecttosubsequentchangesinvalue)
(14)InvestmentsrelatingtoaReceivablesSubsidiarythat,inthegoodfaithdeterminationofEFIH,arenecessaryor
advisabletoeffectanyReceivablesFacilityforthebenefitofEFIHoranyofitsRestrictedSubsidiaries
(15)advancesto,orguaranteesofIndebtednessof,employeesnotinexcessof$25.0millionoutstandingatanyone
time,intheaggregate
(16)loansandadvancestoofficers,directorsandemployeesforbusinessrelatedtravelexpenses,movingexpenses
andothersimilarexpenses,ineachcaseincurredintheordinarycourseofbusinessorconsistentwithpastpracticesorto
fundsuchPersonspurchaseofEquityInterestsofEFIHoranydirectorindirectparentcompanythereof
(17)anyInvestmentinanySubsidiaryoranyjointventureinconnectionwithintercompanycashmanagement
arrangementsorrelatedactivitiesarisingintheordinarycourseofbusinessor

32
(18)(A)InvestmentsinIndebtednessofTCEHorEFHCorp.receivedbyEFIH(i)inexchangefortheEFIH9.75%
NotesorEFIH10.000%Notesissuedintheexchangeoffersinwhichsuchnoteswereissuedor(ii)inexchangefor
IndebtednessofTCEHorEFHCorp.receivedinexchangefortheEFIH9.75%NotesorEFIH10.000%Notesinthe
exchangeoffersinwhichsuchnoteswereissuedand(B)InvestmentsinIndebtednessofEFHCorp.oritsSubsidiaries
receivedbyEFIHinexchangeforIndebtednessofEFIHoranyGuarantorincurredunderclause(2)ofSection4.09(b)
hereof,includinginthecaseofboth(A)and(B),fortheavoidanceofdoubt,theexchangesofanysuchIndebtedness,
whichshallbedeemedtobePermittedInvestmentshereunder.
PermittedLiensmeans,withrespecttoanyPerson:
(1)pledgesordepositsbysuchPersonunderworkmenscompensationlaws,unemploymentinsurancelawsor
similarlegislation,orgoodfaithdepositsinconnectionwithbids,tenders,contracts(otherthanforthepaymentof
Indebtedness)orleasestowhichsuchPersonisaparty,ordepositstosecurepublicorstatutoryobligationsofsuch
PersonordepositsofcashorU.S.governmentbondstosecuresuretyorappealbondstowhichsuchPersonisaparty,or
depositsassecurityforcontestedtaxesorimportdutiesorforthepaymentofrent,ineachcaseincurredintheordinary
courseofbusiness(includinginconnectionwiththeconstructionorrestorationoffacilitiesforthegeneration,
transmissionordistributionofelectricity)orotherwiseconstitutingPermittedInvestments
(2)Liensimposedbylaw,suchascarriers,warehousemensandmechanicsLiens,ineachcaseforsumsnotyet
overdueforaperiodofmorethan30daysorbeingcontestedingoodfaithbyappropriateproceedingsorotherLiens
arisingoutofjudgmentsorawardsagainstsuchPersonwithrespecttowhichsuchPersonshallthenbeproceedingwith
anappealorotherproceedingsforreviewifadequatereserveswithrespecttheretoaremaintainedonthebooksofsuch
PersoninaccordancewithGAAP
(3)Liensfortaxes,assessmentsorothergovernmentalchargesnotyetoverdueforaperiodofmorethan30daysor
payableorsubjecttopenaltiesfornonpaymentorwhicharebeingcontestedingoodfaithbyappropriateproceedings
diligentlyconducted,ifadequatereserveswithrespecttheretoaremaintainedonthebooksofsuchPersoninaccordance
withGAAP
(4)Liensinfavorofissuersofperformanceandsuretybondsorbidbondsorwithrespecttootherregulatory
requirementsorlettersofcreditissuedpursuanttotherequestofandfortheaccountofsuchPersonintheordinary
courseofitsbusiness
(5)minorsurveyortitleexceptionsorirregularities,minorencumbrances,easementsorreservationsof,orrightsof
othersfor,licenses,permits,conditions,covenants,rightsofway,sewers,electriclines,telegraphandtelephonelines
andothersimilarpurposes,orzoningorotherrestrictionsastotheuseofrealpropertiesorLiensincidentaltothe
conductofthebusinessofsuchPersonortotheownershipofitspropertieswhichwerenotincurredinconnectionwith
Indebtednessandwhichdonotintheaggregatemateriallyadverselyaffectthevalueofsaidpropertiesormaterially
impairtheiruseintheoperationofthebusinessofsuchPerson
(6)LienssecuringIndebtednesspermittedtobeincurredpursuanttoclauses(4),(12)or(13)ofSection4.09(b)
hereofprovidedthat(a)LienssecuringIndebtedness,DisqualifiedStockorPreferredStockpermittedtobeincurred
pursuanttoclause(13)ofSection4.09(b)hereofrelateonlytoRefinancingIndebtednessthatservestorefundor
refinanceIndebtedness,DisqualifiedStockorPreferredStockincurredunderclauses(4)or(12)ofSection4.09(b)hereof,
and(b)LienssecuringIndebtedness,DisqualifiedStockorPreferredStockpermittedtobeincurredpursuantto
clause(4)ofSection4.09(b)hereofextendonlytotheassetssofinanced,purchased,constructedorimproved

33
(7)LiensexistingontheIssueDate
(8)LiensonpropertyorsharesofstockofaPersonatthetimesuchPersonbecomesaSubsidiaryprovided,
however,suchLiensarenotcreatedorincurredinconnectionwith,orincontemplationof,suchotherPersonbecoming
suchaSubsidiaryprovided,further,however,thatsuchLiensmaynotextendtoanyotherpropertyownedbyEFIHor
anyofitsRestrictedSubsidiaries
(9)LiensonpropertyatthetimeEFIHoraRestrictedSubsidiaryacquiredtheproperty,includinganyacquisition
bymeansofamergerorconsolidationwithorintoEFIHoranyofitsRestrictedSubsidiariesprovided,however,that
suchLiensarenotcreatedorincurredinconnectionwith,orincontemplationof,suchacquisitionprovided,further,
however,thattheLiensmaynotextendtoanyotherpropertyownedbyEFIHoranyofitsRestrictedSubsidiaries
(10)LienssecuringIndebtednessorotherobligationsofaRestrictedSubsidiaryowingtoEFIHoranother
RestrictedSubsidiarypermittedtobeincurredinaccordancewithSection4.09hereof
(11)LienssecuringHedgingObligations,ofEFIHoritsRestrictedSubsidiariesincurredunderclause(10)of
Section4.09(b)hereofprovidedthatsuchagreementswereenteredintointheordinarycourseofbusinessandnotfor
speculativepurposes(asdeterminedbyEFIHinitsreasonablediscretionactingingoodfaith)and,inthecaseofany
commodityHedgingObligationsoranyHedgingObligationofthetypedescribedinclause(c)ofthedefinitionof
HedgingObligations,enteredintoinordertohedgeagainstormanagefluctuationsinthepriceoravailabilityofany
CoveredCommodity
(12)LiensonspecificitemsofinventoryorothergoodsandproceedsofanyPersonsecuringsuchPersons
obligationsinrespectofbankersacceptancesissuedorcreatedfortheaccountofsuchPersontofacilitatethepurchase,
shipmentorstorageofsuchinventoryorothergoods
(13)leases,subleases,licensesorsublicensesgrantedtoothersintheordinarycourseofbusinesswhichdonot
materiallyinterferewiththeordinaryconductofthebusinessofEFIHoranyofitsRestrictedSubsidiaries
(14)LiensarisingfromUniformCommercialCodefinancingstatementfilingsregardingoperatingleasesentered
intobyEFIHanditsRestrictedSubsidiariesintheordinarycourseofbusiness
(15)LiensinfavorofEFIHoranyGuarantor
(16)[IntentionallyOmitted]
(17)Liensonaccountsreceivable,otherReceivablesFacilityassets,oraccountsintowhichcollectionsorproceeds
ofReceivablesFacilityassetsaredeposited,ineachcaseinconnectionwithaReceivablesFacilityforthebenefitof
EFIHoritsRestrictedSubsidiaries
(18)Lienstosecureanyrefinancing,refunding,extension,renewalorreplacement(orsuccessiverefinancing,
refunding,extensions,renewalsorreplacements)asawhole,orinpart,ofanyIndebtednesssecuredbyanyLienreferred
tointheforegoingclauses(6),(7),(8)and(9)provided,however,that(a)suchnewLienshallbelimitedtoallorpartof
thesamepropertythatsecuredtheoriginalLien(plusimprovementsonsuchproperty),and(b)theIndebtednesssecured
bysuchLienatsuchtimeisnotincreasedtoanyamountgreaterthanthesumof(i)theoutstandingprincipalamountor,
ifgreater,committedamountoftheIndebtednessdescribed

34
underclauses(6),(7),(8),and(9)atthetimetheoriginalLienbecameaPermittedLienunderthisIndenture,and(ii)an
amountnecessarytopayanyfeesandexpenses,includingpremiums,relatedtosuchrefinancing,refunding,extension,
renewalorreplacement
(19)depositsmadeintheordinarycourseofbusinesstosecureliabilitytoinsurancecarriers
(20)otherLienssecuringobligationsincurredintheordinarycourseofbusinesswhichobligationsdonotexceed
$100.0millionatanyonetimeoutstanding
(21)LienssecuringjudgmentsforthepaymentofmoneynotconstitutinganEventofDefaultunderclause(5)of
Section6.01(a)hereofsolongassuchLiensareadequatelybondedandanyappropriatelegalproceedingsthatmay
havebeendulyinitiatedforthereviewofsuchjudgmenthavenotbeenfinallyterminatedortheperiodwithinwhich
suchproceedingsmaybeinitiatedhasnotexpired
(22)Liensinfavorofcustomsandrevenueauthoritiesarisingasamatteroflawtosecurepaymentofcustoms
dutiesinconnectionwiththeimportationofgoodsintheordinarycourseofbusiness
(23)Liens(i)ofacollectionbankarisingunderSection4210oftheUniformCommercialCode,oranycomparable
orsuccessorprovision,onitemsinthecourseofcollection,and(ii)infavorofbankinginstitutionsarisingasamatterof
lawencumberingdeposits(includingtherightofsetoff)andwhicharewithinthegeneralparameterscustomaryinthe
bankingindustry
(24)LiensdeemedtoexistinconnectionwithInvestmentsinrepurchaseagreementspermittedunderSection4.09
hereofprovidedthatsuchLiensdonotextendtoanyassetsotherthanthosethatarethesubjectofsuchrepurchase
agreements
(25)groundleasesorsubleases,licensesorsublicensesinrespectofrealpropertyonwhichfacilitiesownedor
leasedbyEFIHoranyofitsSubsidiariesarelocated
(26)Liensthatarecontractualrightsofsetoff(i)relatingtotheestablishmentofdepositoryrelationswithbanks
notgiveninconnectionwiththeissuanceofIndebtedness,(ii)relatingtopooleddepositorsweepaccountsofEFIHor
anyofitsRestrictedSubsidiariestopermitsatisfactionofoverdraftorsimilarobligationsincurredintheordinarycourse
ofbusinessofEFIHanditsRestrictedSubsidiariesor(iii)relatingtopurchaseordersandotheragreementsenteredinto
withcustomersofEFIHoranyofitsRestrictedSubsidiariesintheordinarycourseofbusiness
(27)Liensarisingoutofconditionalsale,titleretention,consignmentorsimilararrangementsforthesaleor
purchaseofgoodsenteredintobyEFIHoranyRestrictedSubsidiaryintheordinarycourseofbusiness
(28)rightsreservedtoorvestedinotherstotakeorreceiveanypartof,orroyaltiesrelatedto,thepower,gas,oil,
coal,ligniteorothermineralsortimbergenerated,developed,manufacturedorproducedby,orgrownon,oracquired
with,anypropertyofEFIHoranyofitsRestrictedSubsidiariesandLiensupontheproductionfrompropertyofpower,
gas,oil,coal,ligniteorothermineralsortimber,andthebyproductsandproceedsthereof,tosecuretheobligationsto
payallorapartoftheexpensesofexploration,drilling,miningordevelopmentofsuchpropertyonlyoutofsuch
productionorproceeds
(29)Liensarisingoutofallpresentlyexistingandfuturedivisionandtransferorders,advancepaymentagreements,
processingcontracts,gasprocessingplantagreements,operatingagreements,gasbalancingordeferredproduction
agreements,pooling,unitizationorcommunitizationagreements,pipeline,gatheringortransportationagreements,
platform

35
agreements,drillingcontracts,injectionorrepressuringagreements,cyclingagreements,constructionagreements,salt
waterorotherdisposalagreements,leasesorrentalagreements,farmoutandfarminagreements,explorationand
developmentagreements,andanyandallothercontractsoragreementscovering,arisingoutof,usedorusefulin
connectionwithorpertainingtotheexploration,development,operation,production,sale,use,purchase,exchange,
storage,separation,dehydration,treatment,compression,gathering,transportation,processing,improvement,marketing,
disposalorhandlingofanypropertyofEFIHoranyofitsRestrictedSubsidiariesprovidedthatsuchagreementsare
enteredintointheordinarycourseofbusiness(includinginrespectofconstructionandrestorationactivities)
(30)anyrestrictionsonanystockorstockequivalentsorotherjointventureinterestsofEFIHoranyofits
RestrictedSubsidiariesprovidingforabreach,terminationordefaultunderanyowners,participation,sharedfacility,
jointventure,stockholder,membership,limitedliabilitycompanyorpartnershipagreementbetweensuchPersonand
oneormoreotherholdersofsuchstockorstockequivalentsorinterestofsuchPerson,ifasecurityinterestorotherLien
iscreatedonsuchstockorstockequivalentsorinterestasaresultthereofandothersimilarLiens
(31)[IntentionallyOmitted]
(32)Liensandotherexceptionstotitle,ineithercaseonorinrespectofanyfacilitiesofEFIHoranyofits
RestrictedSubsidiaries,arisingasaresultofanysharedfacilityagreemententeredintowithrespecttosuchfacility,
excepttotheextentthatanysuchLiensorexceptions,individuallyorintheaggregate,materiallyadverselyaffectthe
valueoftherelevantpropertyormateriallyimpairtheuseoftherelevantpropertyintheoperationofbusinessofEFIH
oranyofitsRestrictedSubsidiaries,takenasawhole
(33)LiensoncashandCashEquivalents(i)depositedbyEFIHoranyofitsRestrictedSubsidiariesinmargin
accountswithoronbehalfofbrokers,creditclearingorganizations,independentsystemoperators,regionaltransmission
organizations,pipelines,stateagencies,federalagencies,futurescontractbrokers,customers,tradingcounterparties,or
anyotherpartiesorissuersofsuretybondsor(ii)pledgedordepositedascollateralbyEFIHoranyofitsRestricted
Subsidiarieswithanyoftheentitiesdescribedinclause(i)abovetosecuretheirrespectiveobligations,inthecaseof
eachofclauses(i)and(ii)above,withrespectto:(A)anycontractsandtransactionsforthepurchase,sale,exchangeof,
ortheoption(whetherphysicalorfinancial)topurchase,sellorexchange(1)naturalgas,(2)electricity,(3)coaland
lignite,(4)petroleumbasedliquids,(5)oil,(6)nuclearfuel(includingenrichmentandconversion),(7)emissionsor
otherenvironmentalcredits,(8)wastebyproducts,(9)weather,(10)powerandothergenerationcapacity,(11)heatrate,
(12)congestion,(13)renewalenergycredit,or(14)anyotherenergyrelatedcommodityorservicesorderivative
(includingancillaryservicesandrelatedrisk(suchaslocationbasis))(B)anycontractsortransactionsforthepurchase,
processing,transmission,transportation,distribution,sale,lease,hedgeorstorageof,oranyotherservicesrelatedtoany
commodityorserviceidentifiedinsubparts(1)through(14)above,includinganycapacityagreement(C)anyfinancial
derivativeagreement(includingbutnotlimitedtoswaps,optionsorswaptions)relatedtoanycommodityidentifiedin
subparts(1)through(14)above,ortoanyinterestrateorcurrencyratemanagementactivities(D)anyagreementfor
membershiporparticipationinanorganizationthatfacilitatesorpermitstheenteringintoorclearingofanynetting
agreementoranyagreementdescribedinthisclause(33)(E)anyagreementcombiningpartorallofanetting
agreementorpartorallofanyoftheagreementsdescribedinthisclause(33)(E)anydocumentrelatingtoany
agreementdescribedinthisclause(33)thatisfiledwithaGovernmentAuthorityandanyrelatedserviceagreementsor
(F)anycommercialortradingagreements,eachwithrespectto,orinvolvingthepurchase,transmission,distribution,
sale,leaseorhedgeof,anyenergy,generationcapacityorfuel,oranyotherenergyrelatedcommodityorservice,price
orpriceindicesforanysuchcommoditiesorservicesoranyother

36
similarderivativeagreements,andanyothersimilaragreements(suchagreementsdescribedinclauses(A)through(F)of
thisclause(33)beingcollectively,PermittedContracts),NettingAgreements,HedgingObligationsandlettersof
creditsupportingPermittedContracts,NettingAgreementsandHedgingObligations
(34)LiensarisingunderSection9.343oftheTexasUniformCommercialCodeorsimilarstatutesofstatesother
thanTexas
(35)Lienscreatedintheordinarycourseofbusinessinfavorofbanksandotherfinancialinstitutionsovercredit
balancesofanybankaccountsofEFIHanditsSubsidiariesheldatsuchbanksorfinancialinstitutions,asthecasemay
be,tofacilitatetheoperationofcashpoolingand/orinterestsetoffarrangementsinrespectofsuchbankaccountsinthe
(36)anyzoning,landuse,environmentalorsimilarlaworrightreservedtoorvestedinanyGovernmentAuthority
tocontrolorregulatetheuseofanyrealpropertythatdoesnotmateriallyinterferewiththeordinaryconductofthe
businessofEFIHoranyofitsRestrictedSubsidiaries,takenasawhole
(37)anyLienarisingbyreasonofdepositswithorgivingofanyformofsecuritytoanyGovernmentAuthorityfor
anypurposeatanytimeasrequiredbyapplicablelawasaconditiontothetransactionofanybusinessortheexerciseof
anyprivilegeorlicense,ortoenableEFIHoranyofitsRestrictedSubsidiariestomaintainselfinsuranceorto
participateinanyfundforliabilityonanyinsurancerisks
(38)Liens,restrictions,regulations,easements,exceptionsorreservationsofanyGovernmentAuthorityapplying
particularlytonuclearfuel
(39)rightsreservedtoorvestedinanyGovernmentAuthoritybythetermsofanyright,power,franchise,grant,
licenseorpermit,orbyanyprovisionofapplicablelaw,toterminateormodifysuchright,power,franchise,grant,
licenseorpermitortopurchaseorrecaptureortodesignateapurchaserofanyofthepropertyofsuchperson
(40)LiensarisingunderanyobligationsordutiesaffectinganyofthepropertyofEFIHoranyofitsRestricted
SubsidiariestoanyGovernmentAuthoritywithrespecttoanyfranchise,grant,licenseorpermitwhichdonotmaterially
impairtheuseofsuchpropertyforthepurposesforwhichitisheld
(41)rightsreservedtoorvestedinanyGovernmentAuthoritytouse,controlorregulateanypropertyofsuch
person
(42)anyobligationsorduties,affectingthepropertyofEFIHoranyofitsRestrictedSubsidiaries,toany
GovernmentAuthoritywithrespecttoanyfranchise,grant,licenseorpermit
(43)asetoffornettingrightsgrantedbyEFIHoranySubsidiaryofEFIHpursuanttoanyagreementsrelatedto
HedgingObligations,NettingAgreementsorPermittedContractssolelyinrespectofamountsowingundersuch
agreements
(44)Liens(i)oncashadvancesinfavorofthesellerofanypropertytobeacquiredinanInvestmentdescribed
underthedefinitionofPermittedInvestmentstobeappliedagainstthepurchasepriceforsuchInvestmentand
(ii)consistingofanagreementtosell,transfer,leaseorotherwisedisposeofanypropertyinatransactionexcludedfrom
thedefinitiondescribedunderAssetSale,ineachcase,solelytotheextentsuchInvestmentorsale,disposition,
transferorlease,asthecasemaybe,wouldhavebeenpermittedonthedateofthecreationofsuchLien
(45)[IntentionallyOmitted]and

37
(46)anyamountsheldbyatrusteeinthefundsandaccountsunderanyindenturesecuringanyrevenuebonds
issuedforthebenefitofEFIHoranyofitsRestrictedSubsidiaries.
Forpurposesofthisdefinition,thetermIndebtednessshallbedeemedtoincludeinterestonsuchIndebtedness.
Personmeansanyindividual,corporation,limitedliabilitycompany,partnership,jointventure,association,joint
stockcompany,trust,unincorporatedorganization,governmentoranyagencyorpoliticalsubdivisionthereoforanyother
entity.
PlanofReorganizationmeansanyplanofreorganization,planofliquidation,agreementforcomposition,orother
typeofplanofarrangementproposedinorinconnectionwithanyinsolvencyorliquidationproceeding.
PledgeAgreementmeansthePledgeAgreement,datedNovember16,2009,byEFIH,withrespecttothesecurity
interestsinfavoroftheCollateralTrustee,forthebenefitoftheholdersofParityLienObligations,inalloranyportionofthe
Collateral,ineachcase,asamended,modified,restated,supplementedorreplacedfromtimetotime.
PreferredStockmeansanyEquityInterestwithpreferentialrightsofpaymentofdividendsoruponliquidation,
dissolutionorwindingup.
PrivatePlacementLegendmeansthelegendsetforthinSection2.06(g)(i)hereoftobeplacedonallNotesissued
underthisIndentureexceptwhereotherwisepermittedbytheprovisionsofthisIndenture.
PurchaseMoneyObligationsmeansanyIndebtednessincurredtofinanceorrefinancetheacquisition,leasing,
construction,repair,restoration,replacement,expansionorimprovementofproperty(realorpersonal)orassets(otherthan
CapitalStock),andwhetheracquiredthroughthedirectacquisitionofsuchpropertyorassets,orotherwise,incurredin
respectofcapitalexpenditures,includingEnvironmentalCapExDebtandNecessaryCapExDebt.
QIBmeansaqualifiedinstitutionalbuyerasdefinedinRule144A.
QualifiedProceedsmeansassetsthatareusedorusefulin,orCapitalStockofanyPersonengagedin,aSimilar
BusinessprovidedthatthefairmarketvalueofanysuchassetsorCapitalStockshallbedeterminedbyEFIHingoodfaith.
RatingAgenciesmeanseachofMoodys,S&PandFitch,orifanyofMoodys,S&PorFitchshallnotmakearating
ontheNotesorotherinvestmentpubliclyavailable,anationallyrecognizedstatisticalratingorganizationwithinthe
meaningofSection3(a)(62)oftheExchangeActselectedbyEFIHwhichshallbesubstitutedforMoodys,S&PorFitch,or
allofthem,asthecasemaybe.
ReceivablesFacilitymeansanyofoneormorereceivablesfinancingfacilitiesorprogramsasamended,supplemented,
modified,extended,renewed,restatedorrefundedfromtimetotime,theObligationsofwhicharenonrecourse(exceptfor
customaryrepresentations,warranties,covenantsandindemnitiesmadeinconnectionwithsuchfacilities)toEFIHoranyof
itsRestrictedSubsidiaries(otherthanaReceivablesSubsidiary)pursuanttowhichEFIHoranyofitsRestrictedSubsidiaries
purportstosellitsaccountsreceivabletoeither(a)aPersonthatisnotaRestrictedSubsidiaryor(b)aReceivablesSubsidiary
thatinturnfundssuchpurchasebypurportingtosellitsaccountsreceivabletoaPersonthatisnotaRestrictedSubsidiaryor
byborrowingfromsuchaPersonorfromanotherReceivablesSubsidiarythatinturnfundsitselfbyborrowingfromsucha
Person.

38
ReceivablesFeesmeansdistributionsorpaymentsmadedirectlyorbymeansofdiscountswithrespecttoany
accountsreceivableorparticipationinterestthereinissuedorsoldinconnectionwith,andotherfeespaidtoaPersonthatis
notaRestrictedSubsidiaryinconnectionwithanyReceivablesFacility.
ReceivablesSubsidiarymeansanySubsidiaryformedforthepurposeoffacilitatingorenteringintooneormore
ReceivablesFacilities,andineachcaseengagesonlyinactivitiesreasonablyrelatedorincidentalthereto.
RecordDatefortheinterest(includingAdditionalInterest,ifany)payableonanyapplicableInterestPaymentDate
meansFebruary1orAugust1(whetherornotaBusinessDay),nextprecedingsuchInterestPaymentDate.
RegistrationRightsAgreementmeans(1)theRegistrationRightsAgreementrelatingtotheInitialNotes,datedasof
theIssueDate,amongtheIssuerandtheInitialPurchasers,and(2)withrespecttoanyAdditionalNotes,anyregistration
rightsagreementamongtheIssuerandtheotherpartiestheretorelatingtotheregistrationbytheIssuerofsuchAdditional
NotesundertheSecuritiesAct.
RegulationSmeansRegulationSpromulgatedundertheSecuritiesAct.
RegulationSGlobalNotemeansaGlobalNoteintheformofExhibitAhereto,bearingtheGlobalNoteLegend,the
PrivatePlacementLegendandtheTaxLegend(ifapplicable)anddepositedwithoronbehalfofandregisteredinthenameof
theDepositaryoritsnominee,issuedinadenominationequaltotheoutstandingprincipalamountatmaturityoftheNotes
soldinrelianceonRegulationS.
RelatedBusinessAssetsmeans(A)exceptinthecaseofaPermittedAssetSwapofCollateral,assets(otherthancashor
CashEquivalents)usedorusefulin,orsecuritiesof,aSimilarBusinessprovidedthatanyassetsorsecuritiesreceivedby
EFIHoraRestrictedSubsidiaryinexchangeforassetsorsecuritiestransferredbyEFIHoraRestrictedSubsidiaryshallnotbe
deemedtobeRelatedBusinessAssetsiftheyconsistofsecuritiesofaPerson,unlessuponreceiptofthesecuritiesofsuch
Person,suchPersonwouldbecomeaRestrictedSubsidiaryand(B)inthecaseofaPermittedAssetSwapofCollateral,assets
(otherthancashorCashEquivalents)usedorusefulin,orCapitalStockof,aSimilarOncorBusinessprovidedthatany
CapitalStockreceivedbyEFIHinexchangeforCollateralshallnotbedeemedtobeRelatedBusinessAssets,unlessupon
receiptoftheCapitalStockofsuchPerson,suchPersonwouldbecomeaSubsidiaryofEFIHorajointventureinwhichEFIH
hasasignificantequityinterest(asdeterminedbyEFIHingoodfaith).
RequiredDebtmeans,withrespecttoanyaction,onanydate,theoutstandingprincipalamountof:
(1)theNotes(includinganyAdditionalNotes)and
(2)anysecuritiesthatconstituteParityLienDebtandareissuedaftertheIssueDateanddesignatedasRequiredDebtin
anOfficersCertificatedeliveredtotheTrustee
atsuchdate,otherthan,ineachcase,anysuchdebtbeneficiallyownedbytheIssueroritsAffiliates,votingasasingle
class,excepttotheextentprohibitedbylawprovidedthat(a)RequiredDebtshallonlyincludedebtdescribedinclause
(2)ofthisdefinitiontotheextentsuchdebtwouldrequiretheconsentoftheholdersofthedebtdescribedinthisdefinition
votingasasingleclasstotakesuchaction,excepttotheextentdescribedbelowinclauses(b)and(c)(b)ifanyamendment,
waiverorotheractionwoulddisproportionatelyaffecttheholdersoftheNotesoranyotherseriesofsecuritiesthatconstitute
ParityLienDebt,RequiredDebtshallmeantheNotesorsuchotherseriesofsecuritiesthatconstituteParity

39
LienDebt,asthecasemaybe,votingasasingleclassandtheotherseriesofdebtdescribedinclauses(1)and(2)votingasa
singleclass,and(c)ifanyamendment,waiverorotheractionwouldaffect(i)onlytheNotesor(ii)onlyanyotherseriesof
securitiesthatconstituteParityLienDebt,RequiredDebtshallmeantheNotesorsuchotherseriesofsecuritiesthatconstitute
ParityLienDebt,asthecasemaybe,votingasasingleclasswithoutanyotherseriesofdebt.
Notwithstandingtheforegoing,withrespecttothetakingofanyactionwithrespecttoaDefaultorEventofDefaultor
theexerciseofanyrightsorremedieswithrespecttoanEventofDefault,RequiredDebtshallmeantheNotesandanyother
seriesofsecuritiesthatconstituteParityLienDebtdescribedinclause(2)ofthisdefinitionvotingtogether,onlytotheextent
suchDefaultorEventofDefaultappliestoeachsuchseriesofdebtinthesamemannerandonlytotheextenttheholdersof
eachsuchseriesofdebthavetherighttotakesuchactionorexercisesuchrightsorremedies.
RequiredHoldersmeansPersonsholdingtheRequiredDebt.
ResponsibleOfficermeans,whenusedwithrespecttotheTrustee,anyofficerwithinthecorporatetrustdepartmentof
theTrustee(oranysuccessorgroupoftheTrustee)havingdirectresponsibilityfortheadministrationofthisIndenture,orany
otherofficertowhomanycorporatetrustmatterisreferredbecauseofsuchPersonsknowledgeofandfamiliaritywiththe
particularsubject.
RestorationCertificateshallmean,withrespecttoanyCasualtyEvent,anOfficersCertificateprovidedtotheTrustee
priortothe365 dayaftersuchCasualtyEventhasoccurredcertifying(a)thatEFIHorsuchRestrictedSubsidiaryintendsto
usetheproceedsreceivedinconnectionwithsuchCasualtyEventtorepair,restoreorreplacethepropertyorassetsinrespect
ofwhichsuchCasualtyEventoccurred,(b)theapproximatecostsofcompletionofsuchrepair,restorationorreplacementand
(c)thatsuchrepair,restorationorreplacementshallbecompletedwithinthelaterof(x)450daysafterthedateonwhichcash
proceedswithrespecttosuchCasualtyEventwerereceivedand(y)180daysafterdeliveryofsuchRestorationCertificate.
RestrictedDefinitiveNotemeansaDefinitiveNotebearingthePrivatePlacementLegend.
RestrictedGlobalNotemeansaGlobalNotebearingthePrivatePlacementLegend.
RestrictedInvestmentmeansanInvestmentotherthanaPermittedInvestment.
RestrictedPaymentCoverageRatiomeans(i)forRestrictedPayments(otherthanpaymentsofcashdividendsor
distributionstoEFHCorp.on,orinrespectof,EFIHsCapitalStock,purchasesforcashorotheracquisitionsforcashofany
CapitalStockofEFIHoranydirectorindirectparentofEFIHforthepurposeofpayinganysuchdividendordistributionto,
oracquisitionsofCapitalStockofanydirectorindirectparentofEFIHforcashfrom,theInvestors,orguaranteeingany
IndebtednessofanyAffiliateofEFIHforthepurposeofpayingsuchdividend,makingsuchdistributionorsoacquiringsuch
CapitalStocktoorfromtheInvestors,allsuchRestrictedPaymentsbeingreferredtoasInvestorPayments),theFixed
ChargeCoverageRatioofEFIHanditsRestrictedSubsidiariestreatingtheOncorSubsidiariesasRestrictedSubsidiariesfor
purposesofsuchcalculationand(ii)forRestrictedPaymentsconstitutingInvestorPayments,theFixedChargeCoverage
RatioofEFIHanditsRestrictedSubsidiaries.
RestrictedPeriodmeansthe40daydistributioncomplianceperiodasdefinedinRegulationS.
RestrictedSubsidiarymeans,atanytime,anydirectorindirectSubsidiaryofEFIH(includinganyForeignSubsidiary)
thatisnotthenanUnrestrictedSubsidiaryprovided,however,thatuponanUnrestrictedSubsidiarysceasingtobean
UnrestrictedSubsidiary,suchSubsidiaryshallbeincludedinthedefinitionofRestrictedSubsidiary.

40
th
Rule144meansRule144promulgatedundertheSecuritiesAct.
Rule144AmeansRule144ApromulgatedundertheSecuritiesAct.
S&PmeansStandard&Poors,aStandard&PoorsFinancialServicesLLCbusiness,andanysuccessortoitsrating
agencybusiness.
SaleandLeaseBackTransactionmeansanyarrangementprovidingfortheleasingbyEFIHoranyofitsRestricted
Subsidiariesofanyrealortangiblepersonalproperty,whichpropertyhasbeenoristobesoldortransferredbyEFIHorsuch
RestrictedSubsidiarytoathirdPersonincontemplationofsuchleasing.
SECmeanstheU.S.SecuritiesandExchangeCommission.
SecuredDebtDocumentsmeanstheParityLienDocumentsandtheJuniorLienDocuments.
SecuredDebtObligationsmeansParityLienObligationsandJuniorLienObligations.
SecuredDebtRepresentativesmeanstheParityLienRepresentativesandtheJuniorLienRepresentatives.
SecuredIndebtednessmeansanyIndebtednessofEFIHoranyofitsRestrictedSubsidiariessecuredbyaLien.
SecuredLienDebtmeansParityLienDebtandJuniorLienDebt.
SecuritiesActmeanstheSecuritiesActof1933,asamended,andtherulesandregulationsoftheSECpromulgated
thereunder.
SecurityDocumentsmeanstheCollateralTrustAgreement,thePledgeAgreement,theJuniorLienPledgeAgreement
andallothersecurityagreements,pledgeagreements,collateralassignments,mortgages,collateralagencyagreements,deed
oftrustorothergrantsortransfersforsecurityexecutedanddeliveredbyEFIH,aGuarantororanyotherobligorunderthe
Notescreating(orpurportingtocreate)aLienuponCollateralinfavoroftheCollateralTrusteeforthebenefitoftheholders
oftheSecuredDebtObligations,ineachcase,asamended,modified,renewed,restatedorreplaced,inwholeorinpart,from
timetotime,inaccordancewithitsterms.
SeniorIndebtednessmeans:
(1)allIndebtednessoftheIssueroranyGuarantoroutstandingunderEFIHsguaranteeofanyExistingEFHCorp.
Notes,theEFIH9.75%Notes,theEFIH10.000%Notes,theEFIH11%Notes,theEFIH11.750%NotesandtheNotes
andanyrelatedGuarantees(includinginterestaccruingonorafterthefilingofanypetitioninbankruptcyorsimilar
proceedingorforreorganizationoftheIssueroranyGuarantor(attherateprovidedforinthedocumentationwith
respectthereto,regardlessofwhetherornotaclaimforpostfilinginterestis

41
allowedinsuchproceedings)),andanyandallotherfees,expensereimbursementobligations,indemnificationamounts,
penalties,andotheramounts(whetherexistingontheIssueDateorthereaftercreatedorincurred)andallobligationsof
theIssueroranyGuarantortoreimburseanybankorotherPersoninrespectofamountspaidunderlettersofcredit,
acceptancesorothersimilarinstruments
(2)allHedgingObligationsoftheIssueroranyGuarantor(andguaranteesthereof)owingtoalenderorany
Affiliateofsuchlender(oranyPersonthatwasalenderoranAffiliateofsuchlenderatthetimetheapplicable
agreementgivingrisetosuchHedgingObligationwasenteredinto)providedthatsuchHedgingObligationsare
permittedtobeincurredunderthetermsofthisIndenture
(3)anyotherIndebtednessoftheIssueroranyGuarantorpermittedtobeincurredunderthetermsofthisIndenture,
unlesstheinstrumentunderwhichsuchIndebtednessisincurredexpresslyprovidesthatitissubordinatedinrightof
paymenttotheNotesoranyrelatedGuaranteeand
(4)allObligationswithrespecttotheitemslistedintheprecedingclauses(1),(2)and(3)
provided,however,thatSeniorIndebtednessshallnotinclude:
(a)anyobligationofsuchPersontotheIssueroranyofitsSubsidiaries
(b)anyliabilityforfederal,state,localorothertaxesowedorowingbysuchPerson
(c)anyaccountspayableorotherliabilitytotradecreditorsarisingintheordinarycourseofbusiness
(d)anyIndebtednessorotherObligationofsuchPersonwhichissubordinateorjuniorinanyrespecttoanyother
IndebtednessorotherObligationofsuchPersonand
(e)thatportionofanyIndebtednesswhichatthetimeofincurrenceisincurredinviolationofthisIndenture.
SeriesofJuniorLienDebtmeans,severally,theEFIH11%Notes,theEFIH11.750%Notes,anyadditionalnotes,any
exchangenotesissuedinexchangethereforandeachotherissueorseriesofJuniorLienDebtprovidedthatanyHedging
ObligationsconstitutingJuniorLienDebtshallbedeemedpartoftheSeriesofJuniorLienDebttowhichitrelates.
SeriesofParityLienDebtmeans,severally,theNotes,theEFIH9.75%Notes,theEFIH10.000%Notes,theEFHCorp.
9.75%Notes,theEFHCorp.10.000%NotesandanyAdditionalNotes,ExchangeNotesorotherIndebtednessthatconstitutes
ParityLienDebtprovidedthatanyHedgingObligationsconstitutingParityLienDebtshallbedeemedpartoftheSeriesof
ParityLienDebttowhichitrelates.
SeriesofSecuredLienDebtmeanseachSeriesofParityLienDebtandeachSeriesofJuniorLienDebt.
ShelfRegistrationStatementmeanstheShelfRegistrationStatementasdefinedintheRegistrationRightsAgreement.

42
SignificantSubsidiarymeansanyRestrictedSubsidiarythatwouldbeasignificantsubsidiaryasdefinedin
Article1,Rule102ofRegulationSX,promulgatedpursuanttotheSecuritiesAct,assuchregulationisineffectonthe
ClosingDate.
SimilarBusinessmeansanybusinessconductedorproposedtobeconductedbyEFIHanditsSubsidiariesonthe
ClosingDateoranybusinessthatissimilar,reasonablyrelated,incidentalorancillarythereto.
SimilarOncorBusinessmeansanybusinesswhichisprimarilyengagedinaregulatedelectricityorotherenergy
transmissionordistributionbusinessintheUnitedStates(asdeterminedbyEFIHingoodfaith).
SponsorManagementAgreementmeansthemanagementagreementbetweencertainofthemanagementcompanies
associatedwiththeInvestorsandEFHCorp.
StatedMaturitymeans,withrespecttoanyinstallmentofinterestorprincipalonanyseriesofIndebtedness,thedate
onwhichthepaymentofinterestorprincipalwasscheduledtobepaidinthedocumentationgoverningsuchIndebtednessas
ofthedateofthisIndenture,andshallnotincludeanycontingentobligationstorepay,redeemorrepurchaseanysuch
interestorprincipalpriortothedateoriginallyscheduledforthepaymentthereof.
SubordinatedIndebtednessmeans,
(1)anyIndebtednessoftheIssuerwhichisbyitstermssubordinatedinrightofpaymenttotheNotes,and
(2)anyIndebtednessofanyGuarantorwhichisbyitstermssubordinatedinrightofpaymenttotheGuaranteeof
suchentityoftheNotes.
Subsidiarymeans,withrespecttoanyPerson:
(1)anycorporation,association,orotherbusinessentity(otherthanapartnership,jointventure,limitedliability
companyorsimilarentity)ofwhichmorethan50%ofthetotalvotingpowerofsharesofCapitalStockentitled(without
regardtotheoccurrenceofanycontingency)tovoteintheelectionofdirectors,managersortrusteesthereofisatthe
timeofdeterminationownedorcontrolled,directlyorindirectly,bysuchPersonoroneormoreoftheotherSubsidiaries
ofthatPersonoracombinationthereofand
(2)anypartnership,jointventure,limitedliabilitycompanyorsimilarentityofwhich
(x)morethan50%ofthecapitalaccounts,distributionrights,totalequityandvotinginterestsorgeneralor
limitedpartnershipinterests,asapplicable,areownedorcontrolled,directlyorindirectly,bysuchPersonoroneor
moreoftheotherSubsidiariesofthatPersonoracombinationthereofwhetherintheformofmembership,general,
specialorlimitedpartnershiporotherwise,and
(y)suchPersonoranyRestrictedSubsidiaryofsuchPersonisacontrollinggeneralpartnerorotherwise
controlssuchentity.

43
SuccessorOncorBusinessmeansanyPersontheCapitalStockofwhichisreceivedbyEFIHinanAssetSale,
includingaPermittedAssetSwap,ofCollateralorasadividendordistributionfromanOncorSubsidiary.
TaxLegendmeansthelegendsetforthinSection2.06(g)(iii)hereoftobeplacedonallNotes(ifapplicable)issued
underthisIndentureexceptwhereotherwisepermittedbytheprovisionsofthisIndenture.
TCEHmeansTexasCompetitiveElectricHoldingsCompanyLLC.
TCEHNotesmeansthenotespreviouslyissuedbyTCEHtorefinanceindebtednessundertheTCEHSeniorInterim
Facility.
TCEHSeniorInterimFacilitymeanstheinterimloanagreement,datedasoftheClosingDate,byandamongEFCH,as
guarantor,TCEH,asborrower,theotherguarantorspartiesthereto,thelenderspartytheretointheircapacitiesaslenders
thereunderandMorganStanleySeniorFunding,Inc.,asAdministrativeAgent,includinganyguarantees,instrumentsand
agreementsexecutedinconnectiontherewith,andanyamendments,supplements,modificationsorrestatementsthereof.
TCEHSeniorSecuredFacilitiesmeansthecreditagreementdatedasoftheClosingDate,asamendedonAugust7,
2009andApril7,2011,byandamongEFCH,asguarantor,TCEH,asborrower,thelenderspartytheretointheircapacitiesas
lendersthereunderandCitibank,N.A.,asAdministrativeAgent,includinganyguarantees,collateraldocuments,instruments
andagreementsexecutedinconnectiontherewith,andanyadditionalamendments,supplements,modifications,extensions,
renewals,restatements,refundingsorrefinancingsthereofandanyindenturesorcreditfacilitiesorcommercialpaperfacilities
withbanksorotherinstitutionallendersorinvestorsthatreplace,refundorrefinanceanypartoftheloans,notes,othercredit
facilitiesorcommitmentsthereunder,includinganysuchreplacement,refundingorrefinancingfacilityorindenturethat
increasestheamountborrowablethereunderoraltersthematuritythereof.
TotalAssetsmeansthetotalassetsofEFIHanditsRestrictedSubsidiariesonaconsolidatedbasis,asshownonthe
mostrecentconsolidatedbalancesheetofEFIHorsuchotherPersonasmaybeexpresslystated.
TransactionsmeansthetransactionscontemplatedbytheTransactionAgreement,borrowingsundertheTCEHSenior
SecuredFacilities,theEFHSeniorInterimFacility,theTCEHSeniorInterimFacility,theOncorElectricDeliveryFacilityand
anyReceivablesFacilityasineffectontheClosingDate,anyrepaymentsofindebtednessofEFHCorp.anditsSubsidiaries
inconnectiontherewith,andtheissuanceoftheEFHCorp.2017NotesandtheTCEHNotesandanyrepaymentsof
IndebtednessofEFHCorp.anditsSubsidiariesinconnectiontherewith.
TransactionAgreementmeanstheAgreementandPlanofMerger,datedasofFebruary25,2007,amongMergerSub,
TexasEnergyFutureHoldingsLimitedPartnershipandEFHCorp.
TreasuryRatemeans,asofanyRedemptionDate,theyieldtomaturityasofsuchRedemptionDateofUnitedStates
Treasurysecuritieswithaconstantmaturity(ascompiledandpublishedinthemostrecentFederalReserveStatisticalRelease
H.15(519)thathasbecomepubliclyavailableatleasttwoBusinessDayspriortotheRedemptionDate(or,ifsuchStatistical
Releaseisnolongerpublished,anypubliclyavailablesourceofsimilarmarketdata))mostnearlyequaltotheperiodfromthe
RedemptionDatetoFebruary15,2015provided,however,thatiftheperiodfromtheRedemptionDatetoFebruary15,2015
islessthanoneyear,theweeklyaverageyieldonactuallytradedUnitedStatesTreasurysecuritiesadjustedtoaconstant
maturityofoneyearshallbeused.

44
TrustIndentureActorTIAmeanstheTrustIndentureActof1939,asamended(15U.S.C.77aaa77bbbb).
TrusteemeansTheBankofNewYorkMellonTrustCompany,N.A.,astrustee,untilasuccessorreplacesitin
accordancewiththeapplicableprovisionsofthisIndentureand,thereafter,meansthesuccessorservinghereunder.
UniformCommercialCodemeanstheUniformCommercialCodeasineffectfromtimetotimeinanyapplicable
jurisdiction.
UnrestrictedCashmeans,asofanydate,withoutduplication,(a)allcashandCashEquivalents(ineachcase,freeand
clearofallLiens,otherthannonconsensualLienspermittedbySection4.12hereofandLienspermittedbyclause(23),
subclauses(i)and(ii)ofclause(26)andclause(33)ofthedefinitionofPermittedLiens,includedinthecashandcash
equivalentsaccountslistedontheconsolidatedbalancesheetofEFIHanditsRestrictedSubsidiariesasofsuchdateand
(b)allunrestrictedmargindepositsrelatedtocommoditypositionslistedontheconsolidatedbalancesheetofEFIHandthe
RestrictedSubsidiaries.
UnrestrictedDefinitiveNotemeansoneormoreDefinitiveNotesthatdonotbearandarenotrequiredtobearthe
PrivatePlacementLegend.
UnrestrictedGlobalNotemeansapermanentGlobalNote,substantiallyintheformofExhibitAhereto,thatbearsthe
GlobalNoteLegendandthathastheScheduleofExchangesofInterestsintheGlobalNoteattachedthereto,andthatis
depositedwithoronbehalfofandregisteredinthenameoftheDepositary,representingoneormoreGlobalNotesthatdonot
bearandarenotrequiredtobearthePrivatePlacementLegend.
UnrestrictedSubsidiarymeans:
(1)eachoftheOncorSubsidiaries
(2)anySubsidiaryofEFIHotherthanEFIHFinanceoranyGuarantorowningCollateralwhichatthetimeof
determinationisanUnrestrictedSubsidiary(asdesignatedbyEFIH,asprovidedbelow)and
(3)anySubsidiaryofanUnrestrictedSubsidiary.
EFIHmaydesignateanySubsidiaryofEFIH(includinganyexistingSubsidiaryandanynewlyacquiredornewly
formedSubsidiary)otherthanEFIHFinanceoranyGuarantorowningCollateraltobeanUnrestrictedSubsidiaryunlesssuch
SubsidiaryoranyofitsSubsidiariesownsanyEquityInterestsorIndebtednessof,orownsorholdsanyLienon,anyproperty
of,EFIHoranySubsidiaryofEFIH(otherthansolelyanySubsidiaryoftheSubsidiarytobesodesignated)providedthat
(1)anyUnrestrictedSubsidiarymustbeanentityofwhichtheEquityInterestsentitledtocastatleastamajorityof
thevotesthatmaybecastbyallEquityInterestshavingordinaryvotingpowerfortheelectionofdirectorsorPersons
performingasimilarfunctionareowned,directlyorindirectly,byEFIH

45
(2)suchdesignationcomplieswithSection4.07hereofand
(3)eachof:
(a)theSubsidiarytobesodesignatedand
(b)itsSubsidiaries
hasnotatthetimeofdesignation,anddoesnotthereafter,create,incur,issue,assume,guaranteeorotherwisebecome
directlyorindirectlyliablewithrespecttoanyIndebtednesspursuanttowhichthelenderhasrecoursetoanyofthe
assetsofEFIHoranyRestrictedSubsidiary.
EFIHmaydesignateanyUnrestrictedSubsidiarytobeaRestrictedSubsidiaryprovidedthat,immediatelyaftergiving
effecttosuchdesignation,noDefaultshallhaveoccurredandbecontinuingand,inthecaseofanySubsidiaryofEFIH,
(A)EFIHcouldincuratleast$1.00ofadditionalIndebtednesspursuanttotheFixedChargeCoverageRatiotestassetforth
inSection4.09(a)hereofor(B)theFixedChargeCoverageRatioforEFIHanditsRestrictedSubsidiarieswouldbegreater
thansuchratioforEFIHanditsRestrictedSubsidiariesimmediatelypriortosuchdesignation,ineachcaseonaproforma
basistakingintoaccountsuchdesignation.
AnysuchdesignationbyEFIHshallbenotifiedbyEFIHtotheTrusteebypromptlyfilingwiththeTrusteeacopyofthe
resolutionoftheBoardofDirectorsofEFIHoranycommitteethereofgivingeffecttosuchdesignationandanOfficers
Certificatecertifyingthatsuchdesignationcompliedwiththeforegoingprovisions.
U.S.PersonmeansaU.S.personasdefinedinRule902(k)promulgatedundertheSecuritiesAct.
VotingStockofanyPersonasofanydatemeanstheCapitalStockofsuchPersonthatisatthetimeentitledtovotein
theelectionoftheBoardofDirectorsofsuchPerson.
WeightedAverageLifetoMaturitymeans,whenappliedtoanyIndebtedness,DisqualifiedStockorPreferredStock,
asthecasemaybe,atanydate,thequotientobtainedbydividing:
(1)thesumoftheproductsofthenumberofyearsfromthedateofdeterminationtothedateofeachsuccessive
scheduledprincipalpaymentofsuchIndebtednessorredemptionorsimilarpaymentwithrespecttosuchDisqualified
StockorPreferredStockmultipliedbytheamountofsuchpaymentby
(2)thesumofallsuchpayments.
WhollyOwnedSubsidiaryofanyPersonmeansaSubsidiaryofsuchPerson,100%oftheoutstandingEquityInterests
ofwhich(otherthandirectorsqualifyingshares)shallatthetimebeownedbysuchPersonorbyoneormoreWhollyOwned
SubsidiariesofsuchPerson.

46
Section1.02OtherDefinitions.

Term
Definedin
Section
AcceptableCommitment
4.10(b)
AffiliateTransaction 4.11(a)
AssetSaleOffer 4.10(d)
ChangeofControlOffer 4.14(a)
ChangeofControlPayment 4.14(a)
ChangeofControlPaymentDate 4.14(a)(2)
CollateralAssetSaleOffer 4.10(h)
CollateralExcessProceeds 4.10(h)
IssuerAuthenticationOrder 2.02
CovenantDefeasance 8.03
DTC 2.03
EventofDefault 6.01
ExcessProceeds 4.10(d)
incurincurrence 4.09(a)
LegalDefeasance 8.02
NoteRegister 2.03
OfferAmount 3.09(b)
OfferPeriod 3.09(b)
PayingAgent 2.03
PurchaseDate 3.09(b)
RedemptionDate 3.07(a)
RefinancingIndebtedness 4.09(b)(13)
RefundingCapitalStock 4.07(b)(2)
Registrar 2.03
RestrictedPayments 4.07(a)
SecondCommitment 4.10(b)
SuccessorCompany 5.01(a)(1)
TreasuryCapitalStock 4.07(b)(2)
Section1.03IncorporationbyReferenceofTrustIndentureAct.
WheneverthisIndenturereferstoaprovisionoftheTrustIndentureAct,theprovisionisincorporatedbyreferencein
andmadeapartofthisIndenture.
ThefollowingTrustIndentureActtermsusedinthisIndenturehavethefollowingmeanings:
indenturesecuritiesmeanstheNotes
indenturesecurityholdermeansaHolderofaNote
indenturetobequalifiedmeansthisIndenture
indenturetrusteeorinstitutionaltrusteemeanstheTrusteeand
obligorontheNotesandtheGuaranteesmeanstheIssuerandtheGuarantors,respectively,andanysuccessorobligor
upontheNotesandtheGuarantees,respectively.
AllothertermsusedinthisIndenturethataredefinedbytheTrustIndentureAct,definedbyTrustIndentureAct
referencetoanotherstatuteordefinedbySECruleundertheTrustIndentureActhavethemeaningssoassignedtothem.
Section316(a)oftheTrustIndentureActshallnotapplytotheprovisionsofthisIndenturerelatingtotheRequired
Debtortheconsent,vote,approvalorotheractionrequiredbytheRequiredHolders(otherthanwithrespecttothe
requirementthatanyRequiredDebtownedbytheIssueroranyofitsAffiliatesshallbedisregardedforpurposesofany
consent,vote,approvalorotheractionrequiredbytheRequiredHolders).

47
Section1.04RulesofConstruction.
Unlessthecontextotherwiserequires:
(a)atermhasthemeaningassignedtoit
(b)anaccountingtermnototherwisedefinedhasthemeaningassignedtoitinaccordancewithGAAP
(c)orisnotexclusive
(d)wordsinthesingularincludetheplural,andinthepluralincludethesingular
(e)willshallbeinterpretedtoexpressacommand
(f)provisionsapplytosuccessiveeventsandtransactions
(g)referencestosectionsof,orrulesunder,theSecuritiesActshallbedeemedtoincludesubstitute,replacementor
successorsectionsorrulesadoptedbytheSECfromtimetotime
(h)unlessthecontextotherwiserequires,anyreferencetoanArticle,SectionorclausereferstoanArticle,
Sectionorclause,asthecasemaybe,ofthisIndenture
(i)thewordsherein,hereofandhereunderandotherwordsofsimilarimportrefertothisIndentureasawholeand
notanyparticularArticle,Section,clauseorothersubdivisionand
(j)thetermconsolidatedwithrespecttoanyPersonreferstosuchPersononaconsolidatedbasisinaccordancewith
GAAP,butexcludingfromsuchconsolidationanyUnrestrictedSubsidiaryasifsuchUnrestrictedSubsidiarywerenotan
AffiliateofsuchPerson.
Section1.05ActsofHolders.
(a)Anyrequest,demand,authorization,direction,notice,consent,waiverorotheractionprovidedbythisIndentureto
begivenortakenbyHoldersmaybeembodiedinandevidencedbyoneormoreinstrumentsofsubstantiallysimilartenor
signedbysuchHoldersinpersonorbyanagentdulyappointedinwriting.Exceptashereinotherwiseexpresslyprovided,
suchactionshallbecomeeffectivewhensuchinstrumentorinstrumentsorrecordorbotharedeliveredtotheTrusteeand,
whereitisherebyexpresslyrequired,totheIssuer.Proofofexecutionofanysuchinstrumentorofawritingappointingany
suchagent,ortheholdingbyanyPersonofaNote,shallbesufficientforanypurposeofthisIndentureand(subjectto
Section7.01hereof)conclusiveinfavoroftheTrusteeandtheIssuer,ifmadeinthemannerprovidedinthisSection1.05.
(b)ThefactanddateoftheexecutionbyanyPersonofanysuchinstrumentorwritingmaybeprovedbytheaffidavitof
awitnessofsuchexecutionorbythecertificateofanynotarypublicorotherofficerauthorizedbylawtotake
acknowledgmentsofdeeds,certifyingthattheindividualsigningsuchinstrumentorwritingacknowledgedtohimthe
executionthereof.Wheresuchexecutionisbyoronbehalfofanylegalentityotherthananindividual,suchcertificateor
affidavitshallalsoconstituteproofoftheauthorityofthePersonexecutingthesame.Thefactanddateoftheexecutionof
anysuchinstrumentorwriting,ortheauthorityofthePersonexecutingthesame,mayalsobeprovedinanyothermanner
thattheTrusteedeemssufficient.

48
(c)TheownershipofNotesshallbeprovedbytheNoteRegister.
(d)Anyrequest,demand,authorization,direction,notice,consent,waiverorotheractionbytheHolderofanyNoteshall
bindeveryfutureHolderofthesameNoteandtheHolderofeveryNoteissuedupontheregistrationoftransferthereoforin
exchangetherefororinlieuthereof,inrespectofanyactiontaken,sufferedoromittedbytheTrusteeortheIssuerinreliance
thereon,whetherornotnotationofsuchactionismadeuponsuchNote.
(e)TheIssuermay,inthecircumstancespermittedbytheTrustIndentureAct,setarecorddateforpurposesof
determiningtheidentityofHoldersentitledtogiveanyrequest,demand,authorization,direction,notice,consent,waiveror
takeanyotheract,ortovoteorconsenttoanyactionbyvoteorconsentauthorizedorpermittedtobegivenortakenby
Holders.Unlessotherwisespecified,ifnotsetbytheIssuerpriortothefirstsolicitationofaHoldermadebyanyPersonin
respectofanysuchaction,orinthecaseofanysuchvote,priortosuchvote,anysuchrecorddateshallbethelaterof10days
priortothefirstsolicitationofsuchconsentorthedateofthemostrecentlistofHoldersfurnishedtotheTrusteepriortosuch
solicitation.
(f)Withoutlimitingtheforegoing,aHolderentitledtotakeanyactionhereunderwithregardtoanyparticularNotemay
dosowithregardtoalloranypartoftheprincipalamountofsuchNoteorbyoneormoredulyappointedagents,eachof
whichmaydosopursuanttosuchappointmentwithregardtoalloranypartofsuchprincipalamount.Anynoticegivenor
actiontakenbyaHolderoritsagentswithregardtodifferentpartsofsuchprincipalamountpursuanttothisparagraphshall
havethesameeffectasifgivenortakenbyseparateHoldersofeachsuchdifferentpart.
(g)Withoutlimitingthegeneralityoftheforegoing,aHolder,includingDTCthatistheHolderofaGlobalNote,may
make,giveortake,byaproxyorproxiesdulyappointedinwriting,anyrequest,demand,authorization,direction,notice,
consent,waiverorotheractionprovidedinthisIndenturetobemade,givenortakenbyHolders,andDTCthatistheHolder
ofaGlobalNotemayprovideitsproxyorproxiestothebeneficialownersofinterestsinanysuchGlobalNotethroughsuch
depositarysstandinginstructionsandcustomarypractices.
(h)TheIssuermayfixarecorddateforthepurposeofdeterminingthePersonswhoarebeneficialownersofinterestsin
anyGlobalNoteheldbyDTCentitledundertheproceduresofsuchdepositarytomake,giveortake,byaproxyorproxies
dulyappointedinwriting,anyrequest,demand,authorization,direction,notice,consent,waiverorotheractionprovidedin
thisIndenturetobemade,givenortakenbyHolders.Ifsucharecorddateisfixed,theHoldersonsuchrecorddateortheir
dulyappointedproxyorproxies,andonlysuchPersons,shallbeentitledtomake,giveortakesuchrequest,demand,
authorization,direction,notice,consent,waiverorotheraction,whetherornotsuchHoldersremainHoldersaftersuchrecord
date.Nosuchrequest,demand,authorization,direction,notice,consent,waiverorotheractionshallbevalidoreffectiveif
made,givenortakenmorethan90daysaftersuchrecorddate.

49
ARTICLE2
THENOTES
Section2.01FormandDatingTerms.
(a)General.TheNotesandtheTrusteescertificateofauthenticationshallbesubstantiallyintheformofExhibitA
hereto.TheNotesmayhavenotations,legendsorendorsementsrequiredbylaw,stockexchangerulesorusage.EachNote
shallbedatedthedateofitsauthentication.TheNotesshallbeinminimumdenominationsof$2,000andintegralmultiples
of$1,000inexcessthereof.
(b)GlobalNotes.NotesissuedinglobalformshallbesubstantiallyintheformofExhibitAhereto(including,ineach
case,theGlobalNoteLegendthereonandtheScheduleofExchangesofInterestsintheGlobalNoteattachedthereto).
NotesissuedindefinitiveformshallbesubstantiallyintheformofExhibitAattachedhereto(butwithout,ineachcase,the
GlobalNoteLegendthereonandwithouttheScheduleofExchangesofInterestsintheGlobalNoteattachedthereto).Each
GlobalNoteshallrepresentsuchoftheoutstandingNotesasshallbespecifiedintheScheduleofExchangesofInterestsin
theGlobalNoteattachedtheretoandeachshallprovidethatitshallrepresentuptotheaggregateprincipalamountofNotes
fromtimetotimeendorsedthereonandthattheaggregateprincipalamountofoutstandingNotesrepresentedtherebymay
fromtimetotimebereducedorincreased,asapplicable,toreflectexchangesandredemptions.AnyendorsementofaGlobal
NotetoreflecttheamountofanyincreaseordecreaseintheaggregateprincipalamountofoutstandingNotesrepresented
therebyshallbemadebytheTrusteeortheCustodian,atthedirectionoftheTrustee,inaccordancewithinstructionsgiven
bytheHolderthereofasrequiredbySection2.06hereof.
(c)[Reserved]
(d)Terms.TheaggregateprincipalamountofNotesthatmaybeauthenticatedanddeliveredunderthisIndentureis
unlimited.
ThetermsandprovisionscontainedintheNotesshallconstitute,andareherebyexpresslymade,apartofthisIndenture
andtheIssuer,theGuarantorsandtheTrustee,bytheirexecutionanddeliveryofthisIndenture,expresslyagreetosuchterms
andprovisionsandtobeboundthereby.However,totheextentanyprovisionofanyNoteconflictswiththeexpress
provisionsofthisIndenture,theprovisionsofthisIndentureshallgovernandbecontrolling.
TheNotesshallbesubjecttorepurchasebytheIssuerpursuanttoanAssetSaleOfferoraCollateralAssetSaleOfferas
providedinSection4.10hereoforaChangeofControlOfferasprovidedinSection4.14hereof.TheNotesshallnotbe
redeemableotherthanasprovidedinArticle3hereof.
AdditionalNotesrankingparipassuwiththeInitialNotesmaybecreatedandissuedfromtimetotimebytheIssuer
withoutnoticetoorconsentoftheHoldersandshallbeconsolidatedwithandformasingleclasswiththeInitialNotesand
shallhavethesametermsastostatus,redemptionorotherwiseastheInitialNotesprovidedthattheIssuersabilitytoissue
AdditionalNotesshallbesubject,amongotherthings,totheIssuerscompliancewithSections4.09and4.12hereof.Except
asdescribedunderArticle9hereof,theInitialNotesofferedbytheIssuer,anyAdditionalNotessubsequentlyissuedunder
thisIndentureandanyotherseriesofdebtsecuritiesconstitutingRequiredDebtunderthisIndentureshallbetreatedasa
singleclassforallpurposesunderthisIndenture,including,amongotherthings,waivers,amendmentsandofferstopurchase.
Unlessthecontextrequiresotherwise,referencestoNotesforallpurposesunderthisIndentureincludeanyAdditional
Notesthatareactuallyissued.AnyAdditionalNotesshallbeissuedwiththebenefitofanindenturesupplementaltothis
Indenture.

50
(e)EuroclearandClearstreamProceduresApplicable.TheprovisionsoftheOperatingProceduresoftheEuroclear
SystemandTermsandConditionsGoverningUseofEuroclearandtheGeneralTermsandConditionsofClearstream
BankingandCustomerHandbookofClearstreamshallbeapplicabletotransfersofbeneficialinterestsintheRegulationS
GlobalNotesthatareheldbyParticipantsthroughEuroclearorClearstream.
Section2.02ExecutionandAuthentication.
AtleastoneOfficershallexecutetheNotesonbehalfoftheIssuerbymanualorfacsimilesignature.
IfanOfficerwhosesignatureisonaNotenolongerholdsthatofficeatthetimeaNoteisauthenticated,theNoteshall
neverthelessbevalid.
ANoteshallnotbeentitledtoanybenefitunderthisIndentureorbevalidorobligatoryforanypurposeuntil
authenticatedsubstantiallyintheformofExhibitAattachedheretobythemanualsignatureoftheTrustee.Thesignature
shallbeconclusiveevidencethattheNotehasbeendulyauthenticatedanddeliveredunderthisIndenture.
OntheIssueDate,theTrusteeshall,uponreceiptofawrittenorderoftheIssuersignedbyanOfficer(anIssuer
AuthenticationOrder),authenticateanddelivertheInitialNotes.Inaddition,atanytime,andfromtimetotime,theTrustee
shall,uponreceiptofanIssuerAuthenticationOrder,authenticateanddeliveranyAdditionalNotesorExchangeNotesforan
aggregateprincipalamountspecifiedinsuchIssuerAuthenticationOrderforsuchAdditionalNotesorExchangeNotes.Such
IssuerAuthenticationOrdershallspecifytheamountoftheNotestobeauthenticatedand,inthecaseofanyissuanceof
AdditionalNotes,shallcertifythatsuchissuanceisincompliancewithSections4.09and4.12hereof.
TheTrusteemayappointanauthenticatingagentacceptabletotheIssuertoauthenticateNotes.Anauthenticatingagent
mayauthenticateNoteswhenevertheTrusteemaydoso.EachreferenceinthisIndenturetoauthenticationbytheTrustee
includesauthenticationbysuchagent.AnauthenticatingagenthasthesamerightsasanAgenttodealwithHoldersoran
AffiliateoftheIssuer.
Section2.03RegistrarandPayingAgent.
TheIssuershallmaintainanofficeoragencywhereNotesmaybepresentedforregistrationoftransferorforexchange
(Registrar)andanofficeoragencywhereNotesmaybepresentedforpayment(PayingAgent).TheRegistrarshallkeepa
registeroftheNotes(NoteRegister)andoftheirtransferandexchange.TheIssuermayappointoneormorecoregistrars
andoneormoreadditionalpayingagents.ThetermRegistrarincludesanycoregistrarandthetermPayingAgent
includesanyadditionalpayingagent.TheIssuermaychangeanyPayingAgentorRegistrarwithoutpriornoticetoany
Holder.
TheIssuershallnotifytheTrusteeinwritingofthenameandaddressofanyAgentnotapartytothisIndenture.Ifthe
IssuerfailstoappointormaintainanotherentityasRegistrarorPayingAgent,theTrusteeshallactassuchRegistraror
PayingAgent.TheIssueroranyofitsSubsidiariesmayactasRegistrarorPayingAgent.
TheIssuerinitiallyappointsTheDepositoryTrustCompany(DTC)toactasDepositarywithrespecttotheGlobal
Notes.

51
TheIssuerinitiallyappointstheTrusteetoactastheRegistrarandPayingAgentfortheNotesandtoactasCustodian
withrespecttotheGlobalNotes.
Section2.04PayingAgenttoHoldMoneyinTrust.
TheIssuershallrequireeachPayingAgentotherthantheTrusteetoagreeinwritingthatthePayingAgentshallholdin
trustforthebenefitofHoldersortheTrusteeallmoneyheldbythePayingAgentforthepaymentofprincipaloforpremium
orcashinterest(includingAdditionalInterest,ifany)ontheNotes,andshallnotifytheTrusteeofanydefaultbytheIssuerin
makinganysuchpayment.Whileanysuchdefaultcontinues,theTrusteemayrequireaPayingAgenttopayallmoneyheld
byittotheTrustee.TheIssueratanytimemayrequireaPayingAgenttopayallmoneyheldbyittotheTrustee.Upon
paymentovertotheTrustee,thePayingAgent(ifotherthantheIssueroraSubsidiary)shallhavenofurtherliabilityforthe
money.IftheIssueroraSubsidiaryactsasPayingAgent,itshallsegregateandholdinaseparatetrustfundforthebenefitof
theHoldersallmoneyheldbyitasPayingAgent.UponanybankruptcyorreorganizationproceedingsrelatingtotheIssuer,
theTrusteeshallserveasPayingAgentfortheNotes.
Section2.05HolderLists.
TheTrusteeshallpreserveinascurrentaformasisreasonablypracticablethemostrecentlistavailabletoitofthe
namesandaddressesofallHoldersandshallotherwisecomplywithTrustIndentureActSection312(a).IftheTrusteeisnot
theRegistrar,theIssuershallfurnishtotheTrusteeatleasttwoBusinessDaysbeforeeachInterestPaymentDateandatsuch
othertimesastheTrusteemayrequestinwriting,alistinsuchformandasofsuchdateastheTrusteemayreasonablyrequire
ofthenamesandaddressesoftheHoldersofNotesandtheIssuershallotherwisecomplywithTrustIndentureAct
Section312(a).
Section2.06TransferandExchange.
(a)TransferandExchangeofGlobalNotes.ExceptasotherwisesetforthinthisSection2.06,aGlobalNotemaybe
transferred,inwholeandnotinpart,onlytoanothernomineeoftheDepositaryortoasuccessorDepositaryoranomineeof
suchsuccessorDepositary.AbeneficialinterestinaGlobalNotemaynotbeexchangedforaDefinitiveNoteunless(i)the
Depositary(x)notifiestheIssuerthatitisunwillingorunabletocontinueasDepositaryforsuchGlobalNoteor(y)has
ceasedtobeaclearingagencyregisteredundertheExchangeActand,ineithercase,asuccessorDepositaryisnotappointed
bytheIssuerwithin120daysor(ii)thereshallhaveoccurredandbecontinuingaDefaultwithrespecttotheNotes.Uponthe
occurrenceofanyoftheprecedingeventsin(i)or(ii)above,DefinitiveNotesdeliveredinexchangeforanyGlobalNoteor
beneficialintereststhereinwillberegisteredinthenames,andissuedinanyapproveddenominations,requestedbyoron
behalfoftheDepositary(inaccordancewithitscustomaryprocedures).GlobalNotesalsomaybeexchangedorreplaced,in
wholeorinpart,asprovidedinSections2.07and2.10hereof.EveryNoteauthenticatedanddeliveredinexchangefor,orin
lieuof,aGlobalNoteoranyportionthereof,pursuanttothisSection2.06orSection2.07or2.10hereof,shallbe
authenticatedanddeliveredintheformof,andshallbe,aGlobalNote,exceptforDefinitiveNotesissuedsubsequenttoany
oftheprecedingeventsin(i)or(ii)aboveandpursuanttoSection2.06(c)hereof.AGlobalNotemaynotbeexchangedfor
anotherNoteotherthanasprovidedinthisSection2.06(a)provided,however,beneficialinterestsinaGlobalNotemaybe
transferredandexchangedasprovidedinSection2.06(b),(c)or(f)hereof.
(b)TransferandExchangeofBeneficialInterestsintheGlobalNotes.Thetransferandexchangeofbeneficialinterests
intheGlobalNotesshallbeeffectedthroughtheDepositary,inaccordancewiththeprovisionsofthisIndentureandthe
ApplicableProcedures.Beneficialinterestsin

52
theRestrictedGlobalNotesshallbesubjecttorestrictionsontransfercomparabletothosesetforthhereintotheextent
requiredbytheSecuritiesAct.TransfersofbeneficialinterestsintheGlobalNotesalsoshallrequirecompliancewitheither
subparagraph(i)or(ii)below,asapplicable,aswellasoneormoreoftheotherfollowingsubparagraphs,asapplicable:
(i)TransferofBeneficialInterestsintheSameGlobalNote.BeneficialinterestsinanyRestrictedGlobalNotemay
betransferredtoPersonswhotakedeliverythereofintheformofabeneficialinterestinthesameRestrictedGlobalNote
inaccordancewiththetransferrestrictionssetforthinthePrivatePlacementLegendprovided,however,thatpriortothe
expirationoftheRestrictedPeriod,transfersofbeneficialinterestsinaRegulationSGlobalNotemaynotbemadetoa
U.S.PersonorfortheaccountorbenefitofaU.S.Person.BeneficialinterestsinanyUnrestrictedGlobalNotemaybe
transferredtoPersonswhotakedeliverythereofintheformofabeneficialinterestinanUnrestrictedGlobalNote.No
writtenordersorinstructionsshallberequiredtobedeliveredtotheRegistrartoeffectthetransfersdescribedinthis
Section2.06(b)(i).
(ii)AllOtherTransfersandExchangesofBeneficialInterestsinGlobalNotes.Inconnectionwithalltransfersand
exchangesofbeneficialintereststhatarenotsubjecttoSection2.06(b)(i)hereof,thetransferorofsuchbeneficialinterest
mustdelivertotheRegistrareither(A)both(1)awrittenorderfromaParticipantoranIndirectParticipantgiventothe
DepositaryinaccordancewiththeApplicableProceduresdirectingtheDepositarytocreditorcausetobecrediteda
beneficialinterestinanotherGlobalNoteinanamountequaltothebeneficialinteresttobetransferredorexchanged
and(2)instructionsgiveninaccordancewiththeApplicableProcedurescontaininginformationregardingthe
Participantaccounttobecreditedwithsuchincreaseor(B)both(1)awrittenorderfromaParticipantoranIndirect
ParticipantgiventotheDepositaryinaccordancewiththeApplicableProceduresdirectingtheDepositarytocausetobe
issuedaDefinitiveNoteofthesameseriesinanamountequaltothebeneficialinteresttobetransferredorexchanged
and(2)instructionsgivenbytheDepositarytotheRegistrarcontaininginformationregardingthePersoninwhosename
suchDefinitiveNoteshallberegisteredtoeffectthetransferorexchangereferredtoin(1)above.Uponconsummationof
anExchangeOfferbytheIssuerinaccordancewithSection2.06(f)hereof,therequirementsofthisSection2.06(b)(ii)
shallbedeemedtohavebeensatisfieduponreceiptbytheRegistraroftheinstructionscontainedintheLetterof
TransmittaldeliveredbytheHolderofsuchbeneficialinterestsintheRestrictedGlobalNotes.Uponsatisfactionofall
oftherequirementsfortransferorexchangeofbeneficialinterestsinGlobalNotescontainedinthisIndentureandthe
NotesorotherwiseapplicableundertheSecuritiesAct,theTrusteeshalladjusttheprincipalamountoftherelevant
GlobalNote(s)pursuanttoSection2.06(h)hereof.
(iii)TransferofBeneficialIntereststoAnotherRestrictedGlobalNote.AbeneficialinterestinanyRestricted
GlobalNotemaybetransferredtoaPersonwhotakesdeliverythereofintheformofabeneficialinterestinanother
RestrictedGlobalNoteifthetransfercomplieswiththerequirementsofSection2.06(b)(ii)hereofandtheRegistrar
receivesthefollowing:
(A)ifthetransfereewilltakedeliveryintheformofabeneficialinterestina144AGlobalNote,thenthe
transferormustdeliveracertificateintheformofExhibitBhereto,includingthecertificationsinitem(1)thereof
or
(B)ifthetransfereewilltakedeliveryintheformofabeneficialinterestinaRegulationSGlobalNote,then
thetransferormustdeliveracertificateintheformofExhibitBhereto,includingthecertificationsinitem(2)
thereof.

53
(iv)TransferandExchangeofBeneficialInterestsinaRestrictedGlobalNoteforBeneficialInterestsinan
UnrestrictedGlobalNote.AbeneficialinterestinanyRestrictedGlobalNotemaybeexchangedbyanyholderthereof
forabeneficialinterestinanUnrestrictedGlobalNoteortransferredtoaPersonwhotakesdeliverythereofintheformof
abeneficialinterestinanUnrestrictedGlobalNoteiftheexchangeortransfercomplieswiththerequirementsof
Section2.06(b)(ii)hereofand:
(A)suchexchangeortransferiseffectedpursuanttotheExchangeOfferinaccordancewiththeRegistration
RightsAgreementandtheholderofthebeneficialinteresttobetransferred,inthecaseofanexchange,orthe
transferee,inthecaseofatransfer,certifiesintheapplicableLetterofTransmittalthatitisnot(1)abrokerdealer,
(2)aPersonparticipatinginthedistributionoftheExchangeNotesor(3)aPersonwhoisanaffiliate(asdefinedin
Rule144)oftheIssuer
(B)suchtransferiseffectedpursuanttotheShelfRegistrationStatementinaccordancewiththeRegistration
RightsAgreement
(C)suchtransferiseffectedbyabrokerdealerpursuanttotheExchangeRegistrationStatementinaccordance
withtheRegistrationRightsAgreementor
(D)theRegistrarreceivesthefollowing:
(1)iftheholderofsuchbeneficialinterestinaRestrictedGlobalNoteproposestoexchangesuch
beneficialinterestforabeneficialinterestinanUnrestrictedGlobalNoteofthesameseries,acertificatefrom
suchHoldersubstantiallyintheformofExhibitChereto,includingthecertificationsinitem(1)(a)thereof
or
(2)iftheholderofsuchbeneficialinterestinaRestrictedGlobalNoteproposestotransfersuch
beneficialinteresttoaPersonwhoshalltakedeliverythereofintheformofabeneficialinterestinan
UnrestrictedGlobalNoteofthesameseries,acertificatefromsuchholderintheformofExhibitBhereto,
includingthecertificationsinitem(4)thereof
and,ineachsuchcasesetforthinthissubparagraph(D),iftheRegistrarsorequestsoriftheApplicableProceduressorequire,
anOpinionofCounselinformreasonablyacceptabletotheRegistrartotheeffectthatsuchexchangeortransferisin
compliancewiththeSecuritiesActandthattherestrictionsontransfercontainedhereinandinthePrivatePlacementLegend
arenolongerrequiredinordertomaintaincompliancewiththeSecuritiesAct.
Ifanysuchtransferiseffectedpursuanttosubsection(B)or(D)aboveatatimewhenanUnrestrictedGlobalNotehas
notyetbeenissued,theIssuershallissueand,uponreceiptofanIssuerAuthenticationOrderinaccordancewithSection2.02
hereof,theTrusteeshallauthenticateoneormoreUnrestrictedGlobalNotesinanaggregateprincipalamountequaltothe
aggregateprincipalamountofbeneficialintereststransferredpursuanttosubparagraph(B)or(D)above.
Notwithstandingtheprovisionsofthefirstsentenceofthissubparagraph(iv),attheoptionoftheIssuer,beneficial
interestsinaRestrictedGlobalNoteshallautomaticallybeexchangedforbeneficialinterestsinanUnrestrictedGlobalNote
upontheIssuerscomplianceinfullwiththeDepositarysProceduresfortheMandatoryExchangeofRule144ASecurities
forUnrestrictedSecuritiesorProceduresfortheMandatoryExchangeofRegulationSSecuritiesforUnrestricted
Securities,as

54
applicable(orsuchreplacementproceduresastheDepositaryshallputinplace).Uponsuchexchangeofbeneficialinterests
pursuanttothisSection2.06(b)(iv),theRegistrarshallreflectonitsbooksandrecordsthedateofsuchexchangeanda
decreaseandincreaseintheprincipalamountoftheapplicableRestrictedGlobalNoteandtheUnrestrictedGlobalNote,
respectively,equaltotheprincipalamountofbeneficialinterestsexchanged.Followinganysuchexchangepursuanttothis
Section2.06(b)(iv)ofallofthebeneficialinterestsinaRestrictedGlobalNotetoanUnrestrictedGlobalNote,suchRestricted
GlobalNoteshallbecancelled.
BeneficialinterestsinanUnrestrictedGlobalNotecannotbeexchangedfor,ortransferredtoPersonswhotakedelivery
thereofintheformof,abeneficialinterestinaRestrictedGlobalNote.
(c)TransferorExchangeofBeneficialInterestsforDefinitiveNotes.
(i)BeneficialInterestsinRestrictedGlobalNotestoRestrictedDefinitiveNotes.Ifanyholderofabeneficial
interestinaRestrictedGlobalNoteproposestoexchangesuchbeneficialinterestforaRestrictedDefinitiveNoteorto
transfersuchbeneficialinteresttoaPersonwhotakesdeliverythereofintheformofaRestrictedDefinitiveNote,then,
upontheoccurrenceofanyoftheeventsinparagraph(i)or(ii)ofSection2.06(a)hereofandreceiptbytheRegistrarof
thefollowingdocumentation:
(A)iftheholderofsuchbeneficialinterestinaRestrictedGlobalNoteproposestoexchangesuchbeneficial
interestforaRestrictedDefinitiveNote,acertificatefromsuchholdersubstantiallyintheformofExhibitChereto,
includingthecertificationsinitem(2)(a)thereof
(B)ifsuchbeneficialinterestisbeingtransferredtoaQIBinaccordancewithRule144A,acertificate
substantiallyintheformofExhibitBhereto,includingthecertificationsinitem(1)thereof
(C)ifsuchbeneficialinterestisbeingtransferredtoaNonU.S.Personinanoffshoretransactioninaccordance
withRule903orRule904,acertificatesubstantiallyintheformofExhibitBhereto,includingthecertificationsin
item(2)thereof
(D)ifsuchbeneficialinterestisbeingtransferredpursuanttoanexemptionfromtheregistrationrequirements
oftheSecuritiesActinaccordancewithRule144,acertificatesubstantiallyintheformofExhibitBhereto,
includingthecertificationsinitem(3)(a)thereof
(E)ifsuchbeneficialinterestisbeingtransferredtotheIssueroranyofitsRestrictedSubsidiaries,acertificate
substantiallyintheformofExhibitBhereto,includingthecertificationsinitem(3)(b)thereofor
(F)ifsuchbeneficialinterestisbeingtransferredpursuanttoaneffectiveregistrationstatementunderthe
SecuritiesAct,acertificatesubstantiallyintheformofExhibitBhereto,includingthecertificationsinitem(3)(c)
thereof,
theTrusteeshallcausetheaggregateprincipalamountoftheapplicableGlobalNotetobereducedaccordinglypursuantto
Section2.06(h)hereof,andtheIssuershallexecuteandtheTrusteeshallauthenticateandmailtothePersondesignatedinthe
instructionsaDefinitiveNoteintheapplicableprincipalamount.AnyDefinitiveNoteissuedinexchangeforabeneficial
interestinaRestrictedGlobalNotepursuanttothisSection2.06(c)(i)shallberegisteredinsuchnameornamesandinsuch
authorized

55
denominationordenominationsastheholderofsuchbeneficialinterestshallinstructtheRegistrarthroughinstructionsfrom
theDepositaryandtheParticipantorIndirectParticipant.TheTrusteeshallmailsuchDefinitiveNotestothePersonsin
whosenamessuchNotesaresoregistered.AnyDefinitiveNoteissuedinexchangeforabeneficialinterestinaRestricted
GlobalNotepursuanttothisSection2.06(c)(i)shallbearthePrivatePlacementLegendandshallbesubjecttoallrestrictions
ontransfercontainedtherein.
(ii)[Reserved].
(iii)BeneficialInterestsinRestrictedGlobalNotestoUnrestrictedDefinitiveNotes.Aholderofabeneficialinterest
inaRestrictedGlobalNotemayexchangesuchbeneficialinterestforanUnrestrictedDefinitiveNoteormaytransfer
suchbeneficialinteresttoaPersonwhotakesdeliverythereofintheformofanUnrestrictedDefinitiveNoteonlyupon
theoccurrenceofanyoftheeventsinsubsection(i)or(ii)ofSection2.06(a)hereofandif:
RightsAgreementandtheholderofsuchbeneficialinterest,inthecaseofanexchange,orthetransferee,inthecase
ofatransfer,certifiesintheapplicableLetterofTransmittalthatitisnot(1)abrokerdealer,(2)aPerson
participatinginthedistributionoftheExchangeNotesor(3)aPersonwhoisanaffiliate(asdefinedinRule144)of
theIssuer
RightsAgreement
(1)iftheholderofsuchbeneficialinterestinaRestrictedGlobalNoteproposestoexchangesuch
beneficialinterestforanUnrestrictedDefinitiveNote,acertificatefromsuchholdersubstantiallyintheform
ofExhibitChereto,includingthecertificationsinitem(1)(b)thereofor
(2)iftheholderofsuchbeneficialinterestinaRestrictedGlobalNoteproposestotransfersuch
beneficialinteresttoaPersonwhoshalltakedeliverythereofintheformofanUnrestrictedDefinitiveNote,a
certificatefromsuchholdersubstantiallyintheformofExhibitBhereto,includingthecertificationsin
item(4)thereof
and,ineachsuchcasesetforthinthissubparagraph(D),iftheRegistrarsorequestsoriftheApplicableProceduressorequire,
anOpinionofCounselinformreasonablyacceptabletotheRegistrartotheeffectthatsuchexchangeortransferisin
(iv)BeneficialInterestsinUnrestrictedGlobalNotestoUnrestrictedDefinitiveNotes.Ifanyholderofabeneficial
interestinanUnrestrictedGlobalNoteproposestoexchangesuchbeneficialinterestforaDefinitiveNoteortotransfer
suchbeneficialinteresttoaPersonwhotakesdeliverythereofintheformofaDefinitiveNote,then,upontheoccurrence
ofanyof

56
theeventsinsubsection(i)or(ii)ofSection2.06(a)hereofandsatisfactionoftheconditionssetforthinSection2.06(b)
(ii)hereof,theTrusteeshallcausetheaggregateprincipalamountoftheapplicableGlobalNotetobereduced
accordinglypursuanttoSection2.06(h)hereof,andtheIssuershallexecuteandtheTrusteeshallauthenticateandmail
tothePersondesignatedintheinstructionsaDefinitiveNoteintheapplicableprincipalamount.AnyDefinitiveNote
issuedinexchangeforabeneficialinterestpursuanttothisSection2.06(c)(iv)shallberegisteredinsuchnameornames
andinsuchauthorizeddenominationordenominationsastheholderofsuchbeneficialinterestshallinstructthe
RegistrarthroughinstructionsfromorthroughtheDepositaryandtheParticipantorIndirectParticipant.TheTrustee
shallmailsuchDefinitiveNotestothePersonsinwhosenamessuchNotesaresoregistered.AnyDefinitiveNoteissued
inexchangeforabeneficialinterestpursuanttothisSection2.06(c)(iv)shallnotbearthePrivatePlacementLegend.
(d)TransferandExchangeofDefinitiveNotesforBeneficialInterests.
(i)RestrictedDefinitiveNotestoBeneficialInterestsinRestrictedGlobalNotes.IfanyHolderofaRestricted
DefinitiveNoteproposestoexchangesuchNoteforabeneficialinterestinaRestrictedGlobalNoteortotransfersuch
RestrictedDefinitiveNotetoaPersonwhotakesdeliverythereofintheformofabeneficialinterestinaRestricted
GlobalNote,then,uponreceiptbytheRegistrarofthefollowingdocumentation:
(A)iftheHolderofsuchRestrictedDefinitiveNoteproposestoexchangesuchNoteforabeneficialinterestin
aRestrictedGlobalNote,acertificatefromsuchHoldersubstantiallyintheformofExhibitChereto,includingthe
certificationsinitem(2)(b)thereof
(B)ifsuchRestrictedDefinitiveNoteisbeingtransferredtoaQIBinaccordancewithRule144A,acertificate
(C)ifsuchRestrictedDefinitiveNoteisbeingtransferredtoaNonU.S.Personinanoffshoretransactionin
accordancewithRule903orRule904,acertificatesubstantiallyintheformofExhibitBhereto,includingthe
certificationsinitem(2)thereof
(D)ifsuchRestrictedDefinitiveNoteisbeingtransferredpursuanttoanexemptionfromtheregistration
requirementsoftheSecuritiesActinaccordancewithRule144,acertificatesubstantiallyintheformofExhibitB
hereto,includingthecertificationsinitem(3)(a)thereof
(E)ifsuchRestrictedDefinitiveNoteisbeingtransferredtotheIssueroranyofitsRestrictedSubsidiaries,a
certificatesubstantiallyintheformofExhibitBhereto,includingthecertificationsinitem(3)(b)thereofor
(F)ifsuchRestrictedDefinitiveNoteisbeingtransferredpursuanttoaneffectiveregistrationstatementunder
theSecuritiesAct,acertificatesubstantiallyintheformofExhibitBhereto,includingthecertificationsinitem(3)
(c)thereof,
theTrusteeshallcanceltheRestrictedDefinitiveNote,increaseorcausetobeincreasedtheaggregateprincipalamountof,in
thecaseofclause(A)above,theapplicableRestrictedGlobalNote,inthecaseofclause(B)above,theapplicable144A
GlobalNote,andinthecaseofclause(C)above,theapplicableRegulationSGlobalNote.

57
(ii)RestrictedDefinitiveNotestoBeneficialInterestsinUnrestrictedGlobalNotes.AHolderofaRestricted
DefinitiveNotemayexchangesuchNoteforabeneficialinterestinanUnrestrictedGlobalNoteortransfersuch
RestrictedDefinitiveNotetoaPersonwhotakesdeliverythereofintheformofabeneficialinterestinanUnrestricted
GlobalNoteonlyif:
RightsAgreementandtheHolder,inthecaseofanexchange,orthetransferee,inthecaseofatransfer,certifiesin
theapplicableLetterofTransmittalthatitisnot(1)abrokerdealer,(2)aPersonparticipatinginthedistributionof
theExchangeNotesor(3)aPersonwhoisanaffiliate(asdefinedinRule144)oftheIssuer
RightsAgreement
(1)iftheHolderofsuchDefinitiveNotesproposestoexchangesuchNotesforabeneficialinterestinthe
UnrestrictedGlobalNote,acertificatefromsuchHoldersubstantiallyintheformofExhibitChereto,
includingthecertificationsinitem(1)(c)thereofor
(2)iftheHolderofsuchDefinitiveNotesproposestotransfersuchNotestoaPersonwhoshalltake
deliverythereofintheformofabeneficialinterestintheUnrestrictedGlobalNote,acertificatefromsuch
HoldersubstantiallyintheformofExhibitBhereto,includingthecertificationsinitem(4)thereof
and,ineachsuchcasesetforthinthissubsection(D),iftheRegistrarsorequestsoriftheApplicableProceduressorequire,an
OpinionofCounselinformreasonablyacceptabletotheRegistrartotheeffectthatsuchexchangeortransferisin
UponsatisfactionoftheconditionsofanyofthesubparagraphsinthisSection2.06(d)(ii),theTrusteeshallcancelthe
DefinitiveNotesandincreaseorcausetobeincreasedtheaggregateprincipalamountoftheUnrestrictedGlobalNote.
(iii)UnrestrictedDefinitiveNotestoBeneficialInterestsinUnrestrictedGlobalNotes.AHolderofanUnrestricted
DefinitiveNotemayexchangesuchNoteforabeneficialinterestinanUnrestrictedGlobalNoteortransfersuch
DefinitiveNotestoaPersonwhotakesdeliverythereofintheformofabeneficialinterestinanUnrestrictedGlobalNote
atanytime.Uponreceiptofarequestforsuchanexchangeortransfer,theTrusteeshallcanceltheapplicable
UnrestrictedDefinitiveNoteandincreaseorcausetobeincreasedtheaggregateprincipalamountofoneofthe
UnrestrictedGlobalNotes.

58
IfanysuchexchangeortransferfromaDefinitiveNotetoabeneficialinterestiseffectedpursuanttosubsections(ii)(B),
(ii)(D)or(iii)aboveatatimewhenanUnrestrictedGlobalNotehasnotyetbeenissued,theIssuershallissueand,upon
receiptofanIssuerAuthenticationOrderinaccordancewithSection2.02hereof,theTrusteeshallauthenticateoneormore
UnrestrictedGlobalNotesinanaggregateprincipalamountequaltotheprincipalamountofDefinitiveNotessotransferred.
(e)TransferandExchangeofDefinitiveNotesforDefinitiveNotes.UponrequestbyaHolderofDefinitiveNotesand
suchHolderscompliancewiththeprovisionsofthisSection2.06(e),theRegistrarshallregisterthetransferorexchangeof
DefinitiveNotes.Priortosuchregistrationoftransferorexchange,therequestingHoldershallpresentorsurrendertothe
RegistrartheDefinitiveNotesdulyendorsedoraccompaniedbyawritteninstructionoftransferinformsatisfactorytothe
RegistrardulyexecutedbysuchHolderorbyitsattorney,dulyauthorizedinwriting.Inaddition,therequestingHoldershall
provideanyadditionalcertifications,documentsandinformation,asapplicable,requiredpursuanttothefollowing
provisionsofthisSection2.06(e):
(i)RestrictedDefinitiveNotestoRestrictedDefinitiveNotes.AnyRestrictedDefinitiveNotemaybetransferredto
andregisteredinthenameofPersonswhotakedeliverythereofintheformofaRestrictedDefinitiveNoteifthe
Registrarreceivesthefollowing:
(A)ifthetransferwillbemadetoaQIBinaccordancewithRule144A,thenthetransferormustdelivera
certificateintheformofExhibitBhereto,includingthecertificationsinitem(1)thereof
(B)ifthetransferwillbemadepursuanttoRule903orRule904,thenthetransferormustdeliveracertificate
intheformofExhibitBhereto,includingthecertificationsinitem(2)thereofor
(C)ifthetransferwillbemadepursuanttoanyotherexemptionfromtheregistrationrequirementsofthe
SecuritiesAct,thenthetransferormustdeliveracertificateintheformofExhibitBhereto,includingthe
certificationsrequiredbyitem(3)thereof,ifapplicable.
(ii)RestrictedDefinitiveNotestoUnrestrictedDefinitiveNotes.AnyRestrictedDefinitiveNotemaybeexchanged
bytheHolderthereofforanUnrestrictedDefinitiveNoteortransferredtoaPersonorPersonswhotakedeliverythereof
intheformofanUnrestrictedDefinitiveNoteif:
RightsAgreementandtheHolder,inthecaseofanexchange,orthetransferee,inthecaseofatransfer,certifiesin
theapplicableLetterofTransmittalthatitisnot(1)abrokerdealer,(2)aPersonparticipatinginthedistributionof
theExchangeNotesor(3)aPersonwhoisanaffiliate(asdefinedinRule144)oftheIssuer
(B)anysuchtransferiseffectedpursuanttotheShelfRegistrationStatementinaccordancewiththe
RegistrationRightsAgreement
(C)anysuchtransferiseffectedbyabrokerdealerpursuanttotheExchangeRegistrationStatementin
accordancewiththeRegistrationRightsAgreementor

59
(1)iftheHolderofsuchRestrictedDefinitiveNotesproposestoexchangesuchNotesforanUnrestricted
DefinitiveNote,acertificatefromsuchHoldersubstantiallyintheformofExhibitChereto,includingthe
certificationsinitem(1)(d)thereofor
(2)iftheHolderofsuchRestrictedDefinitiveNotesproposestotransfersuchNotestoaPersonwho
shalltakedeliverythereofintheformofanUnrestrictedDefinitiveNote,acertificatefromsuchHolder
and,ineachsuchcasesetforthinthissubsection(D),iftheRegistrarsorequests,anOpinionofCounselinformreasonably
acceptabletotheRegistrartotheeffectthatsuchexchangeortransferisincompliancewiththeSecuritiesActandthatthe
restrictionsontransfercontainedhereinandinthePrivatePlacementLegendarenolongerrequiredinordertomaintain
compliancewiththeSecuritiesAct.
(iii)UnrestrictedDefinitiveNotestoUnrestrictedDefinitiveNotes.AHolderofUnrestrictedDefinitiveNotesmay
transfersuchNotestoaPersonwhotakesdeliverythereofintheformofanUnrestrictedDefinitiveNote.Uponreceiptof
arequesttoregistersuchatransfer,theRegistrarshallregistertheUnrestrictedDefinitiveNotespursuanttothe
instructionsfromtheHolderthereof.
(f)ExchangeOffer.UpontheoccurrenceoftheExchangeOfferinaccordancewiththeRegistrationRightsAgreement,
theIssuershallissueand,uponreceiptofanIssuerAuthenticationOrderinaccordancewithSection2.02hereof,theTrustee
shallauthenticate:
(i)oneormoreUnrestrictedGlobalNotesinanaggregateprincipalamountequaltotheprincipalamountofthe
beneficialinterestsintheRestrictedGlobalNotestenderedforacceptance,andaccepted,intheExchangeOfferby
PersonsthatcertifyintheapplicableLettersofTransmittalorthroughanAgentsMessagethroughtheDTCAutomated
TenderOffersProgramthat(A)theyarenotbrokerdealers,(B)theyarenotparticipatinginadistributionofthe
ExchangeNotesand(C)theyarenotaffiliates(asdefinedinRule144)oftheIssuerand
(ii)UnrestrictedDefinitiveNotesinanaggregateprincipalamountequaltotheprincipalamountoftheRestricted
DefinitiveNotestenderedforacceptance,intheExchangeOfferbyPersonsthatcertifyintheapplicableLettersof
Transmittalthat(A)theyarenotbrokerdealers,(B)theyarenotparticipatinginadistributionoftheExchangeNotes
and(C)theyarenotaffiliates(asdefinedinRule144)oftheIssuer.
ConcurrentlywiththeissuanceofsuchNotes,theTrusteeshallcausetheaggregateprincipalamountoftheapplicable
RestrictedGlobalNotestobereducedaccordingly,andtheIssuershallexecuteandtheTrusteeshallauthenticateanddeliver
tothePersonsdesignatedbytheHoldersofDefinitiveNotessoacceptedUnrestrictedDefinitiveNotesintheappropriate
principalamount.AnyNotesthatremainoutstandingaftertheconsummationofanExchangeOffer,andExchangeNotes
issuedinconnectionwithanExchangeOffer,shallbetreatedasasingleclassofsecuritiesunderthisIndenture.
(g)Legends.ThefollowinglegendsshallappearonthefaceofallGlobalNotesandDefinitiveNotesissuedunderthis
IndentureunlessspecificallystatedotherwiseintheapplicableprovisionsofthisIndenture:
(i)PrivatePlacementLegend.

60
(A)Exceptaspermittedbysubparagraph(B)below,eachGlobalNoteandeachDefinitiveNote(andallNotes
issuedinexchangetherefororsubstitutiontherefor)shallbearthelegendinsubstantiallythefollowingform:
THISNOTEHASNOTBEENREGISTEREDUNDERTHEU.S.SECURITIESACTOF1933,ASAMENDED(THE
SECURITIESACT),ORTHESECURITIESLAWSOFANYSTATEOROTHERJURISDICTIONAND,
ACCORDINGLY,MAYNOTBEOFFEREDORSOLDWITHINTHEUNITEDSTATESORTO,ORFORTHE
ACCOUNTORBENEFITOF,U.S.PERSONSEXCEPTASSETFORTHBELOW.BYITSACQUISITIONHEREOF,
THEHOLDER(1)REPRESENTSTHAT(A)ITISAQUALIFIEDINSTITUTIONALBUYER(ASDEFINEDIN
RULE144AUNDERTHESECURITIESACT)OR(B)ITISNOTAU.S.PERSONANDISACQUIRINGTHIS
NOTEINANOFFSHORETRANSACTIONINCOMPLIANCEWITHREGULATIONSUNDERTHESECURITIES
ACT,(2)AGREESTHATITWILLNOTWITHIN[INTHECASEOF144AGLOBALNOTES:ONEYEAR][INTHE
CASEOFREGULATIONSGLOBALNOTES:40DAYS]AFTERTHELATEROFTHEORIGINALISSUEDATE
HEREOFANDTHELASTDATEONWHICHTHEISSUERORANYAFFILIATEOFTHEISSUERWASTHE
OWNEROFTHISNOTE(ORANYPREDECESSOROFSUCHNOTE)RESELLOROTHERWISETRANSFER
THISNOTEEXCEPT(A)TOTHEISSUERORANYSUBSIDIARYTHEREOF,(B)INSIDETHEUNITEDSTATES
TOAQUALIFIEDINSTITUTIONALBUYERINCOMPLIANCEWITHRULE144AUNDERTHESECURITIES
ACT,(C)OUTSIDETHEUNITEDSTATESINANOFFSHORETRANSACTIONINCOMPLIANCEWITH
RULE903ORRULE904UNDERTHESECURITIESACT,(D)PURSUANTTOTHEEXEMPTIONFROM
REGISTRATIONPROVIDEDBYRULE144UNDERTHESECURITIESACT(IFAVAILABLE),(E)IN
ACCORDANCEWITHANOTHEREXEMPTIONFROMTHEREGISTRATIONREQUIREMENTSOFTHE
SECURITIESACT(ANDBASEDUPONANOPINIONOFCOUNSELIFTHEISSUERSOREQUESTS),OR
(F)PURSUANTTOANEFFECTIVEREGISTRATIONSTATEMENTUNDERTHESECURITIESACTAND
(3)AGREESTHATITWILLGIVETOEACHPERSONTOWHOMTHISNOTEISTRANSFERREDANOTICE
SUBSTANTIALLYTOTHEEFFECTOFTHISLEGEND.ASUSEDHEREIN,THETERMSOFFSHORE
TRANSACTION,UNITEDSTATESANDU.S.PERSONHAVETHEMEANINGGIVENTOTHEMBY
REGULATIONSUNDERTHESECURITIESACT.
(B)Notwithstandingtheforegoing,anyGlobalNoteorDefinitiveNoteissuedpursuanttosubparagraph(b)
(iv),(c)(iii),(c)(iv),(d)(ii),(d)(iii),(e)(ii),(e)(iii)or(f)ofthisSection2.06(andallNotesissuedinexchangetherefor
orsubstitutionthereof)shallnotbearthePrivatePlacementLegend.
(ii)GlobalNotesLegends.EachGlobalNoteshallbearalegendinsubstantiallythefollowingform:
THISGLOBALNOTEISHELDBYTHEDEPOSITARY(ASDEFINEDINTHEINDENTUREGOVERNINGTHIS
NOTE)ORITSNOMINEEINCUSTODYFORTHEBENEFITOFTHEBENEFICIALOWNERSHEREOF,ANDIS
NOTTRANSFERABLETOANYPERSONUNDERANYCIRCUMSTANCESEXCEPTTHAT(I)THETRUSTEE
MAYMAKESUCHNOTATIONSHEREONASMAYBE

61
REQUIREDPURSUANTTOSECTION2.06(c)OFTHEINDENTURE,(II)THISGLOBALNOTEMAYBE
EXCHANGEDINWHOLEBUTNOTINPARTPURSUANTTOSECTION2.06(a)OFTHEINDENTURE,(III)THIS
GLOBALNOTEMAYBEDELIVEREDTOTHETRUSTEEFORCANCELLATIONPURSUANTTO
SECTION2.11OFTHEINDENTUREAND(IV)THISGLOBALNOTEMAYBETRANSFERREDTOA
SUCCESSORDEPOSITARYWITHTHEPRIORWRITTENCONSENTOFTHEISSUER.
UNLESSANDUNTILITISEXCHANGEDINWHOLEORINPARTFORNOTESINDEFINITIVEFORM,THIS
NOTEMAYNOTBETRANSFERREDEXCEPTASAWHOLEBYTHEDEPOSITARYTOANOMINEEOFTHE
DEPOSITARYORBYANOMINEEOFTHEDEPOSITARYTOTHEDEPOSITARYORANOTHERNOMINEEOF
THEDEPOSITARYORBYTHEDEPOSITARYORANYSUCHNOMINEETOASUCCESSORDEPOSITARYOR
ANOMINEEOFSUCHSUCCESSORDEPOSITARY.UNLESSTHISCERTIFICATEISPRESENTEDBYAN
AUTHORIZEDREPRESENTATIVEOFTHEDEPOSITORYTRUSTCOMPANY(55WATERSTREET,NEW
YORK,NEWYORK)(DTC)TOTHEISSUERORITSAGENTFORREGISTRATIONOFTRANSFER,
EXCHANGEORPAYMENT,ANDANYCERTIFICATEISSUEDISREGISTEREDINTHENAMEOFCEDE&
CO.ORSUCHOTHERNAMEASMAYBEREQUESTEDBYANAUTHORIZEDREPRESENTATIVEOFDTC
(ANDANYPAYMENTISMADETOCEDE&CO.ORSUCHOTHERENTITYASMAYBEREQUESTEDBYAN
AUTHORIZEDREPRESENTATIVEOFDTC),ANYTRANSFER,PLEDGEOROTHERUSEHEREOFFOR
VALUEOROTHERWISEBYORTOANYPERSONISWRONGFULINASMUCHASTHEREGISTEREDOWNER
HEREOF,CEDE&CO.,HASANINTERESTHEREIN.
(iii)TaxLegend.AnyGlobalNotesissuedwithmorethanademinimisamountoforiginalissuediscountforU.S.
federalincometaxpurposesandeachDefinitiveNoteissuedwithmorethanademinimisamountoforiginalissue
discountforU.S.federalincometaxpurposesshallbearthelegendinsubstantiallythefollowingform:
THISNOTEISISSUEDWITHORIGINALISSUEDISCOUNTFORPURPOSESOFSECTION1271ETSEQ.OF
THEINTERNALREVENUECODEOF1986,ASAMENDED.AHOLDERMAYOBTAINTHEISSUEPRICE,
AMOUNTOFORIGINALISSUEDISCOUNT,ISSUEDATEANDYIELDTOMATURITYFORSUCHNOTEBY
SUBMITTINGAWRITTENREQUESTFORSUCHINFORMATIONTOTHEISSUERATTHEFOLLOWING
ADDRESS:ENERGYFUTUREINTERMEDIATEHOLDINGCOMPANYLLC,ENERGYPLAZA,1601BRYAN
STREET,DALLAS,TEXAS752013411,ATTENTION:GENERALCOUNSEL.
(h)Cancellationand/orAdjustmentofGlobalNotes.AtsuchtimeasallbeneficialinterestsinaparticularGlobalNote
havebeenexchangedforDefinitiveNotesoraparticularGlobalNotehasbeenredeemed,repurchasedorcanceledinwhole
andnotinpart,eachsuchGlobalNoteshallbereturnedtoorretainedandcanceledbytheTrusteeinaccordancewith
Section2.11hereof.Atanytimepriortosuchcancellation,ifanybeneficialinterestinaGlobalNoteisexchangedforor
transferredtoaPersonwhoshalltakedeliverythereofintheformofabeneficialinterestinanotherGlobalNoteorfor
DefinitiveNotes,theprincipalamountofNotesrepresentedbysuchGlobalNoteshallbereducedaccordinglyandan
endorsementshallbemadeonsuchGlobalNotebytheTrusteeorbytheDepositaryatthedirectionoftheTrusteetoreflect
suchreductionandifthebeneficialinterestisbeingexchangedforortransferredto

62
aPersonwhoshalltakedeliverythereofintheformofabeneficialinterestinanotherGlobalNote,suchotherGlobalNote
shallbeincreasedaccordinglyandanendorsementshallbemadeonsuchGlobalNotebytheTrusteeorbytheDepositaryat
thedirectionoftheTrusteetoreflectsuchincrease.
(i)GeneralProvisionsRelatingtoTransfersandExchanges.
(i)Topermitregistrationsoftransfersandexchanges,theIssuershallexecuteandtheTrusteeshallauthenticate
GlobalNotesandDefinitiveNotesuponreceiptofanIssuerAuthenticationOrderinaccordancewithSection2.02
hereoforattheRegistrarsrequest.
(ii)NoservicechargeshallbemadetoaholderofabeneficialinterestinaGlobalNoteortoaHolderofa
DefinitiveNoteforanyregistrationoftransferorexchange,buttheIssuermayrequirepaymentofasumsufficientto
coveranytransfertaxorsimilargovernmentalchargepayableinconnectiontherewith(otherthananysuchtransfer
taxesorsimilargovernmentalchargepayableuponexchangeortransferpursuanttoSections2.07,2.10,3.06,3.09,4.10,
4.14and9.05hereof).
(iii)NeithertheRegistrarnortheIssuershallberequiredtoregisterthetransferoforexchangeanyNoteselectedfor
redemptioninwholeorinpart,excepttheunredeemedportionofanyNotebeingredeemedinpart.
(iv)AllGlobalNotesandDefinitiveNotesissueduponanyregistrationoftransferorexchangeofGlobalNotesor
DefinitiveNotesshallbethevalidobligationsoftheIssuer,evidencingthesamedebt,andentitledtothesamebenefits
underthisIndenture,astheGlobalNotesorDefinitiveNotessurrendereduponsuchregistrationoftransferorexchange.
(v)TheIssuershallnotberequired(A)toissue,toregisterthetransferofortoexchangeanyNotesduringaperiod
beginningattheopeningofbusiness15daysbeforethedayofanyselectionofNotesforredemptionunderSection3.02
hereofandendingatthecloseofbusinessonthedayofselection(B)toregisterthetransferofortoexchangeanyNote
soselectedforredemptioninwholeorinpart,excepttheunredeemedportionofanyNotebeingredeemedinpartor
(C)toregisterthetransferofortoexchangeaNotebetweenaRecordDateandthenextsucceedingInterestPayment
Date.
(vi)PriortoduepresentmentfortheregistrationofatransferofanyNote,theTrustee,anyAgentandtheIssuermay
deemandtreatthePersoninwhosenameanyNoteisregisteredastheabsoluteownerofsuchNoteforthepurposeof
receivingpaymentofprincipal,premium,ifany,andinterest(includingAdditionalInterest,ifany)onsuchNotesand
forallotherpurposes,andnoneoftheTrustee,anyAgentortheIssuershallbeaffectedbynoticetothecontrary.
(vii)UponsurrenderforregistrationoftransferofanyNoteattheofficeoragencyoftheIssuerdesignatedpursuant
toSection4.02hereof,theIssuershallexecute,andtheTrusteeshallauthenticateandmail,inthenameofthe
designatedtransfereeortransferees,oneormorereplacementNotesofanyauthorizeddenominationordenominationsof
alikeaggregateprincipalamount.
(viii)AttheoptionoftheHolder,NotesmaybeexchangedforotherNotesofanyauthorizeddenominationor
denominationsofalikeaggregateprincipalamountuponsurrenderoftheNotestobeexchangedatsuchofficeor
agency.WheneveranyGlobalNotesorDefinitiveNotesaresosurrenderedforexchange,theIssuershallexecute,and
theTrusteeshallauthenticate

63
andmailorotherwisedeliverinaccordancewiththeproceduresofDTC,thereplacementGlobalNotesandDefinitive
NoteswhichtheHoldermakingtheexchangeisentitledtoinaccordancewiththeprovisionsofSection2.02hereof.
(ix)Allcertifications,certificatesandOpinionsofCounselrequiredtobesubmittedtotheRegistrarpursuanttothis
Section2.06toeffectaregistrationoftransferorexchangemaybesubmittedbyfacsimile.
Section2.07ReplacementNotes.
IfanymutilatedNoteissurrenderedtotheTrustee,theRegistrarortheIssuerandtheTrusteereceivesevidencetoits
satisfactionoftheownershipanddestruction,lossortheftofanyNote,theIssuershallissueandtheTrustee,uponreceiptof
anIssuerAuthenticationOrder,shallauthenticateareplacementNoteiftheTrusteesrequirementsaremet.Ifrequiredbythe
TrusteeortheIssuer,anindemnitybondmustbesuppliedbytheHolderthatissufficientinthejudgmentoftheTrusteeand
theIssuertoprotecttheIssuer,theTrustee,anyAgentandanyauthenticatingagentfromanylossthatanyofthemmaysuffer
ifaNoteisreplaced.TheIssuerandtheTrusteemaychargefortheirexpensesinreplacingaNote.
EveryreplacementNoteisacontractualobligationoftheIssuerandshallbeentitledtoallofthebenefitsofthis
IndentureequallyandproportionatelywithallotherNotesdulyissuedhereunder.
Section2.08OutstandingNotes.
TheNotesoutstandingatanytimearealltheNotesauthenticatedbytheTrusteeexceptforthosecanceledbyit,those
deliveredtoitforcancellation,thosereductionsintheinterestinaGlobalNoteeffectedbytheTrusteeinaccordancewiththe
provisionshereof,andthosedescribedinthisSection2.08asnotoutstanding.ExceptassetforthinSection2.09hereof,a
NotedoesnotceasetobeoutstandingbecausetheIssueroranAffiliateoftheIssuerholdstheNote.
IfaNoteisreplacedpursuanttoSection2.07hereof,itceasestobeoutstandingunlesstheTrusteereceivesproof
satisfactorytoitthatthereplacedNoteisheldbyaprotectedpurchaser.
IftheprincipalamountofanyNoteisconsideredpaidunderSection4.01hereof,itceasestobeoutstandingandinterest
onitceasestoaccrue.
IfthePayingAgent(otherthantheIssuer,aSubsidiaryoranAffiliateofanythereof)holds,onaRedemptionDateor
maturitydate,moneysufficienttopayNotespayableonthatdate,thenonandafterthatdatesuchNotesshallbedeemedto
benolongeroutstandingandshallceasetoaccrueinterest.
Section2.09TreasuryNotes.
IndeterminingwhethertheHoldersoftherequiredprincipalamountofNoteshaveconcurredinanydirection,waiveror
consent,anyNotesownedbytheIssueroranyAffiliateoftheIssuer,shallbeconsideredasthoughnotoutstanding,except
thatforthepurposesofdeterminingwhethertheTrusteeshallbeprotectedinrelyingonanysuchdirection,waiveror
consent,onlyNotesthataResponsibleOfficeroftheTrusteeknowsaresoowned,shallbesodisregarded.Notessoowned
whichhavebeenpledgedingoodfaithshallnotbedisregardedifthepledgeeestablishestothesatisfactionoftheTrusteethe
pledgeesrighttodeliveranysuchdirection,waiverorconsentwithrespecttotheNotesandthatthepledgeeisnottheIssuer
oranyobligorupontheNotesoranyAffiliateoftheIssuerorofsuchotherobligor.

64
Section2.10TemporaryNotes.
UntilcertificatesrepresentingNotesarereadyfordelivery,theIssuermayprepareandtheTrustee,uponreceiptofan
IssuerAuthenticationOrder,shallauthenticatetemporaryNotes.TemporaryNotesshallbesubstantiallyintheformof
certificatedNotesbutmayhavevariationsthattheIssuerconsidersappropriatefortemporaryNotesandasshallbereasonably
acceptabletotheTrustee.Withoutunreasonabledelay,theIssuershallprepareandtheTrusteeshallauthenticatedefinitive
NotesinexchangefortemporaryNotes.
Holdersandbeneficialholders,asthecasemaybe,oftemporaryNotesshallbeentitledtoallofthebenefitsaccordedto
Holders,orbeneficialholders,respectively,ofNotesunderthisIndenture.
Section2.11Cancellation.
TheIssueratanytimemaydeliverNotestotheTrusteeforcancellation.TheRegistrarandPayingAgentshallforwardto
theTrusteeanyNotessurrenderedtothemforregistrationoftransfer,exchangeorpayment.TheTrusteeor,atthedirectionof
theTrustee,theRegistrarorthePayingAgentandnooneelseshallcancelallNotessurrenderedforregistrationoftransfer,
exchange,payment,replacementorcancellationandshalldestroycancelledNotes(subjecttotherecordretention
requirementoftheExchangeAct).CertificationofthedestructionofallcancelledNotesshallbedeliveredtotheIssuerupon
theIssuerswrittenrequest.TheIssuermaynotissuenewNotestoreplaceNotesthatithaspaidorthathavebeendeliveredto
theTrusteeforcancellation.
Section2.12DefaultedCashInterest.
IftheIssuerdefaultsinapaymentofcashinterest(includingAdditionalInterest,ifany)ontheNotes,itshallpaythe
defaultedcashinterest(includingAdditionalInterest,ifany)inanylawfulmannerplus,totheextentlawful,interestpayable
onthedefaultedcashinterest(includingAdditionalInterest,ifany),tothePersonswhoareHoldersonasubsequentspecial
recorddate,ineachcaseattherateprovidedintheNotesandinSection4.01hereof.TheIssuershallnotifytheTrusteein
writingoftheamountofdefaultedcashinterest(includingAdditionalInterest,ifany)proposedtobepaidoneachNoteand
thedateoftheproposedpaymentandatthesametimetheIssuershalldepositwiththeTrusteeanamountofmoneyequalto
theaggregateamountproposedtobepaidinrespectofsuchdefaultedcashinterestorshallmakearrangementssatisfactoryto
theTrusteeforsuchdepositpriortothedateoftheproposedpayment,suchmoneywhendepositedtobeheldintrustforthe
benefitofthePersonsentitledtosuchdefaultedcashinterestasprovidedinthisSection2.12.TheTrusteeshallfixorcauseto
befixedeachsuchspecialrecorddateandpaymentdateprovidedthatnosuchspecialrecorddateshallbelessthan10days
priortotherelatedpaymentdateforsuchdefaultedcashinterest.TheTrusteeshallpromptlynotifytheIssuerofsuchspecial
recorddate.Atleast15daysbeforethespecialrecorddate,theIssuer(or,uponthewrittenrequestoftheIssuer,theTrusteein
thenameandattheexpenseoftheIssuer)shallmailorcausetobemailed,firstclasspostageprepaid,toeachHolderanotice
athisorheraddressasitappearsintheNoteRegisterthatstatesthespecialrecorddate,therelatedpaymentdateandthe
amountofsuchinteresttobepaid.SubjecttotheforegoingprovisionsofthisSection2.12andforgreatercertainty,each
NotedeliveredunderthisIndentureuponregistrationoftransferoforinexchangefororinlieuofanyotherNoteshallcarry
therightstointerestaccruedandunpaid,andtoaccrue,whichwerecarriedbysuchotherNote.
Section2.13CUSIPandISINNumbers.
TheIssuerinissuingtheNotesmayuseCUSIPand/orISINnumbers(ifthengenerallyinuse)and,ifso,theTrusteeshall
useCUSIPand/orISINnumbersinnoticesofredemptionasaconvenienceto

65
Holdersprovidedthatanysuchnoticemaystatethatnorepresentationismadeastothecorrectnessofsuchnumberseitheras
printedontheNotesorascontainedinanynoticeofredemptionandthatreliancemaybeplacedonlyontheother
identificationnumbersprintedontheNotes,andanysuchredemptionshallnotbeaffectedbyanydefectinoromissionof
suchnumbers.TheIssuershallaspromptlyaspracticablenotifytheTrusteeofanychangeintheCUSIPorISINnumbers.
Section2.14Listing.
TheIssuershallpromptlynotifytheTrusteewhentheNotesbecomelistedorceasetobelistedonanyU.S.nationalor
regionalsecuritiesexchange.
ARTICLE3
REDEMPTION
Section3.01NoticestoTrustee.
IftheIssuerelectstoredeemtheNotespursuanttoSection3.07hereof,itshallfurnishtotheTrustee,atleastfive
BusinessDays(orsuchlessernumberofdaysasshallbeacceptabletotheTrustee)beforenoticeofredemptionisrequiredto
bemailedordeliveredorcausedtobemailedordeliveredtoHolderspursuanttoSection3.03hereofbutnotmorethan60
daysbeforeaRedemptionDate,anOfficersCertificatesettingforth(i)theparagraphorsubparagraphofsuchNotesand/or
SectionofthisIndenturepursuanttowhichtheredemptionshalloccur,(ii)theRedemptionDate,(iii)theprincipalamountof
Notestoberedeemedand(iv)theredemptionprice.
Section3.02SelectionofNotestoBeRedeemedorPurchased.
(a)IflessthanalloftheNotesaretoberedeemedorpurchasedinanoffertopurchaseatanytime,theTrusteeshallselect
theNotesofsuchseriestoberedeemedorpurchased(a)iftheNotesarelistedonanynationalsecuritiesexchange,in
compliancewiththerequirementsoftheprincipalnationalsecuritiesexchangeonwhichtheNotesarelisted,(b)onaprorata
basistotheextentpracticableor(c)bylotorsuchsimilarmethodinaccordancewiththeproceduresofDTC.
(b)Intheeventofpartialredemptionorpurchasebylot,theparticularNotestoberedeemedorpurchasedshallbe
selected,unlessotherwiseprovidedherein,notlessthan30normorethan60dayspriortotheRedemptionDatebythe
TrusteefromtheoutstandingNotesnotpreviouslycalledforredemptionorpurchase.
(c)TheTrusteeshallpromptlynotifytheIssuerinwritingoftheNotesselectedforredemptionorpurchaseand,inthe
caseofanyNoteselectedforpartialredemptionorpurchase,theprincipalamountthereoftoberedeemedorpurchased.Notes
andportionsofNotesselectedshallbeinamountsof$2,000orwholemultiplesof$1,000inexcessthereofnoNotesof
$2,000orlesscanberedeemedinpart,exceptthatifalloftheNotesofaHolderaretoberedeemedorpurchased,theentire
outstandingamountofNotesheldbysuchHolder,evenifnot$2,000oramultipleof$1,000inexcessthereof,shallbe
redeemedorpurchased.Exceptasprovidedintheprecedingsentence,provisionsofthisIndenturethatapplytoNotescalled
forredemptionorpurchasealsoapplytoportionsofNotescalledforredemptionorpurchase.

66
Section3.03NoticeofRedemption.
SubjecttoSection3.09hereof,noticesofredemptionshallbemailedbyfirstclassmail,postageprepaid,atleast30days
butnotmorethan60daysbeforetheRedemptionDatetoeachHolderofNotestoberedeemedatsuchHoldersregistered
addressorotherwisedeliveredinaccordancewiththeproceduresofDTC,exceptthatnoticesofredemptionmaybemailedor
deliveredmorethan60dayspriortoaRedemptionDateifthenoticeisissuedinconnectionwithArticle8orArticle12
hereof.ExceptassetforthinSections3.04,3.07(c)and3.07(d)hereof,noticesofredemptionmaynotbeconditional.
ThenoticeshallidentifytheNotestoberedeemedandshallstate:
(a)theRedemptionDate
(b)theredemptionprice
(c)ifanyNoteistoberedeemedinpartonly,theportionoftheprincipalamountofthatNotethatistoberedeemed
andthat,aftertheRedemptionDateuponsurrenderofsuchNote,anewNoteorNotesinprincipalamountequaltothe
unredeemedportionoftheoriginalNoterepresentingthesameindebtednesstotheextentnotredeemedshallbeissued
inthenameoftheHolderoftheNotesuponcancellationoftheoriginalNote
(d)thenameandaddressofthePayingAgent
(e)thatNotescalledforredemptionmustbesurrenderedtothePayingAgenttocollecttheredemptionprice
(f)that,unlesstheIssuerdefaultsinmakingsuchredemptionpayment,interestonNotescalledforredemption
ceasestoaccrueonandaftertheRedemptionDate
(g)theparagraphorsubparagraphoftheNotesand/orSectionofthisIndenturepursuanttowhichtheNotescalled
forredemptionarebeingredeemed
(h)thatnorepresentationismadeastothecorrectnessoraccuracyoftheCUSIPand/orISINnumber,ifany,listed
insuchnoticeorprintedontheNotesand
(i)ifinconnectionwitharedemptionpursuanttoSection3.07(c)orSection3.07(d)hereof,anyconditiontosuch
redemption.
AttheIssuersrequest,theTrusteeshallgivethenoticeofredemptionintheIssuersnameandatitsexpenseprovided
thattheIssuershallhavedeliveredtotheTrustee,atleastfiveBusinessDays(orsuchlessernumberofdaysasshallbe
acceptabletotheTrustee)beforenoticeofredemptionisrequiredtobemailedorcausedtobemailedtoHolderspursuantto
thisSection3.03(unlessashorternoticeshallbeagreedtobytheTrustee),anOfficersCertificaterequestingthattheTrustee
givesuchnoticeandsettingforththeinformationtobestatedinsuchnoticeasprovidedintheprecedingparagraph.
Section3.04EffectofNoticeofRedemption.
OncenoticeofredemptionismailedordeliveredinaccordancewithSection3.03hereoforotherwiseinaccordancewith
theproceduresofDTC,NotescalledforredemptionbecomeirrevocablydueandpayableontheRedemptionDateatthe
redemptionprice(exceptasprovidedforinSections3.07(c)and3.07(d)hereof).Thenotice,ifmailedordeliveredina
mannerhereinprovided,shall

67
beconclusivelypresumedtohavebeengiven,whetherornottheHolderreceivessuchnotice.Inanycase,failuretogivesuch
noticebymailordeliveryoranydefectinthenoticetotheHolderofanyNotedesignatedforredemptioninwholeorinpart
shallnotaffectthevalidityoftheproceedingsfortheredemptionofanyotherNote.SubjecttoSection3.05hereof,onand
aftertheRedemptionDate,interestceasestoaccrueonNotesorportionsofNotescalledforredemption.
Section3.05DepositofRedemptionorPurchasePrice.
Priorto10:00a.m.(NewYorkCitytime)ontheredemptionorpurchasedate,theIssuershalldepositwiththeTrusteeor
withthePayingAgentmoneysufficienttopaytheredemptionorpurchasepriceofandaccruedandunpaidinterest
(includingAdditionalInterest,ifany)onallNotestoberedeemedorpurchasedonthatdate.TheTrusteeorthePayingAgent
shallpromptlyreturntotheIssueranymoneydepositedwiththeTrusteeorthePayingAgentbytheIssuerinexcessofthe
amountsnecessarytopaytheredemptionpriceof,andaccruedandunpaidinterest(includingAdditionalInterest,ifany)on,
allNotestoberedeemedorpurchased.
IftheIssuercomplieswiththeprovisionsoftheprecedingparagraph,onandaftertheredemptionorpurchasedate,
interestshallceasetoaccrueontheNotesortheportionsofNotescalledforredemptionorpurchase.IfaNoteisredeemedor
purchasedonorafteraRecordDatebutonorpriortotherelatedInterestPaymentDate,thenanyaccruedandunpaidinterest
(includingAdditionalInterest,ifany)totheredemptionorpurchasedateshallbepaidtothePersoninwhosenamesuchNote
wasregisteredatthecloseofbusinessonsuchRecordDate.IfanyNotecalledforredemptionorpurchaseshallnotbesopaid
uponsurrenderforredemptionorpurchasebecauseofthefailureoftheIssuertocomplywiththeprecedingparagraph,
interestshallbepaidontheunpaidprincipal,fromtheredemptionorpurchasedateuntilsuchprincipalispaid,andtothe
extentlawfulonanyinterest(includingAdditionalInterest,ifany)accruedtotheredemptionorpurchasedatenotpaidon
suchunpaidprincipal,ineachcaseattherateprovidedintheNotesandinSection4.01hereof.
Section3.06NotesRedeemedorPurchasedinPart.
UponsurrenderofaNotethatisredeemedorpurchasedinpart,theIssuershallissueand,uponreceiptofanIssuer
AuthenticationOrder,theTrusteeshallauthenticatefortheHolderattheexpenseoftheIssueranewNoteequalinprincipal
amounttotheunredeemedorunpurchasedportionoftheNotesurrenderedrepresentingthesameindebtednesstotheextent
notredeemedorpurchasedprovidedthateachnewNoteshallbeinaprincipalamountof$2,000oranintegralmultipleof
$1,000inexcessthereof.Itisunderstoodthat,notwithstandinganythinginthisIndenturetothecontrary,onlyanIssuer
AuthenticationOrderandnotanOpinionofCounselorOfficersCertificateisrequiredfortheTrusteetoauthenticatesuch
newNote.
Section3.07OptionalRedemption.
(a)NotesMakeWholeRedemption.AtanytimepriortoFebruary15,2015,theIssuermayredeemtheNotes,inwholeor
inpart,ataredemptionpriceequalto100%oftheprincipalamountoftheNotesredeemedplustheApplicablePremiumas
of,andaccruedandunpaidinterest(includingAdditionalInterest,ifany)to,thedateofredemption(theRedemptionDate),
subjecttotherightofHoldersofNotesofrecordontherelevantRecordDatetoreceiveinterestdueontherelevantInterest
PaymentDate.
(b)NotesEquityRedemption.PriortoFebruary15,2015,theIssuermay,atitsoption,ononeormoreoccasions,redeem
upto35%oftheaggregateprincipalamountofNotesataredemptionpriceequalto106.875%oftheaggregateprincipal
amountthereof,plusaccruedandunpaidinterest

68
(includingAdditionalInterest,ifany)totheRedemptionDate,subjecttotherightofHoldersofNotestoberedeemedof
recordontherelevantRecordDatetoreceiveinterestdueontherelevantInterestPaymentDate,withthenetcashproceedsof
oneormoreEquityOfferingsprovidedthatatleast50%ofthesumoftheoriginalaggregateprincipalamountofInitial
NotesandanyAdditionalNotesissuedunderthisIndentureaftertheIssueDateremainsoutstandingimmediatelyafterthe
occurrenceofeachsuchredemptionandprovided,furtherthateachsuchredemptionoccurswithin90daysofthedateof
closingofeachsuchEquityOffering.NoticeofanyredemptionuponanyEquityOfferingsmaybegivenpriortothe
redemptionthereof,andanysuchredemptionornoticemay,attheIssuersoptionanddiscretion,besubjecttooneormore
conditionsprecedent,including,butnotlimitedto,completionoftherelatedEquityOffering.
(c)Exceptpursuanttoclause(a)or(b)ofthisSection3.07,theNotesshallnotberedeemableattheIssuersoptionprior
toFebruary15,2015.
(d)NotesOptionalRedemption.FromandafterFebruary15,2015theIssuermayredeemNotes,inwholeorinpartatthe
redemptionprices(expressedaspercentagesofprincipalamountoftheNotestoberedeemed)setforthbelow,plusaccrued
andunpaidinterest(includingAdditionalInterest,ifany)totheRedemptionDate,subjecttotherightofHoldersofNotesof
recordontherelevantRecordDatetoreceiveinterestdueontherelevantInterestPaymentDate,ifredeemedduringthe
twelvemonthperiodbeginningonFebruary15ofeachoftheyearsindicatedbelow:

Year Percentage
2015
103.438%
2016 101.719%
2017 100.000%
(e)AnyredemptionpursuanttothisSection3.07shallbemadepursuanttotheprovisionsofSections3.01through3.06
hereof.
Section3.08MandatoryRedemption.
TheIssuershallnotberequiredtomakeanymandatoryredemptionorsinkingfundpaymentswithrespecttotheNotes.
Section3.09OfferstoRepurchasebyApplicationofExcessProceeds.
(a)Intheeventthat,pursuanttoSection4.10hereof,theIssuershallberequiredtocommenceanAssetSaleOfferora
CollateralAssetSaleOffer,itshallfollowtheproceduresspecifiedbelow.
(b)TheAssetSaleOfferortheCollateralAssetSaleOffershallremainopenforaperiodof20BusinessDaysfollowing
itscommencementandnolonger,excepttotheextentthatalongerperiodisrequiredbyapplicablelaw(theOfferPeriod).
NolaterthanfiveBusinessDaysaftertheterminationoftheOfferPeriod(thePurchaseDate),theIssuershallapplyall
ExcessProceedsorCollateralExcessProceeds,asapplicable(theOfferAmount),tothepurchaseofNotes(subjecttothe
limitationssetforthinclause(1)ofSection4.10(b)hereofwithrespecttoExcessProceedsorinclause(1)ofSection4.10(f)
hereofwithrespecttoCollateralExcessProceeds)and,(A)withrespecttoExcessProceeds,ifrequiredorpermittedbythe
termsthereof,any,SeniorIndebtedness(onaproratabasis,ifapplicable),(B)withrespecttoCollateralExcessProceeds,if
requiredorpermittedbythetermsthereof,anyParityLienDebt(onaproratabasis,ifapplicable),or,iflessthantheOffer
Amounthasbeentendered,allNotesandSeniorIndebtednesstenderedinresponsetotheAssetSaleOffer(subjecttothe
limitationssetforthin

69
clause(1)ofSection4.10(b)hereof),orallNotesandParityLienDebttenderedinresponsetotheCollateralAssetSaleOffer
(subjecttothelimitationssetforthinclause(1)ofSection4.10(f)hereof),asapplicable.PaymentforanyNotessopurchased
shallbemadeinthesamemannerasinterestpaymentsaremade.
(c)IfthePurchaseDateisonorafteraRecordDateandonorbeforetherelatedInterestPaymentDate,anyaccruedand
unpaidinterest(includingAdditionalInterest,ifany)uptobutexcludingthePurchaseDate,shallbepaidtothePersonin
whosenameaNoteisregisteredatthecloseofbusinessonsuchRecordDate,andnoadditionalinterestshallbepayableto
HolderswhotenderNotespursuanttotheAssetSaleOfferortheCollateralAssetSaleOffer,asapplicable.
(d)UponthecommencementofanAssetSaleOfferoraCollateralAssetSaleOffer,theIssuershallsend,byfirstclass
mail,anoticetoeachoftheHolders,withacopytotheTrustee.Thenoticeshallcontainallinstructionsandmaterials
necessarytoenablesuchHolderstotenderNotespursuanttosuchAssetSaleOfferorCollateralAssetSaleOffer.AnyAsset
SaleOfferorCollateralAssetSaleOffershallbemadetoallHoldersand,ifrequiredorpermitted,to(A)holdersofSenior
IndebtednessinthecaseofanAssetSaleOffer,or(B)holdersofParityLienDebtinthecaseofaCollateralAssetSaleOffer.
Thenotice,whichshallgovernthetermsoftheAssetSaleOfferortheCollateralAssetSaleOffer,shallstate:
(i)thattheAssetSaleOfferorCollateralAssetSaleOffer,asapplicable,isbeingmadepursuanttothisSection3.09
andSection4.10hereofandthelengthoftimetheAssetSaleOfferortheCollateralAssetSaleOffershallremainopen
(ii)theOfferAmount,thepurchasepriceandthePurchaseDate
(iii)thatanyNotenottenderedoracceptedforpaymentshallcontinuetoaccrueinterest
(iv)that,unlesstheIssuerdefaultsinmakingsuchpayment,anyNoteacceptedforpaymentpursuanttotheAsset
SaleOfferortheCollateralAssetSaleOffer,asapplicable,shallceasetoaccrueinterestonandafterthePurchaseDate
(v)thatHolderselectingtohaveaNotepurchasedpursuanttoanAssetSaleOfferoraCollateralAssetSaleOffer,as
applicable,mayelecttohaveNotespurchasedintheminimumamountof$2,000oranintegralmultipleof$1,000in
excessthereof
(vi)thatHolderselectingtohaveaNotepurchasedpursuanttoanyAssetSaleOfferorCollateralAssetSaleOffer
shallberequiredtosurrendertheNote,withtheformentitledOptionofHoldertoElectPurchaseattachedtotheNote
completed,ortransferbybookentrytransfer,totheIssuer,theDepositary,ifappointedbytheIssuer,oraPayingAgent
attheaddressspecifiedinthenoticeatleastthreedaysbeforethePurchaseDate
(vii)thatHoldersshallbeentitledtowithdrawtheirelectioniftheIssuer,theDepositaryorthePayingAgent,asthe
casemaybe,receives,notlaterthantheexpirationoftheOfferPeriod,atelegram,facsimiletransmissionorlettersetting
forththenameoftheHolder,theprincipalamountoftheNotetheHolderdeliveredforpurchaseandastatementthat
suchHolderiswithdrawinghiselectiontohavesuchNotepurchased
(viii)that,(A)inthecaseofanAssetSaleOffer,iftheaggregateprincipalamountofNotesandSeniorIndebtedness
surrenderedbytheholdersthereofexceedstheOfferAmount,or

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(B)inthecaseofaCollateralAssetSaleOffer,iftheaggregateprincipalamountofNotesandParityLienDebt
surrenderedbytheholdersthereofexceedstheOfferAmount,theTrusteeshallselecttheNotesandsuchSenior
Indebtedness,ortheNotesandsuchParityLienDebt,asapplicable,tobepurchasedonaproratabasis(subjecttothe
limitationssetforthinclause(1)ofSection4.10(b)hereofinthecaseofanAssetSaleOfferorinclause(1)of
Section4.10(f)hereofinthecaseofaCollateralAssetSaleOffer)basedontheaccretedvalueorprincipalamountofthe
Notes,orsuchSeniorIndebtednessorParityLienDebt,asapplicable,tendered(withsuchadjustmentsasmaybe
deemedappropriatebytheTrusteesothatonlyNotesindenominationsof$2,000,oranintegralmultipleof$1,000in
excessthereof,shallbepurchased)and
(ix)thatHolderswhoseNoteswerepurchasedonlyinpartshallbeissuednewNotesequalinprincipalamountto
theunpurchasedportionoftheNotessurrendered(ortransferredbybookentrytransfer)representingthesame
indebtednesstotheextentnotrepurchased.
(e)OnorbeforethePurchaseDate,theIssuershall,totheextentlawful,(1)acceptforpayment,onaproratabasistothe
extentnecessaryandsubjecttoclause(1)ofSection4.10(b)hereofinthecaseofanAssetSaleOfferorclause(1)of
Section4.10(f)hereofinthecaseofaCollateralAssetSaleOffer,theOfferAmountofNotesorportionsthereofvalidly
tenderedpursuanttotheAssetSaleOfferortheCollateralAssetSaleOffer,asapplicable,oriflessthantheOfferAmounthas
beentendered,allNotestenderedand(2)deliverorcausetobedeliveredtotheTrusteetheNotesproperlyacceptedtogether
withanOfficersCertificatestatingtheaggregateprincipalamountofNotesorportionsthereofsotendered.
(f)TheIssuer,theDepositaryorthePayingAgent,asthecasemaybe,shallpromptlymailordelivertoeachtendering
HolderanamountequaltothepurchasepriceoftheNotesproperlytenderedbysuchHolderandacceptedbytheIssuerfor
purchase,andtheIssuershallpromptlyissueanewNote,andtheTrustee,uponreceiptofanIssuerAuthenticationOrder,
shallauthenticateandmailordeliver(orcausetobetransferredbybookentry)suchnewNotetosuchHolder(itbeing
understoodthat,notwithstandinganythinginthisIndenturetothecontrary,noOpinionofCounselorOfficersCertificateis
requiredfortheTrusteetoauthenticateandmailordeliversuchnewNote)inaprincipalamountequaltoanyunpurchased
portionoftheNotesurrenderedrepresentingthesameindebtednesstotheextentnotrepurchasedprovidedthateachsuch
newNoteshallbeinaprincipalamountof$2,000oranintegralmultipleof$1,000inexcessthereof.AnyNotenotso
acceptedshallbepromptlymailedordeliveredbytheIssuertotheHolderthereof.TheIssuershallpubliclyannouncethe
resultsoftheAssetSaleOfferonorassoonaspracticableafterthePurchaseDate.
OtherthanasspecificallyprovidedinthisSection3.09orSection4.10hereof,anypurchasepursuanttothis
Section3.09shallbemadepursuanttotheapplicableprovisionsofSections3.01through3.06hereof.
ARTICLE4
COVENANTS
Section4.01PaymentofNotes.
TheIssuershallpayorcausetobepaidtheprincipalofandpremium,ifany,andinterest(includingAdditionalInterest,
ifany)ontheNotesonthedatesandinthemannerprovidedintheNotes.Principal,premium,ifany,andinterestshallbe
consideredpaidonthedatedueifthePayingAgent,ifotherthantheIssueroraSubsidiary,holdsasofnoonEasternTimeon
theduedatemoneydepositedbytheIssuerinimmediatelyavailablefundsanddesignatedforandsufficienttopayall
principal,premium,ifany,andinterest(includingAdditionalInterest,ifany)thendue.TheIssuershallcauseAdditional
Interest,ifany,tobepaidinthesamemanneronthedatesandintheamountssetforthintheRegistrationRightsAgreement.

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TheIssuershallpayinterest(includingpostpetitioninterestinanyproceedingunderanyBankruptcyLaw)onoverdue
principalattherateequaltothethenapplicableinterestrateontheNotestotheextentlawfulitshallpayinterest(including
postpetitioninterestinanyproceedingunderanyBankruptcyLaw)onoverdueinstallmentsofinterest(including
AdditionalInterest,ifany)(withoutregardtoanyapplicablegraceperiod)atthesameratetotheextentlawful.
Section4.02MaintenanceofOfficeorAgency.
TheIssuershallmaintainanofficeoragency(whichmaybeanofficeoftheTrusteeoranaffiliateoftheTrustee,
Registrarorcoregistrar)whereNotesmaybesurrenderedforregistrationoftransferorforexchangeandwherenoticesand
demandstoorupontheIssuerinrespectoftheNotesandthisIndenturemaybeserved.Thisofficeshallinitiallybethe
CorporateTrustOfficeoftheTrustee.TheIssuershallgivepromptwrittennoticetotheTrusteeofthelocation,andany
changeinthelocation,ofsuchofficeoragency.IfatanytimetheIssuershallfailtomaintainanysuchrequiredofficeor
agencyorshallfailtofurnishtheTrusteewiththeaddressthereof,suchpresentations,surrenders,noticesanddemandsmay
bemadeorservedattheCorporateTrustOfficeoftheTrustee.
TheIssuermayalsofromtimetotimedesignateoneormoreotherofficesoragencieswheretheNotesmaybepresented
orsurrenderedforanyorallsuchpurposesandmayfromtimetotimerescindsuchdesignationsprovidedthatnosuch
designationorrescissionshallinanymannerrelievetheIssuerofitsobligationtomaintainanofficeoragencyforsuch
purposes.ThisofficeshallinitiallybetheCorporateTrustOfficeoftheTrustee.TheIssuershallgivepromptwrittennoticeto
theTrusteeofanysuchdesignationorrescissionandofanychangeinthelocationofanysuchotherofficeoragency.
TheIssuerherebydesignatestheCorporateTrustOfficeoftheTrusteeasonesuchofficeoragencyoftheIssuerin
accordancewithSection2.03hereof.
Section4.03ReportsandOtherInformation.
(a)NotwithstandingthatEFIHmaynotbesubjecttothereportingrequirementsofSection13or15(d)oftheExchange
Actorotherwisereportonanannualandquarterlybasisonformsprovidedforsuchannualandquarterlyreportingpursuant
torulesandregulationspromulgatedbytheSEC,EFIHshallfilewiththeSEC(andmakeavailabletotheTrusteeandHolders
oftheNotes(withoutexhibits),withoutcosttoanyHolder,within15daysafteritfilesthemwiththeSEC)fromandafterthe
IssueDate,
(1)within90days(oranyothertimeperiodthenineffectundertherulesandregulationsoftheExchangeActwith
respecttothefilingofaForm10Kbyanonacceleratedfiler)aftertheendofeachfiscalyear,annualreportson
Form10K,oranysuccessororcomparableform,containingtheinformationrequiredtobecontainedtherein,or
requiredinsuchsuccessororcomparableform
(2)within45daysaftertheendofeachofthefirstthreefiscalquartersofeachfiscalyear,reportsonForm10Q
containingallquarterlyinformationthatwouldberequiredtobecontainedinForm10Q,oranysuccessoror
comparableform
(3)promptlyfromtimetotimeaftertheoccurrenceofaneventrequiredtobethereinreported,suchotherreportson
Form8K,oranysuccessororcomparableformand

72
(4)anyotherinformation,documentsandotherreportswhichEFIHwouldberequiredtofilewiththeSECifitwere
subjecttoSection13or15(d)oftheExchangeAct
ineachcaseinamannerthatcompliesinallmaterialrespectswiththerequirementsspecifiedinsuchformprovidedthat
EFIHshallnotbesoobligatedtofilesuchreportswiththeSECiftheSECdoesnotpermitsuchfiling,inwhicheventEFIH
shallmakeavailablesuchinformationtoprospectivepurchasersofNotes,inadditiontoprovidingsuchinformationtothe
TrusteeandtheHoldersoftheNotes,ineachcasewithin15daysafterthetimeEFIHwouldberequiredtofilesuch
informationwiththeSECifitweresubjecttoSection13or15(d)oftheExchangeAct.Inaddition,totheextentnotsatisfied
bytheforegoing,EFIHshall,forsolongasanyNotesareoutstanding,furnishtoHoldersandtosecuritiesanalystsand
prospectiveinvestors,upontheirrequest,theinformationrequiredtobedeliveredpursuanttoRule144A(d)(4)underthe
SecuritiesAct.
(b)IntheeventthatanydirectorindirectparentcompanyofEFIHbecomesaGuarantoroftheNotes,EFIHmaysatisfy
itsobligationsunderthisSection4.03withrespecttofinancialinformationrelatingtoEFIHbyfurnishingfinancial
informationrelatingtosuchparentprovidedthatthesameisaccompaniedbyconsolidatinginformationthatexplainsin
reasonabledetailthedifferencesbetweentheinformationrelatingtosuchparent,ontheonehand,andtheinformation
relatingtoEFIHanditsRestrictedSubsidiariesonastandalonebasis,ontheotherhand.
(c)Notwithstandinganythinghereintothecontrary,EFIHshallnotbedeemedtohavefailedtocomplywithanyofits
obligationssetforthunderthisSection4.03forpurposesofclause(3)ofSection6.01(a)hereofuntil60daysafterthedate
anyreportisduepursuanttothisSection4.03.
Section4.04ComplianceCertificate.
(a)TheIssuerandeachGuarantor(totheextentthatsuchGuarantorissorequiredundertheTrustIndentureAct)shall
delivertotheTrustee,within90daysaftertheendofeachfiscalyearendingaftertheIssueDate,acertificatefromthe
principalexecutiveofficer,principalfinancialofficerorprincipalaccountingofficerstatingthatareviewoftheactivitiesof
theIssueranditsRestrictedSubsidiariesduringtheprecedingfiscalyearhasbeenmadeunderthesupervisionofthesigning
OfficerwithaviewtodeterminingwhethertheIssuerhaskept,observed,performedandfulfilleditsobligationsunderthis
Indenture,andfurtherstating,astosuchOfficersigningsuchcertificate,thattothebestofhisorherknowledgetheIssuerhas
kept,observed,performedandfulfilledeachandeveryconditionandcovenantcontainedinthisIndentureandisnotin
defaultintheperformanceorobservanceofanyoftheterms,provisions,covenantsandconditionsofthisIndenture(or,ifa
Defaultshallhaveoccurred,describingallsuchDefaultsofwhichheorshemayhaveknowledgeandwhatactiontheIssueris
takingorproposestotakewithrespectthereto).
(b)WhenanyDefaulthasoccurredandiscontinuingunderthisIndenture,oriftheTrusteeortheholderofanyother
evidenceofIndebtednessofEFIHoranySubsidiarygivesanynoticeortakesanyotheractionwithrespecttoaclaimed
Default,EFIHshallpromptly(whichshallbenomorethanfiveBusinessDays)delivertotheTrusteebyregisteredorcertified
mailorbyfacsimiletransmissionanOfficersCertificatespecifyingsucheventandwhatactiontheIssuerproposestotake
withrespectthereto.
Section4.05Taxes.
EFIHshallpay,andshallcauseeachofitsSubsidiariestopay,priortodelinquency,allmaterialtaxes,assessments,and
governmentalleviesexceptsuchasarecontestedingoodfaithandbyappropriatenegotiationsorproceedingsorwherethe
failuretoeffectsuchpaymentisnotadverseinanymaterialrespecttotheHoldersoftheNotes.

73
Section4.06Stay,ExtensionandUsuryLaws.
TheIssuerandeachoftheGuarantorscovenant(totheextentthattheymaylawfullydoso)thattheyshallnotatany
timeinsistupon,plead,orinanymannerwhatsoeverclaimortakethebenefitoradvantageof,anystay,extensionorusury
lawwhereverenacted,noworatanytimehereafterinforce,thatmayaffectthecovenantsortheperformanceofthis
IndentureandtheIssuerandeachoftheGuarantors(totheextentthattheymaylawfullydoso)herebyexpresslywaiveall
benefitoradvantageofanysuchlaw,andcovenantthattheyshallnot,byresorttoanysuchlaw,hinder,delayorimpedethe
executionofanypowerhereingrantedtotheTrustee,butshallsufferandpermittheexecutionofeverysuchpowerasthough
nosuchlawhasbeenenacted.
Section4.07LimitationonRestrictedPayments.
(a)EFIHshallnot,andshallnotpermitanyofitsRestrictedSubsidiariesto,directlyorindirectly:
(I)declareorpayanydividendormakeanypaymentordistributiononaccountofEFIHs,oranyofitsRestricted
SubsidiariesEquityInterests,includinganydividendordistributionpayableinconnectionwithanymergeror
consolidationotherthan:
(A)dividendsordistributionsbyEFIHpayablesolelyinEquityInterests(otherthanDisqualifiedStock)of
EFIHor
(B)dividendsordistributionsbyaRestrictedSubsidiarysolongas,inthecaseofanydividendordistribution
payableonorinrespectofanyclassorseriesofsecuritiesissuedbyaRestrictedSubsidiaryotherthanaWholly
OwnedSubsidiary,EFIHoraRestrictedSubsidiaryreceivesatleastitsproratashareofsuchdividendor
distributioninaccordancewithitsEquityInterestsinsuchclassorseriesofsecurities
(II)purchase,redeem,defeaseorotherwiseacquireorretireforvalueanyEquityInterestsofEFIHoranydirector
indirectparentofEFIH,includinginconnectionwithanymergerorconsolidation
(III)makeanyprincipalpaymenton,orredeem,repurchase,defeaseorotherwiseacquireorretireforvalueineach
case,priortoanyscheduledrepayment,sinkingfundpaymentormaturity,anySubordinatedIndebtedness,otherthan:
(A)Indebtednesspermittedunderclauses(7)and(8)ofSection4.09(b)hereof(otherthanSubordinated
IndebtednessofEFIHtoEFHCorp.oranyofitssubsidiarieswhichwasusedbyEFIHtopayprincipalonits
Indebtedness)or
(B)thepurchase,repurchaseorotheracquisitionofSubordinatedIndebtednesspurchasedinanticipationof
satisfyingasinkingfundobligation,principalinstallmentorfinalmaturity,ineachcaseduewithinoneyearofthe
dateofpurchase,repurchaseoracquisitionor
(IV)makeanyRestrictedInvestment(allsuchpaymentsandotheractionssetforthinclauses(I)through(IV)above
(otherthananyexceptionthereto)beingcollectivelyreferredtoasRestrictedPayments),unless,atthetimeofsuch
RestrictedPayment:
(1)noDefaultshallhaveoccurredandbecontinuingorwouldoccurasaconsequencethereof

74
(2)immediatelyaftergivingeffecttosuchtransactiononaproformabasis,theRestrictedPaymentCoverage
Ratioforthemostrecentlyendedfourfiscalquartersforwhichinternalfinancialstatementsareavailable
immediatelyprecedingthedateofsuchRestrictedPaymentwouldhavebeenatleast2.00to1.00and
(3)suchRestrictedPayment,togetherwiththeaggregateamountofallotherRestrictedPaymentsmadeby
EFIHanditsRestrictedSubsidiariesaftertheClosingDate(includingRestrictedPaymentspermittedbyclauses(1),
(2)(withrespecttothepaymentofdividendsonRefundingCapitalStock(asdefinedbelow)pursuanttoclause(b)
thereofonly),(6)(c),(9),(14)and(18)ofSection4.07(b)hereof,butexcludingallotherRestrictedPayments
permittedbySection4.07(b)hereof),islessthanthesumof(withoutduplication):
(a)50%oftheConsolidatedNetIncomeofEFIHfortheperiod(takenasoneaccountingperiod)
beginningOctober11,2007,totheendofEFIHsmostrecentlyendedfiscalquarterforwhichinternal
financialstatementsareavailableatthetimeofsuchRestrictedPayment,or,inthecasesuchConsolidated
NetIncomeforsuchperiodisadeficit,minus100%ofsuchdeficitplus
(b)100%oftheaggregatenetcashproceedsandthefairmarketvalue,asdeterminedingoodfaithby
EFIH,ofmarketablesecuritiesorotherpropertyreceivedbyEFIHsinceimmediatelyaftertheClosingDate
(otherthannetcashproceedstotheextentsuchnetcashproceedshavebeenusedtoincurIndebtedness,
DisqualifiedStockorPreferredStockpursuanttoclause(12)(a)ofSection4.09(b)hereof)fromtheissueor
saleof:
(i)(A)EquityInterestsofEFIH,includingTreasuryCapitalStock(asdefinedbelow),butexcluding
cashproceedsandthefairmarketvalue,asdeterminedingoodfaithbyEFIH,ofmarketablesecuritiesor
otherpropertyreceivedfromthesaleof:
(x)EquityIntereststomembersofmanagement,directorsorconsultantsofEFIH,anydirector
indirectparentcompanyofEFIHandEFIHsSubsidiariesaftertheClosingDatetotheextentsuch
amountshavebeenappliedtoRestrictedPaymentsmadeinaccordancewithclause(4)of
Section4.07(b)hereofand
(y)DesignatedPreferredStockand
(B)totheextentsuchnetcashproceedsareactuallycontributedtothecapitalofEFIH,Equity
InterestsofEFIHsdirectorindirectparentcompanies(excludingcontributionsoftheproceeds
fromthesaleofDesignatedPreferredStockofsuchcompaniesorcontributionstotheextentsuch
amountshavebeenappliedtoRestrictedPaymentsmadeinaccordancewithclause(4)of
Section4.07(b)hereof)or

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(ii)debtsecuritiesofEFIHthathavebeenconvertedintoorexchangedforsuchEquityInterestsof
EFIH
provided,however,thatthisclause(b)shallnotincludetheproceedsfrom(V)RefundingCapitalStock(as
definedbelow),(W)EquityInterestsordebtsecuritiesofEFIHsoldtoaRestrictedSubsidiary,asthecase
maybe,(X)DisqualifiedStockordebtsecuritiesthathavebeenconvertedintoorexchangedforDisqualified
Stockor(Y)ExcludedContributionsplus
(c)100%oftheaggregateamountofcashandthefairmarketvalue,asdeterminedingoodfaithby
EFIH,ofmarketablesecuritiesorotherpropertycontributedtothecapitalofEFIHfollowingtheClosing
Date(otherthannetcashproceedstotheextentsuchnetcashproceeds(i)havebeenusedtoincur
Indebtedness,DisqualifiedStockorPreferredStockpursuanttoclause(12)(a)ofSection4.09(b)hereof,
(ii)arecontributedbyaRestrictedSubsidiaryor(iii)constituteExcludedContributions)plus
(d)100%oftheaggregateamountreceivedincashandthefairmarketvalue,asdeterminedingood
faithbyEFIH,ofmarketablesecuritiesorotherpropertyreceivedbymeansof:
(i)thesaleorotherdisposition(otherthantoEFIHoraRestrictedSubsidiary)ofRestricted
Investments(otherthanRestrictedInvestmentsinanyOncorSubsidiaryorSuccessorOncorBusiness)
madebyEFIHoritsRestrictedSubsidiariesaftertheClosingDateandrepurchasesandredemptionsof
suchRestrictedInvestmentsfromEFIHoritsRestrictedSubsidiariesandrepaymentsofloansor
advances,andreleasesofguarantees,whichconstituteRestrictedInvestmentsbyEFIHoritsRestricted
SubsidiariesaftertheClosingDateor
(ii)thesale(otherthantoEFIHoraRestrictedSubsidiary)ofthestockofanUnrestricted
Subsidiary(otherthan(x)totheextenttheInvestmentinsuchUnrestrictedSubsidiarywasmadeby
EFIHoraRestrictedSubsidiarypursuanttoclause(7)ofSection4.07(b)hereof,(y)totheextentsuch
InvestmentconstitutedaPermittedInvestmentor(z)anInvestmentintheOncorSubsidiariesorany
SuccessorOncorBusiness)oradistributionordividendfromanUnrestrictedSubsidiaryafterthe
ClosingDate(otherthandistributionsordividendsfromtheOncorSubsidiariesoranySuccessorOncor
BusinessexcepttotheextentsuchdistributionsordividendswerereceivedpriortoNovember16,2009
andexceededtheaggregateamountofInvestmentsintheOncorSubsidiariesthenoutstandingunder
clauses(7)and(11)ofSection4.07(b)hereofandclauses(8)and(13)ofthedefinitionofPermitted
Investmentsand,totheextentthattheamountofsuchdistributionsordividendsdidnotexceedsuch
aggregateamountofInvestmentsthenoutstandingundersuchclauses,theamountofsuchInvestments
thenoutstandingunderanyofsuchclausesshallbereducedbytheamountofsuchdistributionsor
dividendsreceived)plus
(e)inthecaseoftheredesignationofanUnrestrictedSubsidiary(otherthantheOncorSubsidiariesor
anySuccessorOncorBusiness)asa

76
RestrictedSubsidiaryaftertheClosingDate,thefairmarketvalueoftheInvestmentinsuchUnrestricted
Subsidiary,asdeterminedbyEFIHingoodfaith(orifsuchfairmarketvalueexceeds$200.0million,in
writingbyanIndependentFinancialAdvisor),atthetimeoftheredesignationofsuchUnrestricted
SubsidiaryasaRestrictedSubsidiaryotherthantotheextenttheInvestmentinsuchUnrestrictedSubsidiary
wasmadebyEFIHoraRestrictedSubsidiarypursuanttoclause(7)ofSection4.07(b)hereofortotheextent
suchInvestmentconstitutedaPermittedInvestment.
(b)TheprovisionsofSection4.07(a)shallnotprohibit:
(1)thepaymentofanydividendwithin60daysafterthedateofdeclarationthereof,ifatthedateofdeclaration
suchpaymentwouldhavecompliedwiththeprovisionsofthisIndenture
(2)(a)theredemption,repurchase,retirementorotheracquisitionofanyEquityInterests(TreasuryCapitalStock)
orSubordinatedIndebtednessoftheIssueroraGuarantororanyEquityInterestsofanydirectorindirectparent
companyofEFIH,inexchangefor,oroutoftheproceedsofthesubstantiallyconcurrentsale(otherthantoaRestricted
Subsidiary)of,EquityInterestsofEFIHoranydirectorindirectparentcompanyofEFIHtotheextentcontributedtothe
capitalofEFIH(ineachcase,otherthananyDisqualifiedStock)(RefundingCapitalStock)and(b)ifimmediately
priortotheretirementofTreasuryCapitalStock,thedeclarationandpaymentofdividendsthereonwaspermittedunder
clause(6)ofthisSection4.07(b),thedeclarationandpaymentofdividendsontheRefundingCapitalStock(otherthan
RefundingCapitalStocktheproceedsofwhichwereusedtoredeem,repurchase,retireorotherwiseacquireanyEquity
InterestsofanydirectorindirectparentcompanyofEFIH)inanaggregateamountperyearnogreaterthantheaggregate
amountofdividendsperannumthatweredeclarableandpayableonsuchTreasuryCapitalStockimmediatelypriorto
suchretirement
(3)theredemption,repurchaseorotheracquisitionorretirementofSubordinatedIndebtednessoftheIssuerora
Guarantormadeinexchangefor,oroutoftheproceedsofthesubstantiallyconcurrentsaleof,newIndebtednessofthe
IssueroraGuarantor,asthecasemaybe,whichisincurredincompliancewithSection4.09hereof,solongas:
(a)theprincipalamount(oraccretedvalue)ofsuchnewIndebtednessdoesnotexceedtheprincipalamountof
(oraccretedvalue,ifapplicable),plusanyaccruedandunpaidintereston,theSubordinatedIndebtednessbeingso
redeemed,repurchased,acquiredorretiredforvalue,plustheamountofanyreasonablepremium(including
reasonabletenderpremiums),defeasancecostsandanyreasonablefeesandexpensesincurredinconnectionwith
theissuanceofsuchnewIndebtedness
(b)suchnewIndebtednessissubordinatedtotheNotesortheapplicableGuaranteeatleasttothesameextent
assuchSubordinatedIndebtednesssopurchased,exchanged,redeemed,repurchased,acquiredorretiredforvalue
(c)suchnewIndebtednesshasafinalscheduledmaturitydateequaltoorlaterthanthefinalscheduled
maturitydateoftheSubordinatedIndebtednessbeingsoredeemed,repurchased,acquiredorretiredand
(d)suchnewIndebtednesshasaWeightedAverageLifetoMaturityequaltoorgreaterthantheremaining
WeightedAverageLifetoMaturityoftheSubordinatedIndebtednessbeingsoredeemed,repurchased,acquiredor
retired

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(4)aRestrictedPaymenttopayfortherepurchase,retirementorotheracquisitionorretirementforvalueofEquity
Interests(otherthanDisqualifiedStock)ofEFIHoranyofitsdirectorindirectparentcompaniesheldbyanyfuture,
presentorformeremployee,directororconsultantofEFIH,anyofitsSubsidiariesoranyofitsdirectorindirectparent
companiespursuanttoanymanagementequityplanorstockoptionplanoranyothermanagementoremployeebenefit
planoragreement,includinganyEquityInterestsrolledoverbymanagementofEFIHoranyofitsdirectorindirect
parentcompaniesinconnectionwiththeTransactionsprovided,however,thattheaggregateRestrictedPaymentsmade
underthisclause(4)donotexceedinanycalendaryear$25.0million(whichshallincreaseto$50.0millionsubsequent
totheconsummationofanunderwrittenpublicEquityOfferingbyEFIHoranydirectorindirectparententityofEFIH)
(withunusedamountsinanycalendaryearbeingcarriedovertosucceedingcalendaryearssubjecttoamaximum
(withoutgivingeffecttothefollowingproviso)of$75.0millioninanycalendaryear(whichshallincreaseto
$150.0millionsubsequenttotheconsummationofanunderwrittenpublicEquityOfferingbyEFIHoranydirector
indirectparententityofEFIH))provided,further,thatsuchamountinanycalendaryearmaybeincreasedbyanamount
nottoexceed:
(a)thecashproceedsfromthesaleofEquityInterests(otherthanDisqualifiedStock)ofEFIHand,tothe
extentcontributedtoEFIH,EquityInterestsofanyofEFIHsdirectorindirectparentcompanies,ineachcaseto
membersofmanagement,directorsorconsultantsofEFIH,anyofitsSubsidiariesoranyofitsdirectorindirect
parentcompaniesthatoccursaftertheClosingDate,totheextentthecashproceedsfromthesaleofsuchEquity
InterestshavenototherwisebeenappliedtothepaymentofRestrictedPaymentsbyvirtueofclause(3)of
Section4.07(a)hereofplus
(b)thecashproceedsofkeymanlifeinsurancepoliciesreceivedbyEFIHoritsRestrictedSubsidiariesafter
theClosingDateless
(c)theamountofanyRestrictedPaymentspreviouslymadewiththecashproceedsdescribedinclauses(a)and
(b)ofthisclause(4)
andprovided,further,thatcancellationofIndebtednessowingtoEFIHoranyRestrictedSubsidiaryfrommembersof
managementofEFIH,anyofEFIHsdirectorindirectparentcompaniesoranyofEFIHsRestrictedSubsidiariesin
connectionwitharepurchaseofEquityInterestsofEFIHoranyofitsdirectorindirectparentcompaniesshallnotbe
deemedtoconstituteaRestrictedPaymentforpurposesofthisSection4.07oranyotherprovisionofthisIndenture
(5)thedeclarationandpaymentofdividendstoholdersofanyclassorseriesofDisqualifiedStockofEFIHorany
ofitsRestrictedSubsidiariesoranyclassorseriesofPreferredStockofanyRestrictedSubsidiaryissuedinaccordance
withSection4.09hereoftotheextentsuchdividendsareincludedinthedefinitionofFixedCharges
(6)(a)thedeclarationandpaymentofdividendstoholdersofanyclassorseriesofDesignatedPreferredStock
(otherthanDisqualifiedStock)issuedbyEFIHaftertheClosingDate
(b)thedeclarationandpaymentofdividendstoadirectorindirectparentcompanyofEFIH,theproceedsof
whichshallbeusedtofundthepaymentofdividendstoholdersofanyclassorseriesofDesignatedPreferredStock
(otherthanDisqualifiedStock)ofsuchparentcorporationissuedaftertheClosingDateprovidedthattheamount
ofdividendspaidpursuanttothisclause(b)shallnotexceedtheaggregateamountofcashactuallycontributedto
EFIHfromthesaleofsuchDesignatedPreferredStockor

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(c)thedeclarationandpaymentofdividendsonRefundingCapitalStockthatisPreferredStockinexcessof
thedividendsdeclarableandpayablethereonpursuanttoclause(2)ofSection4.07(b)hereof
provided,however,inthecaseofeachof(a)and(c)ofthisclause(6),thatforthemostrecentlyendedfourfullfiscal
quartersforwhichinternalfinancialstatementsareavailableimmediatelyprecedingthedateofissuanceofsuch
DesignatedPreferredStockorthedeclarationofsuchdividendsonRefundingCapitalStockthatisPreferredStock,after
givingeffecttosuchissuanceordeclarationonaproformabasis,theRestrictedPaymentCoverageRatioforthemost
recentlyendedfourfiscalquartersforwhichinternalfinancialstatementsareavailableimmediatelyprecedingthedate
ofsuchRestrictedPaymentwouldhavebeenatleast2.00to1.00
(7)InvestmentsinUnrestrictedSubsidiarieshavinganaggregatefairmarketvalue(withthefairmarketvalueof
eachInvestmentbeingmeasuredatthetimemadeandwithoutgivingeffecttosubsequentchangesinvalue),taken
togetherwithallotherInvestmentsmadepursuanttothisclause(7)thatareatthetimeoutstanding,withoutgiving
effecttothesaleofanUnrestrictedSubsidiarytotheextenttheproceedsofsuchsaledonotconsistofcashor
marketablesecurities,nottoexceed(A)1.5%ofTotalAssetsatthetimeofsuchInvestmentand(B)totheextent
investedinanyoftheOncorSubsidiariesoranySuccessorOncorBusiness,$500.0million
(8)repurchasesofEquityInterestsdeemedtooccuruponexerciseofstockoptionsorwarrantsifsuchEquity
Interestsrepresentaportionoftheexercisepriceofsuchoptionsorwarrants
(9)thedeclarationandpaymentofdividendsonEFIHscommonstockormembershipinterests(orthepaymentof
dividendstoanydirectorindirectparententitytofundapaymentofdividendsonsuchentityscommonstock),
followingconsummationofthefirstpublicofferingofEFIHscommonstockorthecommonstockofanyofitsdirector
indirectparentcompaniesaftertheClosingDate,ofupto6%perannumofthenetcashproceedsreceivedbyor
contributedtoEFIHinorfromanysuchpublicoffering,otherthanpublicofferingswithrespecttoEFIHscommon
stockregisteredonFormS4orFormS8andotherthananypublicsaleconstitutinganExcludedContribution
(10)RestrictedPaymentsinanaggregateamountequaltotheamountofExcludedContributions
(11)(A)otherRestrictedPaymentsinanaggregateamounttakentogetherwithallotherRestrictedPaymentsmade
pursuanttothisclause(11)(A)nottoexceed$100.0millionand(B)themakingofIntercompanyLoanstoEFHCorp.so
longasEFIHisaSubsidiaryofEFHCorp.inamountsrequired(aftertakingintoaccountanyfundsreceivedbyEFH
Corp.fromitsotherSubsidiariesafterNovember16,2009forsuchpurpose)forEFHCorp.topay,ineachcasewithout
duplication,(1)interestwhendueontheExistingEFHCorp.Notes(otherthananyExistingEFHCorp.Notesthenheld
byEFIH)andanyIndebtednessincurredtoreplace,refundorrefinanceanysuchdebtand(2)anyOptionalInterest
Repayment(asdefinedintheindenturepursuanttowhichtheEFHCorp.2017Noteswereissued)oranysimilar
paymentsonIndebtednessincurredtoreplace,refundorrefinancesuchIndebtednessprovidedthatinconnectionwith
anysuchreplacement,refundingorrefinancingunderthisclause(2),theaggregateprincipalamountofsuch
Indebtednessisnotincreased(exceptbyanamountequaltoaccruedinterest,feesandexpensespayableinconnection
therewith)
(12)distributionsorpaymentsofReceivablesFees

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(13)anyRestrictedPaymentmadeaspartoforinconnectionwiththeTransactions(includingpaymentsmadeafter
theClosingDateinrespectofEFIHsanditsSubsidiariesorparentcompanieslongtermincentiveplanorinrespectof
taxgrossupsorotherdeferredcompensation)andthefeesandexpensesrelatedtheretoorusedtofundamountsowedto
Affiliates(includingdividendstoanydirectorindirectparentofEFIHtopermitpaymentbysuchparentofsuch
amount),ineachcasetotheextentpermittedbySection4.11hereof
(14)therepurchase,redemptionorotheracquisitionorretirementforvalueofanySubordinatedIndebtednessin
accordancewiththeprovisionssimilartothosedescribedunderSections4.10and4.14hereofprovidedthatallNotes
tenderedbyHoldersinconnectionwithaChangeofControlOffer,AssetSaleOfferorCollateralAssetSaleOffer,as
applicable,havebeenrepurchased,redeemedoracquiredforvalue
(15)thedeclarationandpaymentofdividendsordistributionsbyEFIHto,orthemakingofloansto,anydirector
indirectparentcompanyinamountsrequired(aftertakingintoaccountanyfundsreceivedbysuchparentcompanyfrom
itsotherSubsidiariesaftertheIssueDateforsuchpurpose)foranydirectorindirectparentcompaniestopay,ineach
casewithoutduplication,
(a)franchiseandexcisetaxesandotherfees,taxesandexpensesrequiredtomaintaintheircorporateexistence
(b)foreign,federal,stateandlocalincometaxes,totheextentsuchincometaxesareattributabletotheincome
ofEFIHanditsRestrictedSubsidiariesand,totheextentoftheamountactuallyreceivedfromitsUnrestricted
Subsidiariesprovidedthatineachcasetheamountofsuchpaymentsinanyfiscalyeardoesnotexceedtheamount
thatEFIHanditsSubsidiarieswouldberequiredtopayinrespectofforeign,federal,stateandlocaltaxesforsuch
fiscalyearwereEFIH,itsRestrictedSubsidiariesanditsUnrestrictedSubsidiaries(totheextentdescribedabove)to
paysuchtaxesseparatelyfromanysuchparententity
(c)customarysalary,bonusandotherbenefitspayabletoofficersandemployeesofanydirectorindirect
parentcompanyofEFIHtotheextentsuchsalaries,bonusesandotherbenefitsareattributabletotheownershipor
operationofEFIHanditsSubsidiaries
(d)generalcorporateoperatingandoverheadcostsandexpensesofanydirectorindirectparentcompanyof
EFIHtotheextentsuchcostsandexpensesareattributabletotheownershiporoperationofEFIHandits
Subsidiariesand
(e)feesandexpensesotherthantoAffiliatesofEFIHrelatedtoanyunsuccessfulequityordebtofferingof
suchparententity
(16)RestrictedPaymentstoEFHCorp.withtheNetProceedsfromAssetSalestobeusedbyEFHCorp.torepayor
prepayIndebtednessofEFHCorp.thatisguaranteedbyEFIHandconstitutesParityLienDebt,totheextentthe
repaymentorprepaymentofsuchIndebtednessispermittedbySection4.10(b)orSection4.10(f)hereof,oranAssetSale
OfferoraCollateralAssetSaleOffermadeinaccordancewithSection4.10hereof
(17)RestrictedPaymentsintheformofadividendtoEFHCorp.(solongasEFIHisaSubsidiaryofEFHCorp.)of
(a)anyExistingEFHCorp.NotesorIndebtednessofTCEHreceivedbyEFIH(i)inexchangefortheEFIH9.75%Notes
ortheEFIH10.000%Notesintherespectiveexchangeofferrelatingtheretoinwhichsuchnoteswereissuedor
otherwise

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contributedtoitor(ii)inexchangeforIndebtednessofEFHCorp.orTCEHreceivedinexchangefortheEFIH9.75%
NotesortheEFIH10.000%Notesintherespectiveexchangeofferrelatedtheretoinwhichsuchnoteswereissuedor
otherwisecontributedtoit,or(b)anyIndebtednessofEFHCorp.oritsSubsidiariesexistingontheIssueDatereceived
byEFIHinexchangeforIndebtednessoftheIssueroranyGuarantorpermittedtobeincurredunderclause(2)of
Section4.09(b)hereof,ineachcase,includinganypaymentsreceivedfromtheapplicableobligorthereontotheextent
suchpaymentsareexcludedwhencalculatingConsolidatedNetIncome
(18)RestrictedPaymentstoEFHCorp.(solongasEFIHisaSubsidiaryofEFHCorp.)inanaggregateamountsince
November16,2009nottoexceedEFHCorp.sRatablePortionofOncorDividendstotheextentsuchdividendshave
notbeenusedbyEFIHoranyofitsRestrictedSubsidiariestomakeaRestrictedPaymentpursuanttoSection4.07(a)
hereofprovidedthattheproceedsofsuchRestrictedPaymentsareusedbyEFHCorp.topayinterestontheExisting
EFHCorp.Notes,anyParityLienDebtofEFHCorp.oranyrefinancingsthereof
(19)guaranteesofIndebtednessofEFHCorp.totheextentpermittedtobeincurredunderclauses(2)and(3)of
Section4.09(b)hereofor
(20)RestrictedPaymentsintheformofadividendtoEFHCorp.fromanAssetSaleCashCollateralAccountin
accordancewithSection4.10(f)hereof,solelytofundscheduledinterestpaymentswhendueandpayableon
IndebtednessofEFHCorp.thatisguaranteedbyEFIHandconstitutesParityLienDebtprovidedthatanyindividual
RestrictedPaymentmadepursuanttothisclause(20)maynotexceedtheamountofthenextscheduledinterestpayment
onsuchParityLienDebtofEFHCorp.andthatproceedsfromsuchAssetSaleCashCollateralAccountarebeing
appliedproratatomakescheduledinterestpaymentsonParityLienDebtofEFIH
provided,however,thatatthetimeof,andaftergivingeffectto,anyRestrictedPaymentpermittedunderclauses(7),
(11)and(18)ofthisSection4.07(b),noDefaultshallhaveoccurredandbecontinuingorwouldoccurasaconsequence
thereof.
Fortheavoidanceofdoubt,thespinoffbyEFHCorp.oftheEquityInterestsofEFIHinaPermittedAssetTransfer
wouldnotbeaRestrictedPayment.
EFIHshallnotpermitanyUnrestrictedSubsidiarytobecomeaRestrictedSubsidiaryexceptpursuanttothe
penultimateparagraphofthedefinitionofUnrestrictedSubsidiary.ForpurposesofdesignatinganyRestricted
SubsidiaryasanUnrestrictedSubsidiary,alloutstandingInvestmentsbyEFIHanditsRestrictedSubsidiaries(exceptto
theextentrepaid)intheSubsidiarysodesignatedshallbedeemedtobeRestrictedPaymentsinanamountdetermined
assetforthinthelastsentenceofthedefinitionofInvestments.Suchdesignationshallbepermittedonlyifa
RestrictedPaymentinsuchamountwouldbepermittedatsuchtime,whetherpursuanttoSection4.07(a)hereoforunder
clause(7),(10)or(11)ofSection4.07(b)hereof,orpursuanttothedefinitionofPermittedInvestments,andifsuch
SubsidiaryotherwisemeetsthedefinitionofanUnrestrictedSubsidiary.
NotwithstandingtheforegoingprovisionsofthisSection4.07,EFIHshallnot,andshallnotpermitanyofits
RestrictedSubsidiariesto,payanycashdividendormakeanycashdistributiontoEFHCorp.orinrespectofEFIHs
CapitalStockorpurchaseforcashorotherwiseacquireforcashanyCapitalStockofEFIHoranydirectorindirect
parentofEFIHforthepurposeofpayinganycashdividendormakinganycashdistributionto,oracquiringCapital
StockofanydirectorindirectparentofEFIHforcashfrom,theInvestors,orguaranteeany

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IndebtednessofanyAffiliateofEFIHforthepurposeofpayingsuchdividend,makingsuchdistributionorsoacquiring
suchCapitalStocktoorfromtheInvestors,ineachcasebymeansofutilizationofthecumulativeRestrictedPayment
creditprovidedbySection4.07(a)hereof,ortheexceptionsprovidedbyclauses(1),(7)or(11)ofSection4.07(b)hereof
orclauses(8),(10)or(13)ofthedefinitionofPermittedInvestments,unless(x)atthetimeandaftergivingeffectto
suchpayment,theConsolidatedLeverageRatioofEFIHwouldbeequaltoorlessthan6.00to1.00priortoaPermitted
AssetTransferand7.00to1.00afteraPermittedAssetTransferand(y)suchpaymentisotherwiseincompliancewith
thisSection4.07.
Section4.08DividendandOtherPaymentRestrictionsAffectingRestrictedSubsidiaries.
(a)EFIHshallnot,andshallnotpermitanyofitsRestrictedSubsidiariesthatarenotGuarantorsto,directlyorindirectly,
createorotherwisecauseorsuffertoexistorbecomeeffectiveanyconsensualencumbranceorconsensualrestrictiononthe
abilityofanysuchRestrictedSubsidiaryto:
(1)(A)paydividendsormakeanyotherdistributionstoEFIHoranyofitsRestrictedSubsidiariesonitsCapital
Stockorwithrespecttoanyotherinterestorparticipationin,ormeasuredby,itsprofits,or
(B)payanyIndebtednessowedtoEFIHoranyofitsRestrictedSubsidiaries
(2)makeloansoradvancestoEFIHoranyofitsRestrictedSubsidiariesor
(3)sell,leaseortransferanyofitspropertiesorassetstoEFIHoranyofitsRestrictedSubsidiaries.
(b)TherestrictionsinSection4.08(a)hereofshallnotapplytoencumbrancesorrestrictionsexistingunderorbyreason
of:
(1)contractualencumbrancesorrestrictionsineffectontheIssueDate,includingpursuanttotheExistingEFH
Corp.Notesandrelateddocumentation
(2)(i)thisIndenture,theNotesandtheSecurityDocuments,(ii)theEFIH9.75%NotesIndentureandrelated
documentation,theEFIH10.000%NotesIndentureandrelateddocumentationandtheEFIH11%NotesIndentureand
relateddocumentationand(iii)theEFHCorp.9.75%NotesIndentureandrelateddocumentationandtheEFHCorp.
10.000%NotesIndentureandrelateddocumentation,ineachcase,ineffectontheIssueDate
(3)purchasemoneyobligationsforpropertyacquiredintheordinarycourseofbusinessthatimposerestrictionsof
thenaturediscussedinclause(3)ofSection4.08(a)hereofonthepropertysoacquired
(4)applicablelaworanyapplicablerule,regulationororder
(5)anyagreementorotherinstrumentofaPersonacquiredbyEFIHoranyRestrictedSubsidiaryinexistenceatthe
timeofsuchacquisition(butnotcreatedincontemplationthereof),whichencumbranceorrestrictionisnotapplicable
toanyPerson,orthepropertiesorassetsofanyPerson,otherthanthePersonanditsSubsidiaries,orthepropertyor
assetsofthePersonanditsSubsidiaries,soacquired
(6)contractsforthesaleofassets,includingcustomaryrestrictionswithrespecttoaSubsidiaryofEFIHpursuantto
anagreementthathasbeenenteredintoforthesaleordispositionofallorsubstantiallyalloftheCapitalStockorassets
ofsuchSubsidiary

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(7)SecuredIndebtednessthatlimitstherightofthedebtortodisposeoftheassetssecuringsuchIndebtednessthat
isotherwisepermittedtobeincurredpursuanttoSections4.09and4.12hereof
(8)restrictionsoncashorotherdepositsornetworthimposedbycustomersundercontractsenteredintointhe
(9)(A)otherIndebtedness,DisqualifiedStockorPreferredStockofForeignSubsidiariespermittedtobeincurred
subsequenttotheIssueDatepursuanttotheprovisionsofSection4.09hereofor(B)otherIndebtedness,Disqualified
StockorPreferredStockpermittedtobeincurredsubsequenttotheIssueDatepursuanttotheprovisionsofSection4.09
hereofandeither(i)theprovisionsrelatingtosuchencumbranceorrestrictioncontainedinsuchIndebtednessareno
lessfavorabletoEFIH,takenasawhole,asdeterminedbyEFIHingoodfaith,thantheprovisionscontainedinthis
IndentureontheIssueDateortheprovisionsdescribedunderthecaptionDescriptionoftheFirstLienNotesinthe
OfferingMemorandumor(ii)anysuchencumbranceorrestrictiondoesnotprohibit(exceptuponadefaultthereunder)
thepaymentofdividendsorloansinanamountsufficient,asdeterminedbyEFIHingoodfaith,tomakescheduled
paymentsofcashinterestoftheNoteswhendue
(10)customaryprovisionsinjointventureagreementsandotheragreementsorarrangementsrelatingsolelytosuch
jointventure
(11)customaryprovisionscontainedinleasesorlicensesofintellectualpropertyandotheragreements,ineachcase
enteredintointheordinarycourseofbusiness
(12)anyencumbrancesorrestrictionsofthetypereferredtoinclauses(1),(2)and(3)ofSection4.08(a)hereof
imposedbyanyamendments,modifications,restatements,renewals,increases,supplements,refundings,replacementsor
refinancingofthecontracts,instrumentsorobligationsreferredtoinclauses(1)through(11)ofthisSection4.08(b)
providedthatsuchamendments,modifications,restatements,renewals,increases,supplements,refundings,replacements
orrefinancingsare,inthegoodfaithjudgmentofEFIH,nomorerestrictivewithrespecttosuchencumbranceandother
restrictionstakenasawholethanthosepriortosuchamendment,modification,restatement,renewal,increase,
supplement,refunding,replacementorrefinancing
(13)restrictionscreatedinconnectionwithanyReceivablesFacilityforthebenefitofEFIHoranyofitsRestricted
Subsidiariesthat,inthegoodfaithdeterminationofEFIH,arenecessaryoradvisabletoeffectthetransactions
contemplatedundersuchReceivablesFacilityand
(14)restrictionsorconditionscontainedinanytrading,netting,operating,construction,service,supply,purchase,
sale,hedgingorsimilaragreementtowhichEFIHoranyRestrictedSubsidiaryisapartyenteredintointheordinary
courseofbusinessprovidedthatsuchagreementprohibitstheencumbrancesolelytothepropertyorassetsofEFIHor
suchRestrictedSubsidiarythatarethesubjectofsuchagreement,thepaymentrightsarisingthereunderand/orthe
proceedsthereofanddoesnotextendtoanyotherassetorpropertyofEFIHorsuchRestrictedSubsidiaryortheassetsor
propertyofanyotherRestrictedSubsidiary.
Section4.09LimitationonIncurrenceofIndebtednessandIssuanceofDisqualifiedStockandPreferredStock.
(a)EFIHshallnot,andshallnotpermitanyofitsRestrictedSubsidiariesto,directlyorindirectly,create,incur,issue,
assume,guaranteeorotherwisebecomedirectlyorindirectlyliable,contingentlyorotherwise(collectively,incurand,
collectively,anincurrence)withrespecttoanyIndebtedness(includingAcquiredIndebtedness),andEFIHshallnotissue
anysharesofDisqualified

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StockandshallnotpermitanyRestrictedSubsidiarytoissueanysharesofDisqualifiedStockorPreferredStockprovided,
however,thatEFIHmayincurIndebtedness(includingAcquiredIndebtedness)orissuesharesofDisqualifiedStock,andany
ofitsRestrictedSubsidiariesmayincurIndebtedness(includingAcquiredIndebtedness),issuesharesofDisqualifiedStock
andissuesharesofPreferredStock,iftheFixedChargeCoverageRatioonaconsolidatedbasisforEFIHanditsRestricted
Subsidiariesmostrecentlyendedfourfiscalquartersforwhichinternalfinancialstatementsareavailableimmediately
precedingthedateonwhichsuchadditionalIndebtednessisincurredorsuchDisqualifiedStockorPreferredStockisissued
wouldhavebeenatleast2.00to1.00,determinedonaproformabasis(includingaproformaapplicationofthenetproceeds
therefrom),asiftheadditionalIndebtednesshadbeenincurred,ortheDisqualifiedStockorPreferredStockhadbeenissued,
asthecasemaybe,andtheapplicationofproceedstherefromhadoccurredatthebeginningofsuchfourquarterperiod.
(b)TheprovisionsofSection4.09(a)hereofshallnotapplyto:
(1)theincurrenceofIndebtednessunderCreditFacilitiesbytheIssueroranyofitsRestrictedSubsidiariesandthe
issuanceandcreationoflettersofcreditandbankersacceptancesthereunder(withlettersofcreditandbankers
acceptancesbeingdeemedtohaveaprincipalamountequaltothefaceamountthereof),uptoanaggregateprincipal
amountof$750.0millionoutstandingatanyonetime
(2)theincurrence(w)bytheIssueroranyGuarantorofIndebtednessrepresentedbytheNotesissuedontheIssue
Dateand,withoutduplication,anyExchangeNotes(includinganyguaranteesthereof),(x)bytheIssuerorany
GuarantorofanyAdditionalNotes(includinganyguaranteesthereof)issuedaftertheIssueDateorofanyguaranteeof
anyadditionalEFHCorp.9.75%NotesorEFHCorp.10.000%NotesissuedaftertheIssueDate,(y)bytheIssuerorany
GuarantorofanyotherIndebtednessand(z)bytheIssueroftheEFHCorp.9.75%Notes,theEFHCorp.10.000%Notes
oranyotherParityLienDebtofEFHCorp.intheeventitisassumedbytheIssuerinconnectionwithaPermittedAsset
TransferprovidedthattheaggregateprincipalamountofIndebtednessincurredunderthisclause(2),togetherwith
refinancingsthereof,shallnotexceed$4.0billionoutstandingatanyonetimeandprovided,furtherthattheaggregate
amountofIndebtednessthatmaybeincurredunderthisclause(2)shallbereducedbyanamountequaltotheamountof
ParityLienDebtrepaidusingtheNetProceedsfromAssetSalesofCollateralorotherOncorrelatedAssetsinaccordance
withSection4.10hereof(suchreductionnottoexceed$4.0billion)
(3)Indebtednessrepresentedby(i)IndebtednessoftheIssuerinexistenceontheEFIH10.000%NotesIssueDate,
(ii)theguaranteebyEFIHof(x)IndebtednessofEFHCorp.inexistenceontheEFIH10.000%NotesIssueDate(other
thanIndebtednessdescribedinclauses(1)and(2)ofthisSection4.09(b)),includingitsguaranteesoftheExistingEFH
Corp.Notes(includinganyPIKinterestwhichmaybepaidwithrespecttheretoandguaranteesthereof)and
(y)additionalIndebtednessofEFHCorp.incurredaftertheEFIH10.000%NotesIssueDate(otherthanIndebtedness
describedinclauses(1)and(2)ofthisSection4.09(b)),togetherwithrefinancingsthereof,and(iii)anySecuredLien
DebtofEFHCorp.thatisguaranteedbyEFIHthatisassumedbytheIssuerinconnectionwithaPermittedAssetTransfer
inexcessoftheamountassumedpursuanttoclause(2)(z)ofthisSection4.09(b),inthecaseofclauses(ii)(y)and(iii)up
toanaggregateprincipalamountof$3.0billionoutstandingatanyonetime
(4)IndebtednessconsistingofCapitalizedLeaseObligationsandPurchaseMoneyObligations,solongassuch
Indebtedness(exceptEnvironmentalCapExDebt)existsatthedateofsuchpurchase,leaseorimprovement,oriscreated
within270daysthereafter

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(5)IndebtednessincurredbyEFIHoranyofitsRestrictedSubsidiariesconstitutingreimbursementobligationswith
respecttolettersofcreditissuedintheordinarycourseofbusiness,includinglettersofcreditinrespectofworkers
compensationoremployeehealthclaims,orotherIndebtednesswithrespecttoreimbursementtypeobligations
regardingworkerscompensationoremployeehealthclaimsprovided,however,thatuponthedrawingofsuchlettersof
creditortheincurrenceofsuchIndebtedness,suchobligationsarereimbursedwithin30daysfollowingsuchdrawingor
incurrence
(6)IndebtednessarisingfromagreementsofEFIHoritsRestrictedSubsidiariesprovidingforindemnification,
adjustmentofpurchasepriceorsimilarobligations,ineachcase,incurredorassumedinconnectionwiththedisposition
ofanybusiness,assetsoraSubsidiary,otherthanguaranteesofIndebtednessincurredbyanyPersonacquiringallorany
portionofsuchbusiness,assetsoraSubsidiaryforthepurposeoffinancingsuchacquisitionprovided,however,that
suchIndebtednessisnotreflectedonthebalancesheetofEFIH,oranyofitsRestrictedSubsidiaries(contingent
obligationsreferredtoinafootnotetofinancialstatementsandnototherwisereflectedonthebalancesheetshallnotbe
deemedtobereflectedonsuchbalancesheetforpurposesofthisclause(6))
(7)IndebtednessofEFIHtoaRestrictedSubsidiaryor(solongasEFIHisaSubsidiaryofEFHCorp.)toEFHCorp.
oranyofitsrestrictedSubsidiaries,(A)totheextenttheproceedsofanysuchIndebtednesstoEFHCorp.oranyofits
restrictedSubsidiariesisusedbyEFIHtopayprincipalandinterestonitsIndebtednessortomakeInvestmentsinany
OncorSubsidiaryoranySuccessorOncorBusinessand(B)totheextentsuchIndebtednesstoEFHCorp.oritsrestricted
SubsidiariesrefinancesIndebtednessofEFIH,suchrefinancingIndebtednesshasaWeightedAverageLifetoMaturity
whichisnotlessthantheWeightedAverageLifetoMaturityoftheIndebtednessbeingrefinancedprovidedthatany
suchIndebtednessisexpresslysubordinatedinrightofpaymenttotheNotesprovided,further,thatanysubsequent
issuanceortransferofanyCapitalStockoranyothereventwhichresultsinanyRestrictedSubsidiaryceasingtobea
RestrictedSubsidiary(or,inthecaseofIndebtednesstoEFHCorp.oranyofitsrestrictedSubsidiaries,EFIHceasingto
beaSubsidiaryofEFHCorp.)oranyothersubsequenttransferofanysuchIndebtedness(excepttoEFIHoranother
RestrictedSubsidiary)shallbedeemed,ineachcase,tobeanincurrenceofsuchIndebtednessnotpermittedbythis
clause(7)
(8)IndebtednessofaRestrictedSubsidiarytoEFIHoranotherRestrictedSubsidiaryorifsuchRestricted
SubsidiaryisaGuarantor(solongasEFIHisaSubsidiaryofEFHCorp.),toEFHCorp.oranyofitsrestricted
Subsidiaries,(A)totheextenttheproceedsofsuchIndebtednesstoEFHCorp.oritsrestrictedSubsidiariesareusedby
EFIHtopayprincipalandinterestonitsIndebtednessortomakeInvestmentsinanyOncorSubsidiaryoranySuccessor
OncorBusinessand(B)totheextentsuchIndebtednessrefinancesIndebtednessofEFIH,suchrefinancingIndebtedness
hasaWeightedAverageLifetoMaturitywhichisnotlessthantheWeightedAverageLifetoMaturityofthe
IndebtednessbeingrefinancedprovidedthatifaGuarantorincurssuchIndebtedness,suchIndebtednessisexpressly
subordinatedinrightofpaymenttotheGuaranteeoftheNotesofsuchGuarantorprovided,further,thatanysubsequent
issuanceortransferofanyCapitalStockoranyothereventwhichresultsinanyRestrictedSubsidiaryceasingtobea
RestrictedSubsidiary(or,inthecaseofIndebtednesstoEFHCorp.oranyofitsrestrictedSubsidiaries,EFIHceasingto
beaSubsidiaryofEFHCorp.)oranyothersubsequenttransferofanysuchIndebtedness(excepttoEFIHoranother
RestrictedSubsidiary)shallbedeemed,ineachcase,tobeanincurrenceofsuchIndebtednessnotpermittedbythis
clause(8)

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(9)sharesofPreferredStockofaRestrictedSubsidiaryissuedtoEFIHoranotherRestrictedSubsidiaryorifsuch
RestrictedSubsidiaryisaGuarantor(solongasEFIHisaSubsidiaryofEFHCorp.),toEFHCorp.oranyofitsrestricted
Subsidiaries,(A)totheextentthattheproceedsofsuchPreferredStockissuedtoEFHCorp.oritsRestrictedSubsidiaries
areusedbyEFIHtopayprincipalandinterestonitsIndebtednessortomakeInvestmentsinanyOncorSubsidiaryor
anySuccessorOncorBusinessand(B)totheextentsuchPreferredStockrefinancesIndebtednessofEFIH,suchPreferred
StockhasaWeightedAverageLifetoMaturitywhichisnotlessthantheremainingWeightedAverageLifetoMaturity
oftheIndebtednessbeingrefinancedprovidedthatanysubsequentissuanceortransferofanyCapitalStockorany
othereventwhichresultsinanysuchRestrictedSubsidiaryceasingtobeaRestrictedSubsidiary(or,inthecaseof
PreferredStockissuedtoEFHCorporanyofitsrestrictedSubsidiaries,EFIHceasingtobeaSubsidiaryofEFHCorp.)or
anyothersubsequenttransferofanysuchsharesofPreferredStock(excepttoEFIHoranotherofitsRestricted
Subsidiaries)shallbedeemedineachcasetobeanissuanceofsuchsharesofPreferredStocknotpermittedbythis
clause(9)
(10)HedgingObligationsprovidedthatsuchHedgingObligationsarenotenteredintoforspeculativepurposes(as
determinedbyEFIHinitsreasonablediscretionactingingoodfaith)
(11)obligationsinrespectofperformance,bid,appealandsuretybondsandcompletionguaranteesprovidedby
EFIHoranyofitsRestrictedSubsidiariesintheordinarycourseofbusiness
(12)(A)IndebtednessorDisqualifiedStockofEFIHandIndebtedness,DisqualifiedStockorPreferredStockof
EFIHoranyRestrictedSubsidiaryequalto100.0%ofthenetcashproceedsreceivedbyEFIHsinceimmediatelyafter
theClosingDatefromtheissueorsaleofEquityInterestsofEFIHorcashcontributedtothecapitalofEFIH(ineach
case,otherthanExcludedContributionsorproceedsofDisqualifiedStockorsalesofEquityIntereststoEFIHoranyof
itsSubsidiaries)asdeterminedinaccordancewithclauses(3)(b)and(3)(c)ofSection4.07(a)hereoftotheextentsuch
netcashproceedsorcashhavenotbeenappliedpursuanttosuchclausestomakeRestrictedPaymentsortomakeother
Investments,paymentsorexchangespursuanttoSection4.07(b)hereofortomakePermittedInvestments(otherthan
PermittedInvestmentsspecifiedinclauses(1)and(3)ofthedefinitionthereof)and(B)IndebtednessorDisqualified
StockofEFIHandIndebtedness,DisqualifiedStockorPreferredStockofanyRestrictedSubsidiarynototherwise
permittedhereunderinanaggregateprincipalamountorliquidationpreference,whichwhenaggregatedwiththe
principalamountandliquidationpreferenceofallotherIndebtedness,DisqualifiedStockandPreferredStockthen
outstandingandincurredpursuanttothisclause(12)(B),doesnotatanyonetimeoutstandingexceed$250.0million(it
beingunderstoodthatanyIndebtedness,DisqualifiedStockorPreferredStockincurredpursuanttothisclause(12)(B)
shallceasetobedeemedincurredoroutstandingforpurposesofthisclause(12)(B)butshallbedeemedincurredforthe
purposesofSection4.09(a)hereoffromandafterthefirstdateonwhichEFIHorsuchRestrictedSubsidiarycouldhave
incurredsuchIndebtedness,DisqualifiedStockorPreferredStockunderSection4.09(a)hereofwithoutrelianceonthis
clause(12)(B))
(13)theincurrenceorissuancebyEFIHoranyRestrictedSubsidiaryofIndebtedness,DisqualifiedStockor
PreferredStockwhichservestorefundorrefinanceanyIndebtedness,DisqualifiedStockorPreferredStockofEFIHor
anyRestrictedSubsidiaryincurredaspermittedunderSection4.09(a)hereofandclauses(2),(3),(4)and(12)(A)ofthis
Section4.09(b),thisclause(13)andclause(14)ofthisSection4.09(b)oranyIndebtedness,DisqualifiedStockor
PreferredStockofEFIHoranyRestrictedSubsidiaryissuedtosorefundorrefinancesuch

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Indebtedness,DisqualifiedStockorPreferredStockofEFIHoranyRestrictedSubsidiaryincludingadditional
Indebtedness,DisqualifiedStockorPreferredStockincurredtopaypremiums(includingreasonabletenderpremiums),
defeasancecostsandfeesinconnectiontherewith(theRefinancingIndebtedness)priortoitsrespectivematurity
provided,however,thatsuchRefinancingIndebtedness:
(a)hasaWeightedAverageLifetoMaturityatthetimesuchRefinancingIndebtednessisincurredwhichis
notlessthantheremainingWeightedAverageLifetoMaturityoftheIndebtedness,DisqualifiedStockorPreferred
Stockbeingrefundedorrefinanced,
(b)totheextentsuchRefinancingIndebtednessrefinances(i)Indebtednesssubordinatedorparipassutothe
NotesoranyGuaranteethereof,suchRefinancingIndebtednessissubordinatedorparipassutotheNotesorthe
GuaranteeatleasttothesameextentastheIndebtednessbeingrefinancedorrefundedor(ii)DisqualifiedStockor
PreferredStock,suchRefinancingIndebtednessmustbeDisqualifiedStockorPreferredStock,respectively,and
(c)shallnotincludeIndebtedness,DisqualifiedStockorPreferredStockofaSubsidiaryofEFIHthatisnota
GuarantorthatrefinancesIndebtedness,DisqualifiedStockorPreferredStockofEFIHoraGuarantor
and,provided,further,thatsubclause(a)ofthisclause(13)shallnotapplytoanyrefundingorrefinancingofany
ObligationsunderCreditFacilitiessecuredbyPermittedLiensand,provided,furtherthatwithrespecttoanypollution
controlrevenuebondsorsimilarinstruments,thematurityofanyseriesthereofshallbedeemedtobethedatesetforthin
anyinstrumentgoverningsuchIndebtednessfortheremarketingofsuchIndebtedness
(14)Indebtedness,DisqualifiedStockorPreferredStockof(x)EFIHoraRestrictedSubsidiaryincurredtofinance
anacquisitionor(y)PersonsthatareacquiredbyEFIHoranyRestrictedSubsidiaryormergedintoEFIHoraRestricted
SubsidiaryinaccordancewiththetermsofthisIndentureprovidedthataftergivingeffecttosuchacquisitionormerger,
either(a)EFIHwouldbepermittedtoincuratleast$1.00ofadditionalIndebtednesspursuanttotheFixedCharge
CoverageRatiotestsetforthinSection4.09(a)hereofor(b)suchFixedChargeCoverageRatioofEFIHandits
RestrictedSubsidiariesisgreaterthanimmediatelypriortosuchacquisitionormerger
(15)Indebtednessarisingfromthehonoringbyabankorotherfinancialinstitutionofacheck,draftorsimilar
instrumentdrawnagainstinsufficientfundsintheordinarycourseofbusinessprovidedthatsuchIndebtednessis
extinguishedwithintwoBusinessDaysofitsincurrence
(16)IndebtednessofEFIHoranyofitsRestrictedSubsidiariessupportedbyaletterofcreditissuedpursuanttoany
CreditFacilities,inaprincipalamountnotinexcessofthestatedamountofsuchletterofcredit
(17)(a)anyguaranteebyEFIHoraRestrictedSubsidiaryofIndebtednessorotherobligationsofanyRestricted
Subsidiary,solongastheincurrenceofsuchIndebtednessincurredbysuchRestrictedSubsidiaryispermittedunderthe
termsofthisIndenture,or(b)anyguaranteebyaRestrictedSubsidiaryofIndebtednessofEFIHprovidedthatsuch
guaranteeisincurredinaccordancewithSection4.15hereof

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(18)IndebtednessofEFIHoranyofitsRestrictedSubsidiariesconsistingof(i)thefinancingofinsurancepremiums
or(ii)takeorpayobligationscontainedinsupplyarrangements,ineachcase,incurredintheordinarycourseof
businessand
(19)IndebtednessconsistingofIndebtednessissuedbyEFIHoranyofitsRestrictedSubsidiariestocurrentor
formerofficers,directorsandemployeesthereoforofanydirectorindirectparentcompanyofEFIH,theirrespective
estates,spousesorformerspouses,ineachcasetofinancethepurchaseorredemptionofEquityInterestsofEFIHorany
directorindirectparentcompanyofEFIHtotheextentdescribedinclause(4)ofSection4.07(b)hereof.
(c)ForpurposesofdeterminingcompliancewiththisSection4.09:
(1)intheeventthatanitemofIndebtedness,DisqualifiedStockorPreferredStock(oranyportionthereof)meets
thecriteriaofmorethanoneofthecategoriesofpermittedIndebtedness,DisqualifiedStockorPreferredStockdescribed
inclauses(1)through(19)ofSection4.09(b)hereoforisentitledtobeincurredpursuanttoSection4.09(a)hereof,EFIH,
initssolediscretion,shallclassifyorreclassifysuchitemofIndebtedness,DisqualifiedStockorPreferredStock(orany
portionthereof)andshallonlyberequiredtoincludetheamountandtypeofsuchIndebtedness,DisqualifiedStockor
PreferredStockinoneoftheaboveclausesand
(2)atthetimeofincurrence,EFIHshallbeentitledtodivideandclassifyanitemofIndebtednessinmorethanone
ofthetypesofIndebtednessdescribedinSections4.09(a)and4.09(b)hereof.
(d)Accrualofinterest,theaccretionofaccretedvalueandthepaymentofinterestintheformofadditionalIndebtedness,
DisqualifiedStockorPreferredStockshallnotbedeemedtobeanincurrenceofIndebtedness,DisqualifiedStockorPreferred
StockforpurposesofthisSection4.09.
(e)ForpurposesofdeterminingcompliancewithanyU.S.dollardenominatedrestrictionontheincurrenceof
Indebtedness,theU.S.dollarequivalentprincipalamountofIndebtednessdenominatedinaforeigncurrencyshallbe
calculatedbasedontherelevantcurrencyexchangerateineffectonthedatesuchIndebtednesswasincurred,inthecaseof
termdebt,orfirstcommitted,inthecaseofrevolvingcreditdebtprovidedthatifsuchIndebtednessisincurredtorefinance
otherIndebtednessdenominatedinaforeigncurrency,andsuchrefinancingwouldcausetheapplicableU.S.dollar
denominatedrestrictiontobeexceededifcalculatedattherelevantcurrencyexchangerateineffectonthedateofsuch
refinancing,suchU.S.dollardenominatedrestrictionshallbedeemednottohavebeenexceededsolongastheprincipal
amountofsuchrefinancingIndebtednessdoesnotexceedtheprincipalamountofsuchIndebtednessbeingrefinanced.
TheprincipalamountofanyIndebtednessincurredtorefinanceotherIndebtedness,ifincurredinadifferentcurrency
fromtheIndebtednessbeingrefinanced,shallbecalculatedbasedonthecurrencyexchangerateapplicabletothecurrencies
inwhichsuchrespectiveIndebtednessisdenominatedthatisineffectonthedateofsuchrefinancing.
(f)NotwithstandinganythinginthisSection4.09tothecontrary,EFIHshallnot,andshallnotpermitEFIHFinanceor
anyGuarantorto,directlyorindirectly,incuranyIndebtedness(includingAcquiredIndebtedness)thatissubordinatedor
juniorinrightofpaymenttoanyIndebtednessofEFIH,EFIHFinanceorsuchGuarantor,asthecasemaybe,unlesssuch
IndebtednessisexpresslysubordinatedinrightofpaymenttotheNotesorsuchGuarantorsGuaranteetotheextentandin
thesamemannerassuchIndebtednessissubordinatedtootherIndebtednessofEFIH,EFIHFinanceorsuchGuarantor,asthe
casemaybe.

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ForpurposesofthisIndenture,IndebtednessthatisunsecuredisnotdeemedtobesubordinatedorjuniortoSecured
Indebtednessmerelybecauseitisunsecured,andSeniorIndebtednessisnotdeemedtobesubordinatedorjuniortoanyother
SeniorIndebtednessmerelybecauseithasajuniorprioritywithrespecttothesamecollateral.
Section4.10AssetSales.
(a)EFIHshallnot,andshallnotpermitanyofitsRestrictedSubsidiariestoconsummate,directlyorindirectly,anAsset
Sale,unless:
(1)EFIHorsuchRestrictedSubsidiary,asthecasemaybe,receivesconsiderationatthetimeofsuchAssetSaleat
leastequaltothefairmarketvalue(asdeterminedingoodfaithbyEFIH)oftheassetssoldorotherwisedisposedofand
(2)(A)exceptinthecaseofaPermittedAssetSwap,atleast75%oftheconsiderationthereforreceivedbyEFIHor
suchRestrictedSubsidiary,asthecasemaybe,isintheformofcashorCashEquivalentsprovidedthattheamountof:
(a)exceptinthecaseofanAssetSaleofCollateral,anyliabilities(asshownonEFIHsorsuchRestricted
Subsidiarysmostrecentbalancesheetorinthefootnotesthereto)ofEFIHorsuchRestrictedSubsidiary,otherthan
liabilitiesthatarebytheirtermssubordinatedtotheNotesorthatareowedtoEFIHoranAffiliateofEFIH,thatare
assumedbythetransfereeofanysuchassetsandforwhichEFIHandallofitsRestrictedSubsidiarieshavebeen
validlyreleasedbyallapplicablecreditorsinwriting,
(b)anysecuritiesreceivedbyEFIHorsuchRestrictedSubsidiaryfromsuchtransfereethatareconvertedby
EFIHorsuchRestrictedSubsidiaryintocash(totheextentofthecashreceived)within180daysfollowingthe
closingofsuchAssetSale,and
(c)anyDesignatedNoncashConsiderationreceivedbyEFIHorsuchRestrictedSubsidiaryinsuchAssetSale
havinganaggregatefairmarketvalue,takentogetherwithallotherDesignatedNoncashConsiderationreceived
pursuanttothisclause(c)thatisatthattimeoutstanding,nottoexceed5%ofTotalAssetsatthetimeofthereceipt
ofsuchDesignatedNoncashConsideration,withthefairmarketvalueofeachitemofDesignatedNoncash
Considerationbeingmeasuredatthetimereceivedandwithoutgivingeffecttosubsequentchangesinvalue
providedthattheaggregatefairmarketvalueofDesignatedNoncashConsiderationreceivedbyEFIHafter
November16,2009inrespectofAssetSalesofCollateralshallnotexceed$400.0million,
shallbedeemedtobecashforpurposesofthisclause(a)(2)(A)andfornootherpurposeand
(B)anyconsiderationreceivedbyEFIHfromanAssetSaleofCollateralshallbeconcurrentlypledgedasCollateral
forthebenefitoftheHoldersoftheNotesandholdersoftheotherSecuredDebtObligationsprovidedthattotheextent
suchconsiderationisreceivedbyEFIHincash,itshallbeheldinanAssetSaleCashCollateralAccountpendingthe
applicationofsuchcashconsiderationpursuanttothisSection4.10.
(b)InrespectofNetProceedsreceivedbyEFIHoranyRestrictedSubsidiaryfromAssetSales(otherthananAssetSaleof
CollateralorotherOncorrelatedAssets),within450daysafterthereceiptofanyNetProceedsofanysuchAssetSale,EFIHor
suchRestrictedSubsidiary,atitsoption,mayapplytheNetProceedsfromsuchAssetSale,

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(1)torepayorprepayParityLienDebtofEFIH(otherthantheNotes)(and,inthecaseofrevolvingloansandother
similarobligations,permanentlyreducethecommitmentthereunder)onaproratabasis(includingtomakeRestricted
PaymentstoEFHCorp.topermitEFHCorp.torepayorprepayIndebtednessofEFHCorp.(otherthanIndebtedness
owedtoaSubsidiaryofEFHCorp.)thatisguaranteedbyEFIHandconstitutesParityLienDebt),butonlyuptoan
aggregateprincipalamountequaltosuchNetProceedstobeusedtorepayIndebtednesspursuanttothisclause(1)
multipliedbyafraction,thenumeratorofwhichistheaggregateoutstandingprincipalamountofsuchParityLienDebt
andthedenominatorofwhichistheaggregateprincipalamountofallParityLienDebt(includingtheNotes),basedon
amountsoutstandingonthedateofclosingofsuchAssetSaleprovidedthatEFIHshalleither(x)equallyandratably
reduceObligationsundertheNotesasprovidedbySection3.07hereoforthroughopenmarketpurchases(totheextent
suchpurchasesareatorabove100%oftheprincipalamountthereof)or(y)makeanoffer(inaccordancewiththe
proceduressetforthinthisSection4.10)toallHolderstopurchasetheirNotesat100%oftheprincipalamountthereof
plustheamountofanyaccruedandunpaidinterest(includingAdditionalInterest,ifany)
(2)topermanentlyreduce:
(A)ObligationsunderSeniorIndebtednesswhichisSecuredIndebtednesspermittedbythisIndenture,andto
correspondinglyreducecommitmentswithrespectthereto
(B)ObligationsunderotherSeniorIndebtednessandtocorrespondinglyreducecommitmentswithrespect
theretoprovidedthattheIssuershallequallyandratablyreduceObligationsundertheNotesasprovidedunder
Section3.07hereof,throughopenmarketpurchases(totheextentsuchpurchasesareatorabove100%ofthe
principalamountthereof)orotherwisebymakinganoffer(inaccordancewiththeproceduressetforthin
Section4.10(d)hereofforanAssetSaleOffer)toallHolderstopurchasetheirNotesat100%oftheprincipal
amountthereof,plustheamountofanyaccruedandunpaidinterest(includingAdditionalInterestifany)or
(C)IndebtednessofaRestrictedSubsidiarythatisnotaGuarantor,otherthanIndebtednessowedtotheIssuer
oranotherRestrictedSubsidiary(oranyAffiliatethereof)
(3)tomake(A)anInvestmentinanyoneormorebusinessesprovidedthatsuchInvestmentinanybusinessisin
theformoftheacquisitionofCapitalStockandresultsintheIssueroranotherofitsRestrictedSubsidiaries,asthecase
maybe,owninganamountoftheCapitalStockofsuchbusinesssuchthatitconstitutesaRestrictedSubsidiary,
(B)capitalexpendituresor(C)acquisitionsofotherassets,ineachof(A),(B)and(C),usedorusefulinaSimilar
Businessor
(4)tomakeanInvestmentin(A)anyoneormorebusinessesprovidedthatsuchInvestmentinanybusinessisin
theformoftheacquisitionofCapitalStockandresultsintheIssueroranotherofitsRestrictedSubsidiaries,asthecase
maybe,owninganamountoftheCapitalStockofsuchbusinesssuchthatitconstitutesaRestrictedSubsidiary,
(B)propertiesor(C)acquisitionsofotherassetsthat,ineachof(A),(B)and(C),replacethebusinesses,propertiesand/or
assetsthatarethesubjectofsuchAssetSale
providedthat,inthecaseofclauses(3)and(4)above,abindingcommitmentshallbetreatedasapermittedapplication
oftheNetProceedsfromthedateofsuchcommitmentsolongasEFIH,or

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suchotherRestrictedSubsidiaryentersintosuchcommitmentwiththegoodfaithexpectationthatsuchNetProceeds
shallbeappliedtosatisfysuchcommitmentwithin180daysofsuchcommitment(anAcceptableCommitment)(and
reinvestwithinthelaterof450daysfromthedateofreceiptofNetProceedsand180daysofreceiptofsuch
commitment),and,intheeventanyAcceptableCommitmentislatercancelledorterminatedforanyreasonbeforethe
NetProceedsareappliedinconnectiontherewith,EFIHorsuchRestrictedSubsidiaryentersintoanotherAcceptable
Commitment(aSecondCommitment)withinthelaterof(a)180daysofsuchcancellationorterminationor(b)the
initial450dayperiodprovidedfurther,thatifanySecondCommitmentislatercancelledorterminatedforanyreason
beforesuchNetProceedsareapplied,thensuchNetProceedsshallconstituteExcessProceeds.
(c)NotwithstandingSection4.10(b)hereof,totheextentthatregulatoryapprovalisnecessaryforanassetpurchaseor
investment,orreplacement,repairorrestorationonanyassetorinvestment,thenEFIHoranyRestrictedSubsidiaryshallhave
anadditional365daystoapplytheNetProceedsfromsuchAssetSaleinaccordancewithSection4.10(b)hereof.
(d)AnyNetProceedsfromAssetSales(otherthanAssetSalesofCollateralorotherOncorrelatedAssets)thatarenot
investedorappliedasprovidedandwithinthetimeperiodsetforthinSection4.10(b)hereofshallbedeemedtoconstitute
ExcessProceeds.WhentheaggregateamountofExcessProceedsexceeds$200.0million,EFIHshallmakeanoffertoall
HoldersoftheNotesand,ifrequiredorpermittedbythetermsofanySeniorIndebtedness,totheholdersofsuchSenior
Indebtedness(anAssetSaleOffer),topurchasethemaximumaggregateprincipalamountoftheNotesandsuchSenior
Indebtednessthatisaminimumof$2,000oranintegralmultipleof$1,000inexcessthereofthatmaybepurchasedoutofthe
ExcessProceedsatanofferpriceincashinanamountequalto100%oftheprincipalamountthereof,plusaccruedand
unpaidinterest(includingAdditionalInterest,ifany)tothedatefixedfortheclosingofsuchoffer,inaccordancewiththe
proceduressetforthinthisIndenture.EFIHshallcommenceanAssetSaleOfferwithrespecttoExcessProceedswithin10
BusinessDaysafterthedatethatExcessProceedsexceed$200.0millionbymailingordeliveringthenoticerequired
pursuanttothetermsofthisIndenture,withacopytotheTrustee.
(e)TotheextentthattheaggregateamountofNotesandsuchSeniorIndebtednesstenderedpursuanttoanAssetSale
OfferislessthantheExcessProceeds,EFIHmayuseanyremainingExcessProceedsforgeneralcorporatepurposes,subjectto
othercovenantscontainedinthisIndenture.IftheaggregateprincipalamountofNotesortheSeniorIndebtedness
surrenderedbysuchholdersthereofexceedstheamountofExcessProceeds,theNotesandsuchSeniorIndebtednessshallbe
purchasedonaproratabasisbasedontheaccretedvalueorprincipalamountoftheNotesorsuchSeniorIndebtedness
tendered.Additionally,EFIHmay,atitsoption,makeanAssetSaleOfferusingproceedsfromanyAssetSale(otherthan
AssetSalesofCollateralorotherOncorrelatedAssets)atanytimeafterconsummationofsuchAssetSaleprovidedthatsuch
AssetSaleOffershallbeinanaggregateamountofnotlessthan$25.0million.UponconsummationofsuchAssetSaleOffer,
anyNetProceedsnotrequiredtobeusedtopurchaseNotesshallnotbedeemedExcessProceeds.
(f)InrespectofNetProceedsreceivedbyEFIHoranyRestrictedSubsidiaryfromAssetSalesofCollateralorother
OncorrelatedAssets,within450daysafterthereceiptbyEFIHoranyRestrictedSubsidiaryofanyNetProceedsofanysuch
AssetSale,EFIHorsuchRestrictedSubsidiaryshallberequiredtodeposittheNetProceedsfromsuchAssetSaleintoan
AssetSaleCashCollateralAccounttobeheldsolelyforthepurposeofrepaymentofprincipalof,andpremium,ifany,and
interestandAdditionalInterest,ifany,on,and/ortorepay,prepay,repurchaseorredeem,theNotesandotherParityLien
Obligationsasdescribedinthefollowingclauses(1)and(2),

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(1)torepayorprepayParityLienDebtofEFIH(otherthantheNotes)(and,inthecaseofrevolvingloansandother
similarobligations,permanentlyreducethecommitmentthereunder)onaproratabasis(includingtomakeRestricted
PaymentstoEFHCorp.topermitEFHCorp.torepayorprepayIndebtednessofEFHCorp.thatisguaranteedbyEFIH
andconstitutesParityLienDebt),butonlyuptoanaggregateprincipalamountequaltosuchNetProceedstobeusedto
repayIndebtednesspursuanttothisclause(1)multipliedbyafraction,thenumeratorofwhichistheaggregate
outstandingprincipalamountofsuchParityLienDebtandthedenominatorofwhichistheaggregateoutstanding
principalamountofallParityLienDebt(includingtheNotes),ineachcasebasedonamountsoutstandingonthedateof
closingofsuchAssetSaleprovidedthatEFIHshallequallyandratablyreduceObligationsundertheNotesasprovided
inSection3.07hereof,throughopenmarketpurchases(totheextentsuchpurchasesareatorabove100%ofthe
principalamountthereof)orbymakinganoffer(inaccordancewiththeproceduressetforthinSection4.10(h)hereoffor
aCollateralAssetSaleOffer)toallHolderstopurchasetheirNotesat100%oftheprincipalamountthereofplusthe
amountofaccruedandunpaidinterest,ifanyor
(2)torepay,repurchaseorredeemtheNotesasprovidedbySection3.07hereof,throughopenmarketpurchases(to
theextentsuchpurchasesareatorabove100%oftheprincipalamountthereof)orbymakinganoffer(inaccordance
withtheproceduressetforthinthisSection4.10foraCollateralAssetSaleOffer)toallHolderstopurchasetheirNotes
at100%oftheprincipalamountthereofplustheamountofaccruedbutunpaidinterest,ifany.
(g)NotwithstandingSection4.10(f)hereof,intheeventthatregulatoryapprovalisnecessaryforanInvestmentinany
OncorSubsidiary,thentheIssueroranyRestrictedSubsidiaryshallhaveanadditional365daystoapplytheNetProceeds
fromsuchAssetSaleinaccordancewithSection4.10(f)hereof.
(h)AnyNetProceedsfromAssetSalesofCollateralorotherOncorrelatedAssetsthatarenotinvestedorappliedas
providedandwithinthetimeperiodsetforthinSection4.10(f)hereofshallbedeemedtoconstituteCollateralExcess
Proceeds.WhentheaggregateamountofCollateralExcessProceedsexceeds$200.0million,EFIHand/oranyofEFIHs
RestrictedSubsidiariesshallmakeanoffertoallHoldersoftheNotesand,ifrequiredorpermittedbythetermsofanyother
ParityLienDebt,totheholdersofsuchotherParityLienDebt(andifrequiredorpermittedbythetermsofanyIndebtedness
ofEFHCorp.thatisguaranteedbyEFIHandconstitutesParityLienDebt,EFHCorp.maymakeanoffertoallholdersofsuch
Indebtedness)(aCollateralAssetSaleOffer),topurchasethemaximumaggregateprincipalamountoftheNotesandsuch
ParityLienDebtthatisaminimumof$2,000oranintegralmultipleof$1,000inexcessthereofthatmaybepurchasedoutof
theCollateralExcessProceedsatanofferpriceincashinanamountequalto100%oftheprincipalamountthereof,plus
accruedandunpaidinterest(includingAdditionalInterest,ifany)tothedatefixedfortheclosingofsuchoffer,inaccordance
withthetermsandproceduressetforthinthisIndentureandtheotherapplicableSecuredDebtDocuments.EFIHand/orany
ofitsRestrictedSubsidiariesshallcommenceaCollateralAssetSaleOfferwithrespecttoCollateralExcessProceedswithin
10BusinessDaysafterthedatethatCollateralExcessProceedsexceed$200.0millionbymailingordeliveringthenotice
requiredpursuanttothetermsofthisIndenture,withacopytotheTrustee.
(i)TotheextentthattheaggregateamountofNotesandsuchParityLienDebttenderedpursuanttoaCollateralAsset
SaleOfferislessthantheCollateralExcessProceeds,EFIHand/oranyofitsRestrictedSubsidiariesmayuseanyremaining
CollateralExcessProceedsforgeneralcorporatepurposes,subjecttoothercovenantscontainedinthisIndentureandthe
termsofsuchParityLienDebt.IftheaggregateprincipalamountofNotesortheParityLienDebtsurrenderedbysuchholders
thereofexceedstheamountofCollateralExcessProceeds,theNotesandsuchParityLienDebtshallbe

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purchasedonaproratabasisbasedupontheaccretedvalueorprincipalamountoftheNotesorsuchParityLienDebt
tendered.Additionally,theIssuer(and,ifapplicable,EFHCorp.)may,atitsoption,makeaCollateralAssetSaleOfferusing
proceedsfromanyAssetSaleofCollateralorotherOncorrelatedAssetsatanytimeafterconsummationofsuchAssetSale
providedthatsuchCollateralAssetSaleOffershallbeinanaggregateamountofnotlessthan$25.0million.Upon
consummationofsuchCollateralAssetSaleOffer,anyNetProceedsnotrequiredtobeusedtopurchaseNotesshallnotbe
deemedCollateralExcessProceedsandtheIssuerandEFIHsRestrictedSubsidiariesmayuseanyremainingNetProceedsfor
generalcorporatepurposes,subjecttotheothercovenantscontainedinthisIndenture.
(j)PendingthefinalapplicationofanyNetProceedspursuanttothisSection4.10,theholderofsuchNetProceedsmay
applysuchNetProceedstemporarilytoreduceIndebtednessoutstandingunderarevolvingcreditfacilityorotherwiseinvest
suchNetProceedsinanymannernotprohibitedbythisIndentureprovided,however,thatanyNetProceedsthatrepresent
proceedsofCollateralorotherOncorrelatedAssetsshallbedepositedandheldinanAssetSaleCashCollateralAccount
pendingfinalapplicationthereofinaccordancewiththisSection4.10.Fortheavoidanceofdoubt,finalapplicationofNet
ProceedsthatrepresentproceedsfromthesaleofCollateralorotherOncorrelatedAssetsincludes,withoutlimitation,the
consummationofaCollateralAssetSaleOffer.
(k)TheIssuershallcomplywiththerequirementsofRule14e1undertheExchangeActandanyothersecuritieslaws
andregulationsthereundertotheextentsuchlawsorregulationsareapplicableinconnectionwiththerepurchaseofthe
NotespursuanttoanAssetSaleOfferoraCollateralAssetSaleOffer.Totheextentthattheprovisionsofanysecuritieslaws
orregulationsconflictwiththeprovisionsofthisIndenture,theIssuershallcomplywiththeapplicablesecuritieslawsand
regulationsandshallnotbedeemedtohavebreacheditsobligationsdescribedinthisIndenturebyvirtuethereof.
Section4.11TransactionswithAffiliates.
(a)EFIHshallnot,andshallnotpermitanyofitsRestrictedSubsidiariesto,makeanypaymentto,orsell,lease,transfer
orotherwisedisposeofanyofitspropertiesorassetsto,orpurchaseanypropertyorassetsfrom,orenterintoormakeor
amendanytransaction,contract,agreement,understanding,loan,advanceorguaranteewith,orforthebenefitof,any
AffiliateofEFIH(eachoftheforegoing,anAffiliateTransaction)involvingaggregatepaymentsorconsiderationinexcess
of$25.0million,unless:
(1)suchAffiliateTransactionisontermsthatarenotmateriallylessfavorabletoEFIHoritsrelevantRestricted
SubsidiarythanthosethatwouldhavebeenobtainedinacomparabletransactionbyEFIHorsuchRestrictedSubsidiary
withanunrelatedPersononanarmslengthbasisand
(2)EFIHdeliverstotheTrusteewithrespecttoanyAffiliateTransactionorseriesofrelatedAffiliateTransactions
involvingaggregatepaymentsorconsiderationinexcessof$50.0million,aresolutionadoptedbythemajorityofthe
BoardofDirectorsofEFIHapprovingsuchAffiliateTransactionandsetforthinanOfficersCertificatecertifyingthat
suchAffiliateTransactioncomplieswithclause(1)ofthisSection4.11(a).
(b)TheprovisionsofSection4.11(a)hereofshallnotapplytothefollowing:
(1)transactions(A)betweenoramongEFIHoranyofitsRestrictedSubsidiariesorbetweenoramongEFIH,anyof
itsRestrictedSubsidiariesandtheOncorSubsidiariesintheordinarycourseofbusinessor(B)betweenoramongEFIH
oranyofitsRestrictedSubsidiariesandEFHCorp.oranyofitsrestrictedSubsidiariesintheordinarycourseofbusiness

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(2)RestrictedPaymentspermittedbySection4.07hereofandthedefinitionofPermittedInvestmentsortoany
PermittedAssetTransfermadeinaccordancewithSection5.01hereoftotheextentagreementswithrespecttowhich
containreasonableandcustomaryprovisions(asdeterminedbyEFIHingoodfaith)
(3)thepaymentofmanagement,consulting,monitoringandadvisoryfeesandrelatedexpensestotheInvestors
pursuanttotheSponsorManagementAgreement(plusanyunpaidmanagement,consulting,monitoringandadvisory
feesandrelatedexpensesaccruedinanyprioryear)andtheterminationfeespursuanttotheSponsorManagement
Agreement,ineachcaseasineffectontheIssueDateandonlytotheextentnototherwisepaidforwithfunds(excluding
anyfundsadvancedonbehalfofEFIH)providedbyEFHCorp.oritsotherSubsidiaries,oranyamendmentthereto(so
longasanysuchamendmentisnotdisadvantageousinthegoodfaithjudgmentoftheBoardofDirectorsofEFIHtothe
HolderswhentakenasawholeascomparedtotheSponsorManagementAgreementineffectontheIssueDate)
(4)thepaymentofreasonableandcustomaryfeespaidto,andindemnitiesprovidedforthebenefitof,officers,
directors,employeesorconsultantsofEFIH,anyofitsdirectorindirectparentcompaniesoranyofitsRestricted
Subsidiaries
(5)transactionsinwhichEFIHoranyofitsRestrictedSubsidiaries,asthecasemaybe,deliverstotheTrusteea
letterfromanIndependentFinancialAdvisorstatingthatsuchtransactionisfairtoEFIHorsuchRestrictedSubsidiary
fromafinancialpointofvieworstatingthatthetermsarenotmateriallylessfavorabletoEFIHoritsrelevantRestricted
SubsidiarythanthosethatwouldhavebeenobtainedinacomparabletransactionbyEFIHorsuchRestrictedSubsidiary
withanunrelatedPersononanarmslengthbasis
(6)anyagreementasineffectasoftheIssueDate,oranyamendmentthereto(solongasanysuchamendmentisnot
disadvantageoustotheHolderswhentakenasawholeascomparedtotheapplicableagreementasineffectontheIssue
Date)
(7)theexistenceof,ortheperformancebyEFIHoranyofitsRestrictedSubsidiariesofitsobligationsunderthe
termsof,anystockholdersagreement(includinganyregistrationrightsagreementorpurchaseagreementrelatedthereto)
towhichitisapartyasoftheIssueDateandanysimilaragreementswhichitmayenterintothereafterprovided,
however,thattheexistenceof,ortheperformancebyEFIHoranyofitsRestrictedSubsidiariesofobligationsunderany
futureamendmenttoanysuchexistingagreementorunderanysimilaragreemententeredintoaftertheIssueDateshall
onlybepermittedbythisclause(7)totheextentthatthetermsofanysuchamendmentornewagreementarenot
otherwisedisadvantageoustotheHolderswhentakenasawhole
(8)theTransactions(includingpaymentsmadeaftertheClosingDateinrespectofEFIHsanditsSubsidiariesor
parentcompanieslongtermincentiveplanorinrespectoftaxgrossupsandotherdeferredcompensation)andthe
paymentofallfeesandexpensesrelatedtotheTransactions
(9)transactionswithcustomers,clients,suppliers,orpurchasersorsellersofgoodsorservices,ineachcaseinthe
ordinarycourseofbusinessandotherwiseincompliancewiththetermsofthisIndenturewhicharefairtoEFIHandits
RestrictedSubsidiaries,inthereasonabledeterminationoftheBoardofDirectorsofEFIHortheseniormanagement
thereof,orareontermsatleastasfavorableasmightreasonablyhavebeenobtainedatsuchtimefromanunaffiliated
party

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(10)theissuanceofEquityInterests(otherthanDisqualifiedStock)ofEFIHtoanyPermittedHolderortoany
director,officer,employeeorconsultantofEFIHoranyofitsdirectorindirectparentcompanies
(11)salesofaccountsreceivable,orparticipationstherein,inconnectionwithanyReceivablesFacilityforthe
benefitofEFIHoranyofitsRestrictedSubsidiaries
(12)paymentsbyEFIHoranyofitsRestrictedSubsidiariestoanyoftheInvestorsmadeforanyfinancialadvisory,
financing,underwritingorplacementservicesorinrespectofotherinvestmentbankingactivities,including,without
limitation,inconnectionwithacquisitionsordivestitures,whichpaymentsareapprovedbyamajorityoftheBoardof
DirectorsofEFIHingoodfaith
(13)paymentsorloans(orcancellationofloans)toemployeesorconsultantsofEFIH,anyofitsdirectorindirect
parentcompaniesoranyofitsRestrictedSubsidiariesandemploymentagreements,stockoptionplansandothersimilar
arrangementswithsuchemployeesorconsultantswhich,ineachcase,areapprovedbyEFIHingoodfaith
(14)investmentsbytheInvestorsinsecuritiesofEFIHoranyofitsRestrictedSubsidiariessolongas(i)the
investmentisbeingofferedgenerallytootherinvestorsonthesameormorefavorabletermsand(ii)theinvestment
constituteslessthan5%oftheproposedoroutstandingissueamountofsuchclassofsecuritiesand
(15)paymentsbyEFIH(andanydirectorindirectparentthereof)anditsSubsidiariespursuanttotaxsharing
agreementsamongEFIH(andanysuchparent)anditsSubsidiariesoncustomarytermstotheextentattributabletothe
ownershiporoperationofEFIHanditsSubsidiariesprovidedthatineachcasetheamountofsuchpaymentsinany
fiscalyeardoesnotexceedtheamountthatEFIH,itsRestrictedSubsidiariesanditsUnrestrictedSubsidiaries(tothe
extentofamountsreceivedfromUnrestrictedSubsidiaries)wouldberequiredtopayinrespectofforeign,federal,state
andlocaltaxesforsuchfiscalyearwereEFIHanditsSubsidiaries(totheextentdescribedabove)topaysuchtaxes
separatelyfromanysuchparententity.
Section4.12LimitationonLiens.
(a)EFIHshallnot,andshallnotpermitEFIHFinanceoranyGuarantorthatisaRestrictedSubsidiaryto,directlyor
indirectly,create,incur,assumeorsuffertoexistanyLien(exceptPermittedLiens)thatsecuresobligationsunderany
Indebtednessoranyrelatedguarantee,onanyassetorpropertyoftheIssueroranyGuarantorthatisaRestrictedSubsidiary,
oranyincomeorprofitstherefrom,orassignorconveyanyrighttoreceiveincometherefrom,unless:
(1)inthecaseofLienssecuringSubordinatedIndebtedness,theNotesandanyrelatedGuaranteesaresecuredbya
Lienonsuchproperty,assetsorproceedsthatisseniorinprioritytosuchLiensor
(2)inallothercases,theNotesoranyGuaranteesareequallyandratablysecuredoraresecuredbyaLienonsuch
property,assetsorproceedsthatisseniorinprioritytosuchLiens

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exceptthattheforegoingshallnotapplyto(a)LienssecuringIndebtednesspermittedtobeincurredpursuantto
clause(2)orclause(3)(ii)and(iii)ofSection4.09(b)hereofprovidedthattheNotesoranyrelatedGuaranteeare
securedonatleastanequalandratablebasisassuchIndebtedness,(b)LienssecuringIndebtednesspermittedtobe
incurredunderCreditFacilities,includinganyletterofcreditrelatingthereto,thatwaspermittedbythetermsofthis
Indenturetobeincurredpursuanttoclause(1)ofSection4.09(b)hereofand(c)LiensincurredtosecureObligationsin
respectofanyIndebtednesspermittedtobeincurredpursuanttoSection4.09hereofprovidedthat,withrespectto
LienssecuringObligationspermittedunderthisclause(c),atthetimeofincurrenceandaftergivingproformaeffect
thereto,theConsolidatedSecuredDebtRatioforthemostrecentlyendedfourfullfiscalquartersforwhichinternal
financialstatementsareavailableimmediatelyprecedingthedateonwhichsucheventforwhichsuchcalculationis
beingmadeshalloccurwouldbenogreaterthan5.0to1.0.AnyLienwhichisgrantedtosecuretheNotesunderthis
Section4.12shallbedischargedatthesametimeasthedischargeoftheLien(otherthanthroughtheexerciseof
remedieswithrespectthereto)thatgaverisetotheobligationtososecuretheNotes.
(b)NotwithstandingSection4.12(a)hereof,EFIHshallnot,directlyorindirectly,create,incur,assumeorsuffertoexist
anyLienontheCollateral(otherthanaPermittedLiendescribedunderclause(3)ofthedefinitionofPermittedLiens),or
anyincomeorprofitstherefrom,orassignorconveyanyrighttoreceiveincometherefromexcept:
(1)LiensontheCollateralsecuringupto$4.0billioninaggregateprincipalamountofParityLienDebt(including
theNotes,anyAdditionalNotes,theEFIH9.75%Notes,theEFIH10.000%Notes,theEFHCorp.9.75%Notes,theEFH
Corp.10.000%Notes,anyadditionalnotesinrespectofanyoftheforegoingandanyguaranteesofanyoftheforegoing
and/orotherIndebtednesspermittedtobeincurredpursuanttoSection4.09hereof)providedthatsuchamountshallbe
reducedbyanamountequaltotheamountofParityLienDebtrepaidusingtheNetProceedsfromAssetSalesof
CollateralorotherOncorrelatedAssetsinaccordancewithSection4.10hereofand
(2)JuniorLiensontheCollateralsecuringJuniorLienDebtpermittedtobeincurredpursuanttoSection4.09
hereof.
Section4.13CorporateExistence.
SubjecttoArticle5hereof,theIssuershalldoorcausetobedoneallthingsnecessarytopreserveandkeepinfullforce
andeffect(i)itscorporateexistence,andthecorporate,partnershiporotherexistenceofeachofitsRestrictedSubsidiaries,in
accordancewiththerespectiveorganizationaldocuments(asthesamemaybeamendedfromtimetotime)oftheIssuerorany
suchRestrictedSubsidiaryand(ii)therights(charterandstatutory),licensesandfranchisesoftheIssueranditsRestricted
SubsidiariesprovidedthattheIssuershallnotberequiredtopreserveanysuchright,licenseorfranchise,orthecorporate,
partnershiporotherexistenceofanyofitsRestrictedSubsidiaries,iftheIssueringoodfaithshalldeterminethatthe
preservationthereofisnolongerdesirableintheconductofthebusinessoftheIssueranditsRestrictedSubsidiaries,takenas
awhole.
Section4.14OffertoRepurchaseuponChangeofControl.
(a)IfaChangeofControloccurs,unlesstheIssuerhaspreviouslyorconcurrentlymailedordeliveredaredemption
noticewithrespecttoalltheoutstandingNotesasdescribedunderSection3.07hereofandshallredeemalloftheoutstanding
Notespursuantthereto,theIssuershallmakeanoffertopurchasealloftheNotespursuanttotheofferdescribedbelow(the
ChangeofControlOffer)ataprice

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incash(theChangeofControlPayment)equalto101%oftheaggregateprincipalamountthereofplusaccruedandunpaid
interest(includingAdditionalInterest,ifany)tothedateofpurchase,subjecttotherightofHoldersoftheNotesofrecordon
therelevantRecordDatetoreceiveinterestdueontherelevantInterestPaymentDate.Within30daysfollowinganyChange
ofControl,theIssuershallsendnoticeofsuchChangeofControlOfferbyfirstclassmail,withacopytotheTrustee,toeach
HolderofNotestotheaddressofsuchHolderappearinginthesecurityregisterwithacopytotheTrusteeorotherwise
deliveredinaccordancewiththeproceduresofDTC,withthefollowinginformation:
(1)thataChangeofControlOfferisbeingmadepursuanttothisSection4.14andthatallNotesproperlytendered
pursuanttosuchChangeofControlOffershallbeacceptedforpaymentbytheIssuer
(2)thepurchasepriceandthepurchasedate,whichshallbenoearlierthan30daysnorlaterthan60daysfromthe
datesuchnoticeismailedordelivered(theChangeofControlPaymentDate)
(3)thatanyNotenotproperlytenderedshallremainoutstandingandcontinuetoaccrueinterest
(4)thatunlesstheIssuerdefaultsinthepaymentoftheChangeofControlPayment,allNotesacceptedforpayment
pursuanttotheChangeofControlOffershallceasetoaccrueinterestontheChangeofControlPaymentDate
(5)thatHolderselectingtohaveanyNotespurchasedpursuanttoaChangeofControlOffershallberequiredto
surrendersuchNotes,withtheformentitledOptionofHoldertoElectPurchaseonthereverseofsuchNotes
completed,tothePayingAgentspecifiedinthenoticeattheaddressspecifiedinthenoticepriortothecloseofbusiness
onthethirdBusinessDayprecedingtheChangeofControlPaymentDate
(6)thatHoldersshallbeentitledtowithdrawtheirtenderedNotesandtheirelectiontorequiretheIssuerto
purchasesuchNotesprovidedthatthePayingAgentreceives,notlaterthanthecloseofbusinessontheexpirationdate
oftheChangeofControlOffer,atelegram,facsimiletransmissionorlettersettingforththenameoftheHolderofthe
Notes,theprincipalamountofNotestenderedforpurchase,andastatementthatsuchHolderiswithdrawingitstendered
NotesanditselectiontohavesuchNotespurchased
(7)thattheHolderswhoseNotesarebeingrepurchasedonlyinpartshallbeissuednewNotesandsuchnewNotes
shallbeequalinprincipalamounttotheunpurchasedportionoftheNotessurrendered.Theunpurchasedportionofthe
Notesmustbeequalto$2,000oranintegralmultipleof$1,000inexcessthereofand
(8)theotherinstructions,asdeterminedbytheIssuer,consistentwiththisSection4.14,thataHoldermustfollow.
Thenotice,ifmailedinamannerhereinprovided,shallbeconclusivelypresumedtohavebeengiven,whetherornot
theHolderreceivessuchnotice.If(a)noticeismailedinamannerhereinprovidedand(b)anyHolderfailstoreceivesuch
noticeoraHolderreceivessuchnoticebutitisdefective,suchHoldersfailuretoreceivesuchnoticeorsuchdefectshallnot
affectthevalidityoftheproceedingsforthepurchaseoftheNotesastoallotherHoldersthatproperlyreceivedsuchnotice
withoutdefect.TheIssuershallcomplywiththerequirementsofRule14e1undertheExchangeActandanyothersecurities
lawsandregulationsthereundertotheextentsuchlawsorregulationsareapplicableinconnectionwith

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therepurchaseofNotespursuanttoaChangeofControlOffer.Totheextentthattheprovisionsofanysecuritieslawsor
regulationsconflictwiththeprovisionsofthisSection4.14,theIssuershallcomplywiththeapplicablesecuritieslawsand
regulationsandshallnotbedeemedtohavebreacheditsobligationsunderthisSection4.14byvirtuethereof.
AnyproceedsreceivedbytheIssuerorEFIHsRestrictedSubsidiariesfromasale,conveyanceordispositionof
CollateralorotherOncorrelatedAssetsthatconstitutesaChangeofControlshallbesubjecttoaperfectedsecurityinterest
forthebenefitoftheholdersoftheSecuredDebtObligationsuntilconsummationoftheChangeofControlOfferpursuantto
thisSection4.14.
(b)OntheChangeofControlPaymentDate,theIssuershall,totheextentpermittedbylaw,
(1)acceptforpaymentallNotesissuedbyitorportionsthereofproperlytenderedpursuanttotheChangeof
ControlOffer
(2)depositwiththePayingAgentanamountequaltotheaggregateChangeofControlPaymentinrespectofall
Notesorportionsthereofsotenderedand
(3)deliver,orcausetobedelivered,totheTrusteeforcancellationtheNotessoacceptedtogetherwithanOfficers
CertificatetotheTrusteestatingthatsuchNotesorportionsthereofhavebeentenderedtoandpurchasedbytheIssuer.
(c)ThePayingAgentshallpromptlymailtoeachHoldertheChangeofControlPaymentforsuchNotes,andtheTrustee
shallpromptlyauthenticateandmail(orcausetobetransferredbybookentry)toeachHolderanewNoteequalinprincipal
amounttoanyunpurchasedportionoftheNotessurrendered,ifanyprovidedthateachsuchnewNoteshallbeinaprincipal
amountof$2,000oranintegralmultipleof$1,000inexcessthereof.
(d)TheIssuershallnotberequiredtomakeaChangeofControlOfferfollowingaChangeofControlifathirdparty
makestheChangeofControlOfferinthemanner,atthetimesandotherwiseincompliancewiththerequirementssetforthin
thisSection4.14applicabletoaChangeofControlOffermadebytheIssuerandpurchasesallNotesvalidlytenderedandnot
withdrawnundersuchChangeofControlOffer.Notwithstandinganythingtothecontraryherein,aChangeofControlOffer
maybemadeinadvanceofaChangeofControl,conditionaluponsuchChangeofControl,ifadefinitiveagreementisin
placefortheChangeofControlatthetimeofmakingoftheChangeofControlOffer.
(e)OtherthanasspecificallyprovidedinthisSection4.14,anypurchasepursuanttothisSection4.14shallbemade
pursuanttotheprovisionsofSections3.02,3.05and3.06hereof.
Section4.15LimitationonGuaranteesofIndebtednessbyRestrictedSubsidiaries
(a)EFIHshallnotpermitanyofitsWhollyOwnedSubsidiariesthatareRestrictedSubsidiaries(andnonWhollyOwned
SubsidiariesifsuchnonWhollyOwnedSubsidiariesguaranteeothercapitalmarketsdebtsecuritiesofEFIH,EFIHFinanceor
anyGuarantor),otherthanEFIHFinance,aGuarantor,aForeignSubsidiaryoraReceivablesSubsidiary,toguaranteethe
paymentofanyIndebtednessofEFIH,EFIHFinanceoranyGuarantor,unless:
(i)suchRestrictedSubsidiarywithin30daysexecutesanddeliversasupplementalindenturetothisIndenture,the
formofwhichisattachedasExhibitDhereto,providingforaGuaranteebysuchRestrictedSubsidiary,exceptthatwith
respecttoaguaranteeofIndebtednessoftheIssuer:
(A)iftheNotesorsuchGuarantorsGuaranteeissubordinatedinrightofpaymenttosuchIndebtedness,the
GuaranteeunderthesupplementalindentureshallbesubordinatedtosuchRestrictedSubsidiarysguaranteewith
respecttosuchIndebtednesssubstantiallytothesameextentastheNotesaresubordinatedtosuchIndebtedness
and

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(B)ifsuchIndebtednessisbyitsexpresstermssubordinatedinrightofpaymenttotheNotes,anysuch
guaranteebysuchRestrictedSubsidiarywithrespecttosuchIndebtednessshallbesubordinatedinrightof
paymenttosuchGuaranteesubstantiallytothesameextentassuchIndebtednessissubordinatedtotheNotesand
(ii)suchRestrictedSubsidiarywaives,andshallnotinanymannerwhatsoeverclaimortakethebenefitor
advantageof,anyrightsofreimbursement,indemnityorsubrogationoranyotherrightsagainstEFIHoranyother
RestrictedSubsidiaryasaresultofanypaymentbysuchRestrictedSubsidiaryunderitsGuarantee
providedthatthisSection4.15shallnotbeapplicabletoanyguaranteeofanyRestrictedSubsidiarythatexistedatthetime
suchPersonbecameaRestrictedSubsidiaryandwasnotincurredinconnectionwith,orincontemplationof,suchPerson
becomingaRestrictedSubsidiary.
Section4.16LimitationsonBusinessActivitiesofEFIHFinance
EFIHFinancemaynotholdassets,becomeliableforanyobligationsorengageinanybusinessactivitiesprovidedthat
itmaybeacoobligorwithrespecttotheNotesandAdditionalNotes,anyExchangeNotesoranyotherIndebtednessissued
byEFIHandmayengageinanyactivitiesdirectlyrelatedtheretoornecessaryinconnectiontherewith.EFIHFinanceshallbe
aWhollyOwnedSubsidiaryofEFIHatalltimes.
Section4.17[Reserved]
Section4.18RestrictionsonCertainInvestmentsinOncorSubsidiariesandtheCollateral
(a)EFIHshallnotpermitanyRestrictedSubsidiarytoholdanyEquityInterestsin,orIndebtednessof,orother
Investmentsin,anyoftheOncorSubsidiariesoranySuccessorOncorBusinessoranyotherCollateral.
(b)EFIHshallnotpermitanyUnrestrictedSubsidiarytoholdanyEquityInterestsin,orIndebtednessof,orother
Investmentsin,EFIH,andshallnotpermitanyUnrestrictedSubsidiarytoholdanyEquityInterestsin,orIndebtednessof,or
otherInvestmentsin,anyoftheOncorSubsidiariesoranySuccessorOncorBusinessprovidedthatanOncorSubsidiarymay
holdEquityInterestsin,orIndebtednessof,orotherInvestmentsin,anotherOncorSubsidiaryandaSuccessorOncor
BusinessmayholdEquityInterestsin,Indebtednessof,orotherInvestmentsin,anotherSuccessorOncorBusiness.
(c)EFIHshallnotpermitanyofitsUnrestrictedSubsidiariestoacceptanyInvestmentfromanyOncorSubsidiaryorany
SuccessorOncorBusinessprovidedthatanOncorSubsidiarymayacceptanInvestmentfromanotherOncorSubsidiaryanda
SuccessorOncorBusinessmayacceptanInvestmentfromanotherSuccessorOncorBusiness.
(d)EFIHshallnotsell,assign,transfer,conveyorotherwisedisposeofanyCollateral,includinganyconsideration(other
thancashandCashEquivalents)receivedbyEFIHinanAssetSale,includinginrespectofaPermittedAssetSwapof
Collateral,exceptinconnectionwithasaleofallorsubstantiallyalloftheassetsofEFIHinamannerpermittedby
Section5.01hereoforpursuanttoanAssetSalethatcomplieswithSection4.10hereofpertainingtoanAssetSaleof
Collateral.

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Section4.19AfterAcquiredProperty
PromptlyfollowingtheacquisitionbyEFIHofanyEquityInterestsinanyOncorSubsidiaryoranyIndebtednessof,or
otherInvestmentsin,anyOncorSubsidiaryoranypropertyorassetsrequiredtobepledgedasCollateralpursuantto
Section4.10hereoforanyEquityInterestsinoranyIndebtednessof,orotherInvestmentsin,anySuccessorOncorBusiness,
EFIHshallexecuteanddeliversuchsecurityinstruments,pledges,financingstatementsandcertificatesandopinionsof
counselasshallbereasonablynecessarytovestintheCollateralTrusteeaperfectedfirstprioritysecurityinterestinsuch
EquityInterests,IndebtednessorotherInvestmentsorpropertyorassetsandtohavesuchEquityInterests,Indebtednessor
otherInvestmentsorpropertyorassetsaddedtotheCollateralandthereuponallprovisionsofthisIndenturerelatingtothe
CollateralshallbedeemedtorelatetosuchEquityInterests,IndebtednessorotherInvestmentsorpropertyorassetstothe
sameextentandwiththesameforceandeffect.
Section4.20ImpairmentofSecurityInterest
(a)EFIHshallnotgranttoanyPerson,orpermitanyPersontoretain(otherthantheCollateralTrustee),anyinterest
whatsoeverintheCollateral,otherthanpursuanttoclause(3)ofthedefinitionofPermittedLiens.
(b)EFIHanditsRestrictedSubsidiariesshallnotenterintoanyagreementthatrequirestheproceedsreceivedfromany
saleofCollateraltobeappliedtorepay,redeem,defeaseorotherwiseacquireorretireanyIndebtednessofanyPerson,other
thanaspermittedbythisIndenture,theNotesortheSecurityDocuments.
(c)EFIHshall,atitssolecostandexpense,executeanddeliverallsuchagreementsandinstrumentsasnecessary,oras
theTrusteeshallreasonablyrequest,tomorefullyoraccuratelydescribetheassetsandpropertyintendedtobeCollateralor
theobligationsintendedtobesecuredbythePledgeAgreementoranyotherSecurityDocument.
Section4.21FurtherAssurances
(a)EFIH,atitsownexpense,shalldoorcausetobedoneallactsandthingsthatmayberequired,orthattheCollateral
Trusteefromtimetotimemayreasonablyrequest,toassureandconfirmthattheCollateralTrusteeholds,forthebenefitof
theSecuredDebtRepresentativesandholdersofSecuredDebtObligations,dulycreatedandenforceableandperfectedLiens
upontheCollateral(includinganypropertyorassetsthatareacquiredorotherwisebecomeCollateralaftertheNotesare
issued),ineachcase,ascontemplatedby,andwiththeLienpriorityrequiredunder,theSecuredDebtDocuments.
(b)UponthereasonablerequestoftheCollateralTrusteeoranySecuredDebtRepresentativeatanytimeandfromtime
totime,EFIH,atitsownexpense,shallpromptlyexecute,acknowledgeanddeliversuchsecuritydocuments,instruments,
certificates,noticesandotherdocuments,andtakesuchotheractionsasmaybereasonablyrequired,orthattheCollateral
Trusteemayreasonablyrequest,tocreate,perfect,protect,assureorenforcetheLiensandbenefitsintendedtobeconferred,in
eachcaseascontemplatedbytheSecuredDebtDocumentsforthebenefitoftheholdersofSecuredDebtObligations.

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ARTICLE5
SUCCESSORS
Section5.01Merger,Consolidation,orSaleofAllorSubstantiallyAllAssets.
(a)EFIHshallnotconsolidateormergewithorintoorwindupinto(whetherornotEFIHisthesurvivingcorporation),
orsell,assign,transfer,lease,conveyorotherwisedisposeofallorsubstantiallyallofitspropertiesorassets,inoneormore
relatedtransactions,toanyPersonunless:
(1)EFIHisthesurvivingcorporationorthePersonformedbyorsurvivinganysuchconsolidation,windupor
merger(ifotherthanEFIH)ortowhichsuchsale,assignment,transfer,lease,conveyanceorotherdispositionshallhave
beenmadeisacorporation,partnership,limitedliabilitycompanyortrustorganizedorexistingunderthelawsofthe
jurisdictionoforganizationofEFIHorthelawsoftheUnitedStates,anystatethereof,theDistrictofColumbia,orany
territorythereof(suchPerson,asthecasemaybe,beinghereincalledtheSuccessorCompany)
(2)theSuccessorCompany,ifotherthanEFIH,and,totheextenttheSuccessorCompanyisnotacorporation,a
SubsidiaryofsuchSuccessorCompanythatisacoobligorandacorporationorganizedorexistingunderthelawsofthe
UnitedStates,anystateoftheUnitedStates,theDistrictofColumbiaoranyterritorythereof,expresslyassumesallthe
obligationsofEFIHunder(i)theNotes,thisIndentureandtheSecurityDocuments,totheextentEFIHisapartythereto,
pursuanttoasupplementalindentureorotherdocumentorinstrumentinformreasonablysatisfactorytotheTrustee
providedthatinthecaseofamergerofEFIHwithandintoEFHCorp.,suchsupplementalindentureshallamendthe
definitions,covenants,eventsofdefaultandothertermsofthisIndenturesuchthattheamendedtermsshallbe
substantiallysimilartothoseoftheEFHCorp.9.75%NotesIndentureand(ii)theRegistrationRightsAgreement
(3)immediatelyaftersuchtransaction,noDefaultexists
(4)immediatelyaftergivingproformaeffecttosuchtransactionandanyrelatedfinancingtransactions(including,
withoutlimitation,anytransactiontheproceedsofwhichareappliedtoreducetheIndebtednessoftheSuccessor
CompanyorEFIH,asthecasemaybe),asifsuchtransactionshadoccurredatthebeginningoftheapplicablefour
quarterperiod,
(A)theSuccessorCompanywouldbepermittedtoincuratleast$1.00ofadditionalIndebtednesspursuantto
theFixedChargeCoverageRatiotestsetforthinSection4.09(a)hereof,or
(B)suchFixedChargeCoverageRatiofortheSuccessorCompanyanditsRestrictedSubsidiarieswouldbe
greaterthansuchratioforEFIHanditsRestrictedSubsidiariesimmediatelypriortosuchtransaction
(5)inconnectionwithaPermittedAssetTransferotherthanamergerofEFIHwithandintoEFHCorp.,therating
ontheNotesshallnothavebeendowngradedbytwoormoreoftheRatingAgencies(or,iftheNotesareratedbyonly
oneRatingAgencyatthetimeofthefirstnoticeofsuchPermittedAssetTransfer,suchRatingAgency)duringthe
periodcommencing30dayspriortothefirstpublicnoticeoftheoccurrenceofaPermittedAssetTransferorthe
intentionoftheIssueroranySubsidiarythereoftoeffectaPermittedAssetTransferandendingonthedate60daysafter
suchnoticerelativetotheratingatthestartofsuchperiod

101
(6)eachGuarantor,unlessitistheotherpartytothetransactionsdescribedabove,inwhichcaseclause(1)(B)of
Section5.01(c)hereofshallapply,shallhavebyasupplementalindentureconfirmedthatitsGuaranteeandanySecurity
DocumentstowhichitisapartyshallapplytosuchPersonsobligationsunderthisIndenture,theNotesandthe
RegistrationRightsAgreementand
(7)EFIHshallhavedeliveredtotheTrusteeanOfficersCertificateandanOpinionofCounsel,eachstatingthat
suchconsolidation,windup,mergerortransferandsuchsupplementalindenture,ifany,complywiththisIndentureand,
ifasupplementalindentureisrequiredinconnectionwithsuchtransaction,suchsupplementalindentureshallcomply
withtheapplicableprovisionsofthisIndenture
provided,thatforthepurposesofthisSection5.01only,atransactionmeetingtherequirementsoftheprovisotoclause(1)
underthedefinitionofChangeofControlshallnotbedeemedtobeasale,assignment,transfer,conveyanceorother
dispositionofallorsubstantiallyallofthepropertiesorassetsofEFIHanditsSubsidiaries.Fortheavoidanceofdoubt,EFIH
mayconsummateatransactionmeetingtherequirementsoftheprovisotoclause(1)underthedefinitionofChangeof
ControlwithoutcomplyingwiththisSection5.01,andthedeterminationintheprecedingprovisoshallnotaffectthe
determinationofwhatconstitutesallorsubstantiallyalltheassetsofEFIHanditsSubsidiariesunderanyotheragreementto
whichEFIHisaparty.
(b)Notwithstandingclauses(3)and(4)ofSection5.01(a)hereof,
(1)anyRestrictedSubsidiarymayconsolidatewithormergeintoortransferallorpartofitspropertiesandassetsto
EFIH,and
(2)EFIHmaymergewithanAffiliateofEFIHsolelyforthepurposeofreincorporatingEFIHinaStateoftheUnited
States,theDistrictofColumbiaoranyterritorythereofsolongastheamountofIndebtednessofEFIHanditsRestricted
Subsidiariesisnotincreasedthereby.
(c)SubjecttoSection11.06hereof,noGuarantorshall,andEFIHshallnotpermitanyGuarantorto,consolidateormerge
withorintoorwindupinto(whetherornotEFIHortheGuarantoristhesurvivingcorporation),orsell,assign,transfer,lease,
conveyorotherwisedisposeofallorsubstantiallyallofitspropertiesorassets,inoneormorerelatedtransactions,toany
Personunless:
(1)(A)suchGuarantoristhesurvivingcorporationorthePersonformedbyorsurvivinganysuchconsolidation,
windupormerger(ifotherthansuchGuarantor)ortowhichsuchsale,assignment,transfer,lease,conveyanceorother
dispositionshallhavebeenmadeisacorporation,partnership,limitedpartnership,limitedliabilitycorporationortrust
organizedorexistingunderthelawsofthejurisdictionoforganizationofsuchGuarantor,asthecasemaybe,orthelaws
oftheUnitedStates,anystatethereof,theDistrictofColumbia,oranyterritorythereof(suchGuarantororsuchPerson,
asthecasemaybe,beinghereincalledtheSuccessorPerson)
(B)theSuccessorPerson,ifotherthansuchGuarantor,expresslyassumesalltheobligationsofsuchGuarantor
underthisIndentureandsuchGuarantorsrelatedGuaranteeandanySecurityDocumentstowhichsuchGuarantor
isapartypursuanttosupplementalindenturesorotherdocumentsorinstrumentsinformreasonablysatisfactoryto
theTrustee

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(C)immediatelyaftersuchtransaction,noDefaultexistsand
(D)EFIHshallhavedeliveredtotheTrusteeanOfficersCertificateandanOpinionofCounsel,eachstating
thatsuchconsolidation,windup,mergerortransferandsuchsupplementalindentures,ifany,complywiththis
Indentureor
(2)thetransactionismadeincompliancewithSection4.10hereof.
(d)NotwithstandingSection5.01(c)hereof,anyGuarantormay(i)mergeintoortransferallorpartofitspropertiesand
assetstoanotherGuarantororEFIH,(ii)mergewithanAffiliateofEFIHsolelyforthepurposeofreincorporatingthe
GuarantorintheUnitedStates,anystatethereof,theDistrictofColumbiaoranyterritorythereofor(iii)convertintoa
corporation,partnership,limitedpartnership,limitedliabilitycorporationortrustorganizedorexistingunderthelawsofthe
jurisdictionoforganizationofsuchGuarantor.
(e)EFIHFinancemaynotconsolidateormergewithorintoorwindupinto(whetherornotEFIHFinanceisthe
survivingcorporation),orsell,assign,transfer,lease,conveyorotherwisedisposeofallorsubstantiallyallofEFIHFinances
propertiesorassets,inoneormorerelatedtransactions,toanyPersonunless:
(1)(A)concurrentlytherewith,acorporateWhollyOwnedSubsidiaryofEFIHthatisaRestrictedSubsidiary
organizedorexistingunderthelawsoftheUnitedStates,anystatethereof,theDistrictofColumbia,oranyterritory
thereofexpresslyassumesalltheobligationsofEFIHFinanceundertheNotesandthisIndenturepursuanttoa
supplementalindentureorotherdocumentsorinstrumentsinformreasonablysatisfactorytotheTrusteeor
(B)aftergivingeffectthereto,atleastoneobligorontheNotesshallbeacorporationorganizedorexistingunder
thelawsoftheUnitedStates,anystatethereof,theDistrictofColumbia,oranyterritorythereofand
(2)immediatelyaftersuchtransaction,noDefaultexistsand
(3)EFIHFinanceshallhavedeliveredtotheTrusteeanOfficersCertificateandanOpinionofCounsel,each
statingthatsuchconsolidation,windup,mergerortransferandsuchsupplementalindenture,ifany,complywiththis
Indentureand,ifasupplementalindentureisrequiredinconnectionwithsuchtransaction,suchsupplementshall
complywiththeapplicableprovisionsofthisIndenture.
Section5.02SuccessorCorporationSubstituted.
Uponanyconsolidation,windupormerger,oranysale,assignment,transfer,lease,conveyanceorotherdispositionof
allorsubstantiallyalloftheassetsofEFIHoranyGuarantorinaccordancewithSection5.01hereof(otherthana
consolidation,windupormergerorasaleorotherdispositionofallorsubstantiallyalloftheassetsofaGuarantormadein
compliancewithSection4.10hereof),thesuccessorcorporationformedbysuchconsolidationorintoorwithwhichEFIHor
suchGuarantor,asthecasemaybe,ismergedorwounduportowhichsuchsale,assignment,transfer,lease,conveyanceor
otherdispositionismadeshallsucceedto,andbesubstitutedfor(sothatfromandafterthedateofsuchconsolidation,wind
up,merger,sale,lease,conveyanceorotherdisposition,theprovisionsofthisIndenturereferringtoEFIHorsuchGuarantor,
asthecasemaybe,shallreferinsteadtothesuccessorcorporationandnottoEFIHorsuchGuarantor,asthecasemaybe),and
mayexerciseeveryrightandpowerofEFIHorsuchGuarantor,asthecasemaybe,underthisIndenturewiththesameeffectas
ifsuch

103
successorPersonhadbeennamedasEFIHorsuchGuarantor,asthecasemaybe,hereinprovided,thatthepredecessorEFIH
shallnotberelievedfromtheobligationtopaytheprincipalandinterest(includinganyAdditionalNotes,ifany)onthe
Notes,andsuchGuarantorshallnotbereleasedfromitsGuarantee,exceptinthecaseofasale,assignment,transfer,
conveyanceorotherdispositionofallofEFIHsorsuchGuarantors,asthecasemaybe,assetsthatmeetstherequirementsof
Section5.01hereof.
ARTICLE6
DEFAULTSANDREMEDIES
Section6.01EventsofDefault.
(a)AnEventofDefaultwhereverusedherein,meansanyoneofthefollowingevents(whateverthereasonforsuch
EventofDefaultandwhetheritshallbevoluntaryorinvoluntaryorbeeffectedbyoperationoflaworpursuanttoany
judgment,decreeororderofanycourtoranyorder,ruleorregulationofanyadministrativeorgovernmentalbody):
(1)defaultinpaymentwhendueandpayable,uponredemption,accelerationorotherwise,ofprincipal,orpremium,
ifany,ontheNotes
(2)defaultfor30daysormoreinthepaymentwhendueofinterest(includingAdditionalInterest,ifany)onorwith
respecttotheNotes
(3)failurebytheIssueroranyRestrictedSubsidiaryfor60daysafterreceiptofwrittennoticegivenbytheTrustee
ortheRequiredHoldersofnotlessthan30%inprincipalamountoftheoutstandingRequiredDebttocomplywithany
ofitsobligations,covenantsoragreements(otherthanadefaultreferredtoinclauses(1)and(2)above)containedinthis
Indenture,theNotesortheSecurityDocumentsrelatingtotheNotes
(4)defaultunderanymortgage,indentureorinstrumentunderwhichthereisissuedorbywhichthereissecuredor
evidencedanyIndebtednessformoneyborrowedbyEFIHoranyofitsRestrictedSubsidiariesorthepaymentofwhich
isguaranteedbyEFIHoranyofitsRestrictedSubsidiaries,otherthanIndebtednessowedtoEFIHoraRestricted
Subsidiary,whethersuchIndebtednessorguaranteenowexistsoriscreatedaftertheissuanceoftheNotes,ifboth:
(a)suchdefaulteitherresultsfromthefailuretopayanyprincipalofsuchIndebtednessatitsstatedfinal
maturity(aftergivingeffecttoanyapplicablegraceperiods)orrelatestoanobligationotherthantheobligationto
payprincipalofanysuchIndebtednessatitsstatedfinalmaturityandresultsintheholderorholdersofsuch
IndebtednesscausingsuchIndebtednesstobecomeduepriortoitsstatedmaturityand
(b)theprincipalamountofsuchIndebtedness,togetherwiththeprincipalamountofanyothersuch
Indebtednessindefaultforfailuretopayprincipalatstatedfinalmaturity(aftergivingeffecttoanyapplicable
graceperiods),orthematurityofwhichhasbeensoaccelerated,aggregate$250.0millionormoreatanyonetime
outstanding
(5)failurebytheIssueroranySignificantSubsidiary(oranygroupofRestrictedSubsidiariesthattogetherwould
constituteaSignificantSubsidiary)topayfinaljudgmentsaggregatinginexcessof$250.0million,whichfinal
judgmentsremainunpaid,undischargedandunstayedforaperiodofmorethan60daysaftersuchjudgmentbecomes
final,andintheeventsuchjudgmentiscoveredbyinsurance,anenforcementproceedinghasbeencommencedbyany
creditoruponsuchjudgmentordecreewhichisnotpromptlystayed

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(6)theIssueroranySignificantSubsidiary(oranygroupofRestrictedSubsidiariesthattogetherwouldconstitutea
SignificantSubsidiary),pursuanttoorwithinthemeaningofanyBankruptcyLaw:
(i)commencesproceedingstobeadjudicatedbankruptorinsolvent
(ii)consentstotheinstitutionofbankruptcyorinsolvencyproceedingsagainstit,orthefilingbyitofa
petitionoranswerorconsentseekingreorganizationorreliefunderapplicableBankruptcyLaw
(iii)consentstotheappointmentofareceiver,liquidator,assignee,trustee,sequestratororothersimilarofficial
ofitorforallorsubstantiallyallofitsproperty
(iv)makesageneralassignmentforthebenefitofitscreditorsor
(v)generallyisnotpayingitsdebtsastheybecomedue
(7)acourtofcompetentjurisdictionentersanorderordecreeunderanyBankruptcyLawthat:
(i)isforreliefagainsttheIssueroranySignificantSubsidiary(oranygroupofRestrictedSubsidiariesthat
togetherwouldconstituteaSignificantSubsidiary),inaproceedinginwhichtheIssueroranySignificant
Subsidiary(oranygroupofRestrictedSubsidiariesthattogetherwouldconstituteaSignificantSubsidiary),istobe
adjudicatedbankruptorinsolvent
(ii)appointsareceiver,liquidator,assignee,trustee,sequestratororothersimilarofficialoftheIssuerorany
SignificantSubsidiary(oranygroupofRestrictedSubsidiariesthattogetherwouldconstituteaSignificant
Subsidiary),orforallorsubstantiallyallofthepropertyoftheIssueroranySignificantSubsidiary(oranygroupof
RestrictedSubsidiariesthattogetherwouldconstituteaSignificantSubsidiary)or
(iii)orderstheliquidationoftheIssueroranySignificantSubsidiary(oranygroupofRestrictedSubsidiaries
that,takentogether,wouldconstituteaSignificantSubsidiary)
andtheorderordecreeremainsunstayedandineffectfor60consecutivedays
(8)theGuaranteeofanySignificantSubsidiary(oranygroupofRestrictedSubsidiariesthattogetherwould
constituteaSignificantSubsidiary)shallforanyreasonceasetobeinfullforceandeffectorbedeclarednullandvoid
oranyresponsibleofficerofanyGuarantorthatisaSignificantSubsidiary(oranygroupofRestrictedSubsidiariesthat
togetherwouldconstituteaSignificantSubsidiary),asthecasemaybe,deniesthatithasanyfurtherliabilityunderits
Guaranteeorgivesnoticetosucheffect,otherthanbyreasonoftheterminationofthisIndentureorthereleaseofany
suchGuaranteeinaccordancewiththisIndentureor
(9)withrespecttoCollateralhavingafairmarketvalueinexcessof$250.0millionintheaggregate,anysecurity
interestandLienpurportedtobecreatedbyanySecurityDocumentwithrespecttotheCollateral(a)ceasestobeinfull
forceandeffect,(b)ceasestogivethe

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CollateralTrustee,forthebenefitoftheHoldersoftheNotes,theLiens,rights,powersandprivilegespurportedtobe
createdandgrantedthereby(includingaperfectedfirstprioritysecurityinterestinandLienon,alloftheCollateral
thereunder)infavoroftheCollateralTrustee,or(c)isassertedbyEFIHnottobe,avalid,perfected,firstpriority(except
asotherwiseexpresslyprovidedinthisIndentureortheCollateralTrustAgreement)securityinterestinorLienonthe
Collateralcoveredthereby.
(b)IntheeventofanyEventofDefaultspecifiedinclause(4)ofSection6.01(a)hereof,suchEventofDefaultandall
consequencesthereof(excludinganyresultingpaymentdefault,otherthanasaresultofaccelerationoftheNotes)shallbe
annulled,waivedandrescinded,automaticallyandwithoutanyactionbytheTrusteeortheHolders,ifwithin20daysafter
suchEventofDefaultarose:
(1)theIndebtednessorguaranteethatisthebasisforsuchEventofDefaulthasbeendischargedor
(2)theholdersthereofhaverescindedorwaivedtheacceleration,noticeoraction(asthecasemaybe)givingriseto
suchEventofDefaultor
(3)thedefaultthatisthebasisforsuchEventofDefaulthasbeencured.
Section6.02Acceleration.
IfanyEventofDefault(otherthananEventofDefaultspecifiedinclause(6)or(7)ofSection6.01(a)hereof)occursand
iscontinuingunderthisIndenture,theTrusteeortheRequiredHoldersofatleast30%inaggregateprincipalamountofthe
outstandingRequiredDebtmaydeclaretheprincipalof,andpremium,ifany,interest,AdditionalInterest,ifany,andany
othermonetaryobligationsonallthethenoutstandingNotestobedueandpayableimmediately.Upontheeffectivenessof
suchdeclaration,suchprincipalandinterest(includingAdditionalInterest,ifany)shallbedueandpayableimmediately.The
TrusteeshallhavenoobligationtoacceleratetheNotesifandsolongasacommitteeofitsResponsibleOfficersingoodfaith
determinesaccelerationisnotinthebestinterestoftheHoldersoftheNotes.
Notwithstandingtheforegoing,inthecaseofanEventofDefaultarisingunderclause(6)or(7)ofSection6.01(a)
hereof,alloutstandingNotesshallbedueandpayableimmediatelywithoutfurtheractionornotice.
Section6.03OtherRemedies.
IfanEventofDefaultoccursandiscontinuing,theTrusteemaypursueanyavailableremedytocollectthepaymentof
principalofandpremium,ifany,andinterest(includingAdditionalInterest,ifany)ontheNotesortoenforcethe
performanceofanyprovisionoftheNotesorthisIndenture.
TheTrusteemaymaintainaproceedingevenifitdoesnotpossessanyoftheNotesordoesnotproduceanyofthemin
theproceeding.AdelayoromissionbytheTrusteeoranyHolderofaNoteinexercisinganyrightorremedyaccruingupon
anEventofDefaultshallnotimpairtherightorremedyorconstituteawaiveroforacquiescenceintheEventofDefault.All
remediesarecumulativetotheextentpermittedbylaw.
Section6.04WaiverofPastDefaults.
TheRequiredHoldersofatleastamajorityinaggregateprincipalamountoftheoutstandingRequiredDebtbynoticeto
theTrusteemayonbehalfoftheRequiredHoldersofalloftheRequiredDebt

106
waiveanyexistingDefaultanditsconsequenceshereunder,exceptacontinuingDefaultinthepaymentoftheprincipalof,or
premium,ifany,orinterest(includingAdditionalInterest,ifany)on,anyNoteheldbyanonconsentingHolderandrescind
anyaccelerationwithrespecttotheNotesanditsconsequences(providedsuchrescissionwouldnotconflictwithany
judgmentofacourtofcompetentjurisdiction).Uponanysuchwaiver,suchDefaultshallceasetoexist,andanyEventof
DefaultarisingtherefromshallbedeemedtohavebeencuredforeverypurposeofthisIndenturebutnosuchwaivershall
extendtoanysubsequentorotherDefaultorimpairanyrightconsequentthereon.
Section6.05ControlbyMajority.
TheRequiredHoldersofatleastamajorityinaggregateprincipalamountoftheoutstandingRequiredDebtmaydirect
thetime,methodandplaceofconductinganyproceedingforanyremedyavailabletotheTrusteeorofexercisinganytrustor
powerconferredontheTrustee.TheTrustee,however,mayrefusetofollowanydirectionthatconflictswithlaworthis
IndentureorthattheTrusteedeterminesisundulyprejudicialtotherightsofanyotherHolderofaNoteorthatwouldinvolve
theTrusteeinpersonalliability.
Section6.06LimitationonSuits.
SubjecttoSection6.07hereof,noHolderofaNotemaypursueanyremedywithrespecttothisIndentureortheNotes
unless:
(1)suchHolderhaspreviouslygiventheTrusteenoticethatanEventofDefaultiscontinuing
(2)theRequiredHoldersofatleast30%inaggregateprincipalamountoftheoutstandingRequiredDebthave
requestedtheTrusteetopursuetheremedy
(3)HoldersoftheNoteshaveofferedtheTrusteesecurityorindemnityreasonablysatisfactorytoitagainstanyloss,
liabilityorexpense
(4)theTrusteehasnotcompliedwithsuchrequestwithin60daysafterthereceiptthereofandtheofferofsecurity
orindemnityand
(5)theRequiredHoldersofatleastamajorityinaggregateprincipalamountoftheoutstandingRequiredDebt
havenotgiventheTrusteeadirectioninconsistentwithsuchrequestwithinsuch60dayperiod.
AHolderofaNotemaynotusethisIndenturetoprejudicetherightsofanotherHolderofaNoteortoobtaina
preferenceorpriorityoveranotherHolderofaNote.
Section6.07RightsofHoldersofNotestoReceivePayment.
NotwithstandinganyotherprovisionofthisIndenture,therightofanyHolderofaNotetoreceivepaymentofprincipal
ofandpremium,ifany,andinterest(includingAdditionalInterest,ifany)ontheNote,onoraftertherespectiveduedates
expressedintheNote(includinginconnectionwithanAssetSaleOffer,aCollateralAssetSaleOfferoraChangeofControl
Offer),ortobringsuitfortheenforcementofanysuchpaymentonoraftersuchrespectivedates,shallnotbeimpairedor
affectedwithouttheconsentofsuchHolder.

107
Section6.08CollectionSuitbyTrustee.
IfanEventofDefaultspecifiedinclause(1)or(2)ofSection6.01(a)hereofoccursandiscontinuing,theTrusteeis
authorizedtorecoverjudgmentinitsownnameandastrusteeofanexpresstrustagainsttheIssuerforthewholeamountof
principal,premium,ifany,andinterest(includingAdditionalInterest,ifany)remainingunpaidontheNotesandintereston
overdueprincipaland,totheextentlawful,interest(includingAdditionalInterest,ifany)andsuchfurtheramountasshallbe
sufficienttocoverthecostsandexpensesofcollection,includingthereasonablecompensation,expenses,disbursementsand
advancesoftheTrustee,itsagentsandcounsel.
Section6.09RestorationofRightsandRemedies.
IftheTrusteeoranyHolderhasinstitutedanyproceedingtoenforceanyrightorremedyunderthisIndentureandsuch
proceedinghasbeendiscontinuedorabandonedforanyreason,orhasbeendeterminedadverselytotheTrusteeortosuch
Holder,thenandineverysuchcase,subjecttoanydeterminationinsuchproceedings,theIssuer,theTrusteeandtheHolders
shallberestoredseverallyandrespectivelytotheirformerpositionshereunderandthereafterallrightsandremediesofthe
TrusteeandtheHoldersshallcontinueasthoughnosuchproceedinghasbeeninstituted.
Section6.10RightsandRemediesCumulative.
Exceptasotherwiseprovidedwithrespecttothereplacementorpaymentofmutilated,destroyed,lostorstolenNotesin
Section2.07hereof,norightorremedyhereinconferreduponorreservedtotheTrusteeortotheHoldersisintendedtobe
exclusiveofanyotherrightorremedy,andeveryrightandremedyshall,totheextentpermittedbylaw,becumulativeandin
additiontoeveryotherrightandremedygivenhereunderornoworhereafterexistingatlaworinequityorotherwise.The
assertionoremploymentofanyrightorremedyhereunder,orotherwise,shallnotpreventtheconcurrentassertionor
employmentofanyotherappropriaterightorremedy.
Section6.11DelayorOmissionNotWaiver.
NodelayoromissionoftheTrusteeorofanyHolderofanyNotetoexerciseanyrightorremedyaccruinguponany
EventofDefaultshallimpairanysuchrightorremedyorconstituteawaiverofanysuchEventofDefaultoranacquiescence
therein.EveryrightandremedygivenbythisArticleorbylawtotheTrusteeortotheHoldersmaybeexercisedfromtimeto
time,andasoftenasmaybedeemedexpedient,bytheTrusteeorbytheHolders,asthecasemaybe.
Section6.12TrusteeMayFileProofsofClaim.
TheTrusteeisauthorizedtofilesuchproofsofclaimandotherpapersordocumentsasmaybenecessaryoradvisablein
ordertohavetheclaimsoftheTrustee(includinganyclaimforthereasonablecompensation,expenses,disbursementsand
advancesoftheTrustee,itsagentsandcounsel)andtheHoldersoftheNotesallowedinanyjudicialproceedingsrelativeto
theIssuer(oranyotherobligorupontheNotesincludingtheGuarantors),itscreditorsoritspropertyandshallbeentitledand
empoweredtoparticipateasamemberinanyofficialcommitteeofcreditorsappointedinsuchmatterandtocollect,receive
anddistributeanymoneyorotherpropertypayableordeliverableonanysuchclaimsandanycustodianinanysuchjudicial
proceedingisherebyauthorizedbyeachHoldertomakesuchpaymentstotheTrustee,andintheeventthattheTrusteeshall
consenttothemakingofsuchpaymentsdirectlytotheHolders,topaytotheTrusteeanyamountduetoitforthereasonable
compensation,expenses,

108
disbursementsandadvancesoftheTrustee,itsagentsandcounsel,andanyotheramountsduetheTrusteeunderSection7.07
hereof.Totheextentthatthepaymentofanysuchcompensation,expenses,disbursementsandadvancesoftheTrustee,its
agentsandcounsel,andanyotheramountsduetheTrusteeunderSection7.07hereofoutoftheestateinanysuch
proceeding,shallbedeniedforanyreason,paymentofthesameshallbesecuredbyaLienon,andshallbepaidoutof,any
andalldistributions,dividends,money,securitiesandotherpropertiesthattheHoldersmaybeentitledtoreceiveinsuch
proceedingwhetherinliquidationorunderanyPlanofReorganizationorarrangementorotherwise.Nothingherein
containedshallbedeemedtoauthorizetheTrusteetoauthorizeorconsenttooracceptoradoptonbehalfofanyHolderany
PlanofReorganization,arrangement,adjustmentorcompositionaffectingtheNotesortherightsofanyHolder,orto
authorizetheTrusteetovoteinrespectoftheclaimofanyHolderinanysuchproceeding.
Section6.13Priorities.
IftheTrusteecollectsanymoneyorpropertypursuanttothisArticle6,itshallpayoutthemoneyorpropertyinthe
followingorder:
(i)totheTrustee,itsagentsandattorneysforamountsdueunderSection7.07hereof,includingpaymentofall
compensation,expensesandliabilitiesincurred,andalladvancesmade,bytheTrusteeandthecostsandexpensesof
collection
(ii)toHoldersofNotesforamountsdueandunpaidontheNotesforprincipal,premium,ifany,andinterest
(includingAdditionalInterest,ifany),ratably,withoutpreferenceorpriorityofanykind,accordingtotheamountsdue
andpayableontheNotesforprincipal,premium,ifany,andinterest(includingAdditionalInterest,ifany),respectively
and
(iii)totheIssuerortosuchpartyasacourtofcompetentjurisdictionshalldirectincludingaGuarantor,if
applicable.
TheTrusteemayfixaRecordDateandpaymentdateforanypaymenttoHoldersofNotespursuanttothisSection6.13.
Section6.14UndertakingforCosts.
InanysuitfortheenforcementofanyrightorremedyunderthisIndentureorinanysuitagainsttheTrusteeforany
actiontakenoromittedbyitasaTrustee,acourtinitsdiscretionmayrequirethefilingbyanypartylitigantinthesuitofan
undertakingtopaythecostsofthesuit,andthecourtinitsdiscretionmayassessreasonablecosts,includingreasonable
attorneysfees,againstanypartylitigantinthesuit,havingdueregardtothemeritsandgoodfaithoftheclaimsordefenses
madebythepartylitigant.ThisSection6.14doesnotapplytoasuitbytheTrustee,asuitbyaHolderofaNotepursuantto
Section6.07hereof,orasuitbyHoldersofmorethan10%inprincipalamountofthethenoutstandingNotes.
ARTICLE7
TRUSTEE
Section7.01DutiesofTrustee.
(a)IfanEventofDefaulthasoccurredandiscontinuing,theTrusteeshallexercisesuchoftherightsandpowersvested
initbythisIndenture,andusethesamedegreeofcareandskillinitsexercise,asaprudentpersonwouldexerciseoruse
underthecircumstancesintheconductofsuchpersonsownaffairs.

109
(b)ExceptduringthecontinuanceofanEventofDefault:
(i)thedutiesoftheTrusteeshallbedeterminedsolelybytheexpressprovisionsofthisIndentureandtheTrustee
needperformonlythosedutiesthatarespecificallysetforthinthisIndentureandnoothers,andnoimpliedcovenantsor
obligationsshallbereadintothisIndentureagainsttheTrusteeand
(ii)intheabsenceofbadfaithonitspart,theTrusteemayconclusivelyrely,astothetruthofthestatementsandthe
correctnessoftheopinionsexpressedtherein,uponcertificatesoropinionsfurnishedtotheTrusteeandconformingto
therequirementsofthisIndenture.However,inthecaseofanysuchcertificatesoropinionswhichbyanyprovision
hereofarespecificallyrequiredtobefurnishedtotheTrustee,theTrusteeshallexaminethecertificatesandopinionsto
determinewhetherornottheyconformtotherequirementsofthisIndenture.
(c)TheTrusteemaynotberelievedfromliabilitiesforitsownnegligentaction,itsownnegligentfailuretoact,orits
ownwillfulmisconduct,exceptthat:
(i)thisparagraphdoesnotlimittheeffectofclause(b)ofthisSection7.01
(ii)theTrusteeshallnotbeliableforanyerrorofjudgmentmadeingoodfaithbyaResponsibleOfficer,unlessitis
provedinacourtofcompetentjurisdictionthattheTrusteewasnegligentinascertainingthepertinentfactsand
(iii)theTrusteeshallnotbeliablewithrespecttoanyactionittakesoromitstotakeingoodfaithinaccordance
withadirectionreceivedbyitpursuanttoSection6.05hereof.
(d)Whetherornotthereinexpresslysoprovided,everyprovisionofthisIndenturethatinanywayrelatestotheTrustee
issubjecttoclauses(a),(b)and(c)ofthisSection7.01.
(e)TheTrusteeshallbeundernoobligationtoexerciseanyofitsrightsorpowersunderthisIndentureattherequestor
directionofanyHolderoftheNotesunlesssuchHoldershallhaveofferedtotheTrusteeindemnityorsecurityreasonably
satisfactorytoitagainstanyloss,liabilityorexpense.
(f)TheTrusteeshallnotbeliableforinterestonanymoneyreceivedbyitexceptastheTrusteemayagreeinwriting
withtheIssuer.MoneyheldintrustbytheTrusteeneednotbesegregatedfromotherfundsexcepttotheextentrequiredby
law.
Section7.02RightsofTrustee.
(a)TheTrusteemayconclusivelyrelyuponanydocumentbelievedbyittobegenuineandtohavebeensignedor
presentedbytheproperPerson.TheTrusteeneednotinvestigateanyfactormatterstatedinthedocument,buttheTrustee,in
itsdiscretion,maymakesuchfurtherinquiryorinvestigationintosuchfactsormattersasitmayseefit,and,iftheTrustee
shalldeterminetomakesuchfurtherinquiryorinvestigation,itshallbeentitledtoexaminethebooks,recordsandpremises
oftheIssuer,personallyorbyagentorattorneyatthesolecostoftheIssuerandshallincurnoliabilityoradditionalliability
ofanykindbyreasonofsuchinquiryorinvestigation.
(b)BeforetheTrusteeactsorrefrainsfromacting,itmayrequireanOfficersCertificateoranOpinionofCounselor
both.TheTrusteeshallnotbeliableforanyactionittakesoromitstotakeingoodfaithinrelianceonsuchOfficers
CertificateorOpinionofCounsel.TheTrusteemayconsultwithcounselofitsselectionandthewrittenadviceofsuch
counseloranyOpinionofCounselshallbefullandcompleteauthorizationandprotectionfromliabilityinrespectofany
actiontaken,sufferedoromittedbyithereunderingoodfaithandinreliancethereon.

110
(c)TheTrusteemayactthroughitsattorneysandagentsandshallnotberesponsibleforthemisconductornegligenceof
anyagentorattorneyappointedwithduecare.
(d)TheTrusteeshallnotbeliableforanyactionittakesoromitstotakeingoodfaiththatitbelievestobeauthorizedor
withintherightsorpowersconferreduponitbythisIndenture.
(e)UnlessotherwisespecificallyprovidedinthisIndenture,anydemand,request,directionornoticefromtheIssuer
shallbesufficientifsignedbyanOfficeroftheIssuer.
(f)NoneoftheprovisionsofthisIndentureshallrequiretheTrusteetoexpendorriskitsownfundsorotherwisetoincur
anyliability,financialorotherwise,intheperformanceofanyofitsdutieshereunder,orintheexerciseofanyofitsrightsor
powersifitshallhavereasonablegroundsforbelievingthatrepaymentofsuchfundsorindemnitysatisfactorytoitagainst
suchriskorliabilityisnotassuredtoit.
(g)TheTrusteeshallnotbedeemedtohavenoticeofanyDefaultorEventofDefaultunlessaResponsibleOfficerofthe
TrusteehasactualknowledgethereoforunlesswrittennoticeofanyeventwhichisinfactsuchaDefaultisreceivedbythe
TrusteeattheCorporateTrustOfficeoftheTrustee,andsuchnoticereferencestheNotesandthisIndenture.Deliveryof
reportstotheTrusteepursuanttoSection4.03hereofshallnotconstituteactualknowledgeof,ornoticeto,theTrusteeof
informationcontainedtherein.
(h)InnoeventshalltheTrusteeberesponsibleorliableforspecial,indirect,orconsequentiallossordamageofanykind
whatsoever(including,butnotlimitedto,lossofprofit)irrespectiveofwhethertheTrusteehasbeenadvisedofthelikelihood
ofsuchlossordamageandregardlessoftheformofaction.
(i)Therights,privileges,protections,immunitiesandbenefitsgiventotheTrustee,including,withoutlimitation,its
righttobeindemnified,areextendedto,andshallbeenforceableby,theTrusteeineachofitscapacitieshereunder,andeach
agent,custodianandotherPersonemployedtoacthereunder.
Section7.03IndividualRightsofTrustee.
TheTrusteeinitsindividualoranyothercapacitymaybecometheownerorpledgeeofNotesandmayotherwisedeal
withtheIssueroranyAffiliateoftheIssuerwiththesamerightsitwouldhaveifitwerenotTrustee.However,intheevent
thattheTrusteeacquiresanyconflictinginterestitmusteliminatesuchconflictwithin90days,applytotheSECfor
permissiontocontinueastrusteeorresign.AnyAgentmaydothesamewithlikerightsandduties.TheTrusteeisalsosubject
toSections7.10and7.11hereof.
Section7.04TrusteesDisclaimer.
TheTrusteeshallnotberesponsibleforandmakesnorepresentationastothevalidityoradequacyofthisIndentureor
theNotes,itshallnotbeaccountablefortheIssuersuseoftheproceedsfromtheNotesoranymoneypaidtotheIssueror
upontheIssuersdirectionunderanyprovisionofthisIndenture,itshallnotberesponsiblefortheuseorapplicationofany
moneyreceivedbyanyPayingAgentotherthantheTrustee,anditshallnotberesponsibleforanystatementorrecitalherein
oranystatementintheNotesoranyotherdocumentinconnectionwiththesaleoftheNotesorpursuanttothisIndenture
otherthanitscertificateofauthentication.

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Section7.05NoticeofDefaults.
IfaDefaultoccursandiscontinuingandifitisknowntotheTrustee,theTrusteeshallmailorotherwisedeliverin
accordancewiththeprocedureofDTCtoHoldersofNotesanoticeoftheDefaultwithin90daysafteritoccurs.Exceptinthe
caseofaDefaultrelatingtothepaymentofprincipaloforpremium,ifany,orinterest(includingAdditionalInterest,ifany)
onanyNote,theTrusteemaywithholdfromtheHoldersnoticeofanycontinuingDefaultifandsolongasacommitteeofits
ResponsibleOfficersingoodfaithdeterminesthatwithholdingthenoticeisintheinterestsoftheHoldersoftheNotes.The
TrusteeshallnotbedeemedtoknowofanyDefaultunlessaResponsibleOfficeroftheTrusteehasactualknowledgethereof
orunlesswrittennoticeofanyeventwhichissuchaDefaultisreceivedbytheTrusteeattheCorporateTrustOfficeofthe
Trustee.
Section7.06ReportsbyTrusteetoHoldersoftheNotes.
Within60daysaftereachMay15,beginningwiththeMay15followingthedateofthisIndenture,andforsolongas
Notesremainoutstanding,theTrusteeshallmailtotheHoldersoftheNotesabriefreportdatedasofsuchreportingdatethat
complieswithTrustIndentureActSection313(a)(butifnoeventdescribedinTrustIndentureActSection313(a)has
occurredwithinthetwelvemonthsprecedingthereportingdate,noreportneedbetransmitted).TheTrusteealsoshallcomply
withTrustIndentureActSection313(b)(2).TheTrusteeshallalsotransmitbymailallreportsasrequiredbyTrustIndenture
ActSection313(c).
AcopyofeachreportatthetimeofitsmailingtotheHoldersofNotesshallbemailedtotheIssuerandfiledwiththe
SECandeachstockexchangeonwhichtheNotesarelistedinaccordancewithTrustIndentureActSection313(d).TheIssuer
shallpromptlynotifytheTrusteewhentheNotesarelistedonanystockexchange.
Section7.07CompensationandIndemnity.
TheIssuerandtheGuarantors,jointlyandseverally,shallpaytotheTrusteefromtimetotimesuchcompensationforits
acceptanceofthisIndentureandserviceshereunderasthepartiesshallagreeinwritingfromtimetotime.TheTrustees
compensationshallnotbelimitedbyanylawoncompensationofatrusteeofanexpresstrust.TheIssuerandtheGuarantors,
jointlyandseverally,shallreimbursetheTrusteepromptlyuponrequestforallreasonabledisbursements,advancesand
expensesincurredormadebyitinadditiontothecompensationforitsservices.Suchexpensesshallincludethereasonable
compensation,disbursementsandexpensesoftheTrusteesagentsandcounsel.
TheIssuerandtheGuarantors,jointlyandseverally,shallindemnifytheTrusteefor,andholdtheTrusteeharmless
against,anyandallloss,damage,claims,liabilityorexpense(includingattorneysfees)incurredbyitinconnectionwiththe
acceptanceoradministrationofthistrustandtheperformanceofitsdutieshereunder(includingthecostsandexpensesof
enforcingthisIndentureagainsttheIssueroranyoftheGuarantors(includingthisSection7.07)ordefendingitselfagainst
anyclaimwhetherassertedbyanyHolder,theIssueroranyGuarantor,orliabilityinconnectivewiththeacceptance,exercise
orperformanceofanyofitspowersordutieshereunder).TheTrusteeshallnotifytheIssuerpromptlyofanyclaimforwhichit
mayseekindemnity.FailurebytheTrusteetosonotifytheIssuershallnotrelievetheIssuerofitsobligationshereunder.The
IssuershalldefendtheclaimandtheTrusteemayhaveseparatecounselandtheIssuershallpaythefeesandexpensesofsuch
counsel.TheIssuerneednotreimburseanyexpenseorindemnifyagainstanyloss,liabilityorexpenseincurredbythe
TrusteethroughtheTrusteesownwillfulmisconduct,negligenceorbadfaith.

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TheobligationsoftheIssuerunderthisSection7.07shallsurvivethesatisfactionanddischargeofthisIndentureorthe
earlierresignationorremovaloftheTrustee.
NotwithstandinganythingtothecontraryinSection4.12hereof,tosecurethepaymentobligationsoftheIssuerandthe
GuarantorsinthisSection7.07,theTrusteeshallhaveaLienpriortotheNotesonallmoneyorpropertyheldorcollectedby
theTrustee,exceptthatheldintrusttopayprincipalandinterestonparticularNotes.SuchLienshallsurvivethesatisfaction
anddischargeofthisIndenture.
WhentheTrusteeincursexpensesorrendersservicesafteranEventofDefaultspecifiedinclause(6)or(7)of
Section6.01(a)hereofoccurs,theexpensesandthecompensationfortheservices(includingthefeesandexpensesofits
agentsandcounsel)areintendedtoconstituteexpensesofadministrationunderanyBankruptcyLaw.
TheTrusteeshallcomplywiththeprovisionsofTrustIndentureActSection313(b)(2)totheextentapplicable.
Section7.08ReplacementofTrustee.
AresignationorremovaloftheTrusteeandappointmentofasuccessorTrusteeshallbecomeeffectiveonlyuponthe
successorTrusteesacceptanceofappointmentasprovidedinthisSection7.08.TheTrusteemayresignatanytimebygiving
30dayspriorwrittennoticeofsuchresignationtotheIssuerandbedischargedfromthetrustherebycreatedbysonotifying
theIssuer.TheHoldersofamajorityinprincipalamountofthethenoutstandingNotesmayremovetheTrusteebyso
notifyingtheTrusteeandtheIssuerinwriting.TheIssuermayremovetheTrusteeif:
(a)theTrusteefailstocomplywithSection7.10hereof
(b)theTrusteeisadjudgedabankruptoraninsolventoranorderforreliefisenteredwithrespecttotheTrustee
underanyBankruptcyLaw
(c)acustodianorpublicofficertakeschargeoftheTrusteeoritspropertyor
(d)theTrusteebecomesincapableofacting.
IftheTrusteeresignsorisremovedorifavacancyexistsintheofficeofTrusteeforanyreason,theIssuershallpromptly
appointasuccessorTrustee.WithinoneyearafterthesuccessorTrusteetakesoffice,theHoldersofamajorityinprincipal
amountofthethenoutstandingNotesmayappointasuccessorTrusteetoreplacethesuccessorTrusteeappointedbythe
Issuer.
IfasuccessorTrusteedoesnottakeofficewithin60daysaftertheretiringTrusteeresignsorisremoved,theretiring
Trustee(attheIssuersexpense),theIssuerortheHoldersofatleast10%inprincipalamountofthethenoutstandingNotes
maypetitionanycourtofcompetentjurisdictionfortheappointmentofasuccessorTrustee.
IftheTrustee,afterwrittenrequestbyanyHolderwhohasbeenaHolderforatleastsixmonths,failstocomplywith
Section7.10hereof,suchHoldermaypetitionanycourtofcompetentjurisdictionfortheremovaloftheTrusteeandthe
appointmentofasuccessorTrustee.

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AsuccessorTrusteeshalldeliverawrittenacceptanceofitsappointmenttotheretiringTrusteeandtotheIssuer.
Thereupon,theresignationorremovaloftheretiringTrusteeshallbecomeeffective,andthesuccessorTrusteeshallhaveall
therights,powersanddutiesoftheTrusteeunderthisIndenture.ThesuccessorTrusteeshallmailanoticeofitssuccessionto
Holders.TheretiringTrusteeshallpromptlytransferallpropertyheldbyitasTrusteetothesuccessorTrusteeprovided,all
sumsowingtotheTrusteehereunderhavebeenpaidandsubjecttotheLienprovidedforinSection7.07hereof.
NotwithstandingreplacementoftheTrusteepursuanttothisSection7.08,theIssuersobligationsunderSection7.07hereof
shallcontinueforthebenefitoftheretiringTrustee.
Section7.09SuccessorTrusteebyMerger,etc.
IftheTrusteeconsolidates,mergesorconvertsinto,ortransfersallorsubstantiallyallofitscorporatetrustbusinessto,
anothercorporation,thesuccessorcorporationwithoutanyfurtheractshallbethesuccessorTrustee.
Section7.10EligibilityDisqualification.
ThereshallatalltimesbeaTrusteehereunderthatisacorporationorganizedanddoingbusinessunderthelawsofthe
UnitedStatesofAmericaorofanystatethereofthatisauthorizedundersuchlawstoexercisecorporatetrusteepower,thatis
subjecttosupervisionorexaminationbyfederalorstateauthoritiesandthathasacombinedcapitalandsurplusofatleast
$50,000,000assetforthinitsmostrecentpublishedannualreportofcondition.
ThisIndentureshallalwayshaveaTrusteewhosatisfiestherequirementsofTrustIndentureActSections310(a)(1),
(2)and(5).TheTrusteeissubjecttoTrustIndentureActSection310(b).
Section7.11PreferentialCollectionofClaimsAgainstIssuer.
TheTrusteeissubjecttoTrustIndentureActSection311(a),excludinganycreditorrelationshiplistedinTrust
IndentureActSection311(b).ATrusteewhohasresignedorbeenremovedshallbesubjecttoTrustIndentureAct
Section311(a)totheextentindicatedtherein.
ARTICLE8
LEGALDEFEASANCEANDCOVENANTDEFEASANCE
Section8.01OptiontoEffectLegalDefeasanceorCovenantDefeasance.
TheIssuermay,atitsoptionandatanytime,electtohaveeitherSection8.02or8.03hereofappliedtoalloutstanding
NotesuponcompliancewiththeconditionssetforthbelowinthisArticle8.
Section8.02LegalDefeasanceandDischarge.
UpontheIssuersexerciseunderSection8.01hereofoftheoptionapplicabletothisSection8.02,theIssuerandthe
Guarantorsshall,subjecttothesatisfactionoftheconditionssetforthinSection8.04hereof,bedeemedtohavebeen
dischargedfromtheirobligationswithrespecttoalloutstandingNotesandGuaranteesonthedatetheconditionssetforth
belowaresatisfied(LegalDefeasance).Forthispurpose,LegalDefeasancemeansthattheIssuershallbedeemedtohave
paidanddischargedtheentireIndebtednessrepresentedbytheoutstandingNotes,whichshallthereafterbedeemedtobe
outstandingonlyforthepurposesofSection8.05hereofandtheotherSectionsofthisIndenturereferredtoin(a)and
(b)below,andtohavesatisfiedallitsotherobligationsundersuchNotesandthisIndentureincludingthat

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oftheGuarantors(andtheTrustee,ondemandofandattheexpenseoftheIssuer,shallexecuteproperinstruments
acknowledgingthesame),exceptforthefollowingprovisionswhichshallsurviveuntilotherwiseterminatedordischarged
hereunder:
(a)therightsofHoldersofNotestoreceivepaymentsinrespectoftheprincipalofandpremium,ifany,andinterest
(includingAdditionalInterest,ifany)ontheNoteswhensuchpaymentsareduesolelyoutofthetrustcreatedpursuant
tothisIndenturereferredtoinSection8.04hereof
(b)theIssuersobligationswithrespecttoNotesconcerningissuingtemporaryNotes,registrationofsuchNotes,
mutilated,destroyed,lostorstolenNotesandthemaintenanceofanofficeoragencyforpaymentandmoneyforsecurity
paymentsheldintrust
(c)therights,powers,trusts,dutiesandimmunitiesoftheTrustee,andtheIssuersobligationsinconnection
therewithand
(d)thisSection8.02.
SubjecttocompliancewiththisArticle8,theIssuermayexerciseitsoptionunderthisSection8.02notwithstandingthe
priorexerciseofitsoptionunderSection8.03hereof.
Section8.03CovenantDefeasance.
UpontheIssuersexerciseunderSection8.01hereofoftheoptionapplicabletothisSection8.03,theCollateralshallbe
releasedfromtheLiensecuringtheNotesasprovidedinSection10.06hereof,andtheIssuerandtheGuarantorsshall,subject
tothesatisfactionoftheconditionssetforthinSection8.04hereof,bereleasedfromtheirobligationsunderthecovenants
containedinSections4.03,4.04,4.05,4.07,4.08,4.09,4.10,4.11,4.12,4.13,4.14,4.15,4.16,4.18,4.19,4.20and4.21
hereofandclauses(3),(4)and(5)ofSection5.01(a),Sections5.01(c)and5.01(d)hereofwithrespecttotheoutstandingNotes
onandafterthedatetheconditionssetforthinSection8.04hereofaresatisfied(CovenantDefeasance),andtheNotesshall
thereafterbedeemednotoutstandingforthepurposesofanydirection,waiver,consentordeclarationoractofHolders(and
theconsequencesofanythereof)inconnectionwithsuchcovenants,butshallcontinuetobedeemedoutstandingforall
otherpurposeshereunder(itbeingunderstoodthatsuchNotesshallnotbedeemedoutstandingforaccountingpurposes).For
thispurpose,CovenantDefeasancemeansthat,withrespecttotheoutstandingNotes,theIssuermayomittocomplywithand
shallhavenoliabilityinrespectofanyterm,conditionorlimitationsetforthinanysuchcovenant,whetherdirectlyor
indirectly,byreasonofanyreferenceelsewherehereintoanysuchcovenantorbyreasonofanyreferenceinanysuch
covenanttoanyotherprovisionhereinorinanyotherdocumentandsuchomissiontocomplyshallnotconstituteaDefault
oranEventofDefaultunderSection6.01hereof,but,exceptasspecifiedabove,theremainderofthisIndentureandsuch
Notesshallbeunaffectedthereby.Inaddition,upontheIssuersexerciseunderSection8.01hereofoftheoptionapplicableto
thisSection8.03hereof,subjecttothesatisfactionoftheconditionssetforthinSection8.04hereof,clauses(3),(4),(5)and
(6)ofSection6.01(a)hereof,(solelywithrespecttoRestrictedSubsidiariesorgroupsofRestrictedSubsidiariesthatare
SignificantSubsidiaries),clause(7)ofSection6.01(a)hereof(solelywithrespecttoRestrictedSubsidiariesorgroupsof
RestrictedSubsidiariesthatareSignificantSubsidiaries),andclauses(8)and(9)ofSection6.01(a)hereofshallnotconstitute
EventsofDefault.

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Section8.04ConditionstoLegalorCovenantDefeasance.
ThefollowingshallbetheconditionstotheapplicationofeitherSection8.02or8.03hereoftotheoutstandingNotes:
(1)theIssuermustirrevocablydepositwiththeTrustee,intrust,forthebenefitoftheHoldersoftheNotes,cashin
U.S.dollars,GovernmentSecurities,oracombinationthereof,insuchamountsasshallbesufficient,intheopinionofa
nationallyrecognizedfirmofindependentpublicaccountants,topaytheprincipalofandpremium,ifany,andinterest
(includingAdditionalInterest,ifany)dueontheNotesonthestatedmaturitydateorontheredemptiondate,asthecase
maybe,ofsuchprincipaloforpremium,ifany,orinterest(includingAdditionalInterest,ifany)onsuchNotesandthe
IssuermustspecifywhethersuchNotesarebeingdefeasedtomaturityortoaparticularredemptiondate
(2)inthecaseofLegalDefeasance,theIssuershallhavedeliveredtotheTrusteeanOpinionofCounselreasonably
acceptabletotheTrusteeconfirmingthat,subjecttocustomaryassumptionsandexclusions,
(a)theIssuerhasreceivedfrom,ortherehasbeenpublishedby,theUnitedStatesInternalRevenueServicea
ruling,or
(b)sincetheIssueDate,therehasbeenachangeintheapplicableU.S.federalincometaxlaw,
ineithercasetotheeffectthat,andbasedthereonsuchOpinionofCounselshallconfirmthat,subjecttocustomary
assumptionsandexclusions,theHoldersoftheNotesshallnotrecognizeincome,gainorlossforU.S.federal
incometaxpurposes,asapplicable,asaresultofsuchLegalDefeasanceandwillbesubjecttoU.S.federalincome
taxonthesameamounts,inthesamemannerandatthesametimesaswouldhavebeenthecaseifsuchLegal
Defeasancehadnotoccurred
(3)inthecaseofCovenantDefeasance,theIssuershallhavedeliveredtotheTrusteeanOpinionofCounsel
reasonablyacceptabletotheTrusteeconfirmingthat,subjecttocustomaryassumptionsandexclusions,theHoldersof
theNoteswillnotrecognizeincome,gainorlossforU.S.federalincometaxpurposesasaresultofsuchCovenant
Defeasanceandwillbesubjecttosuchtaxonthesameamounts,inthesamemannerandatthesametimesaswould
havebeenthecaseifsuchCovenantDefeasancehadnotoccurred
(4)noDefault(otherthanthatresultingfromborrowingfundstobeappliedtomakesuchdepositandanysimilar
andsimultaneousdepositrelatingtootherIndebtednessand,ineachcase,thegrantingofLiensinconnectiontherewith)
shallhaveoccurredandbecontinuingonthedateofsuchdeposit
(5)suchLegalDefeasanceorCovenantDefeasanceshallnotresultinabreachorviolationof,orconstitutea
defaultunderanymaterialagreementorinstrument(otherthanthisIndenture)towhichtheIssueroranyGuarantorisa
partyorbywhichtheIssueroranyGuarantorisbound(otherthanthatresultingfromborrowingfundstobeappliedto
makethedepositrequiredtoeffectsuchLegalDefeasanceorCovenantDefeasanceandanysimilarandsimultaneous
depositrelatingtootherIndebtednessand,ineachcase,thegrantingofLiensinconnectiontherewith)

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(6)theIssuershallhavedeliveredtotheTrusteeanOpinionofCounseltotheeffectthat,asofthedateofsuch
opinionandsubjecttocustomaryassumptionsandexclusionsfollowingthedeposit,thetrustfundswillnotbesubject
totheeffectofSection547oftheBankruptcyCode
(7)theIssuershallhavedeliveredtotheTrusteeanOfficersCertificatestatingthatthedepositwasnotmadebythe
Issuerwiththeintentofdefeating,hindering,delayingordefraudinganycreditorsoftheIssueroranyGuarantoror
othersand
(8)theIssuershallhavedeliveredtotheTrusteeanOfficersCertificateandanOpinionofCounsel(whichOpinion
ofCounselmaybesubjecttocustomaryassumptionsandexclusions)eachstatingthatallconditionsprecedent
providedfororrelatingtotheLegalDefeasanceortheCovenantDefeasance,asthecasemaybe,havebeencomplied
with.
Section8.05DepositedMoneyandGovernmentSecuritiestoBeHeldinTrustOtherMiscellaneousProvisions.
SubjecttoSection8.06hereof,allmoneyandGovernmentSecurities(includingtheproceedsthereof)depositedwiththe
Trustee(orotherqualifyingtrustee,collectivelyforpurposesofthisSection8.05,theTrustee)pursuanttoSection8.04
hereofinrespectoftheoutstandingNotesshallbeheldintrustandappliedbytheTrustee,inaccordancewiththeprovisions
ofsuchNotesandthisIndenture,tothepayment,eitherdirectlyorthroughanyPayingAgent(includingtheIssuerora
GuarantoractingasPayingAgent)astheTrusteemaydetermine,totheHoldersofsuchNotesofallsumsdueandtobecome
duethereoninrespectofprincipal,premiumandinterest(includingAdditionalInterest,ifany),butsuchmoneyneednotbe
segregatedfromotherfundsexcepttotheextentrequiredbylaw.
TheIssuershallpayandindemnifytheTrusteeagainstanytax,feeorotherchargeimposedonorassessedagainstthe
cashorGovernmentSecuritiesdepositedpursuanttoSection8.04hereofortheprincipalandinterestreceivedinrespect
thereofotherthananysuchtax,feeorotherchargewhichbylawisfortheaccountoftheHoldersoftheoutstandingNotes.
AnythinginthisArticle8tothecontrarynotwithstanding,theTrusteeshalldeliverorpaytotheIssuerfromtimetotime
upontherequestoftheIssueranymoneyorGovernmentSecuritiesheldbyitasprovidedinSection8.04hereofwhich,inthe
opinionofanationallyrecognizedfirmofindependentpublicaccountantsexpressedinawrittencertificationthereof
deliveredtotheTrustee(whichmaybetheopiniondeliveredunderSection8.04(1)hereof),areinexcessoftheamount
thereofthatwouldthenberequiredtobedepositedtoeffectanequivalentLegalDefeasanceorCovenantDefeasance.
Section8.06RepaymenttoIssuer.
Subjecttoanyapplicableabandonedpropertylaw,anymoneydepositedwiththeTrusteeoranyPayingAgent,orthen
heldbytheIssuer,intrustforthepaymentoftheprincipal,premiumandinterestonanyNoteandremainingunclaimedfor
twoyearsaftersuchprincipal,andpremiumandinteresthasbecomedueandpayableshallbepaidtotheIssueronitsrequest
or(ifthenheldbytheIssuer)shallbedischargedfromsuchtrustandtheHolderofsuchNoteshallthereafterlookonlytothe
Issuerforpaymentthereof,andallliabilityoftheTrusteeorsuchPayingAgentwithrespecttosuchtrustmoney,andall
liabilityoftheIssuerastrusteethereof,shallthereuponcease.

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Section8.07Reinstatement.
IftheTrusteeorPayingAgentisunabletoapplyanyUnitedStatesdollarsorGovernmentSecuritiesinaccordancewith
Section8.02or8.03hereof,asthecasemaybe,byreasonofanyorderorjudgmentofanycourtorgovernmentalauthority
enjoining,restrainingorotherwiseprohibitingsuchapplication,thentheIssuersobligationsunderthisIndentureandthe
NotesshallberevivedandreinstatedasthoughnodeposithadoccurredpursuanttoSection8.02or8.03hereofuntilsuch
timeastheTrusteeorPayingAgentispermittedtoapplyallsuchmoneyinaccordancewithSection8.02or8.03hereof,as
thecasemaybeprovidedthatiftheIssuermakesanypaymentofprincipal,premiumandinterestonanyNotefollowingthe
reinstatementofitsobligations,theIssuershallbesubrogatedtotherightsoftheHoldersofsuchNotestoreceivesuch
paymentfromthemoneyheldbytheTrusteeorPayingAgent.
ARTICLE9
AMENDMENT,SUPPLEMENTANDWAIVER
Section9.01WithoutConsentofHoldersofNotes.
NotwithstandingSection9.02ofthisIndenture,theIssuer,theGuarantorsandtheTrusteemayamendorsupplementthis
Indenture,theNotes,theGuaranteesoranySecurityDocumentatanytimeaftertheIssueDatewithouttheconsentofany
Holderto:
(1)cureanyambiguity,omission,mistake,defectorinconsistency
(2)provideforuncertificatedNotesofsuchseriesinadditiontoorinplaceofcertificatedNotes
(3)complywithSection5.01hereof
(4)providefortheassumptionoftheIssuersoranyGuarantorsobligationstotheHolders
(5)makeanychangethatwouldprovideanyadditionalrightsorbenefitstotheHoldersorthatdoesnotadversely
affectthelegalrightsunderthisIndentureofanysuchHolder
(6)addcovenantsforthebenefitoftheHoldersortosurrenderanyrightorpowerconferredupontheIssuerorany
Guarantor
(7)complywithrequirementsoftheSECinordertoeffectormaintainthequalificationofthisIndentureunderthe
TrustIndentureAct
(8)evidenceandprovidefortheacceptanceandappointmentunderthisIndentureofasuccessorTrusteethereunder
pursuanttotherequirementsthereof
(9)toprovidefortheissuanceofAdditionalNotesoradditionaldebtsecuritiesthatconstituteRequiredDebt
providedthatsuchAdditionalNotesoradditionaldebtsecuritiesareissuedincompliancewiththeprovisionsofthis
Indentureandsuchamendmentsorsupplementsarelimitedtochangesnecessaryorappropriateinordertoissuesuch
AdditionalNotesoradditionaldebtsecuritiesunderthisIndenture

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(10)toprovidefortheissuanceofExchangeNotesorprivateexchangenotesthatareidenticaltoExchangeNotes
exceptthattheyarenotfreelytransferable
(11)addaGuarantorunderthisIndenture
(12)conformthetextofthisIndenture,theGuarantees,theNotesoranySecurityDocumenttoanyprovisionofthe
DescriptionoftheFirstLienNotessectionoftheOfferingMemorandumtotheextentsuchprovisioninsuch
DescriptionoftheFirstLienNotessectionwasintendedtobeaverbatimrecitationofaprovisionofthisIndenture,
theGuarantees,theNotesoranySecurityDocument
(13)makeanyamendmenttotheprovisionsofthisIndenturerelatingtothetransferandlegendingofNotesas
permittedbythisIndenture,including,withoutlimitation,tofacilitatetheissuanceandadministrationoftheNotes
provided,however,that(i)compliancewiththisIndentureassoamendedwouldnotresultinNotesbeingtransferredin
violationoftheSecuritiesActoranyapplicablesecuritieslawand(ii)suchamendmentdoesnotmateriallyand
adverselyaffecttherightsofHolderstotransferNotes
(14)mortgage,pledge,hypothecateorgrantanyotherLieninfavoroftheTrusteeforthebenefitoftheHoldersof
theNotes,assecurityforthepaymentandperformanceofalloranyportionoftheObligations,inanypropertyorassets
or
(15)providefortheaccessionorsuccessionofanypartiestotheSecurityDocuments(andotheramendmentsthat
areadministrativeorministerialinnature)inconnectionwithanamendment,renewal,extension,substitution,
refinancing,restructuring,replacement,supplementingorothermodificationfromtimetotimeofanyagreementor
actionthatisnotprohibitedbythisIndenture,includingtoaddanyadditionalsecuredpartiestotheextentnot
prohibitedbythisIndenture.
UpontherequestoftheIssueraccompaniedbyaresolutionofitsBoardofDirectorsauthorizingtheexecutionofany
suchamendedorsupplementalindenture,anduponreceiptbytheTrusteeofthedocumentsdescribedinSections7.02and
13.04hereof,theTrusteeshalljoinwiththeIssuerandtheGuarantorsintheexecutionofanyamendedorsupplemental
indentureauthorizedorpermittedbythetermsofthisIndentureandtomakeanyfurtherappropriateagreementsand
stipulationsthatmaybethereincontained,buttheTrusteeshallnotbeobligatedtoenterintosuchamendedorsupplemental
indenturethataffectsitsownrights,dutiesorimmunitiesunderthisIndentureorotherwise.Notwithstandingtheforegoing,
noOpinionofCounselshallberequiredinconnectionwiththeadditionofaGuarantorunderthisIndentureuponexecution
anddeliverybysuchGuarantorandtheTrusteeofasupplementalindenturetothisIndenture,theformofwhichisattachedas
ExhibitDhereto,anddeliveryofanOfficersCertificate.
Section9.02WithConsentofHoldersofNotes.
ExceptasprovidedbelowinthisSection9.02,theIssuer,theGuarantorsandtheTrusteemayamendorsupplementthis
Indenture,theNotes,theGuaranteesandtheSecurityDocumentsrelatingtotheNoteswiththeconsentoftheRequired
HoldersofatleastamajorityinaggregateprincipalamountoftheRequiredDebtthenoutstandingvotingasasingleclass
(including,withoutlimitation,consentsobtainedinconnectionwithapurchaseof,ortenderofferorexchangeofferfor,the
RequiredDebt)and,subjecttoSections6.04and6.07hereof,anyexistingDefaultorEventofDefault(otherthanaDefaultor
EventofDefaultinthepaymentoftheprincipaloforpremiumorinterest(includingAdditionalInterest,ifany)ontheNotes,
exceptapaymentdefaultresultingfromanaccelerationthathasbeenrescinded)orcompliance

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withanyprovisionofthisIndenture,theNotes,theGuaranteesortheSecurityDocumentsrelatingtotheNotesmaybe
waivedwiththeconsentoftheRequiredHoldersofatleastamajorityinaggregateprincipalamountoftheRequiredDebt
thenoutstanding(includingconsentsobtainedinconnectionwithapurchaseof,ortenderofferorexchangeofferfor,the
RequiredDebt)otherthanRequiredDebtbeneficiallyownedbytheIssuerorEFIHsAffiliates.Section2.08hereofand
Section2.09hereofshalldeterminewhichNotesareconsideredtobeoutstandingforthepurposeofthisSection9.02.
UpontherequestoftheIssueraccompaniedbyaresolutionofitsBoardofDirectorsauthorizingtheexecutionofany
suchamendedorsupplementalindenture,anduponthefilingwiththeTrusteeofevidencesatisfactorytotheTrusteeofthe
consentoftheRequiredHoldersofatleastamajorityinaggregateprincipalamountoftheoutstandingRequiredDebtas
aforesaid,anduponreceiptbytheTrusteeofthedocumentsdescribedinSections7.02and13.04hereof,theTrusteeshall
joinwiththeIssuerintheexecutionofsuchamendedorsupplementalindentureunlesssuchamendedorsupplemental
indenturedirectlyaffectstheTrusteesownrights,dutiesorimmunitiesunderthisIndentureorotherwise,inwhichcasethe
Trusteemayinitsdiscretion,butshallnotbeobligatedto,enterintosuchamendedorsupplementalindenture.
ItshallnotbenecessaryfortheconsentoftheHoldersoftheNotesunderthisSection9.02toapprovetheparticularform
ofanyproposedamendmentorwaiver,butitshallbesufficientifsuchconsentapprovesthesubstancethereof.
Afteranamendment,supplementorwaiverunderthisSection9.02becomeseffective,theIssuershallmailtotheHolders
ofNotesaffectedtherebyanoticebrieflydescribingtheamendment,supplementorwaiver.AnyfailureoftheIssuertomail
suchnotice,oranydefecttherein,shallnot,however,inanywayimpairoraffectthevalidityofanysuchamendedor
supplementalindentureorwaiver.
WithouttheconsentofeachaffectedHolderofNotes,anamendmentorwaiverunderthisSection9.02maynot(with
respecttoanyNotesheldbyanonconsentingHolder):
(1)reducetheprincipalamountofsuchNoteswhoseHoldersmustconsenttoanamendment,supplementorwaiver
(2)reducetheprincipaloforchangethefixedfinalmaturityofanysuchNoteoralterorwaivetheprovisionswith
respecttotheredemptionofsuchNotes(fortheavoidanceofdoubt,theprovisionscontainedinandrelatingto
Section3.08,Section3.09,Section4.10andSection4.14hereofarenotredemptionsofNotes)
(3)reducetherateoforchangethetimeforpaymentofinterestonanyNote
(4)waiveaDefaultinthepaymentofprincipaloforpremium,ifany,orinterestontheNotes,exceptarescissionof
accelerationoftheNotesbytheRequiredHoldersofatleastamajorityinaggregateprincipalamountofthethen
outstandingRequiredDebtandawaiverofthepaymentdefaultthatresultedfromsuchacceleration,orinrespectofa
covenantorprovisioncontainedinthisIndentureoranyGuaranteewhichcannotbeamendedormodifiedwithoutthe
consentofallHolders
(5)makeanyNotepayableinmoneyotherthanthatstatedtherein
(6)makeanychangeintheprovisionsofthisIndenturerelatingtowaiversofpastDefaultsortherightsofHolders
toreceivepaymentsofprincipaloforpremium,ifany,orinterestontheNotes

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(7)makeanychangeintheseamendmentandwaiverprovisions
(8)impairtherightofanyHoldertoreceivepaymentofprincipal,orinterestonsuchHoldersNotesonorafterthe
duedatesthereforortoinstitutesuitfortheenforcementofanypaymentonorwithrespecttosuchHoldersNotes
(9)makeanychangetoormodifytherankingprovisionsofthisIndentureortheNotesthatwouldadverselyaffect
theHoldersor
(10)exceptasexpresslypermittedbythisIndenture,modifytheGuaranteesofanySignificantSubsidiaryinany
manneradversetotheHoldersoftheNotes.
Inaddition,withouttheconsentofatleastamajorityinaggregateprincipalamountoftheRequiredDebtthen
outstanding,anamendment,supplementorwaivermaynotmodifyanySecurityDocumentrelatingtotheNotesorthe
provisionsofthisIndenturedealingwiththeSecurityDocumentsorapplicationoftrustmoneysinanymannermaterially
adversetotheHoldersotherthaninaccordancewiththisIndentureandtheSecurityDocuments.Withouttheconsentofat
least66/ %inaggregateprincipalamountoftheRequiredDebtthenoutstanding,noamendment,supplementorwaivermay
modifytheSecurityDocumentstoreleaseallorsubstantiallyalloftheCollateralsecuringtheNotes.Withouttheconsentof
atleastamajorityinaggregateprincipalamountoftheRequiredDebtthenoutstanding,noamendment,supplementor
waivermaymodifytheSecurityDocumentstoreleaselessthanallorsubstantiallyalloftheCollateralsecuringtheNotes.
Section9.03CompliancewithTrustIndentureAct.
EveryamendmentorsupplementtothisIndentureortheNotesshallbesetforthinanamendedorsupplemental
indenturethatcomplieswiththeTrustIndentureActasthenineffect.
Section9.04RevocationandEffectofConsents.
Untilanamendment,supplementorwaiverbecomeseffective,aconsenttoitbyaHolderofaNoteisacontinuing
consentbytheHolderofaNoteandeverysubsequentHolderofaNoteorportionofaNotethatevidencesthesamedebtas
theconsentingHoldersNote,evenifnotationoftheconsentisnotmadeonanyNote.However,anysuchHolderofaNoteor
subsequentHolderofaNotemayrevoketheconsentastoitsNoteiftheTrusteereceiveswrittennoticeofrevocationbefore
thedatethewaiver,supplementoramendmentbecomeseffective.ExceptasprovidedinthelastparagraphofSection9.02
hereof,anamendment,supplementorwaiverbecomeseffectiveinaccordancewithitstermsandthereafterbindsevery
Holder.
TheIssuermay,butshallnotbeobligatedto,fixarecorddateforthepurposeofdeterminingtheHoldersentitledto
consenttoanyamendment,supplement,orwaiver.Ifarecorddateisfixed,then,notwithstandingtheprecedingparagraph,
thosePersonswhowereHoldersatsuchrecorddate(ortheirdulydesignatedproxies),andonlysuchPersons,shallbeentitled
toconsenttosuchamendment,supplement,orwaiverortorevokeanyconsentpreviouslygiven,whetherornotsuchPersons
continuetobeHoldersaftersuchrecorddate.Nosuchconsentshallbevalidoreffectiveformorethan120daysaftersuch
recorddateunlesstheconsentoftherequisitenumberofHoldershasbeenobtained.
Section9.05NotationonorExchangeofNotes.
TheTrusteemayplaceanappropriatenotationaboutanamendment,supplementorwaiveronanyNotethereafter
authenticated.TheIssuerinexchangeforallNotesmayissueandtheTrusteeshall,uponreceiptofanIssuerAuthentication
Order,authenticatenewNotesthatreflecttheamendment,supplementorwaiver.

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3
FailuretomaketheappropriatenotationorissueanewNoteshallnotaffectthevalidityandeffectofsuchamendment,
supplementorwaiver.
Section9.06TrusteetoSignAmendments,etc.
TheTrusteeshallsignanyamendment,supplementorwaiverauthorizedpursuanttothisArticle9iftheamendmentor
supplementdoesnotadverselyaffecttherights,duties,liabilitiesorimmunitiesoftheTrustee.TheIssuermaynotsignan
amendment,supplementorwaiveruntiltheBoardofDirectorsapprovesit.Inexecutinganyamendment,supplementor
waiver,theTrusteeshallbeentitledtoreceiveand(subjecttoSection7.01hereof)shallbefullyprotectedinrelyingupon,in
additiontothedocumentsrequiredbySection13.04hereof,anOfficersCertificateandanOpinionofCounselstatingthat
theexecutionofsuchamendedorsupplementalindentureisauthorizedorpermittedbythisIndentureandthatsuch
amendment,supplementorwaiveristhelegal,validandbindingobligationoftheIssuerandanyGuarantorspartythereto,
enforceableagainsttheminaccordancewithitsterms,subjecttocustomaryexceptions,andcomplieswiththeprovisions
hereof(includingSection9.03hereof).Notwithstandingtheforegoing,noOpinionofCounselshallberequiredforthe
TrusteetoexecuteanyamendmentorsupplementaddinganewGuarantorunderthisIndenture.
ARTICLE10
COLLATERALANDSECURITY
Section10.01EqualandRatableSharingofCollateralbyHoldersofParityLienDebt.
(a)Notwithstanding:
(1)anythingcontainedintheCollateralTrustAgreementorinanyotherSecurityDocument
(2)thetimeofincurrenceofanySeriesofParityLienDebt
(3)theorderormethodofattachmentorperfectionofanyLienssecuringanySeriesofParityLienDebt
(4)thetimeororderoffilingorrecordingoffinancingstatementsorotherdocumentsfiledorrecordedtoperfect
anyParityLienuponanyCollateral
(5)thetimeoftakingpossessionorcontroloveranyCollateral
(6)thatanyParityLienmaynothavebeenperfectedormaybeorhavebecomesubordinated,byequitable
subordinationorotherwise,toanyotherLienor
(7)therulesfordeterminingpriorityunderanylawgoverningrelativeprioritiesofLiens,
allParityLiensgrantedatanytimebyEFIHshallsecure,equallyandratably,allpresentandfutureParityLienObligations.

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(b)Section10.01(a)hereofisintendedforthebenefitof,andshallbeenforceableasathirdpartybeneficiaryby,each
presentandfutureholderofParityLienObligations,eachpresentandfutureParityLienRepresentativeandtheCollateral
TrusteeasholderofParityLiens.
Section10.02RankingofParityLiens.
(a)EFIHshallensurethattheJuniorLienDocumentsprovidethat,notwithstanding:
(1)anythingtothecontrarycontainedintheSecurityDocuments
(2)thetimeofincurrenceofanySeriesofParityLienDebt
(3)theorderormethodofattachmentorperfectionofanyLienssecuringanySeriesofParityLienDebt
(4)thetimeororderoffilingorrecordingoffinancingstatementsorotherdocumentsfiledorrecordedtoperfect
anyLienuponanyCollateral
(5)thetimeoftakingpossessionorcontroloveranyCollateral
(6)thatanyParityLienmaynothavebeenperfectedormaybeorhavebecomesubordinated,byequitable
subordinationorotherwise,toanyotherLienor
(7)therulesfordeterminingpriorityunderanylawgoverningrelativeprioritiesofLiens,
allJuniorLiensatanytimegrantedbyEFIHshallbesubjectandsubordinatetoallParityLienssecuringParityLien
Obligations.
(b)AllJuniorLienDocumentsshallprovidethattheprovisionsdescribedinSection10.02(a)hereofareintendedforthe
benefitof,andshallbeenforceableasathirdpartybeneficiaryby,eachpresentandfutureholderofParityLienObligations,
eachpresentandfutureParityLienRepresentativeandtheCollateralTrusteeasholderofParityLiens.
Section10.03RelativeRights.
(a)EFIHshallensurethatnothinginanyJuniorLienDocumentshall:
(1)impair,asbetweenEFIHandtheHoldersoftheNotes,theobligationofEFIHtopayprincipalofandpremium,if
any,andinterest(includingAdditionalInterest,ifany)ontheNotesinaccordancewiththeirtermsoranyother
obligationofEFIHunderthisIndenture
(2)affecttherelativerightsofHoldersofNotesasagainstanyothercreditorsofEFIH(otherthanholdersofJunior
LiensorotherParityLiens)
(3)restricttherightofanyHolderofNotestosueforpaymentsthatarethendueandowing(butnotenforceany
judgmentinrespectthereofagainstanyCollateraltotheextentspecificallyprohibitedbytheprovisionsofthe
CollateralTrustAgreement)
(4)restrictorpreventanyHolderofNotesorholderofotherParityLienObligations,theCollateralTrusteeorany
otherPersonfromexercisinganyofitsrightsorremediesuponaDefaultorEventofDefaultnotspecificallyrestrictedor
prohibitedbytheprovisionsoftheCollateralTrustAgreementor

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(5)restrictorpreventanyHolderofNotesorholderofotherParityLienObligations,theTrustee,theCollateral
TrusteeoranyotherPersonfromtakinganylawfulactioninaninsolvencyorliquidationproceedingnotspecifically
restrictedorprohibitedbytheprovisionsoftheCollateralTrustAgreement.
Section10.04SecurityDocuments.
Thedueandpunctualpaymentoftheprincipalofandpremium,ifany,andinterest(includingAdditionalInterest,if
any)ontheNoteswhenandasthesameshallbedueandpayable,whetheronanInterestPaymentDate,atmaturity,by
acceleration,repurchase,redemptionorotherwise,andinterestontheoverdueprincipalofandpremium,ifany,andinterest
(includingAdditionalInterest,ifany)(totheextentpermittedbylaw),ontheNotesandperformanceofallotherObligations
ofEFIHtotheHoldersofNotesortheTrusteeunderthisIndentureandtheNotes,accordingtothetermshereunderor
thereunder,aresecuredasprovidedinthePledgeAgreementandtheCollateralTrustAgreement.EachHolderofNotes,byits
acceptancethereof,consentsandagreestothetermsofthePledgeAgreementandCollateralTrustAgreement(including,
withoutlimitation,theprovisionsprovidingforforeclosureandreleaseofCollateral)asthesamemaybeineffectormaybe
amendedfromtimetotimeinaccordancewiththeirtermsandauthorizesanddirectstheCollateralTrusteeand/ortheTrustee
(asthecasemaybe)toenterintothePledgeAgreement,theCollateralTrustAgreementandanyotherSecurityDocumentand
toperformitsobligationsandexerciseitsrightsthereunderinaccordancetherewith.
EFIH,atitsownexpense,shalldelivertotheTrusteecopiesofalldocumentsdeliveredtotheCollateralTrustee
pursuanttothePledgeAgreementandCollateralTrustAgreement,andshalldoorcausetobedoneallsuchactsandthingsas
maybenecessaryorproper,orasmayberequiredbytheprovisionsofthePledgeAgreementortheCollateralTrust
Agreement,toassureandconfirmtotheTrusteeandtheCollateralTrusteethesecurityinterestintheCollateralcontemplated
hereby,bythePledgeAgreementoranypartthereof,asfromtimetotimeconstituted,soastorenderthesameavailablefor
thesecurityandbenefitofthisIndentureandoftheNotessecuredhereby,accordingtotheintentandpurposesherein
expressed.SubjecttothetermsofthePledgeAgreement,EFIH,atitsownexpense,shalltake,uponrequestoftheTrustee,any
andallactionsreasonablyrequiredtocausethePledgeAgreementtocreateandmaintain,assecurityfortheObligationsof
EFIHhereunder,avalidandenforceableperfectedLieninandonalltheCollateral,infavoroftheCollateralTrusteeforthe
benefitoftheHoldersofNotesandfuturepermittedParityLienObligations,superiortoandpriortotherightsofallthird
PersonsandsubjecttonootherLiensotherthanPermittedLiensandotherLienspermittedpursuanttoSection4.12hereof.
Section10.05RecordingandOpinions.
TheIssuershallcomplywiththeprovisionsofTIA314(b)(including,withoutlimitation,theprovisionofaninitialand
annualOpinionofCounselunderTIA314(b)).TotheextenttheIssuerisrequiredtofurnishtotheTrusteeanOpinionof
CounselpursuanttoTIA314(b)(2),theIssuershallfurnishsuchopinionnotmorethan60butnotlessthan30dayspriorto
eachDecember31.
Section10.06ReleaseofCollateral.
(a)TheCollateralTrusteesLiensupontheCollateralshallnolongersecuretheNotesandGuaranteesoutstandingunder
thisIndentureoranyotherObligationsunderthisIndenture,andtherightoftheHoldersoftheNotesandsuchObligationsto
thebenefitsandproceedsoftheCollateralTrusteesLiensontheCollateralshallterminateandbedischarged:
(1)uponsatisfactionanddischargeofthisIndentureinaccordancewithArticle12hereof

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(2)uponaLegalDefeasanceorCovenantDefeasanceoftheNotesinaccordancewithArticle8hereof
(3)uponpaymentinfulloftheNotesandallotherNoteObligationsthatareoutstanding,dueandpayableatthe
timetheNotesarepaidinfull
(4)inwholeorinpart,withtheconsentoftheRequiredHoldersoftheRequiredDebtinaccordancewith
Section9.02hereof
(5)inwholeorinpart,withtheconsentoftheholdersoftherequisitepercentageofSecuredLienDebtand/or
ParityLienDebtinaccordancewiththeprovisionssetforthintheSecurityDocuments,andupondeliveryof
instructionsandanyotherdocumentation,ineachcaseasrequiredbythisIndentureandtheSecurityDocuments,ina
formsatisfactorytotheCollateralTrusteeor
(6)inwholeorinpartastheresultofasale,transferorotherdispositioninanytransactionorothercircumstance
thatisnotprohibitedbythisIndentureoranyapplicableSecuredDebtDocument,atthetimeof,orimmediatelypriorto,
suchsale,transferorotherdispositionprovidedthatEFIHshallhavedeliveredanOfficersCertificatetotheCollateral
Trusteecertifyingthatsuchsale,transferorotherdispositiondoesnotviolatethetermsofthisIndentureorany
applicableSecuredDebtDocument.
(b)Totheextentapplicable,theIssuershallcauseTIA313(b),relatingtoreports,andTIA314(d),relatingtothe
releaseofpropertyorsecuritiesorrelatingtothesubstitutionthereforeofanypropertyorsecuritiestobesubjectedtothe
LiencreatedbytheSecurityDocuments,tobecompliedwith.AnycertificateoropinionrequiredbyTIA314(d)maybe
madebyanOfficeroftheIssuerexceptincaseswhereTIA314(d)requiresthatsuchcertificateoropinionbemadebyan
independentPerson,whichPersonshallbeanindependentengineer,appraiserorotherexpertreasonablysatisfactorytothe
Trustee.NotwithstandinganythingtothecontraryinthisSection10.06(b),theIssuershallnotberequiredtocomplywithall
oranyportionofTIA314(d)ifitdetermines,ingoodfaithbasedonadviceofcounsel,thatunderthetermsofTIA314(d)
and/oranyinterpretationorguidanceastothemeaningthereofoftheSECanditsstaff,includingnoactionlettersor
exemptiveorders,alloranyportionofTIA314(d)isinapplicabletoreleasedCollateral.
(c)Totheextentapplicable,theIssuershallfurnishtotheTrusteeandtheCollateralTrustee,priortoeachproposed
releaseofCollateralpursuanttotheSecurityDocuments:
(1)alldocumentsrequiredbyTIA314(d)and
(2)anOpinionofCounseltotheeffectthatsuchaccompanyingdocumentsconstitutealldocumentsrequiredby
TIA314(d).

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Section10.07AuthorizationofActionstoBeTakenbytheTrusteeUndertheSecurityDocuments.
(a)SubjecttotheprovisionsoftheSecurityDocuments,theTrusteemay(butshallhavenoobligationto),initssole
discretionandwithouttheconsentoftheHoldersofNotes,direct,onbehalfoftheHoldersofNotes,theCollateralTrusteeto,
takeallactionsitdeemsnecessaryorappropriateinorderto:
(1)enforceanyofthetermsofthePledgeAgreementand
(2)collectandreceiveanyandallamountspayableinrespectoftheObligationsoftheIssuerhereunder.
(b)TheTrusteeshallhavepower(butshallhavenoobligation)todirect,onbehalfoftheHoldersoftheNotes,the
CollateralTrusteetoinstituteandmaintainsuchsuitsandproceedingsasitmaydeemexpedienttopreventanyimpairment
oftheCollateralbyanyactsthatmaybeunlawfulorinviolationofthePledgeAgreementorthisIndenture,andsuchsuits
andproceedingsastheTrusteemaydeemexpedienttopreserveorprotectitsinterestsandtheinterestsoftheHoldersof
NotesintheCollateral(includingpowertoinstituteandmaintainsuitsorproceedingstorestraintheenforcementofor
compliancewithanylegislativeorothergovernmentalenactment,ruleororderthatmaybeunconstitutionalorotherwise
invalidiftheenforcementof,orcompliancewith,suchenactment,ruleororderwouldimpairthesecurityinteresthereunder
orbeprejudicialtotheinterestsoftheHoldersofNotesoroftheTrustee).
Section10.08AuthorizationofReceiptofFundsbytheTrusteeunderthePledgeAgreement.
TheTrusteeisauthorizedtoreceiveanyfundsforthebenefitoftheHoldersofNotesdistributedunderthePledge
Agreementand/ortheCollateralTrustAgreement,andtomakefurtherdistributionsofsuchfundstotheHoldersofNotes
accordingtotheprovisionsofthisIndenture.
Section10.09LienSharingandPriorityConfirmation.
TheTrusteeagreesforitselfandonbehalfoftheHoldersoftheNotes,andbyholdingNoteseachsuchHoldershallbe
deemedtoagree:
(a)fortheenforceablebenefitofallholdersofeachexistingandfutureSeriesofParityLienDebtandeachexisting
andfutureParityLienRepresentative,thatallParityLienObligationsshallbeandaresecuredequallyandratablybyall
ParityLiensatanytimegrantedbytheIssueroranyGuarantortosecureanyObligationsinrespectofthisIndenture,the
NotesandanyGuarantees,andthatallsuchParityLiensshallbeenforceablebytheCollateralTrusteeforthebenefitof
allholdersofParityLienObligationsequallyandratably
JuniorLienDebt,andeachexistingandfutureParityLienRepresentativeandJuniorLienRepresentative,thatthe
holdersofObligationsinrespectofthisIndenture,theNotesandtheGuaranteesareboundbytheprovisionsofthe
CollateralTrustAgreement,includingtheprovisionsrelatingtotherankingofParityLiensandtheorderofapplication
ofproceedsfromenforcementofParityLiensand

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(c)toconsenttoanddirecttheCollateralTrusteetoperformitsobligationsundertheCollateralTrustAgreementandthe
otherSecurityDocumentsinrespectofthisIndenture,theNotesandtheGuarantees.
Section10.10Voting.
InconnectionwithanymatterundertheCollateralTrustAgreementrequiringavoteofholdersofSecuredLienDebt,
theHoldersshallcasttheirvotesinaccordancewiththisIndenture.TheamountoftheNotestobevotedbytheHoldersshall
equaltheaggregateoutstandingprincipalamountoftheNotesoutstandingatthetimeofsuchvote.Followingandin
accordancewiththeoutcomeoftheapplicablevoteunderthisIndenture,theTrusteeshallvotethetotalamountoftheNotes
asablockinrespectofanyvoteundertheCollateralTrustAgreement.
Section10.11LimitationonDutyofTrusteeinRespectofCollateralIndemnification.
(a)Beyondtheexerciseofreasonablecareinthecustodythereof,theTrusteeshallhavenodutyastoanyCollateralin
itspossessionorcontrolorinthepossessionorcontrolofanyagentorbaileeoranyincomethereonorastopreservationof
rightsagainstpriorpartiesoranyotherrightspertainingtheretoandtheTrusteeshallnotberesponsibleforfilingany
financingorcontinuationstatementsorrecordinganydocumentsorinstrumentsinanypublicofficeatanytimeortimesor
otherwiseperfectingormaintainingtheperfectionofanysecurityinterestintheCollateral.TheTrusteeshallbedeemedto
haveexercisedreasonablecareinthecustodyoftheCollateralinitspossessioniftheCollateralisaccordedtreatment
substantiallyequaltothatwhichitaccordsitsownpropertyandshallnotbeliableorresponsibleforanylossordiminution
inthevalueofanyoftheCollateral,byreasonoftheactoromissionofanycarrier,forwardingagencyorotheragentorbailee
selectedbytheTrusteeingoodfaith.
(b)TheTrusteeshallnotberesponsiblefortheexistence,genuinenessorvalueofanyoftheCollateralorforthe
validity,perfection,priorityorenforceabilityoftheLiensinanyoftheCollateral,whetherimpairedbyoperationoflaworby
reasonofanyactionoromissiontoactonitsparthereunder,excepttotheextentsuchactionoromissionconstitutesgross
negligence,badfaithorwillfulmisconductonthepartoftheTrustee,forthevalidityorsufficiencyoftheCollateralorany
agreementorassignmentcontainedtherein,forthevalidityofthetitleoftheIssuertotheCollateral,forinsuringthe
Collateralorforthepaymentoftaxes,charges,assessmentsorLiensupontheCollateralorotherwiseastothemaintenanceof
theCollateral.TheTrusteeshallhavenodutytoascertainorinquireastotheperformanceorobservanceofanyoftheterms
ofthisIndenture,theCollateralTrustAgreementortheSecurityDocumentsbytheIssuer,anyGuarantors,theSecuredDebt
RepresentativesortheCollateralTrustee.
Section10.12AssetSaleCashCollateralAccount.
EFIHshallestablishanAssetSaleCashCollateralAccountwiththeCollateralTrusteepriortoanyAssetSaleof
CollateralorotherOncorrelatedAssets.TheCollateralTrusteeshallhavesoledominionandcontroloveranyAssetSale
CashCollateralAccountandEFIHshallnothaveanyrighttowithdrawfundsfromsuchAssetSaleCashCollateralAccount,
exceptinaccordancewiththeprovisionsofthisSection10.12andSection4.10hereof.AnyAssetSaleCashCollateral
Accountshallbeasecuritiesaccount,asdefinedintheUniformCommercialCode.TheCollateralTrusteeshallhavenoduty
toinquireastowhetheranyfundsdepositedintoanAssetSaleCashCollateralAccountareentitledtobesodepositedand
mayconclusivelyassumethatanysuchdepositbyoronbehalfofEFIHisproper.PriortotheoccurrenceofanEventof
Default,EFIHshallhavetherighttodirectinvestmentofthefundsheldinanAssetSaleCashCollateralAccountorthe
liquidationofanysuchinvestmentsprovided,however,thatanysuchinvestmentshallonlybepermittedtotheextentitisin
theformofCash

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Equivalents.Anyinvestmentdirectionordirectionastotheliquidationofinvestmentsshallbeinwritingandsignedbyan
OfficerofEFIH,shallspecifytheparticularinvestmenttobemadeorliquidatedandshallstatethatanyinvestmentor
liquidationtobemadeinaccordancewithsuchdirectionispermittedhereby.TheCollateralTrusteeshallhavenoliability
foranylossesincurredinconnectionwiththemakingorliquidationofanyinvestmentinaccordancewiththisSection10.12.
Anyinvestmentinafundreferredtoinclause(8)ofthedefinitionofCashEquivalentsmayincludemoneymarketfunds
withrespecttowhichtheCollateralTrusteeoranAffiliateoftheCollateralTrusteeactsasaninvestmentmanageroradvisor
andwithrespecttowhichitmayreceivefeesfortheadministration.ThefundsheldinanAssetSaleCashCollateralAccount
shallbereleasedinaccordancewithclauses(1)and/or(2)ofSection4.10(f)hereof.Suchfundsshallalsobereleasedto
repurchaseNotesandtomakerelatedpaymentsinconnectionwithaCollateralAssetSaleOfferpursuanttoSection4.10(h)
hereofand/oruponconsummationofanyCollateralAssetSaleOffer,whetherornotanyCollateralExcessProceedsremain.
TheIssuershalldelivertotheTrusteeandtheCollateralTrusteeanOfficersCertificatestatingthatsuchreleasewas
permittedbySection4.10hereof,exceptinthecaseofthepaymentofscheduledinterestpaymentsontheNotesand/orother
ParityLienObligationsinaccordancewithSection4.10(f).
Section10.13CollateralTrusteeaThirdPartyBeneficiary.
ThisArticle10isintendedforthebenefitof,andshallbeenforceableasathirdpartybeneficiaryby,theCollateral
TrusteeasholderofParityLiens.
ARTICLE11
GUARANTEES
Section11.01Guarantee.
SubjecttothisArticle11,eachoftheGuarantorshereby,jointlyandseverally,fullyandunconditionallyguaranteesto
eachHolderofaNoteauthenticatedanddeliveredbytheTrusteeandtotheTrusteeanditssuccessorsandassigns,
irrespectiveofthevalidityandenforceabilityofthisIndenture,theNotesortheobligationsoftheIssuerhereunderor
thereunder,that:(a)theprincipalofandpremium,ifany,andinterestontheNotesshallbepromptlypaidinfullwhendue,
whetheratmaturity,byacceleration,redemptionorotherwise,andinterestontheoverdueprincipalandinterest(including
AdditionalInterest,ifany)ontheNotes,ifany,iflawful,andallotherobligationsoftheIssuertotheHoldersortheTrustee
hereunderorthereundershallbepromptlypaidinfullorperformed,allinaccordancewiththetermshereofandthereofand
(b)incaseofanyextensionoftimeofpaymentorrenewalofanyNotesoranyofsuchotherobligations,thatsameshallbe
promptlypaidinfullwhendueorperformedinaccordancewiththetermsoftheextensionorrenewal,whetheratstated
maturity,byaccelerationorotherwise.Failingpaymentwhendueofanyamountsoguaranteedoranyperformanceso
guaranteedforwhateverreason,theGuarantorsshallbejointlyandseverallyobligatedtopaythesameimmediately.Each
Guarantoragreesthatthisisaguaranteeofpaymentandnotaguaranteeofcollection.
TheGuarantorsherebyagreethattheirobligationshereundershallbeunconditional,irrespectiveofthevalidity,
regularityorenforceabilityoftheNotesorthisIndenture,theabsenceofanyactiontoenforcethesame,anywaiveror
consentbyanyHolderoftheNoteswithrespecttoanyprovisionshereoforthereof,therecoveryofanyjudgmentagainstthe
Issuer,anyactiontoenforcethesameoranyothercircumstancewhichmightotherwiseconstitutealegalorequitable
dischargeordefenseofaguarantor.EachGuarantorherebywaivesdiligence,presentment,demandofpayment,filingof
claimswithacourtintheeventofinsolvencyorbankruptcyoftheIssuer,anyrighttorequireaproceedingfirstagainstthe
Issuer,protest,noticeandalldemandswhatsoeverandcovenantsthatthisGuaranteeshallnotbedischargedexceptby
completeperformanceoftheobligationscontainedintheNotesandthisIndenture.

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EachGuarantoralsoagreestopayanyandallcostsandexpenses(includingreasonableattorneysfees)incurredbythe
TrusteeoranyHolderinenforcinganyrightsunderthisSection11.01.
IfanyHolderortheTrusteeisrequiredbyanycourtorotherwisetoreturntotheIssuer,anyoftheGuarantors,orany
custodian,trustee,liquidatororothersimilarofficialactinginrelationtoeithertheIssueroranyoftheGuarantors,any
amountpaideithertotheTrusteeorsuchHolder,thisGuarantee,totheextenttheretoforedischarged,shallbereinstatedin
fullforceandeffect.
EachGuarantoragreesthatitshallnotbeentitledtoanyrightofsubrogationinrelationtotheHoldersinrespectofany
obligationsguaranteedherebyuntilpaymentinfullofallobligationsguaranteedhereby.EachGuarantorfurtheragreesthat,
asbetweentheGuarantors,ontheonehand,andtheHoldersandtheTrustee,ontheotherhand,(x)thematurityofthe
obligationsguaranteedherebymaybeacceleratedasprovidedinArticle6hereofforthepurposesofthisGuarantee,
notwithstandinganystay,injunctionorotherprohibitionpreventingsuchaccelerationinrespectoftheobligations
guaranteedhereby,and(y)intheeventofanydeclarationofaccelerationofsuchobligationsasprovidedinArticle6hereof,
suchobligations(whetherornotdueandpayable)shallforthwithbecomedueandpayablebytheGuarantorsforthepurpose
ofthisGuarantee.TheGuarantorsshallhavetherighttoseekcontributionfromanynonpayingGuarantorsolongasthe
exerciseofsuchrightdoesnotimpairtherightsoftheHoldersundertheGuarantees.
EachGuaranteeshallremaininfullforceandeffectandcontinuetobeeffectiveshouldanypetitionbefiledbyor
againsttheIssuerforliquidation,reorganization,shouldtheIssuerbecomeinsolventormakeanassignmentforthebenefitof
creditorsorshouldareceiverortrusteebeappointedforalloranysignificantpartoftheIssuersassets,andshall,tothe
fullestextentpermittedbylaw,continuetobeeffectiveorbereinstated,asthecasemaybe,ifatanytimepaymentand
performanceoftheNotesare,pursuanttoapplicablelaw,rescindedorreducedinamount,ormustotherwiseberestoredor
returnedbyanyobligeeontheNotesorGuarantees,whetherasavoidablepreference,fraudulenttransferorotherwise,all
asthoughsuchpaymentorperformancehadnotbeenmade.Intheeventthatanypaymentoranypartthereof,isrescinded,
reduced,restoredorreturned,theNotesshall,tothefullestextentpermittedbylaw,bereinstatedanddeemedreducedonlyby
suchamountpaidandnotsorescinded,reduced,restoredorreturned.
IncaseanyprovisionofanyGuaranteeshallbeinvalid,illegalorunenforceable,thevalidity,legality,and
enforceabilityoftheremainingprovisionsshallnotinanywaybeaffectedorimpairedthereby.
TheGuaranteesshallrankequallyinrightofpaymentwithallexistingandfutureSeniorIndebtednessoftheGuarantor.
TheGuaranteesshallbeseniorinrightofpaymenttoallexistingandfutureSubordinatedIndebtednessofeachGuarantor.
EachpaymenttobemadebyaGuarantorinrespectofitsGuaranteeshallbemadewithoutsetoff,counterclaim,
reductionordiminutionofanykindornature.
Section11.02LimitationonGuarantorLiability.
EachGuarantor,andbyitsacceptanceofNotes,eachHolder,herebyconfirmsthatitistheintentionofallsuchparties
thattheGuaranteeofsuchGuarantornotconstituteafraudulenttransferorconveyanceforpurposesofBankruptcyLaw,the
UniformFraudulentConveyanceAct,theUniform

129
FraudulentTransferActoranysimilarfederalorstatelawtotheextentapplicabletoanyGuarantee.Toeffectuatethe
foregoingintention,theTrustee,theHoldersandtheGuarantorsherebyirrevocablyagreethattheobligationsofeach
Guarantorshallbelimitedtothemaximumamountasshall,aftergivingeffecttosuchmaximumamountandallother
contingentandfixedliabilitiesofsuchGuarantorthatarerelevantundersuchlawsandaftergivingeffecttoanycollections
from,rightstoreceivecontributionfromorpaymentsmadebyoronbehalfofanyotherGuarantorinrespectofthe
obligationsofsuchotherGuarantorunderthisArticle11,resultintheobligationsofsuchGuarantorunderitsGuaranteenot
constitutingafraudulentconveyanceorfraudulenttransferunderapplicablelaw.EachGuarantorthatmakesapaymentunder
itsGuaranteeshallbeentitleduponpaymentinfullofallguaranteedobligationsunderthisIndenturetoacontributionfrom
eachotherGuarantorinanamountequaltosuchotherGuarantorsprorataportionofsuchpaymentbasedontherespective
netassetsofalltheGuarantorsatthetimeofsuchpaymentdeterminedinaccordancewithGAAP.
Section11.03ExecutionandDelivery.
ToevidenceitsGuaranteesetforthinSection11.01hereof,eachGuarantorherebyagreesthatthisIndentureshallbe
executedonbehalfofsuchGuarantorbyanOfficerorpersonholdinganequivalenttitle.
EachGuarantorherebyagreesthatitsGuaranteesetforthinSection11.01hereofshallremaininfullforceandeffect
notwithstandingtheabsenceoftheendorsementofanynotationofsuchGuaranteeontheNotes.
IfanOfficerwhosesignatureisonthisIndenturenolongerholdsthatofficeatthetimetheTrusteeauthenticatesthe
Note,theGuaranteeshallbevalidnevertheless.
ThedeliveryofanyNotebytheTrustee,aftertheauthenticationthereofhereunder,shallconstituteduedeliveryofthe
GuaranteesetforthinthisIndentureonbehalfoftheGuarantors.
IfrequiredbySection4.15hereof,theIssuershallcauseanynewlycreatedoracquiredRestrictedSubsidiarytocomply
withtheprovisionsofSection4.15hereofandthisArticle11,totheextentapplicable.
Section11.04Subrogation.
EachGuarantorshallbesubrogatedtoallrightsofHoldersofNotesagainsttheIssuerinrespectofanyamountspaidby
anyGuarantorpursuanttotheprovisionsofSection11.01hereofprovidedthat,ifanEventofDefaulthasoccurredandis
continuing,noGuarantorshallbeentitledtoenforceorreceiveanypaymentsarisingoutof,orbasedupon,suchrightof
subrogationuntilallamountsthendueandpayablebytheIssuerunderthisIndentureortheNotesshallhavebeenpaidin
full.
Section11.05BenefitsAcknowledged.
EachGuarantoracknowledgesthatitshallreceivedirectandindirectbenefitsfromthefinancingarrangements
contemplatedbythisIndentureandthattheguaranteeandwaiversmadebyitpursuanttoitsGuaranteeareknowinglymade
incontemplationofsuchbenefits.

130
Section11.06ReleaseofGuarantees
(a)AGuaranteebyaGuarantorshallbeautomaticallyandunconditionallyreleasedanddischarged,andnofurther
actionbysuchGuarantor,theIssuerortheTrusteeisrequiredforthereleaseofsuchGuarantorsGuarantee,upon:
(1)anysale,exchangeortransfer(bymerger,windup,consolidationorotherwise)oftheCapitalStockofsuch
Guarantor(includinganysale,exchangeortransfer),afterwhichtheapplicableGuarantorisnolongeraRestricted
SubsidiaryorsaleofallorsubstantiallyalltheassetsofsuchGuarantor,whichsale,exchangeortransferismadein
compliancewiththeapplicableprovisionsofthisIndenture
(2)thereleaseordischargeoftheguaranteebysuchGuarantorthatresultedinthecreationofsuchGuarantee,
exceptadischargeorreleasebyorasaresultofpaymentundersuchguarantee
(3)thedesignationofanyRestrictedSubsidiarythatisaGuarantorasanUnrestrictedSubsidiaryincompliance
withSection4.07hereofandthedefinitionofUnrestrictedSubsidiaryhereunderor
(4)theexercisebytheIssuerofitsLegalDefeasanceoptionorCovenantDefeasanceoptioninaccordancewith
Article8hereofortheIssuersobligationsunderthisIndenturebeingdischargedinaccordancewiththetermsofthis
Indenture
providedthatsuchGuarantorshallhavedeliveredtotheTrusteeanOfficersCertificateandanOpinionofCounsel,
eachstatingthatallconditionsprecedentprovidedforinthisIndenturerelatingtosuchtransactionhavebeencomplied
with.
ARTICLE12
SATISFACTIONANDDISCHARGE
Section12.01SatisfactionandDischarge.
ThisIndentureshallbedischargedandshallceasetobeoffurthereffectastoallNotes,wheneither:
(1)allNotestheretoforeauthenticatedanddelivered,exceptlost,stolenordestroyedNoteswhichhavebeen
replacedorpaidandNotesforwhosepaymentmoneyhastheretoforebeendepositedintrust,havebeendeliveredtothe
Trusteeforcancellationor
(2)(A)allNotesnottheretoforedeliveredtotheTrusteeforcancellationhavebecomedueandpayablebyreasonof
themakingofanoticeofredemptionorotherwise,shallbecomedueandpayablewithinoneyearormaybecalled
forredemptionwithinoneyearunderarrangementssatisfactorytotheTrusteeforthegivingofnoticeof
redemptionbytheTrusteeinthename,andattheexpense,oftheIssuer,andtheIssueroranyGuarantorhas
irrevocablydepositedorcausedtobedepositedwiththeTrusteeastrustfundsintrustsolelyforthebenefitofthe
HoldersoftheNotes,cashinU.S.dollars,GovernmentSecurities,oracombinationthereof,insuchamountsasshall
besufficientwithoutconsiderationofanyreinvestmentofinteresttopayanddischargetheentireindebtednesson
theNotesnottheretoforedeliveredtotheTrusteeforcancellationforprincipal,premium,ifany,andaccruedand
unpaidinteresttothedateofmaturityorredemption

131
(B)noDefault(otherthanthatresultingfromborrowingfundstobeappliedtomakesuchdepositandany
similarandsimultaneousdepositrelatingtootherIndebtednessand,ineachcase,thegrantingofLiensin
connectiontherewith)withrespecttothisIndentureortheNotesshallhaveoccurredandbecontinuingonthedate
ofsuchdepositorshalloccurasaresultofsuchdeposit,andsuchdepositshallnotresultinabreachorviolation
of,orconstituteadefault,underanymaterialagreementorinstrument(otherthanthisIndenture)towhichtheIssuer
oranyGuarantorisapartyorbywhichtheIssueroranyGuarantorisbound(otherthanthatresultingfrom
borrowingfundstobeappliedtomakesuchdepositandanysimilarandsimultaneousdepositrelatingtoother
Indebtednessandineachcase,thegrantingofLiensinconnectiontherewith)
(C)theIssuerhaspaidorcausedtobepaidallsumspayablebyitunderthisIndentureand
(D)theIssuerhasdeliveredirrevocableinstructionstotheTrusteetoapplythedepositedmoneytowardthe
paymentoftheNotesatmaturityortheRedemptionDate,asthecasemaybe.
Inaddition,theIssuermustdeliveranOfficersCertificateandanOpinionofCounseltotheTrusteestatingthatall
conditionsprecedenttosatisfactionanddischargehavebeensatisfied.
NotwithstandingthesatisfactionanddischargeofthisIndenture,ifmoneyshallhavebeendepositedwiththeTrustee
pursuanttosubclause(A)ofclause(2)ofthisSection12.01,theprovisionsofSection12.02andSection8.06hereofshall
survive.
Section12.02ApplicationofTrustMoney.
SubjecttotheprovisionsofSection8.06hereof,allmoneydepositedwiththeTrusteepursuanttoSection12.01hereof
shallbeheldintrustandappliedbyit,inaccordancewiththeprovisionsoftheNotesandthisIndenture,tothepayment,
eitherdirectlyorthroughanyPayingAgent(includingtheIssueractingasitsownPayingAgent)astheTrusteemay
determine,tothePersonsentitledthereto,oftheprincipal(andpremium,ifany)andinterest(includingAdditionalInterest,if
any)forwhosepaymentsuchmoneyhasbeendepositedwiththeTrusteebutsuchmoneyneednotbesegregatedfromother
fundsexcepttotheextentrequiredbylaw.
IftheTrusteeorPayingAgentisunabletoapplyanymoneyorGovernmentSecuritiesinaccordancewithSection12.01
hereofbyreasonofanylegalproceedingorbyreasonofanyorderorjudgmentofanycourtorgovernmentalauthority
enjoining,restrainingorotherwiseprohibitingsuchapplication,theIssuersandanyGuarantorsobligationsunderthis
IndentureandtheNotesshallberevivedandreinstatedasthoughnodeposithadoccurredpursuanttoSection12.01hereof
providedthatiftheIssuerhasmadeanypaymentofprincipal,premium,ifany,andinterestonanyNotesbecauseofthe
reinstatementofitsobligations,theIssuershallbesubrogatedtotherightsoftheHoldersofsuchNotestoreceivesuch
paymentfromthemoneyorGovernmentSecuritiesheldbytheTrusteeorPayingAgent.

132
ARTICLE13
MISCELLANEOUS
Section13.01TrustIndentureActControls.
IfanyprovisionofthisIndenturelimits,qualifiesorconflictswiththedutiesimposedbyTrustIndentureAct318(c),
theimposeddutiesshallcontrol.
Section13.02Notices.
AnynoticeorcommunicationbytheIssuer,anyGuarantorortheTrusteetotheothersisdulygivenifinwritingand
deliveredinPersonorbyfirstclassmail(registeredorcertified,returnreceiptrequested),facsimiletransmissionorovernight
aircourierguaranteeingnextdaydelivery,totheothersaddress:
IftotheIssuerand/oranyGuarantor:
EnergyFutureIntermediateHoldingCompanyLLC
EnergyPlaza
1601BryanStreet
Dallas,Texas752013411
FacsimileNo.:(214)8126032
Attention:GeneralCounsel
and
Attention:Treasurer
and
EFIHFinanceInc.
EnergyPlaza
1601BryanStreet
or
Attention:Treasurer
Withacopyto:
SimpsonThacher&BartlettLLP
425LexingtonAvenue
NewYork,NewYork10017
Attention:EdwardP.TolleyIII
IftotheTrustee:
TheBankofNewYorkMellonTrustCompany,N.A.
CorporateTrustDivision
601TravisStreet16thFloor
Houston,TX77002
Attention:EFIHSeniorSecuredNotesTrustee

133
TosurrenderDefinitiveNotes:
c/oTheBankofNewYorkMellon
101BarclayStreet7East
NewYork,NY10286
Facsimileno.:(212)2981915
TheIssuer,anyGuarantor,ortheTrustee,bynoticetotheothers,maydesignateadditionalordifferentaddressesfor
subsequentnoticesorcommunications.
Allnoticesandcommunications(otherthanthosesenttoHolders)shallbedeemedtohavebeendulygiven:atthetime
deliveredbyhand,ifpersonallydeliveredfivecalendardaysafterbeingdepositedinthemailpostageprepaid,ifmailed
whenreceiptacknowledged,iftransmittedbyfacsimileandthenextBusinessDayaftertimelydeliverytothecourier,ifsent
byovernightaircourierguaranteeingnextdaydeliveryprovidedthatanynoticeorcommunicationdeliveredtotheTrustee
shallbedeemedeffectiveuponactualreceiptthereof.
AnynoticeorcommunicationtoaHoldershallbemailedbyfirstclassmail,certifiedorregistered,returnreceipt
requested,orbyovernightaircourierguaranteeingnextdaydeliverytoitsaddressshownontheregisterkeptbythe
Registrar.AnynoticeorcommunicationshallalsobesomailedtoanyPersondescribedinTrustIndentureAct313(c),to
theextentrequiredbytheTrustIndentureAct.FailuretomailanoticeorcommunicationtoaHolderoranydefectinitshall
notaffectitssufficiencywithrespecttootherHolders.
Ifanoticeorcommunicationismailedinthemannerprovidedabovewithinthetimeprescribed,itisdulygiven,
whetherornottheaddresseereceivesit.
IftheIssuermailsanoticeorcommunicationtoHolders,itshallmailacopytotheTrusteeandeachAgentatthesame
time.
Section13.03CommunicationbyHoldersofNoteswithOtherHoldersofNotes.
HoldersmaycommunicatepursuanttoTrustIndentureAct312(b)withotherHolderswithrespecttotheirrightsunder
thisIndentureortheNotes.TheIssuer,theTrustee,theRegistrarandanyoneelseshallhavetheprotectionofTrustIndenture
Act312(c).
Section13.04CertificateandOpinionastoConditionsPrecedent.
UponanyrequestorapplicationbytheIssueroranyoftheGuarantorstotheTrusteetotakeanyactionunderthis
Indenture,theIssuerorsuchGuarantor,asthecasemaybe,shallfurnishtotheTrustee:
(a)anOfficersCertificateinformandsubstancereasonablysatisfactorytotheTrustee(whichshallincludethe
statementssetforthinSection13.05hereof)statingthat,intheopinionofthesigners,allconditionsprecedentand
covenants,ifany,providedforinthisIndenturerelatingtotheproposedactionhavebeensatisfiedand

134
(b)anOpinionofCounselinformandsubstancereasonablysatisfactorytotheTrustee(whichshallincludethe
statementssetforthinSection13.05hereof)statingthat,intheopinionofsuchcounsel,allsuchconditionsprecedent
andcovenantshavebeensatisfied.
Section13.05StatementsRequiredinCertificateorOpinion.
EachcertificateoropinionwithrespecttocompliancewithaconditionorcovenantprovidedforinthisIndenture(other
thanacertificateprovidedpursuanttoSection4.04hereoforTrustIndentureAct314(a)(4))shallcomplywiththe
provisionsofTrustIndentureAct314(e)andshallinclude:
(a)astatementthatthePersonmakingsuchcertificateoropinionhasreadsuchcovenantorcondition
(b)abriefstatementastothenatureandscopeoftheexaminationorinvestigationuponwhichthestatementsor
opinionscontainedinsuchcertificateoropinionarebased
(c)astatementthat,intheopinionofsuchPerson,heorshehasmadesuchexaminationorinvestigationasis
necessarytoenablehimorhertoexpressaninformedopinionastowhetherornotsuchcovenantorconditionhasbeen
compliedwith(and,inthecaseofanOpinionofCounsel,maybelimitedtorelianceonanOfficersCertificateasto
mattersoffact)and
(d)astatementastowhetherornot,intheopinionofsuchPerson,suchconditionhasbeensatisfiedorsuch
covenanthasbeencompliedwith.
Section13.06RulesbyTrusteeandAgents.
TheTrusteemaymakereasonablerulesforactionbyoratameetingofHolders.TheRegistrarorPayingAgentmay
makereasonablerulesandsetreasonablerequirementsforitsfunctions.
Section13.07NoPersonalLiabilityofDirectors,Officers,EmployeesandStockholders.
Nopast,presentorfuturedirector,officer,employee,incorporatororstockholderoftheIssueroranyGuarantor,assuch,
shallhaveanyliabilityforanyobligationsoftheIssuerortheGuarantorsundertheNotes,thisIndenture,theGuarantees,the
RegistrationRightsAgreementoranySecurityDocumentorforanyclaimbasedon,inrespectof,orbyreasonof,such
obligationsortheircreation.EachHolderofNotesbyacceptingaNotewaivesandreleasesallsuchliability.Thewaiverand
releasearepartoftheconsiderationforissuanceoftheNotes.
Section13.08GoverningLaw.
THISINDENTURE,THENOTESANDTHEGUARANTEESSHALLBEGOVERNEDBY,ANDCONSTRUEDIN
ACCORDANCEWITH,THELAWSOFTHESTATEOFNEWYORK.
Section13.09WaiverofJuryTrial.
EACHOFTHEISSUER,THEGUARANTORSANDTHETRUSTEEHEREBYIRREVOCABLYWAIVES,TOTHE
FULLESTEXTENTPERMITTEDBYAPPLICABLELAW,ANYANDALLRIGHTTOTRIALBYJURYINANYLEGAL
PROCEEDINGARISINGOUTOFORRELATINGTOTHISINDENTURE,THENOTESORTHETRANSACTIONS
CONTEMPLATEDHEREBY.

135
Section13.10ForceMajeure.
InnoeventshalltheTrusteeberesponsibleorliableforanyfailureordelayintheperformanceofitsobligationsunder
thisIndenturearisingoutoforcausedby,directlyorindirectly,forcesbeyonditsreasonablecontrol,includingwithout
limitationstrikes,workstoppages,accidents,actsofwarorterrorism,civilormilitarydisturbances,nuclearornatural
catastrophesoractsofGod,andinterruptions,lossormalfunctionsofutilities,communicationsorcomputer(softwareor
hardware)services.
Section13.11NoAdverseInterpretationofOtherAgreements.
ThisIndenturemaynotbeusedtointerpretanyotherindenture,loanordebtagreementoftheIssueroritsRestricted
SubsidiariesorofanyotherPerson.Anysuchindenture,loanordebtagreementmaynotbeusedtointerpretthisIndenture.
Section13.12Successors.
AllagreementsoftheIssuerinthisIndentureandtheNotesshallbinditssuccessors.AllagreementsoftheTrusteeinthis
Indentureshallbinditssuccessors.AllagreementsofanyGuarantorinthisIndentureshallbinditssuccessors,exceptas
otherwiseprovidedinSection11.06hereof.
Section13.13Severability.
IncaseanyprovisioninthisIndentureorintheNotesshallbeinvalid,illegalorunenforceable,thevalidity,legalityand
Section13.14CounterpartOriginals.
ThepartiesmaysignanynumberofcopiesofthisIndenture.Eachsignedcopyshallbeanoriginal,butallofthem
togetherrepresentthesameagreement.
Section13.15TableofContents,Headings,etc.
TheTableofContents,CrossReferenceTableandheadingsoftheArticlesandSectionsofthisIndenturehavebeen
insertedforconvenienceofreferenceonly,arenottobeconsideredapartofthisIndentureandshallinnowaymodifyor
restrictanyofthetermsorprovisionshereof.
Section13.16QualificationofIndenture
TheIssuershallqualifythisIndentureundertheTrustIndentureActinaccordancewiththetermsandconditionsofthe
RegistrationRightsAgreementandshallpayallreasonablecostsandexpenses(includingattorneysfeesandexpensesfor
theIssuerandtheTrustee)incurredinconnectiontherewith,including,butnotlimitedto,costsandexpensesofqualification
ofthisIndentureandtheNotesandprintingthisIndentureandtheNotes.TheTrusteeshallbeentitledtoreceivefromthe
IssueranysuchOfficersCertificates,OpinionsofCounselorotherdocumentationasitmayreasonablyrequestinconnection
withanysuchqualificationofthisIndentureundertheTrustIndentureAct.
Section13.17RingFencingofOncor.
TheHoldersoftheNotes,byacceptingtheNotes,acknowledge(i)thelegalseparatenessoftheIssuerandanyGuarantor
fromtheOncorSubsidiaries,(ii)thatthelendersundertheOncorElectric

136
DeliveryFacilityandthenoteholdersunderOncorElectricDeliverysexistingdebtinstrumentshavelikelyadvancedfunds
thereunderinrelianceupontheseparatenessoftheOncorSubsidiariesfromtheIssuerandanyGuarantor,(iii)thattheOncor
SubsidiarieshaveassetsandliabilitiesthatareseparatefromthoseoftheIssuerandEFIHsotherSubsidiaries,(iv)thatthe
obligationsowingundertheNotesareobligationsandliabilitiesoftheIssuerandanyGuarantoronly,andarenotthe
obligationsorliabilitiesofanyOncorSubsidiary,(v)thattheHoldersoftheNotesshalllooksolelytotheIssuerandany
Guarantorandtheirassets,andnottoanyassets,ortothepledgeofanyassets,ownedbyanyOncorSubsidiary,forthe
repaymentofanyamountspayablepursuanttotheNotesandforsatisfactionofanyotherobligationsowingtotheHolders
underthisIndenture,theRegistrationRightsAgreementandanyrelateddocumentsand(vi)thatnoneoftheOncor
SubsidiariesshallbepersonallyliabletotheHoldersoftheNotesforanyamountspayable,oranyotherobligation,underthis
Indenture,theRegistrationRightsAgreementoranyrelateddocuments.
TheHoldersoftheNotes,byacceptingtheNotes,shallacknowledgeandagreethattheHoldersoftheNotesshallnot
(i)initiateanylegalproceedingtoprocuretheappointmentofanadministrativereceiveror(ii)instituteanybankruptcy,
reorganization,insolvency,windingup,liquidation,oranylikeproceedingunderapplicablelaw,againstanyOncor
Subsidiary,oragainstanyoftheOncorSubsidiariesassets.TheHoldersfurtheracknowledgeandagreethateachofthe
OncorSubsidiariesisathirdpartybeneficiaryoftheforegoingcovenantandshallhavetherighttospecificallyenforcesuch
covenantinanyproceedingatlaworinequity.

137
Datedasofthedatefirstabovewritten

ENERGYFUTUREINTERMEDIATEHOLDING
COMPANYLLC
By:

/s/AnthonyR.Horton
Name: AnthonyR.Horton
Title: SeniorVicePresidentandTreasurer
EFIHFINANCEINC.
By:

/s/AnthonyR.Horton
Name: AnthonyR.Horton
Title: SeniorVicePresidentandTreasurer
COMPANY,N.A.,asTrustee
By:

/s/JulieHoffmanRamos
Name: JulieHoffmanRamos
Title: VicePresident
[SignaturePagetoFirstLienIndenture]
EXHIBITA
[FaceofNote]
[InserttheGlobalNoteLegend,ifapplicablepursuanttotheprovisionsoftheIndenture]
[InsertthePrivatePlacementLegend,ifapplicablepursuanttotheprovisionsoftheIndenture]
[InserttheTaxLegend,ifapplicablepursuanttotheprovisionsoftheIndenture]
CUSIP:[]
ISIN:[]
[RULE144A][REGULATIONS]GLOBALNOTE
6.875%SeniorSecuredNotesdue2017

No.[R1][S1] [$]
ENERGYFUTUREINTERMEDIATEHOLDINGCOMPANYLLC
EFIHFINANCEINC.
promisetopaytoCEDE&CO.orregisteredassigns,theprincipalsum[setforthontheScheduleofExchangesofInterestsin
theGlobalNoteattachedhereto][of[]UnitedStatesDollars($[])]onAugust15,2017.
InterestPaymentDates:February15andAugust15,commencingFebruary15,2013
RecordDates:February1andAugust1
[SIGNATUREPAGEFOLLOWS]

Rule144ANoteCUSIP:29269QAE7
Rule144ANoteISIN:US29269QAE70
RegulationSNoteCUSIP:U29197AC1
RegulationSNoteISIN:USU29197AC19

A1
1
1
INWITNESSHEREOF,theIssuerhascausedthisinstrumenttobedulyexecuted.
Dated:,20

COMPANYLLC
By:

Name:
Title:
EFIHFINANCEINC.
By:

Name:
Title:
ThisisoneoftheNotesreferredtointhewithinmentionedIndenture:

By:

AuthorizedSignatory
Dated:,20

A2
[BackofNote]
CapitalizedtermsusedhereinshallhavethemeaningsassignedtothemintheIndenturereferredtobelowunless
otherwiseindicated.
(1)INTEREST.EnergyFutureIntermediateHoldingCompanyLLC,aDelawarelimitedliabilitycompany(EFIH),and
EFIHFinanceInc.,aDelawarecorporation(collectively,theIssuer),promisetopayinterestontheprincipalamountofthis
Noteat6.875%perannumfromAugust14,2012untilmaturityandshallpayAdditionalInterest,ifany,payablepursuantto
theRegistrationRightsAgreementreferredtobelow.TheIssuerwillpayinterest(includingAdditionalInterest,ifany)semi
annuallyinarrearsonFebruary15andAugust15ofeachyear,commencingonFebruary15,2013,orifanysuchdayisnota
BusinessDay,onthenextsucceedingBusinessDay(each,anInterestPaymentDate)withoutinterestaccruingonthe
amountthensopayablefromsuchdaythatisnotaBusinessDayuntilsuchBusinessDay.InterestontheNoteswillaccrue
fromthemostrecentdatetowhichinteresthasbeenpaidor,ifnointeresthasbeenpaid,fromandincludingthedateof
issuance.TheIssuerwillpayinterest(includingpostpetitioninterestinanyproceedingunderanyBankruptcyLaw)on
overdueprincipalandpremium,ifany,fromtimetotimeondemandattheinterestrateontheNotesitshallpayinterest
(includingpostpetitioninterestinanyproceedingunderanyBankruptcyLaw)onoverdueinstallmentsofinterest(including
AdditionalInterest,ifany)(withoutregardtoanyapplicablegraceperiods)fromtimetotimeondemandattheinterestrate
ontheNotes.Interestwillbecomputedonthebasisofa360dayyearcomprisedoftwelve30daymonths.
(2)METHODOFPAYMENT.TheIssuerwillpayinterestontheNotes(includingAdditionalInterest,ifany)tothePersons
whoareregisteredHoldersofNotesatthecloseofbusinessontheFebruary1orAugust1(whetherornotaBusinessDay),as
thecasemaybe,nextprecedingtheInterestPaymentDate,evenifsuchNotesarecanceledaftersuchRecordDateandonor
beforesuchInterestPaymentDate,exceptasprovidedinSection2.12oftheIndenturewithrespecttodefaultedinterest.
Paymentofinterest(includingAdditionalInterest,ifany)maybemadebycheckmailedtotheHoldersattheiraddressesset
forthintheregisterofHoldersprovidedthatpaymentbywiretransferofimmediatelyavailablefundswillberequiredwith
respecttoprincipalof,andpremium,ifany,andinterest(includingAdditionalInterest,ifany)on,allGlobalNotesandall
otherNotestheHoldersofwhichshallhaveprovidedwiretransferinstructionstotheIssuerorthePayingAgent.Such
paymentshallbeinsuchcoinorcurrencyoftheUnitedStatesofAmericaasatthetimeofpaymentislegaltenderfor
paymentofpublicandprivatedebts.
(3)PAYINGAGENTANDREGISTRAR.Initially,TheBankofNewYorkMellonTrustCompany,N.A.,theTrusteeunderthe
Indenture,willactasPayingAgentandRegistrar.TheIssuermaychangeanyPayingAgentorRegistrarwithoutnoticetothe
Holders.TheIssueroranyofitsSubsidiariesmayactinanysuchcapacity.
(4)INDENTURE.TheIssuerissuedtheNotesunderanIndenture,datedasofAugust14,2012(theIndenture),between
theIssuerandtheTrustee.ThisNoteisoneofadulyauthorizedissueofnotesoftheIssuerdesignatedasits6.875%Senior
SecuredNotesdue2017(theNotes).TheIssuershallbeentitledtoissueAdditionalNotespursuanttoSections2.01,4.09
and4.12oftheIndenture.ThetermsoftheNotesincludethosestatedintheIndentureandthosemadepartoftheIndenture
byreferencetotheTrustIndentureActof1939,asamended(theTrustIndentureAct).TheNotesaresubjecttoallsuch
terms,andHoldersarereferredtotheIndentureandtheTrustIndentureActforastatementofsuchterms.Totheextentany
provisionofthisNoteconflictswiththeexpressprovisionsoftheIndenture,theprovisionsoftheIndentureshallgovernand
becontrolling.

A3
(5)OPTIONALREDEMPTION.
(a)Exceptassetforthbelow,theIssuerwillnotbeentitledtoredeemNotesatitsoptionpriortoFebruary15,2015.
(b)AtanytimepriortoFebruary15,2015,theIssuermayredeemtheNotes,inwholeorinpart,uponnotlessthan
30normorethan60dayspriornoticemailedbyfirstclassmailtotheregisteredaddressofeachHolderofNotestobe
redeemedorotherwisedeliveredinaccordancewithproceduresofDTC,ataredemptionpriceequalto100%oftheprincipal
amountoftheNotesredeemedplustheApplicablePremium,plusaccruedandunpaidinterest(includingAdditionalInterest,
ifany)tothedateofredemption(theRedemptionDate),subjecttotherightofHoldersofNotesofrecordontherelevant
RecordDatetoreceiveinterestdueontherelevantInterestPaymentDate.
(c)FromandafterFebruary15,2015,theIssuermayredeemtheNotes,inwholeorinpart,uponnotlessthan30nor
morethan60dayspriornoticemailedbyfirstclassmailtotheregisteredaddressofeachHolderofNotestoberedeemedor
otherwisedeliveredinaccordancewiththeproceduresofDTC,attheredemptionprices(expressedaspercentagesofthe
principalamountoftheNotestoberedeemed)setforthbelow,plusaccruedandunpaidinterest(includingAdditional
Interest,ifany)totheapplicableRedemptionDate,subjecttotherightofHoldersofNotesofrecordontherelevantRecord
DatetoreceiveinterestdueontherelevantInterestPaymentDate,ifredeemedduringthetwelvemonthperiodbeginningon
February15ofeachoftheyearsindicatedbelow:

Year Percentage
2015 103.438%
2016 101.719%
2017 100.000%
(d)PriortoFebruary15,2015,theIssuermay,atitsoption,ononeormoreoccasions,redeemupto35%ofthe
aggregateprincipalamountofallNotesataredemptionpriceequalto106.875%oftheaggregateprincipalamountthereof,
plusaccruedandunpaidinterest(includingAdditionalInterest,ifany)totheRedemptionDate,subjecttotherightof
HoldersofNotestoberedeemedofrecordontherelevantRecordDatetoreceiveinterestdueontherelevantInterestPayment
Date,withthenetcashproceedsofoneormoreEquityOfferingsprovidedthatatleast50%ofthesumoftheoriginal
aggregateprincipalamountofInitialNotesandanyAdditionalNotesissuedundertheIndentureaftertheIssueDateremains
outstandingimmediatelyaftertheoccurrenceofeachsuchredemptionprovidedfurtherthateachsuchredemptionoccurs
within90daysofthedateofclosingofeachsuchEquityOffering.NoticeofanyredemptionuponanyEquityOfferingsmay
begivenpriortotheredemptionthereof,andanysuchredemptionornoticemay,attheIssuersdiscretion,besubjecttoone
ormoreconditionsprecedent,including,butnotlimitedto,completionoftherelatedEquityOffering.
(e)IftheIssuerredeemslessthanalloftheoutstandingNotes,theTrusteeshallselecttheNotestoberedeemedin
themannerdescribedunderSection3.02oftheIndenture.
(f)Anyredemptionpursuanttothisparagraph5shallbemadepursuanttotheprovisionsofSections3.01through
3.06oftheIndenture.
(6)MANDATORYREDEMPTION.TheIssuershallnotberequiredtomakemandatoryredemptionorsinkingfundpayments
withrespecttotheNotes.

A4
(7)NOTICEOFREDEMPTION.SubjecttoSection3.03oftheIndenture,noticeofredemptionwillbemailedbyfirstclass
mailatleast30daysbutnotmorethan60daysbeforetheRedemptionDate(exceptthatredemptionnoticesmaybemailedor
deliveredmorethan60dayspriortoaRedemptionDateifthenoticeisissuedinconnectionwithArticle8orArticle12of
theIndenture)toeachHolderwhoseNotesaretoberedeemedatitsregisteredaddressorotherwisedeliveredinaccordance
withtheproceduresofDTC.Notesindenominationslargerthan$2,000mayberedeemedinpartbutonlyinwholemultiples
of$1,000inexcessthereof,unlessalloftheNotesheldbyaHolderaretoberedeemed.OnandaftertheRedemptionDate
interestceasestoaccrueonNotesorportionsthereofcalledforredemption.
(8)OFFERSTOREPURCHASE.
(a)IfaChangeofControloccurs,theIssuershallmakeanoffer(aChangeofControlOffer)toeachHolderto
purchasealloranypart(equalto$2,000oranintegralmultipleof$1,000inexcessthereof)ofeachHoldersNotesata
purchasepriceequalto101%oftheaggregateprincipalamountthereofplusaccruedandunpaidinterest(including
AdditionalInterest,ifany)tothedateofpurchase(theChangeofControlPayment),subjecttotherightofHoldersofNotes
ofrecordontherelevantRecordDatetoreceiveinterestdueontherelevantInterestPaymentDate.TheChangeofControl
OffershallbemadeinaccordancewithSection4.14oftheIndenture.
(b)IfEFIHoranyofitsRestrictedSubsidiariesconsummatesanAssetSale(otherthananAssetSaleofCollateralor
otherOncorrelatedAssets),within10BusinessDaysofeachdatethattheaggregateamountofExcessProceedsexceeds
$200.0million,EFIHshallmakeanoffertoallHoldersoftheNotes,andifrequiredorpermittedbythetermsofanySenior
Indebtedness,totheholdersofsuchSeniorIndebtedness(anAssetSaleOffer),topurchasethemaximumaggregate
principalamountoftheNotesandsuchSeniorIndebtednessthatisaminimumof$2,000oranintegralmultipleof$1,000in
excessthereofthatmaybepurchasedoutoftheExcessProceedsatanofferpriceincashinanamountequalto100%ofthe
principalamountthereof,plusaccruedandunpaidinterest(includingAdditionalInterest,ifany)tothedatefixedforthe
closingofsuchoffer,inaccordancewiththeproceduressetforthintheIndenture.Totheextentthattheaggregateamountof
Notes,andsuchSeniorIndebtednesstenderedpursuanttoanAssetSaleOfferislessthantheExcessProceeds,EFIHmayuse
anyremainingExcessProceedsforgeneralcorporatepurposes,subjecttoothercovenantscontainedintheIndenture.Ifthe
aggregateprincipalamountofNotesorsuchSeniorIndebtednesssurrenderedbysuchholdersthereofexceedstheamountof
ExcessProceeds,theNotesandsuchSeniorIndebtednesswillbepurchasedonaproratabasisbasedontheaccretedvalueor
principalamountoftheNotesorsuchSeniorIndebtednesstendered.
(c)EFIHmay,atitsoption,makeanAssetSaleOfferusingproceedsfromanyAssetSaleatanytimeafter
consummationofsuchAssetSale(otherthananAssetSaleofCollateralorotherOncorrelatedAssets)providedthatsuch
AssetSaleOffershallbeinanaggregateamountofnotlessthan$25.0million.UponconsummationofsuchAssetSaleOffer,
anyNetProceedsnotrequiredtobeusedtopurchaseNotesshallnotbedeemedExcessProceeds.
(d)IfEFIHoranyofitsRestrictedSubsidiariesconsummatesanAssetSaleofCollateralorotherOncorrelated
Assets,within10BusinessDaysofeachdatethattheaggregateamountofCollateralExcessProceedsexceeds$200.0
million,EFIHand/oranyofEFIHsRestrictedSubsidiariesshallmakeanoffertoallHoldersoftheNotesand,ifrequiredor
permittedbythetermsofanyotherParityLienDebt,totheholdersofsuchotherParityLienDebt(andifrequiredor
permittedbythetermsofanyIndebtednessofEFHCorp.thatisguaranteedbyEFIHandconstitutesParityLienDebt,EFH
Corp.maymakeanoffertoallholdersofsuchIndebtedness)(aCollateralAssetSaleOffer),topurchasethemaximum
aggregateprincipalamountoftheNotesandsuchotherParityLienDebtthatisaminimumof$2,000oranintegralmultiple
of$1,000inexcessthereofthatmaybepurchasedoutoftheCollateralExcessProceedsatanofferpriceincashinanamount
equalto100%oftheprincipalamount

A5
thereof,plusaccruedandunpaidinterest(includingAdditionalInterest,ifany)tothedatefixedfortheclosingofsuchoffer,
inaccordancewiththetermsandproceduressetforthintheIndentureandtheotherapplicableSecuredDebtDocuments.To
theextentthattheaggregateamountofNotesandsuchotherParityLienDebttenderedpursuanttoaCollateralAssetSale
OfferislessthantheCollateralExcessProceeds,EFIHand/oranyofitsRestrictedSubsidiariesmayuseanyremaining
CollateralExcessProceedsforgeneralcorporatepurposes,subjecttoothercovenantscontainedintheIndentureandthe
termsofsuchotherParityLienDebt.IftheaggregateprincipalamountofNotesortheotherParityLienDebtsurrenderedby
suchholdersthereofexceedstheamountofCollateralExcessProceeds,theNotesandsuchotherParityLienDebtwillbe
purchasedonaproratabasisbasedontheaccretedvalueorprincipalamountoftheNotesorsuchotherParityLienDebt
tendered.
(e)TheIssuer(and,ifapplicable,EFHCorp.)may,atitsoption,makeaCollateralAssetSaleOfferusingproceeds
fromanyAssetSaleofCollateralorotherOncorrelatedAssetsatanytimeafterconsummationofsuchAssetSaleprovided
thatsuchCollateralAssetSaleOffershallbeinanaggregateamountofnotlessthan$25.0million.Uponconsummationof
suchCollateralAssetSaleOffer,anyNetProceedsnotrequiredtobeusedtopurchaseNotesshallnotbedeemedCollateral
ExcessProceedsandtheIssuerandEFIHsRestrictedSubsidiariesmayuseanyremainingNetProceedsforgeneralcorporate
purposes,subjecttotheothercovenantscontainedintheIndenture.
(9)DENOMINATIONS,TRANSFER,EXCHANGE.TheNotesareinregisteredformwithoutcouponsindenominationsof
$2,000andintegralmultiplesof$1,000inexcessthereof.ThetransferofNotesmayberegisteredandNotesmaybe
exchangedasprovidedintheIndenture.TheRegistrarandtheTrusteemayrequireaHolder,amongotherthings,tofurnish
appropriateendorsementsandtransferdocumentsandtheIssuermayrequireaHoldertopayanytaxesandfeesrequiredby
laworpermittedbytheIndenture.TheIssuerneednotexchangeorregisterthetransferofanyNotesorportionofNotes
selectedforredemption,exceptfortheunredeemedportionofanyNotesbeingredeemedinpart.Also,theIssuerneednot
exchangeorregisterthetransferofanyNotesforaperiodof15daysbeforeaselectionofNotestoberedeemed.
(10)PERSONSDEEMEDOWNERS.TheregisteredHolderofaNotemaybetreatedasitsownerforallpurposes.
(11)AMENDMENT,SUPPLEMENTANDWAIVER.TheIndenture,theGuaranteesortheNotesmaybeamendedor
supplementedasprovidedintheIndenture.
(12)DEFAULTSANDREMEDIES.TheEventsofDefaultrelatingtotheNotesaredefinedinSection6.01oftheIndenture.
IfanyEventofDefaultoccursandiscontinuing,theTrusteeortheRequiredHoldersofatleast30%inaggregateprincipal
amountofthethenoutstandingRequiredDebtmaydeclaretheprincipalofandpremium,ifany,interest(including
AdditionalInterest,ifany)andanyothermonetaryobligationsonallthethenoutstandingNotestobedueandpayable
immediately.Notwithstandingtheforegoing,inthecaseofanEventofDefaultarisingfromcertaineventsofbankruptcyor
insolvency,alloutstandingNoteswillbecomedueandpayableimmediatelywithoutfurtheractionornotice.Holdersmay
notenforcetheIndenture,theNotesortheGuaranteesexceptasprovidedintheIndenture.Subjecttocertainlimitations,
RequiredHoldersofamajorityinaggregateprincipalamountofthethenoutstandingRequiredDebtmaydirecttheTrustee
initsexerciseofanytrustorpower.TheTrusteemaywithholdfromHoldersoftheNotesnoticeofanycontinuingDefault
(exceptaDefaultrelatingtothepaymentofprincipal,premium,ifany,orinterest(includingAdditionalInterest,ifany))ifit
determinesthatwithholdingnoticeisintheirinterest.TheRequiredHoldersofamajorityinaggregateprincipalamountof
thethenoutstandingRequiredDebtbynoticetotheTrusteemayonbehalfoftheRequiredHoldersofalloftheRequired
DebtwaiveanyexistingDefaultoranditsconsequencesundertheIndentureexceptacontinuingDefaultinpaymentofthe
principaloforpremium,ifany,or

A6
interest(includingAdditionalInterest,ifany)on,anyoftheNotesheldbyanonconsentingHolder.EFIHisrequiredto
delivertotheTrusteeannuallyastatementregardingcompliancewiththeIndenture,andEFIHisrequiredwithinfive
BusinessDaysafterbecomingawareofanyDefault,todelivertotheTrusteeastatementspecifyingsuchDefaultandwhat
actiontheEFIHproposestotakewithrespectthereto.
(13)AUTHENTICATION.ThisNoteshallnotbeentitledtoanybenefitundertheIndentureorbevalidorobligatoryforany
purposeuntilauthenticatedbythemanualsignatureoftheTrustee.
(14)ADDITIONALRIGHTSOFHOLDERSOFRESTRICTEDGLOBALNOTESANDRESTRICTEDDEFINITIVENOTES.Inaddition
totherightsprovidedtoHoldersofNotesundertheIndenture,HoldersofRestrictedGlobalNotesandRestrictedDefinitive
NotesshallhavealltherightssetforthintheRegistrationRightsAgreement,datedasofAugust14,2012amongtheIssuer
andtheotherpartiesnamedonthesignaturepagesthereof(theRegistrationRightsAgreement),includingtherightto
receiveAdditionalInterest,ifany(asdefinedintheRegistrationRightsAgreement).
(15)GOVERNINGLAW.THEINDENTURE,THENOTESANDTHEGUARANTEESWILLBEGOVERNEDBY,AND
CONSTRUEDINACCORDANCEWITH,THELAWSOFTHESTATEOFNEWYORK.
(16)CUSIP/ISINNUMBERS.PursuanttoarecommendationpromulgatedbytheCommitteeonUniformSecurity
IdentificationProcedures,theIssuerhascausedCUSIP/ISINnumberstobeprintedontheNotesandtheTrusteemayuse
CUSIP/ISINnumbersinnoticesofredemptionasaconveniencetoHolders.Norepresentationismadeastotheaccuracyof
suchnumberseitherasprintedontheNotesorascontainedinanynoticeofredemptionandreliancemaybeplacedonlyon
theotheridentificationnumbersplacedthereon.
TheIssuerwillfurnishtoanyHolderuponwrittenrequestandwithoutchargeacopyoftheIndenture,theRegistration
RightsAgreementand/ortheSecurityDocuments.RequestsmaybemadetotheIssueratthefollowingaddress:
EnergyPlaza
1601BryanStreet
And
Attention:Treasurer
And
EFIHFinanceInc.
EnergyPlaza
1601BryanStreet
Or
Attention:Treasurer

A7
ASSIGNMENTFORM
ToassignthisNote,fillintheformbelow:

(I)or(we)assignandtransferthisNoteto:

(Insertassigneeslegalname)
(InsertassigneesSoc.Sec.ortaxI.D.no.)
(Printortypeassigneesname,addressandzipcode)
andirrevocablyappoint
totransferthisNoteonthebooksoftheIssuer.Theagentmaysubstituteanothertoactforhim.

Date:
YourSignature

(Signexactlyasyournameappearsonthefaceof
thisNote)
SignatureGuarantee :

* ParticipantinarecognizedSignatureGuaranteeMedallionProgram(orothersignatureguarantoracceptabletothe
Trustee).

A8
*
OPTIONOFHOLDERTOELECTPURCHASE
IfyouwanttoelecttohavethisNotepurchasedbytheIssuerpursuanttoSection4.10(d),4.10(h)or4.14ofthe
Indenture,checktheappropriateboxbelow:

Section4.10(d) Section4.10(h) Section4.14
IfyouwanttoelecttohaveonlypartofthisNotepurchasedbytheIssuerpursuanttoSection4.10(d),4.10(h)or
Section4.14oftheIndenture,statetheamountyouelecttohavepurchased:
$
Date:
YourSignature:

(Signexactlyasyournameappearsonthefaceof
thisNote)
TaxIdentificationNo.:
SignatureGuarantee :

* ParticipantinarecognizedSignatureGuaranteeMedallionProgram(orothersignatureguarantoracceptabletothe
Trustee).

A9
*
SCHEDULEOFEXCHANGESOFINTERESTSINTHEGLOBALNOTE
TheinitialoutstandingprincipalamountofthisGlobalNoteis$.ThefollowingexchangesofapartofthisGlobal
NoteforaninterestinanotherGlobalNoteorforaDefinitiveNote,orexchangesofapartofanotherGlobalorDefinitive
NoteforaninterestinthisGlobalNote,havebeenmade:

DateofExchange
Amountof
decreasein
PrincipalAmount
Amountofincrease
inPrincipal
Amountofthis
GlobalNote
PrincipalAmount
ofthisGlobalNote
followingeach
decreaseor
increase
Signatureof
authorizedofficer
ofTrusteeor
Custodian

A10
EXHIBITB
FORMOFCERTIFICATEOFTRANSFER

EnergyPlaza
1601BryanStreet
FacsimileNo.: (214)8126032
(214)8124097
EFIHFinanceInc.
EnergyPlaza
1601BryanStreet
(214)8124097
Houston,TX77002

Re: 6.875%SeniorSecuredNotesdue2017
ReferenceisherebymadetotheIndenture,datedasofAugust14,2012(theIndenture),amongEnergyFuture
IntermediateHoldingCompanyLLCandEFIHFinanceInc.andtheTrustee.Capitalizedtermsusedbutnotdefinedherein
shallhavethemeaningsgiventothemintheIndenture.
(theTransferor)ownsandproposestotransfertheNote[s]orinterestinsuchNote[s]specifiedinAnnexA
hereto,intheprincipalamountof$insuchNote[s]orinterests(theTransfer),to(theTransferee),asfurther
specifiedinAnnexAhereto.InconnectionwiththeTransfer,theTransferorherebycertifiesthat:
[CHECKALLTHATAPPLY]
1.CheckifTransfereewilltakedeliveryofabeneficialinterestinthe144AGlobalNoteoraDefinitiveNote
pursuanttoRule144A.TheTransferisbeingeffectedpursuanttoandinaccordancewithRule144AundertheUnitedStates
SecuritiesActof1933,asamended(theSecuritiesAct),and,accordingly,theTransferorherebyfurthercertifiesthatthe
beneficialinterestorDefinitiveNoteisbeingtransferredtoaPersonthattheTransferorreasonablybelievesispurchasingthe
beneficialinterestorDefinitiveNoteforitsownaccount,orforoneormoreaccountswithrespecttowhichsuchPerson
exercisessoleinvestmentdiscretion,andsuchPersonandeachsuchaccountisaqualifiedinstitutionalbuyerwithinthe
meaningofRule144AinatransactionmeetingtherequirementsofRule144AandsuchTransferisincompliancewithany
applicableblueskysecuritieslawsofanystateoftheUnitedStates.

B1
2.CheckifTransfereewilltakedeliveryofabeneficialinterestintheRegulationSGlobalNoteora
DefinitiveNotepursuanttoRegulationS.TheTransferisbeingeffectedpursuanttoandinaccordancewithRule903or
Rule904undertheSecuritiesActand,accordingly,theTransferorherebyfurthercertifiesthat(i)theTransferisnotbeing
madetoapersonintheUnitedStatesand(x)atthetimethebuyorderwasoriginated,theTransfereewasoutsidetheUnited
StatesorsuchTransferorandanyPersonactingonitsbehalfreasonablybelievedandbelievesthattheTransfereewasoutside
theUnitedStatesor(y)thetransactionwasexecutedin,onorthroughthefacilitiesofadesignatedoffshoresecuritiesmarket
andneithersuchTransferornoranyPersonactingonitsbehalfknowsthatthetransactionwasprearrangedwithabuyerinthe
UnitedStates,(ii)nodirectedsellingeffortshavebeenmadeincontraventionoftherequirementsofRule903(b)or
Rule904(b)ofRegulationSundertheSecuritiesAct,(iii)thetransactionisnotpartofaplanorschemetoevadethe
registrationrequirementsoftheSecuritiesActand(iv)iftheproposedtransferisbeingmadepriortotheexpirationofthe
RestrictedPeriod,thetransferisnotbeingmadetoaU.S.PersonorfortheaccountorbenefitofaU.S.Person(otherthanan
InitialPurchaser).UponconsummationoftheproposedtransferinaccordancewiththetermsoftheIndenture,thetransferred
beneficialinterestorDefinitiveNotewillbesubjecttotherestrictionsonTransferenumeratedintheIndentureandthe
SecuritiesAct.
3.CheckandcompleteifTransfereewilltakedeliveryofabeneficialinterestintheDefinitiveNotepursuant
toanyprovisionoftheSecuritiesActotherthanRule144AorRegulationS.TheTransferisbeingeffectedincompliance
withthetransferrestrictionsapplicabletobeneficialinterestsinRestrictedGlobalNotesandRestrictedDefinitiveNotesand
pursuanttoandinaccordancewiththeSecuritiesActandanyapplicableblueskysecuritieslawsofanystateoftheUnited
States,andaccordinglytheTransferorherebyfurthercertifiesthat(checkone):
(a)[]suchTransferisbeingeffectedpursuanttoandinaccordancewithRule144undertheSecuritiesAct
OR
(b)[]suchTransferisbeingeffectedtotheIssuerorasubsidiarythereof
OR
(c)[]suchTransferisbeingeffectedpursuanttoaneffectiveregistrationstatementundertheSecuritiesActandin
compliancewiththeprospectusdeliveryrequirementsoftheSecuritiesAct.
4.CheckifTransfereewilltakedeliveryofabeneficialinterestinanUnrestrictedGlobalNoteorofan
UnrestrictedDefinitiveNote.
(a)CheckifTransferisPursuanttoRule144.(i)TheTransferisbeingeffectedpursuanttoandinaccordancewith
Rule144undertheSecuritiesActandincompliancewiththetransferrestrictionscontainedintheIndentureandany
applicableblueskysecuritieslawsofanystateoftheUnitedStatesand(ii)therestrictionsontransfercontainedinthe
IndentureandthePrivatePlacementLegendarenotrequiredinordertomaintaincompliancewiththeSecuritiesAct.Upon
consummationoftheproposedTransferinaccordancewiththetermsoftheIndenture,thetransferredbeneficialinterestor
DefinitiveNotewillnolongerbesubjecttotherestrictionsontransferenumeratedinthePrivatePlacementLegendprinted
ontheRestrictedGlobalNotes,onRestrictedDefinitiveNotesandintheIndenture.
(b)CheckifTransferisPursuanttoRegulationS.(i)TheTransferisbeingeffectedpursuanttoandinaccordance
withRule903orRule904undertheSecuritiesActandincompliancewiththetransferrestrictionscontainedintheIndenture
andanyapplicableblueskysecuritieslawsofanystateoftheUnitedStatesand(ii)therestrictionsontransfercontainedin
theIndentureandthePrivate

B2
PlacementLegendarenotrequiredinordertomaintaincompliancewiththeSecuritiesAct.Uponconsummationofthe
proposedTransferinaccordancewiththetermsoftheIndenture,thetransferredbeneficialinterestorDefinitiveNotewillno
longerbesubjecttotherestrictionsontransferenumeratedinthePrivatePlacementLegendprintedontheRestrictedGlobal
Notes,onRestrictedDefinitiveNotesandintheIndenture.
(c)CheckifTransferisPursuanttoOtherExemption.(i)TheTransferisbeingeffectedpursuanttoandin
compliancewithanexemptionfromtheregistrationrequirementsoftheSecuritiesActotherthanRule144,Rule903or
Rule904andincompliancewiththetransferrestrictionscontainedintheIndentureandanyapplicableblueskysecurities
lawsofanyStateoftheUnitedStatesand(ii)therestrictionsontransfercontainedintheIndentureandthePrivatePlacement
LegendarenotrequiredinordertomaintaincompliancewiththeSecuritiesAct.Uponconsummationoftheproposed
TransferinaccordancewiththetermsoftheIndenture,thetransferredbeneficialinterestorDefinitiveNotewillnotbesubject
totherestrictionsontransferenumeratedinthePrivatePlacementLegendprintedontheRestrictedGlobalNotesor
RestrictedDefinitiveNotesandintheIndenture.
ThiscertificateandthestatementscontainedhereinaremadeforyourbenefitandthebenefitoftheIssuer.

[InsertNameofTransferor]
By:
Name:
Title:
Dated:

B3
ANNEXATOCERTIFICATEOFTRANSFER

1. TheTransferorownsandproposestotransferthefollowing:
[CHECKONEOF(a)OR(b)]

(a) abeneficialinterestinthe:

(i) 144AGlobalNote(CUSIP[][]),or

(ii) RegulationSGlobalNote(CUSIP[][]),or

(b) aRestrictedDefinitiveNote.

2. AftertheTransfertheTransfereewillhold:
[CHECKONE]

(a) abeneficialinterestinthe:

(i) 144AGlobalNote(CUSIP[][]),or

(ii) RegulationSGlobalNote(CUSIP[][]),or

(iii) UnrestrictedGlobalNote(CUSIP[][])
or

(b) aRestrictedDefinitiveNoteor

(c) anUnrestrictedDefinitiveNote,inaccordancewiththetermsoftheIndenture.

B4
EXHIBITC
FORMOFCERTIFICATEOFEXCHANGE

EnergyPlaza
1601BryanStreet
(214)8124097
EFIHFinanceInc.
EnergyPlaza
1601BryanStreet
(214)8124097
Houston,TX77002

Re: 6.875%SeniorSecuredNotesdue2017
ReferenceisherebymadetotheIndenture,datedasofAugust14,2012(theIndenture),amongEnergyFuture
IntermediateHoldingCompanyLLCandEFIHFinanceInc.andtheTrustee.Capitalizedtermsusedbutnotdefinedherein
shallhavethemeaningsgiventothemintheIndenture.
(theOwner)ownsandproposestoexchangetheNote[s]orinterestinsuchNote[s]specifiedherein,inthe
principalamountof$insuchNote[s]orinterests(theExchange).InconnectionwiththeExchange,theOwnerhereby
certifiesthat:
1.ExchangeofRestrictedDefinitiveNotesorBeneficialInterestsinaRestrictedGlobalNoteforUnrestricted
DefinitiveNotesorBeneficialInterestsinanUnrestrictedGlobalNote
(a)CheckifExchangeisfrombeneficialinterestinaRestrictedGlobalNotetobeneficialinterestinan
UnrestrictedGlobalNote.InconnectionwiththeExchangeoftheOwnersbeneficialinterestinaRestrictedGlobalNotefor
abeneficialinterestinanUnrestrictedGlobalNoteinanequalprincipalamount,theOwnerherebycertifies(i)thebeneficial
interestisbeingacquiredfortheOwnersownaccountwithouttransfer,(ii)suchExchangehasbeeneffectedincompliance
withthetransferrestrictionsapplicabletotheGlobalNotesandpursuanttoandinaccordancewiththeUnitedStates
SecuritiesActof1933,asamended(theSecuritiesAct),(iii)therestrictionsontransfercontainedintheIndentureandthe
PrivatePlacementLegendarenotrequiredinordertomaintaincompliancewiththeSecuritiesActand(iv)thebeneficial
interestinanUnrestrictedGlobalNoteisbeingacquiredincompliancewithanyapplicableblueskysecuritieslawsofany
stateoftheUnitedStates.

C1
(b)CheckifExchangeisfrombeneficialinterestinaRestrictedGlobalNotetoUnrestrictedDefinitiveNote.
InconnectionwiththeExchangeoftheOwnersbeneficialinterestinaRestrictedGlobalNoteforanUnrestrictedDefinitive
Note,theOwnerherebycertifies(i)theDefinitiveNoteisbeingacquiredfortheOwnersownaccountwithouttransfer,
(ii)suchExchangehasbeeneffectedincompliancewiththetransferrestrictionsapplicabletotheRestrictedGlobalNotesand
pursuanttoandinaccordancewiththeSecuritiesAct,(iii)therestrictionsontransfercontainedintheIndentureandthe
PrivatePlacementLegendarenotrequiredinordertomaintaincompliancewiththeSecuritiesActand(iv)theDefinitive
NoteisbeingacquiredincompliancewithanyapplicableblueskysecuritieslawsofanystateoftheUnitedStates.
(c)CheckifExchangeisfromRestrictedDefinitiveNotetobeneficialinterestinanUnrestrictedGlobalNote.
InconnectionwiththeOwnersExchangeofaRestrictedDefinitiveNoteforabeneficialinterestinanUnrestrictedGlobal
Note,theOwnerherebycertifies(i)thebeneficialinterestisbeingacquiredfortheOwnersownaccountwithouttransfer,
(ii)suchExchangehasbeeneffectedincompliancewiththetransferrestrictionsapplicabletoRestrictedDefinitiveNotesand
pursuanttoandinaccordancewiththeSecuritiesAct,(iii)therestrictionsontransfercontainedintheIndentureandthe
PrivatePlacementLegendarenotrequiredinordertomaintaincompliancewiththeSecuritiesActand(iv)thebeneficial
interestisbeingacquiredincompliancewithanyapplicableblueskysecuritieslawsofanystateoftheUnitedStates.
(d)CheckifExchangeisfromRestrictedDefinitiveNotetoUnrestrictedDefinitiveNote.Inconnectionwith
theOwnersExchangeofaRestrictedDefinitiveNoteforanUnrestrictedDefinitiveNote,theOwnerherebycertifies(i)the
UnrestrictedDefinitiveNoteisbeingacquiredfortheOwnersownaccountwithouttransfer,(ii)suchExchangehasbeen
effectedincompliancewiththetransferrestrictionsapplicabletoRestrictedDefinitiveNotesandpursuanttoandin
accordancewiththeSecuritiesAct,(iii)therestrictionsontransfercontainedintheIndentureandthePrivatePlacement
LegendarenotrequiredinordertomaintaincompliancewiththeSecuritiesActand(iv)theUnrestrictedDefinitiveNoteis
beingacquiredincompliancewithanyapplicableblueskysecuritieslawsofanystateoftheUnitedStates.
2.ExchangeofRestrictedDefinitiveNotesorBeneficialInterestsinRestrictedGlobalNotesforRestricted
DefinitiveNotesorBeneficialInterestsinRestrictedGlobalNotes
(a)CheckifExchangeisfrombeneficialinterestinaRestrictedGlobalNotetoRestrictedDefinitiveNote.In
connectionwiththeExchangeoftheOwnersbeneficialinterestinaRestrictedGlobalNoteforaRestrictedDefinitiveNote
withanequalprincipalamount,theOwnerherebycertifiesthattheRestrictedDefinitiveNoteisbeingacquiredforthe
Ownersownaccountwithouttransfer.UponconsummationoftheproposedExchangeinaccordancewiththetermsofthe
Indenture,theRestrictedDefinitiveNoteissuedwillcontinuetobesubjecttotherestrictionsontransferenumeratedinthe
PrivatePlacementLegendprintedontheRestrictedDefinitiveNoteandintheIndentureandtheSecuritiesAct.
(b)CheckifExchangeisfromRestrictedDefinitiveNotetobeneficialinterestinaRestrictedGlobalNote.In
connectionwiththeExchangeoftheOwnersRestrictedDefinitiveNoteforabeneficialinterestinthe[CHECKONE]
144AGlobalNoteRegulationSGlobalNote,withanequalprincipalamount,theOwnerherebycertifies(i)thebeneficial
interestisbeingacquiredfortheOwnersownaccountwithouttransferand(ii)suchExchangehasbeeneffectedin
compliancewiththetransferrestrictionsapplicabletotheRestrictedDefinitiveNotesandpursuanttoandinaccordancewith
theSecuritiesAct,andincompliancewithanyapplicableblueskysecuritieslawsofanystateoftheUnitedStates.Upon
consummationoftheproposedExchangeinaccordancewiththetermsoftheIndenture,thebeneficialinterestissuedwillbe
subjecttotherestrictionsontransferenumeratedinthePrivatePlacementLegendprintedontherelevantRestrictedGlobal
NoteandintheIndentureandtheSecuritiesAct.

C2
ThiscertificateandthestatementscontainedhereinaremadeforyourbenefitandthebenefitoftheIssuerandaredated
.

[InsertNameofTransferor]
By:
Name:
Title:
Dated:

C3
EXHIBITD
[FORMOFSUPPLEMENTALINDENTURE
TOBEDELIVEREDBYSUBSEQUENTGUARANTORS]
SupplementalIndenture(thisSupplementalIndenture),datedasof,among(theGuaranteeing
Subsidiary),asubsidiaryofEnergyFutureIntermediateHoldingCompanyLLC,aDelawarelimitedliabilitycompany,and
EFIHFinanceInc.,aDelawarecorporation(collectively,theIssuer),andTheBankofNewYorkMellonTrustCompany,
N.A.,astrustee(theTrustee).
WITNESSETH
WHEREAS,theIssuerhasheretoforeexecutedanddeliveredtotheTrusteeanIndenture(theIndenture),datedas
ofAugust14,2012,providingfortheinitialissuanceof$250,000,000aggregateprincipalamountof6.875%SeniorSecured
Notesdue2017(theNotes)
WHEREAS,theIndentureprovidesthatundercertaincircumstancestheGuaranteeingSubsidiaryshallexecuteand
delivertotheTrusteeasupplementalindenturepursuanttowhichtheGuaranteeingSubsidiaryshallunconditionally
guaranteealloftheIssuersObligationsundertheNotesandtheIndentureonthetermsandconditionssetforthhereinand
undertheIndenture(theGuarantee)and
WHEREAS,pursuanttoSection9.01oftheIndenture,theTrusteeisauthorizedtoexecuteanddeliverthis
SupplementalIndenture.
NOWTHEREFORE,inconsiderationoftheforegoingandforothergoodandvaluableconsideration,thereceiptof
whichisherebyacknowledged,thepartiesmutuallycovenantandagreefortheequalandratablebenefitoftheHoldersofthe
Notesasfollows:
1.CAPITALIZEDTERMS.Capitalizedtermsusedhereinwithoutdefinitionshallhavethemeaningsassignedtothem
intheIndenture.
2.AGREEMENTTOGUARANTEE.TheGuaranteeingSubsidiaryherebyagreesasfollows:
(a)AlongwithanyGuarantorsnamedintheIndenture,tojointlyandseverally,fullyandunconditionally
guaranteetoeachHolderofaNoteauthenticatedanddeliveredbytheTrusteeandtotheTrusteeanditssuccessorsand
assigns,irrespectiveofthevalidityandenforceabilityoftheIndenture,theNotesortheobligationsoftheIssuer
hereunderorthereunder,that:
(i)theprincipalofandpremium,ifany,andinterest(includingAdditionalInterest,ifany)ontheNotes
shallbepromptlypaidinfullwhendue,whetheratmaturity,byacceleration,redemptionorotherwise,andinterest
ontheoverdueprincipalofandinterestontheNotes,ifany,iflawful,andallotherobligationsoftheIssuertothe
HoldersortheTrusteehereunderorthereundershallbepromptlypaidinfullorperformed,allinaccordancewith
thetermshereofandthereofand

D1
(ii)incaseofanyextensionoftimeofpaymentorrenewalofanyNotesoranyofsuchotherobligations,
thatsameshallbepromptlypaidinfullwhendueorperformedinaccordancewiththetermsoftheextensionor
renewal,whetheratstatedmaturity,byaccelerationorotherwise.Failingpaymentwhendueofanyamountso
guaranteedoranyperformancesoguaranteedforwhateverreason,theGuarantorsandtheGuaranteeingSubsidiary
shallbejointlyandseverallyobligatedtopaythesameimmediately.EachGuarantor(includingtheGuaranteeing
Subsidiary)agreesthatthisisaguaranteeofpaymentandnotaguaranteeofcollection.
(b)Theobligationshereundershallbeunconditional,irrespectiveofthevalidity,regularityorenforceability
oftheNotesortheIndenture,theabsenceofanyactiontoenforcethesame,anywaiverorconsentbyanyHolderofthe
Noteswithrespecttoanyprovisionshereoforthereof,therecoveryofanyjudgmentagainsttheIssuer,anyactionto
enforcethesameoranyothercircumstancewhichmightotherwiseconstitutealegalorequitabledischargeordefenseof
aguarantor.
(c)Thefollowingisherebywaived:diligence,presentment,demandofpayment,filingofclaimswithacourt
intheeventofinsolvencyorbankruptcyoftheIssuer,anyrighttorequireaproceedingfirstagainsttheIssuer,protest,
noticeandalldemandswhatsoever.
(d)ExceptassetforthinSection5hereof,thisGuaranteeshallnotbedischargedexceptbycomplete
performanceoftheobligationscontainedintheNotes,theIndentureandthisSupplementalIndenture,andthe
GuaranteeingSubsidiaryacceptsallobligationsofaGuarantorundertheIndenture.
(e)IfanyHolderortheTrusteeisrequiredbyanycourtorotherwisetoreturntotheIssuer,anyofthe
Guarantors(includingtheGuaranteeingSubsidiary),oranycustodian,trustee,liquidatororothersimilarofficialacting
inrelationtoeithertheIssueroranyoftheGuarantors,anyamountpaideithertotheTrusteeorsuchHolder,this
Guarantee,totheextenttheretoforedischarged,shallbereinstatedinfullforceandeffect.
(f)TheGuaranteeingSubsidiaryshallnotbeentitledtoanyrightofsubrogationinrelationtotheHoldersin
respectofanyobligationsguaranteedherebyuntilpaymentinfullofallobligationsguaranteedhereby.
(g)AsbetweentheGuaranteeingSubsidiary,ontheonehand,andtheHoldersandtheTrustee,ontheother
hand,(x)thematurityoftheobligationsguaranteedherebymaybeacceleratedasprovidedinArticle6oftheIndenture
forthepurposesofthisGuarantee,notwithstandinganystay,injunctionorotherprohibitionpreventingsuch
accelerationinrespectoftheobligationsguaranteedhereby,and(y)intheeventofanydeclarationofaccelerationof
suchobligationsasprovidedinArticle6oftheIndenture,suchobligations(whetherornotdueandpayable)shall
forthwithbecomedueandpayablebytheGuarantorsforthepurposeofthisGuarantee.
(h)TheGuaranteeingSubsidiaryshallhavetherighttoseekcontributionfromanynonpayingGuarantorso
longastheexerciseofsuchrightdoesnotimpairtherightsoftheHoldersunderthisGuarantee.
(i)PursuanttoSection11.02oftheIndenture,aftergivingeffecttoallothercontingentandfixedliabilities
thatarerelevantunderanyapplicableBankruptcyorfraudulentconveyancelaws,andaftergivingeffecttoany
collectionsfrom,rightstoreceivecontribution

D2
fromorpaymentsmadebyoronbehalfofanyotherGuarantorinrespectoftheobligationsofsuchotherGuarantor
underArticle11oftheIndenture,thisnewGuaranteeshallbelimitedtothemaximumamountpermissiblesuchthatthe
obligationsofsuchGuaranteeingSubsidiaryunderthisGuaranteewillnotconstituteafraudulenttransferor
conveyance.
(j)ThisGuaranteeshallremaininfullforceandeffectandcontinuetobeeffectiveshouldanypetitionbefiled
byoragainsttheIssuerforliquidation,reorganization,shouldtheIssuerbecomeinsolventormakeanassignmentforthe
benefitofcreditorsorshouldareceiverortrusteebeappointedforalloranysignificantpartoftheIssuersassets,and
shall,tothefullestextentpermittedbylaw,continuetobeeffectiveorbereinstated,asthecasemaybe,ifatanytime
paymentandperformanceoftheNotesare,pursuanttoapplicablelaw,rescindedorreducedinamount,ormust
otherwiseberestoredorreturnedbyanyobligeeontheNotesorGuarantees,whetherasavoidablepreference,
fraudulenttransferorotherwise,allasthoughsuchpaymentorperformancehadnotbeenmade.Intheeventthatany
paymentoranypartthereof,isrescinded,reduced,restoredorreturned,theNoteshall,tothefullestextentpermittedby
law,bereinstatedanddeemedreducedonlybysuchamountpaidandnotsorescinded,reduced,restoredorreturned.
(k)IncaseanyprovisionofthisGuaranteeshallbeinvalid,illegalorunenforceable,thevalidity,legality,and
(l)ThisGuaranteeshallbeageneralsenior[unsecured][secured]obligationofsuchGuaranteeingSubsidiary,
rankingequallyinrightofpaymentwithallexistingandfutureSeniorIndebtednessoftheGuaranteeingSubsidiary,
[andwillbeeffectivelysubordinatedtoallSecuredIndebtednessofsuchGuaranteeingSubsidiarytotheextentofthe
valueoftheassetssecuringsuchIndebtedness].TheGuaranteeswillbeseniorinrightofpaymenttoallexistingand
futureSubordinatedIndebtednessofeachGuarantor.TheNoteswillbestructurallysubordinatedtoIndebtednessand
otherliabilitiesofSubsidiariesoftheIssuerthatdonotGuaranteetheNotes,ifany.
(m)EachpaymenttobemadebytheGuaranteeingSubsidiaryinrespectofthisGuaranteeshallbemade
withoutsetoff,counterclaim,reductionordiminutionofanykindornature.
3.EXECUTIONANDDELIVERY.TheGuaranteeingSubsidiaryagreesthattheGuaranteeshallremaininfullforce
andeffectnotwithstandingtheabsenceoftheendorsementofanynotationofsuchGuaranteeontheNotes.
4.MERGER,CONSOLIDATIONORSALEOFALLORSUBSTANTIALLYALLASSETS.
(a)TheGuaranteeingSubsidiarymaynotconsolidateormergewithorintoorwindupinto(whetherornotthe
IssuerorGuaranteeingSubsidiaryisthesurvivingcorporation),orsell,assign,transfer,lease,conveyorotherwise
disposeofallorsubstantiallyallofitspropertiesorassets,inoneormorerelatedtransactions,toanyPersonexceptin
compliancewithSection5.01(c)oftheIndenture.
(b)SubjecttocertainlimitationsdescribedintheIndenture,theSuccessorPersonwillsucceedto,andbe
substitutedfor,theGuaranteeingSubsidiaryundertheIndentureandtheGuaranteeingSubsidiarysGuarantee.
Notwithstandingtheforegoing,theGuaranteeingSubsidiarymay(i)mergeintoortransferallorpartofitspropertiesand
assetstoanother

D3
GuarantorortheIssuer,(ii)mergewithanAffiliateoftheIssuersolelyforthepurposeofreincorporatingthe
GuaranteeingSubsidiaryintheUnitedStates,anystatethereof,theDistrictofColumbiaoranyterritorythereofor
(iii)convertintoacorporation,partnership,limitedpartnership,limitedliabilitycorporationortrustorganizedor
existingunderthelawsofthejurisdictionoforganizationofsuchGuarantor.
5.RELEASES.TheGuaranteeoftheGuaranteeingSubsidiaryshallbeautomaticallyandunconditionallyreleased
anddischarged,andnofurtheractionbytheGuaranteeingSubsidiary,theIssuerortheTrusteeisrequiredforthereleaseof
theGuaranteeingSubsidiarysGuarantee,upon:
(1)(A)anysale,exchangeortransfer(bymerger,windup,consolidationorotherwise)oftheCapitalStockof
theGuaranteeingSubsidiary(includinganysale,exchangeortransfer),afterwhichtheGuaranteeingSubsidiaryisno
longeraRestrictedSubsidiaryorsaleofallorsubstantiallyalltheassetsoftheGuaranteeingSubsidiarywhichsale,
exchangeortransferismadeincompliancewiththeapplicableprovisionsoftheIndenture
(B)thereleaseordischargeoftheguaranteebytheGuaranteeingSubsidiaryoftheguaranteewhich
resultedinthecreationoftheGuarantee,exceptadischargeorreleasebyorasaresultofpaymentundersuch
guarantee
(C)thedesignationoftheGuaranteeingSubsidiaryasanUnrestrictedSubsidiaryincompliancewith
Section4.07oftheIndentureandthedefinitionofUnrestrictedSubsidiaryintheIndentureor
(D)theexercisebytheIssuerofitsLegalDefeasanceoptionorCovenantDefeasanceoptionin
accordancewithArticle8oftheIndentureortheIssuersobligationsundertheIndenturebeingdischargedin
accordancewiththetermsoftheIndentureand
(2)thedeliverybytheGuaranteeingSubsidiarytotheTrusteeanOfficersCertificateandanOpinionof
Counsel,eachstatingthatallconditionsprecedentprovidedforintheIndenturerelatingtosuchtransactionhavebeen
compliedwith.
6.NORECOURSEAGAINSTOTHERS.Nopast,presentorfuturedirector,officer,employee,incorporatoror
stockholderoftheGuaranteeingSubsidiaryshallhaveanyliabilityforanyobligationsoftheIssuerortheGuarantors
(includingtheGuaranteeingSubsidiary)undertheNotes,anyGuarantees,thisSupplementalIndenture,theIndenture,the
RegistrationRightsAgreementoranySecurityDocumentorforanyclaimbasedon,inrespectof,orbyreasonof,such
obligationsortheircreation.EachHolderbyacceptingNoteswaivesandreleasesallsuchliability.Thewaiverandreleaseare
partoftheconsiderationforissuanceoftheNotes.
7.GOVERNINGLAW.THISSUPPLEMENTALINDENTUREWILLBEGOVERNEDBY,ANDCONSTRUEDIN
ACCORDANCEWITH,THELAWSOFTHESTATEOFNEWYORK.
8.COUNTERPARTS.ThepartiesmaysignanynumberofcopiesofthisSupplementalIndenture.Eachsignedcopy
shallbeanoriginal,butallofthemtogetherrepresentthesameagreement.
9.EFFECTOFHEADINGS.TheSectionheadingshereinareforconvenienceonlyandshallnotaffectthe
constructionhereof.

D4
10.THETRUSTEE.TheTrusteeshallnotberesponsibleinanymannerwhatsoeverfororinrespectofthevalidityor
sufficiencyofthisSupplementalIndentureorfororinrespectoftherecitalscontainedherein,allofwhichrecitalsaremade
solelybytheGuaranteeingSubsidiary.
11.SUBROGATION.TheGuaranteeingSubsidiaryshallbesubrogatedtoallrightsofHoldersofNotesagainstthe
IssuerinrespectofanyamountspaidbytheGuaranteeingSubsidiarypursuanttotheprovisionsofSection2hereofand
Section11.01oftheIndentureprovidedthatifanEventofDefaulthasoccurredandiscontinuing,theGuaranteeing
Subsidiaryshallnotbeentitledtoenforceorreceiveanypaymentsarisingoutof,orbasedupon,suchrightofsubrogation
untilallamountsthendueandpayablebytheIssuerundertheIndentureortheNotesshallhavebeenpaidinfull.
12.BENEFITSACKNOWLEDGED.TheGuaranteeingSubsidiarysGuaranteeissubjecttothetermsandconditions
setforthintheIndenture.TheGuaranteeingSubsidiaryacknowledgesthatitshallreceivedirectandindirectbenefitsfromthe
financingarrangementscontemplatedbytheIndentureandthisSupplementalIndentureandthattheguaranteeandwaivers
madebyitpursuanttothisGuaranteeareknowinglymadeincontemplationofsuchbenefits.
13.SUCCESSORS.AllagreementsoftheGuaranteeingSubsidiaryinthisSupplementalIndentureshallbindits
Successors,exceptasotherwiseprovidedinSection2(k)hereoforelsewhereinthisSupplementalIndenture.Allagreements
oftheTrusteeinthisSupplementalIndentureshallbinditssuccessors.

D5
INWITNESSWHEREOF,thepartiesheretohavecausedthisSupplementalIndenturetobedulyexecuted,allasofthe
datefirstabovewritten.

COMPANYLLC
By:

Name:
Title:
EFIHFINANCEINC.
By:

Name:
Title:
[NAMESOFGUARANTORS]
By:

Name:
Title:
By:

Name:
Title:
[GUARANTEEINGSUBSIDIARY]
By:

Name:
Title:

D6

EFIH 1st Lien Indenture 2017 Notes

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4/30/2014 Indenture, dated as of August 14, 2012

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