Common use of Page Clause in Contracts

Page. “Redemption Date” 17 “Redemption Price” 17 “Registration Rights Agreement” 17 “Registration Statement” 18 “Regular Record Date” 18 “Regulation S” 18 “Regulation S Global Securities” 18 “Responsible Officer” 18 “Replacement Assets” 18 “Restricted Subsidiary” 18 “Revolving Facility” 18 “Rule 144A” 19 “Rule 144A Global Securities” 19 “S&P” 19 “Securities Act” 19 “Senior Guarantor Indebtedness” 19 “Senior Guarantor Representative” 19 “Senior Indebtedness” 19 “Senior Representative” 20 “Series B Global Securities” 20 “Shelf Registration Statement” 20 “Significant Restricted Subsidiary” 20 “▇▇▇▇▇ Subordinated Loan” 20 “Special Record Date” 21 “Stated Maturity” 21 “Subordinated Indebtedness” 21 “Subsidiary” 21 “Successor Security” 21 “Temporary Cash Investments” 21 “Trustee” 22 “Trust Indenture Act” 22 “Unrestricted Subsidiary” 22 “Unrestricted Subsidiary Indebtedness” 22 “Voting Stock” 22 “Wholly-Owned Restricted Subsidiary” 22 Section 102 Other Definitions. 22 Section 103. Compliance Certificates and Opinions. 23 Section 104. Form of Documents Delivered to Trustee. 24 Section 105. Acts of Holders. 25 Section 106. Notices, etc., to the Trustee, the Company and any Guarantor. 26 Section 107. Notice to Holders; Waiver. 27 Section 108. Conflict with Trust Indenture Act. 27 Section 109. Effect of Headings and Table of Contents. 27 Section 110. Successors and Assigns 27 Section 111. Separability Clause. 28 Section 112. Benefits of Indenture 28 SECTION 113. GOVERNING LAW 28 Section 114. Legal Holidays. 28 Section 115. Independence of Covenants. 28 Section 116. Schedules and Exhibits. 28 Section 117. Counterparts. 29 Section 118. No Personal Liability of Directors, Officers, Employees, Members, Partners and Stockholders. 29 Section 201. Forms Generally 29 Section 202. Form of Face of Security. 31 Section 203. Form of Reverse of Securities 44 Section 204. Form of Guarantee. 53 Section 301. Title and Terms. 59 Section 302. Denominations. 60 Section 303. Execution, Authentication, Delivery and Dating. 60 Section 304. Temporary Securities. 61 Section 305. Registration, Registration of Transfer and Exchange. 62 Section 306. Book Entry Provisions for Global Securities. 63 Section 307. Special Transfer and Exchange Provisions. 65 Section 308. Mutilated, Destroyed, Lost and Stolen Securities 67 Section 309. Payment of Interest; Interest Rights Preserved. 68 Section 310. CUSIP Numbers 69 Section 311. Persons Deemed Owners. 69 Section 312. Cancellation. 70 Section 313. Computation of Interest. 70 Section 401. Company’s Option to Effect Defeasance or Covenant Defeasance 70 Section 402. Defeasance and Discharge. 70 Section 403. Covenant Defeasance. 71 Section 404. Conditions to Defeasance or Covenant Defeasance. 71 Section 405. Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. 73 Section 406. Reinstatement 74 Section 501. Events of Default. 75 Section 502. Acceleration of Maturity; Rescission and Annulment. 76 Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee 77 Section 504. Trustee May File Proofs of Claim. 78 Section 505. Trustee May Enforce Claims without Possession of Securities. 79 Section 506. Application of Money Collected 79 Section 507. Limitation on Suits 80 Section 508. Unconditional Right of Holders to Receive Principal, Premium and Interest 80 Section 509. Restoration of Rights and Remedies 81 Section 510. Rights and Remedies Cumulative 81 Section 511. Delay or Omission Not Waiver 81 Section 512. Control by Holders 81 Section 513. Waiver of Past Defaults. 82 Section 514. Undertaking for Costs. 82 Section 515. Waiver of Stay, Extension or Usury Laws 82 Section 516. Remedies Subject to Applicable Law. 83 Section 601. Duties of Trustee 83 Section 602. Notice of Defaults. 84 Section 603. Certain Rights of Trustee. 84 Section 604. Trustee Not Responsible for Recitals, Dispositions of Securities or Application of Proceeds Thereof. 86 Section 605. Trustee and Agents May Hold Securities; Collections; etc. 86 Section 606. Money Held in Trust. 86 Section 607. Compensation and Indemnification of Trustee and Its Prior Claim. 87 Section 608. Conflicting Interests. 87 Section 609. Trustee Eligibility. 87 Section 610. Resignation and Removal; Appointment of Successor Trustee 88 Section 611. Acceptance of Appointment by Successor. 89 Section 612. Merger, Conversion, Consolidation or Succession to Business. 90 Section 613. Preferential Collection of Claims Against Company 90 Section 701. Company to Furnish Trustee Names and Addresses of Holders. 91 Section 702. Disclosure of Names and Addresses of Holders. 91 Section 703. Reports by Trustee. 91 Section 704. Reports by Company and Guarantors. 92 Section 801. Company and Guarantors May Consolidate, etc., Only on Certain Terms. 93 Section 802. Successor Substituted 95 Section 901. Supplemental Indentures and Agreements without Consent of Holders. 96

Page. “Redemption Date” 17 “Redemption Price” 17 “Registration Rights Agreement” 17 “Registration Statement” 18 “Regular Record Date” 18 “Regulation S” 18 “Regulation S Global Securities” 18 “Responsible Officer” 18 “Replacement Assets” 18 “Restricted Subsidiary” 18 “Revolving Facility” 18 “Rule 144A” 19 “Rule 144A Global Securities” 19 “S&P” 19 “Securities Act” 19 “Senior Guarantor Indebtedness” 19 “Senior Guarantor Representative” 19 “Senior Indebtedness” 19 “Senior Representative” 20 “Series B Global Securities” 20 “Shelf Registration Statement” 20 “Significant Restricted Subsidiary” 20 “▇▇▇▇▇ Subordinated Loan” 20 “Special Record Date” 21 “Stated Maturity” 21 “Subordinated Indebtedness” 21 “Subsidiary” 21 “Successor Security” 21 “Temporary Cash Investments” 21 “Trustee” 22 “Trust Indenture Act” 22 “Unrestricted Subsidiary” 22 “Unrestricted Subsidiary Indebtedness” 22 “Voting Stock” 22 “Wholly-Owned Restricted Subsidiary” 22 Section 102 Other Definitions. 22 Section 103. Compliance Certificates and Opinions. 23 Section 104. Form of Documents Delivered to Trustee. 24 Section 105. Acts of Holders. 25 Section 106. Notices, etc., to the Trustee, the Company and any Guarantor. 26 Section 107. Notice to Holders; Waiver. 27 Section 108. Conflict with Trust Indenture Act. 27 Section 109. Effect of Headings and Table of Contents. 27 Section 110. Successors and Assigns 27 Section 111. Separability Clause. 28 Section 112. Benefits of Indenture 28 SECTION 113. GOVERNING LAW 28 Section 114. Legal Holidays. 28 Section 115. Independence of Covenants. 28 Section 116. Schedules and Exhibits. 28 Section 117. Counterparts. 29 Section 118. No Personal Liability of Directors, Officers, Employees, Members, Partners and Stockholders. 29 Section 201. Forms Generally 29 Section 202. Form of Face of Security. 31 Section 203. Form of Reverse of Securities 44 Section 204. Form of Guarantee. 53 Section 301. Title and Terms. 59 Section 302. Denominations. 60 Section 303. Execution, Authentication, Delivery and Dating. 60 Section 304. Temporary Securities. 61 Section 305. Registration, Registration of Transfer and Exchange. 62 Section 306. Book Entry Provisions for Global Securities. 63 Section 307. Special Transfer and Exchange Provisions. 65 Section 308. Mutilated, Destroyed, Lost and Stolen Securities 67 Section 309. Payment of Interest; Interest Rights Preserved. 68 Section 310. CUSIP Numbers 69 Section 311. Persons Deemed Owners. 69 Section 312. Cancellation. 70 Section 313. Computation of Interest. 70 Section 401. Company’s Option to Effect Defeasance or Covenant Defeasance 70 Section 402. Defeasance and Discharge. 70 Section 403. Covenant Defeasance. 71 Section 404. Conditions to Defeasance or Covenant Defeasance. 71 Section 405. Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. 73 Section 406. Reinstatement 74 Section 501. Events of Default. 75 Section 502. Acceleration of Maturity; Rescission and Annulment. 76 Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee 77 Section 504. Trustee May File Proofs of Claim. 78 Section 505. Trustee May Enforce Claims without Possession of Securities. 79 Section 506. Application of Money Collected 79 Section 507. Limitation on Suits 80 Section 508. Unconditional Right of Holders to Receive Principal, Premium and Interest 80 Section 509. Restoration of Rights and Remedies 81 Section 510. Rights and Remedies Cumulative 81 Section 511. Delay or Omission Not Waiver 81 Section 512. Control by Holders 81 Section 513. Waiver of Past Defaults. 82 Defaults 30 Section 514. Undertaking for Costs. 82 Costs 30 Section 515. Waiver of Stay, Stay or Extension or Usury Laws 82 Section 516. Remedies Subject to Applicable Law. 83 30 ARTICLE SIX THE TRUSTEE 31 Section 601. Certain Duties of Trustee 83 and Responsibilities 31 Section 602. Notice of Defaults. 84 Defaults 31 Section 603. Certain Rights of Trustee. 84 Trustee 31 Section 604. Trustee Not Responsible for Recitals, Dispositions Recitals or Issuance of Securities or Application of Proceeds Thereof. 86 33 Section 605. Trustee and Agents May Hold Securities; Collections; etc. 86 Securities 33 Section 606. Money Held in Trust. 86 Trust 33 Section 607. Compensation and Indemnification of Trustee and Its Prior Claim. 87 Reimbursement 33 Section 608. Disqualification; Conflicting Interests. 87 Interests 34 Section 609. Corporate Trustee Eligibility. 87 Required; Eligibility 34 Section 610. Resignation and Removal; Appointment of Successor Trustee 88 34 Section 611. Acceptance of Appointment by Successor. 89 Successor 35 Section 612. Merger, Conversion, Consolidation or Succession to Business. 90 Business 36 Section 613. Preferential Collection of Claims Against Company 90 36 Section 614. Co-trustees and Separate Trustees 36 Section 615. Appointment of Authenticating Agent 37 ARTICLE SEVEN HOLDERS’ LISTS AND REPORTS BY TRUSTEE, COMPANY AND GUARANTOR 38 Section 701. Company and Guarantor to Furnish Trustee Names and Addresses of Holders. 91 Holders 38 Section 702. Disclosure Preservation of Names and Addresses of Holders. 91 Information; Communications to Holders 38 Section 703. Reports by Trustee. 91 Trustee 38 Section 704. Reports by Company and Guarantors. 92 Guarantor 39 ARTICLE EIGHT CONSOLIDATION, AMALGAMATION, MERGER, CONVEYANCE, TRANSFER OR LEASE; SUBSTITUTION 40 Section 801. Company and Guarantors or Guarantor May Consolidate, etcEtc., Only on Certain Terms. 93 Terms 40 Section 802. Substitution of the Company on Certain Terms 40 Section 803. Reserved 41 Section 804. Successor Corporation Substituted 95 41 ARTICLE NINE SUPPLEMENTAL INDENTURES 41 Section 901. Supplemental Indentures and Agreements without Without Consent of HoldersHolders 41 Section 902. 96Supplemental Indentures with Consent of Holders 42 Section 903. Execution of Supplemental Indentures 43 Section 904. Effect of Supplemental Indentures 43 Section 905. Conformity with Trust Indenture Act. 43 Section 906. Reference in Securities to Supplemental Indentures 43 ARTICLE TEN PARTICULAR COVENANTS OF COMPANY AND GUARANTOR 43 Section 1001. Payment of Principal, Premium and Interest by Company 43 Section 1002. Maintenance of Office or Agency by Company 43 Section 1003. Reserved 44 Section 1004. Reserved 44 Section 1005. Maintenance of Office or Agency by Guarantor 44 Section 1006. Money for Securities Payments to Be Held in Trust 44 Section 1007. Corporate Existence 45 Section 1008. Statement by Executive Officer as to Compliance; Statement as to Default 45 Section 1009. Waiver of Certain Covenants 45 Section 1010. Additional Amounts 45 ARTICLE ELEVEN REDEMPTION OF SECURITIES 47 Section 1101. Applicability of Article 47 Section 1102. Election to Redeem; Notice to Trustee 47 Section 1103. Selection by Trustee of Securities to Be Redeemed 47 Section 1104. Notice of Redemption 48 Section 1105. Deposit of Redemption Price 48 Section 1106. Securities Payable on Redemption Date 48 Section 1107. Securities Redeemed in Part 49 Section 1108. Optional Redemption Due to Changes in Tax Treatment 49 ARTICLE TWELVE SINKING FUNDS 49 Section 1201. Applicability of Article 49 Section 1202. Satisfaction of Sinking Fund Payments with Securities 49 Section 1203. Redemption of Securities for Sinking Fund 50 ARTICLE THIRTEEN FATCA WITHHOLDING 50 Section 1301. Mutual Undertaking Regarding Information Reporting and Collection Obligations 50 Section 1302. Notice of Possible Withholding Under FATCA 50 Section 1303. Agent Right to Withhold 50 Section 1304. Issuer Right to Redirect 50 THIS INDENTURE is dated as of ______, 20___, among TotalEnergies Capital USA, LLC, a limited liability company organized and existing under the laws of the State of Delaware (herein called the “Company”), having its principal office at 1▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, and TotalEnergies SE, a European Company (societas europaea or SE) duly organized and existing under the laws of the Republic of France (herein called the “Guarantor”), having its principal office at 2, ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, La Défense 6, 92400 Courbevoie, and The Bank of New York Mellon, a New York banking corporation, as Trustee (herein called the “Trustee”) having its principal corporate trust office at 2▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇.

Page. “Redemption Date” 17 “Redemption Price” 17 “Registration Rights Agreement” 17 “Registration Statement” 18 “Regular Record Date” 18 “Regulation S” 18 “Regulation S Global Securities” 18 “Responsible Officer” 18 “Replacement Assets” 18 “Restricted Subsidiary” 18 “Revolving Facility” 18 “Rule 144A” 19 “Rule 144A Global Securities” 19 “S&P” 19 “Securities Act” 19 “Senior Guarantor Indebtedness” 19 “Senior Guarantor Representative” 19 “Senior Indebtedness” 19 “Senior Representative” 20 “Series B Global Securities” 20 “Shelf Registration Statement” 20 “Significant Restricted Subsidiary” 20 “▇▇▇▇▇ Subordinated Loan” 20 “Special Record Date” 21 “Stated Maturity” 21 “Subordinated Indebtedness” 21 “Subsidiary” 21 “Successor Security” 21 “Temporary Cash Investments” 21 “Trustee” 22 “Trust Indenture Act” 22 “Unrestricted Subsidiary” 22 “Unrestricted Subsidiary Indebtedness” 22 “Voting Stock” 22 “Wholly-Owned Restricted Subsidiary” 22 Section 102 Other Definitions. 22 Section 103. Compliance Certificates and Opinions. 23 Section 104. Form of Documents Delivered to Trustee. 24 Section 105. Acts of Holders. 25 Section 106. Notices, etc., to the Trustee, the Company and any Guarantor. 26 Section 107. Notice to Holders; Waiver. 27 Section 108. Conflict with Trust Indenture Act. 27 Section 109. Effect of Headings and Table of Contents. 27 Section 110. Successors and Assigns 27 Section 111. Separability Clause. 28 Section 112. Benefits of Indenture 28 SECTION 113. GOVERNING LAW 28 Section 114. Legal Holidays. 28 Section 115. Independence of Covenants. 28 Section 116. Schedules and Exhibits. 28 Section 117. Counterparts. 29 Section 118. No Personal Liability of Directors, Officers, Employees, Members, Partners and Stockholders. 29 Section 201. Forms Generally 29 Section 202. Form of Face of Security. 31 Section 203. Form of Reverse of Securities 44 Section 204. Form of Guarantee. 53 Section 301. Title and Terms. 59 Section 302. Denominations. 60 Section 303. Execution, Authentication, Delivery and Dating. 60 Section 304. Temporary Securities. 61 Section 305. Registration, Registration of Transfer and Exchange. 62 Section 306. Book Entry Provisions for Global Securities. 63 Section 307. Special Transfer and Exchange Provisions. 65 Section 308. Mutilated, Destroyed, Lost and Stolen Securities 67 Section 309. Payment of Interest; Interest Rights Preserved. 68 Section 310. CUSIP Numbers 69 Section 311. Persons Deemed Owners. 69 Section 312. Cancellation. 70 Section 313. Computation of Interest. 70 Section 401. Company’s Option to Effect Defeasance or Covenant Defeasance 70 Section 402. Defeasance and Discharge. 70 Section 403. Covenant Defeasance. 71 Section 404. Conditions to Defeasance or Covenant Defeasance. 71 Section 405. Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. 73 Section 406. Reinstatement 74 Section 501. Events of Default. 75 Section 502. Acceleration of Maturity; Rescission and Annulment. 76 Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee 77 Section 504. Trustee May File Proofs of Claim. 78 Section 505. Trustee May Enforce Claims without Possession of Securities. 79 Section 506. Application of Money Collected 79 Section 507. Limitation on Suits 80 Section 508. Unconditional Right of Holders Securityholders to Receive Principal, Premium Principal and Interest 80 Section 509Interest. 22 SECTION 6.09. Restoration of Rights and Remedies 81 Section 510Remedies. 22 SECTION 6.10. Rights and Remedies Cumulative 81 Section 511Cumulative. 22 SECTION 6.11. Delay or Omission Not Waiver 81 Section 512Waiver. 22 SECTION 6.12. Control by Holders 81 Section 513Securityholders. 22 SECTION 6.13. Waiver of Past Defaults. 82 Section 51422 SECTION 6.14. Undertaking for Costs. 82 Section 51523 SECTION 6.15. Waiver of Stay, Stay or Extension or Usury Laws 82 Section 516Laws. Remedies Subject to Applicable Law. 83 Section 60123 Article 7 CONCERNING THE TRUSTEE 23 SECTION 7.01. Duties of Trustee 83 Section 602. Notice of Defaults. 84 Section 603. Certain Rights and Responsibilities of Trustee. 84 Section 60423 SECTION 7.02. Trustee Not Responsible Reliance on Documents, Opinions, etc. 24 SECTION 7.03. No Responsibility for Recitals, Dispositions of Securities or Application of Proceeds Thereof. 86 Section 605. Trustee and Agents May Hold Securities; Collections; etc. 86 Section 60624 SECTION 7.04. Money Ownership of Securities. 24 SECTION 7.05. Moneys to be Held in Trust. 86 Section 60724 SECTION 7.06. Compensation and Indemnification Expenses of Trustee. 25 SECTION 7.07. Officer’s Certificate as Evidence. 25 SECTION 7.08. Disqualifications; Conflicting Interest of Trustee. 25 SECTION 7.09. Eligibility of Trustee. 25 SECTION 7.10. Resignation or Removal of Trustee. 26 SECTION 7.11. Acceptance by Successor Trustee. 26 SECTION 7.12. Successor by M▇▇▇▇▇, etc. 27 SECTION 7.13. Limitations on Rights of Trustee and Its Prior Claimas Creditor. 87 Section 60827 SECTION 7.14. Conflicting InterestsNotice of Default. 87 Section 60927 SECTION 7.15. Trustee Eligibility. 87 Section 610. Resignation and Removal; Appointment of Successor Trustee 88 Section 611Authenticating Agent. Acceptance 27 Article 8 CONCERNING THE SECURITYHOLDERS 28 SECTION 8.01. Action by Securityholders. 28 SECTION 8.02. Proof of Appointment Execution by SuccessorSecurityholders. 89 Section 61229 SECTION 8.03. Merger, Conversion, Consolidation or Succession to BusinessWho Are Deemed Absolute Owners. 90 Section 61329 SECTION 8.04. Preferential Collection Company-Owned Securities Disregarded. 29 SECTION 8.05. Revocation of Claims Against Company 90 Section 701Consents; Future Securityholders Bound. Company to Furnish Trustee Names and Addresses 30 SECTION 8.06. Record Date. 30 Article 9 SECURITYHOLDERS’ MEETINGS 30 SECTION 9.01. Purposes of HoldersMeeting. 91 Section 70230 SECTION 9.02. Disclosure Call of Names and Addresses of Holders. 91 Section 703. Reports Meetings by Trustee. 91 Section 70430 SECTION 9.03. Reports Call of Meetings by Company and Guarantorsor Securityholders. 92 Section 80130 SECTION 9.04. Company and Guarantors May Consolidate, etc., Only on Certain TermsQualifications for Voting. 93 Section 80231 SECTION 9.05. Successor Substituted 95 Section 901Regulations. 31 SECTION 9.06. Voting. 31 Article 10 SUPPLEMENTAL INDENTURES 31 SECTION 10.01. Supplemental Indentures and Agreements without Consent of Securityholders. 31 SECTION 10.02. Supplemental Indentures with Consent of Holders. 9632 SECTION 10.03. Compliance with Trust Indenture Act; Effect of Supplemental Indentures. 33

Page. “Redemption Date” 17 “Redemption Price” 17 “Registration Right and Authority of Receiver or Lender in the Event of Default; Power of Attorney 61 Section 5.4 Occupancy After Foreclosure 62 Section 5.5 Notice to Account Debtors 62 Section 5.6 Cumulative Remedies 63 Section 5.7 Payment of Expenses 63 ARTICLE VI MISCELLANEOUS TERMS AND CONDITIONS 63 Section 6.1 Time of Essence 63 Section 6.2 Release of Mortgage 63 Section 6.3 Certain Rights Agreement” 17 “Registration Statement” 18 “Regular Record Date” 18 “Regulation S” 18 “Regulation S Global Securities” 18 “Responsible Officer” 18 “Replacement Assets” 18 “Restricted Subsidiary” 18 “Revolving Facility” 18 “Rule 144A” 19 “Rule 144A Global Securities” 19 “S&P” 19 “Securities Act” 19 “Senior Guarantor Indebtedness” 19 “Senior Guarantor Representative” 19 “Senior Indebtedness” 19 “Senior Representative” 20 “Series B Global Securities” 20 “Shelf Registration Statement” 20 “Significant Restricted Subsidiary” 20 “of Lender 63 Section 6.4 Waiver of Certain Defenses 63 Section 6.5 Notices 64 Section 6.6 Successors and Assigns; Joint and Several Liability 64 Section 6.7 Severability 64 Section 6.8 Gender 64 Section 6.9 Waiver; Discontinuance of Proceedings 64 Section 6.10 Section Headings 65 Section 6.11 GOVERNING LAW 65 Section 6.12 Counting of Days 65 Section 6.13 Relationship of the Parties 65 Section 6.14 Application of the Proceeds of the Note 66 Section 6.15 Unsecured Portion of Indebtedness 66 Section 6.16 Cross Default 66 Section 6.17 Interest After Sale 66 Section 6.18 Inconsistency with Other Loan Documents 66 Section 6.19 Construction of this Document 66 Section 6.20 No Merger 66 Section 6.21 Rights With Respect to Junior Encumbrances 66 Section 6.22 Lender May File Proofs of Claim 67 Section 6.23 Fixture Filing 67 Section 6.24 After-Acquired Property 67 Section 6.25 No Representation 67 Section 6.26 Counterparts 67 Section 6.27 Personal Liability 68 Section 6.28 Recording and Filing 68 Section 6.29 Entire Agreement and Modifications 68 Section 6.30 Intentionally Reserved 68 Section 6.31 Secondary Market 68 Section 6.32 Dissemination of Information 68 Section 6.33 Certain Matters Relating to Property Located in the State of Connecticut 69 Section 6.34 REMIC Opinions 70 Section 6.35 Splitting the Loan 70 THIS MORTGAGE, SECURITY AGREEMENT AND FIXTURE FILING (as the same may be from time to time amended, consolidated, renewed or replaced, this “ Mortgage ”) is made as of January 25, 2007 by 239 GREENWICH ASSOCIATES LIMITED PARTNERSHIP, a Connecticut limited partnership, as grantor (“ Borrower ”), whose address is c/o Acadia Realty Trust, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Subordinated Loan” 20 “Special Record Date” 21 “Stated Maturity” 21 “Subordinated Indebtedness” 21 “Subsidiary” 21 “Successor Security” 21 “Temporary Cash Investments” 21 “Trustee” 22 “Trust Indenture Act” 22 “Unrestricted Subsidiary” 22 “Unrestricted Subsidiary Indebtedness” 22 “Voting Stock” 22 “Wholly-Owned Restricted Subsidiary” 22 Section 102 Other Definitions. 22 Section 103. Compliance Certificates and Opinions. 23 Section 104. Form of Documents Delivered to Trustee. 24 Section 105. Acts of Holders. 25 Section 106. Notices▇▇▇▇▇▇, etc.▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, to the TrusteeWACHOVIA BANK, the Company NATIONAL ASSOCIATION, a national banking association, as beneficiary (together with its successors and any Guarantor. 26 Section 107. Notice to Holders; Waiver. 27 Section 108. Conflict with Trust Indenture Act. 27 Section 109. Effect of Headings and Table of Contents. 27 Section 110. Successors and Assigns 27 Section 111. Separability Clause. 28 Section 112. Benefits of Indenture 28 SECTION 113. GOVERNING LAW 28 Section 114. Legal Holidays. 28 Section 115. Independence of Covenants. 28 Section 116. Schedules and Exhibits. 28 Section 117. Counterparts. 29 Section 118. No Personal Liability of Directorsassigns, Officers“ Lender ”), Employeeswhose address is Commercial Real Estate Services, Members▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ URP – 4, Partners and Stockholders. 29 Section 201. Forms Generally 29 Section 202. Form of Face of Security. 31 Section 203. Form of Reverse of Securities 44 Section 204. Form of Guarantee. 53 Section 301. Title and Terms. 59 Section 302. Denominations. 60 Section 303. ExecutionNC 1075, Authentication▇▇▇▇▇▇▇▇▇, Delivery and Dating. 60 Section 304. Temporary Securities. 61 Section 305. Registration, Registration of Transfer and Exchange. 62 Section 306. Book Entry Provisions for Global Securities. 63 Section 307. Special Transfer and Exchange Provisions. 65 Section 308. Mutilated, Destroyed, Lost and Stolen Securities 67 Section 309. Payment of Interest; Interest Rights Preserved. 68 Section 310. CUSIP Numbers 69 Section 311. Persons Deemed Owners. 69 Section 312. Cancellation. 70 Section 313. Computation of Interest. 70 Section 401. Company’s Option to Effect Defeasance or Covenant Defeasance 70 Section 402. Defeasance and Discharge. 70 Section 403. Covenant Defeasance. 71 Section 404. Conditions to Defeasance or Covenant Defeasance. 71 Section 405. Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. 73 Section 406. Reinstatement 74 Section 501. Events of Default. 75 Section 502. Acceleration of Maturity; Rescission and Annulment. 76 Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee 77 Section 504. Trustee May File Proofs of Claim. 78 Section 505. Trustee May Enforce Claims without Possession of Securities. 79 Section 506. Application of Money Collected 79 Section 507. Limitation on Suits 80 Section 508. Unconditional Right of Holders to Receive Principal, Premium and Interest 80 Section 509. Restoration of Rights and Remedies 81 Section 510. Rights and Remedies Cumulative 81 Section 511. Delay or Omission Not Waiver 81 Section 512. Control by Holders 81 Section 513. Waiver of Past Defaults. 82 Section 514. Undertaking for Costs. 82 Section 515. Waiver of Stay, Extension or Usury Laws 82 Section 516. Remedies Subject to Applicable Law. 83 Section 601. Duties of Trustee 83 Section 602. Notice of Defaults. 84 Section 603. Certain Rights of Trustee. 84 Section 604. Trustee Not Responsible for Recitals, Dispositions of Securities or Application of Proceeds Thereof. 86 Section 605. Trustee and Agents May Hold Securities; Collections; etc. 86 Section 606. Money Held in Trust. 86 Section 607. Compensation and Indemnification of Trustee and Its Prior Claim. 87 Section 608. Conflicting Interests. 87 Section 609. Trustee Eligibility. 87 Section 610. Resignation and Removal; Appointment of Successor Trustee 88 Section 611. Acceptance of Appointment by Successor. 89 Section 612. Merger, Conversion, Consolidation or Succession to Business. 90 Section 613. Preferential Collection of Claims Against Company 90 Section 701. Company to Furnish Trustee Names and Addresses of Holders. 91 Section 702. Disclosure of Names and Addresses of Holders. 91 Section 703. Reports by Trustee. 91 Section 704. Reports by Company and Guarantors. 92 Section 801. Company and Guarantors May Consolidate, etc▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇., Only on Certain Terms. 93 Section 802. Successor Substituted 95 Section 901. Supplemental Indentures and Agreements without Consent of Holders. 96

Page. “Redemption Date” 17 “Redemption Price” 17 “Registration Rights Agreement” 17 “Registration Statement” 18 “Regular Record Date” 18 “Regulation S” 18 “Regulation S Global Securities” 18 “Responsible Officer” 18 “Replacement Assets” 18 “Restricted Subsidiary” 18 “Revolving Facility” 18 “Rule 144A” 19 “Rule 144A Global Securities” 19 “S&P” 19 “Securities Act” 19 “Senior Guarantor Indebtedness” 19 “Senior Guarantor Representative” 19 “Senior Indebtedness” 19 “Senior Representative” 20 “Series B Global Securities” 20 “Shelf Registration Statement” 20 “Significant Restricted Subsidiary” 20 “▇▇▇▇▇ Subordinated Loan” 20 “Special Record Date” 21 “Stated Maturity” 21 “Subordinated Indebtedness” 21 “Subsidiary” 21 “Successor Security” 21 “Temporary Cash Investments” 21 “Trustee” 22 “Trust Indenture Act” 22 “Unrestricted Subsidiary” 22 “Unrestricted Subsidiary Indebtedness” 22 “Voting Stock” 22 “Wholly-Owned Restricted Subsidiary” 22 Section 102 Other Definitions902. 22 Section 103. Compliance Certificates Supplemental Indentures and Opinions. 23 Section 104. Form of Documents Delivered to Trustee. 24 Section 105. Acts Agreements with Consent of Holders. 25 97 Section 106903. Notices, etc., to the Trustee, the Company Execution of Supplemental Indentures and any GuarantorAgreements. 26 98 Section 107904. Notice to Holders; WaiverEffect of Supplemental Indentures 98 Section 905. 27 Section 108. Conflict Conformity with Trust Indenture Act. 27 98 Section 109906. Effect Reference in Securities to Supplemental Indentures. 99 Section 907. Notice of Headings and Table of Contents. 27 Supplemental Indentures 99 Section 110. Successors and Assigns 27 Section 111. Separability Clause. 28 Section 112. Benefits of Indenture 28 SECTION 113. GOVERNING LAW 28 Section 114. Legal Holidays. 28 Section 115. Independence of Covenants. 28 Section 116. Schedules and Exhibits. 28 Section 117. Counterparts. 29 Section 118. No Personal Liability of Directors, Officers, Employees, Members, Partners and Stockholders. 29 Section 201. Forms Generally 29 Section 202. Form of Face of Security. 31 Section 203. Form of Reverse of Securities 44 Section 204. Form of Guarantee. 53 Section 301. Title and Terms. 59 Section 302. Denominations. 60 Section 303. Execution, Authentication, Delivery and Dating. 60 Section 304. Temporary Securities. 61 Section 305. Registration, Registration of Transfer and Exchange. 62 Section 306. Book Entry Provisions for Global Securities. 63 Section 307. Special Transfer and Exchange Provisions. 65 Section 308. Mutilated, Destroyed, Lost and Stolen Securities 67 Section 3091001. Payment of Interest; Interest Rights Preserved. 68 Section 310. CUSIP Numbers 69 Section 311. Persons Deemed Owners. 69 Section 312. Cancellation. 70 Section 313. Computation of Principal, Premium and Interest. 70 100 Section 4011002. Company’s Option to Effect Defeasance Maintenance of Office or Covenant Defeasance 70 Agency 100 Section 4021003. Defeasance and Discharge. 70 Section 403. Covenant Defeasance. 71 Section 404. Conditions to Defeasance or Covenant Defeasance. 71 Section 405. Deposited Money and U.S. Government Obligations for Security Payments to Be Held in Trust; . 100 Section 1004. Corporate Existence. 102 Section 1005. Payment of Taxes and Other Miscellaneous ProvisionsClaims. 73 102 Section 4061006. Reinstatement 74 Maintenance of Properties. 102 Section 5011007. Events Maintenance of Insurance. 103 Section 1008. Limitation on Indebtedness. 103 Section 1009. Limitation on Restricted Payments. 106 Section 1010. Limitation on Transactions with Affiliates. 111 Section 1011. Limitation on Liens. 112 Section 1012. Limitation on Sale of Assets. 113 Section 1013. Limitation on Issuances of Guarantees of and Pledges for Indebtedness 117 Section 1014. Purchase of Securities upon a Change of Control. 118 Section 1015. Limitation on Subsidiary Preferred Stock 122 Section 1016. Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries. 122 Section 1017. Limitation on Senior Subordinated Indebtedness. 123 Section 1018. Limitations on Unrestricted Subsidiaries. 124 Section 1019. Provision of Financial Statements. 125 Section 1020. Statement by Officers as to Default. 75 126 Section 5021021. Acceleration Waiver of MaturityCertain Covenants 126 Section 1101. Rights of Redemption. 127 Section 1102. Applicability of Article. 127 Section 1103. Election to Redeem; Rescission and AnnulmentNotice to Trustee. 76 127 Section 5031104. Collection of Indebtedness and Suits for Enforcement Selection by Trustee 77 of Securities to Be Redeemed. 127 Section 5041105. Trustee May File Proofs Notice of ClaimRedemption. 78 128 Section 5051106. Trustee May Enforce Claims without Possession Deposit of SecuritiesRedemption Price. 79 129 Section 5061107. Securities Payable on Redemption Date. 129 Section 1108. Securities Redeemed or Purchased in Part 129 Section 1201. Satisfaction and Discharge of Indenture. 130 Section 1202. Application of Trust Money Collected 79 131 Section 5071301. Limitation on Suits 80 Guarantors’ Guarantee. 131 Section 5081302. Unconditional Continuing Guarantee; No Right of Set-Off; Independent Obligation. 131 Section 1303. Guarantee Absolute 132 Section 1304. Right to Demand Full Performance. 135 Section 1305. Waivers. 135 Section 1306. The Guarantors Remain Obligated in Event the Company Is No Longer Obligated to Discharge Indenture Obligations. 136 Section 1307. Fraudulent Conveyance; Contribution; Subrogation. 136 Section 1308. Guarantee Is in Addition to Other Security. 137 Section 1309. Release of Security Interests. 137 Section 1310. No Bar to Further Actions 137 Section 1311. Failure to Exercise Rights Shall Not Operate as a Waiver; No Suspension of Remedies. 137 Section 1312. Trustee’s Duties; Notice to Trustee. 138 Section 1313. Successors and Assigns 138 Section 1314. Release of Guarantee. 138 Section 1315. Execution of Guarantee 139 Section 1316. Guarantee Subordinate to Senior Guarantor Indebtedness. 139 Section 1317. Payment Over of Proceeds Upon Dissolution of the Guarantor, etc. 139 Section 1318. Suspension of Payment When Designated Senior Guarantor Indebtedness in Default 141 Section 1319. Payment Permitted by Each of the Guarantors if No Default 141 Section 1320. Subrogation to Rights of Holders of Senior Guarantor Indebtedness 141 Section 1321. Provisions Solely to Receive Principal, Premium and Interest 80 Define Relative Rights 142 Section 5091322. Restoration Trustee to Effectuate Subordination. 142 Section 1323. No Waiver of Rights and Remedies 81 Subordination Provisions. 142 Section 5101324. Notice to Trustee by Each of the Guarantors. 143 Section 1325. Reliance on Judicial Orders or Certificates. 144 Section 1326. Rights and Remedies Cumulative 81 of Trustee as a Holder of Senior Guarantor Indebtedness; Preservation of Trustee’s Rights. 144 Section 5111327. Delay or Omission Not Waiver 81 Article Applicable to Paying Agents. 144 Section 5121328. Control by No Suspension of Remedies. 145 Section 1329. Trustee’s Relation to Senior Guarantor Indebtedness. 145 Section 1401. Securities Subordinate to Senior Indebtedness. 145 Section 1402. Payment Over of Proceeds Upon Dissolution, etc 145 Section 1403. Suspension of Payment When Designated Senior Indebtedness in Default 147 Section 1404. Payment Permitted if No Default 148 Section 1405. Subrogation to Rights of Holders 81 of Senior Indebtedness 148 Section 5131406. Provisions Solely to Define Relative Rights 149 Section 1407. Trustee to Effectuate Subordination. 149 Section 1408. No Waiver of Past DefaultsSubordination Provisions. 82 149 Section 5141409. Undertaking for CostsNotice to Trustee. 82 150 Section 5151410. Waiver of Stay, Extension Reliance on Judicial Orders or Usury Laws 82 Certificates. 151 Section 5161411. Remedies Subject to Applicable Law. 83 Section 601. Duties Rights of Trustee 83 Section 602. Notice as a Holder of Defaults. 84 Section 603. Certain Rights Senior Indebtedness; Preservation of Trustee’s Rights. 84 151 Section 6041412. Article Applicable to Paying Agents. 151 Section 1413. No Suspension of Remedies. 151 Section 1414. Trustee’s Relation to Senior Indebtedness 152 TESTIMONIUM SIGNATURES AND SEALS ACKNOWLEDGMENTS ANNEX A Form of Intercompany Note SCHEDULE I Existing Indebtedness EXHIBIT A Regulation S Certificate EXHIBIT B Restricted Security Certificate EXHIBIT C Unrestricted Security Certificate APPENDIX I Form of Transferee Certificate for Series A Securities APPENDIX II Form of Transferee Certificate for Series B Securities INDENTURE, dated as of August 12, 2003, between Sonic Automotive, Inc., a Delaware corporation (the “Company”), the guarantors set forth on the signature pages hereto (each a “Guarantor” and collectively, the “Guarantors”) and U.S. Bank National Association, as Trustee Not Responsible for Recitals, Dispositions of Securities or Application of Proceeds Thereof. 86 Section 605. Trustee and Agents May Hold Securities; Collections; etc. 86 Section 606. Money Held in Trust. 86 Section 607. Compensation and Indemnification of Trustee and Its Prior Claim. 87 Section 608. Conflicting Interests. 87 Section 609. Trustee Eligibility. 87 Section 610. Resignation and Removal; Appointment of Successor Trustee 88 Section 611. Acceptance of Appointment by Successor. 89 Section 612. Merger, Conversion, Consolidation or Succession to Business. 90 Section 613. Preferential Collection of Claims Against Company 90 Section 701. Company to Furnish Trustee Names and Addresses of Holders. 91 Section 702. Disclosure of Names and Addresses of Holders. 91 Section 703. Reports by (the “Trustee. 91 Section 704. Reports by Company and Guarantors. 92 Section 801. Company and Guarantors May Consolidate, etc”)., Only on Certain Terms. 93 Section 802. Successor Substituted 95 Section 901. Supplemental Indentures and Agreements without Consent of Holders. 96

Page. “Redemption Date” 17 “Redemption Price” 17 “Registration Rights Agreement” 17 “Registration Statement” 18 “Regular Record Date” 18 “Regulation S” 18 “Regulation S Global Securities” 18 “Responsible Officer” 18 “Replacement Assets” 18 “Restricted Subsidiary” 18 “Revolving Facility” 18 “Rule 144A” 19 “Rule 144A Global Securities” 19 “S&P” 19 “Securities Act” 19 “Senior Guarantor Indebtedness” 19 “Senior Guarantor Representative” 19 “Senior Indebtedness” 19 “Senior Representative” 20 “Series B Global Securities” 20 “Shelf Registration Statement” 20 “Significant Restricted Subsidiary” 20 “▇▇▇▇▇ Subordinated Loan” 20 “Special Record Date” 21 “Stated Maturity” 21 “Subordinated Indebtedness” 21 “Subsidiary” 21 “Successor Security” 21 “Temporary Cash Investments” 21 “Trustee” 22 “Trust Indenture Act” 22 “Unrestricted Subsidiary” 22 “Unrestricted Subsidiary Indebtedness” 22 “Voting Stock” 22 “Wholly-Owned Restricted Subsidiary” 22 Section 102 Other Definitions. 22 Section 103. Compliance Certificates and Opinions. 23 Section 104. Form of Documents Delivered to Trustee. 24 Section 105. Acts of Holders. 25 Section 106. Notices, etc., to the Trustee, the 8.1 Company and any Guarantor. 26 Section 107. Notice to Holders; Waiver. 27 Section 108. Conflict with Trust Indenture Act. 27 Section 109. Effect of Headings and Table of Contents. 27 Section 110. Successors and Assigns 27 Section 111. Separability Clause. 28 Section 112. Benefits of Indenture 28 SECTION 113. GOVERNING LAW 28 Section 114. Legal Holidays. 28 Section 115. Independence of Covenants. 28 Section 116. Schedules and Exhibits. 28 Section 117. Counterparts. 29 Section 118. No Personal Liability of Directors, Officers, Employees, Members, Partners and Stockholders. 29 Section 201. Forms Generally 29 Section 202. Form of Face of Security. 31 Section 203. Form of Reverse of Securities 44 Section 204. Form of Guarantee. 53 Section 301. Title and Terms. 59 Section 302. Denominations. 60 Section 303. Execution, Authentication, Delivery and Dating. 60 Section 304. Temporary Securities. 61 Section 305. Registration, Registration of Transfer and Exchange. 62 Section 306. Book Entry Provisions for Global Securities. 63 Section 307. Special Transfer and Exchange Provisions. 65 Section 308. Mutilated, Destroyed, Lost and Stolen Securities 67 Section 309. Payment of Interest; Interest Rights Preserved. 68 Section 310. CUSIP Numbers 69 Section 311. Persons Deemed Owners. 69 Section 312. Cancellation. 70 Section 313. Computation of Interest. 70 Section 401. Company’s Option to Effect Defeasance or Covenant Defeasance 70 Section 402. Defeasance and Discharge. 70 Section 403. Covenant Defeasance. 71 Section 404. Conditions to Defeasance or Covenant Defeasance. 71 Section 405. Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. 73 Section 406. Reinstatement 74 Section 501. Events of Default. 75 Section 502. Acceleration of Maturity; Rescission and Annulment. 76 Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee 77 Section 504. Trustee May File Proofs of Claim. 78 Section 505. Trustee May Enforce Claims without Possession of Securities. 79 Section 506. Application of Money Collected 79 Section 507. Limitation on Suits 80 Section 508. Unconditional Right of Holders to Receive Principal, Premium and Interest 80 Section 509. Restoration of Rights and Remedies 81 Section 510. Rights and Remedies Cumulative 81 Section 511. Delay or Omission Not Waiver 81 Section 512. Control by Holders 81 Section 513. Waiver of Past Defaults. 82 Section 514. Undertaking for Costs. 82 Section 515. Waiver of Stay, Extension or Usury Laws 82 Section 516. Remedies Subject to Applicable Law. 83 Section 601. Duties of Trustee 83 Section 602. Notice of Defaults. 84 Section 603. Certain Rights of Trustee. 84 Section 604. Trustee Not Responsible for Recitals, Dispositions of Securities or Application of Proceeds Thereof. 86 Section 605. Trustee and Agents May Hold Securities; Collections; etc. 86 Section 606. Money Held in Trust. 86 Section 607. Compensation and Indemnification of Trustee and Its Prior Claim. 87 Section 608. Conflicting Interests. 87 Section 609. Trustee Eligibility. 87 Section 610. Resignation and Removal; Appointment of Successor Trustee 88 Section 611. Acceptance of Appointment by Successor. 89 Section 612. Merger, Conversion, Consolidation or Succession to Business. 90 Section 613. Preferential Collection of Claims Against Company 90 Section 701. Company to Furnish Trustee Names and Addresses of Holders. 91 Section 702. Disclosure of Names and Addresses of Holders. 91 Section 703. Reports by Trustee. 91 Section 704. Reports by Company and Guarantors. 92 Section 801. Company and Guarantors May Consolidate, etcEtc., Only on Certain Terms. 93 Terms 50 Section 802. 8.2 Successor Person Substituted 95 for Company 51 ARTICLE NINE SUPPLEMENTAL INDENTURES 51 Section 901. 9.1 Supplemental Indentures and Agreements without Consent of Holders. 96Holders 51 Section 9.2 Supplemental Indentures With Consent of Holders 52 Section 9.3 Execution of Supplemental Indentures 53 Section 9.4 Effect of Supplemental Indentures 53 Section 9.5 Reference in Securities to Supplemental Indentures 53 Section 9.6 Conformity with Trust Indenture Act 54 Section 9.7 Notice of Supplemental Indenture 54 ARTICLE TEN COVENANTS 54 Section 10.1 Payment of Principal, any Premium, Interest and Additional Amounts 54 Section 10.2 Maintenance of Office or Agency 54 Section 10.3 Money for Securities Payments to Be Held in Trust 55 Section 10.4 Additional Amounts 56 Section 10.5 Corporate Existence 57 Section 10.6 Waiver of Certain Covenants 57 Section 10.7 Company Statement as to Compliance; Notice of Certain Defaults 58 Section 10.8 Calculation of Original Issue Discount 58 ARTICLE ELEVEN REDEMPTION OF SECURITIES 58 Section 11.1 Applicability of Article 58 Section 11.2 Election to Redeem; Notice to Trustee 58 Section 11.3 Selection by Trustee of Securities to be Redeemed 58 Section 11.4 Notice of Redemption 59 Section 11.5 Deposit of Redemption Price 60 Section 11.6 Securities Payable on Redemption Date 60 Section 11.7 Securities Redeemed in Part 60 Section 11.8 Repurchases on the Open Market 61 ARTICLE TWELVE SINKING FUNDS 61 Section 12.1 Applicability of Article 61 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 61 Section 12.3 Redemption of Securities for Sinking Fund 62 ARTICLE THIRTEEN REPAYMENT AT THE OPTION OF HOLDERS 62 Section 13.1 Applicability of Article 62 ARTICLE FOURTEEN SECURITIES IN FOREIGN CURRENCIES 62 Section 14.1 Applicability of Article 62 ARTICLE FIFTEEN MEETINGS OF HOLDERS OF SECURITIES 63

Page. “Redemption Date” Definitions 1 Section 2. Grant of Transaction Liens 8 Section 3. General Representations and Warranties 9 Section 4. Further Assurances; General Covenants 11 Section 5. Investment Property 12 Section 6. Investment Property Collateral Accounts 15 Section 7. Controlled Deposit Accounts 15 Section 8. Cash Collateral Account 16 Section 9. Operation of Collateral Accounts 17 “Redemption Price” 17 “Registration Rights Agreement” 17 “Registration Statement” 18 “Regular Section 10. Transfer Of Record Date” 18 “Regulation S” 18 “Regulation S Global Securities” 18 “Responsible Officer” 18 “Replacement Assets” 18 “Restricted Subsidiary” 18 “Revolving Facility” 18 “Rule 144A” Ownership 19 “Rule 144A Global Securities” 19 “S&P” 19 “Section 11. Right to Vote Securities Act” 19 “Senior Guarantor Indebtedness” 19 “Senior Guarantor Representative” 19 “Senior Indebtedness” 19 “Senior Representative” 20 “Series B Global Securities” Section 12. Certain Cash Distributions 20 “Shelf Registration Statement” 20 “Significant Restricted Subsidiary” 20 “▇▇▇▇▇ Subordinated Loan” 20 “Special Record Date” Section 13. Remedies upon Event of Default 21 “Stated Maturity” Section 14. Application of Proceeds 21 “Subordinated Indebtedness” Section 15. Fees and Expenses; Indemnification 21 “Subsidiary” 21 “Successor Security” 21 “Temporary Cash Investments” 21 “Trustee” 22 “Trust Indenture Act” 22 “Unrestricted Subsidiary” 22 “Unrestricted Subsidiary Indebtedness” 22 “Voting Stock” 22 “Wholly-Owned Restricted Subsidiary” Section 16. Authority to Administer Collateral 22 Section 102 Other Definitions17. 22 Section 103. Compliance Certificates and Opinions. Limitation on Duty in Respect of Collateral 23 Section 10418. Form General Provisions Concerning the Collateral Agent 23 Section 19. Termination of Documents Delivered to Trustee. 24 Section 105. Acts Transaction Liens; Release of Holders. Collateral 25 Section 10620. Notices, etc., to the Trustee, the Company and any GuarantorNotices 25 Section 21. No Implied Waivers; Remedies Not Exclusive 26 Section 107. Notice to Holders; Waiver. 27 Section 108. Conflict with Trust Indenture Act. 27 Section 109. Effect of Headings and Table of Contents. 27 Section 11022. Successors and Assigns 26 Section 23. Amendments, Waivers and Additional Lien Grantors 26 Section 24. Choice of Law 27 Section 111. Separability Clause. 28 Section 112. Benefits of Indenture 28 SECTION 113. GOVERNING LAW 28 Section 114. Legal Holidays. 28 Section 115. Independence of Covenants. 28 Section 116. Schedules and Exhibits. 28 Section 117. Counterparts. 29 Section 118. No Personal Liability of Directors, Officers, Employees, Members, Partners and Stockholders. 29 Section 201. Forms Generally 29 Section 202. Form of Face of Security. 31 Section 203. Form of Reverse of Securities 44 Section 204. Form of Guarantee. 53 Section 301. Title and Terms. 59 Section 302. Denominations. 60 Section 303. Execution, Authentication, Delivery and Dating. 60 Section 304. Temporary Securities. 61 Section 305. Registration, Registration of Transfer and Exchange. 62 Section 306. Book Entry Provisions for Global Securities. 63 Section 307. Special Transfer and Exchange Provisions. 65 Section 308. Mutilated, Destroyed, Lost and Stolen Securities 67 Section 309. Payment of Interest; Interest Rights Preserved. 68 Section 310. CUSIP Numbers 69 Section 311. Persons Deemed Owners. 69 Section 312. Cancellation. 70 Section 313. Computation of Interest. 70 Section 401. Company’s Option to Effect Defeasance or Covenant Defeasance 70 Section 402. Defeasance and Discharge. 70 Section 403. Covenant Defeasance. 71 Section 404. Conditions to Defeasance or Covenant Defeasance. 71 Section 405. Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. 73 Section 406. Reinstatement 74 Section 501. Events of Default. 75 Section 502. Acceleration of Maturity; Rescission and Annulment. 76 Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee 77 Section 504. Trustee May File Proofs of Claim. 78 Section 505. Trustee May Enforce Claims without Possession of Securities. 79 Section 506. Application of Money Collected 79 Section 507. Limitation on Suits 80 Section 508. Unconditional Right of Holders to Receive Principal, Premium and Interest 80 Section 509. Restoration of Rights and Remedies 81 Section 510. Rights and Remedies Cumulative 81 Section 511. Delay or Omission Not Waiver 81 Section 512. Control by Holders 81 Section 51325. Waiver of Past DefaultsJury Trial 27 Section 26. 82 Section 514. Undertaking for Costs. 82 Section 515. Waiver Severability 27 SCHEDULES: Schedule 1 Pledged Investment Property and Deposit Accounts Owned by Original Lien Grantors EXHIBITS: Exhibit A Security Agreement Supplement Exhibit B Perfection Certificate THIS SECURITY AGREEMENT (this “Agreement”) is entered into as of StayJuly 30, Extension or Usury Laws 82 Section 516. Remedies Subject to Applicable Law. 83 Section 601. Duties of Trustee 83 Section 602. Notice of Defaults. 84 Section 603. Certain Rights of Trustee. 84 Section 604. Trustee Not Responsible for Recitals, Dispositions of Securities or Application of Proceeds Thereof. 86 Section 605. Trustee and Agents May Hold Securities; Collections; etc. 86 Section 606. Money Held in Trust. 86 Section 607. Compensation and Indemnification of Trustee and Its Prior Claim. 87 Section 608. Conflicting Interests. 87 Section 609. Trustee Eligibility. 87 Section 610. Resignation and Removal; Appointment of Successor Trustee 88 Section 611. Acceptance of Appointment 2007 (the “Effective Date”) by Successor. 89 Section 612. Merger, Conversion, Consolidation or Succession to Business. 90 Section 613. Preferential Collection of Claims Against Company 90 Section 701. Company to Furnish Trustee Names and Addresses of Holders. 91 Section 702. Disclosure of Names and Addresses of Holders. 91 Section 703. Reports by Trustee. 91 Section 704. Reports by Company and Guarantors. 92 Section 801. Company and Guarantors May Consolidate, etcEVERGREEN ENERGY INC., Only on Certain Terms. 93 Section 802. Successor Substituted 95 Section 901. Supplemental Indentures a Delaware corporation (the “Issuer”), EVERGREEN OPERATIONS, LLC, a Delaware limited liability company (“Evergreen Operations”), KFX PLANT, LLC, a Wyoming limited liability company (“KFx Plant”), KFX OPERATIONS, LLC, a Wyoming limited liability company (“KFx Operations”), LANDRICA DEVELOPMENT COMPANY, a South Dakota corporation (“Landrica”), and Agreements without Consent BUCKEYE INDUSTRIAL MINING CO., an Ohio corporation (“Buckeye,” and together with Evergreen Operations, KFx Plant, KFx Operations and Landrica, the “Subsidiary Guarantors”) in favor of Holders. 96U.S. BANK NATIONAL ASSOCIATION, in its capacity as Collateral Agent and Trustee (the “Collateral Agent”) for the benefit of the Holders (as defined below).

Page. “Redemption Date” Supplemental Indentures Without Consent of Noteholders 16 Section 6.02 Modification and Amendment with Consent of Noteholders 17 “Redemption Price” Section 6.03 Effect of Supplemental Indentures 17 “Registration Section 6.04 Article Nine of Base Indenture 17 ARTICLE VII CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE 17 Section 7.01 Company May Consolidate, Etc. on Certain Terms 17 ARTICLE VIII CONVERSION OF NOTES 17 Section 8.01 Conversion Privilege 17 Section 8.02 Conversion Procedures 21 Section 8.03 Reserved 26 Section 8.04 Adjustment of Conversion Rate 26 Section 8.05 Shares to be Fully Paid 34 Section 8.06 Effect of Reclassification, Consolidation, Merger or Sale 34 Section 8.07 Certain Covenants 35 Section 8.08 Responsibility of Trustee 35 Section 8.09 Notice to Holders Prior to Certain Actions 36 Section 8.10 Shareholder Rights Agreement” 17 “Registration Statement” 18 “Regular Record Date” 18 “Regulation S” 18 “Regulation S Global Securities” 18 “Responsible Officer” 18 “Replacement Assets” 18 “Restricted Subsidiary” 18 “Revolving Facility” 18 “Rule 144A” 19 “Rule 144A Global Securities” 19 “S&P” 19 “Plans 37 Section 8.11 Ownership Limit 37 ARTICLE IX REPURCHASE OF NOTES AT OPTION OF HOLDERS 37 Section 9.01 Repurchase of Securities Act” 19 “Senior Guarantor Indebtedness” 19 “Senior Guarantor Representative” 19 “Senior Indebtedness” 19 “Senior Representative” 20 “Series B Global Securities” 20 “Shelf Registration Statement” 20 “Significant Restricted Subsidiary” 20 “▇▇▇▇▇ Subordinated Loan” 20 “Special Record Date” 21 “Stated Maturity” 21 “Subordinated Indebtedness” 21 “Subsidiary” 21 “at Option of the Holder on Specified Dates 37 Section 9.02 Repurchase at Option of Holders Upon a Fundamental Change 41 ARTICLE X MISCELLANEOUS PROVISIONS 45 Section 10.01 Ratification of Base Indenture 45 Section 10.02 Provisions Binding on Company’s Successors 45 Section 10.03 Official Acts by Successor Security” 21 “Temporary Cash Investments” 21 “Trustee” 22 “Trust Indenture Act” 22 “Unrestricted Subsidiary” 22 “Unrestricted Subsidiary Indebtedness” 22 “Voting Stock” 22 “Wholly-Owned Restricted Subsidiary” 22 Corporation 45 Section 102 Other Definitions. 22 Section 103. Compliance Certificates and Opinions. 23 Section 104. Form of Documents Delivered to Trustee. 24 Section 105. Acts of Holders. 25 Section 106. 10.04 Addresses for Notices, etc., to the Trustee, the Company and any Guarantor. 26 Etc 45 Section 107. Notice to Holders; Waiver. 27 10.05 Governing Law 45 Section 108. Conflict with Trust 10.06 Non-Business Day 46 Section 10.07 Benefits of Indenture Act. 27 46 Section 109. Effect of Headings and 10.08 Table of Contents. 27 , Headings, Etc 46 Section 110. Successors 10.09 Execution in Counterparts 46 Section 10.10 Trustee 46 Section 10.11 Further Instruments and Assigns 27 Acts 46 Section 111. Separability Clause. 28 Section 112. Benefits of Indenture 28 SECTION 113. GOVERNING LAW 28 Section 114. Legal Holidays. 28 Section 115. Independence of Covenants. 28 Section 116. Schedules and Exhibits. 28 Section 117. Counterparts. 29 Section 118. No Personal Liability of Directors, Officers, Employees, Members, Partners and Stockholders. 29 Section 201. Forms Generally 29 Section 202. Form of Face of Security. 31 Section 203. Form of Reverse of Securities 44 Section 204. Form of Guarantee. 53 Section 301. Title and Terms. 59 Section 302. Denominations. 60 Section 303. Execution, Authentication, Delivery and Dating. 60 Section 304. Temporary Securities. 61 Section 305. Registration, Registration of Transfer and Exchange. 62 Section 306. Book Entry Provisions for Global Securities. 63 Section 307. Special Transfer and Exchange Provisions. 65 Section 308. Mutilated, Destroyed, Lost and Stolen Securities 67 Section 309. Payment of Interest; Interest Rights Preserved. 68 Section 310. CUSIP Numbers 69 Section 311. Persons Deemed Owners. 69 Section 312. Cancellation. 70 Section 313. Computation of Interest. 70 Section 401. Company’s Option to Effect Defeasance or Covenant Defeasance 70 Section 402. Defeasance and Discharge. 70 Section 403. Covenant Defeasance. 71 Section 404. Conditions to Defeasance or Covenant Defeasance. 71 Section 405. Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. 73 Section 406. Reinstatement 74 Section 501. Events of Default. 75 Section 502. Acceleration of Maturity; Rescission and Annulment. 76 Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee 77 Section 504. Trustee May File Proofs of Claim. 78 Section 505. Trustee May Enforce Claims without Possession of Securities. 79 Section 506. Application of Money Collected 79 Section 507. Limitation on Suits 80 Section 508. Unconditional Right of Holders to Receive Principal, Premium and Interest 80 Section 509. Restoration of Rights and Remedies 81 Section 510. Rights and Remedies Cumulative 81 Section 511. Delay or Omission Not Waiver 81 Section 512. Control by Holders 81 Section 513. 10.12 Waiver of Past Defaults. 82 Jury Trial 46 Section 514. Undertaking for Costs. 82 Section 515. Waiver of Stay, Extension or Usury Laws 82 Section 516. Remedies Subject to Applicable Law. 83 Section 601. Duties of Trustee 83 Section 602. Notice of Defaults. 84 Section 603. Certain Rights of Trustee. 84 Section 604. Trustee Not Responsible for Recitals, Dispositions of Securities or Application of Proceeds Thereof. 86 Section 605. Trustee and Agents May Hold Securities; Collections; etc. 86 Section 606. Money Held in Trust. 86 Section 607. Compensation and Indemnification of Trustee and Its Prior Claim. 87 Section 608. Conflicting Interests. 87 Section 609. Trustee Eligibility. 87 Section 610. Resignation and Removal; Appointment of Successor Trustee 88 Section 611. Acceptance of Appointment by Successor. 89 Section 612. Merger, Conversion, Consolidation or Succession to Business. 90 Section 613. Preferential Collection of Claims Against Company 90 Section 701. Company to Furnish Trustee Names and Addresses of Holders. 91 Section 702. Disclosure of Names and Addresses of Holders. 91 Section 703. Reports by Trustee. 91 Section 704. Reports by Company and Guarantors. 92 Section 801. Company and Guarantors May Consolidate, etc., Only on Certain Terms. 93 Section 802. Successor Substituted 95 Section 901. Supplemental Indentures and Agreements without Consent of Holders. 9610.13 Force Majeure 46

Page. “Redemption Date” 17 “Redemption Price” 17 “Registration Section 1. Certain Definitions 1 Section 2. Appointment of Rights Agreement” 17 “Registration Statement” 18 “Regular Record Date” 18 “Regulation S” 18 “Regulation S Global Securities” 18 “Responsible Officer” 18 “Replacement Assets” 18 “Restricted Subsidiary” 18 “Revolving Facility” 18 “Rule 144A” 19 “Rule 144A Global Securities” 19 “S&P” 19 “Securities Act” 19 “Senior Guarantor Indebtedness” 19 “Senior Guarantor Representative” 19 “Senior Indebtedness” 19 “Senior Representative” 20 “Series B Global Securities” 20 “Shelf Registration Statement” 20 “Significant Restricted Subsidiary” 20 “▇▇▇▇▇ Subordinated Loan” 20 “Special Record Date” 21 “Stated Maturity” 21 “Subordinated Indebtedness” 21 “Subsidiary” 21 “Successor Security” 21 “Temporary Cash Investments” 21 “Trustee” 22 “Trust Indenture Act” 22 “Unrestricted Subsidiary” 22 “Unrestricted Subsidiary Indebtedness” 22 “Voting Stock” 22 “Wholly-Owned Restricted Subsidiary” 22 Agent 6 Section 102 Other Definitions3. 22 Issue of Rights Certificates 6 Section 103. Compliance Certificates and Opinions. 23 Section 1044. Form of Documents Delivered to TrusteeRights Certificates 8 Section 5. 24 Countersignature and Registration 8 Section 1056. Acts of Holders. 25 Section 106. NoticesTransfer, etc.Split Up, to the Trustee, the Company and any Guarantor. 26 Section 107. Notice to Holders; Waiver. 27 Section 108. Conflict with Trust Indenture Act. 27 Section 109. Effect of Headings and Table of Contents. 27 Section 110. Successors and Assigns 27 Section 111. Separability Clause. 28 Section 112. Benefits of Indenture 28 SECTION 113. GOVERNING LAW 28 Section 114. Legal Holidays. 28 Section 115. Independence of Covenants. 28 Section 116. Schedules and Exhibits. 28 Section 117. Counterparts. 29 Section 118. No Personal Liability of Directors, Officers, Employees, Members, Partners and Stockholders. 29 Section 201. Forms Generally 29 Section 202. Form of Face of Security. 31 Section 203. Form of Reverse of Securities 44 Section 204. Form of Guarantee. 53 Section 301. Title and Terms. 59 Section 302. Denominations. 60 Section 303. Execution, Authentication, Delivery and Dating. 60 Section 304. Temporary Securities. 61 Section 305. Registration, Registration of Transfer and Exchange. 62 Section 306. Book Entry Provisions for Global Securities. 63 Section 307. Special Transfer Combination and Exchange Provisions. 65 Section 308. of Rights Certificates; Mutilated, Destroyed, Lost and or Stolen Securities 67 Rights Certificates 9 Section 3097. Payment Exercise of InterestRights; Interest Rights Preserved. 68 Section 310. CUSIP Numbers 69 Section 311. Persons Deemed Owners. 69 Section 312. Cancellation. 70 Section 313. Computation of Interest. 70 Section 401. Company’s Option to Effect Defeasance or Covenant Defeasance 70 Section 402. Defeasance and Discharge. 70 Section 403. Covenant Defeasance. 71 Section 404. Conditions to Defeasance or Covenant Defeasance. 71 Section 405. Deposited Money and U.S. Government Obligations to Be Held in TrustPurchase Price; Other Miscellaneous Provisions. 73 Section 406. Reinstatement 74 Section 501. Events of Default. 75 Section 502. Acceleration of Maturity; Rescission and Annulment. 76 Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee 77 Section 504. Trustee May File Proofs of Claim. 78 Section 505. Trustee May Enforce Claims without Possession of Securities. 79 Section 506. Application of Money Collected 79 Section 507. Limitation on Suits 80 Section 508. Unconditional Right of Holders to Receive Principal, Premium and Interest 80 Section 509. Restoration Expiration Date of Rights 10 Section 8. Cancellation and Remedies 81 Destruction of Rights Certificates 11 Section 5109. Reservation and Availability of Capital Stock 11 Section 10. Preferred Stock Record Date 13 Section 11. Adjustment of Purchase Price, Number and Kind of Shares or Number of Rights 13 Section 12. Certificate of Adjusted Purchase Price or Number of Shares 21 Section 13. Consolidation, Merger or Sale or Transfer of Assets or Earning Power 21 Section 14. Fractional Rights and Fractional Shares 23 Section 15. Rights and Remedies Cumulative 81 of Action 24 Section 51116. Delay Agreement of Rights Holders 24 Section 17. Rights Certificate Holder Not Deemed a Stockholder 25 Section 18. Concerning the Rights Agent 25 Section 19. Merger or Omission Not Waiver 81 Consolidation or Change of Name of Rights Agent 26 Section 512. Control by Holders 81 Section 513. Waiver of Past Defaults. 82 Section 514. Undertaking for Costs. 82 Section 515. Waiver of Stay, Extension or Usury Laws 82 Section 516. Remedies Subject to Applicable Law. 83 Section 60120. Duties of Trustee 83 Rights Agent 27 Section 60221. Change of Rights Agent 29 Section 22. Issuance of New Rights Certificates 29 Section 23. Redemption and Termination 30 Section 24. Exchange 30 Section 25. Notice of DefaultsCertain Events 31 Section 26. 84 Notices 32 Section 60327. Certain Rights Supplements and Amendments 33 Section 28. Successors 33 Section 29. Determinations and Actions by the Board of Trustee. 84 Section 604. Trustee Not Responsible for RecitalsDirectors, Dispositions of Securities or Application of Proceeds Thereof. 86 Section 605. Trustee and Agents May Hold Securities; Collections; etc. 86 33 Section 60630. Money Held in TrustBenefits of this Agreement 34 Section 31. 86 Severability 34 Section 60732. Compensation and Indemnification Governing Law 34 Section 33. Counterparts 34 Section 34. Descriptive Headings 34 Exhibit A — Form of Trustee and Its Prior Claim. 87 Section 608. Conflicting Interests. 87 Section 609. Trustee Eligibility. 87 Section 610. Resignation and Removal; Appointment Certificate of Successor Trustee 88 Section 611. Acceptance Designation Exhibit B — Form of Appointment by Successor. 89 Section 612. MergerRights Certificate Exhibit C — Form of Summary of Rights STOCKHOLDER RIGHTS AGREEMENT, Conversiondated as of , Consolidation or Succession to Business. 90 Section 613. Preferential Collection of Claims Against Company 90 Section 701. Company to Furnish Trustee Names and Addresses of Holders. 91 Section 702. Disclosure of Names and Addresses of Holders. 91 Section 703. Reports by Trustee. 91 Section 704. Reports by Company and Guarantors. 92 Section 801. Company and Guarantors May Consolidate2005 (the “Agreement”), etcbetween ▇▇▇▇▇*s, INC., Only on Certain Terms. 93 Section 802. Successor Substituted 95 Section 901. Supplemental Indentures a Delaware corporation (the “Company”), and Agreements without Consent of Holders. 96AMERICAN STOCK TRANSFER & TRUST COMPANY as Rights Agent (the “Rights Agent”).