CONFORMED COPY
SPELL C. LLC
NOTE PURCHASE AGREEMENT
Dated as of December 23, 1997
Zero Coupon Secured Notes
TABLE OF CONTENTS
Page
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ARTICLE 1
INTRODUCTORY MATTERS; ISSUANCE OF NOTES
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Section 1.01. Purchase and Sale of the Notes; the Closing.................. 1
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Section 1.02. Waiver of Closing Conditions................................. 1
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ARTICLE 2
REPRESENTATIONS OF THE ISSUER
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Section 2.01. Organization; Power and Authority............................ 2
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Section 2.02. Authorization, Etc........................................... 2
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Section 2.03. Material Adverse Change...................................... 2
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Section 2.04. Capitalization; Subsidiaries................................. 2
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Section 2.05. Liabilities.................................................. 3
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Section 2.06. Compliance with Laws, Other Instruments of the
Issuer, Etc.................................................. 3
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Section 2.07. Governmental Approvals....................................... 3