HAWAIIAN ELECTRIC INDUSTRIES, INC. $125,000,000 4.41% Series 2011A Senior Notes, Tranche 1, due March 24, 2016 5.67% Series 2011A Senior Notes, Tranche 2, due March 24, 2021 MASTER NOTE PURCHASE AGREEMENT DATED AS OF MARCH 24, 2011Master Note Purchase Agreement • March 28th, 2011 • Hawaiian Electric Industries Inc • Electric services • New York
Hawaiian Electric Industries, Inc., a Hawaii corporation (together with any successor thereto that becomes such in the manner prescribed in Section 10.2, the “Company”), agrees with each of the purchasers (each, a “Purchaser” and, collectively, the “Purchasers”) whose names appear at the end of this Master Note Purchase Agreement (as amended, supplemented, or otherwise modified from time to time, this “Agreement”) as follows:
