EXHIBIT 4.63
Officers Certificate
[], 2011
The undersigned, on behalf of ProLogis, L.P. (the Company), acting pursuant to
resolutions adopted by the Board of Directors (the Board) of ProLogis, Inc., general
partner of the Company, on [], 2011, hereby establish a series of debt securities by means of this
Officers Certificate in accordance with the Indenture, dated as of [], 2011 (the Base
Indenture, and as supplemented by the First Supplemental Indenture thereto, the Second
Supplemental Indenture thereto, the Third Supplemental Indenture thereto and the Fourth
Supplemental Indenture thereto, the Indenture), among the Company, ProLogis, Inc., as
parent guarantor, and U.S. Bank National Association, as trustee (the Trustee).
Capitalized terms used but not defined in this Officers Certificate shall have the meanings
ascribed to them in the Indenture.
9.34% Notes due 2015
1. The series shall be entitled the 9.34% Notes due 2015 (the Notes).
2. The Notes initially shall be limited to an aggregate principal amount of $[] (except in
each case for Notes authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Notes of or within the Series pursuant to Section 304, 305, 306, 906,
1107 or 1305 of the Base Indenture); provided, the Company may increase such aggregate principal
amount upon the action of the Board to do so from time to time.
3. The Notes shall bear interest at the rate of 9.34% per annum. The interest on this Series
shall accrue from March 1, 2011 or from the most recent Interest Payment Date (as defined herein)
to which interest has been paid or duly provided for. Interest on the Notes will be payable
semi-annually on March 1 and September 1 of each year (each an Interest Payment Date), commencing
on September 1, 2011. Interest shall be paid to persons in whose names the Notes are registered on
the February 15 and August 15 preceding the Interest Payment Date (each a Regular Record Date).
4. Payment of the principal of and interest, if any, on the Notes (or Make-Whole Amount, if
applicable) will be made, the Notes may be surrendered for registration of transfer or exchange and
notices or demands to or upon the Company in respect of the Notes and the Indenture may be served
at the corporate trust office of the Trustee, initially located at 100 Wall Street, Suite 1600, New
York, New York 10005, Attention: Corporate Trust Division.
5. Installments of principal on each
$1,000 principal amount of the Notes are paid
annually on each March 1 (a Principal Payment Date) in the
following amounts: $150 in 2012,
$175 in 2013, $200 in 2014 and $250 in 2015. The remaining $225 of
principal will be paid at or prior to the Stated Maturity. Principal installments on the Notes will be payable
on the applicable Principal Payment Date to the persons in whose name the applicable Notes are
registered in the Security Register on the preceding February 15 (whether or not a Business Day).
6. The Notes may be redeemed at any time at the option of the Company, in whole or in part, at
a redemption price equal to the sum of (i) the principal amount of the Notes being
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redeemed plus accrued interest thereon to the Redemption Date and (ii) the Make-Whole Amount,
if any, with respect to such Notes.
The following definitions apply with respect to any redemption of the Notes at the option of
the Company:
Make-Whole Amount means, in connection with any optional redemption or accelerated payment
of any Note, the excess, if any, of (i) the aggregate present value as of the date of such
redemption or accelerated payment of each dollar of principal being redeemed or paid and the amount
of interest (exclusive of interest accrued to the date of redemption or accelerated payment) that
would have been payable in respect of such dollar if such redemption or accelerated payment had not
been made, determined by discounting, on a semiannual basis, such principal and interest at the
Reinvestment Rate (determined on the third Business Day preceding the date such notice of
redemption is given or declaration of acceleration is made) from the respective dates on which such
principal and interest would have been payable if such redemption or accelerated payment had not
been made, over (ii) the aggregate principal amount of the Notes being redeemed or paid.
Reinvestment Rate means .25% (one-fourth of one percent) plus the arithmetic mean of the
yields under the respective headings This Week and Last Week published in the Statistical
Release under the caption Treasury Constant Maturities for the maturity (rounded to the nearest
month) corresponding to the remaining life to maturity, as of the payment date of the principal
being redeemed or paid. If no maturity exactly corresponds to such maturity, yields for the two
published maturities most closely corresponding to such maturity shall be calculated pursuant to
the immediately preceding sentence and the Reinvestment Rate shall be interpolated or extrapolated
from such yields on a straight-line basis, rounding in each of such relevant periods to the nearest
month. For the purposes of calculating the Reinvestment Rate, the most recent Statistical Release
published prior to the date of determination of the Make-Whole Amount shall be used.
Statistical Release means the statistical release designated H.15(519) or any successor
publication which is published weekly by the Federal Reserve System and which establishes yields on
actively traded United States government securities adjusted to constant maturities or, if such
statistical release is not published at the time of any determination under the Indenture, then
such other reasonably comparable index which shall be designated by the Company.
7. The Notes shall not provide for any sinking fund or analogous provision. None of the Notes
shall be redeemable at the option of the Holder.
8. The Notes are issuable only in registered form without coupons in denominations of $1,000
and any integral multiple of $1,000 in excess thereof.
9. The Security Registrar and Paying Agent for the Notes shall be the Trustee.
10. The principal amount of the Notes shall be payable upon declaration of acceleration
pursuant to Section 502 of the Base Indenture.
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11. The Notes shall be denominated in and principal of or interest on the Notes (or Make-Whole
Amount, if applicable) shall be payable in such coin or currency of the United States of America as
at the time of payment is legal tender for payment of public and private debts.
12. Except as provided in paragraph 6 of this Officers Certificate the amount of payments of
principal of or interest on the Notes (or Make-Whole Amount, if applicable) shall not be determined
with reference to an index or formula.
13. None of the principal of or interest on the Notes (or Make-Whole Amount, if applicable)
will be payable at the election of the Company or a Holder thereof in a currency or currencies,
currency unit or units or composite currency or currencies other than that in which the Notes are
denominated or stated to be payable.
14. Except as set forth in the Indenture or the Trust Indenture Act of 1939, the Notes shall
not contain any provisions granting special rights to the Holders of Notes upon the occurrence of
specified events.
15. The Notes shall not contain any deletions from, modifications of or additions to the
Events of Default or covenants of the Company contained in the Indenture.
16. The Notes shall be issued in the form of permanent global Securities as set forth in
Section 305 of the Base Indenture.
17. The Notes will not be issued in the form of bearer Securities or temporary global
Securities.
18. Sections 1402 and 1403 of the Base Indenture shall be applicable to the Notes.
19. The Notes will not be issued upon the exercise of debt warrants.
20. The Notes shall not provide for the payment of Additional Amounts.
21. Article Sixteen of the Base Indenture shall be applicable to the Notes.
22. The other terms and conditions of the Notes shall be substantially as set forth in the
Indenture and in the Prospectus dated [], 2011 relating to the Notes.
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IN WITNESS WHEREOF, the undersigned have executed this Officers Certificate on the date first
written above.
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[Officers Certificate 9.34% Notes due 2015]