Document:

EX-4.1

 Exhibit 4.1 
  

 
  

SOUTHERN CALIFORNIA GAS 

COMPANY 
 TO 

U.S. BANK NATIONAL ASSOCIATION 

(successor by merger to U.S. Bank Trust National Association, 

formerly known as First Trust of California, National Association) 

TRUSTEE 
  

 
 SUPPLEMENTAL
INDENTURE 
 To Indenture dated October 1, 1940 

 
  

Dated as of June 4, 2019 
  

 
  

 TABLE OF CONTENTS 
  

							
	 	  	 	  	PAGE	 
	 PARTIES
	  	 	1	 
		
	 RECITALS
	  	 	1	 
		
	 GRANTING CLAUSES
	  	 	3	 
		
	 HABENDUM AND DECLARATION
OF TRUST
	  	 	5	 
		
	 ARTICLE I     AMOUNT, FORM,
NUMBERING, DENOMINATION, TRANSFER AND EXCHANGE OF SERIES WW BONDS, DUE 2050
	  	 	5	 
			
	SECTION 1.01.	  	AUTHORIZED AMOUNT OF SERIES WW BONDS, DUE 2050	  	 	5	 
			
	SECTION 1.02.	  	SERIES WW BONDS, DUE 2050; ISSUABLE AS FULLY REGISTERED BONDS	  	 	6	 
			
	SECTION 1.03.	  	GLOBAL SECURITIES	  	 	6	 
			
	SECTION 1.04.	  	FORM OF LEGEND FOR GLOBAL SECURITY	  	 	7	 
			
	SECTION 1.05.	  	FORM OF REGISTERED BONDS AND CERTIFICATE	  	 	8	 
			
	SECTION 1.06.	  	OTHER PROVISIONS AND ENDORSEMENTS	  	 	8	 
			
	SECTION 1.07.	  	DENOMINATIONS; NUMBER	  	 	8	 
			
	SECTION 1.08.	  	EXCHANGEABILITY OF SERIES WW BONDS, DUE 2050	  	 	8	 
			
	SECTION 1.09.	  	OFFICES OR AGENCIES FOR PAYMENT, REGISTRATION, TRANSFER AND EXCHANGE OF
SERIES WW BONDS, DUE 2050	  	 	8	 
			
	SECTION 1.10.	  	CERTAIN CONDITIONS AS TO TRANSFER, ETC., OF SERIES WW BONDS, DUE
2050	  	 	8	 
		
	 ARTICLE II     INTEREST, MATURITY
DATE, REDEMPTION AND CERTAIN OTHER PROVISIONS OF SERIES WW BONDS, DUE 2050
	  	 	9	 
			
	 SECTION 2.01.
	  	INTEREST RATE, MATURITY DATE AND PLACES AND MEDIUM OF PAYMENT
OF SERIES WW BONDS, DUE 2050	  	 	9	 
			
	 SECTION 2.02.
	  	REDEMPTION OF SERIES WW BONDS, DUE 2050	  	 	9	 
			
	 SECTION 2.03.
	  	CANCELLATION OF SERIES WW BONDS, DUE 2050 	  	 	9	 
			
	 SECTION 2.04.
	  	OTHER PROVISIONS OF SERIES WW BONDS, DUE 2050	  	 	9	 
			
	 SECTION 2.05.
	  	RENEWAL FUND FOR SERIES WW BONDS, DUE 2050	  	 	9	 
			
	 SECTION 2.06.
	  	DEFEASANCE OF SERIES WW BONDS, DUE 2050	  	 	9	 

  
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	 	  	 	  	PAGE	 
		
	 ARTICLE III     SUNDRY
PROVISIONS
	  	 	11	 
			
	 SECTION 3.01.
	  	TRUSTEE NOT RESPONSIBLE FOR RECITALS; RECORDATION OF SUPPLEMENTAL INDENTURE
AS REQUIRED BY LAW	  	 	11	 
			
	 SECTION 3.02.
	  	DATE OF SUPPLEMENTAL INDENTURE AND SERIES WW BONDS, DUE 2050, ARE DATES
OF IDENTIFICATION	  	 	11	 
			
	 SECTION 3.03.
	  	SUPPLEMENTAL INDENTURE DEEMED TO BE PART OF BASE INDENTURE	  	 	11	 
			
	 SECTION 3.04.
	  	TRUSTEE ACCEPTS TRUSTS ON SAME TERMS EXPRESSED IN BASE INDENTURE	  	 	11	 
			
	 SECTION 3.05.
	  	EXECUTION OF SUPPLEMENTAL INDENTURE IN COUNTERPARTS	  	 	11	 
			
	 SECTION 3.06.
	  	DEFINED TERMS	  	 	11	 
			
	 SECTION 3.07.
	  	CONFLICTING PROVISIONS	  	 	12	 
			
	 SECTION 3.08.
	  	GOVERNING LAW	  	 	12	 
			
	 SECTION 3.09.
	  	OTHER SUNDRY PROVISIONS	  	 	12	 
		
	TESTIMONIUM	  			
		
	SIGNATURES AND SEALS	  			
			
	EXHIBIT A	  		  	 	A-1	 

  
 ii 

 THIS SUPPLEMENTAL INDENTURE, dated as of June 4, 2019 (this “Supplemental
Indenture”), is made and entered into in the City of Los Angeles, State of California by and between SOUTHERN CALIFORNIA GAS COMPANY, a corporation duly organized and existing under the laws of the State of California, and having its
principal place of business in the City of Los Angeles, State of California (hereinafter sometimes called the “Corporation”) and U.S. BANK NATIONAL ASSOCIATION (successor by merger to U.S. Bank Trust National Association, formerly
known as First Trust of California, National Association), an association duly organized and existing under the laws of the United States of America and having a corporate trust office in the City and County of Los Angeles, State of California
(hereinafter, together with its predecessors and successors, if any, as trustees under the Indenture referred to below, sometimes called the “Trustee”). 

WITNESSETH: 
 WHEREAS, the
Corporation has executed and delivered to the Trustee a certain First Mortgage Indenture (hereinafter referred to as the “Base Indenture”) dated October 1, 1940, to secure bonds of the Corporation designated generally as its
“First Mortgage Bonds” to be issued from time to time in one or more series, any of which series may vary from any other as to certain particulars specified in Section 2.01 of the Base Indenture, and the Corporation has
executed and delivered to the Trustee supplemental indentures dated, respectively, as of July 1, 1947, May 1, 1948, June 1, 1950, April 1, 1952, August 1, 1955, June 1, 1956, December 1, 1956, July 1, 1957,
October 1, 1959, July 1, 1963, September 1, 1964, June 1, 1965, December 1, 1966, October 1, 1970, August 1, 1972, September 1, 1972, October 1, 1974, May 1, 1976, October 1, 1977,
November 1, 1979, February 1, 1981, September 15, 1981, April 1, 1982, August 15, 1983, May 18, 1984, December 16, 1985, March 1, 1986, November 15, 1986, December 1, 1986, January 15, 1988,
June 15, 1988, November 1, 1988, December 1, 1990, October 1, 1991, August 15, 1992, December 15, 1992, March 1, 1993, June 15, 1993, November 1, 1993, November 15, 1993, October 1, 2002,
October 17, 2003, December 15, 2003, December 10, 2004, November 18, 2005, November 21, 2008, November 18, 2010, September 21, 2012, March 13, 2014, September 11, 2014, June 18, 2015, June 18,
2015, June 3, 2016, May 15, 2018 and September 24, 2018 supplementing and amending the Base Indenture (each, a “Prior Supplemental Indenture,” and the Base Indenture together with all Prior Supplemental Indentures and
this Supplemental Indenture being herein collectively referred to as the “Indenture”); and 
 WHEREAS, the Base Indenture
and the Prior Supplemental Indentures dated, respectively, as of July 1, 1947, May 1, 1948, June 1, 1950, April 1, 1952 and August 1, 1955, are recorded in the office of the County Recorder of the Counties
listed below in the Official Records thereof, to the extent stated in the Prior Supplemental Indenture dated as of June 1, 1956; the Prior Supplemental Indentures dated, respectively, as of June 1, 1956 and December 1, 1956, are so
recorded as stated in the Prior Supplemental Indenture dated as of July 1, 1957; the Prior Supplemental Indenture dated as of July 1, 1957 and each subsequently dated Prior Supplemental Indenture (other than the Prior Supplemental
Indenture dated as of September 24, 2018) is so recorded as stated in the Prior Supplemental Indenture dated as of the next succeeding date; and the Prior Supplemental Indenture dated as of September 24, 2018 is recorded in the offices of
the County Recorders in the Counties of the State of California, as follows: 

  
 1 

					
	 County
	    	 Reference
	    	 Date

			
	 Fresno
	    	Official Records, Document 2018-0117359-00	    	September 26, 2018                
			
	 Imperial
	    	Official Records, Document 2018018009	    	October 1, 2018
			
	 Kern
	    	Official Records, Document 218126493	    	September 26, 2018
			
	 Kings
	    	Official Records, Document 1816623	    	September 28, 2018
			
	 Los Angeles
	    	Official Records, Document 20180994581	    	September 28, 2018
			
	 Orange
	    	Official Records, Document 2018000352918	    	September 26, 2018
			
	 Riverside
	    	Official Records, Document 2018-0386295	    	September 27, 2018
			
	 San Bernardino
	    	Official Records, Document 2018-0357235	    	September 28, 2018
			
	 San Diego
	    	Official Records, Document 2018-0401655	    	September 26, 2018
			
	
San Luis Obispo               
 
	    	Official Records, Document 2018040457	    	October 1, 2018
			
	 Santa Barbara
	    	Official Records, Document 2018-0041355	    	September 26, 2018
			
	 Tulare
	    	Official Records, Document 2018-0056612	    	October 1, 2018
			
	 Ventura
	    	Official Records, Document 20180927-00110143-0	    	September 27, 2018

 WHEREAS, the Base Indenture and the Prior Supplemental Indentures dated, respectively, as of July 1,
1947, August 1, 1955, December 1, 1956, June 1, 1965, August 1, 1972, May 1, 1976 and September 15, 1981, copies of each of which were attached as Exhibit B to the Prior Supplemental
Indenture dated as of September 11, 2014 recorded in the offices of the County Recorders of San Diego County and San Luis Obispo County, are recorded in such counties to the extent stated in the Prior Supplemental Indentures dated as of
June 18, 2015; and 
 WHEREAS, bonds of the Corporation of nine (9) series designated, respectively, as its “First Mortgage
Bonds, Series KK, due 2035,” “First Mortgage Bonds, Series MM, due 2040,” “First Mortgage Bonds, Series NN, due 2042,” “First Mortgage Bonds, Series OO, due 2044,” “First Mortgage Bonds, Series PP, due
2024,” “First Mortgage Bonds, Series RR, due 2025,” “First Mortgage Bonds, Series TT, due 2026,” “First Mortgage Bonds, Series UU, due 2048” and “First Mortgage Bonds, Series VV, due 2049” are outstanding
as a part of the First Mortgage Bonds referred to in the Indenture, each such series of bonds, unless and until the taking of further appropriate action by the Board of Directors of the Corporation, being without limitation as to aggregate
authorized principal amount; and 
 WHEREAS, pursuant to the provisions of Sections 2.01 and 2.02 of the Indenture, the Board of Directors
has, by resolution duly adopted and delivered to the Trustee, authorized the creation, as a part of the First Mortgage Bonds referred to in the Indenture, a new series of bonds designated “First Mortgage Bonds, Series WW, due 2050” (the
“Series WW Bonds”), of the form, terms and provisions provided herein, which new series of bonds, unless and until the taking of further appropriate action by the Board of Directors, is to be without limitation as to aggregate
authorized principal amount and of which series of bonds in the aggregate principal amount of $350,000,000 are to be presently issued; and 

  
 2 

 WHEREAS, under the provisions of Sections 2.02 and 16.01 of the Indenture, the Corporation
and the Trustee may execute and deliver a Supplemental Indenture (i) to set forth the particulars, permitted by Section 2.01 of the Indenture, as to which the Series WW Bonds may vary from the bonds of the other series of the First
Mortgage Bonds, and (ii) for any purpose not inconsistent with the terms of the Indenture; and 
 WHEREAS, the making, executing,
delivering and recording of this Supplemental Indenture have been duly authorized by proper corporate action of the Corporation; and 

WHEREAS, the issuance of the Series WW Bonds and the encumbrance of the Corporation’s property to secure the Series WW Bonds pursuant to
this Supplemental Indenture have been authorized by the Public Utilities Commission of the State of California. 
 NOW, THEREFORE, in
consideration of the foregoing premises and of other good and valuable consideration, receipt of which is hereby acknowledged, and in order: (a) to set forth or specify (i) the form of the fully registered Series WW Bonds, and the form of
the legend to be endorsed on all Series WW Bonds, and (ii) the terms and provisions of the Series WW Bonds, including the particulars thereof which vary from the bonds of the other series of the First Mortgage Bonds; and (b) further to
secure the payment of the principal of and premium, if any, and interest on the bonds of the Corporation now or at any time hereafter outstanding under the Indenture, including specifically, but without limitation, all of the First Mortgage Bonds
now outstanding and the $350,000,000 aggregate principal amount of Series WW Bonds and further to secure the observance and performance of all of the covenants, agreements and conditions contained in the Indenture, and without in any way limiting
the generality or effect of the Indenture insofar as by any provision thereof any of the property therein or hereafter described or referred to is now subject or intended to be subject to the lien and operation thereof, but to such extent confirming
such lien and operation, the Corporation has executed and delivered this Supplemental Indenture and has granted, bargained, sold, released, conveyed, mortgaged, assigned, transferred, pledged, set over and confirmed, and does hereby grant, bargain,
sell, release, convey, mortgage, assign, transfer, pledge, set over and confirm unto U.S. Bank National Association, the Trustee, and to its successors or successors in the trust created by the Indenture, and to its and their assigns, forever, with
power of sale, subject, to the extent applicable by the terms of the Indenture to any of the properties hereinafter referred to or described, to the exceptions (other than as expressly provided in the granting clauses of the Prior Supplemental
Indentures dated respectively as of June 1, 1956, July 1, 1957, October 1, 1959, July 1, 1963, September 1, 1964 and December 1, 1966 with respect to exception (f) set forth on page 67 of the
Base Indenture and reading as follows: “(f) Any gas and/or oil acreage, gas and/or oil wells, gas and/or oil reserves, or gas and/or oil leaseholds hereafter acquired by the Corporation, or any property or equipment now or hereafter owned by
the Corporation and used for the development of gas and/or oil acreage or for the drilling for or production of gas and/or oil from such acreage;” which exception (f) is by said granting clauses expressly made inapplicable to certain
therein specified parcels of property), reservations, conditions, terms and provisions provided in the Indenture with respect to properties subject or intended to be subject thereto, all of the properties and assets of the Corporation, real,
personal and mixed, of every kind and character, whether now or hereafter owned by the Corporation and wheresoever situated, including, without in any way limiting or modifying the generality or effect of the foregoing, all and singular, the
following properties: 

  
 3 

 FIRST: All and singular the plants, properties, equipment, real and personal property,
estates, interests, goodwill, generating, transmission, feeding, storing, and distribution systems, and utilities of the Corporation situated in the Counties of Fresno, Imperial, Kern, Kings, Los Angeles, Orange, Riverside, San Bernardino, San
Diego, San Luis Obispo, Santa Barbara, Tulare and Ventura, and elsewhere, in the State of California, with all and singular the franchises, ordinances, grants, easements, licenses, powers, immunities, permits, privileges, appurtenances, tenements
and other rights and property thereunto appertaining or belonging, as the same now exist and as the same and any and all parts thereof may hereafter exist or be improved, added to, enlarged, extended or acquired in said counties or elsewhere in said
state or any other state or states. 
 SECOND: All other property, real, personal and mixed, of every kind, nature and description
(including, without in any way limiting the effect or the generality hereof, all facilities; all stocks, bonds and other securities from time to time conveyed, assigned, transferred, mortgaged or pledged on behalf of the Corporation, or with its
consent, to the Trustee in the manner and for the purposes as provided in the Indenture; all gas manufacturing plants, boilers, engines, compressors, motors, pumps, generators, gasholders, tanks, appliances, oil storage facilities, gas storage
facilities, wells, buildings, structures, plants, works and other improvements; all gas transmission and distributing lines and systems; all meters and regulators and all other apparatus, machinery, appliances, tools, furniture, fixtures, supplies,
facilities and utilities and other personal property; or any right or interest in any thereof; all business and goodwill, rights, consents, franchises, ordinances, licenses, agreements, contracts, permits, easements, rights of way, leases and
leasehold interests; all powers, grants, privileges and immunities to construct, operate and maintain lines and other facilities or properties for conveying gas or other commodity or utility for any purpose or purposes through, under and over public
streets or highways, or public or private places or property; all reversions, remainders, tolls, incomes, revenues, earnings, rents, issues and profits of any property, real, personal and mixed; and all other classes and types of property described
or referred to in the Indenture), now or hereafter owned, held, possessed, acquired or enjoyed by or in any manner conferred upon or appertaining to the Corporation, including the interest of the Corporation in all leases now or hereafter owned by
it, together with all and singular the tenements, hereditaments, and appurtenances belonging or in any way appertaining to each and every part of any and all property subject or intended to be subject to the lien and operation of the Indenture, and
the reversion and reversions, remainder and remainders, tolls, incomes, revenues, earnings, rents, issues and profits thereof. 
 SAVING AND
EXCEPTING, however, from the property hereby mortgaged, conveyed in trust and/or pledged, all property, whether now owned by the Corporation or hereafter acquired by it, expressly saved and excepted from the lien of the Indenture and therein
referred to as the “excepted property” (except as otherwise expressly provided in any Prior Supplemental Indenture hereinabove mentioned with respect to exception (f) of said “excepted property”), unless and until, upon the
occurrence of an event of default under the Indenture, the Trustee, or any receiver appointed thereunder, shall take possession of any or all of such excepted property. 

  
 4 

 TO HAVE AND TO HOLD in trust with power of sale for the equal and proportionate benefit and
security of all holders of bonds of the Corporation, now or hereafter outstanding under the Indenture as from time to time in effect, and for the enforcement and payment of said bonds and premium, if any, and interest thereon when payable, and the
performance of and compliance with the covenants and conditions of the Indenture as from time to time in effect, without any preference, distinction or priority as to lien or otherwise of any of said bonds over any others thereof by reason of the
difference in the time of the actual issue, sale or negotiation thereof, or for any other reason whatsoever, except as otherwise expressly provided in the Indenture as from time to time in effect, so that each and every such bond shall have the same
lien and so that the principal of and premium, if any, and interest on every such bond shall, subject to the terms thereof, be equally and proportionately secured by said lien, as if such bond had been made, executed, delivered, sold and negotiated
simultaneously with the execution and delivery of the Base Indenture. 
 IT IS HEREBY COVENANTED, DECLARED, AND AGREED by and between the
parties hereto that all such bonds are issued, authenticated and delivered, or are to be issued, authenticated and delivered, and that all property subject, or to become subject, to the Indenture is to be held, subject to the covenants, conditions,
uses and trusts therein set forth. 
 ARTICLE I 

AMOUNT, FORM, NUMBERING, DENOMINATION, 

TRANSFER AND EXCHANGE OF 
 SERIES WW
BONDS, DUE 2050 
 Section 1.01. The Series WW Bonds may be issued at any time or from time to time upon and subject to the terms and
provisions of the Indenture, and $350 million aggregate principal amount of Series WW Bonds are to be presently issued. Unless and until the taking of further appropriate action by the Board of Directors of the Corporation the Series WW Bonds shall
be without limitation as to aggregate authorized principal amount and, without limitation to the foregoing, the Corporation may from time to time, without notice to or the consent of the registered holders of the Series WW Bonds, but upon and
subject to the terms and provisions of the Indenture, increase the principal amount of Series WW Bonds under the Indenture and issue such increased principal amount, or any portion thereof. Any additional Series WW Bonds so issued shall have the
same form and terms (other than offering price, the date of original issuance and, under certain circumstances, the date from which interest thereon shall begin to accrue and the first Interest Payment Date (as defined below)) as the Series WW Bonds
previously issued and shall form a single series of First Mortgage Bonds under the Indenture with the previously issued Series WW Bonds. 

  
 5 

 Section 1.02. The Series WW Bonds shall be issued only as fully registered bonds
without coupons. In addition, the Series WW Bonds may be issuable in whole or in part in the form of one or more securities that evidence all or part of the bonds of such series and are registered in the name of a depositary (as defined below) or a
nominee thereof for such series (each, a “Global Security”) and, in such case, the Board of Directors of the Corporation (or an authorized officer designated by the Board of Directors) shall appoint a clearing agency registered
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), designated to act as depositary (a “depositary”) for such Global Securities; the initial depositary so appointed is The Depository Trust
Company. 
 Section 1.03. In the event the Series WW Bonds are issued as Global Securities the following provisions, in addition to the
provisions of the Indenture, shall apply: 
 (a) Each Global Security authenticated under the Indenture shall be registered
in the name of the depositary designated for such Global Security or a nominee thereof and delivered to such depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Series WW Bond for all
purposes of this Supplemental Indenture. 
 (b) Notwithstanding any other provision in this Supplemental Indenture, no Global
Security may be exchanged in whole or in part for Series WW Bonds registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any person other than the depositary for such Global Security or a nominee
thereof unless (A) such depositary has notified the Corporation that it is unwilling or unable to continue as depositary for the Global Security or Global Securities, as the case may be, representing the Series WW Bonds and a successor
depositary has not been appointed by the Corporation within 90 days of receipt by the Corporation of such notification, (B) if at any time the depositary ceases to be a clearing agency registered under the Exchange Act at a time when the
depositary is required to be so registered to act as such depositary and no successor depositary shall have been appointed by the Corporation within 90 days after it became aware of the depositary’s ceasing to be so registered, (C) the
Corporation, in its sole discretion, executes and delivers to the Trustee a written order signed in the name of the Corporation by its Chairman of the Board, its President or a Vice President, and by its Treasurer, an Assistant Treasurer, its
Secretary or an Assistant Secretary to the effect that the Global Securities shall be exchangeable as described below, or (D) an “event of default” (as defined in Section 1.02 of the Indenture) has occurred and is continuing with
respect to the Series WW Bonds. If any of the events described in clauses (A) through (D) of the preceding sentence occur, the beneficial owners of interests in such Global Securities will be entitled to exchange those interests for
definitive Series WW Bonds and, without unnecessary delay but in any event not later than the earliest date on which those interests may be so exchanged, the Corporation will prepare and deliver to the Trustee definitive Series WW Bonds in such form
and denominations as are required by or pursuant to the Indenture, containing identical terms as and in an aggregate principal amount equal to the aggregate principal amount of such Global Securities, such bonds to be duly executed by the
Corporation. On or after the earliest date on which such beneficial interests may be so exchanged, such Global Securities shall be surrendered from time to time by the depositary as shall be specified in the order from the Corporation with respect
thereto (which the Corporation agrees to deliver) to the Trustee as the Corporation’s agent for such purpose, and in accordance with any instructions given to the Trustee and the depositary by the Corporation (which instructions shall be in
writing but need not be contained in or accompanied by an 

  
 6 

 
officers’ certificate or be accompanied by an opinion of counsel), to be exchanged, in whole or in part, for definitive Series WW Bonds as described above without charge. The Trustee shall
authenticate and make available for delivery, in exchange for each portion of each surrendered Global Security, a like aggregate principal amount of definitive Series WW Bonds of authorized denominations as the portion of such Global Security to be
exchanged. Promptly following any such exchange in part, such Global Security shall be returned by the Trustee to such depositary or its custodian. If a definitive Series WW Bond is issued in exchange for any portion of a Global Security after the
close of business at the place where such exchange occurs on or after (i) any regular record date for a regularly scheduled interest payment date (an “Interest Payment Date”) for such bond and before the opening of business at
that place of exchange on such Interest Payment Date, or (ii) any special record date for the payment of interest for such bond which was not punctually paid or duly provided for on any Interest Payment Date (“Defaulted
Interest”) and before the opening of business at such place of exchange on the related proposed date for the payment of such Defaulted Interest, as the case may be, interest shall not be payable on such Interest Payment Date or proposed
date for payment, as the case may be, in respect of such definitive bond, but shall be payable on the Interest Payment Date or proposed date for payment, as the case may be, only to the person to whom interest in respect of such portion of such
Global Security shall be payable in accordance with the provisions of the Indenture and the Series WW Bonds. 
 (c) Subject
to Clause (b) above, any exchange or transfer of a Global Security for other Series WW Bonds may be made in whole or in part, and all definitive Series WW Bonds issued in exchange for or upon transfer of a Global Security or any portion thereof
shall be registered in such names as the depositary for such Global Security shall direct. 
 (d) Every Series WW Bond
authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security or any portion thereof, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such bond is
registered in the name of a person other than the depositary for such Global Security or a nominee thereof. 
 Section 1.04. Unless
otherwise specified as contemplated by Section 2.01 for the bonds evidenced thereby, every Global Security authenticated and delivered hereunder shall bear a legend in substantially the following form: 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF
A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A
NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY OTHER PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN.

  
 7 

 Section 1.05. The fully registered Series WW Bonds without coupons and the certificate
of authentication to be endorsed on all Series WW Bonds shall be substantially in the form set forth on Exhibit A. 

Section 1.06. The Series WW Bonds may contain or have imprinted thereon such provisions or specifications not inconsistent with the
Indenture as may be required to comply with the rules of any stock exchange or any federal or state authority or commission, or to comply with usage with respect thereto, and may bear such other appropriate endorsements or notations as are
authorized or permitted by the Indenture. 
 Section 1.07. The fully registered Series WW Bonds shall be issuable in denominations of
$1,000, $5,000, $10,000, $25,000 or multiples of $25,000 and shall be dated as provided in paragraph 1 of Section 2.01 of the Base Indenture. The definitive Series WW Bonds shall be numbered in such manner as the Corporation shall at any time
or from time to time determine. 
 Section 1.08. In the manner and subject to certain conditions and limitations specified herein and
in the Indenture, Series WW Bonds may be exchanged without a service charge for a like aggregate principal amount of Series WW Bonds of other authorized denomination or denominations; provided that the Corporation may require payment of a sum or
sums sufficient to reimburse it for any stamp tax or other governmental charge payable in connection therewith. 
 Section 1.09. The
Corporation shall maintain in the City and County of San Francisco, State of California and in such other place or places as the Corporation may designate at any time or from time to time, an office or agency where Series WW Bonds may be presented
for payment, registration, transfer and exchange as provided therein or in the Indenture. Such office or agency in the City and County of San Francisco, State of California shall be the corporate trust office of the Trustee unless and until the
Corporation shall designate another office or agency by notice in writing delivered to the Trustee. The Corporation hereby also designates the corporate trust office of the Trustee in the City and County of Los Angeles, State of California as an
office or agency where Series WW Bonds may be presented for payment, registration, transfer and exchange as provided therein or in the Indenture; provided, that the Corporation shall have no obligation to continue to maintain such agency in the City
and County of Los Angeles, State of California. Notwithstanding the foregoing, if and when definitive certificated Series WW Bonds are issued under the circumstances set forth in clause (b) of Section 1.03 of this Article I, the
Corporation shall also maintain in the Borough of Manhattan, City and County of New York, State of New York, an office or agency where Series WW Bonds may be presented for payment, registration, transfer and exchange as provided therein or in the
Indenture. 
 Section 1.10. No transfer or exchange of any Series WW Bonds pursuant to any of the provisions of this Article I shall be
made except upon and in accordance with all of the applicable terms, provisions and conditions of said bonds and of the Indenture. 

  
 8 

 ARTICLE II 

INTEREST, MATURITY DATE, REDEMPTION AND CERTAIN
OTHER PROVISIONS OF SERIES WW BONDS, DUE 2050 

Section 2.01. The Series WW Bonds shall bear interest at the rate, shall be expressed to mature as to principal, and shall be payable as
to principal, premium, if any, and interest at such place or places and in such money, all as provided in the form of Series WW Bond set forth on Exhibit A hereto and by the applicable provisions of the Indenture. In addition, June 4,
2019 shall be an Interest Payment Date for the Series WW Bonds for purposes of paragraph 1 of Section 2.01 of the Base Indenture (as supplemented by the Prior Supplemental Indentures), provided that no interest shall be payable on such date.

 Section 2.02. The Series WW Bonds shall be subject to redemption prior to maturity as set forth in the form of Series WW Bond set
forth on Exhibit A, upon notice, in the manner and otherwise upon the terms and conditions and with the effect, as provided therein and by the applicable provisions of the Indenture. 

Section 2.03. The Corporation may at any time deliver to the Trustee for cancellation any Series WW Bonds previously authenticated and
delivered under the Indenture which the Corporation may have acquired in any manner whatsoever and all Series WW Bonds so delivered shall be promptly cancelled by the Trustee upon the request of the Corporation. 

Section 2.04. The Series WW Bonds shall, except as in this Supplemental Indenture otherwise expressly provided, be on the terms and
provisions, and shall represent such rights and be entitled to such benefits, as are applicable thereto by the terms of the Indenture. 

Section 2.05. The Series WW Bonds shall be entitled to the benefits of the Renewal Fund as provided in the Indenture. 

Section 2.06. The following Section 11.01A shall apply to the Series WW Bonds in lieu of Section 11.01 of the Base Indenture:

 “Section 11.01A If the Corporation, its successors or assigns, shall 

(a) pay or cause to be paid the principal of and premium, if any, and interest on the bonds and claims for interest thereon to
become due at the time and in the manner stipulated therein and herein, and/or 
 (b) provide for the payment of the bonds
and interest thereon by depositing in cash with the Trustee or other depositary satisfactory to it at any time at or before maturity the entire amount due or to become due thereon for principal and premium, if any, and interest to maturity of all
the bonds outstanding, and/or 

  
 9 

 (c) in case of a call of all of the bonds then outstanding for redemption,
deposit with the Trustee on or before the date on which all of such bonds (other than those which shall have matured by their terms) shall have been called for redemption, as provided in Article VII, the entire amount of the redemption price
thereof, including premium, if any, and interest and shall deliver to the Trustee (1) proof satisfactory to the Trustee that notice of redemption as provided in Article VII has been given, or (2) proof satisfactory to the Trustee that
arrangements have been made insuring that such notice will be given, or (3) a written instrument executed by the Corporation under its corporate seal, and expressed to be irrevocable, authorizing the Trustee to give such notice for and on
behalf of the Corporation, and/or 
 (d) surrender to the Trustee for cancellation all the bonds for which payment is not so
provided, 
 and shall also irrevocably direct the Trustee, by officers’ certificate delivered to the Trustee, to apply any funds deposited pursuant to
subdivision (b) or (c) above to the payment of the principal of, and premium, if any, and interest on the bonds as and when the same shall become due and payable as contemplated by such subdivision and pay, or satisfactorily provide, all
other sums due and payable hereunder by the Corporation, including the compensation and expenses of the Trustee, then and in that case, 

(i) at the request of the Corporation all the mortgaged property shall revert to the Corporation and the entire estate, right,
title and interest of the Trustee and of the holders and registered owners of the bonds in respect of the mortgaged property shall thereupon cease, determine and become void; and 

(ii) the Trustee in such case, upon the cancellation of all outstanding bonds for the payment of which cash shall not have been
deposited in accordance with the provisions of this Indenture, shall upon request of the Corporation, and at its cost and expense and upon delivery to the Trustee of an opinion of counsel stating that (x) the Corporation has received from, or
there has been published by, the Internal Revenue Service a ruling, or (y) since June 4, 2019 there has been a change in applicable federal income tax law, in either case to the effect that, and based thereon such opinion of counsel shall
confirm that, the holders of Series WW Bonds will not recognize income, gain or loss for federal income tax purposes as a result of such defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same
times as would have been the case if such defeasance had not occurred, (A) execute to the Corporation, or its order, proper instruments acknowledging satisfaction of this Indenture and (B) surrender to the Corporation, or its order, all
cash and deposited securities, if any, which shall then be held by it hereunder as a part of the mortgaged property (exclusive of cash held in trust as provided in Section 5.03); provided, however, that if any such property shall have been
delivered to the Trustee by any person or corporation other than the Corporation, the same shall be delivered or otherwise disposed of in accordance with any reservations, limitations, conditions or provisions which may have been set forth in the
instrument in writing then executed, if any, respecting the use, management or disposition thereof; and provided further that if the Corporation pursuant to clauses (1) or (2) of subdivision (c) above shall have delivered to the
Trustee proof satisfactory to it that notice of redemption as provided in Article VII has been given or that arrangements have been made insuring that such notice will be given, there shall also be delivered to the Trustee an officers’
certificate stating that all conditions precedent to the satisfaction and discharge of this Indenture have been complied with and an opinion of counsel stating that in his opinion such conditions precedent have been complied with.” 

  
 10 

 ARTICLE III 

SUNDRY PROVISIONS 

Section 3.01. The recitals of fact contained herein shall be taken as the statements of the Corporation, and the Trustee assumes no
responsibility for the correctness of the same. The Corporation hereby covenants and agrees that it will cause this Supplemental Indenture to be kept recorded and/or filed as may be required by law, in such manner and in such places as may be
necessary fully to preserve and protect the security of the bondholders and all of the rights of the Trustee hereunder, and that it will with all reasonable dispatch deposit with the Trustee counterparts of this Supplemental Indenture bearing
official notation or endorsements showing such recordation and/or filing, or in case such counterparts are not returned to the Corporation, furnish to the Trustee the best official evidence of such recordation and/or filing reasonably obtainable by
the Corporation, or evidence of the taking of such other action, if any, but the Trustee, subject to the provisions of Sections 14.02 and 14.03 of the Indenture, shall in no way be liable for any failure or omission in this regard. 

Section 3.02. The date of this Supplemental Indenture and the date of the Series WW Bonds are intended as and for a date for the
convenient identification of this Supplemental Indenture and of the Series WW Bonds, and are not intended to indicate that this Supplemental Indenture was executed and delivered or that the Series WW Bonds were executed, delivered or issued on said
date; it being hereby provided that this Supplemental Indenture may be executed and delivered, and that the Series WW Bonds may be executed, delivered or issued, either on said date or before or after said date, and that this Supplemental Indenture
is in fact executed and delivered by each party hereto on the date of its certificate of acknowledgment hereto attached. 

Section 3.03. This Supplemental Indenture shall be deemed to be part of the Indenture, and the Corporation agrees to conform to and
comply with all and singular the terms, provisions, conditions and covenants set forth therein and herein. This Supplemental Indenture shall be construed in connection with and as a part of the Indenture. 

Section 3.04. It is further agreed that the Trustee accepts the trust imposed upon it by this Supplemental Indenture, upon and subject to
the same terms and conditions as are expressed in Article XIV of the Base Indenture. 
 Section 3.05. In order to facilitate the
recording of this Supplemental Indenture, the same may be executed in several counterparts, each of which so executed shall be deemed to be an original, and such counterparts shall collectively constitute one and the same instrument. 

Section 3.06. All terms used in this Supplemental Indenture which are defined in the Indenture and not defined herein shall have the
meaning assigned to them in the Indenture. As used in the Indenture, this Supplemental Indenture and the Series WW Bonds, all references to “premium” on the Series WW Bonds shall mean any amounts (other than accrued interest) payable upon
the redemption of any Series WW Bonds in excess of 100% of the principal amount of such Series WW Bonds. 

  
 11 

 Section 3.07. To the extent any provision in this Supplemental Indenture conflicts with
any provision in the Indenture, the provisions of this Supplemental Indenture shall govern; provided however, that in the event such conflict would require bondholder consent, the terms and provisions of the Indenture shall govern. 

Section 3.08. The Base Indenture, as heretofore amended and supplemented, insofar as it applies to the Series WW Bonds, this Supplemental
Indenture and the Series WW Bonds shall be governed by and construed in accordance with the laws of the State of California, without regard (to the extent permitted by applicable law) to conflicts of laws principles thereof. 

Section 3.09. To the extent not otherwise addressed in this Supplemental Indenture, this Supplemental Indenture shall be subject to the
provisions of Article XVII of the Indenture, the terms of which are hereby incorporated by reference into this Supplemental Indenture. 

(Signature Page Follows) 

  
 12 

 IN WITNESS WHEREOF, Southern California Gas Company has caused this Supplemental Indenture
to be signed in its corporate name by one of its Vice Presidents or its Controller and its Secretary or an Assistant Secretary and its corporate seal to be hereunto duly affixed, and U.S. Bank National Association, in token of its acceptance of the
trust hereby established, has caused this Supplemental Indenture to be signed in its corporate name by one of its Vice Presidents, all as of June 4, 2019. 
  

 

									
	Attest:	 		 	SOUTHERN CALIFORNIA GAS COMPANY
				
	/s/ Kari E. McCulloch	 		 	By:	 	/s/ Bruce A. Folkmann
	 Name: Kari E. McCulloch
 Title:
  Corporate Secretary
	 		 		 	 Name: Bruce A. Folkmann
 Title:
  Vice President, Controller, Chief Financial
             Officer, Chief Accounting
Officer and Treasurer

 (SEAL) 
  

									
		 		 	U.S. BANK NATIONAL ASSOCIATION
				
		 		 	By:	 	/s/ Fonda Hall
		 		 		 	 Name: Fonda Hall
 Title:   Vice
President

 [Signature Page — Series WW Supplemental Indenture] 

 A notary public or other officer completing this certificate verifies only the identity of the individual
who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. 
  

					
	STATE OF CALIFORNIA	  	)	  	
		  	)    ss	  	
	COUNTY OF SAN DIEGO	  	)	  	

 On May 31, 2019, before me, LESLIE C. FRENCH, a Notary Public, personally appeared BRUCE A.
FOLKMANN and KARI E. MCCULLOCH, who proved to me on the basis of satisfactory evidence to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that
by their signatures on the instrument the persons, or the entity upon behalf of which the persons acted, executed the instrument. 
 I
certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. 
 WITNESS my
hand and official seal. 
  

	
	
	/s/ Leslie C. French
	SIGNATURE OF NOTARY PUBLIC

 My Commission expires December 4, 2019 

 A notary public or other officer completing this certificate verifies only the identity of the individual
who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. 
  

					
	STATE OF CALIFORNIA	  	)	  	
		  	)    ss	  	
	COUNTY OF LOS ANGELES	  	)	  	

 On June 3, 2019, before me, C. M. Barberena, a Notary Public, personally appeared FONDA HALL, of U.S.
BANK NATIONAL ASSOCIATION, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity, and that by
his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. 
 I certify
under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. 
 WITNESS my hand and
official seal. 
  

	
	
	/s/ C. M. Barberena
	SIGNATURE OF NOTARY PUBLIC

 My Commission expires April 19, 2021 

 EXHIBIT A 

[FORM OF REGISTERED BOND WITHOUT COUPONS, SERIES WW, DUE 2050] 

[If this bond is issued as a global security, insert the following legend: THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF
ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY OTHER PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN.] 
 SOUTHERN CALIFORNIA GAS COMPANY 

(Incorporated under the laws of the State of California) 

3.950% FIRST MORTGAGE BOND, SERIES WW, DUE 2050 
  

			
	 No. ______
	  	 $_____________

CUSIP No. 842434 CT7
 ISIN No.
US842434CT71

 SOUTHERN CALIFORNIA GAS COMPANY, a corporation organized and existing under the laws of the State of
California (hereinafter called the “Corporation,” which term shall include any successor thereto under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to
            or registered assigns, the principal sum of             DOLLARS in lawful money of the United States of America, on
February 15, 2050, and to pay interest thereon from June 4, 2019, or from the most recent date to which interest has been paid or duly provided for on the Series WW Bonds (as defined on the reverse hereof), at the rate of 3.950% per
annum in like lawful money, payable semi-annually in arrears, on February 15 and August 15 (each, an “Interest Payment Date”) in each year, commencing August 15, 2019, to the holder of record of this bond (as defined
on the reverse hereof) at the close of business on the immediately preceding February 1 and August 1, respectively, until the Corporation’s obligation with respect to the payment of such principal (and premium, if any) shall be
discharged as provided in the Indenture hereinafter mentioned. The principal of and premium, if any, and interest on this bond will be paid at the office or agency of the Corporation maintained for such purpose (initially the corporate trust office
of U.S. Bank National Association, or its successor trustee under said Indenture) in the City and County of San Francisco, State of California and, if the Series WW Bonds are issued in definitive certificated form under the circumstances set forth
in clause (b) of 

  
 A-1 

 
Section 1.03 of Article I of the Series WW Supplemental Indenture (as defined on the reverse hereof), at the office or agency maintained by the Corporation for such purpose in the Borough of
Manhattan, City and County of New York, State of New York. Notwithstanding the foregoing, so long as the registered holder of this bond is a depositary (as defined in the Series WW Supplemental Indenture), or its nominee, payment of the principal of
and premium, if any, and interest on this bond will be made by wire transfer of immediately available funds; and, if Series WW Bonds are issued in definitive certificated form under the circumstances set forth in clause (b) of Section 1.03
of Article I of the Series WW Supplemental Indenture, the Corporation may at its option pay interest on the Series WW Bonds in definitive certificated form by check mailed to the addresses of the persons entitled to payment or by wire transfer to
bank accounts in the United States designated in writing to the trustee referred to on the reverse hereof at least 15 days before any Interest Payment Date by the persons entitled to payment. Interest on this bond shall be computed on the basis of a
360-day year consisting of twelve 30-day months. 
 The provisions of this bond are continued on the reverse hereof and such continued
provisions shall for all purposes have the same effect as though set forth at this place. 
 This bond shall not become valid or obligatory
for any purpose or be entitled to any benefit under the Indenture until U.S. Bank National Association, or its successor as trustee under the Indenture, shall have signed the form of certificate of authentication endorsed hereon. 

IN WITNESS WHEREOF, SOUTHERN CALIFORNIA GAS COMPANY has caused this bond to be signed in its corporate name by the manual or facsimile
signature of its authorized officer and its corporate seal or a facsimile thereof to be hereto affixed and attested by manual or facsimile signature of its Secretary or an Assistant Secretary. 

Dated: 
  

			
	SOUTHERN CALIFORNIA GAS COMPANY
		
	By:	 	 
		 	 Name:
 Title:

  

	
	(CORPORATE SEAL)
	
	Attest:
	
	 
	 Name:
 Secretary

  
 A-2 

 [REVERSE SIDE OF 3.950% FIRST MORTGAGE BOND, SERIES WW, DUE 2050] 

This bond is one of a duly authorized issue of bonds of the Corporation (herein called the “bonds”), of the series
hereinafter specified, all issued and to be issued under and all equally and ratably secured by a First Mortgage Indenture dated October 1, 1940, between the Corporation and U.S. Bank National Association, as successor trustee, to which
indenture and all indentures supplemental thereto, including Supplemental Indentures dated, respectively, as of July 1, 1947, August 1, 1955, June 1, 1956, December 1, 1956, June 1, 1965, August 1, 1972, May 1,
1976, September 15, 1981, May 18, 1984, November 15, 1986, January 15, 1988, August 15, 1992, October 1, 2002, November 18, 2005, November 18, 2010, September 21,
2012, March 13, 2014, September 11, 2014, June 18, 2015, June 3, 2016, May 15, 2018, September 24, 2018 and June 4, 2019 (herein collectively referred to, and as the same may be
further amended or supplemented from time to time, as the “Indenture”), reference is hereby made for a description of the property conveyed in trust, mortgaged and pledged, the nature and extent of the security, the rights of the
registered owners of the bonds and of the trustee or trustees in respect thereof, the terms and conditions upon which the bonds are, and are to be, secured and the circumstances under which additional bonds may be issued. The bonds may be issued for
various principal sums, and may be issued in series, which may mature at different times, may bear interest at different times, may bear interest at different rates and may otherwise vary as in the Indenture provided. This bond is one of a series
designated as the “First Mortgage Bonds, Series WW, due 2050” (herein called “Series WW Bonds”) of the Corporation, issued under and secured by the Indenture. The Supplemental Indenture dated as of June 4, 2019
relating to the Series WW Bonds is sometimes herein called the “Series WW Supplemental Indenture.” Terms used but not defined herein shall have the respective meanings assigned thereto in the Indenture. 

As provided in the Indenture, by any indenture or indentures supplemental thereto executed by the Corporation and the trustee and consented to
by the holders of not less than two-thirds (2⁄3) in principal amount of the bonds at the time outstanding, and, in case one or more, but less than all, of the
series of bonds then outstanding are affected by such supplemental indenture, consented to by the holders of at least two-thirds (2⁄3) in principal amount of the
bonds of such series so affected, the Indenture or any indenture supplemental thereto and the rights and obligations of the Corporation and the holders of bonds, may be modified or altered from time to time, as provided in the Indenture; provided,
however, (a) that the right of any holder of any bond to receive payment of the principal of and premium, if any, and interest on such bond, on or after the respective due dates expressed in such bond, or to institute suit for the enforcement
of any such payment on or after such respective dates, shall not be impaired or affected by any such supplemental indenture without the consent of such holder, and (b) that no such modification or alteration shall reduce the proportions of
bondholders’ consents required as aforesaid; such proportions to be determined in each case as provided in the Indenture. 
 The Series
WW Bonds are entitled to the benefits of the Renewal Fund as provided in the Indenture. 

  
 A-3 

 Prior to August 15, 2049 (the “Par Call Date”), the Corporation may at
the Corporation’s option redeem the Series WW Bonds, at any time in whole or from time to time in part, at a redemption price (the “Redemption Price”) for any redemption date (a “Redemption Date”) equal to the
greater of the following amounts: (a) 100% of the principal amount of the Series WW Bonds being redeemed on that Redemption Date; or (b) the sum of the present values of the remaining scheduled payments of principal and interest on the
Series WW Bonds being redeemed on that Redemption Date (not including any portion of any payments of accrued and unpaid interest to that Redemption Date) that would be due if the Series WW Bonds matured, and accrued and unpaid interest was payable,
on the Par Call Date, discounted to that Redemption Date on a semiannual basis at the Adjusted Treasury Rate (as defined below) plus 20 basis points, as determined by the Independent Investment Banker (as defined below), plus, in each case, accrued
and unpaid interest on the Series WW Bonds being redeemed to that Redemption Date. On and after the Par Call Date, the Corporation may at the Corporation’s option redeem the Series WW Bonds, at any time in whole or from time to time in part, at
a Redemption Price equal to 100% of the principal amount of the Series WW Bonds being redeemed, plus accrued and unpaid interest on the Series WW Bonds being redeemed to the Redemption Date. Notwithstanding the foregoing, installments of interest on
Series WW Bonds that are due and payable on any Interest Payment Date falling on or prior to a Redemption Date will be payable on that Interest Payment Date to the registered holders of such Series WW Bonds as of the close of business on the
relevant record date according to the terms of the Series WW Bonds and the Indenture. The Redemption Price will, if applicable, be calculated on the basis of a 360-day year consisting of twelve 30-day months. 

Notice of any redemption will be mailed at least 30 days, but not more than 60 days, before the Redemption Date to each registered holder of
the Series WW Bonds to be redeemed. Once notice of redemption is mailed, the Series WW Bonds called for redemption will become due and payable on the Redemption Date and at the applicable Redemption Price, plus accrued and unpaid interest to the
Redemption Date. Redemption will not be conditional upon receipt by the trustee of monies sufficient to pay the Redemption Price. 
 Unless
the Corporation defaults in payment of the Redemption Price, on and after the Redemption Date interest will cease to accrue on the Series WW Bonds or portions thereof called for redemption. The Corporation will pay the Redemption Price and any
accrued interest once the Series WW Bonds are surrendered for redemption. If only a portion of any Series WW Bonds is redeemed, the trustee will deliver new Series WW Bonds for the remaining portion without charge. 

“Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent
yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

“Comparable Treasury Issue” means, with respect to any Redemption Date, the United States Treasury security selected by the
Independent Investment Banker as having a maturity comparable to the remaining term of the Series WW Bonds to be redeemed on such Redemption Date (assuming the Series WW Bonds matured on the Par Call Date) that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Series WW Bonds (assuming the Series WW Bonds matured on the Par Call Date). 

  
 A-4 

 “Comparable Treasury Price” means, with respect to any Redemption Date,
(A) the average of the Reference Treasury Dealer Quotations for such Redemption Date, or (B) if only one Reference Treasury Dealer Quotation is received, such quotation. 

“Independent Investment Banker” means, with respect to any Redemption Date, one of the Reference Treasury Dealers appointed
by the Corporation to act as the “Independent Investment Banker.” 
 “Reference Treasury Dealer Quotation” means,
with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Corporation, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Corporation by such Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third business day preceding such Redemption Date. As used in the preceding sentence, “business day” means any day (other than
a Saturday or Sunday) on which banking institutions in The City of New York are not authorized or obligated by law or executive order to remain closed. 

“Reference Treasury Dealers” means, with respect to any Redemption Date, (A) Goldman Sachs & Co. LLC (or any of
its affiliates which is a Primary Treasury Dealer (as defined below)), and their respective successors, provided, however, that if Goldman Sachs & Co. LLC (or such affiliate, as the case may be) shall cease to be a primary U.S. Government
securities dealer in the United States (a “Primary Treasury Dealer”), the Corporation will substitute therefor another Primary Treasury Dealer; (B) one Primary Treasury Dealer selected by Credit Agricole Securities (USA) Inc.
and its successors; (C) one Primary Treasury Dealer selected by MUFG Securities Americas Inc. and its successors; (D) one Primary Treasury Dealer selected by Santander Investment Securities Inc. and its successors; and (E) any other
Primary Treasury Dealer(s) selected by the Corporation. 
 In the event that the Corporation elects to redeem only a portion of the
outstanding Series WW Bonds, (a) the Series WW Bonds to be redeemed shall be selected as provided in the Indenture and, in the case of Series WW Bonds represented by a Global Security (as defined in the Series WW Supplemental Indenture), in
accordance with the procedures of The Depository Trust Company (or its successor as depositary) and (b) in the case of any Series WW Bond being redeemed in part, the principal amount redeemed must be $1,000 or an integral multiple of $1,000 and
the remaining principal amount must be an authorized denomination. 
 In case an event of default, as defined in the Indenture, shall occur,
the principal of and interest accrued on all bonds then outstanding under the Indenture may be declared or become due and payable upon the conditions and in the manner and with the effect provided in the Indenture. 

This bond is transferable by the registered owner hereof at the office or agency in the City and County of San Francisco, State of California
that the Corporation maintains for such purpose (initially the corporate trust office of U.S. Bank National Association, or its successor trustee under the Indenture) and, if Series WW Bonds are issued in definitive certificated form under the
circumstances set forth in clause (b) of Section 1.03 of Article I of the Series WW Supplemental Indenture, at the office or agency in the Borough of Manhattan, City and County 

  
 A-5 

 
of New York, State of New York, that the Corporation maintains for such purpose and in such other place or places as the Corporation may designate at any time or from time to time, upon surrender
and cancellation of this bond, and thereupon a new fully registered bond or bonds of said series, without coupons, of authorized denomination or denominations, of a like aggregate principal amount, will be issued to the transferee or transferees in
exchange for this bond; and at any of said offices or agencies fully registered Series WW Bonds without coupons are exchangeable for a like aggregate principal amount of other such fully registered bonds of authorized denominations; all in the
manner and subject to the conditions as provided in the Indenture. 
 No recourse shall be had for the payment of the principal of or
premium, if any, or the interest on this bond or for any claim based hereon or on the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, director or officer, past, present or future, of the Corporation, or of any
predecessor or successor corporation, either directly or through the Corporation, or any such predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty, or
otherwise, all such liability being waived and released by every registered owner hereof by the acceptance of this bond and as part of the consideration for the issue hereof, and being likewise waived and released by the terms of the Indenture. 

This bond shall be governed by and construed in accordance with the laws of the State of California, without regard (to the extent permitted
by applicable law) to conflicts of laws principles thereof. 

  
 A-6 

 [FORM OF CERTIFICATE OF AUTHENTICATION] 

CERTIFICATE OF AUTHENTICATION 

This bond is one of the bonds, of the series designated therein, described in the within-mentioned Indenture. 

 

							
		 		 		 	 U.S. BANK NATIONAL ASSOCIATION,

as Trustee

				
		 		 	By:	 	 
		 		 		 	 Authorized Officer

 Date of authentication: ________________________EX-10.1

 Exhibit 10.1 

 
 FIDELITY LIFE ASSOCIATION 

DEFERRED COMPENSATION PLAN 
  

 
  

 TABLE OF CONTENTS 

 

							
	ARTICLE I PURPOSE AND EFFECTIVE DATE	  	 	1	 
			
	    1.1	  	Purpose	  	 	1	 
	    1.2	  	Effective Date	  	 	1	 
		
	ARTICLE II DEFINITIONS	  	 	1	 
			
	    2.1	  	Account	  	 	1	 
	    2.2	  	Administrative Committee	  	 	1	 
	    2.3	  	Beneficiary	  	 	1	 
	    2.4	  	Board	  	 	1	 
	    2.5	  	Bonus	  	 	2	 
	    2.6	  	Change in Control	  	 	2	 
	    2.7	  	Code	  	 	3	 
	    2.8	  	Company	  	 	3	 
	    2.9	  	Compensation	  	 	3	 
	    2.10	  	Deferral Commitment	  	 	3	 
	    2.11	  	Deferral Period	  	 	3	 
	    2.12	  	Determination Date	  	 	3	 
	    2.13	  	Director	  	 	3	 
	    2.14	  	Director Fees	  	 	3	 
	    2.15	  	Disability	  	 	3	 
	    2.16	  	Earnings Index	  	 	4	 
	    2.17	  	Elective Deferred Compensation	  	 	4	 
	    2.18	  	Employer	  	 	4	 
	    2.19	  	Participant	  	 	4	 
	    2.20	  	Participation Agreement	  	 	4	 
	    2.21	  	Plan	  	 	4	 
	    2.22	  	Rate of Return	  	 	4	 
	    2.23	  	Retirement	  	 	4	 
	    2.24	  	Salary	  	 	5	 
	    2.25	  	Unforeseeable Emergency	  	 	5	 
		
	ARTICLE III PARTICIPATION AND DEFERRAL COMMITMENTS	  	 	5	 
			
	    3.1	  	Eligibility and Participation	  	 	5	 
	    3.2	  	Form of Deferral	  	 	6	 
	    3.3	  	Limitations on Deferral Commitments	  	 	6	 
	    3.4	  	Commitment Limited by Termination	  	 	7	 
		
	ARTICLE IV DEFERRED COMPENSATION ACCOUNTS	  	 	7	 
			
	    4.1	  	Accounts	  	 	7	 
	    4.2	  	Elective Deferred Compensation	  	 	7	 
	    4.3	  	Additional Company Matching Contributions	  	 	7	 
	    4.4	  	Additional Company Discretionary Contributions	  	 	8	 

  
 i 

							
	    4.5	  	Allocation of Elective Deferred Compensation	  	 	8	 
	    4.6	  	Determination of Accounts	  	 	8	 
	    4.7	  	Vesting of Accounts	  	 	8	 
	    4.8	  	Statement of Accounts	  	 	9	 
		
	ARTICLE V PLAN BENEFITS	  	 	9	 
			
	    5.1	  	Distributions Prior to Termination of Employment	  	 	9	 
	    5.2	  	Distributions Following Termination of Service	  	 	9	 
	    5.3	  	Benefit Commencement	  	 	11	 
	    5.4	  	Deferred Payment of Benefit	  	 	11	 
	    5.5	  	Withholding for Taxes	  	 	11	 
	    5.6	  	Valuation and Settlement	  	 	11	 
	    5.7	  	Payment to Guardian	  	 	11	 
		
	ARTICLE VI BENEFICIARY DESIGNATION	  	 	12	 
			
	    6.1	  	Beneficiary Designation	  	 	12	 
	    6.2	  	Changing Beneficiary	  	 	12	 
	    6.3	  	No Beneficiary Designation	  	 	12	 
	    6.4	  	Effect of Payment	  	 	12	 
		
	ARTICLE VII ADMINISTRATION	  	 	12	 
			
	    7.1	  	Committee; Duties	  	 	12	 
	    7.2	  	Agents	  	 	13	 
	    7.3	  	Binding Effect of Decisions	  	 	13	 
	    7.4	  	Indemnity of Committee	  	 	13	 
		
	ARTICLE VIII CLAIMS PROCEDURE	  	 	13	 
			
	    8.1	  	Claim	  	 	13	 
	    8.2	  	Denial of Claim	  	 	13	 
	    8.3	  	Review of Claim	  	 	14	 
	    8.4	  	Final Decision	  	 	14	 
		
	ARTICLE IX AMENDMENT AND TERMINATION OF PLAN	  	 	14	 
			
	    9.1	  	Amendment	  	 	14	 
	    9.2	  	Employer’s Right to Terminate	  	 	15	 
		
	ARTICLE X MISCELLANEOUS	  	 	16	 
			
	    10.1	  	Unfunded Plan	  	 	16	 
	    10.2	  	Unsecured General Creditor	  	 	16	 
	    10.3	  	Trust Fund	  	 	16	 
	    10.4	  	Nonassignability	  	 	17	 
	    10.5	  	Not a Contract of Employment	  	 	17	 
	    10.6	  	Protective Provisions	  	 	17	 
	    10.7	  	Governing Law	  	 	17	 
	    10.8	  	Validity	  	 	17	 

  
 ii 

							
	    10.9	  	Notice	  	 	17	 
	    10.10	  	Successors	  	 	18	 
	    10.11	  	Compliance with Code Section 409A	  	 	18	 

  
 iii

 FIDELITY LIFE ASSOCIATION 

DEFERRED COMPENSATION PLAN 
 ARTICLE I 
 PURPOSE AND EFFECTIVE DATE 

 

	1.1	Purpose 

 The purpose of this Deferred
Compensation Plan is to provide current tax planning opportunities as well as supplemental funds upon the retirement or death of Directors and certain employees of Employer. It is intended that the Plan will aid in attracting and retaining Directors
and employees of exceptional ability by providing them with these benefits. 
  

	1.2	Effective Date 

 This Plan is effective
June 1, 2006. 
 ARTICLE II 
 DEFINITIONS 
 For the purposes of this Plan, the following terms shall have the meanings
indicated, unless the context clearly indicates otherwise: 
  

	2.1	Account 

 “Account” means the
device used by Employer to measure and determine the amounts to be paid to a Participant under the Plan. Separate subaccounts may be maintained to properly reflect the Participant’s balance and earnings thereon. A Participant’s Account
shall not constitute or be treated as a trust fund of any kind. 
  

	2.2	Administrative Committee 

“Administrative Committee” means the committee appointed to administer the Plan pursuant to Article VII. 

 

	2.3	Beneficiary 

 “Beneficiary”
means the person, persons or entity entitled under Article VI to receive any Plan benefits payable after a Participant’s death. 
  

	2.4	Board 

 “Board” means the Board
of Directors of the Company. 

  
 1 

	2.5	Bonus 

 “Bonus” means any
incentive compensation to a Participant under the Company’s Senior Management Bonus Plan. 
  

	2.6	Change in Control 

 A “Change in
Control” shall occur when: 
  

	 	(a)	The shareholders of the Company approve one of the following (“Approved Transactions”) and either (x) such Approved Transaction is consummated or
(y) the Board determines that consummation of such Approved Transaction is likely: 

  

	 	(i)	Any consolidation, merger or plan of exchange involving the Company (“Merger”) in which the Company is not the continuing or surviving corporation or pursuant
to which Stock would be converted into cash, securities or other property, other than a Merger involving the Company in which the holders of Stock immediately prior to the Merger have the same proportionate ownership of Stock of the surviving
corporation after the Merger; or 

  

	 	(ii)	Any sale, lease, exchange, or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company or the
adoption of any plan or proposal for the liquidation or dissolution of the Company; or 

  

	 	(b)	A tender or exchange offer, other than one made by the Company, is made for Stock (or securities convertible into Stock) and such offer results in a portion of those
securities being purchased and the offeror after the consummation of the offer is the beneficial owner (as determined pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), directly or
indirectly, of at least twenty 20% of the outstanding Stock (an “Offer”); or 

  

	 	(c)	During any period of 12 months or less, individuals who at the beginning of such period constituted a majority of the Board cease for any reason to constitute a
majority thereof unless the nomination or election of such new directors was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of such period. 

The terms used in this Section 2.6 and not defined elsewhere in the Plan shall have the same meanings as such terms have in the Exchange Act and the
rules and regulations adopted thereunder. Notwithstanding anything herein to the contrary, the conversion of the Company to stock form pursuant to a Plan of Conversion shall not be deemed to be a Change in Control for purposes of this Plan.

  
 2 

	2.7	Code 

 “Code” means the Internal
Revenue Code of 1986, as amended. 
  

	2.8	Company 

 “Company” means
Fidelity Life Association, an Illinois corporation, or any successor to the business thereof. 
  

	2.9	Compensation 

 “Compensation”
means the Salary, Bonus or Director Fees that the Participant earns for services rendered to the Company. 
  

	2.10	Deferral Commitment 

 “Deferral
Commitment” means an election to defer Compensation made by a Participant pursuant to Article III and for which a separate Participation Agreement has been submitted by the Participant to the Administrative Committee. 

 

	2.11	Deferral Period 

 “Deferral
Period” means a calendar year for Directors and eligible employees effective January 1, 2006. 
  

	2.12	Determination Date 

 “Determination
Date” means the last day of each calendar month. 
  

	2.13	Director 

 “Director” means a
member of the Company’s Board of Directors. 
  

	2.14	Director Fees 

 “Director Fees”
means all Board retainer and committee meeting fees earned by a Participant and payable in cash (before reduction for amounts deferred under this Plan). Director Fees do not include expenses, reimbursements, or any form of noncash compensation or
benefits. 
  

	2.15	Disability 

 A Participant shall be
considered to have terminated employment or Board Service because of “Disability” if either of the following apply: 
  

	 	(a)	The Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to
result in death or can be expected to last for a continuous period of not less than 12 months. 

  
 3 

	 	(b)	The Participant is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a
continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering employees of the Participant’s employer. 

 

	2.16	Earnings Index 

 “Earnings
Index” means a portfolio or fund selected by the Administrative Committee from time to time to be used as an index in calculating Rate of Return. 
  

	2.17	Elective Deferred Compensation 

“Elective Deferred Compensation” means the amount of Compensation that a Participant elects to defer pursuant to a Deferral Commitment.

  

	2.18	Employer 

 “Employer” means the
Company or any successor to the business thereof, and any affiliated or subsidiary corporations designated by the Administrative Committee. 
  

	2.19	Participant 

 “Participant”
means any eligible individual who has elected to defer Compensation under this Plan. 
  

	2.20	Participation Agreement 

“Participation Agreement” means the agreement submitted by a Participant (including the Benefit Payment Election Form) to the Administrative
Committee prior to the beginning of the Deferral Period, with respect to a Deferral Commitment made for such Deferral Period. 
  

	2.21	Plan 

 “Plan” means this
Fidelity Life Association Deferred Compensation Plan, as amended from time to time. 
  

	2.22	Rate of Return 

 “Rate of
Return” means the rate used to determine the amount credited monthly to a Participant’s Account under Article IV. Such rate shall be determined by the Administrative Committee based upon the net performance of the Earnings Indices selected
by the Participant. 
  

	2.23	Retirement 

 “Retirement” means
an employee’s termination of employment with Employer on or after the employee’s attainment of age 55 or after 5 years of service, or a Board member’s termination after age 55. 

  
 4 

	2.24	Salary 

 “Salary” means the
Employee’s base salary for the Plan Year. Salary excludes any other form of compensation such as restricted stock, proceeds from stock options or stock appreciation rights, severance payments, moving expenses, car or other special allowance, or
any other amounts included in an Eligible Employee’s taxable income that is not base salary. Deferral elections shall be computed before taking into account any reduction in taxable income by Salary reduction under Code sections 125, 132(f) or
401(k), or under this Plan. 
  

	2.25	Unforeseeable Emergency 

“Unforeseeable Emergency” means a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of the
Participant, the Participant’s spouse, or a dependent (as defined in Code section 152(a)) of the Participant, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a
result of events beyond the control of the Participant. The circumstances that will constitute an Unforeseeable Emergency will depend upon the facts of each case, but in any case, the amounts distributed with respect to an Unforeseeable Emergency
shall not exceed the amounts necessary to satisfy such emergency plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent to which such hardship is or may be relieved through
reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself cause severe financial hardship). 

ARTICLE III 

PARTICIPATION AND DEFERRAL COMMITMENTS 
  

	3.1	Eligibility and Participation 

  

	 	(a)	ELIGIBILITY. Eligibility to participate in the Plan is limited to executive employees selected by the Administrative Committee and Directors. 

 

	 	(b)	PARTICIPATION. Eligible employees and Directors may elect to participate in the Plan with respect to any Deferral Period by submitting a Participation Agreement to the
Administrative Committee by the December 31 immediately preceding the Deferral Period, except as provided in (c) and (d) below. 

  

	 	(c)	PART-YEAR PARTICIPATION. If a Director or an employee first becomes eligible to defer Compensation during a Deferral Period, a Participation Agreement must be submitted
to the Administrative Committee no later than 30 days following eligibility to defer, and such Participation Agreement shall be effective only with regard to Compensation with respect to services following the submission of the Participation
Agreement to the Administrative Committee. 

  
 5 

	 	(d)	BONUS. An employee must separately elect to defer amounts with respect to Bonuses under the Plan. The Participation Agreement to defer a Bonus under the Plan must be
submitted to the Administrative Committee before the latest of the following: 

  

	 	(i)	the beginning of the Deferral Period for which the Company’s bonus, if any, will be paid; 

 

	 	(ii)	to the extent permitted by Code section 409A, for Deferral Periods beginning after 2006, six months before the end of the Company’s fiscal year for which the
Bonus, if any, will be paid; or 

  

	 	(iii)	for an employee who first becomes eligible during a Deferral Period, 30 days after he becomes eligible; provided, that the deferral election for the first Deferral
Period can only apply to compensation paid for service performed subsequent to the election. The maximum amount of the Bonus for the first Deferral Period that can be deferred is equal to the amount of the Bonus for the Deferral Period multiplied by
the ratio of the number of days remaining in the Deferral Period after the election over the total number of days in the Deferral Period. 

  

	3.2	Form of Deferral 

 A Participant may elect
Deferral Commitments in the Participation Agreement as follows: 
  

	 	(a)	SALARY DEFERRAL COMMITMENT. A Salary Deferral Commitment shall be related to the Salary payable by Employer to a Participant for services to be performed during the
Deferral Period. The amount to be deferred shall be stated as a whole number percentage or dollar amount of each installment of Salary. 

  

	 	(b)	BONUS DEFERRAL COMMITMENT. A Bonus Deferral Commitment shall be related to any Bonus payable under the Company’s Senior Management Bonus Plan to the Participant
for services to be performed during the Deferral Period for which the Bonus will be paid. The amount to be deferred shall be stated as a whole number percentage or dollar amount of the Bonus. 

 

	 	(c)	DIRECTOR FEES DEFERRAL COMMITMENT. A Director Fees Commitment shall relate to the Director Fees for services as a Director to be performed during the Deferral Period.
The amount to be deferred shall be stated as a whole number percentage or dollar amount of the amount otherwise payable. 

  

	3.3	Limitations on Deferral Commitments 

 The
following limitations shall apply to Deferral Commitments: 
  

	 	(a)	MINIMUM. The minimum deferral amount for a plan year shall be $1,000. Bonus amounts are included in the plan year in which the Bonus is otherwise expected to be paid.
The minimum may be met by aggregating amounts under all 

  
 6 

	 	Salary, Bonus and Director Deferral Commitments under Section 3.2. The Administrative Committee may determine at any time that any deferral election that fails to
provide for a minimum deferral is void and amounts covered by that election shall not be excluded from compensation for the year. The Administrative Committee may determine the timing of payments of amounts under a void election.

  

	 	(b)	MAXIMUM. The maximum deferral amount shall be 90% of Salary and 100% of Bonus or Director Fees. 

 

	 	(c)	CHANGES IN MINIMUM OR MAXIMUM. The Administrative Committee may change the minimum or maximum deferral amounts from time to time by giving written notice to all
Participants. No such change may affect a Deferral Commitment made prior to the Administrative Committee’s action. 

  

	3.4	Commitment Limited by Termination 

 If a
Participant terminates employment with Employer or Board service prior to the end of the Deferral Period, the Deferral Period and the Deferral Commitment shall end at the date of termination. 

ARTICLE IV 

DEFERRED COMPENSATION ACCOUNTS 
  

	4.1	Accounts 

 For record keeping purposes
only, an Account shall be maintained for each Participant. Separate subaccounts shall be maintained to the extent necessary to properly reflect the Participant’s election of Earnings Indices and total vested or nonvested Account balances. The
Account shall be a bookkeeping device utilized for the sole purpose of determining the benefits payable under the Plan and shall not constitute a separate fund of assets. 

 

	4.2	Elective Deferred Compensation 

 A
Participant’s Elective Deferred Compensation shall be credited to the Participant’s Account at the same time the corresponding nondeferred portion of the Compensation becomes or would have become payable. Any withholding of taxes or other
amounts with respect to deferred Compensation which is required by state, federal or local law shall be withheld from the Participant’s nondeferred Compensation to the maximum extent possible with any excess reducing the amount to be credited
to the Participant’s Account. 
  

	4.3	Additional Company Matching Contributions 

A Participant’s Account shall be credited with an amount that is equal to the amount of matching contribution that was not credited to the
Participant’s accounts under the Fidelity Life Association 401(k) Plan for the Deferral Period solely because the Participant’s deferrals under this Plan caused the Participant’s taxable compensation reported on IRS Form W-2 to be
lower 

  
 7 

 than if Participant had not deferred amounts under this Plan. However, the amount credited shall be no more
than the amount of the matching contribution that was not credited to the Participant’s Fidelity Life Association 401(k) Plan because of the reduction of taxable compensation. 

 

	4.4	Additional Company Discretionary Contributions 

 A Participant’s Account shall be credited with such additional Company contributions in such amounts and at such times as may be approved by the Compensation Committee of the Board, or the Board, in
its sole discretion. 
  

	4.5	Allocation of Elective Deferred Compensation 

  

	 	(a)	At the time a Participant completes a Deferral Commitment for a Deferral Period, the Participant shall also select the Earnings Index or Indices in which the
Participant wishes to have the deferrals deemed invested. The Participant may select any combination of Earnings Indices as long as at least 5%, in whole percentages, is credited to each of the Earnings Indices selected. 

 

	 	(b)	A Participant may change the amounts allocated to the Earnings Indices on the first day of each calendar quarter, provided that the Participant submitted notice of the
change at least five days before the first day of the calendar quarter. The change may apply to prospective deferrals only or may include current account balances. 

 

	 	(c)	The Administrative Committee may change the notice requirement and frequency by which Participants can reallocate their accounts from time to time by giving written
notice to all Participants. 

  

	4.6	Determination of Accounts 

 Each
Participant’s Account as of each Determination Date shall consist of the balance of the Participant’s Account as of the immediately preceding Determination Date, plus the Participant’s Elective Deferred Compensation credited during
the period, plus contributions for the benefit of the Participant during the period pursuant to Section 4.3 and 4.4, plus earnings calculated using the Rate of Return, minus the amount of any distributions made since the immediately preceding
Determination Date. 
  

	4.7	Vesting of Accounts 

 Each Participant
shall be 100% vested at all times in the Participant’s Elective Deferred Compensation and any earnings thereon. Any matching contributions under Section 4.3 shall vest pursuant to the vesting schedule of the Fidelity Life Association
401(k) Plan. Any discretionary Company contributions under Section 4.4 shall vest on the basis determined by the Compensation Committee of the Board or the Board, as the case may be, that approved the contribution. 

  
 8 

	4.8	Statement of Accounts 

 The Administrative
Committee shall give to each Participant a statement setting forth the balances in the Participant’s Account on a quarterly basis and at such other times as may be determined by the Administrative Committee. 

ARTICLE V 

PLAN BENEFITS 
  

	5.1	Distributions Prior to Termination of Employment 

 A Participant’s Account may be distributed to the Participant prior to termination of employment as follows: 
  

	 	(a)	SCHEDULED EARLY WITHDRAWALS. A Participant may elect in a Participation Agreement to withdraw all or any portion of the amount deferred (and earnings thereon) pursuant
to that Participation Agreement in a single lump sum or from two to five substantially equal annual installments commencing the first January and on each subsequent January following the date specified in the election. Such date shall not be sooner
than three years after the date the Deferral Period commences in which the scheduled early withdrawal was initially elected. Upon a Participant’s termination, the following shall apply: 

 

	 	(i)	EARLIER PAYMENT ON SCHEDULE. Payment of any amount that is scheduled to be withdrawn before the time provided in (ii) shall be distributed on the date specified in
the election. 

  

	 	(ii)	SCHEDULE AFTER TERMINATION. Any balance subject to a Scheduled Early Withdrawal election shall be distributed in a lump sum within 60 days, subject to Section 5.3.

  

	 	(b)	HARDSHIP WITHDRAWALS. A Participant may elect to withdraw amounts because of an Unforeseeable Emergency. The Administrative Committee shall determine whether or not an
Unforeseeable Emergency has occurred and the maximum amount that may be withdrawn. Any such hardship withdrawal distribution shall be payable within 30 days after the Administrative Committee approves such payment. 

 

	5.2	Distributions Following Termination of Service 

  

	 	(a)	RETIREMENT OR DISABILITY BENEFIT. 

  

	 	(i)	BENEFIT AMOUNT. If a Participant terminates employment or Board service with Employer due to Retirement or Disability, Employer shall pay to the Participant a benefit
equal to the balance in the Participant’s Account. 

  
 9 

	 	(ii)	FORM OF BENEFIT. Subject to Section 5.2(a)(iii), benefits under this Section 5.2(a) shall be paid in the form or forms selected by the Participant in the
Participation Agreement. Optional forms of payment shall include a lump-sum payment and substantially equal annual installments of the Account over a period of up to 15 years. 

 

	 	(iii)	MANDATORY LUMP-SUM PAYMENTS. Notwithstanding Sections 5.2(a)(ii), (iv) and (v), if an employee terminates employment before age 55, or with less than five years of
service, or if a Director terminates Board service before age 55, or if a Participant’s Account is less than $50,000 on the Retirement date, a lump-sum payment will be made regardless of the distribution method the Participant elected.

  

	 	(iv)	CHANGE IN FORM OF PAYMENT. A Participant may elect to change the form or forms of the payment or payments specified in the Participation Agreements, subject to the
following: 

  

	 	(A)	The election to change may not take effect until at least 12 months after the date on which the election is made. The election shall be ineffective with respect to
benefits that start pursuant to a Participation Agreement or other terms of the Plan before the anniversary of the election. 

  

	 	(B)	The first payment with respect to which the election is made shall be delayed for a period of not less than five years from the date that such payment would otherwise
have been made. The Participant may elect the period of delay, but the period of delay must not be less than five years nor more than ten years. The maximum period of annual installments under Section 5.2(a)(ii) shall be reduced by the number
of years of the period of delay. 

  

	 	(C)	No amount may be paid sooner under the new election than under the original election. 

 

	 	(b)	TERMINATION BENEFIT. If a Participant terminates employment or Board service with Employer for any reason other than Retirement, Disability, or death, Employer shall
pay to the Participant a lump-sum benefit equal to the balance in the Participant’s Account. 

  

	 	(c)	DEATH BENEFIT. 

  

	 	(i)	PRERETIREMENT. If a Participant terminates employment or Board service with Employer due to death, Employer shall pay to the Participant’s Beneficiary a lump-sum
benefit equal to the balance in the Participant’s Account. 

  

	 	(ii)	POSTRETIREMENT. If a Participant dies following the Participant’s Retirement, Employer shall continue to pay any remaining benefit payments to the
Participant’s Beneficiary in the form previously elected by the Participant for Retirement benefits. 

  
 10 

	5.3	Benefit Commencement 

 Commencement of
benefits shall be subject to the following: 
  

	 	(a)	Subject to subsection (b) below and any election under Section 5.2(a)(ii) to commence in January following termination, benefits under Section 5.2 shall
commence as soon as practicable after termination but in no case more than 60 days after termination. 

  

	 	(b)	Distributions on account of termination may not be made to a Participant who is a key employee, as defined in Code section 416(i) without regard to Code section
416(i)(5), before the date which is six months after the date of termination of service with Employer. If the Participant terminates service because of death or if the Participant dies before or within the six months, benefits shall commence as soon
as practicable after death, but in no case no more than 60 days after death. 

  

	5.4	Deferred Payment of Benefit 

 If part of a
Participant’s compensation is not deductible under Code section 162(m), then the Company may require the Participant to defer payment of benefits under this Article to avoid the limitation set forth in Code section 162(m). Any deferred benefits
under this Section shall be distributed to the Participant in the first calendar year such amounts would not exceed the limitation as set out in Code section 162(m). 
  

	5.5	Withholding for Taxes 

 To the extent
required by the law in effect at the time payments are made, Employer shall withhold from payments made hereunder any taxes required to be withheld by the federal or any state or local government, including any amounts which the Employer determines
are reasonably necessary to pay any generation-skipping transfer tax which is or may become due. A beneficiary, however, may elect not to have withholding of federal income tax pursuant to Code section 3405, or any successor provision thereto.

  

	5.6	Valuation and Settlement 

 The amount of a
lump-sum payment and the initial installment payment shall be based on the value of the Participant’s Account on the Determination Date immediately preceding the lump-sum payment or commencement of installment payments. 

 

	5.7	Payment to Guardian 

 The Administrative
Committee may direct payment to the duly appointed guardian, conservator, or other similar legal representative of a Participant or Beneficiary to whom payment is due. In the absence of such a legal representative, the Administrative Committee may,
in it sole and absolute discretion, make payment to a person having the care and custody of a minor, 

  
 11 

 incompetent or person incapable of handling the disposition of property upon proof satisfactory to the
Administrative Committee of incompetency, minority, or incapacity. Such distribution shall completely discharge the Administrative Committee from all liability with respect to such benefit. 

ARTICLE VI 

BENEFICIARY DESIGNATION 
  

	6.1	Beneficiary Designation 

 Each Participant
shall have the right, at any time, to designate a Beneficiary (both primary as well as contingent) to whom benefits under this Plan shall be paid if a Participant dies prior to complete distribution to the Participant of the benefits due under the
Plan. Each Beneficiary designation shall be in a written form prescribed by the Administrative Committee, and will be effective only when filed with the Administrative Committee during the Participant’s lifetime. 

 

	6.2	Changing Beneficiary 

 Any Beneficiary
designation may be changed by a Participant without the consent of the previously named Beneficiary by the filing of a new Beneficiary designation with the Administrative Committee. The filing of a new Beneficiary designation shall cancel all
Beneficiary designations previously filed. If a Participant’s Compensation is community property, any Beneficiary Designation shall be valid or effective only as permitted under applicable law. 

 

	6.3	No Beneficiary Designation 

 In the
absence of an effective Beneficiary Designation, or if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant’s benefits, the Participant’s designated Beneficiary shall be deemed to
be the Participant’s estate. 
  

	6.4	Effect of Payment 

 Payment to the
Beneficiary shall completely discharge Employer’s obligations under this Plan. 
 ARTICLE VII 

ADMINISTRATION 
  

	7.1	Committee; Duties 

 The Plan shall be
administered by an Administrative Committee consisting of three or more members as may be appointed from time to time by the Chief Executive Officer. The Administrative Committee shall have the authority to interpret and enforce all appropriate
rules and regulations for the administration of the Plan and decide or resolve any and all questions, including determination of eligibility and interpretations of the Plan, as may arise in such administration. A majority vote of the Administrative
Committee members in office at the time of the vote shall control any decision. The required majority action may be taken either by a 

  
 12 

 vote at a meeting or without a meeting by a signed memorandum. Meetings may be conducted by telephone
conference call. The Administrative Committee may, by majority action, delegate to one or more of its members the authority to execute and deliver in the name of the Administrative Committee all communications and documents which the Administrative
Committee is required or authorized to provide under this Plan. 
 Any party shall accept and rely upon any document executed in the name of the
Administrative Committee. Members of the Administrative Committee may be Participants under this Plan. 
  

	7.2	Agents 

 The Administrative Committee may,
from time to time, employ agents and delegate to them such administrative duties as it sees fit, and may from time to time consult with counsel who may be counsel to the Company. 

 

	7.3	Binding Effect of Decisions 

 The decision
or action of the Administrative Committee with respect to any question arising out of or in connection with the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final, conclusive
and binding upon all persons having any interest in the Plan. 
  

	7.4	Indemnity of Committee 

 The Company shall
indemnify and hold harmless the members of the Administrative Committee against any and all claims, loss, damage, expense or liability arising from any action or failure to act with respect to this Plan on account of such person’s service on
the Administrative Committee, except in the case of gross negligence or willful misconduct. 
 ARTICLE VIII 

CLAIMS PROCEDURE 
  

	8.1	Claim 

 Any person claiming a benefit,
requesting an interpretation or ruling under the Plan, or requesting information under the Plan shall present the request in writing to the Administrative Committee which shall respond in writing within 30 days. 

 

	8.2	Denial of Claim 

 If the claim or request
is denied, the written notice of denial shall state: 
  

	 	(a)	The reason for denial, with specific reference to the Plan provisions on which the denial is based. 

 

	 	(b)	A description of any additional material or information required and an explanation of why it is necessary. 

 

	 	(c)	An explanation of the Plan’s claim review procedure. 

  
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	8.3	Review of Claim 

  

	 	(a)	Any person whose claim or request is denied or who has not received a response within 30 days may request review by notice given in writing to the Administrative
Committee. The claim or request shall be reviewed by the Administrative Committee who may, but shall not be required to, grant the claimant a hearing. On review, the claimant may have representation, examine pertinent documents, and submit issues
and comments in writing. 

  

	 	(b)	Such notice shall be made within the lesser of 90 days of notice of denial or 120 days of the original written claim. 

 

	8.4	Final Decision 

 The decision on review
shall normally be made within 60 days. If an extension of time is required for a hearing or other special circumstances, the claimant shall be notified and the time limit shall be 120 days. The decision shall be in writing and shall state the reason
and the relevant plan provisions. All decisions on review shall be final and bind all parties concerned. 
 ARTICLE IX

 AMENDMENT AND TERMINATION OF PLAN 
  

	9.1	Amendment 

  

	 	(a)	The Company may amend the Plan at any time and from time to time by written instrument. Except as provided in (b) below, the power to amend may be executed only by
the Board. 

  

	 	(b)	The Administrative Committee may adopt any technical, clerical, conforming or clarifying amendment or other change, provided: 

 

	 	(i)	The Administrative Committee deems it necessary or advisable to: 

  

	 	(A)	correct any defect, supply any omission or reconcile any inconsistency in order to carry out the intent and purposes of the Plan; 

 

	 	(B)	maintain the Plan’s status as a “top-hat” plan for purposes of ERISA; or 

 

	 	(C)	facilitate the administration of the Plan; 

  

	 	(ii)	The amendment or change does not, without the consent of the Board, materially increase the cost to the Employer of maintaining the Plan; and 

  
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	 	(iii)	Any amendment adopted by the Administrative Committee shall be in writing, signed by a member of the Committee and promptly reported to the Board.

  

	 	(c)	To the extent permitted under subsections (e) and (f) below, amendments may have an immediate, prospective or retroactive effective date.

  

	 	(d)	Amendments do not require the consent of any Participant or Beneficiary. 

  

	 	(e)	Amendments are subject to the following limitations: 

  

	 	(i)	PRESERVATION OF ACCOUNT BALANCE. No amendment shall reduce the amount credited or to be credited to any Account as of the date notice of the amendment is given to
Participants, except as provided in subsection (f) below. 

  

	 	(ii)	CHANGES IN EARNINGS RATE. If the Plan is amended so that the Earnings Index is not used to calculate the Rate of Return, the rate of earnings to be credited to the
Participant’s Account shall not be less than the monthly equivalent of the average nominal annual yield on three month Treasury bills for the applicable Determination Period. 

 

	 	(iii)	AFTER A CHANGE IN CONTROL. No amendment shall change the methodology used to calculate the Rate of Return in any way which will lower the Participant’s returns on
any amounts deferred under Deferral Commitments filed prior to the Change in Control. All amounts deferred under Deferral Commitments filed prior to a Change in Control shall be paid as originally elected by the Participant unless the Participant
voluntarily changes such distribution elections in accordance with Section 5.2(a)(iv) or (v). 

  

	 	(f)	The Company may amend the Plan from time to time to comply with Code section 409A and such amendments shall not be subject to restrictions in subsection (e). If an
amendment reduces amounts that have been deferred, the Employer shall increase the compensation of the Participant to restore the Participant, as nearly as practicable, to the position as if the reduced amount had not been deferred, but without
adjustment for earnings or other time value of money. 

  

	9.2	Employer’s Right to Terminate 

 The
Board may at any time partially or completely terminate the Plan if, in its judgment, the tax, accounting or other effects of the continuance of the Plan, or potential payments thereunder would not be in the best interests of Employer. 

 

	 	(a)	PARTIAL TERMINATION. The Board may partially terminate the Plan by instructing the Administrative Committee not to accept any additional Deferral Commitments. If such a
partial termination occurs, the Plan shall continue to operate and be effective with regard to Deferral Commitments entered into prior to the effective date of such partial termination. 

  
 15 

	 	(b)	COMPLETE TERMINATION. The Board may completely terminate the Plan by instructing the Administrative Committee not to accept any additional Deferral Commitments, and by
terminating all ongoing Deferral Commitments. If such a complete termination occurs, the Plan shall cease to operate. If such complete termination is not upon a corporate dissolution taxed under section 331 of the Code and is without the approval of
a bankruptcy court pursuant to 11 U.S.C. §503(b)(1)(A), Employer shall pay out each Account no earlier than 12 months from the date of the plan termination and no later than 24 months from such date. Payment shall be made in a lump sum, except
as follows. If a Change in Control has occurred within the 12 months prior to the termination of the Plan, payment shall be made in the installment schedule elected by the Participant for payment upon Retirement. Subject to the restrictions on
payments to terminated key employees in Section 5.3, payments shall commence within 60 days after the Board terminates the Plan and earnings shall continue to be credited on the unpaid Account balance. 

ARTICLE X 

MISCELLANEOUS 
  

	10.1	Unfunded Plan 

 As to employees, this Plan
is an unfunded plan maintained primarily to provide deferred compensation benefits for a select group of “management or highly-compensated employees” within the meaning of sections 201, 301 and 401 of the Employee Retirement Income
Security Act of 1974, as amended (“ERISA”), and therefore is exempt from the provisions of Parts 2, 3 and 4 of Title I of ERISA. 
 As
to Directors, this Plan is not subject to ERISA because it does not provide benefits for employees. 
  

	10.2	Unsecured General Creditor 

 Participants
and Beneficiaries shall be unsecured general creditors, with no secured or preferential right to any assets of Employer or any other party for payment of benefits under this Plan. Any life insurance policies, annuity contracts or other property
purchased by Employer in connection with this Plan shall remain its general, unpledged and unrestricted assets. Employer’s obligation under the Plan shall be an unfunded and unsecured promise to pay money in the future. 

 

	10.3	Trust Fund 

 At its discretion, the
Company may establish one or more trusts, with such trustees as the Company may approve, for the purpose of providing for the payment of benefits owed under the Plan. Although such a trust shall be irrevocable, its assets shall be held for payment
of all the 

  
 16 

 Company’s general creditors in the event of insolvency or bankruptcy. To the extent any benefits
provided under the Plan are paid from any such trust, the Employers shall have no further obligation to pay them. If not paid from the trust, such benefits shall remain the obligation of the applicable Employer(s). 

 

	10.4	Nonassignability 

 Neither a Participant
nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any part
thereof, which are, and all rights to which are, expressly declared to be unassignable and nontransferable. No part of the amounts payable shall, prior to actual payment, be subject to seizure or sequestration for the payment of any debts,
judgments, alimony or separate maintenance owed by a Participant or any other person, nor be transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or insolvency. 

 

	10.5	Not a Contract of Employment 

 This Plan
shall not constitute a contract of employment between an Employer and a Participant. Nothing in this Plan shall give a Participant the right to be retained in the service of an Employer or to interfere with the right of an Employer to discipline or
discharge a Participant at any time. 
  

	10.6	Protective Provisions 

 A Participant will
cooperate with the Company by furnishing any and all information requested by the Company in order to facilitate the payment of benefits hereunder, and by taking such physical examinations as the Company may deem necessary and taking such other
action as may be requested by the Company. 
  

	10.7	Governing Law 

 The provisions of this
Plan shall be construed and interpreted according to the laws of the State of Illinois, except as preempted by federal law. 
  

	10.8	Validity 

 In case any provision of this
Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Plan shall be construed and enforced as if such illegal and invalid provision had never been inserted herein.

  

	10.9	Notice 

 Any notice required or permitted
under the Plan shall be sufficient if in writing and hand delivered or sent by registered or certified mail. Such notice shall be deemed as given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the
receipt for registration or certification. Mailed notice to the Administrative Committee shall be directed to the Company’s address. Mailed notice to a Participant or Beneficiary shall be directed to the individual’s last known address in
Employer’s records. 

  
 17 

	10.10	Successors 

 The provisions of this Plan
shall bind and inure to the benefit of Employer and its successors and assigns. The term successors as used herein shall include any corporate or other business entity which shall, whether by merger, consolidation, purchase or otherwise acquire all
or substantially all of the business and assets of Employer, and successors of any such corporation or other business entity. 
  

	10.11	Compliance with Code Section 409A 

 This
Plan is intended to comply and shall be administered in a manner that is intended to comply with Code section 409A and shall be construed and interpreted in accordance with such intent. To the extent that a payment and/or benefit is subject to Code
section 409A, it shall be paid in a manner that will comply with Code section 409A, including proposed, temporary or final regulations or any other guidance issued by the Secretary of the Treasury and the Internal Revenue Service with respect
thereto (the “Guidance”). Any provision of this Plan that would cause a payment and/or benefit to fail to satisfy Code section 409A shall have no force and effect until amended to comply with Code section 409A (which amendment may be
retroactive to the extent permitted by the Guidance). 
 Approved by the Board of Directors of the Company on May 9th, 2006 

  
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