Document:

Exhibit 4.1

 

 

EVERSOURCE ENERGY

 

and

 

THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A.,

 

AS TRUSTEE

 

 

 

FIFTEENTH SUPPLEMENTAL
INDENTURE

 

Dated as of August 1, 2021

 

Supplemental to the Indenture dated as of April
1, 2002

 

Senior Notes, Series T, Due 2023

 

Senior Notes, Series U, Due 2026

 

 

 

     

     

    

 

FIFTEENTH SUPPLEMENTAL INDENTURE,
dated as of August 1, 2021 (this “Fifteenth Supplemental Indenture”), between EVERSOURCE ENERGY, a voluntary association
duly organized and existing under the laws of the Commonwealth of Massachusetts (the “Company”), and THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A., formerly known as The Bank of New York Trust Company, N.A. (as successor trustee to The Bank of New York),
a national banking association, as Trustee under the Original Indenture referred to below (the “Trustee”).

 

RECITALS OF THE
COMPANY

 

The Company has heretofore
executed and delivered to the Trustee an indenture dated as of April 1, 2002 (the “Original Indenture”), as supplemented
and amended, to provide for the issuance from time to time of its notes, debentures or other evidences of indebtedness (the “Securities”),
the form and terms of which are to be established as set forth in Sections 201 and 301 of the Original Indenture.

 

Section 901 of the Original
Indenture provides, among other things, that the Company and the Trustee may enter into indentures supplemental to the Original Indenture
for, among other things, (a) the purpose of establishing the form and terms of the Securities of any series as permitted by Sections 201
and 301 of the Original Indenture, (b) changing any of the provisions of the Original Indenture as they apply to any series of Securities
created by such supplemental indenture and (c) amending the Original Indenture in a manner not materially adverse to Holders.

 

The Company has previously
executed and delivered to the Trustee fourteen supplemental indentures which are part of the Indenture for the purposes recited therein
and for the purpose of issuing Securities under the Indenture, the currently outstanding series of which are set forth in the following
table:

 

    2

     

    

 

	Supplemental Indenture	 	Date	 	Series	 	Amount	 	 	Currently

 Outstanding	 
	Fifth	 	May 1, 2013	 	Senior Notes, Series F, Due 2023	 	$	450,000,000	 	 	$	450,000,000	 
	Sixth	 	January 1, 2015	 	Senior Notes, Series H, Due 2025	 	$	300,000,000	 	 	$	300,000,000	 
	Seventh	 	March 1, 2016	 	Senior Notes, Series J, Due 2026	 	$	250,000,000	 	 	$	250,000,000	 
	Eighth	 	March 1, 2017	 	Senior Notes, Series K, Due 2022	 	$	300,000,000	 	 	$	300,000,000	 
	Ninth	 	October 1, 2017	 	Senior Notes, Series K, Due 2022	 	$	450,000,000	 	 	$	450,000,000	 
	Ninth	 	October 1, 2017	 	Senior Notes, Series L, Due 2024	 	$	450,000,000	 	 	$	450,000,000	 
	Tenth	 	January 1, 2018	 	Senior Notes, Series M, Due 2028	 	$	450,000,000	 	 	$	450,000,000	 
	Eleventh	 	December 1, 2018	 	Senior Notes, Series N, Due 2023	 	$	400,000,000	 	 	$	400,000,000	 
	Eleventh	 	December 1, 2018	 	Senior Notes, Series O, Due 2029	 	$	500,000,000	 	 	$	500,000,000	 
	Twelfth	 	January 1, 2020	 	Senior Notes, Series P, Due 2050	 	$	350,000,000	 	 	$	350,000,000	 
	Thirteenth	 	August 1, 2020	 	Senior Notes, Series P, Due 2050	 	$	300,000,000	 	 	$	300,000,000	 
	Thirteenth	 	August 1, 2020	 	Senior Notes, Series Q, Due 2025	 	$	300,000,000	 	 	$	300,000,000	 
	Thirteenth	 	August 1, 2020	 	Senior Notes, Series R, Due 2030	 	$	600,000,000	 	 	$	600,000,000	 
	Fourteenth	 	March 1, 2021	 	Senior Notes, Series S, Due 2031	 	$	350,000,000	 	 	$	350,000,000	 
	 	 	 	 	Total Outstanding Principal Amount:	 	 	 	 	 	$	5,450,000,000	 

 

The Company desires to
create two new series of Securities, in an initial aggregate principal amount of $650,000,000, the first series of which is to be
designated the “Senior Notes, Series T, Due 2023” in the aggregate principal amount of $350,000,000 (the
“Floating Rate Notes”) and the second series of which is to be designated as the “Senior Notes, Series U,
Due 2026” in the aggregate principal amount of $300,000,000 (the “Fixed Rate Notes”) and all action on the
part of the Company necessary to authorize the issuance of the Floating Rate Notes and the Fixed Rate Notes under the Original
Indenture and this Fifteenth Supplemental Indenture has been duly taken.

 

    3

     

    

 

All acts and things necessary
to make the Floating Rate Notes and the Fixed Rate Notes, when executed by the Company and completed, authenticated and delivered by the
Trustee as provided in the Original Indenture and this Fifteenth Supplemental Indenture, the valid and binding obligations of the Company
and to constitute these presents a valid and binding supplemental indenture and agreement according to its terms, have been done and performed.

 

NOW, THEREFORE, THIS FIFTEENTH
SUPPLEMENTAL INDENTURE WITNESSETH:

 

That in consideration of the
premises and of the acceptance and purchase of the Floating Rate Notes and the Fixed Rate Notes by the Holders thereof and of the acceptance
of this trust by the Trustee, the Company covenants and agrees with the Trustee, for the equal and ratable benefit of the Holders of the
Floating Rate Notes and the Fixed Rate Notes, as follows:

 

ARTICLE
1

Definitions

 

The use of the terms and expressions
herein is in accordance with the definitions, uses and constructions contained in the Original Indenture and (i) the form of the Floating
Rate Notes attached hereto as Exhibit A and (ii) the form of the Fixed Rate Notes attached hereto as Exhibit B.

 

ARTICLE
2

Terms and Issuance of the Senior Notes, Series T, Due 2023

 

Section
201.                     
Issue of Floating Rate Notes.

 

A series of Securities which
shall be designated the “Senior Notes, Series T, Due 2023” (the “Floating Rate Notes”) shall be executed,
authenticated and delivered from time to time in accordance with the provisions of, and shall in all respects be subject to, the terms
and conditions and covenants of, the Original Indenture and this Fifteenth Supplemental Indenture (including the form of Floating Rate
Note attached hereto as Exhibit A). The aggregate principal amount of the Floating Rate Notes that will initially be authenticated
and delivered under this Fifteenth Supplemental Indenture shall not, except as permitted by the provisions of the Original Indenture,
exceed $350,000,000. Additional Floating Rate Notes, without limitation as to amount, having substantially the same terms as the Floating
Rate Notes (except a different issue date, issue price and bearing interest from the last Interest Payment Date to which interest has
been paid or duly provided for on the Outstanding Floating Rate Notes, and, if no interest has been paid, from August 13, 2021) may also
be issued by the Company pursuant to this Fifteenth Supplemental Indenture without the consent of the existing Holders of the Floating
Rate Notes, provided that an Event of Default has not occurred and is continuing with respect to the Floating Rate Notes. Such additional
Floating Rate Notes shall be consolidated and form a part of the same series as the outstanding Floating Rate Notes.

 

The Calculation Agent
(as hereinafter defined) has been appointed by the Company pursuant to that certain Calculation Agency Agreement, dated the date
hereof, between The Bank of New York Mellon Trust Company, N.A. and the Company.

 

    4

     

    

 

Section
202.                     
Form of Floating Rate Notes; Incorporation of Terms.

 

The Floating Rate Notes shall
be in substantially the form set forth in Exhibit A attached hereto. The terms of the Floating Rate Notes contained in such form
are hereby incorporated herein by reference and are made a part of this Fifteenth Supplemental Indenture.

 

Section
203.                     
Global Security; Depositary for Global Securities.

 

The Floating Rate Notes shall
be issued initially in the form of a Global Security. The Depositary for any Global Securities of the series of which the Floating Rate
Notes are a part shall be The Depository Trust Company, New York, New York.

 

Section
204.                     
Limitation on Liens.

 

The provisions of Section
1007 of the Original Indenture shall be applicable to the Floating Rate Notes.

 

Section
205.                     
Sale and Leaseback Transactions.

 

The provisions of Section
1012 of the Original Indenture shall be applicable to the Floating Rate Notes.

 

Section
206.                     
Place of Payment.

 

The Place of Payment in respect
of the Floating Rate Notes shall be at the Corporate Trust Office, which, at the date hereof, is located at 500 Ross Street, 12th Floor,
Pittsburgh, Pennsylvania 15262, Attention: Corporate Trust Administration.

 

ARTICLE
3

Terms and Issuance of the Senior Notes, Series U, Due 2026

 

Section
301.                     
Issue of Fixed Rate Notes.

 

A series of Securities which shall be designated
the “Senior Notes, Series U, Due 2026” (the “Fixed Rate Notes”) shall be executed, authenticated and delivered
from time to time in accordance with the provisions of, and shall in all respects be subject to, the terms and conditions and covenants
of, the Original Indenture and this Fifteenth Supplemental Indenture (including the form of Fixed Rate Note attached hereto as Exhibit
A). The aggregate principal amount of the Fixed Rate Notes that will initially be authenticated and delivered under this Fifteenth
Supplemental Indenture shall not, except as permitted by the provisions of the Original Indenture, exceed $300,000,000. Additional Fixed
Rate Notes, without limitation as to amount, having substantially the same terms as the Fixed Rate Notes (except a different issue date,
issue price and bearing interest from the last Interest Payment Date to which interest has been paid or duly provided for on the Outstanding
Fixed Rate Notes, and, if no interest has been paid, from August 13, 2021) may also be issued by the Company pursuant to this Fifteenth
Supplemental Indenture without the consent of the existing Holders of the Fixed Rate Notes, provided that an Event of Default has not
occurred and is continuing with respect to the Fixed Rate Notes. Such additional Fixed Rate Notes shall be consolidated and form a part
of the same series as the outstanding Fixed Rate Notes.

 

    5

     

    

 

Section
302.                     
Form of Fixed Rate Notes; Incorporation of Terms.

 

The Fixed Rate Notes shall
be in substantially the form set forth in Exhibit A attached hereto. The terms of the Fixed Rate Notes contained in such form are
hereby incorporated herein by reference and are made a part of this Fifteenth Supplemental Indenture.

 

Section
303.                     
Global Security; Depositary for Global Securities.

 

The Fixed Rate Notes shall be issued initially
in the form of a Global Security. The Depositary for any Global Securities of the series of which the Fixed Rate Notes are a part shall
be The Depository Trust Company, New York, New York.

 

Section
304.                     
Limitation on Liens.

 

The provisions of Section
1007 of the Original Indenture shall be applicable to the Fixed Rate Notes.

 

Section
305.                     
Sale and Leaseback Transactions.

 

The provisions of Section
1012 of the Original Indenture shall be applicable to the Fixed Rate Notes.

 

Section
306.                     
Place of Payment.

 

The Place of Payment in respect of the Fixed Rate
Notes shall be at the Corporate Trust Office, which, at the date hereof, is located at 500 Ross Street, 12th Floor, Pittsburgh, Pennsylvania
15262, Attention: Corporate Trust Administration.

 

ARTICLE
4

 

Section
401.                     
Redemption of Floating Rate Notes

 

The Floating Rate Notes shall
not be subject to redemption prior to maturity or subject to any sinking fund.

 

Section
402.                     
Redemption of Fixed Rate Notes

 

The Fixed Rate Notes may be
redeemed at any time or from time to time prior to July 15, 2026 (one month prior to the maturity date of the Fixed Rate Notes), at the
option of the Company, at a redemption price determined by the Quotation Agent (defined below) equal to the greater of:

 

		·	100% of the principal amount of the Fixed Rate Notes being redeemed plus accrued and unpaid interest to, but excluding,
the redemption date or

 

    6

     

    

 

		·	the sum, as determined by the Quotation Agent (defined below), of the present values of the principal
amount of the Fixed Rate Notes to be redeemed, together with remaining scheduled payments of interest (exclusive of interest to the redemption
date) from the redemption date to the Fixed Rate Par Call Date (defined below) of the Fixed Rate Notes discounted to the redemption date
on a semi-annual basis, assuming a 360-day year consisting of twelve 30-day months, at the Adjusted Treasury Rate (defined below), plus
accrued and unpaid interest on the principal amount of the Fixed Rate Notes being redeemed to, but excluding the redemption date.

 

The Fixed Rate Notes may be
redeemed on or after July 15, 2026 (one month prior to the maturity date of the Fixed Rate Notes) at a redemption price as determined
by the Quotation Agent equal to 100% of the principal amount of the Fixed Rate Notes being redeemed, plus accrued and unpaid interest
thereon to, but excluding, the redemption date.

 

Section
403.                     
Definitions Applicable to Redemption Provisions. 

 

As used in this Article Four:

 

“Adjusted Treasury
Rate” means, with respect to any redemption date, (i) the yield, under the heading which represents the average for the immediately
preceding week, appearing in the most recently published statistical release designated “H.15” or any successor publication
which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United
States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity
corresponding to the Comparable Treasury Issue (defined below) (if no maturity is within three months before or after the Fixed Rate Par
Call Date, then yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be determined
and the Adjusted Treasury Rate shall be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest
month) or (ii) if such release (or any successor release) is not published during the week preceding the calculation date or does not
contain such yields, the rate per year equal to the semi- annual 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, in each case calculated on the third business day preceding the redemption date, plus 10 basis points.

 

“Comparable Treasury
Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the Fixed
Rate 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 the Fixed Rate Notes.

 

“Comparable Treasury
Price” means, with respect to any redemption date, if clause (ii) of the definition of Adjusted Treasury Rate is applicable,
the average of four, or such lesser number as is obtained by the Quotation Agent, Reference Treasury Dealer Quotations for such redemption
date.

 

    7

     

    

 

“Fixed Rate Par Call
Date” means July 15, 2026 (the date that is one month prior to the maturity date of the Fixed Rate Notes).

 

“Quotation Agent”
means one Reference Treasury Dealer selected by the Company.

 

“Reference Treasury
Dealer” means (i) each of Barclays Capital Inc. and BofA Securities, Inc. (or their respective affiliates that are Primary Treasury
Dealers, as defined herein) and their respective successors, provided, however, that if any of the foregoing shall cease to be a primary
U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”), the Company will substitute therefor
another Primary Treasury Dealer; and (ii) any other Primary Treasury Dealer selected by the Company.

 

“Reference Treasury
Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined
by a Reference Treasury Dealer, of the bid and asking prices for the Comparable Treasury Issue, expressed in each case as a percentage
of its principal amount, quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time,
on the third business day preceding such redemption date.

 

If less than all of the Fixed
Rate Notes are to be redeemed, the Fixed Rate Notes to be redeemed shall be selected in accordance with Depository Trust Company, or DTC,
procedures in portions (equal to $1,000 or any multiple thereof) of the principal amount of the Fixed Rate Notes larger than $2,000. Notice
of redemption will be sent to each holder of Fixed Rate Notes to be redeemed in accordance with applicable DTC procedures. If any Fixed
Rate Note is to be redeemed in part only, the notice of redemption that relates to that Fixed Rate Note will state the portion of the
principal amount of that Fixed Rate Note to be redeemed. In that case, the Company will issue a new Fixe Rate Note of any authorized denomination,
as requested, in an aggregate principal amount equal to the unredeemed portion of such Fixed Rate Note, in the name of the holder upon
cancellation of the original Fixe Rate Note.

 

The Company will deliver notice
of any redemption to holders of the Fixed Rate Notes, not more than sixty (60) nor less than thirty (30) days before the redemption date.

 

Unless the Company defaults
in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the Fixed Rate Notes called for
redemption.

 

The Fixed Rate Notes are not
subject to any sinking fund.

 

ARTICLE
5

Provisions of the Original Indenture Solely Applicable to the Floating Rate Notes and Fixed Rate Notes

 

Section
501.                     
Section 101 of the Original Indenture.

 

Solely with respect to the
Floating Rate Notes and Fixed Rate Notes, the following definition shall be added after the definition of “Discharged” in
Section 101:

 

““Electronic
Means” means the following communications methods: e- mail, facsimile transmission, secure electronic transmission
containing applicable authorization codes, passwords and/or authentication keys issued by the Trustee, or another method or system
specified by the Trustee as available for use in connection with its services hereunder.”

 

    8

     

    

 

Section
502.                     
Section 105 of the Original Indenture.

 

Solely with respect to the
Floating Rate Notes and Fixed Rate Notes, the following paragraph shall be added at the end of Section 105:

 

“The Trustee
shall have the right to accept and act upon instructions, including funds transfer instructions (“Instructions”) given
pursuant to this Indenture and delivered using Electronic Means; provided, however, that the Company shall provide to the Trustee an incumbency
certificate listing officers with the authority to provide such Instructions (“Authorized Officers”) and containing
specimen signatures of such Authorized Officers, which incumbency certificate shall be amended by the Company whenever a person is to
be added or deleted from the listing. If the Company elects to give the Trustee Instructions using Electronic Means and the Trustee in
its discretion elects to act upon such Instructions, the Trustee’s understanding of such Instructions shall be deemed controlling.
The Company understands and agrees that the Trustee cannot determine the identity of the actual sender of such Instructions and that the
Trustee shall conclusively presume that directions that purport to have been sent by an Authorized Officer listed on the incumbency certificate
provided to the Trustee have been sent by such Authorized Officer. The Company shall be responsible for ensuring that only Authorized
Officers transmit such Instructions to the Trustee and that the Company and all Authorized Officers are solely responsible to safeguard
the use and confidentiality of applicable user and authorization codes, passwords and/or authentication keys upon receipt by the Company.
The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon
and compliance with such Instructions notwithstanding such directions conflict or are inconsistent with a subsequent written instruction.
The Company agrees: (i) to assume all risks arising out of the use of Electronic Means to submit Instructions to the Trustee, including
without limitation the risk of the Trustee acting on unauthorized Instructions, and the risk of interception and misuse by third parties;
(ii) that it is fully informed of the protections and risks associated with the various methods of transmitting Instructions to the Trustee
and that there may be more secure methods of transmitting Instructions than the method(s) selected by the Company; (iii) that the security
procedures (if any) to be followed in connection with its transmission of Instructions provide to it a commercially reasonable degree
of protection in light of its particular needs and circumstances; and (iv) to notify the Trustee immediately upon learning of any compromise
or unauthorized use of the security procedures.”

 

Section
503.                     
Section 310 of the Original Indenture.

 

Section 310 of the Original
Indenture shall not apply to the Floating Rate Notes. Section 310 of the Original Indenture is hereby amended in its entirety with respect
to the Floating Rate Notes to state:

 

    9

     

    

 

“Section 310 Computation
of Interest.”

 

(a)       Definitions.
The following defined terms used in this Section 310 shall, unless the context otherwise requires, have the meanings specified below for
purposes of the Floating Rate Notes.

 

“Benchmark”
means, initially, Compounded SOFR, as such term is defined herein; provided that if a Benchmark Transition Event and its related Benchmark
Replacement Date have occurred with respect to Compounded SOFR (or the published SOFR Index used in the calculation thereof) or the then-current
Benchmark, then “Benchmark” means the applicable Benchmark Replacement.

 

“Benchmark Replacement”
means the first alternative set forth in the order below that can be determined by the Company (or its Designee) as of the Benchmark Replacement
Date:

 

(1) the sum of: (a) the alternate
rate of interest that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark
and (b) the Benchmark Replacement Adjustment;

 

(2) the sum of: (a) the ISDA
Fallback Rate and (b) the Benchmark Replacement Adjustment; and

 

(3) the sum of: (a) the alternate
rate of interest that has been selected by the Company (or its Designee) as the replacement for the then-current Benchmark giving due
consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar denominated Floating
Rate Notes at such time and (b) the Benchmark Replacement Adjustment.

 

“Benchmark Replacement Adjustment”
means the first alternative set forth in the order below that can be determined by the Company (or its Designee) as of the Benchmark Replacement
Date:

 

		(1)	the spread adjustment, or method for calculating or determining such spread adjustment, (which may be positive or negative value or
zero) that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement;

 

		(2)	if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, then the ISDA Fallback Adjustment; and

 

		(3)	the spread adjustment (which may be a positive or negative value
or zero) that has been selected by the Company (or its Designee) giving due consideration to any industry-accepted spread adjustment,
or method for calculating or determining such spread adjustment, for the replacement of the then-current Benchmark with the applicable
Unadjusted Benchmark Replacement for U.S. dollar denominated Floating Rate Notes at such time.

 

The Benchmark Replacement
Adjustment shall not include the Margin and the Margin shall be applied to the Benchmark Replacement to determine the interest payable
on the Floating Rate Notes.

 

“Benchmark Replacement
Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including
changes to the definition or interpretation of “interest period”, timing and frequency of determining rates and making payments
of interest, rounding of amounts or tenor, and other administrative matters), or any other changes to any other terms or provisions of
the Floating Rate Notes, in each case that the Company (or its Designee) decides may be appropriate to reflect the adoption of such Benchmark
Replacement in a manner substantially consistent with market practice (or, if the Company (or its Designee) decides that adoption of any
portion of such market practice is not administratively feasible or if the Company (or its Designee) determines that no market practice
for use of the Benchmark Replacement exists, in such other manner as the Company (or its Designee) determines is reasonably necessary
or practicable).

 

    10

     

    

 

“Benchmark Replacement Date”
means the earliest to occur of the following events with respect to the then-current Benchmark:

 

		(1)	in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public
statement or publication of information referenced therein and (b) the date on which the administrator of the Benchmark permanently or
indefinitely ceases to provide the Benchmark; or

 

		(2)	in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication
of information referenced therein.

 

For the avoidance of doubt, if the event giving
rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination,
the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination.

 

“Benchmark Transition Event”
means the occurrence of one or more of the following events with respect to the then-current Benchmark (including the daily published
component used in the calculation thereof):

 

		(1)	a public statement or publication of information by or on behalf of the administrator of the Benchmark (or such component) announcing
that such administrator has ceased or will cease to provide the Benchmark (or such component), permanently or indefinitely, provided that,
at the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark (or such
component);

 

		(2)	a public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark (or such component),
the central bank for the currency of the Benchmark (or such component), an insolvency official with jurisdiction over the administrator
for the Benchmark (or such component), a resolution authority with jurisdiction over the administrator for the Benchmark (or such component)
or a court or an entity with similar insolvency or resolution authority over the administrator for the Benchmark (or such
component), which states that the administrator of the Benchmark (or such component) has ceased or will cease to provide the Benchmark
(or such component) permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator
that will continue to provide the Benchmark (or such component); or 

 

    11

     

    

 

		(3)	a public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark announcing that
the Benchmark is no longer representative.

 

“Compounded SOFR” will be determined
by the Calculation Agent in accordance with the following formula (and the resulting percentage will be rounded, if necessary, to the
nearest one hundred-thousandth of a percentage point):

 

 

where:

 

“SOFR IndexStart” = For periods other than the
initial interest period, the SOFR Index value on the preceding Interest Payment Determination Date, and, for the initial interest period,
the SOFR Index value two U.S. Government Securities Business Days before the date of original issuance;

 

“SOFR IndexEnd” = The SOFR Index value on the
Interest Payment Determination Date relating to the applicable Floating Rate Interest Payment Date (or, in the final interest period,
relating to the maturity date); and

 

“dc” is the number of calendar
days in the relevant Observation Period.

 

“Calculation Agent” means a
banking institution or trust company appointed by the Company to act as calculation agent, initially The Bank of New York Mellon Trust
Company, N.A.

 

“Designee” means an independent
financial advisor or such other designee of the Company. For the avoidance of doubt, in no event shall the Calculation Agent, the Trustee
or the Paying Agent be the Designee.

 

“Floating Rate Interest Payment Date”
means February 15, May 15, August 15 and November 15 of each year, commencing on November 15. 2021.

 

“Interest Payment Determination Date”
means the date that is two U.S. Government Securities Business Days before each Floating Rate Interest Payment Date.

 

    12

     

    

 

“interest period” means (i)
the period commencing on any Floating Rate Interest Payment Date (or, with respect to the initial interest period only, commencing on
the date of original issuance) to, but excluding, the next succeeding Floating Rate Interest Payment Date or, (ii) in the case of the
last such period, the period from and including the Floating Rate Interest Payment Date immediately preceding the maturity date to, but
excluding, the maturity date

 

“ISDA Definitions” means the
2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented
from time to time, or any successor definitional booklet for interest rate derivatives published from time to time.

 

“ISDA Fallback Adjustment” means
the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the
ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark.

 

“ISDA Fallback Rate” means the
rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation
date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

 

“Margin” has the meaning set
forth in Section 310(b) hereof.

 

“Observation Period” means,
in respect of each interest period, the period from, and including, the date that is two U.S. Government Securities Business Days preceding
the first date in such interest period to, but excluding, the date that is two U.S. Government Securities Business Days preceding the
Floating Rate Interest Payment Date for such interest period (or in the final interest period, preceding the maturity date).

 

“Reference Time” with respect
to any determination of the Benchmark means (1) if the Benchmark is Compounded SOFR, the SOFR Index Determination Time, as such time is
defined above, and (2) if the Benchmark is not Compounded SOFR, the time determined by the Company (or its Designee) in accordance with
the Benchmark Replacement Conforming Changes.

 

“Relevant Governmental Body”
means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal
Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.

 

“SOFR” means the daily secured overnight
financing rate as provided by the SOFR Administrator on the SOFR Administrator’s Website.

 

“SOFR Administrator” means the
Federal Reserve Bank of New York (or a successor administrator of SOFR).

 

    13

     

    

 

“SOFR Administrator’s Website”
means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor source.

 

“SOFR Index” means, with respect to any
U.S. Government Securities Business Day:

 

(1)              
the SOFR Index value as published by the SOFR Administrator as such index appears on the SOFR Administrator’s Website at
3:00 p.m. (New York time) on such U.S. Government Securities Business Day (the “SOFR Index Determination Time”); provided
that:

 

(2)              
if a SOFR Index value does not so appear as specified in (1) above at the SOFR Index Determination Time, then: (i) if a Benchmark
Transition Event and its related Benchmark Replacement Date have not occurred with respect to SOFR, then Compounded SOFR shall be the
rate determined pursuant to the “SOFR Index Unavailable Provisions” described below; or (ii) if a Benchmark Transition Event
and its related Benchmark Replacement Date have occurred with respect to SOFR, then Compounded SOFR shall be the rate determined pursuant
to the “Effect of Benchmark Transition Event” provisions described below.

 

“Unadjusted Benchmark Replacement”
means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

 

“U.S. Government Securities Business Day”
means any day except for a Saturday, a Sunday or a day on which the Securities Industry and Financial Markets Association recommends that
the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities.

 

(b)              
Payment of Interest.

 

The Floating Rate Notes will
bear interest from the date of original issuance of the Floating Rate Notes at a floating rate determined in the manner described in this
Section 310(b), payable quarterly in arrears on each Floating Rate Interest Payment Date, beginning on November 15, 2021. The Floating
Rate Notes will bear interest at an annual rate equal to Compounded SOFR, determined as described in this Section 310(b), plus 25 basis
points (the “Margin”).

 

The record date for interest payable on any Floating
Rate Interest Payment Date shall be the close of business on (i) the business day immediately preceding such Floating Rate Interest Payment
Date so long as all of the Floating Rate Notes remain in book-entry only form or (ii) the fifteenth calendar day immediately preceding
such Floating Rate Interest Payment Date if any of the Floating Rate Notes do not remain in book-entry only form. Interest on the Floating
Rate Notes will accrue from and including August 13, 2021 to, but excluding, the first Floating Rate Interest Payment Date. Starting on
the first Floating Rate Interest Payment Date, interest on the Floating Rate Notes will accrue from and including the last Floating Rate
Interest Payment Date to which the Company has paid, or duly provided for the payment of, interest on the Floating Rate Notes to, but
excluding, the next succeeding Floating Rate Interest Payment Date. No interest will accrue on the Floating Rate Notes for the day that
the Floating Rate Notes mature. The amount of interest payable for any interest period will be computed on the basis of a 360-day year
and the actual number of days in the interest period.

 

    14

     

    

 

If any Floating Rate Interest
Payment Date falls on a day that is not a business day, the Company will make the interest payment on the next succeeding business day
unless that business day is in the next succeeding calendar month, in which case (other than in the case of the maturity date) the Company
will make the interest payment on the immediately preceding business day. If an interest payment is made on the next succeeding business
day, no interest will accrue as a result of the delay in payment. If the maturity date of the Floating Rate Notes falls on a day that
is not a business day, the payment due on such date will be postponed to the next succeeding business day, and no further interest will
accrue in respect of such postponement.

 

On each Interest Payment Determination
Date relating to the applicable Floating Rate Interest Payment Date, the Calculation Agent will calculate the amount of accrued interest
payable on the Floating Rate Notes by multiplying (i) the outstanding principal amount of the Floating Rate Notes by (ii) the product
of (a) the interest rate for the relevant interest period multiplied by (b) the quotient of the actual number of calendar days in such
interest period divided by 360. In no event will the interest rate on the Floating Rate Notes be less than zero.

 

Notwithstanding anything to the contrary in any
transaction documents relating to the Floating Rate Notes, if the Company (or its Designee) determines on or prior to the relevant Reference
Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to determining Compounded
SOFR, then the benchmark replacement provisions set forth below under “Effect of Benchmark Transition Event” will thereafter
apply to all determinations of the rate of interest payable on the Floating Rate Notes.

 

For the avoidance of doubt, in accordance with
the benchmark replacement provisions, after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the
interest rate for each interest period on the Floating Rate Notes will be an annual rate equal to the sum of the Benchmark Replacement
and the Margin.

 

Absent wilful misconduct,
bad faith or manifest error, the calculation of the applicable interest rate for each interest period by the Calculation Agent, or in
certain circumstances, by the Company (or its Designee) will be final and binding on the Company, the Trustee, and the Holders of the
Floating Rate Notes.

 

None of the Trustee,
paying agent, registrar or Calculation Agent shall be under any obligation (i) to monitor, determine or verify the unavailability or
cessation of SOFR or the SOFR Index, or whether or when there has occurred, or to give notice to any other transaction party of the
occurrence of, any Benchmark Transition Event or related Benchmark Replacement Date, (ii) to select, determine or designate any
Benchmark Replacement, or other successor or replacement benchmark index, or whether any conditions to the designation of such a
rate or index have been satisfied, (iii) to select, determine or designate any Benchmark Replacement Adjustment, or other modifier
to any replacement or successor index, or the business day convention, interest determination dates or any other relevant
methodology for calculating any such substitute or successor benchmark, or (iv) to determine whether or what Benchmark Replacement
Conforming Changes are necessary or advisable, if any, in connection with any of the foregoing. In connection with the foregoing,
the Calculation Agent will be entitled to conclusively rely on any determinations made by the Company (or its Designee) and will
have no liability for such actions taken at the direction of the Company (or its Designee).

 

    15

     

    

 

 

None of the Trustee, Paying
Agent, Security Registrar or Calculation Agent shall be liable for any inability, failure or delay on its part to perform any of its duties
described in the Indenture as a result of the unavailability of SOFR, the SOFR Index or other applicable Benchmark Replacement, including
as a result of any failure, inability, delay, error or inaccuracy on the part of any other transaction party in providing any direction,
instruction, notice or information contemplated by the Indenture and reasonably required for the performance of such duties.

 

(c)              
SOFR Index Unavailable Provisions. If a SOFR IndexStart or SOFR IndexEnd is not published on the associated Interest Payment
Determination Date and a Benchmark Transition Event and its related Benchmark Replacement Date have not occurred with respect to SOFR,
“Compounded SOFR” means, for the applicable interest period for which such index is not available, the rate of return on a
daily compounded interest investment calculated in accordance with the formula for SOFR Averages, and definitions required for such formula,
published on the SOFR Administrator’s Website, initially located at https://www.newyorkfed.org/markets/treasury-repo-reference-rates-information.
For the purposes of this Section 310(c), references in the SOFR Averages compounding formula and related definitions to “calculation
period” shall be replaced with “Observation Period” and the words “that is, 30-, 90-, or 180- calendar days”
shall be removed. If SOFR does not so appear for any day, “i” in the Observation Period, SOFRi for such day “i”
shall be SOFR published in respect of the first preceding U.S. Government Securities Business Day for which SOFR was published on the
SOFR Administrator’s Website.

 

(d)              
Effect of Benchmark Transition Event.

 

		(i)	Benchmark Replacement. If the Company (or its Designee) determines that a Benchmark Transition Event and its related Benchmark
Replacement Date have occurred prior to the Reference Time in respect of any determination of the Benchmark on any date, the Benchmark
Replacement will replace the then-current Benchmark for all purposes relating to the Floating Rate Notes in respect of such determination
on such date and all determinations on all subsequent dates.

 

		(ii)	Benchmark Replacement Conforming Changes. In connection with the implementation of a Benchmark Replacement, the Company (or
its Designee) will have the right to make Benchmark Replacement Conforming Changes from time to time.

 

		(iii)	Decisions and Determinations. Any determination, decision or election that may be made by the Company (or its Designee)
                                                               pursuant to the benchmark replacement provision described in this subsection “Effect of Benchmark Transition Event,”
                                                               including any determination with respect to tenor, rate or adjustment or of the occurrence or non-occurrence of an event,
                                                               circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding
                                                               absent manifest error, will be made in the Company (or its Designee’s)
sole discretion, and, notwithstanding anything to the contrary in any transaction documents relating to the Floating Rate Notes, shall
become effective without consent from the holders of the Floating Rate Notes or any other party.”

 

    16 

     

    

 

Section
504.                     
Section 401 of the Original Indenture.

 

Section 401 of the Original
Indenture shall not apply to the Floating Rate Notes or the Fixed Rate Notes. Section 401 of the Original Indenture is hereby amended
in its entirety with respect to the Floating Rate Notes and Fixed Rate Notes to state:

 

“SECTION 401.                    Satisfaction
and Discharge of Indenture.

 

This Indenture shall
upon Company Request cease to be of further effect, and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture, when

 

		(1)	either (A) all Securities theretofore authenticated and delivered (other than (x) Securities which have
been destroyed, lost or stolen and which have been replaced or paid as provided in Section 306 hereof and (y) Securities for whose payment
money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged
from such trust, as provided in Section 1003 hereof) have been delivered to the Trustee for cancellation; or (B) all such Securities not
theretofore delivered to the Trustee for cancellation have become due and payable and the Company has irrevocably deposited or caused
to be irrevocably deposited (in each case except as provided in Section 402(c) hereof and the last paragraph of Section 1003 hereof) with
the Paying Agent or with the Trustee as trust funds in trust for the purpose an amount of money sufficient to pay and discharge, or has
otherwise paid, the entire Indebtedness on such Securities for principal and interest, if any;

 

		(2)	the Company has paid or caused to be paid all other sums payable hereunder by the Company; and

 

		(3)	the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each
stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied
with;

 

provided, however,
that if the Trustee or any Paying Agent is required to return any money deposited with it as described in this Section 401 to the Company
or its representative under any applicable Federal or state bankruptcy, insolvency or similar law, this Indenture shall retroactively
be deemed not to have been satisfied and discharged and automatically shall be reinstated and shall remain in full force and effect without
any further action, but the Company shall execute and deliver such instruments as the Trustee shall reasonably request to evidence and
acknowledge the same.

 

    17 

     

    

 

Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 607 hereof, the obligations
of the Trustee to any Authenticating Agent under Section 614 hereof and, if money shall have been deposited with the Paying Agent or the
Trustee pursuant to subclause (B) of clause (1) of this Section 401, the obligations of the Company and the Trustee under Sections 401,
402, 1002 and 1003 hereof shall survive.”

 

SECTION 4.02.                     Section 403 of the Original
Indenture.

 

Section 403 of the
Original Indenture shall not apply to the Floating Rate Notes or the Fixed Rate Notes. Section 403 of the Original Indenture is hereby
amended in its entirety with respect to the Floating Rate Notes and Fixed Rate Notes to state:

 

“SECTION 403.                    Satisfaction,
Discharge and Defeasance of the Notes.

 

The Company shall
be deemed to have paid and Discharged the entire Indebtedness on all the Outstanding Notes upon the deposit referred to in subparagraph
(1) hereof, and the provisions of this Indenture, as they relate to such Outstanding Notes, shall no longer be in effect (and the Trustee,
at the expense of the Company, shall at Company Request execute proper instruments acknowledging the same), except as to:

 

		(a)	the rights of Holders of the Notes to receive, from the trust funds described in subparagraph (1) hereof,
payment of the principal of (and premium, if any) or interest, if any, on the Outstanding Notes on the Stated Maturity; or to and including
the Redemption Date irrevocably designated by the Company pursuant to subparagraph (4) hereof;

 

		(b)	the Company's obligations with respect to such Notes under Sections 305, 306, 1002 and 1003 hereof and,
if the Company shall have irrevocably designated a Redemption Date pursuant to subparagraph (5) hereof, Sections 1101, 1104 and 1106 hereof
as they apply to such Redemption Date;

 

		(c)	the Company's obligations with respect to the Trustee under Section 607 hereof; and

 

		(d)	the rights, powers, trust and immunities of the Trustee hereunder and the duties of the Trustee under
Section 402 hereof and, if the Company shall have irrevocably designated a Redemption Date pursuant to subparagraph (5)hereof, Article
11 and the duty of the Trustee to authenticate Notes on registration of transfer or exchange;

 

provided that, the
following conditions shall have been satisfied:

 

		(1)	the Company has irrevocably deposited or caused to be irrevocably deposited (in each case except as
                                                             provided in Section 402(c) hereof and the last paragraph of Section 1003 hereof) with the Trustee as trust funds in trust,
                                                             specifically pledged as security for, and dedicated solely to, the benefit of the Holders of the Notes, an amount of (i) money, or
                                                             (ii) U.S. Government Obligations or a combination of money
and U.S. Government Obligations, in each case sufficient, in the opinion of a nationally recognized firm of independent certified public
accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which the Trustee shall be
instructed to apply to pay and discharge, the principal of and interest, if any, on the Notes on the Stated Maturity or to and including
the Redemption Date irrevocably designated by the Company pursuant to subparagraph (4) hereof; provided, however, that (A) all money and
U.S. Government Obligations deposited pursuant to this Section 403 shall be denominated in U.S. Dollars; and (B) U.S. Government Obligations
shall be valued at the amount of money that they will provide through the payment of principal and interest in respect thereof in accordance
with their terms no later than one day prior to the Stated Maturity or such Redemption Date, and shall not contain provisions permitting
the redemption or other prepayment at the option of the issuer thereof prior to the Stated Maturity or such Redemption Date;

 

    18 

     

    

 

		(2)	no Event of Default or event which with notice or lapse of time would become an Event of Default (including
by reason of such deposit) with respect to the Notes shall have occurred and be continuing on the date of such deposit;

 

		(3)	the Company has delivered to the Trustee an unqualified opinion, in form and substance reasonably acceptable
to the Trustee, of independent counsel of national standing selected by the Company and satisfactory to the Trustee to the effect that
(i) Holders of the Notes will not recognize income, gain or loss for Federal income tax purposes as a result of the deposit, defeasance
and discharge, which opinion shall be based on a change in law or a ruling by the U.S. Internal Revenue Service after the date hereof
and (ii) the defeasance trust is not, or is registered as, an investment company under the Investment Company Act of 1940;

 

		(4)	if the Company has deposited or caused to be deposited money or U.S. Government Obligations to pay or
discharge the principal of (and premium, if any) and interest, if any, on the Outstanding Securities of a series to and including a Redemption
Date on which all of the Outstanding Securities of such series are to be redeemed, such Redemption Date shall be irrevocably designated
by a Board Resolution delivered to the Trustee on or prior to the date of deposit of such money or U.S. Government Obligations, and such
Board Resolution shall be accompanied by an irrevocable Company Request that the Trustee give notice of such redemption in the name and
at the expense of the Company not less than 30 nor more than 60 days prior to such Redemption Date in accordance with Section 1104 hereof;

 

		(5)	the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each
stating that all conditions precedent herein provided for relating to the satisfaction and discharge of the Securities have been complied
with.

 

    19 

     

    

 

The condition set
forth in clause (i) of subparagraph (3) hereof shall not apply if the Company shall have complied with the remaining conditions of subparagraphs
1-5 hereof as of a date which is no more than 60 days prior to the maturity date.

 

Anything herein
to the contrary notwithstanding, (a) if the Trustee or any Paying Agent is required to return any money or U.S. Government Obligations
deposited with it pursuant to this Section 403 to the Company or its representative under any Federal or state bankruptcy, insolvency
or similar law, such Security shall thereupon be deemed retroactively not to have been paid and any satisfaction and discharge of the
Company’s Indebtedness in respect thereof shall retroactively be deemed not to have been effected, and such Security shall be deemed
to remain Outstanding and the provisions of the Indenture relating to such Security shall be reinstated and shall remain in full force
and effect and (b) any satisfaction and discharge of the Company’s Indebtedness in respect of any Security shall be subject to the
provisions of the last paragraph of Section 1003.”

 

Section
505.                     
Section 1009 of the Original Indenture.

 

Subparagraph (1) of Section
1009 of the Original Indenture shall not apply to the Floating Rate Notes or the Fixed Rate Notes. Subparagraph (1) of Section 1009 of
the Original Indenture is hereby amended in its entirety with respect to the Floating Rate Notes and Fixed Rate Notes to state:

 

“the Company
has irrevocably deposited or caused to be irrevocably deposited (in each case except as provided in Section 402(c) hereof and the last
paragraph of Section 1003 hereof) with the Trustee (specifying that each deposit is pursuant to this Section 1009) as trust funds in trust,
specifically pledged as security for, and dedicated solely to, the benefit of the Holders of the Notes, an amount of (i) money or (ii)
U.S. Government Obligations or a combination of money and U.S. Government Obligations, in each case sufficient, in the opinion of a nationally
recognized firm of independent certified public accountants expressed in a written certification thereof delivered to the Trustee, to
pay and discharge, and which the Trustee shall be instructed to apply to pay and discharge, the principal of and each installment of principal
and interest, if any, on the Notes on the Stated Maturity of such principal or to and including the Redemption Date irrevocably designated
by the Company pursuant to subparagraph (4) of this Section 1009; provided, however, that (A) all money and U.S. Government Obligations
deposited pursuant to this Section 1009 shall be denominated in U.S. Dollars; and (B) U.S. Government Obligations shall be valued at the
amount of money that they will provide through the payment of principal and interest in respect thereof in accordance with their terms
no later than one day prior to the Stated Maturity or such Redemption Date and shall not contain provisions permitting the redemption
or other prepayment at the option of the issuer thereof prior to the Stated Maturity;”

 

ARTICLE
6

Miscellaneous

 

Section
601.                     
Execution as Supplemental Indenture.

 

This Fifteenth Supplemental
Indenture is executed and shall be construed as an indenture supplemental to the Original Indenture and, as provided in the Original Indenture,
this Fifteenth Supplemental Indenture forms a part thereof.

 

    20 

     

    

 

Section
602.                     
Conflict with Trust Indenture Act.

 

If any provision hereof limits,
qualifies or conflicts with another provision hereof which is required to be included in this Fifteenth Supplemental Indenture by any
of the provisions of the Trust Indenture Act, such required provision shall control.

 

Section
603.                     
Effect of Headings.

 

The Article and Section headings
herein are for convenience only and shall not affect the construction hereof.

 

Section
604.                     
Successors and Assigns.

 

All covenants and agreements
by the Company in this Fifteenth Supplemental Indenture shall bind its successors and assigns, whether so expressed or not.

 

Section
605.                     
Separability Clause.

 

In case any provision in this
Fifteenth Supplemental Indenture or in the Floating Rate Notes or the Fixed Rate Notes shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

Section
606.                     
Benefits of Fifteenth Supplemental Indenture.

 

Nothing in this Fifteenth
Supplemental Indenture or in the Floating Rate Notes or the Fixed Rate Notes, express or implied, shall give to any Person, other than
the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under
this Fifteenth Supplemental Indenture.

 

Section
607.                     
Trustee.

 

The Trustee shall have no
responsibility for the recitals contained in this Fifteenth Supplemental Indenture, all of which shall be taken as the statements of the
Company, or for the validity or sufficiency of this Fifteenth Supplemental Indenture. In acting hereunder, the Trustee shall have the
rights, protections and immunities granted to it under the Original Indenture.

 

Section
608.                     
Governing Law.

 

This Fifteenth Supplemental
Indenture shall be governed by and construed in accordance with the laws of the State of New York.

 

Section
609.                     
Execution and Counterparts.

 

This Fifteenth Supplemental
Indenture may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall
together constitute but one and the same instrument.

 

    21 

     

    

 

Section
610.                     
Liability of Trustees and Shareholders.

 

The Declaration of Trust of
the Company provides that no shareholder of the Company shall be held to any liability whatever for the payment of any sum of money, or
for damages or otherwise under any contract, obligation or undertaking made, entered into or issued by the trustees of the Company or
by any officer, agent or representative elected or appointed by the trustees and no such contract, obligation or undertaking shall be
enforceable against the trustees or any of them in their or his individual capacities or capacity and all such contracts, obligations
and undertakings shall be enforceable only against the trustees as such, and every person, firm, association, trust and corporation having
any claim or demand arising out of any such contract, obligation or undertaking shall look only to the trust estate for the payment or
satisfaction thereof.

 

Section
611.                     
Certain Tax Matters.

 

The Trustee shall be entitled
to deduct FATCA Withholding Tax, and shall have no obligation to gross-up any payment thereunder or to pay any additional amount as a
result of such FATCA Withholding Tax. The Company hereby covenants with the Trustee that it will provide the Trustee with sufficient information
so as to enable the determination of whether any payments pursuant to this Fifteenth Supplemental Indenture are subject to the withholding
requirements described in Section 1471(a) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”) or otherwise
imposed pursuant to Sections 1471 through 1474 of the Code and any regulations, or agreements thereunder or official interpretations thereof
(“FATCA Withholding Tax”).

 

Section
612.                     
Economic Sanctions.

 

(a)              
The Company covenants and represents that neither it nor any of its affiliates, subsidiaries, directors or officers are the target
or subject of any sanctions enforced by the US Government, (including, without limitation, the Office of Foreign Assets Control of the
US Department of the Treasury or the US Department of State), the United Nations Security Council, the European Union, Her Majesty’s
Treasury, or other relevant sanctions authority (collectively “Sanctions”);

 

(b)              
The Company covenants and represents that neither it nor any of its affiliates, subsidiaries, directors or officers will directly
or indirectly use any payments made pursuant to this Fifteenth Supplemental Indenture, (i) to fund or facilitate any activities of or
business with any person who, at the time of such funding or facilitation, is the subject or target of Sanctions, (ii) to fund or facilitate
any activities of or business with any country or territory that is the target or subject of Sanctions, or (iii) in any other manner that
will result in a violation of Sanctions by any person.

 

    22 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this Fifteenth Supplemental Indenture to be duly executed, all as of the day and year first above written.

 

	 	EVERSOURCE ENERGY

 

	 	By:	/s/ Emilie G. O’Neil

	 	 	Emilie G. O’Neil

	 	 	Assistant Treasurer

 

	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N. A.,

	 	as Trustee

 

	 	By:	/s/ Michele R. Shrum

	 	 	Michele R. Shrum

	 	 	Vice President

 

    23 

     

    

 

Exhibit
A

 

[Form of Face of Global Security]

 

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 OF A DEPOSITARY.
THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE DEPOSITARY
TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED
EXCEPT IN LIMITED CIRCUMSTANCES.

 

Unless this certificate is
presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to Eversource
Energy or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede &
Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such
other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

 

EVERSOURCE ENERGY

 

SENIOR NOTES, SERIES
T, DUE 2023

 

	CUSIP NO. 30040W AM0	$350,000,000

 

No. 1

 

EVERSOURCE ENERGY, a voluntary
association duly organized and existing under the laws of the Commonwealth of Massachusetts (the “Company”, which term
includes any successor entity under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co.,
or registered assigns, the principal sum of Three Hundred Fifty Million Dollars ($350,000,000) on August 15, 2023 (the “Final
Maturity”), and to pay interest thereon from August 13, 2021 or from the most recent Interest Payment Date to which interest
has been paid or duly provided for, quarterly in arrears on February 15, May 15, August 15 and November 15 of each year, commencing on
November 15, 2021, at the rate equal to Compounded SOFR plus 0.25% per annum (the “Margin”), until the principal hereof
is paid or made available for payment and, subject to the terms of the Indenture, at the same rate on any overdue principal and premium
and (to the extent that the payment of such interest shall be legally enforceable) on any overdue installment of interest.

 

(a)       Determining
the Floating Rate. The record date for interest payable on any Floating Rate Interest Payment Date shall be the close of
business on (i) the business day immediately preceding such Floating Rate Interest Payment Date so long as all of the Floating Rate
Notes remain in book-entry only form or (ii) the fifteenth calendar day immediately preceding such Floating Rate Interest Payment
Date if any of the Floating Rate Notes do not remain in book-entry only form. Interest on the Floating Rate Notes will accrue from
and including August 13, 2021 to, but excluding, the first Floating Rate Interest Payment Date. Starting on the first Floating Rate
Interest Payment Date, interest on the Floating Rate Notes will accrue from and including the last Floating Rate Interest Payment
Date to which the Company has paid, or duly provided for the payment of, interest on the Floating Rate Notes to, but excluding, the
next succeeding Floating Rate Interest Payment Date. No interest will accrue on the Floating Rate Notes for the day that the
Floating Rate Notes mature. The amount of interest payable for any interest period will be computed on the basis of a 360-day year
and the actual number of days in the interest period.

 

    A-1

     

    

 

If any Floating Rate Interest
Payment Date falls on a day that is not a business day, the Company will make the interest payment on the next succeeding business day
unless that business day is in the next succeeding calendar month, in which case (other than in the case of the maturity date) the Company
will make the interest payment on the immediately preceding business day. If an interest payment is made on the next succeeding business
day, no interest will accrue as a result of the delay in payment. If the maturity date of the Floating Rate Notes falls on a day that
is not a business day, the payment due on such date will be postponed to the next succeeding business day, and no further interest will
accrue in respect of such postponement.

 

On each Interest Payment Determination
Date relating to the applicable Floating Rate Interest Payment Date, the Calculation Agent will calculate the amount of accrued interest
payable on the Floating Rate Notes by multiplying (i) the outstanding principal amount of the Floating Rate Notes by (ii) the product
of (a) the interest rate for the relevant interest period multiplied by (b) the quotient of the actual number of calendar days in such
interest period divided by 360. In no event will the interest rate on the Floating Rate Notes be less than zero.

 

Notwithstanding anything to the contrary in any
transaction documents relating to the Floating Rate Notes, if the Company (or its Designee) determines on or prior to the relevant Reference
Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to determining Compounded
SOFR, then the benchmark replacement provisions set forth below under “Effect of Benchmark Transition Event” will thereafter
apply to all determinations of the rate of interest payable on the Floating Rate Notes.

 

For the avoidance of doubt, in accordance with
the benchmark replacement provisions, after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the
interest rate for each interest period on the Floating Rate Notes will be an annual rate equal to the sum of the Benchmark Replacement
and the Margin.

 

Absent wilful misconduct,
bad faith or manifest error, the calculation of the applicable interest rate for each interest period by the Calculation Agent, or in
certain circumstances, by the Company (or its Designee) will be final and binding on the Company, the Trustee, and the Holders of the
Floating Rate Notes.

 

None of the Trustee,
paying agent, registrar or Calculation Agent shall be under any obligation (i) to monitor, determine or verify the unavailability or
cessation of SOFR or the SOFR Index, or whether or when there has occurred, or to give notice to any other transaction party of the
occurrence of, any Benchmark Transition Event or related Benchmark Replacement Date, (ii) to select, determine or designate any
Benchmark Replacement, or other successor or replacement benchmark index, or whether any conditions to the designation of such a
rate or index have been satisfied, (iii) to select, determine or designate any Benchmark Replacement Adjustment, or other modifier
to any replacement or successor index, or the business day convention, interest determination dates or any other relevant
methodology for calculating any such substitute or successor benchmark, or (iv) to determine whether or what Benchmark Replacement
Conforming Changes are necessary or advisable, if any, in connection with any of the foregoing. In connection with the foregoing,
the Calculation Agent will be entitled to conclusively rely on any determinations made by the Company (or its Designee) and will
have no liability for such actions taken at the direction of the Company (or its Designee).

 

    A-2

     

    

 

None of the Trustee, Paying
Agent, Security Registrar or Calculation Agent shall be liable for any inability, failure or delay on its part to perform any of its duties
described in the Indenture as a result of the unavailability of SOFR, the SOFR Index or other applicable Benchmark Replacement, including
as a result of any failure, inability, delay, error or inaccuracy on the part of any other transaction party in providing any direction,
instruction, notice or information contemplated by the Indenture and reasonably required for the performance of such duties.

 

(b)       SOFR
Index Unavailable Provisions. If a SOFR IndexStart or SOFR IndexEnd is not published on the associated Interest Payment Determination
Date and a Benchmark Transition Event and its related Benchmark Replacement Date have not occurred with respect to SOFR, “Compounded
SOFR” means, for the applicable interest period for which such index is not available, the rate of return on a daily compounded
interest investment calculated in accordance with the formula for SOFR Averages, and definitions required for such formula, published
on the SOFR Administrator’s Website, initially located at https://www.newyorkfed.org/markets/treasury-repo-reference-rates-information.
For the purposes of this Section 310(c), references in the SOFR Averages compounding formula and related definitions to “calculation
period” shall be replaced with “Observation Period” and the words “that is, 30-, 90-, or 180- calendar days”
shall be removed. If SOFR does not so appear for any day, “i” in the Observation Period, SOFRi for such day “i”
shall be SOFR published in respect of the first preceding U.S. Government Securities Business Day for which SOFR was published on the
SOFR Administrator’s Website.

 

(c)       Effect
of Benchmark Transition Event.

 

		(i)	Benchmark Replacement. If the Company (or its Designee) determines that a Benchmark Transition Event and its related Benchmark
Replacement Date have occurred prior to the Reference Time in respect of any determination of the Benchmark on any date, the Benchmark
Replacement will replace the then-current Benchmark for all purposes relating to the Floating Rate Notes in respect of such determination
on such date and all determinations on all subsequent dates.

 

		(ii)	Benchmark Replacement Conforming Changes. In connection with the implementation of a Benchmark Replacement, the Company (or
its Designee) will have the right to make Benchmark Replacement
Conforming Changes from time to time.

 

    A-3

     

    

 

		(iii)	Decisions and Determinations. Any determination, decision or election that may be made by the Company (or its Designee) pursuant
to the benchmark replacement provision described in this subsection “Effect of Benchmark Transition Event,” including any
determination with respect to tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any
decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, will be made
in the Company (or its Designee’s) sole discretion, and, notwithstanding anything to the contrary in any transaction documents relating
to the Floating Rate Notes, shall become effective without consent from the holders of the Floating Rate Notes or any other party.”

 

For purposes of this Security,
except as otherwise expressly provided or unless the context otherwise requires, the following terms have the following meanings:

 

“Benchmark” means, initially,
Compounded SOFR, as such term is defined herein; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date
have occurred with respect to Compounded SOFR (or the published SOFR Index used in the calculation thereof) or the then-current Benchmark,
then “Benchmark” means the applicable Benchmark Replacement.

 

“Benchmark Replacement”
means the first alternative set forth in the order below that can be determined by the Company (or its Designee) as of the Benchmark Replacement
Date:

 

(1) the sum of: (a) the alternate
rate of interest that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark
and (b) the Benchmark Replacement Adjustment;

 

(2) the sum of: (a) the ISDA
Fallback Rate and (b) the Benchmark Replacement Adjustment; and

 

(3) the sum of: (a) the alternate
rate of interest that has been selected by the Company (or its Designee) as the replacement for the then-current Benchmark giving due
consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar denominated Floating
Rate Notes at such time and (b) the Benchmark Replacement Adjustment.

 

“Benchmark Replacement Adjustment”
means the first alternative set forth in the order below that can be determined by the Company (or its Designee) as of the Benchmark Replacement
Date:

 

		(1)	the spread adjustment, or method for calculating or determining such spread adjustment, (which may be positive or negative value or
zero) that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted
Benchmark Replacement;

 

    A-4

     

    

 

		(2)	if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, then the ISDA Fallback Adjustment; and

 

(3)   the
spread adjustment (which may be a positive or negative value or zero) that has been selected by the Company (or its Designee) giving due
consideration to any industry-accepted spread adjustment, or method for calculating or determining such spread adjustment, for the replacement
of the then-current Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar denominated Floating Rate Notes at
such time.

 

The Benchmark Replacement
Adjustment shall not include the Margin and the Margin shall be applied to the Benchmark Replacement to determine the interest payable
on the Floating Rate Notes.

 

“Benchmark Replacement
Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including
changes to the definition or interpretation of “interest period”, timing and frequency of determining rates and making payments
of interest, rounding of amounts or tenor, and other administrative matters), or any other changes to any other terms or provisions of
the Floating Rate Notes, in each case that the Company (or its Designee) decides may be appropriate to reflect the adoption of such Benchmark
Replacement in a manner substantially consistent with market practice (or, if the Company (or its Designee) decides that adoption of any
portion of such market practice is not administratively feasible or if the Company (or its Designee) determines that no market practice
for use of the Benchmark Replacement exists, in such other manner as the Company (or its Designee) determines is reasonably necessary
or practicable).

 

“Benchmark Replacement Date”
means the earliest to occur of the following events with respect to the then-current Benchmark:

 

		(1)	in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public
statement or publication of information referenced therein and (b) the date on which the administrator of the Benchmark permanently or
indefinitely ceases to provide the Benchmark; or

 

		(2)	in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication
of information referenced therein.

 

For the avoidance of doubt, if the event giving
rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination,
the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination.

 

    A-5

     

    

 

“Benchmark Transition Event”
means the occurrence of one or more of the following events with respect to the then-current Benchmark (including the daily published
component used in the calculation thereof):

 

		(1)	a public statement or publication of information by or on behalf of the administrator of the Benchmark (or such component) announcing
that such administrator has ceased or will cease to provide the Benchmark (or such component), permanently or indefinitely, provided that,
at the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark (or such
component);

 

		(2)	a public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark (or such component),
the central bank for the currency of the Benchmark (or such component), an insolvency official with jurisdiction over the administrator
for the Benchmark (or such component), a resolution authority with jurisdiction over the administrator for the Benchmark (or such component)
or a court or an entity with similar insolvency or resolution authority over the administrator for the Benchmark (or such component),
which states that the administrator of the Benchmark (or such component) has ceased or will cease to provide the Benchmark (or such component)
permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will
continue to provide the Benchmark (or such component); or 

 

		(3)	a public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark announcing that
the Benchmark is no longer representative.

 

“Calculation Agent” means a
banking institution or trust company appointed by the Company to act as calculation agent, initially The Bank of New York Mellon Trust
Company, N.A.

 

“Compounded SOFR” will be determined
by the Calculation Agent in accordance with the following formula (and the resulting percentage will be rounded, if necessary, to the
nearest one hundred-thousandth of a percentage point):

 

 

where:

 

“SOFR IndexStart” = For periods other than the
initial interest period, the SOFR Index value on the preceding Interest Payment Determination Date, and, for the initial interest period,
the SOFR Index value two U.S. Government Securities Business Days before the date of original issuance;

 

    A-6

     

    

 

“SOFR IndexEnd” = The SOFR Index value on the
Interest Payment Determination Date relating to the applicable Floating Rate Interest Payment Date (or, in the final interest period,
relating to the maturity date); and

 

“dc” is the number of calendar
days in the relevant Observation Period.

 

“Interest Payment Determination Date”
means the date that is two U.S. Government Securities Business Days before each Floating Rate Interest Payment Date.

 

“interest period” means (i)
the period commencing on any Floating Rate Interest Payment Date (or, with respect to the initial interest period only, commencing on
the date of original issuance) to, but excluding, the next succeeding Floating Rate Interest Payment Date or, (ii) in the case of the
last such period, the period from and including the Floating Rate Interest Payment Date immediately preceding the maturity date to, but
excluding, the maturity date

 

“ISDA Definitions” means the
2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented
from time to time, or any successor definitional booklet for interest rate derivatives published from time to time.

 

“ISDA Fallback Adjustment” means
the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the
ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark.

 

“ISDA Fallback Rate” means the
rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation
date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

 

“Observation Period” means,
in respect of each interest period, the period from, and including, the date that is two U.S. Government Securities Business Days preceding
the first date in such interest period to, but excluding, the date that is two U.S. Government Securities Business Days preceding the
Floating Rate Interest Payment Date for such interest period (or in the final interest period, preceding the maturity date).

 

“Reference Time” with respect
to any determination of the Benchmark means (1) if the Benchmark is Compounded SOFR, the SOFR Index Determination Time, as such time is
defined above, and (2) if the Benchmark is not Compounded SOFR, the time determined by the Company (or its Designee) in accordance with
the Benchmark Replacement Conforming Changes.

 

“Relevant Governmental Body”
means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal
Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.

 

    A-7

     

    

 

“SOFR” means the daily secured
overnight financing rate as provided by the SOFR Administrator on the SOFR Administrator’s Website.

 

“SOFR Administrator” means the Federal
Reserve Bank of New York (or a successor administrator of SOFR).

 

“SOFR Administrator’s Website” means
the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor source.

 

“SOFR Index” means, with respect to any
U.S. Government Securities Business Day:

 

		(1)	the SOFR Index value as published by the SOFR Administrator as such index appears on the SOFR Administrator’s Website at 3:00
p.m. (New York time) on such U.S.

 

		(2)	Government Securities Business Day (the “SOFR Index Determination Time”); provided that:

 

		(3)	if a SOFR Index value does not so appear as specified in (1) above at the SOFR Index Determination Time, then: (i) if a Benchmark
Transition Event and its related Benchmark Replacement Date have not occurred with respect to SOFR, then Compounded SOFR shall be the
rate determined pursuant to the “SOFR Index Unavailable Provisions” described below; or (ii) if a Benchmark Transition Event
and its related Benchmark Replacement Date have occurred with respect to SOFR, then Compounded SOFR shall be the rate determined pursuant
to the “Effect of Benchmark Transition Event” provisions described below.

 

“Unadjusted Benchmark Replacement”
means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

 

“U.S. Government Securities Business Day”
means any day except for a Saturday, a Sunday or a day on which the Securities Industry and Financial Markets Association recommends that
the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities.

 

Payment of the principal of
(and premium, if any) and any interest on this Security will be made at the office or agency of the Company maintained for that purpose
at the Corporate Trust Office of the Trustee in Pittsburgh, Pennsylvania, in such coin or currency of the United States of America as
at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment
of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register.

 

This Security has
initially been issued in the form of a Global Security, and the Company has initially designated The Depository Trust Company, New
York, New York (the “Depositary,” which term shall include any successor depositary), as the Depositary for this
Security. For as long as this Security or any portion hereof is issued in such form, and notwithstanding the previous paragraph, all
payments of interest, principal and other amounts in respect of this Security or portion thereof shall be made to the Depositary or
its nominee in accordance with its applicable policies and procedures, in the coin or currency specified above and as further
provided on the reverse hereof.

 

    A-8

     

    

 

Reference is hereby made to
the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same
effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on
the reverse hereof by manual or electronic signature, this Security shall not be entitled to any benefit under the Indenture or be valid
or obligatory for any purpose.

 

    A-9

     

    

 

Form of Reverse of Global Security]

 

EVERSOURCE ENERGY

 

SENIOR NOTES, SERIES
T, DUE 2023

 

This Security is one of a
duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one
or more series under an Indenture, dated as of April 1, 2002, as amended and supplemented from time to time and as supplemented by the
Fifteenth Supplemental Indenture dated as of August 1, 2021 (herein called the “Indenture,” which term shall have the
meaning assigned to it in such instrument), between the Company and The Bank of New York Mellon Trust Company, N.A., formerly known as
The Bank of New York Trust Company, N.A. (as successor trustee to The Bank of New York), as Trustee (herein called the “Trustee,”
which term includes any successor trustee under Indenture), as to which Indenture and all indentures supplemental thereto reference is
hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee
and the Holders and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the
series designated on the face hereof, initially limited in aggregate principal amount to $350,000,000. The provisions of this Security,
together with the provisions of the Indenture, shall govern the rights, obligations, duties and immunities of the Holder, the Company
and the Trustee with respect to this Security, provided that, if any provision of this Security conflicts with any provision of the Indenture,
the provision of this Security shall be controlling to the fullest extent permitted under the Indenture.

 

The Securities of this series
are not subject to redemption prior to their maturity.

 

The Securities of this series
will not be subject to any sinking fund.

 

If an Event of Default with
respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due
and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the
rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with
the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of all series to be affected (voting
as one class). The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities
of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company
with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver
by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent
or waiver is made upon this Security.

 

No reference herein to
the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and any premium and interest on this Security at the time, place and rate, and
in the coin or currency, herein prescribed.

 

    A-10

     

    

 

This Security shall be exchangeable
for Securities registered in the names of Persons other than the Depositary with respect to such series or its nominee only as provided
in this paragraph. This Security shall be so exchangeable if (x) the Depositary notifies the Company that it is unwilling or unable to
continue as Depositary for such series or at any time ceases to be a clearing agency registered as such under the Securities Exchange
Act of 1934, (y) the Company executes and delivers to the Trustee an Officers’ Certificate providing that this Security shall be
so exchangeable or (z) there shall have occurred and be continuing an Event of Default with respect to the Securities of the series of
which this Security is a part. Securities so issued in exchange for this Security shall be of the same series, having the same interest
rate, if any, and maturity and having the same terms as this Security, in authorized denominations and in the aggregate having the same
principal amount as this Security and registered in such names as the Depositary for such Global Security shall direct.

 

As provided in the Indenture
and subject to certain limitations therein set forth, the transfer of a Security of the series of which this Security is a part is registrable
in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place
where the principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized
in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or transferees.

 

The Securities of the series
of which this Security is a part are issuable only in registered form without coupons in minimum denominations of $2,000 and integral
multiples of $1,000 thereafter. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this
series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same.

 

No service charge shall be
made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.

 

Prior to due presentment of
this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person
in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the
Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 

For so long as this Security
is issued in the form of a Global Security, neither the Company nor the Trustee will have any responsibility with respect to the policies
and procedures of the Depositary or for any notices or other communications among the Depositary, its direct and indirect participants
or the beneficial owners of this Security.

 

Neither the failure to
give any notice nor any defect in any notice given to the Holder of this Security or any other Security of this series will affect
the sufficiency of any notice given to any other Holder of any Securities of this series.

 

    A-11

     

    

 

The Indenture provides that
the Company, at its option (a) will be discharged from any and all obligations in respect of the Securities (except for certain obligations
to register the transfer or exchange of Securities, replace stolen, lost or mutilated Securities, maintain paying agencies and hold moneys
for payment in trust) or (b) need not comply with certain restrictive covenants of the Indenture, in each case if the Company deposits,
in trust, with the Trustee money or U.S. Government Obligations which, through the payment of interest thereon and principal thereof in
accordance with their terms, will provide money, in an amount sufficient to pay all the principal of and premium, if any and interest,
if any, on the Securities on the dates such payments are due in accordance with the terms of such Securities, and certain other conditions
are satisfied.

 

No recourse shall be had for
the payment of the principal of or the interest on this Security, or for any claim based hereon, or otherwise in respect hereof, or based
on or in respect of the Indenture or any indenture supplemental thereto, against any trustee, incorporator, stockholder, officer or director,
as such, past, present or future, of the Company or any successor corporation, either directly or through the Company or any 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, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released.

 

The Declaration of Trust of
the Company provides that no shareholder of the Company shall be held to any liability whatsoever for the payment of any sum of money,
or for damages or otherwise under any contract, obligation or undertaking made, entered into or issued by the trustees of the Company
or by any officer, agent or representative elected or appointed by the trustees and no such contract, obligation or undertaking shall
be enforceable against the trustees or any of them in their or his individual capacities or capacity and all such contracts, obligations
and undertakings shall be enforceable only against the trustees as such, and every person, firm, association, trust and corporation having
any claim or demand arising out of any such contract, obligation or undertaking shall look only to the trust estate for the payment or
satisfaction thereof.

 

This Security shall be governed
by and construed in accordance with the laws of the State of New York.

 

All terms used in this Security
not defined herein which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 

[The remainder of this page left blank intentionally.]

 

    A-12

     

    

 

IN WITNESS WHEREOF, Eversource
Energy has caused this instrument to be duly executed.

 

	EVERSOURCE ENERGY	 
	 	 
	By:	 	 
	 	Emilie G. O’Neil	 
	 	Assistant Treasurer	 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities
of the series designated therein referred to in the within mentioned Indenture.

 

Dated: August ___, 2021

 

	THE BANK OF NEW YORK MELLON TRUST
    COMPANY, N.A.,	 
	as Trustee	 
	 	 
	By:	 	 
	 	Authorized Signatory	 

 

    A-13

     

    

 

EXHIBIT B

 

[Form of Face of Global Security]

 

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 OF A DEPOSITARY.
THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE DEPOSITARY
TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED
EXCEPT IN LIMITED CIRCUMSTANCES.

 

Unless this certificate is
presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to Eversource
Energy or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede &
Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such
other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

 

EVERSOURCE ENERGY

 

SENIOR NOTES, SERIES
U, DUE 2026

 

	CUSIP NO. 30040W AN8	$300,000,000

 

No. 1

 

EVERSOURCE ENERGY, a voluntary
association duly organized and existing under the laws of the Commonwealth of Massachusetts (the “Company”, which term
includes any successor entity under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co.,
or registered assigns, the principal sum of Three Hundred Million Dollars ($300,000,000) on August 15, 2026 (the “Final Maturity”),
and to pay interest thereon from August 13, 2021 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2021, at the rate of 1.40%
per annum, until the principal hereof is paid or made available for payment and, subject to the terms of the Indenture, at the same rate
on any overdue principal and premium and (to the extent that the payment of such interest shall be legally enforceable) on any overdue
installment of interest.

 

The amount of interest
payable for any period other than a complete interest payment period will be computed on the basis of a 360-day year consisting of
twelve thirty day months and, for any period shorter than a full month, on the basis of the actual number of days elapsed in such
period. In any case where any Interest Payment Date, the Stated Maturity or Redemption Date is not a Business Day, then payment of
principal and interest, if any, or principal and premium, if any, payable on such date will be made on the next succeeding day which
is a Business Day (and without any interest or other payment in respect of any such delay), in each case with the same force and
effect as if made on such date. A “Business Day” shall mean any day, except a Saturday, a Sunday or a legal
holiday in New York, New York or in Pittsburgh, Pennsylvania on which banking institutions are authorized or required by law,
regulation or executive order to close.

 

    B-1

     

    

 

The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose
name this Security is registered at the close of business on the Regular Record Date for such interest, which shall be (1) the Business
Day next preceding such Interest Payment Date if this Security remains in book-entry only form or (2) the 15th calendar day (whether or
not a Business Day) next preceding such Interest Payment Date if this Security does not remain in book-entry only form. Any such interest
not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such date and may either be paid to the
Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest
to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such
Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange
on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided
in said Indenture.

 

Payment of the principal of
(and premium, if any) and any interest on this Security will be made at the office or agency of the Company maintained for that purpose
at the Corporate Trust Office of the Trustee in Pittsburgh, Pennsylvania, in such coin or currency of the United States of America as
at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment
of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register.

 

This Security has initially
been issued in the form of a Global Security, and the Company has initially designated The Depository Trust Company, New York, New York
(the “Depositary,” which term shall include any successor depositary), as the Depositary for this Security. For as
long as this Security or any portion hereof is issued in such form, and notwithstanding the previous paragraph, all payments of interest,
principal and other amounts in respect of this Security or portion thereof shall be made to the Depositary or its nominee in accordance
with its applicable policies and procedures, in the coin or currency specified above and as further provided on the reverse hereof.

 

Reference is hereby made to
the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same
effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on
the reverse hereof by manual or electronic signature, this Security shall not be entitled to any benefit under the Indenture or be valid
or obligatory for any purpose.

 

    B-2

     

    

 

Form of Reverse of Global Security]

 

EVERSOURCE ENERGY

 

SENIOR NOTES, SERIES
U, DUE 2026

 

This Security is one of a
duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one
or more series under an Indenture, dated as of April 1, 2002, as amended and supplemented from time to time and as supplemented by the
Fifteenth Supplemental Indenture dated as of August 1, 2021 (herein called the “Indenture,” which term shall have the
meaning assigned to it in such instrument), between the Company and The Bank of New York Mellon Trust Company, N.A., formerly known as
The Bank of New York Trust Company, N.A. (as successor trustee to The Bank of New York), as Trustee (herein called the “Trustee,”
which term includes any successor trustee under Indenture), as to which Indenture and all indentures supplemental thereto reference is
hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee
and the Holders and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the
series designated on the face hereof, initially limited in aggregate principal amount to $300,000,000. The provisions of this Security,
together with the provisions of the Indenture, shall govern the rights, obligations, duties and immunities of the Holder, the Company
and the Trustee with respect to this Security, provided that, if any provision of this Security conflicts with any provision of the Indenture,
the provision of this Security shall be controlling to the fullest extent permitted under the Indenture.

 

The Securities of this series
are subject to redemption upon not less than thirty (30) or more than sixty (60) days’ notice by mail to the Holders of such securities
at their addresses in the Security Register, at the option of the Company, in whole or in part, from time to time. If the Company elects
to redeem the Securities, it will do so at a Redemption Price set forth in Section 502 of the Fifteenth Supplemental Indenture between
the Company and the Trustee, dated August 1, 2021, which established the terms of the Securities.

 

Except as otherwise provided
in the Indenture, if notice has been given as provided in the Indenture and funds for the redemption of any Securities (or any portion
thereof) called for redemption shall have been made available on the Redemption Date referred to in such notice, such Securities (or any
portion thereof) will cease to bear interest on the date fixed for such redemption specified in such notice and the only right of the
Holders of such Securities will be to receive payment of the Redemption Price.

 

In the event of redemption
of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be
issued in the name of the Holder hereof upon the cancellation hereof.

 

The Securities of this series
will not be subject to any sinking fund.

 

If an Event of Default with
respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due
and payable in the manner and with the effect provided in the Indenture.

 

    B-3

     

    

 

The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the
rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with
the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of all series to be affected (voting
as one class). The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities
of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company
with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver
by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent
or waiver is made upon this Security.

 

No reference herein to the
Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute
and unconditional, to pay the principal of and any premium and interest on this Security at the time, place and rate, and in the coin
or currency, herein prescribed.

 

This Security shall be exchangeable
for Securities registered in the names of Persons other than the Depositary with respect to such series or its nominee only as provided
in this paragraph. This Security shall be so exchangeable if (x) the Depositary notifies the Company that it is unwilling or unable to
continue as Depositary for such series or at any time ceases to be a clearing agency registered as such under the Securities Exchange
Act of 1934, (y) the Company executes and delivers to the Trustee an Officers’ Certificate providing that this Security shall be
so exchangeable or (z) there shall have occurred and be continuing an Event of Default with respect to the Securities of the series of
which this Security is a part. Securities so issued in exchange for this Security shall be of the same series, having the same interest
rate, if any, and maturity and having the same terms as this Security, in authorized denominations and in the aggregate having the same
principal amount as this Security and registered in such names as the Depositary for such Global Security shall direct.

 

As provided in the Indenture
and subject to certain limitations therein set forth, the transfer of a Security of the series of which this Security is a part is registrable
in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place
where the principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized
in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or transferees.

 

The Securities of the series
of which this Security is a part are issuable only in registered form without coupons in minimum denominations of $2,000 and integral
multiples of $1,000 thereafter. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this
series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same.

 

    B-4

     

    

 

No service charge shall be
made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.

 

Prior to due presentment of
this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person
in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the
Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 

For so long as this Security
is issued in the form of a Global Security, neither the Company nor the Trustee will have any responsibility with respect to the policies
and procedures of the Depositary or for any notices or other communications among the Depositary, its direct and indirect participants
or the beneficial owners of this Security.

 

Neither the failure to give
any notice nor any defect in any notice given to the Holder of this Security or any other Security of this series will affect the sufficiency
of any notice given to any other Holder of any Securities of this series.

 

The Indenture provides that
the Company, at its option (a) will be discharged from any and all obligations in respect of the Securities (except for certain obligations
to register the transfer or exchange of Securities, replace stolen, lost or mutilated Securities, maintain paying agencies and hold moneys
for payment in trust) or (b) need not comply with certain restrictive covenants of the Indenture, in each case if the Company deposits,
in trust, with the Trustee money or U.S. Government Obligations which, through the payment of interest thereon and principal thereof in
accordance with their terms, will provide money, in an amount sufficient to pay all the principal of and premium, if any and interest,
if any, on the Securities on the dates such payments are due in accordance with the terms of such Securities, and certain other conditions
are satisfied.

 

No recourse shall be had for
the payment of the principal of or the interest on this Security, or for any claim based hereon, or otherwise in respect hereof, or based
on or in respect of the Indenture or any indenture supplemental thereto, against any trustee, incorporator, stockholder, officer or director,
as such, past, present or future, of the Company or any successor corporation, either directly or through the Company or any 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, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released.

 

The Declaration of Trust of
the Company provides that no shareholder of the Company shall be held to any liability whatsoever for the payment of any sum of money,
or for damages or otherwise under any contract, obligation or undertaking made, entered into or issued by the trustees of the Company
or by any officer, agent or representative elected or appointed by the trustees and no such contract, obligation or undertaking shall
be enforceable against the trustees or any of them in their or his individual capacities or capacity and all such contracts, obligations
and undertakings shall be enforceable only against the trustees as such, and every person, firm, association, trust and corporation having
any claim or demand arising out of any such contract, obligation or undertaking shall look only to the trust estate for the payment or
satisfaction thereof.

 

    B-5

     

    

 

This Security shall be governed
by and construed in accordance with the laws of the State of New York.

 

All terms used in this Security
not defined herein which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 

[The remainder of this page left blank intentionally.]

 

    B-6

     

    

 

IN WITNESS WHEREOF, Eversource
Energy has caused this instrument to be duly executed.

 

	EVERSOURCE ENERGY	 
	 	 
	By:	 	 
	 	Emilie G. O’Neil	 
	 	Assistant Treasurer	 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities
of the series designated therein referred to in the within mentioned Indenture.

 

Dated: August ___, 2021

 

	THE BANK OF NEW YORK MELLON TRUST
    COMPANY, N.A.,	 
	as Trustee	 
	 	 
	By:	 	 
	 	Authorized Signatory	 

 

    B-7slgd-ex101_148.htm

Exhibit 10.1

THIRD AMENDMENT TO 
LOAN AND SECURITY AGREEMENT

THIS THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) dated as of August 13, 2021, is entered into by umb bank, n.a. (together with its successors and assigns, “Lender”), SCOTT’S LIQUID GOLD-INC., a Colorado corporation (“SLG”), SLG CHEMICALS, INC., a Colorado corporation (“Chemicals”), and NEOTERIC COSMETICS, INC., a Colorado corporation (“NC”, and together with SLG and Chemicals, collectively, “Borrowers” and each, a “Borrower”) and each of the undersigned guarantors (collectively “Guarantors” and together with Borrowers, “Obligors”), with reference to the following facts:

RECITALS

	
A.
	
Lender and Borrowers are parties to a Loan and Security Agreement dated as of July 1, 2020, as amended by the First Amendment to the Loan and Security Agreement dated as of March 26, 2021, and as amended by the Second Amendment to Loan and Security Agreement dated as of June 25, 2021 (as may be further amended, supplemented, replaced, restated or otherwise modified, the “Loan Agreement”), pursuant to which Lender has provided certain credit facilities to Borrowers.

	
B.
	
Borrowers have requested that Lender make certain modifications to the Loan Agreement. 

	
C. 
	
Lender is willing to provide such accommodations to the Borrowers on the terms and conditions set forth below.

NOW, THEREFORE, the parties hereby agree as follows:

	
1.
	
Defined Terms.  Any and all initially capitalized terms used in this Amendment (including, without limitation, in the Recitals to this Amendment) without definition shall have the respective meanings assigned thereto in the Loan Agreement.  

	
2.
	
Tangible Net Worth.  Effective as of May 1, 2021, Section 9.1 of the Loan Agreement is hereby amended to read in full as follows:

““Section 9.1Financial Covenants.

(a)Minimum Tangible Net Worth.  Tangible Net Worth as of the last day of each month, shall not be less than the Tangible Net Worth Requirement.  As used herein:

(i)‘Tangible Net Worth Requirement’ means as the Tangible Net Worth of Borrowers on December 31, 2021, determined as of the first Determination Date following December 31, 2021, which Tangible Net Worth Requirement shall be increased (but not decreased) on each Determination Date thereafter by an amount equal to 25% of positive Net Income for the fiscal year immediately preceding such Determination Date, based on the audited financial statements required by Section 8.1(a) with respect to the fiscal year ending prior to such Determination Date.

(ii)‘Determination Date’ means the date that Borrowers are required to deliver audited financial statements as set forth in Section 8.1(a).

1

 

(b)Minimum Fixed Charge Coverage Ratio.  Commencing with the month ended July 31, 2022, Borrowers’ Fixed Charge Coverage Ratio as of each month-end shall not be less than 1.20 to 1.00.  Borrowers’ Fixed Charge Coverage Ratio shall be measured on a trailing twelve month basis.

(c)Minimum Monthly Cash Flow After Debt Service.  Borrowers’ monthly Cash Flow After Debt Service, for each Test Period below, shall not be less than the amount opposite such Test Period through June 30, 2022:

		
	
Test Period
	
Cumulative Cash Flow After Debt Service

	
May 1, 2021 through May 31, 2021
	
-$280,000

	
June 1, 2021 through June 30, 2021
	
-$150,000

	
July 1, 2021 through July 31, 2021
	
-$526,000

	
August 1, 2021 through August 31, 2021
	
$93,000

	
September 1, 2021 through September 30, 2021 
	
$136,000

	
October 1, 2021 through October 31, 2021
	
$70,000

	
November 1, 2021 through November 30, 2021
	
-$278,000

	
December 1, 2021 through December 31, 2021
	
$154,000

	
January 1, 2022 through January 31, 2022
	
$80,000

	
February 1, 2022 through February 29, 2022
	
$83,000

	
March 1, 2022 through March 31, 2022
	
$85,000

	
April 1, 2022 through April 30, 2022
	
$86,000

	
May 1, 2022 through May 31, 2022
	
$117,000

	
June 1, 2022 through June 30, 2022
	
$118,000”

 

2

 

 

	
3.
	
Intellectual Property Appraisal.  Each Obligor will take commercially reasonable steps to cause an intellectual property appraisal to be conducted by a third-party appraiser acceptable to Lender, with a delivery date of not later than 60 days after the date of this Amendment. 

	
4.
	
Modification Fee.  In consideration for the accommodations provided herein, Obligors shall pay to Lender a modification fee in the amount of $50,000.00, which fee shall be fully earned on the date hereof but which shall be paid as follows: (a) $10,000.00 on August 31, 2021, (b) $10,000.00 on September 30, 2021, (c) $10,000.00 on October 31, 2021, (d) $10,000.00 on November 30, 2021, (e) $10,000.00 on December 31, 2021.

	
5.
	
Acknowledgments.  Each Obligor acknowledges and agrees that:

	
 
	
(a)
	
Lender has a valid, perfected and first priority security interest and lien upon all of the Collateral to secure the Obligations;

	
 
	
(b)
	
Each of the Loan Documents is in full force and effect, and is enforceable against such Obligor and the Collateral in accordance with its respective terms; and 

	
 
	
(c)
	
Such Obligor has no defenses, offsets, recoupments or counterclaims to: (i) its obligation to pay all amounts from time to time owing and to perform all obligations required to be performed under the Loan Documents, (ii) enforcement of Lender’s rights in and to the Collateral, or (iii) enforcement of any other of Lender’s rights or remedies. 

6.Representations and Warranties.  Each Obligor represents and warrants to Lender that:

	
 
	
(a)
	
Upon the effectiveness of this Amendment, there exists no Default or Event of Default, or any other condition or occurrence of events that constitutes or with the passage of time or the giving of notice or both, would constitute a Default or Event of Default, under the Loan Agreement or any other Loan Document.

	
 
	
(b)
	
Each Obligor executing and delivering this Amendment, has been duly authorized to execute and deliver this Amendment by all necessary corporate action on the part of such Obligor.

	
 
	
(c)
	
All representations and warranties of the Obligors contained in the Loan Documents, except for those that speak as of a particular date, are and remain true and correct in all material respects as of the date of this Amendment. 

	
7.
	
Conditions Precedent.  The effectiveness of this Amendment shall be subject to the prior satisfaction of each of the following conditions:

	
 
	
(a)
	
This Amendment.  Lender shall have received this Amendment duly executed by an authorized officer of Borrowers and Guarantors; and

	
 
	
(b)
	
Officers Certificate.  Lender shall have received a duly executed Officer’s Certificate in form acceptable to Lender. 

	
8.
	
Renewal and Extension of Security Interests and Liens.  Each Obligor hereby (a) renews and affirms the Liens created and granted in the Loan Documents, and (b) agrees that this Amendment shall in no manner affect or impair the Liens securing the Obligations, and that 

3

 

		
such Liens shall not in any manner be waived, the purposes of this Amendment being to modify the Loan Agreement as herein provided, and to carry forward all Liens securing the same, which are acknowledged by such Obligor to be valid and subsisting.

	
9.
	
Integration.  This Amendment, and the documents referred to herein constitute the entire agreement of the parties in connection with the subject matter hereof and cannot be changed or terminated orally.  All prior agreements, understandings, representations, warranties and negotiations regarding the subject matter hereof, if any, are merged into this Amendment.

	
10.
	
Counterparts.  This Amendment may be executed in multiple counterparts, each of which when so executed and delivered shall be deemed an original, and all of which, taken together, shall constitute but one and the same agreement.  The parties agree that the electronic signature of a party to this Amendment shall be as valid as an original manually executed signature of such party and shall be effective to bind such party to this Agreement.  

	
11.
	
Release.  Each of the Obligors (for purposes of this Section, each a “Releasing Party” and collectively, the “Releasing Parties”) releases, acquits and forever discharges Lender, UMB Financial Corporation and their respective past, present and future directors, officers, employees, agents, attorneys, affiliates, successors, administrators and assigns (collectively, the “Released Parties”) of and from any and all claims, actions, causes of action, demands, rights, damages, costs, loss of service, expenses and compensation whatsoever, heretofore or hereafter arising from any events or occurrences, or anything done, omitted to be done, or allowed to be done by any of the Released Parties on or before the date of execution of this Amendment, WHICH DO OR MAY EXIST, WHETHER KNOWN OR UNKNOWN, SUSPECTED OR UNSUSPECTED, FORESEEN OR UNFORESEEN (collectively, the “Released Matters”).  In furtherance of this general release, Releasing Parties each acknowledge and waive the benefits of California Civil Code Section 1542 (and all similar ordinances and statutory, regulatory, or judicially created laws or rules of any other jurisdiction), which provides:

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”

	
12.
	
Acknowledgment of Guarantor.  Each Guarantor hereby acknowledges and agrees to the terms and conditions of this Amendment, acknowledges and reaffirms its/his/her obligations owing to Lender under its/his/her Guaranty, and each other Loan Document to which such Guarantor is a party, and agrees that the Guaranty and other Loan Documents are and shall remain in full force and effect.  Although each Guarantor has been informed of the matters set forth herein and has acknowledged and agreed to the same, each Guarantor understands and acknowledges that Lender has no obligation to inform Guarantors of such matters in the future or to seek any Guarantor’s acknowledgement or agreement to future amendments, and nothing herein shall create such a duty.

	
13.
	
Costs and Expenses.  Borrowers agree to pay upon demand all of Lender’s expenses, including without limitation reasonable, reasonably documented attorneys’ fees, charges and disbursements of outside counsel for Lender, incurred in connection with the preparation, negotiation, review, analysis, administration, enforcement or modification of, and collection and other litigation relating to, or arising out of the Loan Agreement or any other Loan 

4

 

		
Document, or any amounts owing thereunder.  Lender may pay someone else to help collect such amounts and to enforce the Loan Agreement or any other Loan Document, and Borrowers will pay that amount.  This includes, subject to any limits under applicable law, reasonable, reasonably documented Lender’s attorneys’ fees and legal expenses, whether or not there is a lawsuit, including attorneys’ fees for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), foreclosure costs, appeals, and any anticipated post-judgment collection services.  Borrowers will pay any court costs, in addition to all other sums provided by law.

	
14.
	
Governing Law.  This Amendment, the interpretation and construction of this Amendment and any provision of this Amendment and of any issue relating to the transactions contemplated by this Amendment shall be governed by the laws of the State of CALIFORNIA, not including conflicts of law rules.  

	
15.
	
Waiver of Jury Trial.  To the fullest extent permitted by applicable law, the parties hereto each hereby waives the right to trial by jury in any action, suit, counterclaim, or proceeding arising out of or related to this Amendment.

	
16.
	
Further Assurances.  Borrowers agree to execute and deliver such other agreements, documents and instruments and take such other actions as Lender may reasonably request in connection with the transactions contemplated by this Amendment.

	
17.
	
ENTIRE AGREEMENT.  THIS AMENDMENT, THE LOAN AGREEMENT AND ALL OTHER LOAN DOCUMENTS EXECUTED AND DELIVERED IN CONNECTION WITH AND PURSUANT TO THIS AMENDMENT AND THE LOAN AGREEMENT REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

[Signature Page Follows]

5

 

 

IN WITNESS WHEREOF, Obligors and Lender have executed this Amendment by their respective duly authorized officers as of the date first above written.

	
 
	
LENDER: 

UMB BANK, N.A.

By:   /s/ John D. Watkins 

Name:  John D. Watkins
Title:    Senior Vice President

	
 
	
BORROWERS:

SCOTT’S LIQUID GOLD-INC.

By:   /s/ Kevin Paprzycki
Name:  Kevin Paprzycki
Title:  Co-President and Chief Financial Officer

	
 
	
SLG CHEMICALS, INC.

By:  /s/ Kevin Paprzycki
Name:  Kevin Paprzycki
Title:  Co-President and Chief Financial Officer

	
 
	
NEOTERIC COSMETICS, INC.

By:  /s/ Kevin Paprzycki
Name:  Kevin Paprzycki
Title:  Co-President and Chief Financial Officer

 

6

 

 

	
 
	
GUARANTORS:

SLG TOUCH-A-LITE, INC.

By:  /s/ Kevin Paprzycki
Name:  Kevin Paprzycki
Title:  Co-President and Chief Financial Officer

 

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}]]