Document:

Exhibit 4.2

      

       

      

      MORTGAGE

      

         

      NEW JERSEY NATURAL GAS COMPANY

       

         

      To

      

         

      U.S. BANK NATIONAL ASSOCIATION,

      As Trustee

       

      

      
        
 

       

      

      TENTH SUPPLEMENTAL INDENTURE

      

         

      Dated as of October 1, 2021

       

      

      
        
 

       

      

      Supplemental to Amended and Restated Indenture of Mortgage,

      Deed of Trust and Security Agreement Dated as of September 1, 2014,

      As Supplemented and Amended

      
        
 

       

      

      	Prepared by:  

            	Eric A. Koontz	Record and Return to:  

            	Richard Reich, Esq.
	 	
              Troutman Pepper Hamilton Sanders LLP

            	 	
              NJR Service Corporation

            
	 	
              600 Peachtree Street, NE, Suite 3000

            	 	
              1415 Wyckoff Road

            
	 	
              Atlanta, GA 30308

            	 	
              Wall, New Jersey 07719

            

      

         

      
        
          

      

      MORTGAGE

       

      TENTH SUPPLEMENTAL INDENTURE, dated as of October 1, 2021, between NEW JERSEY NATURAL GAS COMPANY, a corporation organized and existing under the
        laws of the State of New Jersey (hereinafter called the “Company”), having its principal office at 1415 Wyckoff Road, Wall, New Jersey, and U.S. BANK NATIONAL ASSOCIATION, a national banking association
        (hereinafter called the “Trustee”), having a principal office at 333 Thornall Street, 4th Floor, Edison, New Jersey 08837, as Trustee under the Amended and Restated Indenture of Mortgage, Deed of Trust and
        Security Agreement hereinafter mentioned.

       

      WHEREAS, the Company has heretofore executed and delivered to the Trustee its Amended and Restated Indenture of Mortgage, Deed of Trust and Security
        Agreement, dated as of September 1, 2014 (the “Amended and Restated Indenture” and, as originally executed or as the same may from time to time be supplemented, modified or amended by any supplemental
        indenture entered into pursuant to the provisions thereof, the “Indenture”), to secure the payment of the principal of and the interest and premium (if any) on all Bonds at any time issued and outstanding
        thereunder, and to declare the terms and conditions upon which Bonds are to be issued thereunder; and

       

      WHEREAS, the Amended and Restated Indenture completely restated and amended the Indenture of Mortgage and Deed of Trust, dated April 1, 1952, as
        heretofore supplemented and amended (the “Original Indenture”) without any interruption of the Lien of the Original Indenture; and

       

      WHEREAS, Bonds in the aggregate principal amount of $10,300,000, originally issued under and in accordance with the terms of the Original Indenture,
        as supplemented and amended, as a series designated “First Mortgage Bonds, Series II due 2023,” herein sometimes called “2023 Series II Bonds,” were designated as Existing Bonds in Section 3.01 of the
        Indenture, provided that such 2023 Series II Bonds have since been retired by the Company and replaced with the 2042 Series WW Bonds (as hereinafter defined); and

       

      WHEREAS, Bonds in the aggregate principal amount of $10,500,000, originally issued under and in accordance with the terms of the Original Indenture,
        as supplemented and amended, as a series designated “First Mortgage Bonds, Series JJ due 2024,” herein sometimes called “2024 Series JJ Bonds,” were designated as Existing Bonds in Section 3.02 of the
        Indenture, provided that such 2024 Series JJ Bonds have since been retired by the Company and replaced with the 2038 Series XX Bonds (as hereinafter defined); and

       

      WHEREAS, Bonds in the aggregate principal amount of $15,000,000, originally issued under and in accordance with the terms of the Original Indenture,
        as supplemented and amended, as a series designated “First Mortgage Bonds, Series KK due 2040,” herein sometimes called “2040 Series KK Bonds,” were designated as Existing Bonds in Section 3.03 of the
        Indenture, provided that such 2040 Series KK Bonds have since been retired by the Company and replaced with the 2059 Series YY Bonds (as hereinafter defined); and

       

        

      
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      WHEREAS, Bonds in the aggregate principal amount of $125,000,000, originally issued under and in accordance with the terms of the Original
        Indenture, as supplemented and amended, as a series designated “First Mortgage Bonds, Series LL due 2018,” herein sometimes called “2018 Series LL Bonds,” were designated as Existing Bonds in Section 3.04 of
        the Indenture, which 2018 Series LL Bonds have since been paid at maturity by the Company; and

       

      WHEREAS, Bonds in the aggregate principal amount of $9,545,000, originally issued under and in accordance with the terms of the Original Indenture,
        as supplemented and amended, as a series designated “First Mortgage Bonds, Series MM due 2027,” herein sometimes called “2027 Series MM Bonds,” were designated as Existing Bonds in Section 3.05 of the
        Indenture, provided that such 2027 Series MM Bonds have since been retired by the Company and replaced with the 2039 Series BBB Bonds (as hereinafter defined); and

       

      WHEREAS, Bonds in the aggregate principal amount of $41,000,000, originally issued under and in accordance with the terms of the Original Indenture,
        as supplemented and amended, as a series designated “First Mortgage Bonds, Series NN due 2035,” herein sometimes called “2035 Series NN Bonds,” were designated as Existing Bonds in Section 3.06 of the
        Indenture, provided that such 2035 Series NN Bonds have since been retired by the Company and replaced with the 2043 Series CCC Bonds (as hereinafter defined); and

       

      WHEREAS, Bonds in the aggregate principal amount of $46,500,000, originally issued under and in accordance with the terms of the Original Indenture,
        as supplemented and amended, as a series designated “First Mortgage Bonds, Series OO due 2041,” herein sometimes called “2041 Series OO Bonds,” have been designated as Existing Bonds in Section 3.07 of the
        Indenture and are outstanding at the date hereof and secured by the Indenture; and

       

      WHEREAS, Bonds in the aggregate principal amount of $50,000,000, originally issued under and in accordance with the terms of the Original Indenture,
        as supplemented and amended, as a series designated “First Mortgage Bonds, Series PP due 2028,” herein sometimes called “2028 Series PP Bonds,” have been designated as Existing Bonds in Section 3.08 of the
        Indenture and are outstanding at the date hereof and secured by the Indenture; and

       

      WHEREAS, Bonds in the aggregate principal amount of $70,000,000, originally issued under and in accordance with the terms of the Original Indenture,
        as supplemented and amended, as a series designated “First Mortgage Bonds, Series QQ due 2024,” herein sometimes called “2024 Series QQ Bonds,” have been designated as Existing Bonds in Section 3.09 of the
        Indenture and are outstanding at the date hereof and secured by the Indenture; and

       

      

      
        WHEREAS, Bonds in the aggregate principal amount of $55,000,000, originally issued under and in accordance with the terms of the Original
          Indenture, as supplemented and amended, as a series designated “First Mortgage Bonds, Series RR due 2044,” herein sometimes called “2044 Series RR Bonds,” have been designated as Existing Bonds in Section
          3.10 of the Indenture and are outstanding at the date hereof and secured by the Indenture; and

      

       

       

        

      
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      WHEREAS, the Amended and Restated Indenture provides that, subject to certain exceptions not presently relevant, such changes in or additions to the
        provisions of the Indenture (terms used herein having the meanings assigned thereto in the Amended and Restated Indenture except as herein expressly modified) may be made to add to the covenants and agreements of the Company in the Indenture
        contained other covenants and agreements thereafter to be observed by the Company; and to provide for the creation of any series of Bonds, designating the series to be created and specifying the form and provisions of the Bonds of such series as in
        the Indenture provided or permitted; and

       

      WHEREAS, the Indenture further provides that the Company and the Trustee may enter into indentures supplemental to the Indenture to assign, convey,
        mortgage, pledge, transfer and set over unto the Trustee and to subject to the lien of the Indenture additional property of the Company; and

       

      WHEREAS, pursuant to the Amended and Restated Indenture as amended by the First Supplemental Indenture, dated as of April 1, 2015, between the
        Company and the Trustee, the Company determined to amend certain provisions of the Amended and Restated Indenture and to create an eleventh and a twelfth series of Bonds under the Indenture, known as (i) “First Mortgage Bonds, Series SS due 2025,”
        herein sometimes called “2025 Series SS Bonds,” and (ii) “First Mortgage Bonds, Series TT due 2045,” herein sometimes called “2045 Series TT Bonds,” respectively; and

       

      WHEREAS, pursuant to the Amended and Restated Indenture as amended by the Second Supplemental Indenture, dated as of June 21, 2016, between the
        Company and the Trustee, the Company determined to amend certain provisions of the Amended and Restated Indenture and to create a thirteenth series of Bonds under the Indenture, known as “First Mortgage Bonds, Series UU due 2046,” herein sometimes
        called “2046 Series UU Bonds”; and

       

      WHEREAS, pursuant to the Amended and Restated Indenture as amended by the Third Supplemental Indenture, dated as of May 1, 2018, between the Company
        and the Trustee, the Company determined to amend certain provisions of the Amended and Restated Indenture and to create a fourteenth series of Bonds under the Indenture, known as “First Mortgage Bonds, Series VV due 2048,” herein sometimes called “2048 Series VV Bonds”; and

       

      WHEREAS, pursuant to the Amended and Restated Indenture as amended by the Fourth Supplemental Indenture, dated as of April 1, 2019, between the
        Company and the Trustee, the Company determined to amend certain provisions of the Amended and Restated Indenture and to create a fifteenth, a sixteenth and a seventeenth series of Bonds under the Indenture, known as (i) “First Mortgage Bonds,
        Series WW due 2042,” herein sometimes called “2042 Series WW Bonds,” (ii) “First Mortgage Bonds, Series XX due 2038,” herein sometimes called “2038 Series XX Bonds,”
        and (iii) (ii) “First Mortgage Bonds, Series YY due 2059,” herein sometimes called “2059 Series YY Bonds,” respectively; and

       

        

      
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      WHEREAS, pursuant to the Amended and Restated Indenture as amended by the Fifth Supplemental Indenture, dated as of July 1, 2019, between the
        Company and the Trustee, the Company determined to amend certain provisions of the Amended and Restated Indenture and to create an eighteenth and nineteenth series of Bonds under the Indenture, known as (i) “First Mortgage Bonds, Series ZZ due
        2049,” herein sometimes called “2049 Series ZZ Bonds,” and (ii) “First Mortgage Bonds, Series AAA due 2059,” herein sometimes called “2059 Series AAA Bonds,”
        respectively; and

       

      WHEREAS, pursuant to the Amended and Restated Indenture as amended by the Sixth Supplemental Indenture, dated as of August 1, 2019, between the
        Company and the Trustee, the Company determined to amend certain provisions of the Amended and Restated Indenture and to create a twentieth and twenty-first series of Bonds under the Indenture, known as (i) “First Mortgage Bonds, Series BBB due
        2039,” herein sometimes called “2039 Series BBB Bonds” (to replace the 2027 Series MM Bonds) and (ii) “First Mortgage Bonds, Series CCC due 2043,” herein sometimes called “2043

          Series CCC Bonds” (to replace the 2035 Series NN Bonds), respectively; and

       

      WHEREAS, pursuant to the Amended and Restated Indenture as amended by the Seventh Supplemental Indenture, dated as of June 1, 2020, between the
        Company and the Trustee, the Company determined to amend certain provisions of the Amended and Restated Indenture and to create a twenty-second series of Bonds under the Indenture, known as “First Mortgage Bonds, Series DDD due 2050,” herein
        sometimes called “2050 Series DDD Bonds”; and

       

      WHEREAS, pursuant to the Amended and Restated Indenture as amended by the Eighth Supplemental Indenture, dated as of July 1, 2020, between the
        Company and the Trustee, the Company determined to amend certain provisions of the Amended and Restated Indenture and to create a twenty-third and twenty-fourth series of Bonds under the Indenture, known as (i) “First Mortgage Bonds, Series EEE due
        2050,” herein sometimes called “2050 Series EEE Bonds” and (ii) “First Mortgage Bonds, Series FFF due 2060,” herein sometimes called “2060 Series FFF Bonds,”
        respectively; and

       

      WHEREAS, pursuant to the Amended and Restated Indenture as amended by the Ninth Supplemental Indenture, dated as of September 1, 2020, between the
        Company and the Trustee, the Company determined to amend certain provisions of the Amended and Restated Indenture and to create a twenty-fifth and twenty-sixth series of Bonds under the Indenture, known as (i) “First Mortgage Bonds, Series GGG due
        2050,” herein sometimes called “2050 Series GGG Bonds” and (ii) “First Mortgage Bonds, Series HHH due 2060,” herein sometimes called “2060 Series HHH Bonds,”
        respectively; and

       

        

      
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      WHEREAS, (i) the 2025 Series SS Bonds were issued in and are currently outstanding under the Indenture in the aggregate principal amount of
        $50,000,000, (ii) the 2045 Series TT Bonds were issued in and are currently outstanding under the Indenture in the aggregate principal amount of $100,000,000, (iii) the 2046 Series UU Bonds were issued in and are currently outstanding under the
        Indenture in the aggregate principal amount of $125,000,000, (iv) the 2048 Series VV Bonds were issued in and are currently outstanding under the Indenture in the aggregate principal amount of $125,000,000, (v) the 2042 Series WW Bonds were issued
        in and are currently outstanding under the Indenture in the aggregate principal amount of $10,300,000, (vi) the 2038 Series XX Bonds were issued in and are currently outstanding under the Indenture in the aggregate principal amount of $10,500,000,
        (vii) the 2059 Series YY Bonds were issued in and are currently outstanding under the Indenture in the aggregate principal amount of $15,000,000, (viii) the 2049 Series ZZ Bonds were issued in and are currently outstanding under the Indenture in
        the aggregate principal amount of $100,000,000, (ix) the 2059 Series AAA Bonds were issued in and are currently outstanding under the Indenture in the aggregate principal amount of $85,000,000, (x) the 2039 Series BBB Bonds were issued in and are
        currently outstanding under the Indenture in the aggregate principal amount of $9,545,000, (xi) the 2043 Series CCC Bonds were issued in and are currently outstanding under the Indenture in the aggregate principal amount of $41,000,000, (xii) the
        2050 Series DDD Bonds were issued in and are currently outstanding under the Indenture in the aggregate principal amount of $50,000,000, (xiii) the 2050 Series EEE Bonds were issued in and are currently outstanding under the Indenture in the
        aggregate principal amount of $50,000,000, (xiv) the 2060 Series FFF Bonds were issued in and are currently outstanding under the Indenture in the aggregate principal amount of $25,000,000, (xv) the 2050 Series GGG Bonds were issued in and are
        currently outstanding under the Indenture in the aggregate principal amount of $25,000,000, and (xvi) the 2060 Series HHH Bonds were issued in and are currently outstanding under the Indenture in the aggregate principal amount of $50,000,000; and

       

      WHEREAS, the Company will enter into a Note Purchase Agreement dated as of October 28, 2021 (the “Note Purchase
          Agreement”) with the Purchasers identified in Schedule A attached thereto, pursuant to which the Company will issue its senior notes designated (i) “2.97% Senior Notes, Series 2021A, due 2051” in the aggregate principal amount of
        $50,000,000 (the “Series 2021A Senior Notes due 2051”) and (ii) 3.07% Senior Notes, Series 2021B, due 2061” in the aggregate principal amount of $50,000,000 (the “Series
          2021B Senior Notes due 2061”); and

       

      WHEREAS, the Company has duly determined to create a twenty-seventh and twenty-eighth series of Bonds under the Indenture, to be known as (i) “First
        Mortgage Bonds, Series III due 2051” herein sometimes called “2051 Series III Bonds” and (ii) “First Mortgage Bonds, Series JJJ due 2061,” herein sometimes called the “2061
          Series JJJ Bonds,” to be delivered and pledged to U.S. Bank National Association, as collateral agent (the “Collateral Agent”) pursuant to the Note Purchase Agreement for the benefit and security of
        the holders of the Series 2021A Senior Notes due 2051 and the Series 2021B Senior Notes due 2061, respectively, all as herein provided and as provided in the Note Purchase Agreement, and to add to the covenants and agreements contained in the
        Indenture, the covenants and agreements hereinafter set forth; and

       

      WHEREAS, the Company, in the exercise of the powers and authority conferred upon and reserved to it under the provisions of the Indenture and
        pursuant to appropriate resolutions of its Board of Directors, has duly resolved and determined to make, execute and deliver to the Trustee a Tenth Supplemental Indenture in the form hereof for the purposes herein provided; and

       

      WHEREAS, all conditions and requirements necessary to make this Tenth Supplemental Indenture a valid, binding and legal instrument have been done,
        performed and fulfilled and the execution and delivery hereof have been in all respects duly authorized.

       

      NOW, THEREFORE, THIS INDENTURE WITNESSETH:

        

      

      
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      That NEW JERSEY NATURAL GAS COMPANY, by way of further assurance and in consideration of the premises and of the acceptance by the Trustee of the
        trusts hereby created and of One Dollar to it duly paid by the Trustee at or before the ensealing and delivery of these presents, the receipt whereof is hereby acknowledged, and in order to secure the payment of principal of and any premium which
        may be due and payable on and the interest on all Bonds at any time issued and outstanding under the Indenture according to their tenor and effect, and the performance and observance by the Company of all the covenants and conditions herein and
        therein contained, has granted, bargained, sold, warranted, aliened, remised, released, conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed, and by these presents does grant, bargain, sell, warrant, alien, remise, release,
        convey, assign, transfer, mortgage, pledge, set over and confirm, unto the Trustee, and to its successors in the trust, and to it and its assigns forever, and has granted and does hereby grant thereunto a security interest in, all of the property,
        real, personal and mixed, now owned by the Company and situated in the Counties of Burlington, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset and Sussex in the State of New Jersey, or wherever situate (except Excepted Property and property
        released from the lien of the Indenture by the terms of the Indenture) and also all of the property, real, personal and mixed, hereafter acquired by the Company wherever situate (except Excepted Property and property released from the lien of the
        Indenture by the terms of the Indenture), including both as to property now owned and property hereafter acquired, without in any way limiting or impairing the enumeration of the same, the scope and intent of the foregoing or of any general or
        specific description contained in the Indenture, the following:

       

      	I.	
              FRANCHISES

            

       

      All and singular, the franchises, grants, permits, immunities, privileges and rights of the Company owned and held by it at the date of the
        execution hereof or hereafter acquired for the construction, maintenance, and operation of the gas plants and systems now or hereafter subject to the lien hereof, as well as all certificates, franchises, grants, permits, immunities, privileges, and
        rights of the Company used or useful in the operation of the property now or hereafter mortgaged hereunder, including all and singular the franchises, grants, permits, immunities, privileges, and rights of the Company granted by the governing
        authorities of any municipalities or other political subdivisions and all renewals, extensions and modifications of said certificates, franchises, grants, permits, privileges, arid rights or any of them.

       

      	II.	
              GAS DISTRIBUTION SYSTEMS AND RELATED PROPERTY

            

       

      All gas generating plants, gas storage plants and gas manufacturing plants of the Company, all the buildings, erections, structures, generating and
        purifying apparatus, holders, engines, boilers, benches, retorts, tanks, instruments, appliances, apparatus, facilities, machinery, fixtures, and all other property used or provided for use in the generation, manufacturing and purifying of gas,
        together with the land on which the same are situated, and all other lands and easements, rights-of-way, permits, privileges, and sites forming a part of such plants or any of them or occupied, enjoyed or used in connection therewith.

       

        

      
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      All gas distribution or gas transmission systems of the Company, all buildings, erections, structures, generating and purifying apparatus, holders,
        engines, boilers, benches, retorts, tanks, pipe lines, connections, service pipes, meters, conduits, tools, instruments, appliances, apparatus, facilities, machinery, fixtures, and all other property used or provided for use in the construction,
        maintenance, repair or operations of such distribution or transmission systems, together with all the certificates, rights, privileges, rights-of-way, franchises, licenses, easements, grants, liberties, immunities, permits of the Company, howsoever
        conferred or acquired, under, over, or upon any private property or any public streets or highways within as well as without the corporate limits of any municipal corporation.  Without limiting the generality of the foregoing, there are expressly
        included the gas distribution or gas transmission systems located in the Counties of Burlington, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset and Sussex in the State of New Jersey, and in the following municipalities in said State and
        Counties: Aberdeen Township (formerly Matawan Township), Allenhurst Borough, City of Asbury Park, Atlantic Highlands Borough, Avon By the Sea Borough, Barnegat Light Borough, Barnegat Township (formerly named Union Township), Bay Head Borough,
        Beach Haven Borough, Beachwood Borough, Belmar Borough, Berkeley Township, Boonton Town, Boonton Township, Bradley Beach Borough, Brick Township, Brielle Borough, Colts Neck Township, Deal Borough, Denville Township, Dover Town, Dover Township,
        Eagleswood Township, East Brunswick Township, Eatontown Borough, Englishtown Borough, Fair Haven Borough, Farmingdale Borough, Franklin Township in Somerset County, Freehold Borough, Freehold Township, Hanover Township, Harvey Cedars Borough,
        Hazlet Township, Highlands Borough, Holmdel Township, Hopatcong Borough, Howell Township, Interlaken Borough, Island Heights Borough, Jackson Township, Jefferson Township, Keansburg Borough, Keyport Borough, Lacey Township, Lakehurst Borough,
        Lakewood Township, Lavallette Borough, Lincoln Park Borough, Little Egg Harbor Township, Little Silver Borough, Loch Arbour Village, Long Beach Township, Long Branch City, Manalapan Township, Manasquan Borough, Manchester Township, Mantoloking
        Borough, Marlboro Township, Matawan Borough, Middletown Township, Milltown Borough, Mine Hill Township, Monmouth Beach Borough, Monroe Township, Montville Township, Morris Plains Borough, Mount Arlington Borough, Mount Olive Township, Mountain
        Lakes Borough, Neptune City Borough, Neptune Township, Netcong Borough, New Brunswick City, North Brunswick Township, Ocean Township in Monmouth County, Ocean Township in Ocean County, Ocean Gate Borough, Oceanport Borough, Old Bridge Township
        (formerly named Madison Township), Parsippany-Troy Hills Township, Pine Beach Borough, Point Pleasant Borough, Point Pleasant Beach Borough, Randolph Township, Red Bank Borough, Rockaway Borough, Rockaway Township, Roxbury Township, Rumson Borough,
        Sayreville Borough, Sea Bright Borough, Sea Girt Borough, Seaside Heights Borough, Seaside Park Borough, Ship Bottom Borough, Shrewsbury Borough, Shrewsbury Township, South Belmar Borough, South Brunswick Township, South River Borough, South Toms
        River Borough, Spring Lake Borough, Spring Lake Heights Borough, Stafford Township, Surf City Borough, Tinton Falls Borough (formerly named New Shrewsbury Borough), Tuckerton Borough, Union Beach Borough, Union Township, Victory Gardens Borough,
        Wall Township, Washington Township in Burlington County, Washington Township in Morris County, West Long Branch Borough, West Milford Township and Wharton Borough.

       

      	III.	
              CONTRACTS

            

       

      All of the Company’s right, title and interest in and under all contracts, licenses or leases for the purchase of gas, either in effect at the date
        of execution hereof or hereafter made and any extension or renewal thereof.

       

      TOGETHER WITH ALL AND SINGULAR the tenements, hereditaments and appurtenances belonging or in anywise appertaining to the Trust Estate, or any part
        thereof, with the reversion or reversions, remainder and remainders, rents, issues, income and profits thereof, and all the right, title, interest and claim whatsoever, at law or in equity, which the Company now has or which it may hereafter
        acquire in and to the Trust Estate and every part and parcel thereof,

       

        

      
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      TO HAVE AND TO HOLD the Trust Estate and all and singular the lands, properties, estates, rights, franchises, privileges and appurtenances hereby
        mortgaged, conveyed, pledged or assigned, or intended so to be, together with all the appurtenances thereto appertaining, unto the Trustee and its successors and assigns forever;

       

      SUBJECT, HOWEVER, as to property hereby conveyed, to Permitted Encumbrances;

       

      BUT IN TRUST, NEVERTHELESS, under and subject to the terms and conditions hereafter set forth, for the equal and proportionate use, benefit,
        security and protection of each and every person who may be or become the holders of the Bonds hereby secured without preference, priority or distinction as to the lien or otherwise of one Bond over or from the others by reason of priority in the
        issue or negotiation thereof, or by reason of the date of maturity thereof, or otherwise (except as any sinking, amortization, improvement, renewal or other analogous fund, established in accordance with the provisions of the Indenture, may afford
        additional security for the Bonds of any particular series), and for securing the observance and performance of all the terms, provisions and conditions of the Indenture.

       

      THIS INDENTURE FURTHER WITNESSETH, that the Company has agreed and covenanted, and hereby does agree and covenant, with the Trustee and its
        successors and assigns and with the respective holders from time to time of the Bonds, or any thereof, as follows:

       

      ARTICLE I

       

      CERTAIN AMENDMENTS OF INDENTURE

       

      § 1.1.     The Indenture be and it hereby is
          amended in the following respects, the section numbers specified below being the sections of the Indenture in which such amendments occur:

       

      § 1.01.          The following definitions be and they hereby are added at the end of § 1.02:

       

      “(lllll)          “Tenth Supplemental Indenture” shall mean the
          Tenth Supplemental Indenture, dated as of October 1, 2021, supplemental to the Indenture.”

       

      “(mmmmm)    “2051 Series III Bond” shall mean one of the First
          Mortgage Bonds, Series III due 2051, issued hereunder.”

       

      “(nnnnn)          “Series 2061 Series JJJ Bond” shall mean one
          of the First Mortgage Bonds, Series JJJ due 2061, issued hereunder.”

       

      § 2.11.    The following be and it hereby is
          added at the end of § 2.11:

       

        

      
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      “No charge except for taxes or governmental charges shall be made against any holder of any 2051 Series III Bond or 2061 Series JJJ Bond for the
        exchange, transfer or registration of transfer thereof.”

       

      § 8.08.   The period at the end of the first
          paragraph of § 8.08 be and it hereby is deleted and the following words and figures be and they hereby are added thereto:

       

      “, and the 2051 Series III Bonds and the 2061 Series JJJ Bonds shall be redeemed at the redemption price specified in § 10.58 and § 10.60,
        respectively.”

       

      ARTICLE II

       

      2051 SERIES III BONDS

       

      § 2.1.      There shall be a twenty-seventh
          series of Bonds under the Indenture, known as and entitled “First Mortgage Bonds, Series III due 2051” or “First Mortgage Bonds, Series III” (herein and in the Indenture referred to as the “2051 Series III Bonds”),

          and the form thereof shall contain suitable provisions with respect to the matters hereinafter in this Section specified and shall in other respects be substantially as set forth in Exhibit A to the Indenture.

       

      The aggregate principal amount of 2051 Series III Bonds which may be authenticated and delivered and outstanding under the Indenture is $50,000,000.

       

      The 2051 Series III Bonds shall be payable to the Collateral Agent, and shall be nontransferable except to a successor of the Collateral Agent, in
        accordance with the Note Purchase Agreement.

       

      The 2051 Series III Bonds shall bear interest at the rate of 2.97% per annum, computed on the basis of a 360-day year of twelve 30-day months, until
        the principal thereof is paid or made available for payment, and shall mature on October 30, 2051, subject to prior redemption as described herein; provided that any principal, Make-Whole Amount (as defined in the Note Purchase Agreement), and any
        such installment of interest which is overdue shall bear interest at a rate of interest that is the greater of (i) 4.97% per annum or (ii) 2.00% per annum over the rate of interest publicly announced by PNC Bank, National Association as its “base”
        or “prime” rate (to the extent that payment of such interest is enforceable under applicable law).

       

        

      
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      The 2051 Series III Bonds shall be in the form of registered Bonds without coupons of denominations of $1,000 and any integral multiple thereof
        which may be authorized by the Company, the issue of a registered Bond without coupons in any such denomination to be conclusive evidence of such authorization.  Any 2051 Series III Bonds shall be dated (i) as of the semi-annual interest payment
        date (as specified in the first paragraph of the 2051 Series III Bonds) next preceding the date on which such 2051 Series III Bonds shall be authenticated, unless such 2051 Series III Bonds are authenticated before April 28, 2022, in which case
        such 2051 Series III Bonds shall be dated October 28, 2021 or, (ii) if such date of authentication shall be an interest payment date, such 2051 Series III Bonds shall be dated such interest payment date; provided,
          however, that, if at the time of authentication of any 2051 Series III Bonds interest is in default on the 2051 Series III Bonds, such 2051 Series III Bonds shall be dated as of the interest payment date to which interest has previously
        been paid or made available for payment on the 2051 Series III Bonds.  All 2051 Series III Bonds shall bear interest from their respective dates, such interest to be payable, upon the terms of and otherwise in accordance with the 2051 Series III
        Bonds, on each date on which interest shall from time to time be payable on the Series 2021A Senior Notes due October 30, 2051; provided, that the obligation of the Company to make payments with respect to
        the principal of, Make-Whole Amount, if any, and interest on the 2051 Series III Bonds shall be fully or partially, as the case may be, satisfied and discharged to the extent that at the time any such payment shall be due, the then due principal
        of, Make-Whole Amount, if any, and interest on any of the Series 2021A Senior Notes due October 30, 2051 shall have been fully or partially paid from payments made by the Company under the Note Purchase Agreement.  The principal of, Make-Whole
        Amount, if any, and interest on the 2051 Series III Bonds shall be payable at the principal office of the Trustee, in Edison, New Jersey, or, at the option of the Company, at the “principal office” (as indicated pursuant to the Note Purchase
        Agreement) of the Collateral Agent, in any coin or currency of the United States of America which at the time of payment shall be legal tender for the payment of public and private debts.

       

      Notwithstanding any other provision of the Indenture or of the 2051 Series III Bonds, payments of the principal of, Make-Whole Amount, if any, and
        interest on any 2051 Series III Bond may be made directly to the registered holder thereof without presentation or surrender thereof or the making of any notation thereon if there shall be filed with the Trustee a Certificate of the Company to the
        effect that such registered holder (or the person for whom such registered holder is a nominee) and the Company have entered into a written agreement that payment shall be so made; provided, however, that before such registered holder transfers or
        otherwise disposes of any 2051 Series III Bond, such registered holder will, at its election, either endorse thereon (or on a paper annexed thereto) the principal amount thereof redeemed and the last date to which interest has been paid thereon or
        make such Bond available to the Company at the principal office of the Trustee for the purpose of making such endorsement thereon.

       

      The 2051 Series III Bonds shall be subject to redemption at the option of the Company or otherwise, and shall be subject to mandatory redemption, in
        the manner provided in the applicable provisions of Article Ten of the Indenture, as amended by Article III of this Tenth Supplemental Indenture.

       

      The 2051 Series III Bonds shall be excluded from the benefits of, and shall not be subject to redemption through the operation of, a Mandatory
        Sinking Fund pursuant to § 11.02 of the Indenture.

       

      Notwithstanding the provisions of § 10.02 or any other provision of the Indenture, the selection of 2051 Series III Bonds to be redeemed shall, in
        case fewer than all of the outstanding 2051 Series III Bonds are to be redeemed, be made by the Trustee pro rata (to the nearest multiple of One Thousand Dollars ($1,000)) among the registered holders of the 2051 Series III Bonds in proportion, as
        nearly as practicable, to the respective unpaid principal amounts of 2051 Series III Bonds registered in the names of such holders, with adjustments, to the extent practicable, to compensate for any prior redemption not made exactly in such
        proportion (or otherwise as may be specified by a written order signed by the registered holders of all outstanding 2051 Series III Bonds).

       

        

      
        11

        
          

      

      The definitive 2051 Series III Bonds may be issued in the form of engraved Bonds or Bonds printed or lithographed on steel engraved borders or Bonds
        in typed form on normal bond paper.  Subject to the foregoing provisions of this Section and the provisions of § 2.11 of the Indenture, all definitive 2051 Series III Bonds shall be fully exchangeable for other Bonds of the same series, of like
        aggregate principal amounts, and, upon surrender to the Trustee at its principal office, shall be exchangeable for other Bonds of the same series of a different authorized denomination or denominations, as requested by the holder surrendering the
        same.  The Company will execute, and the Trustee shall authenticate and deliver, registered Bonds without coupons, whenever the same shall be required for any such exchange.

       

      § 2.2.    2051 Series III Bonds in the
          aggregate principal amount of $50,000,000 may forthwith upon the execution and delivery of this Tenth Supplemental Indenture, or from time to time thereafter, be executed by the Company and delivered to the Trustee, and shall thereupon be
          authenticated and delivered by the Trustee upon compliance by the Company with the provisions of Articles Four, Five or Six of the Indenture, without awaiting the filing or recording of this Tenth Supplemental Indenture.  No additional 2051
          Series III Bonds shall be issued under Article Four, Five or Six of the Indenture without the consent in writing of the holders of all the outstanding 2051 Series III Bonds.

       

      ARTICLE III

       

      REDEMPTION OF THE 2051 SERIES III BONDS

       

      § 3.1.     The following § 10.57 and § 10.58
          be and they hereby are added to Article Ten of the Indenture:

       

      “§ 10.57.          The 2051 Series III Bonds shall be subject to redemption as follows: payments of principal of, Make-Whole Amount, if any, and interest on the 2051 Series III Bonds shall be made
          to the Collateral Agent to redeem 2051 Series III Bonds in such amounts as shall be necessary, in accordance with the provisions of the Note Purchase Agreement, to provide funds under the Note Purchase Agreement to (a) make, when due, payment at
          maturity (including, without limitation, maturity upon acceleration of the Series 2021A Senior Notes due October 30, 2051) and (b) make, when due, any prepayment required or permitted by the Series 2021A Senior Notes due October 30, 2051 in
          connection with any prepayment of the Series 2021A Senior Notes due October 30, 2051; provided, however, that the obligation of the Company to make any redemption
          payments under this Section shall be fully or partially, as the case may be, satisfied and discharged to the extent that at any time such payment shall be due, the then due payment at maturity or redemption payment on any of the Series 2021A
          Senior Notes due October 30, 2051 shall have been fully or partially made from payments made by the Company on the Notes under the Note Purchase Agreement; provided, further, however, that any principal,
          Make-Whole Amount, and any interest which is overdue shall bear interest at a rate of interest that is the greater of (i) 2.97% per annum or (ii) 2.00% per annum over the rate of interest publicly announced by PNC Bank, National Association as
          its “base” or “prime” rate (to the extent that payment of such interest is enforceable under applicable law).  Terms used and not defined in this Section and in Section 10.58 shall have the respective meanings given to them in the Tenth
          Supplemental Indenture.”

       

        

      
        12

        
          

      

      “§ 10.58.          In the case of the redemption of 2051 Series III Bonds out of moneys deposited with the Trustee pursuant to
          § 8.08, such 2051 Series III Bonds shall, upon compliance with provisions of § 10.02, and subject to the provisions of § 2.1 of the Tenth Supplemental Indenture, be redeemable at the principal amounts thereof, together with interest accrued
          thereon to the date fixed for redemption, without premium or Make-Whole Amount.”

       

      ARTICLE IV

       

      2061 SERIES JJJ BONDS

       

      § 4.1.       There shall be a twenty-eighth
          series of Bonds under the Indenture, known as and entitled “First Mortgage Bonds, Series JJJ due 2061” or “First Mortgage Bonds, Series JJJ” (herein and in the Indenture referred to as the “2061 Series JJJ Bonds”),

          and the form thereof shall contain suitable provisions with respect to the matters hereinafter in this Section specified and shall in other respects be substantially as set forth in Exhibit A to the Indenture.

       

      The aggregate principal amount of 2061 Series JJJ Bonds which may be authenticated and delivered and outstanding under the Indenture is $50,000,000.

       

      The 2061 Series JJJ Bonds shall be payable to the Collateral Agent, and shall be nontransferable except to a successor of the Collateral Agent, in
        accordance with the Note Purchase Agreement.

       

      The 2061 Series JJJ Bonds shall bear interest at the rate of 3.07% per annum, computed on the basis of a 360-day year of twelve 30-day months, until
        the principal thereof is paid or made available for payment, and shall mature on October 28, 2061, subject to prior redemption as described herein; provided that any principal, Make-Whole Amount (as defined in the Note Purchase Agreement), and any
        such installment of interest which is overdue shall bear interest at a rate of interest that is the greater of (i) 5.07% per annum or (ii) 2.00% per annum over the rate of interest publicly announced by PNC Bank, National Association as its “base”
        or “prime” rate (to the extent that payment of such interest is enforceable under applicable law).

       

        

      
        13

        
          

      

      The 2061 Series JJJ Bonds shall be in the form of registered Bonds without coupons of denominations of $1,000 and any integral multiple thereof
        which may be authorized by the Company, the issue of a registered Bond without coupons in any such denomination to be conclusive evidence of such authorization.  Any 2061 Series JJJ Bonds shall be dated (i) as of the semi-annual interest payment
        date (as specified in the first paragraph of the 2061 Series JJJ Bonds) next preceding the date on which such 2061 Series JJJ Bonds shall be authenticated, unless such 2061 Series JJJ Bonds are authenticated before April 28, 2022, in which case
        such 2061 Series JJJ Bonds shall be dated October 28, 2021 or, (ii) if such date of authentication shall be an interest payment date, such 2061 Series JJJ Bonds shall be dated such interest payment date; provided,
          however, that, if at the time of authentication of any 2061 Series JJJ Bonds interest is in default on the 2061 Series JJJ Bonds, such 2061 Series JJJ Bonds shall be dated as of the interest payment date to which interest has previously
        been paid or made available for payment on the 2061 Series JJJ Bonds.  All 2061 Series JJJ Bonds shall bear interest from their respective dates, such interest to be payable, upon the terms of and otherwise in accordance with the 2061 Series JJJ
        Bonds, on each date on which interest shall from time to time be payable on the Series 2021B Senior Notes due October 28, 2061; provided, that the obligation of the Company to make payments with respect to
        the principal of, Make-Whole Amount, if any, and interest on the 2061 Series JJJ Bonds shall be fully or partially, as the case may be, satisfied and discharged to the extent that at the time any such payment shall be due, the then due principal
        of, Make-Whole Amount, if any, and interest on any of the Series 2021B Senior Notes due October 28, 2061 shall have been fully or partially paid from payments made by the Company under the Note Purchase Agreement.  The principal of, Make-Whole
        Amount, if any, and interest on the 2061 Series JJJ Bonds shall be payable at the principal office of the Trustee, in Edison, New Jersey, or, at the option of the Company, at the “principal office” (as indicated pursuant to the Note Purchase
        Agreement) of the Collateral Agent, in any coin or currency of the United States of America which at the time of payment shall be legal tender for the payment of public and private debts.

       

      Notwithstanding any other provision of the Indenture or of the 2061 Series JJJ Bonds, payments of the principal of, Make-Whole Amount, if any, and
        interest on any 2061 Series JJJ Bond may be made directly to the registered holder thereof without presentation or surrender thereof or the making of any notation thereon if there shall be filed with the Trustee a Certificate of the Company to the
        effect that such registered holder (or the person for whom such registered holder is a nominee) and the Company have entered into a written agreement that payment shall be so made; provided, however, that before such registered holder transfers or
        otherwise disposes of any 2061 Series JJJ Bond, such registered holder will, at its election, either endorse thereon (or on a paper annexed thereto) the principal amount thereof redeemed and the last date to which interest has been paid thereon or
        make such Bond available to the Company at the principal office of the Trustee for the purpose of making such endorsement thereon.

       

      The 2061 Series JJJ Bonds shall be subject to redemption at the option of the Company or otherwise, and shall be subject to mandatory redemption, in
        the manner provided in the applicable provisions of Article Ten of the Indenture, as amended by Article V of this Tenth Supplemental Indenture.

       

      The 2061 Series JJJ Bonds shall be excluded from the benefits of, and shall not be subject to redemption through the operation of, a Mandatory
        Sinking Fund pursuant to § 11.02 of the Indenture.

       

      Notwithstanding the provisions of § 10.02 or any other provision of the Indenture, the selection of 2061 Series JJJ Bonds to be redeemed shall, in
        case fewer than all of the outstanding 2061 Series JJJ Bonds are to be redeemed, be made by the Trustee pro rata (to the nearest multiple of One Thousand Dollars ($1,000)) among the registered holders of the 2061 Series JJJ Bonds in proportion, as
        nearly as practicable, to the respective unpaid principal amounts of 2061 Series JJJ Bonds registered in the names of such holders, with adjustments, to the extent practicable, to compensate for any prior redemption not made exactly in such
        proportion (or otherwise as may be specified by a written order signed by the registered holders of all outstanding 2061 Series JJJ Bonds).

       

        

      
        14

        
          

      

      The definitive 2061 Series JJJ Bonds may be issued in the form of engraved Bonds or Bonds printed or lithographed on steel engraved borders or Bonds
        in typed form on normal bond paper.  Subject to the foregoing provisions of this Section and the provisions of § 2.11 of the Indenture, all definitive 2061 Series JJJ Bonds shall be fully exchangeable for other Bonds of the same series, of like
        aggregate principal amounts, and, upon surrender to the Trustee at its principal office, shall be exchangeable for other Bonds of the same series of a different authorized denomination or denominations, as requested by the holder surrendering the
        same.  The Company will execute, and the Trustee shall authenticate and deliver, registered Bonds without coupons, whenever the same shall be required for any such exchange.

       

      § 4.2.          2061 Series JJJ Bonds in the
          aggregate principal amount of $50,000,000 may forthwith upon the execution and delivery of this Tenth Supplemental Indenture, or from time to time thereafter, be executed by the Company and delivered to the Trustee, and shall thereupon be
          authenticated and delivered by the Trustee upon compliance by the Company with the provisions of Articles Four, Five or Six of the Indenture, without awaiting the filing or recording of this Tenth Supplemental Indenture.  No additional 2061
          Series JJJ Bonds shall be issued under Article Four, Five or Six of the Indenture without the consent in writing of the holders of all the outstanding 2061 Series JJJ Bonds.

       

      ARTICLE V

       

      REDEMPTION OF THE 2061 SERIES JJJ BONDS

       

      § 5.1.     The following § 10.59 and § 10.60
          be and they hereby are added to Article Ten of the Indenture:

       

      “§ 10.59.          The 2061 Series JJJ Bonds shall be subject to redemption as follows: payments of principal of, Make-Whole Amount, if any, and interest on the 2061 Series JJJ Bonds shall be made
          to the Collateral Agent to redeem 2061 Series JJJ Bonds in such amounts as shall be necessary, in accordance with the provisions of the Note Purchase Agreement, to provide funds under the Note Purchase Agreement to (a) make, when due, payment at
          maturity (including, without limitation, maturity upon acceleration of the Series 2021B Senior Notes due October 28, 2061) and (b) make, when due, any prepayment required or permitted by the Series 2021B Senior Notes due October 28, 2061 in
          connection with any prepayment of the Series 2021B Senior Notes due October 28, 2061; provided, however, that the obligation of the Company to make any redemption
          payments under this Section shall be fully or partially, as the case may be, satisfied and discharged to the extent that at any time such payment shall be due, the then due payment at maturity or redemption payment on any of the Series 2021B
          Senior Notes due October 28, 2061 shall have been fully or partially made from payments made by the Company on the Notes under the Note Purchase Agreement; provided, further, however, that any principal,
          Make-Whole Amount, and any interest which is overdue shall bear interest at a rate of interest that is the greater of (i) 3.07% per annum or (ii) 2.00% per annum over the rate of interest publicly announced by PNC Bank, National Association as
          its “base” or “prime” rate (to the extent that payment of such interest is enforceable under applicable law).  Terms used and not defined in this Section and in Section 10.60 shall have the respective meanings given to them in the Tenth
          Supplemental Indenture.”

       

        

      
        15

        
          

      

      “§ 10.60.          In the case of the redemption of 2061 Series JJJ Bonds out of moneys deposited with the Trustee pursuant to
          § 8.08, such 2061 Series JJJ Bonds shall, upon compliance with provisions of § 10.02, and subject to the provisions of § 2.1 of the Tenth Supplemental Indenture, be redeemable at the principal amounts thereof, together with interest accrued
          thereon to the date fixed for redemption, without premium or Make-Whole Amount.”

       

      ARTICLE VI

       

      MISCELLANEOUS

       

      § 6.1.    The Company is lawfully seized and
          possessed of all the real estate, franchises and other property described or referred to in the Indenture (except properties released from the lien of the Indenture pursuant to the provisions thereof) as presently mortgaged, subject to the
          exceptions stated therein, such real estate, franchises and other property are free and clear of any lien prior to the lien of the Indenture except as set forth in the Granting Clauses of the Indenture and the Company has good right and lawful
          authority to mortgage the same as provided in and by the Indenture.

       

      § 6.2.     The Trustee assumes no duties,
          responsibilities or liabilities by reason of this Tenth Supplemental Indenture other than as set forth in the Indenture, and this Tenth Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions of its
          acceptance of the trust under the Indenture, as fully as if said terms and conditions were herein set forth at length.

       

      § 6.3.    The terms used in this Tenth
          Supplemental Indenture shall have the meanings assigned thereto in the Indenture.  Reference by number in this Tenth Supplemental Indenture to Articles or Sections shall be construed as referring to Articles or Sections contained in the
          Indenture, unless otherwise stated.

       

      § 6.4.     As amended and modified by this
          Tenth Supplemental Indenture, the Indenture is in all respects ratified and confirmed and the Indenture and this Tenth Supplemental Indenture shall be read, taken and construed as one and the same instrument.

       

      § 6.5.      Neither the approval by the
          Board of Public Utilities of the State of New Jersey of the execution and delivery of this Tenth Supplemental Indenture nor the approval by said Board of the issue of any Bonds under the Indenture shall in any way be construed as the approval by
          said Board of any other act, matter or thing which requires approval of said Board under the laws of the State of New Jersey; nor shall approval by said Board of the issue of any Bonds under the Indenture bind said Board or any other public body
          or authority of the State of New Jersey having jurisdiction in the premises in any future application for the issue of Bonds under the Indenture or otherwise.

       

        

      
        16

        
          

      

      § 6.6.     This Tenth Supplemental Indenture
          may be executed in any number of counterparts and all said counterparts executed and delivered each as an original shall constitute but one and the same instrument.

       

        

      
        17

        
          

      

      NEW JERSEY NATURAL GAS COMPANY HEREBY DECLARES THAT IT HAS READ THIS TENTH SUPPLEMENTAL INDENTURE, HAS RECEIVED A COMPLETELY FILLED-IN TRUE COPY OF
        IT WITHOUT CHARGE AND HAS SIGNED THIS TENTH SUPPLEMENTAL INDENTURE ON THE DATE CONTAINED IN ITS ACKNOWLEDGEMENT HEREOF.

       

      IN WITNESS WHEREOF, NEW JERSEY NATURAL GAS COMPANY has caused these presents to be signed in its corporate name by its President, a Vice President
        or its Treasurer and its corporate seal to be hereunto affixed and attested by its Secretary or an Assistant Secretary, and U.S. BANK NATIONAL ASSOCIATION, in evidence of its acceptance of the trust hereby created, has caused these presents to be
        signed in its corporate name by one of its Vice Presidents.

       

      	 	
              NEW JERSEY NATURAL GAS COMPANY

            
	 	 	 
	 	
              By:

            	  
	 	 	
              Name:  Roberto F. Bel

            
	 	 	
              Title:   Vice President, Treasurer

            

      

         

      	
              [Corporate Seal]

            
	 	 	 
	
              ATTEST:

            	 	 
	 	 	 
	
              Name: Richard Reich

            	 	 
	
              Title:   Corporate Secretary

            	 	 

       

        

      
        18

        
          

      

      	 	
              U.S. BANK NATIONAL ASSOCIATION, 

              as Trustee

            
	 	 	 
	 	
              By:

            	 
	 	 	
              Name: Mark DiGiacomo

            
	 	 	
              Title:  Vice President

            

      

         

      	
              ATTEST:

            	 
	 	 	 
	
              Name:

            	
              Paul O’Brien

            	 	 
	
              Title:

            	
              Vice President

            	 	 

      

         

      
        19

        
          

      

      
        	STATE OF NEW JERSEY

                	)
	
                 

              	) ss:
	
                
                  COUNTY OF MONMOUTH

                    

                

              	)

      

      

      BE IT REMEMBERED that on this ___ day of [_________], 2021, before me, the subscriber, an Attorney-at-Law of the State of New Jersey, and I hereby
        certify that I am such an Attorney-at-Law as witness my hand, personally appeared Richard Reich to me known who, being by me duly sworn according to law, on his oath, does depose and make proof to my satisfaction that he is the Corporate Secretary
        of NEW JERSEY NATURAL GAS COMPANY, the grantor or mortgagor in the foregoing Supplemental Indenture named; that he well knows the seal of said corporation; that the seal affixed to said Supplemental Indenture is the corporate seal of said
        corporation, and that it was so affixed in pursuance of resolutions of the Board of Directors of said corporation; that Roberto Bel is Vice President, Treasurer of said corporation; that he saw said Roberto Bel, as such Vice President, Treasurer,
        affix said seal thereto, sign and deliver said Supplemental Indenture, and heard her declare that she signed, sealed and delivered the same as the voluntary act and deed of said corporation, in pursuance of said resolutions, and that this deponent
        signed his name thereto, at the same time, as attesting witness.

      

         

      	 	 
	 	
              Name:

            	
              Richard Reich

            
	 	
              Title:

            	
              Corporate Secretary

            

      

         

      	
              Subscribed and sworn to before me,

            
	
              an Attorney-at-Law of the State of

            
	
              New Jersey, at Wall, New Jersey,

            
	
              the day and year aforesaid.

            
	 	 
	
              Name:

            	
              Eileen Quinn

            	 
	 	 	 
	 	
              Attorney-at-Law of the

            	 
	 	
              State of New Jersey

            	 

      

         

      
        20

        
          

      

      ACKNOWLEDGEMENT

       

      
        	STATE OF NEW JERSEY

                	)
	
                 

              	) ss:
	
                COUNTY OF MIDDLESEX

                  

              	)

        

      

      I HEREBY CERTIFY that on this ___ of [_________], 2021, before me, a Notary Public for the state aforesaid, personally appeared Mark DiGiacomo,
        known to me or satisfactorily proven to be the Person whose name is subscribed to the Tenth Supplemental Indenture dated as of October 1, 2021, who acknowledged that he is an authorized signatory for U.S. Bank National Association, a national
        banking association, as Trustee; that he has been duly authorized to execute, and has executed, such instrument on its behalf for the purposes therein set forth; and that the same is its act and deed.

       

      IN WITNESS WHEREOF, I have set my hand and Notarial Seal, the day and year first above written.

       

      	 	 
	 	
              Paul O’Brien

            
	 	
              Notary Public

            
	 	
              My commission expires on 

              

            	 

      

         

      

        21Exhibit 4.3

      

       

      

      Execution Version

      

      NEW JERSEY RESOURCES CORPORATION

      

      

      
        

       

      

      THIRD AMENDMENT

      Dated as of November 1, 2021

      

      

      to

      

      

      SHELF NOTE PURCHASE AGREEMENT

      Dated as of June 30, 2011

      

      

      
        

      

      

       $50,000,000 3.25% Senior Series A Notes due September 17, 2022

      $100,000,000 3.48% Senior Series B Notes due November 7, 2024

      

      

      
        
          

        

      

      THIRD AMENDMENT

      TO SHELF NOTE PURCHASE AGREEMENT

      

      

      THIS THIRD AMENDMENT dated as of November 1, 2021 (this “Amendment”) to that certain Shelf Note Purchase
        Agreement dated as of June 30, 2011 is among New Jersey Resources Corporation, a New Jersey corporation (the “Company”), each Guarantor signatory hereto (each a “Guarantor”),

        and each holder of Notes (as hereinafter defined) that is a party hereto (collectively, the “Noteholders”).

       

      Recitals:

      

      

      A.          WHEREAS, the Company has heretofore entered into that certain Shelf Note Purchase Agreement, dated as of June 30, 2011 (as amended by the (i) First Amendment to Shelf Note Purchase
        Agreement, dated as of July 25, 2014 and (ii) Second Amendment to Shelf Note Purchase Agreement, dated as of September 28, 2015, the “Shelf Agreement”) with PGIM, Inc. (formerly known as Prudential Investment
        Management, Inc.) and each Prudential Affiliate from time to time party thereto pursuant to which the Company issued and has outstanding (i) $50,000,000 3.25% Senior Series A Notes due September 17, 2022 (the “Series

          A Notes”) and (ii) $100,000,000 3.48% Senior Series B Notes due November 7, 2024 (the “Series B Notes”; together with the Series A Notes, the “Notes”);

       

      B.          WHEREAS, capitalized terms used herein shall have the respective meanings ascribed thereto in the Shelf Agreement unless herein defined or the context shall otherwise require;

       

      C.          WHEREAS, the Company has requested that the Noteholders make certain amendments to the Shelf Agreement;

       

      D.          WHEREAS, the Required Holders have agreed to the Company’s amendment request and the Required Holders now desire to amend the Shelf Agreement in the respects, but only in the respects,
        hereinafter set forth; and

       

      E.          WHEREAS, all requirements of law have been fully complied with and all other acts and things necessary to make this Amendment a valid, legal and binding instrument according to its
        terms for the purposes herein expressed have been done or performed.

       

      NOW, THEREFORE, upon the full and complete satisfaction of the conditions precedent to the effectiveness of this Amendment set forth in Section 3.1 hereof, and in consideration of good and valuable
        consideration the receipt and sufficiency of which are hereby acknowledged, the Company and the Noteholders do hereby agree as follows:

       

      
        
          

        

      

      SECTION 1.       AMENDMENTS.

       

      1.1.        A new Section 9.9 of the Shelf Agreement shall be added to read as follows:

       

      Section 9.9.          Rating on the Notes.  The Company will use commercially reasonable efforts to obtain a Debt
        Rating for each series of the Notes from a NRSRO as soon as practicable and, in any event, on or before May 1, 2022.  After the Company has obtained such initial Debt Rating for each series of the Notes, the Company shall at all times thereafter
        maintain a Debt Rating for each series of the Notes from a NRSRO; provided, that, if the applicable NRSRO (i) ceases providing a Debt Rating for either or both
        series of the Notes without having provided the Company with at least 60 days advance notice (other than as a result of the Company failing to pay applicable fees and expenses or failing to reasonably cooperate with the NRSRO)(the earlier of the
        date notice is provided to the Company or, if no notice is provided, the date the NRSRO ceases providing the Debt Rating, a “Ratings Withdrawal Event”), or (ii) ceases to qualify as a NRSRO (the date of such
        event, a “Ratings Agency Event” and, together with a Ratings Withdrawal Event, a “Ratings Termination Event”), then the Company shall use its commercially reasonable
        efforts to obtain a new Debt Rating for either or both series of the Notes from a NRSRO as soon as practicable and, in any event, on or before the 60th day following the Ratings Termination Event or, if the Company diligently pursues a new Debt
        Rating but is unable to do so by the 60th day following the Ratings Termination Event, such period shall be extended for an additional 30 days.  Evidence of any Debt Rating shall (a) be delivered by the Company to the holders of the Notes (1) at
        least annually (but not more than 30 days prior to each anniversary of the date on which such Debt Rating was initially obtained) and (2) promptly upon any change in such Debt Rating, (b) set forth the Debt Rating for each series of the Notes, (c)
        refer to the Private Placement Number issued by CUSIP Global Services, in respect of each series of the Notes, (d) state that such Debt Rating addresses the likelihood of payment of both the principal and interest of such Notes (which requirement
        shall be deemed satisfied if such letter is silent as to the likelihood of payment of both principal and interest and does not otherwise include any indication to the contrary), (e) not include any prohibition against sharing such evidence with the
        SVO or any other regulatory authority having jurisdiction over the holders of the Notes, and (f) include such other information relating to such Debt Rating as may be required from time to time by the SVO or any other regulatory authority having
        jurisdiction over the holders of the Notes and as may be reasonably requested by the Required Holders.

       

      1.2.        Section 10.1 of the Shelf Agreement shall be and is hereby restated in its entirety to read as follows:

       

      Section 10.1.          Leverage Ratio.  The Company will not permit, as of the end of any fiscal quarter of the
        Company, the ratio of Consolidated Total Debt to Consolidated Total Capitalization to exceed 0.70 to 1.00; provided that, if the Company is not in compliance with the requirements of Section 9.9 at any time,
        the ratio of Consolidated Total Debt to Consolidated Total Capitalization shall be reduced to 0.65 to 1.00 until the date a new Debt Rating complying with the requirements of Section 9.9 is delivered to the
        holders of Notes.

       

      
        -2-

        
          

        

      

      1.3.        Clause (d) of Section 11 of the Shelf Agreement shall be and is hereby restated in its entirety to read as follows:

       

      (d)          the Company defaults in the performance of or compliance with any term contained herein (other than those referred to in paragraphs (a), (b) and (c) of this Section 11 and other than Section 9.9) and such default is not remedied within 30 days after the earlier of (1) a Responsible Officer obtaining actual knowledge of such default and (2) the
        Company receiving written notice of such default from any holder of a Note (any such written notice to be identified as a “notice of default” and to refer specifically to this paragraph (d) of Section 11);
        or

       

      1.4.        Section 22.4 of the Shelf Agreement shall be and is hereby restated in its entirety to read as follows:

       

      Section 22.4.          Accounting Terms.  All accounting terms used herein which are not expressly defined in this
        Agreement have the meanings respectively given to them in accordance with GAAP.  Except as otherwise specifically provided herein, (i) all computations made pursuant to this Agreement shall be made in accordance with GAAP, and (ii) all financial
        statements shall be prepared in accordance with GAAP.  Notwithstanding the foregoing, (a) if at any time any change in GAAP or in the application of GAAP would affect the computation of any financial ratio or requirement set forth in this
        Agreement, and either the Company or the Required Holders shall so request, the holders of Notes and the Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in
        GAAP (subject to the approval of the Required Holders); provided that, until so amended, such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change in GAAP shall have become effective, (b) each
        financial ratio or requirement set forth in this Agreement shall be computed (i) to exclude any change to lease accounting rules from those in effect pursuant to Accounting Standards Codification 840 (Leases) and other related lease accounting
        guidance as in effect on February 16, 2018 and (ii) using the methodology for the recognition of investment tax credits for solar generation projects used by the Company in the fiscal year ending September 30, 2019 and (c) the Company shall provide
        to the holders of Notes, concurrently with the delivery of the financial statements required under this Agreement and as reasonably requested by any holder of Notes hereunder, a reconciliation between the calculation of any such financial ratio or
        requirement made before and after giving effect to such changes in GAAP or the application thereof described in the foregoing clauses (a) and (b).  For purposes of determining compliance with this Agreement (including, without limitation, Section 9, Section 10 and the definition of “Debt”), any election by the Company to measure any financial liability using fair value (as permitted by Financial Accounting Standards Board Accounting Standards
        Codification Topic No. 825-10-25 – Fair Value Option, International Accounting Standard 39 – Financial Instruments: Recognition and Measurement or any similar accounting standard) shall be disregarded and such determination shall be made as if such
        election had not been made.

       

      
        -3-

        
          

        

      

      1.5.        Schedule B of the Shelf Agreement shall be and hereby is amended by adding in the correct alphabetical order the following definitions:

       

      “DBRS/Morningstar” shall mean DBRS, Inc., or, if applicable, its successor.

       

      “Debt Rating” shall mean the debt rating of the Notes as determined from time to time by any NRSRO.

       

      “Fitch” shall mean Fitch, Inc. or, if applicable, its successor.

       

      “Kroll” shall mean Kroll Bond Rating Agency, LLC or, if applicable, its successor.

       

       “Moody’s” shall mean Moody’s Investors Service, Inc. or, if applicable, its successor.

       

      “NRSRO” shall mean (a) Fitch, Moody’s, S&P, DBRS/Morningstar or Kroll, or (b) or any other credit rating agency that is recognized as a nationally recognized statistical rating organization by the SEC and approved by the Required
          Holders, so long as, in each case, any such credit rating agency described in clause (a) or (b) above continues to be a nationally recognized statistical rating organization recognized by the SEC and is approved as a “Credit Rating Provider” (or
          other similar designation) by the NAIC.

       

      “S&P” shall mean S&P Global Ratings or, if applicable, its successor.

       

      SECTION 2.       REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

       

      2.1.        To induce the Noteholders to execute and deliver this Amendment (which representations shall survive the execution and delivery of this Amendment), the Company, represents and warrants
        to the Noteholders that:

       

      
        -4-

        
          

        

      

      (a)          this Amendment has been duly authorized by all necessary corporate action on the part of the Company and has been duly executed and delivered by the Company, and
        this Amendment and the Shelf Agreement, as amended by this Amendment, constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, except as enforcement may be
        limited by (1) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (2) general principles of equity (regardless of whether such enforceability is
        considered in a proceeding in equity or at law);

       

      (b)          the execution, delivery and performance of this Amendment by the Company and the performance by the Company hereof and of the Shelf Agreement, as amended by this
        Amendment, will not (1) contravene, result in any breach of, or constitute a default under, or result in the creation of any Lien in respect of any property of the Company, any Restricted Subsidiary or New Jersey Natural Gas under, any indenture,
        mortgage, deed of trust, loan, purchase or credit agreement, lease, corporate charter or by-laws, or any other Material agreement or instrument to which the Company, any Restricted Subsidiary or New Jersey Natural Gas is bound or by which the
        Company, any Restricted Subsidiary or New Jersey Natural Gas or any of their respective properties may be bound, (2) conflict with or result in a breach of any of the terms, conditions or provisions of any order, judgment, decree or ruling of any
        court, arbitrator or Governmental Authority applicable to the Company, any Restricted Subsidiary or New Jersey Natural Gas or (3) violate any provision of any statute or other rule or regulation of any Governmental Authority applicable to the
        Company, any Restricted Subsidiary or New Jersey Natural Gas;

       

      (c)          no consent, approval or authorization of, or registration, filing or declaration with, any Governmental Authority is required in connection with the execution and
        delivery of this Amendment by the Company or the performance hereof or of the Shelf Agreement, as amended by this Amendment, by the Company;

       

      (d)          on the Effective Date (as hereinafter defined), after giving effect to this Amendment, all the representations and warranties contained in Section 5 of the Shelf
        Agreement are true and correct in all material respects with the same force and effect as if made by the Company, on and as of the date hereof (except to the extent such representations and warranties expressly refer to an earlier date, in which
        case they were true and correct in all material respects as of such earlier date);

       

      (e)          since June 30, 2021, there has been no change in the financial condition, operations, business or properties of the Company, any of its Restricted Subsidiaries or
        New Jersey Natural Gas except changes that individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; and

       

      (f)          as of the Effective Date and after giving effect to this Amendment, no Default or Event of Default has occurred which is continuing and no waiver of Default or Event
        of Default is in effect.

       

      
        -5-

        
          

        

      

      SECTION 3.       CONDITIONS TO EFFECTIVENESS OF THIS AMENDMENT.

       

      3.1.         This Amendment shall become effective upon satisfaction of each and every one of the following conditions (the date of such satisfaction, the “Effective

          Date”):

       

      (a)          executed counterparts of this Amendment, duly executed by the Company, each Guarantor and the Required Holders, shall have been delivered to each Noteholder or its
        special counsel;

       

      (b)          the representations and warranties of the Company set forth in Section 2 hereof shall be true and correct on and with respect to the Effective Date and each holder
        of Notes or its special counsel shall have received an Officer’s Certificate from the Company to such effect;

       

      (c)          each Bank Credit Agreement in existence on the date hereof shall have been amended to make corresponding modifications to the applicable terms thereof to be
        consistent with those in the Shelf Agreement, as amended by this Amendment, and copies of such amendments shall have been delivered to each Noteholder or its special counsel;

       

      (d)          the Note Purchase Agreement dated as of March 22, 2016, by and among the Company and the holders of notes issued thereunder, shall have been amended to make
        corresponding modifications to the applicable terms thereof to be consistent with those in the Shelf Agreement, as amended by this Amendment, and copies of such amendment shall have been delivered to each Noteholder or its special counsel;

       

      (e)          the Note Purchase Agreement dated as of June 8, 2018, by and among the Company and the holders of notes issued thereunder, shall have been amended to make
        corresponding modifications to the applicable terms thereof to be consistent with those in the Shelf Agreement, as amended by this Amendment, and copies of such amendment shall have been delivered to each Noteholder or its special counsel;

       

      (f)          the Note Purchase Agreement dated as of July 17, 2019, by and among the Company and the holders of notes issued thereunder, shall have been amended to make
        corresponding modifications to the applicable terms thereof to be consistent with those in the Shelf Agreement, as amended by this Amendment, and copies of such amendment shall have been delivered to each Noteholder or its special counsel;

       

      (g)          the Note Purchase Agreement dated as of May 14, 2020, by and among the Company and the holders of notes issued thereunder, shall have been amended to make
        corresponding modifications to the applicable terms thereof to be consistent with those in the Shelf Agreement, as amended by this Amendment, and copies of such amendment shall have been delivered to each Noteholder or its special counsel;

       

      (h)          the Note Purchase Agreement dated as of September 1, 2020, by and among the Company and the holders of notes issued thereunder, shall have been amended to make
        corresponding modifications to the applicable terms thereof to be consistent with those in the Shelf Agreement, as amended by this Amendment, and copies of such amendment shall have been delivered to each Noteholder or its special counsel;

       

      
        -6-

        
          

        

      

      (i)          the Company shall have paid by wire transfer of immediately available funds to each Holder at the account of such Holder set forth in Schedule A to the Shelf
        Agreement or on the purchaser schedule to the applicable Confirmation of Acceptance (or to such other account as such Holder shall have provided to the Company in writing), an amendment fee in an amount equal to 0.05% of the aggregate principal
        amount of Notes held by such Holder; and

       

      (j)          the Company shall have paid the fees and expenses of Schiff Hardin LLP, special counsel to the Noteholders, in connection with the negotiation, preparation,
        approval, execution and delivery of this Amendment.

       

      SECTION 4.       MISCELLANEOUS.

       

      4.1.       Except as expressly amended hereby, the Shelf Agreement and all documents, instruments and agreements related thereto are hereby ratified and confirmed in all respects and shall continue
        in full force and effect. This Amendment and the Shelf Agreement shall hereafter be read and construed together as a single document, and all references in the Shelf Agreement or any agreement or instrument related to the Shelf Agreement shall
        hereafter refer to the Shelf Agreement as amended by this Amendment. The Company and each Guarantor hereby ratifies the Shelf Agreement and the Guaranty Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Shelf
        Agreement and Guaranty Agreement applicable to it and (b) that it is responsible for the observance and full performance of its respective obligations under the Shelf Agreement, the Guaranty Agreement and the Notes.

       

      4.2.        Nothing contained herein shall be deemed to (a) constitute a waiver of any Default or Event of Default that may heretofore or hereafter occur or have occurred and be continuing or,
        except as expressly set forth herein, to otherwise modify any provision of the Shelf Agreement, or (b) give rise to any defenses or counterclaims to the right of any Noteholder to compel payment of any obligations of the Company or any Guarantor
        owing to such Noteholder when due or to otherwise enforce its rights and remedies under the Shelf Agreement, the Notes or the Guaranty Agreement.

       

      4.3.        The Company hereby confirms its obligations under the Shelf Agreement whether or not the transactions hereby contemplated are consummated, to pay, promptly after request by the
        Noteholders, all out-of-pocket costs and expenses, including reasonable attorneys’ fees of a special counsel and, if reasonably required, local or other counsel, incurred by such Noteholder in connection with this Amendment or the transactions
        contemplated hereby, in enforcing any rights under this Amendment, or in responding to any subpoena or other legal process or informal investigative demand issued in connection with this Amendment or the transactions contemplated hereby.  The
        obligations of the Company under this Section 4.3 shall survive transfer by any Noteholder of any Note and payment of any Note.

       

      
        -7-

        
          

        

      

      4.4.       Any and all notices, requests, certificates and other instruments executed and delivered after the execution and delivery of this Amendment may refer to the Shelf Agreement without
        making specific reference to this Amendment but nevertheless all such references shall include this Amendment unless the context otherwise requires.

       

      4.5.        The descriptive headings of the various Sections or parts of this Amendment are for convenience only and shall not affect the meaning or construction of any of the provisions hereof.

       

      4.6.        This Amendment shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of New York excluding choice-of-law
        principles of the law of such State that would require the application of the laws of a jurisdiction other than such State.

       

      4.7.        This Amendment may be executed in any number of counterparts, each executed counterpart constituting an original, but all together only one agreement.  Delivery of an electronic
        signature to, or a signed copy of, this Amendment by facsimile, email or other electronic transmission shall be fully binding on the parties to the same extent as the delivery of the signed originals and shall be admissible into evidence for all
        purposes.  Notwithstanding the foregoing, if any Noteholder shall request manually signed counterpart signatures to the Amendment, the Company and each Guarantor hereby agrees to use its reasonable endeavors to provide such manually signed
        signature pages as soon as reasonably practicable.

       

      [Remainder of Page Left Intentionally Blank]

       

      

      
        -8-

        
          

        

      

      IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed by an authorized representative as of the date first written above.

      

      

      	 	
              New Jersey Resources Corporation

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President and Chief Financial

            
	 	 	
              Officer

            
	 	 	 
	 	
              NJR Retail Holdings Corporation

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President, Chief Financial

            
	 	 	
              Officer, Treasurer and Secretary

            
	 	 	 
	 	
              NJR Home Services Company

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President, Chief Financial

            
	 	 	
              Officer, Treasurer and Secretary

            
	 	 	 
	 	
              NJR Plumbing Services, Inc.

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President, Chief Financial

            
	 	 	
              Officer, Treasurer and Secretary

            
	 	 	 
	 	
              NJR Service Corporation

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President and Chief Financial Officer

            

      

      

      
        
          

        

      

      	 	
              Phoenix Fuel Management Company

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President, Chief Financial

            
	 	 	
              Officer, Treasurer and Secretary

            
	 	 	 
	 	
              NJR Energy Investments Corporation

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President and Chief Financial Officer

            
	 	 	
              

              

            
	 	
              NJR Clean Energy Ventures Corporation

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President and Chief Financial Officer

            
	 	 	 
	 	
              Commercial Realty and Resources Corp.

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              President, Chief Financial Officer, Treasurer and Secretary

            
	 	 	
              

              

            
	 	
              NJR Midstream Holdings Corporation

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President and Chief Financial Officer

            

       

      

      [Signature Page to Third Amendment to Shelf Note Purchase Agreement]

      

      

      
        
          

        

      

      	 	
              NJR Energy Services Company

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President and Chief Financial Officer

            
	 	 	
              

              

            
	 	
              NJR Clean Energy Ventures III Corporation

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President and Chief Financial Officer

            
	 	 	
              

              

            
	 	 	 
	 	
              NJR Storage Holdings Company

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President and Chief Financial Officer

            
	 	 	
              

              

            
	 	
              NJR Clean Energy Ventures II Corporation

            
	 	 	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President and Chief Financial Officer

            
	 	 	
              

              

            
	 	
              Bernards Solar, LLC

            
	 	 	 
	 	
              By: 

              

            	NJR Clean Energy Ventures II Corporation, its sole member
	 	
                     

              

            	 
	 	
              By:

            	 	
              /s/ Patrick J. Migliaccio

            
	 	
              Name:

            	
              Patrick J. Migliaccio

            
	 	
              Title:

            	
              Senior Vice President and Chief Financial Officer

            

       

      

      [Signature Page to Third Amendment to Shelf Note Purchase Agreement]

      

      

    

    
      
        
          
            

          

        

        Accepted and Agreed to:

        

        

        	
                PGIM, Inc.

              
	 	 
	
                By:

              	 	
                /s/ Brian Lemons

              	 

        	 	
                Vice President

              

        

        

        	
                The Prudential Insurance Company of America

              
	 	 
	
                By:

              	PGIM, Inc., as Investment Manager

        	 	 
	
                By:

              	 	
                /s/ Brian Lemons

              	 

        	 	
                Vice President

              

        

        

        	
                Prudential Arizona Reinsurance Captive Company

              
	 	 
	
                By: 

                

              	PGIM, Inc., as Investment Manager

        	 	 
	
                By:

              	 	
                /s/ Brian Lemons

              	 

        	 	
                Vice President

              

        

        

        	
                The Gibraltar Life Insurance Co., Ltd.

              
	 	 
	
                By: 

                

              	PGIM Japan Co., Ltd., as Investment Manager
	
                

                

              	 
	
                By: 

                

              	PGIM, Inc., as Sub-Adviser

        	 	

              
	
                By:

              	 	
                /s/ Brian Lemons

              	 

        	 	
                Vice President

              

        

        

        [Signature Page to Third Amendment to Shelf Note Purchase Agreement]

         

        

        
          
            

          

        

        
          	
                  Zurich American Insurance Company

                	 
	 	 
	
                  By: PGIM Private Placement Investors, L.P., 

                  (as Investment Advisor)

                	 
	 	 
	
                  By: PGIM Private Placement Investors, Inc., 

                  (as General Partner)

                	 
	 	 
	
                  By:

                	
                  

                  

                	
                  /s/ Brian Lemons

                	
                  

                  

                
	
                  Vice President

                	 
	 	 
	
                  MTL Insurance Company

                	 
	 	 
	
                  By: PGIM Private Placement Investors, L.P., 

                    (as Investment Advisor)

                  

                	 
	 	 
	
                  By: PGIM Private Placement Investors, Inc., 

                    (as General Partner)

                  

                	 
	 	 
	
                  By:

                	 	
                  /s/ Brian Lemons

                	
                  

                  

                
	
                  

                  

                	
                  Vice President

                	 
	 	 
	
                  Pruco Life Insurance Company of New Jersey

                	 
	 	 
	
                  By: PGIM, Inc., as Investment Manager

                	 
	 	 
	
                  By:

                	 	
                  /s/ Brian Lemons

                	
                  

                  

                
	
                  

                  

                	
                  Vice President

                	 

        

        

        

        
           

          

          [Signature Page to Third Amendment to Shelf Note Purchase Agreement]

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