Document:

Exhibit 413

		

			Exhibit 4.1.3

		

		
			TWENTY-SIXTH SUPPLEMENTAL 
		

		
			INDENTURE
		

		
			DATED AS OF NOVEMBER 1, 1991
		

		
			 
		

		
			 
		

		
			TO
		

		
			 
		

		
			INDENTURE OF MORTGAGE 
		

		
			DATED AS OF JANUARY 1, 1941
		

		
			 
		

		
			 
		

		
			PHILADELPHIA SUBURBAN WATER COMPANY
		

		
			 
		

		
			TO
		

		
			 
		

		
			CORESTATES BANK, N.A., as Trustee
		

		
			 
		

		
			 
		

		
			 
		

		
			$12,000,000 FIRST MORTGAGE BONDS, 9.29% SERIES DUE 2026 
$8,000,000 FIRST MORTGAGE BONDS, 9.17% SERIES DUE 2021 
$5,000,000 FIRST MORTGAGE BONDS, 9.17% SERIES DUE 2011
		

		
			 
		

		

		

		 

		

			

		

 

		

			 

		

		TWENTY-SIXTH SUPPLEMENTAL INDENTURE dated as of the first day of November, 1991, by and between PHILADELPHIA SUBURBAN WATER COMPANY, a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania (the “Company”), party of the first part, and CORESTATES BANK, N.A., a national banking association successor to The Pennsylvania Company for Insurances on Lives and Granting Annuities, and as The Pennsylvania Company for Banking and Trusts, and as The First Pennsylvania Banking and Trust Company, and as First Pennsylvania Bank N.A. (the “Trustee”), party of the second part.
		

		
			WHEREAS, the Company heretofore duly executed and delivered to The Pennsylvania Company for Insurances on Lives and Granting Annuities, as Trustee, an Indenture of Mortgage dated as of January 1, 1941 (the “Original Indenture”), which by reference is hereby made a part hereof, and in and by the Original Indenture the Company conveyed and mortgaged to the Trustee certain property therein described, to secure the payment of its bonds to be generally known as its “First Mortgage Bonds” and to be issued under the Original Indenture in one or more series as therein provided; and
		

		
			WHEREAS, on March 29, 1947, concurrently with a merger of Germantown Trust Company into The Pennsylvania Company for Insurances on Lives and Granting Annuities, the name of the surviving corporation was changed to The Pennsylvania Company for Banking and Trusts, on September 30, 1955, concurrently with a merger of The First National Bank of Philadelphia into The Pennsylvania Company for Banking and Trusts, the name of the surviving corporation was changed to The First Pennsylvania Banking and Trust Company, and on June 3, 1974, by amendment to its Articles of Association, The First Pennsylvania Banking and Trust Company was changed and converted into a national bank and concurrently therewith changed its name to First Pennsylvania Bank N.A., and on October 1, 1991, First Pennsylvania Bank N.A. merged with and into Philadelphia National Bank, which changed its name to CoreStates Bank, N.A., such mergers and changes of name not involving any change in the title, powers, rights or duties of the Trustee, as trustee under the Original Indenture as supplemented at the respective dates thereof; and
		

		
			WHEREAS, the Company duly executed and delivered to the Trustee a First Supplemental Indenture dated as of July 1, 1948, a Second Supplemental Indenture dated as of July 1, 1952, a Third Supplemental Indenture dated as of November 1, 1953, a Fourth Supplemental Indenture dated as of January 1, 1956, a Fifth Supplemental Indenture dated as of March 1, 1957, a Sixth Supplemental Indenture dated as of May l, 1958, a Seventh Supplemental Indenture dated as of September 1, 1959, an Eighth Supplemental Indenture dated as of May 1, 1961, a Ninth Supplemental Indenture dated as of April 1, 1962, a Tenth Supplemental Indenture dated as of March 1, 1964, an Eleventh Supplemental Indenture dated as of November 1, 1966, a Twelfth Supplemental Indenture dated as of January 1, 1968, a Thirteenth Supplemental Indenture dated as of June 15, 1970, a Fourteenth Supplemental Indenture dated as of November 1, 1970, a Fifteenth Supplemental Indenture dated as of December 1, 1972, a Sixteenth Supplemental Indenture dated as of May 15, 1975, a Seventeenth Supplemental Indenture dated as of December 15, 1976, an Eighteenth Supplemental Indenture dated as of May 1, 1977, a Nineteenth Supplemental Indenture dated as of June 1, 1980, a Twentieth Supplemental Indenture dated as of August 1, 1983, a Twenty-First Supplemental Indenture, dated as of August 1, 1985, a Twenty-Second Supplemental Indenture, dated as of April 1, 1986, a Twenty-
		

		 

		

			

		

 

		Third Supplemental Indenture, dated as of April 1, 1987, a Twenty-Fourth Supplemental Indenture, dated as of June 1, 1988 and a Twenty-Fifth Supplemental Indenture, dated as of January 1, 1990, to subject certain additional property to the lien of the Original Indenture and to provide for the creation of additional series of bonds; and
		

		
			WHEREAS, the Company has issued under the Original Indenture, as supplemented at the respective dates of issue, twenty-eight series of First Mortgage Bonds designated, respectively, as set forth in the following table, the Indenture creating each series and the principal amount of bonds thereof issued being indicated opposite the designation of such series:
		

			
					
						Designation

					
					
						Indenture

					
					
						Amount

				
	
					
						3 1/4% Series due 1971

					
					
						Original

					$16,375,000 
				
	
					
						9 5/8% Series due 1975 

					
					
						Thirteenth Supplemental 

					10,000,000 
				
	
					
						9.15% Series due 1977 

					
					
						Fourteenth Supplemental 

					10,000,000 
				
	
					
						3% Series due 1978

					
					
						First Supplemental 

					2,000,000 
				
	
					
						3 3/8% Series due 1982 

					
					
						Second Supplemental 

					4,000,000 
				
	
					
						3.90% Series due 1983

					
					
						Third Supplemental 

					5,000,000 
				
	
					
						3 1/2% Series due 1986

					
					
						Fourth Supplemental 

					6,000,000 
				
	
					
						4 1/2% Series due 1987 

					
					
						Fifth Supplemental 

					4,000,000 
				
	
					
						4 1/8% Series due 1988 

					
					
						Sixth Supplemental 

					4,000,000 
				
	
					
						5% Series due 1989

					
					
						Seventh Supplemental 

					4,000,000 
				
	
					
						4 5/8% Series due 1991 

					
					
						Eighth Supplemental 

					3,000,000 
				
	
					
						4.70% Series due 1992

					
					
						Ninth Supplemental 

					3,000,000 
				
	
					
						6 7/8% Series due 1993 

					
					
						Twelfth Supplemental 

					4,500,000 
				
	
					
						4.55% Series due 1994

					
					
						Tenth Supplemental 

					4,000,000 
				
	
					
						10 1/8% Series due 1995

					
					
						Sixteenth Supplemental 

					10,000,000 
				
	
					
						5 1/2% Series due 1996

					
					
						Eleventh Supplemental 

					4,000,000 
				
	
					
						7 7/8% Series due 1997 

					
					
						Fifteenth Supplemental 

					5,000,000 
				
	
					
						8.44% Series due 1997 

					
					
						Twenty-Third Supplemental 

					12,000,000 
				
	
					
						9.20% Series due 2001 

					
					
						Seventeenth Supplemental 

					7,000,000 
				
	
					
						8.40% Series due 2002 

					
					
						Eighteenth Supplemental 

					10,000,000 
				
	
					
						12.45% Series due 2003 

					
					
						Twentieth Supplemental 

					10,000,000 
				
	
					
						13% Series due 2005 

					
					
						Twenty-First Supplemental 

					8,000,000 
				
	
					
						10.65% Series due 2006 

					
					
						Twenty-Second Supplemental 

					10,000,000 
				
	
					
						9.89% Series due 2008 

					
					
						Twenty-Fourth Supplemental 

					5,000,000 
				
	
					
						9.12% Series due 2010

					
					
						Twenty-Fifth Supplemental

					20,000,000 
				
	
					
						8 7/8% Series due 2010

					
					
						Nineteenth Supplemental

					8,000,000 
				
	
					
						9.93% Series due 2013

					
					
						Twenty-Fourth Supplemental

					5,000,000 
				
	
					
						9.97% Series due 2018

					
					
						Twenty-Fourth Supplemental

					5,000,000 
				

		
			 
		

		
			; and
		

		
			WHEREAS, all of the bonds of each of said series are presently outstanding other than the bonds of the 3 1/4% Series due 1971, all of which were redeemed on December 31, 1970, the bonds of the 9 5/8% Series due 1975, all of which were paid at maturity on June 15, 
		

		 

		

			-2-

		

 

		1975, the bonds of the 9.15% Series due 1977, all of which were paid at maturity on November 1, 1977, the bonds of the 3% Series due 1978, all of which were paid at maturity on July 1, 1978, the bonds of the 3 3/8% Series due 1982, all of which were paid at maturity on July 1, 1982, the bonds of the 3.90% Series due 1983, all of which were paid at maturity on July 1, 1983, the bonds of the 3 1/2% Series due 1986, all of which were paid at maturity on January 1, 1986, the bonds of the 4 1/2% Series due 1987, all of which were paid at maturity on January 1, 1987, the bonds of the 4 1/8% Series due 1988, all of which were paid at maturity on May 1, 1988, the bonds of the 5% Series due 1989, all of which were paid at maturity on September 1, 1989, the bonds of the 4 5/8% Series due 1991, all of which were paid at maturity on May 1, 1991, the bonds of the 10 1/8% Series due 1995, $5,250,000 principal amount of which has been redeemed by operation of the Sinking Fund and the concurrent redemption privilege as provided in the Sixteenth Supplemental Indenture, the bonds of the 9.20% Series due 2001, $3,150,000 principal amount of which has been redeemed by operation of the Sinking Fund and the concurrent redemption privilege as provided in the Seventeenth Supplemental Indenture and the bonds of the 8.40% Series due 2002, $4,050,000 principal amount of which has been redeemed by operation of the Sinking Fund and the concurrent redemption privilege as provided in the Eighteenth Supplemental Indenture; and
		

		
			WHEREAS, the Original Indenture and said Supplemental Indentures were duly recorded in the Commonwealth of Pennsylvania on the dates and in the office for the Recording of Deeds for the following counties in the Mortgage Books and at the pages indicated in the following table: 
		

			
					
						 

					
					
						 

					
					
						Bucks

					
					
						Chester

					
					
						Delaware

					
					
						Montgomery

				
	
					
						Indenture

					
					
						Date of Recording

					
					
						Book

					
					
						Page

					
					
						Book

					
					
						Page

					
					
						Book

					
					
						Page

					
					
						Book

					
					
						Page

				
	
					
						Original

					
					
						2/20/41

					
					
						496

					
					
						1

					
					
						H-13.Vol.307

					
					
						20

					
					
						1034

					
					
						1

					
					
						1625

					
					
						1

				
	
					
						First Supplemental

					
					
						8/26/48

					
					
						632

					
					
						1

					
					
						F-16.Vol.380

					
					
						200

					
					
						1668

					
					
						169

					
					
						2031

					
					
						257

				
	
					
						Second Supplemental

					
					
						7/1/52

					
					
						768

					
					
						438

					
					
						18.Vol.425

					
					
						186

					
					
						1962

					
					
						376

					
					
						2360

					
					
						517

				
	
					
						Third Supplemental

					
					
						11/25/53

					
					
						895

					
					
						1

					
					
						18.Vol.442

					
					
						325

					
					
						2052

					
					
						1

					
					
						2493

					
					
						1

				
	
					
						Fourth Supplemental

					
					
						1/9/56

					
					
						1089

					
					
						155

					
					
						Z-20.Vol.499

					
					
						1

					
					
						2199

					
					
						1

					
					
						2722

					
					
						425

				
	
					
						Fifth Supplemental

					
					
						3/20/57

					
					
						1181

					
					
						316

					
					
						B-22.Vol.536

					
					
						601

					
					
						2294

					
					
						50

					
					
						2850

					
					
						335

				
	
					
						Sixth Supplemental

					
					
						5/9/58

					
					
						1254

					
					
						1

					
					
						G-23

					
					
						201

					
					
						2380

					
					
						039

					
					
						2952

					
					
						289

				
	
					
						Seventh Supplemental

					
					
						9/25/59

					
					
						1332

					
					
						509

					
					
						B-25

					
					
						109

					
					
						2442

					
					
						1

					
					
						3090

					
					
						249

				
	
					
						Eighth Supplemental

					
					
						5/9/61

					
					
						-

					
					
						-

					
					
						Z-26

					
					
						17

					
					
						2526

					
					
						312

					
					
						-

					
					
						-

				
	
					
						Eighth Supplemental

					
					
						5/10/61

					
					
						1409

					
					
						225

					
					
						-

					
					
						-

					
					
						-

					
					
						-

					
					
						3249

					
					
						289

				
	
					
						Ninth Supplemental

					
					
						4/10/62

					
					
						1458

					
					
						372

					
					
						G-28

					
					
						126

					
					
						2581

					
					
						463

					
					
						3307

					
					
						169

				
	
					
						Tenth Supplemental

					
					
						3/19/64

					
					
						1568

					
					
						1

					
					
						M-30

					
					
						967

					
					
						2976

					
					
						1043

					
					
						3310

					
					
						237

				
	
					
						Eleventh Supplemental

					
					
						11/4/66

					
					
						1655

					
					
						695

					
					
						Q-32

					
					
						6682

					
					
						762

					
					
						223

					
					
						3549

					
					
						129

				

		 

		

			-3-

		

 

			
					
						Twelfth Supplemental

					
					
						1/23/68

					
					
						1691

					
					
						531

					
					
						N-33

					
					
						219

					
					
						2792

					
					
						708

					
					
						3542

					
					
						315

				
	
					
						Thirteenth Supplemental

					
					
						7/2/70

					
					
						1763

					
					
						1167

					
					
						D-35

					
					
						80

					
					
						2850

					
					
						301

					
					
						3687

					
					
						23

				
	
					
						Fourteenth Supplemental

					
					
						11/5/70

					
					
						1774

					
					
						331

					
					
						K-35

					
					
						713

					
					
						2858

					
					
						3113

					
					
						700

					
					
						548

				
	
					
						Fifteenth Supplemental

					
					
						12/11/72

					
					
						1869

					
					
						196

					
					
						O-37

					
					
						998

					
					
						2926

					
					
						550

					
					
						3786

					
					
						96

				
	
					
						Sixteenth Supplemental

					
					
						5/28/75

					
					
						1979

					
					
						14

					
					
						E-44

					
					
						77

					
					
						3005

					
					
						511

					
					
						4010

					
					
						307

				
	
					
						Seventeenth Supplemental

					
					
						12/18/77

					
					
						2072

					
					
						683

					
					
						L-51

					
					
						1

					
					
						3072

					
					
						43

					
					
						5002

					
					
						436

				
	
					
						Eighteenth Supplemental

					
					
						4/29/77

					
					
						2082

					
					
						567

					
					
						B-52

					
					
						344

					
					
						3078

					
					
						728

					
					
						5003

					
					
						291

				
	
					
						Nineteenth Supplemental

					
					
						6/23/80

					
					
						2303

					
					
						714

					
					
						J-62

					
					
						92

					
					
						3261

					
					
						293

					
					
						5030

					
					
						502

				
	
					
						Twentieth Supplemental

					
					
						8/2/83

					
					
						2487

					
					
						370

					
					
						D-72

					
					
						1

					
					
						96

					
					
						810

					
					
						5662

					
					
						1045

				
	
					
						Twenty-First Supplemental

					
					
						8/27/85

					
					
						2690

					
					
						806

					
					
						54

					
					
						550

					
					
						-

					
					
						-

					
					
						5864

					
					
						1347

				
	
					
						Twenty-First Supplemental

					
					
						8/28/85

					
					
						-

					
					
						 

					
					
						-

					
					
						-

					
					
						264

					
					
						159

					
					
						-

					
					
						-

				
	
					
						Twenty-Second Supplemental

					
					
						4/22/86

					
					
						2774

					
					
						160

					
					
						263

					
					
						275

					
					
						326

					
					
						592

					
					
						5944

					
					
						360

				
	
					
						Twenty-Third Supplemental

					
					
						4/1/87

					
					
						2960

					
					
						693

					
					
						-

					
					
						-

					
					
						-

					
					
						-

					
					
						-

					
					
						-

				
	
					
						Twenty-Third Supplemental

					
					
						4/2/87

					
					
						-

					
					
						-

					
					
						680

					
					
						337

					
					
						447

					
					
						1807

					
					
						6115

					
					
						602

				
	
					
						Twenty-Fourth Supplemental

					
					
						7/25/88

					
					
						3199

					
					
						1095

					
					
						1224

					
					
						389

					
					
						0593

					
					
						0585

					
					
						6324

					
					
						143

				
	
					
						Twenty-Fifth Supplemental

					
					
						1/12/90

					
					
						0136

					
					
						0250

					
					
						1848

					
					
						205

					
					
						731

					
					
						1571

					
					
						6538

					
					
						376

				

		
			 
		

		
			; and
		

		
			WHEREAS, the lien of the Original Indenture as supplemented has been perfected as a security interest under the Pennsylvania Uniform Commercial Code by filing a financing statement in the office of the Secretary of the Commonwealth; and
		

		
			WHEREAS, the Company proposes to create under the Original Indenture as supplemented three new series of bonds to be designated “First Mortgage Bonds, 9.29% Series due 2026”, “First Mortgage Bonds, 9.17% Series due 2021” and “First Mortgage Bonds, 9.17% Series due 2011”  (these Series of bonds are respectively referred to individually as the “9.29% Series due 2026”, the “9.17% Series due 2021” and the “9.17% Series due 2011”, and collectively as the “Bonds”) to be limited in aggregate principal amount to $12,000,000, $8,000,000, and $5,000,000, respectively, to be issued only as registered bonds without coupons, to be dated as provided in the Original Indenture, to bear interest at the rates of 9.29%, 9.17% and 9.17% per annum, respectively, and to mature on September 15, 2026, September 15, 2021, and September 15, 2011; and
		

		

		

		 

		

			-4-

		

 

		WHEREAS, the Company proposes to issue $12,000,000 principal amount of the bonds of the 9.29% Series due 2026, $8,000,000 principal amount of the bonds of the 9.17% Series due 2021 and $5,000,000 principal amount of the bonds of the 9.17% Series due 2 011 under the provisions of Article IV of the Original Indenture, and will comply with the provisions thereof as well as with other provisions of the Original Indenture and indentures supplemental thereto in connection with the issuance of additional bonds so that it will be entitled to procure the authentication and delivery of the Bonds; and
		

		
			WHEREAS, Article XVIII of the Original Indenture provides that the Company, when authorized by resolution of its Board of Directors, may with the Trustee enter into an indenture supplemental to the Original Indenture, which thereafter shall form a part of the Original Indenture, for the purposes, inter alia, of subjecting to the lien of the Original Indenture additional property, of defining the covenants and provisions applicable to any bonds of any series other than the 3 1/4% Series due 1971, of adding to the covenants and agreements of the Company contained in the Original Indenture other covenants and agreements thereafter to be observed by the Company, of surrendering any right or power in the Original Indenture reserved to or conferred upon the Company, and of making such provisions in regard to matters or questions arising under the Original Indenture as may be necessary or desirable and not inconsistent therewith; and
		

		
			WHEREAS, in addition to the property described in the Original Indenture and the First, Second, Third, Fourth, Fifth, Sixth, Seventh, Eighth, Ninth, Tenth, Eleventh, Twelfth, Thirteenth,  Fourteenth,  Fifteenth, Sixteenth, Seventeenth, Eighteenth, Nineteenth, Twentieth, Twenty-First, Twenty-Second, Twenty-Third, Twenty-Fourth and Twenty-Fifth Supplemental Indentures the Company has acquired certain other property and desires to confirm the lien of the Original Indenture thereon; and
		

		
			WHEREAS, the Company, by proper corporate action, has duly authorized the creation of said three new series of Bonds (to be issued in accordance with the terms and provisions of the Original Indenture and indentures supplemental thereto, including this Twenty-Sixth Supplemental Indenture, and to be secured by said Original Indenture and indentures supplemental thereto, including this Twenty-Sixth Supplemental Indenture); and has further duly authorized the execution, delivery and recording of this Twenty-Sixth Supplemental Indenture setting forth the terms and provisions of the Bonds insofar as said terms and provisions are not set forth in said Original Indenture; and
		

		
			WHEREAS, the Bonds and the Trustee’ s certificate upon said Bonds are to be substantially in the forms following - the proper amount, names of registered owners and numbers to be inserted therein, and such appropriate insertions, omissions and changes to be made therein as may be required or permitted by this Indenture to conform to any pertinent law or usage:
		

		

		

		 

		

			-5-

		

 

		No.  R- $___________
		

		
			PHILADELPHIA SUBURBAN WATER 
COMPANY
		

		
			 
		

		
			(Incorporated under the Laws of the Commonwealth 
of Pennsylvania)
		

		
			 
		

		
			First Mortgage Bond, ____% Series Due ____
		

		
			Philadelphia Suburban Water Company, a corporation organized and existing under the laws of the Commonwealth of Pennsylvania (hereinafter called the “Company”, which term shall include any successor corporation as defined in the Indenture hereinafter referred to), for value received, hereby promises to pay to ____________ or its registered assigns, on the fifteenth day September, __________, at the corporate trust office of CoreStates Bank, N.A. in the City of Philadelphia, Pennsylvania, the sum of _________________________ in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts and to pay interest thereon at said office to the registered owner hereof from the interest payment date next preceding the date of this bond (or if this bond be dated prior to March 15, 1992, from the date hereof) until the principal hereof shall become due and payable, at the rate of __________ percent (____%) per annum, payable semiannually in like coin or currency on the fifteenth day of March and the fifteenth day of September in each year and to pay interest on overdue principal (including any overdue required or optional prepayment of principal) and premium, if any, and, to the extent legally enforceable, on any overdue installment of interest at a rate of ___% per annum after maturity whether by acceleration or otherwise until paid.
		

		
			The interest so payable will (except as otherwise provided in the Twenty-Sixth Supplemental Indenture referred to herein) be calculated on the basis of a 360-day year of twelve 30-day months and be paid to the person in whose name this bond (or a bond or bonds in exchange for which this bond was issued) is registered at the close of business on the first day of the calendar month in which the interest payment date occurs or, if such day is not a business day, on the next preceding business day (a “record date”) and principal, premium, if any, and interest on this Bond shall be paid in accordance with written payment instructions of the registered owner delivered to the Trustee on or before such record date.
		

		
			This bond is one of a duly authorized issue of bonds of the Company known as its First Mortgage Bonds, issued and to be issued without limitation as to aggregate principal amount except as set forth in the Indenture hereinafter mentioned in one or more series and equally secured (except insofar as a sinking fund or other similar fund established in accordance with the provisions of the Indenture may afford additional security for the bonds of any specific series) by an Indenture of Mortgage (herein called the “Indenture”) dated as of January 1, 1941, executed by the Company to The Pennsylvania Company for Insurances on Lives and Granting Annuities (now CoreStates Bank, N.A.), as Trustee (hereinafter called the “Trustee”), to which 
		

		 

		

			-6-

		

 

		Indenture and all indentures supplemental thereto reference is hereby made for a description of the property mortgaged and pledged, the nature and extent of the security, the rights of the holders and registered owners of the bonds and of the Trustee in respect of such security, and the terms and conditions under which the bonds are and are to be secured and may be issued under the Indenture; but neither the foregoing reference to the Indenture nor any provision of this bond or of the Indenture or of any indenture supplemental thereto shall affect or impair the obligation of the Company, which is absolute and unconditional, to pay at the stated or accelerated maturity herein and in the Indenture provided, the principal of and interest on this bond as herein provided.  As provided in the Indenture, the bonds may be issued in series for various principal amounts, may bear different dates and mature at different times, may bear interest at different rates and may otherwise vary as in the Indenture provided or permitted.  This bond is one of the bonds described in an indenture supplemental to said Indenture known as the “Twenty-Sixth Supplemental Indenture” dated as of November 1, 1991, and designated therein as “First Mortgage Bonds, __% Series due __ (the “bonds of the ___% series due ____”) .
		

		
			To the extent permitted by and as provided in the Indenture, modifications or alterations of the Indenture, or of any indenture supplemental thereto, and of the rights and obligations of the Company and of the holders and registered owners of bonds issued and to be issued thereunder may be made with the consent of the Company by an affirmative vote of the holders and registered owners of not less than 75% in principal amount of bonds then outstanding under the Indenture and entitled to vote, at a meeting of the bondholders called and held as provided in the Indenture, and, in case one or more but less than all of the series of bonds then outstanding under the Indenture are so affected, by an affirmative vote of the holders and registered owners of not less than 75% in principal amount of bonds of any series then outstanding under the Indenture and entitled to vote on and affected by such modification or alteration, or by the written consent of the holders and registered owners of such percentages of bonds; provided, however, that no such modification or alteration shall be made which shall reduce the percentage of bonds the consent of the holders or registered owners of which is required for any such modification or alteration or which shall affect the terms of payment of the principal of or interest on the bonds, or permit the creation by the Company of any lien prior to or on a parity with the lien of the Indenture with respect to any property subject to the lien of the Indenture as a first mortgage lien thereon, or which shall affect the rights of the holders or registered owners of less than all of the bonds of any series affected thereby.
		

		
			Insert in bonds of the 9.17% series due 2 021 only - The bonds of the 9.17% series due 2021 are subject to redemption prior to maturity in part on September 15 of each year, commencing September 15, 2002, pursuant to the terms of a sinking fund provided in Twenty-Sixth Supplemental Indenture at a price equal to one hundred percent (100%) of the principal amount of the bonds to be redeemed, together with unpaid interest accrued to the date fixed for redemption.
		

		
			The bonds of the _____% series due _____ are subject to redemption at the option of the Company on or after September 15, 2001, either as a whole or in part, on any interest payment date in coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts at a redemption price equal to the principal amount of bonds of the _____% series due _____ to be redeemed plus interest thereon to the date of redemption plus a premium, as provided in the Twenty-Sixth Supplemental Indenture.
		

		

		

		 

		

			-7-

		

 

		The bonds of the ____% series due ____ are subject to mandatory redemption (i) in connection with the sale to or other acquisition by or on behalf of one or more governments or municipal corporations or other governmental subdivisions, bodies, authorities or agencies of all or substantially all of the property of the Company, or (ii) in connection with any voluntary or involuntary liquidation, dissolution or winding up of the Company, occurring in connection with or subsequent to the acquisition of all or substantially all of the stock of the Company ordinarily entitled to voting rights by or on behalf of one or more governments or municipal corporations or other governmental subdivisions, bodies, authorities or agencies.  In such a mandatory redemption the bonds of the ____% series due ____ are redeemable in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts, at one hundred per cent (100%) of the principal amount thereof, together with interest accrued thereon to the date fixed for redemption.
		

		
			Any redemption shall be effected by notice mailed, to the registered owners thereof, as provided in the Indenture, at least thirty (30) days before the redemption date, all on the conditions and in the manner provided in the Indenture.
		

		
			If this bond or any portion hereof is called for redemption and payment thereof is duly provided for as specified in the Indenture, interest shall cease to accrue hereon or on such portion, as the case may be, from and after the date fixed for redemption.
		

		
			The principal hereof may be declared or may become due prior to its maturity date on the conditions, in the manner and with the effect set forth in the Indenture upon the happening of an event of default, as in the Indenture provided; subject, however, to the right, under certain circumstances, of the registered owners of a majority in principal amount of bonds of the ___% series due ____ outstanding to annul such declaration.
		

		
			This bond is transferable by the registered owner hereof in person or by attorney duly authorized in writing, on books of the Company to be kept for that purpose at the principal corporate trust office of the Trustee in the City of Philadelphia, Pennsylvania, upon surrender hereof for cancellation at such office and upon presentation of a written instrument of transfer duly executed, and thereupon the Company shall issue in the name of the transferee or transferees, and the Trustee shall authenticate and deliver, a new bond or bonds in authorized denominations, of equal aggregate unpaid principal amount.  Any such transfer or exchange shall be subject to the terms and conditions and to the payment of the charges specified in the Indenture.
		

		
			The Company and the Trustee may deem and treat the registered owner of this bond as the absolute owner hereof for the purpose of receiving payment of or on account of the principal hereof and the interest hereon, and for all other purposes, and shall not be affected by any notice to the contrary.
		

		
			No recourse shall be had for the payment of the principal of or interest on this bond or for any claim based hereon or otherwise in respect hereof or of the Indenture or of any indenture supplemental thereto against any incorporator or any past, present or future stockholder, officer or director of the Company or of any predecessor or successor corporation, as such, either directly or through the Company, or through any such predecessor or successor 
		

		 

		

			-8-

		

 

		corporation or through any receiver or trustee in bankruptcy, by virtue of any constitutional provision, statute or rule of law or equity, or by the enforcement of any assessment or penalty or otherwise; all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released by every holder or registered owner hereof, as more fully provided in the Indenture.
		

		
			This bond shall not be entitled to any benefit under the Indenture or any indenture supplemental thereto, or become valid or obligatory for any purpose, until CoreStates Bank, N.A., as Trustee under the Indenture, or a successor trustee thereunder, shall have signed the certificate of authentication endorsed hereon.
		

		
			IN WITNESS WHEREOF, Philadelphia Suburban Water Company has caused this bond to be signed by its President or a Vice President and its corporate seal to be hereto affixed and attested by its Secretary or an Assistant Secretary, and this bond to be dated
		

		
			PHILADELPHIA SUBURBAN
Attest:
WATER COMPANY
		

		
			 
		

		
			__________________________By:______________________________
		

		
			Assistant SecretaryVice President and Treasurer
		

		
			 
		

		
			 
		

		
			[Form of Trustee’s Certificate]
		

		
			This bond is one of the bonds, of the series designated therein, referred to in the within-mentioned Twenty-Sixth Supplemental Indenture.
		

		
			CORESTATES BANK, N.A., TRUSTEE
		

		
			 
		

		
			 
		

		
			By:_____________________________
		

		
			Authorized Officer
		

		
			 
		

		
			and;
		

		
			WHEREAS, all acts and things necessary to make the Bonds, when executed by the Company and authenticated and delivered by the Trustee as in this Twenty-Sixth Supplemental Indenture provided and issued by the Company, valid, binding and legal obligations of the Company, and this Twenty-Sixth Supplemental Indenture a valid and enforceable supplement to said Original Indenture, have been done, performed and fulfilled, and the execution of this Twenty-Sixth Supplemental Indenture has been in all respects duly authorized:
		

		
			NOW, THEREFORE, THIS TWENTY-SIXTH SUPPLEMENTAL INDENTURE WITNESSETH: That, in order to secure the payment of the principal and interest of all bonds issued under the Original Indenture and all indentures supplemental thereto, according to their tenor and effect, and according to the terms of the Original Indenture and of any indenture supplemental thereto, and to secure the performance of the covenants and 
		

		 

		

			-9-

		

 

		obligations in said bonds and in the Original Indenture and any indenture supplemental thereto respectively contained, and to provide for the proper issuing, conveying and confirming unto the Trustee, its successors in said trust and its and their assigns forever, upon the trusts and for the purposes expressed in the Original Indenture and in any indenture supplemental thereto, all and singular the estates, property and franchises of the Company thereby mortgaged or intended so to be, the Company, for and in consideration of the premises and of the sum of One Dollar ($1.00) in hand paid by the Trustee to the Company upon the execution and delivery of this Twenty-Sixth Supplemental Indenture, receipt whereof is hereby acknowledged, and of other good and valuable consideration, has granted, bargained, sold, aliened, enfeoffed, released and confirmed and by these presents does grant, bargain, sell, alien, enfeoff, release and confirm unto CoreStates Bank, N.A., as Trustee, and to its successors in said trust and its and their assigns forever:
		

		
			All and singular the premises, property, assets, rights and franchises of the Company, whether now or hereafter owned, constructed or acquired, of whatever character and wherever situated (except as herein expressly excepted), including among other things the following, but reference to or\enumeration of any particular kinds, classes, or items of property shall not be deemed to exclude from the operation and effect of the Original Indenture or any indenture supplemental thereto any kind, class or item not so referred to or enumerated:
		

		
			I.

REAL ESTATE AND WATER RIGHTS.
		

		
			The real estate described in the deeds from the grantors named in Exhibit A hereto, dated and recorded as therein set forth, and any other real estate and water rights acquired since the date of the Twenty-Fifth Supplemental Indenture.
		

		
			II.

BUILDINGS AND EQUIPMENT.
		

		
			All mains, pipes, pipe lines, service pipes, buildings, improvements, standpipes, reservoirs, wells, flumes, sluices, canals, basins, cribs, machinery, conduits, hydrants, water works, plants and systems, tanks, shops, structures, purification systems, pumping stations, fixtures, engines, boilers, pumps, meters and equipment which are now owned or may hereafter be acquired by the Company (except as herein expressly excepted), including all improvements, additions and extensions appurtenant to any real or fixed property now or hereafter subject to the lien of the Original Indenture or any indenture supplemental thereto which are used or useful in connection with the business of the Company as a water company or as a water utility, whether any of the foregoing property is now owned or may hereafter be acquired by the Company.
		

		
			It is hereby declared by the Company that all property of the kinds described in the next preceding paragraph, whether now owned or hereafter acquired, has been or is or will be owned or acquired with the intention of using the same in carrying on the business or branches of the business of the Company, and it is hereby declared that it is the intention of the Company 
		

		 

		

			-10-

		

 

		that all thereof (except property hereinafter specifically excepted) shall be subject to the lien of the Original Indenture.
		

		
			It is agreed by the Company that so far as may be permitted by law tangible personal property now owned or hereafter acquired by the Company, except such as is hereafter expressly excepted from the lien hereof, shall be deemed to be and construed as fixtures and appurtenances to the real property of the Company.
		

		
			III.

FRANCHISES AND RIGHTS OF WAY.
		

		
			All the corporate and other franchises of the Company, all water and flowage rights, riparian rights, easements and rights of way, and all permits, licenses, rights, grants, privileges and immunities, and all renewals, extensions, additions or modifications of any of the foregoing, whether the same or any thereof, or any renewals, extensions, additions or modifications thereof, are now owned or may hereafter be acquired, owned, held, or enjoyed by the Company.
		

		
			IV.

AFTER ACQUIRED PROPERTY.
		

		
			All real and fixed property and all other property of the character hereinabove described which the Company may hereafter acquire.
		

		
			TOGETHER WITH all and singular the tenements, hereditaments and appurtenances belonging or in any way appertaining to the aforesaid property or any part thereof, with the reversion and reversions, remainder and remainders, tolls, rents, revenues, issues, income, product and profits thereof, and all the estate, right, title, interest and claim whatsoever, at law as well as in equity, which the Company now has or may hereafter acquire in and to the aforesaid premises, property, rights and franchises and every part and parcel thereof.
		

		
			EXCEPTING AND RESERVING, HOWEVER, certain premises, not used or useful in the supplying of water by the Company, expressly excepted and reserved from the lien of the Original Indenture and not subject to the terms thereof.
		

		
			AND ALSO SAVING AND EXCEPTING from the property hereby mortgaged and pledged, all of the following property (whether now owned by the Company or hereafter acquired by it):  All bills, notes and accounts receivable, cash on hand and in banks, contracts, chooses in action and leases to others (as distinct from the property leased and without limiting any rights of the Trustee with respect thereto under any of the provisions of the Original Indenture or of any indenture supplemental thereto), all bonds, obligation, evidences of indebtedness, shares of stock and other securities, and certificates or evidences of interest therein, all automobiles, motor trucks, and other like automobile equipment and all furniture, and all equipment, materials, goods, merchandise and supplies acquired for the purpose of sale in the ordinary course of business or for consumption in the operation of any properties of the Company other than any of the foregoing which may be specifically transferred or assigned to or 
		

		 

		

			-11-

		

 

		pledged or deposited with the Trustee hereunder or required by the provisions of the Original Indenture or any indenture supplemental thereto so to be; provided, however, that if, upon the happening of a completed default, as specified in Section 1 of Article XI of the Original Indenture, the Trustee or any receiver appointed hereunder shall enter upon and take possession of the mortgaged property, the Trustee or any such receiver may, to the extent permitted by law, at the same time likewise take possession of any and all of the property described in this paragraph then on hand and any and all other property of the Company then on hand, not described or referred to in the foregoing granting clauses, which is used or useful in connection with the business of the Company as a water company or as a water utility, and use and administer the same to the same extent as if such property were part of the mortgaged property, unless and until such completed default shall be remedied or waived and possession of the mortgaged property restored to the Company, its successors or assigns.
		

		
			SUBJECT, HOWEVER, to the exceptions,  reservations and matters hereinabove and in the Original Indenture recited, to releases executed since the date of the Original Indenture in accordance with the provisions thereof, to existing leases, to easements and rights of way for pole lines and electric transmission lines and other similar encumbrances and restrictions which the Company hereby certifies,  in its judgment, do not impair the use of said property by the Company in its business, to liens existing on or claims against, and rights in and relating to, real estate acquired for right-of-way purposes, to taxes and assessments not delinquent, to alleys, streets and highways that may run across or encroach upon said lands, to liens, if any, incidental to construction, and to Permitted Liens, as defined in the Original Indenture; and, with respect to any property which the Company may hereafter acquire, to all terms, conditions, agreements, covenants, exceptions and reservations expressed or provided in such deeds and other instruments, respectively, under and by virtue of which the Company shall hereafter acquire the same and to any and all liens existing thereon at the time of such acquisition.
		

		
			TO HAVE AND TO HOLD, all and singular the property, rights, privileges and franchises hereby conveyed, transferred or pledged or intended so to be unto the Trustee and its successors in the trust heretofore and hereby created, and its and their assigns forever.
		

		
			IN TRUST NEVERTHELESS, for the equal pro rata benefit and security of each and every person or corporation who may be or become the holders of bonds and coupons secured by the Original Indenture or by any indenture supplemental thereto, or both, without preference, priority or distinction as to lien or otherwise of any bond or coupon over or from any other bond or coupon, so that each and every of said bonds and coupons issued or to be issued, of whatsoever series, shall have the same right, lien and privilege under the Original Indenture and all indentures supplemental thereto and shall be equally secured hereby and thereby, with the same effect as if said bonds and coupons had all been made, issued and negotiated simultaneously on the date thereof; subject, however, to the provisions with reference to extended, transferred or pledged coupons and claims for interest contained in the Original Indenture and subject to any sinking or improvement fund or maintenance deposit provisions, or both, for the benefit of any particular series of bonds.
		

		
			IT IS HEREBY COVENANTED, DECLARED AND AGREED, by and between the parties hereto, that all such bonds and coupons are to be authenticated, delivered and issued, and that all property subject or to become subject hereto is to be held subject to the further 
		

		 

		

			-12-

		

 

		covenants, conditions, uses and trusts hereinafter set forth, and the Company, for itself and its successors and assigns, does hereby covenant and agree to and with the Trustee and its successor or successors in said trust, for the benefit of those who shall hold said bonds and coupons, or any of them, issued under this Indenture or any indenture supplemental hereto, or both, as follows:
		

		
			ARTICLE I.

Form, Authentication and Delivery of the Bonds;
Redemption Provisions
		

		
			SECTION 1.There shall be a twenty-ninth series of bonds, limited in aggregate principal amount to $12,000,000 designated as “Philadelphia Suburban Water Company First Mortgage Bonds, 9.29% Series due 2026”, a thirtieth series of bonds, limited in aggregate principal amount to $8,000,000 designated as “Philadelphia Suburban Water Company First Mortgage Bonds, 9.17% Series due 2021” and a thirty-first series of bonds, limited in aggregate principal amount to $5,000,000 designated as “Philadelphia Suburban Water Company First Mortgage Bonds, 9.17% Series due 2 011” (sometimes the twenty-ninth, thirtieth and thirty-first series of bonds are herein referred to individually as the “9.29% Series due 2026”, the “9.17% Series due 2021” and the “9.17% Series due 2011”, respectively, and collectively as the “Bonds”).
		

		
			Interest on the Bonds shall be payable semiannually on March 15 and September 15 of each year (each an “interest payment date”), commencing March 15, 1992.  Each Bond shall be dated the date of its authentication and shall bear interest from the interest payment date next preceding its date, unless authenticated on an interest payment date,  in which case it shall bear interest from such interest payment date, or, unless authenticated prior to the first interest payment date for the Bonds, in which case it shall bear interest from the date of original authentication and delivery of the Bonds; provided, however, that if at the time of authentication of any Bond interest on the predecessor Bond of such Bond is in default, such Bond shall bear interest from the date to which interest has been paid, or, if no interest has been paid from the date of original authentication and delivery of the Bonds.  The Bonds shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) and shall bear interest at the rates set forth below:
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Principal Amount

					
					
						Date of Maturity

					
					
						Interest Rate

				
	$12,000,000 
					
					
						September 15, 2026

					
					
						9.29%

				
	8,000,000 
					
					
						September 15, 2021

					
					
						9.17%

				
	5,000,000 
					
					
						September 15, 2011

					
					
						9.17%

				
	
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			Principal of any Bond, premium, if any, thereon and, to the extent legally enforceable, any installment of interest not paid when due shall bear interest at a rate equal to the rate borne by such Bond plus one percent (1%).
		

		
			The Bonds shall be issuable only as registered bonds without coupons, shall be in the form hereinabove recited, in the denomination of Five Thousand Dollars ($5,000) or any 
		

		 

		

			-13-

		

 

		multiple thereof, shall be lettered “R”, and shall bear such numbers as the Company may reasonably require.
		

		
			The principal of, and premium, if any, and interest on the Bonds shall be payable at the corporate trust office of the Trustee in the City of Philadelphia, Pennsylvania, in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts; provided, however, that each installment of interest may be paid by check to the order of the person entitled thereto, mailed to such person’s address as the same appears on the books maintained for such purpose by or on behalf of the Company, or by bank wire transfer of immediately available funds pursuant to instructions incorporated in an agreement between such person and the Trustee or the Company.
		

		
			The person in whose name any Bond is registered at the close of business on any record date (as hereinafter defined) with respect to any interest payment date shall be entitled to receive the interest payable on such interest payment date notwithstanding the cancellation of such Bond upon any transfer or exchange subsequent to the record date and prior to such interest payment date; provided, however, that if and to the extent the Company shall default in the payment of the interest due on such interest payment date, such defaulted interest shall be paid to the persons in whose names outstanding Bonds are registered at the close of business on a subsequent record date established by notice given by mail by or on behalf of the Company to the holders of Bonds not less than fifteen days preceding such subsequent record date, such record date to be not less than ten days preceding the date of payment of such defaulted interest.  The term “record date” as used in this Section 1 with respect to any regular interest payment date shall mean the first day of the calendar month in which such interest payment date occurs if such first day is a business day; if such first day is not a business day, the record date shall be the next preceding business day.
		

		
			Exchange of any Bonds shall be effected in accordance with the applicable provisions of Sections 7, 8 and 9 of Article II of the Original Indenture.
		

		
			The text of the Bonds and of the certificate of the Trustee upon such Bonds shall be, respectively, substantially of the tenor and effect hereinbefore recited.
		

		
			SECTION 2.The Company shall establish a Sinking Fund for the benefit and security of the bonds of the 9.17% Series due 2 021 and shall pay to the Trustee on or before the fifteenth day of September (the “Mandatory Redemption Date”) in each year commencing 2002 to and including 2020 a sum in cash sufficient to redeem on such Mandatory Redemption Date $400,000 principal amount of bonds of said series, which shall be applied on such Mandatory Redemption Date to the redemption of bonds of said series at one hundred percent (100%) of the principal amount thereof, together with interest accrued thereon to the date fixed for redemption.
		

		
			For the purposes of this Section 2, any redemption of less than all of the bonds of the 9.17% due 2021 pursuant to Section 3 hereof shall be applied to the scheduled principal payments of such series in inverse chronological order.
		

		
			SECTION 3.The Bonds of each series shall be redeemable at the option of the Company on or after September 15, 2 001, either as a whole or in part on any interest payment 
		

		 

		

			-14-

		

 

		date at one hundred percent (100%) of the principal amount thereof, together with interest accrued thereon to the date fixed for redemption, plus a premium equal to the “Make-Whole Premium” determined five (5) business days prior to the date fixed for redemption; provided, that the Company shall furnish notice to the Trustee and to each holder of the Bonds of such series by telecopy or other same day communication, on a date at least two business days prior to the date fixed for redemption of such series of the Make-Whole Premium, if any, applicable to such redemption and the calculations, in reasonable detail, used to determine the amount thereof.
		

		
			As used herein the following terms have the meanings set forth.
		

		
			“Make-Whole Premium” shall mean, in connection with any redemption of the Bonds of a series, the excess, if any, of (i) the aggregate present value as of the date of such redemption of each dollar of principal of the Bonds of such series being redeemed (taking into account in the case of the bonds of the 9.17% Series due 2021 the application of such redemption required by Section 2 of this Twenty-Sixth Supplemental Indenture) and the amount of interest (exclusive of interest accrued to the date of redemption) that would have been payable in respect of such dollar if such redemption had not been made, determined by discounting such amounts at the Reinvestment Rate from the respective dates on which they would have been payable, over (ii) 100% of the principal amount of the outstanding Bonds of such series being redeemed.  If the Reinvestment Rate is equal to or higher than the interest rate of such series of Bonds being redeemed, the Make-Whole Premium shall be zero.
		

		
			“Reinvestment Rate” shall mean the sum of (i) 0.5% plus (ii) the arithmetic mean of the yields under the respective headings “This Week” and “Last Week” published in the Statistical Release under the caption “Treasury Constant Maturities” for the maturity (rounded to the nearest month) corresponding to the Weighted Average Life to Maturity of the principal being redeemed (taking into account in the case of the bonds of the 9.17% Series due 2021 the application of such redemption required by Section 2 of this Twenty-Sixth Supplemental Indenture).  If no maturity exactly corresponds to such Weighted Average Life to Maturity, yields for the two published maturities most closely corresponding to such Weighted Average Life to Maturity shall be calculated pursuant to the immediately preceding sentence and the Reinvestment Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounding in each of such relevant periods to the nearest month.  For the purposes of calculating the Reinvestment Rate, the most recent Statistical Release published prior to the date of determination of the premium hereunder shall be used.
		

		
			“Statistical Release” shall mean the statistical release designated “H.15(519)” or any successor publication which is published weekly by the Federal Reserve System and which establishes yields on actively traded U.S. Government Securities adjusted to constant maturities or, if such statistical release is not published at the time of any determination hereunder, then such other reasonably comparable index which shall be designated by the holders of 66 2/3% in aggregate principal amount of the outstanding Bonds of the series being redeemed.
		

		
			“Weighted Average Life to Maturity” of the principal amount of Bonds of a series being redeemed shall mean, as of the time of any determination thereof, the number of years obtained by dividing the then Remaining Dollar-Years of the principal of the Bonds of such series being redeemed by the aggregate amount of such principal.  The term “Remaining Dollar-
		

		 

		

			-15-

		

 

		Years” of any such principal being redeemed shall mean the amount obtained by (i) multiplying (1) the amount by which each required repayment (including repayment at maturity) shall be reduced as a result of the redemption of such principal being redeemed (which redemption in the case of the bonds of the 9.17% Series due 2021 shall be applied as required by Section 2 of this Twenty-Sixth Supplemental Indenture) by (2) the number of years (calculated to the nearest one-twelfth) which will elapse between the date of determination and the date of that required repayment and (ii) totalling the products obtained in (i).
		

		
			SECTION 4.The Bonds shall be subject to mandatory redemption (i) in connection with the sale to or other acquisition by or on behalf of one or more governments or municipal corporations or other governmental subdivisions, bodies, authorities or agencies of all or substantially all of the property of the Company, or (ii) in connection with any voluntary or involuntary liquidation, dissolution or winding up of the Company, occurring in connection with or subsequent to the acquisition of all or substantially all of the stock of the Company ordinarily entitled to voting rights by or on behalf of one or more governments or municipal corporations or other governmental subdivisions, bodies, authorities or agencies.  The Bonds are redeemable in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts, at one hundred per cent (100%) of the principal amount thereof, together with interest accrued thereon to the date fixed for redemption.
		

		
			SECTION 5.Any redemption of the Bonds shall be effected in accordance with the provisions of Article V of the Original Indenture.
		

		
			SECTION 6.Bonds of the 9.29% Series due 2 02 6 in the aggregate principal amount of $12,000,000, bonds of the 9.17% Series due 2021 in the aggregate principal amount of $8,000,000 and bonds of the 9.17% Series due 2011 in the aggregate principal amount of $5,000,000 may be issued under the provisions of Article IV of the Original Indenture and may forthwith be executed by the Company and delivered to the Trustee and shall be authenticated by the Trustee and delivered to or upon the order of the Company, upon receipt by the Trustee of the resolutions, certificates, opinions or other instruments or all of the foregoing required to be delivered upon the issue of bonds pursuant to the provisions of the Original Indenture.
		

		
			ARTICLE II.

Maintenance or Improvement Deposit.
		

		
			SECTION 1.The Company covenants that it will deposit with the Trustee on or before the March 1 next occurring after the bonds of the 4.70% Series due 1992 cease to be outstanding, or on or before the March 1 next occurring after the bonds of the 4.55% Series due 1994 cease to be outstanding, or on or before the March 1 next occurring after the bonds of the 5 1/2% Series due 1996 cease to be outstanding, or on or before the March 1 next occurring after the bonds of the 6 7/8% Series due 1993 cease to be outstanding, or on or before the March 1 next occurring after the bonds of the 7 7/8% Series due 1997, cease to be outstanding, or on or before the March 1 next occurring after the bonds of the 10 1/8% Series due 1995 cease to be outstanding, or on or before the March 1 next occurring after the bonds of the 9.20% Series due 2001 cease to be outstanding, or on or before the March 1 next occurring after the bonds of the 8.40% Series due 2 002 cease to be outstanding, or on or before the March 1 next occurring after 
		

		 

		

			-16-

		

 

		the bonds of the 8 7/8% Series due 2010 cease to be outstanding, or on or before the March 1 next occurring after the bonds of the 12.45% Series due 2003 cease to be outstanding, or on or before the March 1 next occurring after the bonds of the 13% Series due 2005 cease to be outstanding, or on or before the March 1 next occurring after the bonds of the 10.65% Series due 2006 cease to be outstanding, or on or before the March 1 next occurring after the bonds of the 8.44% Series due 1997 cease to be outstanding or on or before the March 1 next occurring after the bonds of the 9.89% Series due 2008, or on or before the March 1 next occurring after the bonds of the 9.93% Series due 2013, or on or before the next March 1 next occurring after the bonds of the 9.97% Series due 2018 cease to be outstanding, or on or before the March 1 next occurring often the bonds of the 9.12% Series Due 2010 cease to be outstanding whichever is latest, and on or before March 1 in each year thereafter if and so long as any of the Bonds are outstanding, an amount in cash (the “Maintenance or Improvement Deposit”) equal to 9% of the Gross Operating Revenues of the Company during the preceding calendar year less, to the extent that the Company desires to take such credits, the following:
		

		
			(a)the amount actually expended for maintenance during such calendar year; and
		

		
			(b)the Cost or Fair Value, whichever is less, of Permanent Additions acquired during such calendar year which at the time of taking such credit constitute Available Permanent Additions; and
		

		
			(c)the unapplied balance, or any part thereof, of the Cost or Fair Value, whichever is less, of Available Permanent Additions acquired by the Company during the five calendar years preceding such calendar year and specified in the Officers’ Certificates delivered to the Trustee pursuant to Section 2 of this Article, but only to the extent that the Permanent Additions with respect to which such Cost or Fair Value was determined shall at the time of taking such credit constitute Available Permanent Additions.
		

		
			SECTION 2.The Company covenants that it will on or before March 1 in each year, beginning with the first deposit made with the Trustee under the provisions of Section 1 of this Article, as long as any of the Bonds are outstanding, deliver to the Trustee the following:
		

		
			(A)An Officers’ Certificate, which shall state:
		

		
			(i)The amount of the Gross Operating Revenues for the preceding calendar year;
		

		
			(ii)9% of such Gross Operating Revenues;
		

		
			(iii)The amount actually expended by the Company for maintenance during such calendar year;
		

		
			(iv)The amount set forth in subparagraph (xii) of each Officers’ Certificate delivered to the Trustee pursuant to the provisions of this Section during the preceding five calendar years (specifying each such Officers’ Certificate), after deducting from each such amount the aggregate of (a) the Cost 
		

		 

		

			-17-

		

 

		or Fair Value, whichever is less, of all Permanent Additions represented by such amount which have ceased to be Available Permanent Additions; and (b) any part of such amount for which the Company has previously taken credit against any Maintenance or Improvement Deposit (specifying the Officers’ Certificate in which such credit was taken); and (c) any part of such amount for which the Company then desires to take credit against the Maintenance or Improvement Deposit;
		

		
			(v)An amount which shall be the aggregate of all amounts set forth pursuant to the provisions of clause (c) of the foregoing subparagraph (iv);
		

		
			(vi)The Cost or Fair Value, whichever is less, of Available Permanent Additions acquired by the Company during the preceding calendar year;
		

		
			(vii)That part of the amount set forth in subparagraph (vi) which the Company desires to use as a credit against the Maintenance or Improvement Deposit;
		

		
			(viii)The amount of cash payable to the Trustee under the provisions of Section 1 of this Article, which shall be the amount by which the amount set forth in subparagraph (ii) hereof exceeds the sum of the amounts set forth in subparagraphs (iii), (v) and (vii) hereof;
		

		
			(ix)The sum of all amounts charged on the books of the Company against any reserve for retirement or depreciation during the preceding calendar year representing the aggregate of the Cost when acquired of any part of the Company’s plants and property of the character described in the granting clauses hereof which has been permanently retired or abandoned;
		

		
			(x)The aggregate of the amounts set forth in subparagraphs (v) and (vii) hereof;
		

		
			(xi)The amount by which the amount set forth in subparagraph (x) exceeds the amount set forth in subparagraph (ix), being the amount required to be deducted from the Cost or Fair Value of Available Permanent Additions in order to determine a Net Amount of Available Permanent Additions pursuant to the provisions of Section 9 of Article I of the Original Indenture;
		

		
			(xii)The amount set forth in subparagraph (vi) after deducting the amount, if any, set forth in subparagraph (vii); and
		

		
			(xiii)That all conditions precedent to the taking of the credit or credits so requested by the Company have been complied with.
		

		
			(B)In the event that the Officers’ Certificate delivered to the Trustee pursuant to the provisions of paragraph (A)  of this Section shall state, pursuant to the requirements of subparagraph (vi), the Cost or Fair Value of Available Permanent Additions acquired by the Company during the preceding calendar year, the documents specified in 
		

		 

		

			-18-

		

 

		paragraphs 2, 3, 5, 6 and 7 of subdivision (B) of Section 3 of Article IV of the Original Indenture, with such modifications, additions and omissions as may be appropriate in the light of the purpose for which they are used.
		

		
			(C)An amount in cash egual to the sum set forth in subparagraph (viii) of the Officers’ Certificate provided for in paragraph (A) hereof.
		

		
			SECTION 3.All cash deposited with the Trustee as part of any Maintenance or Improvement Deposit provided for in Section 1 of this Article, may, at the option of the Company, be applied to the purchase of bonds under the provisions of Section 2 of Article X of the original Indenture or to the redemption of bonds under the provisions of Section 3 of Article X of the Original Indenture or may be withdrawn by the Company at any time to reimburse the Company for the cost of a Net Amount of Available Permanent Additions (excluding, however, from any such Available Permanent Additions all Permanent Additions included in any certificate delivered to the Trustee for the purpose of obtaining a Credit against any Maintenance or Improvement Deposit provided for in Section 1 of this Article to the extent that such Permanent Additions have been used for any such credit).  The Trustee shall pay to or upon the written order of the Company all or any part of such cash upon the receipt by the Trustee of
		

		
			(a)A Resolution requesting such payment;
		

		
			(b)The documents specified in paragraphs 2, 5, 6 and 7 of subdivision (B) of Section 3 of Article IV of the Original Indenture, with such modifications, additions and omissions as may be appropriate in the light of the purposes for which they are used.
		

		
			ARTICLE III.

Covenants of the Company.
		

		
			SECTION 1.The Company hereby covenants and agrees with the Trustee, for the benefit of the Trustee and all the present and future holders of the Bonds, that the Company will pay the principal of and premium, if any, and interest on all bonds issued or to be issued as aforesaid under and secured by the Original Indenture as hereby supplemented, as well as all bonds which may be hereafter issued in exchange or substitution therefor, and will perform and fulfill all of the terms, covenants and conditions of the Original Indenture and of this Twenty-Sixth Supplemental Indenture with respect to the additional bonds to be issued under the Original Indenture as hereby supplemented.
		

		
			SECTION 2.The Company covenants and agrees that so long as any of the Bonds are outstanding (a) the Company will not make any Stock Payment if, after giving effect thereto, its retained earnings, computed in accordance with generally accepted accounting principles consistently applied, will be less than the sum of (i) Excluded Earnings, if any, since December 31, 1990, and (ii) $20,000,000; (b) Stock Payments made more than 40 days after the commencement, and prior to the expiration, of any Restricted Period shall not exceed 65% of the Company’s Net Income during such Restricted Period; and (c) the Company will not authorize a Stock Payment if there has occurred and is continuing an event of default under subsections (a) and (b) of Section 1 of Article XI of the Original Indenture.
		

		

		

		 

		

			-19-

		

 

		For the purposes of this Section 2 the following terms shall have the following meanings:
		

		
			“Stock Payment” shall mean any payment in cash or property (other than stock of the Company) to any holder of shares of any class of capital stock of the Company as such holder, whether by dividend or upon the purchase, redemption, conversion or other acquisition of such shares, or otherwise.
		

		
			“Excluded Earnings” shall mean 35% of the Company’s Net Income during any Restricted Period.
		

		
			“Restricted Period” shall mean a period commencing on any Determination Date on which the total Debt of the Company is, or as the result of any Stock Payment then declared or set aside and to be made thereafter will be, more than 70% of Capitalization, and continuing until the third consecutive Determination Date on which the total Debt of the Company does not exceed 70% of Capitalization.
		

		
			“Net Income” for any particular Restricted Period shall mean the amount of net income properly attributable to the conduct of the business of the Company for such Period, as determined in accordance with generally accepted accounting principles consistently applied, after payment of or provision for taxes on income for such Period.
		

		
			“Determination Date” shall mean the last day of each calendar quarter.  Any calculation with respect to any Determination Date shall be based on the Company’s balance sheet as of such date.
		

		
			“Debt” means (i) all indebtedness, whether or not represented by bonds, debentures, notes or other securities, for the repayment of money borrowed,   (ii) all deferred indebtedness for the payment of the purchase price of property or assets purchased (but Debt shall not be deemed to include Customer Advances for Construction or any bonds issued under the Indenture which are not Outstanding Bonds),   (iii) leases which have been or,  in accordance with generally accepted accounting principles, should be recorded as capital leases and (iv) guarantees of the obligations of another of the nature described in clauses (i), (ii) or (iii) which have been or, in accordance with generally accepted accounting principles, should be recorded as debt.
		

		
			“Outstanding Bonds” shall mean bonds which are outstanding within the meaning indicated in Section 20 of Article I of the Original Indenture except that, in addition to the bonds referred to in clauses (a),  (b) and (c) of said Section 20, said term shall not include bonds for the retirement of which sufficient funds have been deposited with the Trustee with irrevocable instructions to apply such funds to the retirement of such bonds at a specified time, which may be either the maturity thereof or a specified redemption date, whether or not notice of redemption shall have been given.
		

		
			“Capitalization” shall mean the sum of (i) the aggregate principal amount of all Debt at the time outstanding, (ii) the aggregate par or stated value of all capital stock of the Company of all classes at the time outstanding, (iii) premium on capital stock, (iv) capital surplus, and (v) retained earnings.
		

		 

		

			-20-

		

 

		
			SECTION 3.The Company covenants and agrees that so long as any of the Bonds are outstanding neither the Company nor any subsidiary of the Company will, directly or indirectly, lend or in any manner extend its credit to, or indemnify, or make any donation or capital contribution to, or purchase any security of, any corporation which directly or indirectly controls the Company, or any subsidiary or affiliate (other than an affiliate which is a subsidiary of the Company) of any such corporation.
		

		
			ARTICLE IV.

The Trustee.
		

		
			The Trustee hereby accepts the trust hereby declared and provided, and agrees to perform the same upon the terms and conditions in the Original Indenture, as supplemented by this Twenty-Sixth Supplemental Indenture, and in this Twenty-Sixth Supplemental Indenture set forth, and upon the terms and conditions set forth in Article V hereof.
		

		
			ARTICLE V.

Miscellaneous.
		

		
			SECTION 1.This instrument is executed and shall be construed as an indenture supplemental to the Original Indenture, and shall form a part thereof, and except as hereby supplemented, the Original Indenture and the First, Second, Third, Fourth, Fifth, Sixth, Seventh, Eighth, Ninth, Tenth, Eleventh, Twelfth, Thirteenth, Fourteenth, Fifteenth, Sixteenth, Seventeenth, Eighteenth, Nineteenth, Twentieth, Twenty-First, Twenty-Second, Twenty-Third, Twenty-Fourth and Twenty-Fifth Supplemental Indentures are hereby confirmed.  All references in this Twenty-Sixth Supplemental Indenture to the Original Indenture shall be deemed to refer to the Original Indenture as heretofore amended and supplemented, and all terms used herein shall be taken to have the same meaning as in the Original Indenture, as so amended, except in the cases where the context clearly indicates otherwise.
		

		
			SECTION 2.All recitals in this Twenty-Sixth Supplemental Indenture are made by the Company only and not by the Trustee; and all of the provisions contained in the Original Indenture in respect of the rights, privileges, immunities, powers and duties of the Trustee shall be applicable in respect hereof as fully and with like effect as if set forth herein in full.
		

		
			SECTION 3.Although this Twenty-Sixth Supplemental Indenture is dated for convenience and for the purpose of reference as of November 1, 1991, the actual date or dates of execution hereof by the Company and the Trustee are as indicated by their respective acknowledgments annexed hereto.
		

		
			SECTION 4.In order to facilitate the recording or filing of this Twenty-Sixth Supplemental Indenture, the same may be simultaneously executed in several counterparts, each of which shall be deemed to be an original and such counterparts shall together constitute but one and the same instrument.
		

		
			IN WITNESS WHEREOF the parties hereto have caused their corporate seals to be hereunto affixed and their Presidents or Vice-Presidents, under and by the authority vested in 
		

		 

		

			-21-

		

 

		them, have hereto affixed their signatures, and their Secretaries or Assistant Secretaries have duly attested the execution hereof, as of the first day of November, 1991.
		

		
			[CORPORATE SEAL]PHILADELPHIA SUBURBAN WATER COMPANY
		

		
			 
		

		
			 
		

		
			 
		

		
			Attest: /s/ Suzanne Falcone___By:/s/ Michel Graham
		

		
			Secretary                                   Vice President and Treasurer
		

		
			 
		

		
			 
		

		
			 
		

		
			[CORPORATE SEAL]CORESTATES BANK, N.A.
		

		
			 
		

		
			 
		

		
			 
		

		
			Attest:__/s/ Illegible                      By: /s/ Illegible_____
		

		
			Authorized Officer                      Vice President 
		

		 

		

			-22-Exhibit 4.12

		

			Exhibit 4.12

		

		
			Conformed Copy
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Aqua Pennsylvania, Inc.
		

		
			 
		

		
			$65,000,000 First Mortgage Bonds, 3.77% Series due 2036

$20,000,000 First Mortgage Bonds, 3.82% Series due 2037
		

		
			 
		

		
			$25,000,000 First Mortgage Bonds, 3.85% Series due 2038
		

		
			 
		

		
			$60,000,000 First Mortgage Bonds, 4.16% Series due 2046
		

		
			 
		

		
			$20,000,000 First Mortgage Bonds, 4.18% Series due 2047
		

		
			 
		

		
			$20,000,000 First Mortgage Bonds, 4.20% Series due 2048
		

		
			_____________
		

		
			Bond Purchase Agreement
		

		
			_____________
		

		
			Dated as of December 3, 2015
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

 

		

			 

		

		Table of Contents
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Section

					
					
						Heading

					
					
						Page

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Section 1.

					
					
						Authorization of Bonds

					1 
				
	
					
						Section 2.

					
					
						Sale and Purchase of Bonds

					2 
				
	
					
						Section 3.

					
					
						Closing

					2 
				
	
					
						Section 4.

					
					
						Conditions to Closing

					2 
				
	
					
						Section 4.1.

					
					
						Representations and Warranties

					2 
				
	
					
						Section 4.2.

					
					
						Performance; No Default

					2 
				
	
					
						Section 4.3.

					
					
						Compliance Certificates

					3 
				
	
					
						Section 4.4.

					
					
						Opinions of Counsel

					3 
				
	
					
						Section 4.5.

					
					
						Purchase Permitted by Applicable Law, Etc

					3 
				
	
					
						Section 4.6.

					
					
						Sale of Bonds

					4 
				
	
					
						Section 4.7.

					
					
						Payment of Special Counsel Fees

					4 
				
	
					
						Section 4.8.

					
					
						Private Placement Number

					4 
				
	
					
						Section 4.9.

					
					
						Changes in Corporate Structure

					4 
				
	
					
						Section 4.10.

					
					
						Funding Instructions

					4 
				
	
					
						Section 4.11.

					
					
						Proceedings and Documents

					4 
				
	
					
						Section 4.12.

					
					
						Execution and Delivery and Filing and Recording of the Supplement

					4 
				
	
					
						Section 4.13.

					
					
						Regulatory Approvals

					5 
				
	
					
						Section 5.

					
					
						Representations and Warranties of the Company

					5 
				
	
					
						Section 5.1.

					
					
						Organization; Power and Authority

					5 
				
	
					
						Section 5.2.

					
					
						Authorization, Etc

					5 
				
	
					
						Section 5.3.

					
					
						Disclosure

					5 
				
	
					
						Section 5.4.

					
					
						Organization and Ownership of Shares of Subsidiaries

					6 
				
	
					
						Section 5.5.

					
					
						Financial Statements; Material Liabilities

					6 
				
	
					
						Section 5.6.

					
					
						Compliance with Laws, Other Instruments, Etc

					6 
				
	
					
						Section 5.7.

					
					
						Governmental Authorizations, Etc

					7 
				
	
					
						Section 5.8.

					
					
						Litigation; Observance of Statutes and Orders

					7 
				
	
					
						Section 5.9.

					
					
						Taxes

					7 
				
	
					
						Section 5.10.

					
					
						Title to Property; Leases

					8 
				
	
					
						Section 5.11.

					
					
						Licenses, Permits, Etc

					8 
				
	
					
						Section 5.12.

					
					
						Compliance with ERISA

					8 
				
	
					
						Section 5.13.

					
					
						Private Offering by the Company

					9 
				
	
					
						Section 5.14.

					
					
						Use of Proceeds; Margin Regulations

					9 
				

		 

		

			 

		

 

		

			 

		

			
					
						Section 5.15.

					
					
						Existing Debt

					9 
				
	
					
						Section 5.16.

					
					
						Foreign Assets Control Regulations, Etc

					10 
				
	
					
						Section 5.17.

					
					
						Status under Certain Statutes

					10 
				
	
					
						Section 5.18.

					
					
						Environmental Matters

					11 
				
	
					
						Section 5.19.

					
					
						Lien of Indenture

					11 
				
	
					
						Section 5.20.

					
					
						Filings

					12 
				
	
					
						Section 6.

					
					
						Representations of the Purchasers

					12 
				
	
					
						Section 6.1.

					
					
						Purchase for Investment

					12 
				
	
					
						Section 6.2.

					
					
						Source of Funds

					12 
				
	
					
						Section 7.

					
					
						Information as to Company

					14 
				
	
					
						Section 7.1.

					
					
						Financial and Business Information

					14 
				
	
					
						Section 7.2

					
					
						Officer’s Certificate

					16 
				
	
					
						Section 7.3.

					
					
						Visitation

					17 
				
	
					
						Section 8.

					
					
						Purchase of Bonds

					17 
				
	
					
						Section 9.

					
					
						Affirmative Covenants

					17 
				
	
					
						Section 9.1.

					
					
						Compliance with Law

					18 
				
	
					
						Section 9.2.

					
					
						Insurance

					18 
				
	
					
						Section 9.3.

					
					
						Maintenance of Properties

					18 
				
	
					
						Section 9.4.

					
					
						Payment of Taxes

					18 
				
	
					
						Section 9.5.

					
					
						Corporate Existence, Etc

					18 
				
	
					
						Section 9.6.

					
					
						Books and Records

					19 
				
	
					
						Section 10.

					
					
						Negative Covenants

					19 
				
	
					
						Section 10.1.

					
					
						Transactions with Affiliates

					19 
				
	
					
						Section 10.2.

					
					
						Merger, Consolidation, Etc

					19 
				
	
					
						Section 10.3.

					
					
						Line of Business

					19 
				
	
					
						Section 10.4.

					
					
						Terrorism Sanctions Regulations

					20 
				
	
					
						Section 11.

					
					
						Payments on Bonds

					20 
				
	
					
						Section 11.1.

					
					
						Home Office Payment

					20 
				
	
					
						Section 12.

					
					
						Registration; Exchange; Expenses, Etc

					20 
				
	
					
						Section 12.1.

					
					
						Registration of Bonds

					20 
				
	
					
						Section 12.2.

					
					
						Transaction Expenses

					20 
				
	
					
						Section 12.3.

					
					
						Survival

					21 
				
	
					
						Section 13.

					
					
						Survival of Representations and Warranties; Entire Agreement

					21 
				
	
					
						Section 14.

					
					
						Amendment and Waiver

					21 
				
	
					
						Section 14.1.

					
					
						Requirements

					21 
				
	
					
						Section 14.2.

					
					
						Solicitation of Holders of Bonds

					22 
				

		 

		

			 

		

 

		

			 

		

			
					
						Section 14.3.

					
					
						Binding Effect, Etc

					22 
				
	
					
						Section 14.4.

					
					
						Bonds Held by Company, Etc

					22 
				
	
					
						Section 15.

					
					
						Notices

					23 
				
	
					
						Section 16.

					
					
						Indemnification

					23 
				
	
					
						Section 17.

					
					
						Reproduction of Documents

					23 
				
	
					
						Section 18.

					
					
						Confidential Information

					24 
				
	
					
						Section 19.

					
					
						Miscellaneous

					25 
				
	
					
						Section 19.1.

					
					
						Successors and Assigns

					25 
				
	
					
						Section 19.2.

					
					
						Accounting Terms

					25 
				
	
					
						Section 19.3.

					
					
						Severability

					25 
				
	
					
						Section 19.4.

					
					
						Construction, Etc

					25 
				
	
					
						Section 19.5.

					
					
						Counterparts

					26 
				
	
					
						Section 19.6.

					
					
						Governing Law

					26 
				
	
					
						Section 19.7.

					
					
						Jurisdiction and Process; Waiver of Jury Trial

					26 
				
	
					
						Section 19.8.

					
					
						Payments Due on Non-Business Days

					27 
				

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		Schedule A—  Information Relating to Purchasers
		

		
			Schedule B—Defined Terms
		

		
			Schedule 5.4—  Subsidiaries of the Company and Ownership of Subsidiary Stock
		

		
			Schedule 5.5—  Financial Statements
		

		
			Schedule 5.15(a)—Existing Debt
		

		
			Schedule 5.15(b)—Debt Instruments
		

		
			Exhibit A—Form of Fiftieth Supplemental Indenture
		

		
			Exhibit 4.4(a) —Form of Opinion of Counsel for the Company
		

		
			Exhibit 4.4(b) —Form of Opinion of Special Counsel for the Company
		

		
			Exhibit 4.4 (c)Form of Opinion of Special Counsel for the Purchasers
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		Aqua Pennsylvania, Inc.
		

		
			762 West Lancaster Avenue
Bryn Mawr, Pennsylvania 19010-3489
		

		
			$65,000,000 First Mortgage Bonds, 3.77% Series due 2036
$20,000,000 First Mortgage Bonds, 3.82% Series due 2037
		

		
			$25,000,000 First Mortgage Bonds, 3.85% Series due 2038
		

		
			$60,000,000 First Mortgage Bonds, 4.16% Series due 2046
		

		
			$20,000,000 First Mortgage Bonds, 4.18% Series due 2047
		

		
			$20,000,000 First Mortgage Bonds, 4.20% Series due 2048
		

		
			As of December 3, 2015
		

		
			To Each of The Purchasers Listed in
		

		
			Schedule A Hereto:
		

		
			Ladies and Gentlemen:
		

		
			Aqua Pennsylvania, Inc., a corporation organized under the laws of the Commonwealth of Pennsylvania (the “Company”), agrees with each of the purchasers whose names appear at the end hereof (each, a “Purchaser” and, collectively, the “Purchasers”) as follows:
		

		
			Section 1.Authorization of Bonds.
		

		
			The Company will authorize the issue and sale of (i) $65,000,000 First Mortgage Bonds, 3.77% Series due January 15, 2036 (the “Series A Bonds”), (ii) $20,000,000 First Mortgage Bonds, 3.82% Series due January 15, 2037 (the “Series B Bonds”), (iii) $25,000,000 First Mortgage Bonds, 3.85% Series due January 15, 2038 (the “Series C Bonds”), (iv) $60,000,000 First Mortgage Bonds, 4.16% Series due January 15, 2046 (the “Series D Bonds”), (v) $20,000,000 First Mortgage Bonds, 4.18% Series due January 15, 2047 (the “Series E Bonds”), (vi) $20,000,000 First Mortgage Bonds, 4.20% Series due January 15, 2048 (the “Series F Bonds” and together with the Series A Bonds, the Series B Bonds, the Series C Bonds, the Series D Bonds, and the Series E Bonds, the “Bonds”) and such term includes any such bonds issued in substitution therefor).  The Bonds will be issued under and secured by that certain Indenture of Mortgage dated as of January 1, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), as previously amended and supplemented by forty-nine supplemental indentures and as further supplemented by the Fiftieth Supplemental Indenture dated as of November 1, 2015 (such Fiftieth Supplemental Indenture being referred to herein as the “Supplement”) which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company.  The Original Indenture, as supplemented and amended by the aforementioned forty-nine supplemental indentures and the Supplement, and as further supplemented or amended according to its terms, is hereinafter referred to as the “Indenture”.  Certain capitalized and other terms used in this Agreement are defined in 
		

		 

		

			 

		

 

		

			 

		

		Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement.  Terms used herein but not defined herein shall have the meanings set forth in the Indenture.    
		

		
			Section 2.  Sale and Purchase of Bonds.
		

		
			Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Bonds in the principal amount and in the series specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof.  The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non‐performance of any obligation by any other Purchaser hereunder.
		

		
			Section 3.Closing.
		

		
			 
		

		
			The execution and delivery of this Agreement and the sale and purchase of the Bonds to be purchased by each Purchaser shall occur at the offices of Chapman and Cutler LLP, 111 West Monroe Street, Chicago, Illinois 60603, at 10:00 a.m., Chicago time, at a closing (the “Closing”) on December 3, 2015.  At the Closing the Company will deliver to each Purchaser the Bonds to be purchased by such Purchaser in the form of one or more Bonds in each series to be purchased by such Purchaser, as applicable, in such denominations as such Purchaser may request (with a minimum denomination of $100,000 for each Bond), dated the date of the Closing and registered in such Purchaser’s name (or in the name of its nominee), against delivery by such Purchaser to the Company or its order of immediately available funds in the amount of the purchase price therefor by wire transfer of immediately available funds for Account Number: 8559742757, Account Name: Aqua Pennsylvania, Inc., at PNC Bank, N.A., Philadelphia, Pennsylvania, ABA Number 031‐000053.  If at the Closing the Company shall fail to tender such Bonds to any Purchaser as provided above in this Section 3, or any of the conditions specified in Section 4 shall not have been fulfilled to such Purchaser’s satisfaction, such Purchaser shall, at its election, be relieved of all further obligations under this Agreement, without thereby waiving any rights such Purchaser may have by reason of such failure or such nonfulfillment.
		

		
			Section 4.Conditions to Closing.
		

		
			Each Purchaser’s obligation to execute and deliver this Agreement and to purchase and pay for the Bonds to be sold to such Purchaser prior to or at the Closing is subject to the fulfillment to such Purchaser’s satisfaction at the Closing of the following conditions:
		

		
			Section 4.1.Representations and Warranties.   The representations and warranties of the Company in this Agreement shall be correct when made and at the time of the Closing.
		

		
			Section 4.2.Performance; No Default.  The Company shall have performed and complied with all agreements and conditions contained in each Financing Agreement required to be performed or complied with by the Company prior to or at the Closing, and after giving effect 
		

		 

		

			-2-

		

 

		

			 

		

		to the issue and sale of the Bonds (and the application of the proceeds thereof as contemplated by Section 5.14), no Default or Event of Default shall have occurred and be continuing.  
		

		
			Section 4.3.Compliance Certificates.  The Company shall have performed and complied with all agreements and conditions contained in the Indenture which are required to be performed or complied with by the Company for the issuance of the Bonds.  In addition the Company shall have delivered the following certificates:
		

		
			(a)Officer’s Certificate.  The Company shall have delivered to such Purchaser (i) an Officer’s Certificate, dated the date of the Closing, certifying that the conditions specified in Section 4 of this Agreement have been fulfilled, and (ii) copies of all certificates and opinions required to be delivered to the Trustee under the Indenture in connection with the issuance of the Bonds under the Indenture, in each case, dated the date of the Closing.
		

		
			(b)Secretary’s Certificate.  The Company shall have delivered to such Purchaser a certificate of its Secretary or Assistant Secretary, dated the date of the Closing, certifying as to the resolutions attached thereto and other corporate proceedings relating to the authorization, execution and delivery of this Agreement, the Bonds and the Supplement. 
		

		
			(c)Certification of Indenture.  Each Purchaser shall have received a composite copy of the Indenture (together with all amendments and supplements thereto), certified by the Company as of the date of the Closing, exclusive of property exhibits, recording information and the like.
		

		
			Section 4.4.Opinions of Counsel.  Such Purchaser shall have received opinions in form and substance satisfactory to such Purchaser, dated the date of the Closing (a) from Christopher P. Luning, counsel for the Company, covering the matters set forth in Exhibit 4.4(a) and covering such other matters incident to the transactions contemplated hereby as such Purchaser or its counsel may reasonably request (and the Company hereby instructs its counsel to deliver such opinion to the Purchasers) and (b) from Dilworth Paxson, LLP, special counsel to the Company, covering the matters set forth in Exhibit 4.4(b) and covering such other matters incident to the transactions contemplated hereby as such Purchaser or such Purchaser’s counsel may reasonably request (and the Company hereby instructs its counsel to deliver such opinion to the Purchasers), and (c) from Chapman and Cutler LLP, the Purchasers’ special counsel in connection with such transactions, substantially in the form set forth in Exhibit 4.4(c) and covering such other matters incident to such transactions as such Purchaser may reasonably request.  The Company hereby directs its counsel to deliver the opinions required by this Section 4.4 and understands and agrees that each Purchaser will and hereby is authorized to rely on such opinions.
		

		
			Section 4.5.Purchase Permitted by Applicable Law, Etc.  On the date of the Closing such Purchaser’s purchase of Bonds shall (a) be permitted by the laws and regulations of each jurisdiction to which such Purchaser is subject, without recourse to provisions (such as section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance 
		

		 

		

			-3-

		

 

		

			 

		

		companies without restriction as to the character of the particular investment, (b) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System) and (c) not subject such Purchaser to any tax, penalty or liability under or pursuant to any applicable law or regulation, which law or regulation was not in effect on the date of the Closing.  If requested by such Purchaser, such Purchaser shall have received an Officer’s Certificate certifying as to such matters of fact as such Purchaser may reasonably specify to enable such Purchaser to determine whether such purchase is so permitted.
		

		
			Section 4.6.Sale of Bonds.  Contemporaneously with the Closing, the Company shall sell to each Purchaser and each Purchaser shall purchase the Bonds to be purchased by it at the Closing as specified in Schedule A.
		

		
			Section 4.7.Payment of Special Counsel Fees.  Without limiting the provisions of Section 12.2, the Company shall have paid on or before the Closing the reasonable fees, reasonable charges and reasonable disbursements of the Purchasers’ special counsel referred to in Section 4.4(c) to the extent reflected in a statement of such counsel rendered to the Company at least one Business Day prior to the  Closing.
		

		
			Section 4.8.Private Placement Number.  A Private Placement Number issued by Standard & Poor’s CUSIP Service Bureau (in cooperation with the SVO) shall have been obtained for each series of Bonds.
		

		
			Section 4.9.Changes in Corporate Structure.  The Company shall not have changed its jurisdiction of incorporation or organization, as applicable, or been a party to any merger or consolidation or succeeded to all or any substantial part of the liabilities of any other entity, at any time following the date of the most recent financial statements referred to in Schedule 5.5.
		

		
			Section 4.10.Funding Instructions.  At least three Business Days prior to the date of the Closing, each Purchaser shall have received written instructions signed by a Responsible Officer on letterhead of the Company confirming the information specified in Section 3 including (a) the name and address of the transferee bank, (b) such transferee bank’s ABA number and (c) the account name and number into which the purchase price for the Bonds is to be deposited.
		

		
			Section 4.11.Proceedings and Documents.  All corporate and other proceedings in connection with the transactions contemplated by this Agreement and all documents and instruments incident to such transactions shall be reasonably satisfactory to such Purchaser and its special counsel, and such Purchaser and its special counsel shall have received all such counterpart originals or certified or other copies of such documents as such Purchaser or such special counsel may reasonably request.  
		

		
			Section 4.12.Execution and Delivery and Filing and Recording of the Supplement.  The Supplement shall have been duly executed and delivered by the Company, and the Company shall have filed, or delivered for recordation, the Supplement in all locations in Pennsylvania (and financing statements in respect thereof shall have been filed, if necessary) in such manner and in such places as is required by law (and no other instruments are required to be filed) to establish, preserve, perfect and protect the direct security interest and mortgage Lien of the Trust 
		

		 

		

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		Estate created by the Indenture on all mortgaged and pledged property of the Company referred to in the Indenture as subject to the direct mortgage Lien thereof and the Company shall have delivered satisfactory evidence of such filings, recording or delivery for recording.  
		

		
			Section 4.13.Regulatory Approvals.  The issue and sale of the Bonds shall have been duly authorized by an order of the Pennsylvania Public Utility Commission and such order shall be in full force and effect on the Closing Date and all appeal periods, if any, applicable to such order shall have expired.  The Company shall deliver satisfactory evidence that orders have been obtained approving the issuance of the Bonds from the Pennsylvania Public Utility Commission or that the Pennsylvania Public Utility Commission shall have waived jurisdiction thereof and such approval or waiver shall not be contested or subject to review, or that the Pennsylvania Public Utility Commission does not have jurisdiction.  
		

		
			Section 5.  Representations and Warranties of the Company.
		

		
			The Company represents and warrants to each Purchaser that:
		

		
			Section 5.1.Organization; Power and Authority.  The Company is a corporation duly organized, validly existing and subsisting under the laws of the Commonwealth of Pennsylvania, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.  The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds and the Supplement (and had the corporate power and authority to execute and deliver the Indenture at the time of execution and delivery thereof) and to perform the provisions of the Financing Agreements.  
		

		
			Section 5.2.Authorization, Etc.  Each Financing Agreement has been duly authorized by all necessary corporate action on the part of the Company, and each Financing Agreement (other than the Supplement and the Bonds) constitutes, and when the Supplement is executed and delivered by the Company and the Trustee and when the Bonds are executed, issued and delivered by the Company, authenticated by the Trustee and paid for by the Purchasers, the Supplement and each Bond will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its respective terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (b) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).
		

		
			Section 5.3.Disclosure.  This Agreement and the documents, certificates or other writings delivered to the Purchasers by or on behalf of the Company in connection with the transactions contemplated hereby, including the Confidential Private Placement Memorandum (including the documents incorporated therein by reference) dated October 16, 2015, and the financial statements listed in Schedule 5.5 (collectively, the “Disclosure Documents”), taken as 
		

		 

		

			-5-

		

 

		

			 

		

		a whole, do not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein not misleading in light of the circumstances under which they were made.  Since December 31, 2014, there has been no change in the financial condition, operations, business or properties of the Company or any of its Subsidiaries except changes that individually or in the aggregate would not reasonably be expected to have a Material Adverse Effect.  There is no fact known to management of the Company that, in the reasonable judgment of management of the Company, could be expected to have a Material Adverse Effect that has not been set forth herein or in the other documents, certificates and other writings delivered to the Purchaser by the Company specifically for use in connection with the transactions contemplated hereby.
		

		
			Section 5.4.Organization and Ownership of Shares of Subsidiaries.    (a) Schedule 5.4 contains a complete and correct list of the Company’s Subsidiaries, showing, as to each Subsidiary, the correct name thereof, the jurisdiction of its organization, and the percentage of shares of each class of its capital stock or similar equity interests outstanding owned by the Company and each other Subsidiary.
		

		
			(b)All of the outstanding shares of capital stock or similar equity interests of each Subsidiary shown in Schedule 5.4 as being owned by the Company and its Subsidiaries have been validly issued, are fully paid and nonassessable and are owned by the Company or another Subsidiary free and clear of any Lien.
		

		
			(c)Each Subsidiary identified in Schedule 5.4 is duly incorporated and is validly subsisting as a corporation under the laws of the Commonwealth of Pennsylvania, and is duly qualified as a foreign corporation or other legal entity and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.  Each such Subsidiary has the corporate or other power and authority to own or hold under lease the properties it purports to own or hold under lease and to transact the business it transacts and proposes to transact.
		

		
			Section 5.5.Financial Statements; Material Liabilities.  The Company has delivered to each Purchaser copies of the financial statements of the Company and its Subsidiaries listed on Schedule 5.5.  All of said financial statements (including in each case the related schedules and notes) fairly present in all material respects the consolidated financial position of the Company and its Subsidiaries as of the respective dates specified in such financial statements and the consolidated results of their operations and cash flows for the respective periods so specified and have been prepared in accordance with GAAP consistently applied throughout the periods involved except as set forth in the notes thereto (subject, in the case of any interim financial statements, to normal year‐end adjustments).  The Company does not have any Material liabilities that are not disclosed on such financial statements or otherwise disclosed in the Disclosure Documents.
		

		
			Section 5.6.Compliance with Laws, Other Instruments, Etc. The execution, delivery and performance by the Company of each Financing Agreement (including the prior execution and delivery of the Indenture), will not (a) contravene, result in any breach of, or constitute a default 
		

		 

		

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		under, or result in the creation of any Lien, other than the Lien created under the Indenture, in respect of any property of the Company or any Subsidiary 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 or any Subsidiary is bound or by which the Company or any Subsidiary or any of their respective properties may be bound or affected, (b) 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 or any Subsidiary or (c) violate any provision of any statute or other rule or regulation of any Governmental Authority applicable to the Company or any Subsidiary, except for any such default, breach, contravention or violation which would not reasonably be expected to have a Material Adverse Effect.  
		

		
			Section 5.7.Governmental Authorizations, Etc.  No consent, approval or authorization of, or registration, filing or declaration with, any Governmental Authority is required in connection with the execution, delivery or performance by the Company of this Agreement, the Bonds and the Supplement, other than approval of the Pennsylvania Public Utility Commission, which has been obtained and is in full force and effect and final and is non-appealable.  
		

		
			Section 5.8.Litigation; Observance of Statutes and Orders.  (a) There are no actions, suits, investigations or proceedings pending or, to the knowledge of the Company, threatened against or affecting the Company or any Subsidiary or any property of the Company or any Subsidiary in any court or before any arbitrator of any kind or before or by any Governmental Authority that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 
		

		
			(b)Neither the Company nor any Subsidiary is (i) in default under any term of any agreement or instrument to which it is a party or by which it is bound, (ii) in violation of any order, judgment, decree or ruling of any court, arbitrator or Governmental Authority naming or referring to the Company or any Subsidiary or (iii) in violation of any applicable law, or, to the knowledge of the Company, any ordinance, rule or regulation of any Governmental Authority (including, without limitation, Environmental Laws the USA Patriot Act or any of the other laws and regulations that are referred to in Section 5.16), which default or violation, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
		

		
			Section 5.9.Taxes.  The Company and its Subsidiaries have filed all income tax returns that are required to have been filed in any jurisdiction, and have paid all taxes shown to be due and payable on such returns and all other taxes and assessments payable by them, to the extent such taxes and assessments have become due and payable and before they have become delinquent, except for any taxes and assessments (i) the amount of which is not individually or in the aggregate Material or (ii) the amount, applicability or validity of which is currently being contested in good faith by appropriate proceedings and with respect to which the Company or a Subsidiary, as the case may be, has established adequate reserves in accordance with GAAP.  The charges, accruals, and reserves on the books of the Company and its Subsidiaries in respect of federal, state or other taxes for all fiscal periods are adequate.  The Federal income tax liabilities of the Company and its Subsidiaries have been finally determined (whether by reason of completed audits or the statute of limitations having run) for all fiscal years up to and 
		

		 

		

			-7-

		

 

		

			 

		

		including the fiscal year ended December 31, 2011 and all amounts owing in respect of such audit have been paid.  
		

		
			Section 5.10.Title to Property; Leases.  The Company and its Subsidiaries have good and sufficient title to their respective Material properties, including all such properties reflected in the most recent audited balance sheet referred to in Section 5.5 or purported to have been acquired by the Company or any Subsidiary after said date (except as sold or otherwise disposed of in the ordinary course of business), in each case free and clear of Liens prohibited by this Agreement or the Indenture, except for those defects in title and Liens that, individually or in the aggregate, would not have a Material Adverse Effect.  All Material leases are valid and subsisting and are in full force and effect in all material respects.
		

		
			Section 5.11.Licenses, Permits, Etc.  The Company and its Subsidiaries own or possess all licenses, permits, franchises, certificates of conveyance and necessity, authorizations, patents, copyrights, proprietary software, service marks, trademarks and trade names, or rights thereto, that are Material, without known conflict with the rights of others, except for those conflicts that, individually or in the aggregate, would not have a Material Adverse Effect.  
		

		
			Section 5.12.Compliance with ERISA.  (a) The Company and each ERISA Affiliate have operated and administered each Plan in compliance with all applicable laws except for such instances of noncompliance as have not resulted in and could not reasonably be expected to result in a Material Adverse Effect.  Neither the Company nor any ERISA Affiliate has incurred any liability pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans (as defined in section 3 of ERISA), and no event, transaction or condition has occurred or exists that would reasonably be expected to result in the incurrence of any such liability by the Company or any ERISA Affiliate, or in the imposition of any Lien on any of the rights, properties or assets of the Company or any ERISA Affiliate, in either case pursuant to Title I or IV of ERISA or to such penalty or excise tax provisions or to section 401(a)(29) or 412 of the Code or section 4068 of ERISA, other than such liabilities or Liens as would not be individually or in the aggregate Material.
		

		
			(b)The present value of the aggregate benefit liabilities under each of the Plans subject to section 412 of the Code (other than Multiemployer Plans), determined as of January 1, 2015 based on such Plan’s actuarial assumptions as of that date for funding purposes as documented in such Plan’s actuarial valuation reports dated September 2015 did not exceed the aggregate current value of the assets of such Plan allocable to such benefit liabilities by more than $5,000,000 in the case of any single Plan and by more than $5,000,000 in the aggregate for all Plans.  The term “benefit liabilities” has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA.
		

		
			(c)The Company and its ERISA Affiliates have not incurred withdrawal liabilities (and are not subject to contingent withdrawal liabilities) under section 4201 or 4204 of ERISA in respect of Multiemployer Plans that individually or in the aggregate are Material.
		

		
			(d)The expected postretirement benefit obligation (determined as of the last day of the Company’s most recently ended fiscal year in accordance with Financial Accounting Standards 
		
		
 

		

			-8-

		

 

		

			 

		

		Board Accounting Standards Codification Topic 715‐60, without regard to liabilities attributable to continuation coverage mandated by section 4980B of the Code) of the Company and its Subsidiaries is not Material.

		
		
			(e)The execution and delivery of this Agreement and the issuance and sale of the Bonds hereunder will not involve any transaction that is subject to the prohibitions of section 406 of ERISA or in connection with which a tax could be imposed pursuant to section 4975(c)(1)(A)‐(D) of the Code.  The representation by the Company to each Purchaser in the first sentence of this Section 5.12(e) is made in reliance upon and subject to the accuracy of such Purchaser’s representation in Section 6.2 as to the sources of the funds used to pay the purchase price of the Bonds to be purchased by such Purchaser.
		

		
			Section 5.13.Private Offering by the Company.    Neither the Company nor anyone acting on the Company’s behalf has offered the Bonds or any similar securities for sale to, or solicited any offer to buy any of the same from, or otherwise approached or negotiated in respect thereof with, any Person other than the Purchasers and not more than thirty-five (35) other Institutional Investors, each of which has been offered the Bonds in connection with a private sale for investment.  Neither the Company nor anyone acting on its behalf has taken, or will take, any action that would subject the issuance or sale of the Bonds to the registration requirements of Section 5 of the Securities Act.
		

		
			Section 5.14.Use of Proceeds; Margin Regulations.  The Company will apply the proceeds of the sale of the Bonds to repay existing indebtedness and for general corporate purposes and in compliance with all laws referenced in Section 5.16.  No part of the proceeds from the sale of the Bonds hereunder will be used, directly or indirectly, for the purpose of buying or carrying any margin stock within the meaning of Regulation U of the Board of Governors of the Federal Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading in any securities under such circumstances as to involve the Company in a violation of Regulation X of said Board (12 CFR 224) or to involve any broker or dealer in a violation of Regulation T of said Board (12 CFR 220).  Margin stock does not constitute more than 2% of the value of the consolidated assets of the Company and its Subsidiaries and the Company does not have any present intention that margin stock will constitute more than 2% of the value of such assets.  As used in this Section, the terms “margin stock” and “purpose of buying or carrying” shall have the meanings assigned to them in said Regulation U.
		

		
			Section 5.15.Existing Debt.  Except as described therein, Schedule 5.15(a) sets forth a complete and correct list of all outstanding Debt of the Company and its Subsidiaries as of September 30, 2015, since which date except as described therein there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Debt of the Company or its Subsidiaries.  Neither the Company nor any Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Debt of the Company or any Subsidiary and no event or condition exists with respect to any Debt of the Company or any Subsidiary, the outstanding principal amount of which exceeds $5,000,000 that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Debt to become due and payable before its stated maturity or before its regularly scheduled dates of payment.  
		

		

		

		 

		

			-9-

		

 

		

			 

		

		(b)Without limiting the representation in Section 5.6, the Company is not a party to, or otherwise subject to any provision contained in, any instrument evidencing Debt of the Company or any Subsidiary, any agreement relating thereto or any other agreement (including, but not limited to, its charter or other organizational document) which limits the amount of, or otherwise imposes restrictions on the incurring of, Debt evidenced by the Bonds, except as specifically indicated in Schedule 5.15(b).
		

		
			Section 5.16.Foreign Assets Control Regulations, Etc.  (a)  Neither the Company nor any Controlled Entity is (i) a Person whose name appears on the list of Specially Designated Nationals and Blocked Persons published by the Office of Foreign Assets Control, U.S. Department of Treasury (“OFAC”) or a Person that is otherwise subject to an OFAC Sanctions Program (an “OFAC Listed Person”) or (ii) a department, agency or instrumentality of, or is otherwise controlled by or acting on behalf of, directly or indirectly, (x) any OFAC Listed Person or (y) any Person, entity, organization, foreign country or regime that is subject to any OFAC Sanctions Program (each OFAC Listed Person and each other Person, entity, organization and government of a country described in clause (ii), a “Blocked Person”).
		

		
			(b)No part of the proceeds from the sale of the Bonds hereunder constitutes or will constitute funds obtained on behalf of any Blocked Person or will otherwise be used, directly by the Company or indirectly through any Controlled Entity, in connection with any investment in, or any transactions or dealings with, any Blocked Person or for investment in the Iranian energy sector (as defined in Section 201 (1) of CISADA).
		

		
			(c)To the Company’s knowledge after making due inquiry, neither the Company nor any Controlled Entity (i) is under investigation by any Governmental Authority for, or has been charged with, or convicted of, money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes under any applicable law (collectively, “Anti-Money Laundering Laws”), (ii) has been assessed civil penalties under any Anti-Money Laundering Laws or (iii) has had any of its funds seized or forfeited in an action under any Anti-Money Laundering Laws. The Company has taken reasonable measures appropriate to the circumstances (in any event as required by applicable law) to ensure that the Company and each Controlled Entity is and will continue to be in compliance with all applicable current and future Anti-Money Laundering Laws.
		

		
			(d)No part of the proceeds from the sale of the Bonds hereunder will be used, directly or indirectly, for any improper payments to any governmental official or employee, political party, official of a political party, candidate for political office, official of any public international organization or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage.  The Company has taken reasonable measures appropriate to the circumstances (in any event as required by applicable law) to ensure that the Company and each Controlled Entity is and will continue to be in compliance with all applicable current and future anti-corruption laws and regulations.
		

		
			Section 5.17.Status under Certain Statutes.  Neither the Company nor any Subsidiary is subject to regulation under the Investment Company Act of 1940, as amended, the Public Utility 
		

		 

		

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		Holding Company Act of 2005, as amended, the ICC Termination Act of 1995, as amended, or subject to rate regulation under the Federal Power Act, as amended.  
		

		
			Section 5.18.Environmental Matters.  Neither the Company nor any Subsidiary has knowledge of any claim or has received any notice of any claim, and no proceeding has been instituted of which it has received notice, raising any claim against the Company or any of its Subsidiaries or any of their respective real properties now or formerly owned, leased or operated by any of them, or other assets, alleging damage to the environment or any violation of any Environmental Laws, except, in each case, such as could not reasonably be expected to result in a Material Adverse Effect.  Except as otherwise disclosed to the Purchasers in writing:
		

		
			(a)neither the Company nor any Subsidiary has knowledge of any facts which would give rise to any claim, public or private, for violation of Environmental Laws or damage to the environment emanating from, occurring on or in any way related to real properties or to other assets now or formerly owned, leased or operated by any of them or their use, except, in each case, such as could not reasonably be expected to result in a Material Adverse Effect;
		

		
			(b)neither the Company nor any of its Subsidiaries has stored any Hazardous Materials on real properties now or formerly owned, leased or operated by any of them or has disposed of any Hazardous Materials in each case in a manner contrary to any Environmental Laws and in any manner that could reasonably be expected to result in a Material Adverse Effect; and
		

		
			(c)all buildings on all real properties now owned, leased or operated by the Company or any of its Subsidiaries are in compliance with applicable Environmental Laws, except where failure to comply could not reasonably be expected to result in a Material Adverse Effect.
		

		
			Section 5.19.Lien of Indenture.  The Indenture (and for avoidance of doubt including the Supplement) constitutes a direct and valid Lien upon the Trust Estate, subject only to the exceptions referred to in the Indenture and Permitted Liens, and will create a similar Lien upon all properties and assets acquired by the Company after the date hereof which are required to be subjected to the Lien of the Indenture, when acquired by the Company, subject only to the exceptions referred to in the Indenture and Permitted Liens, and subject, further, as to real property interests, to the recordation of a supplement to the Indenture describing such after-acquired property; the descriptions of all such properties and assets contained in the granting clauses of the Indenture are correct and adequate for the purposes of the Indenture; the Indenture has been duly recorded as a mortgage and deed of trust of real estate, and any required filings with respect to personal property and fixtures subject to the Lien of the Indenture have been duly made in each place in which such recording or filing is required to protect, preserve and perfect the Lien of the Indenture; and all taxes and recording and filing fees required to be paid with respect to the execution, recording or filing of the Indenture, the filing of financing statements related thereto and similar documents and the issuance of the Bonds have been paid.
		

		

		

		 

		

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		Section 5.20.Filings.  No action, including any filings, registration or notice, is necessary or advisable in Pennsylvania or any other jurisdictions to ensure the legality, validity and enforceability of the Financing Agreements, except such action as has been previously taken, which action remains in full force and effect.  No action, including any filing, registration or notice, is necessary or advisable in Pennsylvania or any other jurisdiction to establish or protect for the benefit of the Trustee and the holders of Bonds, the security interest and Liens purported to be created under the Indenture and the priority and perfection therof and the other Financing Agreements, except such action as has been previously taken, which action remains in full force and effect.  
		

		
			Section 6.  Representations of the Purchasers.
		

		
			Section 6.1.Purchase for Investment.  Each Purchaser severally represents that it is purchasing the Bonds for its own account or for one or more separate accounts maintained by such Purchaser or for the account of one or more pension or trust funds and not with a view to the distribution thereof, provided that the disposition of such Purchaser’s or their property shall at all times be within such Purchaser’s or their control.  Each Purchaser understands that the Bonds have not been registered under the Securities Act and may be resold only if registered pursuant to the provisions of the Securities Act or if an exemption from registration is available, except under circumstances where neither such registration nor such an exemption is required by law, and that the Company is not required to register the Bonds.
		

		
			Section 6.2.Source of Funds.  Each Purchaser severally represents that at least one of the following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Bonds to be purchased by such Purchaser hereunder:
		

		
			(a)the Source is an “insurance company general account” (as the term is defined in the United States Department of Labor’s Prohibited Transaction Exemption (“PTE”) 95‐60) in respect of which the reserves and liabilities (as defined by the annual statement for life insurance companies approved by the NAIC (the “NAIC Annual Statement”)) for the general account contract(s) held by or on behalf of any employee benefit plan together with the amount of the reserves and liabilities for the general account contract(s) held by or on behalf of any other employee benefit plans maintained by the same employer (or affiliate thereof as defined in PTE 95‐60) or by the same employee organization in the general account do not exceed 10% of the total reserves and liabilities of the general account (exclusive of separate account liabilities) plus surplus as set forth in the NAIC Annual Statement filed with such Purchaser’s state of domicile; or
		

		
			(b)the Source is a separate account that is maintained solely in connection with such Purchaser’s fixed contractual obligations under which the amounts payable, or credited, to any employee benefit plan (or its related trust) that has any interest in such separate account (or to any participant or beneficiary of such plan (including any annuitant)) are not affected in any manner by the investment performance of the separate account; or
		

		

		

		 

		

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		(c)the Source is either (i) an insurance company pooled separate account, within the meaning of PTE 90‐1 or (ii) a bank collective investment fund, within the meaning of the PTE 91‐38 and, except as disclosed by such Purchaser to the Company in writing pursuant to this clause (c), no employee benefit plan or group of plans maintained by the same employer or employee organization beneficially owns more than 10% of all assets allocated to such pooled separate account or collective investment fund; or
		

		
			(d)the Source constitutes assets of an “investment fund” (within the meaning of Part VI of PTE 84‐14 (the “QPAM Exemption”)) managed by a “qualified professional asset manager” or “QPAM” (within the meaning of Part VI of the QPAM Exemption), no employee benefit plan’s assets that are managed by the QPAM in such investment fund, when combined with the assets of all other employee benefit plans established or maintained by the same employer or by an affiliate (within the meaning of Part VI(c)(1) of the QPAM Exemption) of such employer or by the same employee organization and managed by such QPAM, represent more than 20% of the total client assets managed by such QPAM, the conditions of Part I(c) and (g) of the QPAM Exemption are satisfied, neither the QPAM nor a person controlling or controlled by the QPAM maintains an ownership interest in the Company that would cause the QPAM and the Company to be “related” within the meaning of Part VI(h) of the QPAM Exemption and (i) the identity of such QPAM and (ii) the names of any employee benefit plans whose assets in the investment fund, when combined with the assets of all other employee benefit plans established or maintained by the same employer or by an affiliate (within the meaning of Part VI(c)(1) of the QPAM Exemption) of such employer or by the same employee organization, represent 10% or more of the assets of such investment fund, have been disclosed to the Company in writing pursuant to this clause (d);or
		

		
			(e)the Source constitutes assets of a “plan(s)” (within the meaning of Part IV(h) of PTE 96‐23 (the “INHAM Exemption”)) managed by an “in‐house asset manager” or “INHAM” (within the meaning of Part IV(a) of the INHAM Exemption), the conditions of Part I(a), (g) and (h) of the INHAM Exemption are satisfied, neither the INHAM nor a person controlling or controlled by the INHAM (applying the definition of “control” in Part IV(d)(3) of the INHAM Exemption) owns a 10% or more interest in the Company and (i) the identity of such INHAM and (ii) the name(s) of the employee benefit plan(s) whose assets constitute the Source have been disclosed to the Company in writing pursuant to this clause (e); or
		

		
			(f)the Source is a governmental plan; or
		

		
			(g)the Source is one or more employee benefit plans, or a separate account or trust fund comprised of one or more employee benefit plans, each of which has been identified to the Company in writing pursuant to this clause (g); or
		

		
			(h)the Source does not include assets of any employee benefit plan, other than a plan exempt from the coverage of ERISA.
		

		

		

		 

		

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		As used in this Section 6.2, the terms “employee benefit plan,” “governmental plan,” and “separate account” shall have the respective meanings assigned to such terms in section 3 of ERISA.
		

		
			Section 7. Information as to Company.
		

		
			Section 7.1.Financial and Business Information.  The Company shall deliver to each holder of Bonds that is an Institutional Investor:
		

		
			(a)Quarterly Statements — within 60 days after the end of each quarterly fiscal period in each fiscal year of the Company (other than the last quarterly fiscal period of each such fiscal year), duplicate copies of:
		

		
			(i)a consolidated balance sheet of the Company and its Subsidiaries as at the end of such quarter, and
		

		
			(ii)consolidated statements of income, changes in shareholders’ equity and cash flows of the Company and its Subsidiaries, for such quarter and (in the case of the second and third quarters) for the portion of the fiscal year ending with such quarter,
		

		
			setting forth in each case in comparative form the figures for the corresponding periods in the previous fiscal year, all in reasonable detail, prepared in accordance with GAAP applicable to quarterly financial statements generally, and certified by a Senior Financial Officer as fairly presenting, in all material respects, the financial position of the companies being reported on and their results of operations and cash flows, subject to changes resulting from year‐end adjustments, provided that the delivery within the time period specified above of the Company’s said financial statements, prepared in accordance with the requirements therefor and filed with the Municipal Securities Rulemaking Board on the Electronic Municipal Market Access (“EMMA”) database shall be deemed to satisfy the requirements of this Section 7.1(a);
		

		
			(b)Annual Statements — within 120 days after the end of each fiscal year of the Company, duplicate copies of:
		

		
			(i)a consolidated balance sheet of the Company and its Subsidiaries, as at the end of such year, and
		

		
			(ii)consolidated statements of income, changes in shareholders’ equity and cash flows of the Company and its Subsidiaries for such year,
		

		
			setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail, prepared in accordance with GAAP, and accompanied by an opinion thereon of independent public accountants of recognized national standing, which opinion shall state that such financial 
		

		 

		

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		statements present fairly, in all material respects, the financial position of the companies being reported upon and their results of operations and cash flows and have been prepared in conformity with GAAP, and that the examination of such accountants in connection with such financial statements has been made in accordance with generally accepted auditing standards, and that such audit provides a reasonable basis for such opinion in the circumstances,  provided that the delivery within the time period specified above of the Company’s said financial statements, prepared in accordance with the requirements therefor and filed with the Municipal Securities Rulemaking Board on the EMMA database shall be deemed to satisfy the requirements of this Section 7.1(b);
		

		
			(c)SEC and Other Reports — promptly upon their becoming available, one copy of (i) each financial statement, report, notice or proxy statement sent by the Company or any Subsidiary to its public securities holders generally, and (ii) each regular or periodic report, each registration statement that shall have become effective (without exhibits except as expressly requested by such holder), and each final prospectus and all amendments thereto filed by the Company or any Subsidiary with the SEC, provided that the delivery within the time period specified above of the Company’s said financial statements, prepared in accordance with the requirements therefor and filed with the Municipal Securities Rulemaking Board on the EMMA database shall be deemed to satisfy the requirements of this Section 7.1(c);
		

		
			(d)Notice of Default or Event of Default — promptly, and in any event within five days after a Responsible Officer becomes aware of the existence of any Default or Event of Default, a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;
		

		
			(e)ERISA Matters — promptly, and in any event within five days after a Responsible Officer becomes aware of any of the following, a written notice setting forth the nature thereof and the action, if any, that the Company or an ERISA Affiliate proposes to take with respect thereto:
		

		
			(i)with respect to any Plan (other than any Multiemployer Plan) that is subject to Title IV of ERISA, any reportable event, as defined in section 4043(c) of ERISA and the regulations thereunder, for which notice thereof has not been waived pursuant to such regulations as in effect on the date hereof and on the date of the Closing; or
		

		
			(ii)the taking by the PBGC of steps to institute, or the threatening by the PBGC of the institution of, proceedings under section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any such Plan, or the receipt by the Company or any ERISA Affiliate of a notice from a Multiemployer Plan that such action has been taken by the PBGC with respect to such Multiemployer Plan; or
		

		

		

		 

		

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		(iii)any event, transaction or condition that could result in the incurrence of any liability by the Company or any ERISA Affiliate pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans, or in the imposition of any Lien on any of the rights, properties or assets of the Company or any ERISA Affiliate pursuant to Title I or IV of ERISA or such penalty or excise tax provisions, if such liability or Lien, taken together with any other such liabilities or Liens then existing, would reasonably be expected to have a Material Adverse Effect;
		

		
			(f)Notices from Governmental Authority — promptly, and in any event within 30 days of receipt thereof, copies of any notice to the Company or any Subsidiary from any federal or state Governmental Authority relating to any order, ruling, statute or other law or regulation that could reasonably be expected to have a Material Adverse Effect; 
		

		
			(g)Requested Information — with reasonable promptness, following the receipt by the Company of a written request by such holder of Bonds, the names and contact information of holders of the outstanding bonds issued under the Indenture (i.e. the bonds in which the Company or a trustee is required to keep in a register and that are not publicly traded) of which the Company has knowledge and the principal amount of the outstanding bonds issued under the Indenture owed to each holder (unless disclosure of such names, contact information or holdings is prohibited by law), and such data and information relating to the business, operations, affairs, financial condition, assets or properties of the Company or any of its Subsidiaries or relating to the ability of the Company to perform its obligations under any Financing Agreement as from time to time may be reasonably requested by such holder of Bonds; and
		

		
			(h)Deliveries to Trustee — promptly, and in any event within five days after delivery to the Trustee, a copy of any deliveries made by the Company to the Trustee, including without limitation the annual report delivered to the Trustee pursuant to Article VIII, Section 12 of the Indenture.
		

		
			Section 7.2Officer’s Certificate.  Each set of financial statements delivered to a holder of Bonds pursuant to Section 7.1(a) or Section 7.1(b) shall be accompanied by a certificate of a Senior Financial Officer (which, in the case of financial statements filed with the Municipal Securities Rulemaking Board on the EMMA database, shall be by separate concurrent delivery of such certificate to each holder of Bonds) setting forth a statement that such Senior Financial Officer has reviewed the relevant terms hereof and of the Indenture and has made, or caused to be made, under his or her supervision, a review of the transactions and conditions of the Company and its Subsidiaries from the beginning of the quarterly or annual period covered by the statements then being furnished to the date of the certificate and that such review shall not have disclosed the existence during such period of any condition or event that constitutes a Default or an Event of Default or, if any such condition or event existed or exists (including, without limitation, any such event or condition resulting from the failure of the Company or any Subsidiary to comply with any Environmental Law), specifying the nature and period of 
		

		 

		

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		existence thereof and what action the Company shall have taken or proposes to take with respect thereto.
		

		
			Section 7.3.Visitation.  The Company shall permit the representatives of each holder of Bonds that is an Institutional Investor:
		

		
			(a)No Default — if no Default or Event of Default then exists, at the expense of such holder and upon reasonable prior notice to the Company, to visit the principal executive office of the Company, to discuss the affairs, finances and accounts of the Company and its Subsidiaries with the Company’s officers, and, with the consent of the Company (which consent will not be unreasonably withheld), to visit the other offices and properties of the Company and each Subsidiary, all at such reasonable times during normal business hours and as often as may be reasonably requested in writing; and
		

		
			(b)Default — if a Default or Event of Default then exists, at the expense of the Company to visit and inspect any of the offices or properties of the Company or any Subsidiary, to examine all their respective books of account, records, reports and other papers, to make copies and extracts therefrom, and to discuss their respective affairs, finances and accounts with their respective officers and independent public accountants (and by this provision the Company authorizes said accountants to discuss the affairs, finances and accounts of the Company and its Subsidiaries), all at such reasonable times and as often as may be requested.
		

		
			Section 8.Purchase of Bonds
		

		
			The Company will not and will not permit any Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Bonds except (a) upon the payment or prepayment of the Bonds in accordance with the terms of this Agreement and the Bonds or (b) pursuant to a written offer to purchase any outstanding Bonds made by the Company or an Affiliate pro rata to the holders of the Bonds upon the same terms and conditions.  Any such offer shall provide each holder with sufficient information to enable it to make an informed decision with respect to such offer, and shall remain open for at least 15 Business Days.  If the holders of more than 10% of the principal amount of the Bonds then outstanding accept such offer, the Company shall promptly notify the remaining holders of such fact and the expiration date for the acceptance by holders of Bonds of such offer shall be extended by the number of days necessary to give each such remaining holder at least 10 Business Days from its receipt of such notice to accept such offer.  The Company will promptly cancel all Bonds acquired by it or any Affiliate pursuant to any payment, prepayment or purchase of Bonds pursuant to any provision of this Agreement and no Bonds may be issued in substitution or exchange for any such Bonds.
		

		
			Section 9.Affirmative Covenants.
		

		
			The Company covenants that so long as any of the Bonds are outstanding:
		

		

		

		 

		

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		Section 9.1.Compliance with Law.  Without limiting Section 10.4, the Company will, and will cause each of its Subsidiaries to, comply with all laws, ordinances or governmental rules or regulations to which each of them is subject, including, without limitation, ERISA, Environmental Laws, the USA Patriot Act and the other laws and regulations that are referred to in Section 5.16, and will obtain and maintain in effect all licenses, certificates, permits, franchises and other governmental authorizations necessary to the ownership of their respective properties or to the conduct of their respective businesses, in each case to the extent necessary to ensure that non‐compliance with such laws, ordinances or governmental rules or regulations or failures to obtain or maintain in effect such licenses, certificates, permits, franchises and other governmental authorizations could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
		

		
			Section 9.2.Insurance.  The Company will cause each of its Subsidiaries to maintain, with financially sound and reputable insurers, insurance with respect to their respective properties and businesses against such casualties and contingencies, of such types, on such terms and in such amounts (including deductibles, co-insurance and self-insurance, if adequate reserves are maintained with respect thereto) as is customary in the case of entities of established reputations engaged in the same or a similar business and similarly situated.
		

		
			Section 9.3.Maintenance of Properties.  The Company will cause each of its Subsidiaries to maintain and keep, or cause to be maintained and kept, their respective properties in good repair, working order and condition (other than ordinary wear and tear), so that the business carried on in connection therewith may be properly conducted at all times, provided that this Section shall not prevent any Subsidiary from discontinuing the operation and the maintenance of any of its properties if such discontinuance is desirable in the conduct of its business and the Company and such Subsidiary have concluded that such discontinuance would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
		

		
			Section 9.4.Payment of Taxes.  The Company will cause each of its Subsidiaries to file all income tax or similar tax returns required to be filed in any jurisdiction and to pay and discharge all taxes shown to be due and payable on such returns and all other taxes, assessments, governmental charges, or levies payable by any of them, to the extent the same have become due and payable and before they have become delinquent, provided that any Subsidiary does not need to pay any such tax, assessment, charge or levy if (a) the amount, applicability or validity thereof is contested by the Company or such Subsidiary on a timely basis in good faith and in appropriate proceedings, and the Subsidiary has established adequate reserves therefor in accordance with GAAP on the books of such Subsidiary or (b) the nonpayment of all such taxes, assessments, charges and levies in the aggregate would not reasonably be expected to have a Material Adverse Effect.
		

		
			Section 9.5.Corporate Existence, Etc.  The Company will at all times preserve and keep in full force and effect the corporate existence of each of its Subsidiaries (unless merged into the Company or a wholly‐owned Subsidiary) and all rights and franchises of its Subsidiaries unless, in the good faith judgment of the Company or such Subsidiary, the termination of or failure to preserve and keep in full force and effect such corporate existence, right or franchise would not, individually or in the aggregate, have a Material Adverse Effect.
		

		

		

		 

		

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		Section 9.6.Books and Records.  The Company will, and will cause each of its Subsidiaries to, maintain proper books of record and account in conformity with GAAP and all applicable requirements of any Governmental Authority having legal or regulatory jurisdiction over the Company or such Subsidiary.  
		

		
			Section 10.  Negative Covenants.
		

		
			The Company covenants that so long as any of the Bonds are outstanding:
		

		
			Section 10.1.Transactions with Affiliates.  The Company will not and will not permit any Subsidiary to enter into directly or indirectly any Material transaction or Material group of related transactions (including without limitation the purchase, lease, sale or exchange of properties of any kind or the rendering of any service) with any Affiliate (other than the Company or another Subsidiary), except pursuant to the reasonable requirements of the Company’s or such Subsidiary’s business.
		

		
			Section 10.2.Merger, Consolidation, Etc.  The Company will not consolidate with or merge with any other Person or convey, transfer or lease all or substantially all of its assets in a single transaction or series of transactions to any Person unless:
		

		
			(a)the successor formed by such consolidation or the survivor of such merger or the Person that acquires by conveyance, transfer or lease all or substantially all of the assets of the Company as an entirety, as the case may be, shall be a solvent corporation or limited liability company organized and existing under the laws of the United States or any State thereof (including the District of Columbia), and, if the Company is not such corporation or limited liability company, such corporation or limited liability company shall have executed and delivered to each holder of any Bonds its assumption of the due and punctual performance and observance of each covenant and condition of the Financing Agreements (pursuant to such agreements and instruments as shall be reasonably satisfactory to the Required Holders), and the Company shall have caused to be delivered to each holder of Bonds an opinion of nationally recognized independent counsel, to the effect that all agreements or instruments effecting such assumption are enforceable in accordance with their terms and comply with the terms hereof; and
		

		
			(b)immediately before and immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing.
		

		
			No such conveyance, transfer or lease of substantially all of the assets of the Company shall have the effect of releasing the Company or any successor corporation or limited liability company that shall theretofore have become such in the manner prescribed in this Section 10.2 from its liability under the Financing Agreements.
		

		
			Section 10.3.Line of Business.  The Company will not engage in any business if, as a result, the general nature of the business in which the Company and its Subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature of the 
		

		 

		

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		business in which the Company and its Subsidiaries, taken as whole, is engaged on the date of this Agreement.
		

		
			Section 10.4.Terrorism Sanctions Regulations.  The Company will not and will not permit any Controlled Entity to (a) become a Blocked Person or (b) have any investments in or engage in any dealings or transactions with any Blocked Person except in accordance with applicable law and in a manner where such investments, transactions or dealings would not cause the purchase, holding or receipt of any payment or exercise of any rights in respect of any Bond by the holder thereof to be in violation of any laws or regulations administered by OFAC.
		

		
			Section 11.Payments on Bonds.
		

		
			Section 11.1.Home Office Payment.  So long as any Purchaser or its nominee shall be the holder of any Bond, and notwithstanding anything contained in the Indenture or in such Bond to the contrary, the Company will pay, or cause to be paid by a paying agent, a trustee or other similar party, all sums becoming due on such Bond for principal, Make‐Whole Amount or premium, if any, and interest by the method and at the address specified for such purpose below such Purchaser’s name in Schedule A, or by such other method or at such other address as such Purchaser shall have from time to time specified to the Company in writing for such purpose, without the presentation or surrender of such Bond or the making of any notation thereon, except that upon written request of the Company or any paying agent made concurrently with or reasonably promptly after payment or prepayment in full of any Bond, such Purchaser shall surrender such Bond for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Article II of the Indenture.  Prior to any sale or other disposition of any Bond held by a Purchaser or its nominee, such Purchaser will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Bond to the Company in exchange for a new Bond or Bonds pursuant to Article II of the Indenture.  The Company will afford the benefits of this Section 11.1 to any Institutional Investor that is the direct or indirect transferee of any Bond purchased by a Purchaser under this Agreement and that has made the same agreement relating to such Bond as the Purchasers have made in this Section 11.1.
		

		
			Section 12. Registration; Exchange; Expenses, Etc.
		

		
			Section 12.1.Registration of Bonds.  The Company shall cause the Trustee to keep a register for the registration and registration of transfers of Bonds in accordance with Article XIII, Section 9 of the Indenture.  
		

		
			Section  12.2.Transaction Expenses.  Whether or not the transactions contemplated hereby are consummated, the Company will pay all reasonable costs and expenses (including reasonable attorneys’ fees of a special counsel and, if reasonably required by the Required Holders, local or other counsel) incurred by the Purchasers and each other holder of a Bond in connection with such transactions and in connection with any amendments, waivers or consents under or in respect of any Financing Agreement (whether or not such amendment, waiver or consent becomes effective), including, without limitation:  (a) the costs and expenses incurred in 
		

		 

		

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		enforcing or defending (or determining whether or how to enforce or defend) any rights under any Financing Agreement or in responding to any subpoena or other legal process or informal investigative demand issued in connection with any Financing Agreement, or by reason of being a holder of any Bond, (b) the costs and expenses, including financial advisors’ fees, incurred in connection with the insolvency or bankruptcy of the Company or any Subsidiary or in connection with any work‐out or restructuring of the transactions contemplated  by any Financing Agreement and (c) the costs and expenses incurred in connection with the initial filing of any Financing Agreement and all related documents and financial information with the SVO, provided that such costs and expenses under this clause (c) shall not exceed $5,000 for the Bonds.  The Company will pay, and will save each Purchaser and each other holder of a Bond harmless from, all claims in respect of any fees, costs or expenses if any, of brokers and finders (other than those, if any, retained by a Purchaser or other holder in connection with its purchase of the Bonds).
		

		
			Section 12.3.Survival.  The obligations of the Company under this Section 12 will survive the payment or transfer of any Bond, the enforcement, amendment or waiver of any provision of any Financing Agreement, and the termination of any Financing Agreement.
		

		
			Section 13.Survival of Representations and Warranties; Entire Agreement.
		

		
			All representations and warranties contained herein shall survive the execution and delivery of this Agreement, the purchase or transfer by any Purchaser of any Bond or portion thereof or interest therein and the payment of any Bond, and may be relied upon by any subsequent holder of a Bond, regardless of any investigation made at any time by or on behalf of such Purchaser or any other holder of a Bond.  All statements contained in any certificate or other instrument delivered by or on behalf of the Company pursuant to this Agreement shall be deemed representations and warranties of the Company under this Agreement.  Subject to the preceding sentence, the Financing Agreements embody the entire agreement and understanding between each Purchaser and the Company and supersede all prior agreements and understandings relating to the subject matter hereof.
		

		
			Section 14.Amendment and Waiver.
		

		
			Section 14.1.Requirements.  This Agreement and the Bonds may be amended, and the observance of any term hereof or of the Bonds may be waived (either retroactively or prospectively), with (and only with) the written consent of the Company and the Required Holders, except that (i) no amendment or waiver of any of the provisions of Section 1, 2, 3, 4, 5, 6 or 19 hereof, or any defined term, will be effective as to any holder of Bonds unless consented to by such holder of Bonds in writing, and (ii) no such amendment or waiver may, without the written consent of all of the holders of Bonds at the time outstanding affected thereby, (A) subject to the provisions of the Indenture relating to acceleration, change the amount or time of any prepayment or payment of principal of, or reduce the rate or change the time of payment or method of computation of interest (if such change results in a decrease in the interest rate) or of the Make-Whole Amount on, the Bonds, (B) change the percentage of the principal amount of the Bonds the holders of which are required to consent to any such amendment or waiver, or (C) amend any of Sections 8, 14 or 18.  
		

		

		

		 

		

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		Section 14.2.Solicitation of Holders of Bonds.
		

		
			(a)Solicitation.  The Company will provide each holder of the Bonds (irrespective of the amount of Bonds then owned by it) with sufficient information, sufficiently far in advance of the date a decision is required, to enable such holder to make an informed and considered decision with respect to any proposed amendment, waiver or consent in respect of any of the provisions hereof or of the Bonds.  The Company will deliver executed or true and correct copies of each amendment, waiver or consent effected pursuant to the provisions of this Section 14 to each holder of outstanding Bonds promptly following the date on which it is executed and delivered by, or receives the consent or approval of, the requisite holders of Bonds.
		

		
			(b)Payment.  The Company will not directly or indirectly pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise (other than legal fees or other related expenses), or grant any security or provide other credit support, to any holder of Bonds as consideration for or as an inducement to the entering into by any holder of Bonds of any waiver or amendment of any of the terms and provisions hereof or of the Bonds unless such remuneration is concurrently paid, or security is concurrently granted or other credit support concurrently provided, on the same terms, ratably to each holder of Bonds then outstanding even if such holder did not consent to such waiver or amendment.
		

		
			(c)Consent in Contemplation of Transfer.  Any consent made pursuant to this Section 14 by the holder of any Bond that has transferred or has agreed to transfer such Bond to the Company, any Subsidiary or any Affiliate of the Company and has provided or has agreed to provide such written consent as a condition to such transfer shall be void and of no force or effect except solely as to such holder, and any amendments effected or waivers granted or to be effected or granted that would not have been or would not be so effected or granted but for such consent (and the consents of all other holders of Bonds that were acquired under the same or similar conditions) shall be void and of no force or effect except solely as to such transferring holder.
		

		
			Section 14.3.Binding Effect, Etc.  Any amendment or waiver consented to as provided in this Section 14 applies equally to all holders of Bonds and is binding upon them and upon each future holder of any Bond and upon the Company without regard to whether such Bond has been marked to indicate such amendment or waiver.  No such amendment or waiver will extend to or affect any obligation, covenant, agreement, Default or Event of Default not expressly amended or waived or impair any right consequent thereon.  No course of dealing between the Company and the holder of any Bond nor any delay in exercising any rights hereunder or under any Bond shall operate as a waiver of any rights of any holder of such Bond.  As used herein, the term “this Agreement” and references thereto shall mean this Agreement as it may from time to time be amended or supplemented.
		

		
			Section 14.4.Bonds Held by Company, Etc.  Solely for the purpose of determining whether the holders of the requisite percentage of the aggregate principal amount of Bonds then outstanding approved or consented to any amendment, waiver or consent to be given under this Agreement or the Bonds, or have directed the taking of any action provided herein or in the Bonds to be taken upon the direction of the holders of a specified percentage of the aggregate 
		

		 

		

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		principal amount of Bonds then outstanding, Bonds directly or indirectly owned by the Company or any of its Affiliates shall be deemed not to be outstanding.
		

		
			Section 15.Notices.
		

		
			All notices and communications provided for hereunder shall be in writing and sent (a) by telecopy if the sender on the same day sends a confirming copy of such notice by a recognized overnight delivery service (charges prepaid), or (b) by registered or certified mail with return receipt requested (postage prepaid), or (c) by a recognized overnight delivery service (with charges prepaid).  Any such notice must be sent:
		

		
			(i)if to any Purchaser or its nominee, to such Purchaser or nominee at the address specified for such communications in Schedule A, or at such other address as such Purchaser or nominee shall have specified to the Company in writing,
		

		
			(ii)if to any other holder of any Bond, to such holder at such address as such other holder shall have specified to the Company in writing, or
		

		
			(iii)if to the Company, to the Company at its address set forth at the beginning hereof to the attention of 762 West Lancaster Avenue, Bryn Mawr, Pennsylvania 19010-3489, or at such other address as the Company shall have specified to the holder of each Bond in writing, or
		

		
			(iv)if to the Trustee, to BNY Mellon Trust Company N.A., as Trustee, Attention:  Client Service Management, 500 Ross Street, 12th Floor,  Pittsburgh, PA 15262, or at such other address as the Trustee shall have specified to the Company and each other party hereto in writing.
		

		
			Notices under this Section 15 will be deemed given only when actually received.
		

		
			Section 16.Indemnification.
		

		
			The Company hereby agrees to indemnify and hold the Purchasers harmless from, against and in respect of any and all loss, liability and expense (including reasonable attorneys’ fees) arising from any misrepresentation or nonfulfillment of any undertaking on the part of the Company under this Agreement.  The indemnification obligations of the Company under this Section 16 shall survive the execution and delivery of this Agreement, the delivery of the Bonds to the Purchasers and the consummation of the transactions contemplated herein.
		

		
			Section 17.Reproduction of Documents.
		

		
			This Agreement and all documents relating thereto, including, without limitation, (a) consents, waivers and modifications that may hereafter be executed, (b) documents received by any Purchaser at the Closing (except the Bonds themselves), and (c) financial statements, certificates and other information previously or hereafter furnished to any Purchaser, may be 
		

		 

		

			-23-

		

 

		

			 

		

		reproduced by such Purchaser by any photographic, photostatic, electronic, digital, or other similar process and such Purchaser may destroy any original document so reproduced.  The Company agrees and stipulates that, to the extent permitted by applicable law, any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding (whether or not the original is in existence and whether or not such reproduction was made by such Purchaser in the regular course of business) and any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence.  This Section 17 shall not prohibit the Company or any other holder of Bonds from contesting any such reproduction to the same extent that it could contest the original, or from introducing evidence to demonstrate the inaccuracy of any such reproduction.
		

		
			Section 18.Confidential Information.
		

		
			For the purposes of this Section 18, “Confidential Information” means information delivered to any Purchaser by or on behalf of the Company or any Subsidiary in connection with the transactions contemplated by or otherwise pursuant to this Agreement that is proprietary in nature and that was clearly marked or labeled or otherwise adequately identified when received by such Purchaser as being confidential information of the Company or such Subsidiary, provided that such term does not include information that (a) was publicly known or otherwise known to such Purchaser prior to the time of such disclosure, (b) subsequently becomes publicly known through no act or omission by such Purchaser or any person acting on such Purchaser’s behalf, (c) otherwise becomes known to such Purchaser other than through disclosure by the Company or any Subsidiary or (d) constitutes financial statements delivered to such Purchaser under Section 7.1 of this Agreement or under the Indenture that are otherwise publicly available.  Each Purchaser will maintain the confidentiality of such Confidential Information in accordance with procedures adopted by such Purchaser in good faith to protect confidential information of third parties delivered to such Purchaser, provided that such Purchaser may deliver or disclose Confidential Information to (i) its directors, trustees, officers, employees, agents, attorneys and affiliates (to the extent such disclosure reasonably relates to the administration of the investment represented by Bonds), (ii) its financial advisors and other professional advisors who agree to hold confidential the Confidential Information substantially in accordance with the terms of this Section 18, (iii) the Trustee or any other holder of any Bond, (iv) any Institutional Investor to which it sells or offers to sell such Bond or any part thereof or any participation therein (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this Section 18), (v) any Person from which it offers to purchase any security of the Company (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this Section 18), (vi) any federal or state or provincial regulatory authority having jurisdiction over such Purchaser, (vii) the NAIC or the SVO or, in each case, any similar organization, or any nationally recognized rating agency that requires access to information about such Purchaser’s investment portfolio, or (viii) any other Person to which such delivery or disclosure may be necessary or appropriate (w) to effect compliance with any law, rule, regulation or order applicable to such Purchaser, (x) in response to any subpoena or other legal process, (y) in connection with any litigation to which such Purchaser is a party or (z) if an Event of Default has occurred and is continuing, to the extent such Purchaser may reasonably determine such delivery and disclosure to be necessary or appropriate in the enforcement or for the protection of the rights and remedies under any 
		

		 

		

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		Financing Agreement.  Each holder of a Bond, by its acceptance of a Bond, will be deemed to have agreed to be bound by and to be entitled to the benefits of this Section 18 as though it were a party to this Agreement.  On reasonable request by the Company in connection with the delivery to any holder of a Bond of information required to be delivered to such holder under this Agreement or requested by such holder (other than a holder that is a party to this Agreement or its nominee), such holder will enter into an agreement with the Company embodying the provisions of this Section 18.
		

		
			In the event that as a condition to receiving access to information relating to the Company or its Subsidiaries in connection with the transactions contemplated by or otherwise pursuant to this Agreement, any Purchaser or holder of a Bond is required to agree to a confidentiality undertaking (whether through EMMA, another secure website, a secure virtual workspace or otherwise) which is different from this Section 18, this Section 18 shall not be amended thereby and, as between such Purchaser or such holder and the Company, this Section 18 shall supersede any such other confidentiality undertaking.
		

		
			Section 19.  Miscellaneous.
		

		
			Section 19.1.Successors and Assigns.  All covenants and other agreements contained in this Agreement by or on behalf of any of the parties hereto bind and inure to the benefit of their respective successors and assigns (including, without limitation, any subsequent holder of a Bond) whether so expressed or not.
		

		
			Section 19.2.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, (a) all computations made pursuant to this Agreement shall be made in accordance with GAAP, and (b) all financial statements shall be prepared in accordance with GAAP.  For purposes of determining compliance with the financial covenants contained in the Financing Agreements, if any, any election by the Company to measure Debt 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 and such Debt shall be valued at not less than 100% of the principal amount thereof.
		

		
			Section 19.3.Severability.  Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall (to the full extent permitted by law) not invalidate or render unenforceable such provision in any other jurisdiction.
		

		
			Section 19.4.Construction, Etc.  Each covenant contained herein shall be construed (absent express provision to the contrary) as being independent of each other covenant contained herein, so that compliance with any one covenant shall not (absent such an express contrary provision) be deemed to excuse compliance with any other covenant.  Where any provision 
		

		 

		

			-25-

		

 

		

			 

		

		herein refers to action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such Person.
		

		
			For the avoidance of doubt, all Schedules and Exhibits attached to this Agreement shall be deemed to be a part hereof.
		

		
			Section 19.5.Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be an original but all of which together shall constitute one instrument.  Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto.
		

		
			Section 19.6.Governing Law.  This Agreement shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the law of the Commonwealth of Pennsylvania excluding choice‐of‐law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State.
		

		
			Section 19.7.Jurisdiction and Process; Waiver of Jury Trial.  (a) The Company irrevocably submits to the non-exclusive jurisdiction of any Pennsylvania State or federal court sitting in Philadelphia, Pennsylvania, over any suit, action or proceeding arising out of or relating to this Agreement or the Bonds.  To the fullest extent permitted by applicable law, the Company irrevocably waives and agrees not to assert, by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.
		

		
			(b)The Company consents to process being served by or on behalf of any holder of Bonds in any suit, action or proceeding of the nature referred to in Section 19.7(a) by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, return receipt requested, to it at its address specified in Section 15 or at such other address of which such holder shall then have been notified pursuant to said Section.  The Company agrees that such service upon receipt (i) shall be deemed in every respect effective service of process upon it in any such suit, action or proceeding and (ii) shall, to the fullest extent permitted by applicable law, be taken and held to be valid personal service upon and personal delivery to it.  Notices hereunder shall be conclusively presumed received as evidenced by a delivery receipt furnished by the United States Postal Service or any reputable commercial delivery service.
		

		
			(c)Nothing in this Section 19.7 shall affect the right of any holder of a Bond to serve process in any manner permitted by law, or limit any right that the holders of any of the Bonds may have to bring proceedings against the Company in the courts of any appropriate jurisdiction or to enforce in any lawful manner a judgment obtained in one jurisdiction in any other jurisdiction.
		

		

		

		 

		

			-26-

		

 

		

			 

		

		(d)The parties hereto hereby waive trial by jury in any action brought on or with respect to this Agreement, the Bonds or any other document executed in connection herewith or therewith.
		

		
			Section 19.8.Payments Due on Non-Business Days.  Anything in this Agreement or the Bonds to the contrary notwithstanding, any payment of principal of or Make-Whole Amount or interest on any Bond that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that if the maturity date of any Bond is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day.
		

		
			*   *   *   *   *
		

		

		

		 

		

			-27-

		

 

		

			 

		

		If you are in agreement with the foregoing, please sign the form of agreement on a counterpart of this Bond Purchase Agreement and return it to the Company, whereupon this Agreement shall become a binding agreement between you and the Company.
		

		
			 
		

		
			Very truly yours,
		

		
			 
		

		
			Aqua Pennsylvania, Inc.
		

		
			 
		

		
			 
		

		
			 
		

		
			By /s/ David P. Smeltzer
		

		
			Name:  David P. Smeltzer
		

		
			Its:  Chief Financial Officer
		

		
			 
		

		
			 
		

		

		

		 

		

			-28-

		

 

		

			 

		

		
		

		
			Accepted as of the date first written above.
		

		
			 
		

		
			Thrivent Financial for Lutherans
		

		
			 
		

		
			 
		

		
			 
		

		
			By:  /s/ Martin Rosacker
		

		
			Name:  Martin Rosacker
		

		
			Title:  Managing Director
		

		
			 
		

		

		

		 

		

			-29-

		

 

		

			 

		

		Accepted as of the date first written above.
		

		
			 
		

		
			State Farm Life Insurance Company
		

		
			 
		

		
			 
		

		
			By: /s/ Julie Hoyer
		

		
			Julie Hoyer
		

		
			Senior Investment Officer—Fixed Income
		

		
			 
		

		
			 
		

		
			By: /s/ Christiane M. Stoffer
		

		
			Christiane M. Stoffer
		

		
			Assistant Secretary
		

		
			 
		

		
			 
		

		
			State Farm Life and Accident Assurance Company
		

		
			 
		

		
			 
		

		
			By: /s/ Julie Hoyer
		

		
			Julie Hoyer
		

		
			Senior Investment Officer—Fixed Income
		

		
			 
		

		
			 
		

		
			By: /s/ Christiane M. Stoffer
		

		
			Christiane M. Stoffer
		

		
			Assistant Secretary
		

		
			 
		

		
			 
		

		
			State Farm Insurance Companies Employee Retirement Trust
		

		
			 
		

		
			 
		

		
			By: /s/ Julie Hoyer
		

		
			Julie Hoyer
		

		
			Senior Investment Officer—Fixed Income
		

		
			 
		

		
			 
		

		
			By: /s/ Christiane M. Stoffer
		

		
			Christiane M. Stoffer
		

		
			Assistant Secretary
		

		
			 
		

		

		

		 

		

			-30-

		

 

		

			 

		

		Accepted as of the date first written above.
		

		
			 
		

		
			John Hancock Life Insurance Company (U.S.A.)
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ Pradeep Killamsetty
		

		
			Name:  Pradeep Killamsetty
		

		
			Title:  Managing Director
		

		
			 
		

		
			 
		

		
			John Hancock Life & Health Insurance Company
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ Pradeep Killamsetty
		

		
			Name:  Pradeep Killamsetty
		

		
			Title:  Managing Director
		

		
			 
		

		

		

		 

		

			-31-

		

 

		

			 

		

		Accepted as of the date first written above.
		

		
			 
		

		
			The Lincoln National Life Insurance Company
		

		
			 
		

		
			By:Delaware Investment Advisers, a series of Delaware Management Business Trust,  Attorney in Fact
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ Karl Spaeth
		

		
			Name:  Karl Spaeth
		

		
			Title:  Vice President
		

		

		

		 

		

			-32-

		

 

		

			 

		

		Accepted as of the date first written above.
		

		
			 
		

		
			Teachers Insurance and Annuity Association of America
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ Matthew W. Smith
		

		
			Name:  Matthew W. Smith
		

		
			Title:  Director
		

		

		

		 

		

			-33-

		

 

		

			 

		

		Accepted as of the date first written above.
		

		
			 
		

		
			CMFG Life Insurance Company
		

		
			 
		

		
			By:MEMBERS Capital Advisors, Inc.
acting as Investment Advisor
		

		
			 
		

		
			 
		

		
			 
		

		
			By:  /s/ Allen R. Cantrell
		

		
			Name:  Allen R. Cantrell
		

		
			Title:  Managing Director, Investments
		

		

		

		 

		

			-34-

		

 

		

			 

		

		Accepted as of the date first written above.
		

		
			 
		

		
			Genworth Life Insurance Company
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ Stephen DeMotto
		

		
			Name:  Stephen DeMotto
		

		
			Title:  Investment Officer
		

		
			 
		

		

		

		 

		

			-35-

		

 

		

			 

		

		Accepted as of the date first written above.
		

		
			 
		

		
			Phoenix Life Insurance Company
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ Christopher M. Wilkos
		

		
			Name:  Christopher M. Wilkos
		

		
			Title:  Executive Vice President
		

		
			 
		

		
			 
		

		
			PHL Variable Insurance Company
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ Christopher M. Wilkos
		

		
			Name:  Christopher M. Wilkos
		

		
			Title:  Executive Vice President
		

		

		

		 

		

			-36-

		

 

		

			 

		

		Accepted as of the date first written above.
		

		
			 
		

		
			United of Omaha Life Insurance Company
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ Lee R. Martin
		

		
			Name:  Lee R. Martin
		

		
			Title:  Vice President
		

		

		

		 

		

			-37-

		

 

		

			 

		

		Accepted as of the date first written above.
		

		
			 
		

		
			The State Life Insurance Company
		

		
			 
		

		
			By:American United Life Insurance Company
		

		
			Its:Agent
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ David M. Weisenburger
		

		
			Name:  David M. Weisenburger
		

		
			Title:  VP, Fixed Income Securities
		

		
			 
		

		
			 
		

		
			Pioneer Mutual Life Insurance Company 
		

		
			 
		

		
			By:American United Life Insurance Company
		

		
			Its:Agent
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ David M. Weisenburger
		

		
			Name:  David M. Weisenburger
		

		
			Title:  VP, Fixed Income Securities
		

		
			 
		

		
			 
		

		

		

		 

		

			-38-

		

 

		

			 

		

		Accepted as of the date first written above.
		

		
			 
		

		
			MONY Life Insurance Company
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ Philip E. Passafiume
		

		
			Name:  Philip E. Passafiume
		

		
			Title:  Director, Fixed Income
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			-39-

		

 

		

			 

		

		Information Relating to Purchasers
		

		
			 
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						Thrivent Financial for Lutherans

					
						Attn:  Investment Division-Private Placements

					
						625 Fourth Avenue South

					
						Minneapolis, MN  55415

					
						Fax:  (612) 844-4027

					
						Email: privateinvestments@thrivent.com

					
						 

					
						*Please issue notes in increments of no more than $5 million.

					
						*Please register notes in the name of Swanbird & Co.

					
						 

					
					
						A

					
						A

					
						B

					
						B

					
						B

					
						C

					
						C

					
						C

					
						C

					
						D

					
						E

					
						F

					
					
						$5,000,000

					
						$5,000,000

					
						$5,000,000

					
						$5,000,000

					
						$5,000,000

					
						$5,000,000

					
						$5,000,000

					
						$5,000,000

					
						$2,000,000

					
						$2,000,000

					
						$5,000,000

					
						$5,000,000

				

		
			 
		

		
			Payments
		

		
			 
		

		
			ABA # 011000028
		

		
			State Street Bank & Trust Co.
		

		
			DDA # A/C – 6813-049-1
		

		
			Fund Number: NCE1
		

		
			Fund Name: Thrivent Financial for Lutherans
		

		
			 
		

		
			All payments must include the following information:
		

		
			 
		

		
			Security Description
		

		
			Private Placement Number
		

		
			Reference Purpose of Payment
		

		
			Interest and/or Principal Breakdown
		

		
			Notices
		

		
			Notices of payments and written confirmation of such wire transfers to:
		

		
			 
		

		
			Investment Division-Private Placements
		

		
			Attn: Martin Rosacker
		

		
			Thrivent Financial for Lutherans
		

		
			625 Fourth Avenue South
		

		
			Minneapolis, MN 55415
		

		
			Fax: (612) 844-4027
		

		
			Email: privateinvestments@thrivent.com
		

		
			 
		

		

		

		 

		

			Schedule A
(to Bond Purchase Agreement)

		

 

		

			 

		

		With a copy to:
		

		
			 
		

		
			ATT: Jeremy Anderson or Harmon Bergenheier
		

		
			Thrivent Financial for Lutherans
		

		
			625 Fourth Avenue South
		

		
			Minneapolis, MN 55415
		

		
			Email: boxprivateplacement@thrivent.com
		

		
			All other communications to:
		

		
			 
		

		
			Thrivent Financial for Lutherans
		

		
			Attn:  Investment Division-Private Placements
		

		
			625 Fourth Avenue South
		

		
			Minneapolis, MN  55415
		

		
			Fax:  (612) 844-4027
		

		
			Email: privateinvestments@thrivent.com
		

		
			 
		

		
			Physical Delivery of Bonds
		

		
			 
		

		
			DTCC
		

		
			Newport Office Center
		

		
			570 Washington Blvd
		

		
			Jersey City, NJ 07310
		

		
			Attn: 5th floor / NY Window / Robert Mendez
		

		
			Ref: State Street Account 
		

		
			 Fund Name:  Thrivent Financial for Lutherans 
		

		
			 Fund Number:  NCE1
		

		
			 Nominee Name:  Swanbird & Co.
		

		
			 Nominee Tax ID Number: 04-3475606
		

		
			 
		

		
			With a .pdf copy to:
		

		
			 
		

		
			Taiesha McBroom taiesha.mcbroom@thrivent.com and
		

		
			Lisa Corbin lisa.corbin@thrivent.com
		

		
			Name of Nominee in which Bonds are to be issued:  Swanbird & Co.
		

		
			Taxpayer I.D. Numbers:  
		

		
			 
		

		
			Thrivent Financial for Lutherans:   39-0123480
		

		
			Swanbird & Co:   04-3475606
		

		
			 
		

		

		

		 

		

			A-2

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						State Farm Life Insurance Company

					
						One State Farm Plaza

					
						Bloomington, IL   61710

					
					
						A

					
					
						$40,000,000

				

		
			 
		

		
			Payments
		

		
			Wire Transfer Instructions:
		

		
			 
		

		
			JPMorganChase
		

		
			ABA#021000021
		

		
			Attn:SSG Private Income Processing
		

		
			A/C#9009000200
		

		
			For further credit to:State Farm Life Insurance Company
		

		
			Custody Account # G06893
		

		
			RE:Aqua Pennsylvania, Inc., 3.77% First Mortgage Bonds Series A

due January 15, 2036, PPN #: 03842* AQ9, Maturity Date: January 15, 2036
		

		
			Notices
		

		
			Send notices, financial statements, officer’s certificates and other correspondence to:
		

		
			 
		

		
			State Farm Life Insurance Company
		

		
			Investment Dept. E-8
		

		
			One State Farm Plaza
		

		
			Bloomington, IL   61710
		

		
			If by E-Mail:privateplacements@statefarm.com
		

		
			 
		

		
			Send confirms to:
		

		
			 
		

		
			State Farm Life Insurance Company
		

		
			Investment Accounting Dept. D-3
		

		
			One State Farm Plaza
		

		
			Bloomington, IL   61710
		

		
			Physical Delivery of Bonds
		

		
			Send the original security (via registered mail) to:
		

		
			 
		

		
			JPMorgan Chase Bank, N.A.
4 Chase Metrotech Center
3rd Floor
Brooklyn, New York 11245-0001
Attention:  Physical Receive Department
		

		
			Account: G06893
		

		
			 
		

		

		

		 

		

			A-3

		

 

		

			 

		

		With a copy to:
		

		
			 
		

		
			State Farm Insurance Companies
		

		
			One State Farm Plaza
		

		
			Bloomington, Illinois 61710
		

		
			Attn:   Corporate Law-Investments, A-3
		

		
			Christiane M. Stoffer, Associate General Counsel  
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  37-0533090
		

		
			 
		

		

		

		 

		

			A-4

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						State Farm Life and Accident Assurance Company

					
						One State Farm Plaza

					
						Bloomington, IL   61710

					
					
						A

					
					
						$2,500,000

				

		
			 
		

		
			Payments
		

		
			Wire Transfer Instructions:
		

		
			 
		

		
			JPMorganChase
		

		
			ABA#021000021
		

		
			Attn:SSG Private Income Processing
		

		
			A/C#9009000200
		

		
			For further credit to:State Farm Life and Accident Assurance Company
		

		
			Custody Account # G06895
		

		
			RE:Aqua Pennsylvania, Inc., 3.77% First Mortgage Bonds Series A

due January 15, 2036, PPN #: 03842* AQ9, Maturity Date: January 15, 2036
		

		
			Notices
		

		
			Send notices, financial statements, officer’s certificates and other correspondence to:
		

		
			 
		

		
			State Farm Life and Accident Assurance Company
		

		
			Investment Dept. E-8
		

		
			One State Farm Plaza
		

		
			Bloomington, IL   61710
		

		
			If by E-Mail:privateplacements@statefarm.com
		

		
			 
		

		
			Send confirms to:
		

		
			 
		

		
			State Farm Life and Accident Assurance Company
		

		
			Investment Accounting Dept. D-3
		

		
			One State Farm Plaza
		

		
			Bloomington, IL   61710
		

		
			Physical Delivery of Bonds
		

		
			Send the original security (via registered mail) to:
		

		
			 
		

		
			JPMorgan Chase Bank, N.A.
4 Chase Metrotech Center
3rd Floor
Brooklyn, New York 11245-0001
Attention:  Physical Receive Department
		

		
			Account: G06895
		

		

		

		 

		

			A-5

		

 

		

			 

		

		With a copy to:
		

		
			 
		

		
			State Farm Insurance Companies
		

		
			One State Farm Plaza
		

		
			Bloomington, Illinois 61710
		

		
			Attn:   Corporate Law-Investments, A-3
		

		
			Christiane M. Stoffer, Associate General Counsel  
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  37-0805091
		

		

		

		 

		

			A-6

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						State Farm Insurance Companies Employee Retirement Trust

					
						One State Farm Plaza

					
						Bloomington, IL   61710

					
					
						A

					
					
						$2,500,000

				

		
			 
		

		
			Payments
		

		
			Wire Transfer Instructions:
		

		
			 
		

		
			JPMorganChase
		

		
			ABA#021000021
		

		
			Attn:SSG Private Income Processing
		

		
			A/C#9009000200
		

		
			For further credit to:State Farm Insurance Companies Employee Retirement Trust
		

		
			Custody Account # G07251
		

		
			RE:Aqua Pennsylvania, Inc., 3.77% First Mortgage Bonds Series A

due January 15, 2036, PPN #: 03842* AQ9, Maturity Date: January 15, 2036
		

		
			Notices
		

		
			Send notices, financial statements, officer’s certificates and other correspondence to:
		

		
			 
		

		
			State Farm Insurance Companies Employee Retirement Trust
		

		
			Investment Dept. E-8
		

		
			One State Farm Plaza
		

		
			Bloomington, IL   61710
		

		
			If by E-Mail:privateplacements@statefarm.com
		

		
			 
		

		
			Send confirms to:
		

		
			 
		

		
			State Farm Insurance Companies Employee Retirement Trust
		

		
			Investment Accounting Dept. D-3
		

		
			One State Farm Plaza
		

		
			Bloomington, IL   61710
		

		
			Physical Delivery of Bonds
		

		
			Send the original security (via registered mail) to:
		

		
			 
		

		
			JPMorgan Chase Bank, N.A.
4 Chase Metrotech Center
3rd Floor
Brooklyn, New York 11245-0001
Attention:  Physical Receive Department
		

		
			Account: G07251
		

		
			 
		

		

		

		 

		

			A-7

		

 

		

			 

		

		With a copy to:
		

		
			 
		

		
			State Farm Insurance Companies
		

		
			One State Farm Plaza
		

		
			Bloomington, Illinois 61710
		

		
			Attn:   Corporate Law-Investments, A-3
		

		
			Christiane M. Stoffer, Associate General Counsel  
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  36-6042145
		

		
			 
		

		

		

		 

		

			A-8

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						John Hancock Life Insurance Company (U.S.A.)

					
						197 Clarendon Street

					
						Boston, MA  02116

					
					
						D

					
						E

					
					
						$12,000,000

					
						$8,000,000

				

		
			 
		

		
			Payments
		

		
			All payments to be by bank wire transfer of immediately available funds to:
		

		
			 
		

		
			Bank Name:Bank of New York Mellon
		

		
			ABA Number:011001234
		

		
			Account Number:JPPF10010002
		

		
			Account Name:US PP Collector F008
		

		
			For Further Credit to:DDA Number 0000048771
		

		
			On Order of:Aqua Pennsylvania Inc
		

		
			Notices and Audit Requests
		

		
			All notices with respect to payments, prepayments (scheduled and unscheduled, whether partial or in full) and audit requests shall be sent to:
		

		
			 
		

		
			John Hancock Financial Services
		

		
			197 Clarendon Street
		

		
			Boston, MA 02116
		

		
			Attention:  Investment Administration
		

		
			Fax Number:  (617) 572-1799
		

		
			Email:  InvestmentAdministration@jhancock.com
		

		
			 
		

		
			All notices and communication with respect to compliance reporting, financial statements and related certifications shall be sent to:
		

		
			 
		

		
			John Hancock Financial Services
		

		
			197 Clarendon Street
		

		
			Boston, MA  02116
		

		
			Attention:  Bond and Corporate Finance, C-2
		

		
			Email Address:  powerteam@jhancock.com
		

		
			 
		

		
			All other notices shall be sent to:
		

		
			 
		

		
			John Hancock Financial ServicesandJohn Hancock Financial Services
		

		
			197 Clarendon Street197 Clarendon Street
		

		
			Boston, MA  02116Boston, MA  02116
		

		
			Attention:  Investment Law, C-3Attention:  Bond and Corporate Finance, C-2
		

		
			Fax Number:  (617) 572-9269Email Address:  powerteam@jhancock.com
		

		

		

		 

		

			A-9

		

 

		

			 

		

		Physical Delivery of Bonds
		

		
			 
		

		
			John Hancock Financial Services
		

		
			197 Clarendon Street, C-3-08
		

		
			Boston, MA  02116
		

		
			Attention:  Andrew Bobenski
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  01-0233346
		

		
			 
		

		

		

		 

		

			A-10

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						John Hancock Life & Health Insurance Company

					
						197 Clarendon Street

					
						Boston, MA  02116

					
					
						D

					
						E

					
					
						$2,000,000

					
						$2,000,000

				

		
			 
		

		
			Payments
		

		
			All payments to be by bank wire transfer of immediately available funds to:
		

		
			 
		

		
			Bank Name:Bank of New York Mellon
		

		
			ABA Number:011001234
		

		
			Account Number:JPPF10010002
		

		
			Account Name:US PP Collector F008
		

		
			For Further Credit to:DDA Number 0000048771
		

		
			On Order of:Aqua Pennsylvania Inc
		

		
			Notices and Audit Requests
		

		
			All notices with respect to payments, prepayments (scheduled and unscheduled, whether partial or in full) and audit requests shall be sent to:
		

		
			 
		

		
			John Hancock Financial Services
		

		
			197 Clarendon Street
		

		
			Boston, MA 02116
		

		
			Attention:  Investment Administration
		

		
			Fax Number:  (617) 572-1799
		

		
			Email:  InvestmentAdministration@jhancock.com
		

		
			 
		

		
			All notices and communication with respect to compliance reporting, financial statements and related certifications shall be sent to:
		

		
			 
		

		
			John Hancock Financial Services
		

		
			197 Clarendon Street
		

		
			Boston, MA  02116
		

		
			Attention:  Bond and Corporate Finance, C-2
		

		
			Email Address:  powerteam@jhancock.com
		

		
			 
		

		
			All other notices shall be sent to:
		

		
			 
		

		
			John Hancock Financial ServicesandJohn Hancock Financial Services
		

		
			197 Clarendon Street197 Clarendon Street
		

		
			Boston, MA  02116Boston, MA  02116
		

		
			Attention:  Investment Law, C-3Attention:  Bond and Corporate Finance, C-2
		

		
			Fax Number:  (617) 572-9269Email Address:  powerteam@jhancock.com
		

		

		

		 

		

			A-11

		

 

		

			 

		

		Physical Delivery of Bonds
		

		
			 
		

		
			John Hancock Financial Services
		

		
			197 Clarendon Street, C-3-08
		

		
			Boston, MA  02116
		

		
			Attention:  Andrew Bobenski
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  13-3072894
		

		
			 
		

		

		

		 

		

			A-12

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						The Lincoln National Life Insurance Company 

					
						c/o Delaware Investment Advisers

					
						2005 Market Street, Mail Stop 41-104

					
						Philadelphia, Pennsylvania  19103

					
						Attention:  Fixed Income Private Placements

					
						Private Placement Fax:  (215) 255-1654

					
					
						D

					
						D

					
					
						$6,000,000

					
						$3,000,000

				

		
			 
		

		
			SECURITY:   Aqua Pennsylvania Inc Series D 4.16% due 1/15/46
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Bond Amount

					
					
						Lincoln Account Name

					
					
						Custody Acct #

				
	
					
						$3,000,000

					
					
						The Lincoln National Life Insurance Company – Seg 76

					
					
						215736

				
	
					
						$6,000,000

					
					
						The Lincoln National Life Insurance Company – Seg 16

					
					
						216625

				

		
			 
		

		
			Payments
		

		
			PRINCIPAL & INTEREST PAYMENTS:
		

		
			 
		

		
			The Bank of New York Mellon
		

		
			(via Fed Wire)
		

		
			One Wall Street, New York, NY  10286
		

		
			ABA #:  021000018
		

		
			BENEFICIARY/Account #:  GLA 111566
		

		
			Acct Name:  The Bank of New York Mellon Private Placement Income Collection
		

		
			Bank to Bank Information Ref:  insert Custody Account# listed above
		

		
			PPN #/Sec Desc/ P&I Details 
		

		
			Reference Registered Holder:  The Lincoln National Life Insurance Company
		

		
			Notices
		

			
					
						 

					
					
						:

					
					
						:

				
	
					
						INVESTMENT ADVISER ADDRESS 

					
						-ALL COMMUNICATIONS

					
					
						TREASURY OPERATIONS

					
						--NOTICE OF PAYMENT ONLY:

					
					
						BANK ADDRESS

					
						--NOTICE OF PAYMENT ONLY:

				
	
					
						Delaware Investment Advisers

					
						2005 Market Street, Mail Stop 41-104

					
						Philadelphia, PA 19103

					
						Attn:  Fixed Income Private Placements

					
						Private Placement Fax:  215-255-1654

					
					
						Lincoln Financial Group

					
						1300 South Clinton St.  

					
						Fort Wayne, IN  46802

					
						Attn:  Inv Acctg–Treasury Operations

					
						Email:  securities_data_rese@lfg.com

					
					
						The Bank of New York Mellon

					
						P. O. Box 392003

					
						Pittsburgh, PA  15251-9003

					
						Attn:  Private Placement P & I Dept

					
						Ref:  Registered Holder/Sec 

Desc/PPN#

					
						Email: ppservicing@bnymellon.com

				

		
			 
		

		

		

		 

		

			A-13

		

 

		

			 

		

		
		

		
			Physical Delivery
		

		
			 
		

		
			FORWARD SECURITIES TO:The Depository Trust Company
		

		
			(via Express Delivery)570 Washington Blvd – 5th Floor
		

		
			Jersey City, New Jersey 07310
		

		
			ATTENTION:  BNY MELLON/BRANCH DEPOSIT DEPARTMENT
		

		
			(in cover letter reference note amt, acct name, and bank custody account #)
		

		
			 
		

		
			Please fax copy of cover letter to:  Karen Costa – The Bank of New York Mellon
		

		
			Fax #:  1-844-601-7769
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  35-0472300
		

		
			 
		

		

		

		 

		

			A-14

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						The Lincoln National Life Insurance Company 

					
						c/o Delaware Investment Advisers

					
						2005 Market Street, Mail Stop 41-104

					
						Philadelphia, Pennsylvania  19103

					
						Attention:  Fixed Income Private Placements

					
						Private Placement Fax:  (215) 255-1654

					
					
						E

					
					
						$5,000,000

				

		
			 
		

		
			SECURITY:   Aqua Pennsylvania Inc Series E 4.18% due 1/15/47
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Bond Amount

					
					
						Lincoln Account Name

					
					
						Custody Acct #

				
	
					
						$5,000,000

					
					
						The Lincoln National Life Insurance Company – Seg 16

					
					
						216625

				

		
			 
		

		
			Payments
		

		
			PRINCIPAL & INTEREST PAYMENTS:
		

		
			 
		

		
			The Bank of New York Mellon
		

		
			(via Fed Wire)
		

		
			One Wall Street, New York, NY  10286
		

		
			ABA #:  021000018
		

		
			BENEFICIARY/Account #:  GLA 111566
		

		
			Acct Name:  The Bank of New York Mellon Private Placement Income Collection
		

		
			Bank to Bank Information Ref:  insert Custody Account# listed above
		

		
			PPN #/Sec Desc/ P&I Details 
		

		
			Reference Registered Holder:  The Lincoln National Life Insurance Company
		

		
			Notices
		

			
					
						 

					
					
						:

					
					
						:

				
	
					
						INVESTMENT ADVISER ADDRESS 

					
						-ALL COMMUNICATIONS

					
					
						TREASURY OPERATIONS

					
						--NOTICE OF PAYMENT ONLY:

					
					
						BANK ADDRESS

					
						--NOTICE OF PAYMENT ONLY:

				
	
					
						Delaware Investment Advisers

					
						2005 Market Street, Mail Stop 41-104

					
						Philadelphia, PA 19103

					
						Attn:  Fixed Income Private Placements

					
						Private Placement Fax:  215-255-1654

					
					
						Lincoln Financial Group

					
						1300 South Clinton St.  

					
						Fort Wayne, IN  46802

					
						Attn:  Inv Acctg–Treasury Operations

					
						Email:  securities_data_rese@lfg.com

					
					
						The Bank of New York Mellon

					
						P. O. Box 392003

					
						Pittsburgh, PA  15251-9003

					
						Attn:  Private Placement P & I Dept

					
						Ref:  Registered Holder/Sec 

Desc/PPN#

					
						Email: ppservicing@bnymellon.com

				

		
			 
		

		

		

		 

		

			A-15

		

 

		

			 

		

		
		

		
			Physical Delivery
		

		
			 
		

		
			FORWARD SECURITIES TO:The Depository Trust Company
		

		
			(via Express Delivery)570 Washington Blvd – 5th Floor
		

		
			Jersey City, New Jersey 07310
		

		
			ATTENTION:  BNY MELLON/BRANCH DEPOSIT DEPARTMENT
		

		
			(in cover letter reference note amt, acct name, and bank custody account #)
		

		
			 
		

		
			Please fax copy of cover letter to:  Karen Costa – The Bank of New York Mellon
		

		
			Fax #:  1-844-601-7769
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  35-0472300
		

		

		

		 

		

			A-16

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						The Lincoln National Life Insurance Company 

					
						c/o Delaware Investment Advisers

					
						2005 Market Street, Mail Stop 41-104

					
						Philadelphia, Pennsylvania  19103

					
						Attention:  Fixed Income Private Placements

					
						Private Placement Fax:  (215) 255-1654

					
					
						F

					
					
						$10,000,000

				

		
			 
		

		
			SECURITY:  Aqua Pennsylvania Inc Series F 4.20% due 1/15/48
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Bond Amount

					
					
						Lincoln Account Name

					
					
						Custody Acct #

				
	
					
						$10,000,000

					
					
						The Lincoln National Life Insurance Company – Seg 1

					
					
						215715

				

		
			 
		

		
			Payments
		

		
			PRINCIPAL & INTEREST PAYMENTS:
		

		
			 
		

		
			The Bank of New York Mellon
		

		
			(via Fed Wire)
		

		
			One Wall Street, New York, NY  10286
		

		
			ABA #:  021000018
		

		
			BENEFICIARY/Account #:  GLA 111566
		

		
			Acct Name:  The Bank of New York Mellon Private Placement Income Collection
		

		
			Bank to Bank Information Ref:  insert Custody Account# listed above
		

		
			PPN #/Sec Desc/ P&I Details 
		

		
			Reference Registered Holder:  The Lincoln National Life Insurance Company
		

		
			Notices
		

			
					
						 

					
					
						:

					
					
						:

				
	
					
						INVESTMENT ADVISER ADDRESS 

					
						-ALL COMMUNICATIONS

					
					
						TREASURY OPERATIONS

					
						--NOTICE OF PAYMENT ONLY:

					
					
						BANK ADDRESS

					
						--NOTICE OF PAYMENT ONLY:

				
	
					
						Delaware Investment Advisers

					
						2005 Market Street, Mail Stop 41-104

					
						Philadelphia, PA 19103

					
						Attn:  Fixed Income Private Placements

					
						Private Placement Fax:  215-255-1654

					
					
						Lincoln Financial Group

					
						1300 South Clinton St.  

					
						Fort Wayne, IN  46802

					
						Attn:  Inv Acctg–Treasury Operations

					
						Email:  securities_data_rese@lfg.com

					
					
						The Bank of New York Mellon

					
						P. O. Box 392003

					
						Pittsburgh, PA  15251-9003

					
						Attn:  Private Placement P & I Dept

					
						Ref:  Registered Holder/Sec 

Desc/PPN#

					
						Email: ppservicing@bnymellon.com

				

		
			 
		

		

		

		 

		

			A-17

		

 

		

			 

		

		
		

		
			Physical Delivery
		

		
			 
		

		
			FORWARD SECURITIES TO:The Depository Trust Company
		

		
			(via Express Delivery)570 Washington Blvd – 5th Floor
		

		
			Jersey City, New Jersey 07310
		

		
			ATTENTION:  BNY MELLON/BRANCH DEPOSIT DEPARTMENT
		

		
			(in cover letter reference note amt, acct name, and bank custody account #)
		

		
			 
		

		
			Please fax copy of cover letter to:  Karen Costa – The Bank of New York Mellon
		

		
			Fax #:  1-844-601-7769
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  35-0472300
		

		
			 
		

		

		

		 

		

			A-18

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						Teachers Insurance and Annuity Association of America

					
						8500 Andrew Carnegie Boulevard

					
						Charlotte, North Carolina 28262

					
					
						D

					
					
						$20,000,000

				

		
			 
		

		
			Payments
		

		
			All payments on or in respect of the Series D Bonds shall be made in immediately available funds on the due date by electronic funds transfer, through the Automated Clearing House System, to:
		

		
			 
		

		
			JPMorgan Chase Bank, N.A.
		

		
			ABA # 021-000-021
		

		
			Account Number: 900-9-000200
		

		
			Account Name:  TIAA
		

		
			For Further Credit to the Account Number: G07040
		

		
			Reference:  PPN: 03842* AT3/Aqua Pennsylvania, Inc. 
		

		
			Maturity Date: January 15, 2046/Interest Rate: 4.16%/P&I Breakdown
		

		
			Payment Notices
		

		
			All notices with respect to payments and prepayments of the Series D Bonds shall be sent to:
		

		
			 
		

		
			Teachers Insurance and Annuity Association of America
		

		
			730 Third Avenue
		

		
			New York, New York 10017
		

		
			Attention: Securities Accounting Division
		

		
			Phone: (212) 916-5504
		

		
			Email: jpiperato@tiaa-cref.org or mwolfe@tiaa-cref.org
		

		
			 
		

		
			With a copy to:
		

		
			 
		

		
			JPMorgan Chase Bank, N.A.
		

		
			P.O. Box 35308
		

		
			Newark, New Jersey 07101
		

		
			 
		

		

		

		 

		

			A-19

		

 

		

			 

		

		
		

		
			And to:
		

		
			 
		

		
			Teachers Insurance and Annuity Association of America
		

		
			8500 Andrew Carnegie Boulevard
		

		
			Charlotte, North Carolina 28262
		

		
			Attention: Global Private Markets
		

		
			Telephone: (704) 988-4349 (Ho Young Lee)
		

		
			(704) 988-1000 (General Number)
		

		
			Facsimile: (704) 988-4916
		

		
			Email:hlee@tiaa-cref.org
		

		
			 
		

		
			Contemporaneous written confirmation of any electronic funds transfer shall be sent to the above addresses setting forth (1) the full name, private placement number, interest rate and maturity date of the Series D Bonds, (2) allocation of payment between principal, interest, Make-Whole Amount, other premium or any special payment and (3) the name and address of the bank from which such electronic funds transfer was sent.
		

		
			Other Notices and Communications
		

		
			All other notices and communications shall be delivered or mailed to:
		

		
			 
		

		
			Teachers Insurance and Annuity Association of America
		

		
			8500 Andrew Carnegie Boulevard
		

		
			Charlotte, North Carolina 28262
		

		
			Attention: Global Private Markets
		

		
			Telephone:(704) 988-4349 (Ho Young Lee)
		

		
			(704) 988-1000 (General Number)
		

		
			Facsimile:(704) 988-4916
		

		
			Email:            hlee@tiaa-cref.org
		

		
			 
		

		
			Physical Delivery of Series D Bonds:
		

		
			 
		

		
			JPMorgan Chase Bank, N.A.
		

		
			4 Chase Metrotech Center
		

		
			3rd Floor
		

		
			Brooklyn, New York 11245-0001
		

		
			Attention: Physical Receive Department
		

		
			For TIAA A/C #G07040
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  13-1624203
		

		

		

		 

		

			A-20

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						CMFG Life Insurance Company
(nominee name TURNKEYS & CO)

					
						c/o Members Capital Advisors, Inc.

					
						Attn:  Private Placements

					
						5910 Mineral Point Road

					
						Madison, Wisconsin  53705-4456

					
					
						A

					
					
						$7,000,000

				

		
			 
		

		
			Payments
		

		
			All payments by wire or intrabank transfer of immediately available funds to:
		

		
			 
		

		
			ABA: 011000028
		

		
			Bank: State Street Bank
		

		
			Account Name: CMFG Life Insurance Company
		

		
			DDA #: 1662-544-4
		

		
			REFERENCE FUND: ZT1E
		

		
			Nominee Name: TURNKEYS & CO
		

		
			Notices
		

		
			All notices of payments, wires, audit confirmations, compliance and Financials shall be EMAILED to:
		

		
			 
		

		
			EMAIL: DS-PRIVATEPLACEMENTS@CUNAMUTUAL.COM
		

		
			 
		

		
			All Legal communications shall be EMAILED to:
		

		
			 
		

		
			EMAIL: DS-PRIVATEPLACEMENTS@CUNAMUTUAL.COM
		

		
			EMAIL: RALPH.GUNDRUM@CUNAMUTUAL.COM
		

		
			Physical Delivery of Bonds
		

		
			All Securities Being Purchased Should Be Registered In (See Nominee Name) and Notes Delivered To:
		

		
			 
		

		
			DTCC
		

		
			Newport Office Center
		

		
			570 Washington Boulevard
		

		
			Jersey City, NJ  07310
		

		
			5th Floor / NY Window / Robert Mendez
		

		
			FBO:  State Street Bank & Trust for account ZT1E
		

		

		

		 

		

			A-21

		

 

		

			 

		

		Name of Nominee in which Bonds are to be issued:  TURNKEYS & CO
		

		
			Taxpayer I.D. Number for CMFG Life Insurance Company:  39-0230590
		

		
			Taxpayer I.D. Number for TURNKEYS & CO:  03-0400481
		

		

		

		 

		

			A-22

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						CMFG Life Insurance Company
(nominee name TURNKEYS & CO)

					
						c/o Members Capital Advisors, Inc.

					
						Attn:  Private Placements

					
						5910 Mineral Point Road

					
						Madison, Wisconsin  53705-4456

					
					
						A

					
					
						$3,000,000

				

		
			 
		

		
			Payments
		

		
			All payments by wire or intrabank transfer of immediately available funds to:
		

		
			 
		

		
			ABA: 011000028
		

		
			Bank: State Street Bank
		

		
			Account Name: CMFG Life Members Zone
		

		
			DDA #: 1026-256-6
		

		
			REFERENCE FUND: ZTAV
		

		
			Nominee Name: TURNKEYS & CO
		

		
			Notices
		

		
			All notices of payments, wires, audit confirmations, compliance and Financials shall be EMAILED to:
		

		
			 
		

		
			EMAIL: DS-PRIVATEPLACEMENTS@CUNAMUTUAL.COM
		

		
			 
		

		
			All Legal communications shall be EMAILED to:
		

		
			 
		

		
			EMAIL: DS-PRIVATEPLACEMENTS@CUNAMUTUAL.COM
		

		
			EMAIL: RALPH.GUNDRUM@CUNAMUTUAL.COM
		

		
			Physical Delivery of Bonds
		

		
			All Securities Being Purchased Should Be Registered In (See Nominee Name) and Notes Delivered To:
		

		
			 
		

		
			DTCC
		

		
			Newport Office Center
		

		
			570 Washington Boulevard
		

		
			Jersey City, NJ  07310
		

		
			5th Floor / NY Window / Robert Mendez
		

		
			FBO:  State Street Bank & Trust for account ZTAV
		

		

		

		 

		

			A-23

		

 

		

			 

		

		Name of Nominee in which Bonds are to be issued:  TURNKEYS & CO
		

		
			Taxpayer I.D. Number for CMFG Life Insurance Company:  39-0230590
		

		
			Taxpayer I.D. Number for TURNKEYS & CO:  03-0400481
		

		

		

		 

		

			A-24

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						Genworth Life Insurance Company

					
					
						B

					
					
						$5,000,000

				

		
			 
		

		
			Payments
		

		
			All payments on or in respect of the Notes to be by bank wire transfer of Federal or other immediately available funds to:
		

		
			 
		

		
			Bank of New York
		

		
			ABA #:021000018
		

		
			Account #:GLA111566
		

		
			SWIFT Code:IRVTUS3N
		

		
			Acct Name:Income Collection Dept
		

		
			Attn:Income Collection Department
		

		
			Reference:GLIC/ LILTC
		

		
			Account#:127458
		

		
			CUSIP/PPN & Security Description, and Identify Principal & Interest Amounts
		

		
			And By Email:treasppbkoffice@genworth.com
		

		
			Fax:(804) 662-7777
		

		
			Notices
		

		
			All notices and communications including original note agreement, conformed copy of the note agreement, amendment requests, financial statements and other general information to be addressed as follows:
		

		
			 
		

		
			Genworth Financial, Inc.
		

		
			Account:Genworth Life Insurance Company
		

		
			3001 Summer Street, 4thFloor
		

		
			Stamford, CT 06905
		

		
			Attn: Private Placements
		

		
			Telephone No: (203)708-3300
		

		
			Fax No: (203)708-3308
		

		
			If available, an electronic copy is additionally requested. Please send to the following e-mail address : GNW.privateplacements@genworth.com
		

		
			 
		

		
			All corporate actions, including payments and prepayments, should be sent to the above address with copies to: 
		

		
			 
		

		
			Genworth Financial, Inc.
		

		
			Account:Genworth Life Insurance Company
		

		
			3001 Summer Street
		

		
			Stamford, CT 06905
		

		
			Attn: Trade Operations
		

		
			Telephone No: (203)708-3300
		

		
			Fax No: (203)708-3308
		

		
			If available, an electronic copy is additionally requested. Please send to the following e-mail address : GNWInvestmentsOperations@genworth.com
		

		

		

		 

		

			A-25

		

 

		

			 

		

		
		

		
			Notices with respect to payments and written confirmation of each such payment, including interest payments, redemptions, premiums, make wholes, and fees should also be addressed as above with additional copies addressed to the following:
		

		
			 
		

		
			The Depository Trust Co
		

		
			Income Collection Department
		

		
			P.O. Box 19266
		

		
			Newark, NJ 07195
		

		
			Attn:Income Collection Department
		

		
			Ref:GLICLILTCAccount 127458 CUSIP/PPN & Security Description
		

		
			P&I Contact:Purisima Teylan - (718) 315-3035
		

		
			 
		

		
			Physical Delivery of Bonds
		

		
			 
		

		
			The Depository Trust Co
		

		
			570 Washington Blvd
		

		
			BNY Mellon /Branch Deposit Dept 5th FLR
		

		
			Jersey City, NJ 07310
		

		
			Ref:  GLIC/LILTCAccount 127458
		

		
			Name of Nominee in which Bonds are to be issued: HARE & CO, LLC
		

		
			Taxpayer I.D. Number for CMFG Life Insurance Company:  91-6027719
		

		

		

		 

		

			A-26

		

 

		

			 

		

		
		

		
			 
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						Genworth Life Insurance Company

					
					
						F

					
					
						$5,000,000

				

		
			 
		

		
			Payments
		

		
			All payments on or in respect of the Notes to be by bank wire transfer of Federal or other immediately available funds to:
		

		
			 
		

		
			Bank of New York
		

		
			ABA #:021000018
		

		
			Account #:GLA111566
		

		
			SWIFT Code:IRVTUS3N
		

		
			Acct Name:Income Collection Dept
		

		
			Attn:Income Collection Department
		

		
			Reference:GLIC/ LILTCNEW
		

		
			Account#:364781
		

		
			CUSIP/PPN & Security Description, and Identify Principal & Interest Amounts
		

		
			And By Email:treasppbkoffice@genworth.com
		

		
			Fax:(804) 662-7777
		

		
			Notices
		

		
			All notices and communications including original note agreement, conformed copy of the note agreement, amendment requests, financial statements and other general information to be addressed as follows:
		

		
			 
		

		
			Genworth Financial, Inc.
		

		
			Account:Genworth Life Insurance Company
		

		
			3001 Summer Street, 4thFloor
		

		
			Stamford, CT 06905
		

		
			Attn: Private Placements
		

		
			Telephone No: (203)708-3300
		

		
			Fax No: (203)708-3308
		

		
			If available, an electronic copy is additionally requested. Please send to the following e-mail address : GNW.privateplacements@genworth.com
		

		
			 
		

		
			All corporate actions, including payments and prepayments, should be sent to the above address with copies to: 
		

		
			 
		

		
			Genworth Financial, Inc.
		

		
			Account:Genworth Life Insurance Company
		

		
			3001 Summer Street
		

		
			Stamford, CT 06905
		

		
			Attn: Trade Operations
		

		
			Telephone No: (203)708-3300
		

		
			Fax No: (203)708-3308
		

		
			If available, an electronic copy is additionally requested. Please send to the following e-mail address : GNWInvestmentsOperations@genworth.com
		

		

		

		 

		

			A-27

		

 

		

			 

		

		
		

		
			Notices with respect to payments and written confirmation of each such payment, including interest payments, redemptions, premiums, make wholes, and fees should also be addressed as above with additional copies addressed to the following:
		

		
			 
		

		
			The Depository Trust Co
		

		
			Income Collection Department
		

		
			P.O. Box 19266
		

		
			Newark, NJ 07195
		

		
			Attn:Income Collection Department
		

		
			Ref:GLICLILTCNEWAccount 364781 CUSIP/PPN & Security Description
		

		
			P&I Contact:Purisima Teylan - (718) 315-3035
		

		
			 
		

		
			Physical Delivery of Bonds
		

		
			 
		

		
			The Depository Trust Co
		

		
			570 Washington Blvd
		

		
			BNY Mellon /Branch Deposit Dept 5th FLR
		

		
			Jersey City, NJ 07310
		

		
			Ref:  GLIC/ LILTCNEWAccount 364781
		

		
			Name of Nominee in which Bonds are to be issued: HARE & CO, LLC
		

		
			Taxpayer I.D. Number for CMFG Life Insurance Company:  91-6027719
		

		

		

		 

		

			A-28

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						Phoenix Life Insurance Company

					
						One American Row

					
						Private Placement Department H-2W

					
						Hartford, CT  06102

					
					
						C

					
					
						$4,000,000

				

		
			 
		

		
			Payments
		

		
			All payments on or in respect of the Bonds to be by bank wire transfer of Federal or other immediately available funds (identifying each payment as “Aqua Pennsylvania, Inc. First Mortgage Bonds, 3.85% Series C due 2038, PPN 03842* AS5, principal, premium or interest”) to:
		

		
			JP Morgan Chase
		

		
			New York, NY
		

		
			ABA 021 000 021
		

		
			Account Name:  Income Processing
		

		
			Account Number:  900 9000 200
		

		
			Reference:  Phoenix Life Insurance, G05123, Aqua Pennsylvania
		

		
			Notices
		

		
			All notices and communications, including notices with respect to payments and written confirmation of each such payment, to be addressed as first provided above.
		

		
			 
		

		
			All legal notices should be addressed to:
		

		
			 
		

		
			Phoenix Life Insurance Company
		

		
			One American Row
		

		
			Hartford, CT  06102
		

		
			Attention:  Brad Buck
		

		
			Physical Delivery of Bonds
		

		
			 
		

		
			Phoenix Life Insurance Company
		

		
			One American Row
		

		
			Hartford, CT  06102
		

		
			Attention:  Brad Buck
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  06-0493340
		

		

		

		 

		

			A-29

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						PHL Variable Insurance Company

					
						One American Row

					
						Private Placement Department H-2W

					
						Hartford, CT  06102

					
					
						C

					
					
						$4,000,000

				

		
			 
		

		
			Payments
		

		
			All payments on or in respect of the Bonds to be by bank wire transfer of Federal or other immediately available funds (identifying each payment as “Aqua Pennsylvania, Inc. First Mortgage Bonds, 3.85% Series C due 2038, PPN 03842* AS5, principal, premium or interest”) to:
		

		
			JP Morgan Chase
		

		
			New York, NY
		

		
			ABA 021 000 021
		

		
			Account Name:  Income Processing
		

		
			Account Number:  900 9000 200
		

		
			Reference:  Phoenix Variable, G11923,  Aqua Pennsylvania
		

		
			Notices
		

		
			All notices and communications, including notices with respect to payments and written confirmation of each such payment, to be addressed as first provided above.
		

		
			 
		

		
			All legal notices should be addressed to:
		

		
			 
		

		
			Phoenix Life Insurance Company
		

		
			One American Row
		

		
			Hartford, CT  06102
		

		
			Attention:  Brad Buck
		

		
			Physical Delivery of Bonds
		

		
			 
		

		
			Phoenix Life Insurance Company
		

		
			One American Row
		

		
			Hartford, CT  06102
		

		
			Attention:  Brad Buck
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  06-1045829
		

		

		

		 

		

			A-30

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						United of Omaha Life Insurance Company

					
						Mutual of Omaha Plaza

					
						Omaha,  NE  68175-1011

					
					
						D

					
					
						$5,000,000

				

		
			 
		

		
			Payments
		

		
			All principal and interest payments on the Notes shall be made by wire transfer of immediately available funds to:
		

		
			 
		

		
			JPMorgan Chase Bank
		

		
			ABA #021000021
		

		
			Private Income Processing
		

		
			 
		

		
			For credit to:
		

		
			United of Omaha Life Insurance Company
		

		
			Account # 900-9000200
		

		
			a/c:  G07097
		

		
			Cusip/PPN:  03842* AT3
		

		
			Interest Amount:
		

		
			Principal Amount:
		

		
			Notices
		

		
			Address for all notices in respect of payment of Principal and Interest, Corporate Actions, and Reorganization Notifications:
		

		
			 
		

		
			JPMorgan Chase Bank
		

		
			14201 Dallas Parkway - 13th Floor
		

		
			Dallas, TX  75254-2917
		

		
			Attn:  Income Processing 
		

		
			a/c:  G07097
		

		
			Address for all other communications (i.e.: Quarterly/Annual reports, Tax filings, Modifications,             Waivers regarding the indenture):
		

		
			 
		

		
			4 - Investment Management
		

		
			United of Omaha Life Insurance Company
		

		
			Mutual of Omaha Plaza
		

		
			Omaha,  NE  68175-1011
		

		
			Email Address for Electronic Document Transmission: privateplacements@mutualofomaha.com
		

		

		

		 

		

			A-31

		

 

		

			 

		

		
		

		
			Physical Delivery of Bonds
		

		
			Address for delivery of bonds:
		

		
			 
		

		
			JPMorgan Chase Bank
		

		
			4 Chase Metrotech Center, 3rd Floor
		

		
			Brooklyn, NY  11245-0001
		

		
			Attention:  Physical Receive Department 
		

		
			Account # G07097
		

		
			 
		

		
			**It is imperative that the custody account be included on the delivery letter. 
Without this information, the security will be returned to the sender.
		

		
			 
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  47-0322111
		

		

		

		 

		

			A-32

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						The State Life Insurance Company

					
						One American Square, Suite 305W

					
						Post Office Box 368

					
						Indianapolis, IN 46206

					
					
						D

					
					
						$4,500,000

				

		
			 
		

		
			Payments
		

		
			Aqua Pennsylvania, Inc. shall make payment of principal and interest on the note(s) in immediately available funds by wire transfer to the following bank account:
		

		
			 
		

		
			THE STATE LIFE INSURANCE COMPANY
		

		
			Bank of New York
		

		
			ABA #:  021000018
		

		
			Credit Account:  GLA111566
		

		
			Account Name: The State Life Insurance Company
		

		
			Account #:  343761
		

		
			P & I Breakdown:  (Insert)
		

		
			Re:  (PPN 03842* AT3 and Aqua Pennsylvania, Inc. 4.16% Senior Note(s) due 2046)
		

		
			Payments should contain sufficient information to identify the breakdown of principal and interest and should identify the full description of the note(s) and the payment date.
		

		
			Notices
		

		
			Please send all POST-CLOSING documentation to:
		

		
			 
		

		
			American United Life Insurance Company
		

		
			Attn:  Mike Bullock, Securities Department
		

		
			One American Square, Suite 305W
		

		
			Post Office Box 368
		

		
			Indianapolis, IN 46206
		

		
			mike.bullock@oneamerica.com
		

		
			Physical Delivery of Bonds
		

		
			The original note(s) should be sent to:
		

		
			 
		

		
			The Depository Trust Company
		

		
			Attn:  BNY Mellon/Branch Deposit Dept.
		

		
			Acct # 343761 State Life, c/o AUL
		

		
			570 Washington Blvd. – 5th Floor
		

		
			Jersey City, NJ  07310
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  35-0684263
		

		

		

		 

		

			A-33

		

 

		

			 

		

		
		

		 

		

			A-34

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						Pioneer Mutual Life Insurance Company

					
						One American Square, Suite 305W

					
						Post Office Box 368

					
						Indianapolis, IN 46206

					
					
						D

					
					
						$500,000

				

		
			 
		

		
			Payments
		

		
			Aqua Pennsylvania, Inc. shall make payment of principal and interest on the note(s) in immediately available funds by wire transfer to the following bank account:
		

		
			 
		

		
			PIONEER MUTUAL LIFE INSURANCE COMPANY
		

		
			Bank of New York
		

		
			ABA #:  021000018
		

		
			Credit Account:  GLA111566
		

		
			Account Name:  Pioneer Mutual Life Insurance Company
		

		
			Account #:  186709
		

		
			P & I Breakdown:  (Insert)
		

		
			Re:  (PPN 03842* AT3 and Aqua Pennsylvania, Inc. 4.16% Senior Note(s) due 2046)
		

		
			Payments should contain sufficient information to identify the breakdown of principal and interest and should identify the full description of the note(s) and the payment date.
		

		
			Notices
		

		
			Please send all POST-CLOSING documentation to:
		

		
			 
		

		
			American United Life Insurance Company
		

		
			Attn:  Mike Bullock, Securities Department
		

		
			One American Square, Suite 305W
		

		
			Post Office Box 368
		

		
			Indianapolis, IN 46206
		

		
			mike.bullock@oneamerica.com
		

		
			Physical Delivery of Bonds
		

		
			The original note(s) should be sent to:
		

		
			 
		

		
			The Depository Trust Company
		

		
			Attn:  BNY Mellon/Branch Deposit Dept.
		

		
			Acct # 186709 Pioneer Mutual, c/o AUL
		

		
			570 Washington Blvd. – 5th Floor
		

		
			Jersey City, NJ  07310
		

		
			Name of Nominee in which Bonds are to be issued:  None
		

		
			Taxpayer I.D. Number:  45-0220640
		

		

		

		 

		

			A-35

		

 

		

			 

		

		
		

		 

		

			A-36

		

 

		

			 

		

		
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						
Name of and Address

					
						of Purchaser

					
						 

					
					
						
Series
of Bonds

					
					
						Principal Amount of Bonds to be Purchased

				
	
					
						MONY Life Insurance Company (MNYCLO)

					
						Attn: Investment Department – Jared Wingard

					
						2801 Hwy. 280 South

					
						Birmingham,  AL  35223

					
					
						D

					
					
						$5,000,000

				

		
			 
		

		
			Payments
		

		
			All payments by wire transfer of immediately available funds to:
		

		
			 
		

		
			THE BANK OF NEW YORK
		

		
			ABA #: 021 000 018
		

		
			Acct. #: GLA 111566
		

		
			ATTN: PP P & I Department 
		

		
			FFC CUSTODY #: 4737138400
		

		
			CUST. NAME: MONY Life Ins., Co. Closed
		

		
			REF: MONY Life Ins., Co. Closed
		

		
			PPN #  03842* AT3
		

		
			with sufficient information to identify the source and application of such funds.
		

		
			Notices
		

		
			All notices of payments and written confirmations of such wire transfers:
		

		
			 
		

		
			middleoffice@protective.com 
		

		
			MONY Life Insurance Co. 
		

		
			Attn: Investment Department – Jamie Broadhead
		

		
			2801 Hwy. 280 South
		

		
			Birmingham, AL 35223
		

		
			Physical Delivery of Bonds
		

		
			 
		

		
			The Depository Trust Company
		

		
			570 Washington Blvd - 5th floor
		

		
			Jersey City, NJ  07310
		

		
			Attn:  BNY Mellon/Branch Deposit Department
		

		
			CUSTODY A/C # 473713
		

		
			Cust NAme: MONY Life Insurance Company Closed
		

		
			Name of Nominee in which Bonds are to be issued:  hare & co, LLC
		

		
			Taxpayer I.D. Number:  13-1632487
		

		
			 
		

		

		

		 

		

			A-37

		

 

		

			 

		

		Defined Terms
		

		
			As used herein, the following terms have the respective meanings set forth below or set forth in the Section hereof following such term:
		

		
			“Affiliate” means, at any time, and with respect to any Person, any other Person that at such time directly or indirectly through one or more intermediaries Controls, or is Controlled by, or is under common Control with, such first Person.  As used in this definition, “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. Unless the context otherwise clearly requires, any reference to an “Affiliate” is a reference to an Affiliate of the Company.
		

		
			“Anti-Money Laundering Laws” is defined in Section 5.16(c).
		

		
			“Blocked Person” is defined in Section 5.16(a).
		

		
			“Bonds” is defined in Section 1.
		

		
			“Business Day” means for the purposes of any provision of this Agreement, any day other than a Saturday, a Sunday or a day on which commercial banks in New York, New York or Philadelphia, Pennsylvania are required or authorized to be closed.
		

		
			“Capital Lease” means, at any time, a lease with respect to which the lessee is required concurrently to recognize the acquisition of an asset and the incurrence of a liability in accordance with GAAP.
		

		
			“Capital Lease Obligation” means, with respect to any Person and a Capital Lease, the amount of the obligation of such Person as the lessee under such Capital Lease which would, in accordance with GAAP, appear as a liability on a balance sheet of such Person.
		

		
			“CISADA” means the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, United States Public Law 111195, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect.
		

		
			“Closing” is defined in Section 3.
		

		
			“Closing Date” is the date of the Closing.  
		

		
			“Code” means the Internal Revenue Code of 1986, as amended from time to time, and the rules and regulations promulgated thereunder from time to time.
		

		
			“Company” means Aqua Pennsylvania, Inc., a corporation existing under the laws of the Commonwealth of Pennsylvania.
		

		

		

		 

		

			Schedule B
(to Bond Purchase Agreement)

		

 

		

			 

		

		“Controlled Entity” means any of the Subsidiaries of the Company and any of their or the Company’s respective Controlled Affiliates.  As used in this definition, “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.
		

		
			“Debt” means, with respect to any Person, without duplication,
		

		
			(a)its liabilities for borrowed money;
		

		
			(b)its liabilities for the deferred purchase price of property acquired by such Person (excluding accounts payable and other accrued liabilities arising in the ordinary course of business but including, without limitation, all liabilities created or arising under any conditional sale or other title retention agreement with respect to any such property);
		

		
			(c)its Capital Lease Obligations; 
		

		
			(d)all liabilities for borrowed money secured by any Lien with respect to any property owned by such Person (whether or not it has assumed or otherwise become liable for such liabilities); 
		

		
			(e)all non-contingent liabilities in respect of reimbursement agreements or similar agreements in respect of letters of credit or instruments serving a similar function issued or accepted for its account by banks and other financial institutions; 
		

		
			(f)Swaps of such Person; and
		

		
			(g)Guaranties of such Person with respect to liabilities of a type described in any of clauses (a) through (f) hereof.
		

		
			Debt of any Person shall include all obligations of such Person of the character described in clauses (a) through (g) to the extent such Person remains legally liable in respect thereof notwithstanding that any such obligation is deemed to be extinguished under GAAP.  
		

		
			“Default” means an event or condition the occurrence or existence of which would, with the lapse of time or the giving of notice or both, become an Event of Default.
		

		
			“Disclosure Documents” is defined in Section 5.3.
		

		
			“EMMA” is defined in Section 7.1(a).
		

		
			“Environmental Laws” means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including but not limited to those related to Hazardous Materials.
		

		

		

		 

		

			B-2

		

 

		

			 

		

		“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect.
		

		
			“ERISA Affiliate” means any trade or business (whether or not incorporated) that is treated as a single employer together with the Company under section 414 of the Code.
		

		
			“Event of Default” is an “event of default” as defined in the Indenture.
		

		
			“Financing Agreements” means this Agreement, the Indenture (including without limitation the Supplement), and the Bonds.
		

		
			“GAAP” means generally accepted accounting principles as in effect from time to time in the United States of America.
		

		
			“Governmental Authority” means:
		

		
			(a)the government of
		

		
			(i)the United States of America or any State or other political subdivision thereof, or
		

		
			(ii)any other jurisdiction in which the Company or any Subsidiary conducts all or any part of its business, or which asserts jurisdiction over any properties of the Company or any Subsidiary, or
		

		
			(b)any entity exercising executive, legislative, judicial, regulatory or administrative functions of, or pertaining to, any such government.
		

		
			“Guaranty” means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any Debt, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:
		

		
			(a)to purchase such Debt or obligation or any property constituting security therefor primarily for the purpose of assuring the owner of such Debt or obligation of the ability of any other Person to make payment of the Debt or obligation;
		

		
			(b)to advance or supply funds (i) for the purchase or payment of such Debt or obligation, or (ii) to maintain any working capital or other balance sheet condition or any income statement condition of any other Person or otherwise to advance or make available funds for the purchase or payment of such Debt or obligation;
		

		

		

		 

		

			B-3

		

 

		

			 

		

		(c)to lease properties or to purchase properties or services primarily for the purpose of assuring the owner of such Debt or obligation of the ability of any other Person to make payment of the Debt or obligation; or
		

		
			(d)otherwise to assure the owner of such Debt or obligation against loss in respect thereof.
		

		
			In any computation of the Debt or other liabilities of the obligor under any Guaranty, the Debt or other obligations that are the subject of such Guaranty shall be assumed to be direct obligations of such obligor, provided that the amount of such Debt outstanding for purposes of this Agreement shall not exceed the maximum amount of Debt that is the subject of such Guaranty.  
		

		
			“Hazardous Material” means any and all pollutants, toxic or hazardous wastes or other substances that might pose a hazard to health and safety, the removal of which may be required or the generation, manufacture, refining, production, processing, treatment, storage, handling, transportation, transfer, use, disposal, release, discharge, spillage, seepage or filtration of which is or shall be restricted, prohibited or penalized by any applicable law including, but not limited to, asbestos, urea formaldehyde foam insulation, polychlorinated biphenyls, petroleum, petroleum products, lead based paint, radon gas or similar restricted, prohibited or penalized substances.
		

		
			“holder” is defined in the Indenture.
		

		
			“Indenture” is defined in Section 1.
		

		
			“Institutional Investor” means (a) any Purchaser of a Bond, (b) any holder of a Bond holding (together with one or more of its affiliates) more than 5% of the aggregate principal amount of the Bonds then outstanding, (c) any bank, trust company, savings and loan association or other financial institution, any pension plan, any investment company, any insurance company, any broker or dealer, or any other similar financial institution or entity, regardless of legal form, and (d) any Related Fund of any holder of any Bond.
		

		
			“Lien” means, with respect to any Person, any mortgage, lien, pledge, charge, security interest or other encumbrance, or any interest or title of any vendor, lessor, lender or other secured party to or of such Person under any conditional sale or other title retention agreement or Capital Lease, upon or with respect to any property or asset of such Person (including in the case of stock, stockholder agreements, voting trust agreements and all similar arrangements).
		

		
			“Make-Whole Amount” is defined in the Supplement.
		

		
			“Material” means material in relation to the business, operations, affairs, financial condition, assets or properties of the Company and its Subsidiaries taken as a whole.
		

		
			“Material Adverse Effect” means a material adverse effect on (a) the business, operations, affairs, financial condition, assets or properties of the Company and its Subsidiaries 
		

		 

		

			B-4

		

 

		

			 

		

		taken as a whole, (b) the ability of the Company to perform its obligations under this Agreement, the Bonds or the Indenture or (c) the validity or enforceability of any Financing Agreement.
		

		
			“Multiemployer Plan” means any Plan that is a “multiemployer plan” (as such term is defined in section 4001(a)(3) of ERISA).
		

		
			“NAIC” means the National Association of Insurance Commissioners or any successor thereto.
		

		
			‘OFAC” is defined in Section 5.16(a).
		

		
			“OFAC Listed Person” is defined in Section 5.16(a).
		

		
			“OFAC Sanctions Program” means all laws, regulations, Executive Orders and any economic or trade sanction that OFAC is responsible for administering and enforcing, including, without limitation 31 CFR Subtitle B, Chapter V, as amended, along with any enabling legislation; the Bank Secrecy Act; Trading with the Enemy Act; and any similar laws, regulations or orders adopted by any State within the United States.  A list of economic and trade sanctions administered by OFAC may be found at http://www.ustreas.gov/offices/enforcement/ofac/programs/.
		

		
			“Officer’s Certificate” means a certificate of a Senior Financial Officer or of any other officer of the Company whose responsibilities extend to the subject matter of such certificate.
		

		
			“Original Indenture” is defined in Section 1.
		

		
			“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA or any successor thereto.
		

		
			“Permitted Liens” shall have the meaning assigned to such term in the Indenture. 
		

		
			“Person” means an individual, partnership, corporation, limited liability company, association, trust, unincorporated organization, business entity or Governmental Authority.
		

		
			“Plan” means an “employee benefit plan” (as defined in section 3(2) of ERISA) subject to Title I of ERISA that is or, within the preceding five years, has been established or maintained, or to which contributions are or, within the preceding five years, have been made or required to be made, by the Company or any ERISA Affiliate or with respect to which the Company or any ERISA Affiliate may have any liability.
		

		
			“property” or “properties” means, unless otherwise specifically limited, real or personal property of any kind, tangible or intangible, choate or inchoate.
		

		
			“PTE” is defined in Section 6.2(a).
		

		
			“Purchaser” is defined in the first paragraph of this Agreement.
		

		

		

		 

		

			B-5

		

 

		

			 

		

		“Related Fund” means, with respect to any holder of any Bond, any fund or entity that (i) invests in Securities or bank loans, and (ii) is advised or managed by such holder, the same investment advisor as such holder or by an affiliate of such holder or such investment advisor.
		

		
			“Required Holders” means, at any time, the holders of at least 51% in principal amount of the Bonds at the time outstanding (exclusive of Bonds then owned by the Company or any of its Affiliates).
		

		
			“Responsible Officer” means any Senior Financial Officer and any other officer of the Company with responsibility for the administration of the relevant portion of this Agreement.
		

		
			“SEC” means the Securities and Exchange Commission of the United States, or any successor thereto.
		

		
			“Securities” or “Security” shall have the meaning specified in Section 2(1) of the Securities Act.
		

		
			“Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect.
		

		
			“Senior Financial Officer” means the chief financial officer, principal accounting officer, treasurer or comptroller of the Company.
		

		
			“Source” is defined in Section 6.2.
		

		
			“Subsidiary” means, as to any Person, any other Person in which such first Person or one or more of its Subsidiaries or such first Person and one or more of its Subsidiaries owns sufficient equity or voting interests to enable it or them (as a group) ordinarily, in the absence of contingencies, to elect a majority of the directors (or Persons performing similar functions) of such second Person, and any partnership or joint venture if more than a 50% interest in the profits or capital thereof is owned by such first Person or one or more of its Subsidiaries or such first Person and one or more of its Subsidiaries (unless such partnership or joint venture can and does ordinarily take major business actions without the prior approval of such Person or one or more of its Subsidiaries).  Unless the context otherwise clearly requires, any reference to a “Subsidiary” is a reference to a Subsidiary of the Company.
		

		
			“Supplement” is defined in Section 1.
		

		
			“SVO” means the Securities Valuation Office of the NAIC or any successor to such Office.
		

		
			“Swaps” means, with respect to any Person, payment obligations with respect to interest rate swaps, currency swaps and similar obligations obligating such Person to make payments, whether periodically or upon the happening of a contingency.  For the purposes of this Agreement, the amount of the obligation under any Swap shall be the amount determined in respect thereof as of the end of the then most recently ended fiscal quarter of such Person, based 
		

		 

		

			B-6

		

 

		

			 

		

		on the assumption that such Swap had terminated at the end of such fiscal quarter, and in making such determination, if any agreement relating to such Swap provides for the netting of amounts payable by and to such Person thereunder or if any such agreement provides for the simultaneous payment of amounts by and to such Person, then in each such case, the amount of such obligation shall be the net amount so determined.
		

		
			“Trust Estate” is defined in the Indenture.
		

		
			“Trustee” is defined in Section 1.  
		

		
			“UCC” means, the Uniform Commercial Code as enacted and in effect from time to time in the state whose laws are treated as applying to the Trust Estate.
		

		
			“USA Patriot Act” means United States Public Law 107‐56, Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect.
		

		
			 
		

		
			 
		

		

		

		 

		

			B-7

		

 

		

			 

		

		Aqua Pennsylvania, Inc.
Subsidiaries of the Company,
Ownership of Subsidiary Stock
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
						Company Name

					
					
						State of Incorporation

					
					
						% of Ownership (Direct & Indirect)

				
	
					
						          

					
						Aqua Pennsylvania, Inc.

					
					
						 

					
						Pennsylvania

					
					
						 

					
						100%

				
	
					
						          1. Little Washington Wastewater Company

					
					
						Pennsylvania

					
					
						100%

				
	
					
						          2. The Hawley Water Company

					
					
						Pennsylvania

					
					
						100%

				
	
					
						          3. Honesdale Consolidated Water Company

					
					
						Pennsylvania

					
					
						100%

				
	
					
						       

					
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			Schedule 5.4
(to Bond Purchase Agreement)

		

 

		

			 

		

		Financial Statements
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			Aqua Pennsylvania, Inc. Consolidated Financial Statements as of and for the years ended December 31, 2014, 2013 and 2012 (audited)

		
			 
		

			
	
			
				 2.
			

			
	
			
			Aqua Pennsylvania, Inc. Report for Quarter Ended September 30, 2015

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		 

		

			Schedule 5.5
(to Bond Purchase Agreement)

		

 

		

			 

		

		Schedule 5.15(a)
		

		
			Existing Debt
		

		
			 
		

		
			 
		

		
			Attached.
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			Schedule 5.15(a)
(to Bond Purchase Agreement)

		

 

		

			 

		

		 
		

		 

		

			5.15(a)-2

		

 

		

			 

		

		 
		

		 

		

			5.15(a)-3

		

 

		

			 

		

		
		

		

		

		 

		

			5.15(a)-4

		

 

		

			

		

		

			 

		

		Schedule 5.15(b)
		

		
			 
		

		
			Aqua Pennsylvania, Inc. and Subsidiaries
		

		
			Debt Issuance Limitations
		

		
			 
		

		
			 
		

		
			Indenture of Mortgage dated as of January 1, 1941 of Aqua Pennsylvania, Inc. as Supplemented and Amended
		

		
			$100 million Revolving Credit Agreement among Aqua Pennsylvania, Inc. and PNC Bank, National Association, as Agent, dated as of November 30, 2010, as amended
		

		
			Aqua Pennsylvania, Inc. $40,000,000 5.95% Senior Notes dated March 31, 2006
		

		
			Aqua Pennsylvania, Inc. $20,000,000 5.64% Senior Notes dated September 29, 2006, currently outstanding in the amount of $15,416,000
		

		
			Aqua Pennsylvania, Inc. $2,132,180 5.50% Senior Notes dated May 15, 2007
		

		
			$50 million Term Loan Agreement among Aqua Pennsylvania, Inc. and PNC Bank, National Association as Agent and Dated as of September 29, 2014
		

		
			$50 million Term Loan Agreement among Aqua Pennsylvania, Inc. and PNC Bank, National Association as Agent and Dated as of May 6, 2015
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			Schedule 5.15(b)
(to Bond Purchase Agreement)

		

 

		

			 

		

		[Form of Supplement]
		

		
			[See Attached]
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		

		

		 

		

			Exhibit A

		

		

			(to Bond Purchase Agreement)

		

 

		

			 

		

		Form of Opinion of General Counsel
to the Company
		

		
			[See attached]
		

		
			 
		

		
			 
		

		

		

		 

		

			Exhibit 4.4(a)
(to Bond Purchase Agreement)

		

 

		

			 

		

		Form of Opinion of Special Counsel
to the Company
		

		
			[See attached]
		

		
			 
		

		
			 
		

		

		

		 

		

			Exhibit 4.4(b)
(to Bond Purchase Agreement)

		

 

		

			 

		

		Form of Opinion of Special Counsel
to the Purchasers
		

		
			[Delivered to Purchasers only]

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