Document:

Exhibit
10.1

 

THIS
LETTER AGREEMENT (this “Agreement”) is made and entered into as of the 2nd
day of March, 2020, by and among Pineapple Express, Inc., a Wyoming corporation (the “Seller”), Neu-Ventures
Inc., a California corporation, and Jaime Ortega, an individual (“Ortega”) (collectively referred to as the “Parties”).
This Agreement shall supersede and replace any prior letter agreements between the Parties concerning the subject matter herein.

 

WHEREAS,
Buyer and Seller entered into an Asset Purchase and Sale Agreement, dated as of September 4, 2019 (the “APA”), whereby
upon execution of the APA, the Buyer acquired, on a contingent basis, the domain <www.THC.com> (the “Asset”);
and

 

WHEREAS,
the APA contemplated that the Buyer shall (i) adhere to the terms of a licensing agreement pursuant to which the Asset was contingent
and (ii) assume a licensor relationship with an existing third party licensee; and

 

WHEREAS,
Buyer and Seller now wish to supplement the APA, as provided herein.

 

NOW
THEREFORE, in consideration of the mutual promises and agreements contained herein, the Parties, intending to be legally bound
hereby, agree as follows:

 

1.
Assumption of Liabilities Related to the Asset. Buyer acknowledges the Asset is subject
to certain ongoing litigation, and upon the Closing
(as defined below) Buyer agrees
to undertake all responsibility, economic, administrative and otherwise, with respect to such litigation related to the Asset.
Buyer further recognizes that the Asset is currently under the control of a third-party licensee
associated with the above-referenced litigation, and notwithstanding, as of the Closing, Buyer assumes all liability in securing
control of the Asset from such existing third-party licensee. Upon the Closing, the Parties shall waive any contingencies and
deem the terms and conditions of the APA final.

 

2.
Cancellation of Ortega. Upon the Closing and the terms and conditions contemplated
hereby, Ortega as sole principal of Buyer shall waive and cancel One Million Dollars ($1,000,000) of the aggregate existing loans
extended by Ortega to Seller (the “Ortega Debt”). The Parties agree to execute and deliver all such further instruments
and documents and take all such other actions as may reasonably be required to carry out the transactions contemplated hereby
and to evidence the fulfillment of the agreements herein contained.

 

3.
Closing. Subject to Section 7 herein, a closing of the transactions contemplated hereby (the “Closing”) shall
occur at such time as (i) Seller’s (or its subsidiary’s) trademarks bearing the name “THC” shall be assigned
to Buyer, and (ii) the URL “PineappleExpress.com”, the trade name “Pineapple Express”, and any trademarks
held by seller shall be assigned to Pineapple Ventures, Inc. The Closing shall occur upon written confirmation by Buyer and Pineapple
Ventures, Inc. confirming completion of the transfers set forth in this Section 3.

 

4.
Entire Agreement. The APA shall remain in full force and effect in accordance with its original terms. This Agreement and
the APA contain all of the terms agreed upon or made by the Parties relating to the subject matter of this Agreement, and supersede
all prior and contemporaneous agreements, negotiations, correspondence, undertakings and communications of the Parties, oral or
written, respecting such subject matter.

 

5.
Mutual Confidentiality. The terms and conditions of this Agreement are confidential between the Parties and shall not be
disclosed to any third party until a closing occurs which is further discussed in paragraph 7 below.

 

    	 

     

    

 

6.
Litigation Expenses. Buyer to be responsible for payment of all litigation expenses for the now resolved disputes concerning
licensing of the THC.com domain.

 

7.
Cancellation of Transaction. Notwithstanding anything to the contrary herein, the transaction between the Parties contemplated
under this Agreement shall not be binding and shall not be deemed closed until the trademarks and domains have been assigned and
transferred in accordance with Section 3 of this Agreement. However, if the assignments and transfers under Section 3 of this
Agreement have not occurred on or before April 20, 2020, then this Agreement shall terminate and be deemed null and void.

 

8.
Counterparts and Governing Law. This Agreement may be executed in one or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument. This Agreement and all acts and transactions
pursuant to the rights and obligations accordance with the laws of the State of California, without giving effect to any choice
or conflict of law provision or rule (whether of the State of California or any other jurisdiction) that would cause the application
of laws of any jurisdictions other than those of the State of California.

 

[SIGNATURE
PAGE TO FOLLOW]

 

    	 

     

    

 

IN
WITNESS WHEREOF, with the intent to be legally bound hereby, the Parties hereto have executed this Agreement as of the date first
written above.

 

	PINEAPPLE
    EXPRESS, INC.	 
	 	 	 
	By:
    	/s/
    Shawn Credle	 
	Name:
    	Shawn
    Credle Title: CEO	 
	 	 	 
	NEU-VENTURES, INC.	 
	 	 	 
	By:
    	/s/
    Jaime Ortega	 
	Name:
    	Jaime
    Ortega Title: CFO	 
	 	 	 
	JAIME ORTEGA	 
	 	 	 
	/s/
    Jaime OrtegaExhibit 4.1

       

      Execution Copy

       

      *This Instrument Grants a Security Interest by a Public Utility

       

      This instrument was prepared by

       
        	
                 

              	
                /s/ Ira G. Megdal

                

              
	
                 

              	Ira G. Megdal, Esquire

      

      

      

      MORTGAGE

       

      
        

      SOUTH JERSEY GAS COMPANY

       

      TO

       

      THE BANK OF NEW YORK MELLON,

      Trustee

       

      

      
        

       

      SECOND SUPPLEMENTAL INDENTURE

       

      Dated as of April 16, 2020

       

      

      
        

       

      Providing for the Issuance of First Mortgage Bonds,

      Series F

       

      and

       

      Supplementing the Supplemental Indenture Amending and Restating First Mortgage Indenture

      Dated as of January 23, 2017

       

      

      
        

       

      This Instrument Contains After-Acquired Property Provisions

       

      
        
          

      

      
       

      SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of April 16, 2020, between SOUTH JERSEY GAS COMPANY,
        a corporation organized and subsisting under the laws of the State of New Jersey (the “Company”), and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Trustee (the “Trustee”).

       

      RECITALS

       

      The Company has heretofore duly executed and delivered to The Bank of New York Mellon, as Trustee, a certain Supplemental Indenture Amending and
        Restating First Mortgage Indenture dated as of January 23, 2017 (the “Original Indenture” and as amended and supplemented by a First Supplemental Indenture
        dated January 23, 2017, the “Existing Mortgage” and the Existing Mortgage, as amended and supplemented by this Second Supplemental Indenture, the “Indenture”) providing for the issuance by the Company from time to time of its bonds, notes or other evidence of indebtedness to be issued in one or more series
        (in the Original Indenture and herein called the “Securities”) or to provide security for the payment of the principal of and premium, if any, and interest, if
        any, on the Securities; or to provide security for the payment of the principal of and premium, if any, and interest, if any, on other obligations of the Company, such as notes issued under that Indenture of Trust dated as of October 1, 1998 (as
        such indenture has been and may be amended from time to time, the “Note Indenture”) between the Company and The Bank of New York Mellon, as trustee (the “Note Trustee”).

       

      The Company is making provisions for the issuance and sale of its Senior Secured Notes, Series F, 2020 (the “Notes”) under the Note Indenture, to be issued in three tranches, Senior Secured Notes, Series F, Tranche A, due April 16, 2030 (the “Tranche A Notes”), Senior Secured Notes, Series F, Tranche B, due April 16, 2050 (the “Tranche B Notes”), and Senior Secured
        Notes, Series F, Tranche B, due October 1, 2050 (the “Tranche C Notes”).  The Company desires to secure the its obligations to pay principal, premium, if any,
        and interest on the Notes by providing for the issuance under the Indenture to the Note Trustee a new series of Securities pursuant to this Second Supplement.

       

      The Existing Indenture granted and conveyed, and this Second Supplemental Indenture grants and conveys, unto the Trustee, upon the trusts and for the
        uses and purposes specifically set forth in the Original Indenture, certain real estate, franchises and other property therein described or which might be thereafter acquired by the Company, to secure the payment of the principal of and premium, if
        any, and interest, if any, on the Securities from time to time issued thereunder (including pursuant to any supplemental indentures thereto, such as this Second Supplemental Indenture).

       

      The Company, in the exercise of the power and authority conferred upon and reserved to it under the provisions of the Original Indenture and pursuant
        to appropriate resolutions of the Board of Directors, has duly determined to make, execute and deliver to the Trustee this Second Supplemental Indenture to the Original Indenture in order to establish the form and terms of, and to provide for the
        creation and issuance of, a series of Securities (first mortgage bonds) under the Indenture in an aggregate principal amount of $525,000,000 (the “Bonds of Series F”).

        The Bonds of Series F will be issued in three Tranches, as follows: (a) First Mortgage Bonds, Series F, Tranche A, due April 16, 2030 (the “Tranche A Bonds”),
        in the aggregate principal amount of $150,000,000; (b) First Mortgage Bonds, Series F, Tranche B, due April 16, 2050 (the “Tranche B Bonds”), in the aggregate
        principal amount of $250,000,000; and (c) First Mortgage Bonds, Series F, Tranche B, due October 1, 2050 (the “Tranche C Bonds”), in the aggregate principal
        amount of $125,000,000.

       

      
        2

        
          

      

      The Company, in the exercise of the power and authority conferred upon and reserved to it under the provisions of the Original Indenture and pursuant
        to appropriate resolutions of the Board of Directors, has duly determined to make, execute and deliver to the Trustee this Second Supplemental Indenture to the Original Indenture as permitted by Sections 2.1, 3.1 and 14.1 of the Original Indenture
        in order to establish the form or terms of, and to provide for the creation and issuance of, a new series of Securities under the Indenture in an aggregate principal amount of $525,000,000 (such series being hereinafter referred to as “Series F”) to secure the Company's obligations to pay principal, premium, if any, and interest on the Notes.  The first mortgage bonds of Series F are herein
        referred to as the “Bonds of Series F.”

       

      All things necessary to make the Bonds of Series F, when executed by the Company and authenticated and delivered by the Trustee or any Authenticating
        Agent and issued upon the terms and subject to the conditions hereinafter and in the Original Indenture set forth against payment therefor the valid, binding and legal obligations of the Company and to make this Second Supplemental Indenture a
        valid, binding and legal agreement of the Company, have been done.

       

      NOW, THEREFORE, THIS SECOND SUPPLEMENTAL INDENTURE WITNESSETH that, in order to establish the terms of a series of Securities, and for and in
        consideration of the premises and of the covenants contained in the Original Indenture and in this Second Supplemental Indenture and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, it is
        mutually covenanted and agreed as follows:

       

      ARTICLE I.

      TITLE, FORM AND TERMS OF BONDS OF SERIES F

       

      Section 1.1          This Second Supplemental Indenture hereby creates a series of Securities designated as “South Jersey Gas Company First Mortgage Bonds, Series F” (collectively referred to as the “Bonds of Series F”), which shall consist of three Tranches of
            Bonds, Series F, Tranche A (the “Tranche A Bonds”),
            Series F, Tranche B (the “Tranche B Bonds”) and
            Series F, Tranche C (the “Tranche C Bonds”).  For
            purposes of the Indenture, the Bonds of Series F shall constitute a single series of Securities and the Tranche A Bonds, the Tranche B Bonds and the Tranche C Bonds shall each constitute a Tranche of Series F Bonds.  The Tranche A Bonds the
            Tranche B Bonds and the Tranche C Bonds shall be issuable as fully registered Bonds, substantially in the forms set forth on Exhibit A, Exhibit B and Exhibit C hereto, respectively, but they may bear and contain such legends and modifications
            as may be required by law or as may be necessary to comply with requirements of any stock exchange or of any regulatory board, body or official.

       

          

      
        3

        
          

      

      Section 1.2          The Bonds of
          Series F shall be limited to an aggregate principal amount of $525,000,000, except for Bonds of Series F authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Bonds of Series F pursuant to Sections
          3.4, 3.5, 3.6, 5.6 or 14.6 of the Indenture and except for any Bonds of Series F which, pursuant to Section 3.3 of the Indenture, are deemed never to have been authenticated and delivered thereunder), in order to secure the Company's obligations
          to pay principal, premium, if any, and interest on the Notes.  Similarly, Tranche A Bonds, Tranche B Bonds and Tranche C Bonds shall be limited to an aggregate principal amount of $150,000,000, $250,000,000 and $125,000,000, respectively, except
          for Tranche A Bonds, Tranche B Bonds and Tranche C Bonds authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Tranche A Bonds, Tranche B Bonds or Tranche C Bonds, respectively, pursuant to
          Sections 3.4, 3.5, 3.6, 5.6 or 14.6 of the Indenture and except for any Tranche A Bonds, Tranche B Bonds or Tranche C Bonds which, pursuant to Section 3.3 of the Indenture, are deemed never to have been authenticated and delivered thereunder), in
          order to secure the Company's obligations to pay principal, premium, if any, and interest on the Tranche A Notes, Tranche B Notes or Tranche C Notes, respectively.

       

      Section 1.3          Each Tranche A
          Bond, Tranche B Bond and Tranche C Bond shall (a) be issued in the name of the Note Trustee, (b) bear interest from the date of its issuance at the rate provided in the Tranche A Notes, Tranche B Notes and Tranche C Notes, respectively,
          including, if applicable, at a default rate for such Notes; provided, however, in no event will a Bond of Series F bear interest at a rate greater than 10% per annum, and (c) have principal and interest due on the same dates as the Tranche A
          Notes, the Tranche B Notes and Tranche C Notes, respectively; provided, however, that the Company shall receive certain credits against principal and interest as set forth in Section 1.5 hereof.  The Company shall inform the Trustee of the
          initial interest rate of the Notes and of any change in such interest rate.

       

      Section 1.4          The Bonds of
          Series F shall be transferable and exchangeable only as provided in the Indenture and the Note Indenture, upon surrender thereof for cancellation by the registered Holder in person or by attorney duly authorized in writing as provided in the
          Indenture.

       

      Section 1.5          In addition to
          any other credit, payment or satisfaction to which the Company is entitled with respect to Bonds of Series F, the Company shall be entitled to credits against amounts otherwise payable in respect of the Tranche A Bonds, Tranche B Bonds and
          Tranche C Bonds in an amount corresponding to (a) the principal amount of any of the Tranche A Notes, Tranche B Notes or Tranche C Notes, as applicable, surrendered to the Note Trustee by the Company, or purchased by the Note Trustee, for
          cancellation, or redeemed by the Company, (b) the amount of money held by the Note Trustee and available and designated for the payment of principal of, and/or interest on, any Tranche A Notes, Tranche B Notes or Tranche C Notes, as applicable,
          regardless of the source of payment to the Note Trustee of such moneys, and (c) the amount by which principal of or interest due on the Tranche A Bonds, Tranche B Bonds or Tranche C Bonds exceeds principal of or interest due on the Tranche A
          Notes, Tranche B Notes or Tranche C Notes, respectively.  As provided in the definition of Outstanding in the Indenture, any reduction in the principal amount outstanding of a Tranche A Note, Tranche B Note or Tranche C Note shall cause a similar
          reduction in the amount of the Tranche A Bonds, the Tranche B Bonds or the Tranche C Bonds, as applicable, which reduction shall reduce the amount deemed to be Outstanding of the Bonds of Series F.  The amount by which the Bonds of Series F are
          deemed to be so reduced shall constitute a Retired Security for purposes of the Indenture.

       

      
        4

        
          

      

      Section 1.6          Notwithstanding

          anything in the Indenture to the contrary, the obligation of the Company to make payment with respect to the principal of and premium, if any, and interest on Tranche A Bonds, Tranche B Bonds or Tranche C Bonds shall be fully or partially, as the
          case may be, satisfied and discharged to the extent that (a) the Company shall have paid or caused to be paid the principal of and premium, if any, and interest on an outstanding Tranche A Note, Tranche B Note or Tranche C Note, respectively, as
          and when the same shall have become due and payable; (ii) the Company shall have delivered to the Note Trustee for cancellation an outstanding Tranche A Note, Tranche B Note or Tranche C Note, as applicable; or (iii) the Company shall have
          irrevocably deposited or caused to be irrevocably deposited with the Note Trustee as trust funds an amount in (i) cash, (ii) Eligible Obligations, which shall not contain provisions permitting the redemption or other prepayment thereof at the
          option of the issuer thereof, the principal of and the interest on which when due, without any regard to reinvestment thereof, will provide moneys which shall be sufficient, as certified by the Company in an Officer’s Certificate delivered to the
          Trustee, to pay when due all or part of the principal of and premium, if any, and interest, if any, due and to become due on all or part of the outstanding Tranche A Notes, Tranche B Notes or Tranche C Notes, as applicable, or (iii) a combination
          of (i) and (ii) which shall be sufficient, as certified by the Company in an Officer’s Certificate delivered to the Trustee, to pay when due all or part of the principal of and premium, if any, and interest, if any, due and to become due on the
          outstanding Tranche A Notes, Tranche B Notes or Tranche C Notes, as the case may be.

       

      Section 1.7          Without
          limiting the effect of Section 1.5, an Officer's Certificate, which is consented to or acknowledged by the Note Trustee, stating that the Company is entitled to a credit under Section 1.5 hereof or that any Note has been canceled or paid in whole
          or in part shall be conclusive evidence of such entitlement, and the Trustee shall accept such certificate as such evidence without further investigation or verification of the matters stated therein.

       

      Section 1.8          In addition to
          the Events of Default provided in the Indenture, the following constitute an Event of Default with respect to the Bonds of Series F:

       

      (a)          if the Company shall
          default in the payment of any installment of interest due on a Bond of Series F and such default shall continue for a period of ten (10) days; or

       

      (b)          if the Company shall
          default in the performance of or compliance with any other covenant, condition or term contained in the Indenture and such default shall continue for 30 days after the Company shall have knowledge thereof.

       

      Section 1.9          When the
          obligation of the Company to make payment with respect to the principal of and premium, if any, and interest on a Bond of Series F shall be satisfied or deemed satisfied in full pursuant to Section 1.5 or 1.6 or when there is no remaining
          principal amount deemed to be Outstanding, the Holder of such Bond of Series F shall, upon written request of the Company, deliver without cost to the Company such Bond of Series F, together with such appropriate instruments of transfer or
          release as may be reasonably requested by the Company.  All Bonds of Series F delivered to the Company in accordance with this Section 1.9 shall be delivered by the Company to the Security Registrar for cancellation in accordance with Section 3.9
          of the Original Indenture.

       

        

      
        5

        
          

      

      Section 1.10        In accordance
          with Sections 3.1(u) and 3.3 of the Original Indenture, and notwithstanding anything to the contrary in the Original Indenture, the Bonds of Series F may be authenticated by the manual or electronic signature of the Trustee.

       

      ARTICLE II.

      ISSUE AND AUTHENTICATION OF BONDS OF SERIES F

       

      Section 2.1          Upon
          compliance by the Company with the requirements of the Indenture, including this Second Supplemental Indenture, for the issuance of additional Securities, Bonds of Series F up to an aggregate principal amount of $525,000,000, consisting of
          Tranche A Bonds up to an aggregate principal amount of $150,000,000, Tranche B Bonds up to an aggregate principal amount of $250,000,000 and Tranche C Bonds up to an aggregate principal amount of $125,000,000 may forthwith, or, at the election of
          the Company, in stages from time to time, be executed by the Company and delivered to the Trustee, and the Trustee shall thereupon authenticate and make available for delivery said Bonds in accordance with the Original Indenture.

       

      ARTICLE III.

      COVENANT

       

      Section 3.1          As long as any
          Bonds of Series F remain Outstanding the Company will not declare or pay any dividend on any shares of its Common Stock (other than dividends payable in shares of its Common Stock) or make any distribution on such shares, or purchase or otherwise
          acquire any such shares (except shares acquired without cost to the Company), or advance any amount to or invest any amount in the property, securities or indebtedness of, or guarantee any indebtedness of, any Subsidiary if, after giving effect
          to such action, the sum of the aggregate amounts so declared, paid, distributed, purchased, acquired, advanced, invested or guaranteed after December 31, 2019 would exceed the aggregate net income of the Company available for dividends on its
          Common Stock earned after such date plus the sum of $756,181,000.

       

      For the purpose of calculating the requirements of this Section 3.1, the net income of the Company available for dividends on its Common Stock shall be
        determined in accordance with such system of accounts as may be prescribed by the BPU or in the absence thereof in accordance with generally accepted accounting principles as in effect at such time; provided, however, that (a) the deductions for
        depreciation or renewal or replacement reserves in respect of each year shall be the amount taken therefor on the accounts of the Company, and (b) no deduction or adjustment shall be made from gross income for or in respect of (i) expenses in
        connection with the redemption or retirement of any securities issued by the Company, including any amount paid in excess of the principal or par or stated value of securities redeemed or retired, and, if such redemption or retirement is effected
        with the proceeds of sale of other securities of the Company, interest on the securities redeemed or retired from the date on which the funds required for such redemption or retirement shall be deposited in trust for such purpose to the date of
        such redemption or retirement, (ii) profits or losses from sales of capital assets or taxes in respect of such profits, (iii) any adjustments to retained earnings (including tax adjustments) applicable to any period prior to January 1, 2020, (iv)
        charges for the write-off of unamortized debt discount and expense carried on the books of the Company at December 31, 2019, or (v) charges for the write-off or write-down of the amount at which any property of the Company was carried on its books
        at December 31, 2019, to the extent that the same shall be approved by, or be made pursuant to any rule, regulation, or order of, the BPU and shall not be required by the BPU to be charged against earnings accumulated after December 31, 2019.

       

      

      
        6

        
          

      

      ARTICLE IV.

      CONCERNING THE TRUSTEE

       

      Section 4.1          The Trustee,
          for itself and its successors in said trusts, hereby accepts the trust hereby provided and agrees to perform the same upon the terms and conditions contained in the Indenture, including this Second Supplemental Indenture.

       

      Section 4.2          The Trustee
          makes no undertaking or representations in respect of, and shall not be responsible in any manner whatsoever for and in respect of, the validity or sufficiency of this Second Supplemental Indenture or the proper authorization or the due execution
          hereof by the Company or for or in respect of the recitals and statements contained herein, all of which recitals and statements are made solely by the Company.

       

      ARTICLE V.

      MISCELLANEOUS

       

      Section 5.1          Except as
          expressly amended and supplemented hereby, the Indenture shall continue in full force and effect in accordance with the provisions thereof and the Indenture is in all respects hereby ratified and confirmed. This Second Supplemental Indenture and
          all of its provisions shall be deemed a part of the Indenture in the manner and to the extent herein and therein provided.

       

      Section 5.2          All
          capitalized terms used in this Second Supplemental Indenture that are not defined in this Second Supplemental Indenture which are defined in the Indenture shall have the same meaning as used in the Indenture, except where the context clearly
          indicates otherwise.

       

      Section 5.3          This Second
          Supplemental Indenture and Bonds of Series F shall be governed by and construed in accordance with the law of the State of New Jersey, except to the extent that the Trust Indenture Act shall be applicable.

       

      Section 5.4          This Second
          Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

       

        

      
        7

        
          

      

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

      

      

      	 	
              SOUTH JERSEY GAS COMPANY

            
	 	 	 
	 	
              By:

            	
              /s/ Cielo Hernandez

            
	 	 	
              Name:  Cielo Hernandez

            
	 	 	
              Title:  Treasurer

            
	 	 	 
	 	
              THE BANK OF NEW YORK MELLON,

            
	 	
              as Trustee

            
	 	 
	 	
              By:

            	
              /s/ Christine Conway

            
	 	 	
              Name: Christine Conway

            
	 	 	
              Title: Vice President

            

      

      

      
        8

        
          

      

       
        	STATE OF NEW JERSEY	:	
                 

              
	
                 

              	:	ss:
	COUNTY OF ATLANTIC	:	
                 

              

      

       

        

      Be it remembered, that on April 9, 2020, before me, a Notary Public of New Jersey, personally appeared Cielo Hernandez, who, I am satisfied, is
        Treasurer of South Jersey Gas Company, one of the corporations named in the foregoing deed or instrument, and I having first made known to her the contents thereof, she acknowledged that she had signed the same as such officer for and on behalf of
        such corporation, that the same was made by such corporation as its voluntary act and deed, and by virtue of authority of its board of directors, and that she has received, without charge, a true copy of said foregoing deed or instrument.  All of
        which is hereby certified.

      

      

      	 	
              /s/ Jessica Rodriguez

            	 
	 	
              Notary Public of New Jersey

            	 
	 	 	 
	 	
              My Commission Expires: April 13, 2022

            	 

       

      

      
        9

        
          

      

      
        	STATE OF NEW YORK	:	
                 

              	
                :

              
	
                 

              	:	ss:	 
	COUNTY OF NEW YORK	:	
                 

              	 

      

       

        

      Be it remembered, that on April 9, 2020, before me, a Notary Public in and for said State, personally appeared Christine Conway, who, I am satisfied,
        is a Vice President of The Bank of New York Mellon, one of the corporations named in the foregoing deed or instrument, and he/she acknowledged that he/she had signed the same as such officer for and on behalf of such corporation, that the same was
        made by such corporation as its voluntary act and deed, and by virtue of authority of its board of directors.  All of which is hereby certified.

       

      	 	
              /s/ Helen Choi

            
	 	
              Notary Public

            
	 	 
	 	
              My Commission Expires:  October 15, 2021

            

       

      
        10

        
          

      

      The within Second Supplemental Indenture has been recorded and filed as follows:

       

      

      
        	County	
                Date of Recordation

              	Book	

              	Page

        

        

      

      New Jersey:

       

      Atlantic

      Burlington

      Camden

      Cape May

      Cumberland

      Gloucester

      Salem

       

      
        11

        
          

      

      EXHIBIT A

       

      [FORM OF SERIES F BOND, TRANCHE A]

       

      THIS BOND IS NOT TRANSFERABLE EXCEPT AS PROVIDED IN THE INDENTURE (AS HEREINAFTER DEFINED) AND IN THE INDENTURE OF TRUST DATED AS OF OCTOBER 1, 1998 (AS SUPPLEMENTED FROM
        TIME TO TIME, THE “NOTE INDENTURE”) BETWEEN THE COMPANY AND THE BANK OF NEW YORK MELLON, AS TRUSTEE (THE “NOTE TRUSTEE”).

       
        	REGISTERED	REGISTERED
	NUMBER	AMOUNT
	RF2020A- 

              	$

              

      

       

      SOUTH JERSEY GAS COMPANY

       

      FIRST MORTGAGE BOND, SERIES F, TRANCHE A

       

      South Jersey Gas Company, a New Jersey corporation (hereinafter called the “Company”), for value received, promises to pay on April 16, 2030 to the Note Trustee or registered assigns, on the surrender hereof, the principal sum of __________________________ Dollars, and to pay interest thereon from the date
        hereof, at the rate of 3.28% per annum (computed on the basis of a 360 day year of twelve 30 day months), such interest to be payable April 16 and October 16 in each year, commencing October 16, 2020 until the obligation of the Company with respect
        to the payment thereof shall be discharged; provided, however, that principal and interest
        shall be payable on such dates as principal and interest is payable upon the Tranche A Notes (as hereinafter defined) with respect to which this First Mortgage Bond (this “Bond”) is being issued, whether at stated times, upon redemption or acceleration or otherwise; and provided, further, that the Company shall receive certain credits against such obligations as set forth in the Second Supplemental Indenture (as hereinafter defined), and the rate of interest may be increased to a default
        rate of interest, to the extent applicable to a Note, but in event to greater than 10% per annum.  Capitalized terms used but not defined in this Bond that are defined in the Indenture shall have such meanings as provided in the Indenture (as
        modified by the Second Supplemental Indenture).

       

      All payments of principal hereof and interest hereon shall be paid at the corporate trust office of the Trustee (as hereinafter defined) or its
        successor as trustee under the Indenture, or at such other places as the Company may agree, in such coin or currency of the United States of America as at the time of payment shall constitute legal tender for the payment of public and private
        debts; provided, however, that any such payments of principal and interest shall be subject
        to receipt of certain credits against such payment obligations as set forth in the Second Supplemental Indenture.

       

      
        12

        
          

      

      This Bond is one of an authorized issue of first mortgage bonds of the Company (“Securities”), designated as its First Mortgage Bonds, without specified limit as to aggregate authorized principal amount and issuable in one or more series (each of which is hereinafter referred to as a “Series”), all issued or to be issued under and (except in respect of any sinking, replacement, purchase, or other analogous fund provided in the Indenture or in
        any supplement thereto for any one or more particular Series of Securities or Tranches thereof) equally and ratably secured by that Supplemental Indenture Amending and Restating First Mortgage Indenture dated as of January 23, 2017 (the “Original Indenture”) between the Company and The Bank of New York Melon, as trustee (the “Trustee”), as may be supplemented by indentures supplemental thereto from time to time, including that First Supplemental Indenture dated as of January 23, 2017, and the Second Supplemental Indenture dated as of April
        16, 2020 (the “Second Supplemental Indenture”) duly executed by the Company to the Trustee, to which Original Indenture and all indentures supplemental thereto
        (herein sometimes collectively called the “Indenture”) reference is hereby made for a description of the property mortgaged and pledged and the respective
        rights of the Company, the Trustee and the Holders of Securities in respect thereof, and for a specification of the principal amount of Securities from time to time issuable thereunder and the conditions upon which Securities may be issued and
        shall be secured.

       

      The Securities designated as “South Jersey Gas Company First Mortgage Bonds, Series F” (sometimes referred to herein as “Bonds of Series F”), of which this Bond is one, are of similar tenor hereto, and are limited to the aggregate authorized principal amount of $525,000,000 (except for Bonds of Series F
        authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Bonds of Series F pursuant to Sections 3.4, 3.5, 3.6, 5.6 or 14.6 of the Indenture and except for any Bonds of Series F which, pursuant to
        Section 3.3 of the Indenture, are deemed never to have been authenticated and delivered hereunder).  More specifically, this Bond of Series F is a First Mortgage Bond, Series F, Tranche A (a “Tranche A Bond”) under the Second Supplement.  Such Tranche A Bonds have been issued to the Note Trustee as security for the payment of notes issued under the Note Indenture and designated Senior Secured Notes,
        Series F, 2020, Tranche A due April 16, 2030 (the “Tranche A Notes”), in the aggregate principal amount of $150,000,000.

       

      On certain defaults by the Company, as provided in the Indenture, the principal of this Bond may become payable in advance of the expressed maturity
        thereof.

       

      This Bond is transferable, but only as provided in the Indenture and the Note Indenture, upon surrender thereof for cancellation by the registered
        Holder in person or by attorney duly authorized in writing as provided in the Indenture.  Upon any such transfer, a new fully registered Tranche A Bond similar hereto will be issued to the transferee.  This Bond may in like manner be exchanged for
        one or more new fully registered Tranche A Bonds of other authorized denominations but of the same aggregate principal amount as more fully provided in the Indenture.  No service charge shall be made for any such transfer or exchange, but the
        Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.  The Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name any
        Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of and premium, if any, and (subject to Sections 3.5 and 3.7 of the Indenture) interest, if any, on such Security and for all other
        purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.

       

      
        13

        
          

      

      The Bonds of Series F are issuable only in fully registered form, in any denomination authorized by the Company.

       

      As more fully provided in the Indenture, certain of the provisions of the Indenture or Securities issued pursuant thereto may be altered, amended or
        eliminated, or additional provisions added, without the consent of the Holders, while other provisions of the Indenture or Securities issued pursuant thereto may be altered, amended or eliminated, or additional provisions added only with the
        consent of Holders of not less than a majority in aggregate principal amount of the Securities of all series then Outstanding, considered as one class; provided, however, that if there shall be Securities of more than one series Outstanding hereunder and if a proposed supplemental indenture shall directly affect the rights of the
        Holders of Securities of one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series so directly affected, considered as one class,
        shall be required; and provided, further, that if the Securities of any series shall have been issued in more than one Tranche and if a proposed supplemental indenture shall directly affect the rights of the Holders of Securities of one or more,
        but less than all, of such Tranches, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all Tranches so directly affected, considered as one class, shall be required.  Notwithstanding
        the foregoing, as provided in the Indenture, certain provisions of this Bond may not be changed without the consent of the Holder of this Bond.

       

      No recourse shall be had for the payment of the principal of or premium, if any, or interest, if any, on this Bond, or any part thereof, or for any
        claim based thereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, any indenture supplemental thereto or this Bond, against any past, present or future
        incorporator, stockholder, officer or director, as such, of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional
        provision, statute or rule of law or by the enforcement of any assessment or legal or equitable proceeding, penalty or otherwise; it being expressly agreed and understood that this Bond and the obligations evidenced hereby are solely corporate
        obligations and that no personal liability whatsoever shall attach to, or be incurred by, any incorporator, stockholder, officer or director, past, present or future, of the Company or of any predecessor or successor corporation, either directly or
        indirectly through the Company or any predecessor or successor corporation, because of the indebtedness evidenced hereby or under or by reason of any of the obligations, covenants or agreements contained in the Indenture, any supplemental indenture
        or in this Bond or to be implied therefrom or herefrom; and such personal liability, if any, is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution and delivery of the Indenture, as originally
        executed and delivered, and the issuance of this Bond.

       

      The execution by the Trustee, or by its successor in trust under the Indenture, of the Trustee's certificate of authentication set forth hereon is
        essential to the validity of this Bond.  This Bond shall be governed by and construed in accordance with the law of the State of New Jersey, except to the extent that the Trust Indenture Act shall be applicable.

       

      

      
        14

        
          

      

      IN WITNESS WHEREOF, SOUTH JERSEY GAS COMPANY has caused this Bond to be duly executed by the manual or facsimile signatures of its proper officers
        under its corporate seal or a facsimile thereof.

       

      	
              Date:

            	 	 

       

      	 	
              SOUTH JERSEY GAS COMPANY

            
	 	 	 
	 	
              By:

            	 
	 	
              

              

            	
               , [Title]

            

      

      

      
        15

        
          

      

      [FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION]

       

      The within Bond is one of the Bonds of the Series and Tranche designated therein, which are described or provided for in the within-mentioned
        Indenture.

       

      	 	
              The Bank of New York Mellon, as Trustee

            
	 	 	 
	 	
              By

            	 	 
	 	 	
              Authorized Signatory

            	
              

              

            
	 	 	 	 
	 	
              Date of Authentication:

            	 

      

      

      
        16

        
          

      

      EXHIBIT B

       

      [FORM OF SERIES F BOND, TRANCHE B]

       

      THIS BOND IS NOT TRANSFERABLE EXCEPT AS PROVIDED IN THE INDENTURE (AS HEREINAFTER DEFINED) AND IN THE INDENTURE OF TRUST DATED AS OF OCTOBER 1, 1998 (AS SUPPLEMENTED FROM
        TIME TO TIME, THE “NOTE INDENTURE”) BETWEEN THE COMPANY AND THE BANK OF NEW YORK MELLON, AS TRUSTEE (THE “NOTE TRUSTEE”).

       

      
        	REGISTERED	REGISTERED
	NUMBER	AMOUNT
	
                RF2020B-

              	$

              

      

      

      SOUTH JERSEY GAS COMPANY

       

      FIRST MORTGAGE BOND, SERIES F, TRANCHE B

       

      South Jersey Gas Company, a New Jersey corporation (hereinafter called the “Company”), for value received, promises to pay on April 16, 2050 to the Note Trustee or registered assigns, on the surrender hereof, the principal sum of __________________________ Dollars, and to pay interest thereon from the date
        hereof, at the rate of 3.93% per annum (computed on the basis of a 360 day year of twelve 30 day months), such interest to be payable April 16 and October 16 in each year, commencing October 16, 2020 until the obligation of the Company with respect
        to the payment thereof shall be discharged; provided, however, that principal and interest
        shall be payable on such dates as principal and interest is payable upon the Tranche B Notes (as hereinafter defined) with respect to which this First Mortgage Bond (this “Bond”) is being issued, whether at stated times, upon redemption or acceleration or otherwise; and provided, further, that the Company shall receive certain credits against such obligations as set forth in the Second Supplemental Indenture (as hereinafter defined), and the rate of interest may be increased to a default
        rate of interest, to the extent applicable to a Note, but in event to greater than 10% per annum.  Capitalized terms used but not defined in this Bond that are defined in the Indenture shall have such meanings as provided in the Indenture (as
        modified by the Second Supplemental Indenture).

       

      All payments of principal hereof and interest hereon shall be paid at the corporate trust office of the Trustee (as hereinafter defined) or its
        successor as trustee under the Indenture, or at such other places as the Company may agree, in such coin or currency of the United States of America as at the time of payment shall constitute legal tender for the payment of public and private
        debts; provided, however, that any such payments of principal and interest shall be subject
        to receipt of certain credits against such payment obligations as set forth in the Second Supplemental Indenture.

       

      
        17

        
          

      

      This Bond is one of an authorized issue of first mortgage bonds of the Company (“Securities”), designated as its First Mortgage Bonds, without specified limit as to aggregate authorized principal amount and issuable in one or more series (each of which is hereinafter referred to as a “Series”), all issued or to be issued under and (except in respect of any sinking, replacement, purchase, or other analogous fund provided in the Indenture or in
        any supplement thereto for any one or more particular Series of Securities or Tranches thereof) equally and ratably secured by that Supplemental Indenture Amending and Restating First Mortgage Indenture dated as of January 23, 2017 (the “Original Indenture”) between the Company and The Bank of New York Melon, as trustee (the “Trustee”), as may be supplemented by indentures supplemental thereto from time to time, including that First Supplemental Indenture dated as of January 23, 2017, and the Second Supplemental Indenture dated as of April
        16, 2020 (the “Second Supplemental Indenture”) duly executed by the Company to the Trustee, to which Original Indenture and all indentures supplemental thereto
        (herein sometimes collectively called the “Indenture”) reference is hereby made for a description of the property mortgaged and pledged and the respective
        rights of the Company, the Trustee and the Holders of Securities in respect thereof, and for a specification of the principal amount of Securities from time to time issuable thereunder and the conditions upon which Securities may be issued and
        shall be secured.

       

      The Securities designated as “South Jersey Gas Company First Mortgage Bonds, Series F” (sometimes referred to herein as “Bonds of Series F”), of which this Bond is one, are of similar tenor hereto, and are limited to the aggregate authorized principal amount of $525,000,000 (except for Bonds of Series F
        authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Bonds of Series F pursuant to Sections 3.4, 3.5, 3.6, 5.6 or 14.6 of the Indenture and except for any Bonds of Series F which, pursuant to
        Section 3.3 of the Indenture, are deemed never to have been authenticated and delivered hereunder).  More specifically, this Bond of Series F is a First Mortgage Bond, Series F, Tranche B (a “Tranche B Bond”) under the Second Supplement.  Such Tranche B Bonds have been issued to the Note Trustee as security for the payment of notes issued under the Note Indenture and designated Senior Secured Notes,
        Series F, 2020, Tranche B due April 16, 2050 (the “Tranche B Notes”), in the aggregate principal amount of $250,000,000.

       

      On certain defaults by the Company, as provided in the Indenture, the principal of this Bond may become payable in advance of the expressed maturity
        thereof.

       

      This Bond is transferable, but only as provided in the Indenture and the Note Indenture, upon surrender thereof for cancellation by the registered
        Holder in person or by attorney duly authorized in writing as provided in the Indenture.  Upon any such transfer, a new fully registered Tranche B Bond similar hereto will be issued to the transferee.  This Bond may in like manner be exchanged for
        one or more new fully registered Tranche B Bonds of other authorized denominations but of the same aggregate principal amount as more fully provided in the Indenture.  No service charge shall be made for any such transfer or exchange, but the
        Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.  The Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name any
        Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of and premium, if any, and (subject to Sections 3.5 and 3.7 of the Indenture) interest, if any, on such Security and for all other
        purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.

       

      
        18

        
          

      

      The Bonds of Series F are issuable only in fully registered form, in any denomination authorized by the Company.

       

      As more fully provided in the Indenture, certain of the provisions of the Indenture or Securities issued pursuant thereto may be altered, amended or
        eliminated, or additional provisions added, without the consent of the Holders, while other provisions of the Indenture or Securities issued pursuant thereto may be altered, amended or eliminated, or additional provisions added only with the
        consent of Holders of not less than a majority in aggregate principal amount of the Securities of all series then Outstanding, considered as one class; provided, however, that if there shall be Securities of more than one series Outstanding hereunder and if a proposed supplemental indenture shall directly affect the rights of the
        Holders of Securities of one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series so directly affected, considered as one class,
        shall be required; and provided, further, that if the Securities of any series shall have been issued in more than one Tranche and if a proposed supplemental indenture shall directly affect the rights of the Holders of Securities of one or more,
        but less than all, of such Tranches, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all Tranches so directly affected, considered as one class, shall be required.  Notwithstanding
        the foregoing, as provided in the Indenture, certain provisions of this Bond may not be changed without the consent of the Holder of this Bond.

       

      No recourse shall be had for the payment of the principal of or premium, if any, or interest, if any, on this Bond, or any part thereof, or for any
        claim based thereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, any indenture supplemental thereto or this Bond, against any past, present or future
        incorporator, stockholder, officer or director, as such, of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional
        provision, statute or rule of law or by the enforcement of any assessment or legal or equitable proceeding, penalty or otherwise; it being expressly agreed and understood that this Bond and the obligations evidenced hereby are solely corporate
        obligations and that no personal liability whatsoever shall attach to, or be incurred by, any incorporator, stockholder, officer or director, past, present or future, of the Company or of any predecessor or successor corporation, either directly or
        indirectly through the Company or any predecessor or successor corporation, because of the indebtedness evidenced hereby or under or by reason of any of the obligations, covenants or agreements contained in the Indenture, any supplemental indenture
        or in this Bond or to be implied therefrom or herefrom; and such personal liability, if any, is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution and delivery of the Indenture, as originally
        executed and delivered, and the issuance of this Bond.

       

      The execution by the Trustee, or by its successor in trust under the Indenture, of the Trustee's certificate of authentication set forth hereon is
        essential to the validity of this Bond.  This Bond shall be governed by and construed in accordance with the law of the State of New Jersey, except to the extent that the Trust Indenture Act shall be applicable.

      
        19

        
          

      

      IN WITNESS WHEREOF, SOUTH JERSEY GAS COMPANY has caused this Bond to be duly executed by the manual or facsimile signatures of its proper officers
        under its corporate seal or a facsimile thereof.

      

      
        	
                Date:

              	 	 

         

        	 	
                SOUTH JERSEY GAS COMPANY

              
	 	 	 
	 	
                By:

              	 
	 	
                

                

              	
                 , [Title]

              

        

        

      

      
        20

        
          

      

      [FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION]

       

      The within Bond is one of the Bonds of the Series and Tranche designated therein, which are described or provided for in the within-mentioned
        Indenture.

       

      
        	 	
                The Bank of New York Mellon, as Trustee

              
	 	 	 
	 	
                By

              	 	 
	 	 	
                Authorized Signatory

              	
                

                

              
	 	 	 	 
	 	
                Date of Authentication:

              	 

         

        

      

      
        21

        
          

      

      EXHIBIT C

       

      [FORM OF SERIES F BOND, TRANCHE C]

       

      THIS BOND IS NOT TRANSFERABLE EXCEPT AS PROVIDED IN THE INDENTURE (AS HEREINAFTER DEFINED) AND IN THE INDENTURE OF TRUST DATED AS OF OCTOBER 1, 1998 (AS SUPPLEMENTED FROM
        TIME TO TIME, THE “NOTE INDENTURE”) BETWEEN THE COMPANY AND THE BANK OF NEW YORK MELLON, AS TRUSTEE (THE “NOTE TRUSTEE”).

       
        	REGISTERED	REGISTERED
	NUMBER	AMOUNT
	
                RF2020C-

              	$

              

      

       

      SOUTH JERSEY GAS COMPANY

       

      FIRST MORTGAGE BOND, SERIES F, TRANCHE C

       

      South Jersey Gas Company, a New Jersey corporation (hereinafter called the “Company”), for value received, promises to pay on October 1, 2050 to the Note Trustee or registered assigns, on the surrender hereof, the principal sum of __________________________ Dollars, and to pay interest thereon from the date
        hereof, at the rate of 3.98% per annum (computed on the basis of a 360 day year of twelve 30 day months), such interest to be payable April 1 and October 1 in each year, commencing April 1, 2021 until the obligation of the Company with respect to
        the payment thereof shall be discharged; provided, however, that principal and interest
        shall be payable on such dates as principal and interest is payable upon the Tranche C Notes (as hereinafter defined) with respect to which this First Mortgage Bond (this “Bond”) is being issued, whether at stated times, upon redemption or acceleration or otherwise; and provided, further, that the Company shall receive certain credits against such obligations as set forth in the Second Supplemental Indenture (as hereinafter defined), and the rate of interest may be increased to a default
        rate of interest, to the extent applicable to a Note, but in event to greater than 10% per annum.  Capitalized terms used but not defined in this Bond that are defined in the Indenture shall have such meanings as provided in the Indenture (as
        modified by the Second Supplemental Indenture).

       

      All payments of principal hereof and interest hereon shall be paid at the corporate trust office of the Trustee (as hereinafter defined) or its
        successor as trustee under the Indenture, or at such other places as the Company may agree, in such coin or currency of the United States of America as at the time of payment shall constitute legal tender for the payment of public and private
        debts; provided, however, that any such payments of principal and interest shall be subject
        to receipt of certain credits against such payment obligations as set forth in the Second Supplemental Indenture.

       

      
        22

        
          

      

      This Bond is one of an authorized issue of first mortgage bonds of the Company (“Securities”), designated as its First Mortgage Bonds, without specified limit as to aggregate authorized principal amount and issuable in one or more series (each of which is hereinafter referred to as a “Series”), all issued or to be issued under and (except in respect of any sinking, replacement, purchase, or other analogous fund provided in the Indenture or in
        any supplement thereto for any one or more particular Series of Securities or Tranches thereof) equally and ratably secured by that Supplemental Indenture Amending and Restating First Mortgage Indenture dated as of January 23, 2017 (the “Original Indenture”) between the Company and The Bank of New York Melon, as trustee (the “Trustee”), as may be supplemented by indentures supplemental thereto from time to time, including that First Supplemental Indenture dated as of January 23, 2017, and the Second Supplemental Indenture dated as of April
        16, 2020 (the “Second Supplemental Indenture”) duly executed by the Company to the Trustee, to which Original Indenture and all indentures supplemental thereto
        (herein sometimes collectively called the “Indenture”) reference is hereby made for a description of the property mortgaged and pledged and the respective
        rights of the Company, the Trustee and the Holders of Securities in respect thereof, and for a specification of the principal amount of Securities from time to time issuable thereunder and the conditions upon which Securities may be issued and
        shall be secured.

       

      The Securities designated as “South Jersey Gas Company First Mortgage Bonds, Series F” (sometimes referred to herein as “Bonds of Series F”), of which this Bond is one, are of similar tenor hereto, and are limited to the aggregate authorized principal amount of $525,000,000 (except for Bonds of Series F
        authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Bonds of Series F pursuant to Sections 3.4, 3.5, 3.6, 5.6 or 14.6 of the Indenture and except for any Bonds of Series F which, pursuant to
        Section 3.3 of the Indenture, are deemed never to have been authenticated and delivered hereunder).  More specifically, this Bond of Series F is a First Mortgage Bond, Series F, Tranche C (a “Tranche C Bond”) under the Second Supplement.  Such Tranche C Bonds have been issued to the Note Trustee as security for the payment of notes issued under the Note Indenture and designated Senior Secured Notes,
        Series F, 2020, Tranche C due October 1, 2050 (the “Tranche C Notes”), in the aggregate principal amount of $125,000,000.

       

      On certain defaults by the Company, as provided in the Indenture, the principal of this Bond may become payable in advance of the expressed maturity
        thereof.

       

      This Bond is transferable, but only as provided in the Indenture and the Note Indenture, upon surrender thereof for cancellation by the registered
        Holder in person or by attorney duly authorized in writing as provided in the Indenture.  Upon any such transfer, a new fully registered Tranche C Bond similar hereto will be issued to the transferee.  This Bond may in like manner be exchanged for
        one or more new fully registered Tranche C Bonds of other authorized denominations but of the same aggregate principal amount as more fully provided in the Indenture.  No service charge shall be made for any such transfer or exchange, but the
        Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.  The Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name any
        Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of and premium, if any, and (subject to Sections 3.5 and 3.7 of the Indenture) interest, if any, on such Security and for all other
        purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.

       

      
        23

        
          

      

      The Bonds of Series F are issuable only in fully registered form, in any denomination authorized by the Company.

       

      As more fully provided in the Indenture, certain of the provisions of the Indenture or Securities issued pursuant thereto may be altered, amended or
        eliminated, or additional provisions added, without the consent of the Holders, while other provisions of the Indenture or Securities issued pursuant thereto may be altered, amended or eliminated, or additional provisions added only with the
        consent of Holders of not less than a majority in aggregate principal amount of the Securities of all series then Outstanding, considered as one class; provided, however, that if there shall be Securities of more than one series Outstanding hereunder and if a proposed supplemental indenture shall directly affect the rights of the
        Holders of Securities of one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series so directly affected, considered as one class,
        shall be required; and provided, further, that if the Securities of any series shall have been issued in more than one Tranche and if a proposed supplemental indenture shall directly affect the rights of the Holders of Securities of one or more,
        but less than all, of such Tranches, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all Tranches so directly affected, considered as one class, shall be required.  Notwithstanding
        the foregoing, as provided in the Indenture, certain provisions of this Bond may not be changed without the consent of the Holder of this Bond.

       

      No recourse shall be had for the payment of the principal of or premium, if any, or interest, if any, on this Bond, or any part thereof, or for any
        claim based thereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, any indenture supplemental thereto or this Bond, against any past, present or future
        incorporator, stockholder, officer or director, as such, of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional
        provision, statute or rule of law or by the enforcement of any assessment or legal or equitable proceeding, penalty or otherwise; it being expressly agreed and understood that this Bond and the obligations evidenced hereby are solely corporate
        obligations and that no personal liability whatsoever shall attach to, or be incurred by, any incorporator, stockholder, officer or director, past, present or future, of the Company or of any predecessor or successor corporation, either directly or
        indirectly through the Company or any predecessor or successor corporation, because of the indebtedness evidenced hereby or under or by reason of any of the obligations, covenants or agreements contained in the Indenture, any supplemental indenture
        or in this Bond or to be implied therefrom or herefrom; and such personal liability, if any, is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution and delivery of the Indenture, as originally
        executed and delivered, and the issuance of this Bond.

       

      The execution by the Trustee, or by its successor in trust under the Indenture, of the Trustee's certificate of authentication set forth hereon is
        essential to the validity of this Bond.  This Bond shall be governed by and construed in accordance with the law of the State of New Jersey, except to the extent that the Trust Indenture Act shall be applicable.

       

      

      
        24

        
          

      

      IN WITNESS WHEREOF, SOUTH JERSEY GAS COMPANY has caused this Bond to be duly executed by the manual or facsimile signatures of its proper officers
        under its corporate seal or a facsimile thereof.

       

      
        
          	
                  Date:

                	 	 

           

          	 	
                  SOUTH JERSEY GAS COMPANY

                
	 	 	 
	 	
                  By:

                	 
	 	
                  

                  

                	
                   , [Title]

                

          

          

        

      

      
        25

        
          

      

      [FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION]

       

      The within Bond is one of the Bonds of the Series and Tranche designated therein, which are described or provided for in the within-mentioned
        Indenture.

       

      
        	 	
                The Bank of New York Mellon, as Trustee

              
	 	 	 
	 	
                By

              	 	 
	 	 	
                Authorized Signatory

              	
                

                

              
	 	 	 	 
	 	
                Date of Authentication:

              	 

         

        

        
           

            

          26

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00307-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00307-of-00352.parquet"}]]