Document:

Document

Exhibit 10.1

English Translation

Inspire Integrated Resort Co., Ltd.
Junior Convertible Bonds Subscription Agreement

December 27, 2022

 Junior Convertible Bonds Subscription Agreement

Inspire Integrated Resort Co., Ltd. (the "Issuer") signed on September 24, 2021 the Loan Agreement (the "Loan Agreement" as amended, modified, or supplemented as agreed upon by the Parties) of KRW 1.04 trillion with certain financial institutions in connection with the development project of Phase 1A of the Inspire Complex Resort (the “Project”), and Hanwha Engineering & Construction (the “Investor" or the “Bondholder”) submitted to the Lenders under the Loan Agreement the Junior Convertible Bonds Subscription Covenant Letter dated September 24, 2021 (the "Covenant Letter") under which the Investor agreed to subscribe for the junior convertible bonds to be issued by the Issuer.  

Pursuant to the special resolution of the general meeting of shareholders of the Issuer held on December 27, 2022, this Junior Convertible Bonds Subscription Agreement (the "Agreement”) was entered into between the following parties on December 27, 2022 with respect to the 1st and 2nd Non-registered, Non-guaranteed Private Convertible Bonds of Inspire Integrated Resort Co., Ltd. to be issued by the Issuer on December 30, 2022 and March 30, 2023 in accordance with the Covenant Letter.  

Unless otherwise defined or interpreted differently by context herein, all defined terms used in the Loan Agreement shall have the same meanings herein.  
						
		
	Investor or Bondholder	Hanwha Corporation 
86 Cheonggyecheon-ro, Jung-gu, Seoul, Korea 

		
	Issuer	Inspire Integrated Resort Co., Ltd.
2955 Unseo-dong, Jung-gu, Incheon, Korea

Article 1 (Issuance and Subscription of Convertible Bonds)
1    The Issuer shall issue and the Investor shall subscribe for the following non-registered, non-guaranteed private convertible bonds with coupons (the "CBs") in accordance with this Agreement.  
1.    Name of the Issuer: Inspire Integrated Resort Co., Ltd.
2.    Name of the CBs: The (i) 1st Non-registered, Non-guaranteed Private Convertible Bonds with Coupons of Inspire Integrated Resort Co., Ltd. (“1st CB”) and (ii) 2nd Non-registered Non-guaranteed Private Convertible Bonds with Coupons of Inspire Integrated Resort Co., Ltd. (“2nd CB”)
3.    Type of the CBs: Non-registered, non-guaranteed private convertible bonds with coupons
4.    Aggregate Face Value of the CBs: 
(i) 1st CB: Fifty Billion Korean Won (KRW 50,000,000,000)
(ii) 2nd CB: Fifty Billion Korean Won (KRW 50,000,000,000)
5.    Type and volume of the CBs: 
(i) 1st CB: one (1) unit denominated in KRW 50,000,000,000
(ii) 2nd CB: one (1) unit denominated in KRW 50,000,000,000
6.    Issue Price of the CBs: 100% of the face value of the CBs
7.    Method of issuance of the CBs: Issuance of the CB certificates in physical form
8.    Interest rate on the CBs: Coupon rate: simple rate of 5.5% per annum, Yield to maturity (YTM): compound rate of 10.0% per annum 
9.    Issue date of the CBs:
(i) 1st CB: December 30, 2022 
(ii) 2nd CB: March 30, 2023 
10.    Payment date of the CBs: 
(i) 1st CB: December 30, 2022
(ii) 2nd CB: March 30, 2023
11.    Maturity date of the CBs: December 30, 2032 (120 months from the issue date of the 1st CBs)
12.    Issuer’s capital and capital surplus as of the execution date of this Agreement
(i) Capital: KRW 33,147,830,000

(ii) Capital surplus: KRW 629,619,976,268
13.    Issuer’s total number of shares issued as of the execution date of this Agreement: 6,629,566 shares
14.    The Investor's subscription price of the CBs:
(i) 1st CB: Fifty Billion Korean Won (KRW 50,000,000,000)
(ii) 2nd CB: Fifty Billion Korean Won (KRW 50,000,000,000)
15.    Place of payment of the principal and the interest on the CBs: Head office of the Issuer.
16.    Division and Consolidation of the CBs: The CB certificates shall be issued in non-registered form only, and in the number of less than fifty (50) units of which face value split is permitted, and such terms shall be recorded on the face of the CBs as special terms; provided, however, that the split or consolidation of such CBs shall be prohibited for one (1) year from their issue date. 
17.    The Investor’s Put Option: The Investor shall be entitled to require the Issuer to prepay before maturity all or part of the principal of the CBs on the sixtieth (60th) month anniversary of the respective issue date of the CBs, which shall be–December 30, 2027 for the 1st CB and March 30, 2028 for the 2nd CB, and on every third (3rd) month anniversary thereafter (each day being the prepayment date), in the following method and on the following terms. The Investor shall notify the Issuer of its request for prepayment at least sixty (60) business days prior to any relevant prepayment date. For the avoidance of doubt, if the prepayment date is sixty (60) months from the issue date of 1st CB or later, the Investor shall notify the Issuer of its request for prepayment at least sixty (60) business days prior to such prepayment date. However, if the prepayment date is not a business day, then prepayment shall be made on the next business day and no interest after the prepayment date shall accrue. 
(1)    Place for the prepayment payment: Head office of the Issuer. 
(2)    Prepayment request period: The Investor shall request prepayment by written notice to the Issuer no later than sixty (60) business days prior to the relevant prepayment date. 
(3)    Process of exercising the Put Option:  The Investor shall submit to the Issuer the prepayment request with a statement of prepayment (including the amount subject to prepayment, description of the bondholder and payment bank) and documents verifying the bondholder (CB certificates). 
(4)    Prepayment amount: On the prepayment date, the Issuer shall pay to the Bondholder the prepayment amount in the following formula (for the avoidance of doubt, any default interest payable under Article 2(3)(ii) shall be paid separately from the prepayment amount): 
			
	 A + B - C
A: Principal amount of CBs subject to prepayment 
B: Simple interest accrued on A at the coupon rate for the period from (and including) the issue date to (but excluding) the prepayment date  
C: Sum of all interest accrued on A at the coupon rate and already paid to the Bondholder.

(5)    Prepayment Fee: There is no prepayment fee payable.
(6)    Default Interest: If the Issuer fails to pay the prepayment amount on the prepayment date, the Issuer shall pay a default interest accrued on such outstanding amount at the coupon rate of the CBs added by three percent (3%) per annum until the date of payment in full. The default interest shall be computed on the daily basis of a three hundred and sixty-five (365)-day year (or a three hundred and sixty-six (366)-day year for a leap year).

18.    The Issuer's Call Option: The Issuer may pay part of the principal of the CBs before maturity on the thirty sixth (36th) month anniversary of the respective issue date of the CBs, which shall be December 30, 2025 for the 1st CB and March 30, 2026 for the 2nd CB, and on every first (1st) month anniversary thereafter (each day being the early repayment date), in the following method and on the following terms. However, the Issuer may exercise the Call Option up to a maximum amount equivalent to seventy percent (70%) of the aggregate face value of the CBs. 
(1)    Place for the early repayment: Head office of the Issuer. 
(2)    Call Option exercise period: The Issuer shall notify the Investor of exercise of the Call Option in writing, during a period from sixty (60) calendar days to thirty (30) calendar days prior to the early repayment date. 
(3)    Process of exercising the Call Option: The Issuer shall submit to the Investor the early repayment request with a statement of early repayment (including the amount subject to early repayment, place for early repayment). 
(4)    Early Repayment Amount: On the early repayment date, the Issuer shall pay to the Bondholder early repayment amount in the following formula (for the avoidance of doubt, any default interest payable under Article 2(3)(ii) shall be paid separately from the early repayment amount). 
			
	A + B – C + D
A: Principal amount of CBs subject to early repayment 
B: Interest accrued on A at the coupon rate for the period from (and including) the issue date to (but excluding) the early repayment date  
C: Sum of all interest accrued on A at the coupon rate and already paid to the Bondholder 
D: The sum of “A multiplied by [the difference between interest at YTM and interest at coupon rate] at annually compounded YTM for the period from (and including) each Interest Payment Date to (but excluding) the early repayment date” for each Interest Payment Date from (and including) the issue date to (but excluding) the early repayment date 
    
* As used herein, Interest Payment Date means each interest payment date set forth in the Appendix attached hereto, and even if a payment date of any interest is automatically extended pursuant to Article 12(1), such extended payment date shall not be deemed an Interest Payment Date.

(5)    Early Repayment Fee: There is no early repayment fee payable.
(6)    Default Interest: If the Issuer fails to pay the early repayment amount on the early repayment date, the Issuer shall pay a default compounded interest (13% per annum) accrued on such outstanding amount at the YTM of the CBs added by three percent (3%) per annum for a period from the day after the early repayment date to the actual date of payment in full. The default interest shall be computed on the daily basis of a three hundred and sixty-five (365)-day year (or a three hundred and sixty-six (366)-day year for a leap year).
2    The Issuer shall notify the Investor of a bank account into which the subscription price for the CBs will be deposited no later than three (3) business days prior to the payment date, and the Investor shall remit the entire amount of the subscription price for the CBs to the bank account notified by the Issuer by the payment date.
3    The Issuer shall issue the CBs and submit the application for the commercial registration of the CBs on the payment date. 

4    The Issuer shall deliver the following documents to the Investor on the payment date after the payment is made: 
1.    Bond certificates of the CBs. However, until issuance and delivery of the CB certificates, the CB certificates may be replaced with the CB Payment Certificates or the Confirmation of Non-Issuance of CB Certificates;
2.    Receipt of payment of the subscription price for the CBs; and 
3.    Any other materials reasonably requested by the Investor that make the issuance of the CBs under this Agreement legitimate and valid. 

Article 2   Matters Regarding Redemption of the CBs
The Issuer shall pay the principal and the interest of the CBs as follows:
1    Redemption amount at the Maturity
For any outstanding CBs that have not been converted at the Maturity, the Issuer shall pay to the Investor the amount calculated by the following formula for such non-converted CBs on the maturity date (for the avoidance of doubt, any default interest payable under Article 2(3)(ii) shall be paid separately from the redemption amount at the Maturity). However, if the redemption date is not a business day, then the next business day shall be deemed as the repayment date. 

			
	A + B – C + D
A: Principal amount of CBs subject to redemption at the Maturity 
B: Interest on A, calculated by applying the coupon rate to A for a period from (and including) the issue date to (but excluding) the maturity date
C: Sum of all interest accrued on A, calculated at the coupon rate and already paid to the Bondholder
D: The sum of “A multiplied by [the difference between interest at YTM and interest at coupon rate] at annually compounded YTM for the period from (and including) each Interest Payment Date to (but excluding) the maturity date” for each Interest Payment Date from (and including) the issue date to (but excluding) the maturity date

* As used herein, Interest Payment Date means each interest payment date set forth in the Appendix attached hereto, and even if a payment date of any interest is automatically extended pursuant to Article 12(1), such extended payment date shall not be deemed an Interest Payment Date.

2    Payment of the Interest
The interest on the CBs shall accrue on the principal amount of the CBs outstanding as of the Interest Payment Date (defined below) from the issue date until the date immediately preceding the maturity date at the coupon rate on the daily basis of a three hundred and sixty-five (365)-day year (or a three hundred and sixty-six (366)-day year for a leap year), and shall be paid in arrears on each interest payment date set forth in the Appendix attached hereto (the “Interest Payment Date”) every three (3) months from the issue date until the maturity date {The interest payable on the applicable Interest Payment Date shall be calculated daily, on a pro rata basis, for a period from (and including) the immediately preceding Interest Payment Date to the date before the applicable Interest Payment Date}. However, if the applicable Interest Payment Date is not a business day, then the next business day shall be deemed as the Interest Payment Date. In such case, any interest for the period after the applicable Interest Payment Date to the date before the next business day shall be paid on the subsequent Interest Payment Date in addition to the interest payable on such subsequent Interest Payment Date; provided, however, if there is no subsequent Interest Payment Date, such interest shall be paid on the next business day. For avoidance of doubt, 

even if interest is paid on the next business day of any Interest Payment Date due to the proviso of this Paragraph (2), the Interest Payment Dates thereafter shall not be changed and payment shall be made in accordance with the Appendix attached hereto.
3    Default Interest
(i) If the Issuer fails to pay the principal and the interest on the Maturity Date pursuant to Paragraph (1), the Issuer shall pay a default interest on the unpaid amount by applying a default compounded interest rate of 13 % per annum, which is equivalent to the YTM plus 3 % per annum, for a period from the day following the maturity date to (but excluding) the actual payment date, and (ii) if the Issuer fails to pay interest on the Interest Payment Date pursuant to Paragraph (2), the Issuer shall pay a default interest on the unpaid amount by applying a default compounded interest rate of 8.5 % per annum, which is equivalent to the coupon rate plus 3 % per annum, from the day following the applicable Interest Payment Date until (but excluding) the actual payment date. The default interest pursuant to this Paragraph (3), shall be calculation on a daily basis of a three hundred and sixty-five (365)-day year (or a three hundred and sixty-six (366)-day year for a leap year).

Article 3   Matters Regarding Conversion Right
1    Conversion Request Period: The Investor shall have the right to convert the CBs into common shares (with par value of KRW 5,000) of the Issuer on the date (For 1st CB: December 30, 2027 and for 2nd CB: March 30, 2028) when sixty (60) months shall have passed from the issue date of each round CBs and on every Interest Payment Date thereafter until the maturity date of each round CBs (For 1st CB and 2nd CB: December 30, 2032).
2    The conversion method is as follows:
1.    For the purpose of converting the CBs into common shares, the Investor shall execute and submit to the Issuer a written request for conversion of the CBs, which sets out the scope of conversion of the CBs and the date of request for conversion, etc., together with the CB certificates.  
2.    Upon filing the request for conversion, conversion shall be deemed to take effect immediately prior to the close of business hours on the date when the request for conversion together with the relevant CB certificates are submitted by the Investor.  
3.    If common shares are issued to the Investor upon conversion, the Investor shall be deemed to be a shareholder entered on the shareholders' register of the Issuer as of the date set forth in subparagraph 2 above. 
4.    The Issuer shall issue to the Investor the share certificates in the number of common shares to which the Investor is entitled as soon as possible after being delivered the CB certificates.
5.    Any and all matters including conduct of the conversion process shall be handled by the Issuer who shall promptly notify the Investor of necessary matters about and the results of the conversion process. Any changes shall be entered on the bond register.
3    The conversion rate and the conversion price shall be as follows: For the avoidance of doubt, each subparagraph of this Paragraph shall be applied cumulatively.
1.    Class of shares to be issued upon request for conversion: Common shares of the Issuer in registered form
2.    Conversion rate: The number of converted shares shall be one hundred percent (100%) of the face value of each CB (i.e., a sum of face values if conversion of more than two (2) CBs is requested) divided by the following conversion price, and any fraction less than one (1) share shall not be issued. An amount of any fraction less than one (1) share shall be paid in cash upon delivery of the converted share certificates, and no interest shall not be paid on the price for such fraction. 
3.    Initial conversion price: KRW 99,960 per share 
4.    Adjustment of the conversion price 
(1)    If, prior to the conversion of the CBs, the Issuer increases share capital for consideration or issues equity-linked bonds (such as convertible bonds, bonds with warrants, and other types of bonds for which conversion into shares is possible) at an issue price less than the conversion price of the CBs applicable at that time, the conversion price shall be adjusted to such issue price. The adjustment of the conversion price pursuant to the foregoing 

provision shall apply to any increase or issuance after the execution of the Loan Agreement and before the execution of this Agreement. 
(2)    If the number of the issued shares increases due to stock dividends or bonus issuance after the issuance of the CBs but before the conversion request is made, the conversion price of the CBs shall be adjusted in accordance with the formula below:

																																										
	Conversion Price after Adjustment	=	Conversion Price before Adjustment	×	{
	Number of the issued shares 
	+	[	Number of Newly issued shares	×	Issue price per share/Market Price	]	}
			Number of the issued shares	+	Number of newly issued shares

(In the above formula, the “Number of the issued shares” shall be the number of shares as of the date immediately preceding the date on which an event triggering adjustment of the conversion price takes place, and an amount less than KRW1 of the adjusted conversion price shall be rounded down. “Market Price” shall be the “Conversion Price” before the Issuer’s shares are listed but after the listing, the theoretical ex-rights price (for rights issuance) under the Capital Markets and Financial Investment Business Act or the Regulation on Issuance and Disclosure of Securities or the base share price calculated as of the date preceding the date on which the event triggering adjustment of the conversion price takes place.)
(3)    If the conversion price needs to be adjusted due to any stock split or stock consolidation, the conversion price shall be adjusted in proportion to the ratio of stock split or stock consolidation, and if the conversion price needs to be adjusted due to any spin-off, split-off or capital decrease of the Issuer, the conversion price shall be adjusted in accordance with the capital reduction or split ratio so that the value of the shares that the Investor will be entitled to upon the conversion prior to the effective date of such spin-off, split-off or capital decrease is maintained even after such spin-off, split-off or capital decrease, and if the conversion price needs to be adjusted due to a merger, the conversion price shall be adjusted to the lower of the conversion price and the merger price. The effective date of the adjustment of the conversion price pursuant to this subparagraph shall be the base date of the merger, spin-off, split-off, capital decrease, stock split or stock consolidation.
(4)    Notwithstanding anything to the contrary contained herein, the conversion price of the CBs shall not be adjusted if the Issuer increases the share capital for consideration at an issue price of KRW 100,000 per share, after the issuance of the CBs, and prior to or after the request for conversion of the CBs.  
(5)    If the Issuer is newly listed on the KOSPI or KOSDAQ exchange and 70% of the IPO price per share is lower than the immediately preceding conversion price of the CBs, then the conversion price shall be adjusted to a price 30% discounted from the IPO price per share to the extent permissible under applicable laws and regulations. 
(6)    As long as the Issuer is listed on the KOSPI or KOSDAQ exchange, the conversion price shall be adjusted every three (3) months after the issuance of the CBs until the expiration of the period during which the conversion of the CBs may be requested. If the higher of (i) the average of the weighted arithmetic mean of the one (1) month, one (1) week and one (1) calendar day period immediately preceding the day before the date of conversion price adjustment and (ii) the weighted arithmetic mean of the stock price of the immediately preceding day (two (2) days before the date of conversion price adjustment) (the higher of (i) and (ii), the “Base Share Price”) is lower than the conversion price at the time, the conversion price shall be adjusted downward to the Base Share Price; provided, that the adjustment of the conversion price under this subparagraph shall be higher than 70% of the initial conversion price at the time of the Issuer’s IPO (If the conversion price has already been adjusted under subparagraphs (1) through (4) before the date of the adjustment, the initial conversion price shall mean the conversion price calculated taking this into account). 
(7)    Any amount less than KRW 1 arising from adjustment pursuant to this item shall be rounded down.

4    Initial dividends and interests on shares issued upon conversion: Any dividends on profits of the shares issued upon conversion shall be distributed on the basis that the conversion took effect at the end of the fiscal year immediately preceding the year in which the conversion request is filed 

and the conversion shall not affect any interest previously accrued until such date the conversion request is filed.
5     Reservation of unissued authorized shares:  Until the expiration of the period during which the conversion of the CBs may be requested, the Issuer shall reserve and keep available out of its authorized and unissued shares such number of shares to be issued upon conversion of the CBs. 
6    Notwithstanding the other provisions of this Agreement, the shares to be issued upon exercise of the conversion right of the CBs shall be limited to five percent (5%) of the total number of the outstanding shares of the Issuer, and the Investor may exercise its conversion right only in compliance with the foregoing limit. 
7    Registration of capital increase by request for conversion: The Issuer shall register capital increase as provided by the Korean Commercial Act within two (2) weeks from the last date of the month in which the conversion request is filed.
8    Miscellaneous Issuance of the CBs, request for conversion and any matters relating to conversion shall be in accordance with Articles 513 to 516 of the Korean Commercial Act and the general commercial practices. 
Article 4 Acceleration Event of the CBs 
1    In the event that any of the following events takes place with respect to the Issuer, the Bondholder may accelerate the CBs by notifying the Issuer of the occurrence of an acceleration event, in which case the CBs shall become redeemable on the day when the Bondholder’s notice arrives at the Issuer. 
1.    If an event of acceleration occurs under the Loan Agreement;
2.    If the Issuer is in default of its obligation to pay any amount due (including, but not limited to the principal or interest) in accordance with the CBs and fails to pay the defaulted amount in full within five (5) business days thereafter; provided, that the Bondholder may accelerate the CBs immediately if the Issuer is in default of its obligation to pay the principal and interest of the CB at the Maturity;  
3.    If the Issuer's representations and warranties set out in Article 6 above are subsequently found to be materially false or inaccurate (for the avoidance of doubt, the term “subsequently found” means any fact that both the Issuer and the Investor are not aware of as of the execution date of this Agreement and the issue date of the CBs, that is later known to the Investor);
4.    If the Issuer is in breach of its obligations under this Agreement and fails to remedy such breach within twenty (20) business days even after receipt of a request for such remedy from the Investor; 
5.    If dissolution, liquidation, bankruptcy, rehabilitation or any similar proceeding (including workout) are commenced against the Issuer;

2    On the acceleration date, the Issuer shall pay to the Bondholder the amount calculated according to the following formula (for the avoidance of doubt, any default interest payable under Article 2(3)(ii) shall be paid separately from the amount calculated according to such formula). 

			
	A + B – C + D

A: Principal amount of CBs that have not been converted on or before the acceleration date
B: Interest on A, calculated by applying the coupon rate to A for a period from (and including) the issue date to (but excluding) the acceleration date
C: Sum of all interest accrued on A, calculated at the coupon rate and already paid to the Bondholder
D: The sum of “A multiplied by [the difference between interest at YTM and interest at coupon rate] at annually compounded YTM for the period from (and including) each Interest Payment Date to (but excluding) the acceleration date” for each Interest Payment Date from (and including) the issue date to (but excluding) the acceleration date

* As used herein, Interest Payment Date means each interest payment date set forth in the Appendix attached hereto, and even if a payment date of any interest is automatically extended pursuant to Article 12(1), such extended payment date shall not be deemed an Interest Payment Date.

3    Notwithstanding the provisions of Paragraphs (1) and (2) of this Article, the Bondholder may not receive the amount set out in Paragraph (2) of this Agreement unless expressly permitted under the Loan Agreement in accordance with Article 12 of this Agreement and if the Facility Agent consents in accordance with the instructions of all the Lenders. 
Article 5 Conditions Precedent to Investment 
Performance and effectiveness of this Agreement shall be conditioned on the fulfillment of each of the following conditions as of the payment date of the Subscription Price of the CBs.
1.    The Issuer shall have performed its material obligations under this Agreement in all material respects;
2.    The Issuer's material representations and warranties set out in this Agreement shall be true and accurate in all material respects; 
3.    There is no litigation or other proceedings (including administrative procedures, audits, etc.) pending to prevent performance of this Agreement, by prohibiting or restricting issuance of the CBs scheduled to be subscribed by the Investor in accordance with this Agreement;
4.    All procedures required by relevant laws, the articles of incorporation and internal regulations of the Issuer with respect to the signing and execution of the contracts relating to the transaction is complete.

Article 6. Representations and Warranties
1    As of the execution date of this Agreement and as of the issue date of the CBs, the Issuer represents and warrants to the Investor that the following matters are true and accurate in all material respects; provided, however, the representations and warranties as of a specific date are true as of the specific date.
1.    The Issuer is a corporation duly established and validly existing;

2.    The Issuer has all requisite power and qualifications to execute this Agreement and perform its obligations hereunder;

3.    The execution and performance of this Agreement by the Issuer have been duly approved by its board of directors or its general meeting of shareholders and thus do not require separate authorization; This Agreement is duly executed by the Issuer and thus is binding on the Issuer, enforceable against the Issuer in accordance with its terms;

4.    The execution and performance of this Agreement by the Issuer do not violate its articles of incorporation and internal regulations, the relevant laws applicable to the Issuer, or any agreement to which the Issuer is a party;

5.    The execution of this Agreement and performance of the obligations under this Agreement by the Issuer do not require the government approval; 

6.    As of the execution date of this Agreement, there is no pending lawsuit, administrative proceeding, or arbitration with respect to the Issuer or its assets, which may have a material adverse effect   on the management or financial situation of the Issuer, and to the knowledge of the Issuer, there is no event that may have a material adverse effect on the Issuer or its business due to such lawsuit, non-payment of tax or fees.

7.    To the knowledge of the Issuer, the recent financial statements (including income statement and the financial statement) of the Issuer have been prepared in accordance with the laws of Korea, generally accepted accounting standards, and other accounting principles generally accepted in Korea and accurately reflect the financial position of the Issuer for the relevant period.  

8.    As of the execution date of this Agreement, the total number of authorized shares of the Issuer is 100,000,000 shares, and the total number of issued and outstanding shares are 6,629,566 registered common shares (par value per share: KRW 5,000), and all such shares were issued at prices equal to or higher than the initial conversion price prescribed under this Agreement. All issued and outstanding shares have been (i) lawfully approved and validly issued and (ii) fully paid. 

2    As of the execution date of this Agreement and as of the issue date of the CBs, the Investor represents and warrants to the Issuer as follows:
1.    The Investor is a corporation duly established and validly existing;

2.    The Investor has all requisite power and qualifications to execute this Agreement and perform its obligations hereunder;
3.    The execution and performance of this Agreement by the Investor do not violate its articles of incorporation and internal regulations, the relevant laws applicable to the Investor, or any agreement to which the Investor is a party; and

4.    The execution of this Agreement and performance of the obligations under this Agreement by the Investor do not require the government approval or a third party's consent or approval.
Article 7 Obligations Prior to the Closing
The Issuer shall implement all the procedures necessary for issue of the CBs (including amendment of its articles of incorporation and internal rules, and adoption of resolutions at the general meeting of shareholders and at the board of directors, etc.).
Article 8 Provision of Security
The Issuer shall, no later than within one (1) month from the respective issue date of the CBs, sign the amendment of the monetary receivables trust agreement that is necessary to designate the Investor as a class 3 beneficiary (with secured amount up to 130% of KRW 221.6 billion, which is the expected amount to be paid to the Investor if the Investor holds the CBs until the Maturity) under the monetary receivables trust agreement in order to secure performance of any and all obligations by the Issuer in favor of the Investor under this Agreement and shall provide the Investor with class 3 beneficiary right. If some of the CBs are redeemed due to prepayment, early repayment or any such redemption measures, the ceiling amount of the class 3 beneficiary rights under the monetary receivable trust agreement shall be reduced by 130% of the expected amount to be paid to the Investor if the Investor holds the CBs until the Maturity, and the Investor shall make its best efforts to cooperate with such reduction.

Article 9 Closing
1    The Investor shall pay the full amount of the subscription price (the “Investment Amount”) to the bank account designated by the Issuer, on the payment date, subject to the satisfaction of the conditions precedent set forth in Article 5. When the full amount of the subscription price with respect to the respective CBs is paid to the above account, the transaction shall be deemed to close and this date shall be referred to as a Closing Date in this Agreement.
2    The Issuer shall, on each Closing Date, as applicable, issue and deliver to the Investor the CB certificates for the respective CBs for the paid amount, provided that the transaction pursuant to Paragraph (1) of this Article is consummated. However, until issuance and delivery of the CB certificates, the CB certificates may be replaced with the CB Payment Certificates or the Confirmation of Non-Issuance of CB Certificates. 
3    Within two (2) weeks of each Closing Date, the Issuer shall complete all procedures related to the respective CBs, as applicable, including commercial registration, and deliver to the Investor a certified copy of the corporate register, a copy of the bond register, and other materials requested by the Investor that make issuance and subscription of the CBs under this Agreement legitimate and valid. 
Article 10   Matters Regarding CB Certificates
1    The Issuer shall issue and deliver to the Investor the CB certificates in physical form in exchange for the subscription price to be paid by the Investor.   
2    The following particulars shall be indicated on the CB certificates issued in accordance with the preceding provision:
1.    Indication of the CB certificates
2.    Terms and conditions of issuance of the CBs
Article 11 Modification of the Agreement 
1    The terms of this Agreement may only be modified by written agreement of all Parties.
2    Any act by the Investor shall not be deemed as a waiver of any of its rights under this Agreement unless the Investor has made a clear written declaration of such waiver or otherwise provided for in this Agreement.
Article 12 Investor’s Junior Covenants 
1    Notwithstanding any other provision of this Agreement, the Investor may not be paid any amount (including but not limited to fee, default interest, interest, principal, and the YTM) ("Junior CB Amount") from the Issuer until the Issuer shall have repaid any and all liabilities borne by the Issuer to the Lenders under the Loan Agreement (the “Loan Receivables”) unless expressly permitted under the Loan Agreement and the Facility Agent consents thereto in accordance with instructions of all the Lenders, and accordingly, the payment date of the Junior CB Amount shall be automatically postponed to a date when the Loan Receivables are paid in full. 
2    The Investor may not engage in any of the following activities until the Loan Receivables are repaid in full, unless expressly permitted under the Loan Agreement or the Facility Agent provides a prior written consent thereto in accordance with instructions of majority Lenders under the Loan Agreement: 
1.    An act of requesting provision of security from the Issuer other than the security provided pursuant to Article 8;
2.    An act of disposing of or collecting the property of the Issuer in order to receive money payable with respect to the CBs;
3.    An act of setting off any and all claims of the Issuer against the Investor or asserting other rights to the Issuer in order to receive money payable with respect to the CBs; 

4.    An act of enforcing security provided by the Issuer in order to receive money with respect to the CBs; 
5.    An act of requesting early repayment of the CBs or accelerating payment of the CBs; 
6.    An act of transferring the CBs to a third party or altering the terms of the CBs without the prior written consent of the Issuer; or
7.    An act of applying for commencement of bankruptcy, rehabilitation or other similar proceedings against the Issuer or otherwise infringing any of the Lenders’ rights or interests as creditors.

3    Except as expressly permitted under the Loan Agreement, if the Investor has received all or part of the Junior CB Amount for any reason prior to repayment of the Loan Receivables in full, the Investor shall immediately pay the received amount to the Facility Agent, and the Facility Agent shall apply such amount to repayment of the principal and the interest of the loan in accordance with the Loan Agreement. The Investor may not request reimbursement thereof against the Issuer until the Loan Receivables are paid in full. 
4    The Investor agrees to faithfully perform its obligations set forth in the Covenant Letter. 
Article 13 Assignment and Succession of Rights and Obligations
1    The Issuer may not assign any of its rights and obligations under this Agreement to any third party without the prior written consent of the Investor.
2    Except for the shares of the Investor that are issued upon conversion after a public listing of the Issuer, the Investor may transfer any of its rights and obligations under this Agreement, including the CBs, to any third parties, with the prior written consent of the Issuer and the Facility Agent under the Loan Agreement. 
3    If the Investor intends to assign the CBs to a wholly-owned SPC established by the Investor, the Issuer shall not refuse or withhold its prior written consent thereto absent reasonable reasons therefor; provided, however, if the Investor intends to assign its equity in the SPC or the SPC intends to assign the CBs, it shall obtain the prior written consent of the Issuer and the Facility Agent under the Loan Agreement.
Article 14    Notices 
1    Notices and documents to the Issuer under this Agreement shall be sent by personal delivery, facsimile, registered mail or email to the following address: If the address is changed, the relevant Party shall notify the other Party thereof without delay, and thereafter, the other Party shall be deemed to have given notices and documents, if they are addressed to the changed address.
If to the Issuer:
    Person in charge: Sangkyun Park
Address: 2955 Unseo-dong, Jung-gu, Incheon
Tel. No.: 032-717-0208
Fax No.: 032-717-0299
E-mail: sangkyun.park@inspireer.com
2    Notices and documents to the Investor under this Agreement shall be sent by personal delivery, facsimile, registered mail or email to the following address: If the address is changed, the relevant Party shall notify the other Party thereof without delay, and thereafter, the other Party shall be deemed to have given notices and documents, if they are addressed to the changed address.
If to the Investor:
    Person in charge: Manager Ha-hyeok Choi
Address: 15F, Hanwha Building, 86 Cheonggyecheon-ro, Jung-gu, Seoul 
Tel. No.: 02-729-8135
Fax No.: 0505-730-3312
E-mail: elpoan@hanwha.com

Article 15 Confidentiality 
Either Party shall keep confidential any information gathered in relation with this Agreement and shall not disclose it to a third party without the prior written consent of the other Party unless disclosure is required by law, government administrative order, or court ruling; provided, however, that either Party may disclose information relating to the Issuer to a reasonable extent to (i) their head office, branch offices, auditor, officers, employees, external auditor or any other person entitled to receipt of such information pursuant to laws and (ii) to any assignee, successor, potential assignee, or participant of the CBs under Article 13 or any adviser related thereto, on condition of confidentiality. 
Article 16 Governing Law and Dispute Resolution
1    This Agreement shall be governed by and construed in accordance with the laws of the Republic of Korea.
2    Any and all disputes arising from this Agreement shall be submitted to the jurisdiction of the Seoul Central District Court as the first instance court. 
Article 17 Tax
Taxes and public charges imposed on a Party to this Agreement shall be borne by such Party which is liable to pay such taxes, etc. under the laws. 
Article 18 Severability
Even if any of the provisions set forth in this Agreement or any of the documents prepared in connection therewith are held invalid, illegal or unenforceable in accordance with the laws, the validity, legality and enforceability of the remaining provisions set forth in this Agreement shall not be affected thereby.
Article 19    Miscellaneous 
1    This Agreement supersedes any prior negotiations and agreements (including the Covenant Letter), both written and oral, between the parties with respect to the subject matter hereof. 
2    This Agreement shall take effect upon the signing and sealing of the Investor and the Issuer. 
3    This Agreement shall be executed in Korean, and in the event of any contradiction or conflict between the Korean version and the English version or any other translation thereof, the Korean version shall prevail.
[Signature pages follow]

IN WITNESSETH WHEREOF, the Investor and the Issuer have caused their representatives or agents to sign and affix their seals hereto and retain one (1) copy each. 

“Investor”
Hanwha Corporation
86, Cheonggyecheon-ro, Jung-gu, Seoul, Korea 
Representative Director: Seung-mo Kim (Seal)

        

Issuer
Inspire Integrated Resort Co., Ltd.
Address: 2955 Unseo-dong, Jung-gu, Incheon, Korea
Representative Director: Raymond Paul Pineault, Junior (seal) 

[Appendix] Interest Payment Dates 
												
	1st CB
	2nd CB

	2023-03-30	2028-03-30	n/a	2028-03-30
	2023-06-30	2028-06-30	2023-06-30	2028-06-30
	2023-09-30	2028-09-30	2023-09-30	2028-09-30
	2023-12-30	2028-12-30	2023-12-30	2028-12-30
	2024-03-30	2029-03-30	2024-03-30	2029-03-30
	2024-06-30	2029-06-30	2024-06-30	2029-06-30
	2024-09-30	2029-09-30	2024-09-30	2029-09-30
	2024-12-30	2029-12-30	2024-12-30	2029-12-30
	2025-03-30	2030-03-30	2025-03-30	2030-03-30
	2025-06-30	2030-06-30	2025-06-30	2030-06-30
	2025-09-30	2030-09-30	2025-09-30	2030-09-30
	2025-12-30	2030-12-30	2025-12-30	2030-12-30
	2026-03-30	2031-03-30	2026-03-30	2031-03-30
	2026-06-30	2031-06-30	2026-06-30	2031-06-30
	2026-09-30	2031-09-30	2026-09-30	2031-09-30
	2026-12-30	2031-12-30	2026-12-30	2031-12-30
	2027-03-30	2032-03-30	2027-03-30	2032-03-30
	2027-06-30	2032-06-30	2027-06-30	2032-06-30
	2027-09-30	2032-09-30	2027-09-30	2032-09-30
	2027-12-30	2032-12-30	2027-12-30	2032-12-30EX-4.1

 Exhibit 4.1 

Execution Version 
 TO BE RECORDED AND WHEN

 RECORDED RETURN TO: 
 Hunton Andrews Kurth LLP 

550 South Hope Street, Suite 2000 
 Los Angeles, CA 90071 

Attention: Robert M. Johnson, Esq. 
  

 
 EIGHTEENTH SUPPLEMENTAL INDENTURE

 Dated as of January 6, 2023 

SUPPLEMENT TO INDENTURE OF MORTGAGE 

Dated as of June 19, 2020 
  

 
 PACIFIC GAS
AND ELECTRIC COMPANY 
 ISSUER (MORTGAGOR) 

AND 
 THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A. 
 TRUSTEE (MORTGAGEE) 
  

 

 TABLE OF CONTENTS 

 

					
	 ARTICLE I DEFINITIONS
	  	 	1	 
	 ARTICLE II ESTABLISHMENT OF 6.150% FIRST MORTGAGE BONDS DUE 2033
	  	 	3	 
	 ARTICLE III ESTABLISHMENT OF 6.750% FIRST MORTGAGE BONDS DUE 2053
	  	 	5	 
	 ARTICLE IV AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	7	 
	 ARTICLE V COVENANTS
	  	 	8	 
	 ARTICLE VI MISCELLANEOUS
	  	 	8	 

 EXHIBIT A FORM OF 6.150% FIRST MORTGAGE BOND DUE 2033 

EXHIBIT B FORM OF 6.750% FIRST MORTGAGE BOND DUE 2053 
 SCHEDULE 1
MORTGAGE INDENTURE RECORDING INFORMATION 

  
 i 

 EIGHTEENTH SUPPLEMENTAL INDENTURE, dated as of January 6, 2023 (this
“Eighteenth Supplemental Indenture”), by and between PACIFIC GAS AND ELECTRIC COMPANY, a California corporation (the “Company”), as Mortgagor, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a
national banking association, as Trustee under the Mortgage Indenture (as hereinafter defined) and Mortgagee (the “Trustee”). 

RECITALS OF THE COMPANY 

A. The Company and the Trustee are parties to that certain Indenture of Mortgage, dated as of June 19, 2020 (together with all indentures
supplemental thereto, the “Mortgage Indenture”), providing for the issuance by the Company of Bonds (as defined in the Mortgage Indenture) from time to time. 

B. Under the Mortgage Indenture, the Company is authorized to issue unlimited series of Bonds and establish one or more series of Bonds at any
time in accordance with the provisions of the Mortgage Indenture, and the terms of such series of Bonds may be described by a supplemental indenture executed by the Company and the Trustee. 

C. Pursuant to Section 3.01 of the Mortgage Indenture, the Company and the Trustee deem it advisable to enter into this Eighteenth
Supplemental Indenture for the purposes of establishing the terms of two series of Bonds. 
 D. The execution and delivery of this
Eighteenth Supplemental Indenture has been authorized by a Board Resolution (as defined in the Mortgage Indenture). 
 E. Concurrent with
the execution hereof, the Company has caused its counsel to deliver to the Trustee an Opinion of Counsel (as defined in the Mortgage Indenture) pursuant to Section 14.03 of the Mortgage Indenture. 

F. The Company has done all things necessary to make this Eighteenth Supplemental Indenture a valid agreement of the Company in accordance
with its terms. 
 NOW, THEREFORE, the Company and the Trustee agree, for the benefit of each other and the equal and proportionate benefit
of all Holders of the Bonds of the series established hereby, as follows: 
 ARTICLE I 

DEFINITIONS 
 Unless
the context otherwise requires, capitalized terms used but not defined herein have the meaning set forth in the Mortgage Indenture. 
 The
words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Eighteenth Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. 

 The following additional definitions are hereby established for purposes of this Eighteenth
Supplemental Indenture and shall have the meanings set forth in this Eighteenth Supplemental Indenture only for purposes of this Eighteenth Supplemental Indenture: 

“2033 Bonds Par Call Date” means October 15, 2032. 

“2053 Bonds Par Call Date” means July 15, 2052. 

“DTC” means The Depository Trust Company. 

“Electronic Means” means the following communications methods: e-mail, facsimile
transmission, secure electronic transmission containing applicable authorization codes, passwords and/or authentication keys issued by the Trustee, or another method or system specified by the Trustee as available for use in connection with its
services hereunder. 
 “Instructions” has the meaning specified in Section 609 hereof. 

“Original Issue Date” means January 6, 2023. 

“Par Call Date” means (1) with respect to the 2033 Bonds, the 2033 Bonds Par Call Date and (2) with respect to the
2053 Bonds, the 2053 Bonds Par Call Date. 
 “Redemption Price” means (1) with respect to the 2033 Bonds, the price at
which the 2033 Bonds may be redeemed pursuant to Section 208(a) or Section 208(b) hereto, as applicable or (2) with respect to the 2053 Bonds, the price at which the 2053 Bonds may be redeemed pursuant to Section 308(a) or
Section 308(b) hereto, as applicable. 
 “Treasury Rate” means, with respect to any Redemption Date, the yield
determined by the Company in accordance with the following two paragraphs. 
 The Treasury Rate shall be determined by the Company after
4:15 p.m., New York City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the Redemption Date based upon the yield or
yields for the most recent day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily)—H.15” (or
any successor designation or publication) (“H.15”) under the caption “U.S. government securities–Treasury constant maturities—Nominal” (or any successor caption or heading) (“H.15 TCM”). In
determining the Treasury Rate, the Company shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the Redemption Date to the applicable Par Call Date of the 2033 Bonds and the 2053
Bonds (the “Remaining Life”); or (2) if there is no such Treasury constant maturity on H.15 exactly equal to the Remaining Life, the two yields—one yield corresponding to the Treasury constant maturity on H.15 immediately
shorter than and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the Remaining Life—and shall interpolate to the applicable Par Call Date for the 2033 Bonds and the 2053 Bonds on a straight-line basis
(using the actual number of days) using such yields and rounding the result to three decimal places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury
constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as
applicable, of such Treasury constant maturity from the Redemption Date. 

  
 2 

 If on the third Business Day preceding the Redemption Date H.15 TCM is no longer published,
the Company shall calculate the Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such Redemption Date of the United States
Treasury security maturing on, or with a maturity that is closest to, the applicable Par Call Date for the 2033 Bonds and the 2053 Bonds. If there is no United States Treasury security maturing on the applicable Par Call Date for the 2033 Bonds and
the 2053 Bonds but there are two or more United States Treasury securities with a maturity date equally distant from the applicable Par Call Date for the 2033 Bonds and the 2053 Bonds, one with a maturity date preceding such Par Call Date and one
with a maturity date following such Par Call Date, the Company shall select the United States Treasury security with a maturity date preceding such Par Call Date. If there are two or more United States Treasury securities maturing on the applicable
Par Call Date for the 2033 Bonds and the 2053 Bonds or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Company shall select from among these two or more United States Treasury securities the United
States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In determining the Treasury Rate in accordance with the terms of
this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal amount) at 11:00 a.m., New York City time, of
such United States Treasury security, and rounded to three decimal places. 
 ARTICLE II 

ESTABLISHMENT OF 6.150% FIRST MORTGAGE BONDS DUE 2033 

SECTION 201 Establishment and Designation of the 2033 Bonds. 

Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a forty-ninth
series of Bonds designated as the “6.150% First Mortgage Bonds due 2033” (“2033 Bonds”). The 2033 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V
of the Mortgage Indenture, and any additional Bonds issued and comprising 2033 Bonds shall have identical terms as the 2033 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ. 

SECTION 202 Form of 2033 Bonds. 
 The
2033 Bonds shall be issued in the form of one or more Global Bonds in substantially the form set forth in Exhibit A. 

  
 3 

 SECTION 203 Principal Amount. 

The 2033 Bonds shall be issued in an initial aggregate principal amount of $750,000,000. 

SECTION 204 Interest Rate; Stated Maturity; Minimum Denominations. 

The 2033 Bonds shall bear interest at the rate of 6.150% per annum and shall have a Stated Maturity of January 15, 2033. 

The 2033 Bonds are issuable in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. 

SECTION 205 No Sinking Fund. 
 No sinking
fund is provided for any of the 2033 Bonds. 
 SECTION 206 Paying Agent and Bond Registrar. 

The Trustee is hereby appointed as initial Paying Agent and initial Bond Registrar for the 2033 Bonds. The Place of Payment of the 2033 Bonds
shall be the Corporate Trust Office of the Trustee. 
 SECTION 207 Global Securities; Appointment of Depositary for Global Securities. 

The 2033 Bonds shall be issued in the form of one or more permanent Global Bonds as provided in Section 3.14 of the Mortgage Indenture
and deposited with, or on behalf of, the Depositary, or with the Trustee, as custodian for the Depositary, duly executed by the Company and authenticated by the Trustee. The Company hereby initially appoints DTC to act as the Depositary with respect
to all 2033 Bonds, and the 2033 Bonds shall initially be registered in the name of Cede & Co., as the nominee of DTC. 
 The
Company and DTC have executed a Blanket Letter of Representations, and the Trustee is hereby authorized, in connection with any successor nominee for DTC or any successor Depositary, to enter into appropriate or comparable arrangements, if
necessary, and shall have the same rights with respect to its actions thereunder as it has with respect to its actions under the Mortgage Indenture. 

None of the Company, the Trustee, any Paying Agent or any Bond Registrar will have any responsibility or liability for any aspect of
Depositary records relating to, or payments made on account of, beneficial ownership interests in a Global Bond or for maintaining, supervising or reviewing any Depositary records relating to such beneficial ownership interests, or for transfers of
beneficial interests in the 2033 Bonds or any transactions between the Depositary and beneficial owners. 

  
 4 

 SECTION 208 Optional Redemption. 

(a) Subject to the terms and conditions of the Mortgage Indenture, prior to the 2033 Bonds Par Call Date, the Company may
redeem the 2033 Bonds at its option, in whole or in part, at any time and from time to time, at a Redemption Price (expressed as a percentage of the principal amount and rounded to three decimal places) equal to the greater of: (1)(a) the sum of the
present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the 2033 Bonds matured on the 2033 Bonds Par Call Date) on a semi-annual basis (assuming
a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 40 basis points, less (b) interest accrued to the Redemption Date;
and (2) 100% of the principal amount of the 2033 Bonds to be redeemed, plus, in either case, accrued and unpaid interest thereon to the Redemption Date. 

(b) Subject to the terms and conditions of the Mortgage Indenture, on or after the 2033 Bonds Par Call Date, the Company may
redeem the 2033 Bonds, in whole or in part, at any time and from time to time, at a Redemption Price equal to 100% of the principal amount of the 2033 Bonds being redeemed plus accrued and unpaid interest thereon to the Redemption Date. 

(c) The Redemption Price shall be calculated assuming a 360-day year consisting of
twelve 30-day months. 
 (d) The Company shall calculate the Redemption Price for the
redemption of any 2033 Bonds pursuant to this Section 208, and notify the Trustee and, on or before the applicable Redemption Date, deposit with the Trustee or Paying Agent sufficient funds to pay the applicable Redemption Price for the 2033
Bonds to be redeemed on such Redemption Date. 
 (e) Notice of any redemption pursuant to this Section 208 shall be
given (i) to Holders of the 2033 Bonds in the manner set forth in Section 6.04 of the Mortgage Indenture and by e-mail to the Depositary and (ii) to the Trustee in accordance with
Section 6.02 of the Mortgage Indenture. 
 SECTION 209 Other Terms of the 2033 Bonds. 

The other terms of the 2033 Bonds shall be as expressly set forth herein and in Exhibit A. 

ARTICLE III 

ESTABLISHMENT OF 6.750% FIRST MORTGAGE BONDS DUE 2053 

SECTION 301 Establishment and Designation of the 2053 Bonds. 

Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a fiftieth series
of Bonds designated as the “6.750% First Mortgage Bonds due 2053” (“2053 Bonds”). The 2053 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V of the
Mortgage Indenture, and any additional Bonds issued and comprising 2053 Bonds shall have identical terms as the 2053 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ. 

  
 5 

 SECTION 302 Form of 2053 Bonds. 

The 2053 Bonds shall be issued in the form of one or more Global Bonds in substantially the form set forth in Exhibit B. 

SECTION 303 Principal Amount. 
 The 2053
Bonds shall be issued in an initial aggregate principal amount of $750,000,000. 
 SECTION 304 Interest Rate; Stated Maturity; Minimum Denominations.

 The 2053 Bonds shall bear interest at the rate of 6.750% per annum and shall have a Stated Maturity of January 15, 2053. 

The 2053 Bonds are issuable in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. 

SECTION 305 No Sinking Fund. 
 No sinking
fund is provided for any of the 2053 Bonds. 
 SECTION 306 Paying Agent and Bond Registrar. 

The Trustee is hereby appointed as initial Paying Agent and initial Bond Registrar for the 2053 Bonds. The Place of Payment of the 2053 Bonds
shall be the Corporate Trust Office of the Trustee. 
 SECTION 307 Global Securities; Appointment of Depositary for Global Securities. 

The 2053 Bonds shall be issued in the form of one or more permanent Global Bonds as provided in Section 3.14 of the Mortgage Indenture
and deposited with, or on behalf of, the Depositary, or with the Trustee, as custodian for the Depositary, duly executed by the Company and authenticated by the Trustee. The Company hereby initially appoints DTC to act as the Depositary with respect
to all 2053 Bonds, and the 2053 Bonds shall initially be registered in the name of Cede & Co., as the nominee of DTC. 
 The
Company and DTC have executed a Blanket Letter of Representations, and the Trustee is hereby authorized, in connection with any successor nominee for DTC or any successor Depositary, to enter into appropriate or comparable arrangements, if
necessary, and shall have the same rights with respect to its actions thereunder as it has with respect to its actions under the Mortgage Indenture. 

None of the Company, the Trustee, any Paying Agent or any Bond Registrar will have any responsibility or liability for any aspect of
Depositary records relating to, or payments made on account of, beneficial ownership interests in a Global Bond or for maintaining, supervising or reviewing any Depositary records relating to such beneficial ownership interests, or for transfers of
beneficial interests in the 2053 Bonds or any transactions between the Depositary and beneficial owners. 

  
 6 

 SECTION 308 Optional Redemption. 

(a) Subject to the terms and conditions of the Mortgage Indenture, prior to the 2053 Bonds Par Call Date, the Company may
redeem the 2053 Bonds at its option, in whole or in part, at any time and from time to time, at a Redemption Price (expressed as a percentage of the principal amount and rounded to three decimal places) equal to the greater of: (1)(a) the sum of the
present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the 2053 Bonds matured on the 2053 Bonds Par Call Date) on a semi-annual basis (assuming
a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 45 basis points, less (b) interest accrued to the Redemption Date;
and (2) 100% of the principal amount of the 2053 Bonds to be redeemed, plus, in either case, accrued and unpaid interest thereon to the Redemption Date. 

(b) Subject to the terms and conditions of the Mortgage Indenture, on or after the 2053 Bonds Par Call Date, the Company may
redeem the 2053 Bonds, in whole or in part, at any time and from time to time, at a Redemption Price equal to 100% of the principal amount of the 2053 Bonds being redeemed plus accrued and unpaid interest thereon to the Redemption Date. 

(c) The Redemption Price shall be calculated assuming a 360-day year consisting of
twelve 30-day months. 
 (d) The Company shall calculate the Redemption Price for the
redemption of any 2053 Bonds pursuant to this Section 308, and notify the Trustee and, on or before the applicable Redemption Date, deposit with the Trustee or Paying Agent sufficient funds to pay the applicable Redemption Price for the 2053
Bonds to be redeemed on such Redemption Date. 
 (e) Notice of any redemption pursuant to this Section 308 shall be
given (i) to Holders of the 2053 Bonds in the manner set forth in Section 6.04 of the Mortgage Indenture and by e-mail to the Depositary and (ii) to the Trustee in accordance with
Section 6.02 of the Mortgage Indenture. 
 SECTION 309 Other Terms of the 2053 Bonds. 

The other terms of the 2053 Bonds shall be as expressly set forth herein and in Exhibit B. 

ARTICLE IV 

AMENDMENT, SUPPLEMENT AND WAIVER 

The Trustee and the Company may not modify, amend or supplement this Eighteenth Supplemental Indenture except as set forth in Article XIV of
the Mortgage Indenture as if (a) references in Article XIV to “this Indenture” and “hereto” are deemed to include the Eighteenth Supplemental Indenture, and (b) references to the Bonds of any series “Outstanding
under this Indenture” (or similar expressions and phrases) are deemed to refer only to the Bonds of each series established hereby and no other Bonds. 

  
 7 

 ARTICLE V 

COVENANTS 
 Each of
the agreements and covenants of the Company contained in Article VII of the Mortgage Indenture shall apply to the Bonds of each series established hereby as of the Original Issue Date. 

ARTICLE VI 

MISCELLANEOUS 
 SECTION 601
Concerning the Trustee. 
 The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or
sufficiency of this Eighteenth Supplemental Indenture 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. Except as
herein otherwise provided, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Eighteenth Supplemental Indenture other than as set forth in the Mortgage Indenture; and this
Eighteenth Supplemental Indenture is executed and accepted on behalf of the Trustee, subject to all the terms and conditions set forth in the Mortgage Indenture, as fully to all intents as if the same were herein set forth at length. 

SECTION 602 Application of Eighteenth Supplemental Indenture. 

Except as provided herein, each and every term and condition contained in this Eighteenth Supplemental Indenture that modifies, amends or
supplements the terms and conditions of the Mortgage Indenture shall apply only to the Bonds of each series established hereby and not to any other series of Bonds established under the Mortgage Indenture. Except as specifically amended and
supplemented by, or to the extent inconsistent with, this Eighteenth Supplemental Indenture, the Mortgage Indenture shall remain in full force and effect and is hereby ratified and confirmed. 

SECTION 603 Headings. 
 The headings of
the several Articles of this Eighteenth Supplemental Indenture are inserted for convenience of reference, and shall not be deemed to be any part hereof. 

SECTION 604 Effective Date. 
 This
Eighteenth Supplemental Indenture shall be effective upon the execution and delivery hereof by each of the parties hereto. 

  
 8 

 SECTION 605 Counterparts. 

This Eighteenth Supplemental Indenture may be executed in any number of counterparts, and each of such counterparts shall together constitute
but one and the same instrument. Delivery of an executed Eighteenth Supplemental Indenture by one party to the other may be made by facsimile, electronic mail (including any electronic signature complying with the New York Electronic Signatures and
Records Act (N.Y. State Tech. §§ 301-309), as amended from time to time, or other applicable law) or other transmission method, and the parties hereto agree that any counterpart so delivered shall be
deemed to have been duly and validly delivered and be valid and effective for all purposes. 
 SECTION 606 Governing Law. 

The laws of the State of New York shall govern this Eighteenth Supplemental Indenture, the 2033 Bonds and the 2053 Bonds, without giving
effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby. 

SECTION 607 Severability. 
 In case any
provision in this Eighteenth Supplemental Indenture, the 2033 Bonds and the 2053 Bonds shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired
thereby. 
 SECTION 608 Incorporation by Reference. 

The terms of Schedule 1 attached hereto are incorporated herein and made a part hereof by this reference. 

SECTION 609 Electronic Communication. 
 With respect to
the 2033 Bonds and the 2053 Bonds under this Eighteenth Supplemental Indenture, the Trustee shall have the right to accept and act upon instructions (“Instructions”), given pursuant to this Eighteenth Supplemental Indenture and
delivered using Electronic Means; provided, however, that the Company shall provide to the Trustee an incumbency certificate listing Authorized Officers and containing specimen signatures of such Authorized Officers, which incumbency certificate
shall be amended by the Company whenever a person is to be added or deleted from the listing. If the Company elects to give the Trustee Instructions using Electronic Means and the Trustee in its discretion elects to act upon such Instructions, the
Trustee’s understanding of such Instructions shall be deemed controlling. The Company understands and agrees that the Trustee cannot determine the identity of the actual sender of such Instructions and that the Trustee shall conclusively
presume that directions that purport to have been sent by an Authorized Officer listed on the incumbency certificate provided to the Trustee have been sent by such Authorized Officer. The Company shall be responsible for ensuring that only
Authorized Officers transmit such Instructions to the Trustee and that the Company and all Authorized Officers are solely responsible to safeguard the use and confidentiality of applicable user and authorization codes, passwords and/or
authentication keys upon receipt thereof by the Company. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such Instructions notwithstanding
such directions conflict or are inconsistent with a subsequent written instruction. The Company agrees: (i) to assume all risks arising out of the use of Electronic Means to submit Instructions to the Trustee including without limitation the
risk of the Trustee acting on unauthorized Instructions, and the risk of interception and misuse by third parties; (ii) that it is fully informed of the protections and risks associated with the various methods of transmitting Instructions to
the Trustee and that there 

  
 9 

 
may be more secure methods of transmitting Instructions than the method(s) selected by the Company; (iii) that the security procedures (if any) to be followed in connection with its
transmission of Instructions provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances; and (iv) to notify the Trustee immediately upon learning of any compromise or unauthorized use of the
security procedures. 

  
 10 

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

			
	 PACIFIC GAS AND ELECTRIC COMPANY,

as Issuer (Mortgagor)

		
	By:	 	/s/ Margaret K. Becker
	Name:	 	Margaret K. Becker
	Title:	 	Vice President and Treasurer

  

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

as Trustee (Mortgagee)

		
	By:	 	/s/ Mary Jo Wagener
	Name:	 	Mary Jo Wagener
	Title:	 	Vice President

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

  

			
	STATE OF CALIFORNIA	  	}
		  	}
	COUNTY OF SAN FRANCISCO	  	}

  
 On January 3, 2023, before me, Jolie F. Ocampo, a
notary public, personally appeared Margaret K. Becker, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her authorized
capacity, and that by her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. 
 I certify
under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. 
 WITNESS my hand and official seal.

  

	
	
	/s/ Jolie F. Ocampo
	Signature

 (Seal) 

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

			
	STATE OF TEXAS	  	}
		  	}
	COUNTY OF HARRIS	  	}

 On January 4, 2023, before me, April Michelle Bradley, a notary public, personally appeared Mary Jo Wagener, a Vice
President of The Bank of New York Mellon Trust Company, N.A. and who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her
authorized capacity, and that by her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. 

WITNESS my hand and official seal. 
  

	
	
	/s/ April Michelle Bradley
	Signature

 (Seal) 

 EXHIBIT A 

[FORM OF 6.150% FIRST MORTGAGE BOND DUE 2033] 

[FORM OF FACE OF BOND] 
 THIS BOND
IS A GLOBAL BOND WITHIN THE MEANING OF THE MORTGAGE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS DEFINED IN THE MORTGAGE INDENTURE) OR A NOMINEE THEREOF. THIS GLOBAL BOND IS EXCHANGEABLE FOR BONDS REGISTERED IN
THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR ITS NOMINEE ONLY IN LIMITED CIRCUMSTANCES DESCRIBED IN THE MORTGAGE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR BONDS IN CERTIFICATED FORM, THIS GLOBAL BOND MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE
OF SUCH SUCCESSOR DEPOSITARY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW
YORK CORPORATION (“DTC”), TO THE COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY BOND ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THE FOLLOWING SUMMARY OF TERMS IS SUBJECT
TO THE INFORMATION SET FORTH ON THE REVERSE HEREOF: 
  

					
	 PRINCIPAL AMOUNT:
 $750,000,000
	  	 ORIGINAL ISSUE DATE:
 January 6,
2023
	  	 INTEREST RATE:
 6.150% per annum

			
	 MATURITY DATE:
 January 15, 2033
	  	 INTEREST PAYMENT DATES:
 January 15 and
July 15 of each year, commencing July 15, 2023
	  	 THIS BOND IS A:
 [X] Global Book-Entry Bond

[    ] Certificated Bond

 REGISTERED OWNER: Cede & Co., as nominee of The 

Depository Trust Company 

  
 A-1 

 PACIFIC GAS AND ELECTRIC COMPANY 

6.150% FIRST MORTGAGE BOND DUE 2033 

(Fixed Rate) 
  

			
	No. [•]	  	Principal Amount: $[•]
	CUSIP [•]	  	

 PACIFIC GAS AND ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State of
California (herein called the “Company,” which term includes any successor Person pursuant to the applicable provisions of the Mortgage Indenture hereinafter referred to), for value received, hereby promises to pay to
Cede & Co., as nominee for The Depository Trust Company, or registered assigns, the Principal Amount stated above on the Maturity Date stated above, and to pay interest thereon from and including the Original Issue Date stated above or, in
the case of a 6.150% First Mortgage Bond Due 2033 issued upon the registration of transfer or exchange, from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on the
Interest Payment Dates set forth above and on the Maturity Date stated above at the rate of 6.150% per annum until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in such Mortgage Indenture, be paid to the Person in whose name this 6.150% First Mortgage Bond Due 2033 (this “Bond”) (or one or more Predecessor Bonds) is registered at the close of business
on the Regular Record Date for such interest, which shall be January 1 or July 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date; provided, however, that interest payable at the Maturity Date
or on a Redemption Date will be paid to the Person to whom principal is payable. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the
Person in whose name this Bond (or one or more Predecessor Bonds) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, as set forth in Section 3.07 of the
Mortgage Indenture, notice whereof shall be given to Holders of Bonds of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of the Mortgage
Indenture and any securities exchange, if any, on which the Bonds of this series may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in said Mortgage Indenture. 

Payments of interest on this Bond will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for
this Bond shall be computed and paid on the basis of the 360-day year of twelve 30-day months. In the event that any date on which interest is payable on this Bond
(other than the Maturity Date) is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay) with the same
force and effect as if made on the date the payment was originally payable. If the Maturity Date falls on a day that is not a Business Day, the payment of principal, premium, if any, and interest may be made on the next succeeding Business Day, and
no interest on such payment shall accrue for the period from and after maturity. 

  
 A-2 

 Payment of principal of, premium, if any, and interest on the Bonds of this series shall be
made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if any, and interest on the Bonds of this series represented by a
Global Bond shall be made by wire transfer of immediately available funds to the Holder of such Global Bond, provided that, in the case of payments of principal and premium, if any, such Global Bond is first surrendered to the Paying Agent. If any
of the Bonds of this series are no longer represented by a Global Bond, (i) payments of principal, premium, if any, and interest due on the Maturity Date or on a Redemption Date of such Bonds shall be made at the office of the Paying Agent upon
surrender of such Bonds to the Paying Agent, and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, (A) by check mailed to the address of the Person entitled thereto as such
address shall appear in the Bond Register or (B) by wire transfer to registered Holders of at least $10,000,000 in principal amount of Bonds at such place and to such account at a banking institution in the United States as such Holders may
designate in writing to the Trustee at least sixteen (16) days prior to the date for payment. 
 REFERENCE IS HEREBY MADE TO THE
FURTHER PROVISIONS OF THIS BOND SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 

  
 A-3 

 Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual or electronic signature, this Bond shall not be entitled to any benefit under the Mortgage Indenture or be valid or obligatory for any purpose. 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated: 
  

			
	PACIFIC GAS AND ELECTRIC COMPANY
		
	By	 	 
		 	Name:
		 	Title:

  

			
		
	By	 	 
		 	Name:
		 	Title:

  
 A-4 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Bonds of the series designated as Bonds of the 6.150% First Mortgage Bonds due 2033 referred to in the within-mentioned
Mortgage Indenture. 
  

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

 Dated: 

  
 A-5 

 [FORM OF REVERSE OF 6.150% FIRST MORTGAGE BOND DUE 2033] 

This 6.150% First Mortgage Bond due 2033 is one of a duly authorized issue of Bonds of the Company (the “Bonds”), issued and
issuable in one or more series under and equally secured by an Indenture of Mortgage, dated as of June 19, 2020 (such Mortgage Indenture as originally executed and delivered and as supplemented or amended from time to time thereafter, together
with any constituent instruments establishing the terms of particular Bonds, being herein called the “Mortgage Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (herein called the
“Trustee”, which term includes any successor trustee under the Mortgage Indenture), and reference is hereby made to the Mortgage Indenture for a description of the property mortgaged, pledged and held in trust, the nature and extent
of the security and the respective rights, limitations of rights, duties and immunities of the Company, the Trustee and the Holders of Bonds thereunder and of the terms and conditions upon which Bonds are, and are to be, authenticated and delivered.
The acceptance of this Bond shall be deemed to constitute the consent and agreement by the Holder hereof to all of the terms and provisions of the Mortgage Indenture. 

The Company shall not be required to make any mandatory redemption or sinking fund payments with respect to the Bonds of this series. 

Subject to the terms and conditions of the Mortgage Indenture, prior to the Par Call Date, the Company may redeem the Bonds of this series at
its option (“Optional Redemption”), in whole or in part, at any time and from time to time, at a Redemption Price (expressed as a percentage of the principal amount and rounded to three decimal places) equal to the greater of:
(1)(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Bonds of this series matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 40 basis points, less (b) interest accrued to the Redemption Date; and
(2) 100% of the principal amount of the Bonds of this series to be redeemed, plus, in either case, accrued and unpaid interest thereon to the Redemption Date. 

Subject to the terms and conditions of the Mortgage Indenture, on or after the Par Call Date, the Company may redeem the Bonds of this series,
in whole or in part, at any time and from time to time, at a Redemption Price equal to 100% of the principal amount of the Bonds of this series being redeemed plus accrued and unpaid interest thereon to the Redemption Date. 

For purposes of determining the Redemption Price, the following terms have the following meanings: 

“Par Call Date” means October 15, 2032. 

“Treasury Rate” means, with respect to any Redemption Date, the yield determined by the Company in accordance with the
following two paragraphs. 

  
 A-6 

 The Treasury Rate shall be determined by the Company after 4:15 p.m., New York City time (or
after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the Redemption Date based upon the yield or yields for the most recent day that
appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily)—H.15” (or any successor designation or
publication) (“H.15”) under the caption “U.S. government securities–Treasury constant maturities—Nominal” (or any successor caption or heading) (“H.15 TCM”). In determining the Treasury Rate, the
Company shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the Redemption Date to the Par Call Date (the “Remaining Life”); or (2) if there is no such
Treasury constant maturity on H.15 exactly equal to the Remaining Life, the two yields—one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on
H.15 immediately longer than the Remaining Life—and shall interpolate to the Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal places; or (3) if there is no
such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant
maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable, of such Treasury constant maturity from the Redemption Date. 

If on the third Business Day preceding the Redemption Date H.15 TCM is no longer published, the Company shall calculate the Treasury Rate
based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such Redemption Date of the United States Treasury security maturing on, or with a maturity
that is closest to, the Par Call Date. If there is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury securities with a maturity date equally distant from the applicable Par Call Date,
one with a maturity date preceding the Par Call Date and one with a maturity date following the Par Call Date, the Company shall select the United States Treasury security with a maturity date preceding the Par Call Date. If there are two or more
United States Treasury securities maturing on the Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Company shall select from among these two or more United States Treasury securities
the United States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In determining the Treasury Rate in accordance with
the terms of this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal amount) at 11:00 a.m., New York City
time, of such United States Treasury security, and rounded to three decimal places. 
 Interest installments whose Stated Maturity is on or
prior to such Redemption Date will be payable to Holders of such Bonds of this series, or one or more Predecessor Bonds, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Mortgage
Indenture. 
 In the case of an Optional Redemption, notice of redemption will be sent not less than 10 days nor more than 60 days prior to
the Redemption Date to each Holder of Bonds of this series to be redeemed. If money sufficient to pay the Redemption Price of all Bonds of this series (or portions thereof) to be redeemed on the Redemption Date is deposited with the Paying Agent or
the Trustee on or prior to the Redemption Date, from and after such Redemption Date such Bonds of this series or portions thereof shall cease to bear interest. The Bonds of this series in denominations larger than $2,000 in principal amount may be
redeemed in part but only in integral multiples of $1,000. 

  
 A-7 

 In the case of a partial redemption, selection of the Bonds of this series for redemption
will be made pro rata, by lot or by such other method as the Trustee in its sole discretion deems appropriate and fair. No Bonds of this series of a principal amount of $2,000 or less will be redeemed in part. If any Bond of this series is to be
redeemed in part only, the notice of redemption that relates to the Bond of this series will state the portion of the principal amount of the Bond of this series to be redeemed. A new Bond of this series in a principal amount equal to the unredeemed
portion of the Bond of this series will be issued in the name of the Holder of the Bond of this series upon surrender for cancellation of the original Bond of this series. For so long as the Bonds of this series are held by DTC (or another
Depositary), the redemption of the Bonds of this series shall be done in accordance with the policies and procedures of the Depositary. 

As provided in the Mortgage Indenture and subject to certain limitations therein set forth, this Bond or any portion of the principal amount
hereof will be deemed to have been paid for all purposes of the Mortgage Indenture and to be no longer Outstanding thereunder, and the Company’s entire indebtedness in respect thereof will be satisfied and discharged, if there has been
irrevocably deposited with the Trustee or any Paying Agent (other than the Company), in trust, money in an amount which will be sufficient and/or Eligible Obligations, the principal of and interest on which when due, without regard to any
reinvestment thereof, will provide moneys which, together with money, if any, deposited with or held by the Trustee or such Paying Agent, will be sufficient to pay when due the principal of and premium, if any, and interest on this Bond when due.

 If an Event of Default shall occur and be continuing as provided in the Mortgage Indenture, the Trustee or the Holders of not less than
25% in aggregate principal amount of Bonds then Outstanding, considered as one class, may declare the principal amount of all Bonds then Outstanding to be due and payable immediately by notice in writing to the Company (and to the Trustee if given
by Holders); provided, however, that with respect to certain Events of Default relating to bankruptcy, insolvency and similar events, the principal amount of all Bonds then Outstanding shall be due and payable immediately without
further action by the Trustee or the Holders. 
 The Mortgage Indenture permits, with certain exceptions as therein provided, the Company
and the Trustee to enter into one or more supplemental indentures for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Mortgage Indenture with the consent of the Holders of not less than
a majority in aggregate principal amount of the Bonds at the time Outstanding, considered as one class; provided, however, that if there shall be Bonds of more than one series Outstanding under the Mortgage Indenture and if a proposed
supplemental indenture shall directly affect the rights of the Holders of Bonds 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 Bonds of all
series so directly affected, considered as one class, shall be required; and provided, further, that if the Bonds 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 Bonds of one or more, but less than all, of such Tranches, then the consent only of the 

  
 A-8 

 
Holders of a majority in aggregate principal amount of the Outstanding Bonds of all Tranches so directly affected, considered as one class, shall be required; and provided, further,
that the Mortgage Indenture permits the Company and the Trustee to enter into one or more supplemental indentures for certain purposes without the consent of any Holders of Bonds. The Mortgage Indenture also contains provisions permitting the
Holders of a majority in aggregate principal amount of Bonds, on behalf of the Holders of all such Bonds, to waive certain past defaults under the Mortgage Indenture and their consequences. Any such consent or waiver by the Holder of this Bond shall
be conclusive and binding upon such Holder and upon all future Holders of this Bond and of any Bond issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Bond. 
 As provided in and subject to the provisions of the Mortgage Indenture, the Holder of this Bond shall not have the right
to institute any proceeding with respect to the Mortgage Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of
Default, the Holders of at least 25% in aggregate principal amount of the Bonds at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
reasonable indemnity, and the Trustee shall not have received from the Holders of at least a majority in aggregate principal amount of Bonds at the time Outstanding a direction inconsistent with such written request, and shall have failed to
institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Bond for the enforcement of any payment of principal hereof or any
premium or interest hereon on or after the respective due dates expressed herein. 
 No reference herein to the Mortgage Indenture and no
provision of this Bond or of the Mortgage Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Bond at the times, place and rate, and in the
coin or currency, herein prescribed. 
 As provided in the Mortgage Indenture and subject to certain limitations therein set forth, the
transfer of this Bond is registrable in the Bond Register, upon surrender of this Bond for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Bond are payable,
duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or the Bond Registrar, as the case may be, duly executed by the Holder hereof or such Holder’s attorney duly authorized in
writing, and thereupon one or more new Bonds of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Bonds of this series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000
in excess thereof. As provided in the Mortgage Indenture and subject to certain limitations therein set forth, Bonds of this series are exchangeable for a like aggregate principal amount of Bonds of this series and of like tenor of a different
authorized denomination, as requested by the Holders surrendering the same. 

  
 A-9 

 No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 The
Company shall not be required to execute or to provide for the registration of the transfer of or the exchange of (A) any Bond of this series during a period of 15 days immediately preceding the date notice is to be given identifying the serial
numbers (or with respect to Global Bonds, CUSIP numbers) of the Bonds of this series called for redemption, or (B) any Bond of this series selected for redemption in whole or in part, except the unredeemed portion of any Bond of this series
being redeemed in part. 
 Prior to due presentment of this Bond for registration of transfer, the Company, the Trustee and any agent of the
Company or the Trustee may treat the Person in whose name this Bond is registered as the owner hereof for all purposes, whether or not this Bond is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 This Bond shall be governed by, and construed and enforced in accordance with, the laws of the State of New York without regard
to the principles of conflicts of laws thereunder, except to the extent that the Trust Indenture Act shall be applicable. 
 As provided in
the Mortgage Indenture, no recourse shall be had for the payment of the principal of, premium, if any, or interest with respect to this Bond, or any part thereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness
represented hereby, or upon any obligation, covenant or agreement under the Mortgage Indenture, against any incorporator, shareholder, officer or director, as such, past, present or future, 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 penalty or otherwise; it being
expressly agreed and understood that the Mortgage Indenture and all the Bonds are solely corporate obligations and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the
execution of the Mortgage Indenture and the issuance of this Bond. 
 All terms used in this Bond which are not defined herein shall have
the meanings assigned to them in the Mortgage Indenture. 

  
 A-10 

 ASSIGNMENT FORM 

To assign this Bond, fill in the form below: (I) or (we) assign and transfer this Bond to ______________________________________ 

 
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name, address and zip
code) 
 and irrevocably appoint ________________________________________________________________________________________ to transfer this Bond on
the books of the Company. The agent may substitute another to act for him. 
 Date: ___________ 

 

	
	 Your signature:______________________________

	(Sign exactly as your name appears on the face of this Bond)
	
	Tax Identification No.:
	
	 SIGNATURE GUARANTEE:

	
	  
 Signatures must be guaranteed by
an “eligible guarantor institution” meeting the requirements of the Bond Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature
guarantee program” as may be determined by the Bond Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

  
 A-11 

 EXHIBIT B 

[FORM OF 6.750% FIRST MORTGAGE BOND DUE 2053] 

[FORM OF FACE OF BOND] 
 THIS
BOND IS A GLOBAL BOND WITHIN THE MEANING OF THE MORTGAGE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS DEFINED IN THE MORTGAGE INDENTURE) OR A NOMINEE THEREOF. THIS GLOBAL BOND IS EXCHANGEABLE FOR BONDS
REGISTERED IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR ITS NOMINEE ONLY IN LIMITED CIRCUMSTANCES DESCRIBED IN THE MORTGAGE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR BONDS IN CERTIFICATED FORM, THIS GLOBAL
BOND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR
DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY BOND ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THE
FOLLOWING SUMMARY OF TERMS IS SUBJECT TO THE INFORMATION SET FORTH ON THE REVERSE HEREOF: 
  

					
	 PRINCIPAL AMOUNT:
 $750,000,000
	  	 ORIGINAL ISSUE DATE:
 January 6,
2023
	  	 INTEREST RATE:
 6.750% per
annum

			
	 MATURITY DATE:
 January 15,
2053
	  	 INTEREST PAYMENT DATES:
 January 15 and
July 15 of each year, commencing July 15, 2023
	  	 THIS BOND IS A:
 [X] Global Book-Entry
Bond
 [    ] Certificated Bond

		
	 REGISTERED OWNER: Cede & Co., as nominee of The

Depository Trust Company
	  	

  
 B-1 

 PACIFIC GAS AND ELECTRIC COMPANY 

6.750% FIRST MORTGAGE BOND DUE 2053 

(Fixed Rate) 
  

			
	 No. [•]
	  	Principal Amount: $[•]
	 CUSIP [•]
	  	

 PACIFIC GAS AND ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State of
California (herein called the “Company,” which term includes any successor Person pursuant to the applicable provisions of the Mortgage Indenture hereinafter referred to), for value received, hereby promises to pay to
Cede & Co., as nominee for The Depository Trust Company, or registered assigns, the Principal Amount stated above on the Maturity Date stated above, and to pay interest thereon from and including the Original Issue Date stated above or, in
the case of a 6.750% First Mortgage Bond Due 2053 issued upon the registration of transfer or exchange, from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on the
Interest Payment Dates set forth above and on the Maturity Date stated above at the rate of 6.750% per annum until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in such Mortgage Indenture, be paid to the Person in whose name this 6.750% First Mortgage Bond Due 2053 (this “Bond”) (or one or more Predecessor Bonds) is registered at the close of business
on the Regular Record Date for such interest, which shall be January 1 or July 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date; provided, however, that interest payable at the Maturity Date
or on a Redemption Date will be paid to the Person to whom principal is payable. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the
Person in whose name this Bond (or one or more Predecessor Bonds) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, as set forth in Section 3.07 of the
Mortgage Indenture, notice whereof shall be given to Holders of Bonds of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of the Mortgage
Indenture and any securities exchange, if any, on which the Bonds of this series may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in said Mortgage Indenture. 

Payments of interest on this Bond will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for
this Bond shall be computed and paid on the basis of the 360-day year of twelve 30-day months. In the event that any date on which interest is payable on this Bond
(other than the Maturity Date) is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay) with the same
force and effect as if made on the date the payment was originally payable. If the Maturity Date falls on a day that is not a Business Day, the payment of principal, premium, if any, and interest may be made on the next succeeding Business Day, and
no interest on such payment shall accrue for the period from and after maturity. 

  
 B-2 

 Payment of principal of, premium, if any, and interest on the Bonds of this series shall be
made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if any, and interest on the Bonds of this series represented by a
Global Bond shall be made by wire transfer of immediately available funds to the Holder of such Global Bond, provided that, in the case of payments of principal and premium, if any, such Global Bond is first surrendered to the Paying Agent. If any
of the Bonds of this series are no longer represented by a Global Bond, (i) payments of principal, premium, if any, and interest due on the Maturity Date or on a Redemption Date of such Bonds shall be made at the office of the Paying Agent upon
surrender of such Bonds to the Paying Agent, and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, (A) by check mailed to the address of the Person entitled thereto as such
address shall appear in the Bond Register or (B) by wire transfer to registered Holders of at least $10,000,000 in principal amount of Bonds at such place and to such account at a banking institution in the United States as such Holders may
designate in writing to the Trustee at least sixteen (16) days prior to the date for payment. 
 REFERENCE IS HEREBY MADE TO THE
FURTHER PROVISIONS OF THIS BOND SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 

  
 B-3 

 Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual or electronic signature, this Bond shall not be entitled to any benefit under the Mortgage Indenture or be valid or obligatory for any purpose. 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated: 
  

					
	 PACIFIC GAS AND ELECTRIC COMPANY

		
	By	 	__________________________________
		 	Name: Margaret K. Becker
		 	Title: Vice President and Treasurer
		
	By	 	__________________________________
		 	Name:
		 	Title:

  
 B-4 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Bonds of the series designated as Bonds of the 6.750% First Mortgage Bonds due 2053 referred to in the within-mentioned
Mortgage Indenture. 
  

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

 Dated: 

  
 B-5 

 [FORM OF REVERSE OF 6.750% FIRST MORTGAGE BOND DUE 2053] 

This 6.750% First Mortgage Bond due 2053 is one of a duly authorized issue of Bonds of the Company (the “Bonds”), issued and
issuable in one or more series under and equally secured by an Indenture of Mortgage, dated as of June 19, 2020 (such Mortgage Indenture as originally executed and delivered and as supplemented or amended from time to time thereafter, together
with any constituent instruments establishing the terms of particular Bonds, being herein called the “Mortgage Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (herein called the
“Trustee”, which term includes any successor trustee under the Mortgage Indenture), and reference is hereby made to the Mortgage Indenture for a description of the property mortgaged, pledged and held in trust, the nature and extent
of the security and the respective rights, limitations of rights, duties and immunities of the Company, the Trustee and the Holders of Bonds thereunder and of the terms and conditions upon which Bonds are, and are to be, authenticated and delivered.
The acceptance of this Bond shall be deemed to constitute the consent and agreement by the Holder hereof to all of the terms and provisions of the Mortgage Indenture. 

The Company shall not be required to make any mandatory redemption or sinking fund payments with respect to the Bonds of this series. 

Subject to the terms and conditions of the Mortgage Indenture, prior to the Par Call Date, the Company may redeem the Bonds of this series at
its option (“Optional Redemption”), in whole or in part, at any time and from time to time, at a Redemption Price (expressed as a percentage of the principal amount and rounded to three decimal places) equal to the greater of:
(1)(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Bonds of this series matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 45 basis points, less (b) interest accrued to the Redemption Date; and
(2) 100% of the principal amount of the Bonds of this series to be redeemed, plus, in either case, accrued and unpaid interest thereon to the Redemption Date. 

Subject to the terms and conditions of the Mortgage Indenture, on or after the Par Call Date, the Company may redeem the Bonds of this series,
in whole or in part, at any time and from time to time, at a Redemption Price equal to 100% of the principal amount of the Bonds of this series being redeemed plus accrued and unpaid interest thereon to the Redemption Date. 

For purposes of determining the Redemption Price, the following terms have the following meanings: 

“Par Call Date” means July 15, 2052. 

“Treasury Rate” means, with respect to any Redemption Date, the yield determined by the Company in accordance with the
following two paragraphs. 

  
 B-6 

 The Treasury Rate shall be determined by the Company after 4:15 p.m., New York City time (or
after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the Redemption Date based upon the yield or yields for the most recent day that
appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily)—H.15” (or any successor designation or
publication) (“H.15”) under the caption “U.S. government securities–Treasury constant maturities—Nominal” (or any successor caption or heading) (“H.15 TCM”). In determining the Treasury Rate, the
Company shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the Redemption Date to the Par Call Date (the “Remaining Life”); or (2) if there is no such
Treasury constant maturity on H.15 exactly equal to the Remaining Life, the two yields—one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on
H.15 immediately longer than the Remaining Life—and shall interpolate to the Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal places; or (3) if there is no
such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant
maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable, of such Treasury constant maturity from the Redemption Date. 

If on the third Business Day preceding the Redemption Date H.15 TCM is no longer published, the Company shall calculate the Treasury Rate
based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such Redemption Date of the United States Treasury security maturing on, or with a maturity
that is closest to, the Par Call Date. If there is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury securities with a maturity date equally distant from the applicable Par Call Date,
one with a maturity date preceding the Par Call Date and one with a maturity date following the Par Call Date, the Company shall select the United States Treasury security with a maturity date preceding the Par Call Date. If there are two or more
United States Treasury securities maturing on the Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Company shall select from among these two or more United States Treasury securities
the United States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In determining the Treasury Rate in accordance with
the terms of this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal amount) at 11:00 a.m., New York City
time, of such United States Treasury security, and rounded to three decimal places. 
 Interest installments whose Stated Maturity is on or
prior to such Redemption Date will be payable to Holders of such Bonds of this series, or one or more Predecessor Bonds, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Mortgage
Indenture. 
 In the case of an Optional Redemption, notice of redemption will be sent not less than 10 days nor more than 60 days prior to
the Redemption Date to each Holder of Bonds of this series to be redeemed. If money sufficient to pay the Redemption Price of all Bonds of this series (or portions thereof) to be redeemed on the Redemption Date is deposited with the Paying Agent or
the Trustee on or prior to the Redemption Date, from and after such Redemption Date such Bonds of this series or portions thereof shall cease to bear interest. The Bonds of this series in denominations larger than $2,000 in principal amount may be
redeemed in part but only in integral multiples of $1,000. 

  
 B-7 

 In the case of a partial redemption, selection of the Bonds of this series for redemption
will be made pro rata, by lot or by such other method as the Trustee in its sole discretion deems appropriate and fair. No Bonds of this series of a principal amount of $2,000 or less will be redeemed in part. If any Bond of this series is to be
redeemed in part only, the notice of redemption that relates to the Bond of this series will state the portion of the principal amount of the Bond of this series to be redeemed. A new Bond of this series in a principal amount equal to the unredeemed
portion of the Bond of this series will be issued in the name of the Holder of the Bond of this series upon surrender for cancellation of the original Bond of this series. For so long as the Bonds of this series are held by DTC (or another
Depositary), the redemption of the Bonds of this series shall be done in accordance with the policies and procedures of the Depositary. 

As provided in the Mortgage Indenture and subject to certain limitations therein set forth, this Bond or any portion of the principal amount
hereof will be deemed to have been paid for all purposes of the Mortgage Indenture and to be no longer Outstanding thereunder, and the Company’s entire indebtedness in respect thereof will be satisfied and discharged, if there has been
irrevocably deposited with the Trustee or any Paying Agent (other than the Company), in trust, money in an amount which will be sufficient and/or Eligible Obligations, the principal of and interest on which when due, without regard to any
reinvestment thereof, will provide moneys which, together with money, if any, deposited with or held by the Trustee or such Paying Agent, will be sufficient to pay when due the principal of and premium, if any, and interest on this Bond when due.

 If an Event of Default shall occur and be continuing as provided in the Mortgage Indenture, the Trustee or the Holders of not less than
25% in aggregate principal amount of Bonds then Outstanding, considered as one class, may declare the principal amount of all Bonds then Outstanding to be due and payable immediately by notice in writing to the Company (and to the Trustee if given
by Holders); provided, however, that with respect to certain Events of Default relating to bankruptcy, insolvency and similar events, the principal amount of all Bonds then Outstanding shall be due and payable immediately without
further action by the Trustee or the Holders. 
 The Mortgage Indenture permits, with certain exceptions as therein provided, the Company
and the Trustee to enter into one or more supplemental indentures for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Mortgage Indenture with the consent of the Holders of not less than
a majority in aggregate principal amount of the Bonds at the time Outstanding, considered as one class; provided, however, that if there shall be Bonds of more than one series Outstanding under the Mortgage Indenture and if a proposed
supplemental indenture shall directly affect the rights of the Holders of Bonds 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 Bonds of all
series so directly affected, considered as one class, shall be required; and provided, further, that if the Bonds 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 Bonds of one or more, but less than all, of such Tranches, then the consent only of the 

  
 B-8 

 
Holders of a majority in aggregate principal amount of the Outstanding Bonds of all Tranches so directly affected, considered as one class, shall be required; and provided, further,
that the Mortgage Indenture permits the Company and the Trustee to enter into one or more supplemental indentures for certain purposes without the consent of any Holders of Bonds. The Mortgage Indenture also contains provisions permitting the
Holders of a majority in aggregate principal amount of Bonds, on behalf of the Holders of all such Bonds, to waive certain past defaults under the Mortgage Indenture and their consequences. Any such consent or waiver by the Holder of this Bond shall
be conclusive and binding upon such Holder and upon all future Holders of this Bond and of any Bond issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Bond. 
 As provided in and subject to the provisions of the Mortgage Indenture, the Holder of this Bond shall not have the right
to institute any proceeding with respect to the Mortgage Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of
Default, the Holders of at least 25% in aggregate principal amount of the Bonds at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
reasonable indemnity, and the Trustee shall not have received from the Holders of at least a majority in aggregate principal amount of Bonds at the time Outstanding a direction inconsistent with such written request, and shall have failed to
institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Bond for the enforcement of any payment of principal hereof or any
premium or interest hereon on or after the respective due dates expressed herein. 
 No reference herein to the Mortgage Indenture and no
provision of this Bond or of the Mortgage Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Bond at the times, place and rate, and in the
coin or currency, herein prescribed. 
 As provided in the Mortgage Indenture and subject to certain limitations therein set forth, the
transfer of this Bond is registrable in the Bond Register, upon surrender of this Bond for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Bond are payable,
duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or the Bond Registrar, as the case may be, duly executed by the Holder hereof or such Holder’s attorney duly authorized in
writing, and thereupon one or more new Bonds of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Bonds of this series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000
in excess thereof. As provided in the Mortgage Indenture and subject to certain limitations therein set forth, Bonds of this series are exchangeable for a like aggregate principal amount of Bonds of this series and of like tenor of a different
authorized denomination, as requested by the Holders surrendering the same. 

  
 B-9 

 No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 The
Company shall not be required to execute or to provide for the registration of the transfer of or the exchange of (A) any Bond of this series during a period of 15 days immediately preceding the date notice is to be given identifying the serial
numbers (or with respect to Global Bonds, CUSIP numbers) of the Bonds of this series called for redemption, or (B) any Bond of this series selected for redemption in whole or in part, except the unredeemed portion of any Bond of this series
being redeemed in part. 
 Prior to due presentment of this Bond for registration of transfer, the Company, the Trustee and any agent of the
Company or the Trustee may treat the Person in whose name this Bond is registered as the owner hereof for all purposes, whether or not this Bond is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 This Bond shall be governed by, and construed and enforced in accordance with, the laws of the State of New York without regard
to the principles of conflicts of laws thereunder, except to the extent that the Trust Indenture Act shall be applicable. 
 As provided in
the Mortgage Indenture, no recourse shall be had for the payment of the principal of, premium, if any, or interest with respect to this Bond, or any part thereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness
represented hereby, or upon any obligation, covenant or agreement under the Mortgage Indenture, against any incorporator, shareholder, officer or director, as such, past, present or future, 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 penalty or otherwise; it being
expressly agreed and understood that the Mortgage Indenture and all the Bonds are solely corporate obligations and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the
execution of the Mortgage Indenture and the issuance of this Bond. 
 All terms used in this Bond which are not defined herein shall have
the meanings assigned to them in the Mortgage Indenture. 

  
 B-10 

 ASSIGNMENT FORM 

To assign this Bond, fill in the form below: (I) or (we) assign and transfer this Bond
to                                        
                                         
                    

                          
                                         
                                         
                                         
                                         
                                         
          
 (Insert assignee’s soc. sec. or tax I.D. no.) 

                          
                                         
                                         
                                         
                                         
                                         
          

                          
                                         
                                         
                                         
                                         
                                         
          

                          
                                         
                                         
                                         
                                         
                                         
          

                          
                                         
                                         
                                         
                                         
                                         
          

                          
                                         
                                         
                                         
                                         
                                         
          
 (Print or type assignee’s name, address and zip code) 

and irrevocably appoint
                                         
                                         
                                         
                                         
                                     

to transfer this Bond on the books of the Company. The agent may substitute another to act for him. 

Date: ___________ 
  

	
	 Your signature:_____________________________

	 (Sign exactly as your name appears on the face of this Bond)

	
	 Tax Identification No.:

	
	 SIGNATURE GUARANTEE:

	
	  
 Signatures must be guaranteed by
an “eligible guarantor institution” meeting the requirements of the Bond Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature
guarantee program” as may be determined by the Bond Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

  
 B-11 

 SCHEDULE 1 

RECORDING INFORMATION 
 This
Schedule 1 is hereby incorporated into and made a part of the Eighteenth Supplemental Indenture. The Eighteenth Supplemental Indenture (or a memorandum describing such Eighteenth Supplemental Indenture) shall be recorded in the Official
Records of the County (as defined above) in order to put third parties on record notice with respect thereto. 
 The Mortgage Indenture was
initially recorded in the Official Records of the County on the applicable recording dates and at the applicable instrument numbers set forth in column A below. 

The Memorandum of Supplemental First Mortgage Indentures, dated as of August 12, 2020 was recorded in the Official Records of
the County on the applicable recording dates and at the applicable instrument numbers set forth in column B below. 
 Certain parcels of
real property located in certain counties have been released from the lien of the Mortgage Indenture, as set forth in the 2020 Partial Release (as defined below). To the extent applicable, the Certificate of Partial Release of Lien, dated as of
December 15, 2020 (the “2020 Partial Release”) was recorded in the Official Records of the County on the applicable recording dates and at the applicable instrument numbers set forth in column C below. 

The Seventh Supplemental Indenture, dated as of November 16, 2020 was recorded in the Official Records of the County on the
applicable recording dates and at the applicable instrument numbers set forth in column D below. 
 The Eighth Supplemental Indenture,
dated as of March 11, 2021 was recorded in the Official Records of the County on the applicable recording dates and at the applicable instrument numbers set forth in column E below. 

Certain parcels of real property located in certain counties have been released from the lien of the Mortgage Indenture, as set forth in the
2021 Partial Release (as defined below). To the extent applicable, the Certificate of Partial Release of Lien, dated as of September 9, 2021 (the “2021 Partial Release”) was recorded in the Official Records of
the County on the applicable recording dates and at the applicable instrument numbers set forth in column F below. 
 The Memorandum of
Supplemental First Mortgage Indentures, dated as of August 31, 2021 was recorded in the Official Records of the County on the applicable recording dates and at the applicable instrument numbers set forth in column G below. 

The Memorandum of Supplemental First Mortgage Indentures, dated as of January 7, 2022 was recorded in the Official Records of the
County on the applicable recording dates and at the applicable instrument numbers set forth in column H below. 

  
 Sch. 1-1 

 Certain parcels of real property located in certain counties have been released from the
lien of the Mortgage Indenture, as set forth in the 2022-A Partial Release (as defined below). To the extent applicable, the Certificate of Partial Release of Lien, dated as of March 31, 2022
(the “2022-A Partial Release”) was recorded in the Official Records of the County on the applicable recording dates and at the applicable instrument numbers set forth in column I
below. 
 The Memorandum of Supplemental First Mortgage Indentures, dated as of May 13, 2022 was recorded in the Official Records
of the County on the applicable recording dates and at the applicable instrument numbers set forth in column J below. 
 The Sixteenth
Supplemental Indenture, dated as of June 8, 2022 was recorded in the Official Records of the County on the applicable recording dates and at the applicable instrument numbers set forth in column K below. 

Certain parcels of real property located in certain counties have been released from the lien of the Mortgage Indenture, as set forth in the 2022-B Partial Release (as defined below). To the extent applicable, the Certificate of Partial Release of Lien, dated as of August 12, 2022
(the “2022-B Partial Release”) was recorded in the Official Records of the County on the applicable recording dates and at the applicable instrument numbers set forth in column L
below. 
  

									
	 	  	 A
	  	 B
	  	 C
	  	 D

	 County
	  	 Recording Date &
Instrument Number

(Indenture of Mortgage,
dated as of June 19,
2020)
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage Indentures,
dated as of
August 12, 2020)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien, dated as
of
December 15, 2020)
	  	 Recording Date &
Instrument Number

(Seventh Supplemental
Indenture, dated as of
November 16, 2020) 

					
	Alameda	  	 Date: 7/8/2020

Instrument: 2020159002
	  	 Date: 8/19/2020

Instrument: 2020203390
	  	—	  	 Date: 3/8/2021

Instrument: 2021094794

					
	Alpine	  	 Date: 7/8/2020

Instrument: Ins.000313
	  	 Date: 8/21/2020

Instrument: 2020000409
	  	—	  	 Date: 2/26/2021

Instrument: 2021-000224

					
	Amador	  	 Date: 7/7/2020

Instrument: 2020-0005302
	  	 Date: 8/19/2020

Instrument: 2020-0006984-00
	  	—	  	 Date: 3/8/2021

Instrument: 20210002728

					
	Butte	  	 Date: 7/7/2020

Instrument: 2020-0026656
	  	 Date: 8/19/2020

Instrument: 2020-0033263
	  	—	  	 Date: 2/24/2021

Instrument: 2021-0008993

					
	Calaveras	  	 Date: 7/7/2020

Instrument: 2020-008603
	  	 Date: 8/19/2020

Instrument: 2020-011334
	  	—	  	 Date: 2/24/2021

Instrument: 2021-003707

					
	Colusa	  	 Date: 7/13/2020

Instrument: 2020-0002012
	  	 Date: 8/19/2020

Instrument: 2020-0002404
	  	—	  	 Date: 2/25/2021

Instrument: 2021-0000922

					
	Contra Costa	  	 Date: 7/10/2020

Instrument: 2020-0137967-00
	  	 Date: 8/24/2020

Instrument: 2020-0179597
	  	—	  	 Date: 3/8/2021

Instrument: 2021-0068856

					
	El Dorado	  	 Date: 7/7/2020

Instrument: 2020-0033173-00
	  	 Date: 8/19/2020

Instrument: 2020-0042892-00
	  	—	  	 Date: 3/4/2021

Instrument: 2021-0014976

					
	Fresno	  	 Date: 7/7/2020

Instrument: 2020-0084490
	  	 Date: 8/20/2020

Instrument: 2020-0108156
	  	—	  	 Date: 2/24/2021

Instrument: 2021-0031297

  
 Sch. 1-2 

									
	 	  	 A
	  	 B
	  	 C
	  	 D

	 County
	  	 Recording Date &
Instrument Number

(Indenture of Mortgage,
dated as of June 19,
2020)
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage Indentures,
dated as of
August 12, 2020)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien, dated as
of
December 15, 2020)
	  	 Recording Date &
Instrument Number

(Seventh Supplemental
Indenture, dated as of
November 16, 2020) 

					
	Glenn	  	 Date: 7/8/2020

Instrument: 2020-2622
	  	 Date: 8/25/2020

Instrument: 2020-3320
	  	—	  	 Date: 2/25/2021

Instrument: 2021-0901

					
	Humboldt	  	 Date: 7/14/2020

Instrument: 2020-011590
	  	 Date: 8/24/2020

Instrument: 2020-014544
	  	—	  	 Date: 3/5/2021

Instrument: 2021005120

					
	Kern	  	 Date: 7/7/2020

Instrument: 220088046
	  	 Date: 8/19/2020

Instrument: 220113312
	  	 Date: 12/29/2020

Instrument: 220202055
	  	 Date: 2/24/2021

Instrument: 221034332

					
	Kings	  	 Date: 7/7/2020

Instrument: 2011843
	  	 Date: 8/21/2020

Instrument: 2015093
	  	—	  	 Date: 2/24/2021

Instrument: 2104019

					
	Lake	  	 Date: 7/7/2020

Instrument: 2020008082
	  	 Date: 8/19/2020

Instrument: 2020010193
	  	—	  	 Date: 2/24/2021

Instrument: 2021003293

					
	Lassen	  	 Date: 7/8/2020

Instrument: 2020-02654
	  	 Date: 8/20/2020

Instrument: 2020-03389
	  	—	  	 Date: 2/25/2021

Instrument: 2021-00982

					
	Madera	  	 Date: 7/7/2020

Instrument: 2020015446
	  	 Date: 8/19/2020

Instrument: 2020019584
	  	—	  	 Date: 3/9/2021

Instrument: 2021007361

					
	Marin	  	 Date: 7/7/2020

Instrument: 2020-0028741
	  	 Date: 8/19/2020

Instrument: 2020-0037600
	  	—	  	 Date: 2/24/2021

Instrument: 2021-0013112

					
	Mariposa	  	 Date: 7/7/2020

Instrument: 20202190
	  	 Date: 8/20/2020

Instrument: 20202821
	  	—	  	 Date: 3/4/2021

Instrument: 20211080

					
	Mendocino	  	 Date: 7/7/2020

Instrument: 202007917
	  	 Date: 8/19/2020

Instrument: 2020-10112
	  	—	  	 Date: 2/24/2021

Instrument: 2021-02892

					
	Merced	  	 Date: 7/7/2020

Instrument: 2020022266
	  	 Date: 8/19/2020

Instrument: 2020028493
	  	—	  	 Date: 2/24/2021

Instrument: 2021008602

					
	Modoc	  	 Date: 7/7/2020

Instrument: 20200001804
	  	 Date: 8/19/2020

Instrument: 20200002135
	  	—	  	 Date: 2/24/2021

Instrument: 20210000422

					
	Monterey	  	 Date: 7/7/2020

Instrument: 2020032685
	  	 Date: 8/19/2020

Instrument: 2020042185
	  	—	  	 Date: 2/24/2021

Instrument: 2021014097

					
	Napa	  	 Date: 7/7/2020

Instrument: 2020-0016006
	  	 Date: 8/20/2020

Instrument: 2020-0020526
	  	—	  	 Date: 3/4/2021

Instrument: 2021-0008728

					
	Nevada	  	 Date: 7/7/2020

Instrument: 20200015164
	  	 Date: 8/25/2020

Instrument: 20200020840
	  	—	  	 Date: 3/4/2021

Instrument: 20210007838

					
	Placer	  	 Date: 7/7/2020

Instrument: 2020-0067740
	  	 Date: 8/19/2020

Instrument: 2020-0087937-00
	  	—	  	 Date: 2/24/2021

Instrument: 2021-0026083-00

					
	Plumas	  	 Date: 7/9/2020

Instrument: 2020-0003422
	  	 Date: 8/20/2020

Instrument: 2020-0004742
	  	—	  	 Date: 3/11/2021

Instrument: 2021-0001758

					
	Sacramento	  	 Date: 7/7/2020

Instrument: Ins-202007071055
	  	 Date: 8/19/2020

Instrument: 202008190892
	  	—	  	 Date: 2/24/2021

Instrument: 202102241076

					
	San Benito	  	 Date: 7/7/2020

Instrument: 2020-0007874
	  	 Date: 8/19/2020

Instrument: 2020-0010072
	  	—	  	 Date: 3/4/2021

Instrument: 2021-0003400

					
	San Bernardino	  	 Date: 7/7/2020

Instrument: 2020-0226134
	  	 Date: 8/19/2020

Instrument: 2020-0294961
	  	—	  	 Date: 2/24/2021

Instrument: 2021-0087782

  
 Sch. 1-3 

									
	 	  	 A
	  	 B
	  	 C
	  	 D

	 County
	  	 Recording Date &
Instrument Number

(Indenture of Mortgage,
dated as of June 19,
2020)
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage Indentures,
dated as of
August 12, 2020)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien, dated as
of
December 15, 2020)
	  	 Recording Date &
Instrument Number

(Seventh Supplemental
Indenture, dated as of
November 16, 2020) 

					
	San Francisco	  	 Date: 7/7/2020

Instrument: 2020-K949017-00
	  	 Date: 8/19/2020

Instrument: 2020006126
	  	—	  	 Date: 2/24/2021

Instrument: 2021036477

					
	San Joaquin	  	 Date: 7/7/2020

Instrument: 2020-080390
	  	 Date: 8/19/2020

Instrument: 2020-103840
	  	—	  	 Date: 2/24/2021

Instrument: 2021-033997

					
	San Luis Obispo	  	 Date: 7/7/2020

Instrument: 2020033897
	  	 Date: 8/19/2020

Instrument: 2020043805
	  	 Date: 3/5/2021

Instrument: 2021017044
	  	 Date: 3/8/2021

Instrument: 2021017458

					
	San Mateo	  	 Date: 7/7/2020

Instrument: 2020064008
	  	 Date: 8/21/2020

Instrument: 2020-084135
	  	—	  	 Date: 2/24/2021

Instrument: 2021-030961

					
	Santa Barbara	  	 Date: 7/13/2020

Instrument: 2020-0034969
	  	 Date: 8/19/2020

Instrument: 2020-0043690
	  	—	  	 Date: 2/24/2021

Instrument: 2021-0014736

					
	Santa Clara	  	 Date: 7/7/2020

Instrument: 24528422
	  	 Date: 8/19/2020

Instrument: 24580344
	  	—	  	 Date: 2/24/2021

Instrument: 24845255

					
	Santa Cruz	  	 Date: 7/7/2020

Instrument: 2020-0024403
	  	 Date: 8/19/2020

Instrument: 2020-0031634
	  	—	  	 Date: 2/24/2021

Instrument: 2021-0011369

					
	Shasta	  	 Date: 7/7/2020

Instrument: 2020-0021039
	  	 Date: 8/19/2020

Instrument: 2020-0027008
	  	 Date: 12/29/2020

Instrument: 2020-0047326
	  	 Date: 2/24/2021

Instrument: 2021-0007584

					
	Sierra	  	 Date: 7/9/2020

Instrument: 2020171226
	  	 Date: 8/20/2020

Instrument: 2020171540
	  	—	  	 Date: 2/25/2021

Instrument: 2020172589

					
	Solano	  	 Date: 7/7/2020

Instrument: Ins-202000054277
	  	 Date: 8/19/2020

Instrument: 202000069597
	  	—	  	 Date: 2/24/2021

Instrument: 202100021149

					
	Sonoma	  	 Date: 7/9/2020

Instrument: 2020055917
	  	 Date: 8/19/2020

Instrument: 2020070874
	  	—	  	 Date: 2/24/2021

Instrument: 2021021837

					
	Stanislaus	  	 Date: 7/8/2020

Instrument: 2020-0047771
	  	 Date: 8/19/2020

Instrument: 2020-0061515-00
	  	—	  	 Date: 2/24/2021

Instrument: 2021-0017942-00

					
	Sutter	  	 Date: 7/8/2020

Instrument: 2020-0009800
	  	 Date: 8/19/2020

Instrument: 2020-0012784
	  	—	  	 Date: 2/24/2021

Instrument: 20210003735

					
	Tehama	  	 Date: 7/7/2020

Instrument: 2020007674
	  	 Date: 8/19/2020

Instrument: 2020009820
	  	—	  	 Date: 2/24/2021

Instrument: 2021002378

					
	Trinity	  	 Date: 7/8/2020

Instrument: 202002224
	  	 Date: 8/20/2020

Instrument: 202002748
	  	—	  	 Date: 2/25/2021

Instrument: 202100581

					
	Tulare	  	 Date: 7/7/2020

Instrument: 2020-0039416
	  	 Date: 8/26/2020

Instrument: 2020-0049011
	  	—	  	 Date: 3/2/2021

Instrument: 2021-0015218

					
	Tuolumne	  	 Date: 7/7/2020

Instrument: 2020007628
	  	 Date: 8/19/2020

Instrument: 2020009759
	  	—	  	 Date: 3/2/2021

Instrument: 2021003503

					
	Yolo	  	 Date: 7/8/2020

Instrument: 2020-0020467
	  	 Date: 8/19/2020

Instrument: 2020-0026550
	  	 Date: 3/8/2021

Instrument:
 2021-0009288
	  	 Date: 3/8/2021

Instrument: 2021-0009289

					
	Yuba	  	 Date: 7/8/2020

Instrument: 2020-010218
	  	 Date: 8/19/2020

Instrument: 2020-012939
	  	—	  	 Date: 2/24/2021

Instrument: 2021-003119

  
 Sch. 1-4 

											
	 	  	 E
	  	 F
	  	 G
	  	 H
	  	 I

	 County
	  	 Recording Date &
Instrument Number

(Eighth Supplemental
Indenture, dated as of
March 11, 2021)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as
of
September 9, 2021)
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage
Indentures,
dated as of August
31, 2021) 
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage Indentures,
dated as of
January 7,
2022)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as of
March 31,
2022)

						
	Alameda	  	 Date: 06/15/2021

Instrument: 2021215933
	  	—	  	 Date: 09/14/2021

Instrument: 2021309420
	  	 Date: 01/26/2022

Instrument: 2022017249
	  	—
						
	Alpine	  	 Date: 06/16/2021

Instrument: 2021000559
	  	—	  	 Date: 09/14/2021

Instrument: 2021-000769
	  	 Date: 01/24/2022

Instrument: 2022000031
	  	—
						
	Amador	  	 Date: 06/15/2021

Instrument: 2021-0007084
	  	—	  	 Date: 09/15/2021

Instrument: 2021-0010656
	  	 Date: 01/25/2022

Instrument: 2022-0000724
	  	—
						
	Butte	  	 Date: 06/17/2021

Instrument: 2021-0027732
	  	—	  	 Date: 09/10/2021

Instrument: 2021-0040855
	  	 Date: 01/21/2022

Instrument: 2022-0002347
	  	—
						
	Calaveras	  	 Date: 06/15/2021

Instrument: 2021-011005
	  	—	  	 Date: 09/16/2021

Instrument: 2021-016140
	  	 Date: 01/21/2022

Instrument: 2022-001421
	  	—
						
	Colusa	  	 Date: 06/17/2021

Instrument: 2021-0002508
	  	—	  	 Date: 09/14/2021

Instrument: 2021-0003762
	  	 Date: 01/24/2022

Instrument: 2022-0000404
	  	—
						
	Contra Costa	  	 Date: 06/15/2021

Instrument: 2021-0172986
	  	Date: 09/13/2021
Instrument: 2021-0254505	  	 Date: 09/22/2021

Instrument: 2021-0263934
	  	 Date: 01/21/2022

Instrument: 2022-0013443
	  	
						
	El Dorado	  	 Date: 06/15/2021

Instrument: 2021-0039831
	  	—	  	 Date: 09/13/2021

Instrument: 2021-0058502
	  	 Date: 01/21/2022

Instrument: 2022-0003838
	  	—
						
	Fresno	  	 Date: 06/15/2021

Instrument: 2021-0097447
	  	—	  	 Date: 09/13/2021

Instrument: 2021-0148962
	  	 Date: 01/24/2022

Instrument: 2022-0009356
	  	 Date: 04/06/2022

Instrument: 2022-0044515

						
	Glenn	  	 Date: 06/23/2021

Instrument: 2021-2872
	  	—	  	 Date: 09/10/2021

Instrument: 2021-4123
	  	 Date: 01/24/2022

Instrument: 2022-0307
	  	—
						
	Humboldt	  	 Date: 06/24/2021

Instrument: 2021-014188
	  	—	  	 Date: 09/15/2021

Instrument: 2021-020689
	  	 Date: 01/25/2022

Instrument: 2022-001615
	  	—
						
	Kern	  	 Date: 06/15/2021

Instrument: 221112026
	  	—	  	Date: 09/14/2021
Instrument: 221174492	  	 Date: 01/21/2022

Instrument: 222010906
	  	—
						
	Kings	  	 Date: 06/15/2021

Instrument: 2113322
	  	—	  	 Date: 09/17/2021

Instrument: 2120473
	  	 Date: 02/01/2022

Instrument: 2202147
	  	—
						
	Lake	  	 Date: 06/16/2021

Instrument: 2021010225
	  	—	  	 Date: 09/13/2021

Instrument: 2021-015134
	  	 Date: 02/02/2022

Instrument: 2022001154
	  	—

  
 Sch. 1-5 

											
	 	  	 E
	  	 F
	  	 G
	  	 H
	  	 I

	 County
	  	 Recording Date &
Instrument Number

(Eighth Supplemental
Indenture, dated as of
March 11, 2021)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as
of
September 9, 2021)
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage
Indentures,
dated as of August
31, 2021) 
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage Indentures,
dated as of
January 7,
2022)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as of
March 31,
2022)

						
	Lassen	  	 Date: 06/18/2021

Instrument: 2021-03286
	  	—	  	 Date: 09/13/2021

Instrument: 2021-04857
	  	 Date: 01/24/2022

Instrument: 2022-00332
	  	—
						
	Madera	  	 Date: 06/15/2021

Instrument: 2021019093
	  	—	  	 Date: 09/10/2021

Instrument: 2021028583
	  	 Date: 01/21/2022

Instrument: 2022001843
	  	—
						
	Marin	  	 Date: 06/15/2021

Instrument: 2021-0039212
	  	—	  	 Date: 09/10/2021

Instrument: 2021-0056705
	  	 Date: 01/21/2022

Instrument: 2022-0002727
	  	 Date: 04/06/2022

Instrument: 2022-0014733

						
	Mariposa	  	 Date: 06/15/2021

Instrument: 20212780
	  	—	  	 Date: 09/23/2021

Instrument: 20214302
	  	 Date: 02/01/2022

Instrument: 20220454
	  	—
						
	Mendocino	  	 Date: 06/16/2021

Instrument: 2021-09192
	  	—	  	 Date: 09/17/2021

Instrument: 2021-14137
	  	 Date: 01/25/2022

Instrument: 2022-01242
	  	—
						
	Merced	  	 Date: 06/15/2021

Instrument: 2021026546
	  	—	  	 Date: 09/13/2021

Instrument: 2021040766
	  	 Date: 01/21/2022

Instrument: 2022003686
	  	—
						
	Modoc	  	 Date: 06/15/2021

Instrument: 20210001695
	  	—	  	 Date: 09/10/2021

Instrument: 20210002777
	  	 Date: 01/21/2022

Instrument: 20220000144
	  	—
						
	Monterey	  	 Date: 06/17/2021

Instrument: 2021042424
	  	—	  	 Date: 09/13/2021

Instrument: 2021061137
	  	 Date: 01/24/2022

Instrument: 2022003479
	  	—
						
	Napa	  	 Date: 06/15/2021

Instrument: 2021-0020222
	  	—	  	 Date: 09/13/2021

Instrument: 2021-0029107
	  	 Date: 01/25/2022

Instrument: 2022-0001607
	  	—
						
	Nevada	  	 Date: 06/15/2021

Instrument: 20210020480
	  	—	  	 Date: 09/13/2021

Instrument: 20210030075
	  	 Date: 01/27/22

Instrument: 20220002043
	  	 Date: 03/31/2022

Instrument: 20220007109

						
	Placer	  	 Date: 06/15/2021

Instrument: 2021-0077769-00
	  	—	  	 Date: 09/10/2021

Instrument: 2021-0114356-00
	  	 Date: 01/25/2022

Instrument: 2022-0007227-00
	  	 Date: 03/31/2022

Instrument: 2022-0027849-00

						
	Plumas	  	 Date: 06/18/2021

Instrument: 2021-4121
	  	Date: 09/21/2021
Instrument: 2021-0006513	  	 Date: 09/24/2021

Instrument: 2021-0006605
	  	 Date: 01/24/2022

Instrument: 2022-0000507
	  	—
						
	Sacramento	  	 Date: 06/18/2021

Instrument: 202106180534
	  	—	  	 Date: 09/13/2021

Instrument: 202109130797
	  	 Date: 01/21/2022

Instrument: 202201211306
	  	—
						
	San Benito	  	 Date: 06/23/2021

Instrument: 2021-0009669
	  	—	  	 Date: 09/20/2021

Instrument: 2021-0014111
	  	 Date: 01/21/2022

Instrument: 2022-0000812
	  	—
						
	San Bernardino	  	 Date: 06/15/2021

Instrument: 2021-0270300
	  	—	  	 Date: 09/10/2021

Instrument: 2021-0414379
	  	 Date: 01/21/2022

Instrument: 2022-0026583
	  	—

  
 Sch. 1-6 

											
	 	  	 E
	  	 F
	  	 G
	  	 H
	  	 I

	 County
	  	 Recording Date &
Instrument Number

(Eighth Supplemental
Indenture, dated as of
March 11, 2021)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as
of
September 9, 2021)
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage
Indentures,
dated as of August
31, 2021) 
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage Indentures,
dated as of
January 7,
2022)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as of
March 31,
2022)

						
	San Francisco	  	 Date: 06/16/2021

Instrument: 2021096597
	  	—	  	 Date: 09/20/2021

Instrument: 2021147122
	  	 Date: 01/28/2022

Instrument: 2022010094
	  	—
						
	San Joaquin	  	 Date: 06/15/2021

Instrument: 2021-102076
	  	—	  	 Date: 09/10/2021

Instrument: 2021-152907
	  	 Date: 01/21/2022

Instrument: 2022-009240
	  	—
						
	San Luis Obispo	  	 Date: 06/15/2021

Instrument: 2021042772
	  	—	  	 Date: 09/10/2021

Instrument: 2021062407
	  	 Date: 01/24/2022

Instrument: 2022003310
	  	—
						
	San Mateo	  	 Date: 06/15/2021

Instrument: 2021-090929
	  	—	  	 Date: 09/14/2021

Instrument: 2021-132011
	  	 Date: 01/24/2022

Instrument: 2022-006389
	  	 Date: 04/07/2022

Instrument: 2022-029645

						
	Santa Barbara	  	 Date: 06/16/2021

Instrument: 2021-0045121
	  	—	  	 Date: 09/15/2021

Instrument: 2021-0065545
	  	 Date: 01/24/2022

Instrument: 2022-0004075
	  	—
						
	Santa Clara	  	 Date: 06/15/2021

Instrument: 24996810
	  	 Date: 09/21/2021

Instrument: 25107264
	  	 Date: 09/22/2021

Instrument: 25109534
	  	 Date: 01/24/2022

Instrument: 25224313
	  	 Date: 04/07/2022

Instrument: 25277354

						
	Santa Cruz	  	 Date: 06/15/2021

Instrument: 2021-0032793
	  	—	  	 Date: 09/10/2021

Instrument: 2021-0046780
	  	 Date: 01/21/2022

Instrument: 2022-0002159
	  	—
						
	Shasta	  	 Date: 06/15/2021

Instrument: 2021-0024897
	  	Date: 09/20/2021
Instrument: 2021-0039149	  	 Date: 09/22/2021

Instrument: 2021-0039480
	  	 Date: 01/21/2022

Instrument: 2022-0002199
	  	 Date: 04/06/2022

Instrument: 2022-0011169

						
	Sierra	  	 Date: 06/17/2021

Instrument: 2021173017
	  	—	  	 Date: 09/14/2021

Instrument: 2021173609
	  	 Date: 01/26/2022

Instrument: 2022174179
	  	—
						
	Solano	  	 Date: 06/15/2021

Instrument: 202100064487
	  	—	  	 Date: 09/10/2021

Instrument: 202100095898
	  	 Date: 01/24/2022

Instrument: 202200005916
	  	—
						
	Sonoma	  	 Date: 06/15/2021

Instrument: 2021070076
	  	—	  	 Date: 09/13/2021

Instrument: 2021102595
	  	 Date: 01/24/2022

Instrument: 2022004991
	  	—
						
	Stanislaus	  	 Date: 06/16/2021

Instrument: 2021-0057206
	  	—	  	 Date: 10/05/2021

Instrument: 2021-0093766
	  	 Date: 02/02/2022

Instrument: 2022-0007967
	  	—
						
	Sutter	  	 Date: 06/17/2021

Instrument: 2021-0011236
	  	—	  	 Date: 09/29/2021

Instrument: 2021-0017681
	  	 Date: 01/25/2022

Instrument: 2022-0001163
	  	—
						
	Tehama	  	 Date: 06/15/2021

Instrument: 2021008603
	  	—	  	 Date: 09/10/2021

Instrument: 2021012840
	  	 Date: 01/21/2022

Instrument: 2022000860
	  	—
						
	Trinity	  	 Date: 06/17/2021

Instrument: 202101938
	  	—	  	 Date: 09/13/2021

Instrument: 202105327
	  	 Date: 01/24/2022

Instrument: 202200200
	  	—

  
 Sch. 1-7 

											
	 	  	 E
	  	 F
	  	 G
	  	 H
	  	 I

	 County
	  	 Recording Date &
Instrument Number

(Eighth Supplemental
Indenture, dated as of
March 11, 2021)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as
of
September 9, 2021)
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage
Indentures,
dated as of August
31, 2021) 
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage Indentures,
dated as of
January 7,
2022)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as of
March 31,
2022)

						
	Tulare	  	 Date: 06/15/2021

Instrument: 2021-0043754
	  	—	  	 Date: 09/10/2021

Instrument: 2021-0066763
	  	 Date: 02/25/2022

Instrument: 2022-0005026
	  	—
						
	Tuolumne	  	 Date: 06/17/2021

Instrument: 2021009478
	  	—	  	 Date: 09/10/2021

Instrument: 2021014302
	  	 Date: 01/24/2022

Instrument: 2022000979
	  	—
						
	Yolo	  	 Date: 06/16/2021

Instrument: 2021-0023598
	  	—	  	 Date: 09/10/2021

Instrument: 2021-0034493
	  	 Date: 01/24/2022

Instrument: 2022-0001936
	  	—
						
	Yuba	  	 Date: 06/15/2021

Instrument: 2021-010827
	  	—	  	 Date: 09/10/2021

Instrument: 2021-016949
	  	 Date: 01/24/2022

Instrument: 2022-001131
	  	—

  

											
	 	  	 J
	  	 K
	  	 L
	  	 	  	 
	 County
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage Indentures,
dated as of
May 13,
2022)
	  	 Recording Date &
Instrument Number

(Sixteenth
Supplemental
Indenture, dated as of
June 8, 2022)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as of August
12,
2022)
	  	 	  	 
						
	Alameda	  	 Date: 05/25/2022

Instrument: 2022100365
	  	 Date: 08/05/22

Instrument: 2022138829
	  	—	  		  	
						
	Alpine	  	 Date: 05/20/2022

Instrument: 2022000254
	  	 Date: 08/10/22

Instrument: 2022000389
	  	—	  		  	
						
	Amador	  	 Date: 05/23/2022

Instrument: 2022-0004637
	  	 Date: 08/10/22

Instrument: 2022-0006870
	  	—	  		  	
						
	Butte	  	 Date: 05/18/2022

Instrument: 2022-0017492
	  	 Date: 08/05/22

Instrument: 2022-0026101
	  	—	  		  	
						
	Calaveras	  	 Date: 05/24/2022

Instrument: 2022-006931
	  	 Date: 08/05/22

Instrument: 2022-009868
	  	—	  		  	
						
	Colusa	  	 Date: 05/20/2022

Instrument: 2022-0001852
	  	 Date: 08/09/22

Instrument: 2022-0002621
	  	—	  		  	
						
	Contra Costa	  	 Date: 05/24/2022

Instrument: 2022-0087997
	  	 Date: 08/05/22

Instrument: 2022-0123193
	  	—	  		  	
						
	El Dorado	  	 Date: 05/18/2022

Instrument: 2022-0022236
	  	 Date: 08/05/22

Instrument: 2022-0032806
	  	—	  		  	

  
 Sch. 1-8 

											
	 	  	 J
	  	 K
	  	 L
	  	 	  	 
	 County
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage Indentures,
dated as of
May 13,
2022)
	  	 Recording Date &
Instrument Number

(Sixteenth
Supplemental
Indenture, dated as of
June 8, 2022)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as of August
12,
2022)
	  	 	  	 
						
	Fresno	  	 Date: 05/24/2022

Instrument: 2022-0069162
	  	 Date: 08/05/22

Instrument: 2022-0099615
	  	—	  		  	
						
	Glenn	  	 Date: 05/18/2022

Instrument: 2022-1984
	  	 Date: 08/05/22

Instrument: 2022-3049
	  	—	  		  	
						
	Humboldt	  	 Date: 05/23/2022

Instrument: 2022-010058
	  	 Date: 08/05/22

Instrument: 2022-014652
	  	—	  		  	
						
	Kern	  	 Date: 05/24/2022

Instrument: 222082073
	  	 Date: 08/05/22

Instrument: 222121822
	  	Date: 08/18/2022
Instrument: 222127316	  		  	
						
	Kings	  	 Date: 06/03/2022

Instrument: 2022-2210786
	  	 Date: 08/10/22

Instrument: 2215025
	  	—	  		  	
						
	Lake	  	 Date: 05/20/2022

Instrument: 2022007278
	  	 Date: 08/09/22

Instrument: 2022010807
	  	—	  		  	
						
	Lassen	  	 Date: 05/20/2022

Instrument: 202202323
	  	 Date: 08/09/22

Instrument: 2022-03518
	  	—	  		  	
						
	Madera	  	 Date: 05/18/2022

Instrument: 2022013676
	  	 Date: 08/05/22

Instrument: 2022020642
	  	—	  		  	
						
	Marin	  	 Date: 05/18/2022

Instrument: 2022-0020238
	  	 Date: 08/05/22

Instrument: 2022-0028836
	  	—	  		  	
						
	Mariposa	  	 Date: 05/23/2022

Instrument: 20222048
	  	 Date: 08/09/22

Instrument: 20222965
	  	—	  		  	
						
	Mendocino	  	 Date: 06/03/2022

Instrument: 2022-07008
	  	 Date: 08/10/22

Instrument: 2022-09549
	  	—	  		  	
						
	Merced	  	 Date: 05/18/2022

Instrument: 2022019388
	  	 Date: 08/05/22

Instrument: 2022028723
	  	—	  		  	
						
	Modoc	  	 Date: 05/18/2022

Instrument: 20220000978
	  	 Date: 08/05/22

Instrument: 20220001810
	  	—	  		  	
						
	Monterey	  	 Date: 05/25/2022

Instrument: 2022024181
	  	 Date: 08/05/22

Instrument: 2022033420
	  	—	  		  	
						
	Napa	  	 Date: 05/24/2022

Instrument: 2022-0010514
	  	 Date: 08/08/22

Instrument: 2022-0015081
	  	—	  		  	

  
 Sch. 1-9 

											
	 	  	 J
	  	 K
	  	 L
	  	 	  	 
	 County
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage Indentures,
dated as of
May 13,
2022)
	  	 Recording Date &
Instrument Number

(Sixteenth
Supplemental
Indenture, dated as of
June 8, 2022)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as of August
12,
2022)
	  	 	  	 
						
	Nevada	  	 Date: 05/18/2022

Instrument: 20220010774
	  	 Date: 08/05/22

Instrument: 20220016121
	  	—	  		  	
						
	Placer	  	 Date: 05/18/2022

Instrument: 2022-0042292-00
	  	 Date: 08/05/22

Instrument: 2022-0062679-00
	  	—	  		  	
						
	Plumas	  	 Date: 05/18/2022

Instrument: 2022-0003099
	  	 Date: 08/05/22

Instrument: 2022-0004592
	  	—	  		  	
						
	Sacramento	  	 Date: 05/24/2022

Instrument: 202205240418
	  	 Date: 08/05/22

Instrument: 202208050870
	  	—	  		  	
						
	San Benito	  	 Date: 05/18/2022

Instrument: 2022-0005300
	  	 Date: 08/25/22

Instrument: 2022-0007992
	  	—	  		  	
						
	San Bernardino	  	 Date: 05/18/2022

Instrument: 2022-0184555
	  	 Date: 08/05/22

Instrument: 2022-0271632
	  	—	  		  	
						
	San Francisco	  	 Date: 05/24/2022

Instrument: 2022052240
	  	 Date: 08/22/22

Instrument: 2022079527
	  	—	  		  	
						
	San Joaquin	  	 Date: 05/24/2022

Instrument: 2022-065791
	  	 Date: 08/05/22

Instrument: 2022-093830
	  	—	  		  	
						
	San Luis Obispo	  	 Date: 05/18/2022

Instrument: 2022021410
	  	 Date: 08/05/22

Instrument: 2022032062
	  	—	  		  	
						
	San Mateo	  	 Date: 05/18/2022

Instrument: 2022-041210
	  	 Date: 08/08/22

Instrument: 2022-059330
	  	—	  		  	
						
	Santa Barbara	  	 Date: 05/18/2022

Instrument: 2022-0024575
	  	 Date: 08/08/22

Instrument: 2022-0035155
	  	—	  		  	
						
	Santa Clara	  	 Date: 05/18/2022

Instrument: 25304880
	  	 Date: 08/08/22

Instrument: 25354494
	  	—	  		  	
						
	Santa Cruz	  	 Date: 05/18/2022

Instrument: 2022-0015672
	  	 Date: 08/05/22

Instrument: 2022-0022596
	  	—	  		  	
						
	Shasta	  	 Date: 05/18/2022

Instrument: 2022-0015875
	  	 Date: 08/05/22

Instrument: 2022-0023892
	  	—	  		  	
						
	Sierra	  	 Date: 05/20/2022

Instrument: 2022174496
	  	 Date: 08/08/22

Instrument: 2022174749
	  	—	  		  	

  
 Sch. 1-10 

											
	 	  	 J
	  	 K
	  	 L
	  	 	  	 
	 County
	  	 Recording Date &
Instrument Number

(Memorandum of
Supplemental First
Mortgage Indentures,
dated as of
May 13,
2022)
	  	 Recording Date &
Instrument Number

(Sixteenth
Supplemental
Indenture, dated as of
June 8, 2022)
	  	 Recording Date &
Instrument Number

(Certificate of Partial
Release of Lien,
dated as of August
12,
2022)
	  	 	  	 
						
	Solano	  	 Date: 05/18/2022

Instrument: 202200035505
	  	 Date: 08/08/22

Instrument: 202200052559
	  	—	  		  	
						
	Sonoma	  	 Date: 05/18/2022

Instrument: 2022035095
	  	 Date: 08/05/22

Instrument: 2022052874
	  	—	  		  	
						
	Stanislaus	  	 Date: 06/13/2022

Instrument: 2022-0042714
	  	 Date: 08/11/22

Instrument: 2022-0055142
	  	—	  		  	
						
	Sutter	  	 Date: 05/23/2022

Instrument: 2022-0007448
	  	 Date: 08/12/22

Instrument: 2022-0011134
	  	—	  		  	
						
	Tehama	  	 Date: 05/18/2022

Instrument: 2022006372
	  	 Date: 08/05/22

Instrument: 2022009472
	  	—	  		  	
						
	Trinity	  	 Date: 05/20/2022

Instrument: 202201347
	  	 Date: 08/09/22

Instrument: 202202621
	  	—	  		  	
						
	Tulare	  	 Date: 05/18/2022

Instrument: 2022-0031627
	  	 Date: 08/08/22

Instrument: 2022-0050147
	  	—	  		  	
						
	Tuolumne	  	 Date: 05/18/2022

Instrument: 2022006308
	  	 Date: 08/08/22

Instrument: 2022009386
	  	—	  		  	
						
	Yolo	  	 Date: 05/18/2022

Instrument: 2022-0012366
	  	 Date: 08/08/22

Instrument: 2022-0018489
	  	—	  		  	
						
	Yuba	  	 Date: 05/18/2022

Instrument: 2022-008109
	  	 Date: 08/08/22

Instrument: 2022-012051
	  	—	  		  	

  
 Sch. 1-11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}]]