Document:

Exhibit
4.2

 

AMENDED
AND RESTATED

 

INVESTORS’
RIGHTS AGREEMENT

 

of

 

Qnergy,
Inc.

 

    	 

    	 

    

 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT

 

THIS
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT (this “Agreement”), is made as of [__], 2021 by and among
Qnergy, Inc., a Delaware corporation (the “Company”) and each of the stockholders listed on Schedule A
hereto (the “Stockholders”).

 

RECITALS

 

A.
the Company is expected to consummate an initial public offering of its shares of Common Stock in the Tel Aviv Stock Exchange during
the year of 2021 (the “TASE IPO”) and in connection and anticipation of the TASE IPO, the Company and the
Stockholders wish to amend that certain Amended and Restated Investors Rights Agreement executed between them on April 1, 2020 (the
“Prior IRA”).

 

B. The
Stockholders and the Company hereby agree that this Agreement shall govern the rights granted to certain of the Stockholders to cause
the Company to register shares of Common Stock, and shall govern certain other matters as set forth in this Agreement, effective as of
and conditional upon the consummation of the TASE IPO;

 

NOW,
THEREFORE, the parties hereby agree as follows:

 

1. DEFINITIONS.
For purposes of this Agreement:

 

1.1 “Affiliate”
means, with respect to any specified Person, any other Person who, directly or indirectly, controls, is controlled by, or is under common
control with such Person, including without limitation any general partner, managing member, officer, director or trustee of such Person,
or any venture capital fund or registered investment company now or hereafter existing that is controlled by one or more general partners,
managing members or investment adviser of, or shares the same management company or investment adviser with, such Person.

 

1.2
“Board of Directors” means the Board of Directors of the Company.

 

1.3 “Commission”
means the United States Securities and Exchange Commission, or any other federal agency at the time administering the Securities Act
and the Exchange Act.

 

1.4 “Common
Stock” means shares of the Company’s common stock, par value $0.0001 per share.

 

1.5
“CI” means OGCI Climate Investments Holdings LLP.

 

1.6 “Company”
shall have the meaning set forth in the preamble and shall include any successor or successors thereto.

 

1.7 “EHIH”
means E.H.I Holding 2002 Agricultural Cooperative Association Ltd., association number – 57-004322-4 of Ein Harod (Ihud).

 

    	 

     

    

 

1.8 “Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time, or any similar successor federal statute, and
the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.

 

1.9 “Form
S-1” means such form under the Securities Act as in effect on the date hereof or any successor registration form under the
Securities Act subsequently adopted by the SEC.

 

1.10 “Form
S-3” means such form under the Securities Act as in effect on the date hereof or any registration form under the Securities
Act subsequently adopted by the SEC that permits forward incorporation of substantial information by reference to other documents filed
by the Company with the SEC.

 

1.11 “Holders”
means a holder of Registrable Securities.

 

1.12 “Initiating
Holder” means each of EHIH, Tene and CI.

 

1.13 “IPO”
means the initial public offering of the Company’s Common Stock pursuant to a firm commitment underwriting and an effective registration
statement under the Securities Act. For the avoidance of doubt, for the purposes of this Agreement, the TASE IPO shall not be considered
as an IPO under the Securities Act.

 

1.14
“Majority Interest” means Holders holding more than 65% of the voting power of the then issued and outstanding capital
stock (on as converted basis) voting together as a single class.

 

1.15 “Person”
means an individual, a corporation, a joint venture, a trust, an unincorporated organization, a limited liability company or partnership,
a government and any agency or political subdivision thereof.

 

1.16 “Recapitalization
Event” means any stock split, stock subdivision or combination, distribution of a stock dividend, recapitalization or similar
event relating to the Company’s capital stock.

 

1.17
“Registrable Securities” means (i) shares of Common Stock held by the Stockholders at the date of consummation of
the TASE IPO; (ii) Common Stock to be issued to Viola upon exercise of that certain warrant issued to it by the Company on April 21,
2021; and (iii) any shares of Common Stock issued and issuable with respect to any such shares described in clauses (i)-(ii) above by
way of a share dividend or share split or in connection with a combination of shares, recapitalization, merger, consolidation or other
reorganization.

 

1.18 “Registration
Expenses” means the expenses so described in Section 7 hereof.

 

1.19 “Restated
Certificate” means the Company’s amended and restated certificate of incorporation, as amended from time to time.

 

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1.20
“Securities Act” means the Securities Act of 1933, as amended from time to time, or any similar successor federal
statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.

 

1.21
“Tene” or “Tene Funds” means (i) Tene GPL, LP; and (ii) Tene Investment in Qnergy limited partnership
number 550257794.

 

1.22 “Viola”
means Viola Credit Five Fund, Limited Partnership.

 

2. DEMAND
REGISTRATION.

 

Registration Following TASE IPO.

 

(a) At
any time after the TASE IPO, upon request by Tene or EHIH, the Company shall file a Form S-1 registration statement or a Form S-3 registration
statement (as then available) under the Securities Act in respect of all Common Stock held by such Holder, at the expense of the Company
(the “Post TASE IPO Registration”). Section ‎5
shall apply to the Post TASE IPO Registration, except however that the Company shall use commercially reasonable efforts
to cause the Post TASE IPO Registration statement effective for as long as Tene and EHIH cannot freely sell their shares of Common Stock
without an effective registration statement. For the avoidance of doubt, nothing herein shall derogate from the lock-up restrictions
that may apply pursuant to the regulations and rules in Israel.

 

(b) To
the extent that a Holder of at least %[__] of the issued and outstanding share capital of the Company, seeks to sell to the public not
less than [__]% of the issued and outstanding share capital of the Company held by it at the time of application (the “Application”),
then the Company will act to publish a shelf prospectus and a shelf offering report in Israel within 90 days as of the date of the Application.
If at the time of the Application a shelf prospectus of the Company is valid, then the Company will act to publish a shelf offering report
in Israel within 30 days as of the date of the Application. The Company shall bear all the expenses involved in publishing the shelf
prospectus and the shelf offering report. The Company may delay the publication of such shelf prospectus or the shelf offering report
in Israel if to the Company’s Board of Directors’ sole discretion, such publication may cause a material adverse effect to
the Company and its stockholders (including in the event that the publication materially interferes with a material acquisition, reorganization
or other transaction of the Company; the publication will require the disclosure of material information that the Company has a business
interest in maintaining confidentiality; or the publication will prevent the Company from complying with the provisions of the Israeli
Securities Law, 5728-1968, as amended from time to time (the “Israeli Securities Law”)
and regulations promulgated thereunder and/or the guidelines of the Israel Securities Authority), for a period of 90 days. During
the aforementioned 90 days the Company will not be entitled to offer to the public securities held by another Stockholder. The Company
shall not be entitled to delay the publication of the prospectus or the shelf offering report as aforesaid more than once during a period
of six months, unless the reason for the delay is that the publication prevents the Company from complying with the provisions of the
Israeli Securities Law and regulations promulgated thereunder and/or the guidelines of the Israel Securities Authority. The right of
the Stockholders to make such a shelf offering shall commence only following six months as of the date of consummation of the TASE IPO.

 

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(c) The
registration pursuant to this Section 2.1 is in addition to, and does not derogate from, any other registration rights specified in this
Agreement.

 

2.2
Post-IPO Form S-1Demand. At any time following the expiration of six (6) months after the IPO and for a period of four (4) years
thereafter, each Initiating Holder may request, not more than twice in the aggregate, that the Company file a Form S-1 registration statement
under the Securities Act in respect to all or any portion of the Registrable Securities, anticipated to have an aggregate offering price
(net of underwriting discounts and commissions, if any) of not less than U.S. $5,000,000 (the “Post-IPO Demand” and
“Post-IPO Demand Request” respectively). The Post-IPO Demand registration procedures pursuant to a Post-IPO Demand
Request shall be as set forth in Section 2.3 below and as further set forth in the Agreement.

 

2.3 Demand
Procedures.

 

(a) Upon
receipt of a Post-IPO Demand Request, the Company shall promptly deliver notice of such a request to all other Holders of Registrable
Securities, if any, who shall then have thirty (30) days to notify the Company in writing of their desire to be included in such registration.
If the request for registration contemplates an underwritten public offering, the Company shall state such in the written notice and
in such event the right of any Holder of Registrable Securities to participate in such registration shall be conditioned upon their participation
in such underwritten public offering and the inclusion of their Registrable Securities in the underwritten public offering to the extent
provided herein.

 

(b) The
Company will use commercially reasonable efforts
to effect the registration of all Registrable Securities whose Holders request participation in such registration under the Securities
Act subject to the provisions of this Section 2 hereunder and to qualify such Registrable Securities for sale under any state
blue sky law; provided, however, that the Company shall not be required to effect a registration pursuant to a request under this Section
2: (i) after two (2) such Post-IPO Demand (per Initiating Holder) registrations pursuant to this Section 2 have been declared
effective, or (ii) during the period starting with 60 days prior to the Company’s good faith estimate of the date of filing of,
and ending on the date which is one hundred and eighty days (180) following the effective date of, a Company-initiated registration,
or (iii) in any jurisdictions which require it to qualify to do business or subject itself to general service of process therein.

 

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(c) The
Company may postpone the filing or the effectiveness of any registration statement pursuant to this Section 2 for a reasonable
time period, provided that such postponements shall not exceed one hundred and twenty (120) days in the aggregate during any twelve (12)
month period, if (A) the Company has been advised by legal counsel that such filing or effectiveness would require disclosure of a material
financing, acquisition or other corporate transaction, and the Board of Directors determines in good faith that such disclosure is not
in the best interests of the Company and its shareholders, or (B) the Board of Directors determines in good faith that there is a valid
business purpose or reason for delaying filing or effectiveness, and provided, further that (x) the Company shall not register any securities
for its own account or that of any other shareholder during such period and (y) that the Company may not invoke this right more than
once in any twelve (12) month period. A registration will not deemed as a requested registration under this Section 2 until the
registration statement relating to such registration has been declared effective by the Commission; provided, however, that if the Initiating
Holder or Initiating Holders (that requested the registration) shall request, in writing, at least ten (10) business days prior to the
effective date of the registration statement that the Company withdraw a registration statement which has been filed under this Section
2 but not yet been declared effective, the Majority Interest who participate in the registration may thereafter request that the
Company reinstate such registration, if permitted under the Securities Act, or to file another registration statement, in accordance
with the procedures set forth herein. Notwithstanding the provisions of Section 7, the Company shall not be required to pay for
any registration expenses pursuant to Section 2, if the registration request is subsequently withdrawn at the request of the Initiating
Holder(s) (in which case all selling Holders shall bear such expenses pro rata based upon the number of Registrable Securities that were
to be included in the withdrawn registration), unless (i) the Majority Interest who participate in the registration agree that all Holders
forfeit their right to one registration pursuant to Section 2; or (ii) unless the withdrawal is based upon material adverse information
concerning the Company of which the Initiating Holders were not aware at the time of such request (in which case such withdrawal shall
not require any forfeiture and the Company shall still be required to bear such expenses).

 

(d) If
a requested registration involves an underwritten public offering and the managing underwriter of such offering determines that the number
of securities sought to be offered should be limited due to market conditions, then the number of securities to be included in such underwritten
public offering shall be reduced to a number deemed satisfactory by such managing underwriter; provided, however, that the number of
shares that may be included in such underwritten public offering shall be allocated in the following sequence and priority: (i) first
the securities held by Tene Funds, CI and EHIH shall be included in such registration on a ratio of 2:2:1 (i.e. for each share of the
Company held by EHIH and included in the registration, two (2) shares held by Tene Funds (pro-rata between the members of the Tene Funds)
and two (2) shares held by CI shall be included) (the “Cutbacks
Ratio”); provided, further, however, that (a) as of such time that the shares held by CI
constitute less than 50% of the Common Stock issued to CI on conversion of its Series B Preferred Stock), then
the Cutbacks Ratio of CI shall equal its then pro rata share of the Registrable Securities; and (b) as of such date EHIH (including its
Permitted Transferees) holds less than 20% of the Company’s issued and outstanding share capital, then the Cutbacks Ratio shall
be made on a pro rata basis; and (ii) second, and only after all securities under (i) above have been included in the registration in
full, any other securities of the Company may be included. If there is a reduction of the number of Registrable Securities pursuant to
clauses (i) or (ii), such reduction shall be made on a pro rata basis (based upon the aggregate number of Registrable Securities held
by the Holders in each tranche and subject to the priorities set forth in the preceding sentence) except as otherwise expressly contemplated
by the preceding sentence. A registration shall not be counted as “effected” if, as a result of an exercise of the underwriter’s
cutback provisions in Section ‎2.3(d),
fewer than fifty percent (50%) of the total number of Registrable Securities that Holders have requested to be included in such registration
statement are actually included.

 

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(e) With
respect to a request for registration pursuant to Section 2 which is for an underwritten public offering, the managing underwriter
shall be chosen by the Majority Interest who participate in the registration, subject to the Company’s consent, which such consent
shall not be unreasonably withheld or delayed.

 

3. FORM
S-3.

 

3.1 The
Company shall use commercially reasonable efforts
to qualify and remain qualified to register securities on Form S-3 (or any comparable successor form or similar form available to foreign
issuers) under the Securities Act. For so long as the Company is qualified to register securities on Form S-3 (or any comparable successor
form or similar form available to foreign issuers), Holders of Registrable Securities then outstanding shall have the right, on one or
more occasions, to request registration on Form S-3 (or any comparable successor form or similar form available to foreign issuers) for
the Registrable Securities held by such requesting Holder or Holders anticipated to have an aggregate offering price (net of underwriting
discounts and commissions, if any) of at least U.S. $3,000,000. Such requests shall be in writing and shall state the number of shares
of Registrable Securities to be disposed of and the intended method of disposition of such shares by such Holder or Holders. The Company
shall give notice to all other Holders of Registrable Securities of the receipt of a request for registration pursuant to this Section
3 and such Holders shall then have thirty (30) days to notify the Company in writing of their desire to participate in the registration.
The Company shall use commercially reasonable efforts to effect promptly the registration of
all shares on Form S-3 (or any comparable successor form or similar form available to foreign issuers) to the extent requested by such
Holder or Holders; provided, however, the Company may postpone the filing or the effectiveness of any registration statement pursuant
to this Section 3 for a reasonable period of time, provided that such postponements shall not exceed one hundred and twenty (120)
days in the aggregate during any twelve (12) month period, if (i) the Company has been advised by legal counsel that such filing or effectiveness
would require disclosure of a material financing, acquisition or other corporate transaction, and the Board of Directors determines in
good faith that such disclosure is not in the best interests of the Company and its shareholders; or (ii) the Board of Directors determines
in good faith that there is a valid business purpose or reason for delaying filing or effectiveness. Notwithstanding the provisions of
Section 7, the Company shall not be required to pay for any registration expenses pursuant to this Section 3, if the registration
request is subsequently withdrawn at the request of the Holder(s) (in which case all selling Holders shall bear such expenses pro rata
based upon the number of Registrable Securities that were to be included in the withdrawn registration), unless the Majority Interest
who participate in the registration agree to forfeit all Holders’ right to one of their two requests for registration in such year
pursuant to Section 3, unless the withdrawal is based upon material adverse information concerning the Company of which the Holders
requesting registration were not aware at the time of such request (in which case such withdrawal shall not require any forfeiture and
the Company shall still be required to bear such expenses).

 

3.2 The
Company shall not be obligated to effect, or to take any action to effect, any registration pursuant to Section 3: (i) after the
Company has effected two registrations per year; or (ii) if within ten (10) days of receipt of a written request pursuant to this Section
3, the Company gives notice to such Holders of the Company’s intention to make a public offering within one hundred and twenty
(120) days; or (iii) if Form S-3 is not available for such offering by the Holders.

 

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3.3 If
a requested registration involves an underwritten public offering and the managing underwriter of such offering determines that the number
of securities sought to be offered should be limited due to market conditions, then the number of securities to be included in such underwritten
public offering shall be reduced to a number deemed satisfactory by such managing underwriter; provided, however, that the number of
shares that may be included in such underwritten public offering shall be allocated in the following sequence and priority: (i) first,
the securities held by Tene Funds, CI and EHIH shall be included in such registration according to the Cutbacks Ratio (as adjusted pursuant
to Section 2.3(d) above); (ii) second, and only after all securities under (i) above have been included in full, any other securities
of any other Holders may be included; and (iii) third, and only after all securities under (i) and (ii) above have been included in full,
any other securities of the Company may be included. If a reduction of the number of securities within any of the groups set forth in
clauses (i) through (ii) is required, then such reduction shall be made on a pro rata basis (based upon the aggregate number of securities
held by the Persons in such group and in any case subject to the priorities set forth in each of such clauses (i) through (ii), except
as otherwise expressly provided in the preceding sentence).

 

4. PIGGYBACK
REGISTRATION.

 

4.1 If
the Company shall propose to register any of its shares of Common Stock or securities convertible into or exchangeable or exercisable
for any of its shares of Common Stock under the Securities Act for sale to the public (whether in connection with a public offering of
securities by the Company (a “primary offering”), a public offering of securities by shareholders (a “secondary offering”),
or both (but not including pursuant to a demand under Section 2 or a registration under Section ‎3
hereof, which shall be handled
as provided therein), and except (i) with respect to registration statements on Forms S-4, S-8 or another form not available for registering
the Registrable Securities for sale to the public, or (ii) in connection with a registration effected solely to implement an employee
benefit plan or a transaction to which Rule 145 or any other similar rule of the Commission under the Securities Act is applicable),
the Company shall promptly give written notice at the applicable address of record to each Holder of Registrable Securities of its intention
to do so. Upon the written request of any of such Holder, given within thirty (30) days after receipt by such Holder of such notice,
the Company shall, subject to the limits contained in this Section 4, use its commercially reasonable efforts
to cause all such Registrable Securities of said requesting Holder to be registered under the Securities Act, all to the extent required
to permit such sale or other disposition of said Registrable Securities. The Company shall have the right to terminate or withdraw any
registration initiated by it under this Section 4 before the effective date of such registration, whether or not any Holder has
elected to include Registrable Shares in such registration. Notwithstanding the foregoing, if the Company is advised in writing in good
faith by any managing underwriter of the Company’s securities being offered in a public offering pursuant to such registration
statement that the amount to be sold by Persons other than the Company (collectively, “Selling Stockholders”)
is greater than the amount which can be offered without adversely affecting the offering, the Company may reduce the amount offered for
the accounts of Selling Stockholders (including Selling Stockholders holding Registrable Securities) to a number deemed satisfactory
by such managing underwriter. If there is a reduction of the number of Registrable Securities, then the number of shares that may be
included in such underwritten public offering shall be allocated in the following sequence and priority: (i) first, the securities held
by Tene Funds, CI and EHIH shall be included in such registration according to the Cutbacks Ratio (as adjusted pursuant to Section 2.3(d)
above); (ii) second, and only after all securities under (i) above have been included in full, any other securities of the Company may
be included. The Holders shall be entitled to participate in an unlimited number of registrations pursuant to this Section ‎4.

 

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5. REGISTRATION
PROCEDURES. If and whenever the Company is required by the provisions of this Agreement to use commercially
reasonable efforts to effect the registration of any of its securities under the Securities Act, the
Company will, as expeditiously as possible:

 

5.1 prepare
and file with the Commission a registration statement on the appropriate form under the Securities Act with respect to such securities,
which form shall comply as to form with the requirements of the applicable form and include all financial statements required by the
Commission to be filed therewith, and use commercially
reasonableefforts to cause such registration statement to become and remain effective for a period
of up to nine (9) months or, if sooner upon completion of the proposed offering;

 

5.2 prepare
and file with the Commission such amendments, post-effective amendments, and supplements to such registration statement and the prospectus
used in connection therewith as may be necessary to keep such registration statement effective as contemplated herein and to comply with
the provisions of the Securities Act with respect to the sale or other disposition of all securities covered by such registration statement
whenever the seller or sellers of such securities shall desire to sell or otherwise dispose of the same, but only to the extent provided
in this Agreement;

 

5.3 furnish
to each selling Holder of Registrable Securities and the underwriters, if any, such number of copies of such registration statement,
any amendments thereto, any documents incorporated by reference therein, the prospectus, including a preliminary prospectus, in conformity
with the requirements of the Securities Act, and such other documents as such selling Holder may reasonably request in order to facilitate
the public sale or other disposition of the securities owned by such selling Holder;

 

5.4 to
register or qualify the securities covered by such registration statement under the securities or state “blue sky” laws of
such jurisdictions as each selling Holder may reasonably request, and do any and all other acts and things which may be necessary under
such state securities or “blue sky” laws to enable such selling Holder to consummate the public sale or other disposition
in such jurisdictions of the securities owned by such selling Holder; provided that the Company shall not be required to register or
qualify the securities in any jurisdictions which require it to qualify to do business or subject itself to general service of process
therein;

 

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5.5 within
a reasonable time before each filing of the registration statement or prospectus or amendments or supplements thereto with the Commission,
furnish to counsel selected by the Holders of Registrable Securities copies of such documents proposed to be filed, which shall conform
to the requirements of the Securities Act and in good faith consider any suggested revisions thereto that may be made by such counsel;

 

5.6 immediately
notify each selling Holder of Registrable Securities, such selling Holders’ counsel and any underwriter of the happening of any
event which makes any statement made in the registration statement or related prospectus untrue, or which requires the making of any
changes in such registration statement or prospectus so that they will not contain any untrue statement of a material fact, or omit to
state any material fact required to be stated therein or necessary to make the statements therein not misleading; and thereafter, prepare
and file with the Commission and furnish a supplement or amendment to such prospectus so that, as thereafter deliverable to the purchasers
of such Registrable Securities, such prospectus will not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements therein not misleading;

 

5.7 use
commercially reasonableefforts
to prevent the issuance of any order suspending the effectiveness of a registration statement, and if one is issued immediately notify
each selling Holder of Registrable Securities of the receipt of such notice and use its commercially reasonable efforts to obtain the
withdrawal of any order suspending the effectiveness of a registration statement at the earliest possible moment;

 

5.8
make available to each selling Holder of Registrable Securities, any underwriter participating in any disposition pursuant to a registration
statement, and any attorney, accountant or other agent or representative retained by any such selling Holder or underwriter (collectively,
the “Inspectors”),
all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”),
as shall be reasonably necessary to enable them to exercise their due diligence responsibility, and cause the Company’s officers,
directors and employees to supply all information requested by any such Inspector in connection with such registration statement subject,
in each case, to such confidentiality agreements as the Company shall reasonably request;

 

5.9 in
the case of an underwritten offering, enter into any commercially reasonable underwriting agreement, in usual and customary form, required
by the proposed managing underwriter or underwriter(s) for the selling Holders of Registrable Securities, if any, and use its commercially
reasonable efforts to facilitate the public offering of the securities. Each Holder participating in
such underwriting shall also enter into and perform its obligations under such an agreement;

 

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5.10 furnish,
at the request of each selling Holder of Registrable Securities on the date that such Registrable Securities are delivered to the underwriters
for sale in connection with a registration pursuant to Sections 2, 3 and 4 hereof, if such securities are being sold through underwriters,
or, if such securities are not being sold through underwriters, on the date that the registration statement with respect to such securities
becomes effective (i) an opinion of counsel for the Company, dated the effective date of the registration statement in form and substance
as is customarily given to underwriters in an underwritten public offering, addressed to the Holders requesting registration of Registrable
Securities, and (ii) if and to the extent permitted by applicable professional standards, a “comfort” letter signed by the
independent public accountants who have certified the Company’s financial statements included in the registration statement, covering
substantially the same matters with respect to the registration statement (and the prospectus included therein) and (in the case of the
accountants’ letter) with respect to events subsequent to the date of the financial statements, as are customarily covered (at
the time of such registration) in opinions of the Company’s counsel and in accountants’ letters delivered to the underwriters
in underwritten public offerings of securities;

 

5.11 cause
the securities covered by such registration statement to be listed on the securities exchange or quoted on the quotation system on which
the similar securities issued by the Company are then listed or quoted (or, if the shares of Common Stock are not yet listed or quoted,
then on such exchange or quotation system as the selling Holders of Registrable Securities and the Company shall determine);

 

5.12 appoint
a transfer agent and registrar for all Registrable Securities covered by a registration statement not later than the effective date of
such registration statement;

 

5.13 in
connection with an underwritten offering, to the extent reasonably requested by the managing underwriter for the offering or the selling
Holders, participate in and support customary efforts to sell the securities in the offering, including, without limitation, participating
in “road shows”; and

 

5.14 otherwise
cooperate with the underwriter(s), the Commission and other regulatory agencies and take all reasonable actions and execute and deliver
or cause to be executed and delivered all documents reasonably necessary to effect the registration of any securities under this Agreement.

 

6. TERMINATION
OF REGISTRATION RIGHTS.

 

6.1 The
right of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Sections 2, ‎3
and 4 shall terminate upon:

 

(a) the
fifth anniversary of the IPO;

 

(b) as
to any Holder at such time as such Holder either no longer holds any Registrable Securities or may immediately sell all of the Registrable
Securities beneficially owned by such Holder under Rule 144 under the Securities Act, or any successor rule.

 

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7.
EXPENSES. All expenses incurred by the Company and the Holders of Registrable Securities being registered in a registration provided
for in Sections 2, 3 and 4 including, without limitation, all registration and filing fees, printing expenses, reasonable
fees and disbursements of counsel for the Company and one special Israeli counsel and one foreign counsel for the Holders of Registrable
Securities participating in such registration as a group (selected by Majority Interest who participate in the registration), expenses
of any audits incident to or required by any such registration and expenses of complying with the securities or blue sky laws of any
jurisdictions (all of such expenses referred to as “Registration
Expenses”), shall be borne and paid by the Company except (i) as otherwise explicitly excluded
in Sections 2, 3 and 4; and (ii) all share transfer taxes and underwriters discounts or commissions relating to the Registrable
Securities registered pursuant to Sections 2, 3 and 4 shall be borne and paid by the Holders of the Registrable Securities
pro rata on the basis of the number of Registrable Securities registered on their behalf.

 

8. INDEMNIFICATION.

 

8.1
To the extent permitted by law, including the Israeli law, incident to any registration statement referred to in this Agreement, and
subject to applicable law, the Company shall indemnify and hold harmless each underwriter and each Holder of Registrable Securities,
and directors, officers, employees and agents, and legal counsel and accountants, for each such Holder, and each person who controls
any of them within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (a “Controlling
Person”) who offers or sells any such Registrable Securities in connection with such registration
statement, from and against any and all losses, claims, expenses, damages or liabilities, joint or several (including any investigation,
legal and other expenses incurred in connection with, and any amount paid in settlement of, any action, suit or proceeding or any claim
asserted), as the same are incurred to which they, or any of them, may become subject under the Securities Act, the Exchange Act, other
federal or state statutory law or regulation, at common law, or otherwise, insofar as such losses, claims, expenses, damages or liabilities
(or action in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact
contained, on the effective date thereof, in any registration statement under which such securities were registered under the Securities
Act (including any preliminary prospectus or final prospectus contained therein, or any amendment or supplement thereto), (ii) any omission
or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading,
or (iii) any violation by the Company of the Securities Act, any state securities or “blue sky” laws or any rule or regulation
thereunder in connection with such registration; provided, however, that this indemnity shall not be deemed to relieve any underwriter
of any of its due diligence obligations, and provided further that the indemnity agreement contained in this Section ‎8.1
shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement
is effected without the consent of the Company, which consent shall not be unreasonably withheld. The Company shall reimburse each such
indemnified party in connection with investigating or defending any such liability as expenses in connection with the same are incurred.
The Company shall not be liable to any indemnified party, however, in any such case to the extent that any such liability arises out
of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in such registration statement,
preliminary or final prospectus, or amendment or supplement thereto in reliance upon and in conformity with information furnished in
writing to the Company by such indemnified party specifically for use therein, and the Company shall not be required to indemnify any
indemnified party against any liability arising from any untrue or misleading statement or omission contained in any preliminary prospectus
if such deficiency is corrected in the final prospectus or for any liability which arises out of the failure of any indemnified party
to deliver a prospectus as required by the Securities Act.

 

    	11

     

    

 

8.2 To
the extent permitted by law, each Holder selling Registrable Securities included in such registration being effected shall indemnify
and hold harmless each underwriter, the Company (including its directors, officers, employees and agents) legal counsel and accountants
of the Company and each person who controls any of them within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act, from and against any and all losses, claims, damages, expenses and liabilities, joint or several, to which they, or any of them,
may become subject under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, at common law, or
otherwise to the same extent provided in Section ‎‎8.1
above, insofar as such liability (or actions in respect thereof) arises out of or is based upon (i) any untrue statement or alleged untrue
statement of any material fact contained, on the effective date thereof, in any registration statement under which securities were registered
under the Securities Act at the request of such selling Holder, any preliminary prospectus or final prospectus contained therein, or
any amendment or supplement thereto, or (ii) any omission or alleged omission by such selling Holder to state therein a material fact
required to be stated therein or necessary to make the statements therein not misleading, in the case of both (i) and (ii) to the extent,
but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in such registration
statement, preliminary or final prospectus, amendment or supplement thereto in reliance upon and in conformity with information furnished
in writing to the Company by such selling Holder specifically for use therein. In no event, however, shall the liability of any selling
Holder for indemnification under this Section 8.2 in its capacity as a seller of Registrable Securities exceed (except in the
case of fraud or willful misconduct by such Holder) the amount of net proceeds to such selling Holder of the securities sold in any such
registration. Further, no selling Holder shall be required to indemnify any Person against any liability arising from any untrue or misleading
statement or omission contained in any preliminary prospectus if such deficiency is corrected in the final prospectus or for any liability
which arises out of the failure of any Person to deliver a prospectus as required by the Securities Act.

 

8.3 Promptly
after receipt by an indemnified party under this Section 8 ‎of
notice of the commencement of any action (including any governmental action) for which a party may be entitled to indemnification hereunder,
such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 8 give
the indemnifying party notice of the commencement thereof, provided that the good faith omission to notify the indemnifying party will
not relieve the indemnifying party from any liability which it may have to the indemnified party otherwise hereunder except to the extent
that such failure materially prejudiced the ability of such parties to defend against any such claim. The indemnifying party shall have
the right to participate in such action and, to the extent the indemnifying party so desires, participate jointly with any other indemnifying
party to which notice has been given, and to assume the defense thereof with counsel mutually satisfactory to the parties; provided,
however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel)
shall have the right to retain one separate counsel, with the fees and expenses to be paid by the indemnifying party, if representation
of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing
interests between such indemnified party and any other party represented by such counsel in such action.

 

    	12

     

    

 

8.4 [omitted]

 

8.5 [omitted]

 

8.6 The
indemnification provided for in this Section 8 will, subject to applicable law, remain in full force and effect regardless of
any investigation made by or on behalf of the indemnified parties or any officer, director, employee, agent or controlling person of
the indemnified parties and shall survive the completion of any offering, the termination of rights under this Agreement, the termination
of this Agreement and otherwise.

 

9. COMPLIANCE
WITH RULE 144. In the event that the Company (a) registers a class of securities under Section 12 of the Exchange Act, or (b) shall
commence to file reports under Section 13 or 15(d) of the Exchange Act, the Company will use commercially
reasonableefforts thereafter to file with the Commission such information as is required under the
Exchange Act for so long as there are Holders of Registrable Securities; and in such event, the Company shall use commercially
reasonable efforts to take all action as may be required as a condition to the availability of Rule
144 or Rule 144A under the Securities Act (or any comparable successor rules).

 

10. [RESERVED].

 

11. [RESERVED].

 

12. TRANSFERABILITY
OF REGISTRATION RIGHTS. A Holder may assign its rights under this Investors’ Rights Agreement to a transferee of all or part
of its shares, in respect to the shares which are transferred, subject to the transferee’s written agreement to be bound by this
Investors’ Rights Agreement and subject to the provisions of the Restated Certificate.

 

13. RIGHTS
WHICH MAY BE GRANTED TO SUBSEQUENT INVESTORS. Other than to transferees as contemplated by Section ‎12,
the Company shall not, without the prior written consent of the Majority Interest, (a) allow purchasers of the Company’s securities
to become a party to this Agreement, or (b) grant any other registration rights to any third parties other than subordinate piggyback
registration rights.

 

14. [RESERVED]

 

15. [RESERVED]

 

15.1 Financial
Statements, Reports, Etc. Until a Qualified IPO (as defined in the Restated Certificate), the Company shall furnish to each Eligible
Stockholder the following reports:

 

(a) Annual
Financial Statements. As soon as practicable, but in any event within ninety (90) days after the end of each fiscal year of the Company,
a consolidated audited financial statement for such year (to include its subsidiaries), including (A) a consolidated balance sheet as
of the end of such year, and (B) statements of income and of cash flows for such year.

 

    	13

     

    

 

(b) Quarterly
Financial Statements. As soon as practicable, but in any event within forty five (45) days after the end of each quarter of each
fiscal year of the Company, financial statements for such quarter, including an unaudited consolidated balance sheet of the Company as
at the end of each such period and unaudited consolidated statements of income and cash flow of the Company for the quarterly period
and from the beginning of the current fiscal year to the end of such quarterly period, setting forth in each case in comparative form
the figures for the corresponding period of the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP (except
that all such unaudited financial statements may (i) be subject to normal year-end audit adjustments and (ii) not contain all notes thereto
that may be required in accordance with GAAP);.

 

(c) Monthly
Reports. As soon as practicable, but in any event within thirty (30) days of the end of each month, an unaudited profit and loss
statement for such month, and an unaudited balance sheet as
of the end of such month, all prepared in accordance with GAAP (except that all such unaudited financial statements may (i) be subject
to normal year-end audit adjustments and (ii) not contain all notes thereto that may be required in accordance with GAAP);

 

(d) Material
Changes. Notice of any material adverse change or the commencement or threat of commencement of any material litigation or dispute.

 

(e) Other
Information. Promptly, from time to time, such other information regarding the business, prospects, financial condition, operations,
property or affairs of the Company and its subsidiaries as the Eligible
Stockholder may reasonably request.

 

If,
for any period, the Company has any subsidiary whose accounts are consolidated with those of the Company, then in respect of such period,
the financial statements delivered pursuant to the foregoing sections shall be the consolidated and consolidating financial statements
of the Company and all such consolidated subsidiaries.

 

(f) Accounting
and Financial Statements.

 

(i)
The Company shall operate books of account and shall prepare financial statements for each year, including a balance sheet as at December
31st and a profit and loss statement for the year ending on such date, as well as any additional financial statements as may be required
in accordance with US generally accepted accounting principles (“GAAP”).
The financial statements will be signed by one or more Directors on behalf of the Board of Directors. The financial statements shall
be audited by the Company’s auditor.

 

(ii) The
financial statements in respect of any year will be kept at the registered office for at least seven (7) years after such year and will
be available for inspection by members of the Board of Directors and the stockholders.

 

    	14

     

    

 

15.2 Inspection,
Consultation and Advice. Until an IPO, the Company will permit the authorized representatives of an Eligible
Stockholder or its Permitted Transferee access, not more than twice per year, during business hours
and upon reasonable coordination, to any of the properties of the Company, including its books and records, and to discuss its affairs,
finances and accounts with the Company’s officers. In addition, the Company will deliver to each Eligible Stockholder such
other information and data with respect to the Company, as an Eligible Stockholder may from
time to time reasonably request. This Section 15.2 shall not be in limitation of any rights which the Eligible Stockholder
or the directors designated by such Eligible Stockholder may
have under applicable law. Any information obtained by a member from the Company shall be subject to the provisions of Section 15.3
hereunder.

 

15.3 Confidentiality.
The Parties undertake to keep confidential and not disclose or otherwise dispose any confidential information and/or data related to
the Company and/or its subsidiaries or shareholders thereof, and not to use such confidential information except within and for the needs
of the Company (and for the Eligible Stockholders to monitor their holdings in the Company), for as long as a party is a stockholder
in the Company and for a period of three (3) years thereafter. Information related to the Company and/or its subsidiaries shall not be
deemed confidential information if such information (a) is known or becomes known to the public in general (other than as a result of
a breach of this Section 15.3 by that Party), (b) is or has been independently developed or conceived by such Party without use
of the Company’s confidential information, or (c) is or has been made known or disclosed to such Party by a third party without
a breach of any obligation of confidentiality such third party may have to the Company and/or its subsidiaries; provided, however, that
such Party may disclose confidential information (i) to its attorneys, accountants, consultants, and other professionals to the extent
necessary to obtain their services in connection with its holdings in the Company; (ii) to any prospective purchaser of any securities
from such Party if such prospective purchaser agrees to be bound by the provisions of this Section 15.3; (iii) to any Affiliate,
partner, member, shareholder, or wholly owned subsidiary of such Party in the ordinary course of business or as part of periodic reports,
provided that the disclosing member informs such receiving party that such information is confidential and directs such receiving party
to maintain the confidentiality of such information; or (iv) as may otherwise be required by law, provided that such Party notifies the
Company of such disclosure and takes reasonable steps to minimize the extent of any such required disclosure.

 

15.4
[Reserved].

 

15.5 [Reserved].

 

    	15

     

    

 

16.
Lock-Up Agreements. Each Holder hereby agree that, if requested by the managing underwriter
in connection with an IPO (under the Securities Act), such Holder shall not, without the prior consent of the managing underwriter (i)
lend, offer, pledge sell contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any
option, right or warrant to purchase or otherwise transfer or dispose of, directly or indirectly any Registrable Securities or any securities
of the Company (whether such shares or any such securities are then owned by the Holder, or are thereafter acquired), or (ii) enter into
any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Registrable
Securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Registrable Securities
or such other securities, in cash or otherwise, during the period specified by the managing underwriter (the “Market
Standoff Period”), which period shall not exceed one hundred eighty (180) days following
the effective date of the IPO; provided, that all officers and directors of the Company and holders of at least one percent (1%) of the
Company’s voting securities are bound by and have entered into similar agreements. Each Holder agrees that it will (subject to
the foregoing proviso) enter into a customary “lock-up” letter with the managing underwriter, and that any such managing
underwriter is an express third party beneficiary of this Section 15.6. [RESERVED].

 

17. Miscellaneous.

 

17.1 Successors
and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors
and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties
hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.

 

17.2 Governing
Law. This Agreement shall be governed by the internal law of the State of Delaware, without regard to conflict of law principles
that would result in the application of any law other than the law of the State of Delaware.

 

17.3 Counterparts.
This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic
signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart
so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

17.4 Titles
and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing
or interpreting this Agreement.

 

17.5 Notices.

 

(a) All
notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given upon
the earlier of actual receipt or (a) personal delivery to the party to be notified, (b) when sent, if sent by electronic mail or facsimile
during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s next business
day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one
(1) business day after the business day of deposit with a nationally recognized overnight courier, freight prepaid, specifying next business
day delivery, with written verification of receipt. All communications shall be sent to the respective parties at their address as set
forth on Schedule A hereto, or to such email address, facsimile number or address as subsequently modified by written notice given
in accordance with this Subsection 17.5 .

 

    	16

     

    

 

(b) Consent
to Electronic Notice. Each Stockholder consents to the delivery of any stockholder notice pursuant to the Delaware General Corporation
Law (the “DGCL”), as amended or superseded from time to time, by electronic transmission pursuant to Section 232 of
the DGCL (or any successor thereto) at the electronic mail address or the facsimile number set forth on the Schedules hereto, as updated
from time to time by notice to the Company, or as on the books of the Company. To the extent that any notice given by means of electronic
transmission is returned or undeliverable for any reason, the foregoing consent shall be deemed to have been revoked until a new or corrected
electronic mail address has been provided, and such attempted Electronic Notice shall be ineffective and deemed to not have been given.
Each Stockholder agrees to promptly notify the Company of any change in its electronic mail address, and that failure to do so shall
not affect the foregoing.

 

17.6 Consent
Required to Amend, Modify, Terminate or Waive.

 

(a) This
Agreement may be amended, modified or terminated and the observance of any term hereof may be waived (either generally or in a particular
instance and either retroactively or prospectively) only by a written instrument executed by (a) the Company; and (b) the holders of
more than 75% of the voting power of the then issued and outstanding capital stock (on as converted basis) voting together as a single
class.

 

(b) [Reserved].

 

The
Company shall give prompt written notice of any amendment, modification, termination, or waiver hereunder to any party that did not consent
in writing thereto. Any amendment, modification, termination, or waiver effected in accordance with this Subsection 17.6 shall
be binding on each party and all of such party’s successors and permitted assigns, whether or not any such party, successor or
assignee entered into or approved such amendment, modification, termination or waiver. For purposes of this Subsection 17.6, the
requirement of a written instrument may be satisfied in the form of an action by written consent of the Stockholders circulated by the
Company and executed by the Stockholder parties specified, whether or not such action by written consent makes explicit reference to
the terms of this Agreement.

 

17.7 Delays
or Omissions. No delay or omission to exercise any right, power or remedy accruing to any party under this Agreement, upon any breach
or default of any other party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting
party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach
or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default
previously or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of any
breach or default under this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement, must
be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement
or by law or otherwise afforded to any party, shall be cumulative and not alternative.

 

17.8 Severability.
The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.

 

    	17

     

    

 

17.9 Entire
Agreement. Upon the effectiveness of the TASE IPO, the Prior IRA shall be deemed amended and restated to read in its entirety as
set forth in this Agreement. This Agreement and the Restated Certificate constitute the full and entire understanding and agreement between
the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof
existing between the parties is expressly canceled.

 

17.10 Stock
Splits, Stock Dividends, etc. In the event of any issuance of any shares of capital stock of the Company hereafter to any of the
Stockholders (including, without limitation, in connection with any stock split, stock dividend, recapitalization, reorganization, or
the like), such shares shall become subject to this Agreement.

 

17.11
Manner of Voting. The voting of shares pursuant to this Agreement may be effected in person, by proxy, by written consent or in
any other manner permitted by applicable law. For the avoidance of doubt, voting of the shares pursuant to the Agreement need not make
explicit reference to the terms of this Agreement.

 

17.12
Further Assurances. At any time or from time to time after the date hereof, the parties agree to cooperate with each other, and
at the request of any other party, to execute and deliver any further instruments or documents and to take all such further action as
the other party may reasonably request in order to carry out the intent of the parties hereunder.

 

17.13 Dispute
Resolution

 

(a)
The parties hereto agree that any dispute or controversy arising out of, relating to, or in connection with this Agreement or the transactions
contemplated hereby (a “Dispute”) shall be arbitrated pursuant to the Delaware Rapid Arbitration Act, 10 Del. C §
5801, et seq. (the “DRAA”). The parties agree to take all steps necessary or advisable to submit any Dispute that
cannot be resolved by the parties for arbitration under the DRAA (the “Arbitration”) in accordance with this Subsection
17.13, and each party represents and warrants that it is not a “consumer” as such term is defined in 6 Del. C. §
2731. By executing this Agreement, (i) each party waives, and acknowledges and agrees that it shall be deemed to have waived, any objection
to the application of the procedures set forth in the DRAA, (ii) consents to the procedures set forth in the DRAA, and (iii) acknowledges
and agrees that it has chosen freely to waive the matters set forth in subsections (b) and (c) of Section 5803 of the DRAA. In connection
therewith, each party agrees that it will raise no objection to the submission of the Dispute to Arbitration in accordance with this
Subsection 17.13 and understands that it waives any right to lay claim to jurisdiction in any venue and any and all rights to
have the Dispute decided by a jury.

 

(b) The
Arbitration shall be conducted in accordance with the Delaware Rapid Arbitration Rules, as such Rules may be amended or changed from
time to time; provided that the parties may agree to depart from the Rules by (i) adopting new or different rules to govern the Arbitration
or (ii) modifying or rejecting the application of certain of the Rules. To be effective, any departure from the Rules shall require the
consent of the Arbitrator and shall be in writing and signed by an authorized representative of each such party.

 

(c) The
Arbitration shall take place in Wilmington, Delaware, or such other location as the parties and the Arbitrator may agree.

 

    	18

     

    

 

(d) The
Arbitration shall be presided over by one arbitrator (the “Arbitrator”) who shall be a mutually agreed upon professional
arbitrator which shall be either a lawyer or an accountant by training, according to the essence of the dispute. If the parties cannot
agree on the identity of the Arbitrator during a period of seven (7) days from the first demand by any party to appoint an Arbitrator,
the identity of the Arbitrator shall be resolved by the legal consultants of the parties, and if not successful. In the event that the
Arbitrator fails to accept appointment as Arbitrator for any reason within five (5) days of being notified of such person’s appointment
or otherwise becomes unwilling or unable to serve as arbitrator, the parties shall promptly meet and confer to identify a mutually agreeable
replacement arbitrator pursuant to the same procedure as mentioned above (the “Replacement Arbitrator”). In the event
that the parties are unable to agree upon the identity of the Arbitrator (or the Replacement Arbitrator, as applicable) within forty-five
(45) days of the commencement of the Arbitration, or the Arbitrator (or Replacement Arbitrator, as applicable) is unable or unwilling
to serve, then either party may file a petition with the Court of Chancery pursuant to Section 5805 of the DRAA.

 

(e) Each
of the parties shall, subject to such limitations as the Arbitrator may prescribe, be entitled to collect documents and testimony from
each other party, and the Arbitrator shall have the power to administer oaths and compel the production of witnesses and documents. The
Arbitrator shall have the power to issue subpoenas and commissions for the taking of documents and testimony from third parties.

 

(f) The
Arbitrator shall conduct the hearing, administer oaths, and make such rulings as are appropriate to the conduct of the proceedings. The
Arbitrator shall allow each of the parties an opportunity to present evidence and witnesses and to cross examine witnesses presented
by the opposing party.

 

(g) The
arbitral award (the “Award”) shall (i) be rendered within 120 days after the Arbitrator’s acceptance of his
or her appointment; (ii) be delivered in writing; (iii) state the reasons for the Award; (iv) be the sole and exclusive final and binding
remedy with respect to the Dispute between and among the parties without the possibility of challenge or appeal, which are hereby waived;
and (v) be accompanied by a form of judgment. The Award shall be deemed an award of the United States, the relationship between the parties
shall be deemed commercial in nature, and any Dispute arbitrated pursuant to this Subsection 17.13 shall be deemed commercial.
The Arbitrator shall have the authority to grant any equitable or legal remedies, including, without limitation, entering preliminary
or permanent injunctive relief; provided, however, that the Arbitrator shall not have the authority to award (and the parties waive the
right to seek an award of) punitive or exemplary damages.

 

(h) The
parties hereto agree that, subject to any non-waivable disclosure obligations under federal law, the Arbitration, and all matters relating
thereto or arising thereunder, including, without limitation, the existence of the Dispute, the Arbitration and all of its elements (including
any pleadings, briefs or other documents submitted or exchanged, any testimony or other oral submissions, any third-party discovery proceedings,
including any discovery obtained pursuant thereto, and any decision of the Arbitrator or Award), shall be kept strictly confidential,
and each party hereby agrees that such information shall not be disclosed beyond: (i) the Arbitrator and necessary support personnel;
(ii) the participants in the Arbitration; (iii) those assisting the parties in the preparation or presentation of the Arbitration; (iv)
other employees or agents of the parties with a need to know such information; and (v) any third parties that are subpoenaed or otherwise
provide discovery in the Arbitration proceedings, only to the extent necessary to obtain such discovery. In all events, the parties participating
in the Arbitration proceedings shall treat information pertaining to the Arbitration with the same care that they treat their most valuable
proprietary secrets. In the event that federal law imposes upon either party an obligation to disclose the fact of the Arbitration or
the nature of the claims or counterclaims asserted, such party(-ies) shall disclose no more than the minimum information required by
law after first consulting with and attempting in good faith to reach agreement with the opposing party(-ies) regarding the scope and
content of any such required disclosure.

 

    	19

     

    

 

(i) Each
party hereto shall bear its own legal fees and costs in connection with the Arbitration; provided, however, that each of (i) the Company
and (ii) the Holders involved in such Arbitration (pro rata to their holdings), shall pay one-half of any filing fees, fees and expenses
of the Arbitrator or other similar costs incurred by the parties in connection with the prosecution of the Arbitration.

 

(j) Notwithstanding
any provisions of this Agreement, or any statute protecting the confidentiality of the Arbitration and proceedings taken in connection
therewith, in the event that either party in the Arbitration (the “Respondent”) is required to defend himself, herself
or itself in response to later proceedings instituted by the other in any court, relating to matters decided in the Arbitration, such
party shall be relieved of any obligation to hold confidential the Arbitration and its proceedings in order to submit, confidentially
if and to the extent possible, sufficient information to such court to allow it to determine whether the doctrines of res judicata, collateral
estoppel, bar by judgment, or other, similar doctrines apply to such subsequent proceedings.

 

(k) Notwithstanding
anything to the contrary set forth in this Subsection 17.13, if any amendment to the Act is enacted after the date of this Agreement,
and such amendment would render any provision of this Subsection 17.13 unenforceable thereunder, such provision shall be excluded
and the remaining provisions of this Subsection 17.13 shall be enforced to the fullest extent permitted by law.

 

17.14
Costs of Enforcement. If any party to this Agreement seeks to enforce its rights under this Agreement by legal proceedings, the
non-prevailing party shall pay all costs and expenses incurred by the prevailing party, including, without limitation, all reasonable
attorneys’ fees.

 

[omitted]

 

[Remainder
of Page Intentionally Left Blank]

 

    	20

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Investors’ Rights Agreement as of the date first written above.

 

	 	Qnergy,
    Inc.
	 	 
	 	By:	 
	 	Name:	     
	 	Title:	 

 

	 	 	STOCKHOLDERS:
	 	 	 
	E.H.I
    Holding 2002 Agricultural Cooperative Association Ltd.	 	Tene
    GPL, LP
	 	 	 	 	 
	By:	 	 	By:	                         
	Name:	                                    	 	Name:	 
	Title:	 	 	Title:	 
	 	 	 	 	 
	Tene
Investment in Qnergy Limited Partnership	 	OGCI
    Climate Investments Holdings LLP
	 	 	 	 	 
	By:	Tene
    Growth Capital (Management) Ltd.	 	By:	 
	Name:	 	 	Name:	 
	Title:	 	 	Title:	 

 

Signature
Page to Investors’ Rights Agreement

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Investors’ Rights Agreement as of the date first written above.

 

	Viola
    Credit Five Fund, Limited Partnership	 
	 	 	 
	By:	 	 
	Name:	                 	 
	Title:		 

 

Signature
Page to Investors’ Rights Agreement

 

    	 

     

    

 

SCHEDULE
A

 

Stockholders

 

	Name
    of Shareholder	 	Address
    
	Tene
    GPL, L.P	 	 
	Tene
    Investment in Qnergy Limited Partnership	 	 
	E.H.I
    Holding 2002 Agricultural Cooperative Association Ltd.	 	 
	Viola
                                            Credit Five Fund, Limited Partnership(*)

     
	 	12
                                            Abba Eben Avenues

    Herzliya
    Pituach

    Israel

    Attn:
    Timor Arbel-Sadras

     

	OGCI
                                            Climate Investments Holdings LLP

     
	 	c/o
                                            OGCI Climate Investments LLP

    4th
    Floor, 25 Argyll Street

    London,
    W1F 7TS

    England

    Attention:
    General Counsel

 

(*)
in accordance with the terms of Section 7(a) of the Warrant issued by the Company to Viola on December 31, 2019 and April 21, 2021.EX-4.1

 Exhibit 4.1 

RECORDING REQUESTED BY 
 AND WHEN RECORDED MAIL TO: 

U.S. BANK NATIONAL ASSOCIATION 

633 W. FIFTH STREET, 24th FLOOR 

LOS ANGELES, CA 90071 
 ATTN:
GLOBAL CORPORATE TRUST 
 Index as a UCC Filing and an Indenture 

This is a Security Agreement and a Mortgage of Chattels 

as well as a Mortgage of Real Estate and Other Property 

SEVENTY-FIRST SUPPLEMENTAL INDENTURE 

FROM 
 SAN DIEGO
GAS & ELECTRIC COMPANY 
 TO 

U.S. BANK NATIONAL ASSOCIATION, as Trustee 

**************** 
 Dated as
of August 13, 2021 

 THIS SEVENTY-FIRST SUPPLEMENTAL INDENTURE IS A SECURITY 

AGREEMENT AND A MORTGAGE OF CHATTELS AS WELL AS 

A MORTGAGE OF REAL ESTATE AND OTHER PROPERTY 

THIS SEVENTY-FIRST SUPPLEMENTAL INDENTURE, dated as of August 13, 2021, by and between SAN DIEGO GAS & ELECTRIC COMPANY, a
corporation duly organized and existing under and by virtue of the laws of the State of California, having its principal office in that State in the City of San Diego (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a banking
association duly organized under an act known as the “National Bank Act,” of the United States of America, having a corporate trust office in the City of Los Angeles, State of California, as Trustee (the “Trustee”). 

WHEREAS, the Company executed and delivered a Mortgage and Deed of Trust (the “Original Indenture”), dated July 1, 1940,
to The Bank of California, National Association, as predecessor trustee to Bankers Trust Company of California, National Association, as predecessor trustee to First Trust of California, National Association, (subsequently renamed U.S. Bank Trust
National Association) as predecessor trustee to the Trustee, to secure payment of the principal of and the interest on all bonds of the Company at any time outstanding thereunder according to their tenor and effect, and to provide the terms and
provisions with respect to its First Mortgage Bonds, 3 3/8% Series due July 1, 1970, issued in the aggregate principal amount of $16,000,000 and heretofore retired; and 

WHEREAS, the Company executed and delivered to the then current trustee, a First Supplemental Indenture dated as of December 1, 1946, a
Second Supplemental Indenture dated as of March 1, 1948, a Third Supplemental Indenture dated as of April 1, 1952, a Fourth Supplemental Indenture dated as of April 1, 1954, a Fifth Supplemental Indenture dated as of October 1,
1955, a Sixth Supplemental Indenture dated as of October 1, 1957, a Seventh Supplemental Indenture dated as of October 1, 1960, an Eighth Supplemental Indenture dated as of March 1, 1967, a Tenth Supplemental Indenture dated as of
December 1, 1968, an Eleventh Supplemental Indenture dated as of February 1, 1970, a Twelfth Supplemental Indenture dated as of September 1, 1971, a Thirteenth Supplemental Indenture dated as of January 15, 1974, a Fourteenth
Supplemental Indenture dated as of December 15, 1974, a Fifteenth Supplemental Indenture dated as of May 1, 1975, a Seventeenth Supplemental Indenture dated as of July 15, 1976, an Eighteenth Supplemental Indenture dated as of
March 15, 1977, a Nineteenth Supplemental Indenture dated as of May 1, 1978, a Twentieth Supplemental Indenture dated as of March 15, 1980, a Twenty-First Supplemental Indenture dated as of August 1, 1980, a Twenty-Second
Supplemental Indenture dated as of July 15, 1981, a Twenty-Third Supplemental Indenture dated as of January 15, 1982, a Twenty-Fourth Supplemental Indenture dated as of August 16, 1982, a Twenty-Fifth Supplemental Indenture dated as
of August 16, 1982, a Twenty-Sixth Supplemental Indenture dated as of August 16, 1982, a Twenty-Seventh Supplemental Indenture dated as of June 1, 1983, a Twenty-Eighth Supplemental Indenture dated as of July 15, 1983, a
Twenty-Ninth Supplemental Indenture dated as of September 1, 1983, a Thirty-First Supplemental Indenture dated as of May 1, 1984, a Thirty-Second Supplemental Indenture dated as of December 1, 1984, a Thirty-Third Supplemental
Indenture dated as of September 1, 1985, a Thirty-Fourth Supplemental Indenture dated as of December 1, 1985, a Thirty-Fifth Supplemental Indenture dated as of July 1, 1986, a Thirty-Sixth Supplemental Indenture dated as of
December 1, 1986, a Thirty-Seventh Supplemental Indenture dated as of September 1, 1987, a Thirty-Eighth Supplemental Indenture dated as of April 15, 1990, a Thirty-Ninth Supplemental Indenture dated as of December 1, 1991, a
Fortieth Supplemental Indenture dated as of April 1, 1992, a Forty-First Supplemental Indenture dated as of June 15, 1992, a Forty-Second Supplemental Indenture dated as of September 1, 1992, a Forty-Third Supplemental Indenture dated
as of December 1, 1992, a Forty-Fourth Supplemental Indenture dated as of April 1, 1993, a Forty-Fifth Supplemental Indenture dated as of June 1, 1993, a Forty-Sixth Supplemental Indenture dated as of July 1, 1993, a
Forty-Seventh Supplemental Indenture dated as of June 1, 1995, a Forty-Eighth Supplemental Indenture dated as of June 1, 1995, a Forty-Ninth Supplemental Indenture dated as of June 1, 2004, a Fiftieth Supplemental Indenture dated as
of May 19, 2005, a Fifty-First Supplemental Indenture dated as of November 17, 2005, a Fifty-Second Supplemental Indenture dated as of June 8, 2006, a Fifty-Third Supplemental Indenture dated as of September 1, 2006, a
Fifty-Fourth Supplemental Indenture dated as of September 20, 2007, a Fifty-Fifth Supplemental Indenture dated as of May 14, 2009, a Fifty-Sixth Supplemental Indenture dated as of May 13, 2010, a Fifty-Seventh Supplemental Indenture
dated as of August 26, 2010, a Fifty-Eighth Supplemental Indenture dated as of August 18, 2011, a Fifty-Ninth Supplemental Indenture dated as of October 6, 2011, a Sixtieth Supplemental Indenture dated as of November 17, 2011, a
Sixty-First Supplemental Indenture dated as of March 22, 2012, a Sixty-Second Supplemental Indenture dated as of September 9, 2013, a Sixty-Third Supplemental Indenture dated as of March 12,

 
2015, a Sixty-Fourth Supplemental Indenture dated as of March 12, 2015, a Sixty-Fifth Supplemental Indenture dated May 19, 2016, a Sixty-Sixth Supplemental Indenture dated as of
June 8, 2017, a Sixty-Seventh Supplemental Indenture dated as of May 17, 2018, a Sixty-Eighth Supplemental Indenture dated as of May 31, 2019, a Sixty-Ninth Supplemental Indenture dated as of April 7, 2020 and a Seventieth
Supplemental Indenture dated as of September 28, 2020, whereby, among other things, the Company set forth certain of the particulars of the Bonds of series designated “First Mortgage Bonds, 2 3/4% Series due December 1, 1981”
issued in the aggregate principal amount of $2,800,000, “First Mortgage Bonds, Series C due 1978” issued in the aggregate principal amount of $10,000,000, “First Mortgage Bonds, Series D due 1982” issued in the aggregate
principal amount of $12,000,000, “First Mortgage Bonds, Series E due 1984” issued in the aggregate principal amount of $17,000,000, “First Mortgage Bonds, Series F due 1985” issued in the aggregate principal amount of
$18,000,000, “First Mortgage Bonds, Series G due 1987” issued in the aggregate principal amount of $12,000,000, “First Mortgage Bonds, Series H due 1990” issued in the aggregate principal amount of $30,000,000, “First
Mortgage Bonds, Series I due 1997” issued in the aggregate principal amount of $25,000,000, “First Mortgage Bonds, Series J due 1998” issued in the aggregate principal amount of $35,000,000, “First Mortgage Bonds, Series K due
2000” issued in the aggregate principal amount of $40,000,000, “First Mortgage Boards, Series L due 2001” issued in the aggregate principal amount of $45,000,000, “First Mortgage Bonds, Series M due 2004” issued in the
aggregate principal amount of $75,000,000, “First Mortgage Bonds, Series N due 1979” issued in the aggregate principal amount of $50,000,000, “First Mortgage Bonds, Series O due 1982” issued in the aggregate principal amount of
$40,000,000, “First Mortgage Bonds, Series P due 2006” issued in the aggregate principal amount of $45,000,000, “First Mortgage Bonds, Series Q due 2007” issued in the aggregate principal amount of $50,000,000, “First
Mortgage Bonds, Series R due 2008” issued in the aggregate principal amount of $50,000,000, “First Mortgage Bonds, Series S due 2010” issued in the aggregate principal amount of $50,000,000, “First Mortgage Bonds, Series T due
2010” issued in the aggregate principal amount of $75,000,000, “First Mortgage Bonds, Series U-1 due 1984, and U-2 due 1994” issued in the aggregate
principal amount of $6,567,000 for Series U-1 and $13,268,000 for Series U-2, “First Mortgage Bonds, Series V due 2011” issued in the aggregate amount of
$50,000,000, “First Mortgage Bonds, Series W due 1988” issued in the aggregate principal amount of $40,000,000, “First Mortgage Bonds, Series X due 1987” issued in the aggregate principal amount of $20,000,000, “First
Mortgage Bonds, Series Y due 1987” issued in the aggregate principal amount of $15,000,000, “First Mortgage Bonds, Series Z, due 2013” issued in the aggregate principal amount of $65,000,000, “First Mortgage Bonds, Series AA, due
2018” issued in the aggregate principal amount of $150,000,000, “First Mortgage Bonds, Series BB, due 2018” issued in the aggregate principal amount of $150,000,000, “First Mortgage Bonds, Series CC, due 2008” issued in the
aggregate principal amount of $53,000,000, “First Mortgage Bonds Series DD, due 2008” issued in the aggregate principal amount of $27,000,000, “First Mortgage Bonds, Series EE, due 2015” issued in the aggregate principal amount
of $100,000,000, “First Mortgage Bonds, Series FF, due 2007” issued in the aggregate principal amount of $35,000,000, “First Mortgage Bonds, Series GG, due 2021” issued in the aggregate principal amount of $44,250,000,
“First Mortgage Bonds, Series HH, due 2021” issued in the aggregate principal amount of $81,350,000, “First Mortgage Bonds, Series II due 2023” issued in the aggregate principal amount of $25,000,000, “First Mortgage Bonds,
Series JJ, due 2015” issued in the aggregate principal amount of $100,000,000, “First Mortgage Bonds, Series KK, due 2015” issued in the aggregate principal amount of $14,400,000, “First Mortgage Bonds, Series LL, due 2022”
issued in the aggregate principal amount of $60,000,000, “First Mortgage Bonds, Series MM due 2002” issued in the aggregate principal amount of $80,000,000, “First Mortgage Bonds, Series NN” issued in the aggregate principal
amount of $118,615,000, “First Mortgage Bonds, Series OO due 2027” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series PP, due 2018” issued in the aggregate principal amount of $70,795,000,
“First Mortgage Bonds, Series QQ, due 2018” issued in the aggregate principal amount of $14,915,000, “First Mortgage Bonds, Series RR, due 2021” issued in the aggregate principal amount of $60,000,000, “First Mortgage Bonds,
Series SS, due 2018” issued in the aggregate principal amount of $92,945,000, “First Mortgage Bonds, Series TT due 2020” issued in the aggregate principal amount of $57,650,000, “First Mortgage Bonds, Series UU due 2020”
issued in the aggregate principal amount of $16,700,000, “First Mortgage Bonds, Series VV due 2034” issued in the aggregate principal amount of $43,615,000, “First Mortgage Bonds, Series WW due 2034” issued in the aggregate
principal amount of $40,000,000, “First Mortgage Bonds, Series XX due 2034” issued in the aggregate principal amount of $35,000,000, “First Mortgage Bonds, Series YY due 2034” issued in the aggregate principal amount of
$24,000,000, “First Mortgage Bonds, Series ZZ due 2034” issued in the aggregate principal amount of $33,650,000, “First Mortgage Bonds, Series AAA due 2039” issued in the aggregate principal amount of $75,000,000, “First
Mortgage Bonds, Series BBB due 2035” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series CCC due 2015” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series
DDD due 2026” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series EEE due 2018” issued in the aggregate principal amount of $161,240,000, “First Mortgage Bonds, Series FFF due 2037” issued
in the aggregate principal amount of 

  
 2 

 
$250,000,000, “First Mortgage Bonds, Series GGG due 2039” issued in the aggregate principal amount of $300,000,000, “First Mortgage Bonds, Series HHH due 2040” issued in the
aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series III due 2040” issued in the aggregate principal amount of $500,000,000, “First Mortgage Bonds, Series JJJ due 2021” issued in the aggregate principal
amount of $350,000,000, “First Mortgage Bonds, Series LLL due 2041” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series MMM due 2042” issued in the aggregate principal amount of $250,000,000,
“First Mortgage Bonds, Series NNN due 2023” issued in the aggregate principal amount of $450,000,000, “Floating Rate First Mortgage Bonds, Series OOO due 2017” issued in the aggregate principal amount of $140,000,000,
“Amortizing First Mortgage Bonds, Series PPP due 2022” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series QQQ due 2026” issued in the aggregate principal amount of $500,000,000, “First
Mortgage Bonds, Series RRR due 2047” issued in the aggregate principal amount of $400,000,000, “First Mortgage Bonds, Series SSS due 2048” issued in the aggregate principal amount of $400,000,000, “First Mortgage Bonds, Series
TTT due 2049” issued in the aggregate principal amount of $400,000,000, “First Mortgage Bonds, Series UUU due 2050” issued in the aggregate principal amount of $400,000,000 and “First Mortgage Bonds, Series VVV due 2030”
issued in the aggregate principal amount of $800,000,000, respectively, all of which First Mortgage Bonds have heretofore been retired or redeemed, except the Series BBB due 2035, the Series DDD due 2026, the Series FFF due 2037, the Series GGG due
2039, the Series HHH due 2040, the Series III due 2040, the Series JJJ due 2021, the Series LLL due 2041, the Series MMM due 2042, the Series NNN due 2023, the Series PPP due 2022, the Series QQQ due 2026, the Series RRR due 2047, the Series SSS due
2048, the Series TTT due 2049, the Series UUU due 2050 and the Series VVV due 2030, which are presently issued and outstanding; and 

WHEREAS, certain of the provisions of the Original Indenture have been amended by the aforesaid Second and Tenth Supplemental Indentures, a
Ninth Supplemental Indenture dated as of August 1, 1968 and a Sixteenth Supplemental Indenture dated August 28, 1975; and 

WHEREAS, the Original Indenture and each of said Supplemental Indentures have been recorded in the Official Records of the Recorders of the
Counties of San Diego, Orange, Riverside, and Imperial in the State of California, the Counties of Yuma and Maricopa in the State of Arizona and the County of Clark in the State of Nevada, as follows: 

 

											
	 	  	 	  	 Counties of

	 Document
	  	 Official

Records
	  	 San Diego
	  	 Orange
	  	 Riverside
	  	 Imperial

		  	Book	  	1087	  	1062	  	1765	  	1369
	Original	  	Page	  	1	  	300	  	364	  	232
	Indenture	  	Date	  	Oct. 10, 1940	  	Oct. 10, 1940	  	July 13, 1955	  	Nov. 22, 1974
						
	First	  	Book	  	2321	  	1506	  	1765	  	1369
	Supplemental	  	Page	  	48	  	472	  	499	  	332
	Indenture	  	Date	  	Jan. 2, 1947	  	Jan. 9, 1947	  	July 13, 1955	  	Nov. 22, 1974
						
	Second	  	Book	  	2537	  	1616	  	1765	  	1369
	Supplemental	  	Page	  	363	  	190	  	448	  	343
	Indenture	  	Date	  	Mar. 16, 1948	  	Mar. 15, 1948	  	July 13, 1955	  	Nov. 22, 1974
						
	Third	  	Book	  	4424	  	2311	  	1765	  	1369
	Supplemental	  	Page	  	535	  	116	  	475	  	370
	Indenture	  	Date	  	Apr. 3, 1952	  	Apr. 3, 1952	  	July 13, 1955	  	Nov. 22, 1974
						
	Fourth	  	Book	  	5193	  	2701	  	1765	  	1369
	Supplemental	  	Page	  	217	  	153	  	336	  	409
	Indenture	  	Date	  	Apr. 2, 1954	  	Apr. 2, 1954	  	July 13, 1955	  	Nov. 22, 1974
						
	Fifth	  	Book	  	5893	  	3304	  	1829	  	2369
	Supplemental	  	Page	  	291	  	205	  	3	  	456
	Indenture	  	Date	  	Dec. 5, 1955	  	Dec. 5, 1955	  	Dec. 5, 1955	  	Nov. 22, 1974
						
	Sixth	  	Book	  	6829	  	4099	  	2175	  	1369
	Supplemental	  	Page	  	390	  	109	  	538	  	492
	Indenture	  	Date	  	Nov. 12, 1957	  	Nov. 12, 1957	  	Nov. 12, 1957	  	Nov. 22, 1974

  
 3 

											
	 	  	 	  	 Counties of

	 Document
	  	 Official

Records
	  	 San Diego
	  	 Orange
	  	 Riverside
	  	 Imperial

	Seventh	  	Book	  	1960 Series 1	  	5455	  	2780	  	1369
	Supplemental	  	Page	  	File No. 202061	  	385	  	3	  	541
	Indenture	  	Date	  	Oct. 10, 1960	  	Oct. 10, 1960	  	Oct. 10, 1960	  	Nov. 22, 1974
						
	Eighth	  	Book	  	1967 Series 8	  	8197	  	Endorsement	  	1369
	Supplemental	  	Page	  	File No. 33860	  	129	  	No. 20925	  	618
	Indenture	  	Date	  	Mar. 13, 1967	  	Mar. 13, 1967	  	Mar. 13, 1967	  	Nov. 22, 1974
						
	Ninth	  	Book	  	1968 Series 9	  	8691	  		  	1369
	Supplemental	  	Page	  		  	69	  		  	694
	Indenture	  	Doc. No.	  	138926	  	9816	  	78781	  	
		  	Date	  	Aug. 14, 1968	  	Aug. 14, 1968	  	Aug. 14, 1968	  	Nov. 22, 1974
						
	Tenth	  	Book	  	1968 Series 9	  	8810	  	Endorsement	  	1369
	Supplemental	  	Page	  		  	375	  	No. 119982	  	706
	Indenture	  	Doc. No.	  	215131	  		  		  	
		  	Date	  	Dec. 9, 1968	  	Dec. 9, 1968	  	Dec. 9, 1968	  	Nov. 22, 1974
						
	Eleventh	  	Book	  	1970	  	9217	  	Endorsement	  	1369
	Supplemental	  	Page	  		  	516	  	No. 14780	  	725
	Indenture	  	Doc. No.	  	27782	  		  		  	
		  	Date	  	Feb. 16, 1970	  	Feb. 16, 1970	  	Feb. 16, 1970	  	Nov. 22, 1974
						
	Twelfth	  	Book	  	File/Page	  	9810	  	Endorsement	  	1369
	Supplemental	  	Page	  	No. 212688	  	539	  	No. 106508	  	744
	Indenture	  	Date	  	Sept. 20, 1971	  	Sept. 20, 1971	  	Sept. 20, 1971	  	Nov. 22, 1974
						
	Thirteenth	  	Book	  	File/Page	  	11055	  	Endorsement	  	1369
	Supplemental	  	Page	  	No. 74-006878	  	1	  	No. 3853	  	763
	Indenture	  	Date	  	Jan. 10, 1974	  	Jan. 10, 1974	  	Jan. 10, 1974	  	Nov. 22, 1974
						
	Fourteenth	  	Book	  	File/Page	  	11303	  	Endorsement	  	1369
	Supplemental	  	Page	  	No. 74-322156	  	458	  	No. 157219	  	1689
	Indenture	  	Date	  	Dec. 11, 1974	  	Dec. 11, 1974	  	Dec. 11, 1974	  	Dec. 11, 1974
						
	Fifteenth	  	Book	  	File/Page	  	11395	  	Instrument	  	1374
	Supplemental	  	Page	  	No. 755-108612	  	1879	  	No. 52617	  	809
	Indenture	  	Date	  	May 7, 1975	  	May 7, 1975	  	May 7, 1975	  	May 7, 1975
						
	Sixteenth	  	Book	  	File/Page	  	11500	  	Instrument	  	1378
	Supplemental	  	Page	  	No. 75-235624	  	1620	  	No. 107732	  	952
	Indenture	  	Date	  	Sept. 2, 1975	  	Sept. 2, 1975	  	Sept. 3, 1975	  	Sept. 2, 1975
						
	Seventeenth	  	Book	  	File/Page	  	11815	  	Instrument	  	1389
	Supplemental	  	Page	  	No. 76-224493	  	640	  	No. 103484	  	687
	Indenture	  	Date	  	July 16, 1976	  	July 16, 1976	  	July 16, 1976	  	July 16, 1976
						
	Eighteenth	  	Book	  	File/Page	  	12110	  	Instrument	  	1398
	Supplemental	  	Page	  	No. 77-100483	  	58	  	No. 45619	  	1675
	Indenture	  	Date	  	Mar. 18, 1977	  	Mar. 18, 1977	  	Mar. 18, 1977	  	Mar. 18, 1977
						
	Nineteenth	  	Book	  	File/Page	  	12672	  	Instrument	  	1415
	Supplemental	  	Page	  	No. 78-194210	  	1803-1822	  	No. 94450	  	1638
	Indenture	  	Date	  	May 12, 1978	  	May 12, 1978	  	May 12, 1978	  	May 12, 1978
						
	Twentieth	  	Book	  	File/Page	  	13530	  	Instrument	  	1448
	Supplemental	  	Page	  	No. 80-082569	  	722	  	No. 47195	  	1221
	Indenture	  	Date	  	Mar. 11, 1980	  	Mar. 11,1980	  	Mar. 11, 1980	  	Mar. 11, 1980

  
 4 

											
	 	  	 	  	 Counties of

	 Document
	  	 Official

Records
	  	 San Diego
	  	 Orange
	  	 Riverside
	  	 Imperial

	Twenty-First	  	Book	  	File/Page	  	13687	  	Instrument	  	1455
	Supplemental	  	Page	  	No. 80-245100	  	349	  	No. 139349	  	1660
	Indenture	  	Date	  	Aug. 1, 1980	  	Aug. 1, 1980	  	Aug. 1, 1980	  	Aug. 1, 1980
						
	Twenty-Second	  	Book	  	File/Page	  	Instrument	  	Instrument	  	1472
	Supplemental	  	Page	  	No. 81-22576	  	No. 24605	  	No. 135815	  	508
	Indenture	  	Date	  	July 17, 1981	  	July 17, 1981	  	July 17, 1981	  	July 17, 1981
						
	Twenty-Third	  	Book	  	File/Page	  	Instrument	  	Instrument	  	1479
	Supplemental	  	Page	  	No. 82-02387	  	No. 82-031423	  	No. 16093	  	1714
	Indenture	  	Date	  	Jan. 27, 1982	  	Jan. 27, 1982	  	Jan. 27, 1982	  	Jan. 27, 1982
						
	Twenty-Fourth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1489
	Supplemental	  	Page	  	No. 82-257258	  	No. 82-291894	  	No. 82/143370212	  	
	Indenture	  	Date	  	Aug. 19, 1982	  	Aug. 19, 1982	  	Aug. 19, 1982	  	Aug. 19, 1982
						
	Twenty-Fifth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1489
	Supplemental	  	Page	  	No. 82-257259	  	No. 82-291895	  	No. 82-143371	  	236
	Indenture	  	Date	  	Aug. 19, 1982	  	Aug. 19, 1982	  	Aug. 19, 1982	  	Aug. 19, 1982
						
	Twenty-Sixth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1489
	Supplemental	  	Page	  	No. 82-257260	  	No. 82-291896	  	No. 82/143372260	  	
	Indenture	  	Date	  	Aug. 19, 1982	  	Aug. 19, 1982	  	Aug. 19, 1982	  	Aug. 19, 1982
						
	Twenty-Seventh	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1503
	Supplemental	  	Page	  	No. 83-200545	  	No. 83-253901	  	No. 118670	  	743
	Indenture	  	Date	  	June 15, 1983	  	June 15, 1983	  	June 15, 1983	  	June 15, 1983
						
	Twenty-Eighth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1505
	Supplemental	  	Page	  	No. 83-252396	  	No. 83-316224	  	No. 147671	  	583
	Indenture	  	Date	  	July 22, 1983	  	July 22, 1983	  	July 22, 1983	  	July 22, 1983
						
	Twenty-Ninth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1508
	Supplemental	  	Page	  	No. 83-339007	  	No. 83-417956	  	194083	  	1425
	Indenture	  	Date	  	Sept. 22, 1983	  	Sept. 22, 1983	  	Sept. 22, 1983	  	Sept. 22, 1983
					
	 	  	 	  	 Counties of
	  	 	  	 
	 	  	 Official

Records
	  	 Yuma
	  	 Maricopa
	  	 	  	 
	Thirtieth	  		  		  		  		  	
	Supplemental	  		  		  		  		  	
	Indenture	  	Book	  	Docket 1352	  	File No.	  		  	
	Consisting of	  	Page	  	272-1002	  	83-399354	  		  	
	Original and	  	Book	  	Docket 1353	  		  		  	
	Twenty-Nine	  	Page	  	1-264	  		  		  	
	Supplemental	  	Date	  	Sept. 28, 1983	  	Oct. 3, 1983	  		  	
	Indentures thereto	  		  		  		  		  	

  

															
	 	  	 	  	 Counties of

	 Document
	  	 Official

Records
	  	 San Diego
	  	 Orange
	  	 Riverside
	  	 Imperial
	  	 Yuma
	  	 Maricopa

	Thirty-First	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1520	  	Docket	  	File No.
	Supplemental	  	Page	  	84-161897	  	84-180870	  	92011	  	1552	  	1382	  	84-186813
	Indenture	  	Date	  	5/2/84	  	5/2/84	  	5/2/84	  	4/30/84	  	743-761	  	5/2/84
		  		  		  	4/30/84	  		  		  		  	

  
 5 

															
	 	  	 	  	 Counties of

	 Document
	  	 Official

Records
	  	 San Diego
	  	 Orange
	  	 Riverside
	  	 Imperial
	  	 Yuma
	  	 Maricopa

	Thirty-Second	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1533	  	Docket	  	File No.
	Supplemental	  	Page	  	84-466428	  	84-517843	  	267452	  	753	  	1413	  	84-537706
	 Indenture
	  	Date	  	12/14/84	  	12/14/84	  	12/14/84	  	12/14/84	  	216-235	  	12/14/84
		  		  		  		  		  		  	12/14/84	  	
								
	Thirty-Third	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1546	  	Docket	  	File No.
	Supplemental	  	Page	  	85-323210	  	85-333505	  	198810	  	708	  	1450	  	85-418309
	Indenture	  	Date	  	9/4/85	  	9/4/85	  	9/4/85	  	9/4/85	  	816	  	9/4/85
		  		  		  		  		  		  	9/4/85	  	
								
	Thirty-Fourth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1550	  	Docket	  	File No.
	Supplemental	  	Page	  	85-42465	  	85-481794	  	270136	  	1573	  	1463	  	85-568874
	Indenture	  	Date	  	12/2/85	  	12/2/85	  	12/2/85	  	12/3/85	  	215	  	12/2/85
		  		  		  		  		  		  	12/3/85	  	
								
	Thirty-Fifth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1562	  	Docket	  	File No.
	Supplemental	  	Page	  	86-279922	  	86-290957	  	158161	  	549	  	1491	  	86-347412
	Indenture	  	Date	  	7/8/86	  	7/8/86	  	7/8/86	  	7/8/86	  	639-657	  	7/8/86
		  		  		  		  		  		  	7/8/86	  	
								
	Thirty-Sixth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1571	  	Docket	  	File/Page
	Supplemental	  	Page	  	86-576027	  	86-606666	  	314771	  	240	  	1512	  	86-680502
	Indenture	  	Date	  	12/10/86	  	12/10/86	  	12/10/86	  	12/10/86	  	5-24	  	12/10/86
		  		  		  		  		  		  	12/10/86	  	
								
	Thirty-	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1588	  	Docket	  	File/Page
	Seventh	  	Page	  	87-532270	  	87-530266	  	273181	  	844	  	1555	  	87-585903
	Supplemental	  	Date	  	9/21/87	  	9/21/87	  	9/21/87	  	9/21/87	  	844	  	9/21/87
	Indenture	  		  		  		  		  		  	9/21/87	  	
								
	Thirty-Eighth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1646	  	Docket	  	File/Page
	Supplemental	  	Page	  	90-217585	  	90-212277	  	146794	  	1280	  	1686	  	90-176460
	Indenture	  	Date	  	4/23/90	  	4/23/90	  	4/23/90	  	4/23/90	  	92-120	  	4/23/90
		  		  		  		  		  		  	4/23/90	  	
								
	Thirty-Ninth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	1687	  	Docket	  	File/Page
	Supplemental	  	Page	  	91-632073	  	91-674397	  	425578	  	743	  	1771	  	91-0574751
	Indenture	  	Date	  	12/09/91	  	12/09/91	  	12/09/91	  	12/09/91	  	711-728	  	12/09/91
		  		  		  		  		  		  	12/09/91	  	
								
	Fortieth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	92-185636	  	92-202372	  	115201	  	92-06577	  	1790	  	92-0169646
	Indenture	  	Date	  	4/1/92	  	4/1/92	  	4/1/92	  	4/1/92	  	954-970	  	4/1/92
		  		  		  		  		  		  	4/1/92	  	
								
	Forty-First	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	92-0363471	  	92-393790	  	214904	  	92-011833	  	1804	  	92-0317072
	Indenture	  	Date	  	6/11/92	  	6/11/92	  	6/11/92	  	6/11/92	  	73-88	  	6/11/92
		  		  		  		  		  		  	6/11/92	  	
								
	Forty-Second	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	92-0650893	  	92-692066	  	384167	  	92-21988	  	1824	  	92-0575062
	Indenture	  	Date	  	10/13/92	  	10/13/92	  	10/13/92	  	10/13/92	  	670-689	  	10/13/92
		  		  		  		  		  		  	10/13/92	  	
								
	Forty-Third	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	92-0788665	  	92-845626	  	471625	  	92-27082	  	1834	  	92-0700568
	Indenture	  	Date	  	12/9/92	  	12/10/92	  	12/10/92	  	12/9/92	  	187-206	  	12/9/92
		  		  		  		  		  		  	12/9/92	  	

  
 6 

															
	 	  	 	  	 Counties of

	 Document
	  	 Official

Records
	  	 San Diego
	  	 Orange
	  	 Riverside
	  	 Imperial
	  	 Yuma
	  	 Maricopa

	Forty-Fourth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	93-0257065	  	93-0277892	  	153382	  	93-009487	  	1859 Fee 09300	  	93-0246725
	Indenture	  	Date	  	4/27/93	  	4/27/93	  	4/27/93	  	4/27/93	  	4/27/93	  	4/26/93
								
	Forty-Fifth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	93-0395609	  	93-0420127	  	239922	  	93-14224	  	Fee 14413	  	93-0403060
	Indenture	  	Date	  	6/23/93	  	6/23/93	  	6/23/93	  	6/23/93	  	6/23/93	  	6/23/93
								
	Forty-Sixth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	93-0474705	  	93-0496100	  	288868	  	93-17399	  	Fee 17163	  	93-0487598
	Indenture	  	Date	  	7/26/93	  	7/26/93	  	7/27/93	  	7/27/93	  	7/27/93	  	7/27/93
								
	Forty-Seventh	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	95-0230457	  	95-0232951	  	175604	  	95-11739	  	246-264	  	95-0313576
	Indenture	  	Date	  	6/01/95	  	6/01/95	  	6/01/95	  	6/01/95	  	6/01/95	  	6/01/95
								
	Forty-Eighth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	95-0230458	  	95-0232952	  	175605	  	95-11740	  	265-284	  	95-0313577
	Indenture	  	Date	  	6/01/95	  	6/01/95	  	6/01/95	  	6/01/95	  	6/01/95	  	6/01/95
								
	Forty-Ninth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	05-00384477	  	04-683110	  	04-0766976	  	04-021901	  	04-29663	  	04-941699
	Indenture	  	Date	  	1/14/05	  	7/28/04	  	9/28/04	  	7/15/04	  	8/16/04	  	8/13/04
								
	Fiftieth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	20050441722	  	2005000405730	  	20050145832	  	019964	  	200522373	  	20050711918
	Indenture	  	Date	  	5/25/05	  	5/26/05	  	5/25/05	  	5/25/05	  	5/25/05	  	5/27/05
								
	Fifty-First	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	20051016267	  	2005000945695	  	20050981667	  	2006005449	  	200553032	  	20051852692
	Indenture	  	Date	  	11/23/05	  	11/28/05	  	11/29/05	  	1/30/06	  	12/2/05	  	12/7/05
								
	Fifty-Second	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	2006-0413693	  	2006000404447	  	2006-0422620	  	2006-032418	  	2006-23999	  	2006-0802735
	Indenture	  	Date	  	6/12/06	  	6/16/06	  	6/12/06	  	7/11/06	  	6/12/06	  	6/14/06
								
	Fifty-Third	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	2006-0683713	  	2006000643109	  	713252	  	06-46145	  	2006-39635	  	20061310143
	Indenture	  	Date	  	9/26/06	  	9/27/06	  	9/27/06	  	9/28/06	  	9/29/06	  	10/3/06
								
	Fifty-Fourth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	2007-0625504	  	2007000581227	  	2007-0600369	  	2007-036497	  	2007-33238	  	2007-1062404
	Indenture	  	Date	  	9/25/07	  	9/25/07	  	9/25/07	  	9/25/07	  	9/25/07	  	9/26/07
								
	Fifty-Fifth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	2009-0320954	  	2009000305886	  	2009-0311041	  	2009-017587	  	16744	  	20090542104
	Indenture	  	Date	  	6/12/09	  	6/12/09	  	6/18/09	  	6/12/09	  	6/15/09	  	6/15/09
								
	Fifty-Sixth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	2010-0252569	  	2010000239342	  	2010-0235807	  	2010-012850	  	2010-12687	  	20100431348
	Indenture	  	Date	  	5/20/10	  	5/21/10	  	5/21/10	  	5/21/10	  	5/21/10	  	5/21/10

  
 7 

															
	 	  	 	  	 Counties of

	 Document
	  	 Official

Records
	  	 San Diego
	  	 Orange
	  	 Riverside
	  	 Imperial
	  	 Yuma
	  	 Maricopa

	Fifty-Seventh	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	2010-0490784	  	2010000458947	  	2010-0443991	  	2010-023359	  	2010-22669	  	20100800415
	Indenture	  	Date	  	9/16/10	  	9/16/10	  	9/16/10	  	9/16/10	  	9/16/10	  	9/16/10
								
	Fifty-Eighth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	2011-0503399	  	2011000478379	  	2011-0432021	  	2011-023234	  	2011-21920	  	20110802020
	Indenture	  	Date	  	09/28/11	  	09/28/11	  	09/29/11	  	09/28/11	  	09/28/11	  	09/28/11

  

													
	 Document
	  	 Official

Records
	  	 County of Clark
	  	 	  	 	  	 
	 Fifty-Ninth
 Supplemental

Indenture
 including the

Original
 Indenture and

fifty-eight prior
 supplemental

indentures
 thereto
	  	 Book
 Page

Date
	  	 File/Page
 201110120001817

10/12/11
	  		  		  	

  

																	
	 	  	 	  	 Counties of

	 Document
	  	 Official

Records
	  	 Clark
	  	 San

Diego
	  	 Orange
	  	 Riverside
	  	 Imperial
	  	 Yuma
	  	 Maricopa

	Sixtieth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	201112010001775	  	2011-0643662	  	2011000611302	  	2011-0529988	  	2011-028759	  	2011-26889	  	20110993917
	Indenture	  	Date	  	12/1/2011	  	12/1/11	  	12/1/11	  	12/1/11	  	12/1/11	  	12/1/11	  	12/1/11
									
	Sixty-First	  	Book	  	File/Page	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	20120410 000789	  	2012-0207656	  	20120020 0917	  	2012-0163282	  	2012-007887	  	2012-08966	  	20120296804
	Indenture	  	Date	  	4/10/12	  	4/10/12	  	4/10/12	  	4/10/12	  	4/10/12	  	4/10/12	  	4/10/12
									
	Sixty-Second	  	Book	  	File/Page	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	201309300001532	  	2013-0592759	  	2013000559137	  	0466671	  	2013022171	  	2013-26910	  	20130866250
	Indenture	  	Date	  	9/30/13	  	9/30/13	  	9/30/13	  	9/26/13	  	9/26/13	  	9/30/13	  	9/30/13
									
	Sixty-Third	  	Book	  	File/Page	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	20150318-0000267	  	2015-0125062	  	2015000137709	  	2015-0105656	  	2015005389	  	2015-06017	  	2015-0308470
	Indenture	  	Date	  	3/18/2015	  	3/18/2015	  	3/18/15	  	3/17/2015	  	3/20/2015	  	3/20/2015	  	5/01/15
									
	Sixty-Fourth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	20150318-0000268	  	2015-0125063	  	2015000137710	  	2015-0105657	  	2015005397	  	2015-06018	  	2015-0308471
	Indenture	  	Date	  	3/18/2015	  	3/18/2015	  	3/18/2015	  	3/17/2015	  	3/20/15	  	3/20/2015	  	5/01/15
									
	Sixty-Fifth	  	Book	  	File/Page	  	File/Page	  	File/Page	  	File/Page	  	Book/Page	  	Docket	  	File/Page
	Supplemental	  	Page	  	20160525-0000179	  	2016-0255036	  	2016000231993	  	2016-0218234	  	2016010377	  	2016-12517	  	2016-0355233
	Indenture	  	Date	  	5/25/2016	  	5/25/2016	  	5/24/2016	  	5/27/2016	  	6/1/2016	  	5/25/2016	  	5/24/2016

  
 8 

																	
	 	  	 	  	 Counties of

	 Document
	  	 Official

Records
	  	 Clark
	  	 San

Diego
	  	 Orange
	  	 Riverside
	  	 Imperial
	  	 Yuma
	  	 Maricopa

	Sixty-Sixth Supplemental Indenture	  	 Book
 Page

Date
	  	 File/Page

20170612-0000678

6/12/2017
	  	 File/Page

2017-0261951

6/12/2017
	  	 File/Page
 2017000238610

6/12/2017
	  	 File/Page

2017-0233575

6/12/2017
	  	 Book/Page
 2017013517

6/15/2017
	  	 Docket

2017-15226

6/14/2017
	  	 File/Page

2017-0429520

6/13/2017

									
	Sixty-Seventh Supplemental Indenture	  	 Book
 Page

Date
	  	 File/Page

20180522-0000994

5/22/2018
	  	 File/Page

2018-0206641

5/22/2018
	  	 File/Page
 2018000188655

5/23/2018
	  	 File/Page

2018-0203756

5/22/2018
	  	 Book/Page
 2018009579

5/29/2018
	  	 Docket

2018-15182

6/12/2018
	  	 File/Page

2018-0390726

5/22/2018

									
	Sixty-Eighth Supplemental Indenture	  	 Book
 Page

Date
	  	 File/Page

20190604-0001990

6/4/2019
	  	 File/Page

2019-0213646

6/4/2019
	  	 File/Page
 2019000192899

6/5/2019
	  	 File/Page

2019-0212524

6/13/2019
	  	 Book/Page
 2019009987

6/7/2019
	  	 Docket

2019-14196

6/4/2019
	  	 File/Page

2019-0414851

6/4/2019

									
	Sixty-Ninth Supplemental Indenture	  	 Book
 Page

Date
	  	 File/Page

20200416-0001114

4/16/2020
	  	 File/Page

2020-0180371

4/8/2020
	  	 File/Page
 2020000160646

4/9/2020
	  	 File/Page

2020-0218763

5/22/2020
	  	 Book/Page
 2020006709

4/9/2020
	  	 Docket

2020-11190

4/13/2020
	  	 File/Page
 20200313674

4/13/2020

									
	Seventieth Supplemental Indenture	  	 Book
 Page

Date
	  	 File/Page

20200930-0002895

9/30/2020
	  	 File/Page

2020-0585299

9/30/2020
	  	 File/Page
 2020000535597

9/30/2020
	  	 File/Page

2020-0464141

9/29/2020
	  	 Book/Page
 2020018059

10/6/2020
	  	 Docket

2020-29556

9/29/2020
	  	 File/Page

2020-0950240

10/6/2020

 WHEREAS, the Board of Directors of the Company has duly authorized the creation of an additional series of
bonds to be designated “Green First Mortgage Bonds, Series WWW, due 2051,” as hereinafter set forth in this Seventy-First Supplemental Indenture; and 

WHEREAS, the execution and delivery of this Seventy-First Supplemental Indenture has been duly authorized by resolution of the Board of
Directors of the Company; and 
 WHEREAS, all the conditions and requirements necessary to make this Seventy-First Supplemental Indenture a
valid, binding and legal instrument in accordance with its terms and for the purposes herein expressed have been performed and fulfilled and the execution and delivery hereof have been in all respects duly authorized. 

NOW, THEREFORE, in order further to secure the payment of the principal of and premium, if any, and interest on all of the bonds of the
Company at any time outstanding under the Original Indenture, as heretofore amended and supplemented, as amended and supplemented by this Seventy-First Supplemental Indenture and as the same may from time to time be further amended and supplemented
(the “Indenture”) and to secure the performance and observance of each and every of the covenants, conditions and agreements of the Indenture, as from time to time amended and supplemented, and for and in consideration of the
premises, and of the sum of One Dollar ($1.00) to the Company duly paid by the Trustee (the receipt whereof is hereby acknowledged), the Company has executed and delivered this Seventy-First Supplemental Indenture and has granted, bargained, sold,
warranted, released, conveyed, assigned, transferred, mortgaged, pledged, hypothecated, granted a security interest in, set over and confirmed, and by these presents does grant, bargain, sell, warrant, release, convey, assign, transfer, mortgage,
pledge, hypothecate, grant a security interest in, set over and confirm unto U.S. Bank National Association, as Trustee, and to its respective successors in said trust forever, with power of sale, all property, real, personal and mixed, now owned or
hereafter acquired or to be acquired by the Company, and wheresoever situated (except such property as is expressly excepted or excluded from the lien and security interest of the Indenture, and property of a successor corporation or corporations
excluded from the lien and security interest thereof by the provisions of Section 3 of Article XIV thereof) subject to the rights reserved by the Company in and by other provisions of the Indenture, including in the property subject and

  
 9 

 
to be subject to the lien and security interest thereof and hereof (without in any manner limiting or impairing by the enumeration of the same the scope and intent of the foregoing or of any
general description contained in the Original Indenture or in this or any other supplemental indenture) all lands, rights-of-way, other land rights, flowage and other
water rights, power houses, dams, reservoirs, docks, roads, and buildings, structures and other land improvements; steam, and other electric generating plants, including buildings and other structures, turbines, generators, exciters, boilers and
other boiler plant equipment, condensing equipment, and all auxiliary equipment; stations and substations; electric transmission and distribution systems, including structures, poles, towers, fixtures, conduits, insulators, wires, cables,
transformers, services and meters; steam heating plants and systems, including mains and equipment; gas plants, transmission and distribution systems, including pipe lines, structures, tanks, mains, compressor stations, purifier stations, pressure
holders, governors, services and meters; communication systems, office, shop and other buildings and structures, and equipment; apparatus and equipment and materials and supplies of all other kinds and descriptions; and all municipal and other
franchises, leaseholds, licenses, permits, and privileges; 
 TOGETHER WITH all and singular the tenements, hereditaments and appurtenances
belonging or in any wise appertaining to the aforesaid property or any part thereof with the reversion and reversions, remainder and remainders, tolls, rents and revenues, issues, income, proceeds, product and profits thereof, and all the estate,
right, title and interest and claim whatsoever, at law as well as in equity, which the Company now has or may hereafter acquire in and to the aforesaid property and franchises and every part and parcel thereof (except such property as is expressly
excepted or excluded from the lien and security interest of the Indenture, and property of a successor corporation or corporations excluded from the lien and security thereof by the provisions of Section 3 of Article XIV thereof), subject to
the rights reserved by the Company in and by other provisions of the Indenture; 
 It is hereby agreed by the Company that, except as
aforesaid, all the property, rights, and franchises acquired by the Company after the date hereof shall be as fully embraced within the lien and security interest hereof as if such property were now owned by the Company and were specifically
described herein and conveyed and a security interest therein granted hereby; 
 SAVING AND EXCEPTING, HOWEVER, anything to the contrary
notwithstanding contained herein or in the granting clauses of the Original Indenture and said Supplemental Indentures (a) such property described or referred to in any of such granting clauses as has been from time to time, released or sold
free from the lien and security interest of the Original Indenture (or the Original Indenture, as supplemented) in accordance and compliance with the provisions thereof (or of the Original Indenture, as supplemented, as the case may be), and
(b) all of the following property (whether now owned by the Company or hereafter acquired by it): (1) all gas, electric energy and steam produced, purchased or otherwise acquired; (2) all contracts, choses in action, shares of stock,
bonds, notes, evidences of indebtedness, and other securities, other than any of the foregoing which may be required to be deposited from time to time with the Trustee in accordance with the provisions of the Indenture or are required by some
express provision thereof to be deposited with the Trustee; (3) merchandise and appliances at any time acquired for the purpose of sale or lease to customers and others and contracts for the sale of merchandise and appliances; (4) motor
vehicles; (5) timber on land owned by the Company; (6) minerals or mineral rights in lands owned by the Company; (7) oil, coal or gas, or oil, coal or gas rights in land owned by the Company or gas wells or oil wells or equipment
therefor or coal mines or equipment therefor; (8) fuel and other personal property which are consumable in their use in the operation of the properties of the Company; (9) bills and accounts receivable; (10) cash on hand and in banks
other than such cash as may be deposited from time to time with the Trustee in accordance with the provisions of the Indenture or as is required by some express provision thereof to be deposited with the Trustee; and (11) the last day of the
term of each leasehold estate now or hereafter enjoyed by the Company. The Company may, however, expressly subject to the lien and security interest and operation of the Original Indenture and all indentures supplemental thereto all or any part of
the property of the character described in clause (b) of this paragraph; 
 TO HAVE AND TO HOLD all said properties, real, personal and
mixed, mortgaged, pledged, or conveyed and in which a security interest has been granted by the Company as aforesaid, or intended so to be, unto the Trustee and its successors and assigns forever, subject, however, to Permitted Liens as defined in
the Indenture; 
 IN TRUST NEVERTHELESS, for the equal pro rata benefit and security as provided in the Original Indenture and all
indentures supplemental thereto of all and every of the bonds issued and to be issued in accordance with the provisions of the Original Indenture and all indentures supplemental thereto, without preference, priority or distinction as to lien or
security interest of any over the others by reason of priority in time of the issue, negotiation or maturity thereof, subject, however, to the provisions of the Original Indenture and all indentures supplemental thereto relating to any sinking fund
or similar fund for the benefit of the bonds of any particular series; 

  
 10 

 The Company does further covenant and agree with the Trustee as follows: 

ARTICLE I 
 SERIES WWW
BONDS 
 Section 1: There is hereby created, for issuance under the Original Indenture as supplemented by the
said Supplemental Indentures (including this Seventy-First Supplemental Indenture), a series of bonds designated Series WWW, due 2051, each of which shall bear the descriptive title “Green First Mortgage Bonds, Series WWW, due 2051”
(herein sometimes referred to as “Series WWW Bonds”), and the form thereof shall contain suitable provisions with respect to the matters hereinafter in this Section specified. The Series WWW Bonds shall mature on August 15,
2051 and shall be issued in denominations of $1,000 and integral multiples thereof as the Company may from time to time execute and deliver. The Series WWW Bonds shall bear interest at the rate and from the date, shall mature as to principal, and
shall be payable as to principal and premium, if any, and interest at such place or places and in such money, all as provided in the form of Series WWW Bond set forth on Exhibit A hereto (the “Form of Bond”) and by the
applicable provisions of the Indenture. In addition, August 13, 2021 shall be an interest payment date for the Series WWW Bonds for purposes of Section 9 of Article II of the Indenture, provided that no interest shall be payable on
such date. The principal and premium, if any, and interest on the Series WWW Bonds shall be payable at the office or agency maintained by the Company for such purpose (initially the corporate trust office of the Trustee) in the City and County of
Los Angeles, State of California and, if Series WWW Bonds are issued in definitive certificated form under the circumstances set forth in clause (2) of Section 4 of this Article I, at the office or agency maintained by the Company for such
purpose in the Borough of Manhattan, City and County of New York, State of New York. The Series WWW Bonds shall be dated as in Section 9 of Article II of the Indenture provided with respect to registered bonds without coupons. 

The Series WWW Bonds shall further be redeemable, exchangeable, transferable and otherwise have the terms set forth in the Form of Bond. 

The Series WWW Bonds shall otherwise be of such terms, provisions, tenor and form as provided in this Seventy-First Supplemental Indenture.

 Section 2: The Series WWW Bonds shall be executed, authenticated and delivered in accordance with the
provisions and shall be entitled to the protection and security of the Original Indenture, as supplemented by this Seventy-First Supplemental Indenture and the other supplemental indentures, and shall be subject to all of the terms, conditions and
covenants and limitations thereof. The aggregate principal amount of the Series WWW Bonds, which may be executed by the Company and authenticated and delivered by the Trustee and secured by the Indenture as from time to time in effect, is limited
only to the extent provided in Section 1 of Article II of the Original Indenture. The Company has authorized the issuance and sale on the date hereof of $750,000,000 aggregate principal amount of Series WWW Bonds. The Company may, from time to
time, without notice to or the consent of the registered holders of the Series WWW Bonds but upon and subject to the terms and provisions of the Indenture, increase the principal amount of the Series WWW Bonds under the Indenture and issue such
increased principal amount, or any portion thereof. Any additional Series WWW Bonds so issued shall have the same form and terms (other than offering price, the date of original issuance and, under certain circumstances, the date from which interest
thereon shall begin to accrue and the first Interest Payment Date (as defined below)) as the Series WWW Bonds previously issued and shall form a single series of bonds under the Indenture with the previously issued Series WWW Bonds. 

Section 3: The Series WWW Bonds shall be issued only as fully registered bonds without coupons. The fully registered
bonds without coupons and the certificate of authentication to be endorsed on all Series WWW Bonds shall be substantially in the form set forth on the Form of Bond. In addition, the Series WWW Bonds may be issuable in whole or in part in the form of
one or more securities that evidence all or part of the bonds of such series and are registered in the name of a depositary (as defined below) or a nominee thereof for such series (each, a “Global Security”) and, in such case, the
Board of Directors of the Company (or an authorized officer designated by the Board of Directors of the Company) shall appoint a clearing agency registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
designated to act as depositary (a “depositary”) for such Global Securities; the initial depositary so appointed is The Depository Trust Company. The definitive Series WWW Bonds shall be numbered in such manner as the Company shall
at any time or from time to time determine. 

  
 11 

 Section 4: In the event Series WWW Bonds are issued as Global
Securities the following provisions, in addition to the provisions of the Indenture, shall apply: 
 (1)    Each
Global Security authenticated under the Indenture shall be registered in the name of the depositary designated for such Global Security or a nominee thereof and delivered to such depositary or a nominee thereof or custodian therefor, and each such
Global Security shall constitute a single Series WWW Bond for all purposes of this Supplemental Indenture. 

(2)    Notwithstanding any other provision in this Supplemental Indenture, no Global Security may be exchanged in
whole or in part for Series WWW Bonds registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any person other than the depositary for such Global Security or a nominee thereof unless (A) such
depositary has notified the Company that it is unwilling or unable to continue as depositary for the Global Security or Global Securities, as the case may be, representing the Series WWW Bonds and a successor depositary has not been appointed by the
Company within 90 days of receipt by the Company of such notification, (B) if at any time the depositary ceases to be a clearing agency registered under the Exchange Act at a time when the depositary is required to be so registered to act as
such depositary and no successor depositary shall have been appointed by the Company within 90 days after it became aware of the depositary’s ceasing to be so registered, (C) the Company, in its sole discretion, executes and delivers to
the Trustee a written order signed in the name of the Company by its Chairman of the Board, its President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary to the effect that the Global
Securities of such series shall be exchangeable as described below, or (D) a “completed default” (as defined in the Indenture) has occurred and is continuing with respect to the Series WWW Bonds. If any of the events described in
clauses (A) through (D) of the preceding sentence occur, the beneficial owners of interests in such Global Securities will be entitled to exchange those interests for definitive Series WWW Bonds and, without unnecessary delay but in any event
not later than the earliest date on which those interests may be so exchanged, the Company will prepare and deliver to the Trustee definitive Series WWW Bonds in such form and denominations as are required by or pursuant to the Indenture, and in an
aggregate principal amount equal to the aggregate principal amount of such Global Securities, such bonds to be duly executed by the Company. On or after the earliest date on which such beneficial interests may be so exchanged, such Global Securities
shall be surrendered from time to time by the depositary as shall be specified in the order from the Company with respect thereto (which the Company agrees to deliver) to the Trustee, as the Company’s agent for such purpose, and in accordance
with any instructions given to the Trustee and the depositary by the Company (which instructions shall be in writing but need not be contained in or accompanied by an officers’ certificate or be accompanied by an opinion of counsel), to be
exchanged, in whole or in part, for definitive Series WWW Bonds as described above without charge. The Trustee shall authenticate and make available for delivery, in exchange for each portion of each surrendered Global Security, a like aggregate
principal amount of definitive Series WWW Bonds of authorized denominations as the portion of such Global Security to be exchanged. Promptly following any such exchange in part, such Global Security shall be returned by the Trustee to such
depositary or its custodian. If a definitive Series WWW Bond is issued in exchange for any portion of a Global Security after the close of business at the place where such exchange occurs on or after (i) any regular record date for a regularly
scheduled interest payment date (an “Interest Payment Date”) for such bond and before the opening of business at that place of exchange on such Interest Payment Date, or (ii) any special record date for the payment of interest
for such bond which was not punctually paid or duly provided for on any Interest Payment Date (“Defaulted Interest”) and before the opening of business at such place of exchange on the related proposed date for the payment of such
Defaulted Interest, as the case may be, interest shall not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such definitive bond, but shall be payable on the Interest Payment Date or proposed
date for payment, as the case may be, only to the person to whom interest in respect of such portion of such Global Security shall be payable in accordance with the provisions of the Indenture and the Series WWW Bonds. 

(3)    Subject to Clause (2) above, any exchange or transfer of a Global Security for other Series WWW Bonds
may be made in whole or in part, and all definitive Series WWW Bonds issued in exchange for or upon transfer of a Global Security or any portion thereof shall be registered in such names as the depositary for such Global Security shall direct. 

  
 12 

 (4)    Every Series WWW Bond authenticated and delivered upon
registration of transfer of, or in exchange for or in lieu of, a Global Security or any portion thereof, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such bond is registered in the name of a person
other than the depositary for such Global Security or a nominee thereof. 
 (5)    Every Global Security
authenticated and delivered hereunder shall bear a legend in substantially the following form: 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF
THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY OTHER PERSON IS
WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN. 
 Section 5: The Series WWW Bonds may
contain or have imprinted thereon such provisions or specifications not inconsistent with the Indenture as may be required to comply with the rules of any stock exchange or any federal or state authority or commission, or to comply with usage with
respect thereto, and may bear such other appropriate endorsements or notations as are authorized or permitted by the Indenture. 

Section 6: In the manner and subject to certain conditions and limitations specified herein and in the Indenture,
Series WWW Bonds may be exchanged without a service charge for a like aggregate principal amount of such Series WWW Bonds of other authorized denomination or denominations; provided that the Company may require payment of a sum or sums sufficient to
reimburse it for any stamp tax or other governmental charge payable in connection therewith. 
 Section 7: The
Company shall maintain in the City and County of Los Angeles, State of California, and in such other place or places as the Company may designate at any time or from time to time, an office or agency where Series WWW Bonds, including Series WWW
Bonds issued in definitive certificated form, may be presented for payment, registration, transfer and exchange as provided therein or in the Indenture. Without limitation to the foregoing, if Series WWW Bonds are issued in definitive certificated
form under the circumstances set forth in clause (2) of Section 4 of this Article I, the Company shall also maintain in the Borough of Manhattan, City and County of New York, State of New York, an office or agency where Series WWW Bonds,
including Series WWW Bonds issued in definitive certificated form, may be presented for payment, registration, transfer and exchange as provided therein or in the Indenture. Such office or agency in the City and County of Los Angeles, State of
California, and any such office or agency in the Borough of Manhattan, City and County of New York, State of New York, shall be a corporate trust office of the Trustee unless and until the Company shall designate another office or agency by notice
in writing delivered to the Trustee. 
 Section 8: No transfer or exchange of any Series WWW Bonds pursuant to any
of the provisions of this Article I shall be made except upon and in accordance with all of the applicable terms, provisions and conditions of said bonds and of the Indenture. 

ARTICLE II 

MISCELLANEOUS PROVISIONS 

Section 1: This instrument is executed and shall be construed as an indenture supplemental to the Original Indenture
and shall form a part thereof and, as supplemented by this Seventy-First Supplemental Indenture, the Original Indenture as heretofore supplemented and amended is hereby confirmed. 

Section 2: All terms used in this Seventy-First Supplemental Indenture shall be taken to have meaning as in the
Original Indenture, as heretofore supplemented and amended, except terms which may be otherwise expressly defined herein and in cases where the context clearly indicates otherwise. 

  
 13 

 Section 3: In order to facilitate the filing of this Seventy-First
Supplemental Indenture, the same may be executed in several counterparts, each of which, when so executed, shall be deemed to be an original, but such counterparts shall constitute but one and the same instrument. 

Section 4: All of the covenants, stipulations, promises and agreements in this Seventy-First Supplemental Indenture
by or on behalf of the Company shall bind its successors and assigns, whether so expressed or not. 
 Section 5:
To the extent any provision in this Seventy-First Supplemental Indenture conflicts with any provision in the Indenture, the provisions of this Seventy-First Supplemental Indenture shall govern; provided, however, that in the event such
conflict would require bondholder consent, the terms and provisions of the Indenture shall govern. 
 Section 6:
The Original Indenture, as heretofore amended and supplemented, insofar as it applies to the Series WWW Bonds, this Seventy-First Supplemental Indenture and the Series WWW Bonds shall be governed by and construed in accordance with the laws of the
State of California, without regard (to the extent permitted by applicable law) to conflicts of laws principles thereof; provided, that, notwithstanding the foregoing, the creation, perfection and enforcement of any mortgage or lien on real
property or improvements thereon or fixtures attached thereto under the Original Indenture, as heretofore amended and supplemented, insofar as it applies to the Series WWW Bonds, or this Seventy-First Supplemental Indenture shall be governed by and
construed in accordance with the laws of the State where such real property or improvements thereon or fixtures attached thereto, as the case may be, are located, without regard (to the extent permitted by applicable law) to conflicts of laws
principles thereof. 
 Section 7: The words “execution,” “signed,” “signature,” and
words of like import in this Seventy-First Supplemental Indenture or in any instruments, agreements, certificates, legal opinions, negative assurance letters or other documents entered into or delivered pursuant to or in connection with this
Seventy-First Supplemental Indenture shall include (subject to the provisions set forth in the last sentence of this Section 7) images of manually executed signatures transmitted by facsimile, email or other electronic format (including,
without limitation, “pdf,” “tif” or “jpg”) and electronic signatures (including, without limitation, DocuSign and AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any
contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system
to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including, without limitation,
any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code. Without limitation to the foregoing, and anything in this Seventy-First Supplemental Indenture to the contrary notwithstanding, except as set forth in the
proviso to this sentence, (a) this Seventy-First Supplemental Indenture and any other instruments, agreements, certificates, legal opinions, negative assurance letters or other documents entered into or delivered pursuant to or in connection
with this Seventy-First Supplemental Indenture may be executed, attested and transmitted by any of the foregoing electronic means and formats and (b) all references in this Seventy-First Supplemental Indenture to the execution, attestation or
authentication of any bond of this series (including any Global Security) or any certificate of authentication appearing on or attached to any such bond by means of a manual or facsimile signature shall be deemed to include signatures that are made
or transmitted by any of the foregoing electronic means or formats; provided that, notwithstanding the foregoing, this Seventy-First Supplemental Indenture may not be executed or attested by the parties hereto by DocuSign, AdobeSign or other
electronic signature, and no Series WWW Bond (including, without limitation, any Global Security) and no certificate of authentication on any Series WWW Bond (including, without limitation, any Global Security) may be executed by DocuSign, AdobeSign
or other electronic signature and each certificate of authentication must be executed by the Trustee by manual signature of an authorized signatory. 

{Signature Page Follows} 

  
 14 

 IN WITNESS WHEREOF, SAN DIEGO GAS & ELECTRIC COMPANY has caused this Seventy-First
Supplemental Indenture to be signed in its name and behalf by its duly authorized officer and its corporate seal to be hereunto affixed duly attested by its Secretary or one of its Assistant Secretaries, and U.S. BANK NATIONAL ASSOCIATION, to
evidence its acceptance of the trusts hereby created, has caused this Seventy-First Supplemental Indenture to be signed in its name and behalf by its duly authorized officer as of the day and year first above written. 

 

			
	SAN DIEGO GAS & ELECTRIC COMPANY
		
	By:	 	 /s/ Bruce A.
Folkmann                                      

	Name:	 	Bruce A. Folkmann
	Title:	 	President and Chief Financial Officer

  

			
	(CORPORATE SEAL)
	
	Attest:
		
	By:	 	 /s/ April R.
Robinson                                    

	Name:	 	April R. Robinson
	Title:	 	Corporate Secretary

  

			
	U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE
		
	By:	 	 /s/ Fonda
Hall                                         
           

	Name:	 	Fonda Hall
	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
	  	)
	 	  	)     ss
	 COUNTY OF SAN DIEGO
	  	)

 On August 11, 2021, before me, Leslie C. French, a Notary Public, personally appeared BRUCE A. FOLKMANN
and APRIL R. ROBINSON, who proved to me on the basis of satisfactory evidence to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that by their
signatures on the instrument the persons, or the entity upon behalf of which the persons 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/ Leslie C. French

	SIGNATURE OF NOTARY PUBLIC

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
	  	)
	 	  	)     ss
	 COUNTY OF LOS ANGELES
	  	)

 On August 12, 2021, before me, Lisa R. Perez, a Notary Public, personally appeared FONDA HALL, of U.S.
BANK NATIONAL ASSOCIATION, 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 he/she executed the same in his/her authorized capacity, and that by
his/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/ Lisa R. Perez

	 SIGNATURE OF NOTARY PUBLIC

 EXHIBIT A 

FORM OF BOND 

(Attached) 

 [If this bond is issued as a global security, insert the following legend: THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS
SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY OTHER PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN.] 
 SAN DIEGO
GAS & ELECTRIC COMPANY 
 (INCORPORATED UNDER THE LAWS OF THE STATE OF CALIFORNIA) 

2.950% GREEN FIRST MORTGAGE BOND, 

SERIES WWW, DUE 2051 
  

			
	 No.
                    
	  	$            

 CUSIP No. 797440 CA0 

ISIN No. US797440CA05 
 SAN DIEGO GAS &
ELECTRIC COMPANY, a corporation organized and existing under the laws of the State of California (hereinafter called the “Company”, which term shall include any successor corporation, as defined in the Indenture referred to on the
reverse hereof), for value received, hereby promises to pay to                     , or registered assigns, the principal sum
of        dollars in lawful money of the United States of America, on August 15, 2051, and to pay interest thereon from August 13, 2021, or from the most recent date to which interest has been paid
or duly provided for on the Series WWW Bonds (as defined on the reverse hereof), at the rate of 2.950% per annum in like lawful money, payable semi-annually in arrears, on February 15 and August 15 (each, an “Interest Payment
Date”) in each year, commencing February 15, 2022, to the person in whose name this bond (as defined on the reverse hereof) is registered at the close of business on the immediately preceding February 1 and August 1,
respectively, until the Company’s obligation with respect to the payment of such principal (and premium, if any) shall be discharged as provided in the Indenture hereinafter mentioned. The principal of (and premium, if any) and interest on this
bond will be paid at the office or agency maintained by the Company for that purpose (initially the corporate trust office of the Trustee (as defined on the reverse hereof)) in the City and County of Los Angeles, State of California and, if Series
WWW Bonds are issued in definitive certificated form under the circumstances set forth in clause (2) of Section 4 of Article I of the Seventy-First Supplemental Indenture (as defined on the reverse hereof), at the office or agency
maintained by the Company for such purpose in the Borough of Manhattan, City and County of New York, State of New York. Notwithstanding the foregoing, so long as the registered holder of this bond is a depositary (as defined in the Seventy-First
Supplemental Indenture) or its nominee, payment of the principal of and premium, if any, and interest on this bond will be made by wire transfer of immediately available funds; and, if the Series WWW Bonds are issued in definitive certificated form
under the circumstances set forth in clause (2) of Section 4 of Article I of the Seventy-First Supplemental Indenture, the Company may at its option pay interest on the Series WWW Bonds in definitive certificated form by check mailed to
the addresses of the persons entitled to payment or by wire transfer to bank accounts in the United States designated in writing to the Trustee at least 15 days before the applicable Interest Payment Date by the persons entitled to such payment.

 The provisions of this bond are continued on the reverse hereof and such continued provisions shall for all purposes have the same effect
as though fully set forth at this place. 
 This bond shall not be valid or become obligatory for any purpose unless and until U.S. BANK
NATIONAL ASSOCIATION, as Trustee under the Indenture, or its successor thereunder, shall have signed the certificate of authentication endorsed hereon. 

  
 A-1 

 IN WITNESS WHEREOF, SAN DIEGO GAS & ELECTRIC COMPANY has caused this instrument to
be executed in its name by the signature or facsimile signature of its President or any Vice President and its corporate seal or a facsimile thereof to be hereto affixed and attested by the signature or facsimile signature of its Secretary or any
Assistant Secretary. 
  

							
	Dated:                                   
                                         
           	 		 	SAN DIEGO GAS & ELECTRIC COMPANY
				
		 		 	By:	 	
                     
                                        

		 		 	Name:	 	
		 		 	Title:	 	
				
	(CORPORATE SEAL)	 		 		 	
				
	Attest:	 		 		 	
				
	                                      
                                         
                  	 		 		 	
	Name:	 		 		 	
	Title:	 		 		 	

  
 A-2 

 [REVERSE SIDE OF 2.950% GREEN FIRST MORTGAGE BOND, SERIES WWW, DUE 2051] 

This bond is one of a duly authorized issue of bonds of the Company, known as its First Mortgage Bonds, of the series and designation
indicated on the face hereof (the “Series WWW Bonds”), all issued and to be issued under and equally secured by a Mortgage and Deed of Trust dated July 1, 1940, and indentures supplemental thereto, including the Seventy-First
Supplemental Indenture (the “Seventy-First Supplemental Indenture”) dated as of August 13, 2021 (which Mortgage and Deed of Trust, as so amended and supplemented and as the same may be further amended or supplemented from time
to time, is herein called the “Indenture”), executed by the Company to U.S. Bank National Association, as successor trustee (herein called, together with its successors in such capacity, the “Trustee”), to which
Indenture reference is hereby made for a description of the property mortgaged, pledged, hypothecated and in which a security interest was granted, the nature and extent of the security, the rights of the holders of the Series WWW Bonds as to such
security, and the terms and conditions upon which the Series WWW Bonds may be issued under the Indenture and are secured. The principal hereof may be declared or may become due on the conditions, in the manner and at the time set forth in the
Indenture, upon the happening of a completed default (as defined in the Indenture) as in the Indenture provided. This Series WWW Bond is one of a series of Series WWW Bonds and is sometimes referred to as “this bond.” 

Interest on the Series WWW Bonds will be calculated on the basis of a 360-day year consisting of
twelve 30-day months. 
 With the consent of the Company and to the extent permitted by and as
provided in the Indenture, the rights and obligations of the Company or of the holders of the Series WWW Bonds, or the terms and provisions of the Indenture or of any indentures supplemental thereto, may be modified or altered by the affirmative
vote of the holders of the percentage of principal amount of bonds required by the Indenture; provided, however, that without the consent of the holder hereof no such modification or alteration shall permit, among other things, the reduction
of the principal or premium, if any, or the extension of the maturity of the principal of this bond, or the reduction of the rate of interest hereon, or any other modification of the terms of payment of such principal or premium, if any, or
interest. 
 The Company, the Trustee, any paying agent, any registrar, and any depositary may deem and treat the person in whose name this
bond is registered as the absolute owner hereof for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest hereon and for all other purposes and shall not be affected by any notice to the
contrary. 
 Prior to February 15, 2051 (the “Par Call Date”), the Company may at the Company’s option redeem the
Series WWW Bonds, at any time in whole or from time to time in part, at a redemption price for any redemption date equal to the greater of the following amounts: (a) 100% of the principal amount of the Series WWW Bonds being redeemed on that
redemption date; or (b) the sum of the present values of the remaining scheduled payments of principal and interest on the Series WWW Bonds being redeemed on that redemption date (not including any portion of any payments of accrued and unpaid
interest to that redemption date) that would be due if the Series WWW Bonds matured, and accrued and unpaid interest was payable, on the Par Call Date, discounted to that redemption date on a semiannual basis at the Adjusted Treasury Rate (as
defined below) plus 15 basis points, as determined by the Independent Investment Banker (as defined below), plus, in each case, accrued and unpaid interest on the Series WWW Bonds being redeemed to that redemption date. On and after the Par Call
Date, the Company may at the Company’s option redeem the Series WWW Bonds, at any time in whole or from time to time in part, at a redemption price equal to 100% of the principal amount of the Series WWW Bonds being redeemed, plus accrued and
unpaid interest on the Series WWW Bonds being redeemed to the redemption date. Notwithstanding the foregoing, installments of interest on Series WWW Bonds that are due and payable on any Interest Payment Date falling on or prior to a redemption date
will be payable on that Interest Payment Date to the registered holders of such Series WWW Bonds as of the close of business on the relevant record date according to the terms of the Series WWW Bonds and the Indenture. The redemption price will, if
applicable, be calculated on the basis of a 360-day year consisting of twelve 30-day months. 

Notice of any redemption will be mailed at least 30 days, but not more than 60 days, before the applicable redemption date to each registered
holder of the Series WWW Bonds to be redeemed. Once notice of redemption is mailed, the Series WWW Bonds called for redemption will become due and payable on the redemption date and at the applicable redemption price, plus accrued and unpaid
interest to the redemption date, provided that the Company may rescind any notice of redemption by notice given not less than five days prior to the proposed redemption date. Redemption will not be conditional upon receipt by the Trustee of monies
sufficient to pay the redemption price. 

  
 A-3 

 Unless the Company defaults in payment of the redemption price, on and after the redemption
date interest will cease to accrue on the Series WWW Bonds or portions thereof called for redemption. The Company will pay the redemption price and any accrued interest once the Series WWW Bonds are surrendered for redemption. If only a portion of
any Series WWW Bonds is redeemed, the Trustee will deliver new Series WWW Bonds for the remaining portion without charge. 

“Adjusted Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semiannual equivalent
yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. 

“Comparable Treasury Issue” means, with respect to any redemption date, the United States Treasury security selected by the
Independent Investment Banker as having a maturity comparable to the remaining term of the Series WWW Bonds to be redeemed on such redemption date (assuming the Series WWW Bonds matured on the Par Call Date) that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Series WWW Bonds (assuming the Series WWW Bonds matured on the Par Call Date).

 “Comparable Treasury Price” means, with respect to any redemption date, (A) the average of the Reference Treasury
Dealer Quotations for such redemption date, or (B) if only one Reference Treasury Dealer Quotation is received, such quotation. 

“Independent Investment Banker” means, with respect to any redemption date, one of the Reference Treasury Dealers appointed
by the Company to act as the “Independent Investment Banker.” 
 “Reference Treasury Dealer Quotation” means,
with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted
in writing to the Company by such Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third business day preceding such redemption date. As used in the preceding sentence, “business day” means any day (other than a
Saturday or Sunday) on which banking institutions in The City of New York are not authorized or obligated by law or executive order to remain closed. 

“Reference Treasury Dealers” means, with respect to any redemption date, (A) Mizuho Securities USA LLC, Citigroup Global
Markets Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC (or their respective affiliates which are Primary Treasury Dealers (as defined below)), or their respective successors, as applicable, provided, however, that if any of the
foregoing shall cease to be a primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer; (B) one Primary Treasury Dealer selected
by Credit Agricole Securities (USA) Inc. or its successor, as applicable; and (C) any other Primary Treasury Dealer(s) selected by the Company. 

In the event that the Company elects to redeem only a portion of the outstanding Series WWW Bonds, (a) the Series WWW Bonds to be
redeemed shall be selected as provided in the Indenture and, in the case of Series WWW Bonds represented by a Global Security (as defined in the Seventy-First Supplemental Indenture), in accordance with the procedures of The Depository Trust Company
(or its successor as depositary) and (b) in the case of any Series WWW Bond being redeemed in part, the principal amount redeemed must be $1,000 or an integral multiple of $1,000 and the remaining principal amount must be an authorized
denomination. 
 As more fully provided in and subject to the provisions of the Indenture, the Company will redeem the Series WWW Bonds in
the event of the sale, release, taking by eminent domain or purchase by public authority of property constituting or including all or substantially all of the electric distribution system of the Company in the City of San Diego, all as more fully
provided in the second paragraph of Section 13 of Article XI of the Indenture, in which event 

  
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the Company will redeem Series WWW Bonds (in the principal amount determined pursuant to the second paragraph of Section 13 of Article XI of the Indenture) at a redemption price equal to
100% of the principal amount of the Series WWW Bonds being redeemed, plus accrued and unpaid interest on the Series WWW Bonds being redeemed to the applicable redemption date. 

This bond is transferable as prescribed in the Indenture by the registered owner hereof in person, or by his duly authorized attorney, at the
office or agency maintained by the Company for that purpose (initially the corporate trust office of the Trustee) in the City and County of Los Angeles, State of California, and, if Series WWW Bonds are issued in definitive certificated form under
the circumstances set forth in clause (2) of Section 4 of Article I of the Seventy-First Supplemental Indenture, at the office or agency maintained by the Company for such purpose in the Borough of Manhattan, City and County of New York,
State of New York, upon surrender and cancellation of this bond and thereupon a new registered bond or bonds of the same series of authorized denominations and of a like aggregate principal amount, will be issued to the transferee in exchange
herefor as provided in the Indenture, upon payment of any tax or taxes or other governmental charges required to be paid by the Company by reason of such transfer. 

The registered owner of any Series WWW Bond, at the option of such holder, may surrender the same, accompanied by a written instrument of
transfer in form approved by the Company duly executed by the registered owner, at the office or agency maintained by the Company for that purpose (initially the corporate trust office of the Trustee) in the City and County of Los Angeles, State of
California and, if Series WWW Bonds are issued in definitive certificated form under the circumstances set forth in clause (2) of Section 4 of Article I of the Seventy-First Supplemental Indenture, at the office or agency maintained by the
Company for such purpose in the Borough of Manhattan, City and County of New York, State of New York, for cancellation in exchange for another or other registered bonds of the said series of higher or lower authorized denominations of an aggregate
principal amount equal to the aggregate principal amount of the bond or bonds so surrendered and bearing interest as provided in Section 9 of Article II of the Indenture, and upon payment of any tax or taxes or other governmental charges
required to be paid by the Company by reason of such exchange and subject to the terms and conditions specified in the Indenture, and thereupon the Company shall execute and deliver to the Trustee and the Trustee shall authenticate and deliver such
other bonds to such registered owner at its office or at such office or agency of the Company, at the option of such registered owner. 
 No
recourse shall be had for the payment of the principal of (or premium, if any) or the interest on this bond, or any part thereof, or of any claim based hereon or in respect hereof or of said Indenture, against any incorporator, or any past or future
stockholder, officer or director, as such, of the Company or of any predecessor or successor corporation, either directly or through the Company, or through any such predecessor or successor corporation, or through any receiver or a trustee in
bankruptcy, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof,
expressly waived and released, as more fully provided in the Indenture. 
 In any case where any Interest Payment Date, any redemption date
or the final maturity date of the Series WWW Bonds shall not be a Business Day at any Place of Payment (as those terms are defined in the next sentence), then payment of the principal, premium, if any, and interest due on such Interest Payment Date,
redemption date or final maturity date, as the case may be, need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on such
Interest Payment Date, redemption date or final maturity date, as the case may be, and, in that case, no interest will accrue on the amount payable for the period from and after such Interest Payment Date, redemption date or final maturity date, as
the case may be. As used in the immediately preceding sentence, “Place of Payment” means the City and County of Los Angeles, State of California and any other place or places where the Company may from time to time maintain an office or
agency where Series WWW Bonds may be presented for payment, and “Business Day,” when used with respect to any Place of Payment, means a day other than (i) a Saturday or a Sunday or (ii) a day on which banking institutions in that
Place of Payment are authorized or obligated by law or executive order to remain closed. 

  
 A-5 

 This Series WWW Bond shall be governed by and construed in accordance with the laws of the
State of California, without regard (to the extent permitted by applicable law) to conflicts of laws principles thereof. 
 **************

 This bond is one of the bonds of the series designated therein, described in the within-mentioned Indenture. 

 

	
	 U.S. BANK NATIONAL ASSOCIATION,
 As
Trustee

	
	By:                                     
                            
	              Authorized Officer
	
	Date of Authentication:                                
                                

  
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