Document:

EX-10.26

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 Exhibit 10.26 

 
 

 
 Sales Incentive Plan Document for SVP Global Sales 

2019 
 The effective period of this plan is January 1,
2019 through December 31, 2019. This plan supersedes any and all other incentive plans, written or implied, for Participants covered by this plan. No representation or promise inconsistent with or beyond the terms of this plan will be
effective. In the event of any such representation or promise, the terms of this plan will govern. The use of the male pronoun within this plan shall be deemed to apply to both genders. 

  
 Page 1 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 Introduction 

This document contains the terms of the Sales Incentive Plan for 2019 for the Senior Vice President, Global Sales. The document starts with an overview of the
Sales Incentive Plan then lays out the legal terms and conditions that apply to participation. 
 The 2019 Sales Incentive Plan is designed to provide
incentive rewards to the Cambium Networks sales teams and individuals for successful achievement of sales objectives. The plan has been designed to ensure: 
  

	 	•	 	 Alignment of the plan with business objectives 

 

	 	•	 	 Competitiveness to the external market 

 

	 	•	 	 Continued rewarding of top performers 

Table of Contents 
 In this document, participants will
find the following sections: 
  

					
	 Topic
	  	Page(s)	 
	 Target Incentive Compensation and Incentive Earnings Potential
	  	 	3	 
	 Performance Measurements Summary
	  	 	3	 
	 Payout Tables and Mechanics
	  	 	4	 
	 Plan Terms and Conditions
	  	 	5-15	 

 After reviewing this document, participants should understand: 

 

	 	•	 	 The structure of the Sales Incentive Plan 

 

	 	•	 	 How payouts will be calculated, given performance under the Sales Incentive Plan 

 

	 	•	 	 How performance will affect participant’s financial success 

 

	 	•	 	 The administrative practices associated with the Sales Incentive Plan 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 2 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 Target Incentive Compensation and Incentive Earnings Potential 

Target Incentive Compensation for each individual is the product of Base Salary and the Target Incentive Percentage. Achievement of target performance above
and below 100% of goal will result in earned incentive compensation according to the Payout Tables and Mechanics in the pages that follow. 
 Performance
Measurements Summary 
 The performance measurement framework under the Sales Incentive Plan is as follows: 

 

							
	 Performance

Measure
	  	 Weight
	  	 Measurement

Period
	  	 Comments

	Net revenue	  	[**]%	  	Quarterly and Annual	  	For revenue-based components, payments are made quarterly based on achievement of quarterly and year to date (“YTD”) revenue recognized by Cambium
Networks relative to quarterly and YTD revenue quotas. If achievement of such goals on a YTD basis is below 100% of the annual quota, then quarterly payments will be made at an SIP multiplier of [**].0. No accelerator will be applied until such
point during the year that 100% of the annual quota is exceeded.
				
	EBITDA	  	[**]%	  	Quarterly and Annual	  	EBITDA-based components will be made quarterly based on achievement of EBITDA goals, as specified per individual Participant.

 Additional information about when incentive payments are deemed earned and when incentive payments are an advancement of
earnings and subject to offsetting can be found in Sections 2.07 and 2.08 of the Plan Terms and Conditions section of this Plan. 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 3 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 Payout Tables and Mechanics 

The rate at which participants earn incentives for each Performance Measure is summarized in the following table(s): 

EBITDA 
  

									
	 30% from Adj. EBITDA
	 
	 Result%

of Target
	  	Target Post Accrual
Adj. EBITDA ($M)	 	  	%
Bonus Payout	 
	 [**]%
	  	 	£ $[**	] 	  	 	[**	]% 
	 [**]%
	  	 	[**	] 	  	 	[**	]% 
	 [**]%
	  	 	[**	] 	  	 	[**	]% 
	 [**]%
	  	 	[**	] 	  	 	[**	]% 
	 [**]%
	  	 	[**	] 	  	 	[**	]% 
	 [**]%
	  	 	[**	] 	  	 	[**	]% 
	 [**]%
	  	 	[**	] 	  	 	[**	]% 
	 [**]%
	  	 	[**	] 	  	 	[**	]% 
	 [**]%
	  	 	[**	] 	  	 	[**	]% 

 NET REVENUE 
 For the Net
Revenue Performance Measure, the rate at which Participants earn incentives is summarized in the following table: 
  

													
	 Tiering
	 
	 Tier Minimum
	  	Tier
Maximum	 	 	Payout
Multiplier	 	  	Notes	 
	 [**]%
	  	 	[**	]% 	 	 	[**	] 	  	 	[**	] 
	 [**]%
	  	 	[**	]% 	 	 	[**	] 	  	 	[**	] 
	 [**]%
	  	 	[**	]% 	 	 	[**	] 	  			
	 [**]%
	  	 	[**	]% 	 	 	[**	] 	  			
	 [**]%
	  	 	[**	] 	 	 	[**	] 	  			

 Payout will be based on the % achievement as defined in the tables above. Payout for achieving EBITA over $ [**] and Net
Revenue over $ [**] will be capped at [**]%. 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 4 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 Plan Terms and Conditions 

Article 1 

Definitions 
  

	1.01.	 Base Salary. 

“Base Salary” shall mean fixed pay that is provided for an active employee and does not vary between pay periods due to employee
performance. Base salary includes merit lump sum payments and additional months (e.g., 13th or 14th month) base amounts in countries where legally required. However, the Sales Incentive Plan calculations will be limited to 12 months of
base salary, except where local laws require inclusion of additional months. “Base Salary” shall not include awards under this Plan or any other short-term or long-term incentive plan; recurring allowances; imputed income from such
programs as group-term life insurance; any non-cash equity or similar awards; or non-recurring earnings, such as moving expenses, and shall be based upon base salary
earnings before reductions for such items as deferrals under employer-sponsored deferred compensation plans, or contributions made at the election of the Participant out of the Participant’s pay. Base salary is subject to change during normal
base salary review periods. 
  

	1.02.	 Cause. 

“Cause” shall mean unacceptable performance, or any misconduct identified as a ground for termination in the Cambium Networks Code of
Business Conduct, the human resources policies, or other written policies or procedures. 
  

	1.03.	 Company. 

“Company” shall mean Cambium Networks, Ltd. and its subsidiaries, provided that, in any jurisdiction in which local law applies,
“Company” shall mean, and the Plan shall be maintained solely by, the affiliated company of Cambium Networks Ltd. doing business in the applicable jurisdiction. 
  

	1.04.	 Compensation Committee. 

The Compensation Committee is the committee established by Cambium Networks from time to time, currently consisting of the CFO, HR Head and
General Counsel, with the SVP of Global Sales participating as it relates to discussions of this Plan (subject to being recused in connection with any discussion of his compensation) as such composition may be revised from time to time. 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 5 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

	1.05.	 Contribution Margin. 

“Contribution Margin” shall mean total Gross Margin less the relevant direct sales expenses (as identified on Exhibit A to this
Plan), incurred by the Company during the quarter, divided by total net revenue, expressed as a percentage. 
  

	1.06.	 Disabled. 

“Disabled” shall mean being entitled to receive benefits under the Cambium Networks Disability Income Plan or under the alternative
plan, policy or legislation applicable to the Participant under local law. 
  

	1.07.	 Employee. 

“Employee” shall mean a person in an employee-employer relationship with the Company, but excluding; (a) any individual
performing services for the Company under an independent contractor or consultant agreement, a purchase order, a supplier agreement or any other agreement that the Company enters into for services; and (b) any individual whose terms and
conditions of employment are governed by a collective bargaining agreement resulting from good faith collective bargaining where compensation of the type offered under this Plan were the subject of such bargaining, unless such agreement specifies
that such individuals are eligible for this Plan. 
  

	1.08.	 Gross Margin. 

“Gross Margin” shall mean the difference between total net revenue generated by the Company from the sale of Cambium goods and
services in a quarter less the costs of goods sold as reported by the Company on its consolidated financial statements, divided by total net revenue, expressed as a percentage. 

 

	1.09.	 Leave of Absence. 

“Leave of Absence” shall mean an approved leave of absence from the Company by virtue of which a Participant must continue to be
eligible for the Plan under applicable law, including local law, or any other approved leave of absence, accepted as such by Cambium’s HR department. 
  

	1.10.	 Local Law. 

“Local Law” shall mean the law of any jurisdiction to the extent that it applies to a Participant hereunder. 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 6 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

	1.11.	 Measurement Period. 

“Measurement Period” shall mean the month, quarter, year, or other time period, over which Performance Results are calculated and/or
strategic objectives are assigned to determine a Participants earning of an incentive payout hereunder. Incentive payments based on a Measurement Period will be measured as of the last day of a Measurement Period. 

 

	1.12.	 Participant. 

“Participant” shall mean an Employee who, as of the beginning of the Measurement Period (or, as provided in the Plan, during the
Measurement Period) is in one of the positions eligible for participation in the Plan. 
 Subject to provisions detailed under
“Terminations and Transfers,” an individual will cease to be a Participant upon the effective date of termination of employment (for any reason) or transfer to a role or position which is not eligible for participation in the Plan. 

 

	1.13.	 Performance Measures. 

“Performance Measures” all mean the specific financial metrics or other results required for business success established by
Cambium’s Compensation Committee to align efforts with the business scorecard. Each objective will have a corresponding incentive opportunity expressed as a percent of the annual Base Salary as outlined in the attached Schedule. 

 

	1.14.	 Performance Results. 

“Performance Result” shall mean the outcomes as measured by Cambium’s Finance function for the applicable performance
measurement(s) in the Measurement Period. 
  

	1.15.	 Plan. 

Plan shall mean the Sales Incentive Plan set forth in the attached schedule and as amended from time to time. 

 

	1.16.	 Sales Incentive. 

“Sales Incentive” shall mean the percentage of Base Salary (as defined in section 1.01) that will be paid for achievement of
Performance Measures as reflected on the Schedule applicable to the Participant for the Measurement Period. The annual Base Salary to be used in the calculation will be specified by Cambium’s HR department and, in the absence of such
specification, shall be the annual Base Salary in effect at the beginning of the applicable Measurement Period. 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 7 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

	1.17.	 Schedule. 

“Schedule” shall mean the sections entitled Total Target Compensation and Earnings Potential, set forth herein that reflects
information applicable to the determination of incentive pay, if any. 
 Article 2 

Participation and Eligibility 
  

	2.01.	 Eligibility for and Acceptance of Incentive Payment. 

Except as provided herein, with respect to any incentive payment made on a monthly, quarterly, or annual basis, a Participant will only be
eligible to receive a payment if the Participant is an Employee of the Company on the last day of a Measurement Period. If a Participant accepts an incentive payment for a Measurement Period (including by cashing a check for the payment or not
canceling direct deposit before the payment is scheduled to be directly deposited to the Participant s account), the Participant shall thereby have agreed and consented to the terms of this Plan, except to the extent inconsistent with local law.

  

	2.02.	 Eligibility for Other Incentive Payments. 

Employees shall participate in only one annual incentive plan or sales incentive plan for any specific period in time. An individual may
participate in the Plan and another plan sequentially during any Measurement Period because of promotion or reassignment, provided that participation in each such plan is prorated to reflect (to the day) the period during which he or she
participated in each plan. 
  

	2.03.	 Terminations and Transfers. 

Notwithstanding any provision of the Plan to the contrary, but subject to the provisions of local law, a Participant will not be paid a Sales
Incentive for a Measurement Period unless the Participant is actively employed, or (as described in Section 2.04) on a Leave of Absence, as of the last day of the Measurement Period, except as described in the following: 

 

	 	(a)	 If, during a Measurement Period, a Participant terminates employment due to Retirement, involuntary separation
not for cause (as defined in Section 1.02), death or because the Participant is Disabled, the Measurement Period will be prorated to reflect the salary, performance goals and performance results for Measurement Period-to-date. Group Finance will obtain authorization and provide payroll/HR with notice to pay earned prorated incentive payouts that would normally have been held until end of Measurement Period or year-end. Any earned prorated incentive payouts that are payable under this provision are not intended to duplicate other benefits and thus any payouts under this provision will be offset and reduced by any
comparable payment provided for under any other plan. 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 8 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

	 	(b)	 Except to the extent inconsistent with applicable law, if, during a Measurement Period, a Participant’s
employment is terminated for cause (as defined in Section 1.02) or voluntarily by the employee, the Measurement Period will not be prorated, and no additional Sales Incentives will be paid. Sales Incentives normally due as of the end of the
Measurement Period or year-end calculations will not be paid. 

  

	 	(c)	 A Participant who transfers out of an incentive eligible position during a Measurement Period will be eligible
for a prorated incentive payment under the Plan; provided that, if the Participant is eligible for an incentive payment in his or her new position for all or part of the same Measurement Period, the pro ration under this Plan shall be accomplished
in a way that, in the judgment of the Compensation Committee, prevents duplication. 

  

	 	(d)	 For accelerators to be applied to an incentive payment, the Participant must have been eligible for incentive
payments for at least 6 months in any Measurement Period. When Participants become first eligible to participate during a Measurement Period, only quota assigned from the date of eligibility should be considered when assessing whether accelerators
should be applied. 

  

	2.04.	 Leaves of Absence. 

Notwithstanding any provision of the Plan to the contrary, a Participant who commences or returns from a Leave of Absence during a Measurement
Period may, in the discretion of the Compensation Committee or as provided by local law, be entitled to an incentive payment hereunder. Notwithstanding any provision of the Plan to the contrary, compensation or benefits received by a Participant
during a Leave of Absence shall not be included in the calculation of Base Salary for purposes of determining the Participant’s Sales Incentive. 
  

	2.05.	 Changes in Role or Sales Incentive Plan. 

Role changes where the employee moves to or from a job that is sales incentive eligible will require that the Sales Incentive Plan be closed
out and a new Sales Incentive Plan will be established or eligibility will begin or end. The Sales Incentive Plan results will be prorated to reflect the performance goals and performance results year-to-date. If the Participant is eligible for an incentive payment in his or her new job for all or part of the same Measurement Period, the pro ration under this Plan shall be accomplished in a way that,
in the judgment of the Compensation Committee, prevents duplication in incentives or an inappropriate incentive gap. 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 9 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

	2.06.	 Changes in Quota or Territory. 

Notwithstanding any provision to the contrary, the SVP of Global Sales with input from the Compensation Committee, may change a
Participant’s quota and/or territory. 
  

	2.07.	 When Incentive Payments are Deemed Earned. 

Provided that the Participant is employed as of the last day of the Measurement Period, all net revenue-based or
POS-based incentives (including those with an annual component) are deemed earned as of the date Cambium Networks recognizes the revenue associated with an applicable sale, unless the customer cancels an order
or returns the product to Cambium Networks; or Cambium Networks determines that there was an error in the incentive payment amount, even if any of the above events occur after incentive payments have been paid out by Cambium Networks. 

POS revenue is computed by reference to data collated by Cambium Networks or a 3rd party,
the value of which is determined by Cambium’s Sales Operations department and Cambrium Finance. 
 All Contribution Margin based
incentives are deemed earned as of the last day of the Measurement Period. 
  

	2.08.	 Commission Splits. 

Sometimes the closing of a sale requires the efforts of several members of the sales team. Therefore, any commissions related to the sale may
be allocated between two or more Regional Sales Managers (RSM) pursuant to prior arrangement or agreement of the involved employees. Selling effort must be documented and demonstrable if a split is to occur. Also, being assigned to an account
which produces an order through the efforts of another RSM does not automatically ensure that the account owner would receive a portion of the commission. 

Any dispute regarding adjustments to commissions will be resolved by the Compensation Committee, who will determine the allocation after
consulting with the appropriate sales management. Whenever possible, this allocation will be determined prior to the order being booked. 

Article 3 

Incentive Pay Elements 
  

	3.01.	 Monthly Incentives. 

Monthly incentives, if any, for a fiscal year, shall be established by Cambium’s Compensation Committee and set forth on the Schedule.

  

			
	Cambium Networks Confidential and Proprietary	  	Page 10 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

	3.02.	 Quarterly Incentives. 

Quarterly incentives, if any, for a fiscal year, shall be established by Cambium’s Compensation Committee and set forth on the Schedule.

  

	3.03.	 Annual Incentives. 

Annual incentives, if any, for a fiscal year shall be as established by Cambium’s Compensation Committee, and set forth on the Schedule.

  

	3.04.	 Other Incentives. 

Other incentives, if any, for a fiscal year shall be as established by Cambium’s Compensation Committee. 

Article 4 

Administration 
  

	4.01.	 Compensation Committee. 

Compensation Committee shall have authority to control and manage the operation and administration of the Plan, including all rights and powers
necessary or convenient to the carrying out of its functions hereunder, whether or not such rights and powers are specifically enumerated herein. This includes the authority to administer and override Plan provisions to comply with local law. 

 

	4.02.	 Governance. 

Compensation Committee shall have authority to construe and interpret the Plan, decide all questions of fact and questions of eligibility and
determine the amount, manner and time of payment of any incentive payment hereunder, which shall be final and binding, except to the extent inconsistent with local law. 
  

	4.03.	 Incentive Calculation/Administration. 

Incentives will not be paid until all relevant data for the Measurement Period is accumulated and reconciled. All relevant equipment returns,
credit memos and other measurement elements must be identified and accounted for prior to calculation of the incentive payout. Negative revenue transactions may include any transactions which occur subsequent to any Measurement Period.
Reconciliation and approval of incentive compensation generally will be completed within 90 calendar days after the last day of the Measurement Period, except when management requires additional time to review business results for final accuracy or
requires additional time based on other business needs, in which case such payments will be paid at the earliest practicable time following such management review, provided, however, in the case of a Participant who is subject to

  

			
	Cambium Networks Confidential and Proprietary	  	Page 11 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 
taxation in the United States, that payment will occur in all events before March 15 of the calendar year following the year in which the Measurement Period ended. Notwithstanding the
preceding sentence, to the extent the Performance Measures for payments with a Measurement Period of a year are based on the annual Cambium Networks Incentive Plan (if at all), payment will coincide with other payments under the Cambium Bonus Scheme
(i.e., as soon as administratively practical during the calendar year immediately following the close of the Measurement Period). 

In addition to the above, the Compensation Committee may reduce any sales incentive calculation otherwise due to employee Participant in an
amount to reflect: 
  

	 	•	 	 Any provisions for doubtful debts implemented by Cambium Networks against a specific customer, that is part of
such Participant’s sales quota; 

  

	 	•	 	 Any bad debt write-offs for a specific customer, that has been included as part of such Participant’s quota
or on which such Participant has previously earned incentive compensation as a result of revenue from such customer; 

  

	 	•	 	 Any balance for a non-paying/delinquent customer that has been on stop
shipment for greater than 30 days without resolving the delinquency (until payment received at which time this notional adjustment would be reversed) 

Provided, however, that a Participant shall not be penalized for write offs associated with purchases made by such customer prior to the
Participant’s responsibility for the territory. Any such reduction would be made against and as a reduction to subsequent sales incentive payments otherwise due to such Participant in future Measurement Periods. 

 

	4.04.	 Repayment of Overpayments. 

 

	 	(a)	 If Cambium Networks discovers that it overpaid a Participant or former Participant with respect to any portion
of compensation, the Participant agrees to repay the overpayment amount to Cambium Networks within 30 days of a written request. If the Participant or former Participant does not make such repayment within 30 days, and has not provided the HR
department with clear and specific evidence (as determined by the HR department in its discretion) establishing his or her entitlement to the amount Cambium Networks considers to have been overpaid, Cambium Networks can recover such overpayment by
offsetting the overpayment amount against any money that might then or later be due from Cambium Networks to the Participant or former Participant, including money that is or becomes due as wages, base salary or incentive compensation to the
Participant or former Participant, subject to any requirements of local law. 

  

	 	(b)	 Cambium Networks right under this section to recover overpayments through offset is not the exclusive means by
which it may pursue recovery of said overpayment. 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 12 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

	 	
In addition to or in lieu of offset, Cambium Networks may also pursue ordinary collection efforts or legal action against the Participant or former Participant. 

 

	 	(c)	 The provisions of this Section shall apply notwithstanding any provision of the Plan to the contrary, subject
to local law. 

  

	4.05.	 Significant Achievement Award. 

Winning large and or strategic deals is critical for the growth of Cambium. Developing new Customers, Applications, Products or Services
(CAPS) helps create new streams of revenue which help the company to grow. 
 To recognize these types of achievements, the company may
award a Significant Achievement Award to the appropriate SE, RSM and/or Sales Manager, Director or VP. To be eligible, the signing of a contract with a customer is required; however a very large increase in business which utilizes existing contracts
would also be considered. Variables that will be considered in determining whether an award should be granted and the size of the bonus award will be: 
  

	 	•	 	 Contract value and or long term deal potential 

 

	 	•	 	 Length of contract or agreement 

 

	 	•	 	 Customer (bigger is better and new is good as well) 

 

	 	•	 	 Profitability of deal 

  

	 	•	 	 Press release allowed 

  

	 	•	 	 Work involved in obtaining the business/contract 

 

	 	•	 	 Impact on overall revenue 

Significant Achievement Bonus Awards will be awarded on a quarterly basis. 

Nominations may be submitted by RSMs or Sales Managers, and may only include those Sales individuals who were directly involved in the deal.

 Awards will be made as cash bonuses. The amount and or quantity will be based on the variables above and consideration will be given
subject to the ability of the compensation plan to reward the individuals involved. 
 The Compensation Committee will determine whether any
awards are to be distributed and the amount of the award. All awards are discretionary. 
 Members of the eStaff (Aarti Sharma, Atul
Bhatnagar, Bryan Sheppeck,, Nigel King, Peter Strong, Raymond de Graaf, Ron Ryan, Sally Rau, Scott Imhoff, Stephen Cumming, Vibhu Vivek) will not be considered for this award. 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 13 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

	4.06.	 Exceptions. 

For employees who are hired to develop business in new and/or emerging markets where revenue production may take multiple quarters, Management
Business Objectives may be established with payouts for those MBO’s. All MBO”s must be approved by the Compensation Committee. Also, payment for the achievement of the MBO’s will be approved by the Compensation Committee with
supporting documentation provided by the RSM/RTM. 
 Awards outside plan provisions are subject to the approval of Cambium Compensation
Committee. All such decisions, actions, or interpretations concerning the Plan made by the Compensation Committee shall be final, conclusive and binding on all parties. 

Article 5 

Miscellaneous 
  

	5.01.	 Plan Changes. 

Except to the extent inconsistent with local law, and subject to the rights of Participants under the Plan, the Company reserves the right to
modify, amend or terminate the Plan, to change the territory or quota of any Participant at any time or from time to time, or to modify or amend any payment amount under the Plan, at any time, and from time to time, subject to approval of the
Compensation Committee. 
  

	5.02.	 Participant Covenants. 

If a Participant fails to adhere to his/her confidentiality or intellectual property agreement or other policies of the Company, or if the
Participant’s job performance is not satisfactory (including failure to comply with sales procedures and reporting requirements), Compensation Committee shall have the right to either revoke or amend the Participant’s participation, and
his or her entitlement to incentive payments, as it deems appropriate in its sole discretion. 
  

	5.03.	 Assignments. 

Participants are reminded of their obligations under Cambium Networks Code of Conduct. Particularly, Participants in this plan shall not assign
or give anything of value (except for officially authorized Company promotional allowances) nor promise or give any part of their compensation to any agent, customer, or representative of the customer or other persons (including Company employees)
as an inducement in making a sale. 
  

	5.04.	 Employment at Will. 

This plan does not constitute a contract of employment with the Company for a specified term and all employment at Cambium Networks is at will.

  

			
	Cambium Networks Confidential and Proprietary	  	Page 14 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

	5.05.	 Rights To Incentive Payments. 

The Participant’s dependents, creditors, or beneficiaries will not have any right or interest in this plan or in any moneys accrued,
except as provided in Section 2.03. 
  

	5.06.	 Superseding Provisions. 

The Plan supersedes any previous incentive compensation plans affecting the Participant for the term covered by the Plan. There are no oral
agreements or understandings between the Company and any Participant affecting or relating to the Plan which are not referenced herein. 
 No
alteration, modification or change of the Plan shall be effective unless approved in writing by the HR department. 
  

	5.07.	 Prevailing Law. 

Except to the extent that local law applies, the Plan shall be construed and enforced in accordance with the laws of the U.K., without giving
effect to its conflict of laws provisions. 
  

	5.08.	 Tax Treatment. 

The Company does not guarantee the tax treatment of any payments under the Plan, including without limitation, pursuant to the Code, federal,
state or local tax laws or regulations. The Participant acknowledges and agrees that (a) he is responsible for any taxes owing with respect to the payments and benefits to be provided hereunder, (b) he has not relied on any tax advice
provided by the Company in connection with the payments and benefits to be provided hereunder, and (c) he has been advised to consult with an independent tax advisor regarding any questions concerning tax matters relating to such payments and
benefits. 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 15 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 SCHEDULE 

[**] 

  

			
	Cambium Networks Confidential and Proprietary	  	Page 16 of 17

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 I hereby agree to the terms and conditions laid out in Cambium’s 2019 Sales Incentive Plan. 

 

			
	Signed 	 	/s/ Bryan Sheppeck
	Name	 	Bryan Sheppeck
	Date	 	5-7-2019

  

			
		  	Page 17 of 17exc20190613ex42

                                                                    Exhibit 4.2   Prepared by: Brian J. Buck          701 Ninth Street, N.W. - Mail Stop EP1300  Washington, D.C. 20068  Phone (202) 872-3364    Return to: Brian J. Buck  Assistant General Counsel and Assistant Secretary - Exelon Corporation  701 Ninth Street, N.W. - Mail Stop EP1300  Washington, D.C. 20068  Phone (202) 872-3364                         POTOMAC ELECTRIC POWER COMPANY                          701 Ninth Street, N.W., Washington, D.C.                                        TO                          THE BANK OF NEW YORK MELLON                           240 Greenwich Street, New York, NY                                      as Trustee                                 Supplemental Indenture                                Dated as of May 2, 2019                         Supplemental to Mortgage and Deed of Trust                                   Dated July 1, 1936                FIRST MORTGAGE BONDS, 3.45% SERIES DUE JUNE 13, 2029                                 

 

                                TABLE OF CONTENTS                                                                            Page   PART I. DESCRIPTION OF BONDS OF 3.45% SERIES DUE JUNE 13, 2029......................... 4  PART II. ISSUE OF BONDS. ...................................................................................................... 12  PART III. REDEMPTION AND CANCELLATION OF BONDS. ............................................ 13  PART IV. ADDITIONAL PARTICULAR COVENANTS OF THE COMPANY. .................... 13  PART V. AMENDMENT OF INDENTURE TO PERMIT QUALIFICATION UNDER            THE TRUST INDENTURE ACT. .......................................................................... 14  PART VI. THE TRUSTEE. .......................................................................................................... 14  PART VII. MISCELLANEOUS PROVISIONS. ......................................................................... 14      *The Table of Contents is not part of the Supplemental Indenture and should not be considered as such. It  is included herein only for purposes of convenient reference.                                                    

 

               SUPPLEMENTAL INDENTURE, dated as of May 2, 2019, made by and between  Potomac Electric Power Company, a corporation organized and existing under the laws of the District of  Columbia and a domestic corporation of the Commonwealth of Virginia (hereinafter sometimes called the  “Company”), party of the first part, and The Bank of New York Mellon, a New York banking corporation  (hereinafter sometimes called the “Trustee”), as trustee under the Mortgage and Deed of Trust dated July  1, 1936, hereinafter mentioned, party of the second part;               WHEREAS, the Company has heretofore executed and delivered its Mortgage and Deed  of Trust, dated July 1, 1936 (hereinafter sometimes referred to as the “Original Indenture”), to The Riggs  National Bank of Washington, D.C., as trustee, to secure an issue of First Mortgage Bonds of the  Company, issuable in series; and               WHEREAS, the Trustee has succeeded The Riggs National Bank of Washington, D.C. as  trustee under the Original Indenture pursuant to Article XIII, Section 3 thereof; and               WHEREAS, pursuant to the terms and provisions of the Original Indenture, indentures  supplemental thereto dated as of July 1, 1936, December 1, 1939, August 1, 1940, August 1, 1942,  January 1, 1948, May 1, 1949, May 1, 1950, March 1, 1952, May 15, 1953, May 16, 1955, June 1, 1956,  December 1, 1958, November 16, 1959, December 1, 1960, February 15, 1963, May 15, 1964, April 1,  1966, May 1, 1967, February 15, 1968, March 15, 1969, February 15, 1970, August 15, 1970, September  15, 1972, April 1, 1973, January 2, 1974, August 15, 1974, August 15, 1974, June 15, 1977, July 1, 1979,  June 16, 1981, June 17, 1981, December 1, 1981, August 1, 1982, October 1, 1982, April 15, 1983,  November 1, 1985, March 1, 1986, November 1, 1986, March 1, 1987, September 16, 1987, May 1, 1989,  August 1, 1989, April 5, 1990, May 21, 1991, May 7, 1992, September 1, 1992, November 1, 1992,  March 1, 1993, March 2, 1993, July 1, 1993, August 20, 1993, September 29, 1993, September 30, 1993,  October 1, 1993, February 10, 1994, February 11, 1994, March 10, 1995, September 6, 1995, September  7, 1995, October 2, 1997, March 17, 1999, November 17, 2003, March 16, 2004, May 24, 2005, April 1,  2006, November 13, 2007, March 24, 2008, December 3, 2008, March 28, 2012, March 11, 2013,  November 14, 2013, March 11, 2014, March 9, 2015, May 15, 2017 and June 1, 2018, have been  heretofore entered into between the Company and the Trustee to provide, respectively, for the creation of  the first through the seventy-seventh series of Bonds thereunder and, in the case of the supplemental  indentures dated January 1, 1948, March 1, 1952, May 15, 1953, May 16, 1955, June 1, 1956, September  15, 1972, July 1, 1979, June 17, 1981, November 1, 1985, September 16, 1987, May 1, 1989, May 21,  1991, May 7, 1992, July 1, 1993, October 2, 1997, December 19, 2014, December 5, 2017 and one of the  supplemental indentures dated August 15, 1974, to convey additional property; and               WHEREAS, $20,000,000 principal amount of Bonds of the 3-1/4% Series due 1966 (the  first series), $5,000,000 principal amount of Bonds of the 3-1/4% Series due 1974 (the second series),  $10,000,000 principal amount of Bonds of the 3-1/4% Series due 1975 (the third series), $5,000,000  principal amount of Bonds of the 3-1/4% Series due 1977 (the fourth series), $15,000,000 principal  amount of Bonds of the 3% Series due 1983 (the fifth series), $10,000,000 principal amount of Bonds of  the 2-7/8% Series due 1984 (the sixth series), $30,000,000 principal amount of Bonds of the 2-3/4%  Series due 1985 (the seventh series), $15,000,000 principal amount of Bonds of the 3-1/4% Series due  1987 (the eighth series), $10,000,000 principal amount of Bonds of the 3-7/8% Series due 1988 (the ninth  series), $10,000,000 principal amount of Bonds of the 3-3/8% Series due 1990 (the tenth series),     

 

   $10,000,000 principal amount of Bonds of the 3-5/8% Series due 1991 (the eleventh series), $25,000,000  principal amount of Bonds of the 4-5/8% Series due 1993 (the twelfth series), $15,000,000 principal  amount of Bonds of the 5-1/4% Series due 1994 (the thirteenth series), $40,000,000 principal amount of  Bonds of the 5% Series due 1995 (the fourteenth series), $50,000,000 principal amount of Bonds of the  4¬3/8% Series due 1998 (the fifteenth series), $45,000,000 principal amount of Bonds of the 4-1/2%  Series due 1999 (the sixteenth series), $15,000,000 principal amount of Bonds of the 5-1/8% Series due  2001 (the seventeenth series), $35,000,000 principal amount of Bonds of the 5-7/8% Series due 2002 (the  eighteenth series), $40,000,000 principal amount of Bonds of the 6-5/8% Series due 2003 (the nineteenth  series), $45,000,000 principal amount of Bonds of the 7-3/4% Series due 2004 (the twentieth series),  $35,000,000 principal amount of Bonds of the 8.85% Series due 2005 (the twenty-first series),  $70,000,000 principal amount of Bonds of the 9-1/2% Series due August 15, 2005 (the twenty-second  series), $50,000,000 principal amount of Bonds of the 7-3/4% Series due 2007 (the twenty-third series),  $25,000,000 principal amount of Bonds of the 5-5/8% Series due 1997 (the twenty-fourth series),  $100,000,000 principal amount of Bonds of the 8-3/8% Series due 2009 (the twenty-fifth series),  $50,000,000 principal amount of Bonds of the 10-1/4% Series due 1981 (the twenty-sixth series),  $50,000,000 principal amount of Bonds of the 10-3/4% Series due 2004 (the twenty-seventh series),  $38,300,000 principal amount of Bonds of the 6-1/8% Series due 2007 (the twenty-eighth series),  $15,000,000 principal amount of Bonds of the 6-1/2% Series due 2004 (the twenty-ninth series),  $20,000,000 principal amount of Bonds of the 6-1/2% Series due 2007 (the thirtieth series), $7,500,000  principal amount of Bonds of the 6-5/8% Series due 2009 (the thirty-first series), $30,000,000 principal  amount of Bonds of the Floating Rate Series due 2010 (the thirty-second series), $50,000,000 principal  amount of Bonds of the 14-1/2% Series due 1991 (the thirty-third series), $50,000,000 principal amount  of Bonds of the Adjustable Rate Series due 2001 (the thirty-fourth series), $60,000,000 principal amount  of Bonds of the 14-1/4% Series due 1992 (the thirty-fifth series), $50,000,000 principal amount of Bonds  of the 11-7/8% Series due 1989 (the thirty-sixth series), $37,000,000 principal amount of Bonds of the 8- 3/4% Series due 2010 (the thirty-seventh series), $75,000,000 principal amount of Bonds of the 11-1/4%  Series due 2015 (the thirty-eighth series), $75,000,000 principal amount of Bonds of the 9-1/4% Series  due 2016 (the thirty-ninth series), $75,000,000 principal amount of Bonds of the 8-3/4% Series due 2016  (the fortieth series), $75,000,000 principal amount of Bonds of the 8-1/4% Series due 2017 (the forty-first  series), $75,000,000 principal amount of Bonds of the 9% Series due 1990 (the forty-second series),  $75,000,000 principal amount of Bonds of the 9-3/4% Series due 2019 (the forty-third series),  $75,000,000 principal amount of Bonds of the 8-5/8% Series due 2019 (the forty-fourth series),  $100,000,000 principal amount of Bonds of the 9% Series due 2000 (the forty-fifth series), $100,000,000  principal amount of Bonds of the 9% Series due 2021 (the forty-sixth series), $75,000,000 principal  amount of Bonds of the 8-1/2% Series due 2027 (the forty-seventh series); $30,000,000 principal amount  of Bonds of the 6% Series due 2022 (the forty-eighth series); $37,000,000 principal amount of Bonds of  the 6-3/8% Series due 2023 (the forty-ninth series); $78,000,000 principal amount of Bonds of the 6-1/2%  Series due 2008 (the fiftieth series); $40,000,000 principal amount of Bonds of the 7-1/2% Series due  2028 (the fifty-first series); $100,000,000 principal amount of Bonds of the 7-1/4% Series due 2023 (the  fifty-second series); $100,000,000 principal amount of Bonds of the 6-7/8% Series due 2023 (the fifty- third series); $50,000,000 principal amount of Bonds of the 5-5/8% Series due 2003 (the fifty-fourth  series); $50,000,000 principal amount of Bonds of the 5-7/8% Series due 2008 (the fifty-fifth series);  $75,000,000 principal amount of Bonds of the 6-7/8% Series due 2024 (the fifty-sixth series);  $42,500,000 principal amount of Bonds of the 5-3/8% Series due 2024 (the fifty-seventh series);                                         2    

 

   $38,300,000 principal amount of Bonds of the 5-3/8% Series due 2024 (the fifty-eighth series);  $16,000,000 principal amount of Bonds of the 5-3/4% Series due 2010 (the fifty-ninth series);  $100,000,000 principal amount of Bonds of the 6-1/2% series due 2005 (the sixtieth series); $75,000,000  principal amount of Bonds of the 7-3/8% Series due 2025 (the sixty-first series); $175,000,000 principal  amount of Bonds of the 6-1/4% Series due 2007 (the sixty-second series); $270,000,000 principal amount  of Bonds of the 6% Series due 2004 (the sixty-third series); $200,000,000 principal amount of Bonds of  the 4.95% Series due 2013 (the sixty-fourth series); and $175,000,000 principal amount of Bonds of the  4.65% Series due 2014 (the sixty-fifth series) have been heretofore redeemed and retired and there are  now issued and outstanding under the Original Indenture and under the supplemental indentures referred  to above: $100,000,000 principal amount of Bonds of the 5.75% Series due 2034 (the sixty-sixth series);  $175,000,000 principal amount of Bonds of the 5.40% Series due 2035 (the sixty-seventh series);  $109,500,000 principal amount of Bonds of the Medco Collateral Series due 2022 (the sixty-eighth  series); $250,000,000 principal amount of Bonds of the 6.50% Series due 2037 (the sixty-ninth series);  $250,000,000 principal amount of Bonds of the 6.50% Series 2 due 2037 (the seventieth series);  $250,000,000 principal amount of Bonds of the 7.90% Series due 2038 (the seventy-first series);  $200,000,000 principal amount of Bonds of the 3.05% Series due 2022 (the seventy-second series);  $650,000,000 principal amount of Bonds of the 4.15% Series due 2043 (the seventy-third series);  $150,000,000 principal amount of Bonds of the 4.95% Series due 2043 (the seventy-fourth series);  $400,000,000 principal amount of Bonds of the 3.60% Series due 2024 (the seventy-fifth series);  $100,000,000 principal amount of Bonds of the 4.27 % Series due 2048 (the seventy-sixth  series);  $100,000,000 principal amount of Bonds of the 4.31% Series due 2048 (the seventy-seventh series); and               WHEREAS, for the purpose of conforming the Original Indenture to the standards  prescribed by the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), or otherwise  modifying certain of the provisions of the Original Indenture, indentures supplemental thereto dated  December 10, 1939, August 10, 1942, October 15, 1942, April 1, 1966, June 16, 1981, June 17, 1981,  December 1, 1981, August 1, 1982, October 1, 1982, April 15, 1983, November 1, 1985, March 1, 1986,  November 1, 1986, March 1, 1987, September 16, 1987, May 1, 1989, August 1, 1989, April 5, 1990,  May 21, 1991, May 7, 1992, September 1, 1992, November 1, 1992, March 1, 1993, March 2, 1993, July  1, 1993, August 20, 1993, September 29, 1993, September 30, 1993, October 1, 1993, February 10, 1994,  February 11, 1994, March 10, 1995, September 6, 1995, September 7, 1995, October 2, 1997, March 17,  1999, November 17, 2003 and December 5, 2017 have been heretofore entered into between the  Company and the Trustee, and for the purpose of conveying additional property, indentures supplemental  thereto dated July 15, 1942, October 15, 1947, December 31, 1948, December 31, 1949, February 15,  1951, February 16, 1953, March 15, 1954, March 15, 1955, March 15, 1956, April 1, 1957, May 1, 1958,  May 1, 1959, May 2, 1960, April 3, 1961, May 1, 1962, May 1, 1963, April 23, 1964, May 3, 1965, June  1, 1966, April 28, 1967, July 3, 1967, May 1, 1968, June 16, 1969, May 15, 1970, September 1, 1971,  June 17, 1981, November 1, 1985, September 16, 1987, May 1, 1989, May 21, 1991, May 7, 1992, July 1,  1993, October 2, 1997, December 19, 2014, December 5, 2017 and June 1, 2018 have been heretofore  entered into between the Company and the Trustee, and for the purpose of better securing and protecting  the Bonds then or thereafter issued and confirming the lien of the Original Indenture, an indenture dated  October 15, 1942 supplemental thereto has been heretofore entered into between the Company and the  Trustee; the Original Indenture as heretofore amended and supplemented being hereinafter referred to as  the “Original Indenture as amended”; and                                         3    

 

               WHEREAS, the Company is entitled to have authenticated and delivered additional  Bonds in substitution for refundable Bonds, upon compliance with the provisions of Section 7 of Article  III of the Original Indenture as amended; and               WHEREAS, the Company has determined to issue a seventy-eighth series of Bonds  under the Original Indenture as amended, to be known as First Mortgage Bonds, 3.45% Series due June  13, 2029 (hereinafter called “Bonds of 3.45% Series”); and               WHEREAS, the Company, in the exercise of the powers and authority conferred upon  and reserved to it under the provisions of the Original Indenture as amended and pursuant to appropriate  resolutions of its Board of Directors, has duly resolved and determined to make, execute and deliver to  the Trustee a supplemental indenture in the form hereof for the purposes herein provided; and               WHEREAS, all conditions and requirements necessary to make this Supplemental  Indenture a valid, binding and legal instrument have been done, performed and fulfilled, and the  execution and delivery hereof have been in all respects duly authorized;                 NOW, THEREFORE, THIS INDENTURE WITNESSETH:               That Potomac Electric Power Company, in consideration of the premises and of One  Dollar to it duly paid by the Trustee at or before the ensealing and delivery of these presents, and for other  valuable considerations, the receipt whereof is hereby acknowledged, hereby covenants, declares and  agrees with the Trustee and its successors in the trust under the Original Indenture as amended for the  benefit of those who hold the Bonds and coupons, or any of them, issued or to be issued hereunder or  under the Original Indenture as amended, as follows:                                      PART I.              DESCRIPTION OF BONDS OF 3.45% SERIES DUE JUNE 13, 2029.               SECTION 1. The Bonds of 3.45% Series shall, subject to the provisions of Section 1 of  Article II of the Original Indenture as amended, be designated as “First Mortgage Bonds, 3.45% Series  due June 13, 2029” of the Company. The Bonds of 3.45% Series shall be executed, authenticated and  delivered in accordance with the provisions of, and shall in all respects be subject to, all of the terms,  conditions and covenants of the Original Indenture as amended, except in so far as the terms and  provisions of the Original Indenture as amended are amended or modified by this Supplemental  Indenture.               The Bonds of 3.45% Series shall mature June 13, 2029, and shall bear interest from the  date of initial issuance at the rate of three and forty-five hundredths percent (3.45%) per annum, payable  semiannually, commencing December 13, 2019, on the thirteenth day of June and the thirteenth day of  December in each year (each such June 13 and December 13 being hereinafter called an “interest payment  date”). The Bonds of 3.45% Series shall be payable as to principal and interest in lawful money of the  United States of America, and shall be payable (as well the interest as the principal thereof) at the agency  of the Company in the Borough of Manhattan, The City of New York.                                         4    

 

               The interest so payable on any interest payment date shall be paid to the persons in whose  names the Bonds of 3.45% Series are registered at the close of business on the first calendar day of the  month in which the interest payment date occurs; provided, that interest payable on the maturity date shall  be paid to the person to whom principal shall be payable; and provided further that if the Company shall  default in the payment of any interest due on such interest payment date, such defaulted interest shall be  paid to the persons in whose names the Bonds of 3.45% Series are registered on the date of payment of  such defaulted interest, or in accordance with the regulations of any securities exchange on which the  Bonds of 3.45% Series are listed. Interest shall be computed on the basis of a 360-day year comprised of  twelve 30-day months.               Except as provided hereinafter, every Bond of 3.45% Series shall be dated as of the date  of its authentication and delivery, or if that is an interest payment date, the next day, and shall bear  interest from the interest payment date next preceding its date or the date of delivery of the initial Bonds  of 3.45% Series, whichever is later. Notwithstanding Section 6 of Article II of the Original Indenture as  amended, any Bond of 3.45% Series authenticated and delivered by the Trustee after the close of business  on the record date with respect to any interest payment date and prior to such interest payment date shall  be dated as of the date next following such interest payment date and shall bear interest from such interest  payment date; except that if the Company shall default in the payment of any interest due on such interest  payment date, such Bond shall bear interest from the next preceding interest payment date or the date of  delivery of the initial Bonds of 3.45% Series, whichever is later.               SECTION 2. The Bonds of 3.45% Series, and the Trustee’s certificate to be endorsed on  the Bonds of 3.45% Series, shall be substantially in the following forms, respectively:                       [FORM OF FACE OF BOND OF 3.45% SERIES]   [THIS BOND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS  AMENDED, OR THE SECURITIES OR “BLUE SKY” LAWS OF ANY OTHER JURISDICTION,  AND MAY BE TRANSFERRED ONLY IN COMPLIANCE WITH SUCH REGISTRATION  REQUIREMENTS OR UNDER AN EXEMPTION THEREFROM.]                          POTOMAC ELECTRIC POWER COMPANY                       (A District of Columbia and Virginia corporation)                      First Mortgage Bond, 3.45% Series due June 13, 2029   No. [______]                                                       $[_________]                                                                  PPN No. [______]               POTOMAC ELECTRIC POWER COMPANY, a corporation organized and existing  under the laws of the District of Columbia and a domestic corporation of the Commonwealth of Virginia  (hereinafter called the “Company”, which term shall include any successor corporation as defined in the  Amended Indenture hereinafter referred to), for value received, hereby promises to pay to [________] or  registered assigns, the sum of [__________] Dollars ($[_______]), on the thirteenth day of June, 2029, in                                         5    

 

   lawful money of the United States of America, and to pay interest thereon in like money from the later of  the date of delivery of the initial Bonds of 3.45% Series or the June 13th or December 13th next  preceding the date of this Bond, or if the Company shall default in the payment of interest due on such  interest payment date, then from the next preceding interest payment date or the date of delivery of the  initial Bonds of 3.45% Series, whichever is later, at the rate of three and forty-five hundredths percent  (3.45%) per annum, payable semiannually, commencing December 13, 2019, on the thirteenth day of  June or December in each year until maturity, or, if the Company shall default in the payment of the  principal hereof, until the Company’s obligation with respect to the payment of such principal shall be  discharged as provided in the Amended Indenture. The interest so payable on any June 13th or December  13th will, subject to certain exceptions provided in the indenture dated as of May 2, 2019 supplemental to  the Amended Indenture, be paid to the person in whose name this Bond is registered at the close of  business on the first calendar day of the month in which the interest payment date occurs. Both principal  of, and interest on, this Bond are payable at the agency of the Company in the Borough of Manhattan, The  City of New York.               Reference is made to the further provisions of this Bond set forth on the reverse hereof,  and such further provisions shall for all purposes have the same effect as though fully set forth at this  place.               This Bond shall not be entitled to any benefit under the Amended Indenture or any  indenture supplemental thereto, or become valid or obligatory for any purpose, until The Bank of New  York Mellon, the Trustee under the Amended Indenture, or a successor trustee thereto under the  Amended Indenture, shall have signed the form of certificate endorsed hereon.               IN WITNESS WHEREOF, Potomac Electric Power Company has caused this Bond to be  signed in its name by the signature (or a facsimile thereof) of its President or a Vice President, and its  corporate seal (or a facsimile thereof) to be hereto affixed and attested by the facsimile signature of its  Secretary or an Assistant Secretary.   Dated:                                       POTOMAC ELECTRIC POWER COMPANY                                       By                                                                                 Phillip S. Barnett, Senior Vice President, Chief                                         Financial Officer and Treasurer   Attest:                                   Assistant Secretary                                             6    

 

                          [FORM OF TRUSTEE’S CERTIFICATE]               This Bond is one of the Bonds, of the series designated therein, described in the within- mentioned Amended Indenture and the Supplemental Indenture dated as of ______, 2019.               Dated:                        The Bank of New York Mellon, as Trustee.                                             By                                                                                        Authorized Signatory              [TEXT APPEARING ON REVERSE SIDE OF BOND OF 3.45% SERIES]               This Bond is one of a duly authorized issue of Bonds of the Company (hereinafter called  the “Bonds”) in unlimited aggregate principal amount, of the series hereinafter specified, all issued and to  be issued under and equally secured (except in so far as any purchase or sinking fund or analogous  provisions for any particular series of Bonds, established by any indenture supplemental to the Amended  Indenture hereinafter mentioned, may afford additional security for such Bonds) by a mortgage and deed  of trust, dated July 1, 1936, executed by the Company to The Bank of New York Mellon as successor to  The Riggs National Bank of Washington, D.C. (herein called the “Trustee”), as trustee, as amended by  indentures supplemental thereto dated December 10, 1939, August 10, 1942, October 15, 1942, April 1,  1966, June 16, 1981, June 17, 1981, December 1, 1981, August 1, 1982, October 1, 1982, April 15, 1983,  November 1, 1985, March 1, 1986, November 1, 1986, March 1, 1987, September 16, 1987, May 1, 1989,  August 1, 1989, April 5, 1990, May 21, 1991, May 7, 1992, September 1, 1992, November 1, 1992,  March 1, 1993, March 2, 1993, July 1, 1993, August 20, 1993, September 29, 1993, September 30, 1993,  October 1, 1993, February 10, 1994, February 11, 1994, March 10, 1995, September 6, 1995, September  7, 1995, October 2, 1997, March 17, 1999, November 17, 2003, March 16, 2004, May 24, 2005, April 1,  2006, November 13, 2007, March 24, 2008, December 3, 2008, March 28, 2012, March 11, 2013,  November 14, 2013, March 11, 2014, March 9, 2015, May 15, 2017 and June 1, 2018, (said mortgage and  deed of trust, as so amended, being herein called the “Amended Indenture”) and all indentures  supplemental thereto, to which Amended Indenture and supplemental indentures reference is hereby made  for a description of the properties mortgaged and pledged, the nature and extent of the security, the rights  of the owners of the Bonds and of the Trustee in respect thereto, and the terms and conditions upon which  the Bonds are, and are to be, secured. To the extent permitted by, and as provided in, the Amended  Indenture, modifications or alterations of the Amended Indenture, or of any indenture supplemental  thereto, and of the rights and obligations of the Company and of the holders of the Bonds may be made  with the consent of the Company by an affirmative vote of not less than 60% in amount of the Bonds  entitled to vote then outstanding, at a meeting of Bondholders called and held as provided in the Amended  Indenture, and by an affirmative vote of not less than 60% in amount of the Bonds of any series entitled to  vote then outstanding and affected by such modification or alteration, in case one or more but less than all  of the series of Bonds then outstanding under the Amended Indenture are so affected; provided, however,  that no such modification or alteration shall be made which will affect the terms of payment of the  principal of, or interest on, this Bond, which are unconditional, or which reduces the percentage of Bonds  the affirmative vote of which is required for the making of such modifications or alterations.                                          7    

 

               This Bond is one of a series designated as the “First Mortgage Bonds, 3.45% Series due  June 13, 2029” (herein called the “Bonds of 3.45% Series”) of the Company, issued under and secured by  the Amended Indenture and all indentures supplemental thereto and described in the supplemental  indenture, dated as of May 2, 2019 between the Company and the Trustee, supplemental to the Amended  Indenture.               The Bonds of 3.45% Series shall be redeemable at the option of the Company prior to the  express date of the maturity hereof, in whole or in part, at any time; provided that the Company may not  redeem less than 5% of the aggregate principal amount of the Bonds of 3.45% Series in the case of any  partial redemption. The Company shall give notice of its intent to redeem such Bonds to the holders of  such Bonds of 3.45% Series at least 30 days but no more than 60 days prior to the date fixed for such  redemption (the “Redemption Date”).                Except as otherwise provided in the succeeding paragraph with respect to optional  redemption during the Prepayment Period (as defined herein), if the Company redeems all or any part of  the Bonds of 3.45% Series pursuant to the provisions of this paragraph, it shall pay an amount equal to  100% of the principal amount of the Bonds of 3.45% Series to be redeemed and a Make-Whole Amount,  which shall be calculated as follows:         “Make-Whole Amount” means, as determined by the Company, with respect to any Bond of  3.45% Series, an amount equal to the excess, if any, of the Discounted Value of the Remaining Scheduled  Payments with respect to the Called Principal of such Bond of 3.45% Series over the amount of such  Called Principal of such Bond of 3.45% Series, provided, that the Make-Whole Amount may in no event  be less than zero.  For the purposes of determining the Make-Whole Amount, the following terms have  the following meanings and each of which will be determined by the Company:            “Business Day” means any day other than a Saturday, a Sunday or a day on which           commercial banks in New York City are required or authorized to be closed.            “Called Principal” means, with respect to any Bond of 3.45% Series, the principal of such           Bond of 3.45% Series that is to be redeemed or has become or is declared to be immediately           due and payable pursuant to the Amended Indenture.            “Discounted Value” means, with respect to the Called Principal of any Bond of 3.45% Series,           the amount obtained by discounting all Remaining Scheduled Payments with respect to such           Called Principal from their respective scheduled due dates to the Settlement Date with respect           to such Called Principal, in accordance with accepted financial practice and at a discount           factor (applied on the same periodic basis as that on which interest on the Bonds of 3.45%           Series is payable) equal to the Reinvestment Yield with respect to such Called Principal.            “Reinvestment Yield” means, with respect to the Called Principal of any Bond of 3.45%           Series, the sum of (a) 0.50% plus (b) the yield to maturity implied by the “Ask Yield(s)”           reported as of 10:00 a.m. (New York City time) on the second Business Day preceding the           Settlement Date with respect to such Called Principal, on the display designated as “Page           PX1” (or such other display as may replace Page PX1) on Bloomberg Financial Markets for           the most recently issued actively traded on-the-run U.S. Treasury securities (“Reported”)           having a maturity equal to the Remaining Average Life of such Called Principal as of such           Settlement Date.  If there are no such U.S. Treasury securities Reported having a maturity           equal to such Remaining Average Life, then such implied yield to maturity will be                                         8    

 

                determined by (i) converting U.S. Treasury bill quotations to bond equivalent yields in  accordance with accepted financial practice and (ii) interpolating linearly between the “Ask  Yields” Reported for the applicable most recently issued actively traded on-the-run U.S.  Treasury securities with the maturities (1) closest to and greater than such Remaining  Average Life and (2) closest to and less than such Remaining Average Life.  The  Reinvestment Yield shall be rounded to the number of decimal places as appears in the  interest rate of the applicable Bond of 3.45% Series.   If such yields are not Reported or the yields Reported as of such time are not ascertainable  (including by way of interpolation), then “Reinvestment Yield” means, with respect to the  Called Principal of any Bond of 3.45% Series, the sum of (x) 0.50% plus (y) the yield to  maturity implied by the U.S. Treasury constant maturity yields reported, for the latest day for  which such yields have been so reported as of the second Business Day preceding the  Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release  H.15 (or any comparable successor publication) for the U.S. Treasury constant maturity  having a term equal to the Remaining Average Life of such Called Principal as of such  Settlement Date.  If there is no such U.S. Treasury constant maturity having a term equal to  such Remaining Average Life, such implied yield to maturity will be determined by  interpolating linearly between (1) the U.S. Treasury constant maturity so reported with the  term closest to and greater than such Remaining Average Life and (2) the U.S. Treasury  constant maturity so reported with the term closest to and less than such Remaining Average  Life.  The Reinvestment Yield shall be rounded to the number of decimal places as appears in  the interest rate of the applicable Bond of 3.45% Series.   “Remaining Average Life” means, with respect to any Called Principal, the number of years  obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained by  multiplying (a) the principal component of each Remaining Scheduled Payment with respect  to such Called Principal by (b) the number of years, computed on the basis of a 360-day year  comprised of twelve 30-day months and calculated to two decimal places, that will elapse  between the Settlement Date with respect to such Called Principal and the scheduled due date  of such Remaining Scheduled Payment.   “Remaining Scheduled Payments” means, with respect to the Called Principal of any Bond of  3.45% Series, all payments of such Called Principal and interest thereon that would be due  after the Settlement Date with respect to such Called Principal if no payment of such Called  Principal were made prior to its scheduled due date, provided that if such Settlement Date is  not a date on which interest payments are due to be made under the Bond of 3.45% Series,  then the amount of the next succeeding scheduled interest payment will be reduced by the  amount of interest accrued to such Settlement Date and required to be paid on such  Settlement Date.   “Settlement Date” means, with respect to the Called Principal of any Bond of 3.45% Series,  the date on which such Called Principal is to be prepaid or has become or is declared to be  immediately due and payable pursuant to the Amended Indenture, as the context requires.  The Company’s notice of redemption to the holders of Bonds of 3.45% Series shall specify  such date (which shall be a Business Day), the aggregate principal amount of the Bonds of  3.45% Series to be prepaid on such date, the principal amount of each Bond of 3.45% Series  held by such holder to be prepaid (determined in accordance with the next paragraph hereof),  and the interest to be paid on the prepayment date with respect to such principal amount  being prepaid, and shall be accompanied by a certificate of the chief financial officer,  principal accounting officer, treasurer, assistant treasurer or comptroller of the Company                                9                 

 

            (each, a “Senior Financial Officer”) as to the estimated Make-Whole Amount due in           connection with such prepayment (calculated as if the date of such notice were the date of the           prepayment), setting forth the details of such computation.  Two Business Days prior to such           prepayment, the Company shall deliver to the Trustee and each holder of Bonds of 3.45%           Series a certificate of a Senior Financial Officer specifying the calculation of such Make-          Whole Amount as of the specified prepayment date.               Provided that no default or event of default has occurred and is continuing, within ninety  days (90) days of the stated maturity date of the Bonds of 3.45% Series (the period from such date to the  stated maturity of the Bonds of 3.45% Series being referred to herein as the “Prepayment Period”), the  Company may, at its option, upon prior written notice as provided below, prepay all the Bonds of  the  3.45% Series at 100% of the principal amount so prepaid, together with interest on such principal amount  accrued to the date of prepayment and without any Make-Whole Amount.               In the case of each partial prepayment of the Bonds of 3.45% Series, the principal amount  of the Bonds of 3.45% Series to be prepaid shall be allocated among all of the Bonds of 3.45% Series at  the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts  thereof not theretofore called for prepayment.               In the case of each prepayment of Bonds of 3.45% Series, the principal amount of each  Bond of 3.45% Series to be prepaid shall mature and become due and payable on the date fixed for such  prepayment, together with interest on such principal amount accrued to such date and the applicable  Make-Whole Amount, if any.  From and after such date, unless the Company shall fail to pay such  principal amount when so due and payable, together with the interest and Make-Whole Amount, if any, as  aforesaid, interest on such principal amount shall cease to accrue.  Any Bond of 3.45% Series paid or  prepaid in full shall be surrendered to the Company and cancelled and shall not be reissued, and no Bond  of 3.45% Series shall be issued in lieu of any prepaid principal amount of any Bond of 3.45% Series.               The Company shall deliver to the Trustee before any Redemption Date for the Bonds of  3.45% Series its calculation of the amount applicable to such redemption. The Trustee shall be under no  duty to inquire into, may presume the correctness of, and shall be fully protected in acting upon, the  Company’s calculation of any redemption price of the Bonds of 3.45% Series.               If at the time notice of redemption is given the redemption moneys are not on deposit  with the Trustee, then the redemption shall be subject to the receipt of such moneys on or before the  Redemption Date, and such notice shall be of no effect unless such moneys are received.               In case an event of default, as defined in the Amended Indenture, shall occur, the  principal of all the Bonds at any such time outstanding under the Amended Indenture may be declared or  may become due and payable, upon the conditions and in the manner and with the effect provided in the  Amended Indenture. The Amended Indenture provides that such declaration may in certain events be  waived by the holders of a majority in principal amount of the Bonds entitled to vote then outstanding.               This Bond is transferable by the registered owner hereof, in person or by duly authorized  attorney, on the books of the Company to be kept for that purpose at the agency of the Company in the  Borough of Manhattan, The City of New York, upon surrender and cancellation of this Bond and on  presentation of a duly executed written instrument of transfer, and thereupon a new Bond or Bonds of the  same series, of the same aggregate principal amount and in authorized denominations will be issued to the  transferee or transferees in exchange therefor; and this Bond, with or without others of the same series,                                        10    

 

   may in like manner be exchanged for one or more new Bonds of the same series of other authorized  denominations but of the same aggregate principal amount; all subject to the terms and conditions set  forth in the Amended Indenture.               No recourse shall be had for the payment of the principal of, or the interest on, this Bond,  or for any claim based hereon or otherwise in respect hereof or of the Amended Indenture or any  indenture supplemental thereto, against any incorporator, or against any stockholder, director or officer,  past, present or future, of the Company or of any predecessor or successor corporation, either directly or  through the Company or any such predecessor or successor corporation, whether for amounts unpaid on  stock subscriptions or by virtue of any constitution, statute or rule of law, or by the enforcement of any  assessment or penalty or otherwise, all such liability, whether at common law, in equity, by any  constitution, statute or otherwise, of incorporators, stockholders, directors or officers being released by  every owner hereof by the acceptance of this Bond and as part of the consideration for the issue hereof,  and being likewise released by the terms of the Amended Indenture.                                   [END OF FORM]               SECTION 3. The Bonds of 3.45% Series shall be registered Bonds without coupons in  denominations of any multiple of $1,000, numbered consecutively upwards from R-1.                SECTION 4. The Bonds of 3.45% Series shall bear the following legend:   “THIS BOND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS  AMENDED, OR THE SECURITIES OR “BLUE SKY” LAWS OF ANY OTHER JURISDICTION,  AND MAY BE TRANSFERRED ONLY IN COMPLIANCE WITH SUCH REGISTRATION  REQUIREMENTS OR UNDER AN EXEMPTION THEREFROM.”               SECTION 5. In addition to the events of default described in Article IX of the Indenture,  an event of default with respect to the Bonds of 3.45% Series will include the additional events of default  described in Section 11 of the Bond Purchase Agreement between the Company and the initial holders of  the Bonds of 3.45% Series specified on Schedule A to the Bond Purchase Agreement.  The Trustee shall  not be deemed to have knowledge of any event of default under the Bond Purchase Agreement unless a  responsible officer of the Trustee shall have received written notice thereof from the Company or by the  holders of the Bonds of 3.45% Series then outstanding.               SECTION 6. In  order  to  enable  the  Trustee  to  comply  with  its  obligations  under  applicable tax laws, rules and regulations in effect from time to time (“Applicable Law”), the Company  shall provide to the Trustee, following written request from the Trustee, such information concerning the  holders of the Bonds of 3.45% Series as the Trustee may reasonably request in order to determine whether  the Trustee has any tax-related obligations under Applicable Law with respect to the payments made to  holders of the Bonds of 3.45% Series, but only to the extent (a) such information is in the Company’s  possession, (b) such information is not subject to any confidentiality or similar agreement or undertaking  or otherwise deemed by the Company to be confidential and (c) providing such information to the Trustee  does not, in the judgment of the Company, breach or violate or constitute a default under any applicable  laws, rules or regulations or any instrument or agreement to which the Company of any of its affiliates is                                         11    

 

   a party or may be bound. The Company, the Trustee or any paying agent for the Bonds of 3.45% Series  shall  be  permitted  to  make  any  withholding  or  deduction  from  the  amount  of  principal  and  interest  payable  to  holders  of  the Bonds  of 3.45%  Series  to  the  extent  required  under  Applicable  Law.  Each  holder of the Bonds  of 3.45% Series  by accepting such  bond shall be  deemed  to have  agreed that the  Company may provide to the Trustee such information concerning such holder as the Trustee may request  in  order  to  determine  whether  the  Trustee  has  any  tax-related  obligations  under  Applicable  Law  with  respect to the payments made to such holder under this Supplemental Indenture; and such agreement by  each holder is part of the consideration for the issuance of the Bonds of 3.45% Series.               SECTION 7. Until Bonds of 3.45% Series in definitive form are ready for delivery, the  Company may execute, and upon its request in writing the Trustee shall authenticate and deliver, in lieu  thereof, Bonds for such series in temporary form, as provided in Section 9 of Article II of the Original  Indenture as amended.                                      PART II.                                 ISSUE OF BONDS.               SECTION 1. There is no limit as to the maximum principal amount of Bonds of 3.45%  Series that may be authenticated and delivered by the Trustee or which may at any one time be  outstanding, except as the Original Indenture as amended limits the principal amount of Bonds which may  be issued thereunder.               SECTION 2. Subsequent to the execution and delivery hereof, Bonds of 3.45% Series in  the aggregate principal amount of $150,000,000, being the initial issue of Bonds of 3.45% Series, shall  each forthwith be executed by the Company and delivered to the Trustee and shall be authenticated by the  Trustee and delivered (either before or after the recording hereof) to or upon the order of the Company  evidenced by a writing or writings, signed by its President or one of its Vice Presidents and its Treasurer  or one of its Assistant Treasurers, at such time or times as may be requested by the Company subsequent  to the receipt by the Trustee of:               (1) the certified resolution and the officers’ certificate required by Section 3(a) and  Section 3(b) of Article III of the Original Indenture as amended;               (2)   the opinion of counsel required by Section 3(c) of Article III of the Original  Indenture as amended;               (3)   cash, if any, in the amount required to be deposited by Section 3(d) of Article III  of the Original Indenture as amended, which shall be held and applied by the Trustee as provided in said  Section 3(d);               (4)   the officer’s certificate required by Section 7(a) of Article III of the Original  Indenture as amended; and               (5)   the certificates and opinions required by Article XVIII of the Original Indenture  as amended.                                         12    

 

               SECTION 3. Subsequent to the execution and delivery hereof and subject to Section 1 of  this Part III, additional Bonds of 3.45% Series in an unlimited principal amount may be executed by the  Company and delivered to the Trustee and shall be authenticated by the Trustee and delivered to or upon  the order of the Company evidenced by a writing or writings, signed by its President or one of its Vice  Presidents and its Treasurer or one of its Assistant Treasurers, at such time or times as may be requested  by the Company subsequent to the receipt by the Trustee of such resolutions, certificates and opinions as  are required by the terms of the Original Indenture as amended and compliance with all provisions of the  Original Indenture as amended applicable to the authentication and delivery of Bonds of 3.45% Series.                                      PART III.                    REDEMPTION AND CANCELLATION OF BONDS.               SECTION 1. The Bonds of 3.45% Series shall, in accordance with the provisions of  Article V of the Original Indenture as amended, be redeemable, at any time or from time to time prior to  maturity, at the option of the Company, either as a whole or in part by lot, as set forth in the form of Bond  of 3.45% Series contained in Section 2 of Part I hereof.               SECTION 2. In accordance with the provisions of Article V of the Original Indenture as  amended, notice of any redemption shall be sent by the Company through the mails, postage prepaid, at  least 30 days and not more than 60 days prior to the date of redemption, to the registered owners of any of  the Bonds to be redeemed at their addresses as the same shall appear on the transfer register of the  Company.               SECTION 3. All Bonds delivered to or redeemed by the Trustee pursuant to the  provisions of this Part IV shall forthwith be cancelled.                                      PART IV.               ADDITIONAL PARTICULAR COVENANTS OF THE COMPANY.               The Company hereby covenants, warrants and agrees that so long as any Bonds of 3.45%  Series are outstanding:               SECTION 1. The Company will not withdraw, pursuant to the provisions of Section 2 of  Article VIII of the Original Indenture as amended, any moneys held by the Trustee as part of the trust  estate in excess of an amount equal to the aggregate principal amount of such of the refundable Bonds as  were theretofore issued by the Company; and that upon any such withdrawal by the Company refundable  Bonds equal in aggregate principal amount to the amount so withdrawn shall be deemed to have been  made the basis of such withdrawal.               SECTION 2. Property additions purchased, constructed or otherwise acquired on or  before December 31, 1946 shall not be made the basis for the authentication and delivery of Bonds, or the  withdrawal of cash, or the reduction of the amount of cash required to be paid to the Trustee under any  provision of the Original Indenture as amended.                                          13    

 

                                      PART V.       AMENDMENT OF INDENTURE TO PERMIT QUALIFICATION UNDER THE TRUST                                 INDENTURE ACT.               The Company and the Trustee, from time to time and at any time, without any vote or  consent of the holders of the Bonds of 3.45% Series, may enter into such indentures supplemental to the  Original Indenture as may or shall by them be deemed necessary or desirable to add to or modify or  amend any of the provisions of the Original Indenture so as to permit the qualification of the Original  Indenture under the Trust Indenture Act.               Except to the extent specifically provided herein, no provision of this Supplemental  Indenture is intended to modify, and the parties hereto do hereby adopt and confirm, the provisions of  Section 318(c) of the Trust Indenture Act which amend and supersede provisions of the Original  Indenture, as supplemented, in effect prior to November 15, 1990.                                      PART VI.                                  THE TRUSTEE.               The Trustee hereby accepts the trusts hereby declared and provided and agrees to perform  the same upon the terms and conditions in the Original Indenture as amended set forth and upon the  following terms and conditions:               The Trustee shall not be responsible in any manner whatsoever for or in respect of the  validity or sufficiency of this Supplemental Indenture or the due execution hereof by the Company or for  or in respect of the recitals contained herein, all of which recitals are made by the Company solely. In  general, each and every term and condition contained in Article XIII of the Original Indenture as  amended shall apply to this Supplemental Indenture with the same force and effect as if the same were  herein set forth in full, with such omissions, variations and modifications thereof as may be appropriate to  make the same conform to this Supplemental Indenture.                                     PART VII.                           MISCELLANEOUS PROVISIONS.               This Supplemental Indenture may be simultaneously executed in any number of  counterparts, each of which when so executed shall be deemed to be an original; but such counterparts  shall together constitute but one and the same instrument.               The Company hereby constitutes and appoints Wendy E. Stark, one of its Vice  Presidents, to be its true and lawful attorney-in-fact, for it and in its name to appear before any officer  authorized by law to take and certify acknowledgments of deeds to be recorded in the District of  Columbia, in the State of Maryland, in the Commonwealth of Virginia, and in the Commonwealth of  Pennsylvania and to acknowledge and deliver these presents as the act and deed of said Company.               The Bank of New York Mellon, hereby constitutes and appoints Laurence J. O’Brien, one  of its Vice Presidents, to be its true and lawful attorney-in-fact, for it and in its name to appear before any  officer authorized by law to take and certify acknowledgments of deeds to be recorded in the District of                                         14    

 

   Columbia, in the State of Maryland, in the Commonwealth of Virginia, and in the Commonwealth of  Pennsylvania and to acknowledge and deliver these presents as the act and deed of said The Bank of New  York Mellon.                             (SIGNATURE PAGE FOLLOWS)                                          15    

 

                 IN WITNESS WHEREOF, said Potomac Electric Power Company has caused this  Supplemental Indenture to be executed on its behalf by its President or one of its Vice Presidents and its  corporate seal to be hereto affixed and said seal and this Supplemental Indenture to be attested by its  Secretary or one of its Assistant Secretaries; and said The Bank of New York Mellon, in evidence of its  acceptance of the trust hereby created, has caused this Supplemental Indenture to be executed on its  behalf by one of its Vice Presidents, and its corporate seal to be hereto affixed and said seal and this  Supplemental Indenture to be attested by one of its authorized officers, all as of the 30th day of May,  2019.                                             Potomac Electric Power Company   (Corporate Seal)                          By _____________/S/____________________                                                        Wendy E. Stark                                                Vice President and General Counsel   Attested:   ___________________/S_______________________                 Brian J. Buck               Assistant Secretary            Signed, sealed and delivered by         Potomac Electric Power Company in                 the presence of:   ______________________/S/_____________________   ______________________/S/_____________________                   As Witnesses                               Company Signature Page  

 

                                             The Bank of New York Mellon, as Trustee   (Corporate Seal)                          By       /S/_______________________  Attested:                                           Laurence J. O’Brien                                                        Vice President                /S________________________                  Latoya Elvin                 Vice President          Signed, sealed and delivered by The       Bank of New York Mellon in the presence                     of:   _____________________/S/______________________   _____________________/S_______________________                   As Witnesses    Trustee’s Signature Page  

 

   City of Washington,   District of Columbia, ss.:               I, Denise J. Wojcik, a Notary Public in and for the District of Columbia, United States of  America, do hereby certify that Wendy E. Stark and Brian J. Buck, whose names as Vice President and  General Counsel and Assistant Secretary, respectively, of Potomac Electric Power Company, a  corporation, are signed to the foregoing and hereto attached deed, bearing date as of the ____  day of  May, 2019, personally appeared this day before me in my District aforesaid and acknowledged  themselves to be, respectively, the Vice President and General Counsel and the Assistant Secretary of  Potomac Electric Power Company, and that they as such, being authorized so to do, executed the said  deed by signing the name of Potomac Electric Power Company by Wendy E. Stark as Vice President and  General Counsel, and attested by Brian J. Buck, as Assistant Secretary, and acknowledged the same  before me in my District aforesaid and acknowledged the foregoing instrument to be the act and deed of  Potomac Electric Power Company.               Given under my hand and official seal this 30th day of May, 2019.   (Notarial Seal)                                       _______________/S___________________                                      Notary Public                                       District of Columbia                                       My Commission Expires: January 14, 2023   Certification:   This document was prepared under the supervision of an attorney admitted to practice before the Court of  Appeals of Maryland, or by or on behalf of one of the parties named in the within instrument.                                       ___________________/S____________________                                      Brian J. Buck, Esq                         

 

   City of Washington,   District of Columbia, ss.:               I, Denise J. Wojcik, a Notary Public in and for the District of Columbia, United States of  America, do hereby certify that Wendy E. Stark, a Vice President and General Counsel of Potomac  Electric Power Company, a corporation, one of the parties to the foregoing instrument bearing date as of  the 30th day of May, 2019, and hereto annexed, this day personally appeared before me in the City of  Washington, the said Wendy E. Stark being personally well known to me as the person who executed the  said instrument as a Vice President and General Counsel of and on behalf of said Potomac Electric Power  Company and known to me to be the attorney-in-fact duly appointed therein to acknowledge and deliver  said instrument on behalf of said corporation, and, as such attorney-in-fact, she acknowledged said  instrument to be the act and deed of said Potomac Electric Power Company, and delivered the same as  such. I further certify that the said Wendy E. Stark, being by me duly sworn, did depose and say that she  knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal and was  so affixed by order of the Board of Directors of said corporation; and that she signed her name thereto by  like order.                Given under my hand and official seal this 30th day of May, 2019.   (Notarial Seal)                                       _______________/S______________________                                      Notary Public                                       District of Columbia                                       My Commission Expires: January 14, 2023                                 

 

   STATE OF NEW JERSEY :        SS:  COUNTY OF PASSAIC    :                 On the 30th day of May 2019, before me personally came Laurence J. O’Brien and Latoya  Elvin, to me known, who, being by me duly sworn, did depose and say that he/she is the Vice President of  THE BANK OF NEW YORK MELLON, the New York banking corporation described in and which  executed the forgoing instrument, dated the date hereof; and that he/she signed his/her name thereto on  behalf of THE BANK OF NEW YORK MELLON by order of the board of directors of said corporation.                (Notarial Seal)                                       ______________/S/_____________________________                                      Notary Public                                                                           

 

     STATE OF NEW JERSEY :        SS:  COUNTY OF PASSAIC    :           On the 30th day of May, 2019, before me personally came Laurence J. O’Brien, to me known,  who, being by me duly sworn, did depose and say that he is the Vice President of THE BANK OF NEW  YORK MELLON, the New York banking corporation described in and which executed the forgoing  instrument; and that he is the Vice President of said Trustee for the purpose of perfecting such  Supplemental Indenture and that the consideration in the Original Indenture referred to therein and in all  indentures supplemental to said Original Indenture, including the foregoing Supplemental Indenture, is  true and bona fide as therein set forth.    (Notarial Seal)                                         _______________/S/_________________________                                      Notary Public                                                                           

 

   STATE OF NEW JERSEY :        SS:  COUNTY OF PASSAIC    :                 I, Rosemarie Socorro-Greco, a Notary Public in and for the State of New Jersey, County  of Passaic, United States of America, do hereby certify that Laurence J. O’Brien, a Vice President of The  Bank of New York Mellon, a New York banking corporation, one of the parties to the foregoing  instrument bearing date as of the 30th day of May 2019 and hereto annexed, this day personally appeared  before me, the said Vice President, being personally well known to me as the person who executed the  said instrument as a Vice President of and on behalf of said The Bank of New York Mellon, and known to  me to be the attorney-in-fact duly appointed therein to acknowledge and deliver said instrument on behalf  of said corporation, and, as such attorney-in-fact, he acknowledged said instrument to be the act and deed  of said The Bank of New York Mellon, and delivered the same as such. I further certify that the said  Laurence J. O’Brien, being by me duly sworn, did depose and say that he knows the seal of said  corporation; that the seal affixed to said instrument is such corporate seal and was so affixed by order of  the Board of Directors of said corporation; and that he signed his name thereto by like order.                   (Notarial Seal)                                       ________________/S________________________                                      Notary Public                                      Notary Public, State of New Jersey                                       My Commission Expires: December 5, 2021                                                                          

 

                             CERTIFICATE OF RESIDENCE               The Bank of New York Mellon, Mortgagee and Trustee within named, hereby certifies  that its precise address is 240 Greenwich Street, New York, New York 10286.                                             The Bank of New York Mellon, as Trustee                                             By: __________/S/______________________                                                Laurence J. O’Brien                                                 Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}]]