Document:

EX-4.1

 Exhibit 4.1 

TO BE RECORDED AND WHEN 
 RECORDED RETURN TO: 

Hunton Andrews Kurth LLP 
 550 South Hope Street, Suite 2000 

Los Angeles, CA 90071 
 Attention: Robert M. Johnson, Esq. 

 
  

SEVENTH SUPPLEMENTAL INDENTURE 

Dated as of November 16, 2020 

SUPPLEMENT TO INDENTURE OF MORTGAGE 

Dated as of June 19, 2020 
  

 
 PACIFIC GAS
AND ELECTRIC COMPANY 
 ISSUER (MORTGAGOR) 

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

 
  

 

 TABLE OF CONTENTS 

 

					
	 ARTICLE I DEFINITIONS
	  	 	1	 
	 ARTICLE II ESTABLISHMENT OF FLOATING RATE FIRST MORTGAGE BONDS DUE 2021
	  	 	6	 
	 ARTICLE III AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	11	 
	 ARTICLE IV COVENANTS
	  	 	11	 
	 ARTICLE V MISCELLANEOUS
	  	 	11	 
		
	EXHIBIT A FORM OF FLOATING RATE FIRST MORTGAGE BOND DUE 2021	  	 	A-1	 

  

  
 i 

 SEVENTH SUPPLEMENTAL INDENTURE, dated as of November 16, 2020 (this
“Seventh Supplemental Indenture”), by and between PACIFIC GAS AND ELECTRIC COMPANY, a California corporation (the “Company”), as Mortgagor, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a
national banking association, as Trustee under the Mortgage Indenture (as hereinafter defined) and Mortgagee (the “Trustee”). 

RECITALS OF THE COMPANY 

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

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

C.    Pursuant to Section 3.01 of the Mortgage Indenture, the Company and the Trustee deem it advisable to enter into
this Seventh Supplemental Indenture for the purposes of establishing the terms of one series of Bonds. 
 D.    The
execution and delivery of this Seventh Supplemental Indenture has been authorized by a Board Resolution (as defined in the Mortgage Indenture). 

E.    Concurrent with the execution hereof, the Company has caused its counsel to deliver to the Trustee an Opinion of
Counsel (as defined in the Mortgage Indenture) pursuant to Section 14.03 of the Mortgage Indenture. 
 F.    The
Company has done all things necessary to make this Seventh Supplemental Indenture a valid agreement of the Company in accordance with its terms. 

NOW, THEREFORE, the Company and the Trustee agree, for the benefit of each other and the equal and proportionate benefit of all Holders of the
Bonds established hereby, as follows: 
 ARTICLE I 

DEFINITIONS 

Unless the context otherwise requires, capitalized terms used but not defined herein have the meaning set forth in the Mortgage Indenture.

 The words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Seventh
Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. 

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

“Benchmark” means, initially, three-month U.S. dollar LIBOR; provided that if a Benchmark Transition Event and its related
Benchmark Replacement Date have occurred with respect to three-month U.S. dollar LIBOR or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement. 

“Benchmark Replacement” means the Interpolated Benchmark with respect to the then-current Benchmark, plus the Benchmark
Replacement Adjustment for such Benchmark; provided that if the Company (or the Designee) cannot determine the Interpolated Benchmark as of the Benchmark Replacement Date, then “Benchmark Replacement” means the first alternative set forth
in the order below that can be determined by the Company (or the Designee) as of the Benchmark Replacement Date: 
  

	 	(1)	 the sum of (a) Term SOFR and (b) the Benchmark Replacement Adjustment; 

 

	 	(2)	 the sum of (a) Compounded SOFR and (b) the Benchmark Replacement Adjustment; 

 

	 	(3)	 the sum of (a) the alternate rate of interest that has been selected or recommended by the Relevant
Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (b) the Benchmark Replacement Adjustment; 

  

	 	(4)	 the sum of (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; and

  

	 	(5)	 the sum of (a) the alternate rate of interest that has been selected by the Company (or the Designee) as
the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar-denominated floating rate debt
securities at such time and (b) the Benchmark Replacement Adjustment. 

 “Benchmark Replacement
Adjustment” means the first alternative set forth in the order below that can be determined by the Company (or the Designee) as of the Benchmark Replacement Date: 
  

	 	(1)	 the spread adjustment, or method for calculating or determining such spread adjustment (which may be a positive
or negative value or zero), that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement; 

  

	 	(2)	 if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, then the ISDA
Fallback Adjustment; and 

  
 2 

	 	(3)	 the spread adjustment (which may be a positive or negative value or zero) that has been selected by the Company
(or the Designee) giving due consideration to any industry-accepted spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark
Replacement for U.S. dollar-denominated floating rate debt securities at such time. 

 “Benchmark Replacement
Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “interest period,” timing and frequency of determining rates and
making payments of interest, rounding of amounts or tenors, changes to the definition of “Corresponding Tenor” solely when such tenor is longer than the interest period and other administrative matters) that the Company (or the Designee)
decides may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if the Company (or the Designee) decides that adoption of any portion of such market practice is not
administratively feasible or if the Company (or the Designee) determines that no market practice for use of the Benchmark Replacement exists, in such other manner as the Company (or the Designee) determines is reasonably necessary). 

“Benchmark Replacement Date” means the earliest to occur of the following events with respect to the then-current Benchmark:

  

	 	(1)	 in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of
(a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the Benchmark permanently or indefinitely ceases to provide the Benchmark; and 

 

	 	(3)	 in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the
public statement or publication of information referenced therein. 

 For the avoidance of doubt, if the event giving rise to the
Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination. 

“Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the then-current
Benchmark: 
  

	 	(1)	 a public statement or publication of information by or on behalf of the administrator of the Benchmark
announcing that such administrator has ceased or will cease to provide the Benchmark, permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the
Benchmark; 

  

	 	(2)	 a public statement or publication of information by the regulatory supervisor for the administrator of the
Benchmark, the central bank for the currency of the Benchmark, an insolvency official with jurisdiction over the administrator for the Benchmark, a resolution authority with jurisdiction over the administrator for the

  
 3 

	 	
Benchmark or a court or an entity with similar insolvency or resolution authority over the administrator for the Benchmark, which states that the administrator of the Benchmark has ceased or will
cease to provide the Benchmark permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark; or 

 

	 	(3)	 a public statement or publication of information by the regulatory supervisor for the administrator of the
Benchmark announcing that the Benchmark is no longer representative. 

 “Calculation Agency Agreement”
means the Calculation Agency Agreement, dated as of November 16, 2020, by and between the Calculation Agent and the Company, as such agreement may be amended, modified or supplemented from time to time. 

“Calculation Agent” has the meaning set forth in Section 205(a). 

“Compounded SOFR” means the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology
for this rate, and conventions for this rate being established by the Company (or the Designee) in accordance with: 
  

	 	(1)	 the rate, or methodology for this rate, and conventions for this rate selected or recommended by the Relevant
Governmental Body for determining compounded SOFR; provided that: 

  

	 	(2)	 if and to the extent that the Company (or the Designee) determines that Compounded SOFR cannot be determined in
accordance with clause (1) above, then the rate, or methodology for this rate, and conventions for this rate that have been selected by the Company (or the Designee) giving due consideration to any industry-accepted market practice for U.S.
dollar-denominated floating rate debt securities at such time. 

 For the avoidance of doubt, the calculation of Compounded SOFR shall
exclude the Benchmark Replacement Adjustment and the Margin. 
 “Corresponding Tenor” with respect to a Benchmark
Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark. 

“Designee” has the meaning set forth in Section 205(a). 

“DTC” means The Depository Trust Company. 

“Floating Rate Bonds” has the meaning set forth in Section 201. 

“Interest Determination Date” has the meaning set forth in Section 205. 

“Interest Rate” has the meaning set forth in Section 205(a). 

  
 4 

 “Interpolated Benchmark” with respect to the Benchmark means the rate
determined for the Corresponding Tenor by interpolating on a linear basis between (1) the Benchmark for the longest period (for which the Benchmark is available) that is shorter than the Corresponding Tenor and (2) the Benchmark for the
shortest period (for which the Benchmark is available) that is longer than the Corresponding Tenor. 
 “ISDA Definitions”
means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives
published from time to time. 
 “ISDA Fallback Adjustment” means the spread adjustment (which may be a positive or negative
value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor. 

“ISDA Fallback Rate” means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be
effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor, excluding the applicable ISDA Fallback Adjustment. 

“LIBOR” means the three-month U.S. dollar London Interbank Offered Rate. 

“London Business Day” means any day on which dealings in United States dollars are transacted on the London interbank market.

 “Margin” has the meaning provided in Section 205(a). 

“Original Issue Date” means November 16, 2020. 

“Reference Time” with respect to any determination of the Benchmark means (1) if the Benchmark is three-month U.S.
dollar LIBOR, 11:00 a.m. (London time) on the day that is two London banking days preceding the date of such determination, and (2) if the Benchmark is not three-month U.S. dollar LIBOR, the time determined by the Company (or the Designee) in
accordance with the Benchmark Replacement Conforming Changes. 
 “Relevant Governmental Body” means the Federal Reserve
Board and/or the NY Federal Reserve, or a committee officially endorsed or convened by the Federal Reserve Board and/or the NY Federal Reserve or any successor thereto. 

“Reuters Screen LIBOR01 Page” means the display designated on page “LIBOR01” on Reuters (or such other page as may
replace the LIBOR01 page on that service or any successor service for the purpose of displaying LIBOR for U.S. dollar deposits of major banks). 

“SOFR” with respect to any day means the secured overnight financing rate published for such day by the NY Federal Reserve,
as the administrator of the benchmark, or a successor administrator, on the website of the NY Federal Reserve at http://www.newyorkfed.org, or any successor source. 

  
 5 

 “Term SOFR” means the forward-looking term rate for the applicable
Corresponding Tenor based on SOFR that has been selected or recommended by the Relevant Governmental Body. 
 “Unadjusted Benchmark
Replacement” means the Benchmark Replacement, excluding the Benchmark Replacement Adjustment. 
 “U.S. Government
Securities” means any: 
  

	 	(1)	 security which is (i) a direct obligation of the United States for the payment of which the full faith and
credit of the United States is pledged or (ii) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of the United States the payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States, which, in the case of clause (i) or (ii), is not callable or redeemable at the option of the issuer of the obligation; and 

 

	 	(2)	 depositary receipt issued by a bank (as defined in the Securities Act) as custodian with respect to any
security specified in clause (a) above and held by such bank for the account of the holder of such depositary receipt or with respect to any specific payment of principal of or interest on any such security held by any such bank, provided that
(except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Securities or the
specific payment of interest on or principal of the U.S. Government Securities evidenced by such depositary receipt. 

ARTICLE II 

ESTABLISHMENT OF FLOATING RATE FIRST MORTGAGE BONDS DUE 2021 

 

	SECTION 201	     Establishment and Designation of the Floating Rate Bonds. 

Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a thirty-sixth
series of Bonds designated as the “Floating Rate First Mortgage Bonds due 2021” (“Floating Rate Bonds”). The Floating Rate Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject
to the terms of Article V of the Mortgage Indenture, and any additional Bonds issued and comprising Floating Rate Bonds shall have identical terms as the Floating Rate Bonds, except that the issue price, issue date and, in some cases, the first
Interest Payment Date may differ. 
  

	SECTION 202	     Form of Floating Rate Bonds. 

The Floating Rate Bonds shall be issued in the form of one or more Global Bonds in substantially the form set forth in Exhibit A. 

  
 6 

	SECTION 203	     Principal Amount. 

The Floating Rate Bonds shall be issued in an initial aggregate principal amount of $1,450,000,000. 

 

	SECTION 204	     Stated Maturity; Minimum Denominations. 

The Floating Rate Bonds shall have a Stated Maturity of November 15, 2021. 

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

 

	SECTION 205	     Interest. 

(a)    Except as set forth in this Section 205, the Floating Rate Bonds will bear interest for each interest period at
a rate determined by the Calculation Agent (as defined below). The Calculation Agent is The Bank of New York Mellon Trust Company, N.A., until such time as the Company appoints a successor calculation agent (herein called the “Calculation
Agent”, which term includes any successor Calculation Agent under the Mortgage Indenture). The interest rate for the Floating Rate Bonds (the “Interest Rate”) for a particular interest period will be a per annum rate equal
to LIBOR as determined on the applicable Interest Determination Date (as defined below) by the Calculation Agent plus 1.375% (the “Margin”). The Interest Rate on the Floating Rate Bonds will be reset on the first day of each
interest period other than the initial interest period (each an “Interest Reset Date”). Interest on the Floating Rate Bonds will be payable quarterly February 15, May 15, August 15 and November 15 of each year,
beginning February 15, 2021. An interest period is the period commencing on an Interest Payment Date (or, in the case of the initial interest period, commencing on November 16, 2020) and ending on the day preceding the next Interest
Payment Date. 
 The interest determination date for an interest period will be the second London Business Day preceding such interest
period (the “Interest Determination Date”). Promptly upon determination, the Calculation Agent will inform the Trustee and the Company, or as set forth in this Section 205, the Company or its designee (which may be an
independent financial advisor or such other designee of the Company (any of such entities, a “Designee”)) will inform the Trustee, of the Interest Rate for the next interest period. Absent manifest error, the determination of the
Interest Rate by the Calculation Agent, or as set forth in this Section 205, by the Company (or the Designee), shall be binding and conclusive on the Holders of the Floating Rate Bonds, the Trustee and the Company. For the avoidance of doubt,
in no event shall the Calculation Agent or the Trustee be the Designee. 
 In no event shall the Calculation Agent be responsible for
determining any substitute for LIBOR, or for making any adjustments to any alternative benchmark or spread thereon, the business day convention, interest determination dates or any other relevant methodology for calculating any such substitute or
successor benchmark. In connection with the foregoing, the Calculation Agent shall be entitled to conclusively rely on any determinations made by the Company (or the Designee) and shall have no liability for such actions taken at the direction of
the Company. 

  
 7 

 Any determination, decision or election that may be made by the Company (or the Designee) in
connection with a Benchmark Transition Event or a Benchmark Replacement, including any determination with respect to a rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or
date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, may be made in the Company’s (or the Designee’s) sole discretion, and, notwithstanding anything to the
contrary herein, will become effective without consent from any other party. None of the Trustee or the Calculation Agent will have any liability for any determination made by or on behalf of the Company (or the Designee) in connection with a
Benchmark Transition Event or a Benchmark Replacement. 
 On any Interest Determination Date, LIBOR will be the rate for deposits in United
States dollars having a maturity of three months commencing on the first day of the applicable interest period that appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on that Interest Determination Date. 

(b)    Upon written request from any Holder of Floating Rate Bonds, the Calculation Agent will provide the Interest Rate
in effect for the Floating Rate Bonds for the current interest period and, if it has been determined, the Interest Rate to be in effect for the next interest period. 

(c)    All percentages resulting from any calculation of any Interest Rate for the Floating Rate Bonds will be rounded, if
necessary, to the nearest one hundred thousandth of a percentage point, with five one-millionths of a percentage point being rounded upwards (e.g., 8.986865% (or 0.08986865) being rounded to 8.98687% (or
0.0898687)) and all dollar amounts used in or resulting from such calculations will be rounded to the nearest cent (with one-half cent being rounded upwards). 

(d)    The Interest Rate on the Floating Rate Bonds will in no event be higher than the maximum rate permitted by New York
law as the same may be modified by United States laws of general application. Additionally, the Interest Rate on the Floating Rate Bonds will in no event be lower than zero. 

(e)    Interest on the Floating Rate Bonds will accrue from November 16, 2020, or from the most recent Interest
Payment Date to which interest has been paid or provided for. If any Interest Payment Date (other than the maturity date) falls on a date that is not a Business Day, the payment will be made on the next Business Day, except that if that Business Day
is in the immediately succeeding calendar month, the interest payment will be made on the next preceding Business Day, in each case with interest accruing to the applicable Interest Payment Date (as so adjusted). If the maturity date of the Floating
Rate Bonds falls on a day that is not a Business Day, then the related payment of principal and interest will be made on the next day that is a Business Day with the same effect as if made on the date that the payment was first due, and no interest
will accrue on the amount so payable for the period from the maturity date. Interest on the Floating Rate Bonds will be calculated on the basis of the actual number of days in each quarterly interest period and a
360-day year. 
 (f)    If LIBOR cannot be determined on the Interest
Determination Date as described in Section 205(a), the Calculation Agent will request the principal London offices of each of four 

  
 8 

 
major reference banks in the London interbank market, as selected by the Company, to provide the Calculation Agent with its offered quotation for deposits in United States dollars for the period
of three months, commencing on the first day of the applicable interest period, to prime banks in the London interbank market at approximately 11:00 a.m., London time, on that Interest Determination Date and in a principal amount that is
representative for a single transaction in United States dollars in that market at that time. If at least two quotations are provided, then LIBOR on that Interest Determination Date will be the arithmetic mean of those quotations. If fewer than two
quotations are provided, then LIBOR on the Interest Determination Date will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., in The City of New York, on the Interest Determination Date by three major banks in The City of New
York selected by the Company for loans in United States dollars to leading European banks, having a three-month maturity and in a principal amount that is representative for a single transaction in United States dollars in that market at that time;
provided that if the banks selected by the Company are not providing quotations in the manner described by this sentence, LIBOR will be the same as the rate determined for the immediately preceding Interest Reset Date or if there is no immediately
preceding Interest Reset Date, LIBOR will be the same as the rate determined for the initial interest period. 

(g)    Notwithstanding Sections 205(e) and 205(f), if the Company (or the Designee) determines on or prior to the relevant
Interest Determination Date that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the then current Benchmark, then (i) the Company shall promptly provide notice of such determination to the
Calculation Agent and (ii) the provisions set forth in Section 205(h) will thereafter apply to all determinations, calculations and quotations made or obtained for the purposes of calculating the rate and amount of interest payable on the
Floating Rate Bonds during the relevant interest period. In accordance with Section 205(h), after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the amount of interest that will be payable for each
interest period on the Floating Rate Bonds will be an annual rate equal to the sum of the Benchmark Replacement and the Margin as determined by the Company or its Designee. 

The foregoing notwithstanding, if the Company (or the Designee) determines that a Benchmark Transition Event and its related Benchmark
Replacement Date have occurred with respect to the then-current Benchmark, but for any reason the Benchmark Replacement has not been determined as of the relevant Interest Determination Date, the Interest Rate for the applicable interest period will
be equal to the Interest Rate on the last Interest Determination Date for the Floating Rate Bonds, as determined by the Company or its Designee. 

The Calculation Agent will, upon the request of any holder of the Floating Rate Bonds, provide the Interest Rate then in effect with respect
to the Floating Rate Bonds. All calculations made by the Calculation Agent in the absence of manifest error will be conclusive for all purposes and binding on the Company and the Holders of the Floating Rate Bonds. 

(h)    If the Company (or the Designee) determines that a Benchmark Transition Event and its related Benchmark Replacement
Date have occurred prior to the Reference Time in respect of any determination of the Benchmark on any date, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the Floating Rate Bonds in respect of such
determination on such date and all determinations on all subsequent dates. 

  
 9 

 In connection with the implementation of a Benchmark Replacement, the Company (or the
Designee) will have the right to make Benchmark Replacement Conforming Changes from time to time. 
 Any determination, decision, election
or calculation that may be made by the Company (or the Designee) pursuant to this Section 205(h), including any determination with respect to tenor, rate or adjustment or of the occurrence or
non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, will be made in the
Company’s (or the Designee’s) sole discretion, and, notwithstanding anything to the contrary in the documentation relating to the Floating Rate Bonds, shall become effective without consent from the Holders of the Floating Rate Bonds or
any other party. 
  

	SECTION 206	     No Sinking Fund. 

No sinking fund is provided for any of the Floating Rate Bonds. 
  

	SECTION 207	     Paying Agent and Bond Registrar. 

The Trustee is hereby appointed as initial Paying Agent and initial Bond Registrar for the Floating Rate Bonds. The Place of Payment of the
Floating Rate Bonds shall be the Corporate Trust Office of the Trustee. 
  

	SECTION 208	     Global Securities; Appointment of Depositary for Global Securities.

 The Floating Rate Bonds shall be issued in the form of one or more permanent Global Bonds as provided in
Section 3.14 of the Mortgage Indenture and deposited with, or on behalf of, the Depositary, or with the Trustee, as custodian for the Depositary, duly executed by the Company and authenticated by the Trustee. The Company hereby initially
appoints DTC to act as the Depositary with respect to all Floating Rate Bonds, and the Floating Rate Bonds shall initially be registered in the name of Cede & Co., as the nominee of DTC. 

The Company and DTC have executed a Blanket Letter of Representations, and the Trustee is hereby authorized, in connection with any successor
nominee for DTC or any successor Depositary, to enter into appropriate or comparable arrangements, if necessary, and shall have the same rights with respect to its actions thereunder as it has with respect to its actions under the Mortgage
Indenture. 
 None of the Company, the Trustee, any Paying Agent or any Bond Registrar will have any responsibility or liability for any
aspect of Depositary records relating to, or payments made on account of, beneficial ownership interests in a Global Bond or for maintaining, supervising or reviewing any Depositary records relating to such beneficial ownership interests, or for
transfers of beneficial interests in the Bonds or any transactions between the Depositary and beneficial owners. 
  

	SECTION 209	     Optional Redemption. 

(a)    The Floating Rate Bonds are not subject to optional redemption. 

  
 10 

	SECTION 210	     Other Terms of the Floating Rate Bonds. 

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

ARTICLE III 

AMENDMENT, SUPPLEMENT AND WAIVER 

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

ARTICLE IV 

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

ARTICLE V 

MISCELLANEOUS 
  

	SECTION 501	     Concerning the Trustee. 

The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Seventh Supplemental
Indenture or the due execution hereof by the Company, or for or in respect of the recitals and statements contained herein, all of which recitals and statements are made solely by the Company. Except as herein otherwise provided, no duties,
responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Seventh Supplemental Indenture other than as set forth in the Mortgage Indenture; and this Seventh Supplemental Indenture is executed
and accepted on behalf of the Trustee, subject to all the terms and conditions set forth in the Mortgage Indenture, as fully to all intents as if the same were herein set forth at length. 

 

	SECTION 502	     Application of Seventh Supplemental Indenture. 

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

  
 11 

	SECTION 503	     Headings. 

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

	SECTION 504	     Effective Date. 

This Seventh Supplemental Indenture shall be effective upon the execution and delivery hereof by each of the parties hereto. 

 

	SECTION 505	     Counterparts. 

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

	SECTION 506	     Governing Law. 

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

	SECTION 507	     Severability. 

In case any provision in this Seventh Supplemental Indenture or the Floating Rate Bonds shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

  
 12 

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

			
	 PACIFIC GAS AND ELECTRIC COMPANY,

as Issuer (Mortgagor)

		
	By:	 	 /s/ Margaret K. Becker

	Name: Margaret K. Becker
	Title:   Senior Director and Treasurer
	
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

as Trustee (Mortgagee)

		
	By:	 	 /s/ Tamara Klement-Ellis

	Name: Tamara Klement-Ellis
	Title:   Director

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

  

			
	STATE OF CALIFORNIA	  	}
		  	}
	COUNTY OF SAN FRANCISCO	  	}

 On November 10, 2020, before me, James Jenkins, personally appeared Margaret K. Becker, who proved to me on the basis of
satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in her authorized capacity, and that by her signature on the instrument the person, or the entity upon
behalf of which the person acted, executed the instrument. 
 I certify under PENALTY OF PERJURY under the laws of the State of California that the
foregoing paragraph is true and correct. 
 WITNESS my hand and official seal. 

/s/ James
Jenkins                                        

 James Jenkins 
 Comm. #2230637 

Notary Public-California 
 Alameda County 

My Comm. Expires Feb. 8, 2022 
 (Seal) 

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

  

			
	STATE OF FLORIDA	  	}
		  	}
	COUNTY OF DUVAL	  	}

 On November 12, 2020, before me, Nathan Turner, personally appeared Tamara Klement-Ellis, who proved to me on the basis
of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her authorized capacity, and that by her signature on the instrument the person(s), or the entity upon
behalf of which the person acted, executed the instrument. 
 WITNESS my hand and official seal. 

/s/ Nathan
Turner                                        

 Nathan Turner 
 My Commission # GG290182 

Expires January 9, 2023 
 (Seal) 

 EXHIBIT A 

[FORM OF FLOATING RATE FIRST MORTGAGE BOND DUE 2021] 

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

					
	 PRINCIPAL AMOUNT:
 $[●]
	  	 ORIGINAL ISSUE DATE:
 November 16,
2020
	  	 INTEREST RATE:
 LIBOR plus 1.375% per
annum

			
	 MATURITY DATE:
 November 15, 2021
	  	 INTEREST PAYMENT DATES:
 February 15,
May 15, August 15 and November 15 of each year, commencing February 15, 2021
	  	 THIS BOND IS A:
 [X] Global Book-Entry Bond

[    ] Certificated Bond

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

  
 A-1 

 PACIFIC GAS AND ELECTRIC COMPANY 

FLOATING RATE FIRST MORTGAGE BOND DUE 2021 

(Floating Rate) 
  

			
	No. [●]	 	Principal Amount: $[●]

 CUSIP [●] 

PACIFIC GAS AND ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State of California (herein called the
“Company,” which term includes any successor Person pursuant to the applicable provisions of the Mortgage Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., as nominee for The Depository
Trust Company, or registered assigns, the Principal Amount stated above on the Maturity Date stated above, and to pay interest thereon from and including the Original Issue Date stated above or, in the case of a Floating Rate First Mortgage Bond Due
2021 issued upon the registration of transfer or exchange, from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, quarterly in arrears on the Interest Payment Dates set forth above and on the
Maturity Date stated above, as described on the reverse hereof until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in
such Mortgage Indenture, be paid to the Person in whose name this Floating Rate First Mortgage Bond Due 2021 (this “Bond”) (or one or more Predecessor Bonds) is registered at the close of business on the Regular Record Date for such
interest, which shall be February 1, May 1, August 1 or November 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date; provided, however, that interest payable at the Maturity Date will
be paid to the Person to whom principal is payable. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this
Bond (or one or more Predecessor Bonds) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, as set forth in Section 3.07 of the Mortgage Indenture, notice
whereof shall be given to Holders of Bonds of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of the Mortgage Indenture and any securities
exchange, if any, on which the Bonds of this series may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in said Mortgage Indenture. 

Payments of interest on this Bond will include interest accrued to but excluding the respective Interest Payment Dates. 

Payment of principal of, premium, if any, and interest on the Bonds of this series shall be made in such coin or currency of the United States
of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if any, and interest on the Bonds of this series represented by a Global Bond shall be made by wire transfer of
immediately available funds to the Holder of such Global Bond, provided that, in the case of 

  
 A-2 

 
payments of principal and premium, if any, such Global Bond is first surrendered to the Paying Agent. If any of the Bonds of this series are no longer represented by a Global Bond,
(i) payments of principal, premium, if any, and interest due on the Maturity Date of such Bonds shall be made at the office of the Paying Agent upon surrender of such Bonds to the Paying Agent, and (ii) payments of interest shall be made,
at the option of the Company, subject to such surrender where applicable, (A) by check mailed to the address of the Person entitled thereto as such address shall appear in the Bond Register or (B) by wire transfer to registered Holders of
at least $10,000,000 in principal amount of Bonds at such place and to such account at a banking institution in the United States as such Holders may designate in writing to the Trustee at least sixteen (16) days prior to the date for payment.

 REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS BOND SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL
PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 

  
 A-3 

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

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

Dated:                      

 

					
	PACIFIC GAS AND ELECTRIC COMPANY
		
	By	 	  

		 	Name:	 	David Thomason
		 	Title:	 	Vice President, Chief Financial Officer and Controller
		
	By	 	  

		 	Name:	 	Margaret K. Becker
		 	Title:	 	Senior Director and Treasurer

  
 A-4 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Bonds of the series designated as Bonds of the Floating Rate First Mortgage Bonds due 2021 referred to in the
within-mentioned Mortgage Indenture. 

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

		 	Authorized Signatory

 Dated: 

  
 A-5 

 [FORM OF REVERSE OF FLOATING RATE FIRST MORTGAGE BOND DUE 2021] 

This Floating Rate First Mortgage Bond due 2021 is one of a duly authorized issue of Bonds of the Company (the “Bonds”),
issued and issuable in one or more series under and equally secured by an Indenture of Mortgage, dated as of June 19, 2020 (such Mortgage Indenture as originally executed and delivered and as supplemented or amended from time to time
thereafter, together with any constituent instruments establishing the terms of particular Bonds, being herein called the “Mortgage Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee
(herein called the “Trustee”, which term includes any successor trustee under the Mortgage Indenture), and reference is hereby made to the Mortgage Indenture for a description of the property mortgaged, pledged and held in trust,
the nature and extent of the security and the respective rights, limitations of rights, duties and immunities of the Company, the Trustee and the Holders of Bonds thereunder and of the terms and conditions upon which Bonds are, and are to be,
authenticated and delivered. The acceptance of this Bond shall be deemed to constitute the consent and agreement by the Holder hereof to all of the terms and provisions of the Mortgage Indenture. 

Except as set forth below, this Bond will bear interest for each interest period at a rate determined by the Calculation Agent (as defined
below). The Calculation Agent is The Bank of New York Mellon Trust Company, N.A., until such time as the Company appoints a successor calculation agent (herein called the “Calculation Agent”, which term includes any successor
Calculation Agent under the Mortgage Indenture). Interest payments on this Bond will be made quarterly in arrears on February 15, May 15, August 15 and November 15 of each year, beginning on February 15, 2021. The interest
rate for this Bond (the “Interest Rate”) for a particular interest period will be a per annum rate equal to LIBOR as determined on the applicable Interest Determination Date (as defined below) by the Calculation Agent plus 1.375%
(the “Margin”). The Interest Rate on this Bond will be reset on the first day of each interest period other than the initial interest period (each an “Interest Reset Date”). Interest on this Bond will be payable
quarterly February 15, May 15, August 15 and November 15 of each year, beginning February 15, 2021. An interest period is the period commencing on an Interest Payment Date (or, in the case of the initial interest period,
commencing on November 16, 2020) and ending on the day preceding the next Interest Payment Date. 
 The interest determination date for an
interest period will be the second London Business Day preceding such interest period (the “Interest Determination Date”). Promptly upon determination, the Calculation Agent will inform the Trustee and the Company or its designee
(which may be an independent financial advisor or such other designee of the Company (any of such entities, a “Designee”)) will inform the Trustee, of the Interest Rate for the next interest period. Absent manifest error, the
determination of the Interest Rate by the Calculation Agent, or in certain circumstances described below, by the Company (or the Designee), shall be binding and conclusive on the Holders of the Bonds of this series, the Trustee and the Company. For
the avoidance of doubt, in no event shall the Calculation Agent or the Trustee be the Designee. A “London Business Day” is a day on which dealings in deposits in U.S. dollars are transacted in the London interbank market. 

In no event shall the Calculation Agent be responsible for determining any substitute for LIBOR, or for making any adjustments to any
alternative benchmark or spread thereon, the 

  
 A-6 

 
business day convention, interest determination dates or any other relevant methodology for calculating any such substitute or successor benchmark. In connection with the foregoing, the
Calculation Agent shall be entitled to conclusively rely on any determinations made by the Company (or the Designee) and shall have no liability for such actions taken at the direction of the Company. 

Any determination, decision or election that may be made by the Company (or the Designee) in connection with a Benchmark Transition Event or a
Benchmark Replacement, including any determination with respect to a rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking
any action or any selection, will be conclusive and binding absent manifest error, may be made in the Company’s (or the Designee’s) sole discretion, and, notwithstanding anything to the contrary herein, will become effective without
consent from any other party. None of the Trustee or the Calculation Agent will have any liability for any determination made by or on behalf of the Company (or the Designee) in connection with a Benchmark Transition Event or a Benchmark
Replacement. 
 On any Interest Determination Date, LIBOR will be the rate for deposits in United States dollars having a maturity of three
months commencing on the first day of the applicable interest period that appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on that Interest Determination Date. 

Upon written request from any Holder of the Bonds of this series, the Calculation Agent will provide the Interest Rate in effect for the Bonds
of this series for the current interest period and, if it has been determined, the Interest Rate to be in effect for the next interest period. 

All percentages resulting from any calculation of any Interest Rate for the Bonds of this series will be rounded, if necessary, to the nearest
one hundred thousandth of a percentage point, with five one-millionths of a percentage point being rounded upwards (e.g., 8.986865% (or 0.08986865) being rounded to 8.98687% (or 0.0898687)) and all dollar
amounts used in or resulting from such calculations will be rounded to the nearest cent (with one-half cent being rounded upwards). 

The Interest Rate on the Bonds of this series will in no event be higher than the maximum rate permitted by New York law as the same may be
modified by United States laws of general application. Additionally, the Interest Rate on the Bonds of this series will in no event be lower than zero. 

Interest on the Bonds of this series will accrue from November 16, 2020, or from the most recent Interest Payment Date to which interest has
been paid or provided for. If any Interest Payment Date (other than the Maturity Date) falls on a date that is not a Business Day, the payment will be made on the next Business Day, except that if that Business Day is in the immediately succeeding
calendar month, the interest payment will be made on the next preceding Business Day, in each case with interest accruing to the applicable Interest Payment Date (as so adjusted). If the Maturity Date of the Bonds of this series falls on a day that
is not a Business Day, then the related payment of principal and interest will be made on the next day that is a Business Day with the same effect as if made on the date that the payment was first due, and no interest will accrue

  
 A-7 

 
on the amount so payable for the period from the Maturity Date. Interest on the Bonds of this series will be calculated on the basis of the actual number of days in each quarterly interest period
and a 360-day year. 
 If LIBOR cannot be determined on the Interest Determination Date as described
above, the Calculation Agent will request the principal London offices of each of four major reference banks in the London interbank market, as selected by the Company, to provide the Calculation Agent with its offered quotation for deposits in
United States dollars for the period of three months, commencing on the first day of the applicable interest period, to prime banks in the London interbank market at approximately 11:00 a.m., London time, on that Interest Determination Date and in a
principal amount that is representative for a single transaction in United States dollars in that market at that time. If at least two quotations are provided, then LIBOR on that Interest Determination Date will be the arithmetic mean of those
quotations. If fewer than two quotations are provided, then LIBOR on the Interest Determination Date will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., in The City of New York, on the Interest Determination Date by three
major banks in The City of New York selected by the Company for loans in United States dollars to leading European banks, having a three-month maturity and in a principal amount that is representative for a single transaction in United States
dollars in that market at that time; provided that if the banks selected by the Company are not providing quotations in the manner described by this sentence, LIBOR will be the same as the rate determined for the immediately preceding Interest Reset
Date or if there is no immediately preceding Interest Reset Date, LIBOR will be the same as the rate determined for the initial interest period. 

Notwithstanding the preceding two paragraphs, if the Company (or the Designee) determines on or prior to the relevant Interest Determination
Date that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the then current Benchmark, then the provisions set forth below under “Effect of Benchmark Transition Event”, which is referred
to as the “Benchmark Transition Provisions,” will thereafter apply to all determinations, calculations and quotations made or obtained for the purposes of calculating the rate and amount of interest payable on the bonds of this series
during the relevant interest period. In accordance with the Benchmark Transition Provisions, after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the amount of interest that will be payable for each interest
period will be an annual rate equal to the sum of the Benchmark Replacement and the Margin. 
 Effect of Benchmark Transition Event: 

If the Company (or the Designee) determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to
the Reference Time in respect of any determination of the Benchmark on any date, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the Bonds of this series in respect of such determination on such date
and all determinations on all subsequent dates. 
 In connection with the implementation of a Benchmark Replacement, the Company (or the
Designee) will have the right to make Benchmark Replacement Conforming Changes from time to time. 

  
 A-8 

 Any determination, decision, election or calculation that may be made by the Company (or the
Designee) pursuant to this Section titled “Effect of Benchmark Transition Event”, including any determination with respect to tenor, rate or adjustment or of the occurrence or nonoccurrence of an event, circumstance or date and any
decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, will be made in the Company’s (or the Designee’s) sole discretion, and, notwithstanding anything to the contrary in
the documentation relating to the Securities, shall become effective without consent from the Holders of the Bonds of this series or any other party. 

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

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

  
 A-9 

 
the Mortgage Indenture and their consequences. Any such consent or waiver by the Holder of this Bond shall be conclusive and binding upon such Holder and upon all future Holders of this Bond and
of any Bond issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Bond. 

As provided in and subject to the provisions of the Mortgage Indenture, the Holder of this Bond shall not have the right to institute any
proceeding with respect to the Mortgage Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default, the
Holders of at least 25% in aggregate principal amount of the Bonds at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable
indemnity, and the Trustee shall not have received from the Holders of at least a majority in aggregate principal amount of Bonds at the time Outstanding a direction inconsistent with such written request, and shall have failed to institute any such
proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Bond for the enforcement of any payment of principal hereof or any premium or interest
hereon on or after the respective due dates expressed herein. 
 No reference herein to the Mortgage Indenture and no provision of this Bond
or of the Mortgage Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Bond at the times, place and rate, and in the coin or currency,
herein prescribed. 
 As provided in the Mortgage Indenture and subject to certain limitations therein set forth, the transfer of this Bond
is registrable in the Bond Register, upon surrender of this Bond for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Bond are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or the Bond Registrar, as the case may be, duly executed by the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon
one or more new Bonds of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Bonds of this series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000
in excess thereof. As provided in the Mortgage Indenture and subject to certain limitations therein set forth, Bonds of this series are exchangeable for a like aggregate principal amount of Bonds of this series and of like tenor of a different
authorized denomination, as requested by the Holders surrendering the same. 
 No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Bond for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name this Bond is registered as the owner hereof for all purposes, whether or not this Bond is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

  
 A-10 

 This Bond shall be governed by, and construed and enforced in accordance with, the laws of
the State of New York without regard to the principles of conflicts of laws thereunder, except to the extent that the Trust Indenture Act shall be applicable. 

As provided in the Mortgage Indenture, no recourse shall be had for the payment of the principal of, premium, if any, or interest with respect
to this Bond, or any part thereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Mortgage Indenture, against any incorporator,
shareholder, officer or director, as such, past, present or future, of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any
constitutional provision, statute or rule of law or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that the Mortgage Indenture and all the Bonds are solely corporate obligations and that any
such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of the Mortgage Indenture and the issuance of this Bond. 

All terms used in this Bond which are not defined herein shall have the meanings assigned to them in the Mortgage Indenture. 

  
 A-11 

 ASSIGNMENT FORM 

 

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

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

     

	      

     

	      

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

 and irrevocably appoint
                                         
                                         
                                   to transfer this Bond on the books of the
Company. The agent may substitute another to act for him. 
 Date:
                     
  

			
	Your signature:	 	  

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

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

  
 A-12EX-4.2

 Exhibit 4.2 

CALCULATION AGENCY AGREEMENT 

BETWEEN 
 PACIFIC GAS AND ELECTRIC
COMPANY 
 AND 
 THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A. 
 FLOATING RATE FIRST MORTGAGE BONDS DUE 2021 

THIS AGREEMENT is made as of November 16, 2020, between Pacific Gas and Electric Company, a California corporation, whose principal
executive office is at 77 Beale Street, P.O. Box 770000, San Francisco, California 94117 (the “Corporation”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association, whose designated corporate trust office is
at 400 South Hope Street, Suite 500, Los Angeles, California 90071 (together with any successor, called the “Calculation Agent”). 

W I T N E S S E T H : 

WHEREAS, the Corporation has authorized the issuance of $1,450,000,000 aggregate principal amount of its Floating Rate First Mortgage Bonds
due November 15, 2021 (the “Bonds”). 
 WHEREAS, the Corporation proposes to issue the Bonds under and pursuant to the terms
of its Indenture of Mortgage, dated as of June 19, 2020 (the “Indenture”), between the Corporation and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), as previously supplemented and as further
supplemented by the Seventh Supplemental Indenture dated as of November 16, 2020 (the “Supplemental Indenture”) relating to the Bonds. Terms used but not defined herein shall have the meanings assigned to them in the Indenture, as
supplemented by the Supplemental Indenture. 
 WHEREAS, the Bonds are to bear interest at a rate per annum to be determined quarterly as set
forth in the Supplemental Indenture. 
 For the purpose of appointing an agent to calculate the Interest Rate applicable to the Bonds as
specified and described in the Supplemental Indenture, the Corporation and The Bank of New York Mellon Trust Company, N.A. hereby agree as follows: 

1.    Upon the terms and subject to the conditions contained herein, the Corporation hereby appoints the Calculation Agent
as its calculation agent and the Calculation Agent hereby accepts such appointment as the Corporation’s agent for the purpose of calculating the interest rates on the Bonds in the manner and at the times provided in the Bonds and the
Supplemental Indenture. 
 2.    On each interest determination date, the Calculation Agent shall determine the Interest
Rate applicable to the Bonds for the relevant Interest Period, as provided for and contemplated by the Supplemental Indenture. The Calculation Agent shall 

 
notify the Corporation and the Trustee of such Interest Rate promptly after the determination thereof. The Calculation Agent shall perform such other actions and undertake such other duties of
the Calculation Agent as are described in the Supplemental Indenture to be performed or undertaken by the Calculation Agent. All interest determinations and other actions and duties of the Calculation Agent that are described in the Supplemental
Indenture are incorporated herein by reference. The Calculation Agent shall not be responsible for determining the maximum rate of interest on any Bonds permitted by applicable law. 

3.    The Calculation Agent shall exercise due care to determine the interest rates on the Bonds and shall communicate the
same to the Corporation, the Trustee, The Depository Trust Company and any paying agent identified by the Corporation in writing as soon as practicable after each determination. The Calculation Agent will, upon the request of the Holder of any Bond,
provide the interest rate then in effect with respect to such Bond and, if determined, the interest rate with respect to such Bond which will become effective on the next Interest Payment Date. No amendment to the provisions of the Bonds relating to
the duties or obligations of the Calculation Agent hereunder may become effective without the prior written consent of the Calculation Agent, which consent shall not be unreasonably withheld. 

4.    The Calculation Agent accepts its obligations set forth herein, upon the terms and subject to the conditions hereof,
including the following, to all of which the Corporation agrees: 
 (a) The Calculation Agent shall be entitled to such
compensation as may be agreed upon with the Corporation for all services rendered by the Calculation Agent, and the Corporation shall pay such compensation and reimburse the Calculation Agent for the reasonable out-of-pocket expenses (including attorneys’ and other professionals’ fees and expenses) incurred by it in connection with the services rendered by it hereunder upon receipt of such invoices as the
Corporation shall reasonably require. The Corporation shall also indemnify the Calculation Agent for, and hold it harmless against, any and all loss, liability, damage, claim or expense (including the costs and expenses of defending against any
claim (regardless of who asserts such claim) of liability) incurred by the Calculation Agent that arises out of or in connection with its accepting appointment as, or acting as, Calculation Agent hereunder, except such as may result from the gross
negligence, willful misconduct or bad faith of the Calculation Agent or any of its agents or employees. The Calculation Agent shall incur no liability and shall be indemnified and held harmless by the Corporation for, or in respect of, any actions
taken, omitted to be taken or suffered to be taken in good faith by the Calculation Agent in reliance upon (i) the opinion or advice of legal or other professional advisors satisfactory to it or (ii) written instructions from the
Corporation. The Calculation Agent shall not be liable for any error resulting from the use of or reliance on a source of information used in good faith and with due care to calculate any interest rate hereunder. The provisions of this section shall
survive the termination of this Agreement. 

  
 - 2 - 

 (b) In acting under this Agreement and in connection with the Bonds, the
Calculation Agent is acting solely as agent of the Corporation and does not assume any obligations to or relationship of agency or trust for or with any of the owners or Holders of the Bonds. 

(c) The Calculation Agent shall be protected and shall incur no liability for or in respect of any action taken or omitted to
be taken or anything suffered by it in reliance upon the terms of the Bonds, any notice, direction, certificate, affidavit, statement or other paper, document or communication reasonably believed by it to be genuine and to have been approved or
signed by the proper party or parties. 
 (d) The Calculation Agent, its officers, directors, employees and shareholders may
become the owners of, or acquire any interest in, any Bonds, with the same rights that it or they would have if it were not the Calculation Agent, and may engage or be interested in any financial or other transaction with the Corporation as freely
as if it were not the Calculation Agent. 
 (e) Neither the Calculation Agent nor its officers, directors, employees, agents
or attorneys shall be liable to the Corporation for any act or omission hereunder, or for any error of judgment made in good faith by it or them, except in the case of its or their gross negligence, willful misconduct or bad faith. 

(f) The Calculation Agent may consult with counsel of its selection and the advice of such counsel or any opinion of counsel
shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 

(g) The Calculation Agent shall be obligated to perform such duties and only such duties as are herein specifically set forth,
including duties described in the Supplemental Indenture to be performed or undertaken by the Calculation Agent, as provided in Section 2 hereof, and no implied duties or obligations shall be read into this Agreement against the Calculation
Agent. 
 (h) Unless herein otherwise specifically provided, any order, certificate, notice, request, direction or other
communication from the Corporation made or given by it under any provision of this Agreement shall be sufficient if signed by any officer of the Corporation. 

(i) The Calculation Agent may perform any duties hereunder either directly or by or through agents or attorneys, and the
Calculation Agent shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 

  
 - 3 - 

 (j)    In no event shall the Calculation Agent be
responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Calculation Agent has been advised of the likelihood of such
loss or damage and regardless of the form of action. 
 (k)    In no event shall the Calculation Agent be
responsible or liable for any failure or delay in the performance of its obligations under this Agreement arising out of or caused by, directly or indirectly, forces beyond its reasonable control, including without limitation strikes, work
stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software or hardware) services; it
being understood that the Calculation Agent shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

(l)    In no event shall the Calculation Agent be required to expend or risk its own funds or provide
indemnities in the performance of any of its duties hereunder or the exercise of any of its rights or power or otherwise incur any financial liability in the performance of its duties or the exercise of any of its rights or powers hereunder. 

(m)    The Corporation will provide to the Calculation Agent at least 30 days’ written notice of any
proposed change to the Bonds in the form attached to the Supplemental Indenture that would affect the Calculation Agent’s duties and obligations under this Agreement. If in its good faith judgment, the Calculation Agent determines that such
change would materially and adversely affect the Calculation Agent’s duties and obligations under this Agreement, the Calculation Agent may resign in accordance with Section 5(a) hereof. 

5.    (a)    The Calculation Agent may at any time resign by giving written notice to the Corporation
of such intention on its part, specifying the date on which its desired resignation shall become effective; provided, however, that such date shall not be earlier than 30 days after the receipt of such notice by the Corporation, unless
the Corporation agrees in writing to accept a shorter notice. The Calculation Agent may be removed at any time upon 30 days’ notice by the filing with it of any instrument in writing signed on behalf of the Corporation and specifying such
removal and the date when it is intended to become effective. Such resignation or removal shall take effect upon the date of the appointment by the Corporation, as hereinafter provided, of a successor Calculation Agent. If within 30 days after
notice of resignation or removal has been given, a successor Calculation Agent has not been appointed, the Calculation Agent may, at the expense of the Corporation, petition a court of competent jurisdiction to appoint a successor Calculation Agent.
A successor Calculation Agent shall be appointed by the Corporation by an instrument in writing signed on behalf of the Corporation and the successor Calculation Agent. Upon the appointment of a successor Calculation Agent and acceptance by it of
such appointment, the Calculation Agent so succeeded shall cease to be such 

  
 - 4 - 

 
Calculation Agent hereunder. Upon its resignation or removal, the Calculation Agent shall be entitled to the payment by the Corporation of its compensation, if any is owed to it, for services
rendered hereunder and to the reimbursement of all reasonable out-of-pocket expenses incurred in connection with the services rendered by it hereunder and to the payment
of all other amounts owed to it hereunder. 
 (b)    Any successor Calculation Agent appointed hereunder shall execute
and deliver to its predecessor and to the Corporation an instrument accepting such appointment hereunder, and thereupon such successor Calculation Agent, without any further act, deed or conveyance, shall become vested with all the authority,
rights, powers, trusts, immunities, duties and obligations of such predecessor with like effect as if originally named as such Calculation Agent hereunder, and such predecessor, upon payment of its charges and disbursements then unpaid, shall
thereupon become obliged to transfer and deliver, and such successor Calculation Agent shall be entitled to receive, copies of any relevant records maintained by such predecessor Calculation Agent. 

(c)    Any corporation into which the Calculation Agent may be merged, or any corporation with which the Calculation Agent
may be consolidated, or any corporation resulting from any merger or consolidation or to which the Calculation Agent shall sell or otherwise transfer all or substantially all of its corporate trust assets or business shall, to the extent permitted
by applicable law, be the successor Calculation Agent under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto. Notice of any such merger, consolidation or sale shall forthwith be
given to the Corporation and the Trustee. 
 6.    Any notice required to be given hereunder shall be delivered in
person, sent by letter or facsimile or communicated by telephone (subject, in the case of communication by telephone, to confirmation dispatched within twenty-four hours by letter or by facsimile), in the case of the Corporation, Pacific Gas and
Electric Company, P.O. Box 770000, San Francisco, California 94177, telephone: (415) 973-1000, facsimile: (415) 973-6374, Attention: Treasurer, in the case of The Bank
of New York Mellon Trust Company, N.A., to Corporate Trust Administration, 400 South Hope Street, Suite 500, Los Angeles, California 90071, telephone: (213) 630-6175, facsimile: (213) 630-6298 and, in the case of The Depository Trust Company, to Manager Announcements, Dividend Department, The Depository Trust Company, 55 Water Street - 25th Floor, New York,
New York 10041, telephone: (212) 855-1000, facsimile: (212) 855-3726, or to any other address of which any party shall have notified the others in writing as herein
provided. Any notice hereunder given by telephone, facsimile or letter shall be deemed to be received when in the ordinary course of transmission or post, as the case may be, it would be received. 

The Calculation Agent agrees to accept and act upon instructions or directions pursuant to this Agreement sent by unsecured e-mail, pdf, facsimile transmission or other similar unsecured electronic methods, provided, however, that the Calculation Agent shall have received an incumbency certificate listing persons designated
to give such instructions or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. If the Corporation
elects to give the Calculation Agent e-mail or facsimile instructions (or instructions by a similar electronic method) and the Calculation Agent in its discretion elects to act upon such instructions, the
Calculation Agent’s 

  
 - 5 - 

 
understanding of such instructions shall be deemed controlling. The Calculation Agent shall not be liable for any losses, costs or expenses arising directly or indirectly from the Calculation
Agent’s reliance upon and compliance with such instructions prior to receipt of a subsequent written instruction. The Corporation agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions
to the Calculation Agent including without limitation the risk of the Calculation Agent acting on unauthorized instructions, and the risk or interception and misuse by third parties. 

7.    This Agreement and the Calculation Agent’s appointment as Calculation Agent hereunder shall be construed and
enforced in accordance with the laws of the State of New York applicable to agreements made and to be performed entirely within such state, and without regard to conflicts of laws principles, and shall inure to the benefit of, and the obligations
created hereby shall be binding upon, the successors and assigns of each of the parties hereto. 
 8.    This Agreement
may be executed by each of the parties hereto in any number of counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all such counterparts shall together constitute one and the same
agreement. 
 9.    In the event of any conflict relating to the rights or obligations of the Calculation Agent in
connection with the calculation of the interest rates on the Bonds, the relevant terms of this Agreement shall govern such rights and obligations. 

10.    EACH OF THE CORPORATION AND THE CALCULATION AGENT HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTION CONTEMPLATED HEREBY. Any legal action or proceeding with respect to this Agreement shall be brought
exclusively in the courts of the State of New York located in the City of New York, Borough of Manhattan, or of the United States of America for the Southern District of New York and, by execution and delivery of this Agreement, each party hereto
hereby accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid courts. The parties hereto hereby irrevocably waive any objection, including any objection to the laying of venue or based on
the grounds of forum non conveniens, that any of them may now or hereafter have to the bringing of any such action or proceeding in such jurisdiction. 

11.    The Calculation Agent, at the request of the Corporation, has determined, prior to the date of execution and
delivery of this Agreement, the initial interest rate for the Bonds. In connection with such determination, the Calculation Agent shall be entitled to the same rights, protections, exculpations and immunities otherwise available to it under this
Agreement. 
 12.    The recitals contained herein shall be taken as the statements of the Corporation and the
Calculation Agent assumes no responsibility for their correctness. 
 13.    In order to comply with laws, rules,
regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering and the Customer Identification

  
 - 6 - 

 
Program (“CIP”) requirements under the USA PATRIOT Act and its implementing regulations, pursuant to which the Calculation Agent must obtain, verify and record information that
allows the Calculation Agent to identify customers (“Applicable Law”), the Calculation Agent is required to obtain, verify and record certain information relating to individuals and entities which maintain a business relationship
with the Calculation Agent. Accordingly, the Corporation agrees to provide to the Calculation Agent upon its request from time to time such identifying information and documentation as may be available for such party in order to enable the
Calculation Agent to comply with Applicable Law, including, but not limited to, information as to name, physical address, tax identification number and other information that will help the Calculation Agent to identify and verify the Corporation,
such as organizational documents, certificates of good standing, licenses to do business or other pertinent identifying information. The Corporation understands and agrees that the Calculation Agent cannot determine the interest rates on the Bonds
unless and until the Calculation Agent verifies the identity of the Corporation in accordance with its CIP. 

14.    The Bank of New York Mellon Corporation is a global financial organization that provides services to clients
through its affiliates and subsidiaries in multiple jurisdictions (the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit, accounting, risk, legal, compliance, sales, administration, product communication,
relationship management, storage, compilation and analysis of customer-related data, and other functions (the “Centralized Functions”) in one or more affiliates, subsidiaries and third-party service providers. Notwithstanding anything
contained elsewhere in this Agreement, Corporation consents to the disclosure of and authorizes BNY Mellon to disclose information regarding Corporation to the BNY Mellon Group and to its third-party service providers who are subject to
confidentiality obligations with respect to such information, in connection with the Centralized Functions. In addition, the BNY Mellon Group may aggregate Corporation data with other data collected and/or calculated by the BNY Mellon Group and the
BNY Mellon Group will own all such aggregated data, provided that the BNY Mellon Group shall not distribute the aggregated data in a format that identifies Corporation or Corporation’s data with Corporation. In addition, BNY Mellon may store
the names and business addresses of Corporation’s employees on the systems or in the records of the BNY Mellon Group or its service providers for purposes of the Centralized Functions, and Corporation consents and is authorized to consent to
such storage and confirms that the disclosure to and storage by the BNY Mellon Group of such information does not violate any relevant data protection legislation. 

  
 - 7 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date first above written. 
  

			
	PACIFIC GAS AND ELECTRIC COMPANY
		
	By:	 	 /s/ Margaret K. Becker

		 	Name: Margaret K. Becker
		 	Title:   Senior Director and Treasurer

  

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

		
	By:	 	 /s/ Lawrence M. Kusch

		 	Name: Lawrence M. Kusch
		 	Title:   Vice President

  
 - 8 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}]]