Document:

Exhibit 10.1

 

CONSULTING AGREEMENT

 

This CONSULTING AGREEMENT (“Agreement”)
is made by and between Liquidia Technologies, Inc., (“Company”), a Delaware corporation, and Arktoros, LLC, a Pennsylvania
limited liability company (“Independent Contractor”), as of August 20, 2020 (the
“Effective Date”).

 

		1.	ENGAGEMENT OF SERVICES.

The Company hereby engages the Independent Contractor,
and the Independent Contractor accepts the engagement to provide the Company with such consulting services as may reasonably be
requested by the Company from time to time in connection with the Company’s PRINT® Product
Platform and associated tooling, materials, and prototyping (“Services”). “PRINT®
Product Platform” shall mean Liquidia’s proprietary products, micro and/or nano-particles, patterned
particle molding film, particle and mold film handling, and Liquidia’s instrumentation, processes, systems, know-how, intellectual
property, manufacturing and technology infrastructure that produces the same. In particular, through the Independent Contractor’s
services under this Agreement, its managing member, Steve Bariahtaris, shall be made available and appointed to and serve as the
Company’s Interim Chief Financial Officer and the Company’s Principal Financial Officer for purposes of the Company’s
periodic SEC reporting obligations (collectively, the “Interim Chief Financial Officer”).

 

		2.	COMPENSATION.

In consideration of the Services to be performed
by the Independent Contractor under this Agreement, the Company will pay the Independent Contractor the flat rate of $65,000 per
month, for time spent on mutually accepted consulting services in and as Interim Chief Financial Officer.

 

		3.	EXPENSES.

The Independent Contractor will be reimbursed for
ordinary and necessary expenses incurred by the Independent Contractor in the performance of services hereunder that have been
expressly approved in advance by the Company, provided that the Independent Contractor has furnished such documentation for authorized
expenses as the Company may reasonably request. The Independent Contractor shall submit written documentation and receipts where
available, itemizing the dates on which expenses are incurred. The Company shall pay the Independent Contractor the amounts due
pursuant to submitted reports.

 

    1 

     

    

 

		4.	OWNERSHIP OF INVENTIONS / WORK PRODUCT.

A.    The
Independent Contractor agrees that any inventions, discoveries, improvements, processes, technology or know-how arising or
made directly or indirectly from its performance of advisory services under this Agreement or that are based on, derived
from, or related to information received from the Company and any patents issuing thereon shall be the property of and are
hereby assigned to the Company. The Independent Contractor further agrees that all original works of authorship which are
made by the Independent Contractor (solely or jointly with others) in the course of performance of services under this
Agreement and which are protectable by copyright are “works made for hire,” as that term is defined in the 1976
Copyright Act as amended (title 17 of the United States Code). In order to permit the Company to claim rights to which
it may be entitled under this Paragraph or applicable laws, and to insure that there is no conflict with any business or
activities of the Company, all inventions, discoveries, improvements, processes, technology and know-how (whether or not
patentable and whether or not reduced to practice) and all works of authorship which the Independent Contractor may conceive
or make (either by himself or jointly with others) during the term of this Agreement with the Company (and during the six
months following the termination of this Agreement) and related to the Services performed under this Agreement shall be
promptly disclosed to the Company in confidence.

 

B.   
Whenever requested by the Company, the Independent Contractor shall execute patent applications and copyright registrations
and such other documents considered necessary by the Company or its counsel to apply for and obtain letters, patents and copyright
registrations in the United States, foreign countries, or both, as the Company may deem advisable, or to otherwise protect such
inventions, discoveries, improvements, processes, technology, know-how or works of authorship for the benefit of the Company coming
within the Company’s rights as provided for in Section 4.A. The Independent Contractor shall also make such assignments and
execute such other instruments as may be necessary to convey to the Company the ownership and exclusive right in and to such inventions,
discoveries, processes, technology, know-how, patent applications, patents, works of authorship or the like. The Company shall
bear all of the expenses in connection with the obtaining of such rights. The Independent Contractor further agrees, whether or
not he/she is still providing services to the Company, to cooperate to the extent and in the manner requested by the Company in
the prosecution or defense of any such patent or copyright claims or any litigation or other proceeding involving any inventions,
discoveries, improvements, processes, technology, know-how or works of authorship covered by this Agreement in any country of the
world, but all time and expenses thereof shall be paid by the Company. The foregoing covenant contemplates the inclusion of any
improvements of properties, rights, systems, inventions, works of authorship and the like presently held by the Company or any
affiliate thereof.

 

C.    If
Independent Contractor has any rights to any inventions, discoveries, developments, improvements, processes, technology,
know-how, or trade secret, arising under this Agreement in accord with Section 4.A, that cannot be assigned to Company,
Independent Contractor unconditionally and irrevocably waives the enforcement of such rights, and all claims and causes of
action of any kind against Company with respect to such rights, and agrees, at Company’s request and expense, to
consent to and join in any action to enforce such rights. If Independent Contractor has any right to inventions, discoveries,
developments, improvements, processes, technology, know-how, or trade secret, arising under this Agreement in accord with
Section 4.A, that cannot be assigned to Company or waived by Independent Contractor, Independent Contractor unconditionally
and irrevocably grants to Company during the term of such rights, an exclusive, irrevocable, perpetual, worldwide, fully paid
and royalty-free license, with rights to sublicense through multiple levels of sublicenses and without any duty to report or
provide any accounting for such exploitation, to make, have made, sell, offer for sale, use, reproduce, create derivative
works of, distribute, publicly perform and publicly display by all means now known or later developed, such rights.

 

    2 

     

    

 

		5.	REPRESENTATIONS AND WARRANTIES.

The Independent Contractor represents and warrants
that the Independent Contractor has the right and unrestricted ability to enter this Agreement and all its terms and conditions
contained herein.

 

		6.	DEBARMENT CERTIFICATION STATEMENT.

The Independent Contractor certifies to the best
of the Independent Contractor’s knowledge and belief that Independent Contractor:

		A.	Is not presently debarred or convicted for a crime for which Independent Contractor can be debarred
under the Generic Drug Enforcement Act of 1992 (21USC335a)(the “Act”);

		B.	Is not presently indicted or otherwise criminally or civilly charged by a government entity (Federal
or State) with commission of the kinds of conduct for which Independent Contractor can be debarred under the Act;

		C.	Will not knowingly employ or otherwise engage any individual who has been (i) debarred or (ii)
convicted of a crime for which a person can be debarred under the Act, in any capacity in connection with the activities of developing
or reporting data which may become part of an application for approval of a drug or biologic.

 

		7.	INDEPENDENT CONTRACTOR RELATIONSHIP.

The Independent Contractor’s relationship
with the Company is that of an independent contractor, and nothing in this Agreement is intended to, or should be construed to,
create a partnership, agency, joint venture or employment relationship. The Independent Contractor shall not be entitled to any
of the benefits that the Company may make available to its employees, including, but not limited to, group health or life insurance,
profit sharing, or retirement benefits, except as expressly stated in this Agreement. The Independent Contractor is not authorized
to make any representation, contract, or commitment on behalf of the Company unless specifically requested or authorized in writing
to do so by an executive officer of the Company. The Independent Contractor is solely responsible for, and will file, on a timely
basis, all tax returns and payments required to be filed with, or made to, any federal, state, or local tax authority with respect
to the performance of services and receipt of fees under this Agreement. The Independent Contractor is solely responsible for,
and must maintain adequate records of, expenses incurred in the course of performing services under this Agreement. The Company
will not withhold for the payment of any social security, federal, state, or any other employee payroll taxes payable with respect
to the Independent Contractor. The Company will, as applicable, regularly report amounts paid to the Independent Contractor by
filing Form 1099-MISC with the Internal Revenue Service as required by law.

 

    3 

     

    

 

		8.	CONFIDENTIAL INFORMATION.

A.   
The Independent Contractor agrees to hold the Company’s Confidential Information in strict confidence, not to disclose
such Confidential Information to any third parties, and shall use the Confidential Information solely for performing the Independent
Contractor’s obligations under this Agreement. “Confidential Information” as used in this Agreement shall mean
all information disclosed by the Company to the Independent Contractor that is not generally known in the Company’s trade
or industry and shall include, without limitation, (a) concepts and ideas relating to the research, development, use, and distribution
of technologies and products made or developed by the Company; (b) trade secrets, drawings, inventions, know-how, methods, materials,
grants, grant proposals, collaborative work, partners, employees, and software programs; (c) information regarding plans for research,
development, new service offerings or products, marketing and selling, business plans, business forecasts, budgets and unpublished
financial statements, licenses and distribution arrangements, prices and costs, suppliers and customers; (d) existence of any business
discussions, negotiations or agreements; and (e) any information regarding the skills and compensation of employees, contractors
or other agents of the Company or its subsidiaries or affiliates. Confidential Information also includes proprietary or confidential
information of any third party that may disclose such information to the Company or the Independent Contractor in the course of
the Company’s business. The Independent Contractor’s obligations set forth in this Section shall not apply with respect
to any portion of the Confidential Information that the Independent Contractor can document (a) was in the public domain at the
time it was communicated to the Independent Contractor by the Company; (b) entered the public domain through no fault of the Independent
Contractor, subsequent to the time it was communicated to the Independent Contractor by the Company; (c) was in the Independent
Contractor’s possession free of any obligation of confidence at the time it was communicated to the Independent Contractor
by the Company; or (d) was rightfully communicated to the Independent Contractor free of any obligation of confidence subsequent
to the time it was communicated to the Independent Contractor by the Company. In addition, the Independent Contractor may disclose
the Company’s Confidential Information in response to a valid order by a court or other governmental body, or as otherwise
required by law, provided that the Independent Contractor provides reasonable notice to the Company such that the Company can pursue
its rights in seeking protection of such information. All Confidential Information furnished to the Independent Contractor by the
Company is the sole and exclusive property of the Company or its suppliers or customers. Upon request by the Company, the Independent
Contractor agrees to promptly deliver to the Company the original and any copies of such Confidential Information.

 

B.   
The Independent Contractor represents that his/her performance of the terms of the Agreement does not and will not conflict
with the terms of any agreement to keep in confidence proprietary information and trade secrets acquired in confidence or in trust
prior to his/her advisory relationship with the Company. The Independent Contractor will not disclose to the Company, or induce
the Company to use, any confidential or proprietary information or material belonging to any third party.

 

    4 

     

    

 

C.   
The Independent Contractor recognizes that Company may have confidential information from third parties which is subject
to a duty on Company’s part to maintain such information in confidence and, in some cases to use it only for certain purposes.
Independent Contractor agrees that they owe Company and such third party, both during the term of this Agreement and thereafter,
a duty to hold all such confidential information in strict confidence and not to disclose it to any person, firm, or entity or
use such information for the benefit of anyone other than Company or such third party.

 

		9.	DEFEND TRADE SECRETS ACT.

Pursuant to the Defend Trade Secrets Act of
2016 (the “Act”), Independent Contractor acknowledges that Independent Contractor will not have criminal or civil liability
under any Federal or State trade secret law for the disclosure of a trade secret that (a) is made (i) in confidence to a Federal,
State, or local government official, either directly or indirectly, or to an attorney and (ii) solely for the purpose of reporting
or investigating a suspected violation of law; or (b) is made in a complaint or other document filed in a lawsuit or other proceeding,
if such filing is made under seal. In addition, if Independent Contractor files a lawsuit for retaliation by the Company for reporting
a suspected violation of law, Independent Contractor may disclose the trade secret to Independent Contractor’s attorney and
may use the trade secret information solely in the court proceeding if Independent Contractor (x) files any document(s) containing
the trade secret under seal and (y) does not disclose the trade secret, except pursuant to court order.

 

		10.	NO CONFLICT OF INTEREST.

The Independent Contractor represents that he/she
has the right and authority to enter into this Agreement and by doing such will not be in breach of any existing agreements. During
the term of this Agreement and for a period of 1 year thereafter, the Independent Contractor will not accept work, enter into a
contract, or accept an obligation from any third party in breach of the Independent Contractor’s obligations under this Agreement.
The Independent Contractor agrees to indemnify the Company from any and all loss or liability incurred by reason of the alleged
breach by the Independent Contractor.

 

		11.	TERM AND TERMINATION.

A.   
TERM: The term of this Agreement shall commence as of the Effective Date and end on December 31, 2020, unless this Agreement
is earlier terminated as provided below. The Independent Contractor’s obligation of confidentiality with respect to any particular
item of Confidential Information obtained under this Agreement shall terminate once the Confidential Information falls into one
of the categories listed in Section 8.

 

B.    TERMINATION
BY COMPANY: The Company may terminate this Agreement at any time, with or without cause, upon thirty (30) days written notice
of termination to the Independent Contractor. In the event that the Company terminates the Independent Contractor’s
services hereunder, the Company shall (i) promptly pay the Independent Contractor all monies due through the date of notice
of termination and (ii) pay the Independent Contractor for non-cancellable expenses incurred hereunder prior to the date of
notice of termination. Upon the notice of termination the Independent Contractor shall stop all work under this Agreement and
incur no further expenses hereunder.

 

    5 

     

    

 

C.    TERMINATION
BY INDEPENDENT CONTRACTOR: The Independent Contractor may terminate this Agreement at any time, with or without cause, upon
thirty (30) days written notice of termination to the Company. Upon providing notice of termination to the Company,
Independent Contractor shall not incur any further expenses on behalf of the Services without prior written consent of
Company, and the Company shall pay the Independent Contractor all monies due through the date of notice of termination.

 

D.   
SURVIVAL: All payment obligations, and the rights and obligations contained in Sections 4 (“Ownership of Inventions
/ Work Product”), 5 (“Representations and Warranties”), 8 (“Confidential Information”), 9 (“Defend
Trade Secrets Act”), and 10 (“No Conflict of Interest”) shall survive any termination or expiration of this Agreement.

 

		12.	SUCCESSORS AND ASSIGNS.

The Independent Contractor may not subcontract or
otherwise delegate its obligations under this Agreement without the Company’s prior written consent. This Agreement will
be for the benefit of the Company’s successors and assigns, and subject to the foregoing sentence, will be binding on the
Independent Contractor’s assignees.

 

		13.	NOTICES.

Any notice required or permitted by this Agreement
shall be in writing and shall be delivered as follows with notice deemed given as indicated: (i) by personal delivery when delivered
personally; (ii) by overnight courier upon written verification of receipt; (iii) by telecopy or facsimile transmission upon acknowledgment
of receipt of electronic transmission; or (iv) by certified or registered mail, return receipt requested, upon verification of
receipt. Notice shall be sent to the addresses set forth below or such other address as either party may specify in writing.

 

		14.	GOVERNING LAW.

This Agreement shall be governed by and constructed
in accordance with the laws of the State of North Carolina. The federal and state courts within the State of North Carolina shall
have exclusive jurisdiction to adjudicate any dispute arising out of this Agreement. The parties consent to personal jurisdiction
of the federal and state courts within North Carolina and service of process being affected by registered mail sent to the address
set forth at the end of this Agreement.

 

		15.	SEVERABILITY.

Should any provisions of this Agreement be held
by a court of law to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions
of this Agreement shall not be affected or impaired thereby.

 

		16.	WAIVER.

The waiver by the Company of a breach of any provision
of this Agreement by the Independent Contractor shall not operate or be construed as a waiver of any other or subsequent breach
by the Independent Contractor.

 

    6 

     

    

 

		17.	INJUNCTIVE RELIEF FOR BREACH.

The Independent Contractor’s obligations
under this Agreement are of a unique character that gives them particular value; breach or any threatened breach of any of such
obligations will result in irreparable and continuing damage to the Company for which there will be no adequate remedy at law;
and, in the event of such breach, the Company will be entitled to seek injunctive relief and/or a decree for specific performance,
and such other and further relief as may be proper (including monetary damages if appropriate).

 

		18.	ENTIRE AGREEMENT.

This Agreement constitutes the entire agreement
between the parties relating to this subject matter and supersedes all prior or contemporaneous oral or written agreements concerning
such subject matter. The terms of this Agreement will govern all services undertaken by the Independent Contractor for the Company.
This Agreement may only be changed by mutual agreement of authorized representatives of the parties in writing.

 

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

 

	Liquidia Technologies, Inc.	 	Arktoros,
                                         LLC
	 	 	 
	/s/ Neal F. Fowler	 	/s/ Steven Bariahtaris
	By: Neal F. Fowler	 	By: Steven Bariahtaris
	 	 	 
	 	 	 
	Title:	 Chief Executive Officer	 	Title:	Managing Member

 

    7Exhibit 4.1

 

 

 

EVERSOURCE ENERGY

 

and

 

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

AS TRUSTEE

 

 

 

THIRTEENTH SUPPLEMENTAL
INDENTURE

 

Dated as of August 1, 2020

 

Supplemental to the Indenture dated as of
April 1, 2002

 

Senior Notes, Series P, Due 2050

 

Senior Notes, Series Q, Due 2025

 

Senior Notes, Series R, Due 2030

 

 

 

     

     

    

 

THIRTEENTH SUPPLEMENTAL
INDENTURE, dated as of August 1, 2020 (this “Thirteenth Supplemental Indenture”), between EVERSOURCE ENERGY, a voluntary
association duly organized and existing under the laws of the Commonwealth of Massachusetts (the “Company”), and THE
BANK OF NEW YORK MELLON TRUST COMPANY, N.A., formerly known as The Bank of New York Trust Company, N.A. (as successor trustee to
The Bank of New York), a national banking association, as Trustee under the Original Indenture referred to below (the “Trustee”).

 

RECITALS OF THE COMPANY

 

The Company has heretofore
executed and delivered to the Trustee an indenture dated as of April 1, 2002 (the “Original Indenture”), as supplemented
and amended, to provide for the issuance from time to time of its notes, debentures or other evidences of indebtedness (the “Securities”),
the form and terms of which are to be established as set forth in Sections 201 and 301 of the Original Indenture.

 

Section 901 of the
Original Indenture provides, among other things, that the Company and the Trustee may enter into indentures supplemental to the
Original Indenture for, among other things, (a) the purpose of establishing the form and terms of the Securities of any series
as permitted by Sections 201 and 301 of the Original Indenture, (b) changing any of the provisions of the Original Indenture as
they apply to any series of Securities created by such supplemental indenture and (c) amending the Original Indenture in a manner
not materially adverse to Holders.

 

The Company has previously
executed and delivered to the Trustee eleven supplemental indentures which are part of the Indenture for the purposes recited therein
and for the purpose of issuing Securities under the Indenture, the currently outstanding series of which are set forth in the following
table:

 

    2

     

    

 

	Supplemental
 Indenture 
	 	Date	 	Series	 	Amount	 	 	Currently Outstanding	 
	Fifth	 	May 1, 2013	 	Senior Notes, 
Series F, Due 
2023	 	$	450,000,000	 	 	$	450,000,000	 
	Sixth	 	January 1, 2015	 	Senior Notes, 
Series H, Due 2025	 	$	300,000,000	 	 	$	300,000,000	 
	Seventh	 	March 1, 2016	 	Senior Notes, 
Series I, Due 2021	 	$	250,000,000	 	 	$	250,000,000	 
	Seventh	 	March 1, 2016	 	Senior Notes, Series J, Due 2026	 	$	250,000,000	 	 	$	250,000,000	 
	Eighth	 	March 1, 2017	 	Senior Notes, Series K, Due 2022	 	$	300,000,000	 	 	$	300,000,000	 
	Ninth	 	October 1, 2017	 	Senior Notes, 
Series K, Due 2022	 	$	450,000,000	 	 	$	450,000,000	 
	Ninth	 	October 1, 2017	 	Senior Notes, 
Series L, Due 2024	 	$	450,000,000	 	 	$	450,000,000	 
	Tenth	 	January 1, 2018	 	Senior Notes, Series I, Due 2021	 	$	200,000,000	 	 	$	200,000,000	 
	Tenth	 	January 1, 2018	 	Senior Notes, Series M, Due 2028	 	$	450,000,000	 	 	$	450,000,000	 
	Eleventh	 	December 1, 2018	 	Senior Notes, Series N, Due 2023	 	$	400,000,000	 	 	$	400,000,000	 
	Eleventh	 	December 1, 2018	 	Senior Notes, Series O, Due 2029	 	$	500,000,000	 	 	$	500,000,000	 
	Twelfth	 	January 1, 2020	 	Senior Notes, Series P, Due 2050	 	$	350,000,000	 	 	$	350,000,000	 
	 	 	 	 	Total Outstanding Principal Amount:	 	 	 	 	 	$	4,350,000,000	 

 

The Company, by all
action necessary on the part of the Company, created a series of Notes under the Original Indenture and the Twelfth Supplemental
Indenture, dated as of January 1, 2020, designated as the “Senior Notes, Series P, Due 2050” (the “2050 Notes”),
which Twelfth Supplemental Indenture also authorized the initial issuance of $350,000,000 aggregate principal amount of 2050 Notes.
The Company desires to issue an additional $300,000,000 of 2050 Notes, and all action on the part of the Company necessary to authorize
the issuance of the additional 2050 Notes under the Original Indenture and this Thirteenth Supplemental Indenture has been duly
taken.

 

The Company also
desires to create two new series of Securities, in an initial aggregate principal amount of $900,000,000, the first series of
which is to be designated the “Senior Notes, Series Q, Due 2025” in the aggregate principal amount of
$300,000,000 (the “2025 Notes”) and the second series of which is to be designated the “Senior Notes,
Series R, Due 2030” in the aggregate principal amount of $600,000,000 (the “2030 Notes”), and all action on
the part of the Company necessary to authorize the issuance of the 2025 Notes and the 2030 Notes under the Original Indenture
and this Thirteenth Supplemental Indenture has been duly taken.

 

    3

     

    

 

All acts and things
necessary to make the 2050 Notes, the 2025 Notes and the 2030 Notes, when executed by the Company and completed, authenticated
and delivered by the Trustee as provided in the Original Indenture and this Thirteenth Supplemental Indenture, the valid and binding
obligations of the Company and to constitute these presents a valid and binding supplemental indenture and agreement according
to its terms, have been done and performed.

 

NOW, THEREFORE, THIS
THIRTEENTH SUPPLEMENTAL INDENTURE WITNESSETH:

 

That in consideration
of the premises and of the acceptance and purchase of the 2050 Notes, the 2025 Notes and the 2030 Notes by the Holders thereof
and of the acceptance of this trust by the Trustee, the Company covenants and agrees with the Trustee, for the equal and ratable
benefit of the Holders of the 2050 Notes, the 2025 Notes and the 2030 Notes, as follows:

 

ARTICLE ONE

 

Definitions

 

The use of the terms
and expressions herein is in accordance with the definitions, uses and constructions contained in the Original Indenture and (i)
the form of the 2050 Notes attached as Exhibit A to the Twelfth Supplemental Indenture, (ii) the form of the 2025 Notes
attached hereto as Exhibit A, and (iii) the form of the 2030 Notes attached hereto as Exhibit B.

 

ARTICLE TWO

 

Issuance of Additional Senior Notes, Series P,
Due 2050

 

SECTION 201.                     Issue of Additional 2050
Notes.

 

The aggregate principal
amount of the additional 2050 Notes that will be authenticated and delivered under this Thirteenth Supplemental Indenture shall
total $300,000,000. The additional 2050 Notes shall have substantially the same terms as the 2050 Notes (except a different issue
date, issue price and bearing interest from the last Interest Payment Date to which interest has been paid or duly provided for
on the Outstanding 2050 Notes) as set forth in the form of 2050 Note attached as Exhibit A to the Twelfth Supplemental Indenture.
Such additional 2050 Notes shall be consolidated and form a part of the same series as the Outstanding 2050 Notes.

 

Upon the issuance
of such additional 2050 Notes, the total outstanding aggregate principal amount of 2050 Notes shall be $650,000,000. The
Trustee shall authenticate and deliver the additional 2050 Notes at any time upon application by the Company and compliance
with the applicable provisions of the Indenture; provided, however, that the additional 2050 Notes may be authenticated by
the Trustee by manual, facsimile or electronic signature. Pursuant to Section 201 of the Twelfth Supplemental Indenture,
additional 2050 Notes, without limitation as to amount, having the same terms and conditions as the 2050 Notes (except a
different issue date, issue price and bearing interest from last Interest Payment Date to which interest has been paid or
duly provided for on the Outstanding 2050 Notes) may also be issued by the Company without the consent of the holders of the
2050 Notes pursuant to a separate Supplemental Indenture related thereto, and such additional 2050 Notes shall be part of the
same series as the 2050 Notes.

 

    4

     

    

 

ARTICLE THREE

 

Terms and Issuance of the Senior Notes,
Series Q, Due 2025

 

SECTION 301.                     Issue of 2025 Notes.

 

A series of Securities
which shall be designated the “Senior Notes, Series Q, Due 2025” (the “2025 Notes”) shall be executed,
authenticated and delivered from time to time in accordance with the provisions of, and shall in all respects be subject to, the
terms and conditions and covenants of, the Original Indenture and this Thirteenth Supplemental Indenture (including the form of
2025 Note attached hereto as Exhibit A); provided, however, that the 2025 Notes may be authenticated by the Trustee by manual,
facsimile or electronic signature. The aggregate principal amount of the 2025 Notes that will initially be authenticated and delivered
under this Thirteenth Supplemental Indenture shall not, except as permitted by the provisions of the Original Indenture, exceed
$300,000,000. Additional 2025 Notes, without limitation as to amount, having substantially the same terms as the 2025 Notes (except
a different issue date, issue price and bearing interest from the last Interest Payment Date to which interest has been paid or
duly provided for on the Outstanding 2025 Notes, and, if no interest has been paid, from August 14, 2020) may also be issued by
the Company pursuant to this Thirteenth Supplemental Indenture without the consent of the existing Holders of the 2025 Notes, provided
that an Event of Default has not occurred and is continuing with respect to the 2025 Notes. Such additional 2025 Notes shall be
consolidated and form a part of the same series as the outstanding 2025 Notes.

 

SECTION 302.                     Form of 2025 Notes; Incorporation
of Terms.

 

The 2025 Notes shall
be in substantially the form set forth in Exhibit A attached hereto. The terms of the 2025 Notes contained in such form
are hereby incorporated herein by reference and are made a part of this Thirteenth Supplemental Indenture.

 

SECTION 303.                     Global
Security; Depositary for Global Securities.

 

The 2025 Notes shall
be issued initially in the form of a Global Security. The Depositary for any Global Securities of the series of which the 2025
Notes are a part shall be The Depository Trust Company, New York, New York.

 

SECTION 304.                     Limitation
on Liens.

 

The provisions of Section
1007 of the Original Indenture shall be applicable to the 2025 Notes.

 

SECTION 305.                     Sale
and Leaseback Transactions.

 

The provisions of Section
1012 of the Original Indenture shall be applicable to the 2025 Notes.

 

    5

     

    

 

SECTION 306.                     Place
of Payment.

 

The Place of Payment
in respect of the 2025 Notes shall be at the Corporate Trust Office, which, at the date hereof, is located at 500 Ross Street,
12th Floor, Pittsburgh, Pennsylvania 15262, Attention: Corporate Trust Administration.

 

ARTICLE FOUR

 

Terms and Issuance of the Senior Notes,
Series R, Due 2030

 

SECTION 401.                     Issue of 2030 Notes.

 

A series of Securities
which shall be designated the “Senior Notes, Series R, Due 2030” (the “2030 Notes”) shall be executed,
authenticated and delivered from time to time in accordance with the provisions of, and shall in all respects be subject to, the
terms and conditions and covenants of, the Original Indenture and this Thirteenth Supplemental Indenture (including the form of
2030 Note attached hereto as Exhibit B); provided, however, that the 2030 Notes may be authenticated by the Trustee by manual,
facsimile or electronic signature. The aggregate principal amount of the 2030 Notes that will initially be authenticated and delivered
under this Thirteenth Supplemental Indenture shall not, except as permitted by the provisions of the Original Indenture, exceed
$600,000,000. Additional 2030 Notes, without limitation as to amount, having substantially the same terms as the 2030 Notes (except
a different issue date, issue price and bearing interest from the last Interest Payment Date to which interest has been paid or
duly provided for on the Outstanding 2030 Notes, and, if no interest has been paid, from August 14, 2020) may also be issued by
the Company pursuant to this Thirteenth Supplemental Indenture without the consent of the existing Holders of the 2030 Notes, provided
that an Event of Default has not occurred and is continuing with respect to the 2030 Notes. Such additional 2030 Notes shall be
consolidated and form a part of the same series as the outstanding 2030 Notes.

 

SECTION 402.                     Form of 2030 Notes; Incorporation
of Terms.

 

The 2030 Notes shall
be in substantially the form set forth in Exhibit B attached hereto. The terms of the 2030 Notes contained in such form
are hereby incorporated herein by reference and are made a part of this Thirteenth Supplemental Indenture.

 

SECTION 403.                     Global
Security; Depositary for Global Securities.

 

The 2030 Notes shall
be issued initially in the form of two Global Securities. The Depositary for any Global Securities of the series of which the 2030
Notes are a part shall be The Depository Trust Company, New York, New York.

 

SECTION 404.                     Limitation
on Liens.

 

The provisions of Section
1007 of the Original Indenture shall be applicable to the 2030 Notes.

 

    6

     

    

 

SECTION 405.                     Sale
and Leaseback Transactions.

 

The provisions of Section
1012 of the Original Indenture shall be applicable to the 2030 Notes.

 

SECTION 406.                     Place
of Payment.

 

The Place of Payment
in respect of the 2030 Notes shall be at the Corporate Trust Office, which, at the date hereof, is located at 500 Ross Street,
12th Floor, Pittsburgh, Pennsylvania 15262, Attention: Corporate Trust Administration.

 

ARTICLE FIVE

 

Redemption of the 2025 Notes and the 2030
Notes

 

SECTION 501.                     Redemption
of 2025 Notes.

 

The 2025 Notes may
be redeemed at any time or from time to time prior to July 15, 2025, (one month prior to the maturity date of the 2025 Notes),
at the option of the Company, at a redemption price determined by the Quotation Agent (defined below) equal to the greater of:

 

		·	100% of the principal amount of the 2025
Notes being redeemed plus accrued and unpaid interest to, but excluding, the redemption date or

 

		·	the sum, as determined by the Quotation
Agent (defined below), of the present values of the principal amount of the 2025 Notes to be redeemed, together with remaining
scheduled payments of interest (exclusive of interest to the redemption date) from the redemption date to the Par Call Date (defined
below) of the 2025 Notes discounted to the redemption date on a semi-annual basis, assuming a 360-day year consisting of twelve
30-day months, at the Adjusted Treasury Rate (defined below), plus accrued and unpaid interest on the principal amount of the 2025
Notes being redeemed to, but excluding the redemption date. 

 

The 2025 Notes may
be redeemed on or after the Par Call Date at a redemption price as determined by the Quotation Agent equal to 100% of the principal
amount of the 2025 Notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date.

 

SECTION 502.                     Redemption
of 2030 Notes.

 

The
2030 Notes may be redeemed at any time or from time to time prior to May 15, 2030 (three months prior to the maturity date of the
2030 Notes), at the option of the Company, at a redemption price determined by the Quotation Agent (defined below) equal to the
greater of:

 

		·	100% of the principal
amount of the 2030 Notes being redeemed plus accrued and unpaid interest to, but excluding, the redemption date or 

 

		·	the sum, as determined
by the Quotation Agent, of the present values of the principal amount of the 2030 Notes to be redeemed, together with remaining
scheduled payments of interest (exclusive of interest
to the redemption date) from the redemption date to the Par Call Date of the 2030 Notes discounted to the redemption date on a
semi-annual basis, assuming a 360-day year consisting of twelve 30-day months, at the Adjusted Treasury Rate, plus accrued and
unpaid interest on the principal amount of the 2030 Notes being redeemed to, but excluding, the redemption date. 

 

    7

     

    

 

The
2030 Notes may be redeemed on or after the Par Call Date at a redemption price as determined by the Quotation Agent equal to 100%
of the principal amount of the 2030 Notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption
date.

 

SECTION 503.                     Definitions
Applicable to Redemption Provisions.  

 

As used in this Article
Five:

 

“Adjusted
Treasury Rate” means, with respect to any redemption date, (i) the yield, under the heading which represents the average
for the immediately preceding week, appearing in the most recently published statistical release designated “H.15 (519)”
or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes
yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant
Maturities,” for the maturity corresponding to the Comparable Treasury Issue (defined below) (if no maturity is within three
months before or after the Par Call Date, then yields for the two published maturities most closely corresponding to the Comparable
Treasury Issue shall be determined and the Adjusted Treasury Rate shall be interpolated or extrapolated from such yields on a straight
line basis, rounding to the nearest month) or (ii) if such release (or any successor release) is not published during the week
preceding the calculation date or does not contain such yields, the rate per year equal to the semi-annual equivalent yield to
maturity of the Comparable Treasury Issue assuming a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for such redemption date, in each case calculated on the third business
day preceding the redemption date, plus 10 basis points in respect of the 2025 Notes or 15 basis points in respect of the 2030
Notes. 

 

“Comparable
Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity comparable
to the Par Call Date that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing
new issues of corporate debt securities of comparable maturity to the remaining term of the 2025 Notes or the 2030 Notes, as applicable.

 

“Comparable
Treasury Price” means, with respect to any redemption date, if clause (ii) of the definition of Adjusted Treasury Rate is
applicable, the average of four, or such lesser number as is obtained by the Quotation Agent, Reference Treasury Dealer Quotations
for such redemption date. 

 

“Par
Call Date” means, in the case of the 2025 Notes, July 15, 2025 (the date that is one month prior to the maturity date of
the 2025 Notes), or, in the case of the 2030 Notes, May 15, 2030 (the date that is three months prior to the maturity date of the
2030 Notes).

 

    8

     

    

 

“Quotation
Agent” means one Reference Treasury Dealer selected by the Company. 

 

“Reference
Treasury Dealer” means (i) each of a Primary Treasury Dealer selected by BNY Mellon Capital Markets, LLC, BofA Securities,
Inc., Goldman Sachs & Co. LLC, a Primary Treasury Dealer selected by MUFG Securities Americas Inc., TD Securities (USA) LLC
and Wells Fargo Securities, LLC (or their respective affiliates that are Primary Treasury Dealers, as defined herein) and their
respective successors, provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer
in the United States (a “Primary Treasury Dealer”), we will substitute therefor another Primary Treasury Dealer; and
(ii) any other Primary Treasury Dealer selected by us. 

 

“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as
determined by a Reference Treasury Dealer, of the bid and asking prices for the Comparable Treasury Issue, expressed in each case
as a percentage of its principal amount, quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m.,
New York City time, on the third business day preceding such redemption date. 

 

If
less than all of the 2025 Notes or the 2030 Notes are to be redeemed, then the 2025 Notes or 2030 Notes to be redeemed shall be
selected in accordance with Depository Trust Company, or DTC, procedures in portions (equal to $1,000 or any multiple thereof)
of the principal amount of the 2025 Notes or the 2030 Notes larger than $2,000. Notice of redemption will be sent to each holder
of 2025 Notes and 2030 Notes to be redeemed in accordance with applicable DTC procedures. If any 2025 Note or 2030 Note is to be
redeemed in part only, the notice of redemption that relates to that 2025 Note or that 2030 Note will state the portion of the
principal amount of that 2025 Note or 2030 Note, as applicable, to be redeemed. In that case, the Company will issue a new 2025
Note or new 2030 Note of any authorized denomination, as requested, in an aggregate principal amount equal to the unredeemed portion
of such 2025 Note or 2030 Note, as applicable, in the name of the holder upon cancellation of the original 2025 Note or 2030 Note.

 

The
Company will deliver notice of any redemption to holders of the 2025 Notes and 2030 Notes, not more than sixty (60) nor less than
thirty (30) days before the redemption date. 

 

Unless
the Company defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the
2025 Notes and 2030 Notes called for redemption. 

 

The
2025 Notes and the 2030 Notes are not subject to any sinking fund.

 

    9

     

    

 

ARTICLE SIX

 

Provisions of the Original Indenture Not
Applicable to the 2025 Notes and 2030 Notes

 

SECTION 601.                     Section 401
of the Original Indenture.

 

Section 401 of
the Original Indenture shall not apply to the 2025 Notes or the 2030 Notes. Section 401 of the Original Indenture is hereby
amended in its entirety with respect to the 2025 Notes and the 2030 Notes to state:

 

“SECTION 401.                     Satisfaction
and Discharge of Indenture.

 

This Indenture
shall upon Company Request cease to be of further effect, and the Trustee, at the expense of the Company, shall execute proper
instruments acknowledging satisfaction and discharge of this Indenture, when

 

(1) either (A) all Securities
theretofore authenticated and delivered (other than (x) Securities which have been destroyed, lost or stolen and which have been
replaced or paid as provided in Section 306 hereof and (y) Securities for whose payment money has theretofore been deposited in
trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided
in Section 1003 hereof) have been delivered to the Trustee for cancellation; or

 

(B) all such Securities not
theretofore delivered to the Trustee for cancellation have become due and payable and the Company has irrevocably deposited or
caused to be irrevocably deposited (in each case except as provided in Section 402(c) hereof and the last paragraph of Section
1003 hereof) with the Paying Agent or with the Trustee as trust funds in trust for the purpose an amount of money sufficient to
pay and discharge, or has otherwise paid, the entire Indebtedness on such Securities for principal and interest, if any;

 

(2) the Company has paid or
caused to be paid all other sums payable hereunder by the Company; and

 

(3) the Company has delivered
to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided
for relating to the satisfaction and discharge of this Indenture have been complied with;

 

provided, however, that if the
Trustee or any Paying Agent is required to return any money deposited with it as described in this Section 401 to the Company
or its representative under any applicable Federal or state bankruptcy, insolvency or similar law, this Indenture shall
retroactively be deemed not to have been satisfied and discharged and automatically shall be reinstated and shall remain in
full force and effect without any further action, but the Company shall execute and deliver such instruments as the Trustee
shall reasonably request to evidence and acknowledge the same.

 

    10

     

    

 

 

Notwithstanding the
satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 607 hereof, the obligations
of the Trustee to any Authenticating Agent under Section 614 hereof and, if money shall have been deposited with the Paying Agent
or the Trustee pursuant to subclause (B) of clause (1) of this Section 401, the obligations of the Company and the Trustee under
Sections 401, 402, 1002 and 1003 hereof shall survive.”

 

SECTION 602.               Section 403 of the
Original Indenture.

 

Section 403 of
the Original Indenture shall not apply to the 2025 Notes or the 2030 Notes. Section 403 of the Original Indenture is hereby
amended in its entirety with respect to the 2025 Notes and the 2030 Notes to state:

 

“SECTION 403.             Satisfaction,
Discharge and Defeasance of the Notes.

 

The Company shall
be deemed to have paid and Discharged the entire Indebtedness on all the Outstanding Notes upon the deposit referred to in subparagraph
(1) hereof, and the provisions of this Indenture, as they relate to such Outstanding Notes, shall no longer be in effect (and the
Trustee, at the expense of the Company, shall at Company Request execute proper instruments acknowledging the same), except as
to:

 

(a)           the
rights of Holders of the Notes to receive, from the trust funds described in subparagraph (1) hereof, payment of the principal
of (and premium, if any) or interest, if any, on the Outstanding Notes on the Stated Maturity; or to and including the Redemption
Date irrevocably designated by the Company pursuant to subparagraph (4) hereof;

 

(b)           the Company's obligations with respect to such Notes under Sections 305, 306, 1002 and 1003 hereof and, if the Company shall
have irrevocably designated a Redemption Date pursuant to subparagraph (5) hereof, Sections 1101, 1104 and 1106 hereof as they
apply to such Redemption Date;

 

(c)           the
Company's obligations with respect to the Trustee under Section 607 hereof; and

 

(d)           the rights, powers, trust and immunities of the Trustee hereunder and the duties of the Trustee under Section 402 hereof
and, if the Company shall have irrevocably designated a Redemption Date pursuant to subparagraph (5) hereof, Article 11 and the
duty of the Trustee to authenticate Notes on registration of transfer or exchange;  

 

provided that, the following conditions
shall have been satisfied:

 

    11

     

    

 

(1) the
Company has irrevocably deposited or caused to be irrevocably deposited (in each case except as provided in Section 402(c) hereof
and the last paragraph of Section 1003 hereof) with the Trustee as trust funds in trust, specifically pledged as security for,
and dedicated solely to, the benefit of the Holders of the Notes, an amount of (i) money, or (ii) U.S. Government Obligations or
a combination of money and U.S. Government Obligations, in each case sufficient, in the opinion of a nationally recognized firm
of independent certified public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge,
and which the Trustee shall be instructed to apply to pay and discharge, the principal of and interest, if any, on the Notes on
the Stated Maturity or to and including the Redemption Date irrevocably designated by the Company pursuant to subparagraph (4)
hereof; provided, however, that (A) all money and U.S. Government Obligations deposited pursuant to this Section 403 shall
be denominated in U.S. Dollars; and (B) U.S. Government Obligations shall be valued at the amount of money that they will provide
through the payment of principal and interest in respect thereof in accordance with their terms no later than one day prior to
the Stated Maturity or such Redemption Date, and shall not contain provisions permitting the redemption or other prepayment at
the option of the issuer thereof prior to the Stated Maturity or such Redemption Date;  

 

(2) no
Event of Default or event which with notice or lapse of time would become an Event of Default (including by reason of such deposit)
with respect to the Notes shall have occurred and be continuing on the date of such deposit;

 

(3) the
Company has delivered to the Trustee an unqualified opinion, in form and substance reasonably acceptable to the Trustee, of independent
counsel of national standing selected by the Company and satisfactory to the Trustee to the effect that (i) Holders of the Notes
will not recognize income, gain or loss for Federal income tax purposes as a result of the deposit, defeasance and discharge, which
opinion shall be based on a change in law or a ruling by the U.S. Internal Revenue Service after the date hereof and (ii) the defeasance
trust is not, or is registered as, an investment company under the Investment Company Act of 1940;

 

(4)
if the Company has deposited or caused to be deposited money or U.S. Government Obligations to pay or discharge the principal
of (and premium, if any) and interest, if any, on the Outstanding Securities of a series to and including a Redemption Date
on which all of the Outstanding Securities of such series are to be redeemed, such Redemption Date shall be irrevocably
designated by a Board Resolution delivered to the Trustee on or prior to the date of deposit of such money or U.S. Government
Obligations, and such Board Resolution shall be accompanied by an irrevocable Company Request that the Trustee give notice of
such redemption in the name and at the expense of the Company not less than 30 nor more than 60 days prior to such Redemption
Date in accordance with Section 1104 hereof;

 

    12

     

    

 

(5) the
Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the satisfaction and discharge of the Securities have been complied with.

 

The condition set
forth in clause (i) of subparagraph (3) hereof shall not apply if the Company shall have complied with the remaining conditions
of subparagraphs 1-5 hereof as of a date which is no more than 60 days prior to the maturity date.

 

Anything herein
to the contrary notwithstanding, (a) if the Trustee or any Paying Agent is required to return any money or U.S. Government Obligations
deposited with it pursuant to this Section 403 to the Company or its representative under any Federal or state bankruptcy, insolvency
or similar law, such Security shall thereupon be deemed retroactively not to have been paid and any satisfaction and discharge
of the Company’s Indebtedness in respect thereof shall retroactively be deemed not to have been effected, and such Security
shall be deemed to remain Outstanding and the provisions of the Indenture relating to such Security shall be reinstated and shall
remain in full force and effect and (b) any satisfaction and discharge of the Company’s Indebtedness in respect of any Security
shall be subject to the provisions of the last paragraph of Section 1003.”

 

SECTION 603.               Section 1009 of
the Original Indenture.

 

Subparagraph (1) of
Section 1009 of the Original Indenture shall not apply to the 2025 Notes or the 2030 Notes. Subparagraph (1) of Section 1009
of the Original Indenture is hereby amended in its entirety with respect to the 2025 Notes and the 2030 Notes to state:

 

“the Company has
irrevocably deposited or caused to be irrevocably deposited (in each case except as provided in Section 402(c) hereof and the
last paragraph of Section 1003 hereof) with the Trustee (specifying that each deposit is pursuant to this Section 1009) as
trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of the Notes,
an amount of (i) money or (ii) U.S. Government Obligations or a combination of money and U.S. Government Obligations, in each
case sufficient, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a
written certification thereof delivered to the Trustee, to pay and discharge, and which the Trustee shall be instructed to
apply to pay and discharge, the principal of and each installment of principal and interest, if any, on the Notes on the
Stated Maturity of such principal or to and including the Redemption Date irrevocably designated by the Company pursuant to
subparagraph (4) of this Section 1009; provided, however, that (A) all money and U.S. Government Obligations deposited
pursuant to this Section 1009 shall be denominated in U.S. Dollars; and (B) U.S. Government Obligations shall be valued at
the amount of money that they will provide through the payment of principal and interest in respect thereof in accordance
with their terms no later than one day prior to the Stated Maturity or such Redemption Date and shall not contain provisions
permitting the redemption or other prepayment at the option of the issuer thereof prior to the Stated Maturity;”

 

    13

     

    

 

ARTICLE SEVEN

 

Miscellaneous

 

SECTION 701.               Execution
as Supplemental Indenture.

 

This Thirteenth Supplemental
Indenture is executed and shall be construed as an indenture supplemental to the Original Indenture and, as provided in the Original
Indenture, this Thirteenth Supplemental Indenture forms a part thereof.

 

SECTION 702.               Conflict
with Trust Indenture Act.

 

If any provision hereof
limits, qualifies or conflicts with another provision hereof which is required to be included in this Thirteenth Supplemental Indenture
by any of the provisions of the Trust Indenture Act, such required provision shall control.

 

SECTION 703.               Effect
of Headings.

 

The Article and Section
headings herein are for convenience only and shall not affect the construction hereof.

 

SECTION 704.               Successors
and Assigns.

 

All covenants and agreements
by the Company in this Thirteenth Supplemental Indenture shall bind its successors and assigns, whether so expressed or not.

 

SECTION 705.               Separability
Clause.

 

In case any provision
in this Thirteenth Supplemental Indenture or in the 2050 Notes, the 2025 Notes or the 2030 Notes shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

SECTION 706.               Benefits
of Thirteenth Supplemental Indenture.

 

Nothing in this Thirteenth
Supplemental Indenture or in the 2050 Notes, the 2025 Notes or the 2030 Notes, express or implied, shall give to any Person, other
than the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or
claim under this Thirteenth Supplemental Indenture.

 

    14

     

    

 

SECTION 707.               Recitals.

 

The Trustee shall have
no responsibility for the recitals contained in this Thirteenth Supplemental Indenture, all of which shall be taken as the statements
of the Company, or for the validity or sufficiency of this Thirteenth Supplemental Indenture.

 

SECTION 708.               Governing
Law.

 

This Thirteenth Supplemental
Indenture shall be governed by and construed in accordance with the laws of the State of New York.

 

SECTION 709.               Execution
and Counterparts.

 

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

 

SECTION 710.               Liability
of Trustees and Shareholders.

 

The Declaration of
Trust of the Company provides that no shareholder of the Company shall be held to any liability whatever for the payment of any
sum of money, or for damages or otherwise under any contract, obligation or undertaking made, entered into or issued by the trustees
of the Company or by any officer, agent or representative elected or appointed by the trustees and no such contract, obligation
or undertaking shall be enforceable against the trustees or any of them in their or his individual capacities or capacity and all
such contracts, obligations and undertakings shall be enforceable only against the trustees as such, and every person, firm, association,
trust and corporation having any claim or demand arising out of any such contract, obligation or undertaking shall look only to
the trust estate for the payment or satisfaction thereof.

 

SECTION 711.               Certain
Tax Matters.

 

The Trustee shall be
entitled to deduct FATCA Withholding Tax, and shall have no obligation to gross-up any payment thereunder or to pay any additional
amount as a result of such FATCA Withholding Tax. The Company hereby covenants with the Trustee that it will provide the Trustee
with sufficient information so as to enable the determination of whether any payments pursuant to this Thirteenth Supplemental
Indenture are subject to the withholding requirements described in Section 1471(a) of the U.S. Internal Revenue Code of 1986, as
amended (the “Code”) or otherwise imposed pursuant to Sections 1471 through 1474 of the Code and any regulations, or
agreements thereunder or official interpretations thereof (“FATCA Withholding Tax”).

 

[The remainder of this page left blank intentionally.]

 

    15

     

    

 

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

 

	 	EVERSOURCE ENERGY
	 	 
	 	By: 	/s/ Emilie G. O’Neil
	 	 	Emilie G. O’Neil
	 	 	Assistant Treasurer
	 	 
	 	THE BANK OF NEW YORK MELLON
	 	TRUST COMPANY, N.A.,
	 	as Trustee  
	 	 
	 	By: 	/s/ Shannon Matthews
	 	 	Name: Shannon Matthews
	 	 	Title: Vice President

 

    16

     

    

 

EXHIBIT A

 

[Form of Face of Global Security]

 

THIS SECURITY IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY
OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER
OF THIS SECURITY 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) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES.

 

Unless this certificate
is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to Eversource
Energy or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of
Cede & Co. or in such other name as is 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.

 

EVERSOURCE ENERGY

 

SENIOR NOTES, SERIES Q, DUE 2025

 

	CUSIP NO. 30040W AJ7	 $_____________

 

No. __

 

EVERSOURCE ENERGY,
a voluntary association duly organized and existing under the laws of the Commonwealth of Massachusetts (the “Company”,
which term includes any successor entity under the Indenture hereinafter referred to), for value received, hereby promises to pay
to Cede & Co., or registered assigns, the principal sum of ___________________ Dollars ($_________) on August 15, 2025
(the “Final Maturity”), and to pay interest thereon from August 14, 2020 or from the most recent Interest Payment
Date to which interest has been paid or duly provided for, semiannually in arrears on February 15 and August 15 of each year, commencing
on February 15, 2021, at the rate of 0.80% per annum, until the principal hereof is paid or made available for payment and, subject
to the terms of the Indenture, at the same rate on any overdue principal and premium and (to the extent that the payment of such
interest shall be legally enforceable) on any overdue installment of interest.

 

The amount of
interest payable for any period other than a complete interest payment period will be computed on the basis of a 360-day year
consisting of twelve thirty-day months and, for any period shorter than a full month, on the basis of the actual number of
days elapsed in such period. In any case where any Interest Payment Date, the Stated Maturity or Redemption Date is not a
Business Day, then payment of principal and interest, if any, or principal and premium, if any, payable on such date will be
made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such
delay), in each case with the same force and effect as if made on such date. A “Business Day” shall mean any day,
except a Saturday, a Sunday or a legal holiday in New York, New York or in Pittsburgh, Pennsylvania on which banking
institutions are authorized or required by law, regulation or executive order to close.

 

    

     

    

 

The interest so payable,
and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person
in whose name this Security is registered at the close of business on the Regular Record Date for such interest, which shall be
(1) the Business Day next preceding such Interest Payment Date if this Security remains in book-entry only form or (2) the 15th
calendar day (whether or not a Business Day) next preceding such Interest Payment Date if this Security does not remain in book-entry
only form. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such
date and may either be paid to the Person in whose name this Security 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, notice whereof shall be given to Holders of Securities
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 any securities exchange on which the Securities of this series may be listed, and upon such notice as
may be required by such exchange, all as more fully provided in said Indenture.

 

Payment of the principal
of (and premium, if any) and any interest on this Security will be made at the office or agency of the Company maintained for that
purpose at the Corporate Trust Office of the Trustee in Pittsburgh, Pennsylvania, 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; provided, however, that at the option
of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall
appear in the Security Register.

 

This Security has initially
been issued in the form of a Global Security, and the Company has initially designated The Depository Trust Company, New York,
New York (the “Depositary,” which term shall include any successor depositary), as the Depositary for this Security.
For as long as this Security or any portion hereof is issued in such form, and notwithstanding the previous paragraph, all payments
of interest, principal and other amounts in respect of this Security or portion thereof shall be made to the Depositary or its
nominee in accordance with its applicable policies and procedures, in the coin or currency specified above and as further provided
on the reverse hereof.

 

Reference is hereby
made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee
referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or
be valid or obligatory for any purpose.

 

    A-2

     

    

 

[Form
of Reverse of Global Security]

 

EVERSOURCE
ENERGY

 

SENIOR
NOTES, SERIES Q, DUE 2025

 

This Security is one
of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in
one or more series under an Indenture, dated as of April 1, 2002, as amended and supplemented from time to time and as supplemented
by the Thirteenth Supplemental Indenture dated as of August 1, 2020 (herein called the “Indenture,” which term shall
have the meaning assigned to it in such instrument), between the Company and The Bank of New York Mellon Trust Company, N.A., formerly
known as The Bank of New York Trust Company, N.A. (as successor trustee to The Bank of New York), as Trustee (herein called the
“Trustee,” which term includes any successor trustee under Indenture), as to which Indenture and all indentures supplemental
thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder
of the Company, the Trustee and the Holders and of the terms upon which the Securities are, and are to be, authenticated and delivered.
This Security is one of the series designated on the face hereof, initially limited in aggregate principal amount to $300,000,000.
The provisions of this Security, together with the provisions of the Indenture, shall govern the rights, obligations, duties and
immunities of the Holder, the Company and the Trustee with respect to this Security, provided that, if any provision of this Security
conflicts with any provision of the Indenture, the provision of this Security shall be controlling to the fullest extent permitted
under the Indenture.

 

The Securities of this
series are subject to redemption upon not less than thirty (30) or more than sixty (60) days’ notice by mail to the Holders
of such securities at their addresses in the Security Register, at the option of the Company, in whole or in part, from time to
time. If the Company elects to redeem the Securities, it will do so at a Redemption Price set forth in Section 501 of the Thirteenth
Supplemental Indenture between the Company and the Trustee, dated August 1, 2020, which established the terms of the Securities.

 

Except as otherwise
provided in the Indenture, if notice has been given as provided in the Indenture and funds for the redemption of any Securities
(or any portion thereof) called for redemption shall have been made available on the Redemption Date referred to in such notice,
such Securities (or any portion thereof) will cease to bear interest on the date fixed for such redemption specified in such notice
and the only right of the Holders of such Securities will be to receive payment of the Redemption Price.

 

In the event of redemption
of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof
will be issued in the name of the Holder hereof upon the cancellation hereof.

 

The Securities of this
series will not be subject to any sinking fund.

 

    A-3

     

    

 

If an Event of Default
with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be
declared due and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits,
with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company
and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and
the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of all
series to be affected (voting as one class). The Indenture also contains provisions permitting the Holders of specified percentages
in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such
series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture
and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder
and upon all future Holders of this Security and of any Security 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 Security.

 

No reference herein
to the Indenture and no provision of this Security or of the 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 Security at the time, place and rate,
and in the coin or currency, herein prescribed.

 

This Security shall
be exchangeable for Securities registered in the names of Persons other than the Depositary with respect to such series or its
nominee only as provided in this paragraph. This Security shall be so exchangeable if (x) the Depositary notifies the Company that
it is unwilling or unable to continue as Depositary for such series or at any time ceases to be a clearing agency registered as
such under the Securities Exchange Act of 1934, (y) the Company executes and delivers to the Trustee an Officers’ Certificate
providing that this Security shall be so exchangeable or (z) there shall have occurred and be continuing an Event of Default with
respect to the Securities of the series of which this Security is a part. Securities so issued in exchange for this Security shall
be of the same series, having the same interest rate, if any, and maturity and having the same terms as this Security, in authorized
denominations and in the aggregate having the same principal amount as this Security and registered in such names as the Depositary
for such Global Security shall direct.

 

As provided in the
Indenture and subject to certain limitations therein set forth, the transfer of a Security of the series of which this Security
is a part is registrable in the Security Register, upon surrender of this Security 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 Security are payable, duly endorsed
by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed
by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities 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.

 

    A-4

     

    

 

  

The Securities of the
series of which this Security is a part are issuable only in registered form without coupons in minimum denominations of $2,000
and integral multiples of $1,000 thereafter. As provided in the Indenture and subject to certain limitations therein set forth,
Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor
of a different authorized denomination, as requested by the Holder 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 Security 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 Security is registered as the owner hereof for all purposes, whether or not this Security be overdue,
and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 

For so long as this
Security is issued in the form of a Global Security, neither the Company nor the Trustee will have any responsibility with respect
to the policies and procedures of the Depositary or for any notices or other communications among the Depositary, its direct and
indirect participants or the beneficial owners of this Security.

 

Neither the failure
to give any notice nor any defect in any notice given to the Holder of this Security or any other Security of this series will
affect the sufficiency of any notice given to any other Holder of any Securities of this series.

 

The Indenture provides
that the Company, at its option (a) will be discharged from any and all obligations in respect of the Securities (except for certain
obligations to register the transfer or exchange of Securities, replace stolen, lost or mutilated Securities, maintain paying agencies
and hold moneys for payment in trust) or (b) need not comply with certain restrictive covenants of the Indenture, in each case
if the Company deposits, in trust, with the Trustee money or U.S. Government Obligations which, through the payment of interest
thereon and principal thereof in accordance with their terms, will provide money, in an amount sufficient to pay all the principal
of and premium, if any and interest, if any, on the Securities on the dates such payments are due in accordance with the terms
of such Securities, and certain other conditions are satisfied.

 

No recourse shall be
had for the payment of the principal of or the interest on this Security, or for any claim based hereon, or otherwise in respect
hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any trustee, incorporator, stockholder,
officer or director, as such, past, present or future, of the Company or any successor corporation, either directly or through
the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement
of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration
for the issuance hereof, expressly waived and released.

 

    A-5

     

    

 

The Declaration
of Trust of the Company provides that no shareholder of the Company shall be held to any liability whatsoever for the payment
of any sum of money, or for damages or otherwise under any contract, obligation or undertaking made, entered into or issued
by the trustees of the Company or by any officer, agent or representative elected or appointed by the trustees and no such
contract, obligation or undertaking shall be enforceable against the trustees or any of them in their or his individual
capacities or capacity and all such contracts, obligations and undertakings shall be enforceable only against the trustees as
such, and every person, firm, association, trust and corporation having any claim or demand arising out of any such contract,
obligation or undertaking shall look only to the trust estate for the payment or satisfaction thereof.

 

This Security shall
be governed by and construed in accordance with the laws of the State of New York.

 

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

 

[The remainder of this page left blank intentionally.]

 

    A-6

     

    

 

IN WITNESS WHEREOF,
Eversource Energy has caused this instrument to be duly executed.

 

	EVERSOURCE ENERGY	 
	 	 
	By:	 	 
	 	Emilie G. O’Neil	 
	 	Assistant Treasurer	 

 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities of the series designated
therein referred to in the within mentioned Indenture.

 

Dated: August ___, 2020

 

 

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

as Trustee

  

	By: 	 	 
	 	Authorized Signatory	 

 

    A-7

     

    

 

EXHIBIT B

 

[Form of Face of Global Security]

 

THIS SECURITY IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY
OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER
OF THIS SECURITY 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) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES.

 

Unless this certificate
is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to Eversource
Energy or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of
Cede & Co. or in such other name as is 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.

 

EVERSOURCE ENERGY

 

SENIOR NOTES, SERIES R, DUE 2030

 

	CUSIP NO. 30040W AK4	$___________

 

No. __

 

EVERSOURCE ENERGY,
a voluntary association duly organized and existing under the laws of the Commonwealth of Massachusetts (the “Company”,
which term includes any successor entity under the Indenture hereinafter referred to), for value received, hereby promises to pay
to Cede & Co., or registered assigns, the principal sum of _________________ Dollars ($_________) on August 15, 2030 (the
“Final Maturity”), and to pay interest thereon from August 14, 2020 or from the most recent Interest Payment Date
to which interest has been paid or duly provided for, semiannually in arrears on February 15 and August 15 of each year, commencing
on February 15, 2021, at the rate of 1.65% per annum, until the principal hereof is paid or made available for payment and, subject
to the terms of the Indenture, at the same rate on any overdue principal and premium and (to the extent that the payment of such
interest shall be legally enforceable) on any overdue installment of interest.

 

     

     

    

 

The amount of
interest payable for any period other than a complete interest payment period will be computed on the basis of a 360-day year
consisting of twelve thirty-day months and, for any period shorter than a full month, on the basis of the actual number of
days elapsed in such period. In any case where any Interest Payment Date, the Stated Maturity or Redemption Date is not a
Business Day, then payment of principal and interest, if any, or principal and premium, if any, payable on such date will be
made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such
delay), in each case with the same force and effect as if made on such date. A “Business Day” shall mean any day,
except a Saturday, a Sunday or a legal holiday in New York, New York or in Pittsburgh, Pennsylvania on which banking
institutions are authorized or required by law, regulation or executive order to close.

 

The interest so payable,
and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person
in whose name this Security is registered at the close of business on the Regular Record Date for such interest, which shall be
(1) the Business Day next preceding such Interest Payment Date if this Security remains in book-entry only form or (2) the 15th
calendar day (whether or not a Business Day) next preceding such Interest Payment Date if this Security does not remain in book-entry
only form. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such
date and may either be paid to the Person in whose name this Security 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, notice whereof shall be given to Holders of Securities
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 any securities exchange on which the Securities of this series may be listed, and upon such notice as
may be required by such exchange, all as more fully provided in said Indenture.

 

Payment of the principal
of (and premium, if any) and any interest on this Security will be made at the office or agency of the Company maintained for that
purpose at the Corporate Trust Office of the Trustee in Pittsburgh, Pennsylvania, 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; provided, however, that at the option
of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall
appear in the Security Register.

 

This Security has initially
been issued in the form of a Global Security, and the Company has initially designated The Depository Trust Company, New York,
New York (the “Depositary,” which term shall include any successor depositary), as the Depositary for this Security.
For as long as this Security or any portion hereof is issued in such form, and notwithstanding the previous paragraph, all payments
of interest, principal and other amounts in respect of this Security or portion thereof shall be made to the Depositary or its
nominee in accordance with its applicable policies and procedures, in the coin or currency specified above and as further provided
on the reverse hereof.

 

Reference is hereby
made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee
referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or
be valid or obligatory for any purpose.

 

    B-2

     

    

 

[Form
of Reverse of Global Security]

 

EVERSOURCE
ENERGY

 

SENIOR
NOTES, SERIES R, DUE 2030

 

This Security is one
of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in
one or more series under an Indenture, dated as of April 1, 2002, as amended and supplemented from time to time and as supplemented
by the Thirteenth Supplemental Indenture dated as of August 1, 2020 (herein called the “Indenture,” which term shall
have the meaning assigned to it in such instrument), between the Company and The Bank of New York Mellon Trust Company, N.A., formerly
known as The Bank of New York Trust Company, N.A. (as successor trustee to The Bank of New York), as Trustee (herein called the
“Trustee,” which term includes any successor trustee under Indenture), as to which Indenture and all indentures supplemental
thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder
of the Company, the Trustee and the Holders and of the terms upon which the Securities are, and are to be, authenticated and delivered.
This Security is one of the series designated on the face hereof, initially limited in aggregate principal amount to $600,000,000.
The provisions of this Security, together with the provisions of the Indenture, shall govern the rights, obligations, duties and
immunities of the Holder, the Company and the Trustee with respect to this Security, provided that, if any provision of this Security
conflicts with any provision of the Indenture, the provision of this Security shall be controlling to the fullest extent permitted
under the Indenture.

 

The Securities of this
series are subject to redemption upon not less than thirty (30) or more than sixty (60) days’ notice by mail to the Holders
of such securities at their addresses in the Security Register, at the option of the Company, in whole or in part, from time to
time. If the Company elects to redeem the Securities, it will do so at a Redemption Price set forth in Section 502 of the Thirteenth
Supplemental Indenture between the Company and the Trustee, dated August 1, 2020, which established the terms of the Securities.

 

Except as otherwise
provided in the Indenture, if notice has been given as provided in the Indenture and funds for the redemption of any Securities
(or any portion thereof) called for redemption shall have been made available on the Redemption Date referred to in such notice,
such Securities (or any portion thereof) will cease to bear interest on the date fixed for such redemption specified in such notice
and the only right of the Holders of such Securities will be to receive payment of the Redemption Price.

 

In the event of redemption
of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof
will be issued in the name of the Holder hereof upon the cancellation hereof.

 

The Securities of this
series will not be subject to any sinking fund.

 

    B-3

     

    

 

If an Event of Default
with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be
declared due and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits,
with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company
and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and
the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of all
series to be affected (voting as one class). The Indenture also contains provisions permitting the Holders of specified percentages
in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such
series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture
and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder
and upon all future Holders of this Security and of any Security 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 Security.

 

No reference herein
to the Indenture and no provision of this Security or of the 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 Security at the time, place and rate,
and in the coin or currency, herein prescribed.

 

This Security shall
be exchangeable for Securities registered in the names of Persons other than the Depositary with respect to such series or its
nominee only as provided in this paragraph. This Security shall be so exchangeable if (x) the Depositary notifies the Company that
it is unwilling or unable to continue as Depositary for such series or at any time ceases to be a clearing agency registered as
such under the Securities Exchange Act of 1934, (y) the Company executes and delivers to the Trustee an Officers’ Certificate
providing that this Security shall be so exchangeable or (z) there shall have occurred and be continuing an Event of Default with
respect to the Securities of the series of which this Security is a part. Securities so issued in exchange for this Security shall
be of the same series, having the same interest rate, if any, and maturity and having the same terms as this Security, in authorized
denominations and in the aggregate having the same principal amount as this Security and registered in such names as the Depositary
for such Global Security shall direct.

 

As provided in the
Indenture and subject to certain limitations therein set forth, the transfer of a Security of the series of which this Security
is a part is registrable in the Security Register, upon surrender of this Security 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 Security are payable, duly endorsed
by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed
by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities 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.

 

    B-4

     

    

 

The Securities of the
series of which this Security is a part are issuable only in registered form without coupons in minimum denominations of $2,000
and integral multiples of $1,000 thereafter. As provided in the Indenture and subject to certain limitations therein set forth,
Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor
of a different authorized denomination, as requested by the Holder 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 Security 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 Security is registered as the owner hereof for all purposes, whether or not this Security be overdue,
and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 

For so long as this
Security is issued in the form of a Global Security, neither the Company nor the Trustee will have any responsibility with respect
to the policies and procedures of the Depositary or for any notices or other communications among the Depositary, its direct and
indirect participants or the beneficial owners of this Security.

 

Neither the failure
to give any notice nor any defect in any notice given to the Holder of this Security or any other Security of this series will
affect the sufficiency of any notice given to any other Holder of any Securities of this series.

 

The Indenture provides
that the Company, at its option (a) will be discharged from any and all obligations in respect of the Securities (except for certain
obligations to register the transfer or exchange of Securities, replace stolen, lost or mutilated Securities, maintain paying agencies
and hold moneys for payment in trust) or (b) need not comply with certain restrictive covenants of the Indenture, in each case
if the Company deposits, in trust, with the Trustee money or U.S. Government Obligations which, through the payment of interest
thereon and principal thereof in accordance with their terms, will provide money, in an amount sufficient to pay all the principal
of and premium, if any and interest, if any, on the Securities on the dates such payments are due in accordance with the terms
of such Securities, and certain other conditions are satisfied.

 

No recourse shall be
had for the payment of the principal of or the interest on this Security, or for any claim based hereon, or otherwise in respect
hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any trustee, incorporator, stockholder,
officer or director, as such, past, present or future, of the Company or any successor corporation, either directly or through
the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement
of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration
for the issuance hereof, expressly waived and released.

 

    B-5

     

    

 

The Declaration
of Trust of the Company provides that no shareholder of the Company shall be held to any liability whatsoever for the payment
of any sum of money, or for damages or otherwise under any contract, obligation or undertaking made, entered into or issued
by the trustees of the Company or by any officer, agent or representative elected or appointed by the trustees and no such
contract, obligation or undertaking shall be enforceable against the trustees or any of them in their or his individual
capacities or capacity and all such contracts, obligations and undertakings shall be enforceable only against the trustees as
such, and every person, firm, association, trust and corporation having any claim or demand arising out of any such contract,
obligation or undertaking shall look only to the trust estate for the payment or satisfaction thereof.

 

This Security shall
be governed by and construed in accordance with the laws of the State of New York.

 

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

 

[The remainder of this page left blank intentionally.]

  

    B-6

     

    

 

IN WITNESS WHEREOF,
Eversource Energy has caused this instrument to be duly executed.

 

EVERSOURCE ENERGY

  

	By:		 
	 	Emilie G. O’Neil	 
	 	Assistant Treasurer	 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities of the series designated
therein referred to in the within mentioned Indenture.

 

Dated: August ___, 2020

  

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

as Trustee

 

	By: 	 	 
	 	Authorized Signatory	 

 

    B-7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}]]