Document:

Exhibit 4.7

   

  IMMUNOCORE HOLDINGS PLC

      

      and

      

      _____________, As Warrant Agent

   

  Form of Debt Securities

      Warrant Agreement

      

      Dated As Of __________

   

  
     

    
      
 

  

  
   

  Immunocore Holdings plc Form of Debt Securities Warrant Agreement

   

  This Debt Securities Warrant Agreement
    (this “Agreement”), dated as of [●], between Immunocore Holdings plc, a public limited company incorporated
      under the laws of England and Wales under company number 13119746 and having its registered office at 92 Park Drive, Milton Park, Abingdon, Oxfordshire, United Kingdom, OX14 4RY (the “Company”), and [●], a [corporation] [national
      banking association] organized and existing under the laws of [●] and having a corporate trust office in [●], as warrant agent (the “Warrant Agent”).

   

  WHEREAS, the Company has entered into an indenture dated as of
      [●] (the “Indenture”), with [●], as trustee (such trustee, and any successors to such trustee, herein called the “Trustee”), providing for the issuance from time to time of its debt securities, to be issued in one or more
      series as provided in the Indenture (the “Debt Securities”);

   

  Whereas, the Company proposes to sell [If Warrants are sold with other securities —[title of such other securities being offered] (the “Other Securities”)
      with] warrant certificates evidencing one or more warrants (the “Warrants” or, individually, a “Warrant”) representing the right to purchase [title of Debt Securities purchasable through exercise of Warrants] (the “Warrant

          Debt Securities”), such warrant certificates and other warrant certificates issued pursuant to this Agreement being herein called the “Warrant Certificates”; and

   

  Whereas, the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing so to act, in connection with the issuance, registration, transfer, exchange,
      exercise and replacement of the Warrant Certificates, and in this Agreement wishes to set forth, among other things, the form and provisions of the Warrant Certificates and the terms and conditions on which they may be issued, registered,
      transferred, exchanged, exercised and replaced.

   

  Now Therefore, in consideration of the premises and of the mutual agreements herein contained, the parties hereto agree as follows:

   

  Article 1

      

      ISSUANCE OF WARRANTS AND EXECUTION AND

      DELIVERY OF WARRANT CERTIFICATES

   

  1.1          Issuance of Warrants. [If Warrants alone
      — Upon issuance, each Warrant Certificate shall evidence one or more Warrants.] [If Other Securities and Warrants — Warrant Certificates will be issued in connection with the issuance of the Other Securities but shall be separately
      transferable and each Warrant Certificate shall evidence one or more Warrants.] Each Warrant evidenced thereby shall represent the right, subject to the provisions contained herein and therein, to purchase one Warrant Debt Security. [If Other
          Securities and Warrants — Warrant Certificates will be issued with the Other Securities and each Warrant Certificate will evidence [●] Warrants for each [$[●] principal amount] [[●] shares] of Other Securities issued.]

   

  1.2          Execution and Delivery of Warrant Certificates. Each
      Warrant Certificate, whenever issued, shall be in registered form substantially in the form set forth in Exhibit A hereto, shall be dated the date of its countersignature by the Warrant Agent and may have such letters, numbers, or other marks
      of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as the officers of the Company executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not
      inconsistent with the provisions of this Agreement, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange on which the Warrants may be listed, or to
      conform to usage. The Warrant Certificates shall be signed on behalf of the Company by any of its present or future chief executive officers, presidents, senior vice presidents, vice presidents, chief financial officers, chief legal officers,
      treasurers, assistant treasurers, controllers, assistant controllers, secretaries or assistant secretaries under its corporate seal reproduced thereon. Such signatures may be manual or facsimile signatures of such authorized officers and may be
      imprinted or otherwise reproduced on the Warrant Certificates. The seal of the Company may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or otherwise reproduced on the Warrant Certificates. 

  

  
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  No Warrant Certificate shall be valid for any purpose, and no Warrant
      evidenced thereby shall be exercisable, until such Warrant Certificate has been countersigned by the manual signature of the Warrant Agent. Such signature by the Warrant Agent upon any Warrant Certificate executed by the Company shall be conclusive
      evidence that the Warrant Certificate so countersigned has been duly issued hereunder.

   

  In case any officer of the Company who shall have signed any of the
      Warrant Certificates either manually or by facsimile signature shall cease to be such officer before the Warrant Certificates so signed shall have been countersigned and delivered by the Warrant Agent, such Warrant Certificates may be countersigned
      and delivered notwithstanding that the person who signed such Warrant Certificates ceased to be such officer of the Company; and any Warrant Certificate may be signed on behalf of the Company by such persons as, at the actual date of the execution of
      such Warrant Certificate, shall be the proper officers of the Company, although at the date of the execution of this Agreement any such person was not such officer.

   

  The term “holder” or “holder of a Warrant
          Certificate” as used herein shall mean any person in whose name at the time any Warrant Certificate shall be registered upon the books to be maintained by the Warrant Agent for that purpose.

   

  1.3          Issuance of Warrant Certificates. Warrant
      Certificates evidencing the right to purchase Warrant Debt Securities may be executed by the Company and delivered to the Warrant Agent upon the execution of this Agreement or from time to time thereafter. The Warrant Agent shall, upon receipt of
      Warrant Certificates duly executed on behalf of the Company, countersign such Warrant Certificates and shall deliver such Warrant Certificates to or upon the order of the Company.

   

  Article 2

      

      WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS

   

  2.1          Warrant Price. During the period specified in
      Section 2.2, each Warrant shall, subject to the terms of this Agreement and the applicable Warrant Certificate, entitle the holder thereof to purchase the principal amount of Warrant Debt Securities specified in the applicable Warrant Certificate at
      an exercise price of [●]% of the principal amount thereof [plus accrued amortization, if any, of the original issue discount of the Warrant Debt Securities] [plus accrued interest, if any, from the most recent date from which interest shall have been
      paid on the Warrant Debt Securities or, if no interest shall have been paid on the Warrant Debt Securities, from the date of their initial issuance.] [The original issue discount ($[●] for each $1,000 principal amount of Warrant Debt Securities) will
      be amortized at a [●]% annual rate, computed on a[n] [semi-] annual basis [using a 360-day year consisting of twelve 30-day months].] Such purchase price for the Warrant Debt Securities is referred to in this Agreement as the “Warrant Price.

   

  2.2          Duration of Warrants. Each Warrant may be exercised
      in whole or in part at any time, as specified herein, on or after [the date thereof] [●] and at or before [●] p.m., [City] time, on [●] or such later date as the Company may designate by notice to the Warrant Agent and the holders of Warrant
      Certificates mailed to their addresses as set forth in the record books of the Warrant Agent (the “Expiration Date”). Each Warrant not exercised at or before [●] p.m., [City] time, on the Expiration Date shall become void, and all
      rights of the holder of the Warrant Certificate evidencing such Warrant under this Agreement shall cease. 

  

  
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  2.3          Exercise of Warrants.

   

  (a)          During the period specified in Section 2.2, the
      Warrants may be exercised to purchase a whole number of Warrant Debt Securities in registered form by providing certain information as set forth on the reverse side of the Warrant Certificate and by paying in full, in lawful money of the United
      States of America, [in cash or by certified check or official bank check in New York Clearing House funds] [by bank wire transfer in immediately available funds] the Warrant Price for each Warrant Debt Security with respect to which a Warrant is
      being exercised to the Warrant Agent at its corporate trust office, provided that such exercise is subject to receipt within five business days of such payment by the Warrant Agent of the Warrant Certificate with the form of election to purchase
      Warrant Debt Securities set forth on the reverse side of the Warrant Certificate properly completed and duly executed. The date on which payment in full of the Warrant Price is received by the Warrant Agent shall, subject to receipt of the Warrant
      Certificate as aforesaid, be deemed to be the date on which the Warrant is exercised; provided, however, that if, at the date of receipt of such Warrant Certificates and payment in full of the Warrant Price, the transfer books for the Warrant Debt
      Securities purchasable upon the exercise of such Warrants shall be closed, no such receipt of such Warrant Certificates and no such payment of such Warrant Price shall be effective to constitute the person so designated to be named as the holder of
      record of such Warrant Debt Securities on such date, but shall be effective to constitute such person as the holder of record of such Warrant Debt Securities for all purposes at the opening of business on the next succeeding day on which the transfer
      books for the Warrant Debt Securities purchasable upon the exercise of such Warrants shall be opened, and the certificates for the Warrant Debt Securities in respect of which such Warrants are then exercised shall be issuable as of the date on such
      next succeeding day on which the transfer books shall next be opened, and until such date the Company shall be under no duty to deliver any certificate for such Warrant Debt Securities. The Warrant Agent shall deposit all funds received by it in
      payment of the Warrant Price in an account of the Company maintained with it and shall advise the Company by telephone at the end of each day on which a payment for the exercise of Warrants is received of the amount so deposited to its account. The
      Warrant Agent shall promptly confirm such telephone advice to the Company in writing.

   

  (b)          The Warrant Agent shall, from time to time, as
      promptly as practicable, advise the Company of (i) the number of Warrant Debt Securities with respect to which Warrants were exercised, (ii) the instructions of each holder of the Warrant Certificates evidencing such Warrants with respect to delivery
      of the Warrant Debt Securities to which such holder is entitled upon such exercise, (iii) delivery of Warrant Certificates evidencing the balance, if any, of the Warrants for the remaining Warrant Debt Securities after such exercise, and (iv) such
      other information as the Company or the Trustee shall reasonably require.

   

  (c)          As soon as practicable after the exercise of any
      Warrant, the Company shall issue pursuant to the Indenture, in authorized denominations, to or upon the order of the holder of the Warrant Certificate evidencing such Warrant the Warrant Debt Securities to which such holder is entitled, in fully
      registered form, registered in such name or names as may be directed by such holder. If fewer than all of the Warrants evidenced by such Warrant Certificate are exercised, the Company shall execute, and an authorized officer of the Warrant Agent
      shall manually countersign and deliver, a new Warrant Certificate evidencing Warrants for the number of Warrant Debt Securities remaining unexercised.

   

  (d)          The Company shall not be required to pay any stamp or
      other tax or other governmental charge required to be paid in connection with any transfer involved in the issue of the Warrant Debt Securities, and in the event that any such transfer is involved, the Company shall not be required to issue or
      deliver any Warrant Debt Securities until such tax or other charge shall have been paid or it has been established to the Company’s satisfaction that no such tax or other charge is due. 

  

  
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  (e)          Prior to the issuance of any Warrants there shall have
      been reserved, and the Company shall at all times through the Expiration Date keep reserved, out of its authorized but unissued Warrant Debt Securities, a number of shares sufficient to provide for the exercise of the Warrants.

   

  Article 3

      

      OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF

      WARRANT CERTIFICATES

   

  3.1          No Rights as Holder of Warrant Debt Securities Conferred
        by Warrants or Warrant Certificates. No Warrant Certificate or Warrant evidenced thereby shall entitle the holder thereof to any of the rights of a holder of Warrant Debt Securities, including, without limitation, the right to receive the
      payment of principal of (or premium, if any) or interest, if any, on the Warrant Debt Securities or to enforce any of the covenants in the Indenture.

   

  3.2          Lost, Stolen, Mutilated or Destroyed Warrant
        Certificates. Upon receipt by the Warrant Agent of evidence reasonably satisfactory to it and the Company of the ownership of and the loss, theft, destruction or mutilation of any Warrant Certificate and/or indemnity reasonably satisfactory to
      the Warrant Agent and the Company and, in the case of mutilation, upon surrender of the mutilated Warrant Certificate to the Warrant Agent for cancellation, then, in the absence of notice to the Company or the Warrant Agent that such Warrant
      Certificate has been acquired by a bona fide purchaser, the Company shall execute, and an authorized officer of the Warrant Agent shall manually countersign and deliver, in exchange for or in lieu of the lost, stolen, destroyed or mutilated Warrant
      Certificate, a new Warrant Certificate of the same tenor and evidencing Warrants for a like principal amount of Warrant Debt Securities. Upon the issuance of any new Warrant Certificate under this Section 3.2, the Company may require the payment of a
      sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Warrant Agent) in connection therewith. Every substitute Warrant Certificate executed
      and delivered pursuant to this Section 3.2 in lieu of any lost, stolen or destroyed Warrant Certificate shall represent an additional contractual obligation of the Company, whether or not the lost, stolen or destroyed Warrant Certificate shall be at
      any time enforceable by anyone, and shall be entitled to the benefits of this Agreement equally and proportionately with any and all other Warrant Certificates duly executed and delivered hereunder. The provisions of this Section 3.2 are exclusive
      and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement of mutilated, lost, stolen or destroyed Warrant Certificates.

   

  3.3          Holder of Warrant Certificate May Enforce Rights.
      Notwithstanding any of the provisions of this Agreement, any holder of a Warrant Certificate, without the consent of the Warrant Agent, , the Trustee, the holder of any Warrant Debt Securities or the holder of any other Warrant Certificate, may, in
      such holder’s own behalf and for such holder’s own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company suitable to enforce, or otherwise in respect of, such holder’s right to exercise the Warrants
      evidenced by such holder’s Warrant Certificate in the manner provided in such holder’s Warrant Certificates and in this Agreement.

   

  3.4          Merger, Sale, Conveyance or Lease. In case of (a)
      any share exchange, merger or similar transaction of the Company with or into another person or entity (other than a share exchange, merger or similar transaction in which the Company is the acquiring or surviving corporation) or (b) the sale,
      exchange, lease, transfer or other disposition of all or substantially all of the properties and assets of the Company as an entirety (in any such case, a “Reorganization Event”), then, as a condition of such Reorganization Event,
      lawful provisions shall be made, and duly executed documents evidencing the same from the Company’s successor shall be delivered to the holders of the Warrants, so that such successor shall succeed to and be substituted for the Company, and assume
      all the Company’s obligations under, this Agreement and the Warrants. The Company shall thereupon be relieved of any further obligation hereunder or under the Warrants, and the Company as the predecessor corporation may thereupon or at any time
      thereafter be dissolved, wound up or liquidated. Such successor or assuming entity thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the Warrants issuable hereunder which heretofore
      shall not have been signed by the Company, and may execute and deliver securities in its own name, in fulfillment of its obligations to deliver Warrant Debt Securities upon exercise of the Warrants. All the Warrants so issued shall in all respects
      have the same legal rank and benefit under this Agreement as the Warrants theretofore or thereafter issued in accordance with the terms of this Agreement as though all of such Warrants had been issued at the date of the execution hereof. In any case
      of any such Reorganization Event, such changes in phraseology and form (but not in substance) may be made in the Warrants thereafter to be issued as may be appropriate. The Warrant Agent may receive a written opinion of legal counsel as conclusive
      evidence that any such Reorganization Event complies with the provisions of this Section 3.4. 

  

  
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  3.5          Notice to Warrant Holders. In case the Company
      shall (a) effect any Reorganization Event or (b) make any distribution on or in respect of the [title of Warrant Debt Securities] in connection with the dissolution, liquidation or winding up of the Company, then the Company shall mail to each holder
      of Warrants at such holder’s address as it shall appear on the books of the Warrant Agent, at least ten days prior to the applicable date hereinafter specified, a notice stating the date on which such Reorganization Event, dissolution, liquidation or
      winding up is expected to become effective, and the date as of which it is expected that holders of [title of Warrant Debt Securities] of record shall be entitled to exchange their shares of [title of Warrant Debt Securities] for securities or other
      property deliverable upon such Reorganization Event, dissolution, liquidation or winding up. No failure to mail such notice nor any defect therein or in the mailing thereof shall affect any such transaction.

   

  Article 4

      

      EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES

   

  4.1          Exchange and Transfer of Warrant Certificates. Upon
      surrender at the corporate trust office of the Warrant Agent, Warrant Certificates evidencing Warrants may be exchanged for Warrant Certificates in other denominations evidencing such Warrants or the transfer thereof may be registered in whole or in
      part; provided that such other Warrant Certificates evidence Warrants for the same aggregate principal amount of Warrant Debt Securities as the Warrant Certificates so surrendered. The Warrant Agent shall keep, at its corporate trust office, books in
      which, subject to such reasonable regulations as it may prescribe, it shall register Warrant Certificates and exchanges and transfers of outstanding Warrant Certificates, upon surrender of the Warrant Certificates to the Warrant Agent at its
      corporate trust office for exchange or registration of transfer, properly endorsed or accompanied by appropriate instruments of registration of transfer and written instructions for transfer, all in form satisfactory to the Company and the Warrant
      Agent. No service charge shall be made for any exchange or registration of transfer of Warrant Certificates, but the Company may require payment of a sum sufficient to cover any stamp or other tax or other governmental charge that may be imposed in
      connection with any such exchange or registration of transfer. Whenever any Warrant Certificates are so surrendered for exchange or registration of transfer, an authorized officer of the Warrant Agent shall manually countersign and deliver to the
      person or persons entitled thereto a Warrant Certificate or Warrant Certificates duly authorized and executed by the Company, as so requested. The Warrant Agent shall not be required to effect any exchange or registration of transfer which will
      result in the issuance of a Warrant Certificate evidencing a Warrant for a fraction of a Warrant Debt Security or a number of Warrants for a whole number of Warrant Debt Securities and a fraction of a Warrant Debt Security. All Warrant Certificates
      issued upon any exchange or registration of transfer of Warrant Certificates shall be the valid obligations of the Company, evidencing the same obligations and entitled to the same benefits under this Agreement as the Warrant Certificate surrendered
      for such exchange or registration of transfer. 

  

  
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  4.2          Treatment of Holders of Warrant Certificates. The
      Company, the Warrant Agent and all other persons may treat the registered holder of a Warrant Certificate as the absolute owner thereof for any purpose and as the person entitled to exercise the rights represented by the Warrants evidenced thereby,
      any notice to the contrary notwithstanding.

   

  4.3          Cancellation of Warrant Certificates. Any Warrant
      Certificate surrendered for exchange, registration of transfer or exercise of the Warrants evidenced thereby shall, if surrendered to the Company, be delivered to the Warrant Agent and all Warrant Certificates surrendered or so delivered to the
      Warrant Agent shall be promptly canceled by the Warrant Agent and shall not be reissued and, except as expressly permitted by this Agreement, no Warrant Certificate shall be issued hereunder in exchange therefor or in lieu thereof. The Warrant Agent
      shall deliver to the Company from time to time or otherwise dispose of canceled Warrant Certificates in a manner satisfactory to the Company.

   

  Article 5

      

      CONCERNING THE WARRANT AGENT

   

  5.1          Warrant Agent. The Company hereby appoints [●] as
      Warrant Agent of the Company in respect of the Warrants and the Warrant Certificates upon the terms and subject to the conditions herein set forth, and [●] hereby accepts such appointment. The Warrant Agent shall have the powers and authority granted
      to and conferred upon it in the Warrant Certificates and hereby and such further powers and authority to act on behalf of the Company as the Company may hereafter grant to or confer upon it. All of the terms and provisions with respect to such powers
      and authority contained in the Warrant Certificates are subject to and governed by the terms and provisions hereof.

   

  5.2          Conditions of Warrant Agent’s Obligations. The
      Warrant Agent accepts its obligations herein set forth upon the terms and conditions hereof, including the following to all of which the Company agrees and to all of which the rights hereunder of the holders from time to time of the Warrant
      Certificates shall be subject:

   

  (a)           Compensation and Indemnification. The Company agrees
      promptly to pay the Warrant Agent the compensation to be agreed upon with the Company for all services rendered by the Warrant Agent and to reimburse the Warrant Agent for reasonable out-of-pocket expenses (including reasonable counsel fees) incurred
      without negligence, bad faith or willful misconduct by the Warrant Agent in connection with the services rendered hereunder by the Warrant Agent. The Company also agrees to indemnify the Warrant Agent for, and to hold it harmless against, any loss,
      liability or expense incurred without negligence, bad faith or willful misconduct on the part of the Warrant Agent, arising out of or in connection with its acting as Warrant Agent hereunder, including the reasonable costs and expenses of defending
      against any claim of such liability.

   

  (b)           Agent for the Company. In acting under this
      Agreement and in connection with the Warrant Certificates, the Warrant Agent is acting solely as agent of the Company and does not assume any obligations or relationship of agency or trust for or with any of the holders of Warrant Certificates or
      beneficial owners of Warrants. 

  

  
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  (c)           Counsel. The Warrant Agent may consult with counsel
      satisfactory to it, which may include counsel for the Company, and the written advice of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in
      accordance with the advice of such counsel.

   

  (d)           Documents. The Warrant Agent shall be protected and
      shall incur no liability for or in respect of any action taken or omitted by it in reliance upon any Warrant Certificate, notice, direction, consent, certificate, affidavit, statement or other paper or document reasonably believed by it to be genuine
      and to have been presented or signed by the proper parties.

   

  (e)           Certain Transactions. The Warrant Agent, and its
      officers, directors and employees, may become the owner of, or acquire any interest in, Warrants, with the same rights that it or they would have if it were not the Warrant Agent hereunder, and, to the extent permitted by applicable law, it or they
      may engage or be interested in any financial or other transaction with the Company and may act on, or as depositary, trustee or agent for, any committee or body of holders of Warrant Debt Securities or other obligations of the Company as freely as if
      it were not the Warrant Agent hereunder. Nothing in this Agreement shall be deemed to prevent the Warrant Agent from acting as trustee under any indenture to which the Company is a party, including, without limitation, as Trustee under the Indenture.

   

  (f)           No Liability for Interest. Unless otherwise agreed
      with the Company, the Warrant Agent shall have no liability for interest on any monies at any time received by it pursuant to any of the provisions of this Agreement or of the Warrant Certificates.

   

  (g)          No Liability for Invalidity. The Warrant Agent shall
      have no liability with respect to any invalidity of this Agreement or any of the Warrant Certificates (except as to the Warrant Agent’s countersignature thereon).

   

  (h)          No Responsibility for Representations. The Warrant
      Agent shall not be responsible for any of the recitals or representations herein or in the Warrant Certificates (except as to the Warrant Agent’s countersignature thereon), all of which are made solely by the Company.

   

  (i)           No Implied Obligations. The Warrant Agent shall be
      obligated to perform only such duties as are herein and in the Warrant Certificates specifically set forth and no implied duties or obligations shall be read into this Agreement or the Warrant Certificates against the Warrant Agent. The Warrant Agent
      shall not be under any obligation to take any action hereunder which may tend to involve it in any expense or liability, the payment of which within a reasonable time is not, in its reasonable opinion, assured to it. The Warrant Agent shall not be
      accountable or under any duty or responsibility for the use by the Company of any of the Warrant Certificates authenticated by the Warrant Agent and delivered by it to the Company pursuant to this Agreement or for the application by the Company of
      the proceeds of the Warrant Certificates. The Warrant Agent shall have no duty or responsibility in case of any default by the Company in the performance of its covenants or agreements contained herein or in the Warrant Certificates or in the case of
      the receipt of any written demand from a holder of a Warrant Certificate with respect to such default, including, without limiting the generality of the foregoing, any duty or responsibility to initiate or attempt to initiate any proceedings at law
      or otherwise or, except as provided in Section 6.2 hereof, to make any demand upon the Company.

   

  5.3          Resignation, Removal and Appointment of Successors.

   

  (a)           The Company agrees, for the benefit of the holders
      from time to time of the Warrant Certificates, that there shall at all times be a Warrant Agent hereunder until all the Warrants have been exercised or are no longer exercisable. 

  

  
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  (b)           The Warrant Agent may at any time resign as agent by
      giving written notice to the Company of such intention on its part, specifying the date on which its desired resignation shall become effective; provided that such date shall not be less than three months after the date on which such notice is given
      unless the Company otherwise agrees. The Warrant Agent hereunder may be removed at any time by the filing with it of an instrument in writing signed by or on behalf of the Company and specifying such removal and the intended date when it shall become
      effective. Such resignation or removal shall take effect upon the appointment by the Company, as hereinafter provided, of a successor Warrant Agent (which shall be a bank or trust company authorized under the laws of the jurisdiction of its
      organization to exercise corporate trust powers) and the acceptance of such appointment by such successor Warrant Agent. The obligation of the Company under Section 5.2(a) shall continue to the extent set forth therein notwithstanding the resignation
      or removal of the Warrant Agent.

   

  (c)           In case at any time the Warrant Agent shall resign,
      or shall be removed, or shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or shall commence a voluntary case under the Federal bankruptcy laws, as now or hereafter constituted, or under any other applicable Federal or
      state bankruptcy, insolvency or similar law or shall consent to the appointment of or taking possession by a receiver, custodian, liquidator, assignee, trustee, sequestrator (or other similar official) of the Warrant Agent or its property or affairs,
      or shall make an assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts generally as they become due, or shall take corporate action in furtherance of any such action, or a decree or order for relief by a
      court having jurisdiction in the premises shall have been entered in respect of the Warrant Agent in an involuntary case under the Federal bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or state bankruptcy,
      insolvency or similar law, or a decree or order by a court having jurisdiction in the premises shall have been entered for the appointment of a receiver, custodian, liquidator, assignee, trustee, sequestrator (or similar official) of the Warrant
      Agent or of its property or affairs, or any public officer shall take charge or control of the Warrant Agent or of its property or affairs for the purpose of rehabilitation, conservation, winding up or liquidation, a successor Warrant Agent,
      qualified as aforesaid, shall be appointed by the Company by an instrument in writing, filed with the successor Warrant Agent. Upon the appointment as aforesaid of a successor Warrant Agent and acceptance by the successor Warrant Agent of such
      appointment, the Warrant Agent shall cease to be Warrant Agent hereunder.

   

  (d)          Any successor Warrant Agent appointed hereunder shall
      execute, acknowledge and deliver to its predecessor and to the Company an instrument accepting such appointment hereunder, and thereupon such successor Warrant Agent, without any further act, deed or conveyance, shall become vested with all the
      authority, rights, powers, trusts, immunities, duties and obligations of such predecessor with like effect as if originally named as Warrant Agent hereunder, and such predecessor, upon payment of its charges and disbursements then unpaid, shall
      thereupon become obligated to transfer, deliver and pay over, and such successor Warrant Agent shall be entitled to receive, all monies, securities and other property on deposit with or held by such predecessor, as Warrant Agent hereunder.

   

  (e)           Any corporation into which the Warrant Agent
      hereunder may be merged or converted or any corporation with which the Warrant Agent may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Warrant Agent shall be a party, or any corporation to
      which the Warrant Agent shall sell or otherwise transfer all or substantially all the assets and business of the Warrant Agent, provided that it shall be qualified as aforesaid, shall be the successor Warrant Agent under this Agreement without the
      execution or filing of any paper or any further act on the part of any of the parties hereto. 

  

  
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  Article 6

      

      MISCELLANEOUS

   

  6.1          Amendment. This Agreement may be amended by the
      parties hereto, without the consent of the holder of any Warrant Certificate, for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained herein, or making any other provisions with respect to
      matters or questions arising under this Agreement as the Company and the Warrant Agent may deem necessary or desirable; provided that such action shall not materially adversely affect the interests of the holders of the Warrant Certificates.

   

  6.2          Notices and Demands to the Company and Warrant Agent. If

      the Warrant Agent shall receive any notice or demand addressed to the Company by the holder of a Warrant Certificate pursuant to the provisions of the Warrant Certificates, the Warrant Agent shall promptly forward such notice or demand to the
      Company.

   

  6.3          Addresses. Any communication from the Company to
      the Warrant Agent with respect to this Agreement shall be addressed to [●], Attention: [●] and any communication from the Warrant Agent to the Company with respect to this Agreement shall be addressed to Immunocore, LLC, Six Tower Bridge, Suite 200,
      181 Washington Street Conshohocken, Pennsylvania 19428, Attn: Chief Financial Officer (or such other address as shall be specified in writing by the Warrant Agent or by the Company).

   

  6.4          Governing Law. This Agreement and each Warrant
      Certificate issued hereunder shall be governed by and construed in accordance with the laws of the State of New York.

   

  6.5          Delivery of Prospectus. The Company shall furnish
      to the Warrant Agent sufficient copies of a prospectus meeting the requirements of the Securities Act of 1933, as amended, relating to the Warrant Debt Securities deliverable upon exercise of the Warrants (the “Prospectus”), and the
      Warrant Agent agrees that upon the exercise of any Warrant, the Warrant Agent will deliver to the holder of the Warrant Certificate evidencing such Warrant, prior to or concurrently with the delivery of the Warrant Debt Securities issued upon such
      exercise, a Prospectus. The Warrant Agent shall not, by reason of any such delivery, assume any responsibility for the accuracy or adequacy of such Prospectus.

   

  6.6          Obtaining of Governmental Approvals. The Company
      will from time to time take all action which may be necessary to obtain and keep effective any and all permits, consents and approvals of governmental agencies and authorities and securities act filings under United States Federal and state laws
      (including without limitation a registration statement in respect of the Warrants and Warrant Debt Securities under the Securities Act of 1933, as amended), which may be or become requisite in connection with the issuance, sale, transfer, and
      delivery of the Warrant Debt Securities issued upon exercise of the Warrants, the issuance, sale, transfer and delivery of the Warrants or upon the expiration of the period during which the Warrants are exercisable.

   

  6.7          Persons Having Rights Under the Agreement. Nothing
      in this Agreement shall give to any person other than the Company, the Warrant Agent and the holders of the Warrant Certificates any right, remedy or claim under or by reason of this Agreement.

   

  6.8          Headings. The descriptive headings of the several
      Articles and Sections of this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. 

  

  
    9 

    
      
 

  

   

  6.9          Counterparts. This Agreement may be executed in any
      number of counterparts, each of which as so executed shall be deemed to be an original, but such counterparts shall together constitute but one and the same instrument.

   

  6.10        Inspection of Agreement. A copy of this Agreement
      shall be available at all reasonable times at the principal corporate trust office of the Warrant Agent for inspection by the holder of any Warrant Certificate. The Warrant Agent may require such holder to submit such holder’s Warrant Certificate for
      inspection by it. 

  
    10 

    
      
 

  

   

  EXHIBIT 4.7

   

  In Witness Whereof, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

   

  	 	Immunocore Holdings plc, as Company
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Attest:	 
	 	 	 
	 	 	 
	 	Countersigned
	 	 	 
	 	[●], as Warrant Agent
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Attest:	 
	 	 	 

   

  

  [Signature Page to Immunocore Holdings plc
      Debt Securities Warrant Agreement]  

  
     

    
      
 

  

   

  Exhibit A

   

  FORM OF WARRANT CERTIFICATE 

  [FACE OF WARRANT CERTIFICATE] 

  	 	 
	[Form of Legend if Warrants are not immediately exercisable.]	[Prior to [●], Warrants evidenced by this Warrant Certificate cannot be exercised.]
	 	 	 

  EXERCISABLE ONLY IF COUNTERSIGNED BY THE WARRANT AGENT AS PROVIDED HEREIN

   

  VOID AFTER [●] P.M., [City] time, ON [●]. 

  
     

    
      
 

  

   

  IMMUNOCORE HOLDINGS PLC

      WARRANT CERTIFICATE REPRESENTING

      WARRANTS TO PURCHASE

      [TITLE OF WARRANT DEBT SECURITIES]

   

  	No. [●]	[●] Warrants

   

  This certifies that [●] or registered assigns is the registered owner of the above indicated
      number of Warrants, each Warrant entitling such owner to purchase, at any time [after [●] p.m., [City] time, [on [●] and] on or before [●] p.m., [City] time, on [●], $[●] principal amount of [TITLE OF WARRANT DEBT SECURITIES] (the “Warrant Debt
          Securities”), of Immunocore Holdings plc (the “Company”) issued or to be issued under the Indenture (as hereinafter defined), on the following basis: during the period from [●], through and including [●], each Warrant shall
      entitle the Holder thereof, subject to the provisions of this Agreement, to purchase the principal amount of Warrant Debt Securities stated in the Warrant Certificate at the warrant price (the “Warrant Price”) of [●]% of the principal
      amount thereof [plus accrued amortization, if any, of the original issue discount of the Warrant Debt Securities] [plus accrued interest, if any, from the most recent date from which interest shall have been paid on the Warrant Debt Securities or, if
      no interest shall have been paid on the Warrant Debt Securities, from the date of their original issuance]. [The original issue discount ($[●] for each $1,000 principal amount of Warrant Debt Securities) will be amortized at a [●]% annual rate,
      computed on a[n] [semi-]annual basis [using a 360-day year consisting of twelve 30-day months]. The Holder may exercise the Warrants evidenced hereby by providing certain information set forth on the back hereof and by paying in full, in lawful money
      of the United States of America, [in cash or by certified check or official bank check in New York Clearing House funds] [by bank wire transfer in immediately available funds], the Warrant Price for each Warrant Debt Security with respect to which
      this Warrant is exercised to the Warrant Agent (as hereinafter defined) and by surrendering this Warrant Certificate, with the purchase form on the back hereof duly executed, at the corporate trust office of [name of Warrant Agent], or its successor
      as warrant agent (the “Warrant Agent”), which is, on the date hereof, at the address specified on the reverse hereof, and upon compliance with and subject to the conditions set forth herein and in the Warrant Agreement (as hereinafter
      defined).

   

  The term “Holder” as used herein shall mean the person in whose name at the
      time this Warrant Certificate shall be registered upon the books to be maintained by the Warrant Agent for that purpose pursuant to Section 4 of the Warrant Agreement.

   

  The Warrants evidenced by this Warrant Certificate may be exercised to
      purchase Warrant Debt Securities in the principal amount of $1,000 or any integral multiple thereof in registered form. Upon any exercise of fewer than all of the Warrants evidenced by this Warrant Certificate, there shall be issued to the Holder
      hereof a new Warrant Certificate evidencing Warrants for the aggregate principal amount of Warrant Debt Securities remaining unexercised.

   

  This Warrant Certificate is issued under and in accordance with the
      Warrant Agreement dated as of [●] (the “Warrant Agreement”), between the Company and the Warrant Agent and is subject to the terms and provisions contained in the Warrant Agreement, to all of which terms and provisions the Holder of
      this Warrant Certificate consents by acceptance hereof. Copies of the Warrant Agreement are on file at the above-mentioned office of the Warrant Agent. 

  

  
     

    
      
 

  

   

  The Warrant Debt Securities to be issued and delivered upon the exercise of Warrants
      evidenced by this Warrant Certificate will be issued under and in accordance with an Indenture, dated as of [●] (the “Indenture”), between the Company and [●], as trustee (such trustee, and any successors to such trustee, the “Trustee”)]

      and will be subject to the terms and provisions contained in the Warrant Debt Securities and in the Indenture. Copies of the Indenture, including the form of the Warrant Debt Securities, are on file at the corporate trust office of the Trustee.

   

  Transfer of this Warrant Certificate may be registered when this Warrant
      Certificate is surrendered at the corporate trust office of the Warrant Agent by the registered owner or such owner’s assigns, in the manner and subject to the limitations provided in the Warrant Agreement.

   

  After countersignature by the Warrant Agent and prior to the expiration of
      this Warrant Certificate, this Warrant Certificate may be exchanged at the corporate trust office of the Warrant Agent for Warrant Certificates representing Warrants for the same aggregate principal amount of Warrant Debt Securities.

   

  This Warrant Certificate shall not entitle the Holder hereof to any of the
      rights of a holder of the Warrant Debt Securities, including, without limitation, the right to receive payments of principal of (and premium, if any) or interest, if any, on the Warrant Debt Securities or to enforce any of the covenants of the
      Indenture.

   

  Reference is hereby made to the further provisions of this Warrant
      Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

   

  This Warrant Certificate shall not be valid or obligatory for any purpose
      until countersigned by the Warrant Agent.

   

  In Witness Whereof, the Company has caused this Warrant to be executed in its name and on its behalf by the facsimile signatures of its duly authorized officers.

   

  	Dated:             ______________	 
		 	 
	Immunocore Holdings plc, as Company	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	 	 	 
	ATTEST:	 	 
	 	 	 
	 	 
	
          COUNTERSIGNED

           

          [●], as Warrant Agent 

        	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	 	 	 
	ATTEST:	 	 
	 	 	 

  

  
     

    
      
 

  

   

  [REVERSE OF WARRANT CERTIFICATE]

   

  (Instructions for Exercise of Warrant)

   

  To exercise any Warrants evidenced hereby for Warrant Debt Securities
      (as hereinafter defined), the Holder must pay, in lawful money of the United States of America, [in cash or by certified check or official bank check in New York Clearing House funds] [by bank wire transfer in immediately available funds], the
      Warrant Price in full for Warrants exercised, to [●] [address of Warrant Agent], Attention: [●], which payment must specify the name of the Holder and the number of Warrants exercised by such Holder. In addition, the Holder must complete the
      information required below and present this Warrant Certificate in person or by mail (certified or registered mail is recommended) to the Warrant Agent at the appropriate address set forth above. This Warrant Certificate, completed and duly executed,
      must be received by the Warrant Agent within five business days of the payment.

   

  (To be executed upon exercise of Warrants)

   

  The undersigned hereby irrevocably elects to exercise ______ Warrants,
      evidenced by this Warrant Certificate, to purchase _______ $[●] principal amount of the [TITLE OF WARRANT DEBT SECURITIES] (the “Warrant Debt Securities”), of Immunocore Holdings plc. and represents that the undersigned has tendered
      payment for such Warrant Debt Securities, in lawful money of the United States of America, [in cash or by certified check or official bank check in New York Clearing House funds] [by bank wire transfer in immediately available funds], to the order of
      Immunocore Holdings plc, c/o [insert name and address of Warrant Agent], in the amount of $_________ in accordance with the terms hereof. The undersigned requests that said principal amount of Warrant Debt Securities be in fully registered form in
      the authorized denominations, registered in such names and delivered all as specified in accordance with the instructions set forth below.

   

  If the number of Warrants exercised is less than all of the Warrants
      evidenced hereby, the undersigned requests that a new Warrant Certificate evidencing the Warrants for the aggregate principal amount of Warrant Debt Securities remaining unexercised be issued and delivered to the undersigned unless otherwise
      specified in the instructions below.

   

  	Dated:	 	 	Name:	 
	 	 	 	 	Please Print

  

   

  Address:

   

  

  
  
     

  

  
  (Insert Social Security or Other Identifying Number

      of Holder)

   

  Signature Guaranteed: ______________________________________________ 

  Signature

   

  (Signature must conform in all respects to name of holder as specified on the face of this
      Warrant Certificate and must bear a signature guarantee by a FINRA member firm).

   

  This Warrant may be exercised at the following addresses: By hand at:

   

  [●] 

  

  
     

    
      
 

  

   

  By mail at:

   

  [Instructions as to form and delivery of Warrant Debt Securities and, if applicable, Warrant
      Certificates evidencing Warrants for the number of Warrant Debt Securities remaining unexercised—complete as appropriate.] 

  
     

    
      
 

  

   

  ASSIGNMENT

   

  [Form of assignment to be executed if Warrant Holder desires to transfer Warrant]

   

  For Value Received, ______________ hereby sells, assigns and transfers unto: 

  	 	 	 
	(Please print name and address including zip code)	 	Please print Social Security or other identifying number

  

   

  the right represented by the within Warrant to purchase ________ aggregate principal amount
      of [Title of Warrant Debt Securities] of Immunocore Holdings plc to which the within Warrant relates and appoints ____________________ attorney to transfer such right on the books of the Warrant Agent with full power of substitution in the premises.

   

  	Dated:	 	 	Name:	 
	 	 	 	 	Signature

  

   

  (Signature must conform in all respects to name of holder as specified
      on the face of the Warrant)

   

  Signature GuaranteedEX-4.1

 Exhibit 4.1 

TO BE RECORDED AND WHEN 
 RECORDED RETURN TO: 

Hunton Andrews Kurth LLP 
 550 South Hope Street, Suite 2000 

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

 
  

FOURTEENTH SUPPLEMENTAL INDENTURE 

DATED AS OF APRIL 4, 2022 

SUPPLEMENT TO INDENTURE OF MORTGAGE 

DATED AS OF JUNE 19, 2020 

PACIFIC GAS AND ELECTRIC COMPANY 

Issuer (Mortgagor) 
 and

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

Trustee (Mortgagee) 
  

 

 TABLE OF CONTENTS 

 

					
		
	 ARTICLE I DEFINITIONS
	  	 	1	 
		
	 ARTICLE II ESTABLISHMENT OF THE BOND OF THE FORTY-SEVENTH SERIES
	  	 	3	 
		
	 ARTICLE III AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	4	 
		
	 ARTICLE IV COVENANTS
	  	 	5	 
		
	 ARTICLE V MISCELLANEOUS
	  	 	5	 
		
	 EXHIBIT A – FORM OF THE BOND OF THE FORTY-SEVENTH SERIES
	  			
		
	 SCHEDULE 1 – MORTGAGE INDENTURE RECORDING INFORMATION
	  			

  
 i 

 FOURTEENTH SUPPLEMENTAL INDENTURE, dated as of April 4, 2022 (this
“Fourteenth Supplemental Indenture”), by and between PACIFIC GAS AND ELECTRIC COMPANY, a California corporation (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national
banking association organized under the laws of the United States of America, as Trustee and Mortgagee under the Mortgage Indenture (as hereinafter defined) (the “Trustee”). 

RECITALS OF THE COMPANY 

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

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

C. Pursuant to the Term Credit Agreement (as hereinafter defined) and Section 3.01 of the Mortgage Indenture, the Company and the Trustee
deem it advisable to enter into this Fourteenth Supplemental Indenture for the purposes of establishing the terms of the Bond of the Forty-Seventh Series (as hereinafter defined). 

D. The execution and delivery of this Fourteenth Supplemental Indenture has been authorized by a Board Resolution (as defined in the Mortgage
Indenture). 
 E. Concurrent with the execution hereof, the Company has delivered to the Trustee an Officer’s Certificate (as defined
in the Mortgage Indenture) and has caused its counsel to deliver to the Trustee an Opinion of Counsel (as defined in the Mortgage Indenture) pursuant to Section 14.03 of the Mortgage Indenture. 

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

DEFINITIONS 

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

  
 1 

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

The following additional definitions are hereby established for purposes of this Fourteenth Supplemental Indenture and shall have the meanings
set forth in this Fourteenth Supplemental Indenture only for purposes of this Fourteenth Supplemental Indenture: 
 “Ascertainable
Fees” means any fees due and payable under the Loan Documents and any other written fee agreements from time to time entered into in connection with the Term Credit Agreement by the Company and any other party to the Term Credit Agreement
(the “Related Fee Letters”), including facility fees, administrative agent fees, fronting fees, arranger fees and up-front fees, that are determinable with reasonable certainty by the Company
solely by reference to the Loan Documents or the Related Fee Letters. 
 “Electronic Means” means the following
communications methods: e-mail, facsimile transmission, secure electronic transmission containing applicable authorization codes, passwords and/or authentication keys issued by the Trustee, or another method
or system specified by the Trustee as available for use in connection with its services hereunder. 
 “Interest Amount”
means, without duplication, interest on all Obligations and all Ascertainable Fees and interest thereon (including, for the avoidance of doubt, any default interest), due and payable under the Loan Documents and Related Fee Letters. 

“Interest Payment Date” means each date on which Interest Amounts are due and payable pursuant to the Loan Documents. 

“Loan Documents” means the Term Credit Agreement, the Bond Delivery Agreement (as defined in the Term Credit Agreement), the
Notes (as defined in the Term Credit Agreement) held by the Lenders (as defined in the Term Credit Agreement) holding Loans (as defined in the Term Credit Agreement), and any amendment, restatement, waiver, supplement or modification to any of the
foregoing. 
 “Obligations” means all Obligations (as defined in the Term Credit Agreement) relating solely to the Loans,
including Ascertainable Fees, but excluding the Interest Amount, in each case solely on account of the Loans. 
 “Term Credit
Agreement” means the Term Loan Credit Agreement, dated as of April 4, 2022, by and among the Company, the several banks and other financial institutions or entities party thereto from time to time, and MUFG Bank, LTD., as
Administrative Agent, as amended, supplemented, restated or otherwise modified from time to time. 

  
 2 

 ARTICLE II 

ESTABLISHMENT OF THE BOND OF THE FORTY-SEVENTH SERIES 

Section 201 Establishment of the Bond of the Forty-Seventh Series. 

Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a forty-seventh
series of Bonds designated as the “Bond of the Forty-Seventh Series” (the “Bond of the Forty-Seventh Series”). The Bond of the Forty-Seventh Series shall be fully registered in the name of and delivered to MUFG Bank, LTD.,
as Administrative Agent under the Term Credit Agreement. 
 Section 202 Form of the Bond of the Forty-Seventh Series. 

The Bond of the Forty-Seventh Series shall be issued in certificated form and the form of the Bond of the Forty-Seventh Series is set forth in
Exhibit A hereto and is hereby incorporated herein and made a part hereof. 
 Section 203 Principal Amount of the Bond of the
Forty-Seventh Series. 
 The Bond of the Forty-Seventh Series shall be dated April 4, 2022 and be issued in an initial face amount
of $500,000,000, which face amount shall represent the maximum principal amount of the Bond of the Forty-Seventh Series and such amount shall be subject to increases or decreases in the aggregate principal amount of the Bond of the Forty-Seventh
Series as evidenced by Schedule A attached thereto, without amendment hereof, pursuant to the Loan Documents and the procedures identified in Section 502 of this Fourteenth Supplemental Indenture. The amount of principal payable on the Bond of
the Forty-Seventh Series, and the date or dates on which such principal is payable, shall be as set forth in said Bond. For all purposes of the Mortgage Indenture, the principal amount of the Bond of the Forty-Seventh Series Outstanding as of any
date of calculation shall be equal to the Obligations (as defined in the Bond of the Forty-Seventh Series) outstanding under the Loan Documents (as defined in the Bond of the Forty-Seventh Series) as of such date, but in no event shall the principal
amount of such Bond as of any date of calculation be greater than the then current face amount of such Bond. The initial face amount of the Bond of the Forty-Seventh Series may be increased or reduced from time to time as set forth in said Bond and
the procedures identified in Section 502 of this Fourteenth Supplemental Indenture. Principal of the Bond of the Forty-Seventh Series shall be payable without the presentment or surrender thereof. 

Section 204 Interest Rates; Interest Payment Dates; Stated Maturity of the Bond of the Forty-Seventh Series. 

The Bond of the Forty-Seventh Series shall bear interest at the rate or rates, and interest with respect thereto will be payable on the
Interest Payment Dates, in each case for such Obligations, set forth in said Bond. The Bond of the Forty-Seventh Series shall have a Stated Maturity of April 3, 2023 (as the same may be extended, without amendment hereof, pursuant to the Loan
Documents (as defined in the Term Credit Agreement) and the procedures identified in Section 501 of this Fourteenth Supplemental Indenture). Interest on the Bond of the Forty-Seventh Series shall accrue from the same dates that interest, if
any, accrues on outstanding Obligations pursuant to the Loan Documents until such interest is paid. 

  
 3 

 Section 205 No Redemption; No Sinking Fund. 

The Bond of the Forty-Seventh Series shall not be subject to redemption prior to its Stated Maturity. No sinking fund is provided for the Bond
of the Forty-Seventh Series. 
 Section 206 Paying Agent and Bond Registrar. 

The Trustee is hereby appointed as initial Paying Agent and initial Bond Registrar for the Bond of the Forty-Seventh Series. The Place of
Payment of the Bond of the Forty-Seventh Series shall be the Corporate Trust Office of the Trustee; provided, however, that the Company reserves the right to change, by one or more Officer’s Certificates any such place or the Bond
Registrar; provided, further, that the Company reserves the right to designate, by one or more Officer’s Certificates, one or more of its offices as any such place or itself as the Bond Registrar. 

Section 207 No Exchanges; Limitations on Transfers. 

The Bond of the Forty-Seventh Series may not be exchanged for any other Bond, except as provided in Section 3.06 of the Mortgage
Indenture, and may not be transferred except to effect an assignment thereof to a successor or an assign of the Administrative Agent (as defined in the Term Credit Agreement). The Company may take such actions as it shall deem necessary, desirable
or appropriate to effect compliance with such restrictions on transfer, including the issuance of stop-transfer instructions to the Trustee or any other transfer agent. 

Section 208 Other Terms of the Bond of the Forty-Seventh Series. 

The other terms of the Bond of the Forty-Seventh Series shall be as expressly set forth in Exhibit A hereto. 

ARTICLE III 

AMENDMENT, SUPPLEMENT AND WAIVER 

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

  
 4 

 ARTICLE IV 

COVENANTS 
 Each of
the agreements and covenants of the Company contained in Article VII of the Mortgage Indenture shall apply to the Bonds of the Forty-Seventh Series established hereby as of the Original Issue Date (as defined in the Bonds of the Forty-Seventh
Series). 
 ARTICLE V 

MISCELLANEOUS 

Section 501 Extension Procedures for the Bond of the Forty-Seventh Series. 

From time to time, the Maturity Date specified on the Bond of the Forty-Seventh Series may be extended, without amendment hereof, pursuant to
the Loan Documents when the Company delivers to the Trustee each of the following: 
 (a) An Officer’s Certificate stating that
(i) to the knowledge of the signer, no Event of Default has occurred and is continuing and (ii) the Maturity Date corresponding to the Bond of the Forty-Seventh Series has been extended pursuant to the terms of the Loan Documents and
specifying such new Maturity Date. Such Officer’s Certificate shall provide as an exhibit a copy of a notice executed by the Administrative Agent (as defined in the Term Credit Agreement) confirming that the Maturity Date corresponding to the
Bond of the Forty-Seventh Series has been extended pursuant to the terms of the Loan Documents and specifying such new Maturity Date. 
 (b)
A Company Order requesting the Trustee update the Maturity Date corresponding to the Bond of the Forty-Seventh Series to such new Maturity Date and authenticate a replacement Bond of the Forty-Seventh Series upon surrender by the Administrative
Agent (as defined in the Term Credit Agreement) of the existing certificated Bond of the Forty-Seventh Series and to cancel and dispose of, in the manner provided in the Mortgage Indenture, such existing certificated Bond, and upon such cancellation
and disposition, such existing certificated Bond shall no longer be considered Outstanding. 
 Section 502 Amendment Procedures for
Principal Amount of the Bond of the Forty-Seventh Series. 
 From time to time, the principal amount specified on the Bond of the
Forty-Seventh Series may be increased or decreased as evidenced by Schedule A attached thereto, without amendment hereof, pursuant to the Loan Documents when the Company delivers to the Trustee each of the following: 

(a) An Officer’s Certificate stating that (i) to the knowledge of the signer, no Event of Default has occurred and is continuing,
(ii) the principal amount corresponding to the Bond of the Forty-Seventh Series has been increased or decreased pursuant to the terms of the Loan Documents and specifying such new principal amount and (iii) in the case of an increase in
the principal amount of the Bond, the conditions thereto as set forth in the Mortgage Indenture are satisfied. Such Officer’s Certificate shall provide as an exhibit a copy of a notice executed by the Administrative Agent (as defined in the
Term Credit Agreement) confirming that the principal amount corresponding to the Bond of the Forty-Seventh Series has been amended pursuant to the terms of the Loan Documents and specifying such new principal amount. 

  
 5 

 (b) A Company Order requesting the Trustee update the principal amount corresponding to the
Bond of the Forty-Seventh Series to such new principal amount and either (i) upon receipt of the existing certificated Bond of the Forty-Seventh Series from the Administrative Agent (as defined in the Term Credit Agreement), update Schedule A
attached thereto and return such updated Bond of the Forty-Seventh Series to the Administrative Agent (as defined in the Term Credit Agreement) or (ii) authenticate a replacement Bond of the Forty-Seventh Series upon surrender by the
Administrative Agent (as defined in the Term Credit Agreement) of the existing certificated Bond of the Forty-Seventh Series and to cancel and dispose of, in the manner provided in the Mortgage Indenture, such existing certificated Bond, and upon
such cancellation and disposition, such existing certificated Bond shall no longer be considered Outstanding. 
 Section 503
Procedures for the Authentication of Replacement Bonds Representing the Bond of the Forty-Seventh Series. 
 From time to time, the
terms of the Loan Documents may require that the Bond of the Forty-Seventh Series be represented by multiple certificated Bonds that, in the aggregate, represent the Bond of the Forty-Seventh Series (collectively, the “Replacement Bonds of
the Forty-Seventh Series”) to account for amendments to the Term Credit Agreement that result in a portion of the Loans (as defined in the Term Credit Agreement) having a different Maturity Date or other terms. The Bond of the Forty-Seventh
Series may be amended and replaced by any number of Replacement Bonds of the Forty-Seventh Series, without amendment hereof, pursuant to the Loan Documents when the Company delivers to the Trustee each of the following: 

(a) An Officer’s Certificate stating that (i) to the knowledge of the signer, no Event of Default has occurred and is continuing and
(ii) a description of the amendment that was made to the Term Credit Agreement giving rise to the need to issue such Replacement Bonds of the Forty-Seventh Series. Such Officer’s Certificate shall provide as an exhibit a copy of a notice
executed by the Administrative Agent (as defined in the Term Credit Agreement) confirming such changes and new terms for the Replacement Bonds of the Forty-Seventh Series. 

(b) A Company Order requesting the Trustee authenticate the Replacement Bonds of the Forty-Seventh Series with the Maturity Date(s) and
principal amount(s) specified in the Officer’s Certificate delivered pursuant to Section 503(a) of this Fourteenth Supplemental Indenture upon surrender by the Administrative Agent (as defined in the Term Credit Agreement) of the existing
certificated Bond of the Forty-Seventh Series and to cancel and dispose of, in the manner provided in the Mortgage Indenture, such existing certificated Bond, and upon such cancellation and disposition, such existing certificated Bond shall no
longer be considered Outstanding. 
 (c) For purposes of this Fourteenth Supplemental Indenture, the term “Bond of the Forty-Seventh
Series” shall become “Bonds of the Forty-Seventh Series” upon satisfaction of the requirements of Section 503(a) and (b) of this Fourteenth Supplemental Indenture and the Trustee’s authentication of any Replacement
Bonds of the Forty-Seventh Series. 

  
 6 

 Section 504 Concerning the Trustee. 

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

Section 505 Application of Fourteenth Supplemental Indenture. 

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

Section 506 Headings. 

The headings of the several Articles of this Fourteenth Supplemental Indenture are inserted for convenience of reference, and shall not be
deemed to be any part hereof. 
 Section 507 Effective Date. 

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

Section 508 Counterparts. 

This Fourteenth Supplemental Indenture may be executed in any number of counterparts, and each of such counterparts shall together constitute
but one and the same instrument. Delivery of an executed Fourteenth Supplemental Indenture by one party to the other may be made by facsimile, electronic mail (including any electronic signature complying with the New York Electronic Signatures and
Records Act (N.Y. State Tech. §§ 301-309), as amended from time to time, or other applicable law) or other transmission method, and the parties hereto agree that any counterpart so delivered shall be
deemed to have been duly and validly delivered and be valid and effective for all purposes. 
 Section 509 Governing Law. 

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

  
 7 

 Section 510 Severability. 

In case any provision in this Fourteenth Supplemental Indenture and the Bond of the Forty-Seventh Series 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 511 Incorporation by Reference. 

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

Section 512 Electronic Communication. 

With respect to the Bond of the Forty-Seventh Series under this Fourteenth Supplemental Indenture, the Trustee shall have the right to accept
and act upon instructions (“Instructions”), given pursuant to this Fourteenth Supplemental Indenture and delivered using Electronic Means; provided, however, that the Company shall provide to the Trustee an incumbency certificate
listing Authorized Officers and containing specimen signatures of such Authorized Officers, which incumbency certificate shall be amended by the Company whenever a person is to be added or deleted from the listing. If the Company elects to give the
Trustee Instructions using Electronic Means and the Trustee in its discretion elects to act upon such Instructions, the Trustee’s understanding of such Instructions shall be deemed controlling. The Company understands and agrees that the
Trustee cannot determine the identity of the actual sender of such Instructions and that the Trustee shall conclusively presume that directions that purport to have been sent by an Authorized Officer listed on the incumbency certificate provided to
the Trustee have been sent by such Authorized Officer. The Company shall be responsible for ensuring that only Authorized Officers transmit such Instructions to the Trustee and that the Company and all Authorized Officers are solely responsible to
safeguard the use and confidentiality of applicable user and authorization codes, passwords and/or authentication keys upon receipt thereof by the Company. The Trustee shall not be liable for any losses, costs or expenses arising directly or
indirectly from the Trustee’s reliance upon and compliance with such Instructions notwithstanding such directions conflict or are inconsistent with a subsequent written instruction. The Company agrees: (i) to assume all risks arising out
of the use of Electronic Means to submit Instructions to the Trustee including without limitation the risk of the Trustee acting on unauthorized Instructions, and the risk of interception and misuse by third parties; (ii) that it is fully
informed of the protections and risks associated with the various methods of transmitting Instructions to the Trustee and that there may be more secure methods of transmitting Instructions than the method(s) selected by the Company; (iii) that
the security procedures (if any) to be followed in connection with its transmission of Instructions provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances; and (iv) to notify the Trustee
immediately upon learning of any compromise or unauthorized use of the security procedures. 
  

  
 8 

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

			
	PACIFIC GAS AND ELECTRIC COMPANY, as Issuer (Mortgagor)
		
	By:	 	 /s/ Margaret K. Becker

	Name:	 	Margaret K. Becker
	Title:	 	Vice President and Treasurer
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee (Mortgagee)
		
	By:	 	 /s/ Ann M. Dolezal

	Name:	 	Ann M. Dolezal
	Title:	 	Vice President

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

  

			
	STATE OF CALIFORNIA	  	}
		  	}
	COUNTY OF SAN FRANCISCO	  	}

 On March 24, 2022, before me, Jolie F. Ocampo, a notary public, personally appeared Margaret K. Becker, who proved to me
on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her authorized capacity, and that by her signature on the instrument the person, or the
entity upon behalf of which the person acted, executed the instrument. 
 I certify under PENALTY OF PERJURY under the laws of the State of California that
the foregoing paragraph is true and correct. 
 WITNESS my hand and official seal. 

 

	
	 /s/ Jolie F. Ocampo

	Signature

 (Seal) 

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

  

			
	STATE OF ILLINOIS	  	}
		  	}
	COUNTY OF COOK	  	}

 On March 23, 2022, before me, Lawrence M. Kusch, personally appeared Ann M. Dolezal, a Vice President of The Bank of New
York Mellon Trust Company, N.A., who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her authorized capacity, and that by her
signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. 
 WITNESS my hand and official seal.

  

	
	 /s/ Lawrence M. Kusch

	Signature

 (Seal) 

 EXHIBIT A 

[FORM OF BOND OF THE FORTY-SEVENTH SERIES] 

[FORM OF FACE OF BOND] 

NOTE: THE HOLDER OF THIS BOND BY ACCEPTANCE HEREOF AGREES TO RESTRICTIONS ON TRANSFER, TO WAIVERS OF CERTAIN RIGHTS OF EXCHANGE, AND TO
INDEMNIFICATION PROVISIONS AS SET FORTH BELOW. IN ADDITION, THE BOND REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND SUCH BOND OR ANY INTEREST THEREIN MAY NOT BE TRANSFERRED WITHOUT COMPLIANCE WITH
APPLICABLE SECURITIES LAWS. 
 THIS BOND IS NOT TRANSFERABLE EXCEPT TO A SUCCESSOR OR ASSIGN OF THE ADMINISTRATIVE AGENT UNDER THE TERM
CREDIT AGREEMENT REFERRED TO HEREIN AMONG THE COMPANY (AS DEFINED HEREIN) AND THE SEVERAL PARTIES THERETO. THE COMPANY MAY TAKE SUCH ACTIONS AS IT SHALL DEEM NECESSARY, DESIRABLE, OR APPROPRIATE TO EFFECT COMPLIANCE WITH THESE RESTRICTIONS ON
TRANSFER, INCLUDING THE ISSUANCE OF STOP -TRANSFER INSTRUCTIONS TO THE TRUSTEE (AS DEFINED HEREIN) UNDER THE MORTGAGE INDENTURE REFERRED TO HEREIN OR ANY OTHER TRANSFER AGENT THEREUNDER. 

AS SET FORTH HEREIN, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS BOND AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. 

THE FOLLOWING SUMMARY OF TERMS IS SUBJECT TO THE INFORMATION SET FORTH IN THIS BOND: 

 

					
	ORIGINAL ISSUE DATE: April 4, 2022	  	 FACE AMOUNT:
 $__________(as the same may be
amended, without amendment hereof, pursuant to the Loan Documents and the procedures identified in Section 502 of the Fourteenth Supplemental Indenture)
	  	INTEREST RATE: See below

  
 A-1 

					
	MATURITY DATE: April 3, 2023 (as the same may be extended, without amendment hereof, pursuant to the Loan Documents and the procedures identified in Section 501 of the Fourteenth Supplemental Indenture)	  	INTEREST PAYMENT DATES: See below	  	 THIS BOND IS A:
 ☐ Global Book-Entry
Bond
 ☒ Certificated Bond

			
	REGISTERED OWNER: MUFG Bank, LTD., as Administrative Agent under the Term Credit Agreement (as defined below), or any successor Administrative Agent under the Term Credit Agreement	  		  	

 This Bond is not a Discount Bond 

within the meaning of the within mentioned Mortgage Indenture 

  
 A-2 

 PACIFIC GAS AND ELECTRIC COMPANY 

Bond of the Forty-Seventh Series 
 Face Amount
(as the same may be amended, without amendment hereof, pursuant to the Loan Documents and the procedures identified in Section 502 of the Fourteenth Supplemental Indenture): 

$_______ 
 No. _______ 

PACIFIC GAS AND ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State of California (herein called the
“Company,” which term includes any successor Person pursuant to the applicable provisions of the Mortgage Indenture hereinafter referred to), for value received, hereby promises to pay to MUFG BANK, LTD, as Administrative Agent (the
“Administrative Agent”), or its registered assigns, on behalf of the Secured Parties (as defined herein), the principal sum of up to _______ DOLLARS ($_______ ) or such lesser principal amount as shall be equal to the Obligations
(as defined herein) due and payable under the Loan Documents (as defined herein) and as evidenced on Schedule A hereto pursuant to the procedures identified in Section 502 of the Fourteenth Supplemental Indenture, and to pay interest with
respect to this Bond at the Interest Rate (as defined herein) for such Obligations until the principal hereof is paid or duly made available for payment, but in each case not later than the Maturity Date specified above (as the same may be extended,
without amendment hereof, pursuant to the Loan Documents and the procedures identified in Section 501 of the Fourteenth Supplemental Indenture) or, in the event of default of the payment of the principal hereof, until the Company’s
obligations with respect to the payment of such principal shall be discharged as provided in the Mortgage Indenture. 
 The principal amount
outstanding under this Bond will increase or decrease from time to time to be equal at all times to the Obligations outstanding from time to time under the Loan Documents. The principal due and payable hereunder by the Company as of any date shall
be equal to the Obligations due and payable under the Loan Documents on such date, and such principal shall be payable on the same dates (whether on the stated due dates or by acceleration pursuant to the terms of the Term Credit Agreement) as
Obligations are payable from time to time pursuant to the Loan Documents. The obligation of the Company to make any payment of principal on this Bond shall be fully or partially, as the case may be, deemed to have been paid or otherwise satisfied
and discharged to the extent that the Company has paid the Obligations due and payable under the Loan Documents. 
 Interest on this Bond
shall be payable on each Interest Payment Date (as defined herein). The obligation of the Company to make any payment of interest with respect to this Bond shall be fully or partially, as the case may be, deemed to have been paid or otherwise
satisfied and discharged to the extent that the Company has paid Interest Amounts (as defined herein) on the Obligations due and payable pursuant to the Loan Documents. 

For purposes of this Bond: 

  
 A-3 

 “Ascertainable Fees” means any fees due and payable under the Loan
Documents and any other written fee agreements from time to time entered into in connection with the Term Credit Agreement by the Company and any other party to the Term Credit Agreement (the “Related Fee Letters”), including
facility fees, administrative agent fees, fronting fees, arranger fees and up-front fees, that are determinable with reasonable certainty by the Company solely by reference to the Loan Documents or the Related
Fee Letters. 
 “Electronic Means” means the following communications methods:
e-mail, facsimile transmission, secure electronic transmission containing applicable authorization codes, passwords and/or authentication keys issued by the Trustee, or another method or system specified by
the Trustee as available for use in connection with its services hereunder. 
 “Interest Amount” means, without
duplication, interest on all Obligations and all Ascertainable Fees and interest thereon (including, for the avoidance of doubt, any default interest), due and payable under the Loan Documents and Related Fee Letters. 

“Interest Payment Date” means each date on which Interest Amounts are due and payable pursuant to the Loan Documents. 

“Loan Documents” means the Term Credit Agreement, the Bond Delivery Agreement (as defined in the Term Credit Agreement), the
Notes (as defined in the Term Credit Agreement) held by the Lenders (as defined in the Term Credit Agreement) holding Loans (as defined in the Term Credit Agreement), and any amendment, restatement, waiver, supplement or modification to any of the
foregoing. 
 “Obligations” means all Obligations (as defined in the Term Credit Agreement) relating solely to the Loans,
including Ascertainable Fees, but excluding the Interest Amount, in each case solely on account of the Loans. 
 “Term Credit
Agreement” means the Term Loan Credit Agreement, dated as of April 4, 2022, by and among the Company, the several banks and other financial institutions or entities party thereto from time to time, and MUFG Bank, LTD., as
Administrative Agent, as amended, supplemented, restated or otherwise modified from time to time. 
 Other capitalized terms used herein and
not otherwise defined herein shall have the meanings specified in the Mortgage Indenture, unless otherwise noted or the context otherwise requires. 

The Trustee (as defined herein) may conclusively presume that the obligation of the Company to pay the principal of and interest with
respect to this Bond shall have been fully satisfied and discharged unless and until it shall have received a written notice from the Registered Owner (specified above), signed by an authorized officer of the Registered Owner, stating that the
payment of principal of or interest with respect to this Bond has not been fully paid when due and specifying the amount of funds required to make such payment. The Trustee may also conclusively rely on any written notice from an authorized officer
of the Registered Owner with respect to the principal amount Outstanding at any time on this Bond and the interest payable with respect to this Bond at any time and the date or dates on which such principal and interest are payable. 

  
 A-4 

 Payments of the principal of and interest with respect to this Bond shall be made at the
Corporate Trust Office of the Trustee located initially in Los Angeles, California or at such other office or agency as may be designated for such purpose by the Company from time to time. Payment of the principal of and interest with respect to
this Bond, as aforesaid, shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts. 

The Maturity Date of this Bond specified above may be extended, without amendment hereof, pursuant to the terms of the Term Credit Agreement
and the procedures identified in Section 501 of the Fourteenth Supplemental Indenture. 
 The principal amount of this Bond specified
above may be amended, without amendment hereof, pursuant to the terms of the Term Credit Agreement and such amended principal amount may be evidenced on Schedule A hereto pursuant to the procedures identified in Section 502 of the Fourteenth
Supplemental Indenture. 
 REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS BOND SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER
PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 

  
 A-5 

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

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

Dated: ________________ 
  

	
	PACIFIC GAS AND ELECTRIC COMPANY
	
	By __________________________________
	
	By __________________________________

  
 A-6 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is the Bond of the series designated as the Bonds of the Forty-Seventh Series referred to in the within-mentioned Mortgage Indenture.

  

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

	
	
By                  
                                         
                                      

	Authorized Signatory

 Dated: 

  
 A-7 

 [FORM OF REVERSE OF BOND OF THE FORTY-SEVENTH SERIES] 

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

This Bond is issued to the Administrative Agent by the Company pursuant to the Company’s obligations under the Loan Documents. 

This Bond is not subject to redemption prior to the Maturity Date specified above. 

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

If an Event of Default (as defined in the Term Credit Agreement) shall have occurred under Section 8 of the Term Credit Agreement by
reason of a failure by the Company to make a payment with respect to any Obligation when the same shall be due and payable (including by acceleration) pursuant to the Loan Documents, it shall be deemed to be an Event of Default, for purposes of
Section 10.01 of the Mortgage Indenture, in payment of an amount of principal of this Bond equal to the amount of such unpaid Obligation (but, in no event, in excess of the face amount (maximum principal amount) of this Bond). If an Event of
Default (as defined in the Term Credit Agreement) shall have occurred under Section 8 of the Term Credit Agreement by reason of a failure by the Company to make a payment of any Interest Amount or any other Obligation when the same shall be due
and payable (including by acceleration) pursuant to the Loan Documents, it shall be deemed to be an Event of Default, for purposes of Section 10.01 of the Mortgage Indenture, in the payment of an amount of interest with respect to this Bond
equal to the amount of such unpaid Interest Amount or amount of such other Obligation. The Company’s obligation with respect to this Bond shall be fully satisfied when (and the holder hereof shall surrender this Bond to, or upon the order of,
the Company for cancellation) the Term Credit Agreement shall have been terminated and all of the Obligations and Interest Amounts then due and payable shall have been duly paid by the Company. At the time of surrender of this Bond, the holder
hereof shall deliver such appropriate instruments of transfer or release as may reasonably be requested by the Company. 

  
 A-8 

 If an Event of Default shall occur and be continuing as provided in the Mortgage Indenture,
the Trustee or the Holders of not less than 25% in aggregate principal amount of Bonds then Outstanding, considered as one class, may declare the principal amount of all Bonds then Outstanding to be due and payable immediately by notice in writing
to the Company (and to the Trustee if given by Holders); provided, however, that with respect to certain Events of Default relating to bankruptcy, insolvency and similar events, the principal amount of all Bonds then Outstanding shall be due
and payable immediately without further action by the Trustee or the Holders. 
 The Mortgage Indenture permits, with certain exceptions as
therein provided, the Company and the Trustee to enter into one or more supplemental indentures for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Mortgage Indenture with the consent
of the Holders of not less than a majority in aggregate principal amount of the Bonds at the time Outstanding, considered as one class; provided, however, that if there shall be Bonds of more than one series Outstanding under the Mortgage Indenture
and if a proposed supplemental indenture shall directly affect the rights of the Holders of Bonds of one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding
Bonds of all series so directly affected, considered as one class, shall be required; and provided, further, that if the Bonds of any series shall have been issued in more than one Tranche and if a proposed supplemental indenture shall directly
affect the rights of the Holders of Bonds of one or more, but less than all, of such Tranches, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Bonds of all Tranches so directly affected, considered
as one class, shall be required; and provided, further, that the Mortgage Indenture permits the Company and the Trustee to enter into one or more supplemental indentures for certain purposes without the consent of any Holders of Bonds; and provided,
further, that for the avoidance of doubt, the foregoing shall not change the voting requirements under Section 14.02 of the Mortgage Indenture, which for the avoidance of doubt, require the consent of the Holders of each Outstanding Bond of
each series or Tranche in certain circumstances. The Mortgage Indenture also contains provisions permitting the Holders of a majority in aggregate principal amount of Bonds, on behalf of the Holders of all such Bonds, to waive certain past defaults
under the Mortgage Indenture and their consequences. Any such consent or waiver by the Holder of this Bond shall be conclusive and binding upon such Holder and upon all future Holders of this Bond and of any Bond issued upon the registration of
transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Bond. Notwithstanding the foregoing, no supplemental indenture shall amend, modify or waive any provision of
Section 10.07 of the Mortgage Indenture without the consent of the Holders. 
 As provided in and subject to the provisions of the
Mortgage Indenture, the Holder of this Bond shall not have the right to institute any proceeding with respect to the Mortgage Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have
previously given the Trustee written notice of a continuing Event of Default, the Holders of at least 25% in aggregate principal amount of the Bonds at the time Outstanding shall have made written request to the Trustee to institute proceedings in
respect of such Event of 

  
 A-9 

 
Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of at least a majority in aggregate principal amount of Bonds at the time
Outstanding a direction inconsistent with such written request, and shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by
the Holder of this Bond for the enforcement of any payment of principal hereof or interest with respect hereto on or after the respective due dates expressed herein. 

No reference herein to the Mortgage Indenture and no provision of this Bond or of the Mortgage Indenture shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay the principal of and interest with respect to this Bond at the times, place and rate, and in the coin or currency, herein prescribed. 

For all purposes of the Mortgage Indenture, the principal amount of this Bond Outstanding as of any date of calculation shall be equal to the
Obligations outstanding under the Loan Documents as of such date. 
 This Bond is issuable in the denomination of $500,000,000 or such
greater or lesser amount equal to the face amount of this Bond as provided herein. 
 As provided in the Mortgage Indenture and subject to
certain limitations set forth therein and herein, the transfer of this Bond is registrable in the Bond Register, upon surrender of this Bond for registration of transfer at the office or agency of the Company in any place where the principal of and
interest with respect to this Bond are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or the Bond Registrar, as the case may be, duly executed by the Holder hereof or
such Holder’s attorney duly authorized in writing, and thereupon one or more new Bonds of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or
transferees. 
 Before any transfer of this Bond by the Holder or such Holder’s legal representative will be recognized or given effect
by the Company or the Trustee, the Holder shall note the then current principal amount payable on this Bond, the interest accrued to the date of such transfer and the then current face amount of this Bond, and shall notify the Company and the
Trustee of the name and address of the transferee and shall afford the Company and the Trustee the opportunity of verifying the notation as to such then current principal amount payable on this Bond, the interest accrued to the date of such transfer
and the then current face amount of this Bond. By acceptance hereof the Holder of this Bond and each transferee shall be deemed to have agreed to indemnify and hold harmless the Company and the Trustee against all losses, claims, damages or
liability arising out of any failure on part of the Holder or of any such transferee to comply with the requirements of the preceding sentence. 

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. 

  
 A-10 

 Prior to due presentment of this Bond for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name this Bond is registered as the owner hereof for all purposes, whether or not this Bond be overdue, and neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary. 
 This Bond shall be governed by, and construed and enforced in accordance with, the laws of the State
of New York without regard to the principles of conflicts of laws thereunder, except to the extent that the Trust Indenture Act shall be applicable. 

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

Anything in this Bond, the Mortgage Indenture, or the Loan Documents to the contrary notwithstanding, any payment by the Company of principal
of or interest on this Bond shall be applied by the holder hereof to the payment of any amounts owing by the Company on the Obligations and Interest Amounts that are then due or are to become due, and shall, to the extent of such application, for
all purposes, satisfy and discharge the obligation of the Company to make such payment on such Obligations and Interest Amounts, respectively. 

Anything in this Bond, the Mortgage Indenture, or the Loan Documents to the contrary notwithstanding, any payment by the Company of the
Obligations and Interest Amounts pursuant to the Loan Documents shall, to the extent thereof, for all purposes, satisfy and discharge the obligation of the Company to make a payment of principal or interest, as the case may be, in respect of this
Bond that is then due or is to become due. 

  
 A-11 

 SCHEDULE OF INCREASES OR DECREASES IN THE PRINCIPAL AMOUNT OF THE BOND OF THE
FORTY-SEVENTH SERIES 
  

									
	 Date
	  	 Amount of

Increase in
 Principal

Amount of
 this Bond
	  	 Amount of

Decrease in
 Principal Amount

of this Bond
	  	 Principal Amount

of this Bond
 following such

Increase or
 Decrease
	  	 Signature of

Authorized Signatory of
 the
Trustee

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

  
 A-12 

 ASSIGNMENT FORM 

To assign this Bond, fill in the form below: (1) or (we) assign and transfer this Bond to 

 
  

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

 
  

 
  

 
  

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

and irrevocably appoint                    
                                         
                                         
                                         
                                         
                            

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

Date:                       

 

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

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

  

  
 A-13 

 SCHEDULE 1 

RECORDING INFORMATION 

This Schedule 1 is hereby incorporated into and made a part of the Fourteenth Supplemental Indenture. The Fourteenth Supplemental
Indenture (or a memorandum describing such Fourteenth Supplemental Indenture) shall be recorded in the Official Records of the County (as defined above) in order to put third parties on record notice with respect thereto. 

The Mortgage Indenture was initially recorded in the Official Records of the County on the applicable recording dates and at the applicable
instrument numbers set forth in column A below. 
 The Memorandum of Supplemental First Mortgage Indentures, dated as of
August 12, 2020 was recorded in the Official Records of the County on the applicable recording dates and at the applicable instrument numbers set forth in column B below. 

Certain parcels of real property located in certain counties have been released from the lien of the Mortgage Indenture, as set forth in the
2020 Partial Release (as defined below). To the extent applicable, the Certificate of Partial Release of Lien, dated as of December 15, 2020 (the “2020 Partial Release”) was recorded in the Official Records of
the County on the applicable recording dates and at the applicable instrument numbers set forth in column C below. 
 The Seventh
Supplemental Indenture, dated as of November 16, 2020 was recorded in the Official Records of the County on the applicable recording dates and at the applicable instrument numbers set forth in column D below. 

The Eighth Supplemental Indenture, dated as of March 11, 2021 was recorded in the Official Records of the County on the applicable
recording dates and at the applicable instrument numbers set forth in column E below. 
 Certain parcels of real property located in certain
counties have been released from the lien of the Mortgage Indenture, as set forth in the 2021 Partial Release (as defined below). To the extent applicable, the Certificate of Partial Release of Lien, dated as of September 9, 2021
(the “2021 Partial Release”) was recorded in the Official Records of the County on the applicable recording dates and at the applicable instrument numbers set forth in column F below. 

The Memorandum of Supplemental First Mortgage Indentures, dated as of August 31, 2021 was recorded in the Official Records of the
County on the applicable recording dates and at the applicable instrument numbers set forth in column G below. 
 The Memorandum of
Supplemental First Mortgage Indentures, dated as of January 7, 2022 was recorded in the Official Records of the County on the applicable recording dates and at the applicable instrument numbers set forth in column H below. 

  
 Sch 1-1 

									
	 	  	 A
	  	 B
	  	 C
	  	 D

	 County
	  	 Recording Date &
Instrument Number

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

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

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

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

					
	Alameda	  	 Date: 7/8/2020

Instrument: 2020159002
	  	 Date: 8/19/2020

Instrument: 2020203390
	  	—	  	 Date: 3/8/2021

Instrument: 2021094794

					
	Alpine	  	 Date: 7/8/2020

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

Instrument: 2020000409
	  	—	  	 Date: 2/26/2021

Instrument: 2021-000224

					
	Amador	  	 Date: 7/7/2020

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

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

Instrument: 20210002728

					
	Butte	  	 Date: 7/7/2020

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

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

Instrument: 2021-0008993

					
	Calaveras	  	 Date: 7/7/2020

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

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

Instrument: 2021-003707

					
	Colusa	  	 Date: 7/13/2020

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

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

Instrument: 2021-0000922

					
	Contra Costa	  	 Date: 7/10/2020

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

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

Instrument: 2021-0068856

					
	El Dorado	  	 Date: 7/7/2020

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

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

Instrument: 2021-0014976

					
	Fresno	  	 Date: 7/7/2020

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

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

Instrument: 2021-0031297

					
	Glenn	  	 Date: 7/8/2020

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

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

Instrument: 2021-0901

					
	Humboldt	  	 Date: 7/14/2020

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

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

Instrument: 2021005120

					
	Kern	  	 Date: 7/7/2020

Instrument: 220088046
	  	 Date: 8/19/2020

Instrument: 220113312
	  	 Date: 12/29/2020

Instrument: 220202055
	  	 Date: 2/24/2021

Instrument: 221034332

  
 Sch 1-2 

									
	 	  	 A
	  	 B
	  	 C
	  	 D

	 County
	  	 Recording Date &
Instrument Number

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

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

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

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

					
	Kings	  	 Date: 7/7/2020

Instrument: 2011843
	  	 Date: 8/21/2020

Instrument: 2015093
	  	—	  	 Date: 2/24/2021

Instrument: 2104019

					
	Lake	  	 Date: 7/7/2020

Instrument: 2020008082
	  	 Date: 8/19/2020

Instrument: 2020010193
	  	—	  	 Date: 2/24/2021

Instrument: 2021003293

					
	Lassen	  	 Date: 7/8/2020

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

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

Instrument: 2021-00982

					
	Madera	  	 Date: 7/7/2020

Instrument: 2020015446
	  	 Date: 8/19/2020

Instrument: 2020019584
	  	—	  	 Date: 3/9/2021

Instrument: 2021007361

					
	Marin	  	 Date: 7/7/2020

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

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

Instrument: 2021-0013112

					
	Mariposa	  	 Date: 7/7/2020

Instrument: 20202190
	  	 Date: 8/20/2020

Instrument: 20202821
	  	—	  	 Date: 3/4/2021

Instrument: 20211080

					
	Mendocino	  	 Date: 7/7/2020

Instrument: 202007917
	  	 Date: 8/19/2020

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

Instrument: 2021-02892

					
	Merced	  	 Date: 7/7/2020

Instrument: 2020022266
	  	 Date: 8/19/2020

Instrument: 2020028493
	  	—	  	 Date: 2/24/2021

Instrument: 2021008602

					
	Modoc	  	 Date: 7/7/2020

Instrument: 20200001804
	  	 Date: 8/19/2020

Instrument: 20200002135
	  	—	  	 Date: 2/24/2021

Instrument: 20210000422

					
	Monterey	  	 Date: 7/7/2020

Instrument: 2020032685
	  	 Date: 8/19/2020

Instrument: 2020042185
	  	—	  	 Date: 2/24/2021

Instrument: 2021014097

					
	Napa	  	 Date: 7/7/2020

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

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

Instrument: 2021-0008728

					
	Nevada	  	 Date: 7/7/2020

Instrument: 20200015164
	  	 Date: 8/25/2020

Instrument: 20200020840
	  	—	  	 Date: 3/4/2021

Instrument: 20210007838

					
	Placer	  	 Date: 7/7/2020

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

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

Instrument: 2021-0026083-00

					
	Plumas	  	 Date: 7/9/2020

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

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

Instrument: 2021-0001758

					
	Sacramento	  	 Date: 7/7/2020

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

Instrument: 202008190892
	  	—	  	 Date: 2/24/2021

Instrument: 202102241076

					
	San Benito	  	 Date: 7/7/2020

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

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

Instrument: 2021-0003400

					
	San Bernardino	  	 Date: 7/7/2020

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

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

Instrument: 2021-0087782

					
	San Francisco	  	 Date: 7/7/2020

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

Instrument: 2020006126
	  	—	  	 Date: 2/24/2021

Instrument: 2021036477

					
	San Joaquin	  	 Date: 7/7/2020

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

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

Instrument: 2021-033997

  
 Sch 1-3 

									
	 	  	 A
	  	 B
	  	 C
	  	 D

	 County
	  	 Recording Date &
Instrument Number

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

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

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

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

					
	San Luis Obispo	  	 Date: 7/7/2020

Instrument: 2020033897
	  	 Date: 8/19/2020

Instrument: 2020043805
	  	 Date: 3/5/2021

Instrument: 2021017044
	  	 Date: 3/8/2021

Instrument: 2021017458

					
	San Mateo	  	 Date: 7/7/2020

Instrument: 2020064008
	  	 Date: 8/21/2020

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

Instrument: 2021-030961

					
	Santa Barbara	  	 Date: 7/13/2020

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

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

Instrument: 2021-0014736

					
	Santa Clara	  	 Date: 7/7/2020

Instrument: 24528422
	  	 Date: 8/19/2020

Instrument: 24580344
	  	—	  	 Date: 2/24/2021

Instrument: 24845255

					
	Santa Cruz	  	 Date: 7/7/2020

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

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

Instrument: 2021-0011369

					
	Shasta	  	 Date: 7/7/2020

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

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

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

Instrument: 2021-0007584

					
	Sierra	  	 Date: 7/9/2020

Instrument: 2020171226
	  	 Date: 8/20/2020

Instrument: 2020171540
	  	—	  	 Date: 2/25/2021

Instrument: 2020172589

					
	Solano	  	 Date: 7/7/2020

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

Instrument: 202000069597
	  	—	  	 Date: 2/24/2021

Instrument: 202100021149

					
	Sonoma	  	 Date: 7/9/2020

Instrument: 2020055917
	  	 Date: 8/19/2020

Instrument: 2020070874
	  	—  	  	 Date: 2/24/2021

Instrument: 2021021837

					
	Stanislaus	  	 Date: 7/8/2020

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

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

Instrument: 2021-0017942-00

					
	Sutter	  	 Date: 7/8/2020

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

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

Instrument: 20210003735

					
	Tehama	  	 Date: 7/7/2020

Instrument: 2020007674
	  	 Date: 8/19/2020

Instrument: 2020009820
	  	—	  	 Date: 2/24/2021

Instrument: 2021002378

					
	Trinity	  	 Date: 7/8/2020

Instrument: 202002224
	  	 Date: 8/20/2020

Instrument: 202002748
	  	—	  	 Date: 2/25/2021

Instrument: 202100581

					
	Tulare	  	 Date: 7/7/2020

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

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

Instrument: 2021-0015218

					
	Tuolumne	  	 Date: 7/7/2020

Instrument: 2020007628
	  	 Date: 8/19/2020

Instrument: 2020009759
	  	—	  	 Date: 3/2/2021

Instrument: 2021003503

					
	Yolo	  	 Date: 7/8/2020

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

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

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

Instrument: 2021-0009289

					
	Yuba	  	 Date: 7/8/2020

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

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

Instrument: 2021-003119

  
 Sch 1-4 

									
	 	  	 E
	  	 F
	  	 G
	  	 H

	 County
	  	 Recording Date &
Instrument Number

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

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

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

(Memorandum of Supplemental
First Mortgage Indentures,
dated as of
January 7, 2022)

					
	Alameda	  	 Date: 06/15/2021

Instrument: 2021215933
	  	—	  	 Date: 09/14/2021

Instrument: 2021309420
	  	 Date: 01/26/2022

Instrument: 2022017249

					
	Alpine	  	 Date: 06/16/2021

Instrument: 2021000559
	  	—	  	 Date: 09/14/2021

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

Instrument: 2022000031

					
	Amador	  	 Date: 06/15/2021

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

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

Instrument: 2022-0000724

					
	Butte	  	 Date: 06/17/2021

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

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

Instrument: 2022-0002347

					
	Calaveras	  	 Date: 06/15/2021

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

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

Instrument: 2022-001421

					
	Colusa	  	 Date: 06/17/2021

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

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

Instrument: 2022-0000404

					
	Contra Costa	  	 Date: 06/15/2021

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

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

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

Instrument: 2022-0013443

					
	El Dorado	  	 Date: 06/15/2021

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

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

Instrument: 2022-0003838

					
	Fresno	  	 Date: 06/15/2021

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

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

Instrument: 2022-0009356

					
	Glenn	  	 Date: 06/23/2021

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

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

Instrument: 2022-0307

					
	Humboldt	  	 Date: 06/24/2021

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

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

Instrument: 2022-001615

					
	Kern	  	 Date: 06/15/2021

Instrument: 221112026
	  	—	  	 Date: 09/14/2021

Instrument: 221174492
	  	 Date: 01/21/2022

Instrument: 222010906

					
	Kings	  	 Date: 06/15/2021

Instrument: 2113322
	  	—	  	 Date: 09/17/2021

Instrument: 2120473
	  	 Date: 02/01/2022

Instrument: 2202147

					
	Lake	  	 Date: 06/16/2021

Instrument: 2021010225
	  	—	  	 Date: 09/13/2021

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

Instrument: 2022001154

  
 Sch 1-5 

									
	 	  	 E
	  	 F
	  	 G
	  	 H

	 County
	  	 Recording Date &
Instrument Number

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

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

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

(Memorandum of Supplemental
First Mortgage Indentures,
dated as of
January 7, 2022)

					
	Lassen	  	 Date: 06/18/2021

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

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

Instrument: 2022-00332

					
	Madera	  	 Date: 06/15/2021

Instrument: 2021019093
	  	—	  	 Date: 09/10/2021

Instrument: 2021028583
	  	 Date: 01/21/2022

Instrument: 2022001843

					
	Marin	  	 Date: 06/15/2021

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

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

Instrument: 2022-0002727

					
	Mariposa	  	 Date: 06/15/2021

Instrument: 20212780
	  	—	  	 Date: 09/23/2021

Instrument: 20214302
	  	 Date: 02/01/2022

Instrument: 20220454

					
	Mendocino	  	 Date: 06/16/2021

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

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

Instrument: 2022-01242

					
	Merced	  	 Date: 06/15/2021

Instrument: 2021026546
	  	—	  	 Date: 09/13/2021

Instrument: 2021040766
	  	 Date: 01/21/2022

Instrument: 2022003686

					
	Modoc	  	 Date: 06/15/2021

Instrument: 20210001695
	  	—	  	 Date: 09/10/2021

Instrument: 20210002777
	  	 Date: 01/21/2022

Instrument: 20220000144

					
	Monterey	  	 Date: 06/17/2021

Instrument: 2021042424
	  	—	  	 Date: 09/13/2021

Instrument: 2021061137
	  	 Date: 01/24/2022

Instrument: 2022003479

					
	Napa	  	 Date: 06/15/2021

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

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

Instrument: 2022-0001607

					
	Nevada	  	 Date: 06/15/2021

Instrument: 20210020480
	  	—	  	 Date: 09/13/2021

Instrument: 20210030075
	  	 Date: 01/27/22

Instrument: 20220002043

					
	Placer	  	 Date: 06/15/2021

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

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

Instrument: 2022-0007227-00

					
	Plumas	  	 Date: 06/18/2021

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

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

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

Instrument: 2022-0000507

					
	Sacramento	  	 Date: 06/18/2021

Instrument: 202106180534
	  	—	  	 Date: 09/13/2021

Instrument: 202109130797
	  	 Date: 01/21/2022

Instrument: 202201211306

					
	San Benito	  	 Date: 06/23/2021

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

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

Instrument: 2022-0000812

					
	San Bernardino	  	 Date: 06/15/2021

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

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

Instrument: 2022-0026583

  
 Sch 1-6 

									
	 	  	 E
	  	 F
	  	 G
	  	 H

	 County
	  	 Recording Date &
Instrument Number

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

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

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

(Memorandum of Supplemental
First Mortgage Indentures,
dated as of
January 7, 2022)

					
	San Francisco	  	 Date: 06/16/2021

Instrument: 2021096597
	  	—	  	 Date: 09/20/2021

Instrument: 2021147122
	  	 Date: 01/28/2022

Instrument: 2022010094

					
	San Joaquin	  	 Date: 06/15/2021

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

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

Instrument: 2022-009240

					
	San Luis Obispo	  	 Date: 06/15/2021

Instrument: 2021042772
	  	—	  	 Date: 09/10/2021

Instrument: 2021062407
	  	 Date: 01/24/2022

Instrument: 2022003310

					
	San Mateo	  	 Date: 06/15/2021

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

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

Instrument: 2022-006389

					
	Santa Barbara	  	 Date: 06/16/2021

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

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

Instrument: 2022-0004075

					
	Santa Clara	  	 Date: 06/15/2021

Instrument: 24996810
	  	 Date: 09/21/2021

Instrument: 25107264
	  	 Date: 09/22/2021

Instrument: 25109534
	  	 Date: 01/24/2022

Instrument: 25224313

					
	Santa Cruz	  	 Date: 06/15/2021

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

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

Instrument: 2022-0002159

					
	Shasta	  	 Date: 06/15/2021

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

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

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

Instrument: 2022-0002199

					
	Sierra	  	 Date: 06/17/2021

Instrument: 2021173017
	  	—	  	 Date: 09/14/2021

Instrument: 2021173609
	  	 Date: 01/26/2022

Instrument: 2022174179

					
	Solano	  	 Date: 06/15/2021

Instrument: 202100064487
	  	—	  	 Date: 09/10/2021

Instrument: 202100095898
	  	 Date: 01/24/2022

Instrument: 202200005916

					
	Sonoma	  	 Date: 06/15/2021

Instrument: 2021070076
	  	—	  	 Date: 09/13/2021

Instrument: 2021102595
	  	 Date: 01/24/2022

Instrument: 2022004991

					
	Stanislaus	  	 Date: 06/16/2021

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

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

Instrument: 2022-0007967

					
	Sutter	  	 Date: 06/17/2021

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

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

Instrument: 2022-0001163

					
	Tehama	  	 Date: 06/15/2021

Instrument: 2021008603
	  	—	  	 Date: 09/10/2021

Instrument: 2021012840
	  	 Date: 01/21/2022

Instrument: 2022000860

					
	Trinity	  	 Date: 06/17/2021

Instrument: 202101938
	  	—	  	 Date: 09/13/2021

Instrument: 202105327
	  	 Date: 01/24/2022

Instrument: 202200200

  
 Sch 1-7 

									
	 	  	 E
	  	 F
	  	 G
	  	 H

	 County
	  	 Recording Date &
Instrument Number

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

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

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

(Memorandum of Supplemental
First Mortgage Indentures,
dated as of
January 7, 2022)

					
	Tulare	  	 Date: 06/15/2021

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

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

Instrument: 2022-0005026

					
	Tuolumne	  	 Date: 06/17/2021

Instrument: 2021009478
	  	—	  	 Date: 09/10/2021

Instrument: 2021014302
	  	 Date: 01/24/2022

Instrument: 2022000979

					
	Yolo	  	 Date: 06/16/2021

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

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

Instrument: 2022-0001936

					
	Yuba	  	 Date: 06/15/2021

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

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

Instrument: 2022-001131

  
 Sch 1-8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}]]