Document:

Exhibit 10.24

 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 

This Amended
and Restated Employment Agreement (the “Agreement”) is entered into effective as of, and contingent
upon, the closing of the Company’s initial public offering (the “Effective Date”), by and between
Michael J. Morin, Ph.D. (“Executive”) and Immunome, Inc. (the “Company”).

 

Executive is employed
by the Company as its Executive Vice President and Chief Scientific Officer pursuant to an employment offer with the Company dated
August 5, 2020 (the “Prior Agreement”), which amended, restated, and superseded the prior employment
offer letter from the Company.

 

The Company desires
to continue to employ Executive and, in connection therewith, to compensate Executive for Executive’s personal services to
the Company; and

 

Executive wishes to
continue to be employed by the Company and provide personal services to the Company in return for certain compensation.

 

Accordingly, in consideration
of the mutual promises and covenants contained herein, the parties agree to the following:

 

1.
                    Employment by the Company.

 

1.1             
At-Will Employment. Executive shall continue to be employed by the Company on an “at-will” basis,
meaning either the Company or Executive may terminate Executive’s employment at any time, with or without Cause (as defined
in Section 6.2(e) below), Good Reason (as defined in Section 6.2(d) below), or advance notice. Any contrary representations that
may have been made to Executive shall be superseded by this Agreement. This Agreement shall constitute the full and complete agreement
between Executive and the Company on the “at-will” nature of Executive’s employment with the Company, which may
be changed only in an express written agreement signed by Executive and a duly authorized officer of the Company. Executive’s
rights to any compensation following a termination shall be only as set forth in Section 6 or under any applicable benefit or equity
plan.

 

1.2             
Position. Subject to the terms set forth herein, the Company agrees to continue to employ Executive and Executive
hereby accepts such continued employment. In addition, Executive shall continue to serve as Executive Vice President and Chief
Scientific Officer. Executive will work the equivalent of 80% of a full-time schedule, which typically will equate to four (4)
days per week devoted to Executive’s work for the Company (the “Part-Time Schedule”). During the
schedule established by the Company and the Executive in accordance with Executive’s Part-Time Schedule, and excluding periods
of vacation and sick leave to which Executive is entitled, Executive shall devote all business time and attention to the affairs
of the Company necessary to discharge the responsibilities assigned hereunder, and shall use commercially reasonable efforts to
perform faithfully and efficiently such responsibilities.

 

1.3              Duties.
Executive will report to the President and Chief Executive Officer and will render such business and professional services in
the performance of Executive’s duties, consistent with Executive’s position as Executive Vice President and Chief
Scientific Officer, as shall reasonably be assigned to him, subject to the oversight and direction of the President and Chief
Executive Officer.

 

     

     

    

 

1.4             
Location. Executive shall perform Executive’s duties under this Agreement principally out of the Company’s
corporate headquarters in Exton, Pennsylvania, or such other location as assigned. However, Executive will be permitted to work
from his home office from time to time as mutually agreed by Executive and the Company, up to a maximum of 50% of his time for
the Company in any calendar month; provided, that the Company and Executive will agree upon a reduced in-person requirement to
be in effect from time-to-time during the current pandemic and until otherwise determined by the Company. In addition, Executive
shall make such business trips to such places as may be reasonably necessary or advisable for the efficient operations of the Company.

 

1.5             
Company Policies and Benefits. The employment relationship between the parties shall continue to be subject to
the Company’s written personnel policies and procedures as they may be adopted, revised, or deleted from time to time in
the Company’s sole discretion. Executive shall be expected to continue to comply with all applicable laws, regulations, rules,
directives and other legal requirements of federal, state and other governmental and regulatory bodies having jurisdiction over
the Company and of the professional bodies of which the Company is a member. During Executive’s employment with the Company,
Executive continues to be required to maintain in good standing any licenses and certifications necessary for the performance of
Executive’s duties for the Company.  Executive will continue to be eligible to participate on the same basis as similarly-situated
employees in the Company’s benefit plans in effect from time to time during Executive’s employment. Subject to the
preceding sentence, the Company reserves the right to change, alter, or terminate any benefit plan in its sole discretion. All
matters of eligibility for coverage or benefits under any benefit plan shall be determined in accordance with the provisions of
such plan. Notwithstanding the foregoing, in the event that the terms of this Agreement differ from or are in conflict with the
Company’s general employment policies or practices, this Agreement shall control.

 

2.
                    Compensation.

 

2.1             
Salary. Commencing on the Effective Date, Executive shall receive an annualized base salary of $300,000, subject
to review and adjustment from time to time by the Company in its sole discretion, payable subject to standard federal and state
payroll withholding requirements in accordance with the Company’s standard payroll practices (the “Base Salary”).

 

2.2             
Bonus.

 

(a)               During
Employment. Executive shall be eligible to receive an annual performance bonus (the “Annual
Bonus”) with an annual target of up to 40% (the “Target Percentage”) of
Executive’s then-current Base Salary (the “Target Bonus”). Executive’s Target
Percentage will automatically increase to 40%, on a prospective basis effective as of the Effective Date. For purposes of
illustration, if the Effective Date occurs eleven months after the start of the calendar year, then any awarded Annual Bonus
for such calendar year will be calculated using the target percentage under the Prior Agreement for the first eleven months
of the calendar year and the 40% Target Percentage for the remaining one month of the calendar year, calculated using the
Base Salary applicable to each respective time period. The Annual Bonus will be based upon the assessment of the Board of
Directors of the Company (the “Board”) (or a committee thereof) of Executive’s performance
and the Company’s attainment of targeted goals (as set by the Company and confirmed by the Board) over the applicable
calendar year.  The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings.  No
amount of any Annual Bonus is guaranteed at any time, and Executive must be an employee in good standing through the date the
Annual Bonus is paid to be eligible to receive an Annual Bonus and no partial or prorated bonuses will be provided.
 Any Annual Bonus, if awarded, will be paid at the same time annual bonuses are generally paid to other
similarly-situated employees of the Company.  Executive’s eligibility for an Annual Bonus is subject to change in
the discretion of the Board (or any authorized committee thereof).

 

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(b)             
Upon Termination. In the event Executive leaves the employ of the Company for any reason prior to the date the
Annual Bonus is paid, Executive is not eligible to earn such Annual Bonus, prorated or otherwise.

 

2.3             
Company Equity Awards. Executive remains eligible to be considered for future equity awards as may be determined
by the Board or a committee of the Board in its discretion in accordance with the terms of any applicable equity plan or arrangement
that may be in effect from time to time.

 

2.4             
Expense Reimbursement.

 

(a)              
Generally. The Company will reimburse Executive for reasonable business expenses in accordance with the Company’s
standard expense reimbursement policy.

 

(b)             
Travel and Lodging Expenses. The Company will pay directly or reimburse Executive’s reasonable out-of-pocket
costs of commuting to Exton, Pennsylvania from Salisbury, Massachusetts (to the extent that such expenses are reasonably documented
and submitted to the Company for reimbursement promptly after they are incurred). Such expenses will include, without limitation,
reasonable, out of pocket costs for coach airfare, hotel/temporary accommodation (or accommodation in the Company’s corporate
apartment), and car rental/other transportation.

 

(c)              
With respect to any such reimbursements hereunder: (a) any such reimbursements will be paid no later than December 31
of the year following the year in which the expense was incurred, (b) the amount of expenses reimbursed in one year will not affect
the amount eligible for reimbursement in any subsequent year, (c) the right to reimbursement under this Agreement will not be subject
to liquidation or exchange for another benefit, and (d) the Company shall have the right to deduct from all payments hereunder
any taxes required by law to be withheld with respect to any such reimbursement payments.

 

3.                     Confidential
Information, Inventions, Non-Solicitation and Non-Competition Obligations. In connection with
Executive’s continued employment with the Company, Executive will continue to receive and continue to have access to
the Company’s confidential information and trade secrets. Accordingly, and in consideration of the benefits that
Executive is eligible to receive under this Agreement, Executive agrees to sign the Company’s Employee Confidential
Information and Inventions Assignment Agreement (the “Confidential Information Agreement”),
attached as Exhibit A, which contains certain confidentiality, non-disclosure, non-solicitation and
non-competition obligations, among other obligations. The Confidential Information Agreement contains provisions that are
intended by the parties to survive and do survive termination or expiration of this Agreement and will supersede,
prospectively only, the agreement that Executive previously signed relating to the same subject matter.

 

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4.                    
Outside Activities. Except with the prior written
consent of the Board, Executive will not, while employed by the Company, undertake or engage in any other employment, occupation,
or business enterprise except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational,
non-profit, and/or other charitable organization as Executive may wish to serve, (ii) reasonable time devoted to activities in
the non-profit and business communities consistent with Executive’s position with the Company, (iii) fulfilling speaking
engagements and teaching activities, and (iv) such other activities as may be specifically approved by the Board, to include those
listed on Exhibit B, in the cases of (i)-(iv), so long as such activities do not materially interfere or conflict
with the performance of Executive’s duties and responsibilities under this Agreement. This restriction shall not, however,
preclude Executive from (x) owning less than one percent (1%) of the total outstanding shares of a publicly-traded company,
(y) managing Executive’s passive personal investments, or (z) employment or service in any capacity with Affiliates of the
Company. As used in this Agreement, “Affiliates” means, at the time of determination, any “parent”
or “subsidiary” of the Company as such terms are defined in Rule 405 of the Securities Act of 1933, as amended. The
Board will have the authority to determine the time or times at which “parent” or “subsidiary” status is
determined within the foregoing definition.

 

5.                 
No Conflict with Existing Obligations. Executive
represents that Executive’s performance of all the terms of this Agreement and continued service as an employee of the Company
do not and will not breach any agreement or obligation of any kind made prior to Executive’s employment by the Company, including
agreements or obligations Executive may have with prior employers or entities for which Executive has provided services. Executive
has not entered into, and Executive agrees that Executive will not enter into, any agreement or obligation, either written or oral,
in conflict herewith or with Executive’s duties to the Company.

 

6.                 
Termination Of Employment. The parties acknowledge
that Executive’s employment relationship with the Company continues to be at-will. Either Executive or the Company may terminate
the employment relationship at any time, with or without Cause (as defined below) or advance notice. The provisions in this Section
govern the amount of compensation, if any, to be provided to Executive upon termination of employment and do not alter this at-will
status.

 

6.1             
Termination by Virtue of Death or Disability of Executive.

 

(a)              
In the event of Executive’s death while employed pursuant to this Agreement, all obligations of the parties hereunder
and Executive’s employment shall terminate immediately, and the Company shall, pursuant to the Company’s standard payroll
policies and applicable law, pay to Executive’s legal representatives the Accrued Obligations (as defined in Section 6.2(c)
below) due to Executive.

 

(b)              Subject
to applicable state and federal law, the Company shall at all times have the right, upon written notice to Executive, to
terminate this Agreement based on Executive’s Disability (as defined below). Termination by the Company of
Executive’s employment based on “Disability” shall mean termination because Executive is
unable due to a physical or mental condition to perform the essential functions of Executive’s position with or without
reasonable accommodation for six (6) months in the aggregate during any twelve (12) month period or based on the written
certification by two licensed physicians of the likely continuation of such condition for such period. This definition shall
be interpreted and applied consistent with the Americans with Disabilities Act, the Family and Medical Leave Act, and other
applicable law. In the event Executive’s employment is terminated based on Executive’s Disability, Executive will
be entitled to the Accrued Obligations due to Executive.

 

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(c)              
In the event Executive’s employment is terminated based on Executive’s death or Disability, Executive will
not receive the CIC Acceleration (as defined below), or any other severance compensation or benefit, except that the Company will
provide the Accrued Obligations (as stated in Sections 6.1(a) and 6.1(b)).

 

6.2             
Termination by the Company or Resignation by Executive.

 

(a)              
The Company shall have the right to terminate Executive’s employment pursuant to this Section 6.2 at any time
(subject to any applicable cure period stated in Section 6.2(e)) with or without Cause or advance notice, by giving notice as described
in Section 7.1 of this Agreement. Likewise, Executive can resign from employment with or without Good Reason, by giving notice
as described in Section 7.1 of this Agreement. Executive hereby agrees to comply with the additional notice requirements set forth
in Section 6.2(d) below for any resignation for Good Reason. If Executive is terminated by the Company (with or without Cause)
or resigns from employment with the Company (with or without Good Reason), then Executive shall be entitled to the Accrued Obligations
(as defined below). In addition, if Executive is terminated without Cause or resigns for Good Reason, in either case, within three
(3) months prior to or within twelve (12) months following the effective date of a Change in Control (as defined in the Company’s
2020 Equity Incentive Plan, as may be amended from time to time) (such period, the “Change in Control Measurement Period”),
and provided that such termination constitutes a “separation from service” (as defined under Treasury Regulation Section
1.409A-1(h), without regard to any alternative definition thereunder, a “Separation from Service”), and
further provided that Executive executes and allows to become effective a separation agreement that includes, among other terms,
a general release of claims in favor of the Company and its Affiliates and representatives, in the form presented by the Company
(the “Separation Agreement”), which will include a non-competition clause, and subject to Section 6.2(b),
then, effective as of Executive’s termination date or, if later, the date of such Change in Control, the vesting and exercisability
of all outstanding equity awards held by Executive immediately prior to the termination date (if any) shall be accelerated in full
(the “CIC Acceleration”).

 

(b)             
Executive shall not receive the CIC Acceleration pursuant to Section 6.2(a) unless Executive executes the Separation
Agreement within the consideration period specified therein, which shall in no event be more than forty-five (45) days, and until
the Separation Agreement becomes effective and can no longer be revoked by Executive under its terms. Executive’s ability
to receive the CIC Acceleration pursuant to Section 6.2(a) is further conditioned upon Executive: (i) returning all Company
property; (ii) complying with Executive’s post-termination obligations under this Agreement and the Confidential Information
Agreement; (iii) complying with the Separation Agreement, including without limitation any non-disparagement and confidentiality
provisions contained therein; and (iv) resignation from any other positions Executive holds with the Company, effective no later
than Executive’s date of termination (or such other date as requested by the Board).

 

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(c)              
 For purposes of this Agreement, “Accrued Obligations” are (i) Executive’s accrued
but unpaid salary through the date of termination, (ii) any unreimbursed business expenses incurred by Executive payable in accordance
with the Company’s standard expense reimbursement policies, and (iii) benefits owed to Executive under any qualified retirement
plan or health and welfare benefit plan in which Executive was a participant in accordance with applicable law and the provisions
of such plan.

 

(d)             
For purposes of this Agreement, “Good Reason” means any of the following actions taken by
the Company without Executive’s express prior written consent: (i) a material reduction by the Company of Executive’s
Base Salary (other than in a broad based reduction similarly affecting all other members of the Company’s executive management);
(ii) the relocation of Executive’s principal place of employment from the Company’s Exton, Pennsylvania office,
without Executive’s consent, to a place that increases Executive’s one-way commute by more than thirty-five (35) miles
as compared to Executive’s then-current principal place of employment immediately prior to such relocation; or (iv) a
material reduction in Executive’s duties, authority, or responsibilities for the Company relative to Executive’s duties,
authority, or responsibilities in effect immediately prior to such reduction, provided, however, that neither the conversion of
the Company to a subsidiary, division or unit of an acquiring entity in connection with a change in control, nor a change in title
or Executive’s reporting relationships will be deemed a “material reduction” in and of itself; provided, however,
that, any such termination by Executive shall only be deemed for Good Reason pursuant to this definition if: (1) Executive gives
the Company written notice of his intent to terminate for Good Reason within thirty (30) days following the first occurrence of
the condition(s) that he believes constitute(s) Good Reason, which notice shall describe such condition(s); (2) the Company fails
to remedy such condition(s) within thirty (30) days following receipt of the written notice (the “Cure Period”);
(3) the Company has not, prior to receiving such notice from Executive, already informed Executive that his employment with the
Company is being terminated; and (4) Executive voluntarily terminates his employment within thirty (30) days following the
end of the Cure Period.

 

(e)              
For purposes of this Agreement, “Cause” for termination shall mean that Executive has engaged
in any of the following: (i) a material breach of any covenant or condition under this Agreement or any other material agreement
between the parties; (ii) any act constituting dishonesty, fraud, immoral or disreputable conduct; (iii) any conduct which
constitutes a felony under applicable law; (iv) material violation of any Company policy; (v) refusal to follow or implement
a clear, lawful and reasonable directive of Company; (vi) gross negligence or incompetence in the performance of Executive’s
duties after the expiration of ten (10) days without cure after written notice of such failure; or (vii) breach of fiduciary duty
to the Company.

 

(f)               
The CIC Acceleration provided to Executive pursuant to this Section 6.2 is in lieu of, and not in addition to,
any benefits to which Executive may otherwise be entitled under any Company severance plan, policy, or program.

 

(g)              
Any damages caused by the termination of Executive’s employment without Cause in connection with a Change in Control
would be difficult to ascertain; therefore, the CIC Acceleration for which Executive is eligible pursuant to Section 6.2(a) above
in exchange for the Separation Agreement is agreed to by the parties as liquidated damages, to serve as full compensation, and
not a penalty.

 

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(h)             
 If the Company terminates Executive’s employment without Cause or Executive resigns for Good Reason outside of
the CIC Measurement Period, the Company terminates Executive for Cause at any time, or Executive resigns from employment without
Good Reason at any time, then Executive shall be entitled to the Accrued Obligations, but Executive will not receive the CIC Acceleration,
or any other severance compensation or benefit.

 

6.3             
Cooperation With the Company After Termination of Employment. Following termination of Executive’s employment
for any reason, Executive shall reasonably cooperate with the Company in all matters relating to the winding up of Executive’s
pending work including, but not limited to, any litigation in which the Company is involved, and the orderly transfer of any such
pending work to such other executives as may be designated by the Company.

 

6.4             
Effect of Termination. Executive agrees that should Executive’s employment be terminated for any reason,
Executive shall be deemed to have resigned from any and all positions with the Company, including, but not limited to, a position
on the Board and all positions with any and all subsidiaries and Affiliates of the Company.

 

6.5             
Application of Section 409A.

 

(a)              
It is intended that all of the compensation payable under this Agreement, to the greatest extent possible, either complies
with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and
the regulations and other guidance thereunder and any state law of similar effect (collectively, “Section 409A”)
or satisfies one or more of the exemptions from the application of Section 409A, and this Agreement will be construed in a manner
consistent with such intention, incorporating by reference all required definitions and payment terms.

 

(b)             
No severance payments will be made under this Agreement unless Executive’s termination of employment constitutes
a Separation from Service. For purposes of Section 409A (including, without limitation, for purposes of Treasury Regulations Section
1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement (whether severance payments
or otherwise) shall be treated as a right to receive a series of separate payments and, accordingly, each installment payment hereunder
shall at all times be considered a separate and distinct payment.

 

(c)               To
the extent that any severance payments are deferred compensation under Section 409A, and are not otherwise exempt from the
application of Section 409A, then, to the extent required to comply with Section 409A, if the period during which Executive
may consider and sign the Separation Agreement spans two calendar years, the severance payments will not begin until the
second calendar year. If the Company determines that the severance benefits provided under this Agreement constitutes
“deferred compensation” under Section 409A and if Executive is a “specified employee” of the Company,
as such term is defined in Section 409A(a)(2)(B)(i) of the Code at the time of Executive’s Separation from Service,
then, solely to the extent necessary to avoid the incurrence of the adverse personal tax consequences under Section 409A, the
timing of the severance will be delayed as follows: on the earlier to occur of (a) the date that is six months and one day
after Executive’s Separation from Service, and (b) the date of Executive’s death, the Company will: (i) pay
to Executive a lump sum amount equal to the sum of the severance benefits that Executive would otherwise have received if the
commencement of the payment of the severance benefits had not been delayed pursuant to this Section 6.6(c); and (ii) commence
paying the balance of the severance benefits in accordance with the applicable payment schedule set forth in Sections 6.2 and
6.3. No interest shall be due on any amounts deferred pursuant to this Section 6.6(c).

 

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(d)             
To the extent required to avoid accelerated taxation and/or tax penalties under Section 409A, amounts reimbursable to
Executive under this Agreement shall be paid to Executive on or before the last day of the year following the year in which the
expense was incurred and the amount of expenses eligible for reimbursement (and in-kind benefits provided to Executive) during
any one year may not effect amounts reimbursable or provided in any subsequent year. The Company makes no representation that compensation
paid pursuant to the terms of this Agreement will be exempt from or comply with Section 409A and makes no undertaking to preclude
Section 409A from applying to any such payment.

 

6.6             
Excise Tax Adjustment.

 

(a)              
If any payment or benefit Executive will or may receive from the Company or otherwise (a “280G Payment”)
would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code, and (ii) but for
this Section, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then
any such 280G Payment provided pursuant to this Agreement (a “Payment”) shall be equal to the Reduced
Amount. The “Reduced Amount” shall be either (x) the largest portion of the Payment that would result
in no portion of the Payment (after reduction) being subject to the Excise Tax, or (y) the largest portion, up to and including
the total, of the Payment, whichever amount (i.e., the amount determined by clause (x) or by clause (y)), after taking into account
all applicable federal, state, and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable
marginal rate), results in Executive’s receipt, on an after-tax basis, of the greater economic benefit notwithstanding that
all or some portion of the Payment may be subject to the Excise Tax. If a reduction in a Payment is required pursuant to the preceding
sentence and the Reduced Amount is determined pursuant to clause (x) of the preceding sentence, the reduction shall occur in the
manner (the “Reduction Method”) that results in the greatest economic benefit for Executive. If more
than one method of reduction will result in the same economic benefit, the items so reduced will be reduced pro rata (the “Pro
Rata Reduction Method”).

 

(b)             
Notwithstanding any provision of this Section 6.7 to the contrary, if the Reduction Method or the Pro Rata Reduction
Method would result in any portion of the Payment being subject to taxes pursuant to Section 409A that would not otherwise be subject
to taxes pursuant to Section 409A, then the Reduction Method and/or the Pro Rata Reduction Method, as the case may be, shall be
modified so as to avoid the imposition of taxes pursuant to Section 409A as follows: (A) as a first priority, the modification
shall preserve to the greatest extent possible, the greatest economic benefit for Executive as determined on an after-tax basis;
(B) as a second priority, Payments that are contingent on future events (e.g., being terminated without Cause), shall
be reduced (or eliminated) before Payments that are not contingent on future events; and (C) as a third priority, Payments
that are “deferred compensation” within the meaning of Section 409A shall be reduced (or eliminated) before Payments
that are not deferred compensation within the meaning of Section 409A.

 

(c)               Unless
Executive and the Company agree on an alternative accounting firm or law firm, the accounting firm engaged by the Company for
general tax compliance purposes as of the day prior to the effective date of the Change in Control transaction shall perform
the foregoing calculations. If the accounting firm so engaged by the Company is serving as accountant or auditor for the
individual, entity, or group effecting the Change in Control transaction, the Company shall appoint a nationally-recognized
accounting or law firm to make the determinations required by this Section 6.7. The Company shall bear all expenses with
respect to the determinations by such accounting or law firm required to be made hereunder. The Company shall use
commercially reasonable efforts to cause the accounting or law firm engaged to make the determinations hereunder to provide
its calculations, together with detailed supporting documentation, to Executive and the Company within fifteen (15) calendar
days after the date on which Executive’s right to a 280G Payment becomes reasonably likely to occur (if requested at
that time by Executive or the Company) or such other time as requested by Executive or the Company.

 

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(d)             
If Executive receives a Payment for which the Reduced Amount was determined pursuant to clause (x) of Section 6.7(a)
and the Internal Revenue Service determines thereafter that some portion of the Payment is subject to the Excise Tax, Executive
agrees to promptly return to the Company a sufficient amount of the Payment (after reduction pursuant to clause (x) of Section
6.7(a)) so that no portion of the remaining Payment is subject to the Excise Tax. For the avoidance of doubt, if the Reduced Amount
was determined pursuant to clause (y) of Section 6.7(a), Executive shall have no obligation to return any portion of the Payment
pursuant to the preceding sentence.

 

7.                    
General Provisions.

 

7.1             
Notices. Any notices required hereunder shall be in writing and shall be deemed effectively given: (a) upon personal
delivery to the party to be notified, (b) when sent by electronic mail or confirmed facsimile if sent during normal business hours
of the recipient, and if not, then on the next business day, (c) five (5) days after having been sent by registered or certified
mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally-recognized overnight courier,
specifying next-day delivery, with written verification of receipt. All communications shall be sent to the Company at its primary
office location and to Executive at Executive’s address as listed on the Company payroll or (if notice is given prior to
Executive’s termination of employment) to Executive’s Company-issued email address, or at such other address as the
Company or Executive may designate by ten (10) days’ advance written notice to the other.

 

7.2             
Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal, or unenforceable
in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality, or unenforceability will not
affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed, and enforced in such jurisdiction
as if such invalid, illegal, or unenforceable provisions had never been contained herein.

 

7.3             
Waiver. If either party should waive any breach of any provisions of this Agreement, Executive or the Company
shall not thereby be deemed to have waived any preceding or succeeding breach of the same or any other provision of this Agreement.

 

7.4              Complete
Agreement. This Agreement (including Exhibits A and B), and any other separate agreement relating to equity awards
constitute the entire agreement between Executive and the Company with regard to the subject matter hereof and supersede any
prior oral discussions or written communications and agreements, including the Prior Agreement. This Agreement is entered
into without reliance on any promise or representation other than those expressly contained herein, and it cannot be modified
or amended except in writing signed by Executive and an authorized officer of the Company.

 

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7.5             
Counterparts. This Agreement may be executed by electronic transmission and in separate counterparts, any one
of which need not contain signatures of more than one party, but all of which taken together will constitute one and the same Agreement.

 

7.6             
Headings. The headings of the sections hereof are inserted for convenience only and shall not be deemed to constitute
a part hereof nor to affect the meaning thereof.

 

7.7             
Successors and Assigns. The Company shall assign this Agreement and its rights and obligations hereunder in whole,
but not in part, to any company or other entity with or into which the Company may hereafter merge or consolidate or to which the
Company may transfer all or substantially all of its assets, if in any such case said company or other entity shall by operation
of law or expressly in writing assume all obligations of the Company hereunder as fully as if it had been originally made a party
hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. Executive may not assign or transfer
this Agreement or any rights or obligations hereunder, other than to Executive’s estate upon Executive’s death.

 

7.8             
Choice of Law. All questions concerning the construction, validity, and interpretation of this Agreement will
be governed by the laws of the Commonwealth of Pennsylvania.

 

7.9              Resolution
of Disputes. To ensure the timely and economical resolution of disputes that may arise in connection with
Executive’s employment with the Company, Executive and the Company agree that any and all disputes, claims, or causes
of action arising from or relating to the enforcement, breach, performance, negotiation, execution, or interpretation of this
Agreement, or Executive’s employment, or the termination of Executive’s employment, including but not limited to
all statutory claims, will be resolved pursuant to the Federal Arbitration Act, 9 U.S.C. §1-16, and to the fullest
extent permitted by law, by final, binding and confidential arbitration by a single arbitrator conducted in Philadelphia,
Pennsylvania by Judicial Arbitration and Mediation Services Inc. (“JAMS”) under the then applicable JAMS rules
(at the following web address: https://www.jamsadr.com/rules-employment-arbitration/). A hard copy of the rules will be
provided to Executive upon request. By agreeing to this arbitration procedure, both Executive and the Company waive the
right to resolve any such dispute through a trial by jury or judge or administrative proceeding. In addition, all claims,
disputes, or causes of action under this provision, whether by Executive or the Company, must be brought in an individual
capacity, and shall not be brought as a plaintiff (or claimant) or class member in any purported class or representative
proceeding, nor joined or consolidated with the claims of any other person or entity. The arbitrator may not consolidate the
claims of more than one person or entity, and may not preside over any form of representative or class proceeding. To the
extent that the preceding sentences regarding class claims or proceedings are found to violate applicable law or are
otherwise found unenforceable, any claim(s) alleged or brought on behalf of a class shall proceed in a court of law rather
than by arbitration. The Company acknowledges that Executive will have the right to be represented by legal counsel at any
arbitration proceeding. Questions of whether a claim is subject to arbitration under this Agreement shall be decided by the
arbitrator. Likewise, procedural questions which grow out of the dispute and bear on the final disposition are also matters
for the arbitrator. The arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of the
dispute and to award such relief as would otherwise be permitted by law; (b) issue a written arbitration decision, to include
the arbitrator’s essential findings and conclusions and a statement of the award; (c) be authorized to award any
or all remedies that Executive or the Company would be entitled to seek in a court of law; and (d) is authorized to award
attorneys’ fees to the prevailing party. Subject to the foregoing sentence, Executive and the Company shall equally
share all JAMS’ arbitration fees and each party is responsible for its own attorneys’ fees. Nothing in this
Agreement is intended to prevent either Executive or the Company from obtaining injunctive relief in court to prevent
irreparable harm pending the conclusion of any such arbitration. Any awards or orders in such arbitrations may be entered and
enforced as judgments in the federal and state courts of any competent jurisdiction. To the extent applicable law prohibits
mandatory arbitration of sexual harassment claims, in the event Executive intends to bring multiple claims, including a
sexual harassment claim, the sexual harassment claim may be publicly filed with a court, while any other claims will remain
subject to mandatory arbitration.

 

[Remainder of page intentionally left
blank.]

 

    10

     

    

 

In
Witness Whereof, the parties have executed this Amended and Restated Employment Agreement on the day and year first
written above.

 

	 	Immunome,
    Inc.
	 	 
	 	 
	 	By:	 /s/ Purnanand Sarma
	 	 	Name: Purnanand Sarma
	 	 	Title: President and Chief Executive Officer
	 	 
	 	 
	 	EXECUTIVE:
	 	 
	 	 
	 	/s/ Michael J. Morin
	 	Michael J. Morin, Ph.D.

 

    11

     

    

 

Exhibit A

 

Employee
Confidential Information and Inventions Assignment Agreement

 

    A-1

     

    

 

Exhibit B

 

Business
and Professional Activities

 

		·	Teaching engagement at University of Massachusetts, Lowell

 

    B-1EX-4.2

 Exhibit 4.2 

CENTERPOINT ENERGY RESOURCES CORP. 

(formerly known as NorAm Energy Corp.) 

To 
 THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A. 
 (successor to JPMorgan Chase Bank, National Association (formerly Chase Bank of Texas, National Association)) 

Trustee 
  

 
 SUPPLEMENTAL
INDENTURE NO. 18 
 Dated as of October 1, 2020 
  

 
 $500,000,000
1.75% Senior Notes due 2030 

 CENTERPOINT ENERGY RESOURCES CORP. 

SUPPLEMENTAL INDENTURE NO. 18 

1.75% Senior Notes due 2030 

SUPPLEMENTAL INDENTURE No. 18, dated as of October 1, 2020, between CENTERPOINT ENERGY RESOURCES CORP., a Delaware
corporation formerly known as NorAm Energy Corp. (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. (successor to JPMorgan Chase Bank, National Association (formerly Chase Bank of Texas, National Association)), as
Trustee (the “Trustee”). 
 RECITALS 

The Company has heretofore executed and delivered to the Trustee an Indenture, dated as of February 1, 1998 (the
“Original Indenture” and, as previously and hereby supplemented and amended, the “Indenture”), providing for the issuance from time to time of one or more series of the Company’s Securities. 

The Company has changed its name from “NorAm Energy Corp.” to “CenterPoint Energy Resources Corp.” and all
references in the Indenture to the “Company” or “NorAm Energy Corp.” shall be deemed to refer to CenterPoint Energy Resources Corp. 

Pursuant to the terms of the Indenture, the Company desires to provide for the establishment of a new series of Securities to
be designated as the “1.75% Senior Notes due 2030” (the “Notes”), the form and substance of such Notes and the terms, provisions and conditions thereof to be set forth as provided in the Original Indenture and this
Supplemental Indenture No. 18. 
 Section 301 of the Original Indenture provides that various matters with respect
to any series of Securities issued under the Indenture may be established in an indenture supplemental to the Indenture. 

Subparagraph (7) of Section 901 of the Original Indenture provides that the Company and the Trustee may enter into
an indenture supplemental to the Indenture to establish the form or terms of Securities of any series as permitted by Sections 201 and 301 of the Original Indenture. 

  
 1 

 For and in consideration of the premises and the issuance of the series of
Securities provided for herein, it is mutually covenanted and agreed, for the equal and proportionate benefit of the Holders of the Securities of such series, as follows: 

ARTICLE ONE 
 Relation to
Indenture; Additional Definitions 
 Section 101 Relation to Indenture. This Supplemental Indenture
No. 18 constitutes an integral part of the Original Indenture. 
 Section 102 Additional
Definitions. For all purposes of this Supplemental Indenture No. 18: 
 Capitalized
terms used herein shall have the meaning specified herein or in the Original Indenture, as the case may be; 

“Business Day” means, with respect to any Note, any day other than a Saturday, a Sunday or a
day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close. If any Interest Payment Date, Stated Maturity or Redemption Date of a Note falls on a day that is not a
Business Day, the required payment will be made on the next succeeding Business Day with the same force and effect as if made on the relevant date that the payment was due and no interest will accrue on such payment for the period from and after the
Interest Payment Date, Stated Maturity or Redemption Date, as the case may be, to the date of that payment on the next succeeding Business Day. The definition of “Business Day” in this Supplemental Indenture No. 18 and the
provisions described in the preceding sentence shall supersede the definition of Business Day in the Original Indenture and Section 113 of the Original Indenture; 

“Comparable Treasury Issue” has the meaning set forth in Section 402 hereof; 

“Comparable Treasury Price” has the meaning set forth in Section 402 hereof; 

“Consolidated Net Tangible Assets” means the total amount of assets of the Company, including
the assets of its Subsidiaries, less, without duplication: (a) total current liabilities (excluding indebtedness due within 12 months); (b) all reserves for depreciation and other asset valuation reserves, but excluding reserves for
deferred federal income taxes; (c) all intangible assets such as goodwill, trademarks, trade names, patents and unamortized debt discount and expense carried as an asset; and (d) all appropriate adjustments on account of minority interests
of other Persons holding common stock of any Subsidiary, all as reflected in the Company’s most recent audited consolidated balance sheet preceding the date of such determination; 

“Corporate Trust Office” means the principal office of the Trustee at which at any particular
time its corporate trust business shall be administered, which office as of the date hereof is located at: 601 Travis Street, 16th Floor, Houston, Texas 77002, Attention: Global Corporate Trust; telephone: (713)
483-6817; telecopy: (713) 483-7038; 

  
 2 

 “Equity Interests” means any capital stock,
partnership, joint venture, member or limited liability or unlimited liability company interest, beneficial interest in a trust or similar entity or other equity interest or investment of whatever nature; 

“Finance Lease” means a lease that, in accordance with accounting principles generally
accepted in the United States of America, would be recorded as a finance lease on the balance sheet of the lessee, but excluding, for the avoidance of doubt, any operating leases or any other non-finance
leases; 
 The term “indebtedness” as applied to the Company or any Subsidiary, means bonds,
debentures, notes and other instruments or arrangements representing obligations created or assumed by the Company or any such Subsidiary, including any and all: (i) obligations for money borrowed (other than unamortized debt discount or
premium); (ii) obligations evidenced by a note or similar instrument given in connection with the acquisition of any business, properties or assets of any kind; (iii) obligations as lessee under a Finance Lease; and (iv) amendments,
renewals, extensions, modifications and refundings of any such indebtedness or obligation listed in clause (i), (ii) or (iii) above. All indebtedness secured by a lien upon property owned by the Company or any Subsidiary and upon which
indebtedness the Company or any such Subsidiary customarily pays interest, although the Company or any such Subsidiary has not assumed or become liable for the payment of such indebtedness, shall for all purposes hereof be deemed to be indebtedness
of the Company or any such Subsidiary. All indebtedness for borrowed money incurred by other Persons which is directly guaranteed as to payment of principal by the Company or any Subsidiary shall for all purposes hereof be deemed to be indebtedness
of the Company or any such Subsidiary, as applicable, but no other contingent obligation of the Company or any such Subsidiary in respect of indebtedness incurred by other Persons shall for any purpose be deemed to be indebtedness of the Company or
any such Subsidiary; 
 “Independent Investment Banker” has the meaning set forth in
Section 402 hereof; 
 “Interest Payment Date” has the meaning set forth in
Section 204(a) hereof; 
 “Issue Date” has the meaning set forth in Section 204(a)
hereof; 
 “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment,
deposit arrangement, charge, security interest, encumbrance or lien of any kind whatsoever (including any Finance Lease); 

“Maturity Date” has the meaning set forth in Section 203 hereof; 

“Non-Recourse Debt” means (i) any indebtedness
for borrowed money incurred by any Project Finance Subsidiary to finance the acquisition, improvement, installation, design, engineering, construction, development, completion, maintenance or operation of, or otherwise to pay costs and expenses
relating to or providing financing for, any project, which indebtedness for borrowed money does not provide for recourse against the 

  
 3 

 
Company or any Subsidiary of the Company (other than a Project Finance Subsidiary and such recourse as exists under a Performance Guaranty) or any property or asset of the Company or any
Subsidiary of the Company (other than Equity Interests in, or the property or assets of, a Project Finance Subsidiary and such recourse as exists under a Performance Guaranty) and (ii) any refinancing of such indebtedness for borrowed money
that does not increase the outstanding principal amount thereof (other than to pay costs incurred in connection therewith and the capitalization of any interest or fees) at the time of the refinancing or increase the property subject to any lien
securing such indebtedness for borrowed money or otherwise add additional security or support for such indebtedness for borrowed money; 

“Notes” has the meaning set forth in the third paragraph of the Recitals hereof; 

“Original Indenture” has the meaning set forth in the first paragraph of the Recitals hereof;

 “Par Call Date” has the meaning set forth in Section 401 hereof; 

“Performance Guaranty” means any guaranty issued in connection with any Non-Recourse Debt that (i) if secured, is secured only by assets of or Equity Interests in a Project Finance Subsidiary, and (ii) guarantees to the provider of such
Non-Recourse Debt or any other person (a) performance of the improvement, installation, design, engineering, construction, acquisition, development, completion, maintenance or operation of, or otherwise
affects any such act in respect of, all or any portion of the project that is financed by such Non-Recourse Debt, (b) completion of the minimum agreed equity or other contributions or support to the
relevant Project Finance Subsidiary, or (c) performance by a Project Finance Subsidiary of obligations to persons other than the provider of such Non-Recourse Debt; 

“Project Finance Subsidiary” means any Subsidiary designated by the Company whose principal
purpose is to incur Non-Recourse Debt and/or construct, lease, own or operate the assets financed thereby, or to become a direct or indirect partner, member or other equity participant or owner in a Person
created for such purpose, and substantially all the assets of which Subsidiary or Person are limited to (x) those assets being financed (or to be financed), or the operation of which is being financed (or to be financed), in whole or in part by
Non-Recourse Debt, or (y) Equity Interests in, or indebtedness or other obligations of, one or more other such Subsidiaries or Persons, or (z) indebtedness or other obligations of the Company or any
Subsidiary or other Persons. At the time of designation of any Project Finance Subsidiary, the sum of the net book value of the assets of such Subsidiary and the net book value of the assets of all other Project Finance Subsidiaries then existing
shall not in the aggregate exceed 10 percent of the Consolidated Net Tangible Assets; 

“Reference Treasury Dealer” has the meaning set forth in Section 402 hereof; 

  
 4 

 “Reference Treasury Dealer Quotations” has
the meaning set forth in Section 402 hereof; 
 “Regular Record Date” has the meaning
set forth in Section 204(a) hereof; 
 “Remaining Term” has the meaning set forth in
Section 402 hereof; 
 “Subsidiary” of any entity means any corporation, partnership,
joint venture, limited liability company, trust or estate of which (or in which) more than 50% of (i) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation
(irrespective of whether at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (ii) the interest in the capital or profits of such limited liability
company, partnership, joint venture or other entity or (iii) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such entity, by such entity and one or more of its other subsidiaries or
by one or more of such entity’s other subsidiaries; 
 “Treasury Rate” has the meaning
set forth in Section 402 hereof; 
 All references herein to Articles and Sections, unless otherwise
specified, refer to the corresponding Articles and Sections of this Supplemental Indenture No. 18; and 

The terms “herein,” “hereof,” “hereunder” and other words of similar import refer
to this Supplemental Indenture No. 18. 
 ARTICLE TWO 

The Series of Securities 

Section 201 Title of the Securities. The Notes shall be designated as the “1.75% Senior Notes due
2030.” 
 Section 202 Limitation on Aggregate Principal Amount. The Trustee shall authenticate and
deliver the Notes for original issue on the Issue Date in the aggregate principal amount of $500,000,000 upon a Company Order for the authentication and delivery thereof and satisfaction of Sections 301 and 303 of the Original Indenture. Such
order shall specify the amount of the Notes to be authenticated, the date on which the original issue of Notes is to be authenticated and the name or names of the initial Holder or Holders. The aggregate principal amount of Notes that may
initially be outstanding shall not exceed $500,000,000; provided, however, that the authorized aggregate principal amount of the Notes may be increased above such amount by a Board Resolution to such effect. 

Section 203 Stated Maturity. The Stated Maturity of the Notes shall be October 1, 2030 (the
“Maturity Date”). 

  
 5 

 Section 204 Interest and Interest Rates. 

(a) The Notes shall bear interest at a rate of 1.75% per year, from and including October 1, 2020 (the “Issue
Date”) to, but excluding, the Maturity Date. Such interest shall be payable semi-annually in arrears on April 1 and October 1 of each year (each an “Interest Payment Date”),
beginning April 1, 2021 to the persons in whose names the Notes (or one or more Predecessor Securities) are registered at the close of business on March 15 and September 15 (each a “Regular Record Date”) (whether or
not a Business Day), as the case may be, immediately preceding such Interest Payment Date. 
 (b) Any such interest not so
punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and shall either (i) be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the
close of business on the Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Notes not less than 10 days prior to such Special Record Date, or (ii) be paid
at any time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or traded, and upon such notice as may be required by such exchange or automated
quotation system, all as more fully provided in the Indenture. 
 (c) The amount of interest payable for any period shall be
computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the days elapsed in any partial month. In the event that any date on which interest is payable on a Note is not a Business Day, then a
payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the payment
was originally payable. 
 (d) Any principal and premium, if any, and any installment of interest, which is overdue shall
bear interest at the rate of 1.75% per annum (to the extent permitted by law), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. 

Section 205 Paying Agent; Place of Payment. The Trustee shall initially serve as the Paying Agent for the
Notes. The Company may appoint and change any Paying Agent or approve a change in the office through which any Paying Agent acts without notice, other than notice to the Trustee. The Company or any of its Subsidiaries or any of their
Affiliates may act as Paying Agent. The Place of Payment where the Notes may be presented or surrendered for payment shall be the Corporate Trust Office of the Trustee. At the option of the Company, payment of interest may be made
(i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer in immediately available funds at such place and to such account as may be designated in
writing by the Person entitled thereto as specified in the Security Register. 
 Section 206 Place of Registration
or Exchange; Notices and Demands With Respect to the Notes. The place where the Holders of the Notes may present the Notes for registration of transfer or exchange and may make notices and demands to or upon the Company in respect of the
Notes shall be the Corporate Trust Office of the Trustee. 

  
 6 

 Section 207 Percentage of Principal Amount. The Notes shall
be initially issued at 99.945% of their principal amount, plus accrued interest, if any, from the Issue Date. 

Section 208 Global Securities. The Notes shall be issuable in whole or in part in the form of one or more Global
Securities. Such Global Securities shall be deposited with, or on behalf of, The Depository Trust Company, New York, New York, which shall act as Depositary with respect to the Notes. Such Global Securities shall bear the legends set forth
in the form of Security attached as Exhibit A hereto. 
 Section 209 Form of Securities. The Notes
shall be substantially in the form attached as Exhibit A hereto. 
 Section 210 Securities
Registrar. The Trustee shall initially serve as the Security Registrar for the Notes. 
 Section 211
Defeasance and Discharge; Covenant Defeasance. 
 (a) Article Fourteen of the Original Indenture, including without
limitation Sections 1402 and 1403 thereof (as modified by Section 211(b) hereof), shall apply to the Notes. 
 (b)
Solely with respect to the Notes issued hereby, the first sentence of Section 1403 of the Original Indenture is hereby deleted in its entirety, and the following is substituted in lieu thereof: 

“Upon the Company’s exercise of its option (if any) to have this Section 1403 applied to any Securities or any
series of Securities, as the case may be, (1) the Company shall be released from its obligations under Article Eight and under any covenants provided pursuant to Section 301(20), 901(2) or 901(7) for the benefit of the Holders of such
Securities, including without limitation, the covenants provided for in Article Three of Supplemental Indenture No. 18 to the Indenture, and (2) the occurrence of any event specified in Sections 501(4) (with respect to
Article Eight and to any such covenants provided pursuant to Section 301(20), 901(2) or 901(7)) and 501(7) shall be deemed not to be or result in an Event of Default, in each case with respect to such Securities as provided in this
Section 1403 on and after the date the conditions set forth in Section 1404 are satisfied (hereinafter called “Covenant Defeasance”).” 

Section 212 Sinking Fund Obligations. The Company shall have no obligation to redeem or purchase any Notes
pursuant to any sinking fund or analogous requirement or upon the happening of a specified event or at the option of a Holder thereof. 

  
 7 

 ARTICLE THREE 

Additional Covenants 

Section 301. Maintenance of Properties. The Company shall cause all properties used or useful in the conduct of
its business or the business of any Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and shall cause to be made all necessary repairs, renewals, replacements, betterments and
improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly conducted at all times; provided, however, that nothing in this Section 301 shall
prevent the Company from discontinuing the operation or maintenance of any of such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the business of any Subsidiary. 

Section 302. Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or
discharged, before the same shall become delinquent, (1) all taxes, assessments and governmental charges levied or imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary, and
(2) all lawful claims for labor, materials and supplies which, if unpaid, might by law become a lien upon the property of the Company or any Subsidiary; provided, however, that the Company shall not be required to pay or discharge
or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings. 

ARTICLE FOUR 
 Optional Redemption
of the Notes 
 Section 401 Redemption Price. The Notes shall be redeemable, at the option of the Company, at
any time and from time to time, in whole or in part, on any date prior to July 1, 2030 (the “Par Call Date”), at a price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the
sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if the Notes matured on the Par Call Date but for the redemption (not including any portion of such payments of
interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the
applicable Treasury Rate plus 20 basis points, plus, in each case, accrued and unpaid interest on the principal amount being redeemed, if any, to, but excluding, the Redemption Date. On or after the Par Call Date, the Company may redeem, at its
option, the Notes at any time or from time to time, in whole or in part, by paying 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest on the principal amount being redeemed, if any, to, but excluding, the
Redemption Date. The Trustee shall have no responsibility for the calculation of such amount. 

  
 8 

 Section 402 Calculation. The Treasury Rate will be calculated by
the Independent Investment Banker on the third Business Day preceding the Redemption Date. For purposes of this Article Four, the following terms shall mean as follows: 

“Treasury Rate” means, with respect to any Redemption Date, the yield calculated on the third Business Day
preceding the Redemption Date, as follows: for the latest day that appears in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or
any successor publication) under the caption “Treasury Constant Maturities—Nominal”, the Independent Investment Banker shall select two yields – one for the maturity immediately before and one for the maturity immediately after
the remaining maturity of the Notes to be redeemed (assuming the Notes matured on the Par Call Date) – and shall interpolate on a straight-line basis using such yields; if there is no such maturity either before or after, the Independent
Investment Banker shall select the maturity closest to the Par Call Date that appears on the release; or if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the
rate per annum equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated by the Independent Investment Banker using a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for such Redemption Date. 
 “Comparable Treasury
Issue” means the U.S. Treasury security selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term (“Remaining Term”) of the Notes to be redeemed (assuming for
this purpose that the Notes matured on the Par Call Date) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the
Remaining Term of such Notes. 
 “Comparable Treasury Price” means (1) the average of four Reference
Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the
average of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury
Dealers appointed by the Company. 
 “Reference Treasury Dealer” means each of (1) Barclays Capital
Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC and each of their respective affiliates or successors, each of which is a primary U.S. government securities dealer in the United States of America (a
“Primary Treasury Dealer”), provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer and (2) any other Primary Treasury
Dealer selected by the Company after consultation with the Independent Investment Banker. 
 “Reference Treasury
Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in
each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

  
 9 

 Section 403 Partial Redemption. If fewer than all of the
Notes are to be redeemed by the Company pursuant to this Article Four, not more than 60 days prior to the Redemption Date, the particular Notes or portions thereof called for redemption will be selected from the outstanding Notes not previously
called by such method as the Trustee deems fair and appropriate. The Trustee may select for redemption Notes and portions of Notes in amounts of $2,000 or whole multiples of $1,000. A new Note in principal amount equal to the unredeemed portion
of the original Note shall be issued upon the cancellation of the original Note. In the case of a partial redemption of Notes registered in the name of Cede & Co., the Notes to be redeemed will be determined in accordance with the
procedures of The Depository Trust Company. 
 Section 404 Notice of Optional Redemption. The Trustee, at
the written direction of the Company, will send a notice of redemption prepared by the Company to each holder of Notes to be redeemed by first-class mail (or in accordance with the procedures of The Depository Trust Company with respect to Notes
registered in the name of Cede & Co.) at least 15 and not more than 60 days prior to the date fixed for redemption. Unless the Company defaults on payment of the redemption price, interest will cease to accrue on the Notes or portions
thereof called for redemption on the Redemption Date. If any Note is to be redeemed in part only, the notice of redemption shall state the portion of the principal amount to be redeemed. 

ARTICLE FIVE 
 Remedies 

Section 501 Additional Event of Default; Acceleration of Maturity. 

(a) Solely with respect to the Notes issued hereby, Section 501(7) of the Original Indenture is hereby deleted in its
entirety, and the following is substituted in lieu thereof as an Event of Default in addition to the other events set forth in Section 501 of the Original Indenture: 

“(7) the default by the Company or any Subsidiary, other than a Project Finance Subsidiary, in the
payment, when due, after the expiration of any applicable grace period, of principal of indebtedness for money borrowed, other than Non-Recourse Debt, in the aggregate principal amount then outstanding of
$125 million or more, or acceleration of any indebtedness for money borrowed in such aggregate principal amount so that it becomes due and payable prior to the date on which it would otherwise have become due and payable and such acceleration
is not rescinded or such default is not cured within 30 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the holders of at least 33% in principal amount of the
Notes written notice specifying such default and requiring the Company to cause such acceleration to be rescinded or such default to be cured and stating that such notice is a “Notice of Default” under the Indenture;”. 

  
 10 

 (b) Solely with respect to the Notes issued hereby, the first paragraph of
Section 502 of the Original Indenture is hereby deleted in its entirety, and the following is substituted in lieu thereof: 

“If an Event of Default (other than an Event of Default specified in Section 501(5) or 501(6)) with
respect to the Notes at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 33% in principal amount of the Notes Outstanding may declare the principal amount of all the Notes to be due
and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable. If an Event of Default
specified in Section 501(5) or 501(6) with respect to the Notes at the time Outstanding occurs and is continuing, the principal amount of all the Notes shall automatically, and without any declaration or other action on the part of the Trustee
or any Holder, become immediately due and payable.” 
 Section 502 Amendment of Certain
Provisions. Solely with respect to the Notes issued hereby, references to “25%” in Article Five of the Indenture are hereby deleted in their entirety and “33%” is substituted in lieu thereof. 

ARTICLE SIX 
 Miscellaneous
Provisions 
 Section 601 The Indenture, as supplemented and amended by this Supplemental Indenture No. 18, is in
all respects hereby adopted, ratified and confirmed. 
 Section 602 This Supplemental Indenture No. 18 may be
executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. The words “execution,” “executed,” “signed,” signature,”
and words of like import in this Supplemental Indenture No. 18 shall include images of manually executed signatures transmitted by facsimile, email or other electronic format (including, without limitation, “pdf,” “tif” or
“jpg”) and other electronic signatures (including, without limitation, DocuSign and AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent,
communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law,
including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic
Transactions Act or the Uniform Commercial Code. Without limitation to the foregoing, and anything in this Supplemental Indenture No. 18 to the contrary notwithstanding, (a) any Officers’ Certificate, Company Order, Opinion of
Counsel, Security, certificate of authentication appearing on or attached to any Security or other certificate, Opinion of Counsel, instrument, agreement or other document delivered pursuant to this Supplemental Indenture No. 18 may be
executed, attested and transmitted by any of the foregoing electronic means and formats, (b) all references 

  
 11 

 
in Section 303 or elsewhere in the Indenture to the execution, attestation or authentication of any Security or any certificate of authentication appearing on or attached to any Security by
means of a manual or facsimile signature shall be deemed to include signatures that are made or transmitted by any of the foregoing electronic means or formats, and (c) any requirement in Section 303 or elsewhere in the Indenture that any
signature be made under a corporate seal (or facsimile thereof) shall not be applicable to the Securities of such series. 

Section 603 THIS SUPPLEMENTAL INDENTURE NO. 18 AND EACH NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE
STATE OF NEW YORK AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. 

Section 604 If any provision in this Supplemental Indenture No. 18 limits, qualifies or conflicts with another
provision hereof which is required to be included herein by any provisions of the Trust Indenture Act, such required provision shall control. 

Section 605 In case any provision in this Supplemental Indenture No. 18 or the Notes shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture No. 18 to be duly executed, as of the day and year first written above. 
  

			
	 CENTERPOINT ENERGY RESOURCES CORP.

		
	 By:
	 	  

		 	 Robert B. McRae

		 	 Vice President and Treasurer

  

	
	 Attest:

	
	  

	 Vincent A. Mercaldi

	 Corporate Secretary

	
	 (SEAL)

  

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

	 As Trustee

		
	 By:
	 	  

		 	 Authorized Signatory

  
 13 

 Exhibit A 

[FORM OF FACE OF SECURITY] 
 [IF
THIS SECURITY IS TO BE A GLOBAL SECURITY -] THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR
SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY. 
 [FOR AS LONG AS THIS GLOBAL SECURITY IS DEPOSITED WITH
OR ON BEHALF OF THE DEPOSITORY TRUST COMPANY IT SHALL BEAR THE FOLLOWING LEGEND.] UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO CENTERPOINT
ENERGY RESOURCES CORP. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 CENTERPOINT ENERGY RESOURCES CORP. 

1.75% Senior Notes due 2030 
  

			
	 Original Interest Accrual Date: October 1, 2020

Stated Maturity: October 1, 2030

Interest Rate: 1.75%
 Interest
Payment Dates: April 1 and October 1
 Initial Interest Payment Date: April 1, 2021

Regular Record Dates: March 15 and September 15 immediately preceding the applicable Interest Payment Date
	  	 Redeemable: Yes [X] No [    ]

Redemption Date: At any time.

Redemption Price: 1) On any date prior to July 1, 2030 (the “Par Call Date”) at a price equal to the greater of (i) 100% of
the principal amount of this Security or the portion hereof to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on this Security, or the portion thereof to be redeemed, that would
be due if this Security matured on the Par Call Date but for the redemption (not including any portion of such payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis at the applicable Treasury
Rate

			
		  	 plus 20 basis points; plus, in each case, accrued and unpaid interest on the principal amount being redeemed to, but
excluding, the Redemption Date; or 2) on or after the Par Call Date, at a price equal to 100% of the principal amount of this Security or the portion thereof to be redeemed plus accrued and unpaid interest on the principal amount being redeemed to,
but excluding, the Redemption Date.

 This Security is not an Original Issue Discount Security 

within the meaning of the within-mentioned Indenture. 
  

 
  

			
	 Principal Amount
	  	Registered No. T-[     ]
	 $_______________*
	  	CUSIP 15189Y AF3

 CENTERPOINT ENERGY RESOURCES CORP., a corporation duly organized and existing under the laws of the State of
Delaware, formerly known as NorAm Energy Corp. (herein called the “Company,” which term includes any successor Person under the Indenture referred to below), for value received, hereby promises to pay to 

***CEDE & Co.*** 
 , or
its registered assigns, the principal sum
of                                         
                        DOLLARS on the Stated Maturity specified above, and to pay interest thereon from the Original Interest Accrual
Date specified above or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on the Interest Payment Dates specified above in each year, commencing on April 1, 2021, and at
Maturity, at the Interest Rate per annum specified above, until the principal hereof is paid or made available for payment, provided that any principal and premium, and any such installment of interest, which is overdue shall bear interest at
the rate of 1.75% per annum (to the extent permitted by applicable law), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. The amount of interest payable for any
period shall be computed on the basis of twelve 30-day months and a 360-day year. The amount of interest payable for any partial period shall be computed on the basis of
a 360-day year of twelve 30-day months and the days elapsed in any partial month. In the event that any date on which interest is payable on this Security is not a
Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on
the date the payment was originally payable. A “Business Day” shall mean any day other than a Saturday, a Sunday or a day on which banking institutions in The City of New York are authorized or required by law, regulation or 

 

	* 	 Reference is made to Schedule A attached hereto with respect to decreases and increases in the aggregate
principal amount of Securities evidenced hereby. 

 
executive order to close. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be March 15 or September 15 (whether or not a Business Day), as the case may be,
next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and shall either be paid to the Person in whose name this
Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this
series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Securities of this series
may be listed or traded, and upon such notice as may be required by such exchange or automated quotation system, all as more fully provided in said Indenture. 

Payment of the principal of (and premium, if any) and any such interest on this Security will be made at the Corporate Trust
Office of the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest
may be made (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer in immediately available funds at such place and to such account as may be
designated in writing by the Person entitled thereto as specified in the Security Register. 
 Reference is hereby made to
the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

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

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

							
	 Dated: October 1, 2020
	 		 	 CENTERPOINT ENERGY RESOURCES CORP.

				
		 		 	By:	 	                                

		 		 	 Name: Robert B. McRae

		 		 	 Title: Vice President and Treasurer

  

	
	 (SEAL)

	
	 Attest:

	
	   

	 Name: Vincent A. Mercaldi

	 Title: Corporate Secretary

 CERTIFICATE OF AUTHENTICATION 

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

 

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

		 		 	 As Trustee

	 Dated: October 1, 2020
	 		 		 	
		 		 	By:	 	                                
            
		 		 	Authorized Signatory

 SCHEDULE A 

The initial aggregate principal amount of Securities evidenced by the Certificate to which this Schedule is attached is
$                                         
                       . The notations on the following table evidence decreases and increases in the aggregate principal amount of
Securities evidenced by such Certificate. 
  

									
	 Date of Adjustment
	  	 Decrease in Aggregate
Principal Amount
of
Securities
	  	 Increase in Aggregate
Principal Amount
of
Securities
	  	 Aggregate Principal
Amount of Securities
Remaining After

Such Decrease or
 Increase
	  	 Notation by

Security

Registrar

 [FORM OF REVERSE SIDE OF SECURITY] 

CENTERPOINT ENERGY RESOURCES CORP. 

1.75% SENIOR NOTES DUE 2030 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”),
issued and to be issued in one or more series under an Indenture, dated as of February 1, 1998 (herein called the “ Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and The Bank of
New York Mellon Trust Company, N.A. (successor to JPMorgan Chase Bank, National Association (formerly Chase Bank of Texas, National Association)), as Trustee (herein called the “Trustee,” which term includes any successor trustee under the
Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof, initially limited in aggregate principal amount to $500,000,000;
provided, however, that the authorized aggregate principal amount of the Securities may be increased above such amount by a Board Resolution to such effect. 

This Security shall be redeemable, at the option of the Company, at any time or from time to time, in whole or in part, on any
date prior to July 1, 2030 (the “Par Call Date”) at a price equal to the greater of (i) 100% of the principal amount of this Security (or the portion hereof to be redeemed) or (ii) the sum of the present values of the
remaining scheduled payments of principal and interest on the Securities to be redeemed that would be due if this Security (or the portion hereof to be redeemed) matured on the Par Call Date but for the redemption (not including any portion of such
payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months)
at the applicable Treasury Rate plus 20 basis points plus, in each case, accrued and unpaid interest on the principal amount being redeemed, if any, to, but excluding, the Redemption Date. On or after the Par Call Date, the Company may redeem this
Security, at any time or from time to time, in whole or in part, by paying 100% of the principal amount of this Security (or such portion to be redeemed) plus accrued and unpaid interest on the principal amount being redeemed, if any, to, but
excluding, the Redemption Date. The Trustee shall have no responsibility for the calculation of such amount. 
 The Treasury
Rate will be calculated by the Independent Investment Banker on the third Business Day preceding the Redemption Date. For purposes of calculating the Redemption Price, the following terms shall mean as follows: 

“Treasury Rate” means, with respect to any Redemption Date, the yield calculated on the third Business Day preceding
the Redemption Date, as follows: for the latest day that appears in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or any
successor publication) under the caption “Treasury Constant Maturities - Nominal”, the Independent Investment Banker shall select two yields – one for the maturity immediately before and one for the maturity immediately

 
after the remaining maturity of this Security (assuming this Security matured on the Par Call Date) – and shall interpolate on a straight-line basis using such yields; if there is no such
maturity either before or after, the Independent Investment Banker shall select the maturity closest to the Par Call Date that appears on the release; or if such release (or any successor release) is not published during the week preceding the
calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated by the Independent Investment Banker using a price for the Comparable Treasury
Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

“Comparable Treasury Issue” means the U.S. Treasury security selected by an Independent Investment Banker as having
an actual or interpolated maturity comparable to the remaining term (“Remaining Term”) of this Security to be redeemed (assuming for this purpose that the Securities matured on the Par Call Date) that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Remaining Term of this Security. 

“Comparable Treasury Price” means (1) the average of four Reference Treasury Dealer Quotations for such
Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.

 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company. 

“Reference Treasury Dealer” means each of (1) Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan
Securities LLC and Mizuho Securities USA LLC and each of their respective affiliates or successors, each of which is a primary U.S. government securities dealer in the United States of America (a “Primary Treasury Dealer”), provided,
however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer and (2) any other Primary Treasury Dealer selected by the Company after consultation with
the Independent Investment Banker. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference
Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in
writing to the Independent Investment Banker at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for
the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The
Securities of this series are not entitled to the benefit of any sinking fund. 

 The Indenture contains provisions for satisfaction and discharge of the
entire indebtedness of this Security upon compliance by the Company with certain conditions set forth in the Indenture. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain
restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 

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

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the
Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of
the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this
Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such
consent or waiver is made upon this Security. 
 As provided in and subject to the provisions of the Indenture, the Holder
of this Security shall not have the right to institute any proceeding with respect to the 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 with respect to the Securities of this series, the Holders of not less than 33% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the
Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at
the time Outstanding a direction inconsistent with such 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 Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

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

 As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on
this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. No service charge shall be made for any
such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

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

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF.

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