Document:

Exhibit
4.5

 

FINTECH
ACQUISITION CORP. VI

 

 DESCRIPTION
OF SECURITIES

 

The
following summary of the material terms of the securities of FinTech Acquisition Corp. VI, a Delaware corporation (“we,”
“us,” “our” or the “Company”), is not intended to be a complete summary of the rights and preferences
of such securities and is subject to and qualified by reference to our amended and restated certificate of incorporation, our amended
and restated bylaws and the warrant agreement, dated June 23, 2021, between the Company and Continental Stock Transfer & Trust Company
(the “Warrant Agreement”), in each case incorporated by reference as exhibits to the Company’s Annual Report on Form
10-K for the year ended December 31, 2021 (the “Report”), and applicable Delaware law, including the Delaware General Corporation
Law, or DGCL. We urge you to read our amended and restated certificate of incorporation, our amended and restated bylaws and the Warrant
Agreement in their entirety for a complete description of the rights and preferences of our securities.

 

Pursuant
to our amended and restated certificate of incorporation, our authorized capital stock consists of 60,000,000 shares of Class A common
stock, par value $0.0001 per share, 10,000,000 shares of Class B common stock, par value $0.0001 per share, and 1,000,000 shares of undesignated
preferred stock, $0.0001 par value.

 

Units

 

Each
unit consists of one share of Class A common stock and one-fourth of one warrant. Each whole warrant entitles the holder to purchase
one share of Class A common stock at a price of $11.50 per share, subject to adjustment. Pursuant to the warrant agreement, a warrant
holder may exercise its warrants only for a whole number of shares of Class A common stock. This means that only a whole warrant may
be exercised at any given time by a warrant holder. No fractional warrants will be issued upon separation of the units and only whole
warrants will trade. Accordingly, unless you purchase at least four units, you will not be able to receive or trade a whole warrant.

 

The
Class A common stock and warrants comprising the units began separate trading on August 16, 2021. Holders have the option to continue
to hold units or separate their units into the component securities. Holders need to have their brokers contact our transfer agent in
order to separate the units into shares of Class A common stock and warrants.

 

Common
Stock

 

Class
A common stock

 

Holders
of record of the Company’s Class A common stock are entitled to one vote for each share held on all matters to be voted on by stockholders.
Holders of our Class B common stock have the right to elect all of our directors prior to the consummation of our initial business combination.
On any other matter submitted to a vote of our stockholders, holders of our Class B common stock and holders of our Class A common stock
vote together as a single class, except as required by law. Unless specified in our amended and restated certificate of incorporation
or bylaws, or as required by applicable provisions of the DGCL or applicable stock exchange rules, the affirmative vote of a majority
of our shares of common stock that are voted is required to approve any such matter voted on by our stockholders. The board of directors
is divided into two classes, each of which will generally serve for a term of two years with only one class of directors being elected
in each year. There is no cumulative voting with respect to the election of directors, with the result that the holders of more than
50% of the shares voted for the election of directors can elect all of the directors. Our stockholders are entitled to receive ratable
dividends when, as and if declared by the board of directors out of funds legally available therefor.

 

Because
our amended and restated certificate of incorporation authorizes the issuance of up to 60,000,000 shares of Class A common stock, if
we were to enter into a business combination, we may (depending on the terms of such a business combination) be required to increase
the number of shares of Class A common stock which we are authorized to issue at the same time as our stockholders vote on the business
combination to the extent we seek stockholder approval in connection with our business combination.

 

     

     

    

 

We
will provide our stockholders with the opportunity to redeem all or a portion of their public shares upon the consummation of our initial
business combination at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, as of
two business days prior to the consummation of our initial business combination, including interest earned on the funds held in the trust
account and not previously released to us to pay our taxes, divided by the number of then outstanding public shares, subject to the limitations
described herein.

 

The
per-share amount we will distribute to investors who properly redeem their shares will not be reduced by the deferred underwriting
commissions we will pay to the representative. Our sponsor, officers and directors and Cantor Fitzgerald have entered into written agreements
with us, pursuant to which they have agreed to waive their redemption rights with respect to any founder shares and placement shares
held by them in connection with the completion of our business combination. Unlike many blank check companies that hold stockholder votes
and conduct proxy solicitations in conjunction with their initial business combinations and provide for related redemptions of public
shares for cash upon completion of such initial business combinations even when a vote is not required by law, if a stockholder vote
is not required by law and we do not decide to hold a stockholder vote for business or other legal reasons, we will, pursuant to our
amended and restated certificate of incorporation, conduct the redemptions pursuant to the tender offer rules of the SEC, and file tender
offer documents with the SEC prior to consummating our initial business combination. Our amended and restated certificate of incorporation
requires these tender offer documents to contain substantially the same financial and other information about the initial business combination
and the redemption rights as is required under the SEC’s proxy rules. If, however, stockholder approval of the transaction is required
by law, or we decide to obtain stockholder approval for business or other legal reasons, we will, like many blank check companies, offer
to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If
we seek stockholder approval, we will complete our initial business combination only if a majority of the outstanding shares of common
stock voted are voted in favor of the business combination. A quorum for such meeting will consist of the holders present in person or
by proxy of shares of outstanding capital stock of the Company representing a majority of the voting power of all outstanding shares
of capital stock of the Company entitled to vote at such meeting. However, the participation of our sponsor, officers, directors, advisors
or their affiliates in privately-negotiated transactions, if any, could result in the approval of our business combination even
if a majority of our public stockholders vote, or indicate their intention to vote, against such business combination. For purposes of
seeking approval of the majority of our outstanding shares of common stock voted, non-votes will have no effect on the approval
of our business combination once a quorum is obtained. We intend to give not less than 10 days nor more than 60 days prior written notice
of any such meeting, if required, at which a vote will be taken to approve our business combination. These quorum and voting thresholds,
and the voting agreements of our initial stockholders, may make it more likely that we will consummate our initial business combination.

 

If
we seek stockholder approval of our initial business combination and we do not conduct redemptions in connection with our business combination
pursuant to the tender offer rules, our amended and restated certificate of incorporation provides that a public stockholder, together
with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group”
(as defined under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate
of 15% of the shares of Class A common stock sold in the initial public offering, which we refer to as the Excess Shares. However, we
would not be restricting our stockholders’ ability to vote all of their shares (including Excess Shares) for or against our business
combination. Our stockholders’ inability to redeem the Excess Shares will reduce their influence over our ability to complete our
business combination, and such stockholders could suffer a material loss in their investment if they sell such Excess Shares on the open
market. Additionally, such stockholders will not receive redemption distributions with respect to the Excess Shares if we complete the
business combination. And, as a result, such stockholders will continue to hold that number of shares exceeding 15% and, in order to
dispose of such shares would be required to sell their stock in open market transactions, potentially at a loss.

 

If
we seek stockholder approval in connection with our business combination, our sponsor, officers and directors have agreed to vote their
founder shares, placement shares and any public shares purchased during or after the initial public offering in favor of our initial
business combination. Additionally, each public stockholder may elect to redeem its public shares irrespective of whether they vote for
or against the proposed transaction (subject to the limitation described in the preceding paragraph).

 

    2

     

    

 

Pursuant
to our amended and restated certificate of incorporation, if we are unable to complete our business combination by December 28, 2022,
we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business
days thereafter subject to lawfully available funds therefor, redeem the public shares, at a per-share price, payable in cash, equal
to the aggregate amount then on deposit in the trust account including interest earned on the funds held in the trust account and not
previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then
outstanding public shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the
right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible
following such redemption, subject to the approval of our remaining stockholders and our board of directors, dissolve and liquidate,
subject in each case to our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable
law. Our initial stockholders and Cantor Fitzgerald have agreed to waive their rights to liquidating distributions from the trust account
with respect to any founder shares and placement shares held by them if we fail to complete our business combination by December 28,
2022. However, if our initial stockholders acquire public shares in or after the initial public offering, they will be entitled to liquidating
distributions from the trust account with respect to such public shares if we fail to complete our business combination within the prescribed
time period. Cantor Fitzgerald will have the same redemption rights as a public stockholder with respect to any public shares they acquire.

 

In
the event of a liquidation, dissolution or winding up of the company after a business combination, our stockholders are entitled to share
ratably in all assets remaining available for distribution to them after payment of liabilities and after provision is made for each
class of stock, if any, having preference over the common stock. Our stockholders have no preemptive or other subscription rights. There
are no sinking fund provisions applicable to the common stock, except that we will provide our stockholders with the opportunity to redeem
their public shares for cash equal to their pro rata share of the aggregate amount then on deposit in the trust account, upon the completion
of our initial business combination, subject to the limitations described herein.

 

Class
B common stock

 

There
are 8,563,333 shares of our Class B common stock, or founder shares, outstanding. Our sponsor purchased an aggregate of 580,000 placement
shares contained in the placement units in a private placement that occurred simultaneously with the completion of the initial public
offering. The founder shares and placement shares are each identical to the shares of Class A common stock included in the units, and
holders of founder shares or placement shares have the same stockholder rights as public stockholders, except that (i) only holders of
the founder shares have the right to vote on the election of directors prior to our initial business combination; (ii) the founder shares
and placement shares are subject to certain transfer restrictions, and (iii) each holder of founder shares has agreed, and each purchaser
of placement units has agreed, to waive his, her or its redemption rights with respect to his, her or its founder shares and placement
shares, (A) in connection with the consummation of a business combination, (B) in connection with a stockholder vote to amend our amended
and restated certificate of incorporation to modify the substance or timing of our obligation to redeem 100% of our public shares if
we do not complete our initial business combination by December 28, 2022, (C) if we fail to consummate our initial business combination
by December 28, 2022 and (D) upon our liquidation prior to December 28, 2022. To the extent holders of founder shares or purchasers of
placement units transfer any of these securities, such transferees will agree, as a condition to such transfer, to waive these same redemption
rights. If we submit our initial business combination to our public stockholders for a vote, our sponsor and the other initial stockholders
have agreed, and our officers and directors have agreed, to vote their respective founder shares, placement shares and any public shares
held by them in favor of our initial business combination.

 

The
shares of Class B common stock will automatically convert into shares of Class A common stock at the time of our initial business combination
on a one-for-one basis (subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like), and
subject to further adjustment as provided herein. In the case that additional shares of Class A common stock or equity-linked securities
are issued or deemed issued in excess of the amounts offered in the initial public offering and related to the closing of the business
combination, the ratio at which shares of Class B common stock shall convert into shares of Class A common stock will be adjusted (unless
the holders of a majority of the outstanding shares of Class B common stock agree to waive such adjustment with respect to any such issuance
or deemed issuance) so that the number of shares of Class A common stock issuable upon conversion of all shares of Class B common stock
will equal, in the aggregate, on an as-converted basis 25% of the sum of the total number of all shares of common stock issued and outstanding
upon completion of the initial public offering, including placement shares, plus all shares of Class A common stock and equity-linked
securities issued or deemed issued in connection with our initial business combination, excluding any shares or equity-linked securities
issued, or to be issued, to any seller in our initial business combination.

 

    3

     

    

 

With
certain limited exceptions, the founder shares are not transferable, assignable or salable (except to certain permitted transferees,
each of whom will be subject to the same transfer restrictions)  (i) with respect to 25% of such shares, until consummation of our
initial business combination, (ii) with respect to 25% of such shares, until the closing price of our Class A common stock exceeds $12.00
for any 20 trading days within a 30-trading day period following the consummation of our initial business combination, (iii) with
respect to 25% of such shares, until the closing price of our Class A common stock exceeds $13.50 for any 20 trading days within a 30-trading day
period following the consummation of our initial business combination, and (iv) with respect to 25% of such shares, until the closing
price of our Class A common stock exceeds $17.00 for any 20 trading days within a 30-trading day period following the consummation
of our initial business combination or earlier, in any case, if, following a business combination, we complete a liquidation, merger,
capital stock exchange, reorganization or other similar transaction that results in all of our public stockholders having the right to
exchange their shares of common stock for cash, securities or other property..

 

Preferred
Stock

 

Our
amended and restated certificate of incorporation provides that shares of preferred stock may be issued from time to time in one or more
series. Our board of directors is authorized to fix the voting rights, if any, designations, powers, preferences, the relative, participating,
optional or other special rights and any qualifications, limitations and restrictions, applicable to the shares of each series. Our board
of directors is able, without stockholder approval, to issue preferred stock with voting and other rights that could adversely affect
the voting power and other rights of the holders of the common stock and could have anti-takeover effects. The ability of our board of
directors to issue preferred stock without stockholder approval could have the effect of delaying, deferring or preventing a change of
control of us or the removal of existing management. We have no preferred stock outstanding at the date hereof. Although we do not currently
intend to issue any shares of preferred stock, we cannot assure you that we will not do so in the future.

 

Warrants

 

Public
Stockholders’ Warrants

 

Each
whole warrant entitles the registered holder to purchase one whole share of our Class A common stock at a price of $11.50 per share,
subject to adjustment as discussed below, at any time commencing on the later of 12 months from the closing of the initial public offering
or 30 days after the completion of our initial business combination. Pursuant to the warrant agreement, a warrant holder may exercise
its warrants only for a whole number of shares of Class A common stock. This means that only a whole warrant may be exercised at any
given time by a warrant holder. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
Accordingly, unless you purchase at least four units, you will not be able to receive or trade a whole warrant. The warrants will expire
five years after the completion of our initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or
liquidation.

 

We
will not be obligated to deliver any shares of Class A common stock pursuant to the exercise for cash of a warrant and will have no obligation
to settle such warrant exercise unless a registration statement under the Securities Act with respect to the shares of Class A common
stock underlying the warrants is then effective and a prospectus relating thereto is current, subject to our satisfying our obligations
described below with respect to registration. No warrant will be exercisable and we will not be obligated to issue shares of Class A
common stock upon exercise of a warrant unless Class A common stock issuable upon such warrant exercise has been registered, qualified
or deemed to be exempt from the registration or qualification requirements of the securities laws of the state of residence of the registered
holder of the warrants.

 

    4

     

    

 

We
have agreed that as soon as practicable, but in no event later than 20 business days after the closing of our initial business combination,
we will use our best efforts to file, and within 60 business days following our initial business combination to have declared effective,
a registration statement for the registration, under the Securities Act, of the shares of Class A common stock issuable upon exercise
of the warrants. We will use our best efforts to maintain the effectiveness of such registration statement, and a current prospectus
relating thereto, until the expiration or redemption of the warrants in accordance with the provisions of the warrant agreement. If a
registration statement covering the shares of Class A common stock issuable upon exercise of the warrants is not effective by the 60th
business day after the closing of our initial business combination, warrant holders may, until such time as there is an effective
registration statement and during any period when we will have failed to maintain an effective registration statement, exercise warrants
on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the
above, if our Class A common stock is at the time of any exercise of a warrant not listed on a national securities exchange such
that it satisfies the definition of a “covered security” under Section 18(b)(1) of the Securities Act, we may, at our
option, require holders of public warrants who exercise their warrants to do so on a “cashless basis” in accordance with
Section 3(a)(9) of the Securities Act and, in the event we so elect, we will not be required to file or maintain in effect a registration
statement, but we will be required to use our best efforts to register or qualify the shares under applicable blue sky laws to the extent
an exemption is not available. In such event, each holder would pay the exercise price by surrendering the warrants for that number of
shares of Class A common stock equal to the lesser of (A) the quotient obtained by dividing (x) the product of the number of shares of
Class A common stock underlying the warrants, multiplied by the excess of the “fair market value” (defined below) less the
exercise price of the warrants by (y) the fair market value and (B) 0.361. The “fair market value” as used in this paragraph
means the volume weighted average price of the Class A common stock for the 10 trading days ending on the trading day prior to the date
on which the notice of exercise is received by the warrant agent.

 

Redemption
of warrants when the price per share of Class A common stock equals or exceeds $18.00.    

 

Once
the warrants become exercisable, we may redeem the outstanding warrants (except as described herein with respect to the placement warrants):

 

		●	in
                                            whole and not in part;

 

		●	at
                                            a price of $0.01 per warrant;

 

		●	upon
                                            not less than 30 days’ prior written notice of redemption (the “30-day redemption
                                            period”) to each warrant holder; and

 

		●	if,
                                            and only if, the reported last sale price of the Class A common stock equals or exceeds $18.00
                                            per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations
                                            and the like)for any 20 trading days within a 30 trading day period ending three business
                                            days before we send the notice of redemption to the warrant holders.

 

If
and when the warrants become redeemable by us, we may exercise our redemption right even if we are unable to register or qualify the
underlying securities for sale under all applicable state securities laws.

 

We
have established the last of the redemption criterion discussed above to prevent a redemption call unless there is at the time of the
call a significant premium to the warrant exercise price. If the foregoing conditions are satisfied and we issue a notice of redemption
of the warrants, each warrant holder will be entitled to exercise its warrant prior to the scheduled redemption date. However, the price
of the Class A common stock may fall below the $18.00 redemption trigger price (as adjusted for stock splits, stock dividends, reorganizations,
recapitalizations and the like) as well as the $11.50 (for whole shares) warrant exercise price after the redemption notice is issued.

 

    5

     

    

 

Redemption
of warrants when the price per share of Class A common stock equals or exceeds $10.00.

 

Once
the warrants become exercisable, we may redeem the outstanding warrants:

 

		●	in
                                            whole and not in part;

 

		●	at
                                            $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption
                                            provided that holders will be able to exercise their warrants on a cashless basis
                                            prior to redemption and receive that number of shares determined by reference to the table
                                            below, based on the redemption date and the “fair market value” (as defined below)
                                            of our Class A common stock except as otherwise described below;

 

		●	if,
                                            and only if, the closing price of our Class A common stock equals or exceeds $10.00
                                            per public share (as adjusted for adjustments to the number of shares issuable upon exercise
                                            or the exercise price of a warrant as described under the heading “— Anti-dilution
                                            Adjustments” below) for any 20 trading days within the 30-trading day period ending
                                            three trading days before we send the notice of redemption to the warrant holders; and

 

		●	if
                                            the closing price of our Class A common stock for any 20 trading days within a 30-trading
                                            day period ending three trading days before we send notice of redemption to the warrant holders
                                            is less than $18.00 per share (as adjusted for adjustments to the number of shares issuable
                                            upon exercise or the exercise price of a warrant as described under the heading “—
                                            Anti-dilution Adjustments” below), the placement warrants must also be concurrently
                                            called for redemption on the same terms as the outstanding public warrants, as described
                                            above.

 

Beginning
on the date the notice of redemption is given until the warrants are redeemed or exercised, holders may elect to exercise their warrants
on a cashless basis. The numbers in the table below represent the number of shares of Class A common stock that a warrant holder
will receive upon such cashless exercise in connection with a redemption by us pursuant to this redemption feature, based on the “fair
market value” of our Class A common stock on the corresponding redemption date (assuming holders elect to exercise their warrants
and such warrants are not redeemed for $0.10 per warrant), determined for these purposes based on the volume weighted average price of
our Class A common stock during the 10 trading days immediately following the date on which the notice of redemption is sent to
the holders of warrants, and the number of months that the corresponding redemption date precedes the expiration date of the warrants,
each as set forth in the table below. We will provide our warrant holders with the final fair market value no later than one business
day after the 10-trading day period described above ends. Pursuant to the warrant agreement, references above to Class A common
stock shall include a security other than Class A common stock into which the Class A common stock have been converted or exchanged
for in the event we are not the surviving company in our initial business combination. The numbers in the table below will not be adjusted
when determining the number of shares of Class A common stock to be issued upon exercise of the warrants if we are not the surviving
entity following our initial business combination.

 

The
share prices set forth in the column headings of the table below will be adjusted as of any date on which the number of shares issuable
upon exercise of a warrant or the exercise price of a warrant is adjusted as set forth under the heading “— Anti-dilution
Adjustments” below. If the number of shares issuable upon exercise of a warrant is adjusted, the adjusted share prices in the column
headings will equal the share prices immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the number
of shares deliverable upon exercise of a warrant immediately prior to such adjustment and the denominator of which is the number of shares
deliverable upon exercise of a warrant as so adjusted. The number of shares in the table below shall be adjusted in the same manner and
at the same time as the number of shares issuable upon exercise of a warrant. If the exercise price of a warrant is adjusted, (a) in
the case of an adjustment pursuant to the fifth paragraph under the heading “— Anti-dilution Adjustments” below,
the adjusted share prices in the column headings will equal the unadjusted share price multiplied by a fraction, the numerator of which
is the higher of the Market Value and the Newly Issued Price as set forth under the heading “— Anti-dilution Adjustments”
and the denominator of which is $10.00 and (b) in the case of an adjustment pursuant to the second paragraph under the heading “— Anti-dilution
Adjustments” below, the adjusted share prices in the column headings will equal the unadjusted share price less the decrease in
the exercise price of a warrant pursuant to such exercise price adjustment.

 

    6

     

    

 

	Redemption
    Date	 	Fair
    Market Value of Class A Common Stock	 
	(period to expiration of warrants)	 	≤10.00	 	 	11.00	 	 	12.00	 	 	13.00	 	 	14.00	 	 	15.00	 	 	16.00	 	 	17.00	 	 	≥18.00	 
	60
    months	 	 	0.261	 	 	 	0.281	 	 	 	0.297	 	 	 	0.311	 	 	 	0.324	 	 	 	0.337	 	 	 	0.348	 	 	 	0.358	 	 	 	0.361	 
	57 months	 	 	0.257	 	 	 	0.277	 	 	 	0.294	 	 	 	0.310	 	 	 	0.324	 	 	 	0.337	 	 	 	0.348	 	 	 	0.358	 	 	 	0.361	 
	54 months	 	 	0.252	 	 	 	0.272	 	 	 	0.291	 	 	 	0.307	 	 	 	0.322	 	 	 	0.335	 	 	 	0.347	 	 	 	0.357	 	 	 	0.361	 
	51 months	 	 	0.246	 	 	 	0.268	 	 	 	0.287	 	 	 	0.304	 	 	 	0.320	 	 	 	0.333	 	 	 	0.346	 	 	 	0.357	 	 	 	0.361	 
	48 months	 	 	0.241	 	 	 	0.263	 	 	 	0.283	 	 	 	0.301	 	 	 	0.317	 	 	 	0.332	 	 	 	0.344	 	 	 	0.356	 	 	 	0.361	 
	45 months	 	 	0.235	 	 	 	0.258	 	 	 	0.279	 	 	 	0.298	 	 	 	0.315	 	 	 	0.330	 	 	 	0.343	 	 	 	0.356	 	 	 	0.361	 
	42 months	 	 	0.228	 	 	 	0.252	 	 	 	0.274	 	 	 	0.294	 	 	 	0.312	 	 	 	0.328	 	 	 	0.342	 	 	 	0.355	 	 	 	0.361	 
	39 months	 	 	0.221	 	 	 	0.246	 	 	 	0.269	 	 	 	0.290	 	 	 	0.309	 	 	 	0.325	 	 	 	0.340	 	 	 	0.354	 	 	 	0.361	 
	36 months	 	 	0.213	 	 	 	0.239	 	 	 	0.263	 	 	 	0.285	 	 	 	0.305	 	 	 	0.323	 	 	 	0.339	 	 	 	0.353	 	 	 	0.361	 
	33 months	 	 	0.205	 	 	 	0.232	 	 	 	0.257	 	 	 	0.280	 	 	 	0.301	 	 	 	0.320	 	 	 	0.337	 	 	 	0.352	 	 	 	0.361	 
	30 months	 	 	0.196	 	 	 	0.224	 	 	 	0.250	 	 	 	0.274	 	 	 	0.297	 	 	 	0.316	 	 	 	0.335	 	 	 	0.351	 	 	 	0.361	 
	27 months	 	 	0.185	 	 	 	0.214	 	 	 	0.242	 	 	 	0.268	 	 	 	0.291	 	 	 	0.313	 	 	 	0.332	 	 	 	0.350	 	 	 	0.361	 
	24 months	 	 	0.173	 	 	 	0.204	 	 	 	0.233	 	 	 	0.260	 	 	 	0.285	 	 	 	0.308	 	 	 	0.329	 	 	 	0.348	 	 	 	0.361	 
	21 months	 	 	0.161	 	 	 	0.193	 	 	 	0.223	 	 	 	0.252	 	 	 	0.279	 	 	 	0.304	 	 	 	0.326	 	 	 	0.347	 	 	 	0.361	 
	18 months	 	 	0.146	 	 	 	0.179	 	 	 	0.211	 	 	 	0.242	 	 	 	0.271	 	 	 	0.298	 	 	 	0.322	 	 	 	0.345	 	 	 	0.361	 
	15 months	 	 	0.130	 	 	 	0.164	 	 	 	0.197	 	 	 	0.230	 	 	 	0.262	 	 	 	0.291	 	 	 	0.317	 	 	 	0.342	 	 	 	0.361	 
	12 months	 	 	0.111	 	 	 	0.146	 	 	 	0.181	 	 	 	0.216	 	 	 	0.250	 	 	 	0.282	 	 	 	0.312	 	 	 	0.339	 	 	 	0.361	 
	9 months	 	 	0.090	 	 	 	0.125	 	 	 	0.162	 	 	 	0.199	 	 	 	0.237	 	 	 	0.272	 	 	 	0.305	 	 	 	0.336	 	 	 	0.361	 
	6 months	 	 	0.065	 	 	 	0.099	 	 	 	0.137	 	 	 	0.178	 	 	 	0.219	 	 	 	0.259	 	 	 	0.296	 	 	 	0.331	 	 	 	0.361	 
	3 months	 	 	0.034	 	 	 	0.065	 	 	 	0.104	 	 	 	0.150	 	 	 	0.197	 	 	 	0.243	 	 	 	0.286	 	 	 	0.326	 	 	 	0.361	 
	0 months	 	 	—	 	 	 	—	 	 	 	0.042	 	 	 	0.115	 	 	 	0.179	 	 	 	0.233	 	 	 	0.281	 	 	 	0.323	 	 	 	0.361	 

 

The
exact fair market value and redemption date may not be set forth in the table above, in which case, if the fair market value is between
two values in the table or the redemption date is between two redemption dates in the table, the number of shares of Class A common
stock to be issued for each warrant exercised will be determined by a straight-line interpolation between the number of shares set forth
for the higher and lower fair market values and the earlier and later redemption dates, as applicable, based on a 365 or 366-day year,
as applicable. For example, if the volume weighted average price of our Class A common stock during the 10 trading days immediately
following the date on which the notice of redemption is sent to the holders of the warrants is $11.00 per share, and at such time there
are 57 months until the expiration of the warrants, holders may choose to, in connection with this redemption feature, exercise their
warrants for 0.277 Class A common stock for each whole warrant. For an example where the exact fair market value and redemption
date are not as set forth in the table above, if the volume weighted average price of our Class common stock during the 10 trading
days immediately following the date on which the notice of redemption is sent to the holders of the warrants is $13.50 per share, and
at such time there are 38 months until the expiration of the warrants, holders may choose to, in connection with this redemption feature,
exercise their warrants for 0.298 Class A common stock for each whole warrant. In no event will the warrants be exercisable on a
cashless basis in connection with this redemption feature for more than 0.361 shares of Class A common stock per warrant (subject
to adjustment). Finally, as reflected in the table above, if the warrants are out of the money and about to expire, they cannot be exercised
on a cashless basis in connection with a redemption by us pursuant to this redemption feature, since they will not be exercisable for
any shares of Class A common stock.

 

    7

     

    

 

This
redemption feature differs from the typical warrant redemption features used in other blank check offerings, which typically only provide
for a redemption of warrants for cash (other than the placement warrants) when the trading price for the Class A common stock exceeds
$18.00 per share for a specified period of time. This redemption feature is structured to allow for all of the outstanding warrants to
be redeemed when the Class A common stock are trading at or above $10.00 per share, which may be at a time when the trading price
of our Class A common stock is below the exercise price of the warrants. We have established this redemption feature to provide
us with the flexibility to redeem the warrants without the warrants having to reach the $18.00 per share threshold set forth above under
“— Redemption of warrants when the price per share of Class A common stock equals or exceeds $18.00.” Holders
choosing to exercise their warrants in connection with a redemption pursuant to this feature will, in effect, receive a number of shares
for their warrants based on an option pricing model with a fixed volatility input. This redemption right provides us with an additional
mechanism by which to redeem all of the outstanding warrants, and therefore have certainty as to our capital structure as the warrants
would no longer be outstanding and would have been exercised or redeemed and we will be required to pay the redemption price to warrant
holders if we choose to exercise this redemption right and it will allow us to quickly proceed with a redemption of the warrants if we
determine it is in our best interest to do so. As such, we would redeem the warrants in this manner when we believe it is in our best
interest to update our capital structure to remove the warrants and pay the redemption price to the warrant holders.

 

As
stated above, we can redeem the warrants when the Class A common stock are trading at a price starting at $10.00, which is below
the exercise price of $11.50, because it will provide certainty with respect to our capital structure and cash position while providing
warrant holders with the opportunity to exercise their warrants on a cashless basis for the applicable number of shares. If we choose
to redeem the warrants when the Class A common stock are trading at a price below the exercise price of the warrants, this could
result in the warrant holders receiving fewer Class A common stock than they would have received if they had chosen to wait to exercise
their warrants for Class A common stock if and when such Class A common stock were trading at a price higher than the exercise
price of $11.50.

 

No
fractional Class A common stock will be issued upon exercise. If, upon exercise, a holder would be entitled to receive a fractional
interest in a share, we will round down to the nearest whole number of the number of Class A common stock to be issued to the holder.
If, at the time of redemption, the warrants are exercisable for a security other than the shares of Class A common stock pursuant
to the warrant agreement (for instance, if we are not the surviving company in our initial business combination), the warrants may be
exercised for such security. At such time as the warrants become exercisable for a security other than the Class A common stock,
the company (or surviving company) will use its commercially reasonable efforts to register under the Securities Act the security issuable
upon exercise of the warrants.

 

Redemption
Procedures

 

A
holder of a warrant may notify us in writing in the event it elects to be subject to a requirement that such holder will not have the
right to exercise such warrant, to the extent that after giving effect to such exercise, such person (together with such person’s
affiliates), to the warrant agent’s actual knowledge, would beneficially own in excess of 4.8% or 9.8% (or such other amount as
a holder may specify) of the shares of Class A common stock outstanding immediately after giving effect to such exercise.

 

    8

     

    

 

Anti-dilution
Adjustments

 

If
the number of outstanding shares of Class A common stock is increased by a stock dividend payable in shares of Class A common stock,
or by a split-up of shares of Class A common stock or other similar event, then, on the effective date of such stock dividend, split-up
or similar event, the number of shares of Class A common stock issuable on exercise of each warrant will be increased in proportion to
such increase in the outstanding shares of Class A common stock. A rights offering to holders of Class A common stock entitling holders
to purchase shares of Class A common stock at a price less than the fair market value will be deemed a stock dividend of a number of
shares of Class A common stock equal to the product of (i) the number of shares of Class A common stock actually sold in such rights
offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for Class
A common stock) multiplied by (ii) one (1) minus the quotient of (x) the price per share of Class A common stock paid in such rights
offering divided by (y) the fair market value. For these purposes (i) if the rights offering is for securities convertible into or exercisable
for Class A common stock, in determining the price payable for Class A common stock, there will be taken into account any consideration
received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) fair market value means the volume
weighted average price of Class A common stock as reported during the ten (10) trading day period ending on the trading day prior to
the first date on which the shares of Class A common stock trade on the applicable exchange or in the applicable market, regular way,
without the right to receive such rights.

 

In
addition, if we, at any time while the warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities
or other assets to the holders of Class A common stock on account of such shares of Class A common stock (or other shares of our capital
stock into which the warrants are convertible), other than (a) as described above, (b) certain ordinary cash dividends, (c) to satisfy
the redemption rights of the holders of Class A common stock in connection with a proposed initial business combination, (d) to satisfy
the redemption rights of the holders of Class A common stock in connection with a stockholder vote to amend our amended and restated
certificate of incorporation to modify the substance or timing of our obligation to redeem 100% of our Class A common stock if we do
not complete our initial business combination by December 28, 2022, or (e) in connection with the redemption of our public shares upon
our failure to complete our initial business combination, then the warrant exercise price will be decreased, effective immediately after
the effective date of such event, by the amount of cash and/or the fair market value of any securities or other assets paid on each share
of Class A common stock in respect of such event.

 

If
the number of outstanding shares of our Class A common stock is decreased by a consolidation, combination, reverse stock split or reclassification
of shares of Class A common stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock
split, reclassification or similar event, the number of shares of Class A common stock issuable on exercise of each warrant will be decreased
in proportion to such decrease in outstanding shares of Class A common stock.

 

Whenever
the number of shares of Class A common stock purchasable upon the exercise of the warrants is adjusted, as described above, the warrant
exercise price will be adjusted by multiplying the warrant exercise price immediately prior to such adjustment by a fraction (x) the
numerator of which will be the number of shares of Class A common stock purchasable upon the exercise of the warrants immediately prior
to such adjustment, and (y) the denominator of which will be the number of shares of Class A common stock so purchasable immediately
thereafter.

 

In
case of any reclassification or reorganization of the outstanding shares of Class A common stock (other than those described above or
that solely affects the par value of such shares of Class A common stock), or in the case of any merger or consolidation of us with or
into another corporation (other than a consolidation or merger in which we are the continuing corporation and that does not result in
any reclassification or reorganization of our outstanding shares of Class A common stock), or in the case of any sale or conveyance to
another corporation or entity of the assets or other property of us as an entirety or substantially as an entirety in connection with
which we are dissolved, the holders of the warrants will thereafter have the right to purchase and receive, upon the basis and upon the
terms and conditions specified in the warrants and in lieu of the shares of our Class A common stock immediately theretofore purchasable
and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property
(including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any
such sale or transfer, that the holder of the warrants would have received if such holder had exercised their warrants immediately prior
to such event. If less than 70% of the consideration receivable by the holders of Class A common stock in such a transaction is payable
in the form of common stock in the successor entity that is listed for trading on a national securities exchange or is quoted in an established
over-the-counter market, or is to be so listed for trading or quoted immediately following such event, and if the registered holder of
the warrant properly exercises the warrant within thirty days following public disclosure of such transaction, the warrant exercise price
will be reduced as specified in the warrant agreement based on the Black-Scholes value (as defined in the warrant agreement) of the warrant.
The purpose of such exercise price reduction is to provide additional value to holders of the warrants when an extraordinary transaction
occurs during the exercise period of the warrants pursuant to which the holders of the warrants otherwise do not receive the full potential
value of the warrants.

 

    9

     

    

 

The
warrants were issued in registered form under a warrant agreement between Continental Stock Transfer & Trust Company, as warrant
agent, and us. The warrant agreement provides that the terms of the warrants may be amended without the consent of any holder to cure
any ambiguity or correct any defective provision or to make any amendments that are necessary in the good faith determination of our
board of directors (taking into account then existing market precedents) to allow for the warrants to be classified as equity in our
financial statements, but requires the approval by the holders of at least 65% of the then outstanding public warrants to make any change
that adversely affects the interests of the registered holders of public warrants.

 

In
addition, if (x) we issue additional shares of Class A common stock or equity-linked securities for capital raising purposes in
connection with the closing of our initial business combination at an issue price or effective issue price of less than $9.20 per share
(with such issue price or effective issue price to be determined in good faith by us and in the case of any such issuance to our sponsors
or their affiliates, without taking into account any founder shares held by our initial stockholders or such affiliates, as applicable,
prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than
50% of the total equity proceeds, and interest thereon, available for the funding of our initial business combination on the date of
the completion of our initial business combination (net of redemptions), and (z) the volume-weighted average trading price of our
shares of Class A common stock during the 20 trading day period starting on the trading day prior to the day on which we complete our
initial business combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants
will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per
share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly
Issued Price and the $10.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to the higher of the
Market Value and the Newly Issued Price.

 

The
warrants may be exercised upon surrender of the warrant certificate on or prior to the expiration date at the offices of the warrant
agent, with the exercise form on the reverse side of the warrant certificate completed and executed as indicated, accompanied by full
payment of the exercise price (or on a cashless basis, if applicable), by certified or official bank check payable to us, for the number
of warrants being exercised. The warrant holders do not have the rights or privileges of holders of Class A common stock or any voting
rights until they exercise their warrants and receive shares of Class A common stock. After the issuance of shares of Class A common
stock upon exercise of the warrants, each holder will be entitled to one (1) vote for each share held of record on all matters to be
voted on by stockholders.

 

Warrants
may be exercised only for a whole number of shares of Class A common stock. No fractional shares will be issued upon exercise of the
warrants. If, upon exercise of the warrants, a holder would be entitled to receive a fractional interest in a share, we will, upon exercise,
round down to the nearest whole number of shares of Class A common stock to be issued to the warrant holder. As a result, warrant
holders not purchasing an even number of warrants must sell any odd number of warrants in order to obtain full value from the fractional
interest that will not be issued.

 

    10

     

    

 

Placement
Warrants 

 

The
placement warrants (including the warrants included in the units that may be issued upon conversion of working capital loans and the
Class A common stock issuable upon exercise of the placement warrants) are not transferable, assignable or salable until 30 days after
the completion of our initial business combination (subject to limited exceptions) and they are not redeemable by us so long as they
are held by our sponsor, Cantor Fitzgerald or their permitted transferees. Otherwise, the placement warrants have terms and provisions
that are identical to those of the warrants sold as part of the units in the initial public offering, including as to exercise price,
exercisability and exercise period. If the placement warrants are held by holders other than the sponsor, Cantor Fitzgerald or their
permitted transferees, the placement warrants will be redeemable by us and exercisable by the holders on the same basis as the warrants
included in the units sold in the initial public offering. Each of the warrants included in the units that may be issued upon conversion
of working capital loans shall be identical to the placement warrants. In addition, for as long as placement warrants are held by Cantor
Fitzgerald and/or its designees or affiliates, such placement warrants will be subject to a lock-up in compliance with FINRA Rule 5110(e)
and may not be exercised after five years from the commencement of sales of the initial public offering in accordance with FINRA Rule 5110(g)(8)(A).

 

If
holders of the placement warrants elect to exercise them on a cashless basis, they would pay the exercise price by surrendering their
warrants for that number of shares of Class A common stock equal to the quotient obtained by dividing (x) the product of the number of
shares of Class A common stock underlying the warrants, multiplied by the excess of the “fair market value” (defined below)
over the exercise price of the warrants by (y) the fair market value. The “fair market value” shall mean the average last
reported sale price of the Class A common stock for the 10 trading days ending on the third trading day prior to the date on which the
notice of warrant exercise is sent to the warrant agent.

 

In
order to finance transaction costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor
or certain of our officers and directors may, but are not obligated to, loan us funds as may be required. Such loans may be convertible
into units, at a price of $10.00 per unit at the option of the lender. The units would be identical to the placement units.

 

Our
Amended and Restated Certificate of Incorporation

 

Our
amended and restated certificate of incorporation contains requirements and restrictions relating to the initial public offering that
will apply to us until the consummation of our initial business combination. These provisions cannot be amended without the approval
of the holders of 65% of our common stock. Our initial stockholders will participate in any vote to amend our amended and restated certificate
of incorporation and will have the discretion to vote in any manner they choose. Specifically, our amended and restated certificate of
incorporation provides, among other things, that:

 

		●	if
                                            we are unable to consummate our initial business combination by December 28, 2022, we will
                                            (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably
                                            possible but not more than ten business days thereafter, subject to lawfully available funds
                                            therefor, redeem 100% of the public shares, at a per-share price, payable in cash, equal
                                            to the aggregate amount then on deposit in the trust account including interest earned on
                                            funds held in the trust account and not previously released to us to pay our taxes (less
                                            up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding
                                            public shares, which redemption will completely extinguish public stockholders’ rights
                                            as stockholders (including the right to receive further liquidating distributions, if any),
                                            subject to applicable law, and (iii) as promptly as reasonably possible following such redemption,
                                            subject to the approval of our remaining stockholders and our board of directors, dissolve
                                            and liquidate, subject in each case to our obligations under Delaware law to provide for
                                            claims of creditors and the requirements of other applicable law;

 

		●	prior
                                            to our initial business combination, we may not issue additional shares of capital stock
                                            that would entitle the holders thereof to (i) receive funds from the trust account or (ii)
                                            vote on any initial business combination;

 

    11

     

    

 

		●	although
                                            we do not intend to enter into a business combination with a target business that is affiliated
                                            with our sponsor, our directors or our officers, we are not prohibited from doing so. In
                                            the event we enter into such a transaction, we, or a committee of independent directors,
                                            will obtain an opinion from an independent investment banking firm that is a member of FINRA
                                            or an independent accounting firm, that such a business combination is fair to our company
                                            from a financial point of view;

		 	 

		●	if
                                            a stockholder vote on our initial business combination is not required by law and we do not
                                            decide to hold a stockholder vote for business or other legal reasons, we will offer to redeem
                                            our public shares pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, and will
                                            file tender offer documents with the SEC prior to consummating our initial business combination
                                            which contain substantially the same financial and other information about our initial business
                                            combination and the redemption rights as is required under Regulation 14A of the Exchange
                                            Act;

		 	 

		●	Our
                                            initial business combination must occur with one or more target businesses that together
                                            have an aggregate fair market value of at least 80% of our assets held in the trust account
                                            (excluding the deferred underwriting commissions and taxes payable on the income earned on
                                            the trust account) at the time of the agreement to enter into the initial business combination;

		 	 

		●	if
                                            our stockholders approve an amendment to our amended and restated certificate of incorporation
                                            (i) to modify the substance or timing of our obligation to redeem 100% of our public shares
                                            if we do not complete our business combination by December 28, 2022 or (ii) with respect
                                            to any other provisions relating to stockholders’ rights or pre-initial business combination
                                            activity, we will provide our public stockholders with the opportunity to redeem all or a
                                            portion of their shares of Class A common stock upon such approval at a per-share price,
                                            payable in cash, equal to the aggregate amount then on deposit in the trust account, including
                                            interest earned on the funds held in the trust account and not previously released to us
                                            to pay our taxes, divided by the number of then outstanding public shares; and

		 	 

		●	we
                                            will not consummate our initial business combination with another blank check company or
                                            a similar company with nominal operations.

 

In
addition, our amended and restated certificate of incorporation provides that under no circumstances will we redeem our public shares
in an amount that would cause our net tangible assets to be less than $5,000,001 upon consummation of our initial business combination.

 

Certain
Anti-Takeover Provisions of Delaware Law and our Amended and Restated Certificate of Incorporation and Bylaws

 

We
are subject to the provisions of Section 203 of the DGCL regulating corporate takeovers. This statute prevents certain Delaware corporations,
under certain circumstances, from engaging in a “business combination” with:

 

		●	a
                                            stockholder who owns 15% or more of our outstanding voting stock (otherwise known as an “interested
                                            stockholder”);

 

		●	an
                                            affiliate of an interested stockholder; or

		 	 

		●	an
                                            associate of an interested stockholder, for three years following the date that the stockholder
                                            became an interested stockholder.

		 	 

A
“business combination” includes a merger or sale of more than 10% of our assets. However, the above provisions of Section
203 do not apply if:

		 	 

		●	our
                                            board of directors approves the transaction that made the stockholder an “interested
                                            stockholder,” prior to the date of the transaction;

 

    12

     

    

 

		●	after
                                            the completion of the transaction that resulted in the stockholder becoming an interested
                                            stockholder, that stockholder owned at least 85% of our voting stock outstanding at the time
                                            the transaction commenced, other than statutorily excluded shares of common stock; or

		 	 

		●	on
                                            or subsequent to the date of the transaction, the business combination is approved by our
                                            board of directors and authorized at a meeting of our stockholders, and not by written consent,
                                            by an affirmative vote of at least two-thirds of the outstanding voting stock not owned by
                                            the interested stockholder.

 

Our
amended and restated certificate of incorporation provides that our board of directors is classified into two classes of directors. As
a result, in most circumstances, a person can gain control of our board only by successfully engaging in a proxy contest at two or more
annual meetings.

 

Our
authorized but unissued common stock and preferred stock are available for future issuances without stockholder approval (including a
specified future issuance) and could be utilized for a variety of corporate purposes, including future offerings to raise additional
capital, acquisitions and employee benefit plans. The existence of authorized but unissued and unreserved common stock and preferred
stock could render more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger
or otherwise.

 

Exclusive
forum for certain lawsuits

 

Our
amended and restated certificate of incorporation requires, to the fullest extent permitted by law, that derivative actions brought in
our name, actions against directors, officers and employees for breach of fiduciary duty and other similar actions may be brought only
in the Court of Chancery in the State of Delaware, except any action (A) as to which the Court of Chancery in the State of Delaware determines
that there is an indispensable party not subject to the jurisdiction of the Court of Chancery (and the indispensable party does not consent
to the personal jurisdiction of the Court of Chancery within ten days following such determination), (B) which is vested in the exclusive
jurisdiction of a court or forum other than the Court of Chancery, or (C) for which the Court of Chancery does not have subject matter
jurisdiction. If an action is brought outside of Delaware, the stockholder bringing the suit will be deemed to have consented to service
of process on such stockholder’s counsel. Although we believe this provision benefits us by providing increased consistency in
the application of Delaware law in the types of lawsuits to which it applies, a court may determine that this provision is unenforceable,
and to the extent it is enforceable, the provision may have the effect of discouraging lawsuits against our directors and officers.

 

Our
amended and restated certificate of incorporation provides that the exclusive forum provision is applicable to the fullest extent permitted
by applicable law, subject to certain exceptions. Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits
brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder. As a result, the exclusive
forum provision will not apply to suits brought to enforce any duty or liability created by the Exchange Act or any other claim for which
the federal courts have exclusive jurisdiction. In addition, our amended and restated certificate of incorporation provides that, unless
we consent in writing to the selection of an alternative forum, the federal district courts of the United States of America shall,
to the fullest extent permitted by law, be the exclusive forum for the resolution of any complaint asserting a cause of action arising
under the Securities Act or the rules and regulations promulgated thereunder. We note, however, that there is uncertainty as to whether
a court would enforce this provision and that investors cannot waive compliance with the federal securities laws and the rules and regulations
thereunder.

 

Special
meeting of stockholders

 

Our
bylaws provide that special meetings of our stockholders may be called only by a majority vote of our board of directors, by our Chief
Executive Officer or by our Chairman.

 

Advance
notice requirements for stockholder proposals and director nominations

 

Our
bylaws provide that stockholders seeking to bring business before our annual meeting of stockholders, or to nominate candidates for election
as directors at our annual meeting of stockholders, must provide timely notice of their intent in writing. To be timely, a stockholder’s
notice will need to be received by the company secretary at our principal executive offices not later than the close of business on the
90th day nor earlier than the close of business on the 120th day prior to the anniversary date of the
immediately preceding annual meeting of stockholders. Pursuant to Rule 14a-8 of the Exchange Act, proposals seeking inclusion in
our annual proxy statement must comply with the notice periods contained therein. Our bylaws also specify certain requirements as to
the form and content of a stockholders’ meeting. These provisions may preclude our stockholders from bringing matters before our
annual meeting of stockholders or from making nominations for directors at our annual meeting of stockholders.

 

    13

     

    

 

Action
by written consent

 

Any
action required or permitted to be taken by our common stockholders must be effected by a duly called annual or special meeting of such
stockholders and may not be effected by written consent of the stockholders other than with respect to our Class B common stock.

 

Classified
Board of Directors

 

Our
board of directors is divided into two classes, Class I and Class II, with members of each class serving staggered two-year terms.
Our amended and restated certificate of incorporation provides that the authorized number of directors may be changed only by resolution
of the board of directors. Subject to the terms of any preferred stock, any or all of the directors may be removed from office at any
time, but only for cause and only by the affirmative vote of holders of a majority of the voting power of all then outstanding shares
of our capital stock entitled to vote generally in the election of directors, voting together as a single class. Any vacancy on our board
of directors, including a vacancy resulting from an enlargement of our board of directors, may be filled only by vote of a majority of
our directors then in office.

 

Class
B Common Stock Consent Right

 

For
so long as any shares of Class B common stock remain outstanding, we may not, without the prior vote or written consent of the holders
of a majority of the shares of Class B common stock then outstanding, voting separately as a single class, amend, alter or repeal any
provision of our amended and restated certificate of incorporation, whether by merger, consolidation or otherwise, if such amendment,
alteration or repeal would alter or change the powers, preferences or relative, participating, optional or other or special rights of
the Class B common stock. Any action required or permitted to be taken at any meeting of the holders of Class B common stock may be taken
without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall
be signed by the holders of the outstanding Class B common stock having not less than the minimum number of votes that would be necessary
to authorize or take such action at a meeting at which all shares of Class B common stock were present and voted.EX-4.1

 Exhibit 4.1 

Execution Version 

BOARDWALK PIPELINES, LP 

as Issuer 
 BOARDWALK
PIPELINE PARTNERS, LP 
 as Guarantor 

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

$500,000,000 
 3.600%
SENIOR NOTES DUE 2032 
 NINTH SUPPLEMENTAL INDENTURE 

Dated as of February 16, 2022 

to 
 INDENTURE 

Dated as of August 21, 2009 

 TABLE OF CONTENTS 

 

							
	 ARTICLE I ESTABLISHMENT OF NEW SERIES
	  	 	1	 
			
	 Section 1.01
	 	Establishment of New Series	  	 	1	 
		
	 ARTICLE II DEFINITIONS
	  	 	2	 
			
	 Section 2.01
	 	Definitions	  	 	2	 
		
	 ARTICLE III THE NOTES
	  	 	4	 
			
	 Section 3.01
	 	Form	  	 	4	 
	 Section 3.02
	 	Issuance of Additional Notes	  	 	4	 
	 Section 3.03
	 	Transfer of Notes	  	 	5	 
	 Section 3.04
	 	Global Securities Legend	  	 	5	 
		
	 ARTICLE IV REDEMPTION
	  	 	5	 
			
	 Section 4.01
	 	Optional Redemption	  	 	5	 
	 Section 4.02
	 	Mandatory Redemption	  	 	6	 
		
	 ARTICLE V ADDITIONAL COVENANTS
	  	 	6	 
			
	 Section 5.01
	 	Additional Covenants	  	 	6	 
		
	 ARTICLE VI ADDITIONAL AMENDMENTS TO THE BASE INDENTURE
	  	 	10	 
			
	 Section 6.01
	 	Amendment to Section 11.02(b)	  	 	10	 
		
	 ARTICLE VII MISCELLANEOUS
	  	 	11	 
			
	 Section 7.01
	 	Integral Part	  	 	11	 
	 Section 7.02
	 	Adoption, Ratification and Confirmation	  	 	11	 
	 Section 7.03
	 	Counterparts	  	 	11	 
	 Section 7.04
	 	Governing Law	  	 	11	 
	 Section 7.05
	 	Trustee Makes No Representation	  	 	11	 
	 Section 7.06
	 	Electronic Signatures	  	 	11	 

  
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 NINTH SUPPLEMENTAL INDENTURE dated as of February 16, 2022 (this “Ninth
Supplemental Indenture”) among Boardwalk Pipelines, LP, a Delaware limited partnership (the “Partnership” or the “Issuer”), Boardwalk Pipeline Partners, LP, a Delaware limited
partnership (together with its successors, the “Guarantor”), and The Bank of New York Mellon Trust Company, N.A., a national banking association, as trustee (the “Trustee”). 

WITNESSETH: 
 WHEREAS, the
Issuer and the Guarantor have heretofore entered into an Indenture, dated as of August 21, 2009 (the “Original Indenture”), with The Bank of New York Mellon Trust Company, N.A., as trustee; 

WHEREAS, the Issuer, the Guarantor and the Trustee have executed and delivered to the Trustee a Third Supplemental Indenture, dated as of
April 18, 2013, to amend the Original Indenture by amending and restating Section 14.04 thereof; 
 WHEREAS, the Original
Indenture, as amended by the Third Supplemental Indenture, shall be referred to herein as the “Base Indenture”; 

WHEREAS, pursuant to Section 9.01(k) of the Base Indenture, the Issuer proposes to supplement the Base Indenture to establish the form
and terms of a new series of Debt Securities pursuant to this Ninth Supplemental Indenture as permitted by Sections 2.01 and 2.03 of the Base Indenture; 

WHEREAS, the Base Indenture, as supplemented pursuant to this Ninth Supplemental Indenture, is herein called the
“Indenture”; 
 WHEREAS, the Issuer proposes that its obligations under such new series of Debt Securities and under
the Indenture to the extent applicable to such new series of Debt Securities be guaranteed by the Guarantor in accordance with the provisions of the Indenture (including without limitation Article XIV of the Base Indenture and the provisions of
this Ninth Supplemental Indenture); and 
 WHEREAS, all conditions necessary to authorize the execution and delivery of this Ninth
Supplemental Indenture and to make it a valid and binding obligation of the Issuer and the Guarantor have been done or performed; 
 NOW,
THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I 

ESTABLISHMENT OF NEW SERIES 

Section 1.01 Establishment of New Series. There is hereby established a
new series of Debt Securities to be issued under the Indenture, designated as the Issuer’s 3.600% Senior Notes due 2032 (the “Notes”). 

  
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 (a) There are to be authenticated and delivered $500,000,000 principal
amount of Notes on the Issue Date, and from time to time thereafter there may be authenticated and delivered an unlimited principal amount of Additional Notes. 

(b) The Notes shall be issued initially in the form of one or more Global Securities in substantially the form attached as
Exhibit A hereto. The Depositary with respect to the Notes shall be The Depository Trust Company. 

(c) Each Note shall be dated the date of authentication thereof and shall bear interest as provided in paragraph 1 of the form
of Note attached as Exhibit A hereto. 
 (d) If and to the extent that the provisions of the Base
Indenture are duplicative of, or in contradiction with, the provisions of this Ninth Supplemental Indenture, the provisions of this Ninth Supplemental Indenture shall govern. 

(e) Article XIV of the Base Indenture shall apply to the Notes, and the Notes are hereby designated to be entitled to the
benefits of the Guarantee of the Guarantor. For the purposes of this Ninth Supplemental Indenture and the Notes (including, without limitation, the provisions of the Base Indenture to the extent applicable thereto), the term
“Guarantor” shall mean Boardwalk Pipeline Partners, LP, a Delaware limited partnership, and its successors. 

ARTICLE II 

DEFINITIONS 

Section 2.01 Definitions. All capitalized terms used herein and not
otherwise defined below shall have the meanings ascribed thereto in the Base Indenture. The following are additional definitions used in this Ninth Supplemental Indenture: 

“Additional Notes” has the meaning assigned to such term in Section 3.02 hereof. 

“Attributable Debt” means, with respect to any sale and lease-back transaction as of any particular time, the present
value discounted at a rate of interest implicit in the terms of the lease of the obligations of the lessee under such lease for net rental payments during the remaining term of the lease (including any period for which such lease has been extended
or may, at the option of the lessee, be extended). 
 “Base Indenture” has the meaning assigned to such term in the
recitals hereto. 
 “Consolidated Funded Indebtedness” means the aggregate of all Outstanding Funded Indebtedness of
the Issuer and its consolidated Subsidiaries, determined on a consolidated basis in accordance with generally accepted accounting principles. 

“Consolidated Net Tangible Assets” means the total assets appearing on a consolidated balance sheet of a Person and
its consolidated Subsidiaries less: (1) intangible assets; (2) current and accrued liabilities (other than Consolidated Funded Indebtedness and capitalized rentals or leases), deferred credits, deferred gains and deferred income; and
(3) reserves. 

  
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 “Electronic Means” shall mean the following communications methods: e-mail, facsimile transmission, secure electronic transmission containing applicable authorization codes, passwords and/or authentication keys issued by the Trustee, or another method or system specified by the
Trustee as available for use in connection with its services hereunder. 
 “Funded Indebtedness” means any
Indebtedness that matures more than one year after the date as of which Funded Indebtedness is being determined less any such Indebtedness as will be retired through or by means of any deposit or payment required to be made within one year from such
date under any prepayment provision, sinking fund, purchase fund, or otherwise. 
 “Guarantor” has the meaning
assigned to such term in the preamble hereto. 
 “Indebtedness” means indebtedness that is for money borrowed from
others. 
 “Indenture” has the meaning assigned to such term in the recitals hereto. 

“Issue Date” means February 16, 2022. 

“Issuer” has the meaning assigned to such term in the preamble hereto and includes any successor thereto. 

“Notes” has the meaning assigned to such term in Section 1.01 hereof. 

“Original Indenture” has the meaning assigned to such term in the recitals hereto. 

“Par Call Date” means June 1, 2032. 

“Principal Property” means any natural gas or natural gas liquids pipeline, gathering or storage property or facility
located in the United States, except any such property that in the opinion of the Board of Directors is not of material importance to the total business conducted by the Issuer and its consolidated Subsidiaries. 

“Treasury Rate” means, with respect to any Redemption Date, the yield determined by the Issuer in accordance with the
following two paragraphs: 
 The Treasury Rate shall be determined by the Issuer after 4:15 p.m., New York City time (or after such time as
yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the Redemption Date based upon the yield or yields for the most recent day that appear after such
time on such day 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 designation or publication)
(“H.15”) under the caption “U.S. government securities–Treasury constant maturities–Nominal” (or any successor caption or heading). In determining the Treasury Rate, the Issuer shall select, as applicable: (1) the
yield for the Treasury constant maturity on H.15 exactly equal to the period from the Redemption Date to the Par Call Date (the “Remaining Life”); or (2) if there is no such Treasury constant maturity on H.15 exactly equal to the
Remaining Life, the two yields – one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on H.15 immediately

  
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longer than the Remaining Life – and shall interpolate to the Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three
decimal places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this
paragraph, the applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable, of such Treasury constant maturity from the Redemption Date. 

If on the third Business Day preceding the Redemption Date H.15 or any successor designation or publication is no longer published, the Issuer
shall calculate the Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such Redemption Date of the United States Treasury security
maturing on, or with a maturity that is closest to, the Par Call Date, as applicable. If there is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury securities with a maturity date
equally distant from the Par Call Date, one with a maturity date preceding the Par Call Date and one with a maturity date following the Par Call Date, the Issuer shall select the United States Treasury security with a maturity date preceding the Par
Call Date. If there are two or more United States Treasury securities maturing on the Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Issuer shall select from among these two or more
United States Treasury securities the United States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In determining the
Treasury Rate in accordance with the terms of this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal
amount) at 11:00 a.m., New York City time, of such United States Treasury security, and rounded to three decimal places. 

“Trustee” has the meaning assigned to such term in the preamble hereto. 

ARTICLE III 
 THE
NOTES 
 Section 3.01 Form. The Notes shall be issued in the form of
one or more Global Securities, and the Notes (including the notation of guarantee) and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A hereto, the terms of which are
incorporated in and made a part of this Ninth Supplemental Indenture, and the Issuer, the Guarantor and the Trustee, by their execution and delivery of this Ninth Supplemental Indenture, expressly agree to such terms and provisions and to be bound
thereby. 
 Section 3.02 Issuance of Additional Notes. The
Issuer may, from time to time, issue an unlimited amount of additional Notes (“Additional Notes”) under the Indenture, which shall be issued in the same form as the Notes issued on the Issue Date and which shall have
identical terms as the Notes issued on the Issue Date other than with respect to the issue date, issue price and first payment of interest. The Notes issued on the Issue Date shall be limited in aggregate principal amount to $500,000,000. The Notes
issued on the Issue Date and any Additional Notes subsequently issued shall be treated as a single series for purposes of notices, consents, waivers, amendments and any other actions permitted under the Indenture and for purposes of interest accrual
and redemptions. 

  
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 Section 3.03 Transfer of
Notes. When Notes are presented to the Registrar with the request to register the transfer of such Notes or exchange such Notes for an equal principal amount of Notes of other authorized denominations, the Registrar
shall register the transfer or make the exchange in accordance with Article II of the Base Indenture. 

Section 3.04 Global Securities Legend. Each security certificate
evidencing the Global Securities shall bear a legend substantially in the form set forth in Section 2.15(b) of the Base Indenture. 

ARTICLE IV 

REDEMPTION 

Section 4.01 Optional Redemption. 

(a) Prior to the Par Call Date, the Issuer may redeem the Notes at its option, in whole or in part, at any time and from time
to time, at a redemption price equal to the greater of: 
  

	 	(1)	 (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon
discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate plus 30 basis points less (b) interest accrued to the Redemption Date; and 

  

	 	(2)	 100% of the principal amount of the Notes to be redeemed, 

plus, in either case, accrued and unpaid interest thereon to the Redemption Date. 

(b) On or after the Par Call Date, the Issuer may redeem the Notes, in whole or in part, at any time and from time to time, at
a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date (subject to the right of Holders on the relevant record date to receive interest due on the relevant
interest payment date). 
 (c) Notwithstanding any contrary provisions in Sections 3.02 or 3.03 of the Base Indenture: 

(A) Any notice of redemption of the Notes shall be given not less than 10 days nor more than 60 days prior to the date fixed
for redemption, otherwise in accordance with the Base Indenture. 

  
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 (B) Any redemption of the Notes may, at the Issuer’s discretion, be
conditioned on the satisfaction or waiver of one or more conditions, including a sale of securities or other financing, in each case as specified in the notice of redemption in reasonable detail. A notice of conditional redemption will be of no
effect unless all conditions to the redemption have occurred on or before the Redemption Date or have been waived by the Issuer on or before the Redemption Date. The Issuer shall provide notice of any waiver of a condition or failure to meet such
conditions no later than the Redemption Date. 
 (d) Except as provided above, any redemption of the Notes shall be made
pursuant to the provisions of Sections 3.01 through 3.03 of the Base Indenture. The actual redemption price, calculated as provided in this Section 4.01 and paragraph 5 of the form of Note attached as
Exhibit A hereto, shall be certified in writing to the Trustee by the Issuer no later than the Redemption Date. 

(e) The Issuer’s actions and determinations in determining the redemption price shall be conclusive and binding for all
purposes, absent manifest error. 
 Section 4.02 Mandatory Redemption. The
Issuer shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes and shall have no obligation to repurchase any Notes at the option of the Holders. 

ARTICLE V 

ADDITIONAL COVENANTS 

Section 5.01 Additional Covenants. Article IV of the Base Indenture is
hereby supplemented, but only in relation to the Notes, by the addition of the following new Sections at the end of Article IV: 

“Section 4.10. Limitations upon Liens. After the date hereof and so long as any Notes are Outstanding, the
Issuer will not, and will not permit any Subsidiary of the Issuer to, issue, assume or guarantee any Indebtedness secured by a mortgage, pledge, lien, security interest or encumbrance (any mortgage, pledge, lien, security interest or encumbrance
being hereinafter in this Article IV referred to as a “mortgage” or “mortgages” or as a “lien” or “liens”) of, or upon, any property of the Issuer
or of any Subsidiary of the Issuer, without effectively providing that the Notes shall be equally and ratably secured with such Indebtedness; provided, however, that the foregoing restriction shall not apply to: 

(a) any purchase money mortgage created by the Issuer or a Subsidiary of the Issuer to secure all or part of the purchase price
of any property (or to secure a loan made to enable the Issuer or a Subsidiary of the Issuer to acquire the property described in such mortgage), provided that the principal amount of the Indebtedness secured by any such mortgage, together
with all other Indebtedness secured by a mortgage on such property, shall not exceed the purchase price of the property acquired; 

(b) any mortgage existing on any property at the time of the acquisition thereof by the Issuer or a Subsidiary of the Issuer
whether or not assumed by the Issuer or a Subsidiary of the Issuer, and any mortgage on any property acquired or constructed by the Issuer or a Subsidiary of the Issuer and created not later than 12 months after (i) completion of such
acquisition or construction or (ii) commencement of full operation of such property, whichever is later; provided, however, that, if assumed or created by the Issuer or a Subsidiary of the Issuer, the principal amount of the
Indebtedness secured by such mortgage, together with all other Indebtedness secured by a mortgage on such property, shall not exceed the purchase price of the property acquired and/or the cost of the property constructed; 

  
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 (c) any mortgage created or assumed by the Issuer or a Subsidiary of the
Issuer on any contract for the sale of any product or service or any rights thereunder or any proceeds therefrom, including accounts and other receivables, related to the operation or use of any property acquired or constructed by the Issuer or a
Subsidiary of the Issuer and created not later than 12 months after (i) completion of such acquisition or construction or (ii) commencement of full operation of such property, whichever is later; 

(d) any mortgage existing on any property of a Subsidiary of the Issuer at the time it becomes a Subsidiary of the Issuer and
any mortgage on property existing at the time of acquisition thereof; 
 (e) any refunding or extension of maturity, in whole
or in part, of any mortgage created or assumed in accordance with the provisions of subdivision (a), (b), (c) or (d) above or (o), (p), or (y) below, provided that the principal amount of the Indebtedness secured by such refunding
mortgage or extended mortgage shall not exceed the principal amount of the Indebtedness secured by the mortgage to be refunded or extended outstanding at the time of such refunding or extension and that such refunding mortgage or extended mortgage
shall be limited in lien to the same property that secured the mortgage so refunded or extended; 
 (f) any mortgage created
or assumed by the Issuer or a Subsidiary of the Issuer to secure loans to the Issuer or a Subsidiary of the Issuer maturing within 12 months of the date of creation thereof and not renewable or extendable by the terms thereof at the option of
the obligor beyond such 12 months, and made in the ordinary course of business; 
 (g) mechanics’ or
materialmen’s liens or any lien or charge arising by reason of pledges or deposits to secure payment of workmen’s compensation or other insurance, good faith deposits in connection with tenders or leases of real estate, bids or contracts
(other than contracts for the payment of money), deposits to secure public or statutory obligations, deposits to secure or in lieu of surety, stay or appeal bonds and deposits as security for the payment of taxes or assessments or other similar
charges; 
 (h) any mortgage arising by reason of deposits with or the giving of any form of security to any governmental
agency or any body created or approved by law or governmental regulation for any purpose at any time as required by law or governmental regulation as a condition to the transaction of any business or the exercise of any privilege or license, or to
enable the Issuer or a Subsidiary of the Issuer to maintain self-insurance or to participate in any fund for liability on any insurance risks or in connection with workmen’s compensation, unemployment insurance, old age pensions or other social
security or to share in the privileges or benefits required for companies participating in such arrangements; 

  
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 (i) mortgages upon rights-of-way; 
 (j) undetermined mortgages and charges incidental to construction
or maintenance; 
 (k) the right reserved to, or vested in, any municipality or governmental or other public authority or
railroad by the terms of any right, power, franchise, grant, license, permit or by any provision of law, to terminate or to require annual or other periodic payments as a condition to the continuance of such right, power, franchise, grant, license
or permit; 
 (l) the lien of taxes and assessments which are not at the time delinquent; 

(m) the lien of specified taxes and assessments which are delinquent but the validity of which is being contested in good faith
at the time by the Issuer or a Subsidiary of the Issuer; 
 (n) the lien reserved in leases for rent and for compliance with
the terms of the lease in the case of leasehold estates; 
 (o) defects and irregularities in the titles to any property
(including rights-of-way and easements) which are not material to the business of the Issuer and its Subsidiaries considered as a whole; 

(p) any mortgages securing Indebtedness neither assumed nor guaranteed by the Issuer or a Subsidiary of the Issuer nor on which
the Issuer or such Subsidiary customarily pays interest, existing upon real estate or rights in or relating to real estate (including rights-of-way and easements)
acquired by the Issuer or a Subsidiary of the Issuer, which mortgages do not materially impair the use of such property for the purposes for which it is held by the Issuer or such Subsidiary; 

(q) easements, exceptions or reservations in any property of the Issuer or a Subsidiary of the Issuer granted or reserved for
the purpose of pipelines, roads, telecommunication equipment and cable, streets, alleys, highways, railroad purposes, the removal of oil, gas, coal or other minerals or timber, and other like purposes, or for the joint or common use of real
property, facilities and equipment, which do not materially impair the use of such property for the purposes for which it is held by the Issuer or such Subsidiary; 

(r) rights reserved to or vested in any municipality or public authority to control or regulate any property of the Issuer or a
Subsidiary of the Issuer, or to use such property in any manner which does not materially impair the use of such property for the purposes for which it is held by the Issuer or such Subsidiary; 

(s) any obligations or duties, affecting the property of the Issuer or a Subsidiary of the Issuer, to any municipality or
public authority with respect to any franchise, grant, license or permit; 

  
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 (t) the liens of any judgments in an aggregate amount not in excess of
$2,000,000 or the lien of any judgment the execution of which has been stayed or which has been appealed and secured, if necessary, by the filing of an appeal bond; 

(u) zoning laws and ordinances; 

(v) any mortgage existing on any office equipment, data processing equipment (including computer and computer peripheral
equipment) or transportation equipment (including motor vehicles, aircraft and marine vessels); 
 (w) leases now or
hereafter existing and any renewals or extensions thereof; 
 (x) any lien on inventory and receivables incurred in the
ordinary course of business to secure Indebtedness incurred for working capital purposes including liens incurred in connection with a sale of receivables; and 

(y) any mortgage not permitted by clauses (a) through (x) above if at the time of, and after giving effect to, the
creation or assumption of any such mortgage, the aggregate amount of all mortgages not permitted by clauses (a) through (x) above, together with the total consolidated Attributable Debt in respect of Sale and Lease-Back Transactions
permitted by Section 4.11(a) hereof, does not exceed 10% of Consolidated Net Tangible Assets of the Issuer. 
 In
the event that the Issuer or a Subsidiary of the Issuer shall hereafter secure the Notes equally and ratably with any other obligation or Indebtedness pursuant to the provision of this Section 4.10, the Trustee is hereby
authorized to enter into an indenture supplemental hereto and to take such action, if any, as it may deem advisable to enable it to enforce effectively the rights of the Holders of the Notes so secured, equally and ratably with such other obligation
or Indebtedness. 
 The Trustee, at its request, shall be provided with an Opinion of Counsel as conclusive evidence that any such
supplemental indenture or steps taken to secure the Notes equally and ratably comply with the provisions of this Section 4.10. 

Section 4.11 Limitations on Sale and Lease-Back Transactions. The Issuer will not, and will not permit any of
its Subsidiaries to, enter into any arrangement with any Person providing for the lease by the Issuer or a Subsidiary of the Issuer of any Principal Property, acquired or placed into service more than 180 days prior to such arrangement (except
for leases of three years or less), whereby such property has been or is to be sold or transferred by the Issuer or any Subsidiary of the Issuer to such Person (herein referred to as a “Sale and Lease-Back Transaction”), unless:

 (a) the Issuer or such Subsidiary would, at the time of entering into a Sale and Lease-Back Transaction, be entitled to
incur Indebtedness secured by a mortgage on such Principal Property to be leased in a principal amount at least equal to the Attributable Debt in respect of such transaction without equally and ratably securing the Notes pursuant to
Section 4.10 hereof; or 

  
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 (b) the Issuer shall covenant that it will apply an amount equal to the net
proceeds from the sale of the Principal Property so leased to the retirement (other than any mandatory retirement) of its Funded Indebtedness within 90 days of the effective date of any such Sale and Lease-Back Transaction, provided that
the amount to be applied to the retirement of Funded Indebtedness of the Issuer shall be reduced by (i) the principal amount of any Notes delivered by the Issuer to the Trustee within 90 days after such Sale and Lease-Back Transaction for
retirement and cancellation, and (ii) the principal amount of Funded Indebtedness, other than Notes, voluntarily retired by the Issuer within 90 days following such Sale and Lease-Back Transaction, and provided, further, that
the covenant contained in this Section 4.11 shall not apply to, and there shall be excluded from Attributable Debt in any computation under this Section 4.11, Attributable Debt with respect to any
Sale and Lease-Back Transaction if: 
 (A) such Sale and Lease-Back Transaction is entered into in connection with
transactions which are part of an industrial development or pollution control financing, or 
 (B) the only parties involved
in such Sale and Lease-Back Transaction are the Issuer and any Subsidiary or Subsidiaries of the Issuer. 
 Notwithstanding these restrictions on Sale and
Lease-Back Transactions, the Issuer and its Subsidiaries may enter into, create, assume and suffer to exist Sale and Lease-Back Transactions, not otherwise permitted hereby, if at the time of, and after giving effect to, such Sale and Lease-Back
Transactions, the total consolidated Attributable Debt of the Issuer and its Subsidiaries in respect of such Sale and Lease-Back Transactions, together with mortgages incurred pursuant to Section 4.10(y) hereof, does not
exceed 10% of Consolidated Net Tangible Assets of the Issuer.” 
 ARTICLE VI 

ADDITIONAL AMENDMENTS TO THE BASE INDENTURE 

Section 6.01 Amendment to Section 11.02(b). Only
in relation to the Notes, the first paragraph of Section 11.02(b) of the Base Indenture is hereby amended and restated in its entirety to read as follows: 

“(b) Subject to Sections 11.02(c), 11.03 and 11.07, the Partnership at any time may terminate, with respect to Debt Securities of a
particular series, all its obligations under the Debt Securities of such series and this Indenture with respect to the Debt Securities of such series (“legal defeasance option”) or the operation of: (i) Article X;
(ii) any covenant made applicable to such Debt Securities pursuant to Section 2.03; (iii) Sections 6.01(d), (g) and (h) (including, without limitation, all Events of Default added pursuant to Article VI of the Ninth
Supplemental Indenture); and (iv) as they relate to the Guarantors only, Sections 6.01(e) and (f) (“covenant defeasance option”). If the Partnership exercises either its legal defeasance option or its covenant
defeasance option with respect to Debt Securities of a particular series that are entitled to the benefit of the Guarantee, the Guarantee will terminate with respect to that series of Debt Securities. The Partnership may exercise its legal
defeasance option notwithstanding its prior exercise of its covenant defeasance option.” 

  
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 ARTICLE VII 

MISCELLANEOUS 

Section 7.01 Integral Part. This Ninth Supplemental Indenture constitutes an
integral part of the Indenture. 
 Section 7.02 Adoption, Ratification and
Confirmation. The Base Indenture, as supplemented and amended by this Ninth Supplemental Indenture, is in all respects hereby adopted, ratified and confirmed. 

Section 7.03 Counterparts. This Ninth Supplemental Indenture may be executed in
any number of counterparts, each of which when so executed shall be deemed an original; and all such counterparts shall together constitute but one and the same instrument. 

Section 7.04 Governing Law. THIS NINTH SUPPLEMENTAL INDENTURE AND THE NOTES SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

Section 7.05 Trustee Makes No Representation. The Trustee makes no representation
as to the validity or sufficiency of this Ninth Supplemental Indenture. 
 Section 7.06
Electronic Signatures. words “execution,” “signed,” “signature,” and words of like import in the Base Indenture 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 the Base Indenture to the contrary notwithstanding, (a) any
Officers’ Certificate, Company Order, Opinion of Counsel, Security, certificate of authentication appearing on or attached to any Security, supplemental indenture or other certificate, opinion of counsel, instrument, agreement or other document
delivered pursuant to this Indenture may be executed, attested and transmitted by any of the foregoing electronic means and formats, (b) all references in Section 2.05 or elsewhere in this Base 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 the Base Indenture that any signature be made under a corporate seal (or facsimile thereof) shall not be applicable to the Securities of such series. 

  
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 Section 7.07 Electronic
Communications. The Trustee shall have the right to accept and act upon instructions, including funds transfer instructions (“Instructions”) given pursuant to the Indenture and delivered using Electronic Means;
provided, however, that the Issuer and/or the Guarantor shall provide to the Trustee an incumbency certificate listing officers with the authority to provide such Instructions (“Authorized Officers”) and containing
specimen signatures of such Authorized Officers, which incumbency certificate shall be amended by the Issuer and/or the Guarantor whenever a person is to be added or deleted from the listing. If the Issuer and the Guarantor elect to give the
Trustee Instructions using Electronic Means and the Trustee in its discretion elects to act upon such Instructions, the Trustee’s understanding of such Instructions shall be deemed controlling. The Issuer and the Guarantor understand and
agree that the Trustee cannot determine the identity of the actual sender of such Instructions and that the Trustee shall conclusively presume that directions that purport to have been sent by an Authorized Officer listed on the incumbency
certificate provided to the Trustee have been sent by such Authorized Officer. The Issuer and the Guarantor shall be responsible for ensuring that only Authorized Officers transmit such Instructions to the Trustee and that the Company and all
Authorized Officers are solely responsible to safeguard the use and confidentiality of applicable user and authorization codes, passwords and/or authentication keys upon receipt by the Issuer and the Guarantor. The Trustee shall not be liable
for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such Instructions notwithstanding such directions conflict or are inconsistent with a subsequent written instruction. The
Issuer and the Guarantor agree: (i) to assume all risks arising out of the use of Electronic Means to submit Instructions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized Instructions, and the risk of
interception and misuse by third parties; (ii) that they are fully informed of the protections and risks associated with the various methods of transmitting Instructions to the Trustee and that there may be more secure methods of transmitting
Instructions than the method(s) selected by the Issuer and the Guarantor; (iii) that the security procedures (if any) to be followed in connection with their transmission of Instructions provide to them a commercially reasonable degree of
protection in light of their particular needs and circumstances; and (iv) to notify the Trustee immediately upon learning of any compromise or unauthorized use of the security procedures. 

[Signatures on following page] 

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

			
	ISSUER:
	
	BOARDWALK PIPELINES, LP
		
	By:	 	Boardwalk Operating GP, LLC, its general partner
		
	By:	 	Boardwalk Pipeline Partners, LP, its sole member
		
	By:	 	Boardwalk GP, LP, its general partner
		
	By:	 	Boardwalk GP, LLC, its general partner
		
	By:	 	 /s/ Jamie L. Buskill

		 	Jamie L. Buskill
		 	Senior Vice President, Chief Financial and
		 	Administrative Officer, Treasurer and Director
	
	GUARANTOR:
	
	BOARDWALK PIPELINE PARTNERS, LP
		
	By:	 	Boardwalk GP, LP, its general partner
		
	By:	 	Boardwalk GP, LLC, its general partner
		
	By:	 	 /s/ Jamie L. Buskill

		 	Jamie L. Buskill
		 	Senior Vice President, Chief Financial and
		 	Administrative Officer, Treasurer and Director

 Signature Page to Ninth Supplemental Indenture 

 
			
	TRUSTEE:
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee.
		
	By:	 	 /s/ Ann Dolezal

		 	Name: Ann Dolezal
		 	Title:   Vice President

 Signature Page to Ninth Supplemental Indenture 

 (Form of Face of Note) 

No. 
 [CUSIP 096630 AJ7] 

[ISIN US096630 AJ70] 
 $500,000,000

 BOARDWALK PIPELINES, LP 

3.600% Senior Note due 2032 

Boardwalk Pipelines, LP, a Delaware limited partnership, promises to pay to
                , or registered assigns, the principal sum of Dollars ($        ) [or such greater or lesser amount as may
be endorsed on the Schedule attached hereto]1 on September 1, 2032. 
  

			
	Interest Payment Dates:	  	March 1 and September 1
		
	Record Dates:	  	February 15 and August 15

  

	1	 To be included only if the Note is issued in global form. 

  
 Exhibit A-1 

 
			
	BOARDWALK PIPELINES, LP
		
	By:	 	Boardwalk Operating GP, LLC, its general partner
		
	By:	 	Boardwalk Pipeline Partners, LP, its sole member
		
	By:	 	Boardwalk GP, LP, its general partner
		
	By:	 	Boardwalk GP, LLC, its general partner
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit A-2 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Debt Securities of the series designated 3.600% Senior Notes due 2032 referred to in the within-mentioned Indenture. 

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

			
	By:	 	  

		 	Authorized Signatory

 Dated:
                                         
            

  
 Exhibit A-3 

 (Form of Back of Note) 

3.600% Senior Note due 2032 

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE PARTNERSHIP OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR 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. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE INDENTURE REFERRED TO HEREIN.]2 
 Capitalized terms used herein shall
have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 
 1. Interest. Boardwalk Pipelines,
LP, a Delaware limited partnership (the “Partnership” or the “Issuer”), promises to pay interest on the principal amount of this Note at 3.600% per annum until maturity. The Issuer shall pay interest
semi-annually on March 1 and September 1 of each such year, or if any such day is not a Business Day, on the next succeeding Business Day (each an “Interest Payment Date”); provided that the first Interest
Payment Date shall be September 1, 2022. Interest on the Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from February 16, 2022; provided that if there is no existing
Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date. The
Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the same rate, and it shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest shall be computed on the basis of a
360-day year of twelve 30-day months. 
  

 

	2 	 To be included only if the Note is issued in global form. 

  
 Exhibit A-4 

 2. Method of Payment. The Issuer shall pay interest on the Notes (except Defaulted
Interest) to the Persons who are registered Holders of Notes at the close of business on the February 15 or August 15 next preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before
such Interest Payment Date, except as provided in Section 2.16 of the Base Indenture with respect to Defaulted Interest, and the Issuer shall pay principal (and premium, if any) of the Notes upon surrender thereof to the Trustee or a paying
agent on or after the Stated Maturity thereof. The Notes shall be payable as to principal, premium, if any, and interest at the office or agency of the Trustee maintained for such purpose (which initially is 2 North LaSalle Street, Suite 700,
Chicago, Illinois 60602), or, at the option of the Issuer, payment of interest may be made by check mailed to the Holders at their addresses set forth in the Debt Security Register or by wire transfer to accounts designated by the Holders;
provided that payment by wire transfer of immediately available funds shall be required with respect to principal of, and interest and premium, if any, on each Global Security. Such payment shall be 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. 
 3. Paying Agent and Registrar.
Initially, The Bank of New York Mellon Trust Company, N.A., the Trustee under the Indenture, shall act as paying agent and Registrar. The Issuer may change any paying agent or Registrar without notice to any Holder. The Partnership may act in any
such capacity. 
 4. Indenture. The Issuer issued the Notes under an Indenture dated as of August 21, 2009 (the
“Original Indenture”), as amended by the Third Supplemental Indenture thereto dated as of April 18, 2013 (the Original Indenture, as so amended, the “Base Indenture”), as amended and supplemented
by the Ninth Supplemental Indenture, dated as of February 16, 2022 (the “Ninth Supplemental Indenture,” and, together with the Base Indenture, the “Indenture”), each between the Issuer, Boardwalk
Pipeline Partners, LP, as guarantor (together with its successors, the “Guarantor”), and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this
Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. Capitalized terms used but not defined herein shall have the respective meanings given to such terms in the Indenture. The
Notes are the obligation of the Issuer and the Guarantor, initially in aggregate principal amount of $500 million. The Issuer may issue an unlimited aggregate principal amount of Additional Notes under the Indenture. Any such Additional Notes
that are actually issued shall be treated as issued and Outstanding Notes (and as the same series (with identical terms other than with respect to the issue date, issue price and first payment of interest) as the initial Notes for the purposes
indicated in Section 3.02 of the Ninth Supplemental Indenture). 
 5. Optional Redemption. 

(a) Prior to the Par Call Date, the Issuer may redeem the Notes at its option, in whole or in part, at any time and from time
to time, at a redemption price equal to the greater of: 
  

	 	(1)	 (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon
discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate plus 30 basis points less (b) interest accrued to the Redemption Date; and 

  
 Exhibit A-5 

	 	(2)	 100% of the principal amount of the Notes to be redeemed, 

plus, in either case, accrued and unpaid interest thereon to the Redemption Date. 

(b) On or after the Par Call Date, the Issuer may redeem the Notes, in whole or in part, at any time and from time to time, at
a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date (subject to the right of Holders on the relevant record date to receive interest due on the relevant
interest payment date). 
 6. Mandatory Redemption. The Issuer shall not be required to make mandatory redemption or sinking fund
payments with respect to the Notes or to repurchase them at the option of the Holders. 
 7. Notice of Redemption. Notice of
redemption shall be mailed by first class mail (or, in the case of Global Securities, transmitted electronically) at least 10 days but not more than 60 days before the Redemption Date to each Holder whose Notes are to be redeemed at its
registered address. Notices of redemption may be subject to conditions, as provided in the Indenture. Notes in denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the Notes held by a Holder
are to be redeemed. On and after the Redemption Date interest shall cease to accrue on Notes or portions thereof called for redemption and with respect to which the redemption price has been paid. 

8. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in minimum denominations of $2,000 and integral
multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and
transfer documents, and the Issuer may require a Holder to pay any taxes or other governmental charges imposed in relation thereto. 
 9.
Persons Deemed Owners. The registered Holder of a Note shall be treated as its owner for all purposes. 
 10. Amendment, Supplement
and Waiver. Subject to certain exceptions, the Indenture may be amended or supplemented with the consent of the Holders of not less than a majority in aggregate principal amount of the then Outstanding Notes, and any existing default or
compliance with any provision of the Indenture relating to the Notes may be waived with the consent of the Holders of not less than a majority in aggregate principal amount of the then Outstanding Notes. Without the consent of any Holder of a Note,
the Indenture may be amended or supplemented for any of the purposes set forth in Section 9.01 of the Indenture. 

  
 Exhibit A-6 

 11. Defaults and Remedies. If any Event of Default, other than one arising from
certain events of bankruptcy or insolvency as described in the Indenture, occurs and is continuing, then, unless the principal of and accrued and unpaid interest on all the Notes shall have already become due and payable, either the Trustee or the
Holders of at least 25% in aggregate principal amount of the then Outstanding Notes may declare the principal of and interest on all the Notes to be due and payable. In the case of an Event of Default arising from certain events of bankruptcy or
insolvency, then in each and every such case, unless the principal of and accrued and unpaid interest on all the Notes shall have already become due and payable, the principal of and interest on all the Notes shall become due and payable
immediately, without further action or notice. 
 Holders may not enforce the Indenture or the Notes except as provided in the Indenture.
Subject to certain limitations, Holders of not less than a majority in aggregate principal amount of the then Outstanding Notes may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice
of any continuing Default (except a Default relating to the payment of principal, premium, if any, or interest) if the Trustee determines in good faith that withholding notice is in the Holders’ interests. The Holders of not less than a
majority in aggregate principal amount of the Notes then Outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes waive any past Default or Event of Default and its consequences under the Indenture except a Default or
Event of Default in the payment of interest on, the principal of, or premium, if any, on, the Notes or an Event of Default relating to a provision of the Indenture that cannot be amended without the consent of each Holder affected thereby. The
Partnership is required to deliver to the Trustee annually a statement regarding compliance with the Indenture, and the Partnership is required within 30 days after it becomes aware of the occurrence of any Default or Event of Default to
deliver to the Trustee a statement specifying such Default or Event of Default and certain additional information. 
 12.
Authentication. This Note shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. 

13. Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common),
TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

14. CUSIP and ISIN Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the
Issuer has caused CUSIP and corresponding ISIN numbers to be printed on the Notes, and the Trustee may use CUSIP and corresponding ISIN numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of
such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

The Issuer shall furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 

Boardwalk Pipelines, LP 

c/o Boardwalk GP, LLC 
 9
Greenway Plaza, Suite 2800 
 Houston, Texas 77046 

Attention: General Counsel 

  
 Exhibit A-7 

 NOTATION OF GUARANTEE 

The Guarantor (which term includes any successor Person in such capacity under the Indenture) has fully, unconditionally and absolutely
guaranteed, to the extent set forth in the Indenture and subject to the provisions of the Indenture, the due and punctual payment of the principal of, and premium, if any, and interest on, the Debt Securities of this series and all other amounts due
and payable under the Indenture and the Debt Securities of this series by the Issuer. 
 The obligations of the Guarantor to the Holders of
Debt Securities of this series and to the Trustee pursuant to the Guarantee and the Indenture are expressly set forth in Article XIV of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. 

 

			
	Guarantor:
	
	BOARDWALK PIPELINE PARTNERS, LP
	
	By: Boardwalk GP, LP, its general partner
	
	By: Boardwalk GP, LLC, its general partner
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit A-8 

 Assignment Form 

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

 
  

(Insert assignee’s Social Security or other tax I.D. no.) 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint 
 agent to
transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
 Date:
                                        
         
  

			
		 	Your Signature:                                   
                                         
                      
		 	(Sign exactly as your name appears on the face of this Note)

Signature Guarantee:                     
                                         
                                         
                                         
                                         
                                 

(Signature must be guaranteed by a financial institution that is a member of the Securities Transfer Agent Medallion Program
(“STAMP”), the Stock Exchange Medallion Program (“SEMP”), the New York Stock Exchange, Inc. Medallion Signature Program (“MSP”) or such other signature guarantee program as may
be determined by the Registrar in addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with the Securities Exchange Act of 1934, as amended.) 

  
 Exhibit A-9 

 SCHEDULE OF INCREASES OR DECREASES IN THE GLOBAL NOTE3 
 The original principal amount of this Global Note is
$             . The following increases or decreases in this Global Note have been made: 
  

									
	 Date of

Change
	 	 Amount of

Decrease in
 Principal
Amount
	 	 Amount of Increase

in Principal

Amount
	  	 Principal Amount of

This Global Note
 Following
Such
 Decrease (or Increase)
	  	 Signature of

Authorized Signatory
 of
Trustee or Note
 Custodian

 

	3 	 To be included only if the Note is issued in global form. 

  
 Exhibit A-10

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