Document:

Supplemental Indenture

 Exhibit 4.1 
 This instrument was prepared by, 
 and when recorded should be 

returned to: 
 Richard W. Astle 

Sidley Austin LLP 
 One South Dearborn Street

 Chicago, Illinois 60603 
  

 
  

SUPPLEMENTAL INDENTURE 
 Dated as of August 1, 2013 

COMMONWEALTH EDISON COMPANY 

to 
 BNY
MELLON TRUST COMPANY OF ILLINOIS 
 and

 D.G. DONOVAN 
 Trustees Under Mortgage Dated July 1, 1923, 
 and Certain 

Indentures Supplemental Thereto 
 Providing for Issuance of 
 FIRST MORTGAGE 4.60% BONDS, SERIES 114 

Due August 15, 2043 
  

 
  

 THIS SUPPLEMENTAL INDENTURE, dated as of
August 1, 2013, between COMMONWEALTH EDISON COMPANY, a corporation organized and existing under the laws of the State of Illinois (hereinafter called the “Company”) having an address
at 440 South LaSalle Street, Suite 3300, Chicago, Illinois 60605, party of the first part, BNY MELLON TRUST COMPANY OF ILLINOIS (formerly known as BNY Midwest Trust Company),
a trust company organized and existing under the laws of the State of Illinois having an address at 2 North LaSalle Street, Suite 1020, Chicago, Illinois 60602, and D.G. DONOVAN, an individual having an address at 2 North LaSalle
Street, Suite 1020, Chicago, Illinois 60602, as Trustee and Co-Trustee, respectively, under the Mortgage of the Company dated July 1, 1923, as amended and supplemented by Supplemental Indenture dated August 1, 1944 and the subsequent
supplemental indentures hereinafter mentioned, parties of the second part (said Trustee being hereinafter called the “Trustee”, the Trustee and said Co-Trustee being hereinafter together called the “Trustees”, and
said Mortgage dated July 1, 1923, as amended and supplemented by said Supplemental Indenture dated August 1, 1944 and subsequent supplemental indentures, being hereinafter called the “Mortgage”), 

W I T N E S S E T H: 
 WHEREAS, the Company duly executed and delivered the Mortgage to provide for the issue of, and to secure, its bonds, issuable in series and without limit as to principal amount except as provided in the
Mortgage; and 
 WHEREAS, the Company from time to time has executed and delivered supplemental indentures to the Mortgage to
provide for (i) the creation of additional series of bonds secured by the Mortgage, (ii) the amendment of certain of the terms and provisions of the Mortgage and (iii) the confirmation of the lien of the Mortgage upon property of the
Company, such supplemental indentures that are currently effective and the respective dates, parties thereto and purposes thereof, being as follows: 
  

					
	Supplemental Indenture Date	  	Parties	  	Providing For
			
	August 1, 1944	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Edmond B. Stofft, as Trustee and Co-Trustee	  	Amendment and restatement of
Mortgage dated July 1, 1923
			
	August 1, 1946	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Edmond B. Stofft, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 1, 1953	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Edmond B. Stofft, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	March 31, 1967	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Edward J. Friedrich, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 1, 1967	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Edward J. Friedrich, as Trustee and Co-Trustee	  	Amendment of Sections 3.01, 3.02,
3.05 and 3.14 of the Mortgage and
issuance of First Mortgage 5-3/8%
Bonds, Series Y
			
	February 28, 1969	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien

  
 1 

					
	Supplemental Indenture Date	  	Parties	  	Providing For
			
	May 29, 1970	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	June 1, 1971	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 1, 1972	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	May 31, 1972	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	June 15, 1973	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	May 31, 1974	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	June 13, 1975	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	May 28, 1976	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	June 3, 1977	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	May 17, 1978	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	August 31, 1978	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	June 18, 1979	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	June 20, 1980	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 16, 1981	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 30, 1982	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien

  
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	Supplemental Indenture Date	  	Parties	  	Providing For
			
	April 15, 1983	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 13, 1984	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 15, 1985	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 15, 1986	  	Company to Continental Illinois National Bank and Trust Company of Chicago and M.J. Kruger, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	January 15, 1994	  	Company to Continental Bank, National Association and M.J. Kruger, as Trustee and Co-Trustee	  	Issuance of First Mortgage Bonds,
Pollution Control Series 1994A, 1994B
and 1994C
			
	January 13, 2003	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 3.700%
Bonds, Series 99 and First Mortgage
5.875% Bonds, Series 100
			
	March 14, 2003	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 4.70%
Bonds, Series 101
			
	February 22, 2006	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 5.90%
Bonds, Series 103
			
	August 1, 2006	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 5.95%
Bonds, Series 104
			
	September 15, 2006	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of additional First Mortgage
5.95% Bonds, Series 104
			
	March 1, 2007	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of additional First Mortgage
5.90% Bonds, Series 103

  
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	Supplemental Indenture Date	  	Parties	  	Providing For
			
	August 30, 2007	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 6.15%
Bonds, Series 106
			
	December 20, 2007	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 6.45%
Bonds, Series 107
			
	March 10, 2008	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Amendment of Section 15.06 of the
Mortgage and issuance of First
Mortgage 5.80% Bonds, Series 108
			
	July 12, 2010	  	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee	  	Amendment of Section 15.06 of the
Mortgage and issuance of First
Mortgage 4.00% Bonds, Series 109
			
	January 4, 2011	  	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee	  	Amendment of Section 15.06 of the
Mortgage and issuance of First
Mortgage 1.625% Bonds, Series 110
			
	August 22, 2011	  	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee	  	Amendment of Section 15.06 of the
Mortgage and issuance of First
Mortgage 1.95% Bonds, Series 111 and
First Mortgage 3.40% Bonds, Series
112
			
	September 17, 2012	  	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee	  	Amendment of Section 15.06 of the
Mortgage and issuance of First
Mortgage 3.80% Bonds, Series 113

 WHEREAS, the respective designations, maturity dates and stated principal amounts of the bonds of each
series presently outstanding under, and secured by, the Mortgage and the several supplemental indentures above referred to, are as follows: 
  

									
	Designation	  	Maturity Date	 	  	Principal Amount	 
	 First Mortgage 5.85% Bonds, Pollution Control Series 1994C
	  	 	January 15, 2014	  	  	$	17,000,000	  
	 First Mortgage 5.875% Bonds, Series 100
	  	 	February 1, 2033	  	  	 	253,600,000	  
	 First Mortgage 4.70% Bonds, Series 101
	  	 	April 15, 2015	  	  	 	260,000,000	  
	 First Mortgage 5.90% Bonds, Series 103
	  	 	March 15, 2036	  	  	 	625,000,000	  
	 First Mortgage 5.95% Bonds, Series 104
	  	 	August 15, 2016	  	  	 	415,000,000	  

  
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	Designation	  	Maturity Date	  	Principal Amount	 
	 First Mortgage 6.15% Bonds, Series 106
	  	September 15, 2017	  	 	425,000,000	  
	 First Mortgage 6.45% Bonds, Series 107
	  	January 15, 2038	  	 	450,000,000	  
	 First Mortgage 5.80% Bonds, Series 108
	  	March 15, 2018	  	 	700,000,000	  
	 First Mortgage 4.00% Bonds, Series 109
	  	August 1, 2020	  	 	500,000,000	  
	 First Mortgage 1.625% Bonds, Series 110
	  	January 15, 2014	  	 	600,000,000	  
	 First Mortgage 1.95% Bonds, Series 111
	  	September 1, 2016	  	 	250,000,000	  
	 First Mortgage 3.40% Bonds, Series 112
	  	September 1, 2021	  	 	350,000,000	  
	 First Mortgage 3.80% Bonds, Series 113
	  	October 1, 2042	  	 	350,000,000	  
		  		  	  
	  
	 
		  	Total	  	$	5,195,600,000	  
		  		  	  
	  
	 

 WHEREAS, the Mortgage provides for the issuance from time to time thereunder, in series, of bonds of the
Company for the purposes and subject to the limitations therein specified; and 
 WHEREAS, the Company desires, by this
Supplemental Indenture, to create an additional series of bonds to be issuable under the Mortgage, such bonds to be designated “First Mortgage 4.60% Bonds, Series 114 (hereinafter called the “bonds of Series 114”) and the terms
and provisions to be contained in the bonds of Series 114 or to be otherwise applicable thereto to be as set forth in this Supplemental Indenture; and 
 WHEREAS, the bonds of Series 114 and the Trustee’s certificate to be endorsed thereon shall be substantially in the form of the General Form of Registered Bond Without Coupons and the form of the
General Form of Trustee’s Certificate set forth in Section 3.05 of the Supplemental Indenture dated August 1, 1944 to the Mortgage with such appropriate insertions, omissions and variations in order to express the designation, date,
maturity date, annual interest rate, record dates for, and dates of, payment of interest, denominations, terms of redemption and redemption prices, and other terms and characteristics authorized or permitted by the Mortgage or not inconsistent
therewith; and 
 WHEREAS, the Company is legally empowered and has been duly authorized by the necessary corporate action and
by an order or orders of the Illinois Commerce Commission to make, execute and deliver this Supplemental Indenture, and to create, as an additional series of bonds of the Company, the bonds of Series 114, and all acts and things whatsoever necessary
to make this Supplemental Indenture, when executed and delivered by the Company and the Trustees, a valid, binding and legal instrument, and to make the bonds of Series 114, when authenticated by the Trustee and issued as in the Mortgage and in this
Supplemental Indenture provided, the valid, binding and legal obligations of the Company, entitled in all respects to the security of the Mortgage, as amended and supplemented, have been done and performed; 

NOW, THEREFORE, in consideration of the premises and of the sum of one dollar duly paid by the Trustees to the Company, and for other
good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows: 

SECTION 1. Designation and Issuance of Bonds of Series 114. The bonds of Series 114 shall, as hereinbefore
recited, be designated as the Company’s “First Mortgage 4.60% Bonds, Series 114,” and shall be issued in the original aggregate principal amount of $350,000,000. Subject to the provisions of the Mortgage, additional bonds of Series
114 may be issued without limitation as to the aggregate principal amount thereof. 

  
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 SECTION 2. Form, Date, Maturity Date, Interest Rate and Interest Payment Dates
of Bonds of Series 114. (a) The definitive bonds of Series 114 shall be in engraved, lithographed, printed or typewritten form and shall be registered bonds without coupons; and such bonds and the Trustee’s certificate to be
endorsed thereon shall be substantially in the forms hereinbefore recited, respectively. The bonds of Series 114 shall be dated as provided in Section 3.01 of the Mortgage, as amended by Supplemental Indenture dated April 1, 1967.

 (b) The bonds of Series 114 shall mature on August 15, 2043. 

(c) The bonds of Series 114 shall bear interest at the rate of 4.60% per annum until the principal thereof shall be paid. 

(d) Interest on the bonds of Series 114 shall be payable semi-annually on the fifteenth day of February and the fifteenth day of August in
each year, commencing February 15, 2014. February 1 and August 1 in each year are hereby established as record dates for the payment of interest payable on the next succeeding interest payment dates, respectively. The interest on
each bond of Series 114 so payable on any interest payment date shall, subject to the exceptions provided in Section 3.01 of the Mortgage, as amended by said Supplemental Indenture dated April 1, 1967, be paid to the person in whose name
such bond is registered at the close of business on February 1 or August 1, as the case may be, next preceding such interest payment date. 
 SECTION 3. Execution of Bonds of Series 114. The bonds of Series 114 shall be executed on behalf of the Company by its President or one of its Vice Presidents, manually or by
facsimile signature, and shall have its corporate seal affixed thereto or a facsimile of such seal imprinted thereon, attested by its Secretary or one of its Assistant Secretaries, manually or by facsimile signature, all as may be provided by
resolution of the Board of Directors of the Company. In case any officer or officers whose signature or signatures, manual or facsimile, shall appear upon any bond of Series 114 shall cease to be such officer or officers before such bond shall have
been actually authenticated and delivered, such bond nevertheless may be issued, authenticated and delivered with the same force and effect as though the person or persons whose signature or signatures, manual or facsimile, appear thereon had not
ceased to be such officer or officers of the Company. 
 SECTION 4. Medium and Places of Payment of Principal of
and Interest on Bonds of Series 114; Transferability and Exchangeability. Both the principal of and interest on the bonds of Series 114 shall be payable in any coin or currency of the United States of America which at the time of
payment is legal tender for the payment of public and private debts, and both such principal and interest shall be payable at the office or agency of the Company in the City of Chicago, State of Illinois, or, at the option of the registered owner,
at the office or agency of the Company in the Borough of Manhattan, The City of New York, State of New York, and such bonds shall be transferable and exchangeable, in the manner provided in Sections 3.09 and 3.10 of the Mortgage, at said office or
agency. No charge shall be made by the Company to the registered owner of any bond of Series 114 for the transfer of such bond or for the exchange thereof for bonds of other authorized denominations, except, in the case of transfer, a charge
sufficient to reimburse the Company for any stamp or other tax or governmental charge required to be paid by the Company or the Trustee. 
 SECTION 5. Denominations and Numbering of Bonds of Series 114. The bonds of Series 114 shall be issued in the denomination of $2,000 and in such multiples of $1,000 as shall
from time to time hereafter be determined and authorized by the Board of Directors of the Company or by any officer or officers of the Company authorized to make such determination, the authorization of the denomination of any bond of Series 114 to
be conclusively evidenced by the execution thereof on behalf of the Company. Bonds of Series 114 shall be numbered R-1 and consecutively upwards. 

  
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 SECTION 6. Temporary Bonds of Series 114. Until definitive bonds
of Series 114 are ready for delivery, there may be authenticated and issued in lieu of any thereof and subject to all of the provisions, limitations and conditions set forth in Section 3.11 of the Mortgage, temporary registered bonds without
coupons of Series 114. 
 SECTION 7. Redemption of Bonds of Series 114. (a) The bonds of Series
114 shall be redeemable, at the option of the Company, as a whole or in part, at any time prior to February 15, 2043 (six months prior to the maturity date of the bonds of Series 114) upon notice sent by the Company through the mail, postage
prepaid, at least thirty (30) days and not more than forty-five (45) days prior to the date fixed for redemption, to the registered holder of each bond to be redeemed in whole or in part, addressed to such holder at his address appearing
upon the registration books, at a redemption price equal to the greater of 
 (1) 100% of the principal amount of
the bonds of Series 114 to be redeemed, plus accrued and unpaid interest up to but excluding the redemption date, or 
 (2) as determined by the Quotation Agent (as hereinafter defined), the sum of the present values of the remaining scheduled payments of principal and interest on the bonds of Series 114 to be redeemed
(not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (as hereinafter
defined) plus fifteen (15) basis points, plus accrued and unpaid interest up to but excluding the redemption date. 
 The bonds of Series
114 shall be redeemable, at the option of the Company, as a whole or in part, at any time on or after February 15, 2043 upon notice sent by the Company through the mail, postage prepaid, at least thirty (30) days and not more than
forty-five (45) days prior to the date fixed for redemption, to the registered holder of each bond to be redeemed in whole or in part, addressed to such holder at his address appearing upon the registration books, at a redemption price equal to
100% of the principal amount of the bonds of Series 114 to be redeemed, plus accrued and unpaid interest on those bonds of Series 114 up to but excluding the redemption date. Unless the Company defaults in payment of the redemption price, on and
after the redemption date, interest will cease to accrue on the bonds of Series 114 or portions of the bonds of Series 114 called for redemption. 
 (b) For purposes of the foregoing Section 7(a), the following terms shall have the respective meanings set forth below: 

“Adjusted Treasury Rate” means, with respect to any redemption date, the rate per year equal to the
semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the redemption date.

 “Business Day” means any day that is not a day on which banking institutions in New York City
are authorized or required by law or regulation to close. 
 “Comparable Treasury Issue” means
the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the remaining term of the bonds of Series 114 to be redeemed that would be used, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the bonds of Series 114. 

  
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 “Comparable Treasury Price” means, with respect to any
redemption date: 
 (i) the average of the Reference Treasury Dealer Quotations for that redemption date, after
excluding the highest and lowest of the Reference Treasury Dealer Quotations; or 
 (ii) if the Quotation Agent
obtains fewer than three Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations so received. 
 “Quotation Agent” means the Reference Treasury Dealer appointed by the Company. 
 “Reference Treasury Dealer” means (1) each of Morgan Stanley & Co. LLC, UBS Securities LLC, and a Primary Treasury Dealer (as defined below) selected by Mitsubishi UFJ
Securities (USA), Inc., and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in the United States of America (“Primary Treasury Dealer”), in which case the Company shall
substitute another Primary Treasury Dealer; and (2) any other Primary Treasury Dealer selected by the Company. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent, of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by that Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day
preceding that redemption date. 
 (c) In case the Company shall desire to exercise such right to redeem and pay off all or any
part of such bonds of Series 114 as hereinbefore provided, it shall comply with all the terms and provisions of Article V of the Mortgage applicable thereto, and such redemption shall be made under and subject to the terms and provisions of Article
V and in the manner and with the effect therein provided, but at the time or times and upon mailing of notice, all as hereinbefore set forth in this Section 7. No publication of notice of any redemption of any bonds of Series 114 shall be
required under Section 5.03(a) of the Mortgage. 
 SECTION 8. Book-Entry Only System. It is intended
that the bonds of Series 114 be registered so as to participate in the securities depository system (the “DTC System”) with The Depository Trust Company (“DTC”), as set forth herein. The bonds of Series 114 shall be
initially issued in the form of a fully registered bond or bonds in the name of Cede & Co., or any successor thereto, as nominee for DTC. The Company and the Trustees are authorized to execute and deliver such letters to or agreements with
DTC as shall be necessary to effectuate the DTC System, including the Letter of Representations from the Company and the Trustees to DTC relating to the bonds of Series 114 (the “Representation Letter”). In the event of any conflict
between the terms of the Representation Letter and the Mortgage, the terms of the Mortgage shall control. DTC may exercise the rights of a bondholder only in accordance with the terms hereof applicable to the exercise of such rights. 

With respect to bonds of Series 114 registered in the name of DTC or its nominee, the Company and the Trustees shall have no
responsibility or obligation to any broker-dealer, bank or other financial institution for which DTC holds such bonds from time to time as securities depository (each such broker-dealer, bank or other financial institution being referred to herein
as a “Depository Participant”) or to any person on behalf of whom such a Depository Participant holds an interest in such bonds (each such person being herein referred to as an “Indirect Participant”). Without
limiting the immediately preceding sentence, the Company and the Trustees shall have no responsibility or obligation with respect to: 

  
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 (i) the accuracy of the records of DTC, its nominee or any Depository
Participant with respect to any ownership interest in the bonds of Series 114, 
 (ii) the delivery to any
Depository Participant or any Indirect Participant or any other person, other than a registered owner of a bond of Series 114, of any notice with respect to the bonds of Series 114, including any notice of redemption, 

(iii) the payment to any Depository Participant or Indirect Participant or any other person, other than a registered owner
of a bond of Series 114, of any amount with respect to principal of, redemption premium, if any, on, or interest on, the bonds of Series 114, or 
 (iv) any consent given by DTC as registered owner. 
 So long as certificates for the bonds of
Series 114 are not issued as hereinafter provided, the Company and the Trustees may treat DTC or any successor securities depository as, and deem DTC or any successor securities depository to be, the absolute owner of such bonds for all purposes
whatsoever, including, without limitation, (1) the payment of principal and interest on such bonds, (2) giving notice of matters (including redemption) with respect to such bonds and (3) registering transfers with respect to such
bonds. While a bond of Series 114 is in the DTC System, no person other than DTC or its nominee shall receive a certificate with respect to such bond. 
 In the event that: 
 (a) DTC notifies the Company that it is
unwilling or unable to continue as depositary or if DTC ceases to be a clearing agency registered under applicable law and a successor depositary is not appointed by the Company within 90 days, 

(b) the Company determines that the beneficial owners of the bonds of Series 114 should be able to obtain certificated
bonds and so notifies the Trustees in writing or 
 (c) there shall have occurred and be continuing a completed
default or any event which after notice or lapse of time or both would be a completed default with respect to the bonds of Series 114, 
 the
bonds of Series 114 shall no longer be restricted to being registered in the name of DTC or its nominee. In the case of clause (a) of the preceding sentence, the Company may determine that the bonds of Series 114 shall be registered in the name
of and deposited with a successor depository operating a securities depository system, as may be acceptable to the Company and the Trustees, or such depository’s agent or designee, and if the Company does not appoint a successor securities
depository system within 90 days, then the bonds may be registered in whatever name or names registered owners of bonds transferring or exchanging such bonds shall designate, in accordance with the provisions hereof. 

Notwithstanding any other provision of the Mortgage to the contrary, so long as any bond of Series 114 is registered in the name of DTC
or its nominee, all payments with respect to principal of and interest on such bond and all notices with respect to such bond shall be made and given, respectively, in the manner provided in the Representation Letter. 

  
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 SECTION 9. Legends. So long as the bonds of Series 114 are held by DTC,
such bonds of Series 114 shall bear the following legend: 
 Unless this bond is presented by an authorized
representative of the Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any bond issued is registered in the name of Cede & Co. or in such
other name as 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 a person is wrongful inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 

SECTION 10. Confirmation of Lien. The Company, for the equal and proportionate benefit and security of the holders
of all bonds at any time issued under the Mortgage, hereby confirms the lien of the Mortgage upon, and hereby grants, bargains, sells, transfers, assigns, pledges, mortgages, warrants and conveys unto the Trustees, all property of the Company and
all property hereafter acquired by the Company, other than (in each case) property which, by virtue of any of the provisions of the Mortgage, is excluded from such lien, and hereby confirms the title of the Trustees (as set forth in the Mortgage) in
and to all such property. Without in any way limiting or restricting the generality of the foregoing, there is specifically included within the confirmation of lien and title hereinabove expressed the property of the Company legally described on
Exhibit A attached hereto and made a part hereof. 
 SECTION 11. Amendment of Provision of Mortgage.
(a) Section 15.06 of the Mortgage shall be amended and restated to read in its entirety as follows: 

SECTION 15.06. The Trustee and any successor to the Trustee may resign and be discharged from the trusts created by this
Mortgage by giving notice thereof in writing to the Company, specifying the date when such resignation shall take effect, and by giving notice thereof to the bondholders in the manner and to the extent provided under Section 15.10(c), and by
publishing such notice at least once a week for three successive calendar weeks (the first such publication to be not less than thirty days nor more than sixty days prior to the effective date of such resignation) in one authorized newspaper in the
City of Chicago, State of Illinois, and in one authorized newspaper in the Borough of Manhattan, The City of New York, State of New York. Subject to the provisions of Sections 15.04 and 15.05, such resignation shall take effect on the date specified
in such notice unless previously a successor Trustee shall have been appointed as hereinafter provided, in which event such resignation shall take effect upon the appointment of such successor Trustee. The Co-Trustee and any successor to the
Co-Trustee may resign at any time and be discharged from the trusts hereby created by giving the Trustee and the Company notice in writing of such resignation, specifying a date when such resignation shall take effect, which shall be at least thirty
days after the giving of such notice. Such resignation shall, subject to the provisions of Sections 15.04 and 15.05, take effect on the date specified in such notice unless previously a successor trustee shall have been appointed as hereinafter
provided, in which event such resignation shall take effect immediately upon the appointment of such a successor trustee. 
 Either of the Trustees or any successor trustee may be removed at any time by the holders of a majority in principal amount of the bonds issued hereunder and at the time outstanding, upon payment to the
trustee so removed of all moneys then due to it or him hereunder, by an instrument or concurrent instruments in writing, signed in duplicate by such holders. One copy shall be filed with the Company and the other with the trustee so removed.

 The Co-Trustee and any successor to the Co-Trustee may be removed at any time by an instrument in writing
signed in duplicate by the Trustee, one copy of which shall be filed with the Company and the other delivered to the Co-Trustee so removed. 

  
 10 

 In case at any time either of the Trustees or any successor trustee shall
resign, die, be dissolved or be removed or otherwise shall become disqualified to act or incapable of acting, or in case control of the Trustee or of any successor trustee, or of its officers shall be taken over by any public officer or officers, a
successor trustee may be appointed by the holders of a majority in principal amount of the bonds issued hereunder and at the time outstanding by an instrument or concurrent instruments in writing signed in duplicate by such holders, and filed, one
copy with the retiring trustee and the other with the successor trustee, notification thereof being given to the Company by such successor trustee; but until a successor trustee shall be so appointed by the bondholders as herein authorized, the
Company, by an instrument in writing, executed by order of the Board of Directors, shall in any such case appoint a successor to the Trustee and the Trustee shall, by an instrument in writing in any such case, appoint a successor to the Co-Trustee.
Every such successor to the Trustee so appointed by the bondholders, by a court of competent jurisdiction or by the Company shall be a bank or trust company in good standing organized and doing business under the laws of the United States or of any
State, having an office in the United States of America, and (a) which shall be a corporation having a combined capital and surplus of not less than $5,000,000, (b) which shall be authorized under the laws of the jurisdiction of
incorporation to exercise corporate trust powers, and (c) which shall be subject to supervision or examination by a Federal or State authority. If such successor Trustee publishes reports of condition at least annually, pursuant to law or to
the requirements of such supervising or examining authority, the combined capital and surplus of such successor Trustee shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. Every
such successor trustee appointed by the bondholders or by the Trustee in succession to the Co-Trustee shall always be an individual, a citizen of the United States of America, unless otherwise required by law. 

Anything hereinabove to the contrary notwithstanding, in case at any time the Co-Trustee, or any successor thereto, shall
die, become incapable of acting, resign or be removed, all the estates, properties, rights, powers, trusts, duties and obligations of the Trustees hereunder shall, to the extent permitted by law, vest in and be exercised by the Trustee, without the
appointment of a successor Co-Trustee. 
 If in a proper case no appointment of a successor to the Trustee or of
a successor to the Co-Trustee shall be made pursuant to the foregoing provisions of this Article XV within six months after a vacancy shall have occurred in the office of trustee, the holder of any bond or the retiring Trustee or Co-Trustee may
apply to any court, State or Federal having jurisdiction to appoint a successor trustee, and such court may thereupon, after such notice, if any, as such court may deem proper and prescribe, appoint a successor to the Trustee or to the Co-Trustee,
as the case may be. 
 (b) The holders of the bonds of Series 114 shall be deemed to have approved the foregoing amendment;
however, the foregoing amendment shall not become effective until such time as it shall have received the requisite approvals under the provisions of the Mortgage. 
 SECTION 12. Miscellaneous. The terms and conditions of this Supplemental Indenture shall be deemed to be a part of the terms and conditions of the Mortgage for any and all
purposes. The Mortgage, as supplemented by said indentures supplemental thereto dated subsequent to August 1, 1944 and referred to in the recitals of this Supplemental Indenture, and as further supplemented by this Supplemental Indenture, is in
all respects hereby ratified and confirmed. 
 This Supplemental Indenture shall bind and, subject to the provisions of Article
XIV of the Mortgage, inure to the benefit of the respective successors and assigns of the parties hereto. 

  
 11 

 Although this Supplemental Indenture is dated as of August 1, 2013, it shall be
effective only from and after the actual time of its execution and delivery by the Company and the Trustees on the date indicated by their respective acknowledgments hereto annexed. 

Notwithstanding anything to the contrary contained in the Mortgage, the maximum amount of indebtedness secured by the Mortgage shall not
exceed 200% of the aggregate stated principal amount of the bonds of each series presently outstanding under, and secured by, the Mortgage, as set forth in the Recitals to this Supplemental Indenture, except to the extent such maximum amount may be
adjusted by a subsequent recorded supplemental indenture (which adjustment, and the corresponding supplemental indenture, shall not require the consent or approval of the holders of any bonds then outstanding under the Mortgage, including the
holders of the bonds of Series 114). 
 This Supplemental Indenture may be simultaneously executed in any number of
counterparts, and all such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument. 

  
 12 

 IN WITNESS WHEREOF, Commonwealth Edison Company has caused this Supplemental Indenture to be
executed in its name by its Senior Vice President, Chief Financial Officer and Treasurer, and attested by its Assistant Secretary, and BNY Mellon Trust Company of Illinois, as Trustee under the Mortgage, has caused this Supplemental Indenture to be
executed in its name by one of its Vice Presidents, and attested by one of its Vice Presidents, and D.G. Donovan, as Co-Trustee under the Mortgage, has hereunto affixed his signature, all as of the day and year first above written. 

 

			
	COMMONWEALTH EDISON COMPANY
		
	By:	 	/s/ Joseph R. Trpik, Jr.
		 	Joseph R. Trpik, Jr.
		 	Senior Vice President,
		 	Chief Financial Officer and Treasurer

  

	
	ATTEST:
	
	 /s/ Lawrence Bachman

	 Lawrence Bachman

	Assistant Secretary

  
  

			
	BNY MELLON TRUST COMPANY OF ILLINOIS
		
	By:	 	/s/ R. Tarnas
		 	R. Tarnas
		 	Vice President

  

	
	ATTEST:
	
	/s/ M. Callahan
	M. Callahan
	Vice President

  

	
	 /s/ D.G. Donovan

	D.G. Donovan

  
 13 

			
	STATE OF ILLINOIS	  	    )
		  	    )
	COUNTY OF COOK	  	    )

 I, MARY E. NOLAN, a Notary Public in and for said County, in the State aforesaid, DO HEREBY CERTIFY that
Joseph R. Trpik, Jr., Senior Vice President, Chief Financial Officer and Treasurer of Commonwealth Edison Company, an Illinois corporation, one of the parties described in and which executed the foregoing instrument, and Lawrence Bachman, Assistant
Secretary of said corporation, who are both personally known to me to be the same persons whose names are subscribed to the foregoing instrument as such Senior Vice President, Chief Financial Officer and Treasurer and Assistant Secretary,
respectively, and who are both personally known to me to be Senior Vice President, Chief Financial Officer and Treasurer and Assistant Secretary, respectively, of said corporation, appeared before me this day in person and severally acknowledged
that they signed, executed and delivered said instrument as their free and voluntary act as such Senior Vice President, Chief Financial Officer and Treasurer and Assistant Secretary, respectively, of said corporation, and as the free and voluntary
act of said corporation, for the uses and purposes therein set forth. 
 GIVEN under my hand and notarial
seal this 6th day of August, A.D. 2013. 

 

	
	/s/ Mary E. Nolan
	Mary E. Nolan
	Notary Public

 (NOTARIAL SEAL) 
 My Commission expires April 23, 2017. 

  
 14 

			
	STATE OF ILLINOIS	  	    )
		  	    )
	COUNTY OF COOK	  	    )

 I, JULIE MEADORS, a Notary Public in and for said County, in the State aforesaid, DO HEREBY CERTIFY that
R. TARNAS, Vice President of BNY Mellon Trust Company of Illinois, an Illinois trust company, one of the parties described in and which executed the foregoing instrument, and M. CALLAHAN, Vice President of said trust company, who are both personally
known to me to be the same persons whose names are subscribed to the foregoing instrument as such Vice Presidents, and who are both personally known to me to be Vice Presidents of said trust company, appeared before me this day in person and
severally acknowledged that they signed, executed and delivered said instrument as their free and voluntary act as such Vice Presidents of said trust company, and as the free and voluntary act of said trust company, for the uses and purposes therein
set forth. 
 GIVEN under my hand and notarial seal this 6th day of August, A.D. 2013. 

 

	
	/s/ Julie Meadors
	Julie Meadors
	Notary Public

 (NOTARIAL SEAL) 
 My Commission expires February 6, 2016. 

  
 15 

			
	STATE OF ILLINOIS	  	    )
		  	    )
	COUNTY OF COOK	  	    )

 I, JULIE MEADORS, a Notary Public in and for said County, in the State aforesaid, DO HEREBY CERTIFY that
D.G. DONOVAN, one of the parties described in and which executed the foregoing instrument, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and
acknowledged that he signed, executed and delivered said instrument as his free and voluntary act for the uses and purposes therein set forth. 
 GIVEN under my hand and notarial seal this 6th day of August, A.D. 2013. 
  

	
	/s/ Julie Meadors
	Julie Meadors
	Notary Public

 (NOTARIAL SEAL) 
 My Commission expires February 6, 2016. 

  
 16 

 EXHIBIT A 
 LEGAL DESCRIPTIONS 
 [omitted]f8k081313ex10i_mediamech.htm

 

Exhibit 10.1

Stock Purchase Agreement

Dated as of July 31, 2013

By and Among

Scott Kettle

And

Matthew Zipchen

And

Violetta Pioro

and

Media Mechanics, Inc.

 

 

  

 

  

 

 

Table of Contents

 

	
Section 1. Construction and Interpretation

	
3

	
    1.1. Principles of Construction.

	
3

	
Section 2.  The Transaction

	
4

	
    2.1. Purchase Price:

	
4

	
    2.2. Transfer of Shares and Terms of Payment:

	
4

	
    2.3. Closing.

	
4

	
Section 3.  Representations and Warranties

	
4

	
    3.1. Representations and Warranties of the Sellers:

	
4

	
    3.2. Covenants of the Sellers and the Company.

	
7

	
Section 4.  Miscellaneous

	
9

	
    4.1. Expenses.

	
9

	
    4.2. Governing Law.

	
9

	
    4.3. Resignation of Old and Appointment of New Board of Directors and Officers.

	
9

	
    4.4. Disclosure.

	
10

	
    4.5. Notices.

	
10

	
    4.6. Parties in Interest.

	
10

	
    4.7. Entire Agreement.

	
10

	
    4.8. Amendments.

	
11

	
    4.9. Severability.

	
11

	
    4.10. Counterparts.

	
11

	  	  

 

  

2

  

 

Stock Purchase Agreement

This stock purchase agreement (“Agreement”), dated as of July 31, 2012, is entered into by and among Media Mechanics, Inc. (“Media Mechanics” or the “Company”) and Matthew Zipchen and Violetta Pioro (collectively referred to as the “Sellers”), and Scott Kettle (“Purchaser” and together with the Company and the Sellers, the “Parties”).

W i t n e s s e t h:

Whereas, the Sellers, are shareholder of Media Mechanics, a corporation organized and existing under the laws of the State of Nevada, who own and/or control in the aggregate 7,500,000 shares of the Company, which represents 75% of the issued and outstanding common shares of the Company; and

Whereas, the Purchaser desires to acquire all of Sellers’ shares of the Company.

Now, Therefore, in consideration of the premises and of the covenants, representations, warranties and agreements herein contained, the Parties have reached the following agreement with respect to the sale by the Sellers of such common stock of the Company to the Purchaser:

Section 1. Construction and Interpretation

1.1. Principles of Construction.

(a) All references to Articles, Sections, subsections and Appendixes are to Articles, Sections, subsections and Appendixes in or to this Agreement unless otherwise specified.  The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement.  The term “including” is not limiting and means “including without limitations.”

(b) In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including.”

(c) The Table of Contents hereto and the Section headings herein are for convenience only and shall not affect the construction hereof.

(d) This Agreement is the result of negotiations among and has been reviewed by each Party’s counsel.  Accordingly, this Agreement shall not be construed against any Party merely because of such Party’s involvement in its preparation.

(e) Wherever in this Agreement the intent so requires, reference to the neuter, masculine or feminine shall be deemed to include each of the other, and reference to either the singular or the plural shall be deemed to include the other.

  

3

  

 

Section 2.  The Transaction

2.1. Purchase Price.

The Sellers hereby agrees to sell to the Purchaser in reliance on the representations and warranties contained herein, and subject to the terms and conditions of this Agreement, and the Purchaser agrees to purchase from the Sellers 7,500,000 common shares of the capital stock of Media Mechanics (the “Acquired Shares”) for a total purchase price of $250,000 (the “Purchase Price”), according to the terms of this Agreement.

2.2. Transfer of Shares and Terms of Payment.

In consideration for the transfer of the Acquired Shares by the Sellers to the Purchaser, the Purchaser shall pay the Purchase Price in accordance with the terms of this Agreement.  Transfer of the shares and payment thereof shall be in the following manner:

	
i)  

	
Upon execution of this Agreement, the Purchaser shall transfer the Purchase Price to Anslow & Jaclin, LLP (the “Escrow Agent”);

	
ii)  

	
Simultaneously with the transfer of the Purchase Price, the Sellers shall deliver to the Escrow Agent the certificates for the Acquired Shares duly endorsed for transfer or with executed stock powers medallion guaranteed attached to be released and delivered to the Purchaser upon receipt of the Purchase Price by the Escrow Agent.

2.3. Closing.

Subject to the terms and conditions of this Agreement, the Closing shall take place by wire transfer and overnight mail on or before July 12, 2013 (the “Closing Date”). However such funds shall not be released from escrow until authorization is received from both the Sellers and the Buyer confirming that they are satisfied that all closing conditions have been met.

Section 3.  Representations and Warranties

3.1. Representations and Warranties of the Sellers and the Company. The Sellers and the Company hereby make the following representations and warranties to the Purchaser:

3.1.1           The Company is a corporation duly organized and validly existing under the laws of the State of Nevada and has all corporate power necessary to engage in all transactions in which it has been involved, as well as any general business transactions in the future that may be desired by its directors.

3.1.2           The Company is in good standing with the Secretary of State of Nevada.

3.1.3           Prior to or at Closing, all of the Company’s outstanding debts and obligations shall be paid off (at no expense or liability to the Purchaser) and the Sellers shall provide evidence of such payoff to the Purchaser’ reasonable satisfaction.  Should the Purchaser discover any obligation of the Company that was not paid prior to the Closing Date, the Sellers shall indemnify the Purchaser for any and all such liabilities, whether outstanding or contingent at the time of Closing.

 

  

4

  

 

3.1.4           The Company will have no assets or liabilities at the Closing Date.

3.1.5           The Company is not subject to any pending or threatened litigation, claims or lawsuits from any party, and there are no pending or threatened proceedings against the Company by any federal, state or local government, or any department, board, agency or other body thereof.

3.1.6           The Company is not a party to any contract, lease or agreement which would subject it to any performance or business obligations after the Closing.

Notwithstanding the foregoing, the Company has an existing contract with Globex Transfer, LLC to act as the Company’s transfer agent.

3.1.7           The Company does not own any real estate or any interests in real estate.

3.1.8           The Company is not liable for any taxes, including income, real or personal property taxes, to any governmental or state agencies whatsoever.  The Company has timely filed all income, real or personal property, sales, use, employment or other governmental tax returns or reports required to be filed by it with any federal, state or other governmental agency and all taxes required to be paid by the Company in respect of such returns have been paid in full.  None of such returns are subject to examination by any such taxing authority and the Company has not received notice of any intention to require the Company to file any additional tax returns in any jurisdiction to which it may be subject.

 

3.1.9             The Company, to the actual knowledge of Sellers, is not in violation of any provision of laws or regulations of federal, state or local government authorities and agencies.

3.1.10           The Sellers is the lawful owner of record of the Acquired Shares, and the Sellers presently has, and will have at the Closing Date, the power to transfer and deliver the Acquired Shares to the Purchaser in accordance with the terms of this Agreement.  The delivery to the Purchaser of certificates evidencing the transfer of the Acquired Shares pursuant to the provisions of this Agreement will transfer to the Purchaser good and marketable title thereto, free and clear of all liens, encumbrances, restrictions and claims of any kind.

3.1.11           There are no authorized shares of the Company other than 200,000,000 common shares and the 100,000,000 preferred shares, and there are 10,000,000 issued and outstanding shares of the Company.  Sellers at the Closing Date will have full and valid title to the Acquired Shares, and there will be no existing impediment or encumbrance to the sale and transfer of the Acquired Shares to the Purchaser; and on delivery to the Purchaser of the Acquired Shares being sold hereby, all of such Shares shall be free and clear of all liens, encumbrances, charges or assessments of any kind; such Shares will be legally and validly issued and fully paid and non-assessable shares of the Company’s common stock; and all such common stock has been issued under duly authorized resolutions of the Board of Directors of the Company.

3.1.12           All issuances of the Company of the Shares in past transactions have been legally and validly effected, without violation of any preemptive rights, if any existed, and all of such shares of common stock are fully paid and non-assessable.

 

  

5

  

 

3.1.13           There are no outstanding subscriptions, options, warrants, convertible securities or rights or commitments of any nature in regard to the Company’s authorized but unissued common stock or any agreements restricting the transfer of outstanding or authorized but unissued common stock. There are no shareholders agreements, voting agreements or other similar agreements with respect to the Company’s capital stock to which the Company is a party or, to the knowledge of the Company, between or among any of the Company’s shareholders.

3.1.14           There are no outstanding judgments, liens or any other security interests filed against the Company or any of its properties.

3.1.15           The Company has no subsidiaries.

3.1.16           The Company has no employment contracts or agreements with any of its officers, directors, or with any consultants; and the Company has no employees or other such parties.

3.1.17           The Company has no insurance or employee benefit plans whatsoever.

3.1.18           The Company is not in default under any contract, or any other document.

3.1.19           The Company has no outstanding powers of attorney and no obligations concerning the performance of the Sellers concerning this Agreement.

3.1.20           The execution and delivery of this Agreement, and the subsequent Closing, will not result in the breach by the Company or the Sellers of (i) any agreement or other instrument to which they are or have been a party or (ii) the Company’s Articles of Incorporation or Bylaws.

3.1.21           All financial and other information which the Company and/or the Sellers furnished or will furnish to the Purchaser, including information with regard to the Company and/or the Sellers contained in the SEC filings filed by the Company since its inception (i) is true, accurate and complete as of its date and in all material respects except to the extent such information is superseded by information marked as such, (ii) does not omit any material fact and is not misleading, and (iii) presents fairly the financial condition of the organization as of the date and for the period covered thereby.

3.1.22           The Company has a Registration Statement on Form S-1 that went effective on July 27, 2012, and there are no proceedings pending to revoke or terminate such registration.  Since such date, the Company has filed all periodic reports with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, including its Quarterly Report on Form 10-Q for the quarter ended April 30, 2013.

The representations and warranties herein by the Sellers and the Company shall be true and correct in all material respects on and as of the Closing Date hereof with the same force and effect as though said representations and warranties had been made on and as of the Closing Date.

The representations and warranties made above shall survive the Closing Date and shall expire for all purposes in the date numerically corresponding to the Closing Date in the thirty-sixth month after the Closing Date.

 

  

6

  

 

3.2. Covenants of the Sellers and the Company.

From the date of this Agreement and until the Closing Date, the Sellers and the Company covenant the following:

3.2.1           The Sellers will, to the best of his ability, preserve intact the effectiveness of the Company’s Registration Statement on Form S-1.

3.2.2           The Sellers will furnish Purchaser with all corporate records and documents, such as Articles of Incorporation and Bylaws, minute books, stock books, or any other corporate document or record (including financial and bank documents, books and records) requested by the Purchaser.

3.2.3           The Company will not enter into any contract or business transaction, merger or business combination, make any material purchases or acquisitions, or incur any further debts or obligations without the express written consent of the Purchaser.

3.2.4           The Company will not amend or change its Articles of Incorporation or Bylaws, or issue any further shares or create any other class of shares in the Company without the express written consent of the Purchaser.

3.2.5           The Company will not issue any stock options, warrants or other rights or interests in or to its shares without the express written consent of the Purchaser.

3.2.6           The Sellers will not encumber or mortgage any right or interest in his Shares being sold to the Purchaser hereunder, and also they will not transfer any rights to such shares of the common stock to any third party whatsoever.

3.2.7           The Company will not declare any dividend in cash or stock, or any other benefit.

3.2.8           The Company will not institute any bonus, benefit, profit sharing, stock option, pension retirement plan or similar arrangement.

3.2.9           At Closing, the Company and the Sellers will obtain and submit to the Purchaser resignations of current officers and directors.

3.2.10         The Sellers agrees to indemnify the Purchaser against and to pay any loss, damage, expense or claim or other liability incurred or suffered by the Purchaser by reason of the breach of any covenant or inaccuracy of any warranty or representation contained in this Agreement.

3.2.11         For thirty-six months after Closing, the Sellers agrees to cooperate with the Purchaser and provide the Purchaser and the Company with any documentation and assistance that they may reasonable require to file Exchange Act on behalf of the Company.

 

  

7

  

 

3.3              Representations and Warranties of the Purchaser. The Purchaser hereby make the following representations and warranties to the Sellers:

3.3.1           The Purchaser has the requisite power and authority to enter into and perform this Agreement and to purchase the shares being sold to it hereunder.  The execution, delivery and performance of this Agreement by such Purchaser and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action, and no further consent or authorization of such Purchaser are required.  This Agreement has been duly authorized, executed and delivered by such Purchaser and constitutes, or shall constitute when executed and delivered, a valid and binding obligation of such Purchaser enforceable against such Purchaser in accordance with the terms thereof.

3.3.2           The Purchaser is, and will be at the time of the execution of this Agreement, an “accredited investor”, as such term is defined in Regulation D promulgated by the Commission under the Securities Act of 1933, as amended (the “1933 Act”), is experienced in investments and business matters, has made investments of a speculative nature and has purchased securities of United States publicly-owned companies in the past and, with its representatives, has such knowledge and experience in financial, tax and other business matters as to enable such Purchaser to utilize the information made available by the Company to evaluate the merits and risks of and to make an informed investment decision with respect to the proposed purchase, which represents a speculative investment.  The Purchaser has the authority and are duly and legally qualified to purchase and own shares of the Company.  The Purchaser is able to bear the risk of such investment for an indefinite period and to afford a complete loss thereof.  The information set forth on the signature page hereto regarding the Purchaser is accurate.

3.3.3           On the Closing Date, such Purchaser will purchase the Acquired Shares pursuant to the terms of this Agreement for its own account for investment only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.

3.3.4           The Purchaser understand and agree that the Acquired Shares have not been registered under the 1933 Act or any applicable state securities laws, by reason of their issuance in a transaction that does not require registration under the 1933 Act (based in part on the accuracy of the representations and warranties of the Purchaser contained herein), and that such Acquired Shares must be held indefinitely unless a subsequent disposition is registered under the 1933 Act or any applicable state securities laws or is exempt from such registration.  In any event, and subject to compliance with applicable securities laws, the Purchaser may enter into lawful hedging transactions in the course of hedging the position they assume and the Purchaser may also enter into lawful short positions or other derivative transactions relating to the Acquired Shares, or interests in the Acquired Shares, and deliver the Acquired Shares, or interests in the Acquired Shares, to close out their short or other positions or otherwise settle other transactions, or loan or pledge the Acquired Shares, or interests in the Acquired Shares, to third parties who in turn may dispose of these Acquired Shares.

 

  

8

  

 

3.3.5           The Acquired Shares shall bear the following or similar legend:

“THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

3.3.6           The offer to sell the Acquired Shares was directly communicated to the Purchaser by the Company.  At no time were the Purchaser presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement, or any other form of general advertising or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently with such communicated offer.

3.3.7           The Purchaser represents that the foregoing representations and warranties are true and correct as of the date hereof and, unless the Purchaser otherwise notify the Company prior to the Closing Date shall be true and correct as of the Closing Date.

3.3.8           The foregoing representations and warranties shall survive the Closing Date and for a period of one year thereafter.

Section 4.  Miscellaneous

4.1. Expenses.

Each of the Parties shall bear his own expenses in connection with the transactions contemplated by this Agreement.

4.2. Governing Law.

The interpretation and construction of this Agreement, and all matters relating hereto, shall be governed by the laws of the State of Nevada applicable to agreements executed and to be wholly performed solely within such state.

4.3. Resignation of Old and Appointment of New Board of Directors and Officers.

The Company and the Sellers shall take such corporate action(s) required by the Company’s Articles of Incorporation and/or Bylaws to (a) appoint the below named persons to their respective positions, to be effective on the eleventh day following the Closing Date, and (b) obtain and submit to the Purchaser, together with all required corporate action(s) the resignation of the current board of directors, and any and all corporate officers and check signers as of the Closing Date.

 

  

9

  

 

	
Name

	
Position

	
Scott Kettle

	
Director, President, CEO

4.4. Disclosure.

The Sellers and the Company agree that they will not make any public comments, statements, or communications with respect to, or otherwise disclose the execution of this Agreement or the terms and conditions of the transactions contemplated by this Agreement without the prior written consent of the Purchaser, which consent shall not be unreasonably withheld.

 

4.5. Notices.

Any notice or other communication required or permitted under this Agreement shall be sufficiently given if delivered in person or sent by facsimile or by overnight registered mail, postage prepaid, addressed as follows:

If to Sellers, to:

Matthew Zipchen

Violetta Pioro

100 Western Battery Rd., Suite 160

Toronto, ON, Canada

If to the Company:

Media Mechanics, Inc.

100 Western Battery Rd., Suite 160

Toronto, ON, Canada

If to the Purchaser, to:

Scott Kettle

528 N. Sweetzer Avenue

Los Angeles, CA 90048

Or such other address or number as shall be furnished in writing by any such Party, and such notice or communication shall, if properly addressed, be deemed to have been given as of the date so delivered or sent by facsimile.

4.6. Parties in Interest.

This Agreement may not be transferred, assigned or pledged by any Party hereto, other than by operation of law.  This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

4.7. Entire Agreement.

This Agreement and the other documents referred to herein contain the entire understanding of the Parties hereto with respect to the subject matter contained herein. This Agreement shall supersede all prior agreements and understandings between the Parties with respect to the transactions contemplated herein.

 

  

10

  

 

4.8. Amendments.

This Agreement may not be amended or modified orally, but only by an agreement in writing signed by the Parties.

4.9. Severability.

In case any provision in this Agreement shall be held invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof will not in any way be affected or impaired thereby.

4.10. Counterparts.

This Agreement may be executed in any number of counterparts, including counterparts transmitted by telecopier, PDF or facsimile transmission, any one of which shall constitute an original of this Agreement.  When counterparts of copies have been executed by all parties, they shall have the same effect as if the signatures to each counterpart or copy were upon the same document and copies of such documents shall be deemed valid as originals.  The Parties agree that all such signatures may be transferred to a single document upon the request of any Party.

[-signature page follows-]

 

  

11

  

 

 

In Witness Whereof, each of the Parties hereto has caused its/his name to be hereunto subscribed as of the day and year first above written.

 

 

	 	 Company: 

MEDIA MECHANICS, INC.

 

By:        /s/ Matthew Zipchen                         

Name:   Matthew Zipchen

Title:     President

 

 

Sellers:

 

By:      /s/ Matthew Zipchen                        

Name: Matthew Zipchen, individually

By:     /s/ Violeta Pioro                                 

Name: Violeta Pioro, individually

 

Purchaser:

 

By:      /s/ Scott Kettle                                  

Name:  Scott Kettle

 

 

12

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