Document:

Supplemental Indenture to Delmarva Power &amp; Light Company Mortgage

 Exhibit 4.45.1 

 

	
	This Instrument Prepared By:
	
	 /s/ Christie D. Cannon

	Christie D. Cannon
	Delmarva Power & Light Company
	Mailstop 92DC42
	500 N. Wakefield Drive
	Newark, DE 19702-5440

  
  

 
 DELMARVA POWER & LIGHT
COMPANY 
 TO 
 THE BANK OF NEW
YORK MELLON, 
 Trustee. 
  

 
 ONE HUNDRED AND
SEVENTEENTH SUPPLEMENTAL 
 INDENTURE 
  

 
 Dated as of
January 1, 2016 
 (but executed on the dates shown on the execution page) 

 
  

 

  
 1 

 This ONE HUNDRED AND SEVENTEENTH SUPPLEMENTAL INDENTURE, dated as of the first day of
January, 2016 (but executed on the dates hereinafter shown), made and entered into by and between DELMARVA POWER & LIGHT COMPANY, a corporation of the State of Delaware and the Commonwealth of Virginia, hereinafter called the Company and
THE BANK OF NEW YORK MELLON, a New York banking corporation, hereinafter called the Trustee; 
 WITNESSETH: 

WHEREAS, the Company heretofore executed and delivered its Indenture of Mortgage and Deed of Trust (hereinafter in this One Hundred and
Seventeenth Supplemental Indenture called the “Original Indenture”), dated as of October 1, 1943, to The New York Trust Company, a corporation of the State of New York, as Trustee, to which The Bank of New York Mellon is successor
Trustee, to secure the First Mortgage Bonds of the Company, unlimited in aggregate principal amount and issuable in series, from time to time, in the manner and subject to the conditions set forth in the Original Indenture granted and conveyed unto
the Trustee, upon the trusts, uses and purposes specifically therein set forth, certain real estate, franchises and other property therein described, including property acquired after the date thereof, except as therein otherwise provided; and 

WHEREAS, the Original Indenture has been supplemented by one hundred and sixteen supplemental indentures specifically subjecting to the lien
of the Original Indenture as though included in the granting clause thereof certain property in said supplemental indentures specifically described and amending and modifying the provisions of the Original Indenture (the Original Indenture, as
amended, modified and supplemented by all of the indentures supplemental thereto, including this One Hundred and Seventeenth Supplemental Indenture, is hereinafter in this One Hundred and Seventeenth Supplemental Indenture called the
“Indenture”); and 
 WHEREAS, the execution and delivery of this One Hundred and Seventeenth Supplemental Indenture has been duly
authorized by Unanimous Written Consent of the Board of Directors of the Company, and all conditions and requirements necessary to make this One Hundred and Seventeenth Supplemental Indenture a valid, binding and legal instrument in accordance with
its terms, for the purposes herein expressed, and the execution and delivery hereof, have been in all respects duly authorized; and 

WHEREAS, it is provided in and by the Original Indenture, inter alia, as follows: 

“IT IS HEREBY AGREED by the Company that all the property, rights and franchises acquired by the Company after the date
hereof (except any hereinbefore or hereinafter expressly excepted) shall (subject to the provisions of Section 9.01 hereof and to the extent permitted by law) be as fully embraced within the lien hereof as if such property, rights and
franchises were now owned by the Company and/or specifically described herein and conveyed hereby;” 
 and 

WHEREAS, the Company has acquired certain other property, real, personal and mixed, which heretofore has not been specifically conveyed to the
Trustee; 
 NOW, THEREFORE, this ONE HUNDRED AND SEVENTEENTH SUPPLEMENTAL INDENTURE WITNESSETH that for and in consideration of the premises
and in pursuance of the provisions of the Indenture, the Company has granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed, and by these presents does grant, bargain, sell, release, convey,
assign, transfer, mortgage, pledge, set over and confirm unto the Trustee and to its successors in the trust in the Indenture created, to its and their assigns forever, all the following described properties of the Company, and does confirm that the
Company will not cause or consent to a partition, either voluntary or through legal proceedings, of property, whether herein described or 

  
 2 

 
heretofore or hereafter acquired, in which its ownership shall be as tenant in common, except as permitted by, and in conformity with, the provisions of the Indenture and particularly of Article
IX thereof: 
 DELAWARE 
 Sussex County

  

									
	 Property Name
	  	 Instrument
Date
	  	 Deed Records
	  	 Tax Map No.

	 	  	 	  	 Liber
	  	 Folio
	  	 
	Midway Substation	  	11/17/2015	  	4472	  	4	  	334-06.00-497.00

 MARYLAND 

Harford County 
  

									
	 Property Name
	  	 Instrument
Date
	  	 Deed Records
	  	 Tax Map No.

	 	  	 	  	 Liber
	  	 Folio
	  	 
	Prospect Road Land Purchase - DPL MD CAP H1 [Paul J. Madden & Brittany Madden]	  	12/29/2015	  	11602	  	414	  	TM 18, Parcel 304

 MARYLAND 

Wicomico County 
  

									
	 Property Name
	  	 Instrument
Date
	  	 Deed Records
	  	 Tax Map No.

	 	  	 	  	 Liber
	  	 Folio
	  	 
	Chesapeake Substation	  	12/29/2015	  	3945	  	465	  	Map 38 Parcel 103 & Map 38 Parcel 369 Lot 27

 Together with all other property, real, personal and mixed, tangible and intangible (except such property as
in said Indenture expressly excepted from the lien and operation thereof), acquired by the Company on or prior to December 31, 2015, and not heretofore specifically subjected to the lien of the Indenture. 

  
 3 

 Also without limitation of the generality of the foregoing, the easements and rights-of-way and other rights in or relating to real estate or the occupancy of the same owned by the Company, and whether used or not used in connection with the
Company’s operations, which are conveyed to the Company and recorded in the following Real Property Deed Records to which reference is made for a more particular description, to wit: 

DELAWARE 
 New Castle County 

 

					
	 Instrument Date
	  	 Instrument No.
	  	 Tax ID No.

	01/30/2015	  	20150227-0009102	  	1401100072
	02/17/2015	  	20150320-0012858	  	2602930254, 2602930261
	02/25/2015	  	20150311-0011350	  	1502000074
	03/24/2015	  	20150331-0014740	  	1102300025
	03/26/2015	  	20150406-0015639	  	611500141
	05/05/2015	  	20150611-0028549	  	1501100121
	05/06/2015	  	20150527-0024976	  	1501000121
	05/12/2015	  	20150528-0025500	  	1104100014
	05/13/2015	  	20150528-0025501	  	804510252
	07/14/2015	  	20150819-0042053	  	1301100047M001
	07/14/2015	  	20150819-0042054	  	1301100009
	08/03/2015	  	20150818-0041630	  	1301300148
	08/05/2015	  	20150819-0042052	  	0901100065
	08/05/2015	  	20150825-0043084	  	1401500262
	08/11/2015	  	20150825-0043051	  	0611000003
	09/14/2015	  	20151006-0051092	  	0804000019
	09/15/2015	  	20151006-0051093	  	0702700119
	09/16/2015	  	20160119-0002254	  	0804220028
	09/29/2015	  	20160119-0002253	  	2602610035
	10/01/2015	  	20151016-0053150	  	0611200012
	10/02/2015	  	20151110-0058220	  	0604600159
	10/09/2015	  	20151020-0053692	  	0605200247
	10/09/2015	  	20151020-0053691	  	0613100019
	10/09/2015	  	20151020-0053690	  	0605200248
	10/13/2015	  	20160119-0002252	  	0902400030
	10/15/2015	  	20151028-0055310	  	0605700142
	10/15/2015	  	20160119-0002250	  	1003500022, 1003500025, 1003500026
	10/19/2015	  	20151028-0055311	  	0901700076
	10/19/2015	  	20151201-0061397	  	1300300001, 1300300002, 1300700020, 1300700021, 1300800001, 1300800002
	10/30/2015	  	20151211-0063727	  	1101300015
	11/10/2015	  	20151201-0061396	  	1301100165
	11/23/2015	  	20160119-0002249	  	0803910138
	11/25/2015	  	20151211-0063726	  	0615000306
	12/15/2015	  	20160129-0004536	  	0801310209, 0801310210, 0801310234, 0801310282
	01/04/2016	  	20160119-0002251	  	0702900036

  
 4 

					
	 Instrument Date
	  	 Instrument No.
	  	 Tax ID No.

	01/05/2016	  	20160119-0002248	  	1103620042, 1103620073, 1103640073, 1103640188, 1103710037, 1103710040, 1103730220, 1103730226
	01/07/2015	  	20150116-0002216	  	0607100248, 0607100249, 0607100250, 0607100255, 0607100256, 0607100257 0607100260, 0607100264, 0605800457
	01/07/2015	  	20150016-0002217	  	0607100156, 0607100157, 0607100259, 0607100261
	07/17/2014	  	20150116-0002439	  	0801700003
	07/17/2014	  	20150116-0002440	  	0801700120
	07/17/2014	  	20150116-0002441	  	0801700034
	07/29/2014	  	20150116-0002442	  	0801710001
	08/27/2014	  	20150116-0002443	  	0802340091
	07/18/2014	  	20150116-0002438	  	0801100002
	07/18/2014	  	20150116-0002437	  	0801700031
	07/18/2014	  	20150116-0002436	  	0801700002
	11/19/2014	  	20150116-0002444	  	2603540058
	01/26/2015	  	20150127-0003924	  	1300900057
	02/05/2015	  	20150219-0007706	  	0604600047
	02/05/2015	  	20150219-0007707	  	0603500244
	02/05/2015	  	20150219-0007708	  	0604600248
	02/05/2015	  	20150219-0007709	  	0604600249
	02/05/2015	  	20150219-0007710	  	0604600250
	01/29/2015	  	20150219-0007967	  	1401100073
	10/30/2014	  	20150211-0006654	  	1101300015

 DELAWARE 
 Kent
County 
  

					
	 Instrument Date
	  	 Instrument Number
	  	 Tax ID No.

	11/23/2014	  	2015-269001	  	6-00-15900-01-2809-00001
	12/23/2014	  	2015-270213	  	6-00-17900-02-0100-00001
	01/14/2015	  	2015-269325	  	6-00-14800-01-4100-00001
	04/21/2015	  	2015-275053	  	5-00-17200-02-2000-00001
	05/18/2015	  	2015-276538	  	3-00-04600-02-1504-00001
	05/18/2015	  	2015-276539	  	3-00-04600-02-1504-00001
	05/27/2015	  	2015-276540	  	4-03-0469.00-01-07.27000
	06/09/2015	  	2015-277709	  	7-00-10200-02-2300-00001
	07/21/2015	  	2015-279352	  	2-00-07500-01-1203-00001
	07/21/2015	  	2015-279353	  	2-00-07500-01-1205-00001
	09/23/2015	  	2015-284125	  	3-00-01600-01-1101-00001

  
 5 

 DELAWARE 

Sussex County 
  

							
	 Instrument Date
	  	
            Deed
Records            
	  	 Tax ID No.

	 	  	 Book
	  	 Page
	  	 
	06/11/2014	  	4345	  	159	  	 334-10.00-30.26

334-10.00-30.27

	12/17/2014	  	4357	  	151	  	533-18.00-84.00
	01/14/2015	  	4362	  	33	  	234-33.00-23.02
	01/22/2015	  	4362	  	30	  	334-13.00-325.37
	02/03/2015	  	4371	  	273	  	234-50.02-08
	04/26/2015	  	4398	  	256	  	432-7.00-25.01
	05/11/2015	  	4406	  	298	  	433-6.15-44.00-PARK
	05/12/2015	  	4420	  	24	  	33450015204
	05/18/2015	  	4420	  	22	  	533-11.00-18.02
	05/23/2015	  	4406	  	296	  	134-23.12-62.00
	06/11/2015	  	4420	  	26	  	334-60.06-609
	06/24/2015	  	4422	  	333	  	 334-10.00-73.00

334-10.00-74.00

	07/20/2015	  	4440	  	141	  	530-9.00-47.00
	07/20/2015	  	4440	  	139	  	234-5.00-46.03
	09/10/2015	  	4460	  	68	  	331-2.00-15.00
	09/12/2015	  	4460	  	70	  	132-13.00-7.00
	09/29/2015	  	4458	  	334	  	234-32.00-110.00
	10/02/2015	  	4458	  	320	  	334-5.00-88.00
	10/30/2015	  	4469	  	21	  	5-32-13.00-32.01
	11/10/2015	  	4480	  	220	  	334-13.00-325.18
	12/17/2015	  	4496	  	308	  	134-20.08-5500

 MARYLAND 

Caroline County 
  

											
	 Instrument Date
	  	
              
  Deed Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Book
	  	 Page
	  	 	  	 	  	 
	02/16/2015	  	1151	  	233	  	53	  	84	  	2
	07/08/2015	  	1165	  	180	  	23	  	105	  	1-24
	08/24/2015	  	1172	  	464	  	14	  	47	  	2
	10/10/2015	  	1177	  	461	  	100	  	1165	  	
	09/28/2015	  	1177	  	459	  	59	  	82	  	

  
 6 

 MARYLAND 

Cecil County 
  

											
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Book
	  	 Page
	  	 	  	 	  	 
	12/02/2014	  	3770	  	303	  	30	  	116	  	
	12/02/2014	  	3770	  	309	  	30	  	3 &97	  	
	03/27/2015	  	3727	  	191	  	25	  	719	  	
	04/02/2015	  	3724	  	232	  	6	  	28	  	
	04/10/2015	  	3724	  	234	  	38	  	13	  	
	04/10/2015	  	3724	  	236	  	38	  	12	  	
	04/10/2015	  	3724	  	240	  	38	  	192	  	
	04/15/2015	  	3724	  	238	  	38	  	20	  	
	04/15/2015	  	3724	  	242	  	38	  	208	  	
	04/27/2015	  	3727	  	189	  	25	  	325	  	
	05/02/2015	  	3770	  	307	  	38	  	9	  	
	05/14/2015	  	3732	  	13	  	13	  	497	  	
	08/12/2015	  	3770	  	301	  	38	  	379	  	
	08/24/2015	  	3779	  	348	  	31	  	47	  	
	08/29/2015	  	3783	  	249	  	14	  	462	  	
	11/06/2015	  	3818	  	390	  	20	  	123	  	
	11/06/2015	  	3818	  	393	  	18	  	432	  	
	11/20/2015	  	3824	  	7	  	19	  	505	  	
	12/04/2015	  	3832	  	404	  	19	  	159	  	
	12/10/2015	  	3832	  	402	  	52	  	18	  	
	12/22/2014	  	3674	  	475	  	42	  	73	  	
	01/10/2015	  	3674	  	477	  	11	  	9	  	1
	01/10/2015	  	3674	  	479	  	11	  	9	  	

 MARYLAND 

Dorchester County 
  

											
	 Instrument Date
	  	
            Deed 
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	09/14/2014	  	1248	  	364	  	31	  	135	  	
	02/19/2015	  	1256	  	497	  	6	  	87	  	
	06/01/2015	  	1309	  	188	  	32	  	76	  	
	01/15/2015	  	1247	  	189	  	33	  	10	  	
	09/08/2014	  	1247	  	193	  	31	  	135	  	
	01/16/2015	  	1247	  	326	  	33	  	10	  	
	01/20/2015	  	1249	  	32	  	400	  	589	  	
	01/27/2015	  	1251	  	298	  	6	  	130	  	

  
 7 

 MARYLAND 

Harford County 
  

											
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	05/09/2015	  	11276	  	482	  	17	  	268	  	
	02/04/2015	  	11129	  	39	  	12	  	34	  	

 MARYLAND 
 Kent
County 
  

											
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	11/12/2014	  	815	  	285	  	42	  	21	  	
	11/30/2014	  	826	  	349	  	53	  	52	  	
	12/05/2014	  	826	  	353	  	53	  	8	  	
	12/05/2014	  	818	  	130	  	53	  	54	  	
	12/08/2014	  	826	  	351	  	53	  	3	  	
	12/12/2014	  	818	  	136	  	53	  	9	  	
	12/20/2014	  	818	  	132	  	53	  	45	  	
	12/23/2014	  	818	  	134	  	36	  	169	  	
	01/06/2015	  	818	  	128	  	42	  	154	  	
	01/29/2015	  	820	  	70	  	48	  	20	  	
	01/29/2015	  	820	  	72	  	53	  	14	  	
	01/29/2015	  	820	  	74	  	48	  	78	  	
	03/06/2015	  	822	  	455	  	44	  	308	  	1
	04/06/2015	  	826	  	343	  	53	  	20	  	
	04/06/2015	  	826	  	340	  	53	  	14	  	
	04/06/2015	  	826	  	346	  	53	  	78	  	
	04/09/2015	  	834	  	478	  	53	  	3	  	
	05/01/2015	  	829	  	200	  	44	  	231	  	
	05/04/2015	  	834	  	493	  	53	  	29	  	
	05/08/2015	  	834	  	496	  	53	  	53	  	
	05/11/2015	  	834	  	481	  	53	  	6	  	
	05/14/2015	  	829	  	436	  	201	  	399	  	
	05/15/2015	  	829	  	433	  	4	  	173	  	
	05/19/2015	  	834	  	490	  	53	  	24	  	
	05/27/2015	  	834	  	484	  	53	  	9	  	
	05/28/2015	  	834	  	487	  	53	  	18	  	
	06/03/2015	  	835	  	426	  	53	  	48	  	
	06/03/2015	  	835	  	429	  	53	  	31	  	
	06/25/2015	  	835	  	423	  	48	  	54	  	
	07/13/2015	  	837	  	27	  	47	  	83	  	
	09/01/2015	  	818	  	339	  	53	  	2	  	
	09/02/2015	  	841	  	314	  	55	  	55	  	3
	09/02/2015	  	841	  	316	  	55	  	55	  	4

  
 8 

											
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	09/02/2015	  	841	  	318	  	55	  	55	  	5
	09/02/2015	  	841	  	320	  	55	  	73	  	
	
	MARYLAND
	
	Queen Anne’s County
					
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	09/24/2014	  	2366	  	474	  	58D	  	420	  	
	12/17/2014	  	2361	  	54	  	58D	  	419	  	
	12/17/2014	  	2361	  	51	  	58E	  	427	  	
	12/19/2014	  	2366	  	471	  	58D	  	425	  	
	01/14/2015	  	2368	  	298	  	64	  	60 & 31	  	
	01/22/2015	  	2375	  	33	  	10	  	88	  	
	01/24/2015	  	2375	  	29	  	10	  	13	  	
	02/02/2015	  	2379	  	139	  	64	  	32	  	
	02/11/2015	  	2377	  	257	  	45	  	46	  	
	03/25/2015	  	2437	  	358	  	63	  	28	  	
	03/25/2015	  	2437	  	362	  	63	  	27	  	3
	03/25/2015	  	2437	  	366	  	63	  	27	  	4
	03/26/2015	  	2393	  	180	  	48	  	42	  	
	04/30/2015	  	2437	  	370	  	63	  	85	  	
	05/18/2015	  	2413	  	109	  	65	  	30	  	
	06/10/2015	  	2437	  	383	  	63	  	41	  	1
	06/19/2015	  	2437	  	374	  	58H	  	201	  	
	06/19/2015	  	2437	  	377	  	65	  	45	  	
	06/19/2015	  	2437	  	380	  	65	  	46	  	
	06/22/2015	  	2437	  	353	  	44	  	33	  	
	06/24/2015	  	2437	  	78	  	68	  	1	  	
	06/30/2015	  	2437	  	82	  	29	  	4	  	
	08/11/2015	  	2449	  	7	  	51	  	29	  	1-5
	08/19/2015	  	2458	  	399	  	73	  	12	  	
	08/20/2015	  	2453	  	502	  	58D	  	73	  	
	08/31/2015	  	2477	  	1	  	64	  	1	  	
	09/18/2015	  	2466	  	84	  	36	  	62	  	
	09/21/2015	  	2466	  	452	  	35	  	178	  	3
	09/22/2015	  	2485	  	405	  	56	  	50	  	
	09/25/2015	  	2466	  	449	  	17	  	58	  	2
	10/12/2015	  	2487	  	395	  	44B	  	963	  	
	11/02/2015	  	2485	  	402	  	058E	  	57	  	
	11/17/2015	  	2487	  	391	  	581	  	369	  	
	12/01/2015	  	2492	  	437	  	58E	  	57	  	
	12/04/2015	  	2499	  	183	  	7	  	3	  	

  
 9 

 MARYLAND 

Somerset County 
  

											
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	12/04/2014	  	893	  	157	  	65	  	34	  	
	12/05/2014	  	893	  	155	  	57	  	604	  	
	12/12/2014	  	903	  	403	  	41	  	46	  	
	01/07/2015	  	890	  	551	  	7	  	209	  	
	01/30/2015	  	892	  	575	  	101	  	340	  	
	03/04/2015	  	895	  	32	  	79	  	20	  	
	05/27/2015	  	901	  	69	  	58	  	64	  	
	05/27/2015	  	901	  	67	  	58	  	13	  	
	07/22/2015	  	907	  	311	  	19	  	332	  	
	07/22/2015	  	907	  	316	  	19	  	345	  	
	10/20/2015	  	912	  	161	  	200	  	16	  	
	
	MARYLAND
	
	Talbot County
					
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	03/04/2015	  	2250	  	219	  	53	  	119	  	9
	03/04/2015	  	2251	  	1	  	53	  	166	  	2
	03/26/2015	  	2250	  	223	  	59	  	125	  	
	03/31/2015	  	2270	  	274	  	59	  	45	  	
	03/31/2015	  	2270	  	282	  	59	  	61	  	
	03/31/2015	  	2270	  	286	  	59	  	67	  	2
	03/31/2015	  	2270	  	290	  	59	  	81	  	
	04/08/2015	  	2270	  	262	  	59	  	41	  	
	04/10/2015	  	2270	  	266	  	53	  	167	  	
	04/21/2015	  	2270	  	270	  	59	  	20	  	
	05/20/2015	  	2278	  	73	  	53	  	105	  	
	05/21/2015	  	2268	  	307	  	59	  	40&43	  	
	05/28/2015	  	2270	  	258	  	59	  	91	  	
	06/01/2015	  	2270	  	278	  	59	  	107	  	
	06/12/2015	  	2278	  	68	  	62	  	69	  	
	06/12/2015	  	2278	  	63	  	62	  	82	  	
	06/12/2015	  	2278	  	59	  	62	  	63	  	
	06/13/2015	  	2278	  	55	  	62	  	77	  	
	06/30/2015	  	2278	  	51	  	62	  	7	  	
	06/30/2015	  	2287	  	111	  	53	  	119	  	
	07/17/2015	  	2287	  	127	  	59	  	56	  	
	07/21/2015	  	2287	  	131	  	62	  	8	  	
	07/22/2015	  	2290	  	156	  	59	  	119	  	5
	07/23/2015	  	2287	  	123	  	59	  	114	  	

  
 10 

											
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	07/24/2015	  	2290	  	152	  	59	  	119	  	1&2
	07/27/2015	  	2290	  	160	  	59	  	6	  	
	07/27/2015	  	2290	  	164	  	59	  	7	  	
	07/27/2015	  	2290	  	168	  	59	  	111	  	
	07/27/2015	  	2290	  	172	  	59	  	135	  	
	07/29/2015	  	2290	  	176	  	62	  	06&28	  	
	08/07/2015	  	2293	  	450	  	22	  	348	  	
	08/10/2015	  	2287	  	115	  	59	  	23	  	
	08/10/2015	  	2287	  	119	  	59	  	95	  	
	08/10/2015	  	2290	  	180	  	11	  	289	  	
	08/24/2015	  	2307	  	34	  	59	  	119	  	3
	08/24/2015	  	2307	  	38	  	59	  	119	  	4
	08/27/2015	  	2307	  	42	  	59	  	42	  	
	09/18/2015	  	2299	  	69	  	59	  	17	  	
	09/18/2015	  	2299	  	73	  	59	  	24	  	
	09/18/2015	  	2299	  	77	  	59	  	104	  	
	01/07/2016	  	2326	  	378	  	59	  	108	  	
	
	MARYLAND
	
	Wicomico County
					
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	01/14/2015	  	6533	  	1	  	27	  	632	  	
	03/11/2015	  	3873	  	452	  	39	  	181	  	5
	03/14/2015	  	6533	  	9	  	27	  	632	  	
	03/17/2015	  	3832	  	195	  	37	  	116	  	
	03/30/2015	  	3832	  	192	  	37	  	120	  	1&2
	04/09/2015	  	3843	  	141	  	104	  	1344	  	
	04/20/2015	  	3843	  	152	  	48	  	63	  	
	04/20/2015	  	3843	  	155	  	48	  	317	  	
	04/20/2015	  	3843	  	138	  	107	  	 1088

1089
 1090

1091
 1092
	  	
	04/21/2015	  	3843	  	148	  	5	  	10	  	
	04/22/2015	  	3843	  	145	  	70	  	16	  	
	05/11/2015	  	3851	  	238	  	48	  	319	  	
	05/13/2015	  	3873	  	458	  	33	  	50	  	
	05/14/2015	  	3873	  	447	  	39	  	719	  	
	05/18/2015	  	3861	  	0-20	  	106	  	1191	  	
	05/18/2015	  	3861	  	0-15	  	111	  	1114	  	
	05/19/2015	  	3873	  	465	  	31	  	107	  	

  
 11 

											
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	06/09/2015	  	3861	  	248	  	10	  	7	  	
	06/09/2015	  	3873	  	461	  	10	  	7	  	
	09/02/2015	  	841	  	322	  	773	  	804	  	
	09/02/2015	  	3902	  	150	  	773	  	804	  	
	09/02/2015	  	3902	  	153	  	103	  	371	  	
	09/11/2015	  	3906	  	475	  	61	  	82	  	
	09/23/2015	  	3909	  	316	  	600	  	315	  	
	10/05/2015	  	3921	  	163	  	49	  	22	  	
	10/09/2015	  	3913	  	30	  	 30

301
	  	1453	  	
	10/12/2015	  	3923	  	1	  	113	  	1126	  	
	10/19/2015	  	3923	  	6	  	63	  	532	  	
	10/28/2015	  	3933	  	118	  	29	  	9	  	
	10/28/2015	  	3933	  	121	  	29	  	338	  	
	11/10/2015	  	3933	  	124	  	54	  	14	  	
	12/10/2015	  	3942	  	171	  	101	  	 5484

5485
	  	
	12/11/2015	  	3964	  	114	  	31	  	460	  	
	12/15/2015	  	3950	  	286	  	48	  	729	  	
	12/15/2015	  	3950	  	282	  	48	  	306	  	
	12/15/2015	  	3950	  	278	  	48	  	321	  	
	12/15/2015	  	3950	  	274	  	48	  	310	  	
	12/19/2015	  	3950	  	270	  	30	  	105	  	
	12/09/2014	  	3791	  	500	  	49	  	65	  	4,5,6,7
	01/05/2015	  	3800	  	266	  	115	  	2937	  	
	01/14/2015	  	3803	  	368	  	107	  	1887	  	
	01/28/2015	  	3810	  	362	  	106	  	1306	  	7
	
	MARYLAND
	
	Worcester County
					
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	10/28/2014	  	6532	  	469	  	301	  	1707	  	
	11/19/2014	  	6500	  	50	  		  		  	
	12/29/2014	  	6500	  	391	  	115	  	1114A	  	
	02/06/2015	  	6521	  	9	  		  		  	
	02/23/2015	  	6524	  	375	  	15	  	131	  	
	02/28/2015	  	6597	  	110	  	27	  	249	  	
	03/25/2015	  	6561	  	279	  	56	  	83	  	
	03/27/2015	  	6536	  	271	  	110	  	2797	  	
	03/31/2015	  	6566	  	115	  	63	  	153	  	
	04/03/2015	  	6560	  	172	  	115	  	9346	  	
	05/17/2015	  	6569	  	29	  	9	  	165	  	

  
 12 

											
	 Instrument Date
	  	
            Deed
Records            
	  	 Map
	  	 Parcel
	  	 Lot

	 	  	 Liber
	  	 Folio
	  	 	  	 	  	 
	05/20/2015	  	6577	  	227	  	111	  	5749	  	10
	05/20/2015	  	6577	  	230	  	111	  	5754	  	
	05/20/2015	  	6577	  	233	  	111	  	5755	  	4
	05/20/2015	  	6577	  	236	  	111	  	5756	  	5
	05/20/2015	  	6577	  	239	  	111	  	5757	  	6
	05/21/2015	  	6572	  	17	  	9	  	386	  	
	06/24/2015	  	6597	  	107	  	26	  	201	  	
	07/03/2015	  	6609	  	429	  	 Elliott Bayside Partnership –

Deed of Easement and Release of Rights

	07/03/2015	  	6609	  	437	  	Elliott Bayside Partnership - Supplemental Use and Maintenance Agreement
	07/23/2015	  	6609	  	407	  	Seaside Village Commercial Land Condominium - Deed of Easement and Release of Rights
	07/23/2015	  	6609	  	426	  	Seaside Village Commercial Land Condominium - Declaration of Easement Use Limitations
	08/06/2015	  	6618	  	477	  	49	  	10	  	
	08/06/2015	  	6623	  	188	  	49	  	10	  	
	10/17/2015	  	6662	  	45	  		  	6837	  	
	11/02/2015	  	6676	  	215	  	27	  	637	  	
	11/17/2015	  	6684	  	267	  	79	  	215	  	
	12/04/2015	  	6689	  	375	  	49	  	144	  	
	12/08/2015	  	6689	  	378	  	27	  	466	  	
	12/15/2015	  	6703	  	31	  	110	  	3894	  	
	12/16/2015	  	6703	  	28	  	20	  	167	  	

 The following is a schedule of bonds issued under the Eighty-Eighth Supplemental Indenture and Credit Line
Deed of Trust, effective as of October 1, 1994, that can be designated as First Mortgage Bonds, Series I, which may also be designated as Secured Medium Term Notes, Series I; and First Mortgage Bonds, Pledged Series I. 

First Mortgage Bonds, Series I/Secured Medium Term Notes, Series I 
  

											
	 Issuance Date
	  	 Tranche
	 	 Maturity
	 	  	 Principal
	 
	 06/19/95
	  	7.71% Bonds	 	 	06/01/25	  	  	$	100,000,000	  
	 06/19/95
	  	6.95% Amortizing Bonds	 	 	06/01/08	  	  	$	25,800,000	  
	 11/25/08
	  	6.40% Bonds	 	 	12/01/13	  	  	$	250,000,000	  
		  		 				  	  
	  
	 
	
	First Mortgage Bonds, Pledged Series I	 
				
	 Issuance Date
	  	 Tranche
	 	 Maturity
	 	  	 Principal
	 
	 10/12/94
	  	1994	 	 	10/01/29	  	  	$	33,750,000	  
		  		 				  	  
	  
	 
	 Total Bonds Issued:
	  		 				  	$	409,550,000	  
		  		 				  	  
	  
	 

  
 13 

 As supplemented and amended by this One Hundred and Seventeenth Supplemental Indenture, the
Original Indenture and all indentures supplemental thereto are in all respects ratified and confirmed and the Original Indenture and the aforesaid supplemental indentures and this One Hundred and Seventeenth Supplemental Indenture shall be read,
taken and construed as one and the same instrument. 
 This One Hundred and Seventeenth Supplemental Indenture shall be simultaneously
executed in several counterparts, and all such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument. 

The recitals of fact contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the
correctness of the same. 
 The debtor and its mailing address are Delmarva Power & Light Company, Mailstop 92DC42, 500 N.
Wakefield Drive, Newark, Delaware 19702-5440. The secured party and its address, from which information concerning the security interest hereunder may be obtained, is The Bank of New York Mellon, 500 Ross Street, 12th Floor, Pittsburgh, Pennsylvania 15262, Attn: Corporate Trust Administration. 
 The
Company acknowledges that it received a true and correct copy of this One Hundred and Seventeenth Supplemental Indenture. 

  
 14 

 This One Hundred and Seventeenth Supplemental Indenture is executed and delivered pursuant to the
provisions of Section 5.11 and paragraph (a) of Section 17.01 of the Indenture for the purpose of conveying, transferring and assigning to the Trustee and of subjecting to the lien of the Indenture with the same force and effect as
though included in the granting clause thereof the above described property so acquired by the Company on or prior to the date of execution, and not heretofore specifically subject to the lien of the Indenture; but nothing contained in this One
Hundred and Seventeenth Supplemental Indenture shall be deemed in any manner to affect (except for such purposes) or to impair the provisions, terms and conditions of the Original Indenture, or of any indenture supplemental thereto and the
provisions, terms and conditions thereof are hereby expressly confirmed. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 15 

 IN WITNESS WHEREOF, the Company has caused this instrument to be signed in its name and behalf by its President,
and its corporate seal to be hereunto affixed and attested by its Assistant Secretary and the Trustee has caused this instrument to be signed in its name and behalf by a Vice President and its corporate seal to be hereunto affixed and attested by an
authorized officer, effective as of the 1st day of January, 2016. 
  

					
		 	DELMARVA POWER & LIGHT COMPANY
			
	Date of Execution	 	By	 	 /s/ David M. Velazquez

		 		 	David M. Velazquez, President
	April 7, 2016	 		 	
		 	Attest:
			
		 		 	 /s/ Jeffery E. Snyder
                                         
 [SEAL]

		 		 	Jeffery E. Snyder, Assistant Secretary

  

							
	STATE OF DELAWARE	  	)	  		  	
		  	) SS	  		  	
	COUNTY OF NEW CASTLE	  	)	  		  	

 BE IT REMEMBERED that as of the 7th day of April, 2016,
personally came before me, a notary public for the State of Delaware, David M. Velazquez, President of DELMARVA POWER & LIGHT COMPANY, a corporation of the State of Delaware and the Commonwealth of Virginia (the “Company”), party
to the foregoing instrument, known to me personally to be such, and acknowledged the instrument to be his own act and deed and the act and deed of the Company; that his signature is in his own proper handwriting; that the seal affixed is the common
or corporate seal of the Company; and that his act of signing, sealing, executing and delivering such instrument was duly authorized by resolution of the Board of Directors of the Company. 

GIVEN under my hand and official seal the day and year aforesaid. 
  

							
		 	/s/ Julia P. Reilly	  	[SEAL]	  	
		 	Notary Public, State of Delaware	  	
		 	My commission expires
                                .	  	

 Julia P. Reilly 

Notary Public 
 State of
Delaware 
 My Commission Expires: 

April 3, 2017 

  
 16 

					
		 	 THE BANK OF NEW YORK MELLON,

        as Trustee

			
	Date of Execution	 	By	 	 /s/ Francine J. Kincaid

		 		 	 Francine J. Kincaid, Vice President

	April 7, 2016	 		 	
		 	Attest:
			
		 		 	 /s/ Arsala Kidwai

		 		 	Arsala Kidwai, Vice President

  

							
	STATE OF NEW YORK	  	)	  		  	
		  	) SS.	  		  	
	COUNTY OF NEW YORK	  	)	  		  	

 BE IT REMEMBERED that on this 7th day of April, 2016,
personally came before me, a Notary Public for the State of New York, Francine J. Kincaid, Vice President of THE BANK OF NEW YORK MELLON, a New York banking corporation (the “Trustee”), party to the foregoing instrument, known to me
personally to be such, and acknowledged the instrument to be her own act and deed and the act and deed of the Trustee; that his signature is her own proper handwriting; that the seal affixed is the common or corporate seal of the Trustee; and that
her act of signing, sealing, executing and delivering said instrument was duly authorized by resolution of the Board of Directors of the Trustee. 

GIVEN under my hand and official seal the day and year aforesaid. 

 

	
	 /s/ Christopher J. Traina

	Notary Public, State of New York
	My commission expires                         .

 Christopher J. Traina 

Notary Public-State of New York 

No. 01TR6297825 

Qualified in Queen’s County 

Qualified in New York County 

My Commission Expires March 03, 2018 

[SEAL] 

  
 17 

 CERTIFICATE OF RESIDENCE 

THE BANK OF NEW YORK MELLON, successor Trustee to the Trustee within named, hereby certifies that it has a residence at 101 Barclay Street, in
the Borough of Manhattan, in The City of New York, in the State of New York. 
  

			
	THE BANK OF NEW YORK MELLON
		
	By	 	 /s/ Francine J. Kincaid

		 	Name: Francine J. Kincaid
		 	Title: Vice President

  
 18 

 Certification 

This document was prepared under the supervision of an attorney admitted to practice before the Court of Appeals of Maryland, or by or on
behalf of one of the parties named in the within instrument. 
  

	
	 /s/ Christie D. Cannon

	Christie D. Cannon

  
 19Form of Separation Agreement under Exelon Corp Senior Management Severance Plan

 Exhibit 10.22 

CONFIDENTIAL SEPARATION AGREEMENT 

THIS CONFIDENTIAL SEPARATION AGREEMENT (this “Agreement”) is entered into as of
                     between Exelon Corporation (“Exelon”),
                     (“Subsidiary”, and, collectively with Exelon, the “Company”) and
                     (the “Executive”). 

W I T N E S S E T H: 
 WHEREAS,
the Executive is separating from all positions with Exelon, Subsidiary and their respective affiliates. 
 NOW, THEREFORE, in consideration
of the mutual promises and agreements contained herein, the adequacy and sufficiency of which are hereby acknowledged, the Company and the Executive agree as follows: 

1. Resignation; Termination of Employment. The Executive’s employment with Subsidiary will be terminated, and Executive hereby
resigns, each effective as of the close of business on              (the “Termination Date”), as Vice President of Subsidiary and from all other positions as an
officer or director of Exelon and its subsidiaries and affiliates. 
 2. Payment of Accrued Amounts. The Company shall pay to the
Executive not later than the second payroll date after the Termination Date the following amounts: 
 (a) the portion of his or her annual
salary that has accrued but is unpaid as of the Termination Date; and 
 (b) an additional amount representing the Executive’s accrued
but unused vacation days as of the Termination Date, if any. 
 3. Severance Payments. The Company shall pay to the Executive: 

(a) cash severance payments in an aggregate amount equal to $            
which is equal to 1.     times the sum of (i) the Executive’s base salary of $                     plus
(ii) the Executive’s 201_ target annual incentive award of $            . Payment shall commence not later than forty-five days following the Termination Date, in
substantially equal regular payroll installments over a period of fifteen months; and 
 (b) Executive shall remain eligible to receive a
pro-rated annual incentive award for 201_ based on actual performance results determined in a manner consistent with peer executives, payable at the time such awards (if any) are paid to active executives (but not later than March 15, 201_),
and such payment shall be considered a short-term deferral for purposes of section 409A of the Code. 
 4. Tax Withholding. The
Company shall deduct from the amounts payable to the Executive pursuant to this Agreement the amount of all required federal, state and local withholding taxes in accordance with the Executive’s Form W-4 on file with the Company and

  
 1 

 
all applicable social security and Medicare taxes. The Company shall be entitled to withhold from any shares of common stock of the Company to be delivered to the Executive pursuant to Sections
6(a), (b) and (c) a number of shares of common stock of the Company having a value (based upon the closing price of a share of the Company’s common stock as reported on the New York Stock Exchange on the applicable valuation date)
equal to the minimum amount of all required federal, state and local withholding taxes and all applicable social security and Medicare taxes with respect to the lapse of forfeiture conditions applicable to the vesting of performance shares or the
exercise of options. 
 5. Outplacement Assistance and Financial Counseling. During the twelve-month period following the Termination
Date, the Company shall reimburse the Executive for reasonable fees incurred for services rendered to the Executive by a professional outplacement organization selected by the Executive and acceptable to the Company to provide individual
outplacement services, and Executive also shall be eligible to receive financial counseling services consistent with the terms and conditions applicable to active peer executives under Exelon’s executive perquisite policy. 

6. Long Term Incentive Awards. Subject to Executive’s timely execution of (and not revoking) the Waiver and Release, 

(a) each of Executive’s options to purchase common stock of Exelon granted pursuant to the Exelon Corporation Long-Term Incentive Plan
shall (i) to the extent exercisable on the Termination Date, remain exercisable for ninety days following the Termination Date (or until the option expiration date, if earlier), and (ii) to the extent not exercisable as of the Termination
Date, be forfeited as of the Termination Date; 
 (b) Executive shall remain eligible to receive (i) full long-term [performance share /
cash] awards under Exelon’s long-term incentive program for the 201_-201_ and 201_-201_ performance cycles, the respective amounts (if any) of which shall be determined based on actual performance results for such respective periods, and all
such awards shall be payable at the time or times such respective awards are paid to active executives; and 
 (c) the non-vested portion of
Executive’s [restricted stock unit / cash unit] awards granted on January __, 201_, January __, 201_ and January __, 201_ under Exelon’s long term incentive program shall become fully vested as of the Termination Date. 

All such awards payable in shares shall be subject to the Company’s applicable resale restrictions, if any. 

7. Supplemental Executive Retirement Benefits. The Executive shall be eligible for a retirement benefit under the Exelon applicable
supplemental management retirement plan in which Executive is a participant (the “SERP”) in accordance with the terms and conditions thereof, except that in determining such benefit, the Executive shall, subject to the
Executive’s timely execution of the Waiver and Release, be credited with             months additional service calculated as though he or she received the severance benefits specified
in Section 3(a) as regular salary incentive pay over such period (and limited in its application to the amounts of such payments that exceed the compensation limitations applicable to qualified pension plans under the Code). Such benefit shall
be paid as provided in Section 8(b). 

  
 2 

 8. Employee and Other Benefits. 

(a) During the period commencing on the Termination Date and ending
             months after the Termination Date (the “Severance Period”) and in satisfaction of COBRA continuation coverage during such period with respect to
healthcare benefits, (i) the Executive (and his or her participating dependents) shall be eligible to participate in, and shall receive benefits under Exelon’s welfare benefit plans (including medical, dental, vision and hearing) in which
the Executive (and his or her eligible dependents) were participating immediately prior to the Termination Date, and (ii) the Executive shall be eligible to participate in the life insurance programs in which he or she was a participant
immediately prior to the Termination Date, in each case on the same basis as if the Executive had remained actively employed during the Severance Period. 

(b) Following the Severance Period, the Executive (and his or her eligible dependents) shall be eligible for continued health care coverage at
Executive’s sole expense for any remaining period required by COBRA. 
 (c) The Company shall pay to the Executive, in the time and
manner specified in the terms and conditions of such plans and any distribution elections by the Executive in effect thereunder, his or her account balances (if any) under Exelon’s deferred compensation plans, as adjusted by all applicable
earnings and losses on such account balances. 
 (d) The Executive shall be entitled to purchase the computer furnished by the Company for
his or her use, subject to removal of data and programs as determined by the Company. The Executive shall be responsible for payment of expenses incurred after the Termination Date with respect to the Company-owned cellular phone furnished for his
or her use. 
 (e) If the Executive is entitled to any benefit under any employee benefit plan of the Company that is accrued and vested on
the Termination Date and that is not expressly referred to in this Agreement, such benefit shall be provided to the Executive in accordance with the terms of such employee benefit plan. 

(f) Notwithstanding Section 8(e) or anything else contained in this Agreement to the contrary, the Executive acknowledges and agrees that
he or she is not and shall not be entitled to benefits under any other severance or change in control plan, program, agreement or arrangement, and that the benefits provided under this Agreement shall be the sole and exclusive benefits to which the
Executive may become entitled upon his or her termination of employment. In the event the Executive dies prior to executing the Waiver and Release (as described in Section 9 below) attached hereto, neither he or she, his or her estate, nor any
other person shall be entitled to any further compensation or benefits under this Agreement, unless and until the executor of the Executive’s estate (and/or such other heirs or representatives as may be requested by the Company) executes upon
Company request and does not revoke such a Waiver and Release. 

  
 3 

 9. Waiver and Release. Notwithstanding anything herein to the contrary, Executive’s
right to the payments and benefits under this Agreement shall be contingent upon (a) Executive having executed and delivered to the Company a waiver and general release provided by the Company (the “Waiver and Release”) not
earlier than the Termination Date and not later than the date set forth in the release (but in no event more than              days after the Termination Date) (the
“Consideration Period”), (b) Executive not revoking such release in accordance with the terms of the release and (c) Executive not violating any of Executive’s on-going obligations under this Agreement; provided, however,
that the Company has the discretion to pay such benefits prior to receipt of the Waiver and Release and/or the expiration of the revocation period; provided further that if Executive does not execute and deliver the Waiver and Release to the Company
prior to the expiration of the Consideration Period or if the Executive revokes the Waiver and Release in accordance with its terms, Executive shall pay to the Company within 10 days following the expiration of the Consideration Period or the date
such release was revoked, a lump sum payment of all payments received by Executive to date hereunder. 
 10. Restrictive Covenants.
The Executive acknowledges and agrees that he or she is bound by, and subject to, the Restrictive Covenants and the Waiver and Release. The Executive shall comply with, and observe, the Restrictive Covenants including, without limitation, the
confidential information, non-solicitation and intellectual property provisions and related covenants contained therein, all of which are hereby incorporated by reference. In the event the Company determines that Executive has breached any of the
Restrictive Covenants or the Waiver and Release or has engaged in conduct during his or her employment with the Company that would constitute ground for termination for Cause, benefits under this Agreement shall terminate immediately, and Executive
shall reimburse Exelon for any benefits received. 
 11. Certain Tax Matters. 

(a) If it is determined by Exelon’s independent auditors that any severance payment, benefit or enhancement that is provided to the
Executive pursuant to the terms of the this Agreement is or will become subject to any excise tax under section 4999 of the Internal Revenue Code of 1986, as amended, or any similar tax payable under any United States federal, state, local, foreign
or other law (“Excise Taxes”), then such payment, benefit or enhancement shall be reduced to the largest amount which would not cause any such Excise Tax to by payable by the Executive and not cause a loss of the related income tax
deduction by the Company. 
 (b) The parties intend this Agreement to comply with section 409A of the Code. In the event the timing of any
payment or benefit under this Agreement would result in any tax or penalty under section 409A of the Code, the Company may reasonably adjust the timing of such payment or benefit if doing so will eliminate or materially reduce such tax or penalty
and amend this Agreement accordingly. Executive acknowledges that Executive has been advised to consult Executive’s personal tax advisor concerning this Agreement, and has not relied on the Company or Subsidiary for tax advice. 

12. Non-disparagement. The Executive shall not (a) make any written or oral statement that brings the Company or any of its
affiliates or the employees, officers, directors or agents of the Company or any of its affiliates into disrepute, or tarnishes any of their images or 

  
 4 

 
reputations or (b) publish, comment upon or disseminate any statements suggesting or accusing the Company or any of its affiliates, employees, officers, directors or agents of any misconduct
or unlawful behavior. The provisions of this Section 12 shall not apply to truthful testimony as a witness, compliance with other legal obligations, assertion of or defense against any claim of breach of this Agreement, or any activity that
otherwise may be required by the lawful order of a court or agency of competent jurisdiction, and shall not require the Executive to make false statements or disclosures. 

13. Publicity. Executive shall not issue or cause the publication of any press release or other announcement with respect to the terms
or provisions of this Agreement, nor disclose the contents hereof to any third party (other than to members of his or her immediate family or to tax, financial and legal advisors), without obtaining the consent of Exelon, except where such release,
announcement or disclosure shall be required by applicable law or administrative regulation or agency or other legal process. 
 14.
Other Employment; Other Plans. The Executive shall not be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any provision of this Agreement. The amounts payable
hereunder shall not be reduced by any payments received by the Executive from any other employer; provided, however, that any continued welfare benefits provided for by Section 8(a) shall not duplicate any benefits that are
provided to the Executive and his or her family by such other employer and shall be secondary to any coverage provided by Medicare. 
 15.
Cooperation by the Executive. During the Severance Period, the Executive shall (a) be reasonably available to the Company to respond to requests by them for information pertaining to or relating to matters which may be within the
knowledge of the Executive and (b) cooperate with the Company in connection with any existing or future litigation or other proceedings brought by or against the Company, its subsidiaries or affiliates, to the extent Exelon reasonably deems the
Executive’s cooperation necessary, including truthful testimony in any related proceeding. 
 16. Successors; Binding Agreement.
This Agreement shall inure to the benefit of and binding upon the Company and its successors, and by the Executive, his or her spouse, personal or legal representatives, executors, administrators and heirs. This Agreement, being personal, may not be
assigned by Executive. 
 17. Governing Law; Validity. This Agreement shall be interpreted, construed and enforced in accordance with
the terms of the Exelon Corporation Senior Management Severance Plan, and the applicable provisions of the Employee Retirement Income Security Act of 1974, as amended, and section 409A of the Code. 

18. Entire Agreement. This Agreement and the Waiver and Release constitute the entire agreement and understanding between the parties
with respect to the subject matter hereof and supersede and preempt any other understandings, agreements or representations by or between the parties, written or oral, which may have related in any manner to the subject matter hereof. Executive
acknowledges that the Company has made no representations regarding the tax consequences of payments under this Agreement and has had the opportunity to consult Executive’s tax advisor. 

  
 5 

 19. Counterparts. This Agreement may be executed in two counterparts, each of which shall
be deemed to be an original and both of which together shall constitute one and the same instrument. 
 20. Miscellaneous. No
provision of this Agreement may be modified or waived unless such modification or waiver is agreed to in writing and executed by the Executive and by a duly authorized officer of the Company. No waiver by either party hereto at any time of any
breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time. Failure by the Executive or the Company to insist upon strict compliance with any provision of this Agreement or to assert any right which the Executive or the Company may have hereunder shall not be deemed to be a waiver of such
provision or right or any other provision or right of this Agreement. 
 21. Beneficiary. If the Executive dies prior to receiving
all of the amounts payable hereunder (other than amounts payable under any plan referenced in Section 8(d), which shall be governed by any beneficiary designation in effect thereunder) but after executing the Waiver and Release, such amounts
shall be paid, except as may be otherwise expressly provided herein or in the applicable plans, to the beneficiary (“Beneficiary”) designated with respect to this Agreement by the Executive in writing to the Vice President,
Corporate Compensation of the Company during his or her lifetime, which the Executive may change from time to time by new designation filed in like manner without the consent of any Beneficiary; or if no such Beneficiary is designated, to his or her
surviving spouse, and if there be none, to his or her estate. 
 22. Nonalienation of Benefits. Benefits payable under this Agreement
shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge, prior to actually being received by the Executive, and any such attempt to dispose of any right to benefits payable hereunder
shall be void. 
 23. Severability. If all or any part of this Agreement is declared by any court or governmental authority to be
unlawful or invalid, such unlawfulness or invalidity shall not serve to invalidate any portion of this Agreement not declared to be unlawful or invalid, except that in the event a determination is made that the Restrictive Covenants as applied to
the Executive are invalid or unenforceable in whole or in part, then this Agreement shall be void and the Company shall have no obligation to provide benefits hereunder. Any paragraph or part of a paragraph so declared to be unlawful or invalid
shall, if possible, be construed in a manner which will give effect to the terms of such paragraph or part of a paragraph to the fullest extent possible while remaining lawful and valid. 

24. Communications. Nothing in this Agreement or the Waiver and Release shall be construed to prohibit or limit the Executive from
filing a charge with, or reporting possible violations of law or regulation to any governmental agency or entity, including but not limited to the National Labor Relations Board, Nuclear Regulatory Commission, U.S. Equal Opportunity Commission, the
Department of Labor, the Department of Justice, the Securities Exchange 

  
 6 

 
Commission, the Congress, and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of applicable law or regulation, or taking any other
action protected under section 211 of the Energy Reorganization Act. The Executive does not need the prior authorization of the Company to make any such charges, reports or disclosures, and is not required to notify the Company that Executive has
made such charges reports or disclosures, and no such report or disclosure shall be considered a violation of Section 12 of this Agreement or the Waiver and Release. In addition, neither this Agreement nor the Waiver and Release limits the
Executive’s ability to receive a monetary award from a government-administered whistleblower award program for providing any such reports or disclosures directly to a governmental agency. Executive acknowledges, however, that the Waiver and
Release requires Executive to specifically waive all rights to recover any monetary damages from the Company, including but not limited to lost wages and benefits, lost pay, damages for emotional distress, punitive damages, reinstatement, and
attorneys’ fees and costs. 
 25. Sections. Except where otherwise indicated by the context, any reference to a
“Section” shall be to a Section of this Agreement. 
 IN WITNESS WHEREOF, Exelon and Subsidiary have caused this Agreement to be
executed by their duly authorized officers and the Executive has executed this Agreement as of the day and year first above written. 
  

			
	EXELON CORPORATION
		
	By:	 	 
	Vice President, Corporate Compensation

  

			
	SUBSIDIARY
		
	By:	 	 
	Vice President, Human Resources

  

			
		 	 
		 	EXECUTIVE

  
 7 

 WAIVER AND RELEASE 

UNDER 
 CONFIDENTIAL
SEPARATION AGREEMENT 
 In consideration for the Executive’s receiving severance benefits under the Separation Agreement (as
defined below),                      (the “Executive”) hereby agrees as follows: 

1. Release. Except with respect to the Company’s obligations under the Confidential Separation Agreement by and between Exelon
Corporation,                     , (collectively, the “Company”) and the Executive dated as of
                     (the “Separation Agreement”), the Executive, on behalf of Executive and his or her heirs, executors,
assigns, agents, legal representatives and personal representatives, hereby releases, acquits and forever discharges the Company, its agents, subsidiaries, affiliates, and their respective officers, directors, agents, servants, employees, attorneys,
shareholders, successors, assigns and affiliates, of and from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise,
known and unknown, foreseen or unforeseen, disclosed and undisclosed, suspected and unsuspected, arising out of or in any way related to agreements, events, acts or conduct at any time prior to the day of execution of this Waiver and Release,
including but not limited to any and all such claims and demands directly or indirectly arising out of or in any way connected with the Executive’s employment or other service with the Company, or any of its Subsidiaries or affiliates; the
Executive’s termination of employment and other service with the Company or any of its subsidiaries or affiliates; claims or demands related to salary, bonuses, commissions, stock, stock options, restricted stock or any other ownership
interests in the Company or any of its subsidiaries and affiliates, vacation pay, fringe benefits, expense reimbursements, sabbatical benefits, severance, change in control or other separation benefits, or any other form of compensation or equity;
and claims pursuant to any federal, state, local law, statute, ordinance, common law or other cause of action including but not limited to, the federal Civil Rights Act of 1964, as amended; the federal Age Discrimination in Employment Act of 1967,
as amended; the federal Americans with Disabilities Act of 1990; the Employee Retirement Income Security Act of 1974, as amended, tort law; contract law; wrongful discharge; discrimination; fraud; defamation; harassment; emotional distress; or
breach of the covenant of good faith and fair dealing. This Waiver and Release does not apply to the payment of any benefits to which the Executive may be entitled under a Company-sponsored tax qualified retirement or savings plan or
Executives’s entitlement to indemnification with respect to his service as an officer, director, employee or agent of the Company in accordance with Article VII of the Exelon Corporation Amended and Restated Bylaws. 

2. No Inducement. The Executive agrees that no promise or inducement to enter into this Waiver or Release has been offered or made
except as set forth in this Waiver and Release and the Separation Agreement, that the Executive is entering into this Waiver and Release without any threat or coercion and without reliance on any statement or representation made on behalf of the
Company or any of its subsidiaries or affiliates, or by any person employed by or representing the Company or any of its subsidiaries or affiliates, except for the written provisions and promises contained in this Waiver and Release and the
Separation Agreement. 

  
 1 

 3. Advice of Counsel; Time to Consider; Revocation. The Executive acknowledges
the following: 
 (a) The Executive has read this Waiver and Release, and understands its legal and binding effect, including that by
signing and not revoking this Waiver and Release the Executive waives and releases any and all claims under the Age Discrimination in Employment Act of 1967, as amended, including but not limited to the Older Workers Benefits Protection Act. The
Executive is acting voluntarily and of the Executive’s own free will in executing this Waiver and Release. 
 (b) The Executive
has been advised to seek and has had the opportunity to seek legal counsel in connection with this Waiver and Release. 
 (c) The
Executive was given at least twenty-one (21) days to consider the terms of this Waiver and Release before signing it. 
 (d) At
the time Executive was given this Waiver and Release, Executive was informed that his or her termination was not part of a group separation. 

The Executive understands that, if the Executive signs the Waiver and Release, the Executive may revoke it within seven (7) days after
signing it, provided that Executive will not receive any severance benefits under the Separation Agreement. The Executive understands that this Waiver and Release will not be effective until after the seven-day period has expired and no
consideration will be due the Executive. 
 4. Severability. If all or any part of this Waiver and Release is declared by any
court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any other portion of this Waiver and Release. Any Section or a part of a Section declared to be unlawful or invalid shall, if possible,
be construed in a manner which will give effect to the terms of the Section to the fullest extent possible while remaining lawful and valid. 

5. Amendment. This Waiver and Release shall not be altered, amended, or modified except by written instrument executed by the Company
and the Executive. A waiver of any portion of this Waiver and Release shall not be deemed a waiver of any other portion of this Waiver and Release. 

6. Applicable Law. The provisions of this Waiver and Release shall be interpreted and construed in accordance with the laws of the
State of Illinois without regard to its choice of law principles. 
 IN WITNESS WHEREOF, the Executive has executed this Waiver and Release
as of the date specified below. 
  

			
	EXECUTIVE
	
	 
	DATE:  	 	 

  
 2

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