Document:

Employment Agreement dated November 17, 2008

 Exhibit 10.1 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Executive Employment Agreement (“Agreement”) is made
and entered into as of November 17, 2008 by and between Jamba Juice Company (“Company”) and James White (“Executive”). 
 The parties agree as follows: 
 1. Employment. Company hereby agrees to employ Executive and Executive hereby accepts such
employment, upon the terms and conditions set forth herein. 
 2. Duties. 
 2.1 Position. Executive is employed as Chief Executive Officer and President and shall have the duties and responsibilities
assigned by the Company’s Board of Directors (“Board”) both upon initial hire and as may be reasonably assigned from time to time. Executive shall perform faithfully and diligently all duties assigned to Executive. Company reserves
the right to modify Executive’s duties at any time in its sole and absolute discretion, provided that the duties assigned are consistent with the position of Executive’s duties, responsibilities and status with Company in his position as
the Chief Executive Officer and President and that Executive continues to report directly to the Board of Directors of Company. It is the intention of Company that the Board of Directors Jamba, Inc., the Company’s parent company
(“Parent”)), will vote to elect Executive to the Board of Directors of Parent. 
 2.2 Best Efforts/Full-time.
Executive will expend Executive’s best efforts on behalf of Company, and will abide by all policies and decisions made by Company, as well as all applicable federal, state and local laws, regulations or ordinances. Executive will act in the
best interest of Company at all times. Executive shall devote Executive’s full business time and efforts to the performance of Executive’s assigned duties for Company, provided that Executive may continue to serve on the boards of
directors of other companies so long as such service is in accordance with Company’s policies governing such activities. 
 2.3 Work Location. Executive’s principal place of work shall be located in Emeryville, California, or such other location as the parties may agree upon from time to time. 
 2.4 Start Date. Executive’s employment with the Company shall commence on December 1, 2008, or such other date as may
mutually agreed between the parties (the “Effective Date”). 
 3. Term. 
 3.1 Initial Term. The employment relationship pursuant to this Agreement shall be for an initial term commencing on the Effective
Date and continuing for a period of three (3) years following such date (“Initial Term”), unless sooner terminated in accordance with section 7 below. 
 3.2 Renewal. On completion of the Initial Term specified in subsection 3.1 above, this Agreement will automatically renew for
subsequent two-year terms unless either party provides at least ninety (90) days’ advance written notice to the other that Company/Executive does not wish to renew the Agreement for a subsequent two-year term. In the event either party
gives notice of nonrenewal pursuant to this subsection 3.2, this Agreement will expire at the end of the current term. 
  

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 4. Compensation. 
 4.1 Base Salary. As compensation for Executive’s performance of Executive’s duties hereunder, Company shall pay to
Executive an initial Base Salary of $550,000 per year, payable in accordance with the normal payroll practices of Company, less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll
deductions. 
 4.2 Signing Bonus. Company will provide Executive with a one-time signing bonus (“Signing
Bonus”), in the amount of One Hundred Thousand Dollars ($100,000), less applicable withholding. The Signing Bonus will be paid in a single lump sum payment on the Company’s first regular payroll date immediately following Executive’s
first day of employment. 
 4.3 Additional Compensation. In addition to the Base Salary, Executive will be eligible to
receive compensation of: 
 (a) up to 100% of the Base Salary then in effect, based on targets established by the Board (or
appropriate committee thereof) and as determined by Company in its sole and absolute discretion. The target bonus (“Target Bonus”) award will be established on an annual basis for Executive as part of an annual bonus plan which is reviewed
and approved by the Board. The first annual period for which the Target Bonus will be determined is the Company’s fiscal year ending December 29, 2009. 
 (b) an option grant to purchase 1,500,000 shares of Parent’s common stock, as an inducement grant to join Company, made at the
Effective Date, with a strike price equal to the fair market value of Parent’s common stock at the date of grant, such options to be issued outside Parent’s 2006 Employee, Director and Consultant Stock Plan, not intending to qualify as an
“incentive stock option” under the Internal Revenue Code of 1986, as amended (the “Code”), and to vest over four (4) years so long as Executive remains an employee of Company, with twenty-five percent (25%) of the total
number of shares subject to this option vesting on each anniversary of the Effective Date. 
 Following the grant of the option above, any other grants of
options or other equity awards to Executive, and the terms and conditions thereof, will be determined by the Board of Directors of Parent (or appropriate committee thereof). 
 (c) a retention bonus equal to the lesser of (i) $500,000, less applicable withholding or (ii) such amount as would result in a
net of tax amount retained by Executive equal to $300,000 and to be paid in a lump sum payment as of the Company’s first regular payroll date immediately following the Executive’s first day of employment (such total amount paid by the
Company, inclusive of the applicable withholding taxes, the “Retention Bonus”). The Retention Bonus shall vest over a three (3) year period with one-third vesting on each consecutive anniversary of the Effective Date beginning with
the first anniversary thereof. In the event the Executive terminates his employment on a voluntary basis and not for Good Reason (as defined in subsection 7.4(b) below) prior to or on the first anniversary of the Effective Date, Executive will be
required to repay to the Company the full amount of the Retention Bonus. In the event Executive terminates his employment on a voluntary basis and not for Good Reason after the first anniversary of the Effective Date but prior to or on the second
anniversary of the Effective Date, Executive will be required to repay to the Company two thirds of the full amount of the Retention Bonus. In the event Executive terminates his employment on a voluntary basis and not for Good Reason after the
second anniversary of the Effective Date but prior to or on the third anniversary of the Effective Date, Executive will be required to repay to the Company one third of the full amount of the Retention Bonus. All applicable Retention Bonus
repayments by Executive shall be made in full within sixty (60) days after the termination of Executive’s employment. 
  

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 4.4 Performance and Salary Review. Company will periodically review
Executive’s performance on no less than an annual basis. Adjustments to salary or other compensation, if any, will be made by Company in its sole and absolute discretion; provided, however, that the foregoing shall not limit in any way
Executive’s ability to resign for Good Reason as provided in Sections 7.3(b) and 7.4 below in connection with a material reduction of Executive’s base compensation and Executive’s right to severance payment in connection therewith.

 5. Customary Fringe Benefits. Executive will be eligible for all customary and usual fringe benefits generally available to
executives of Company subject to the terms and conditions of Company’s benefit plan documents. Company reserves the right to change or eliminate the fringe benefits on a prospective basis, at any time, effective upon notice to Executive.

 6. Business Expenses. Executive will be reimbursed for all reasonable, out-of-pocket business expenses incurred in the performance
of Executive’s duties on behalf of Company. To obtain reimbursement, expenses must be submitted promptly with appropriate supporting documentation and will be reimbursed in accordance with Company’s policies. Any reimbursement Executive is
entitled to receive shall (a) be paid no later than the last day of Executive’s tax year following the tax year in which the expense was incurred, (b) not be affected by any other expenses that are eligible for reimbursement in any
tax year, and (c) not be subject to liquidation or exchange for another benefit. 
 7. Termination of Executive’s
Employment. 
 7.1 Termination for Cause by Company. Although Company anticipates a mutually rewarding employment
relationship with Executive, Company may terminate Executive’s employment immediately at any time for Cause. For purposes of this Agreement, “Cause” is defined as: (a) conviction or plea of guilty or nolo contendere
to any felony or crime involving moral turpitude or dishonesty; (b) participation in a fraud or embezzlement against the Company; (c) failure to substantially perform the material duties and obligations of employment, which failure
continues uncured after written notice thereof by the Company and a reasonable opportunity to cure; or (d) material violation of a statutory duty Executive owes to the Company, which violation continues uncured after written notice thereof by
the Company and a reasonable opportunity to cure. In the event Executive’s employment is terminated in accordance with this subsection 7.1, Executive shall be entitled to receive only the Base Salary then in effect, prorated to the date of
termination. All other Company obligations to Executive pursuant to this Agreement will become automatically terminated and completely extinguished. Executive will not be entitled to receive the Severance Packages described in subsections 7.2(a) and
7.4(a) below. 
 7.2 Termination Without Cause by Company/Severance. Company may terminate Executive’s employment
under this Agreement without Cause at any time on thirty (30) days’ advance written notice to Executive. In the event of such termination, Executive will receive the Base Salary prorated to the date of termination and the Severance Package
described in subsection 7.2(a) below, provided Executive complies with all of the conditions described in subsection 7.2(b) below. 
  

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 (a) Severance Package. The Severance Package shall consist of the following:

 (i) a severance payment equal to: (A) one year of Executive’s Base Salary then in effect on the date of
termination; plus (B) the average cash bonus (excluding the Signing Bonus and the Retention Bonus) paid to Executive for the most recent three (3) years of employment, with the payments contemplated in (A) and (B) payable equally
over a fifty-two (52) week period (the “Severance Period”). These payments will be made on the Company’s ordinary payroll dates beginning with the Company’s first regularly scheduled payday occurring 60 days following the
Executive’s employment termination date and will be subject to standard payroll deductions and withholdings; 
 (ii) one
(1) year of accelerated vesting in unvested stock options previously granted to Executive (which options shall have a post termination exercise period of twelve (12) months (but in any event, not beyond the option’s original term));
and 
 (iii) if Executive was covered under the Company’s group health plan as of the date of Executive’s
Termination Without Cause, Company agrees to pay the premiums required to continue Executive’s group health care coverage for the twelve (12) month period immediately following Executive’s termination of employment, under the
applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), provided that Executive timely elects to continue and remains eligible for these group health benefits under COBRA and the terms of the
Company’s group health plan, and does not obtain health coverage through another employer during this period. Thereafter, Executive will be solely responsible for payment of his COBRA premiums. 
 Notwithstanding the above, during the Severance Period, Executive shall use Executive’s best efforts to obtain other employment and to pursue other
business opportunities and activities, at a comparable level, and any amounts otherwise payable pursuant to this Section 7.2 shall be reduced by all cash amounts (whether direct or indirect salary, compensation or otherwise) earned by Executive
from other employment or business activities prior to the end of the Severance Period. 
 (b) Conditions To Receive
Severance Package. Executive will receive the Severance Package described in subsection 7.2(a) above, provided that Executive: (i) complies with all surviving provisions of this Agreement as specified in subsection 13.8 below;
(ii) executes a full general release in favor of the Company and in a form acceptable to Company, releasing all claims, known or unknown, that Executive may have against Company and Parent arising out of or any way related to Executive’s
employment or termination of employment with Company, and such release has become effective in accordance with its terms prior to the 60th day following the termination date; (iii) complies with the provisions of Sections 9 and 10 as well
as other continuing obligations described in this Agreement; and (iv) agrees not make any voluntary statements, written or oral, or cause or encourage others to make any such statements that defame, disparage or in any way criticize the
personal and/or business reputations, practices or conduct of Company. All other Company obligations to Executive will be automatically terminated and completely extinguished. 
  

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 7.3 Voluntary Resignation by Executive. Executive may voluntarily resign
Executive’s position with Company at any time, on thirty (30) days’ advance written notice. In the event of such resignation, 
 (a) if the resignation is not for Good Reason (as defined in subsection 7.4(b)), Executive will be entitled to receive only the Base Salary for the thirty-day notice period and no other amount. Executive will not be
entitled to receive the Severance Packages described in subsection 7.2(a) above or subsection 7.4(a) below. If Executive voluntarily resigns on or before the third anniversary of the Effective Date, Executive will be subject to the requirements of
section 4.3(c) regarding the payment of the unvested Retention Bonus. 
 (b) if the resignation is for Good Reason, Executive
shall be entitled to receive the Severance Package described in subsection 7.2(a) above, provided Executive complies with all of the conditions described in subsection 7.2(b) above. 
 Upon Executive’s resignation, other than as provided above, all other Company obligations to Executive pursuant to this Agreement will be automatically terminated
and completely extinguished. 
 7.4 Termination Upon A Change In Control. If Executive’s employment is terminated
by Company without Cause (as defined in subsection 7.1 above) or Executive resigns for Good Reason (as defined in subsection 7.4(b) below), either of which occurs within twelve (12) months of a Change in Control (as defined in subsection 7.4(c)
below), Executive shall be entitled to receive the Severance Package described in subsection 7.4(a) below, in lieu of the Severance Package described in subsection 7.2(a) above, provided Executive complies with all of the conditions described
in subsection 7.2(b) above. 
 (a) Severance Package: The Severance Package will consist of the following:

 (i) a severance payment equal to: (A) Eighteen (18) months of Executive’s Base Salary then in effect on the
date of termination of employment (Base Salary shall be determined without regard to any reduction thereof which would constitute “Good Reason” as defined in Section 7.4(b)), plus (B) a payment equal to one and one-half times the
annual Target Bonus based on the most recent Target Bonus paid to Executive, with the payments contemplated in (A) and (B) payable equally over a fifty-two (52) week period (the “CIC Severance Period”). These payments will
be made on the Company’s ordinary payroll dates beginning with the Company’s first regularly scheduled payday occurring 60 days following the Executive’s employment termination date and will be subject to standard payroll deductions
and withholdings; 
 (ii) one (1) year of accelerated vesting in unvested stock options previously granted to Executive
(which options shall have a post termination exercise period of twelve (12) months (but in any event, not beyond the option’s original term)); and 
 (iii) if Executive was covered under the Company’s group health plan as of the date of Executive’s Termination Upon a Change in
Control, Company agrees to pay the premiums required to continue Executive’s group health care coverage for the eighteen (18) month period following Executive’s termination, under the applicable provisions of COBRA, provided that
Executive timely elects to continue and remains eligible for these benefits under COBRA and the terms of the Company’s group health plan, and does not obtain health coverage through another employer during this period. Thereafter, Executive
will be solely responsible for payment of his COBRA premiums. 
 Notwithstanding the above, during the CIC Severance Period, Executive shall
use Executive’s best efforts to obtain other employment and to pursue other business opportunities and activities, at a comparable level, and any amounts otherwise payable pursuant to this Section 7.4 shall be reduced by all cash amounts
(whether direct or indirect salary, compensation or otherwise) earned by Executive from other employment or business activities prior to the of the CIC Severance Period. 
  

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 (b) Good Reason. “Good Reason” shall mean any one or more of the
following without Executive’s written consent: (i) the assignment to Executive of any duties, or any limitation of Executive’s responsibilities, substantially inconsistent with the Executive’s positions, duties, responsibilities
and status with Company immediately prior to the date of the Change in Control; (ii) the relocation of the principal place of Executive’s service to a location that is more than sixty (60) miles from Executive’s principal place
of service immediately prior to the date of the Change in Control; or (iii) any material failure by Company to pay, or any material reduction by Company of, Executive’s base compensation in effect immediately prior to the date of
resignation. Good Reason shall not exist unless Executive notifies Company in writing of the existence of the applicable condition specified above not later than ninety (90) days after the initial existence of the condition, and Company fails
to remedy such condition within thirty (30) days after receipt of such notice. 
 (c) Change of Control. A Change
of Control means (i) a sale of substantially all of the assets of Parent (other than any Company store refranchising transactions), (ii) a merger or consolidation in which Parent is not the surviving corporation, (iii) a reverse
merger in which Parent is the surviving corporation but the shares of common stock outstanding immediately preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise, or
(iv) an acquisition by any person, entity or group within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or any comparable successor provisions (excluding any employee
benefit plan, or related trust, sponsored or maintained by Parent) of the beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act, or comparable successor rule) of securities of Parent representing at least fifty
percent (50%) of the combined voting power entitled to vote in the election of directors. Notwithstanding the foregoing, with respect to items (ii), (iii) and (iv) of the foregoing, any transaction in which members of the
Board of Directors of Parent immediately prior thereto constitute at least a majority of the Board of Directors of the surviving entity immediately after the transaction shall not be deemed to constitute a Change of Control. 
 7.5 Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable
to Executive: (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section, would be subject to the excise tax imposed by Section 4999 of the Code, then
Executive’s severance benefits under this Agreement shall be payable either: (a) in full, or (b) as to such lesser amount which would result in no portion of such severance benefits being subject to excise tax under Section 4999
of the Code, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the receipt by Executive on an after-tax basis, of the greatest
amount of severance benefits under this Agreement, notwithstanding that all or some portion of such severance benefits may be taxable under Section 4999 of the Code. Unless the Company and Executive otherwise agree in writing, any determination
required under this Section shall be made in writing by independent public accountants (the “Accountants”) selected by the Company, whose determination shall be conclusive and binding upon Executive and the Company for all purposes. For
purposes of making the calculations required by this Section, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of
Sections 280G and 4999 of the Code. The Company and Executive shall furnish to the 

  

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Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section. The Company shall
bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section. 
 7.6
Termination of Employment Upon Nonrenewal. In the event either party decides not to renew this Agreement for a subsequent one-year term in accordance with subsection 3.2 above, this Agreement will expire, Executive’s employment with
Company will terminate and Executive will only be entitled to Executive’s Base Salary paid through the last day of the current term. All other Company obligations to Executive pursuant to this Agreement will be automatically terminated and
completely extinguished. In addition, Executive will not be entitled to the Severance Packages described in subsections 7.2(a) and 7.4(a) above. 
 8. No Conflict of Interest. During the term of Executive’s employment with Company, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall
include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is
in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive’s employment with Company, as may be determined by Company in its sole discretion. If Company believes
such a conflict exists during the term of this Agreement, Company may ask Executive to choose to discontinue the other work or resign employment with Company. In addition, Executive agrees not to refer any client or potential client of Company to
competitors of Company, without obtaining Company’s prior written consent, during the term of Executive’s employment. Executive represents and warrants that it has the legal right to enter into this Agreement, that this Agreement does not
conflict with or violate any existing contract or obligation of Executive and agrees to indemnify and hold harmless the Company from and against any claims by any party for any such conflict or violation. 
 9. Confidentiality and Proprietary Rights. Executive agrees to read, sign and abide by Company’s Employee Nondisclosure, Assignment and
Non-Solicitation Agreement, which is provided with this Agreement and incorporated herein by reference. 
 10. Nonsolicitation of
Company’s Employees. Executive agrees that for the two (2) year period following Executive’s termination of employment for any reason, Executive will not, either directly or indirectly, separately or in association with others,
interfere with, impair, disrupt or damage Company’s business by soliciting, encouraging or attempting to hire any of Company’s employees or causing others to solicit or encourage any of Company’s employees to discontinue their
employment with Company. 
 11. Injunctive Relief. Executive acknowledges that Executive’s breach of the covenants contained in
sections 8-10 would cause irreparable injury to Company and agrees that in the event of any such breach, Company shall be entitled to seek temporary, preliminary and permanent injunctive relief without the necessity of proving actual damages or
posting any bond or other security. 
 12. Agreement to Arbitrate. To the fullest extent permitted by law, Executive and Company agree
to arbitrate any controversy, claim or dispute between them arising out of or in any way related to this Agreement, the employment relationship between Company and Executive and any disputes upon termination of employment, including but not limited
to breach of contract, tort, discrimination, harassment, wrongful termination, demotion, discipline, failure to 

  

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accommodate, family and medical leave, compensation or benefits claims, constitutional claims; and any claims for violation of any local, state or federal
law, statute, regulation or ordinance or common law. Claims for injunctive relief pursuant to section 11 above are excluded. For the purpose of this agreement to arbitrate, references to “Company” include all parent, subsidiary or related
entities and their employees, supervisors, officers, directors, agents, pension or benefit plans, pension or benefit plan sponsors, fiduciaries, administrators, affiliates and all successors and assigns of any of them, and this agreement shall apply
to them to the extent Executive’s claims arise out of or relate to their actions on behalf of Company. 
 12.1
Consideration. The mutual promise by Company and Executive to arbitrate any and all disputes between them (except for those referenced above) rather than litigate them before the courts or other bodies, provides the consideration for this
agreement to arbitrate. 
 12.2 Initiation of Arbitration. Either party may exercise the right to arbitrate by
providing the other party with written notice of any and all claims forming the basis of such right in sufficient detail to inform the other party of the substance of such claims. In no event shall the request for arbitration be made after the date
when institution of legal or equitable proceedings based on such claims would be barred by the applicable statute of limitations. 
 12.3 Arbitration Procedure. The arbitration will be conducted in San Francisco, California by a single neutral arbitrator and in accordance with the then current rules for resolution of employment disputes of the American Arbitration
Association (“AAA”). The parties are entitled to representation by an attorney or other representative of their choosing. The arbitrator shall have the power to enter any award that could be entered by a judge of the trial court of the
State of California, and only such power, and shall follow the law. The parties agree to abide by and perform any award rendered by the arbitrator. The arbitrator shall issue the award in writing and therein state the essential findings and
conclusions on which the award is based. Judgment on the award may be entered in any court having jurisdiction thereof. 
 12.4 Costs of Arbitration. Company shall bear the costs of the arbitration filing and hearing fees and the cost of the arbitrator. 
 13. General Provisions. 
 13.1 Successors and Assigns. The rights and obligations of Company under
this Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of Company. Executive shall not be entitled to assign any of Executive’s rights or obligations under this Agreement. 
 13.2 Waiver. Either party’s failure to enforce any provision of this Agreement shall not in any way be construed as a waiver
of any such provision, or prevent that party thereafter from enforcing each and every other provision of this Agreement. 
 13.3 Attorneys’ Fees. Each side will bear its own attorneys’ fees in any dispute unless a statutory section at issue, if any, authorizes the award of attorneys’ fees to the prevailing party. 
 13.4 Severability. In the event any provision of this Agreement is found to be unenforceable by an arbitrator or court of competent
jurisdiction, such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being intended that the parties shall receive the benefit contemplated herein to the fullest extent permitted by
law. If a deemed modification is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability of the remaining provisions shall not be affected thereby.

  

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 13.5 Interpretation; Construction. The headings set forth in this Agreement are
for convenience only and shall not be used in interpreting this Agreement. This Agreement has been drafted by legal counsel representing Company, but Executive has participated in the negotiation of its terms. Furthermore, Executive acknowledges
that Executive has had an opportunity to review and revise the Agreement and have it reviewed by legal counsel, if desired, and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting
party shall not be employed in the interpretation of this Agreement. 
 13.6 Governing Law. This Agreement will be
governed by and construed in accordance with the laws of the United States and the State of California. 
 13.7
Notices. Any notice required or permitted by this Agreement shall be in writing and shall be delivered as follows with notice deemed given as indicated: (a) by personal delivery when delivered personally; (b) by overnight courier
upon written verification of receipt; (c) by telecopy or facsimile transmission upon acknowledgment of receipt of electronic transmission; or (d) by certified or registered mail, return receipt requested, upon verification of receipt.
Notice to the Company shall be sent to the attention of its General Counsel by facsimile to 510-653-0643 or at its address set forth below, and notice to Executive shall be sent to his address on file with the Company, or such other address as
either party may specify in writing. 
 13.8 Survival. Sections 8 (“No Conflict of Interest”), 9
(“Confidentiality and Proprietary Rights”), 10 (“Nonsolicitation”), 111 (“Injunctive Relief”), 122 (“Agreement to Arbitrate”), 133 (“General Provisions”) and 155 (“Entire Agreement”) of
this Agreement shall survive Executive’s employment by Company. 
 14. Application of Section 409A. 
 14.1 Notwithstanding anything set forth in this Agreement to the contrary, no amount payable pursuant to this Agreement which constitutes
a “deferral of compensation” within the meaning of the Treasury Regulations issued pursuant to Section 409A (the “Section 409A Regulations”) of the Code shall be paid unless and until Executive has incurred a
“separation from service” within the meaning of the Section 409A Regulations. For purposes of this Agreement, the right to a series of installment payments shall be treated as a right to a series of separate payments within the
meaning of the 409A Regulations. Furthermore, to the extent that Executive is a “specified employee” within the meaning of the Section 409A Regulations as of the date of Executive’s separation from service, no amount that
constitutes a deferral of compensation which is payable on account of Executive’s separation from service shall be paid to Executive before the date (the “Delayed Payment Date”) which is first day of the seventh month after the date
of Executive’s separation from service or, if earlier, the date of Executive’s death following such separation from service. All such amounts that would, but for this Section, become payable prior to the Delayed Payment Date will be
accumulated and paid on the Delayed Payment Date. 
 14.2 The Company intends that income provided to Executive pursuant to
this Agreement will not be subject to taxation under Section 409A of the Code. The provisions of this Agreement shall be interpreted and construed in favor of satisfying any applicable requirements of Section 409A of the Code. However, the
Company does not guarantee any particular tax effect for income provided to Executive pursuant to this Agreement. In any event, 

  

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except for the Company’s responsibility to withhold applicable income and employment taxes from compensation paid or provided to Executive, the Company
shall not be responsible for the payment of any applicable taxes on compensation paid or provided to Executive pursuant to this Agreement. 
 14.3 Notwithstanding anything herein to the contrary, the reimbursement of expenses or in-kind benefits provided pursuant to this Agreement shall be subject to the following conditions: (a) the expenses eligible
for reimbursement or in-kind benefits in one taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits in any other taxable year; (b) the reimbursement of eligible expenses or in-kind benefits shall be made
promptly, subject to Company’s applicable policies, but in no event later than the end of the year after the year in which such expense was incurred; and (c) the right to reimbursement or in-kind benefits shall not be subject to
liquidation or exchange for another benefit. 
 14.4 For purposes of Section 409A of the Code, the right to a series of
installment payments under this Agreement shall be treated as a right to a series of separate payments. 
 15. Entire Agreement. This
Agreement, including Company’s Employee Nondisclosure, Assignment and Non-Solicitation Agreement incorporated herein by reference and any documents related to Executive’s equity awards, constitutes the entire agreement between the parties
relating to this subject matter and supersedes all prior or simultaneous representations, discussions, negotiations, and agreements, whether written or oral. This Agreement may be amended or modified only with the written consent of Executive and
the Chairman of the Compensation and Executive Development Committee of Company. No oral waiver, amendment or modification will be effective under any circumstances whatsoever. 
 THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW. 

 

					
		 		 	
		
	Dated: November 17, 2008	 	/s/ James White
		 	JAMES WHITE
		
		 	JAMBA JUICE COMPANY
			
	Dated: November 17, 2008	 	By:	 	/s/ Steven R. Berrard
		 	Name:	 	Steven R. Berrard
		 	Title:	 	President and Chief Executive Officer
		
		 	6475 Christie Ave., Ste 150
		 	Emeryville, CA 94608

  

 -10-Exhibit 4.24(k)

 Exhibit 4.24 (k) 
  

	
	This Instrument Prepared By:
	
	/s/ Nina J. Hertz
	Nina J. Hertz
	 Delmarva Power & Light Company
 800 King
Street
 Wilmington, DE 19801

  
  
  
 DELMARVA POWER & LIGHT COMPANY 

TO 
 THE CHASE MANHATTAN BANK 

(formerly known as Chemical Bank), 
 Trustee.

  
  
 NINETY-FIFTH SUPPLEMENTAL 
 INDENTURE

  
  
 Dated as of January 1, 2000 
 (but
executed on the dates shown on the execution page) 
  
  

 This NINETY-FIFTH SUPPLEMENTAL INDENTURE, dated as of the first day of January, 2000 (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 CHASE MANHATTAN BANK
(formerly known as Chemical Bank), a corporation of the State of New York, hereinafter called the Trustee; 
 WITNESSETH: 
 WHEREAS, the Company heretofore executed and delivered its Indenture of Mortgage and Deed of Trust (hereinafter in this Ninety-Fifth 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 Chase Manhattan Bank 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, by ninety four indentures supplemental to said Original Indenture dated as of October 1, 1943, of which ninety four supplemental indentures
the Ninety Fourth Supplemental Indenture is dated as of January 1, 1999, the Original Indenture has been modified and supplemented (hereinafter, as so supplemented and amended, called the “Indenture”); and 
 WHEREAS, the execution and delivery of this Ninety-Fifth Supplemental Indenture has been duly authorized by the Board of Directors of the Company by
Unanimous Written Consent and passed according to law, and all conditions and requirements necessary to make this Ninety-Fifth 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, Article IX, Section 9.03(a)
permits the release of property pledged hereunder by substituting cash and Article IX, Section 9.06 permits the release of cash collateral on the basis of certain bondable property additions or on the basis of bonds which have been retired;

 WHEREAS, Article IX, Section 9.07 permits the release of purchase money obligations pledged hereunder by payment in cash of the
unpaid portion of such obligations and Article IX, Section 9.06 permits the release of cash collateral on the basis of certain bondable property additions or on the basis of bonds which have been retired; 
 WHEREAS, for the simplification of administration of the trusts created under the Indenture the Company desires to amend the Indenture to permit the
accomplishment in one step of what now requires two successive steps; 
 WHEREAS, it is provided in and by the Original Indenture under
Article XVII, Section 17.01 that the Company when authorized by a resolution of its Board of Directors, and the Trustee may at any time enter into an indenture or indentures supplemental thereto (which shall 

  

 2 

 
not contain any provisions which are in conflict with the Trust Indenture Act of 1939 as then in effect) without the consent of the holders of any
outstanding bonds, for the purpose of curing any ambiguity or correcting or supplementing any provision contained therein or in any supplemental indenture which may be defective or inconsistent with any other provision contained therein or in any
supplemental indenture, or to make such other provisions in regard to matters or questions arising under the Original Indenture as long as such indenture or indentures are not inconsistent with the provisions of the Original Indenture and do not
adversely affect the interests of the holders of the bonds; and 
 WHEREAS, the Company, by appropriate corporate action pursuant to Article
XVII, Section 17.01(e) and in conformity with the terms of the Original Indenture, has duly determined to amend Article IX, Section 9.03 and Article IX, Section 9.07; and 
 WHEREAS, the amendments contained herein are permitted under the provisions of Article XVII, Section 17.01; 
 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 NINETY-FIFTH SUPPLEMENTAL INDENTURE WITNESETH that for and in consideration of the premises and in pursuance of the
provisions of the Indenture: 
 A. The Company and the Trustee hereby agree that the Original Indenture is hereby amended pursuant to the
provisions of Section 17.01(e) thereof as follows: 
 No. 1 — Article IX, Section 9.03 is amended by inserting the
following subsections directly after subsection (d): 
 “(e) the amount of bondable value of property additions which the
Company elects to make the basis of a release under this Section; and 
 (f) the principal amount of bonds authenticated and
delivered hereunder which might then be made the basis for the authentication and delivery of bonds under the provisions of Section 4.05 hereof and which the Company elects to make the basis of a release under this Section in lieu of the right
of the Company to the authentication and delivery of bonds on such basis;” 
  

 3 

 No. 2 — Article IX, Section 9.03, the clause labeled “(9)” is amended by
deleting the word “and” that appears at its end. 
 No. 3 — Article IX, Section 9.03, subparagraph (iv) of the
clause labeled “(10)” is amended by deleting the period at the end thereof and inserting in its place the following: “, and” 
 No. 4 — Article IX, Section 9.03 is amended by inserting the following directly after subparagraph (iv) of the clause labeled “(10)”: 
  

	 	“(11)	if the release is applied for in whole or in part upon the basis of bonds authenticated and delivered hereunder which might then be made the basis for the authentication and
delivery of bonds under the provisions of Section 4.05 hereof, in accordance with Section 9.03(f) hereof, the Company shall comply with the provisions of Section 4.05 hereof (except the provisions therein relating to Section 4.07
thereof).” 

 No. 5 — Article IX, Section 9.07 is amended by deleting the first sentence in the second
paragraph thereof and inserting in its place the following language: 
 “Any purchase money obligations, obligations of a governmental
body or agency and any other evidences of indebtedness (other than indebtedness of a Subsidiary and prior lien bonds), held by the Trustee, may be released by the Trustee from the lien of this Indenture either (i) upon payment to the Trustee of
cash in the amount of the unpaid portion of such obligations or evidences of indebtedness to be released, or (ii) by the Company’s election to use bondable value of property additions in an amount equal to the unpaid portion of such
obligations or evidences of indebtedness to be released or (iii) by the Company’s election to use, as the basis for release hereunder, the principal amount of bonds authenticated and delivered hereunder which might then be made the basis
for the authentication and delivery of bonds under the provisions of Section 4.05 hereof in lieu of the right of the Company to the authentication and delivery of bonds on such basis; provided that, in case the release is applied for in whole
or in part upon the basis of bonds authenticated and delivered hereunder which might then be made the basis for the authentication and delivery of bonds under the provisions of Section 4.05, the Company shall comply with the provisions of
Section 4.05, except the provisions therein relating to Section 4.07 hereof “ 
 B. The Company by these presents does hereby
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 heretofore or hereafter acquire, 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: 
  

 4 

 All the coal of the Upper Freeport of “E” seam or vein of coal in and underlying that certain
tract situate in South Bend Township, Armstrong County, Pennsylvania bounded and described as follows: 
 BEGINNING at a red oak corner said
corner being the southeast corner of the original tract of coal known as the Henderson Heirs Tract thence along coal lands now or formerly owned by the Strong Coal Company North 77° 30’ West a distance of 113.267 feet to a point; thence
through lands of which this was a part North 13° 02’ 59” East a distance of 243.426 feet to a point on line of the Henderson Heirs Tract and coal now or formerly owned by the Strong Coal Company; thence through the Henderson Heirs
Tract of which this was a part North 40° 34’ 30” West a distance of 984.966 feet to a point on line; thence along said line between Henderson Heirs and Strong Coal Company South 77° 30’ East a distance of 687.366 feet to a
point; thence along same the following two courses and distances: South 15° 00’ West a distance of 340.00 feet to a point; South 12° 00’ East a distance of 544.50 feet to a red oak corner, the place of beginning. 
 CONTAINING 4.49 acres, 
 And being a portion of the coal
under Tax Map Number 204.00-06-25. 
 BEING part of the same coal tract described in Deed to Grantor from T.J.S. Mining, Inc. In deed dated
February 23, 1999, and recorded in Armstrong County Deed Book Volume 1941, Page 160. 
 TO HAVE AND TO HOLD, the same with all and
singular appurtenances, unto the said Grantee, its successors and assigns, to and for the only proper use and behoof of the said Grantee, its successors and assigns, forever. 
 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, 1999, and not heretofore specifically subjected to the lien of the Indenture. 
 Also without limitation of the generality of the foregoing, the easements and rights-of-way and other rights in or not used in connection with the Company’s operations, which are conveyed to the Company and
recorded in the following Real Property Deed Record to which reference is made for a more particular description, to wit: 
 State and County

 DELAWARE 
 New Castle 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	11/16/98	 	2598	 	281	 	11/17/98	 	2598	 	279
	11/20/98	 	2543	 	0200	 	12/02/98	 	2548	 	0334
	12/02/98	 	2548	 	0332	 	10/29/98	 	2598	 	277
	12/04/98	 	2598	 	275	 	12/28/98	 	2590	 	232

  

 5 

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	12/14/98	 	2603	 	233	 	12/14/98	 	2603	 	235
	12/14/98	 	2603	 	237	 	12/14/98	 	2603	 	239
	12/15/98	 	2603	 	224	 	01/25/99	 	2604	 	287
	12/30/98	 	2590	 	230	 	01/20/99	 	2590	 	234
	01/22/99	 	2590	 	236	 	12/14/98	 	2603	 	231
	02/01/99	 	2604	 	256	 	02/05/99	 	2604	 	267
	02/03/99	 	2635	 	0321	 	03/15/99	 	2635	 	0331
	02/09/99	 	2604	 	269	 	02/15/99	 	2604	 	254
	03/02/99	 	2615	 	326	 	03/07/99	 	2615	 	328
	03/12/99	 	2615	 	330	 	03/10/99	 	2652	 	0109
	03/15/99	 	2652	 	0118	 	04/02/99	 	2652	 	0114
	03/22/99	 	2635	 	0319	 	03/25/99	 	2635	 	0329
	03/30/99	 	2635	 	0327	 	03/31/99	 	2640	 	0321
	04/12/99	 	2635	 	0325	 	04/13/99	 	2635	 	0323
	04/21/99	 	2652	 	0122	 	04/26/99	 	2652	 	0120
	04/26/99	 	2652	 	0103	 	04/27/99	 	2652	 	0126
	05/03/99	 	2652	 	0106	 	09/14/98	 	2680	 	0223
	05/17/99	 	2671	 	0075	 	06/11/99	 	2671	 	0077
	06/02/99	 	2671	 	0073	 	07/31/99	 	2698	 	0299
	06/16/99	 	2680	 	0226	 	10/05/99	 	2736	 	0347
	08/24/99	 	2737	 	0001	 	11/19/99	 	2754	 	0132
	10/26/99	 	2751	 	0326	 	04/19/99	 	2635	 	0333
	12/01/99	 	2756	 	0246	 		 		 	

 State and County 
 DELAWARE 
 Kent 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	01/22/99	 	302	 	211	 		 		 	

 State and County 
 DELAWARE 
 Sussex 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	09/04/98	 	2360	 	39	 	09/04/98	 	2360	 	41
	09/14/98	 	2360	 	43	 	10/02/98	 	2360	 	35
	09/16/98	 	2339	 	229	 	10/19/98	 	2339	 	231
	10/05/98	 	2346	 	147	 	10/30/98	 	2346	 	149
	10/19/98	 	2339	 	233	 	10/19/98	 	2339	 	235
	10/19/98	 	2339	 	237	 	10/19/98	 	2339	 	239

  

 6 

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	10/22/98	 	2339	 	227	 	10/23/98	 	2339	 	225
	11/09/98	 	2360	 	37	 	11/16/98	 	2360	 	31
	11/25/98	 	2360	 	33	 	11/25/98	 	2360	 	27
	11/29/98	 	2360	 	29	 	01/15/99	 	2360	 	156
	01/22/99	 	2371	 	205	 	02/01/99	 	2371	 	215
	02/01/99	 	2371	 	213	 	02/05/99	 	2371	 	202
	02/05/99	 	2371	 	211	 	02/10/99	 	2374	 	083
	02/10/99	 	2374	 	083	 	03/15/99	 	2374	 	079
	03/15/99	 	2374	 	079	 	04/12/99	 	2374	 	081
	03/31/99	 	2416	 	041	 	09/07/99	 	02436	 	120
	04/12/99	 	2374	 	081	 	03/19/99	 	2416	 	043

 State and County 
 MARYLAND 
 Caroline 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	08/18/98	 	349	 	772	 	10/02/98	 	354	 	920
	11/16/98	 	354	 	916	 	01/13/99	 	354	 	888
	11/18/98	 	354	 	912	 	11/18/98	 	354	 	914
	04/23/99	 	366	 	827	 	04/23/99	 	366	 	829
	07/04/99	 	369	 	199	 	11/01/99	 	376	 	256
	11/18/99	 	377	 	226	 	11/23/99	 	377	 	223

 State and County 
 MARYLAND 
 Cecil 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	06/19/95	 	0859	 	117	 	10/29/99	 	0859	 	115
	05/06/98	 	785	 	504	 	11/23/98	 	778	 	613
	11/30/98	 	778	 	610	 	11/30/98	 	778	 	599
	11/30/98	 	778	 	597	 	12/15/98	 	778	 	617
	12/03/98	 	0808	 	747	 	03/29/99	 	0808	 	750
	12/16/98	 	778	 	615	 	12/28/98	 	778	 	623
	12/29/98	 	778	 	619	 	12/30/98	 	778	 	621
	12/30/98	 	778	 	592	 	01/21/99	 	778	 	589
	02/01/99	 	785	 	492	 	02/05/99	 	785	 	498
	02/08/99	 	785	 	502	 	02/22/99	 	785	 	500
	02/12/99	 	0800	 	670	 	03/15/99	 	0800	 	672
	02/23/99	 	785	 	506	 	02/22/99	 	791	 	428

  

 7 

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	03/18/99	 	791	 	430	 	03/19/99	 	791	 	425
	04/04/99	 	0809	 	001	 	04/21/99	 	0809	 	003
	04/05/99	 	0800	 	674	 	06/01/99	 	0820	 	279
	04/22/99	 	0809	 	005	 	04/23/99	 	0809	 	007
	04/23/99	 	0809	 	009	 	04/27/99	 	0809	 	011
	04/28/99	 	0809	 	014	 	04/28/99	 	0809	 	016
	05/04/99	 	0809	 	020	 	05/05/99	 	0809	 	022
	05/05/99	 	0809	 	022	 	05/12/99	 	0809	 	027
	05/17/99	 	0809	 	029	 	05/18/99	 	0809	 	031
	05/18/99	 	0809	 	033	 	05/18/99	 	0809	 	035
	06/02/99	 	0820	 	281	 	06/04/99	 	0820	 	283
	06/09/99	 	0832	 	566	 	06/10/99	 	0832	 	568
	06/10/99	 	0823	 	128	 	06/16/99	 	0825	 	079
	06/16/99	 	0823	 	132	 	06/18/99	 	0823	 	130
	06/21/99	 	0823	 	134	 	06/23/99	 	0825	 	077
	06/30/99	 	0823	 	136	 	07/02/99	 	0825	 	081
	07/12/99	 	0830	 	154	 	07/19/99	 	0830	 	156
	07/17/99	 	0836	 	259	 	07/17/99	 	0836	 	257
	07/17/99	 	0836	 	261	 	08/06/99	 	0841	 	123
	07/21/99	 	0830	 	158	 	07/22/99	 	0832	 	570
	07/23/99	 	0832	 	572	 	07/24/99	 	0832	 	574
	07/26/99	 	0832	 	576	 	07/26/99	 	0832	 	578
	07/27/99	 	0832	 	580	 	07/30/99	 	0832	 	582
	07/30/99	 	0832	 	584	 	08/06/99	 	0832	 	588
	08/09/99	 	0832	 	586	 	07/13/99	 	0836	 	255
	08/09/99	 	0836	 	263	 	08/16/99	 	0836	 	272
	08/23/99	 	0838	 	590	 	08/25/99	 	0838	 	592
	08/25/99	 	0838	 	594	 	09/02/99	 	0841	 	119
	11/02/99	 	0860	 	663	 	11/17/99	 	0860	 	665
	11/19/99	 	0862	 	339	 	12/01/99	 	0866	 	339
	11/23/99	 	0860	 	667	 	06/19/95	 	3184	 	0282
	12/01/99	 	0862	 	336	 	12/10/99	 	0866	 	337
	12/29/99	 	0769	 	062	 	12/29/99	 	0769	 	064
	12/29/99	 	0769	 	067	 	12/29/99	 	0769	 	069
	12/29/99	 	0769	 	071	 	12/29/99	 	0769	 	073

 State and County 
 MARYLAND 
 Dorchester 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	04/28/99	 	0403	 	0535	 	04/28/99	 	0403	 	0536
	04/28/99	 	0403	 	0537	 	04/28/99	 	0403	 	0538

  

 8 

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	04/28/99	 	0403	 	0539	 	04/28/99	 	0403	 	0540
	11/23/99	 	417	 	0825	 		 		 	

 State and County 
 MARYLAND 
 Harford 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	07/29/98	 	2999	 	0071	 	09/11/98	 	2999	 	0039
	09/26/98	 	2999	 	0041	 	10/13/98	 	2999	 	0043
	10/23/98	 	2999	 	0069	 	09/04/98	 	2999	 	0063
	11/05/98	 	2999	 	0036	 	11/17/98	 	2999	 	0061
	11/27/98	 	2999	 	0059	 	12/21/98	 	2999	 	0047
	12/21/98	 	2999	 	0049	 	12/21/98	 	2999	 	0057
	01/05/99	 	2999	 	0065	 	02/09/99	 	2999	 	0045
	03/02/99	 	2999	 	0053	 	03/17/99	 	2999	 	0051
	03/04/99	 	3028	 	0436	 	03/25/99	 	3033	 	0707
	03/18/99	 	2999	 	0055	 	03/23/99	 	2999	 	0082
	03/24/99	 	2999	 	0084	 	03/29/99	 	2999	 	0080
	04/01/99	 	3028	 	0442	 	04/12/99	 	3033	 	0709
	05/14/99	 	3064	 	0142	 	06/01/99	 	3064	 	0136
	05/18/99	 	3033	 	0711	 	05/26/99	 	3077	 	0513
	06/01/99	 	3070	 	0715	 	06/09/99	 	3070	 	0717
	06/08/99	 	3064	 	0134	 	12/21/98	 	3033	 	0705
	06/21/99	 	3077	 	0511	 	06/22/99	 	3070	 	0719
	07/01/99	 	3105	 	0070	 	07/26/99	 	3105	 	0074
	07/07/99	 	3077	 	0509	 	06/28/99	 	3095	 	0130
	08/13/99	 	3105	 	0076	 	08/16/99	 	3105	 	0072
	09/02/99	 	3118	 	0250	 	06/19/95	 	3184	 	0282
	11/22/99	 	3174	 	0330	 	12/06/99	 	3184	 	0288

 State and County 
 MARYLAND 
 Kent 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	08/26/98	 	165	 	379	 	01/19/99	 	168	 	33
	12/03/98	 	170	 	016	 	02/11/99	 	172	 	358
	01/22/99	 	0302	 	0211	 	04/08/99	 	2386	 	343
	04/14/99	 	2386	 	341	 	07/18/99	 	0180	 	362
	06/28/99	 	0181	 	397	 	07/24/99	 	0181	 	395

  

 9 

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	07/28/99	 	0180	 	360	 	05/26/99	 	0182	 	058
	08/03/99	 	0181	 	393	 	10/01/99	 	0187	 	115
	10/01/99	 	0187	 	143	 	11/03/99	 	0187	 	147
	11/02/99	 	0189	 	144	 	11/26/99	 	0189	 	146

 State and County 
 MARYLAND 
 Queen Anne’s 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	07/14/98	 	658	 	567	 	09/04/98	 	658	 	569
	11/10/98	 	660	 	589	 	12/08/98	 	660	 	583
	11/16/98	 	663	 	416	 	01/11/99	 	663	 	414
	12/21/98	 	660	 	585	 	01/27/99	 	660	 	587
	01/20/99	 	663	 	418	 	01/18/99	 	667	 	349
	01/26/99	 	667	 	345	 	02/24/99	 	667	 	347
	03/19/99	 	667	 	341	 	03/19/99	 	667	 	343
	03/19/99	 	0687	 	754	 	04/22/99	 	0679	 	181
	03/26/99	 	672	 	693	 	05/01/99	 	0685	 	690
	04/26/99	 	0679	 	183	 	06/14/99	 	0687	 	758
	06/05/99	 	0685	 	692	 	02/15/99	 	0687	 	756
	06/21/99	 	0687	 	760	 	06/29/99	 	0689	 	077
	07/26/99	 	0698	 	062	 	07/29/99	 	0696	 	649
	07/31/99	 	0696	 	651	 	08/06/99	 	0696	 	653
	08/10/99	 	0696	 	655	 	09/02/99	 	712	 	268
	10/18/99	 	710	 	053	 	11/09/99	 	711	 	165
	11/05/99	 	0714	 	580	 		 		 	

 State and County 
 MARYLAND 
 Somerset 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	06/29/99	 	0481	 	879	 	07/15/99	 	0481	 	881
	07/22/99	 	0481	 	883	 	08/19/99	 	0482	 	856

  

 10 

 
State and County  
 MARYLAND 
 Talbot 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	09/30/98	 	919	 	169	 	10/02/98	 	919	 	175
	10/02/98	 	919	 	177	 	10/23/98	 	919	 	171
	10/22/98	 	0932	 	490	 	04/22/99	 	0940	 	479
	12/17/98	 	919	 	173	 	01/11/99	 	919	 	167
	02/02/99	 	922	 	483	 	02/02/99	 	922	 	481
	02/12/99	 	922	 	479	 	03/01/99	 	929	 	951
	03/04/99	 	929	 	953	 	03/10/99	 	929	 	955
	03/29/99	 	0936	 	417	 	04/22/99	 	0936	 	421
	04/22/99	 	0940	 	477	 	04/26/99	 	0932	 	486
	04/22/99	 	0936	 	419	 	06/02/99	 	0936	 	423
	04/29/99	 	0932	 	488	 	05/01/99	 	0937	 	238
	05/01/99	 	0937	 	236	 	05/18/99	 	0932	 	484
	06/11/99	 	0938	 	095	 	11/26/99	 	0953	 	427
	12/02/99	 	0953	 	429	 		 		 	

 State and County 
 MARYLAND 
 Wicomico 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	04/17/98	 	1635	 	491	 	07/18/98	 	1630	 	085
	10/19/98	 	1722	 	670	 	03/15/99	 	1722	 	666
	11/07/98	 	1661	 	831	 	11/10/98	 	1661	 	834
	11/10/98	 	1661	 	836	 	11/13/98	 	1661	 	838
	11/23/98	 	1642	 	240	 	11/23/98	 	1642	 	242
	11/23/98	 	1642	 	244	 	11/23/98	 	1642	 	246
	11/23/98	 	1661	 	842	 	01/07/99	 	1666	 	405
	12/17/98	 	1658	 	691	 	10/22/98	 	1661	 	828
	01/07/99	 	1666	 	403	 	01/03/99	 	1666	 	401
	02/05/99	 	1670	 	875	 	05/03/99	 	1698	 	205
	03/29/99	 	1702	 	728	 	04/20/99	 	1702	 	730
	03/30/99	 	1722	 	662	 	04/14/99	 	1722	 	664
	04/26/99	 	1722	 	647	 	04/26/99	 	1722	 	649
	05/03/99	 	1702	 	732	 	05/10/99	 	1702	 	734
	05/14/99	 	1722	 	658	 	05/20/99	 	1722	 	636
	05/19/99	 	1702	 	736	 	05/20/99	 	1702	 	738
	06/04/99	 	1722	 	651	 	06/22/99	 	1722	 	638

  

 11 

											
	 Received
for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	06/24/99	 	1702	 	761	 	07/01/99	 	1700	 	056
	07/01/99	 	1700	 	054	 	08/23/99	 	1705	 	135
	07/02/99	 	1722	 	660	 	07/02/99	 	1722	 	634
	07/02/99	 	1722	 	642	 	07/06/99	 	1722	 	654
	07/12/99	 	1698	 	207	 	07/22/99	 	0481	 	885
	08/11/99	 	1722	 	640	 	08/28/99	 	1722	 	645
	09/29/99	 	1722	 	066	 	10/04/99	 	1718	 	246
	10/09/99	 	1722	 	656	 	11/19/99	 	1722	 	672
	10/26/99	 	1718	 	248	 	10/19/98	 	1722	 	668
	12/03/99	 	1728	 	301	 	05/21/99	 	1702	 	726

 State and County 
 MARYLAND 
 Worcester 
  

											
	 Received
for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	11/16/98	 	2649	 	116	 	12/09/98	 	2649	 	114
	12/01/98	 	2649	 	118	 	05/05/99	 	2703	 	116
	05/26/99	 	2736	 	245	 	05/18/99	 	2736	 	247
	06/16/99	 	2736	 	249	 	07/28/99	 	2740	 	202
	08/20/99	 	2750	 	002	 		 		 	

 State and County 
 VIRGINIA 
 Accomack 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	11/10/98	 	789	 	291	 	11/13/98	 	789	 	297
	11/19/98	 	789	 	294	 	02/22/99	 	792	 	233
	02/23/99	 	792	 	230	 	03/06/99	 	797	 	576
	03/31/99	 	797	 	579	 	10/13/98	 	0804	 	0116
	04/05/99	 	0801	 	0045	 	12/01/99	 	819	 	084
	07/21/99	 	0821	 	510	 		 		 	

 State and County 
 VIRGINIA 
 Northampton 
  

											
	 Received
 for Record
	 	Deed Records	 	Received
for Record	 	Deed Records
	 	Book	 	Page	 	 	Book	 	Page
	09/28/98	 	305	 	289	 	03/11/99	 	309	 	053
	10/07/99	 	314	 	169	 		 		 	

  

 12 

 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
		 		 		 	 	 

 First Mortgage Bonds, Pledged Series I 
  

								
	 Issuance Date
	 	 Tranche
	 	 Maturity
	 	 Principal

	10/12/94	 	1994	 	10/01/29	 	$	33,750.000
		 		 		 	 	 
	Total Bonds Issued:	 		 		 	$	159,550,000
		 		 		 	 	 

 As supplemented and amended by this Ninety-Fifth 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 Ninety-Fifth Supplemental Indenture shall be read, taken and construed as one and the
same instrument. 
 This Ninety-Fifth 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, 800 King Street, P.O. Box 231, Wilmington, Delaware 19899. The secured party and its address, from which information concerning the security interest hereunder may be
obtained, are The Chase Manhattan Bank, 450 West 33rd Street, New York, New York 10001, Attn.: Corporate Trust Department. 
 The Company
acknowledges that it received a true and correct copy of this Ninety-Fifth Supplemental Indenture. 
  

 13 

 This Ninety-Fifth Supplemental Indenture is executed and delivered pursuant to the provisions of
Section 5.11 and paragraphs (a) and (e) 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 and for the purpose of making certain
amendments to the Indenture; but nothing contained in this Ninety-Fifth Supplemental Indenture shall be deemed in any manner to affect (except for such purposes and except as otherwise specifically provided herein) 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 as hereby amended are hereby expressly confirmed. 
 The recitals hereinabove set forth are made solely by the Company and the Trustee shall have no responsibility therefor. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be signed in its name and behalf by its Senior Vice President and Chief Financial Officer,
and its corporate seal to be hereunto affixed and attested by its Secretary and the Trustee has caused this instrument to be signed in its name and behalf by an Assistant Vice President and its corporate seal to be hereunto affixed and attested by a
Trust Officer, effective as of the 1st day of January, 2000. 
 (INTENTIONALLY BLANK) 
  

 14 

							
		 		 	DELMARVA POWER & LIGHT COMPANY
				
	Date of Execution	 		 	By	 	 /s/ John C. van Roden, Jr.

		 		 		 	 JOHN C. VAN RODEN, JR., SENIOR VICE
 PRESIDENT &
CHIEF FINANCIAL
 OFFICER

	March 8, 2000	 		 		 	
				
	[seal]	 		 		 	
		 		 	Attest:	 	
		 		 		 	 /s/ Nina J. Hertz

		 		 		 	NINA J. HERTZ, ASSISTANT SECRETARY
				
		 		 		 	THE CHASE MANHATTAN BANK
		 		 		 	(formerly known as Chemical Bank)
				
	Date of Execution	 		 	By	 	 /s/ Wanda Eiland

		 		 		 	WANDA EILAND, ASST. VICE PRESIDENT
	March 14, 2000	 		 		 	
				
	[seal]	 		 		 	
		 		 	Attest:	 	
		 		 		 	 /s/ William G. Keenan

		 		 		 	WILLIAM G. KEENAN, TRUST OFFICER

  

 15 

							
	STATE OF DELAWARE	 	)	 		  	
		 	)	 	SS.	  	
	NEW CASTLE COUNTY	 	)	 		  	

 BE IT REMEMBERED that on this 8 day of March, 2000, personally came before me, a
notary public for the State of Delaware, JOHN C. VAN RODEN, JR., Senior Vice President and Chief Financial Officer 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/ Nina J. Hertz

	 Notary Public, State of Delaware

	 My commission expires 9/14/00

 [seal] 
 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/ Nina J. Hertz

	 Nina J. Hertz

  

 16 

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

 BE IT REMEMBERED that on this 14 day of March, 2000, personally came before me,
a Notary Public for the State of New York, WANDA EILAND, an Assistant Vice President of THE CHASE MANHATTAN BANK, a corporation of the State of New York (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 her 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/ Emily Favan

	 Notary Public, State of New York

 [Seal] 
  

 17 

 CERTIFICATE OF RESIDENCE 
 THE CHASE MANHATTAN BANK, successor Trustee to the Trustee within named, by merger, hereby certifies that its precise residence is 450 West 33rd Street, in the Borough of Manhattan, in The City of New York, in the
State of New York. 
 THE CHASE MANHATTAN BANK 
  

			
	 By
	 	 /s/ Wanda Eiland

		 	WANDA EILAND, ASST. VICE PRESIDENT

  

 18 

 RECORDATION DATA 
 Executed Counterparts of the Ninety-Fifth Supplemental Indenture were recorded in Real Property Mortgage Records as follows: 
  

							
	 	  	Received
for Record	  	Mortgage Records
	 State and County
	  	  	Book	  	Page
	 DELAWARE:
	  		  		  	
	 Kent
	  	4/27/00	  	857	  	1
	 New Castle
	  	4/4/00	  	6635	  	0085
	 Sussex
	  	4/3/00	  	3338	  	058
	 MARYLAND:
	  		  		  	
	 Caroline
	  	4/4/00	  	383	  	138
	 Cecil
	  	4/28/00	  	891	  	456
	 Dorchester
	  	4/5/00	  	423	  	164
	 Harford
	  	4/28/00	  	3249	  	551
	 Kent
	  	4/27/00	  	196	  	73
	 Queen Anne’s
	  	4/4/00	  	727	  	039
	 Somerset
	  	4/3/00	  	490	  	932
	 Talbot
	  	4/14/00	  	961	  	621
	 Wicomico
	  	3/31/00	  	1739	  	400
	 Worcester
	  	3/31/00	  	2832	  	196
	 VIRGINIA:
	  		  		  	
	 Accomack
	  	4/4/00	  	827	  	046
	 Northampton
	  	4/4/00	  	318	  	605
	 PENNSYLVANIA:
	  		  		  	
	 Adams
	  	4/26/00	  	2037	  	17
	 Armstrong
	  	4/24/00	  	2074	  	27
	 Bedford
	  	4/25/00	  	803	  	471
	 Blair
	  	4/25/00	  	1464	  	283
	 Cambria
	  	4/21/00	  	1662	  	277
	 Cumberland
	  	4/27/00	  	1608	  	470
	 Delaware
	  	4/26/00	  	2006	  	23
	 Franklin
	  	4/25/00	  	1502	  	404
	 Huntingdon
	  	4/21/00	  	532	  	744
	 Indiana
	  	4/24/00	  	628	  	245
	 Lancaster
	  	4/27/00	  	6613	  	593
	 Montgomery
	  	4/24/00	  	8673	  	223
	 Westmoreland
	  	4/24/00	  	4864	  	253
	 York
	  	4/24/00	  	1396	  	4493
	 NEW JERSEY:
	  		  		  	
	 Burlington
	  	4/19/00	  	7743	  	536
	 Camden
	  	4/28/00	  	5289	  	885
	 Gloucester
	  	4/17/00	  	4282	  	283
	 Mercer
	  	4/19/00	  	5289	  	176
	 Middlesex
	  	4/25/00	  	4768	  	615
	 Salem
	  	4/17/00	  	1156	  	21
	 Somerset
	  	4/17/00	  	3270	  	691
	 Warren
	  	4/20/00	  	2193	  	213

  

 19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}]]