Document:

Supplemental Indenture

 Exhibit 4.1 
 This instrument was prepared by, 
 and when recorded should be 
 returned to: 
 Richard W. Astle 
 Sidley Austin LLP

 One South Dearborn Street 
 Chicago, Illinois 60603 

 

 SUPPLEMENTAL
INDENTURE 
 Dated as of December 20, 2007 
 COMMONWEALTH EDISON COMPANY 
 to

 BNY MIDWEST TRUST COMPANY 
 and 
 D.G. DONOVAN 
 Trustees Under Mortgage Dated July 1, 1923, 
 and Certain 
 Indentures Supplemental Thereto 
 Providing for Issuance of 
 FIRST MORTGAGE 6.45% BONDS, SERIES 107 
 Due January 15, 2038 

 THIS SUPPLEMENTAL INDENTURE, dated as of December 20,
2007, between COMMONWEALTH EDISON COMPANY, a corporation organized and existing under the laws of the State of Illinois (hereinafter called the “Company”) having an address at 440 South
LaSalle Street, Suite 3300, Chicago, Illinois 60605, party of the first part, BNY MIDWEST TRUST COMPANY, a trust company organized and existing under the laws of the State of Illinois having an address at
2 North LaSalle Street, Suite 1020, Chicago, Illinois 60602, and D.G. DONOVAN, an individual having an address at 2 North LaSalle Street, Suite 1020, Chicago, Illinois 60602, as Trustee and Co-Trustee, respectively, under the
Mortgage of the Company dated July 1, 1923, as amended and supplemented by Supplemental Indenture dated August 1, 1944 and the subsequent supplemental indentures hereinafter mentioned, parties of the second part (said Trustee being
hereinafter called the “Trustee”, the Trustee and said Co-Trustee being hereinafter together called the “Trustees”, and said Mortgage dated July 1, 1923, as amended and supplemented by said Supplemental
Indenture dated August 1, 1944 and subsequent supplemental indentures, being hereinafter called the “Mortgage”), 
 W I
T N E S S E T H: 
 WHEREAS, the Company duly executed and delivered the Mortgage to provide for the issue of, and to secure, its bonds,
issuable in series and without limit as to principal amount except as provided in the Mortgage; and 
 WHEREAS, the Company from time to time
has executed and delivered supplemental indentures to the Mortgage to provide for (i) the creation of additional series of bonds secured by the Mortgage, (ii) the amendment of certain of the terms and provisions of the Mortgage and
(iii) the confirmation of the lien of the Mortgage upon property of the Company, such supplemental indentures that are currently effective and the respective dates, parties thereto and purposes thereof, being as follows: 
  

					
	 Supplemental
Indenture Date
	  	 Parties
	  	 Providing For

	August 1, 1944	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Edmond B. Stofft, as Trustee and Co-Trustee	  	Amendment and restatement of Mortgage dated July 1, 1923
			
	August 1, 1946	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Edmond B. Stofft, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 1, 1953	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Edmond B. Stofft, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	March 31, 1967	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Edward J. Friedrich, as Trustee and Co-Trustee	  	Confirmation of mortgage lien

  

 -2- 

					
	 Supplemental
Indenture Date
	  	 Parties
	  	 Providing For

	April 1, 1967	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Edward J. Friedrich, as Trustee and Co-Trustee	  	Amendment of Sections 3.01, 3.02, 3.05 and 3.14 of the Mortgage and issuance of First Mortgage 5-3/8% Bonds, Series Y
			
	February 28, 1969	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	May 29, 1970	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	June 1, 1971	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 1, 1972	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	May 31, 1972	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	June 15, 1973	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	May 31, 1974	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	June 13, 1975	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	May 28, 1976	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	June 3, 1977	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	May 17, 1978	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	August 31, 1978	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien

  

 -3- 

					
	 Supplemental
Indenture Date
	  	 Parties
	  	 Providing For

	June 18, 1979	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	June 20, 1980	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 16, 1981	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 30, 1982	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 15, 1983	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 13, 1984	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 15, 1985	  	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	April 15, 1986	  	Company to Continental Illinois National Bank and Trust Company of Chicago and M.J. Kruger, as Trustee and Co-Trustee	  	Confirmation of mortgage lien
			
	May 15, 1992	  	Company to Continental Bank, National Association and M.J. Kruger, as Trustee and Co-Trustee	  	Issuance of First Mortgage 6-1/8% Bonds, Series 82 and First Mortgage 8% Bonds, Series 83
			
	April 15, 1993	  	Company to Continental Bank, National Association and M.J. Kruger, as Trustee and Co-Trustee	  	Issuance of First Mortgage 7-5/8% Bonds, Series 92
			
	June 15, 1993	  	Company to Continental Bank, National Association and M.J. Kruger, as Trustee and Co-Trustee	  	Issuance of First Mortgage 7% Bonds, Series 93 and First Mortgage 7-1/2% Bonds, Series 94
			
	January 15, 1994	  	Company to Continental Bank, National Association and M.J. Kruger, as Trustee and Co-Trustee	  	Issuance of First Mortgage Bonds, Pollution Control Series 1994A, 1994B and 1994C
			
	March 1, 2002	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of unregistered First Mortgage 6.15% Bonds, Series 98
			
	May 20, 2002	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage Bonds, Pollution Control Series 2002

  

 -4- 

					
	 Supplemental
Indenture Date
	  	 Parties
	  	 Providing For

	 June 1, 2002
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of additional unregistered First Mortgage 6.15% Bonds, Series 98
			
	 October 7, 2002
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of registered First Mortgage 6.15% Bonds, Series 98 in exchange for unregistered First Mortgage 6.15% Bonds, Series 98
			
	 January 13, 2003
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 3.700% Bonds, Series 99 and First Mortgage 5.875% Bonds, Series 100
			
	 March 14, 2003
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 4.70% Bonds, Series 101
			
	 April 23, 2003
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage Bonds, Pollution Control Series 2003
			
	 August 13, 2003
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 4.74% Bonds, Series 102
			
	 September 10, 2003
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage Bonds, Pollution Control Series 2003B
			
	 November 10, 2003
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage Bonds, Pollution Control Series 2003C
			
	 December 5, 2003
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage Bonds, Pollution Control Series 2003D
			
	 February 15, 2005
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage Bonds, Pollution Control Series 2005
			
	 February 22, 2006
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 5.90% Bonds, Series 103
			
	 August 1, 2006
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 5.95% Bonds, Series 104
			
	 September 15, 2006
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of additional First Mortgage 5.95% Bonds, Series 104
			
	 December 1, 2006
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 5.40% Bonds, Series 105
			
	 March 1, 2007
	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of additional First Mortgage 5.90% Bonds, Series 103

  

 -5- 

					
	 Supplemental
Indenture Date
	  	 Parties
	  	 Providing For

	August 30, 2007	  	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee	  	Issuance of First Mortgage 6.15% Bonds, Series 106

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

						
	 Designation
	  	 Maturity Date
	  	Principal Amount
	 First Mortgage 8% Bonds, Series 83
	  	May 15, 2008	  	$	120,000,000
	 First Mortgage 7-5/8% Bonds, Series 92
	  	April 15, 2013	  	 	125,000,000
	 First Mortgage 7-1/2% Bonds, Series 94
	  	July 1, 2013	  	 	127,000,000
	 First Mortgage 5.7% Bonds, Pollution Control Series 1994B
	  	January 15, 2009	  	 	15,900,000
	 First Mortgage 5.85% Bonds, Pollution Control Series 1994C
	  	January 15, 2014	  	 	17,000,000
	 First Mortgage 6.15% Bonds, Series 98
	  	March 15, 2012	  	 	450,000,000
	 First Mortgage Bonds, Pollution Control Series 2002
	  	April 15, 2013	  	 	100,000,000
	 First Mortgage 3.700% Bonds, Series 99
	  	February 1, 2008	  	 	295,000,000
	 First Mortgage 5.875% Bonds, Series 100
	  	February 1, 2033	  	 	253,600,000
	 First Mortgage 4.70% Bonds, Series 101
	  	April 15, 2015	  	 	260,000,000
	 First Mortgage Bonds, Pollution Control Series 2003
	  	May 15, 2017	  	 	40,000,000
	 First Mortgage 4.74% Bonds, Series 102
	  	August 15, 2010	  	 	212,000,000
	 First Mortgage Bonds, Pollution Control Series 2003B
	  	November 1, 2019	  	 	42,200,000
	 First Mortgage Bonds, Pollution Control Series 2003C
	  	March 1, 2020	  	 	50,000,000
	 First Mortgage Bonds, Pollution Control Series 2003D
	  	January 15, 2014	  	 	19,975,000
	 First Mortgage Bonds, Pollution Control Series 2005
	  	March 1, 2017	  	 	91,000,000
	 First Mortgage 5.90% Bonds, Series 103
	  	March 15, 2036	  	 	625,000,000
	 First Mortgage 5.95% Bonds, Series 104
	  	August 15, 2016	  	 	415,000,000
	 First Mortgage 5.40% Bonds, Series 105
	  	December 15, 2011	  	 	345,000,000
	 First Mortgage 6.15% Bonds, Series 106
	  	September 15, 2017	  	 	425,000,000
		  		  	 	 
		  	Total	  	$	4,028,675,000
		  		  	 	 

  

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 WHEREAS, the Mortgage provides for the issuance from time to time thereunder, in series, of bonds of the
Company for the purposes and subject to the limitations therein specified; and 
 WHEREAS, the Company desires, by this Supplemental
Indenture, to create an additional series of bonds to be issuable under the Mortgage, such bonds to be designated “First Mortgage 6.45% Bonds, Series 107 (hereinafter called the “bonds of Series 107”) and the terms and
provisions to be contained in the bonds of Series 107 or to be otherwise applicable thereto to be as set forth in this Supplemental Indenture; and 
 WHEREAS, the bonds of Series 107 and the Trustee’s certificate to be endorsed thereon shall be substantially in the form of the General Form of Registered Bond Without Coupons and the form of the General Form of Trustee’s
Certificate set forth in Section 3.05 of the Supplemental Indenture dated August 1, 1944 to the Mortgage with such appropriate insertions, omissions and variations in order to express the designation, date, maturity date, annual interest
rate, record dates for, and dates of, payment of interest, denominations, terms of redemption and redemption prices, and other terms and characteristics authorized or permitted by the Mortgage or not inconsistent therewith; and 
 WHEREAS, the Company is legally empowered and has been duly authorized by the necessary corporate action and by an order or orders of the Illinois
Commerce Commission to make, execute and deliver this Supplemental Indenture, and to create, as an additional series of bonds of the Company, the bonds of Series 107, and all acts and things whatsoever necessary to make this Supplemental Indenture,
when executed and delivered by the Company and the Trustees, a valid, binding and legal instrument, and to make the bonds of Series 107, when authenticated by the Trustee and issued as in the Mortgage and in this Supplemental Indenture provided, the
valid, binding and legal obligations of the Company, entitled in all respects to the security of the Mortgage, as amended and supplemented, have been done and performed; 
 NOW, THEREFORE, in consideration of the premises and of the sum of one dollar duly paid by the Trustees to the Company, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the
parties hereto do hereby agree as follows: 
 SECTION 1. Designation and Issuance of Bonds of Series 107. The
bonds of Series 107 shall, as hereinbefore recited, be designated as the Company’s “First Mortgage 6.45% Bonds, Series 107.” Subject to the provisions of the Mortgage, the bonds of Series 107 shall be issuable without limitation as to
the aggregate principal amount thereof. 
  

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 SECTION 2. Form, Date, Maturity Date, Interest Rate and Interest Payment Dates of Bonds of
Series 107. (a) The definitive bonds of Series 107 shall be in engraved, lithographed, printed or typewritten form and shall be registered bonds without coupons; and such bonds and the Trustee’s certificate to be endorsed
thereon shall be substantially in the forms hereinbefore recited, respectively. The bonds of Series 107 shall be dated as provided in Section 3.01 of the Mortgage, as amended by Supplemental Indenture dated April 1, 1967. 
 (b) The bonds of Series 107 shall mature on January 15, 2038. 
 (c) The bonds of Series 107 shall bear interest at the rate of 6.45% per annum until the principal thereof shall be paid. 
 (d) Interest on the bonds of Series 107 shall be payable semi-annually on the fifteenth day of January and the fifteenth day of July in each year, commencing July 15, 2008. January 1 and July 1 in each
year are hereby established as record dates for the payment of interest payable on the next succeeding interest payment dates, respectively. The interest on each bond of Series 107 so payable on any interest payment date shall, subject to the
exceptions provided in Section 3.01 of the Mortgage, as amended by said Supplemental Indenture dated April 1, 1967, be paid to the person in whose name such bond is registered at the close of business on January 1 or July 1, as
the case may be, next preceding such interest payment date. 
 SECTION 3. Execution of Bonds of Series 107. The
bonds of Series 107 shall be executed on behalf of the Company by its President or one of its Vice Presidents, manually or by facsimile signature, and shall have its corporate seal affixed thereto or a facsimile of such seal imprinted thereon,
attested by its Secretary or one of its Assistant Secretaries, manually or by facsimile signature, all as may be provided by resolution of the Board of Directors of the Company. In case any officer or officers whose signature or signatures, manual
or facsimile, shall appear upon any bond of Series 107 shall cease to be such officer or officers before such bond shall have been actually authenticated and delivered, such bond nevertheless may be issued, authenticated and delivered with the same
force and effect as though the person or persons whose signature or signatures, manual or facsimile, appear thereon had not ceased to be such officer or officers of the Company. 
 SECTION 4. Medium and Places of Payment of Principal of and Interest on Bonds of Series 107; Transferability and
Exchangeability. Both the principal of and interest on the bonds of Series 107 shall be payable in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private
debts, and both such principal and interest shall be payable at the office or agency of the Company in the City of Chicago, State of Illinois, or, at the option of the registered owner, at the office or agency of the Company in the Borough of
Manhattan, The City of New York, State of New York, and such bonds shall be transferable and exchangeable, in the manner provided in Sections 3.09 and 3.10 of the Mortgage, at said office or agency. No charge shall be made by the Company to the
registered owner of any bond of Series 107 for the transfer of such bond or for the exchange thereof for bonds of other authorized denominations, except, in the case of transfer, a charge sufficient to reimburse the Company for any stamp or other
tax or governmental charge required to be paid by the Company or the Trustee. 
  

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 SECTION 5. Denominations and Numbering of Bonds of Series 107. The bonds of
Series 107 shall be issued in the denomination of $1,000 and in such multiples of $1,000 as shall from time to time hereafter be determined and authorized by the Board of Directors of the Company or by any officer or officers of the Company
authorized to make such determination, the authorization of the denomination of any bond of Series 107 to be conclusively evidenced by the execution thereof on behalf of the Company. Bonds of Series 107 shall be numbered R-1 and consecutively
upwards. 
 SECTION 6. Temporary Bonds of Series 107. Until definitive bonds of Series 107 are ready for
delivery, there may be authenticated and issued in lieu of any thereof and subject to all of the provisions, limitations and conditions set forth in Section 3.11 of the Mortgage, temporary registered bonds without coupons of Series 107.

 SECTION 7. Redemption of Bonds of Series 107. (a) The bonds of Series 107 shall be redeemable, at the
option of the Company, as a whole or in part, at any time upon notice sent by the Company through the mail, postage prepaid, at least thirty (30) days and not more than forty-five (45) days prior to the date fixed for redemption, to the
registered holder of each bond to be redeemed in whole or in part, addressed to such holder at his address appearing upon the registration books, at a redemption price equal to the greater of 
 (1) 100% of the principal amount of the bonds of Series 107 to be redeemed, plus accrued interest to the redemption date, or 

(2) as determined by the Quotation Agent (as hereinafter defined), the sum of the present values of the remaining scheduled payments of
principal and interest on the bonds of Series 107 to be redeemed (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Adjusted Treasury Rate (as hereinafter defined) plus thirty-five (35) basis points, plus accrued interest to the redemption date. 
 Unless the Company defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the bonds of Series 107 or portions of the bonds of Series 107 called for redemption. 
 (b) For purposes of the foregoing Section 7(a), the following terms shall have the respective meanings set forth below: 
 “Adjusted Treasury Rate” means, with respect to any redemption date, the rate per year equal to the semi-annual
equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the redemption date. 
  

 -9- 

 “Business Day” means any day that is not a day on which banking
institutions in New York City are authorized or required by law or regulation to close. 
 “Comparable Treasury
Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the remaining term of the bonds of Series 107 to be redeemed that would be used, at the time of selection and in accordance
with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the bonds of Series 107. 
 “Comparable Treasury Price” means, with respect to any redemption date: 
 (i) the average of the Reference Treasury Dealer Quotations for that redemption date, after excluding the highest and lowest of the
Reference Treasury Dealer Quotations; or 
 (ii) if the Trustee obtains fewer than three Reference Treasury Dealer Quotations,
the average of all Reference Treasury Dealer Quotations so received. 
 “Quotation Agent” means the Reference
Treasury Dealer appointed by the Company. 
 “Reference Treasury Dealer” means (1) each of Deutsche Bank
Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Securities LLC, or their affiliates, and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in the United
States of America (“Primary Treasury Dealer”), in which case the Company shall substitute another Primary Treasury Dealer; and (2) any other Primary Treasury Dealer selected by the Company. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the
average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by that Reference Treasury Dealer at 3:30 p.m.,
New York City time, on the third Business Day preceding that redemption date. 
 (c) In case the Company shall desire to exercise such right
to redeem and pay off all or any part of such bonds of Series 107 as hereinbefore provided, it shall comply with all the terms and provisions of Article V of the Mortgage applicable thereto, and such redemption shall be made under and subject to the
terms and provisions of Article V and in the manner and with the effect therein provided, but at the time or times and upon mailing of notice, all as hereinbefore set forth in this Section 7. No publication of notice of any redemption of any
bonds of Series 107 shall be required under Section 5.03(a) of the Mortgage. 
  

 -10- 

 SECTION 8. Book-Entry Only System. It is intended that the bonds of Series
107 be registered so as to participate in the securities depository system (the “DTC System”) with The Depository Trust Company (“DTC”), as set forth herein. The bonds of Series 107 shall be initially issued in the
form of a fully registered bond or bonds in the name of Cede & Co., or any successor thereto, as nominee for DTC. The Company and the Trustees are authorized to execute and deliver such letters to or agreements with DTC as shall be
necessary to effectuate the DTC System, including the Letter of Representations from the Company and the Trustees to DTC relating to the bonds of Series 107 (the “Representation Letter”). In the event of any conflict between the
terms of the Representation Letter and the Mortgage, the terms of the Mortgage shall control. DTC may exercise the rights of a bondholder only in accordance with the terms hereof applicable to the exercise of such rights. 
 With respect to bonds of Series 107 registered in the name of DTC or its nominee, the Company and the Trustees shall have no responsibility or obligation
to any broker-dealer, bank or other financial institution for which DTC holds such bonds from time to time as securities depository (each such broker-dealer, bank or other financial institution being referred to herein as a “Depository
Participant”) or to any person on behalf of whom such a Depository Participant holds an interest in such bonds (each such person being herein referred to as an “Indirect Participant”). Without limiting the immediately
preceding sentence, the Company and the Trustees shall have no responsibility or obligation with respect to: 
 (i) the
accuracy of the records of DTC, its nominee or any Depository Participant with respect to any ownership interest in the bonds of Series 107, 
 (ii) the delivery to any Depository Participant or any Indirect Participant or any other person, other than a registered owner of a bond of Series 107, of any notice with respect to the bonds of Series 107, including
any notice of redemption, 
 (iii) the payment to any Depository Participant or Indirect Participant or any other person,
other than a registered owner of a bond of Series 107, of any amount with respect to principal of, redemption premium, if any, on, or interest on, the bonds of Series 107, or 
 (iv) any consent given by DTC as registered owner. 
 So long as certificates for the bonds of Series 107 are not issued as hereinafter provided, the Company and the Trustees may treat DTC or any successor securities depository as, and deem DTC or any successor securities depository to be, the
absolute owner of such bonds for all purposes whatsoever, including, without limitation, (1) the payment of principal and interest on such bonds, (2) giving notice of matters (including redemption) with respect to such bonds and
(3) registering transfers with respect to such bonds. While a bond of Series 107 is in the DTC System, no person other than DTC or its nominee shall receive a certificate with respect to such bond. 
  

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 In the event that: 
 (a) DTC notifies the Company that it is unwilling or unable to continue as depositary or if DTC ceases to be a clearing agency registered
under applicable law and a successor depositary is not appointed by the Company within 90 days, 
 (b) the Company determines
that the beneficial owners of the bonds of Series 107 should be able to obtain certificated bonds and so notifies the Trustees in writing or 
 (c) there shall have occurred and be continuing a completed default or any event which after notice or lapse of time or both would be a completed default with respect to the bonds of Series 107, 
 the bonds of Series 107 shall no longer be restricted to being registered in the name of DTC or its nominee. In the case of clause (a) of the preceding sentence,
the Company may determine that the bonds of Series 107 shall be registered in the name of and deposited with a successor depository operating a securities depository system, as may be acceptable to the Company and the Trustees, or such
depository’s agent or designee, and if the Company does not appoint a successor securities depository system within 90 days, then the bonds may be registered in whatever name or names registered owners of bonds transferring or exchanging such
bonds shall designate, in accordance with the provisions hereof. 
 Notwithstanding any other provision of the Mortgage to the contrary, so
long as any bond of Series 107 is registered in the name of DTC or its nominee, all payments with respect to principal of and interest on such bond and all notices with respect to such bond shall be made and given, respectively, in the manner
provided in the Representation Letter. 
 SECTION 9. Legends. So long as the bonds of Series 107 are held by DTC,
such bonds of Series 107 shall bear the following legend: 
 Unless this bond is presented by an authorized representative of
the Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any bond issued is registered in the name of Cede & Co. or in such other name as is
requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), any transfer, pledge or other use hereof for value or otherwise by a
person is wrongful inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 
 SECTION 10.
Confirmation of Lien. The Company, for the equal and proportionate benefit and security of the holders of all bonds at any time issued under the Mortgage, hereby confirms the lien of the Mortgage upon, and
hereby grants, bargains, sells, transfers, assigns, pledges, mortgages, warrants and conveys unto the Trustees, all property of the Company and all property hereafter acquired by the Company, other than (in each case) property which, by virtue

  

 -12- 

 
of any of the provisions of the Mortgage, is excluded from such lien, and hereby confirms the title of the Trustees (as set forth in the Mortgage) in and to
all such property. Without in any way limiting or restricting the generality of the foregoing, there is specifically included within the confirmation of lien and title hereinabove expressed the property of the Company legally described on Exhibit
A attached hereto and made a part hereof. 
 SECTION 11. Miscellaneous. The terms and conditions of this
Supplemental Indenture shall be deemed to be a part of the terms and conditions of the Mortgage for any and all purposes. The Mortgage, as supplemented by said indentures supplemental thereto dated subsequent to August 1, 1944 and referred to
in the recitals of this Supplemental Indenture, and as further supplemented by this Supplemental Indenture, is in all respects hereby ratified and confirmed. 
 This Supplemental Indenture shall bind and, subject to the provisions of Article XIV of the Mortgage, inure to the benefit of the respective successors and assigns of the parties hereto. 
 Although this Supplemental Indenture is dated as of December 20, 2007, it shall be effective only from and after the actual time of its execution
and delivery by the Company and the Trustees on the date indicated by their respective acknowledgments hereto annexed. 
 Notwithstanding
anything to the contrary contained in the Mortgage, the maximum amount of indebtedness secured by the Mortgage shall not exceed 200% of the aggregate stated principal amount of the bonds of each series presently outstanding under, and secured by,
the Mortgage, as set forth in the Recitals to this Supplemental Indenture, except to the extent such maximum amount may be adjusted by a subsequent recorded supplemental indenture (which adjustment, and the corresponding supplemental indenture,
shall not require the consent or approval of the holders of any bonds then outstanding under the Mortgage, including the holders of the bonds of Series 107). 
 This Supplemental Indenture may be simultaneously executed in any number of counterparts, and all such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument.

  

 -13- 

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

			
	COMMONWEALTH EDISON COMPANY
		
	By:	 	/s/ Robert K. McDonald
		 	Robert K. McDonald
		 	Senior Vice President,
		 	Chief Financial Officer and Treasurer

  

	
	ATTEST:
	
	/s/ Donna Massey
	Donna Massey
	Secretary

  

			
	BNY MIDWEST TRUST COMPANY
		
	By:	 	/s/ J. Bartolini
		 	J. Bartolini
		 	Vice President

  

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

  

	
	
	/s/ D.G. Donovan
	D.G. Donovan

  

 -14- 

			
	STATE OF ILLINOIS	 	)
		 	)
	COUNTY OF COOK	 	)

 I, MARY E. NOLAN, a Notary Public in and for said County, in the State aforesaid, DO HEREBY
CERTIFY that Robert K. McDonald, Senior Vice President, Chief Financial Officer and Treasurer of Commonwealth Edison Company, an Illinois corporation, one of the parties described in and which executed the foregoing instrument, and Donna Massey,
Secretary of said corporation, who are both personally known to me to be the same persons whose names are subscribed to the foregoing instrument as such Senior Vice President, Chief Financial Officer and Treasurer and Secretary, respectively, and
who are both personally known to me to be Senior Vice President, Chief Financial Officer and Treasurer and Secretary, respectively, of said corporation, appeared before me this day in person and severally acknowledged that they signed, executed and
delivered said instrument as their free and voluntary act as such Senior Vice President, Chief Financial Officer and Treasurer and Secretary, respectively, of said corporation, and as the free and voluntary act of said corporation, for the uses and
purposes therein set forth. 
 GIVEN under my hand and notarial seal this 20th day of December, A.D. 2007. 
  

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

 (NOTARIAL SEAL) 
 My Commission expires April 23, 2009. 
  

 -15- 

			
	 STATE OF ILLINOIS
	 	)
		 	)
	COUNTY OF COOK	 	)

 I, A. HERNANDEZ, a Notary Public in and for said County, in the State aforesaid, DO HEREBY CERTIFY
that J. BARTOLINI, Vice President of BNY Midwest Trust Company, an Illinois trust company, one of the parties described in and which executed the foregoing instrument, and M. CALLAHAN, Vice President of said trust company, who are both personally
known to me to be the same persons whose names are subscribed to the foregoing instrument as such Vice Presidents, and who are both personally known to me to be Vice Presidents of said trust company, appeared before me this day in person and
severally acknowledged that they signed, executed and delivered said instrument as their free and voluntary act as such Vice Presidents of said trust company, and as the free and voluntary act of said trust company, for the uses and purposes therein
set forth. 
 GIVEN under my hand and notarial seal this 20th day of December, A.D. 2007. 
  

	
	
	/s/ A. Hernandez
	A. Hernandez
	Notary Public

 {SEAL} 
 My
Commission expires July 8, 2010. 
  

 -16- 

			
	STATE OF ILLINOIS	 	)
		 	)
	COUNTY OF COOK	 	)

 I, A. HERNANDEZ, a Notary Public in and for said County, in the State aforesaid, DO HEREBY CERTIFY
that D.G. DONOVAN, one of the parties described in and which executed the foregoing instrument, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and
acknowledged that he signed, executed and delivered said instrument as his free and voluntary act for the uses and purposes therein set forth. 
 GIVEN under my hand and notarial seal this 20th
 day of December, A.D. 2007. 
  

	
	
	/s/ A. Hernandez
	A. Hernandez
	Notary Public

 {SEAL} 
 My
Commission expires July 8, 2010. 
  

 -17- 

 EXHIBIT A 
 LEGAL DESCRIPTIONS 
 [omitted]<PAGE>

                                CONTRACT SCHEDULE

OWNER: [John Doe]             SEX: [M] AGE AT ISSUE: [35]

JOINT OWNER: [Jane Doe]       SEX: [F] AGE AT ISSUE: [35]

ANNUITANT: [John Doe ]        SEX: [M] AGE AT ISSUE: [35]

CONTRACT NUMBER: [12345678]   ISSUE DATE: [February 15, 2005]

PLAN TYPE: [Qualified, IRA, Non-Qualified,   MATURITY DATE: [February 15, 2060]
SIMPLE IRA, SEP, ROTH IRA]

PRODUCT CLASS:       [Series XTRA, Vintage EXTRA, VAPlus, Pioneer]

PURCHASE PAYMENT:                [$100,000.00]

PURCHASE PAYMENTS:               [We reserve the right to reject any Purchase
                                 Payment.]

   MINIMUM SUBSEQUENT PURCHASE
   PAYMENT:                      [$500.00] [for both Non-Qualified and
                                 Qualified, unless you have elected an automatic
                                 sweep program.] [However, for IRAs, SEPs,
                                 SIMPLE IRAs and Roth IRAs, in order to avoid
                                 cancellation of the Contract, we will accept a
                                 Purchase Payment of at least $50 once in every
                                 24 month period. We will also accept subsequent
                                 Purchase Payments as required under applicable
                                 law and federal tax law.]

   MAXIMUM TOTAL
   PURCHASE PAYMENTS:            [$1,000,000.00], without our prior approval.

   PURCHASE PAYMENT CREDITS:     [[_%] of each Purchase Payment received prior
                                 to the [first Contract Anniversary]].

MINIMUM ACCOUNT VALUE:           [$2,000.00]

BENEFICIARY:                     [As designated by you as of the Issue Date
                                 unless changed in accordance with the Contract
                                 provisions.]

PRODUCT CHARGES:
   [SEPARATE ACCOUNT:            We assess certain daily charges equal on an
                                 annual basis to the percentages set out below
                                 of the average daily net asset value of each
                                 Subaccount of the Separate Account:

                                 Mortality and Expense Charge: [____% for the
                                 first 9 Contract Years declining to ____%
                                 starting in Contract Year 10]

                                 Administration Charge: [0.25%]

                                 [Death Benefit Rider Charge: [_____%]]

                                 [Additional Death Benefit Rider Charge:
                                 [____%]]

ACCOUNT FEE:                     The Account Fee is [$30.00] each Contract Year.
                                 During the Accumulation Period, on the Contract
                                 Anniversary the full Account Fee is deducted
                                 from each applicable Subaccount in the ratio
                                 that the Account Value in the Subaccount bears
                                 to the total Account Value in the Separate
                                 Account. On the Annuity Calculation Date, a
                                 pro-rata portion of the Account Fee will be
                                 deducted from the Account Value as described
                                 above. However, if your Account Value on the
                                 last day of the Contract Year or on the Annuity
                                 Calculation Date is at least [$50,000], then no
                                 Account Fee is deducted. If during the
                                 Accumulation Period, a total withdrawal is
                                 made, the full Account Fee will be deducted at
                                 the time of the total withdrawal. During the
                                 Annuity Period the Account Fee will be deducted
                                 regardless of the size of your Contract and it
                                 will be deducted pro-rata from each Annuity
                                 Payment.

SEPARATE ACCOUNT:                     [MetLife Investors USA Variable Annuity
                                      Account One]

8028-6 (2/08)-XXC

<PAGE>

ALLOCATION REQUIREMENTS:

1.   [Currently, you can select from any of the Subaccounts or the Fixed Account
     (if a Fixed Annuity Rider has been issued). However, we reserve the right
     to limit this in the future.
2.   Allocations must be in whole numbers. Each allocation must be at least
     [$500]. Allocations made pursuant to Pre-scheduled Transfer programs are
     not subject to this limitation. The current approved Pre-scheduled Transfer
     programs are Rebalancing program, Asset Allocation program and Dollar Cost
     Averaging program.
3.   We reserve the right to restrict allocations to the Fixed Account if any of
     the following conditions exist: (a) the credited interest rate for the
     amount to be allocated is equal to the Minimum Guaranteed Interest Rate for
     the Fixed Account; (b) the Account Value in the Fixed Account equals or
     exceeds [$500,000]; or (c) a transfer was made out of the Fixed Account
     within the previous 180 days.]

TRANSFER REQUIREMENTS:

[NUMBER PERMITTED: The maximum number of transfers per Contract Year shall be
[12] (excluding transfers resulting from our Pre-scheduled Transfer programs).
We reserve the right to waive from time to time this transfer limitation.
Subject to the Allocation Rules and the issuance of a Fixed Annuity Rider,
during the Accumulation Period you may make transfers into the Fixed Account
from the Subaccounts, subject to the maximum number of transfers per Contract
Year as stated above. There are further limitations on transfers from the Fixed
Account to the Separate Account as set forth below. During the Annuity Period,
you cannot make transfers from the General Account to the Subaccounts.

TRANSFER FEE: In the event that [12] transfers are made in a Contract Year,
(excluding those related to our Pre-scheduled Transfer programs) we will deduct
a Transfer Fee of [$25] for each additional transfer in such Contract Year. The
Transfer Fee will be deducted from the Subaccount or Fixed Account from which
the transfer is made. However, if the entire interest in an account is being
transferred, the Transfer Fee will be deducted from the amount which is
transferred. We reserve the right to waive from time to time, the Transfer Fee.

MINIMUM AND MAXIMUM AMOUNT TO BE TRANSFERRED: The minimum amount that may be
transferred from a Subaccount is [$500], or your entire interest in the
Subaccount, if less (excluding transfers resulting from our Pre-scheduled
Transfer programs. The minimum amount that may be transferred from the Fixed
Account during the Accumulation Period is [$500], or your entire interest in the
Fixed Account. Transfers out of the Fixed Account during the Accumulation Period
shall be limited to the greater of (a) 25% of the Fixed Account Value at the
beginning of the Contract Year, or (b) the amount transferred out of the Fixed
Account in the prior Contract Year.]

WITHDRAWALS:

WITHDRAWAL CHARGE: [A Withdrawal Charge is assessed against Purchase Payments
withdrawn. The Withdrawal Charge is calculated at the time of each withdrawal.
Each Purchase Payment is tracked from the date of its receipt. Amounts will be
withdrawn from your Contract in the following order:

1.   Earnings in the Contract (Earnings are equal to your Account Value less
     Purchase Payments not withdrawn); and then
2.   The Free Withdrawal Amount described below, if any; then
3.   Purchase Payments not previously withdrawn, in the order such Purchase
     Payments were made: the oldest Purchase Payment first, the next Purchase
     Payment second, etc. until all Purchase Payments have been withdrawn
     (First-in-First-out (FIFO) basis).

     Withdrawal Charges are determined in accordance with the following
schedule:

                               WITHDRAWAL CHARGES

NUMBER OF COMPLETE YEARS
FROM RECEIPT OF PURCHASE PAYMENT   % CHARGE
--------------------------------   --------
              [0                      8
               1                      8
               2                      7
               3                      6
               4                      5
               5                      4
               6                      3
               7                      2
               8                      1
      9 and thereafter                0]]

[FREE WITHDRAWAL AMOUNT: Each Contract Year after the first, you can make a
withdrawal of a portion of your Account Value free from any Withdrawal Charge.
The Free Withdrawal Amount each Contract Year is equal to [10%] of total
Purchase Payments, less the total Free Withdrawal Amount previously withdrawn in
the same Contract Year. This right is non-cumulative.]

MINIMUM PARTIAL WITHDRAWAL: [$500], or your entire interest in the Fixed Account
or Subaccount]

8028-6 (2/08)-XXC

<PAGE>

MINIMUM WITHDRAWAL VALUE WHICH MUST REMAIN IN THE CONTRACT AFTER A PARTIAL
WITHDRAWAL: [$2,000]

ANNUITY REQUIREMENTS:

1.   [The Annuity Date cannot be earlier than 12 months following the Issue
     Date. Unless otherwise designated by you, the Annuity Date will be no later
     than the Maturity Date. The Maturity Date is the later of the first day of
     the calendar month following the Annuitant's 90th birthday or ten (10)
     years from the Issue Date.

2.   For Variable Annuity Payments, the Variable Annuity Tables are based on the
     Annuity 2000 Mortality Table with 7-year age setback and an Assumed
     Investment Return (AIR) of 3.00%.

3.   For Fixed Annuity Payments, the Fixed Annuity Tables are based on the
     Annuity 2000 Mortality Table with 7-year age setback with interest at [3%]]

[FIXED ACCOUNT:

INITIAL GUARANTEE PERIOD: [Through the end of the current calendar year]

RENEWAL GUARANTEE PERIOD: [A calendar year]

INITIAL CURRENT INTEREST RATE: [4.60%][Allocations to the Fixed Account not
currently available]

MINIMUM GUARANTEED INTEREST RATE: [3.00%] annually]

[INITIAL EDCA PERIOD: 24 months EDCA rate applicable to deposits made at the
beginning of the Initial EDCA period: [4.00%]
INITIAL EDCA PERIOD: 12 months EDCA rate applicable to deposits made at the
beginning of the Initial EDCA period: [4.00%]
INITIAL EDCA PERIOD: 6 months EDCA rate applicable to deposits made at the
beginning of the Initial EDCA period: [8.00%]
INITIAL EDCA PERIOD: 3 months EDCA rate applicable to deposits made at the
beginning of the Initial EDCA period: [9.00%]]

ANNUITY SERVICE OFFICE:
MetLife Investors USA Insurance Company
[P.O. Box 10366
Des Moines, Iowa 50306-0366
(800) 343-8496]

ENDORSEMENTS AND RIDERS ATTACHED TO THIS CONTRACT:
[Fixed Account Rider for Variable Annuity
Enhanced Dollar Cost Averaging Rider
Three Month Market Entry Rider
Death Benefit Rider (Principal Protection)
Death Benefit Rider (Annual Step-up)
Death Benefit Rider (Compounded Plus)
Guaranteed Minimum Income Benefit Rider - Living Benefit
Guaranteed Withdrawal Benefit Rider
Lifetime Guaranteed Withdrawal Benefit Rider
Guaranteed Minimum Accumulation Benefit Rider
Additional Death Benefit Rider - Earnings Preservation Benefit
Purchase Payment Credit Rider
Waiver of Withdrawal Charge for Nursing Home or Hospital Confinement Rider - TO
BE ATTACHED AT ISSUE IF LESS THAN AGE 80
Waiver of Withdrawal Charge for Terminal Illness Rider - TO BE ATTACHED AT ISSUE
IF LESS THAN AGE 80
Individual Retirement Annuity Endorsement
Roth Individual Retirement Annuity Endorsement
SIMPLE Individual Retirement Annuity Endorsement
401 Plan Endorsement
Tax Sheltered Annuity Endorsement
Unisex Annuity Rates Endorsement
Designated Beneficiary Non-Qualified Annuity Endorsement
Non-Qualified Annuity Endorsement]

8028-6 (2/08)-XXC

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