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Section 1. The Company hereby exercises the right to obtain the authentication of <br />$50,000,000 principal amount of Bonds pursuant to the terms of Section 4.04 of the Indenture. <br />$30,000,000 of such Bonds shall be First Mortgage Bonds of the 4.15% Series and $20,000,000 <br />of such Bonds shall be First Mortgage Bonds of the 4.30% Series (collectively, the "First <br />Mortgage Bonds "). <br />Section 2. Such First Mortgage Bonds may be authenticated and delivered prior to <br />the filing for recordation of this Supplemental Indenture. <br />ARTICLE IV. <br />REDEMPTION <br />Section 1. Whenever the Company shall propose to redeem less than all of the <br />Outstanding First Mortgage Bonds of the 4.15% Series or First Mortgage Bonds of the 4.30% <br />Series, as applicable, on any Redemption Date, the Bond Registrar, instead of selecting by lot, <br />shall select the serial numbers of the First Mortgage Bonds of the 4.15% Series or First Mortgage <br />Bonds of the 4.30% Series, as applicable, to be redeemed (in whole or in part) by prorating, as <br />nearly as may be, the aggregate principal amount of the First Mortgage Bonds of the 4.15% <br />Series or First Mortgage Bonds of the 4.30% Series, as applicable, to be redeemed among the <br />Holders of the First Mortgage Bonds of the 4.15% Series or First Mortgage Bonds of the 4.30% <br />Series, as applicable, according to the principal amount thereof registered in their respective <br />names. In any such pro ration, the Bond Registrar shall make such adjustments, reallocations and <br />eliminations as it shall deem proper to the end that the principal amount of the First Mortgage <br />Bonds of the 4.15% Series or First Mortgage Bonds of the 4.30% Series, as applicable, so <br />prorated to any Holder of the First Mortgage Bonds of the 4.15% Series or First Mortgage Bonds <br />of the 4.30% Series, as applicable, shall be $1,000 or an integral multiple of $1 in excess thereof, <br />by increasing or decreasing or eliminating the amount which would be allocable to any such <br />Holder on the basis of exact proportion by an amount not exceeding $1. The Bond Registrar in <br />its discretion may determine the particular First Mortgage Bonds of the 4.15% Series or First <br />Mortgage Bonds of the 4.30% Series, as applicable, (if there are more than one) registered in the <br />name of any Holder which are to be redeemed, in whole or in part. In any determination by pro <br />ration pursuant to this Section, First Mortgage Bonds of the 4.15% Series or First Mortgage <br />Bonds of the 4.30% Series, as applicable, registered in the name of the Company shall not be <br />considered Outstanding and shall be excluded in making the determination of the First Mortgage <br />Bonds of the 4.15% Series or First Mortgage Bonds of the 4.30% Series, as applicable, to be <br />redeemed. <br />Notice of redemption of any First Mortgage Bonds of the 4.15% Series or First Mortgage <br />Bonds of the 4.30% Series, as applicable, shall be given as provided in Section 5.04 of the <br />Original Indenture. If given by mail, the mailing of such notice shall be a condition precedent to <br />redemption, provided that any notice which is mailed in the manner provided in Section 5.04 of <br />the Original Indenture shall be conclusively presumed to have been duly given whether or not <br />8849521v8 <br />201407773 <br />11 <br />ARTICLE III. <br />ISSUE OF FIRST MORTGAGE BONDS OF THE 4.15% SERIES AND FIRST <br />MORTGAGE BONDS OF THE 4.30% SERIES <br />