EX-4.2 3 f52187exv4w2.htm EX-4.2 exv4w2
Exhibit 4.2
EXECUTION COPY
 
9.86% First Mortgage Bonds due 2020, Series CC
Supplemental Mortgage of Chattels
and
Trust Indenture
(Fortieth Supplemental Indenture)
 
CALIFORNIA WATER SERVICE COMPANY
to
U.S. BANK NATIONAL ASSOCIATION
as
Trustee
 
Dated as of April 17, 2009
(which amends and restates the
Thirty-Fourth Supplemental Indenture to the Indenture of Mortgage
dated as of April 1, 1928)
 

 


 

TABLE OF CONTENTS
         
    Page
ARTICLE I DEFINITIONS
    4  
SECTION 1.01 DEFINITIONS
    4  
 
       
ARTICLE II CERTAIN TERMS AND ISSUANCE OF THE BONDS
    4  
SECTION 2.01. Designation of Bonds
    4  
SECTION 2.02. Aggregate Principal Amount
    5  
SECTION 2.03. Form; Payment of Interest and Principal on Bonds
    5  
SECTION 2.04. Taxes
    5  
SECTION 2.05. Parent Guarantee
    5  
 
       
ARTICLE III OPTIONAL REDEMPTION
    6  
 
       
ARTICLE IV SINKING FUND
    7  
SECTION 4.01. Amount and Time of Payment
    7  
SECTION 4.02. Application of Sinking Funds Cash to Redemption of Series CC Bonds
    7  
SECTION 4.03. Limitations on Use of Sinking Fund Cash in Case of Event of Default
    8  
 
       
ARTICLE V ADDITIONAL PROVISIONS APPLICABLE TO SERIES CC BONDS
    8  
SECTION 5.01. Limitations on Issuance of Bonds Against Expenditures for Maintenance and Replacements
    8  
SECTION 5.02. Maintenance, Repairs, Replacements and Depreciation Reserve
    8  
SECTION 5.03. Consent to Waiver of Event of Default under Other Series of Bonds
    8  
SECTION 5.04. Most Favored Nation Provision
    8  
SECTION 5.05. Delivery of Financial Statements to Holders of Series CC Bonds
    9  
SECTION 5.06. Affiliate Transactions
    10  

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    Page
SECTION 5.07. Request for Rating
    10  
 
       
ARTICLE VI MISCELLANEOUS
    10  
SECTION 6.01. Notice
    10  
SECTION 6.02. Amendment and Supplement
    10  
SECTION 6.03. Conflicts
    10  
SECTION 6.04. Governing Law
    10  
SECTION 6.05. Counterparts
    11  
SECTION 6.06. Ratification
    11  
SECTION 6.07. Severability
    11  
SECTION 6.08. Effect of Restatement of Thirty-Fourth Supplemental Indenture
    11  
SECTION 6.09. Trustee and Supplemental Indenture
    11  
Exhibits
EXHIBIT A — FORM OF AMENDED AND RESTATED SERIES CC BONDS
EXHIBIT B — FORM OF PARENT GUARANTEE
EXHIBIT C — RECORDATION OF RESIGNATIONS
EXHIBIT D — RECORDATION OF FIRST THROUGH THIRTY-NINTH SUPPLEMENTAL INDENTURES

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     FORTIETH SUPPLEMENTAL MORTGAGE OF CHATTELS and TRUST INDENTURE (this “Supplemental Indenture”) dated as of April 17, 2009, between CALIFORNIA WATER SERVICE COMPANY, a California corporation (the “Company”), and U.S. Bank National Association, as trustee (the “Trustee”), having its Corporate Trust Office at One California Street, Suite 2100, San Francisco, CA 94111.
RECITALS
     WHEREAS, the Company heretofore made, executed and delivered the Indenture from California Water Service Company to American Trust Company and Los Angeles-First National Trust & Savings Bank, as Trustees, dated as of the 1st day of April, 1928, (the “Original Base Indenture”), and the Original Base Indenture has been recorded in the Office of the Recorders of the following counties and city and county of the State of California on the respective dates and in the respective books of record hereafter set forth:
             
County of   Date of   Volume of Official Records   Page at Which
City and County   Recordation   (except as noted)   Record Commences
Contra Costa
  May 2, 1928   141   7
City and County of San Francisco
  May 3, 1928   1637   346
Glenn
  May 2, 1928   62 (Book of Mortgages)   190
Kings
  January 7, 1929   40   348
San Joaquin
  May 2, 1928   243   295
Solano
  May 2, 1928   14   7
Tulare
  May 3, 1928   260   11
Alameda
  May 2, 1928   1877   35
Sonoma
  May 2, 1928   196   136
Los Angeles
  May 4, 1928   7105   102
Butte
  May 2, 1928   116 (Book of Mortgages)   106
Kern
  May 3, 1928   249   1
Shasta
  May 2, 1928   38   80
Fresno
  May 2, 1928   894   32
San Mateo
  January 20,1939   837   16
Yuba
  September 12, 1942   69   291
Santa Clara
  November 2, 1945   1305   286
Monterey
  February 21, 1962   Serial No. 6604    
Ventura
  November 15, 1983   Doc. No. 130176; and    
     WHEREAS, Los Angeles-First National Trust & Savings Bank changed its name to Security-First National Bank of Los Angeles and later to Security First National Bank and later to Security-Pacific National Bank; and
     WHEREAS, American Trust Company changed its name to Wells Fargo Bank and Wells Fargo Bank subsequently merged into Wells Fargo Bank, National Association; and
     WHEREAS, by instrument entitled “Resignations of Wells Fargo Bank, National Association as Authenticating Trustee and Security Pacific National Bank as Trustee and Appointment and Acceptance of Bank of America National Trust and Savings Association as Authenticating Trustee under Mortgage of Chattels and Trust Indenture dated as of April 1, 1928 as Supplemented, Amended and Modified from California Water Service Company” dated as of August 1, 1983, recorded in the offices of the Recorders of those counties and city and county

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of the State of California on the respective dates and in the respective books of record and/or as the respective document numbers set forth in EXHIBIT C, which is annexed hereto and hereby made a part hereof, (a) Wells Fargo Bank, National Association, resigned as authenticating trustee under the Original Base Indenture, as theretofore supplemented, amended and modified by the First through Thirty-First Supplemental Indentures, effective August 1, 1983, (b) the Company appointed Bank of America National Trust and Savings Association as successor authenticating trustee to Wells Fargo Bank, National Association, effective August 1, 1983, (c) Bank of America National Trust and Savings Association accepted such appointment as authenticating trustee under the Original Base Indenture, as theretofore supplemented, amended and modified by the First through Thirty-First Supplemental Indentures, effective August 1, 1983, (d) Security Pacific National Bank resigned as trustee under the Original Base Indenture, as theretofore supplemented, amended and modified by the First through Thirty-First Supplemental Indentures, effective August 1, 1983, (e) the Company appointed no successor trustee to said Security Pacific National Bank, (f) Bank of America National Trust and Savings Association as of August 1, 1983 became fully vested with all the estates, properties, rights powers trusts, duties and obligations of Wells Fargo Bank, National Association and Security Pacific National Bank, as trustees under the Original Base Indenture, as theretofore supplemented, amended and modified by the First through Thirty-First Supplemental Indentures, with like effect as if originally named as trustee therein, (g) Bank of America National Trust and Savings Association resigned as trustee under the Original Base Indenture, as theretofore supplemented, amended and modified by First through Thirty-First Supplemental Indentures, effective December 15, 1995, (h) the Company appointed, with the concurrence of a majority of the Holders, First Trust, a subsidiary of First Trust Bank System of Minneapolis, as successor trustee to Bank of America National Trust and Savings Association, effective December 15, 1995, (i) First Trust, a subsidiary of First Trust Bank System of Minneapolis, accepted such appointment as trustee under the Original Base Indenture, as supplemented, amended and modified by the First through Thirty-eighth Supplemental Indentures, (j) First Trust Bank System of Minneapolis merged with U. S. Bank Trust National Association, effective August 1, 1997; as a result of said merger, the corporate name became U. S. Bank Trust National Association, effective March 30, 1998, (k) effective January 10, 2002, U. S. Bank Trust National Association merged into U. S. Bank National Association and (l) U. S. Bank National Association became the trustee under the Original Base Indenture, as therefore supplemented, amended and modified by the First through Thirty-eighth Supplemental Indentures referred to below, said Original Base Indenture as so supplemented, amended and modified being hereinafter called the “Original Indenture;” and
     WHEREAS, the Company has heretofore made, executed and delivered thirty-eight certain supplemental indentures supplemental to said Original Base Indenture, one such supplemental indenture from California Water Service Company to American Trust Company and Los Angeles-First National Trust & Savings Bank, as trustees, dated January 3, 1929, hereinafter sometimes called the “First Supplemental Indenture;” twelve such supplemental indentures from said California Water Service Company to American Trust Company and Security-First National Bank of Los Angeles, as trustees, dated and hereinafter sometimes called, respectively, as follows:
     
Date   Name
August 19, 1929
  Second Supplemental Indenture
February 25, 1930
  Third Supplemental Indenture
February 1, 1931
  Fourth Supplemental Indenture
March 23, 1932
  Fifth Supplemental Indenture
May 1, 1936
  Sixth Supplemental Indenture
April 1, 1939
  Seventh Supplemental Indenture
November 1, 1945
  Eighth Supplemental Indenture
May 1, 1951
  Ninth Supplemental Indenture
May 1, 1953
  Tenth Supplemental Indenture
May 1, 1954
  Eleventh Supplemental Indenture
May 1, 1955
  Twelfth Supplemental Indenture
November 1, 1956
  Thirteenth Supplemental Indenture
four supplemental indentures from California Water Service Company to Wells Fargo Bank and Security First National Bank, as trustees, dated and hereinafter sometimes called, respectively, as follows:

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Date   Name
November 1, 1963
  Fourteenth Supplemental Indenture
November 1, 1965
  Fifteenth Supplemental Indenture
November 1, 1966
  Sixteenth Supplemental Indenture
November 1, 1967
  Seventeenth Supplemental Indenture
fourteen supplemental indentures from California Water Service Company to Wells Fargo Bank, National Association and Security Pacific National Bank, as trustees, dated and hereinafter sometimes called, respectively, as follows:
     
Date   Name
November 1, 1969
  Eighteenth Supplemental Indenture
May 1, 1970
  Nineteenth Supplemental Indenture
November 1, 1970
  Twentieth Supplemental Indenture
October 1, 1972
  Twenty-first Supplemental Indenture
November 1,1972
  Twenty-second Supplemental Indenture
November 15, 1972
  Twenty-third Supplemental Indenture
November 1, 1973
  Twenty-fourth Supplemental Indenture
May 1, 1975
  Twenty-fifth Supplemental Indenture
May 1, 1976
  Twenty-sixth Supplemental Indenture
November 1, 1977
  Twenty-seventh Supplemental Indenture
May 1, 1978
  Twenty-eighth Supplemental Indenture
November 1, 1979
  Twenty-ninth Supplemental Indenture
November 1, 1980
  Thirtieth Supplemental Indenture
May 1, 1982
  Thirty-first Supplemental Indenture
and seven supplemental indentures from California Water Service Company to Bank of America National Trust and Savings Association, as trustee, dated and hereinafter sometimes called respectively as follows:
     
Date   Name
September 1, 1983
  Thirty-second Supplemental Indenture
May 1, 1988
  Thirty-third Supplemental Indenture
November 1, 1990
  Thirty-fourth Supplemental Indenture
November 3, 1992
  Thirty-fifth Supplemental Indenture
May 1, 1993
  Thirty-sixth Supplemental Indenture
September 1, 1993
  Thirty-seventh Supplemental Indenture
November 2, 1993
  Thirty-eighth Supplemental Indenture; and
     WHEREAS, the First through Thirty-eighth Supplemental Indentures (and in the case of Marin County, a Memorandum of Indenture referencing the Original Base Indenture and the First through Thirty-eighth Supplemental Indentures) have been recorded in the offices of the Recorders of those counties and city and county of the State of California on the respective dates and in the respective books of record and/or as the respective document numbers set forth in EXHIBIT D, and the Thirty-ninth Supplemental Indenture will be recorded in the offices of the Recorders of those counties and city and county of the State of California as set forth in EXHIBIT D, which is annexed hereto and hereby made a part hereof; and
     WHEREAS, this Supplemental Indenture is being filed concurrently with, among other Supplemental Indentures, the Thirty-ninth, Forty-second, Forty-fourth, Forty-ninth, Fiftieth and Fifty-Fourth Supplemental Indentures; and

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     WHEREAS, the Original Indenture as amended, supplemented and modified by the Thirty-ninth Supplemental Indenture, and as subsequently amended, supplemented and modified, is hereafter called the “Base Indenture”; and
     WHEREAS, the Company has heretofore issued under the Original Base Indenture, as supplemented by the Thirty-Fourth Supplemental Indenture dated as of November 1, 1990, between the Company and Bank of America National Trust and Savings Association (the “Thirty-Fourth Supplemental Indenture”), the 9.86% First Mortgage Bonds, Series CC, due November 1, 2020 (the “Original Series CC Bonds”); and
     WHEREAS, the Company and the Trustee, at the direction of the Holders of the Original Series CC Bonds, have agreed to amend and restate the Thirty-Fourth Supplemental Indenture in the form of this Supplemental Indenture.
     NOW, THEREFORE, the parties hereto agree as follows:
ARTICLE I
DEFINITIONS
     SECTION 1.01 DEFINITIONS
     Each term used herein has the meaning assigned to such term in the Base Indenture unless otherwise specifically defined herein, in which case the definition set forth herein shall govern the Bonds issued under this Supplemental Indenture. The following terms, as used herein, have the following meanings:
     “Closing Date” means April 17, 2009.
     “Corporate Trust Office” means the office of the Trustee specified in the initial paragraph of this Supplemental Indenture or any other office specified by the Trustee from time to time pursuant to the provisions of the Base Indenture.
     “Nationally Recognized Rating Agency” means and includes Moody’s Investors Service, Inc., (“Moody’s”) Standard & Poor’s Ratings Group, a division of The McGraw-Hill Companies, Inc., (“S&P”), DBRS Limited (“DBRS”) or Fitch/BCA Duff & Phelps Ltd (“Fitch”) and any of their successors or any similar rating agency.
     “Series CC Bonds” means the $17,800,000 aggregate principal amount of 9.86% First Mortgage Bonds due 2020, Series CC, initially authenticated and delivered under the Thirty-Fourth Supplemental Indenture and outstanding as of the date hereof.
     “Trustee” means the Person named as the “Trustee” in the first paragraph of this Supplemental Indenture until a successor Trustee shall have become such pursuant to the applicable provisions of the Base Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder.
ARTICLE II
CERTAIN TERMS AND ISSUANCE OF THE BONDS
     SECTION 2.01. Designation of Bonds.
     The changes, modifications and supplements to the Base Indenture effected by this Supplemental Indenture shall be applicable only with respect to, and govern the terms of, the Series CC Bonds and shall not apply to any other Bonds that have been or may be issued under the Base Indenture unless a supplemental indenture with respect to such other Bonds specifically incorporates such changes, modifications and supplements. Pursuant to this Supplemental Indenture, there is hereby designated a series of Bonds under the Base Indenture entitled “9.86% First Mortgage Bonds due 2020, Series CC.”

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     SECTION 2.02. Aggregate Principal Amount.
     The aggregate principal amount of the Series CC Bonds which may be outstanding under the terms of this Supplemental Indenture after the date hereof is $17,800,000, except for Series CC Bonds authenticated and delivered in accordance with Sections 2.15, 2.16, 2.18, 4.07 and 12.06 of the Base Indenture.
     SECTION 2.03. Form; Payment of Interest and Principal on Bonds.
     (a) General. Without limiting the foregoing provisions of this Article II, the Series CC Bonds shall be issued as Definitive Bonds substantially in the form set forth in EXHIBIT A hereto. The Series CC Bonds will be issued in denominations of $1,000 and integral multiples thereof. To the extent that any provision of the Definitive Bonds representing the Series CC Bonds conflicts with the express provisions of this Supplemental Indenture or the Base Indenture, this Supplemental Indenture or the Base Indenture shall govern and be controlling.
     (b) Payment of Interest and Principal on Bonds. The Series CC Bonds will mature on November 1, 2020 and will bear interest at the rate of 9.86% per annum. Interest on the Series CC Bonds will be payable semi-annually in arrears on May 1 and November 1 of each year to the Holders thereof at the close of business on the immediately preceding April 15 and October 15 of each year. Interest on the Series CC Bonds will accrue from the most recent date to which interest has been paid. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months.
     (c) Default Interest. During the occurrence and continuation of an Event of Default, all amounts owing under the Series CC Bonds shall, to the extent permitted by applicable law, bear additional interest at a per annum rate equal to 2%.
     (d) Method and Place of Payment. The Company shall cause payments of all amounts payable to the Holder in respect of the principal of, or premium, if any, or interest on, any of the Bonds to be made by bank wire transfer of immediately available funds. Except in the event of the payment or redemption of the Bonds as a whole, the Company shall cause such payments to be made to the Holders without the surrendering or presentation to the Trustee of any Series CC Bond. The Holders agrees to make notations on such Series CC Bond of payment of the portion thereof so paid and that, before selling, transferring or otherwise disposing of any of the Series CC Bonds, the Holder shall surrender the same to the Trustee in exchange for a Series CC Bond in authorized denominations, aggregating the same principal amount as the unpaid principal amount of the Series CC Bonds surrendered.
     The Company shall cause each payment with respect to the Series CC Bonds, notice in respect of each such payment, and all other communications to the Holder to be made pursuant to the written instructions separately provided to the Company by the Holder.
     SECTION 2.04. Taxes.
     Unless required by the laws of the United States of America or the State of California, the Series CC Bonds shall not require the deduction or withholding by the Company of any taxes or any reimbursement of taxes to the Holders of the Series CC Bonds.
     SECTION 2.05. Parent Guarantee.
     The obligations of the Company under the Series CC Bonds shall be guaranteed by Parent, the form of which guarantee is set forth in EXHIBIT B hereto.
     SECTION 2.06. Transfer Expenses.
     Notwithstanding anything to the contrary in the Base Indenture, (i) the Company shall bear all expenses in connection with the preparation, issue, delivery and transfers of the Series CC Bonds, (ii) if the Holder is an insurance company, its own agreement of indemnity shall be deemed to be satisfactory indemnity and security when required or requested by the Company and (iii) in the case of lost, stolen, destroyed or mutilated Series CC Bonds,

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the Company at its expense (including payment by it of any governmental charges and other expenses, including those of the Trustee) shall execute and deliver new Series CC Bonds of like tenor and principal amount, dated and bearing interest from the date to which interest has been paid on such lost, stolen, destroyed or mutilated Series CC Bond.
ARTICLE III
OPTIONAL REDEMPTION
     The Series CC Bonds are redeemable (1) at the option of the Company, in whole or in part at any time and (2) in connection with an acceleration upon the occurrence of an Event of Default pursuant to Section 7.01 of the Base Indenture at a redemption price (the “Redemption Price”) equal to the sum of:
    100% of the principal amount of the Series CC Bonds to be redeemed; plus
 
    the Make-Whole Amount,
     plus accrued and unpaid interest to the Redemption Date on the Series CC Bonds to be redeemed.
     “Called Principal” means, with respect to any Series CC Bond, the principal of such Series CC Bond that is to be prepaid pursuant to Article III of this Supplemental Indenture or has become or is declared to be immediately due and payable under Section 7.01 of the Base Indenture, as the context requires.
     “Discounted Value” means, with respect to the Called Principal of any Series CC Bond, the amount obtained by discounting all Remaining Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such Called Principal, in accordance with accepted financial practice and at a discount factor (applied on the same periodic basis as that on which interest on the Series CC Bonds is payable) equal to the Reinvestment Yield with respect to such Called Principal.
     “Make-Whole Amount” means, with respect to any Series CC Bond, an amount equal to the excess, if any, of the Discounted Value of the Remaining Scheduled Payments with respect to the Called Principal of such Series CC Bond over the amount of such Called Principal, provided that the Make-Whole Amount may in no event be less than zero.
     “Reinvestment Yield” means, with respect to the Called Principal of any Series CC Bond, .50% over the yield to maturity implied by (i) the yields reported as of 10:00 a.m. (New York City time) on the second Business Day preceding the Settlement Date with respect to such Called Principal, on the display designated as “Page PX1” (or such other display as may replace Page PX1) on Bloomberg Financial Markets for the most recently issued actively traded on the run U.S. Treasury securities having a maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date, or (ii) if such yields are not reported as of such time or the yields reported as of such time are not ascertainable (including by way of interpolation), the Treasury Constant Maturity Series Yields reported, for the latest day for which such yields have been so reported as of the second Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication) for U.S. Treasury securities having a constant maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date.
     In the case of each determination under clause (i) or clause (ii), as the case may be, of the preceding paragraph, such implied yield will be determined, if necessary, by (a) converting U.S. Treasury bill quotations to bond equivalent yields in accordance with accepted financial practice and (b) interpolating linearly between (1) the applicable U.S. Treasury security with the maturity closest to and greater than such Remaining Average Life and (2) the applicable U.S. Treasury security with the maturity closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Series CC Bond.
     “Remaining Average Life” means, with respect to any Called Principal, the number of years (calculated to the nearest one-twelfth year) obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained

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by multiplying (a) the principal component of each Remaining Scheduled Payment with respect to such Called Principal by (b) the number of years (calculated to the nearest one-twelfth year) that will elapse between the Settlement Date with respect to such Called Principal and the scheduled due date of such Remaining Scheduled Payment.
     “Remaining Scheduled Payments” means, with respect to the Called Principal of any Series CC Bond, all payments of such Called Principal and interest thereon that would be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its scheduled due date, provided that if such Settlement Date is not a date on which interest payments are due to be made under the terms of the Series CC Bonds, then the amount of the next succeeding scheduled interest payment will be reduced by the amount of interest accrued to such Settlement Date and required to be paid on such Settlement Date pursuant to Article III of this Supplemental Indenture or under Section 7.01 of the Base Indenture, as the context requires.
     “Settlement Date” means, with respect to the Called Principal of any Series CC Bond, the date on which such Called Principal is to be prepaid pursuant to Article III of this Supplemental Indenture or has become or is declared to be immediately due and payable under Section 7.01 of the Base Indenture, as the context requires.
     Series CC Bonds may be redeemed (i) out of cash held in the sinking fund provided for in Article IV of this Supplemental Indenture or (ii) through the application of the proceeds of the sale of any complete water system or any substantial part of a water system owned by the Company, including without limiting the generality of the foregoing a sale to a municipality or other public body or agency having the power of eminent domain or the right to purchase or order the sale of such property, and, in case of redemption upon any such event, the applicable Redemption Price shall be the principal amount of such Series CC Bonds so redeemed, together with interest accrued thereon to the Redemption Date.
     Other than as specifically provided in this Article III, any redemption of Series CC Bonds shall be conducted in accordance with the provisions of Article IV of the Base Indenture.
ARTICLE IV
SINKING FUND
     SECTION 4.01. Amount and Time of Payment.
     The Company covenants and agrees that it will establish and maintain by annual cash deposits with the Trustee a sinking fund for the benefit of Holders of the Series CC Bonds and for the purpose of retiring and further securing such bonds, all as hereinafter in this Article IV provided. The amount to be deposited annually on or before October 31 of each year in such sinking fund, through the year ending October 31, 2019, shall be $100,000 (the “mandatory sinking fund payment”).
     The Company shall have the option to make an additional sinking fund payment (the “optional sinking fund payment”) on the date any mandatory sinking fund payment shall be due, in an amount up to but not greater than the mandatory sinking fund payment due on such date, regardless of whether such optional sinking fund payment shall have been made in any previous year; provided, however, that the option to make such optional sinking fund payments shall not be cumulative. Such optional sinking fund payments shall not affect in any manner the Company’s obligations to make annual sinking fund deposits in accordance with the first paragraph of this Section 4.01.
     SECTION 4.02. Application of Sinking Funds Cash to Redemption of Series CC Bonds.
     All cash deposited with the Trustee for the sinking fund for Series CC Bonds shall be held in a fund known as “Series CC Sinking Fund Cash”. Notwithstanding any provisions to the contrary in Article IV of the Base Indenture, unless otherwise required by Section 4.03, the Trustee in each year, after the deposit with the Trustee of the sinking fund payment for such year (regardless of whether such payment is a mandatory or an optional sinking fund payment), shall redeem Series CC Bonds from the Series CC Sinking Fund Cash in accordance with the provisions of Article IV of the Base Indenture as if acting upon Company Request. The date for the redemption of

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such Series CC Bonds shall be fixed to be the November 1 that is first following the deposit with the Trustee of any such sinking fund payment. However, the Trustee shall redeem Series CC Bonds only in denominations of $1,000 or multiples thereof. If any Holder’s share of the sinking fund payment is not an even multiple of $1,000, the Trustee shall hold for the account of such Holder the difference between the amount of such Holder’s share and the highest multiple of $1,000 which is less than such amount. The Trustee shall apply such sum on the next possible sinking fund redemption date to redeem Series CC Bonds from such Holder in authorized multiples of $1,000.
     SECTION 4.03. Limitations on Use of Sinking Fund Cash in Case of Event of Default.
     Notwithstanding anything hereinbefore provided, the Trustee shall not use the Series CC Sinking Fund Cash to redeem any Series CC Bonds if it has actual knowledge that an Event of Default has occurred and is continuing with respect to the Series CC Bonds and the Series CC Sinking Fund Cash shall form a part of the trust estate for the equal protection of all Series CC Bonds as above provided for any part of the trust estate.
ARTICLE V
ADDITIONAL PROVISIONS APPLICABLE TO SERIES CC BONDS
     SECTION 5.01. Limitations on Issuance of Bonds Against Expenditures for Maintenance and Replacements.
     No Bonds shall be issued under the Base Indenture for the purpose of providing funds for the Company to keep or maintain the property pledged pursuant to the Base Indenture in good and business-like working order and condition, or merely to replace or in substitution for old or worn-out or abandoned property; provided, however, that whenever old or worn-out or abandoned property is replaced by Substituted Property costing more than the original cost of the old or worn-out or abandoned property then such replacement or substitution shall be permitted and the excess of cost of such Substituted Property, and such excess only, shall be deemed Permanent Improvements, Extensions or Additions, for which Bonds may be authenticated and delivered under Section 2.02 of the Base Indenture.
     SECTION 5.02. Maintenance, Repairs, Replacements and Depreciation Reserve.
     The Company shall at all times maintain, preserve and keep or cause to be maintained, preserved and kept the Mortgaged Property, and every part thereof, with the appurtenances and every part and parcel thereof, in thorough repair, working order and condition, and from time to time make or cause to be made all needful and proper repairs and renewals, replacements and substitutions, and shall make adequate provision for replacement by proper and reasonable credits to its reserve for depreciation, so that at all times the value of the Mortgaged Property and the efficiency of the Mortgaged Property shall be fully preserved and maintained; and that it will comply with all lawful requirements of the PUC with respect to maintenance and depreciation.
     SECTION 5.03. Consent to Waiver of Event of Default under Other Series of Bonds.
     No Event of Default with respect to any series of Bonds Outstanding under the Base Indenture may be waived unless also waived by the Holders of not less than a majority in aggregate principal amount of the Outstanding Series CC Bonds by means of a written instrument or instruments signed by such Holders and delivered to the Trustee and the Company.
     SECTION 5.04. Most Favored Nation Provision.
     If the Company shall, at any time on or after the Closing Date, enter into, amend or modify any supplemental indenture or other agreement with respect to a series of Bonds in a manner that requires the Company to comply with or add a covenant, an event of default, a guarantee or collateral that either is not at such time applicable to the Series CC Bonds or, if such covenant, event of default, guarantee or collateral shall already be applicable to the Series CC Bonds, is, or contains related provisions that are, more restrictive upon the Company or

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any guarantor hereof than such existing covenant, event of default, guarantee or related provisions, each provision (including any related definitions) relating to such covenant, event of default, guarantee or security in such supplemental indenture (as amended or modified from time to time thereafter) shall be automatically deemed to be incorporated by reference in this Supplemental Indenture, mutatis mutandis, as if then set forth herein in full. Promptly after any such execution, amendment or modification of such a supplemental indenture, the Company shall (a) furnish to the Trustee a copy of each such supplemental indenture, (b) execute and deliver to the Trustee a supplemental indenture in form and substance reasonably satisfactory to the Holders of at least a majority in aggregate principal amount of the Series CC Bonds, amending or modifying this Supplemental Indenture by adding or modifying, as the case may be, the full text of such covenant, event of default, guarantee, definitions and other related provisions and (c) furnish to the Trustee any certificates and opinions required by clause (1) of Section 3.08 and Section 15.01 of the Base Indenture.
     SECTION 5.05. Delivery of Financial Statements to Holders of Series CC Bonds.
     (a) The Company shall deliver to the Holders of the Series CC Bonds:
          (i) The annual and periodic reports, information, documents and other reports required by Section 11.02 of the Base Indenture within the time periods set forth therein.
          (ii) A copy of each report submitted by independent public accountants selected by Parent of interim examinations, if any, by them of the financial statements of Parent.
          (iii) A copy of all reports, proxy statements, financial statements and notices sent by Parent to its shareholders.
          (iv) Within 45 calendar days after the end of the first, second and third quarterly accounting periods in each fiscal year and within 90 calendar days after the end of each fiscal year, a certificate signed by the President or a Vice President and the Chief Financial Officer of the Company to the effect that the Company is not in Default under the Base Indenture or under this Supplemental Indenture or, if there are such Defaults then in existence, describing the nature thereof.
          (v) Within 90 calendar days after the end of each fiscal year, a certificate of the accountants who certify Parent’s annual financial statements stating whether, in making their audit, such accountants have become aware of any Default under any of the terms and provisions of the Base Indenture or this Supplemental Indenture insofar as any such terms or provisions pertain to or involve accounting matters or determinations, and if there are such Defaults, describing the nature and the period of existence thereof.
          (vi) Promptly after receipt, copies of any report as to material inadequacies in accounting controls (including reports as to the absence of any such inadequacies) submitted by independent accountants in connection with any audit of Parent.
          (vii) Promptly after any officer of the Company obtains knowledge of a Default under the Base Indenture or under this Supplemental Indenture, a certificate signed by the President or a Vice President and the Treasurer or Assistant Treasurer of the Company describing such event in reasonable detail, with a statement of the Company’s action with respect thereto taken or proposed.
          (viii) Upon written request, one additional copy of each report referred to in this Section 5.05 as well as any other information and reports furnished to the Holder pursuant to the provisions of this Supplemental Indenture.
          (ix) A copy of any supplemental indenture subsequent to this Supplemental Indenture that supplements, amends or modifies the Base Indenture.
     (b) The Holders of the Series CC Bonds may deliver copies of the information or reports furnished to it pursuant to this Section 5.05 or any other provision of this Supplemental Indenture, to any regulatory body or

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commission to whose jurisdiction the Holder may be subject and to any prospective purchaser of any of the Bonds who is an institutional investor.
     (c) The Company further agrees that the Holders Series CC Bonds shall have the right upon request to receive such other financial information and reports as may be reasonably necessary for it to properly evaluate its investments, the right to inspect the properties and the books of account of Parent or the Company at all reasonable times upon normal business hours and the right to discuss the affairs of Parent or the Company with their officers and independent public accountants (and by this provision Parent and the Company authorize said accountants to discuss the finances and affairs of Parent and the Company with the Holders of the Series CC Bonds).
     SECTION 5.06. Affiliate Transactions.
     Except with respect to a wholly-owned Subsidiary, the Company shall not enter into any transaction, including, without limitation, the purchase, sale or exchange of property or the rendering of any service, with any Affiliate except in the ordinary course of and pursuant to the reasonable requirements of the Company’s business and upon fair and reasonable terms no less favorable than it would obtain in a comparable arm’s-length transaction with a person not an Affiliate. For purposes of this Section 5.06, “Affiliate” shall mean a Person who directly or indirectly through one or more financial intermediaries controls, or is controlled by, or is under common control with the Company, or who beneficially owns or holds 5% or more of the outstanding common stock or equity of the Company.
     SECTION 5.07. Request for Rating.
     At the request of the holders, the Company shall obtain and provide the holders, within 10 Business Days of the request, a rating of the Series CC Bonds by S&P or Moody’s; provided that in the event that either (i) the rating of the Series CC Bonds is less than BBB- or Baa3, as applicable, or (ii) the Series CC Bonds shall have a rating of less than BBB- or Baa3 (or the equivalent rating for investment grade debt securities) by a Nationally Recognized Rating Agency, the Company shall within 30 days of obtaining such rating by S&P or Moody’s provide the holders with financial statements of the Company for the most recently ended fiscal year audited by an independent registered public accounting firm of recognized national standing and prepared in conformity with U.S. generally accepted accounting principles applied on a consistent basis during the periods involved.
ARTICLE VI
MISCELLANEOUS
     SECTION 6.01. Notice.
     Any notice or communication in respect of the Series CC Bonds shall be made in accordance with Section 15.05 of the Base Indenture.
     SECTION 6.02. Amendment and Supplement.
     This Supplemental Indenture or the Series CC Bonds may be amended or supplemented as provided for in the Base Indenture.
     SECTION 6.03. Conflicts.
     In the event of any conflict between this Supplemental Indenture and the Base Indenture, the provisions of this Supplemental Indenture shall prevail.
     SECTION 6.04. Governing Law.
     This Supplemental Indenture and the Series CC Bonds shall be governed by, and construed and enforced in accordance with, the laws of the State of California without regard to the principles of conflicts of laws thereunder, except to the extent that the TIA shall be applicable.

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     SECTION 6.05. Counterparts.
     The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Supplemental Indenture.
     SECTION 6.06. Ratification.
     The Base Indenture, as supplemented by this Supplemental Indenture, shall remain in full force and effect and is in all respects ratified and confirmed.
     SECTION 6.07. Severability.
     If any one or more of the covenants or agreements provided in this Supplemental Indenture or in the Series CC Bonds on the part of the Company or the Trustee, or either of them, to be performed should be contrary to any express provision of law, or contrary to the policy of express law, to such an extent as to be unenforceable in any court of competent jurisdiction, then such covenant or covenants, agreement or agreements shall be null and void and shall be deemed separable from the remaining covenants and agreements and shall in nowise affect the validity of this Supplemental Indenture or the Series CC Bonds.
     SECTION 6.08. Effect of Restatement of Thirty-Fourth Supplemental Indenture.
     The parties hereto agree that upon execution of this Supplemental Indenture, the Thirty-Fourth Supplemental Indenture and the Series CC Bonds issued in connection therewith shall be deemed to be amended and restated in its entirety in the form of this Supplemental Indenture and the Series CC Bond in the form attached hereto as EXHIBIT A.
     SECTION 6.09. Trustee and Supplemental Indenture.
     The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company.
[Signature Pages Follow]

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SIGNATURES
     IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed, all as of the date first above written.
             
    CALIFORNIA WATER SERVICE COMPANY
 
           
 
  By:   /s/ Martin Kropelnicki    
 
     
 
   
 
  Name:   Martin Kropelnicki    
 
  Title:   Vice President, Chief Financial Officer    
 
     
 
   
 
           
    U.S. BANK NATIONAL ASSOCIATION, as Trustee
 
           
 
  By:   /s/ Chii Ling Lei    
 
           
 
  Name:   Chii Ling Lei    
 
           
 
  Title:   Vice President    
 
           
SIGNATURE PAGE TO FORTIETH SUPPLEMENTAL INDENTURE

 


 

State of California                           )
County of Santa Clara                     )
On 4/15/09 before me, Rose Shea, a Notary Public, personally appeared Martin Kropelnicki, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature /s/ Rose Shea           (Seal)
State of California                          )

County of Santa Clara                   )
On 4/15/09 before me, Rose Shea, a Notary Public, personally appeared Chii Ling Lei, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her authorized capacity, and that by her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature /s/ Rose Shea           (Seal)

 


 

EXHIBIT A
FORM OF AMENDED AND RESTATED SERIES CC BOND
     THIS BOND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN EXEMPTION THEREFROM UNDER THE ACT, THE RULES AND REGULATIONS THEREUNDER AND APPLICABLE STATE LAWS. THE TRANSFER OF THIS NOTE IS SUBJECT TO THE CONDITIONS SPECIFIED IN THE INDENTURE DATED AS OF APRIL 1, 1928 BETWEEN CALIFORNIA WATER SERVICE COMPANY AND U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE, AS SUCH INDENTURE MAY BE AMENDED, MODIFIED AND SUPPLEMENTED FROM TIME TO TIME.
CALIFORNIA WATER SERVICE COMPANY
9.86% First Mortgage Bonds due 2020, Series CC
     
No. ___   $17,800,000
     CALIFORNIA WATER SERVICE COMPANY, a California corporation (the “Company”), promises to pay to         , or its registered assigns, the principal sum of $17,800,000 in U.S. Dollars on November 1, 2020.
         
 
  Interest Payment Dates:   May 1 and November 1
 
       
 
  Record Dates:   April 15 and October 15
     Additional provisions of this Series CC Bond are set forth on the other side of this Series CC Bond.

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     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.
             
    CALIFORNIA WATER SERVICE COMPANY    
 
           
 
  By        
 
  Name:  
 
   
 
  Title:        
Attest:
     
 
Name:
   
Title:
   
[Authentication Page to Follow]

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CERTIFICATE OF AUTHENTICATION
     This is one of the Bonds of the series designated therein referred to in the within-mentioned Indenture.
             
Dated:   U.S. BANK NATIONAL ASSOCIATION,    
    As Trustee    
 
           
 
  By        
 
     
 
Authorized Signatory
   

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[FORM OF REVERSE SIDE OF SERIES CC BOND]
9.86% First Mortgage Bonds due 2020, Series CC
     1. INTEREST
     CALIFORNIA WATER SERVICE COMPANY, a California corporation (the “Company”), promises to pay interest on the principal amount of this Series CC Bond at the rate per annum shown above.
     The Company shall pay interest semi-annually in arrears on May 1 and November 1 of each year. Interest on the Series CC Bonds will accrue from the most recent date to which interest has been paid with respect to the Series CC Bonds. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months.
     During the occurrence and continuation of an Event of Default, all amounts owing under the Series CC Bonds shall, to the extent permitted by applicable law, bear additional interest at a per annum rate equal to 2%.
     2. METHOD OF PAYMENT
     The Company shall pay interest on the Series CC Bonds to the Persons who are registered Holders of Series CC Bonds at the close of business on the April 15 or October 15 immediately preceding the Interest Payment Date even if Series CC Bonds are canceled after the Record Date and on or before the Interest Payment Date. The Company shall pay principal and interest and the Make-Whole Amount, if any, in money of the United States that at the time of payment is legal tender for payment of public and private debts. However, all payments in respect of this Series CC Bond (including principal, premium, if any, and interest) must be made by wire transfer of immediately available funds to the accounts specified by the Holder hereof.
     3. PAYING AGENT AND REGISTRAR
     Initially, U.S. Bank National Association (the “Trustee”) shall act as Paying Agent and Registrar. The Company may appoint and change any Paying Agent or Registrar without notice to the Holders. The Company may act as Paying Agent or Registrar.
     4. INDENTURE
     The Company issued the Series CC Bonds under an Indenture from California Water Service Company to American Trust Company and Los Angeles-First National Trust & Savings Bank, as Trustees, dated as of the 1st day of April, 1928 (the “Original Base Indenture”; as therefore supplemented, amended and modified by the First through Thirty-eighth Supplemental Indentures, the “Original Indenture”; the Original Indenture as amended and modified by the Thirty-ninth Supplemental Indenture, and as subsequently amended, supplemented and modified, the “Base Indenture”), as further supplemented by the Fortieth Supplemental Indenture dated as of the date of this Series CC Bond between the Company and U.S. Bank National Association (as ultimate successor to American Trust Company and Los Angeles-First National Trust & Savings Bank), as Trustee (as subsequently amended, supplemented and modified, the “Supplemental Indenture”). The terms of the Series CC Bonds include those stated in the Base Indenture and the Supplemental Indenture and those made part of the Base Indenture and the Supplemental Indenture by reference to the TIA. Terms defined in the Base Indenture and the Supplemental Indenture and not defined herein have the meanings ascribed thereto in the Base Indenture and Supplemental Indenture. The Series CC Bonds are subject to all such terms, and Holders are referred to the Base Indenture, the Supplemental Indentureand the TIA for a statement of those terms.
     The Series CC Bonds are secured obligations of the Company known generally as First Mortgage Bonds.

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     5. OPTIONAL REDEMPTION
     The Series CC Bonds are redeemable (1) at the option of the Company, in whole or in part at any time and (2) in connection with an acceleration upon the occurrence of an Event of Default pursuant to Section 7.01 of the Base Indenture at a redemption price (the “Redemption Price”) equal to the sum of:
    100% of the principal amount of the Series CC Bonds to be redeemed; plus
 
    the Make-Whole Amount,
     plus accrued and unpaid interest to the Redemption Date on the Series CC Bonds to be redeemed.
     “Called Principal” means, with respect to any Series CC Bond, the principal of such Series CC Bond that is to be prepaid pursuant to Article III of the Supplemental Indenture or has become or is declared to be immediately due and payable under Section 7.01 of the Base Indenture, as the context requires.
     “Discounted Value” means, with respect to the Called Principal of any Series CC Bond, the amount obtained by discounting all Remaining Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such Called Principal, in accordance with accepted financial practice and at a discount factor (applied on the same periodic basis as that on which interest on the Series CC Bonds is payable) equal to the Reinvestment Yield with respect to such Called Principal.
     “Make-Whole Amount” means, with respect to any Series CC Bond, an amount equal to the excess, if any, of the Discounted Value of the Remaining Scheduled Payments with respect to the Called Principal of such Series CC Bond over the amount of such Called Principal, provided that the Make-Whole Amount may in no event be less than zero.
     “Reinvestment Yield” means, with respect to the Called Principal of any Series CC Bond, .50% over the yield to maturity implied by (i) the yields reported as of 10:00 a.m. (New York City time) on the second Business Day preceding the Settlement Date with respect to such Called Principal, on the display designated as “Page PX1” (or such other display as may replace Page PX1) on Bloomberg Financial Markets for the most recently issued actively traded on the run U.S. Treasury securities having a maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date, or (ii) if such yields are not reported as of such time or the yields reported as of such time are not ascertainable (including by way of interpolation), the Treasury Constant Maturity Series Yields reported, for the latest day for which such yields have been so reported as of the second Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication) for U.S. Treasury securities having a constant maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date.
     In the case of each determination under clause (i) or clause (ii), as the case may be, of the preceding paragraph, such implied yield will be determined, if necessary, by (a) converting U.S. Treasury bill quotations to bond equivalent yields in accordance with accepted financial practice and (b) interpolating linearly between (1) the applicable U.S. Treasury security with the maturity closest to and greater than such Remaining Average Life and (2) the applicable U.S. Treasury security with the maturity closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Series CC Bond.
     “Remaining Average Life” means, with respect to any Called Principal, the number of years (calculated to the nearest one-twelfth year) obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained by multiplying (a) the principal component of each Remaining Scheduled Payment with respect to such Called Principal by (b) the number of years (calculated to the nearest one-twelfth year) that will elapse between the Settlement Date with respect to such Called Principal and the scheduled due date of such Remaining Scheduled Payment.

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     “Remaining Scheduled Payments” means, with respect to the Called Principal of any Series CC Bond, all payments of such Called Principal and interest thereon that would be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its scheduled due date, provided that if such Settlement Date is not a date on which interest payments are due to be made under the terms of the Series CC Bonds, then the amount of the next succeeding scheduled interest payment will be reduced by the amount of interest accrued to such Settlement Date and required to be paid on such Settlement Date pursuant to Article III of the Supplemental Indenture or under Section 7.01 of the Base Indenture, as the context requires.
     “Settlement Date” means, with respect to the Called Principal of any Series CC Bond, the date on which such Called Principal is to be prepaid pursuant to Article III of the Supplemental Indenture or has become or is declared to be immediately due and payable under Section 7.01 of the Base Indenture, as the context requires.
     Series CC Bonds may be redeemed (i) out of cash held in the sinking fund provided for in Article IV of the Supplemental Indenture or (ii) through the application of the proceeds of the sale of any complete water system or any substantial part of a water system owned by the Company, including without limiting the generality of the foregoing a sale to a municipality or other public body or agency having the power of eminent domain or the right to purchase or order the sale of such property, and, in case of redemption upon any such event, the applicable Redemption Price shall be the principal amount of such Series CC Bonds so redeemed, together with interest accrued thereon to the Redemption Date.
     6. NOTICES OF REDEMPTION
     Notices of redemption shall (except in respect of redemptions made out of cash deposited in the sinking fund described in Section 7 below) be provided in accordance with Article IV of the Base Indenture. If less than all of the Series CC Bonds are to be redeemed at any time, the particular Bonds to be redeemed shall be selected in accordance with Article IV of the Base Indenture. On and after the Redemption Date, interest shall cease to accrue on Series CC Bonds or portions of them called for redemption.
     7. SINKING FUND
     The Company shall deposit with the Trustee in cash on or before October 31 of each year, through the year ending October 31, 2019, an annual sinking fund payment equal to $100,000. Such annual sinking fund payments shall be made, held and applied to the retirement or for the greater security of the Outstanding Series CC Bonds in the manner more particularly provided in the Supplemental Indenture, including the redemption of Outstanding Series CC Bonds as therein provided.
     The Company shall have the option to make an additional sinking fund payment (the “optional sinking fund payment”) on the date any mandatory sinking fund payment shall be due, in an amount up to but not greater than the mandatory sinking fund payment due on such date, regardless of whether such an optional sinking fund payment shall have been made in any previous year; provided, however, that the option to make such optional sinking fund payments shall not be cumulative.
     8. DENOMINATIONS; TRANSFER; EXCHANGE
     The Series CC Bonds are in registered form without coupons in denominations of $1,000 and whole multiples of $1,000. A Holder may transfer or exchange Series CC Bonds in accordance with the Base Indenture. Upon any transfer or exchange, the Registrar and the Trustee may require a Holder, among other things, to furnish appropriate transfer documents and to pay any taxes required by law or permitted by the Base Indenture. The Registrar shall not be required (A) to issue, to register the transfer of or to exchange any Series CC Bonds during a period beginning at the opening of business 15 calendar days before the day of any selection of Bonds for redemption and ending at the close of business on the day of selection, (B) to register the transfer of or to exchange any Series CC Bond so selected for redemption in whole or in part, except the unredeemed

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portion of any Series CC Bond being redeemed in part or (C) to register the transfer of or to exchange a Series CC Bond between a Record Date and the next succeeding Interest Payment Date.
     9. ADDITIONAL PROVISIONS APPLICABLE TO SERIES CC BONDS
     The provisions set forth in Article V of the Supplemental Indenture are applicable only with respect to, and govern only the terms of, the Series CC Bonds and shall not apply to any other Bonds that have been or may be issued under the Base Indenture unless a supplemental indenture with respect to such other Bonds specifically incorporates such provisions.
     10. PERSONS DEEMED OWNERS
     The registered Holder of this Series CC Bond may be treated as the owner of it for all purposes.
     11. UNCLAIMED MONEY
     If money for the payment of principal or interest remains unclaimed, the Paying Agent shall pay the money back to the Company in accordance with the terms of the Base Indenture.
     12. DISCHARGE AND DEFEASANCE
     Subject to certain conditions set forth in the Base Indenture, the Company at any time may terminate some or all of its obligations under the Base Indenture and the Supplemental Indenture with respect to the Series CC Bonds if, among other things, the Company deposits with the Trustee funds for the payment of principal and interest on the Series CC Bonds to redemption or maturity, as the case may be.
     13. AMENDMENT, WAIVER
     The Base Indenture permits, subject to certain exceptions set forth therein, that the Base Indenture and the terms of the Bonds of a series, which include the Series CC Bonds, and the rights of the Holders of the Bonds of a series, which may include the Holders of the Series CC Bonds, in each case may be modified, with the written consent of the Holders of a majority in aggregate principal amount of the Bonds the terms of which or the rights of the Holders of which are to be modified. The Base Indenture also permits certain other amendments, modifications or waivers thereof only with the consent of each Outstanding Bond affected thereby, while certain other amendments or modifications may be made without the consent of any Holders of Bonds.
     The Base Indenture also provides the Holders of sixty-six and two-thirds percent (66-2/3%) or more of principal amount of the Bonds then Outstanding of all such series under which an Event of Default shall have occurred, which may include the Series CC Bonds, may, by a written instrument or instruments signed by such Holders and delivered to the Trustee and to the Company, waive any past Default or Event of Default under such series of Bonds and its consequences except an Event of Default in the payment of the principal of, premium, if any, or interest on any of the Bonds as and when the same shall become due by the terms of such Bonds, and upon such waiver such Default or Event of Default shall be deemed not to exist for any purpose of the Base Indenture or such series of Bonds.
     Any such consent or waiver by the Holder of this Series CC Bond shall be conclusive and binding upon such Holder and upon all future Holders of this Series CC Bond and of any Series CC Bond issued in lieu of or exchange, in respect of anything done, omitted or suffered by the Trustee in pursuance thereof.
     14. DEFAULTS AND REMEDIES
     Events of Default are set forth in the Base Indenture and the Supplemental Indenture. If an Event of Default shall have occurred and be continuing, the Trustee upon the direction of Holders of not less than twenty-five percent (25%) aggregate principal amount of the Outstanding Bonds or the Holders of not less than twenty-five percent (25%) aggregate principal amount of the Outstanding Bonds, may, by notice in writing delivered to

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the Company (and to the Trustee if given by the Holders), declare the entire principal amount of Outstanding Bonds, Make-Whole Amount, if any, and the interest accrued thereon immediately due and payable, and said entire principal, Make-Whole Amount, if any, and interest shall thereupon become and be immediately due and payable.
     Holders may not enforce the the Base Indenture, the Supplemental Indenture or the Series CC Bonds except as provided in the Base Indenture. The Trustee may refuse to enforce the Base Indenture, the Supplemental Indenture or the Series CC Bonds unless it receives indemnity or security reasonably satisfactory to it. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Outstanding Bonds may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any Default (except a Default in payment of principal or interest on any Bond, or in the payment of any sinking fund installment) if and so long as Responsible Officers in good faith determine that withholding notice is in the interest of the Holders.
     15. TRUSTEE DEALINGS WITH THE COMPANY
     Subject to certain limitations imposed by the TIA, the Trustee, in its individual or any other capacity, may become the owner or pledgee of the Series CC Bonds and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee.
     16. NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES AND STOCKHOLDERS
     No director, officer, employee, incorporator or stockholder of the Company or Parent shall have any liability for any obligations of the Company under the Base Indenture, the Supplemental Indenture or the Series CC Bonds or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting the Series CC Bonds waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Series CC Bonds. Such waiver may not be effective to waive liabilities of directors, officers or persons controlling the Company under the federal securities laws and it is the view of the Commission that such waiver is against public policy and is therefore unenforceable.
     17. GOVERNING LAW
     The Series CC Bonds shall be governed by, and construed and enforced in accordance with, the laws of the State of California without regard to the principles of conflicts of laws thereunder, except to the extent that the TIA shall be applicable.
     18. AUTHENTICATION
     This Series CC Bond shall not be valid until an authorized signatory of the Trustee (or an Authenticating Agent) manually signs the certificate of authentication on the other side of this Series CC Bond.
     19. ABBREVIATIONS
     Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors Act).
     20. SECURITY INTEREST
     The Series CC Bonds shall be secured to the extent and in the manner provided by the Base Indenture and the Supplemental Indenture.
     21. EFFECT OF RESTATEMENT

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     This Series CC Bond amends and restates in its entirety the 9.86% First Mortgage Bonds, Series CC, due November 1, 2020, issued on or about November 1, 1990 under the Indenture dated as of April 1, 1928, among the Company and American Trust Company and Los Angeles-First National Trust & Savings Bank, as Trustees, as amended by that Eighth Supplemental Indenture dated as of November 1, 1945, among the Company and American Trust Company and Security-First National Bank of Los Angeles, as Trustees, and as further supplemented by the Thirty-Fourth Supplemental Indenture dated as of November 1, 1990, between the Company and Bank of America National Trust and Savings Association.
     22. GUARANTEE
     Parent has guaranteed the obligations under this Series CC Bond in accordance with the terms of the Supplemental Indenture.
     The Company shall furnish to any Holder upon written request and without charge to the Holder a copy of the Base Indenture and the Supplemental Indenture. Requests may be made to:
CALIFORNIA WATER SERVICE COMPANY
1720 North First Street
San Jose, CA 95112
Attention: Corporate Secretary

A-9


 

ASSIGNMENT FORM
To assign this Series CC Bond, fill in the form below:
I or we assign and transfer this Series CC Bond to
                                        
  (Print or type assignee’s name, address and zip code)
                                        
  (Insert assignee’s soc. sec. or tax I.D. No.)
and irrevocably appoint                     agent to transfer this Series CC Bond on the books of the Company. The agent may substitute another to act for him.
Date:                      Your Signature:                     
         
Signature Guarantee:
       
 
 
 
      (Signature must be guaranteed by a
   
 
       participant in a recognized signature    
 
       guarantee medallion program)    
     
 
Sign exactly as your name appears on the other side of this Series CC Bond.
   

A-10


 

EXHIBIT B
FORM OF PARENT GUARANTEE
     GUARANTEE, dated as of          (as amended from time to time, this “Guarantee”), made by California Water Service Group, a Delaware corporation (the “Guarantor”), in favor of U.S. Bank National Association, as trustee (“Trustee”) for the registered holders (the “Holders”) of the 9.86% First Mortgage Bonds due 2020, Series CC (collectively, the “Bonds”), of California Water Service Company, a California corporation (the “Issuer”).
WITNESSETH:
     SECTION 1. Guarantee. (a) The Guarantor hereby fully, absolutely, irrevocably and unconditionally guarantees the due and punctual payment when due, whether at stated maturity, by acceleration, by notice of prepayment or otherwise, of the principal of, premium, if any, and interest on the Bonds (the “Obligations”), according to the terms of the Bonds and as more fully described in the Indenture dated as of April 1, 1928 (as amended, modified or otherwise supplemented from time to time, including the Thirty-ninth Supplemental Indenture and the Fortieth Supplemental Indenture, the “Indenture”), between the Issuer and the Trustee, and any other amounts payable by the Guarantor to the Holders under the Indenture. The Guarantor’s obligation to make payment on the Obligations may be satisfied by direct payment of the required full and final amounts by the Guarantor to the Holders or by causing the Issuer to pay such full and final amounts to the Holders.
     (b) It is the intention of the Guarantor that this Guarantee not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to this Guarantee. To effectuate the foregoing intention, the amount guaranteed by the Guarantor under this Guarantee shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities of the Guarantor that are relevant under such laws, result in the Obligations of the Guarantor under this Guarantee not constituting a fraudulent transfer or conveyance. For purposes hereof, “Bankruptcy Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.
     (c) The Guarantor hereby covenants to comply with the provisions of Article XIII of the Indenture.
     SECTION 2. Guarantee Absolute. The Guarantor guarantees that the Obligations will be paid strictly in accordance with the terms of the Indenture, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of Holders of the Bonds with respect thereto. The Guarantor assents to all the terms, covenants and conditions of the Bonds and the Indenture. The liability of the Guarantor under this Guarantee shall be full, absolute, irrevocable and unconditional irrespective of:
     (a) any lack of validity, enforceability or genuineness of any provision of the Indenture, the Bonds or any other agreement or instrument relating thereto;
     (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to departure from the Indenture;
     (c) any exchange, release or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any other guarantee, for all or any of the Obligations;
     (d) the recovery of any judgment against the Issuer, or by the levy of any writ or process of execution under such judgment, or by any action or proceedings taken by any Holder under the Indenture, the Bonds or the Guarantee for the enforcement thereof or hereof;
     (e) the consolidation or merger of the Issuer with or into any other corporation or any sale, lease or other disposition of the Issuer’s properties as an entirety or substantially as an entirety to any other corporation;
     (f) the release or waiver, by operation of law or otherwise, of the performance or observance by the Issuer of any express or implied agreement, covenant, term or condition relating to the Bonds to be performed or observed by the Issuer;

B-1


 

     (g) the extension of time for the payment by the Issuer of any portion of the Obligations (other than an extension of time for payment of Obligations that results from the extension of any interest payment period on the Bonds as provided in the Indenture), or the extension of time for the performance of any other obligation under, arising out of, or in connection with, the Bonds;
     (h) any failure, omission, delay or lack of diligence on the part of the Holders to enforce, assert or exercise any right, privilege, power or remedy conferred on the Holders pursuant to the terms of the Bonds, or any action on the part of the Issuer granting indulgence or extension of any kind;
     (i) the voluntary or involuntary liquidation, dissolution, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or readjustment of debt of, or other similar proceedings affecting, the Issuer or any of the assets of the Issuer;
     (j) any invalidity of, or defect or deficiency in, the Bonds;
     (k) the settlement or compromise of any obligation guaranteed hereby or hereby incurred; or
     (l) any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense of a guarantor (other than payment of the underlying obligation) and any other act or delay or failure to act, or by any other thing, which may or might in any manner or to any extent vary the risk of the Guarantor, it being the intent of this Section 2 that the obligations of the Guarantor hereunder shall be absolute and unconditional under any and all circumstances.
There shall be no obligation of the Holders to give notice to, or obtain the consent of, the Guarantor with respect to the happening of any of the foregoing.
     SECTION 3. Subordination. The Guarantor covenants and agrees that its obligation to make payments of the Obligations hereunder constitutes an unsecured obligation of the Guarantor ranking (a) pari passu with all existing and future senior indebtedness of the Guarantor and (b) senior in right of payment to all existing and future subordinated indebtedness of the Guarantor.
     SECTION 4. Waiver; Subrogation. (a) The Guarantor hereby irrevocably waives promptness, diligence, notice of acceptance, notice of nonpayment, notice of dishonor, notice of redemption, notice of Event of Default and any other notice with respect to this Guarantee, presentment, demand for payment or protest and all other demands and related notices, and any requirement that the Trustee, or the Holders of any Bonds protect, secure, perfect or insure any security interest or lien or any property subject thereto or exhaust any right or take any action against the Issuer or any other Person or any collateral.
     (b) The Guarantor hereby irrevocably waives any claims or other rights that it may now or hereafter acquire against the Issuer that arise from the existence, payment, performance or enforcement of the Guarantor’s obligations under this Guarantee or the Indenture, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the Trustee, or the Holders of any Bonds against the Issuer or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. If any amount shall be paid to the Guarantor in violation of the preceding sentence at any time prior to the cash payment in full of the Obligations and all other amounts payable under this Guarantee, such amount shall be held in trust for the benefit of the Trustee and the Holders of any Bonds and shall forthwith be paid to the Trustee, to be credited and applied to the Obligations and all other amounts payable under this Guarantee, whether matured or unmatured, in accordance with the terms of the Indenture and this Guarantee, or be held as collateral for any Obligations or other amounts payable under this Guarantee thereafter arising.
     (c) Guarantor further waives any and all rights and defenses that Guarantor may have because Issuer’s debt is secured by real property; this means, among other things, that: (1) Guarantor waives any such defenses that may arise out of an election of remedies by Trustee, even though that election of remedies, such as a nonjudicial foreclosure with respect to security for a guaranteed obligation, has destroyed Guarantor’s rights of subrogation and reimbursement against the principal by the operation of Section 580d of the California Code of Civil Procedure or otherwise; (2) Trustee may collect from Guarantor without first foreclosing on any real or personal property collateral pledged by Issuer; (3) if Trustee forecloses on any real property collateral pledged by Issuer,

B-2


 

then (A) the amount of the debt may be reduced only by the price for which that collateral is sold at the foreclosure sale, even if the collateral is worth more than the sale price, and (B) Trustee may collect from Guarantor even if Trustee, by foreclosing on the real property collateral, has destroyed any right Guarantor may have to collect from Issuer. The foregoing sentence is an unconditional and irrevocable waiver of any rights and defenses Guarantor may have because Issuer’s debt is secured by real property. These rights and defenses being waived by Guarantor include, but are not limited to, any rights or defenses based upon Section 580a, 580b, 580d or 726 of the California Code of Civil Procedure. Without limiting the generality of the foregoing or any other provision hereof, Guarantor further expressly waives to the extent permitted by law any and all rights and defenses, including without limitation any rights of subrogation, reimbursement, indemnification and contribution, which might otherwise be available to Guarantor under California Civil Code Sections 2787 to 2855, inclusive, 2899 and 3433, or under California Code of Civil Procedure Sections 580a, 580b, 580d and 726, or any of such sections.
     (d) The Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Guarantee and that the waiver set forth in this Section 4 is knowingly made in contemplation of such benefits.
     SECTION 5. Rights of Holders. The Guarantor expressly acknowledges that: (i) this Guarantee will be deposited with the Trustee to be held for the benefit of the Holders; (ii) the Trustee has the right to enforce this Guarantee on behalf of the Holders; and (iii) the Holders of a majority in principal amount of the Bonds have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee in respect of this Guarantee or exercising any trust or power conferred upon the Trustee under this Guarantee.
     SECTION 6. Independent Obligations. The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Issuer with respect to the Bonds and that the Guarantor shall be liable as principal and as debtor hereunder to pay the Obligations pursuant to the terms of this Guarantee.
     SECTION 7. No Waiver; Remedies. No failure on the part of the Trustee or any Holder of the Bonds to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law.
     SECTION 8. Guarantee of Payment; Continuing Guarantee; Transfer of Interest. This Guarantee creates a guarantee of payment. This Guarantee is a continuing guarantee and shall (a) remain in full force and effect until the earliest to occur of (i) the date, if any, on which the Guarantor shall consolidate with or merge into the Issuer or any successor thereto, (ii) the date, if any, on which the Issuer or any successor thereto shall consolidate with or merge into the Guarantor, and (iii) final payment in full of the Obligations, (b) be binding upon the Guarantor, its successors and assigns, and (c) inure to the benefit of and be enforceable by any Holder of Bonds, the Trustee, and by their respective successors, transferees, and assigns.
     SECTION 9. Reinstatement. This Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Obligations is rescinded or must otherwise be returned by any Holder of the Bonds or the Trustee upon the insolvency, bankruptcy or reorganization of the Issuer or otherwise, all as though such payment had not been made.
     SECTION 10. Amendment. The Guarantor may amend this Guarantee at any time for any purpose without the consent of the Trustee or any Holder of the Bonds; provided, however, that if such amendment adversely affects (a) the rights of the Trustee or (b) any Holder of the Bonds, the prior written consent of the Trustee (in the case of (b), acting at the written direction of the Holders of a majority in aggregate principal amount of Bonds) shall be required; provided, further, however, that the Guarantor shall provide a copy of any such amendment to the Trustee.
     SECTION 11. Governing Law. This Guarantee shall be governed by, and construed and enforced in accordance with, the laws of the State of California without regard to the principles of conflicts of laws thereunder, except to the extent that the Trust Indenture Act of 1939, as amended, shall be applicable.

B-3


 

     SECTION 12. Notices. Any notice or communication shall be in writing and shall be hand delivered or mailed by first class mail (registered or certified, return receipt requested) or sent by facsimile, to the Guarantor at the following address:
California Water Service Group
1720 North First Street
San Jose, CA 95112
Telecopier No.: (408) 367-8430
Attention of: Chief Financial Officer
     IN WITNESS WHEREOF, the Guarantor has caused this Guarantee to be duly executed and delivered by its officer thereunto duly authorized as of the date first above written.
             
    CALIFORNIA WATER SERVICE GROUP,    
    as Guarantor    
 
           
 
  By:        
 
     
 
          Name:
   
 
                Title:    

B-4


 

EXHIBIT C
     The resignations of Wells Fargo Bank, National Association and Security Pacific National Bank, as trustees, and the acceptance of Bank of America National Trust and Savings Association as successor trustee have been recorded in the offices of the Recorders of the following counties and city and county of the State of California on the respective dates and in the respective books of record and/or as the respective document numbers hereinafter set forth as follows:
             
County or Page           Book and (Reel-
City and County   Date of Recordation   Document No.   Image)
Alameda
  August 1, 1983   83-137410    
Butte
  August 1, 1983   83-25375   2851-200
Fresno
  August 2, 1983   83069489    
Glenn
  August 1, 1983   3329   729-170
Kern
  August 2, 1983   12487   5576-522
Los Angeles
  August 2, 1983   83-887733    
Monterey
  August 1, 1983   Pg. 34173   1655-830
City and County of San Francisco
  August 1, 1983   D 376552   D559-205
San Joaquin
  August 10, 1983   83058347    
San Mateo
  August 1, 1983   83080322    
Santa Clara
  August 1, 1983   7766085   H770-413
Solano
  August 1, 1983   32353   Pg. 61300
Sonoma
  August 1, 1983   83-50597   83-50597
Tulare
  August 1, 1983   35981   4093-763
Ventura
  November 15, 1983       130201
Yuba
  August 1, 1983   1056   805-423

C-1


 

     On December 15, 1995, Bank of America National Trust and Savings Association, transferred substantially all of its corporate trust business to First Trust of California, National Association. On March 30, 1998, First Trust of California, National Association changed its name to U.S. Bank Trust National Association, San Francisco. On January 10, 2002, U.S. Bank Trust National Association, San Francisco, merged with and into U.S. Bank National Association as successor trustee. Evidence of the above and U.S. Bank National Association’s status as successor trustee have been recorded in the offices of the Recorders of the following counties of the State of California on the respective dates and in the respective books of record and/or as the respective document numbers hereinafter set forth as follows:
             
            Book and (Reel-
County   Date of Recordation   Document No.   Image)
Fresno
  March 9, 2009   2009-0032066    
Lake
  March 10, 2009   2009003530    
Los Angeles
  March 9, 2009   2009-03216507    
Monterey
  March 9, 2009   2009013888    
San Joaquin
  March 9, 2009   2009-038049    
San Mateo
  March 18, 2009   2009-030163    
Solano
  March 12, 2009   200900018231    
Sonoma
  March 9, 2009   2009019936    
Tulare
  March 9, 2009   2009-0013707    
Ventura
  March 9, 2009   20090309-00035462-0    

C-2


 

EXHIBIT D
     The First through Thirty-eighth Supplemental Indentures (and in the case of Marin County, a Memorandum of Indenture referencing the Original Base Indenture and the First through Thirty-eighth Supplemental Indentures) have been recorded in the offices of the Recorders of the following counties and city and county of the State of California on the respective dates and in the respective books of record and/or as the respective document numbers hereinafter set forth, as follows:
First Supplemental Indenture
                     
    Volume of   Page at Which Record    
Date of Recordation   Official Records   Commences   County
January 7, 1929
    40       432     Kings
January 7, 1929
    157       256     Contra Costa
Second Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Kings
  August 20, 1929     48       442  
Butte
  August 20, 1929     116       389  
Glenn
  August 20, 1929     17       179  
Alameda
  August 20, 1929     2173       334  
Tulare
  August 20, 1929     337       88  
Kern
  August 21, 1929     320       95  
Contra Costa
  August 20, 1929     208       198  
Third Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Yuba
  February 28, 1930     9          
City and County of San Francisco
  February 28, 1930     1985       257  
Fourth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
San Mateo
  July 17, 1931     537       1  
City and County of San Francisco
  July 20, 1931     2232       284  
Santa Clara
  July 17, 1931     576       175  

D-1


 

Fifth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
City and County of San Francisco
  March 31, 1932     2359       17  
Yuba
  April 6, 1932     12       469  
Sonoma
  April 6, 1932     320       39  
Alameda
  April 6, 1932     2808       77  
Tulare
  April 6, 1932     466       381  
Los Angeles
  April 6, 1932     11543       85  
San Joaquin
  April 6, 1932     397       375  
Santa Clara
  April 6, 1932     606       464  
San Mateo
  April 6, 1932     553       492  
Butte
  April 6, 1932     83       489  
Kings
  April 6, 1932     87       292  
Glenn
  April 6, 1932     43       123  
Shasta
  April 6, 1932     74       10  
Contra Costa
  April 6, 1932     299       449  
Kern
  April 6, 1932     428       473  
Solano
  April 6, 1932     89       66  
Sixth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  June 15, 1936     3314       406  
Butte
  June 15, 1936     167       1  
Contra Costa
  June 15, 1936     418       12  
Glenn
  June 15, 1936     82       73  
Kern
  June 15, 1936     643       64  
Kings
  June 15, 1936     151       241  
Los Angeles
  June 15, 1936     14153       291  
City and County of San Francisco
  June 15, 1936     2972       1  
San Joaquin
  June 15, 1936     542       53  
San Mateo
  June 15, 1936     703       1  
Santa Clara
  June 15, 1936     777       137  
Shasta
  June 15, 1936     108       134  
Solano
  June 15, 1936     161       1  
Sonoma
  June 15, 1936     412       160  
Tulare
  June 15, 1936     682       1  
Yuba
  June 15, 1936     35       25  
Seventh Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Los Angeles
  May 1, 1939     16572       206  
City and County of San Francisco
  May 2, 1939     3450       93  
San Mateo
  May 2, 1939     840       94  
Sonoma
  May 2, 1939     477       108  
Kern
  May 2, 1939     869       12  

D-2


 

Eighth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  November 3, 1945     4780       134  
Butte
  November 2, 1945     380       1  
Contra Costa
  November 3, 1945     874       1  
Fresno
  February 21, 1962     4681       226  
Glenn
  November 2, 1945     191       1  
Kern
  November 2, 1945     1292       1  
Kings
  November 1, 1945     342       21  
Los Angeles
  November 2, 1945     22396       251  
Monterey
  February 21, 1962   Reel 23     1  
City and County of San Francisco
  November 2, 1945     4346       103  
San Joaquin
  November 3, 1945     960       21  
San Mateo
  November 3, 1945     1231       1  
Santa Clara
  November 1, 1945     1267       583  
Solano
  November 3, 1945     344       6  
Sonoma
  November 3, 1945     665       21  
Tulare
  November 3, 1945     1141       382  
Ventura
  November 15, 1983   Doc. No. 130177        
Yuba
  November 3, 1945     94       23  
Ninth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  August 31, 1951     6525       237  
Butte
  August 30, 1951     603       1  
Contra Costa
  August 30, 1951     1814       508  
Fresno
  February 21, 1962     4681       437  
Glenn
  August 30, 1951     266       63  
Kern
  August 29, 1951     1840       373  
Kings
  August 30, 1951     502       228  
Los Angeles
  August 29, 1951     37102       345  
Monterey
  February 21, 1962   Reel 23     207  
City and County of San Francisco
  August 30, 1951     5773       355  
San Joaquin
  August 30, 1951     1372       123  
San Mateo
  August 30, 1951     2150       298  
Santa Clara
  August 30, 1951     2275       295  
Solano
  August 31, 1951     592       136  
Sonoma
  August 31, 1951     1072       420  
Tulare
  August 30, 1951     1539       528  
Ventura
  November 15, 1983   Doc. No. 130178        
Yuba
  August 31, 1951     155       177  

D-3


 

Tenth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  July 10, 1953     7078       451  
Butte
  July 9, 1953     679       45  
Contra Costa
  July 9, 1953     2157       453  
Fresno
  February 21, 1962     4681       540  
Glenn
  July 9, 1953     297       139  
Kern
  July 8, 1953     2102       215  
Kings
  July 9, 1953     561       249  
Los Angeles
  July 8, 1953     42134       371  
Monterey
  February 21, 1962   Reel 23     314  
City and County of San Francisco
  July 9, 1953     6190       21  
San Joaquin
  July 9, 1953     1540       523  
San Mateo
  July 10, 1953     2443       248  
Santa Clara
  July 9, 1953     2680       50  
Solano
  July 9, 1953     677       4  
Sonoma
  July 10, 1953     1218       348  
Tulare
  July 9, 1953     1686       314  
Ventura
  November 15, 1983   Doc. No. 130179        
Yuba
  July 10, 1953     181       1  
Eleventh Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  August 20, 1954     7404       181  
Butte
  August 20, 1954     732       496  
Contra Costa
  August 20, 1954     2368       164  
Fresno
  February 21, 1962     4681       604  
Glenn
  August 20, 1954     314       369  
Kern
  August 20, 1954     2278       74  
Kings
  August 20, 1954     594       449  
Los Angeles
  August 19, 1954     45365       64  
Monterey
  February 21, 1962   Reel 23     377  
City and County of San Francisco
  August 20, 1954     6435       421  
San Joaquin
  August 20, 1954     1662       316  
San Mateo
  August 19, 1954     2636       330  
Santa Clara
  August 20, 1954     2942       331  
Solano
  August 19, 1954     728       10  
Sonoma
  August 20, 1954     1290       234  
Tulare
  August 20, 1954     1772       388  
Ventura
  November 15, 1983   Document No. 130180        
Yuba
  August 20, 1954     195       490  

D-4


 

Twelfth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  October 7, 1955     7806       501  
Butte
  October 7, 1955     794       9  
Contra Costa
  October 7, 1955     2625       417  
Fresno
  February 21, 1962     4681       665  
Glenn
  October 7, 1955     331       350  
Kern
  October 6, 1955     2498       171  
Kings
  October 7, 1955     628       1  
Los Angeles
  October 6, 1955     49158       316  
Monterey
  February 21, 1962   Reel 23     439  
City and County of San Francisco
  October 7, 1955     6711       525  
San Joaquin
  October 7, 1955     1797       300  
San Mateo
  October 7, 1955     2890       480  
Santa Clara
  October 7, 1955     3299       406  
Solano
  October 7, 1955     792       422  
Sonoma
  October 7, 1955     1384       2  
Tulare
  October 7, 1955     1864       548  
Ventura
  November 15, 1983   Doc. No. 130181        
Yuba
  October 7, 1955     213       593  
Thirteenth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  December 7, 1956     8226       15  
Butte
  December 7, 1956     859       117  
Contra Costa
  December 7, 1956     2894       20  
Fresno
  February 21, 1962     4681       729  
Glenn
  December 7, 1956     348       217  
Kern
  December 6, 1956     2699       390  
Kings
  December 7, 1956     666       316  
Los Angeles
  December 6, 1956     53054       61  
Monterey
  February 21, 1962   Reel 23     503  
City and County of San Francisco
  December 10, 1956     6970       41  
San Joaquin
  December 7, 1956     1925       1  
San Mateo
  December 7, 1956     3140       258  
Santa Clara
  December 7, 1956     3680       1  
Solano
  December 7, 1956     860       189  
Sonoma
  December 7, 1956     1489       28  
Tulare
  December 7, 1956     1961       551  
Ventura
  November 15, 1983   Doc. No. 130182        
Yuba
  December 7, 1956     233       65  
Fourteenth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  March 20, 1964   Reel 1155   Image 2
Butte
  March 20, 1964     1303       8  
Contra Costa
  March 20, 1964     4578       360  
Fresno
  March 20, 1964     4980       337  

D-5


 

                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Glenn
  March 20, 1964     463       1  
Kern
  March 19, 1964     3706       1  
Los Angeles
  March 19, 1964     D2401       6  
Monterey
  March 20, 1964   Reel 299     230  
City and County of San Francisco
  March 20, 1964     A734       966  
San Joaquin
  March 20, 1964     2801       126  
San Mateo
  March 19, 1964     4670       563  
Santa Clara
  March 20, 1964     6432       567  
Solano
  March 20, 1964     1259       331  
Sonoma
  March 19, 1964     2030       757  
Tulare
  March 20, 1964     2491       437  
Ventura
  November 15, 1983   Doc. No. 130183        
Yuba
  March 20, 1964     389       535  
Fifteenth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  November 4, 1965     1635       610  
Butte
  November 4, 1965     1398       67  
Contra Costa
  November 4, 1965     4987       469  
Fresno
  November 4, 1965     5236       699  
Glenn
  November 4, 1965     483       194  
Kern
  November 3, 1965     3889       476  
Los Angeles
  November 3, 1965     D3104       7  
Monterey
  November 4, 1965     432       526  
City and County of San Francisco
  November 4, 1965     A983       431  
San Joaquin
  November 4, 1965     2996       13  
San Mateo
  November 4, 1965     5056       588  
Santa Clara
  November 4, 1965     7166       234  
Solano
  November 3, 1965     1366       547  
Sonoma
  November 3, 1965     2167       261  
Tulare
  November 4, 1965     2619       12  
Ventura
  November 15, 1983   Doc. No. 130184        
Yuba
  November 4, 1965     422       562  
Sixteenth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  December 2, 1966     1881       788  
Butte
  December 2, 1966     1452       13  
Contra Costa
  December 2, 1966     5256       298  
Fresno
  December 2, 1966     5383       432  
Glenn
  December 2, 1966     495       555  
Kern
  December 1, 1966     3999       845  
Los Angeles
  December 1, 1966     D3496       236  
Monterey
  December 2, 1966     485       472  
City and County of San Francisco
  December 2, 1966     B101       10  
San Joaquin
  December 2, 1966     3090       511  

D-6


 

                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
San Mateo
  December 2, 1966     5244       411  
Santa Clara
  December 2, 1966     7579       440  
Solano
  December 1, 1966     1429       482  
Sonoma
  December 1, 1966     2243       434  
Tulare
  December 2, 1966     2686       249  
Ventura
  November 15, 1983   Doc. No. 130185        
Yuba
  December 2, 1966     443       434  
Seventeenth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  April 2, 1968     2154       273  
Butte
  April 2, 1968     1511       632  
Contra Costa
  April 2, 1968     5593       177  
Fresno
  April 3, 1968     5554       654  
Glenn
  April 2, 1968     507       326  
Kern
  April 3, 1968     4147       264  
Los Angeles
  April 2, 1968     D3959       10  
Monterey
  April 2, 1968     551       580  
City and County of San Francisco
  April 2, 1968     B230       362  
San Joaquin
  April 2, 1968     3199       132  
San Mateo
  April 2, 1968     5453       1  
Santa Clara
  April 2, 1968     8076       99  
Solano
  April 1, 1968     1501       35  
Sonoma
  April 3, 1968     2323       446  
Tulare
  April 3, 1968     2773       415  
Ventura
  November 15, 1983   Doc. No. 130186        
Yuba
  April 2, 1968     465       122  
Eighteenth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  April 3, 1970     2592       708  
Butte
  April 6, 1970     1608       505  
Contra Costa
  April 3, 1970     6099       58  
Fresno
  April 3, 1970     5775       371  
Glenn
  April 6, 1970     524       168  
Kern
  April 3, 1970     4384       72  
Los Angeles
  April 6, 1970     D4677       518  
Monterey
  April 6, 1970     645       921  
City and County of San Francisco
  April 6, 1970     B414       258  
San Joaquin
  April 3, 1970     3381       569  
San Mateo
  April 3, 1970     5766       1  
Santa Clara
  April 3, 1970     8878       585  
Solano
  April 3, 1970     1618       477  
Sonoma
  April 3, 1970     2453       531  
Tulare
  April 3, 1970     2889       894  
Ventura
  November 15, 1983   Doc. No. 130187        
Yuba
  April 6, 1970     497       84  

D-7


 

Nineteenth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  June 10, 1970     2632       835  
Butte
  June 11, 1970     1618       2  
Contra Costa
  June 10, 1970     6146       1  
Fresno
  June 10, 1970     5793       233  
Glenn
  June 11, 1970     526       170  
Kern
  June 9, 1970     4405       724  
Los Angeles
  June 10, 1970     D4736       731  
Monterey
  June 10, 1970     653       890  
City and County of San Francisco
  June 11, 1970     B430       928  
San Joaquin
  June 10, 1970     3402       124  
San Mateo
  June 10, 1970     5792       57  
Santa Clara
  June 11, 1970     8949       586  
Solano
  June 10, 1970     1629       158  
Sonoma
  June 10, 1970     2465       923  
Tulare
  June 10, 1970     2898       231  
Ventura
  November 15, 1983   Doc. No. 130188        
Yuba
  June 11, 1970     500       77  
Twentieth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  April 2, 1971     2820       92  
Butte
  April 2, 1971     1667       102  
Contra Costa
  April 2, 1971     6351       138  
Fresno
  April 2, 1971     5880       820  
Glenn
  April 2, 1971     533       530  
Kern
  April 1, 1971     4509       30  
Los Angeles
  April 1, 1971     D5014       368  
Monterey
  April 2, 1971     695       719  
City and County of San Francisco
  April 5, 1971     B507       812  
San Joaquin
  April 5, 1971     3509       305  
San Mateo
  April 2, 1971     5919       363  
Santa Clara
  April 2, 1971     9278       182  
Solano
  April 5, 1971     1677       384  
Sonoma
  April 2, 1971     2524       671  
Tulare
  April 2, 1971     2959       373  
Ventura
  November 15, 1983   Doc. No. 130189        
Yuba
  April 2, 1971     513       81  
Twenty-first Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  December 14, 1972     3298       449  
Butte
  December 14, 1972     1805       96  

D-8


 

                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Contra Costa
  December 14, 1972     6821       129  
Fresno
  December 14, 1972     6104       2  
Glenn
  December 14, 1972     554       371  
Kern
  December 15, 1972     4757       356  
Los Angeles
  December 14, 1972     D5698       815  
Monterey
  December 14, 1972     815       838  
City and County of San Francisco
  December 14, 1972     B708       675  
San Joaquin
  December 14, 1972     3718       161  
San Mateo
  December 14, 1972     6289       367  
Santa Clara
  December 14, 1972     0154       435  
Solano
  December 15, 1972     1795       147  
Sonoma
  December 14, 1972     2719       547  
Tulare
  December 14, 1972     3075       674  
Ventura
  November 15, 1983   Doc. No. 130190        
Yuba
  December 14, 1972     546       360  
Twenty-second Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  December 27, 1972     3306       930  
Butte
  December 27, 1972     1807       385  
Contra Costa
  December 27, 1972     6829       150  
Fresno
  December 27, 1972     6108       355  
Glenn
  December 27, 1972     555       69  
Kern
  December 29, 1972     4762       140  
Los Angeles
  December 27, 1972     D5710       690  
Monterey
  December 27, 1972     818       40  
City and County of San Francisco
  December 27, 1972     B712       707  
San Joaquin
  December 27, 1972     3721       317  
San Mateo
  December 27, 1972     6296       114  
Santa Clara
  December 27, 1972     0171       29  
Solano
  December 29, 1972     1797       530  
Sonoma
  December 27, 1972     2722       782  
Tulare
  December 27, 1972     3078       118  
Ventura
  November 15, 1983   Doc. No. 130191        
Yuba
  December 27, 1972     547       158  
Twenty-third Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  December 27, 1972     3307       1  
Butte
  December 27, 1972     1807       433  
Contra Costa
  December 27, 1972     6829       197  
Fresno
  December 27, 1972     6108       307  
Glenn
  December 27, 1972     555       116  
Kern
  December 27, 1972     4762       187  
Los Angeles
  December 27, 1972     D5710       737  
Monterey
  December 27, 1972     818       87  

D-9


 

                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
City and County of San Francisco
  December 27, 1972     B712       733  
San Joaquin
  December 27, 1972     3721       269  
San Mateo
  December 27, 1972     6296       161  
Santa Clara
  December 27, 1972     0171       76  
Solano
  December 27, 1972     1797       577  
Sonoma
  December 27, 1972     2722       830  
Tulare
  December 27, 1972     3078       165  
Ventura
  November 15, 1983   Doc. No. 130192        
Yuba
  December 27, 1972     547       205  
Twenty-fourth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  March 22, 1974     3635       156  
Butte
  March 22, 1974     1896       665  
Contra Costa
  March 22, 1974     7183       54  
Fresno
  March 22, 1974     6279       513  
Glenn
  March 22, 1974     570       163  
Kern
  March 22, 1974     4832       519  
Los Angeles
  March 22, 1974     D6209       133  
Monterey
  March 22, 1974     902       1  
City and County of San Francisco
  March 22, 1974     B866       907  
San Joaquin
  March 22, 1974     3856       1  
San Mateo
  March 22, 1974     6574       611  
Santa Clara
  March 22, 1974     815       125  
Solano
  March 22, 1974     1974       11482  
Sonoma
  March 22, 1974     2847       542  
Tulare
  March 22, 1974     3166       315  
Ventura
  November 15, 1983   Doc. No. 130193        
Yuba
  March 22, 1974     571       423  
Twenty-fifth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  June 20, 1975     4007       676  
Butte
  June 20, 1975     1995       455  
Contra Costa
  June 20, 1975     7543       54  
Fresno
  June 20, 1975     6447       21  
Glenn
  June 20, 1975     587       128  
Kern
  June 20, 1975     4901       154  
Los Angeles
  June 20, 1975     D6698       184  
Monterey
  June 20, 1975     985       335  
City and County of San Francisco
  June 20, 1975     C30       188  
San Joaquin
  June 20, 1975     3996       258  
San Mateo
  June 20, 1975     6872       1  
Santa Clara
  June 20, 1975     B474       219  
Solano
  June 20, 1975     1975       25377  
Sonoma
  June 20, 1975     2970       761  
Tulare
  June 20, 1975     3249       11  

D-10


 

                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Ventura
  November 15, 1983   Doc. No. 130195        
Yuba
  June 20, 1975     595       695  
Twenty-sixth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  June 10, 1976     4397       342  
Butte
  June 10, 1976     2077       441  
Contra Costa
  June 10, 1976     7896       746  
Fresno
  June 11, 1976     6608       364  
Glenn
  June 10, 1976     600       137  
Kern
  June 11, 1976     4960       1166  
Los Angeles
  June 10, 1976     10257       734  
Monterey
  June 10, 1976     1060       798  
City and County of San Francisco
  June 10, 1976     C184       1  
San Joaquin
  June 10, 1976     4136       42  
San Mateo
  June 10, 1976     7151       667  
Santa Clara
  June 10, 1976     C073       688  
Solano
  June 10, 1976     1976       31463  
Sonoma
  June 10, 1976     3089       913  
Tulare
  June 10, 1976     3326       626  
Ventura
  November 15, 1983   Doc. No. 130195        
Yuba
  June 10, 1976     616       512  
Twenty-seventh Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  March 24, 1978     5312       57  
Butte
  March 24, 1978     2268       279  
Fresno
  March 27, 1978     6997       25  
Glenn
  March 24, 1978     626       594  
Kern
  March 24, 1978     5098       1124  
Los Angeles
  March 24, 1978   Doc. No. 78-310554        
Monterey
  March 24, 1978     1227       755  
City and County of San Francisco
  March 24, 1978     C538       664  
San Joaquin
  March 27, 1978     4377       286  
San Mateo
  March 24, 1978     7728       715  
Santa Clara
  March 24, 1978     D549       102  
Solano
  March 24, 1978     21803       73  
Sonoma
  March 24, 1978     3371       634  
Tulare
  March 27, 1978     3315       618  
Ventura
  November 15, 1983   Doc. No. 130196        
Yuba
  March 24, 1978     662       589  

D-11


 

Twenty-eighth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  August 28, 1978     5551       62  
Butte
  August 28, 1978     2318       170  
Fresno
  August 28, 1978     7107       2  
Glenn
  August 28, 1978     633       666  
Kern
  August 28, 1978     5135       674  
Los Angeles
  August 28, 1978   Doc. No. 78-951209        
Monterey
  August 28, 1978     1270       1030  
City and County of San Francisco
  August 28, 1978     C631       740  
San Joaquin
  August 28, 1978     4442       141  
San Mateo
  August 28, 1978     7774       1709  
Santa Clara
  August 28, 1978     D914       715  
Solano
  August 28, 1978     71420          
Sonoma
  August 28, 1978     3445       337  
Tulare
  August 28, 1978     3566       14  
Ventura
  November 15, 1983   Doc. No. 130197        
Yuba
  August 28, 1978     675       331  
Twenty-ninth Supplemental Indenture
                     
County or       Volume of   Pages At Which
City and County   Date of Recordation   Official Records   Record Commences
Alameda
  March 28, 1980     80-055698          
Butte
  March 28, 1980     2500       503  
Fresno
  March 31, 1980     7494       230  
Glenn
  March 31, 1980     663       509  
Kern
  March 28, 1980     5275       818  
Los Angeles
  March 31, 1980   Doc. No. 80-318971        
Monterey
  March 31, 1980     1399       636  
City and County of San Francisco
  March 28, 1980     C970       327  
San Joaquin
  March 31, 1980     80020795          
San Mateo
  March 28, 1980     7948       1952  
Santa Clara
  March 28, 1980     F233       366  
Solano
  March 28, 1980     23159          
Sonoma
  March 28, 1980     80-18782          
Tulare
  March 31, 1980     3753       500  
Ventura
  November 15, 1983   Doc. No. 130198        
Yuba
  March 28, 1980     722       625  
Thirtieth Supplemental Indenture
                 
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Alameda
  January 2, 1981     81-000002      
Butte
  January 2, 1981     81-113     2583-250
Fresno
  January 2, 1981     401     7651-362
Glenn
  January 2, 1981     0023     678-226
Kern
  January 5, 1981     000286     5342-1512
Los Angeles
  January 2, 1981     81-2293      
Monterey
  January 2, 1981     G00066     1456-551

D-12


 

                 
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
City and County of San Francisco
  December 31, 1980     D044298     D127-551
San Joaquin
  January 2, 1981     81000191      
San Mateo
  January 2, 1981   0507AS    
Santa Clara
  January 2, 1981     6941984     F825-269
Solano
  January 2, 1981   60 Pg. 90-156    
Sonoma
  January 2, 1981     81-000131      
Tulare
  January 2, 1981     189     3828-412
Ventura
  November 15, 1983     130199      
Yuba
  January 2, 1981     7644     743-99
Thirty-first Supplemental Indenture
                 
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Alameda
  May 4, 1982     82-064230      
Butte
  May 4, 1982     82-12318     2715-529
Fresno
  May 3, 1982     37212     7901-572
Glenn
  May 4, 1982     1908     704-299
Kern
  May 3, 1982     40614     5456-1478
Los Angeles
  May 3, 1982     82-445736      
Monterey
  May 3, 1982     G17137     1549-234
City and County of San Francisco
  May 3, 1982     D198127     D392-276
San Joaquin
  May 4, 1982     82022803      
San Mateo
  May 3, 1982     82035410      
Santa Clara
  May 3, 1982     7353398      
Solano
  May 3, 1982     15522     Pg. 26792
Sonoma
  May 3, 1982     82-23083      
Tulare
  May 3, 1982     19242     3961-163
Ventura
  November 15, 1983     130200      
Yuba
  May 3, 1982     10984     775-263
Thirty-second Supplemental Indenture
                 
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Alameda
  October 13, 1983     83-191597      
Butte
  October 13, 1983     83-34081     2874-684
Fresno
  October 13, 1983     83095135      
Glenn
  October 13, 1983     4435     733-446
Kern
  October 13, 1983     041161     5597-658
Los Angeles
  October 13, 1983     83-1208172      
Monterey
  October 13, 1983     G46236     1674-1194
City and County of San Francisco
  October 13, 1983     D408975      
San Joaquin
  October 13, 1983     83074718      
San Mateo
  October 13, 1983     83112077      
Santa Clara
  October 13, 1983     780561     H980-717
Solano
  October 13, 1983     45171     Pg 85369
Sonoma
  October 13, 1983     83069362      
Tulare
  October 13, 1983     51515     4120-726
Ventura
  October 13, 1983     117059      
Ventura re-recorded
  November 15, 1983     130202      
Yuba
  October 13, 1983     3764     810-614

D-13


 

Thirty-third Supplemental Indenture
                 
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Alameda
  September 13, 1988     88-232083      
Butte
  September 13, 1988     88-031123      
Fresno
  September 13, 1988     88101543      
Glenn
  September 13, 1988     88-4023      
Kern
  September 13, 1988     31355     6162-1754
Los Angeles
  September 13, 1988     88-1464893      
Monterey
  September 13, 1988     47561     2273-660
City and County of San Francisco
  September 13, 1988     E243818      
San Joaquin
  September 13, 1988     88077190      
San Mateo
  September 13, 1988     88120443      
Santa Clara
  September 13, 1988     9833944      
Solano
  September 13, 1988     54422     1988-117737
Sonoma
  September 13, 1988     88-77182      
Tulare
  September 13, 1988     58120     4745-662
Ventura
  September 13, 1988     88-133327      
Yuba
  September 13, 1988     2818      
Thirty-fourth Supplemental Indenture
                     
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Alameda
  December 20, 1990     90-332019          
Butte
  December 20, 1990     90-054231          
Fresno
  December 20, 1990     90155101          
Glenn
  December 21, 1990     90-6395          
Kern
  December 20, 1990     85807       6468-709  
Los Angeles
  December 20, 1990     90-2094360          
Monterey
  December 20, 1990     73725       2589-678  
City and County of San Francisco
  December 20, 1990     E836831       F276-480  
San Joaquin
  December 20, 1990     90122496          
San Mateo
  December 20, 1990     90165083          
Santa Clara
  December 21, 1990     10758142          
Solano
  December 20, 1990     99015       1990  
Sonoma
  December 20, 1990     90-122784          
Tulare
  December 20, 1990     83069          
Ventura
  December 20, 1990     90-187399          
Yuba
  December 20, 1990     90-14553          
Thirty-fifth Supplemental Indenture
                 
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Alameda
  November 3, 1992     92-358477      
Butte
  November 3, 1992     92-050443      

D-14


 

                 
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Fresno
  November 3, 1992     92167544      
Glenn
  November 3, 1992     92-5920      
Kern
  November 3, 1992     167635     6757-1488
Los Angeles
  November 3, 1992     92-2022769      
Monterey
  November 3, 1992     78604     2867-956
City and County of San Francisco
  November 3, 1992     F237077      
San Joaquin
  November 2, 1992     92127961      
San Mateo
  November 3, 1992     92180648      
Santa Clara
  November 3, 1992     11617179      
Solano
  November 3, 1992     101527      
Sonoma
  November 3, 1992     1992-137370      
Tulare
  November 3, 1992     92-081425      
Ventura
  November 3, 1992     92-198950      
Yuba
  November 3, 1992     92-13796      
Thirty-sixth Supplemental Indenture
             
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Alameda
  June 9, 1993   93-203153    
Butte
  June 9, 1993   93-023408    
Fresno
  June 9, 1993   93086809    
Glenn
  June 10, 1993   93-2925    
Kern
  June 9, 1993   82236   6859-1043
Los Angeles
  June 9, 1993   93-1098735    
Monterey
  June 9, 1993   38484    
City and County of San Francisco
  June 9, 1993   F371252   F896-0727
San Joaquin
  June 9, 1993   93067318    
San Mateo
  June 9, 1993   93094357    
Santa Clara
  June 9, 1993   11944269    
Solano
  June 9, 1993   93-51895    
Sonoma
  June 9, 1993   93-71358    
Tulare
  June 9, 1993   93-040396    
Ventura
  June 9, 1993   93-104242    
Yuba
  June 9, 1993   93-06640    
Thirty-seventh Supplemental Indenture
             
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Alameda
  September 28, 1993   93342967    
Butte
  September 28, 1993   93-041800    
Fresno
  September 28, 1993   93148269    
Glenn
  September 28, 1993   93-5140    
Kern
  September 28, 1993   140436   6915-188
Los Angeles
  September 28, 1993   93-1891500    
Monterey
  September 28, 1993   66464    
City and County of San Francisco
  September 28, 1993   F456929   F973-511
San Joaquin
  September 28, 1993   93111959    
San Mateo
  September 28, 1993   93164391    

D-15


 

\

             
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Santa Clara
  September 28, 1993   12128051    
Solano
  September 28, 1993   93-88880   1993
Sonoma
  September 28, 1993   93-121864    
Tulare
  September 28, 1993   93-069108A    
Ventura
  September 28, 1993   93-181168    
Yuba
  September 28, 1993   93-11284    
Thirty-eighth Supplemental Indenture
                     
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Alameda
  November 2, 1993   93390873        
Butte
  November 2, 1993   93-048806        
Fresno
  November 2, 1993   93170561        
Glenn
  November 2, 1993   93-5825        
Kern
  November 2, 1993   162046     6935-2210  
Lake
  March 19, 2009   2009004258        
Los Angeles
  November 2, 1993   93-2143052        
Monterey
  November 2, 1993   77734        
City and County of San Francisco
  November 2, 1993   F477371     F997-0471  
San Joaquin
  November 2, 1993   93129084        
San Mateo
  November 2, 1993   93188734        
Santa Clara
  November 2, 1993   12188841        
Solano
  November 2, 1993   1993-104293     1993  
Sonoma
  November 2, 1993   93-140937        
Tulare
  November 2, 1993   93-078948A        
Ventura
  November 2, 1993   92-208807        
Yuba
  November 2, 1993   93-12958        
 
Memorandum of Indenture referencing the First through Thirty-eighth Supplemental Indentures
             
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Marin
  March 30, 2009   2009-0015722    
The Company will record the Thirty-ninth Supplemental Indenture in the offices of the Recorders of the following counties and city and county of the State of California hereinafter as set forth, as follows:
Thirty-ninth Supplemental Indenture
                 
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Alameda
  On or about the date hereof    
Butte
  On or about the date hereof    
Fresno
  On or about the date hereof    
Glenn
  On or about the date hereof    

D-16


 

                 
County or       Book and Page    
City and County   Date of Recordation   Document No.   (Reel Image)
Kern
  On or about the date hereof            
Lake
  On or about the date hereof    
Los Angeles
  On or about the date hereof            
Marin
  On or about the date hereof    
Monterey
  On or about the date hereof            
San Joaquin
  On or about the date hereof    
San Mateo
  On or about the date hereof            
Santa Clara
  On or about the date hereof    
Solano
  On or about the date hereof            
Sonoma
  On or about the date hereof    
Tulare
  On or about the date hereof            
Ventura
  On or about the date hereof    
Yuba
  On or about the date hereof            

D-17