Common use of Authorization of Bonds Clause in Contracts

Authorization of Bonds. The Company has authorized and will create a series of its first mortgage bonds in an aggregate principal amount of $145,000,000 (the “Series 2019A Bonds”) to be issued in four Tranches as follows: (a) 2.84% First Mortgage Bonds, Series 2019A-1, due September 27, 2029 in the aggregate principal amount of $40,000,000 (the “Series 2019A-1 Bonds”); (b) 2.84% First Mortgage Bonds, Series 2019A-2, due October 29, 2029 in the aggregate principal amount of $35,000,000 (the “Series 2019A-2 Bonds”); (c) 2.94% First Mortgage Bonds, Series 2019A-3, due November 26, 2031 in the aggregate principal amount of $25,000,000 (the “Series 2019A-3 Bonds”); and (d) 2.94% First Mortgage Bonds, Series 2019A-4, due December 27, 2031 in the aggregate principal amount of $45,000,000 (the “Series 2019A-4 Bonds”; and together with the Series 2019A-1 Bonds, the Series 2019A-2 Bonds, and the Series 2019A-3 Bonds, the “Bonds”). The Bonds will be issued under and secured by that certain First Mortgage Indenture dated as of July 2, 2018 (the “Original Indenture”), between the Company and Wilmington Trust, National Association, as Trustee (the “Trustee”), as supplemented by the First Supplemental Indenture dated as of December 20, 2018 (the “First Supplement”) and as further supplemented by that certain Second Supplemental Indenture dated as of September 27, 2019 (such Second Supplemental Indenture being referred to herein as the “Second Supplement”), which will be substantially in the form attached hereto as Exhibit A. The Original Indenture as so amended and supplemented, and as further supplemented and amended according to its terms, is herein called the “Indenture.” A copy of the Original Indenture has been delivered to you. The Bonds shall be issuable in fully registered form only. The Series 2019A‑1 Bonds shall mature on September 27, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on March 27 and September 27 of each year and at maturity, commencing on March 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑2 Bonds shall mature on October 29, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on April 29 and October 29 of each year and at maturity, commencing on April 29, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑3 Bonds shall mature on November 26, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on May 26 and November 26 of each year and at maturity, commencing on May 26, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑4 Bonds shall mature on December 27, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on June 27 and December 27 of each year and at maturity, commencing on June 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. As permitted by the Indenture, the Bonds originally issued to you thereunder shall be dated, and bear interest from, the date of their original issue on the date of the applicable Closing. Schedule B (to Bond Purchase Agreement) Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.

Authorization of Bonds. The Company has authorized will authorize the issue and will create a series sale of its first mortgage bonds (i) First Mortgage Bonds, 2.85% Series due December 1, 2053 (herein referred to as the “2.85% Series due December 1, 2053 Bonds”) in an aggregate principal amount of $145,000,000 50,000,000, to bear interest at the rate of 2.85% per annum, and to mature on December 1, 2053, (the “Series 2019A Bonds”ii) to be issued in four Tranches as follows: (a) 2.84% First Mortgage Bonds, 2.89% Series 2019A-1due December 1, 2057 (herein referred to as the “2.89% Series due September 27December 1, 2029 2057 Bonds”) in the an aggregate principal amount of $40,000,000 50,000,000, to bear interest at the rate of 2.89% per annum, and to mature on December 1, 2057, and (the “Series 2019A-1 Bonds”); (biii) 2.84% First Mortgage Bonds, 2.90% Series 2019A-2due December 1, 2058 (herein referred to as the “2.90% Series due October 29December 1, 2029 2058 Bonds”) in the an aggregate principal amount of $35,000,000 50,000,000, to bear interest at the rate of 2.90% per annum, and to mature on December 1, 2058 (the “2.85% Series 2019A-2 Bonds”); (c) 2.94% First Mortgage Bonds, Series 2019A-3, due November 26, 2031 in the aggregate principal amount of $25,000,000 (the “Series 2019A-3 Bonds”); and (d) 2.94% First Mortgage Bonds, Series 2019A-4, due December 271, 2031 in the aggregate principal amount of $45,000,000 (the “Series 2019A-4 Bonds”; and together with the Series 2019A-1 2053 Bonds, the 2.89% Series 2019A-2 due December 1, 2057 Bonds, and the 2.90% Series 2019A-3 Bondsdue December 1, 2058 Bonds are collectively referred to as the “Bonds”” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain First Indenture of Mortgage Indenture dated as of July 2January 1, 2018 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), between the Company as previously amended and Wilmington Trust, National Association, as Trustee (the “Trustee”), as supplemented by the First Supplemental Indenture dated as of December 20, 2018 (the “First Supplement”) fifty-eight supplemental indentures and as further supplemented by that certain Second the Fifty-ninth Supplemental Indenture dated as of September 271, 2019 2020 (such Second Fifty-ninth Supplemental Indenture being referred to herein as the “Second Supplement”), ) which will be substantially in the form attached hereto as Exhibit A. A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture Indenture, as so supplemented and amended by the aforementioned fifty-eight supplemental indentures and supplementedthe Supplement, and as further supplemented and or amended according to its terms, is herein called hereinafter referred to as the “Indenture.” A copy of the Original Indenture has been delivered to you”. The Bonds shall be issuable in fully registered form only. The Series 2019A‑1 Bonds shall mature on September 27, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on March 27 and September 27 of each year and at maturity, commencing on March 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑2 Bonds shall mature on October 29, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on April 29 and October 29 of each year and at maturity, commencing on April 29, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑3 Bonds shall mature on November 26, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on May 26 and November 26 of each year and at maturity, commencing on May 26, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑4 Bonds shall mature on December 27, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on June 27 and December 27 of each year and at maturity, commencing on June 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. As permitted by the Indenture, the Bonds originally issued to you thereunder shall be dated, and bear interest from, the date of their original issue on the date of the applicable Closing. Schedule B (to Bond Purchase Agreement) Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.

Authorization of Bonds. The Company has authorized will authorize the issue and will create a series sale of its first mortgage bonds (i) First Mortgage Bonds, 3.99% Series due 2042 (herein referred to as the “3.99% Series due 2042 Bonds”) in an aggregate principal amount of $145,000,000 25,000,000, to bear interest at the rate of 3.99% per annum, and to mature on July 15, 2042, (the “Series 2019A Bonds”ii) to be issued in four Tranches as follows: (a) 2.84% First Mortgage Bonds, 4.04% Series 2019A-1, due September 27, 2029 2045 (herein referred to as the “4.04% Series due 2045 Bonds”) in the an aggregate principal amount of $40,000,000 10,000,000, to bear interest at the rate of 4.04% per annum, and to mature on July 15, 2045, and (the “Series 2019A-1 Bonds”); (biii) 2.84% First Mortgage Bonds, 4.09% Series 2019A-2, due October 29, 2029 2048 (herein referred to as the “4.09% Series due 2048 Bonds”) in the an aggregate principal amount of $35,000,000 65,000,000, to bear interest at the rate of 4.09% per annum, and to mature on July 15, 2048 (the “3.99% Series 2019A-2 Bonds”); (c) 2.94% First Mortgage Bonds, Series 2019A-3, due November 26, 2031 in the aggregate principal amount of $25,000,000 (the “Series 2019A-3 Bonds”); and (d) 2.94% First Mortgage Bonds, Series 2019A-4, due December 27, 2031 in the aggregate principal amount of $45,000,000 (the “Series 2019A-4 Bonds”; and together with the Series 2019A-1 2042 Bonds, the 4.04% Series 2019A-2 due 2045 Bonds, and the 4.09% Series 2019A-3 Bonds, due 2048 Bonds are collectively referred to as the “Bonds”” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain First Indenture of Mortgage Indenture dated as of July 2January 1, 2018 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), between the Company as previously amended and Wilmington Trust, National Association, supplemented by fifty-two supplemental indentures and as Trustee (the “Trustee”), as further supplemented by the First Fifty-third Supplemental Indenture dated as of December 20June 1, 2018 (the “First Supplement”) and as further supplemented by that certain Second Supplemental Indenture dated as of September 27, 2019 (such Second Fifty-third Supplemental Indenture being referred to herein as the “Second Supplement”), ) which will be substantially in the form attached hereto as Exhibit A. A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture Indenture, as so supplemented and amended by the aforementioned fifty-two supplemental indentures and supplementedthe Supplement, and as further supplemented and or amended according to its terms, is herein called hereinafter referred to as the “Indenture.” A copy of the Original Indenture has been delivered to you”. The Bonds shall be issuable in fully registered form only. The Series 2019A‑1 Bonds shall mature on September 27, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on March 27 and September 27 of each year and at maturity, commencing on March 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑2 Bonds shall mature on October 29, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on April 29 and October 29 of each year and at maturity, commencing on April 29, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑3 Bonds shall mature on November 26, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on May 26 and November 26 of each year and at maturity, commencing on May 26, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑4 Bonds shall mature on December 27, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on June 27 and December 27 of each year and at maturity, commencing on June 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. As permitted by the Indenture, the Bonds originally issued to you thereunder shall be dated, and bear interest from, the date of their original issue on the date of the applicable Closing. Schedule B (to Bond Purchase Agreement) Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.and

Authorization of Bonds. The Company has authorized will authorize the issue and will create a series sale of its first mortgage bonds (i) First Mortgage Bonds, 5.48% Series due August 1, 2053 (herein referred to as the “5.48% Series due August 1, 2053 Bonds”) in an aggregate principal amount of $145,000,000 175,000,000, to bear interest at the rate of 5.48% per annum, and to mature on August 1, 2053 and (the “Series 2019A Bonds”ii) to be issued in four Tranches as follows: (a) 2.84% First Mortgage Bonds, 5.56% Series 2019A-1due August 1, 2061 (herein referred to as the “5.56% Series due September 27August 1, 2029 2061 Bonds”) in the an aggregate principal amount of $40,000,000 50,000,000, to bear interest at the rate of 5.56% per annum, and to mature on August 1, 2061 (the “5.56% Series 2019A-1 Bonds”); (b) 2.84% First Mortgage Bondsdue August 1, Series 2019A-2, due October 29, 2029 in the aggregate principal amount of $35,000,000 (the “Series 2019A-2 Bonds”); (c) 2.94% First Mortgage Bonds, Series 2019A-3, due November 26, 2031 in the aggregate principal amount of $25,000,000 (the “Series 2019A-3 Bonds”); and (d) 2.94% First Mortgage Bonds, Series 2019A-4, due December 27, 2031 in the aggregate principal amount of $45,000,000 (the “Series 2019A-4 Bonds”; and together with the Series 2019A-1 Bonds, the Series 2019A-2 Bonds, 2061 Bonds and the 5.48% Series 2019A-3 Bondsdue August 1, 2053 Bonds are collectively referred to as the “Bonds”” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain First Indenture of Mortgage Indenture dated as of July 2January 1, 2018 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), between the Company as previously amended and Wilmington Trust, National Association, supplemented by sixty-one supplemental indentures and as Trustee (the “Trustee”), as further supplemented by the First Sixty-second Supplemental Indenture dated as of December 20July 27, 2018 (the “First Supplement”) 2023 and as further supplemented by that certain Second Supplemental Indenture dated effective as of September 27August 1, 2019 2023 (such Second Sixty-second Supplemental Indenture being referred to herein as the “Second Supplement”), ) which will be substantially in the form attached hereto as Exhibit A. A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture Indenture, as so supplemented and amended by the aforementioned sixty supplemental indentures and supplementedthe Supplement, and as further supplemented and or amended according to its terms, is herein called hereinafter referred to as the “Indenture.” A copy of the Original Indenture has been delivered to you”. The Bonds shall be issuable in fully registered form only. The Series 2019A‑1 Bonds shall mature on September 27, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on March 27 and September 27 of each year and at maturity, commencing on March 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑2 Bonds shall mature on October 29, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on April 29 and October 29 of each year and at maturity, commencing on April 29, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑3 Bonds shall mature on November 26, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on May 26 and November 26 of each year and at maturity, commencing on May 26, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑4 Bonds shall mature on December 27, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on June 27 and December 27 of each year and at maturity, commencing on June 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. As permitted by the Indenture, the Bonds originally issued to you thereunder shall be dated, and bear interest from, the date of their original issue on the date of the applicable Closing. Schedule B (to Bond Purchase Agreement) Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.

Authorization of Bonds. The Company has authorized will authorize the issue and will create a series sale of its first mortgage bonds (i) First Mortgage Bonds, 3.85% Series due 2051 (herein referred to as the “3.85% Series due 2051 Bonds”) in an aggregate principal amount of $145,000,000 25,000,000, to bear interest at the rate of 3.85% per annum, and to mature on January 15, 2051, (ii) First Mortgage Bonds, 3.95% Series due 2056 (herein referred to as the “3.95% Series 2019A due 2056 Bonds”) in an aggregate principal amount of $60,000,000, to bear interest at the rate of 3.95% per annum, and to mature on January 15, 2056, (iii) First Mortgage Bonds, 3.65% Series due 2042 (herein referred to as the “3.65% Series due 2042 Bonds”) in an aggregate principal amount of $10,000,000, to bear interest at the rate of 3.65% per annum, and to mature on February 1, 2042, and (iv) First Mortgage Bonds, 3.69% Series due 2044 (herein referred to as the “3.69% Series due 2044 Bonds”) to be issued limited in four Tranches as follows: (a) 2.84% First Mortgage Bonds, Series 2019A-1, due September 27, 2029 in the aggregate principal amount to $40,000,000, to bear interest at the rate of $40,000,000 3.69% per annum, and to mature on February 1, 2044 (the “3.85% Series 2019A-1 Bonds”); (b) 2.84% First Mortgage Bonds, Series 2019A-2, due October 29, 2029 in the aggregate principal amount of $35,000,000 (the “Series 2019A-2 Bonds”); (c) 2.94% First Mortgage Bonds, Series 2019A-3, due November 26, 2031 in the aggregate principal amount of $25,000,000 (the “Series 2019A-3 Bonds”); and (d) 2.94% First Mortgage Bonds, Series 2019A-4, due December 27, 2031 in the aggregate principal amount of $45,000,000 (the “Series 2019A-4 Bonds”; and together with the Series 2019A-1 2051 Bonds, the 3.95% Series 2019A-2 Bonds, and the Series 2019A-3 due 2056 Bonds, the 3.65% Series due 2042 Bonds and the 3.69% Series due 2044 Bonds are collectively referred to as the “Bonds”” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain First Indenture of Mortgage Indenture dated as of July 2January 1, 2018 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), between the Company as previously amended and Wilmington Trust, National Association, supplemented by fifty supplemental indentures and as Trustee (the “Trustee”), as further supplemented by the First Fifty-first Supplemental Indenture dated as of December 20November 1, 2018 (the “First Supplement”) and as further supplemented by that certain Second Supplemental Indenture dated as of September 27, 2019 2016 (such Second Fifty-first Supplemental Indenture being referred to herein as the “Second Supplement”), ) which will be substantially in the form attached hereto as Exhibit A. A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture Indenture, as so supplemented and amended by the aforementioned fifty supplemental indentures and supplementedthe Supplement, and as further supplemented and or amended according to its terms, is herein called hereinafter referred to as the “Indenture.” A copy of the Original Indenture has been delivered to you”. The Bonds shall be issuable in fully registered form only. The Series 2019A‑1 Bonds shall mature on September 27, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on March 27 and September 27 of each year and at maturity, commencing on March 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑2 Bonds shall mature on October 29, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on April 29 and October 29 of each year and at maturity, commencing on April 29, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑3 Bonds shall mature on November 26, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on May 26 and November 26 of each year and at maturity, commencing on May 26, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑4 Bonds shall mature on December 27, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on June 27 and December 27 of each year and at maturity, commencing on June 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. As permitted by the Indenture, the Bonds originally issued to you thereunder shall be dated, and bear interest from, the date of their original issue on the date of the applicable Closing. Schedule B (to Bond Purchase Agreement) Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.

Authorization of Bonds. The Company has authorized will authorize the issue and will create a series sale of its first mortgage bonds (i) First Mortgage Bonds, 3.49% Series due June 1, 2051 (herein referred to as the “3.49% Series due June 1, 2051 Bonds”) in an aggregate principal amount of $145,000,000 75,000,000, to bear interest at the rate of 3.49% per annum, and to mature on June 1, 2051, (the “Series 2019A Bonds”ii) to be issued in four Tranches as follows: (a) 2.84% First Mortgage Bonds, 3.54% Series 2019A-1due June 1, 2055 (herein referred to as the “3.54% Series due September 27June 1, 2029 2055 Bonds”) in the an aggregate principal amount of $40,000,000 50,000,000, to bear interest at the rate of 3.54% per annum, and to mature on June 1, 2055, and (the “Series 2019A-1 Bonds”); (biii) 2.84% First Mortgage Bonds, 3.55% Series 2019A-2due June 1, 2056 (herein referred to as the “3.55% Series due October 29June 1, 2029 2056 Bonds”) in the an aggregate principal amount of $35,000,000 50,000,000, to bear interest at the rate of 3.55% per annum, and to mature on June 1, 2056 (the “3.49% Series 2019A-2 Bonds”); (c) 2.94% First Mortgage Bondsdue June 1, Series 2019A-3, due November 26, 2031 in the aggregate principal amount of $25,000,000 (the “Series 2019A-3 Bonds”); and (d) 2.94% First Mortgage Bonds, Series 2019A-4, due December 27, 2031 in the aggregate principal amount of $45,000,000 (the “Series 2019A-4 Bonds”; and together with the Series 2019A-1 2051 Bonds, the 3.54% Series 2019A-2 due June 1, 2055 Bonds, and the 3.55% Series 2019A-3 Bondsdue June 1, 2056 Bonds are collectively referred to as the “Bonds”” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain First Indenture of Mortgage Indenture dated as of July 2January 1, 2018 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), between the Company as previously amended and Wilmington Trust, National Association, supplemented by fifty-seven supplemental indentures and as Trustee (the “Trustee”), as further supplemented by the First Fifty-eighth Supplemental Indenture dated as of December 20March 15, 2018 (the “First Supplement”) and as further supplemented by that certain Second Supplemental Indenture dated as of September 27, 2019 2020 (such Second Fifty-eighth Supplemental Indenture being referred to herein as the “Second Supplement”), ) which will be substantially in the form attached hereto as Exhibit A. A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture Indenture, as so supplemented and amended by the aforementioned fifty-six supplemental indentures and supplementedthe Supplement, and as further supplemented and or amended according to its terms, is herein called hereinafter referred to as the “Indenture.” A copy of the Original Indenture has been delivered to you”. The Bonds shall be issuable in fully registered form only. The Series 2019A‑1 Bonds shall mature on September 27, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on March 27 and September 27 of each year and at maturity, commencing on March 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑2 Bonds shall mature on October 29, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on April 29 and October 29 of each year and at maturity, commencing on April 29, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑3 Bonds shall mature on November 26, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on May 26 and November 26 of each year and at maturity, commencing on May 26, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑4 Bonds shall mature on December 27, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on June 27 and December 27 of each year and at maturity, commencing on June 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. As permitted by the Indenture, the Bonds originally issued to you thereunder shall be dated, and bear interest from, the date of their original issue on the date of the applicable Closing. Schedule B (to Bond Purchase Agreement) Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.

Authorization of Bonds. The Company has authorized will authorize the issue and will create a series sale of its first mortgage bonds (i) First Mortgage Bonds, 4.44% Series due 2047 (herein referred to as the “4.44% Series due 2047 Bonds”) in an aggregate principal amount of $145,000,000 65,000,000, to bear interest at the rate of 4.44% per annum, and to mature on November 15, 2047, (the “Series 2019A Bonds”ii) to be issued in four Tranches as follows: (a) 2.84% First Mortgage Bonds, 4.49% Series 2019A-1, due September 27, 2029 2052 (herein referred to as the “4.49% Series due 2052 Bonds”) in the an aggregate principal amount of $40,000,000 30,000,000, to bear interest at the rate of 4.49% per annum, and to mature on November 15, 2052, and (the “Series 2019A-1 Bonds”); (biii) 2.84% First Mortgage Bonds, 4.51% Series 2019A-2, due October 29, 2029 2053 (herein referred to as the “4.51% Series due 2053 Bonds”) in the an aggregate principal amount of $35,000,000 30,000,000, to bear interest at the rate of 4.51% per annum, and to mature on November 15, 2053 (the “4.44% Series 2019A-2 Bonds”); (c) 2.94% First Mortgage Bonds, Series 2019A-3, due November 26, 2031 in the aggregate principal amount of $25,000,000 (the “Series 2019A-3 Bonds”); and (d) 2.94% First Mortgage Bonds, Series 2019A-4, due December 27, 2031 in the aggregate principal amount of $45,000,000 (the “Series 2019A-4 Bonds”; and together with the Series 2019A-1 2047 Bonds, the 4.49% Series 2019A-2 due 2052 Bonds, and the 4.51% Series 2019A-3 Bonds, due 2053 Bonds are collectively referred to as the “Bonds”” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain First Indenture of Mortgage Indenture dated as of July 2January 1, 2018 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), between the Company as previously amended and Wilmington Trust, National Association, supplemented by fifty-three supplemental indentures and as Trustee (the “Trustee”), as further supplemented by the First Fifty-fourth Supplemental Indenture dated as of December 20October 15, 2018 (the “First Supplement”) and as further supplemented by that certain Second Supplemental Indenture dated as of September 27, 2019 (such Second Fifty-fourth Supplemental Indenture being referred to herein as the “Second Supplement”), ) which will be substantially in the form attached hereto as Exhibit A. A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture Indenture, as so supplemented and amended by the aforementioned fifty-three supplemental indentures and supplementedthe Supplement, and as further supplemented and or amended according to its terms, is herein called the “Indenture.” A copy of the Original Indenture has been delivered hereinafter referred to you. The Bonds shall be issuable in fully registered form only. The Series 2019A‑1 Bonds shall mature on September 27, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on March 27 and September 27 of each year and at maturity, commencing on March 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑2 Bonds shall mature on October 29, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on April 29 and October 29 of each year and at maturity, commencing on April 29, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑3 Bonds shall mature on November 26, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on May 26 and November 26 of each year and at maturity, commencing on May 26, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑4 Bonds shall mature on December 27, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on June 27 and December 27 of each year and at maturity, commencing on June 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. As permitted by the Indenture, the Bonds originally issued to you thereunder shall be dated, and bear interest from, the date of their original issue on the date of the applicable Closing. Schedule B (to Bond Purchase Agreement) Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.the