Exhibit 10.1

Execution Version

AMENDMENT NO. 2 TO AMENDED AND RESTATED CREDIT AGREEMENT

AND COMMITMENT INCREASE AGREEMENT

AMENDMENT NO. 2 TO AMENDED AND RESTATED CREDIT AGREEMENT AND COMMITMENT INCREASE
AGREEMENT dated as of April 29, 2016 (this “Amendment”), among SPECTRA ENERGY
PARTNERS, LP, a Delaware limited partnership (the “Borrower”), Citibank, N.A.,
in its capacity as administrative agent under the Credit Agreement referred to
below (the “Agent”), each entity designated on the signature pages hereto as an
“Extending Lender” (collectively, the “Extending Lenders”) and each entity
designated on the signature pages hereto as a “New Lender” (collectively, the
“New Lenders”).

The Borrower, the Agent and the Extending Lenders are parties to an Amended and
Restated Credit Agreement dated as of November 1, 2013 (as heretofore amended,
restated, supplemented or otherwise modified, the “Credit Agreement,” and as
amended by this Amendment, the “Amended Credit Agreement”), providing, subject
to the terms and conditions thereof, for extensions of credit to be made to the
Borrower.

In connection with this Amendment and the transactions contemplated hereby, each
of JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc., Merrill Lynch,
Pierce, Fenner & Smith Incorporated, Mizuho Bank, Ltd. and Wells Fargo
Securities, LLC has been appointed as a Joint Lead Arranger and Joint Bookrunner
(collectively, the “Joint Lead Arrangers”).

The Borrower, the Extending Lenders and the New Lenders wish to amend the Credit
Agreement in certain respects, and accordingly, the parties hereto hereby agree
as follows:

Section 1. Definitions. Except as otherwise defined in this Amendment, terms
defined in the Amended Credit Agreement are used herein as defined therein.

Section 2. New Lenders; Increased Commitments of Certain Extending Lenders.

2.01 Effective as of the Amendment Effective Date (as defined below):

(a) each New Lender hereby (i) provides a Revolving Commitment in an aggregate
amount not to exceed at any time outstanding the amount set forth opposite such
New Lender’s name on the signature pages hereto under the caption “Commitment,”
(ii) becomes a Revolving Lender under the Amended Credit Agreement (as it may be
further amended, restated, supplemented or otherwise modified from time to time)
for all purposes to the same extent as if originally a party thereto and shall
be bound thereby and entitled to the benefits thereof, (iii) represents and
warrants that (A) it has full power and authority, and has taken all action
necessary, to execute and deliver this Amendment and to consummate the
transactions contemplated hereby and to become a Revolving Lender under the
Amended Credit Agreement, (B) it satisfies the requirements, if any, specified
in the Amended Credit Agreement that are required to be satisfied by it in order
to become a Revolving Lender, (C) from and after the Amendment Effective Date,
it shall be bound by the provisions of the Amended Credit Agreement as a
Revolving Lender thereunder and shall have the obligations of a Revolving Lender
thereunder, (D) it has received and/or had the opportunity to review a copy of
the Credit Agreement to the extent it has in its sole discretion deemed
necessary, together with copies of the

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most recent financial statements delivered pursuant to Section 5.01(a) and
5.01(b) thereof, as applicable, and such other documents and information as it
has in its sole discretion deemed appropriate to make its own credit analysis
and decision to enter into this Amendment and to become a Revolving Lender under
the Amended Credit Agreement on the basis of which it has made such analysis and
decision independently and without reliance on the Agent or any other Lender,
and (E) if it is a Foreign Lender, it has provided to the Agent and the Borrower
any documentation required to be delivered by it pursuant to the terms of the
Credit Agreement, duly completed and executed by it, and (iv) agrees that (A) it
will, independently and without reliance on the Agent or any other Lender, and
based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit decisions in taking or not taking action
under the Amended Credit Agreement, and (B) it will perform in accordance with
their terms all of the obligations that by the terms of the Amended Credit
Agreement are required to be performed by it as a Revolving Lender; and

(b) each Extending Lender whose Revolving Commitment or Letter of Credit
Commitment amount, as applicable, set forth opposite such Extending Lender’s
name on the signature pages hereto is greater than such Extending Lender’s
Revolving Commitment or Letter of Credit Commitment, respectively, in effect
immediately prior to giving effect to this Amendment hereby increases its
Revolving Commitment and/or Letter of Credit Commitment such that, after giving
effect to this Amendment, such Extending Lender has a Revolving Commitment and a
Letter of Credit Commitment each in the aggregate amount not to exceed at any
time outstanding the amount set forth opposite such Extending Lender’s name on
the signature pages hereto under the caption “Commitment” and “Letter of Credit
Commitment,” respectively.

For the avoidance of doubt, the increase in the Revolving Commitments pursuant
to this Section 2 shall be effected without the Borrower exercising its rights
under Section 2.05(d) of the Amended Credit Agreement with respect to Commitment
Increases.

Section 3. Amendments. Subject to the satisfaction of the conditions precedent
specified in Section 5 of this Amendment, but effective as of the Amendment
Effective Date (as hereinafter defined), the Credit Agreement shall be amended
as follows:

3.01 Cover Page. The cover page to the Credit Agreement is hereby amended by
replacing such cover page in its entirety with Exhibit A attached hereto.

3.02 Definitions.

(a) Section 1.01 of the Credit Agreement shall be amended by adding the
following definitions in the appropriate alphabetical location:

““Amendment No. 2” means that certain Amendment No. 2 to Amended and Restated
Credit Agreement and Commitment Increase Agreement dated as of the Amendment
No. 2 Effective Date, among the Borrower, the Agent and each other entity
signatory thereto.

“Amendment No. 2 Effective Date” means April 29, 2016.

 

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“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEA
Financial Institution.

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council
of the European Union, the implementing law for such EEA Member Country from
time to time which is described in the EU Bail-In Legislation Schedule.

“EEA Financial Institution” means (a) any institution established in any EEA
Member Country which is subject to the supervision of an EEA Resolution
Authority, (b) any entity established in an EEA Member Country which is a parent
of an institution described in clause (a) of this definition, or (c) any
institution established in an EEA Member Country which is a subsidiary of an
institution described in clauses (a) or (b) of this definition and is subject to
consolidated supervision with its parent;

“EEA Member Country” means any of the member states of the European Union,
Iceland, Liechtenstein, and Norway.

“EEA Resolution Authority” means any public administrative authority or any
Person entrusted with public administrative authority of any EEA Member Country
(including any delegee) having responsibility for the resolution of any EEA
Financial Institution.

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule
published by the Loan Market Association (or any successor Person), as in effect
from time to time.

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority
from time to time under the Bail-In Legislation for the applicable EEA Member
Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule.”

(b) Section 1.01 of the Credit Agreement shall be amended by restating clause
(d) of the definition of “Defaulting Lender” in its entirety to read as follows:

“(d) has, or has a Lender Parent that has, become the subject of (x) a
Bankruptcy Event or (y) a Bail-in Action.”

(c) Section 1.01 of the Credit Agreement shall be amended by restating the
definition of “Joint Lead Arrangers” in its entirety to read as follows:

““Joint Lead Arrangers” means JPMorgan Chase Bank, N.A., Citigroup Global
Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Bank,
Ltd. and Wells Fargo Securities, LLC.”

 

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(d) Section 1.01 of the Credit Agreement shall be amended by restating the
definition of “Letter of Credit Commitment” in its entirety to read as follows:

““Letter of Credit Commitment” means, with respect to any Issuing Bank at any
time, the amount set forth opposite such Issuing Bank’s name on the signature
pages of Amendment No. 2 under the caption “Letter of Credit Commitment” or, if
such Issuing Bank has entered into any Assignment and Acceptance or otherwise
modified its Letter of Credit Commitment in accordance with the definition of
“Issuing Bank,” set forth for such Issuing Bank in the Register maintained by
the Agent pursuant to Section 8.07(d), as such amount may be reduced or
increased at or prior to such time by written agreement among such Issuing Bank,
the Agent and the Borrower.”

(e) Section 1.01 of the Credit Agreement shall be amended by restating the
definition of “Revolving Lenders” in its entirety to read as follows:

““Revolving Lenders” means the Initial Lenders, each Incremental Term Lender
that has become a Revolving Lender pursuant to Section 2.05(f), each Person that
shall become party hereto pursuant to Amendment No. 2, and each Person that
shall become a party hereto pursuant to an Assignment and Acceptance or pursuant
to an Accession Agreement with respect to all or any portion of a Revolving
Commitment or Revolving Advance, other than any such Person that ceases to be a
party hereto pursuant to an Assignment and Acceptance or Amendment No. 2.”

(f) Section 1.01 of the Credit Agreement shall be amended by replacing the text
“or any European Union member state” contained in the definition of “Sanctioned
Person” with the text “, any European Union member state or the Government of
Canada” in lieu thereof.

(g) Section 1.01 of the Credit Agreement shall be amended by replacing the text
“or Her Majesty’s Treasury of the United Kingdom” contained in the definition of
“Sanctions” with the text “, Her Majesty’s Treasury of the United Kingdom or the
Government of Canada” in lieu thereof.

(h) Section 1.01 of the Credit Agreement shall be amended by restating the
definition of “Termination Date” in its entirety to read as follows:

““Termination Date” means the earlier of April 29, 2021 (as such date may be
extended pursuant to Section 2.05(e), but in no event later than April 29, 2023)
and the date of termination in whole of the Revolving Commitments pursuant to
Section 2.05 or 6.01.”

3.03 Revolving Advances. Section 2.01(a) of the Credit Agreement shall be
amended by restating such section in its entirety to read as follows:

“(a) Revolving Advances. Each Revolving Lender severally agrees, on the terms
and conditions hereinafter set forth, to make Advances to the Borrower (each
such Advance, a “Revolving Advance”) from time to time on any Business Day
during the period from the Effective Date until the Termination Date in an
aggregate amount not to exceed at any time outstanding the amount set forth
opposite such Revolving Lender’s name on the signature pages to Amendment No. 2
under the caption “Commitment” or, if

 

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such Revolving Lender has entered into any Assignment and Acceptance, set forth
for such Revolving Lender in the Register maintained by the Agent pursuant to
Section 8.07(d), as such amount may be reduced or increased pursuant to
Section 2.05 (such Lender’s “Revolving Commitment”), minus such Revolving
Lender’s Letter of Credit Exposure. Each Borrowing shall be in the aggregate
amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof
and shall consist of Revolving Advances of the same Type made on the same day by
the Revolving Lenders ratably according to their respective Revolving
Commitments. Within the limits of each Revolving Lender’s Revolving Commitment,
the Borrower may borrow under this Section 2.01(a), prepay pursuant to
Section 2.10 and reborrow under this Section 2.01(a). For the avoidance of
doubt, all revolving loans outstanding under the Existing Credit Agreement as of
the Effective Date shall constitute Revolving Advances hereunder pursuant to
Section 1.08. The aggregate amount of the Revolving Commitments on the Amendment
No. 2 Effective Date is $2,500,000,000.”

3.04 Fees. Section 2.04(a) of the Credit Agreement shall be amended by
(i) replacing the text “the effective date specified in the Assignment and
Acceptance pursuant to which it became a Revolving Lender” contained in such
Section with the text “the date it became a Revolving Lender” in lieu thereof
and (ii) replacing the text “until the Termination Date” contained in such
Section with the text “until the earlier of the date such Revolving Lender
ceases to be a Revolving Lender under this Agreement and the Termination Date”
in lieu thereof.

3.05 Defaulting Lenders. Section 2.19(c)(ii) of the Credit Agreement shall be
amended by inserting the text “, subject to Section 8.15,” immediately after the
text “provided that” contained in such Section and immediately before the text
“neither any such” contained in such Section.

3.06 Representations and Warranties. Section 4.01 of the Credit Agreement shall
be amended as follows:

(a) By amending clause (d)(i) of such Section by replacing the text “December
31, 2012” contained in such Section with the text “December 31, 2015.”

(b) By amending clause (d)(ii) of such Section by replacing the text “March 31,
2013 and June 30, 2013” contained in such Section with the text “March 31,
2015, June 30, 2015 and September 30, 2015.”

(c) By amending clause (d)(iii) of such Section by replacing the text “2013”
contained in such Section with the text “2015.”

(d) By amending clause (f) of such Section by replacing the text “Except as
disclosed in the Borrower’s annual report on Form 10-K for the fiscal year ended
December 31, 2012, and the Borrower’s quarterly reports on Form 10-Q for the
fiscal quarters ended March 31, 2013 and June 30, 2013” contained in such
Section with the text “Except as disclosed in the Borrower’s annual report on
Form 10-K for the fiscal year ended December 31, 2015.”

 

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(e) By adding a new clause (m) at the end of such Section, which shall read in
its entirety as follows:

“(m) EEA Financial Institution. None of the Ultimate General Partner, Ultimate
Parent or the Borrower is an EEA Financial Institution.”

3.07 Use of Proceeds. Section 5.09 of the Credit Agreement shall be amended by
replacing the first sentence in its entirety to read as follows:

“The proceeds of the Revolving Advances and Letters of Credit made under this
Agreement will be used by the Borrower for its and its Subsidiaries’ general
company purposes, including acquisitions.”

3.08 Acknowledgment and Consent to Bail-In of EEA Financial Institutions. A new
Section 8.15 shall be added to the Credit Agreement at the end of Article VIII
of the Credit Agreement, which shall read in its entirety as follows:

SECTION 8.15 Acknowledgement and Consent to Bail-In of EEA Financial
Institutions. Notwithstanding anything to the contrary in this Agreement, in any
Note or in any other agreement, arrangement or understanding among any such
parties, each party hereto acknowledges that any liability of any EEA Financial
Institution arising under this Agreement or in any Note may be subject to the
write-down and conversion powers of an EEA Resolution Authority and agrees and
consents to, and acknowledges and agrees to be bound by:

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution
Authority to any such liabilities arising hereunder which may be payable to it
by any party hereto that is an EEA Financial Institution; and

(b) the effects of any Bail-In Action on any such liability, including, if
applicable:

(i) a reduction in full or in part or cancellation of any such liability;

(ii) a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such EEA Financial Institution, its parent entity,
or a bridge institution that may be issued to it or otherwise conferred on it,
and that such shares or other instruments of ownership will be accepted by it in
lieu of any rights with respect to any such liability under this Agreement or
under any Note; or

(iii) the variation of the terms of such liability in connection with the
exercise of the write-down and conversion powers of any EEA Resolution
Authority.

Section 4. Representations and Warranties. The Borrower represents and warrants
to the Lenders and the Agent that (a) the representations and warranties
contained Section 4.01 of the Amended Credit Agreement are correct in all
respects on the Amendment Effective Date (as defined below) (except for those
representations and warranties that specifically relate to a prior date, which
shall have been correct on such prior date) and (b) no Default or Event of
Default has occurred and is continuing on the Amendment Effective Date or would
result from giving effect to this Amendment.

 

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Section 5. Conditions Precedent. This Amendment shall become effective as of the
first date (the “Amendment Effective Date”) on which the following conditions
precedent have been satisfied.

5.01 Counterparts. The Agent shall have received one or more counterparts of
this Amendment, executed and delivered by the Borrower and each of the Extending
Lenders and the New Lenders.

5.02 Corporate Documents and Opinions of Counsel. The Agent shall have received
the following, each dated the Amendment Effective Date, in form and substance
reasonably satisfactory to the Agent:

(a) (I) an opinion of the internal legal counsel of the Borrower and (II) an
opinion of Bracewell LLP, special counsel for the Borrower;

(b) certified copies of the resolutions of the Board of Directors or similar
governing body of the Ultimate General Partner (in its capacity as general
partner of the General Partner, in its capacity as General Partner of the
Borrower) approving this Amendment and the Amended Credit Agreement, and of all
documents evidencing other necessary corporate or other similar action and
governmental approvals, if any, with respect to this Amendment;

(c) a certificate signed by the Chief Financial Officer or the Treasurer of the
Ultimate General Partner (in its capacity as general partner of the General
Partner, in its capacity as General Partner of the Borrower), dated the
Amendment Effective Date, to the effect set forth in clauses (a) and (b) of
Section 4 of this Amendment;

(d) a certificate of the Secretary or an Assistant Secretary of the Ultimate
General Partner (in its capacity as general partner of the General Partner, in
its capacity as General Partner of the Borrower) certifying the names and true
signatures of the officers of the Ultimate General Partner (in its capacity as
general partner of the General Partner, in its capacity as General Partner of
the Borrower) authorized to sign this Amendment and the other documents to be
delivered hereunder; and

(e) all documents the Agent may have reasonably requested prior to the Amendment
Effective Date relating to the existence of the Borrower, the corporate or other
similar authority for and the validity of this Amendment and the Amended Credit
Agreement, and any other matters relevant hereto.

5.03 Fees. The Agent and the Joint Lead Arrangers shall have received all fees
and other amounts due and payable to them on or prior to the Amendment Effective
Date, including reimbursement or payment of all reasonable and invoiced
out-of-pocket fees, charges and expenses of a single counsel and of a single
local counsel to the Agent and the Joint Lead Arrangers in each appropriate
jurisdiction (which may include a single special counsel acting in multiple
jurisdictions) and such other counsel retained with the Borrower’s prior written
consent (such consent not to be unreasonably withheld or delayed), required to
be reimbursed or paid by the Borrower under the Amended Credit Agreement.

 

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5.04 Know Your Customer. The Lenders shall have received, to the extent
requested at least two (2) Business Days prior to the Amendment Effective Date,
all documentation and other information reasonably requested by the Lenders or
the Agent under applicable “know your customer” and anti-money laundering rules
and regulations, including the Patriot Act.

Section 6. Deemed Assignments. Simultaneously with the Amendment Effective Date,
any required assignments shall be deemed to be made in such amounts among the
Revolving Lenders and from each Revolving Lender to each other Revolving Lender
(including from any Revolving Lender that reduces its revolving commitment in
connection with this Amendment), all as reasonably determined and managed by the
Agent, in each case with the same force and effect as if such assignments were
evidenced by applicable Assignments and Acceptances under the Amended Credit
Agreement, but without the payment of any related assignment fee.
Notwithstanding anything to the contrary in the Amended Credit Agreement or in
this Amendment, no other documents or instruments, including any Assignment and
Acceptance, shall be, or shall be required to be, executed in connection with
the assignments set forth in this Section 6 (all of which requirements are
hereby waived), and such assignments shall be deemed to be made with all
applicable representations, warranties and covenants as if evidenced by an
Assignment and Assumption. On the Amendment Effective Date, (i) the applicable
Revolving Lenders shall make full cash settlement with one another (including
with any Revolving Lender whose revolving commitment is being decreased), either
directly or through the Agent, as the Agent may direct or approve, with respect
to all assignments, reallocations and other changes in Revolving Commitments,
such that after giving effect to such settlements the Pro Rata Share and
Revolving Commitment of each Revolving Lender shall be as set forth opposite
such Revolving Lender’s name on the signature pages hereof under the caption
“Commitment” and (ii) each such Revolving Lender shall be entitled to any
reimbursement under Section 2.11 of the Credit Agreement or the Amended Credit
Agreement, as applicable, with respect thereto.

Section 7. References Generally. References in the Credit Agreement (including
references to the Credit Agreement as amended hereby) to “this Agreement” (and
indirect references such as “hereunder”, “hereby”, “herein” and “hereof”) shall
be deemed to be references to the Credit Agreement as amended hereby.

Section 8. Miscellaneous. Except as herein provided, the Credit Agreement shall
remain unchanged and in full force and effect, and the Borrower (a) ratifies,
confirms and reaffirms all provisions of the Credit Agreement as amended by this
Amendment, and (b) ratifies and confirms that all obligations of the Borrower
under the Notes and the Credit Agreement as amended by this Amendment are not
released, reduced, or otherwise adversely affected by this Amendment. The
execution and delivery of this Amendment shall not constitute a novation of any
indebtedness or other obligations owing to any Revolving Lender, any Issuing
Bank or the Agent under the Credit Agreement based on facts or events occurring
or existing prior to the execution and delivery of this Amendment. This
Amendment may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so

 

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executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement. Delivery of an executed counterpart of a
signature page to this Amendment by facsimile or other electronic means (.pdf or
.tif) shall be effective as delivery of a manually executed counterpart of this
Amendment. This Amendment shall be governed by, and construed in accordance
with, the law of the State of New York. Each of the parties hereto hereby
irrevocably and unconditionally submits to the exclusive jurisdiction and venue
of the United States District Court for the Southern District of New York and of
any New York State court sitting in New York County, Borough of Manhattan, and
any appellate court from any such federal or state court, for purposes of all
suits, actions or legal proceedings arising out of or relating to this Amendment
and the Amended Credit Agreement or the transactions contemplated hereby or
thereby. Each of the parties hereto irrevocably waives, to the fullest extent
permitted by law, any objection that it may now or hereafter have to the laying
of the venue of any such proceeding brought in such a court and any claim that
any such proceeding brought in such a court has been brought in an inconvenient
forum. EACH OF THE BORROWER, THE AGENT AND THE LENDERS PARTY HERETO HEREBY
IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR
RELATING TO THIS AMENDMENT, THE AMENDED CREDIT AGREEMENT OR THE NOTES OR THE
ACTIONS OF THE AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION,
PERFORMANCE OR ENFORCEMENT THEREOF. This Amendment constitutes the entire
agreement and understanding among the parties hereto and supersedes any and all
prior agreements and understandings, oral or written, relating to the subject
matter hereof.

[Remainder of page intentionally left blank; signature pages follow.]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered as of the day and year first above written.

 

SPECTRA ENERGY PARTNERS, LP, as Borrower By:   Spectra Energy Partners (DE) GP,
LP,   its general partner   By:   Spectra Energy Partners GP, LLC,     its
general partner   By:  

/s/ Laura J. Buss Sayavedra

    Name: Laura J. Buss Sayavedra     Title: Vice President and Treasurer

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 157,142,857.13      $ 100,000,000.00   

CITIBANK, N.A., as the Agent, as an Extending Lender and as an Initial Issuing
Bank By:   /s/ Maureen Maroney Name: Maureen Maroney Title: Vice President

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 157,142,857.13      $ 0.00   

JPMORGAN CHASE BANK, N.A., as an Extending Lender By:   /s/ Bridget Killackey
Name: Bridget Killackey Title: Executive Director

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 157,142,857.13      $ 50,000,000.00   

MIZUHO BANK, LTD., as an Extending Lender and an Issuing Bank By:   /s/ Raymond
Ventura Name: Raymond Ventura Title: Managing Director

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 157,142,857.13      $ 0.00   

BANK OF AMERICA, N.A., as an Extending Lender By:   /s/ Michael Clayborne Name:
Michael Clayborne Title: Director

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 157,142,857.13      $ 100,000,000.00   

WELLS FARGO BANK, NATIONAL ASSOCIATION, as an Extending Lender and as an Initial
Issuing Bank By:   /s/ Jeffrey Cobb Name: Jeffrey Cobb Title: Director

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 146,785,714.29      $ 0.00   

BARCLAYS BANK PLC, as an Extending Lender By:   /s/ Ronnie Glenn Name: Ronnie
Glenn Title: Vice President

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 146,785,714.29      $ 0.00   

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as an Extending Lender By:   /s/ Vipul
Dhadda Name: Vipul Dhadda Title: Authorized Signatory By:   /s/ Max Wallins
Name: Max Wallins Title: Authorized Signatory

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 146,785,714.29      $ 0.00   

DEUTSCHE BANK AG NEW YORK BRANCH, as an Extending Lender By:   /s/ Virginia
Cosenza Name: Virginia Cosenza Title: Vice President By:   /s/ Peter Cucchiara
Name: Peter Cucchiara Title: Vice President

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 40,000,000.00      $ 0.00   

MORGAN STANLEY SENIOR FUNDING, INC., as an Extending Lender By:   /s/ Michael
King Name: Michael King Title: Vice President

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 106,785,714.29      $ 0.00   

MORGAN STANLEY BANK, N.A., as an Extending Lender By:   /s/ Michael King Name:
Michael King Title: Authorized Signatory

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 146,785,714.29      $ 0.00   

ROYAL BANK OF CANADA, as an Extending Lender By:   /s/ Caleb Allen Name: Caleb
Allen Title: Authorized Signatory

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 146,785,714.29      $ 0.00   

SUNTRUST BANK, as an Extending Lender By:   /s/ Chulley Bogle Name: Chulley
Bogle Title: Vice President

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

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Commitment:     Letter of Credit
Commitment:   $ 146,785,714.29      $ 0.00   

UBS AG, STAMFORD BRANCH, as an Extending Lender By:   /s/ Darlene Arias Name:
Darlene Arias Title: Director By:   /s/ Craig Pearson Name: Craig Pearson Title:
Associate Director

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

--------------------------------------------------------------------------------

Commitment:     Letter of Credit
Commitment:   $ 146,785,714.29      $ 0.00   

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as an Extending Lender By:   /s/ Sherwin
Brandford Name: Sherwin Brandford Title: Director

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

--------------------------------------------------------------------------------

Commitment:     Letter of Credit
Commitment:   $ 71,428,571.43      $ 0.00   

KEYBANK NATIONAL ASSOCIATION, as an Extending Lender By:   /s/ Keven D. Smith
Name: Keven D. Smith Title: Senior Vice President

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

--------------------------------------------------------------------------------

Commitment:     Letter of Credit
Commitment:   $ 146,785,714.29      $ 0.00   

SUMITOMO MITSUI BANKING

CORPORATION, as an Extending Lender

By:   /s/ Katsuyuki Kubo Name: Katsuyuki Kubo Title: Managing Director

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

--------------------------------------------------------------------------------

Commitment:     Letter of Credit
Commitment:   $ 42,857,142.86      $ 0.00   

THE NORTHERN TRUST COMPANY, as an Extending Lender By:  

/s/ Keith Burson

Name: Keith Burson Title: Senior Vice President

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

--------------------------------------------------------------------------------

Commitment:     Letter of Credit
Commitment:   $ 146,785,714.29      $ 0.00   

GOLDMAN SACHS BANK USA,

as an Extending Lender

By:   /s/ Rebecca Kratz Name: Rebecca Kratz Title: Authorized Signatory

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

--------------------------------------------------------------------------------

Commitment:     Letter of Credit
Commitment:   $ 26,785,714.29      $ 0.00   

BMO HARRIS BANK N.A.,

as an Extending Lender

By:   /s/ Melissa Guzmann Name: Melissa Guzmann Title: Vice President

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

--------------------------------------------------------------------------------

Commitment:     Letter of Credit
Commitment:   $ 26,785,714.29      $ 0.00   

 

CANADIAN IMPERIAL BANK OF

COMMERCE – NEW YORK BRANCH,

as an Extending Lender

By:   /s/ William M. Reid  

 

Name: William M. Reid Title: Authorized Signatory By:   /s/ Trudy Nelson  

 

Name: Trudy Nelson Title: Authorized Signatory

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

--------------------------------------------------------------------------------

Commitment:     Letter of Credit
Commitment:   $ 26,785,714.29      $ 0.00   

 

THE BANK OF NOVA SCOTIA, as an Extending Lender By:   /s/ Mark Sparrow  

 

Name: Mark Sparrow Title: Director

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

--------------------------------------------------------------------------------

Commitment:     Letter of Credit
Commitment:   $ 26,785,714.29      $ 0.00   

 

TORONTO DOMINION (NEW YORK) LLC, as an Extending Lender By:   /s/ Savo Bozic  

 

Name: Savo Bozic Title: Authorized Signatory

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

--------------------------------------------------------------------------------

Commitment:     Letter of Credit
Commitment:   $ 25,000,000.00      $ 0.00   

 

EXPORT DEVELOPMENT CANADA, as a New Lender By:   /s/ Elaine Posthumus Name:
Elaine Posthumus Title: Senior Financing Manager By:   /s/ Brigitte Couture
Name: Brigitte Couture Title: Financing Manager

 

Total Commitments:     Total
Letter of Credit Commitments:   $ 2,500,000,000.00      $ 250,000,000.00   

 

Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement

and Commitment Increase Agreement

--------------------------------------------------------------------------------

Exhibit A

COVER PAGE

(See attached.)

--------------------------------------------------------------------------------

$2,500,000,000

AMENDED AND RESTATED CREDIT AGREEMENT

Dated as of November 1, 2013,

among

SPECTRA ENERGY PARTNERS, LP,

as Borrower,

THE INITIAL LENDERS AND INITIAL ISSUING BANKS NAMED HEREIN,

as Initial Lenders and Initial Issuing Banks,

CITIBANK, N.A.,

as Administrative Agent,

JPMORGAN CHASE BANK, N.A.,

and MIZUHO BANK, LTD.,

as Syndication Agents

and

BANK OF AMERICA, N.A.,

and WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Documentation Agents

JPMORGAN CHASE BANK, N.A.,

CITIGROUP GLOBAL MARKETS INC.,

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

MIZUHO BANK, LTD.

and WELLS FARGO SECURITIES, LLC,

as Joint Lead Arrangers and Joint Bookrunners