December 18, 2018

New Jersey Resources Corporation
1415 Wyckoff Rd.
Wall Township, NJ 07719
Attention: James Kent, Treasurer

Re: 4-Month $100,000,000 Revolving Line of Credit Facility from PNC Bank,
National Association to New Jersey Resources Corporation

Dear Mr. Kent:

We are pleased to inform you that PNC Bank, National Association (the “Bank”),
has approved your request for a loan as described in Section 1 below (the
“Loan”) to New Jersey Resources Corporation (the “Borrower”), subject to the
terms and conditions and in reliance upon the representations and warranties of
the Borrower set forth in this letter. We look forward to this opportunity to
help you meet the financing needs of your business. All the details regarding
your Loan are outlined in the following sections of this letter.

1. Loan and Use of Proceeds. The Loan governed by this letter is a committed
revolving line of credit under which the Borrower may request and the Bank,
subject to the terms and conditions of this Agreement, will make advances to the
Borrower from time to time until the Expiration Date, in an aggregate amount
outstanding at any time not to exceed $100,000,000 (the “Line of Credit”). The
“Expiration Date” shall have the meaning set forth in the Note (defined below).
The Borrower acknowledges and agrees that in no event will the Bank be under any
obligation to extend or renew the Line of Credit beyond the Expiration Date. In
no event shall the aggregate unpaid principal amount of advances under the Line
of Credit exceed the face amount of the Line of Credit. Establishment of the
Line of Credit is for the purpose of providing additional short-term liquidity
for the Borrower and advances under the Line of Credit will be used for working
capital or other general business purposes of the Borrower.

2. Note. Each advance under the Loan will be evidenced by a promissory note,
dated of even date herewith, in the principal face amount of $100,000,000,
executed by the Borrower in favor of the Bank (together with all renewals,
extensions, amendments and restatements thereof, collectively, the “Note”),
which sets forth the interest rate, repayment and other provisions of the
respective Loan. This letter (the “Letter Agreement”), the Note and the other
agreements and documents executed and/or delivered pursuant hereto, as each may
be amended, modified, extended or renewed from time to time, will constitute the
“Loan Documents.” Capitalized terms not defined herein shall have the meaning
ascribed to them in the Note.

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

New Jersey Resources Corporation
December 18, 2018
Page 2

3. Interest Rate. Interest on the unpaid balance of advances under the Loan will
be charged at the rates, and be payable on the dates and times, set forth in the
Note.

4. Representations and Warranties. To induce the Bank to extend the Loan and
upon the making of each advance to the Borrower under the Line of Credit, the
Borrower represents and warrants as follows:

(a) The Borrower is a corporation duly organized, validly existing and in good
standing under the laws of its jurisdiction of organization. The Borrower has
the lawful power to own or lease its properties and to engage in the business it
presently conducts or proposes to conduct. The Borrower is duly licensed or
qualified and in good standing in each jurisdiction where the failure to be so
licensed or qualified could reasonably be expected to result in a Material
Adverse Change.

(b) This Letter Agreement and the Note have been duly and validly executed and
delivered by the Borrower. This Letter Agreement and the Note constitute legal,
valid and binding obligations the Borrower, enforceable against the Borrower in
accordance with its terms, except to the extent that enforceability of any of
the Loan Documents may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting the enforceability of creditors'
rights generally or limiting the right of specific performance.

(c) Neither the execution and delivery of this Letter Agreement and the Note,
nor the consummation of the transactions herein or therein contemplated or
compliance with the terms and provisions hereof or thereof by the Borrower will
conflict with, constitute a default under or result in any breach of (i) the
terms and conditions of the certificate of incorporation, bylaws or other
organizational documents of the Borrower, or (ii) any Law or any material
agreement or instrument or order, writ, judgment, injunction or decree to which
the Borrower is a party or by which it is bound or to which it is subject, or
result in the creation or enforcement of any Lien, charge or encumbrance
whatsoever upon any property (now or hereafter acquired) of the Borrower (other
than any Liens that may be granted in favor of the Bank).

(d) No event has occurred and is continuing and no condition exists or will
exist after giving effect to the borrowings or other extensions of credit to be
made under or pursuant to this Letter Agreement and the Note which constitutes
an Event of Default or Potential Default.

(e) The Borrower is not in violation of (i) any term of its certificate of
incorporation, bylaws or other organizational documents or (ii) any material
agreement or instrument to which it is a party or by which it or any of its
properties may be subject or bound where such violation could reasonably be
expected to result in a Material Adverse Change.

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

New Jersey Resources Corporation
December 18, 2018
Page 3

5. Conditions to Advances. The Bank’s obligation to make any advance under any
Loan is subject to the conditions that as of the date of the advance (a) no
Event of Default or Potential Default shall have occurred and be continuing, (b)
the representations and warranties of the Borrower under the Loan Documents
shall be true on and as of the date of such advance with the same effect as
though such representations and warranties had been made on and as of such date
(except representations and warranties which expressly relate solely to an
earlier date or time, which representations and warranties shall be true and
correct on and as of the specific dates or times referred to therein), (c) the
making of the advance shall not contravene any Law applicable to the Borrower,
and (d) the Borrower shall have made a proper and timely request for such
advance as set forth herein and in the Note. In addition, the Bank’s commitment
to fund the initial advance on or after the date hereof under the Line of Credit
is subject to the satisfaction of the following conditions prior to or as of the
date hereof:

5.1 Authorization Documents. The Bank shall have received certified copies of
resolutions of the board of directors of the Borrower authorizing, to the
satisfaction of the Bank, this Letter Agreement and the Note, together with a
current incumbency certificate and a current good standing certificate from the
Borrower’s jurisdiction of organization with respect to the Borrower.

5.2 Receipt of Loan Documents. The Bank shall have received this Letter
Agreement, the Note and such other instruments and documents which the Bank may
have reasonably requested prior to the date hereof in connection with the
transactions provided for in this Letter Agreement and the Note, which shall
include an opinion of counsel in form and substance reasonably satisfactory to
the Bank.

6. Covenants. Unless compliance is waived in writing by the Bank, until
termination of the commitment for the Line of Credit and payment in full of the
Loan:

(a) The Borrower will promptly submit to the Bank the financial statements and
certifications set forth on Exhibit A attached hereto.

(b) The Borrower will notify the Bank in writing of the occurrence of any Event
of Default or Potential Default, and of any other event or occurrence as to
which the Borrower is required to provide notice to the administrative agent
and/or lenders party to the Credit Agreement.

(c) The Borrower shall pay to the Bank the commitment fees set forth on Exhibit
A attached hereto.

(d) If the Credit Agreement is terminated and repaid in full prior to the
Expiration Date, the Borrower shall, if so required by the Bank in its
discretion, also repay in full all obligations outstanding under this Letter
Agreement and the Note, and the Bank may, in its discretion, cancel the Line of
Credit and have no further obligation to lend or extend credit hereunder and
under the Note.

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

New Jersey Resources Corporation
December 18, 2018
Page 4

7. Fees; Expenses. The Bank agrees to pay its counsel fees incurred in
connection with the documentation and closing of the Loan through the date
hereof. Thereafter, the Borrower agrees to reimburse the Bank, on demand, for
all costs and expenses incurred by the Bank in connection with the preparation,
negotiation and delivery of this Letter Agreement and the other Loan Documents
after the date hereof, and any modifications or amendments thereto or renewals
thereof, and the collection of all of the obligations evidenced by the Note
(collectively, the “Obligations”), including, but not limited to, enforcement
actions, relating to the Loan, whether through judicial proceedings or
otherwise, or in defending or prosecuting any actions or proceedings arising out
of or relating to this Letter Agreement, including (i) reasonable fees and
expenses of counsel (which may include costs of in-house counsel); and (ii) all
costs related to conducting UCC, title and other public record searches. The
Borrower hereby authorizes and directs the Bank to charge Borrower's deposit
account(s) with the Bank for any and all such costs and expenses, as well as any
fees due hereunder.

8. [Intentionally Omitted]

9. Miscellaneous.

9.1 Notices. All notices, demands, requests, consents, approvals and other
communications required or permitted hereunder (“Notices”) must be in writing
(except as may be agreed otherwise above with respect to borrowing requests) or
as otherwise provided in this Letter Agreement) and will be effective upon
receipt. Notices may be given in any manner to which the parties may agree.
Without limiting the foregoing, first-class mail, postage-prepaid, facsimile
transmission and commercial courier service are hereby agreed to as acceptable
methods for giving Notices. In addition, the parties agree that Notices may be
sent electronically to any electronic address provided by a party from time to
time. Notices may be sent to the Borrower’s address as set forth above and to
the Bank at 155 East Broad Street, Columbus, OH 43215, Attention: Thomas E.
Redmond, Managing Director, or to such other address as any party may give to
the other for such purpose in accordance with this section.

9.2 Preservation of Rights. No delay or omission on the Bank’s part to exercise
any right or power arising hereunder will impair any such right or power or be
considered a waiver of any such right or power, nor will the Bank’s action or
inaction impair any such right or power. The Bank’s rights and remedies
hereunder are cumulative and not exclusive of any other rights or remedies which
the Bank may have under other agreements, at law or in equity.

9.3 Illegality. If any provision contained in this Letter Agreement should be
invalid, illegal or unenforceable in any respect, it shall not affect or impair
the validity, legality and enforceability of the remaining provisions of this
Letter Agreement.

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

New Jersey Resources Corporation
December 18, 2018
Page 5

9.4 Changes in Writing. No modification, amendment or waiver of, or consent to
any departure by the Borrower from, any provision of this Letter Agreement will
be effective unless made in a writing signed by the party to be charged, and
then such waiver or consent shall be effective only in the specific instance and
for the purpose for which given. Notwithstanding the foregoing, the Bank may
modify this Letter Agreement or any of the other Loan Documents for the purposes
of completing missing content or correcting erroneous content, without the need
for a written amendment, provided that the Bank shall send a copy of any such
modification to the Borrower (which notice may be given by electronic mail). No
notice to or demand on the Borrower will entitle the Borrower to any other or
further notice or demand in the same, similar or other circumstance.

9.5 Entire Agreement. This Letter Agreement, the Note and the other Loan
Documents constitute the entire agreement and supersede all other prior
agreements and understandings, both written and oral, between the parties with
respect to the subject matter hereof.

9.6 Counterparts. This Letter Agreement may be signed in any number of
counterpart copies and by the parties hereto on separate counterparts, but all
such copies shall constitute one and the same instrument. Delivery of an
executed counterpart of a signature page to this Letter Agreement by facsimile
transmission shall be effective as delivery of a manually executed counterpart.
Any party so executing this Letter Agreement by facsimile transmission shall
promptly deliver a manually executed counterpart, provided that any failure to
do so shall not affect the validity of the counterpart executed by facsimile
transmission.

9.7 Successors and Assigns. This Letter Agreement will be binding upon and inure
to the benefit of the Borrower and the Bank and their respective heirs,
executors, administrators, successors and assigns; provided, however, that the
Borrower may not assign this Letter Agreement in whole or in part without the
Bank’s prior written consent and the Bank at any time may assign this Letter
Agreement in whole or in part.

9.8 Interpretation. In this Letter Agreement, unless the Bank and the Borrower
otherwise agree in writing, the singular includes the plural and the plural the
singular; words importing any gender include the other genders; references to
statutes are to be construed as including all statutory provisions
consolidating, amending or replacing the statute referred to; the word “or”
shall be deemed to include “and/or”, the words “including”, “includes” and
“include” shall be deemed to be followed by the words “without limitation”;
references to articles, sections (or subdivisions of sections) or exhibits are
to those of this Letter Agreement; and references to agreements and other
contractual instruments shall be deemed to include all subsequent amendments and
other modifications to such instruments, but only to the extent such amendments
and other modifications are not prohibited by the terms of this Letter
Agreement. Section headings in this Letter Agreement are included for
convenience of reference only and shall not constitute a part of this Letter
Agreement for any other purpose. Unless otherwise specified in this Letter
Agreement, all accounting terms shall be interpreted and all accounting
determinations shall be made in accordance with GAAP and consistent with the
Credit Agreement. If this Letter Agreement is executed by more than one party as
Borrower, the obligations of such persons or entities will be joint and several.

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

New Jersey Resources Corporation
December 18, 2018
Page 6

9.9 No Consequential Damages, Etc. The Bank will not be responsible for any
damages, consequential, incidental, special, punitive or otherwise, that may be
incurred or alleged by any person or entity, including the Borrower , as a
result of this Letter Agreement, the other Loan Documents, the transactions
contemplated hereby or thereby, or the use of the proceeds of the Loan.

9.10 Assignments and Participations. At any time, without any notice to the
Borrower, the Bank may grant participations in, or, if there then exists an
Event of Default or if the Bank receives the Borrower’s prior written consent
(which consent will not be unreasonably withheld), sell, assign, transfer,
negotiate, or otherwise dispose of, all or any part of the Bank’s interest in
the Loan. The Borrower hereby authorizes the Bank to provide, without any notice
to the Borrower, any information concerning the Borrower, including information
pertaining to the Borrower’s financial condition, business operations or general
creditworthiness, to any assignee of or participant in or any prospective
assignee of or participant in all or any part of the Bank’s interest in the
Loan.

9.11 USA PATRIOT Act Notice. The Bank hereby notifies the Borrower that pursuant
to the requirements of the USA PATRIOT Act, the Bank is required to obtain,
verify and record information that identifies the Borrower, which information
includes the name and address of the Borrower and other information that will
allow the Bank to identify the Borrower in accordance with the USA PATRIOT Act.

9.12 Important Information about Phone Calls. By providing telephone number(s)
to the Bank, now or at any later time, the Borrower hereby authorizes the Bank
and its affiliates and designees to contact the Borrower regarding the
Borrower’s account(s) with the Bank or its affiliates, whether such accounts are
Borrower’s individual accounts or business accounts for which Borrower is a
contact, at such numbers using any means, including, but not limited to, placing
calls using an automated dialing system to cell, VoIP or other wireless phone
number, or by leaving prerecorded messages or sending text messages, even if
charges may be incurred for the calls or text messages. Borrower hereby consents
that any phone call with the Bank may be monitored or recorded by the Bank.

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

New Jersey Resources Corporation
December 18, 2018
Page 7

9.13 Confidentiality. In connection with the Obligations, this Letter Agreement
and the other Loan Documents, the Bank and the Borrower will be providing to
each other, whether orally, in writing or in electronic format, nonpublic,
confidential or proprietary information (collectively, “Confidential
Information”). Each of the Borrower and the Bank agrees (i) to hold the
Confidential Information of the other in confidence; and (ii) not to disclose or
permit any other person or entity access to the Confidential Information of the
other party, except for disclosure or access to (a) a party’s affiliates and its
or their employees, officers, directors, agents, representatives, (b) other
third parties that provide or may provide ancillary support relating to the
Obligations, this Letter Agreement and/or the other Loan Documents, or (c) to
its external or internal auditors or regulatory authorities. It is understood
and agreed that the obligation to protect such Confidential Information shall be
satisfied if the party receiving such Confidential Information utilizes the same
control (but no less than reasonable) as it does to avoid disclosure of its own
confidential and valuable information. It is also understood and agreed that no
information shall be within the protection of this Letter Agreement where such
information: (w) is or becomes publicly available through no fault of the party
to whom such Confidential Information has been disclosed; (x) is released by the
originating party to anyone without restriction; (y) is rightly obtained from
third parties who are not, to such receiving party's knowledge, under an
obligation of confidentiality; or (z) is required to be disclosed by subpoena or
similar process of applicable law or regulations.

For the purposes of this Letter Agreement, Confidential Information of a party
shall include, without limitation, any financial information, scientific or
technical information, design, process, procedure or improvement and all
concepts, documentation, reports, data, data formats, specifications, computer
software, source code, object code, user manuals, financial models, screen
displays and formats, software, databases, inventions, knowhow, showhow and
trade secrets, whether or not patentable or copyrightable, whether owned by a
party or any third party, together with all memoranda, analyses, compilations,
studies, notes, records, drawings, manuals or other documents or materials which
contain or otherwise reflect any of the foregoing information.

Each of the Borrower and the Bank agrees to return to the other or destroy all
Confidential Information of the other upon the termination of this Letter
Agreement; provided, however, each party may retain such limited information for
customary archival and audit purposes only for reference with respect to prior
dealings between the parties subject at all times to the continuing terms of
this Section.

Each of the Borrower and the Bank agrees not to use the other's name or logo in
any marketing, advertising or related materials, without the prior written
consent of the other party (except in the case of mandatory public filings).

9.14 Sharing Information with Affiliates of the Bank. The Borrower acknowledges
that from time to time other financial and banking services may be offered or
provided to the Borrower or one or more of its subsidiaries and/or affiliates
(in connection with this Letter Agreement or otherwise) by the Bank or by one or
more subsidiaries or affiliates of the Bank or of The PNC Financial Services
Group, Inc., and the Borrower hereby authorizes the Bank to share any
information delivered to the Bank by the Borrower and/or its subsidiaries and/or
affiliates pursuant to this Letter Agreement or any of the Loan Documents to any
subsidiary or affiliate of the Bank and/or The PNC Financial Services Group,
Inc., subject to any provisions of confidentiality in this Letter Agreement or
any other Loan Documents.

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

New Jersey Resources Corporation
December 18, 2018
Page 8

9.15 Electronic Signatures and Records. Notwithstanding any other provision
herein, the Borrower agrees that this Agreement, the Loan Documents, any
amendments thereto, and any other information, notice, signature card, agreement
or authorization related thereto (each, a “Communication”) may, at the Bank’s
option, be in the form of an electronic record. Any Communication may, at the
Bank’s option, be signed or executed using electronic signatures. For the
avoidance of doubt, the authorization under this paragraph may include, without
limitation, use or acceptance by the Bank of a manually signed paper
Communication which has been converted into electronic form (such as scanned
into PDF format) for transmission, delivery and/or retention.

9.16 Governing Law and Jurisdiction. This Letter Agreement has been delivered to
and accepted by the Bank and will be deemed to be made in the State of New
Jersey. THIS LETTER AGREEMENT WILL BE INTERPRETED AND THE RIGHTS AND LIABILITIES
OF THE BANK AND THE BORROWER DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW JERSEY, EXCLUDING ITS CONFLICT OF LAWS RULES, INCLUDING WITHOUT
LIMITATION THE ELECTRONIC TRANSACTIONS ACT (OR EQUIVALENT) IN EFFECT IN THE
STATE OF NEW JERSEY OR, TO THE EXTENT CONTROLLING, THE LAWS OF THE UNITED STATES
OF AMERICA, INCLUDING WITHOUT LIMITATION THE ELECTRONIC SIGNATURES IN GLOBAL AND
NATIONAL COMMERCE ACT). The Borrower hereby irrevocably consents to the
exclusive jurisdiction of any state or federal court in the county or judicial
district in New Jersey; provided that nothing contained in this Letter Agreement
will prevent the Bank from bringing any action, enforcing any award or judgment
or exercising any rights against the Borrower individually, against any security
or against any property of the Borrower within any other county, state or other
foreign or domestic jurisdiction. The Bank and the Borrower agree that the venue
provided above is the most convenient forum for both the Bank and the Borrower.
The Borrower waives any objection to venue and any objection based on a more
convenient forum in any action instituted under this Letter Agreement.

9.17 WAIVER OF JURY TRIAL. EACH OF THE BORROWER AND THE BANK IRREVOCABLY WAIVES
ANY AND ALL RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
CLAIM OF ANY NATURE RELATING TO THIS LETTER AGREEMENT, ANY DOCUMENTS EXECUTED IN
CONNECTION WITH THIS LETTER AGREEMENT OR ANY TRANSACTION CONTEMPLATED IN ANY OF
SUCH DOCUMENTS. THE BORROWER AND THE BANK ACKNOWLEDGE THAT THE FOREGOING WAIVER
IS KNOWING AND VOLUNTARY.

[remainder of page intentionally left blank]

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

New Jersey Resources Corporation
December 18, 2018
Page 9

To accept these terms, please sign the enclosed copy of this Letter Agreement
below and return it to the Bank, along with the Note and other documents and
certificates required under Section 5 of this Letter Agreement, prior to
December 31, 2018, or this Letter Agreement and the Note may be terminated at
the Bank’s option without liability or further obligation of the Bank.

Thank you for giving PNC Bank this opportunity to work with your business. We
look forward to other ways in which we may be of service.

Very truly yours,

PNC BANK, NATIONAL ASSOCIATION

By:   /s/ Thomas E. Redmond   Thomas E. Redmond, Managing Director

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

New Jersey Resources Corporation
December 18, 2018
Page 10

ACCEPTANCE

With the intent to be legally bound hereby, the above terms and conditions are
hereby agreed to and accepted as of this 18th day of December, 2018.

BORROWER:   NEW JERSEY RESOURCES CORPORATION       By: /s/ James W. Kent        
Print Name:   James W. Kent   Title: Treasurer  

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

New Jersey Resources Corporation
December 18, 2018
Page 11

EXHIBIT A
TO LETTER AGREEMENT
DATED DECEMBER 18, 2018

A. FINANCIAL REPORTING COVENANTS: The Borrower shall deliver or shall cause to
be delivered to the Bank, the following:

(a) As soon as available and in any event within forty-five (45) calendar days
after the end of each of the first three fiscal quarters in each fiscal year (or
such earlier or later date, from time to time established by the United States
Securities and Exchange Commission (“SEC”) in accordance with the Securities
Exchange Act of 1934, as amended, or within fifty (50) days in the event the
Borrower shall file its Form 10-Q within the extension period pursuant to Rule
12b-25 of the Securities Exchange Act of 1934, as amended), financial statements
of the Borrower, consisting of a consolidated and consolidating balance sheet as
of the end of such fiscal quarter and related consolidated and consolidating
statements of income, stockholders' equity and cash flows for the fiscal quarter
then ended and the fiscal year through that date, all in reasonable detail and
certified (subject to normal year-end audit adjustments) by the Chief Executive
Officer, President or Chief Financial Officer of the Borrower as having been
prepared in accordance with GAAP, consistently applied, and setting forth in
comparative form the respective financial statements for the corresponding date
and period in the previous fiscal year. The Borrower will be deemed to have
complied with the delivery requirements of this Section if within forty-five
(45) days after the end of their fiscal quarter (or such earlier or later date,
from time to time established by the SEC in accordance with the Securities
Exchange Act of 1934, as amended, or within fifty (50) days in the event the
Borrower shall file its Form 10-Q within the extension period pursuant to Rule
12b¬25 of the Securities Exchange Act of 1934, as amended), the Borrower
delivers to the Bank a copy of its Form 10-Q as filed with the SEC and the
financial statements contained therein meet the requirements described in this
Section. The Borrower is not required to deliver duplicate copies of the above
financial statements.

(b) As soon as available and in any event within ninety (90) days after the end
of each fiscal year of the Borrower (or such earlier or later date, from time to
time established by the SEC in accordance with the Securities Exchange Act of
1934, as amended, or within one hundred five (105) days in the event the
Borrower shall file its Annual Report on Form 10-K within the extension period
pursuant to Rule 12b-25 of the Securities Exchange Act of 1934, as amended),
financial statements of the Borrower consisting of a consolidated balance sheet
as of the end of such fiscal year, and related consolidated statements of
income, stockholders' equity and cash flows for the fiscal year then ended, all
in reasonable detail and setting forth in comparative form the financial
statements as of the end of and for the preceding fiscal year, and certified by
independent certified public accountants of nationally recognized standing
satisfactory to the Bank. The certificate or report of accountants shall be free
of qualifications (other than any consistency qualification that may result from
a change in the method used to prepare the financial statements as to which such
accountants concur) and shall not indicate the occurrence or existence of any
event, condition or contingency which would materially impair the prospect of
payment or performance of any covenant, agreement or duty of the Borrower under
any of the Loan Documents. The Borrower will be deemed to have complied with the
delivery requirements of this Section if within ninety (90) days (or one hundred
five (105) days, if applicable) after the end of their fiscal year (or such
earlier or later date, from time to time established by the SEC in accordance
with the Securities Exchange Act of 1934, as amended), the Borrower delivers to
the Bank a copy of its Annual Report on Form 10-K as filed with the SEC and the
financial statements and certification of public accountants contained therein
meet the requirements described in this Section. The Borrower is not required to
deliver duplicate copies of the above financial statements.

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

New Jersey Resources Corporation
December 18, 2018
Page 12

(c) Concurrently with the financial statements of the Borrower furnished to the
Bank as stated above, a certificate (each a "Compliance Certificate") of the
Borrower signed by the Chief Executive Officer, Chief Financial Officer or
Treasurer of the Borrower in the form of (and without duplication of) Exhibit
8.3.3 to the Credit Agreement.

B. UNUSED COMMITMENT FEE:

Accruing from the date hereof until the Expiration Date, the Borrower agrees to
pay to the Bank, as consideration for its commitment hereunder, a nonrefundable
commitment fee (the “Commitment Fee”) equal to the Applicable Commitment Fee
Rate (computed on the basis of a year of 365 or 366 days, as the case may be,
and actual days elapsed) multiplied by the average daily difference between (i)
the maximum principal amount of the Line of Credit, and (ii) the aggregate
amount of outstanding advances under the Loan. All Commitment Fees shall be
payable quarterly in arrears on the first day of each calendar quarter occurring
after the date hereof and prior to the Expiration Date, and on the Expiration
Date or upon acceleration of the Loan.

For purposes hereof, the Applicable Commitment Fee Rate will be determined as
follows:

Debt Rating Applicable Commitment Fee Rate       A or above .075% or A2 or above
A- or above but less .100% than A or A3 or above but less than A2 BBB+ or above
but .150% less than A- or Baa1 or above but less than A3 BBB or lower .200% or
Baa2 or lower

The Borrower’s “Debt Rating” shall be determined as set forth in the Credit
Agreement.

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