formofrestrictedshareuni






                                                                           SCHEDULE A                            FORM OF GRANT AGREEMENT               This agreement is entered into this _____day of _________________, 20_____,  between Fortis  Inc. (the  “Corporation”)  and __________________________________(the  “Participant”) pursuant  to  the 2020 restricted  share  unit  plan  (the “Plan”)  adopted  by  the  Corporation on January 1, 2020.               Pursuant to and in accordance with the Plan and in consideration of [Cdn.$1.00 /  US$1.00] and services rendered by such Participant to the Corporation, the Corporation agrees  to grant the following restricted share units (the “Restricted Share Units”) of the Corporation to  the Participant:                   Number of Restricted    Grant Date      Election Deadline     Vesting Date       Share Units                                                                                                                                           In addition to the terms set out in this agreement, the granting and redemption of  the Restricted Share Units are subject to the terms and conditions of the Plan, all of which are  incorporated into and form an integral part of this agreement.               This agreement shall be binding upon and enure to the benefit of the Corporation,  its successors and assigns and the Participant and the legal representatives of his or her estate  and any other person who acquires the Participant’s rights in respect of the Restricted Share Units  by testate succession or by the laws of descent and distribution.               By executing this agreement, the Participant confirms and acknowledges that he  or  she  has  been  provided  with  a  copy  of  the  Plan,  has  not  been  induced  to  enter  into  this  agreement  or  acquire  any  Restricted Share  Units  by  expectation  of  employment  or  continued  employment with the Corporation and is bound by all of the terms and conditions of this agreement  and the Plan applicable to the Restricted Share Units.               The Participant acknowledges and agrees that he or she will not be entitled to elect  to receive the Payout Amount under the Plan and shall receive a Payout Share for 50% of the  Vested Units covered by this agreement where the Participant does not satisfy his or her Share  Ownership Requirements on the Election Deadline for the Restricted Share Units covered by this  agreement (including any Restricted Share Units credited in respect of such Restricted Share  Units pursuant to Section 4.3 of the Plan). In certain other circumstances enumerated in the Plan,  the Participant may lose the right to elect to receive Payout Shares. Any election to receive Payout  Shares must be made in respect of 50% or 100% of the Restricted Share Units covered by this  agreement (including any Restricted Share Units credited in respect of such Restricted Share  Units pursuant to Section 4.3 of the Plan).     





 






                                     - 2 -               If  no  election is  provided  by an eligible Participant  in  writing  to the  Administrator on or before the Election Deadline, the Participant will be deemed to have  elected to receive the Payout Amount in respect of each Vested Unit.               Please indicate if you are a U.S. Taxpayer (as defined in the Plan) by checking the  box below:                                     U.S. Taxpayer   If you become a U.S. Taxpayer after the date of this agreement please contact your local Human  Resources Department.                      [Remainder of page intentionally left blank.]     





 






                                                       FORTIS INC.                                         by       Name: ◼       Title: ◼                                                        [Participant]