Document:

Exhibit

Portions of this Exhibit have been redacted pursuant to a request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act.  Omitted information marked “[***]” in this Exhibit has been filed with the Securities and Exchange Commission together with such request for confidential treatment.
Execution Version

SECOND AMENDMENT TO
SECOND AMENDED AND RESTATED 
LIMITED LIABILITY COMPANY AGREEMENT
OF
MOUNTAIN VALLEY PIPELINE, LLC

This SECOND AMENDMENT (this “Amendment”) TO SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (as amended, supplemented or otherwise modified from time to time, including by that certain First Amendment to Second Amended and Restated Limited Liability Company Agreement, dated January 21, 2016, the “Second A&R Agreement;” as modified by this Amendment, the “Agreement”) OF MOUNTAIN VALLEY PIPELINE, LLC, dated March 10, 2015, is adopted, executed and agreed to as of October 24, 2016 by MVP Holdco, LLC, a Delaware limited liability company (“EQT”), US Marcellus Gas Infrastructure, LLC, a Delaware limited liability company (“USG”), WGL Midstream, Inc., a Delaware corporation (“WGL”), VED NPI IV, LLC, a Delaware limited liability company (“Vega Carryco”), Vega Midstream MVP LLC, a Delaware limited liability company (“Vega”), and Mountain Valley Pipeline, LLC, a Delaware limited liability company (the “Company”). EQT, USG, WGL, Vega Carryco, Vega and the Company are sometimes referred to herein collectively as the “Parties,” and each, a “Party.”
RECITALS
WHEREAS, pursuant to that certain Equity Purchase Agreement dated as of October 3, 2016 by and among Vega, Vega Carryco, WGL and Vega Energy Partners, Ltd., a Texas limited partnership (the “Equity Purchase Agreement”), Vega shall Dispose of its Membership Interest to WGL [***] subject to the consent of the Founding Members set forth therein, which consent has been granted (the “Vega/WGL Disposition”);
WHEREAS, pursuant to Section 13.05 of the Second A&R Agreement, the Agreement may be amended by a written instrument executed by Supermajority Interest; provided, however, that any amendment or restatement that is materially adverse to any Member in a manner that is disproportionate to such Member’s interest (as compared to the interest of other Members) shall, if the affected Member is not a Founding Member, require the written consent or approval of a majority of all Members similarly adversely affected;
WHEREAS, in connection with the consummation of the Vega/WGL Disposition by the parties thereto, WGL, Vega and Vega Carryco, as the affected Members, and EQT and USG, the holders of a Supermajority Interest, and the Company desire to enter into this Amendment to revise certain distribution rights contained in Section 5.01 of the Second A&R Agreement; and
WHEREAS, capitalized terms used in this Amendment but not defined herein shall have the meanings ascribed to such terms in the Second A&R Agreement.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, WGL, Vega and Vega Carryco and EQT, USG, on behalf of themselves and the Members, and the Company agree as follows:

1

1.Amendments.  Contingent upon the consummation of the Closing (as defined in the Equity Purchase Agreement) and effective simultaneously therewith, the Second A&R Agreement shall be amended as described in clauses (a) and (b) below.
(a)    The Agreement shall be amended to delete all references to “Vega Midstream MVP LLC” and “Vega,” but, for the avoidance of doubt, not “Vega Carryco.”
(b)    The Agreement shall be amended to restate the definition of “Qualified Guarantor” as follows:
“Qualified Guarantor – means, with respect to a Member, such Member’s Parent or a subsidiary of such Member’s Parent, in each case, so long as such Person is Investment Grade.”
(c)    The Agreement shall be amended to delete the defined terms [***] and “Vega.”
(d)    The Agreement shall be amended to add the following defined terms in Section 1.01 of the Agreement:
[***] 
[***] 
(e)    The Agreement shall be amended to replace all references to [***] with [***] with the appropriate conjunction as the context may require.
(f)    The Agreement shall be amended to restate clauses (a) and (b) of Section 5.01 in their entirety as follows:
“(a)    prior to the occurrence of a Dissolution Event, [***]% to WGL and [***]% to Vega Carryco; and
(b)    upon and following the occurrence of a Dissolution Event:
(i)    first, [***]% to WGL until [***] and
(ii)     thereafter, [***]% to WGL and [***]% to Vega Carryco.”
(g)    The Agreement shall be amended to restate clause (d) of Section 5.05 in its entirety as follows:
“(d)    The Members’ proportionate share of the “excess nonrecourse liabilities,” within the meaning of the Treasury Regulation Section 1.752-3(a)(3), shall be allocated to the Members in proportion to their respective Sharing Ratios; provided, that WGL’s Sharing Ratio share of such “excess nonrecourse liabilities” shall be further allocated [***]% to Vega Carryco and [***]% to WGL. ”

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(h)    Exhibit A of the Agreement is hereby deleted and replaced with Exhibit A hereto.
2.    Limited Effect. Except as specified in this Amendment, all provisions, terms and conditions of the Agreement shall continue in full force and effect. 
3.    Governing Law.  The laws of the State of Delaware govern this Amendment, and this Amendment shall be construed in accordance therewith, regardless of its choice of law principles. Jurisdiction and venue for any proceeding relating to this Amendment shall be as set forth in the Agreement. 
4.    Representations and Warranties. The representations and warranties contained in Section 3.02(a) of the Second A&R Agreement are repeated by WGL, Vega and Vega Carryco and incorporated herein mutatis mutandis, with all references therein to the Second A&R Agreement referring instead to this Amendment. Without limiting the preceding sentence, each such Party hereby represents and warrants that (a) such Party is duly formed, validly existing, and in good standing under the Laws of the jurisdiction of its formation; (b) if required by applicable Law, such Party is duly qualified and in good standing in the jurisdiction of its principal place of business, if different from its jurisdiction of formation; and (c) such Party has the requisite power and authority to execute and deliver this Amendment and to perform its obligations hereunder, and all necessary actions by the board of directors, management committee, officers, managers, members, partners or other applicable Persons necessary for the due authorization, execution, delivery, and performance of this Amendment by such Party have been duly taken.     
5.    Counterparts.  This Amendment may be executed in any number of counterparts with the same effect as if all signing Parties had signed the same document. All counterparts shall be construed together and constitute the same instrument. A signature page to this Amendment or any other document prepared in connection with the transactions contemplated hereby which contains a copy of a Party’s signature and which is sent by such Party or its agent with the apparent intention (as reasonably evidenced by the actions of such Party or its agent) that it constitute such Party’s execution and delivery of this Amendment or such other document, including a document sent by facsimile transmission or by email in portable document format (pdf), shall have the same effect as if such Party had executed and delivered an original of this Amendment or such other document. Minor variations in the form of the signature page, including footers from earlier versions of this Amendment or any such other document, shall be disregarded in determining the Party’s intent or the effectiveness of such signature. 
[SIGNATURES APPEAR ON THE FOLLOWING PAGES]

3

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their duly authorized representatives as of the date first set forth above.
	
				
	 
	 

	

MOUNTAIN VALLEY PIPELINE, LLC

By: MVP Holdco, LLC
Its Member

By:     /s/ Donald M. Jenkins         
Name:  Donald M. Jenkins
        Title:    EVP

By: US Marcellus Gas Infrastructure, LLC
Its Member

By:     /s/ Matt Schafer         
Name:  Matt Schafer
Title:  Representative of US Marcellus Gas
        Infrastructure, LLC

MVP HOLDCO, LLC

	 
	 

	 
	 

	By:     /s/ Donald M. Jenkins         
	 
	 

	Name:  Donald M. Jenkins
	 
	 

	Title:    EVP
	 
	 

	 
	 
	 

	 
	 
	 
	 

	US MARCELLUS GAS INFRASTRUCTURE, LLC

By:     /s/ Matt Schafer         
Name:  Matt Schafer
Title:  Representative of US Marcellus Gas
        Infrastructure, LLC
	 

Signature Page to Second Amendment to
Second Amended and Restated Limited Liability Company Agreement of
Mountain Valley Pipeline, LLC

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their duly authorized representatives as of the date first set forth above.
	
		
	 
	 

	

WGL MIDSTREAM, INC.

By:     /s/ Terry McCallister         
Terry McCallister
Chairman of the Board
	 

Signature Page to Second Amendment to
Second Amended and Restated Limited Liability Company Agreement of
Mountain Valley Pipeline, LLC

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their duly authorized representatives as of the date first set forth above.
	
			
	 
	 

	VEGA MIDSTREAM MVP LLC

By:     /s/ David A. Modesett         
David A. Modesett 
President 

	 
	 

	VED NPI IV, LLC

By:     /s/ David A. Modesett         
David A. Modesett 
President   
	 
	 

Signature Page to Second Amendment to
Second Amended and Restated Limited Liability Company Agreement of
Mountain Valley Pipeline, LLC

EXHIBIT A
MEMBERS

	
				
	Name, Address, Fax and E-mail
	Sharing
Ratio
	Parent
	Representative and Alternate Representatives

	

MVP HOLDCO, LLC

EQT Plaza
625 Liberty Avenue
Pittsburgh, Pennsylvania 15222
Fax: (412) 553-7781
Attention: Blue Jenkins
   [***]
   David Gray
   [***]
   Sean McGinty
   [***]

with a copy to:

Baker Botts L.L.P.
98 San Jacinto Blvd., Suite 1500
Austin, Texas 78701
Fax: (512) 322-8349
Attn: Michael L. Bengtson
     [***]

	

45.5%
	

EQT Midstream Partners, LP
	

David Gray – Representative

Blue Jenkins – Alternate Representative

	

US MARCELLUS GAS INFRASTRUCTURE, LLC

601 Travis Street
Suite 1900
Houston, Texas 77002
Fax:  713.751.0375
Attention: Lawrence A. Wall, Jr.
   [***]
   Karina Amelang
   [***]

 
	

31%
	

NextEra Energy Capital Holdings, Inc.
	

TJ Tuscai, Chief Executive Officer – Representative

Lawrence A. Wall, Jr., President – Alternate Representative

	WGL MIDSTREAM, INC.

c/o WGL Holdings, Inc.
101 Constitution Avenue, N.W.
Washington, DC 20080
Fax: (202) 624-6655
Attn: Anthony M. Nee
         [***]
	10%
	WGL Holdings, Inc.
	N/A

    

	
				
	VEGA NPI IV, LLC

c/o Vega Energy Partners, Ltd.
3701 Kirby Dr., Suite 1290
Houston, Texas 77098
Fax: (713) 527-0850
Attn: David A. Modesett
         [***]

with a copy to:

Norton Rose Fulbright
1301 McKinney St., Suite 5100
Houston, TX 77010
Fax: (713) 651-5246
Attn: Ned Crady 
[***]

	0%
	Vega Energy Partners, Ltd.
	N/A

	RGC MIDSTREAM, LLC

519 Kimball Ave NE
Roanoke, Virginia 24016
Fax: (540) 777-2636
Attn: Paul Nester
         [***]

	1%
	RGC Resources, Inc.
	N/A

	CON EDISON GAS MIDSTREAM, LLC

4 Irving Place
New York, New York 10003
Fax: (917) 534-4476
Attn: Joseph Oates
        [***]
	12.5%
	Consolidated Edison, Inc.
	N/AExhibit

    

EXHIBIT 10.2

AMENDMENT No. 2 TO THE
BROADRIDGE EXECUTIVE RETIREMENT AND SAVINGS PLAN 

Pursuant to Section 12.2 of the Broadridge Executive Retirement and Savings Plan (the “Plan”), the Plan is hereby amended as follows, effective July 1, 2016 or as otherwise provided below:

1.    Section 1.18 – Effective November 18, 2016, the Plan is amended by substituting the following for Section 1.18 thereof:

“1.18    ‘Committee’ shall mean the Retirement Committee appointed by the Compensation Committee to administer the Plan in accordance with Article XIII.”

2.    Section 1.39 – Effective November 18, 2016, the Plan is amended by deleting Section 1.39 in its entirety, and all remaining Sections and internal cross-references are re-numbered accordingly.   

3.    Section 1.43 – Effective November 18, 2016, the Plan is amended by substituting the following for Section 1.43 thereof:

“1.43    'Trust’  shall mean one or more trusts established by the Company, acting through the Committee, in accordance with Article XV.”

		
	4.
	Section 3.7(b) – Section 3.7(b) of the Plan is amended by striking the word “A” and inserting the words “Except as otherwise provided in Supplement A of the Plan, a” in its place. 

		
	5.
	Section 3.7(c) – Section 3.7(c) of the Plan is amended by striking the word “A” and inserting the words “Except as otherwise provided in Supplement A of the Plan, a” in its place. 

6.    Section 12.2 – Effective November 18, 2016, the Plan is amended by substituting the following for Section 12.2 thereof:

“12.2    Amendment.
(a)    The Company, acting through the Compensation Committee, may, at any time, amend or modify the Plan in whole or in part.  In addition, the Plan may be amended by the Committee at any time provided that any such amendment is necessary (A) to bring the Plan into compliance with the Code or other applicable law, or (B) to make any other desired changes which do not result, when aggregated with any other 

DM_US 75998272-5.079650.0012 

    

amendments to the Plan made by the Committee during the immediately preceding fiscal year (ignoring inflation trends), in a more than ten percent (10%) increase (when compared to such immediately preceding fiscal year) in the cost of maintaining the Plan to the Company and all other Employers. Notwithstanding the foregoing, (i) no amendment or modification shall be effective to decrease the value of a Participant’s vested Account Balance in existence at the time the amendment or modification is made, and (ii) no amendment or modification of this Section 12.2 shall be effective. 
(b)    Notwithstanding Section 12.2(a) above, in the event that the Company, acting through the Committee, determines that any provision of the Plan may cause amounts deferred under the Plan to become immediately taxable to any Participant under Section 409A of the Code, the Company, acting through the Committee, may (i) adopt such amendments to the Plan and appropriate policies and procedures, including amendments and policies with retroactive effect, that it determines necessary or appropriate to preserve the intended tax treatment of the Plan benefits provided by the Plan and/or (ii) take such other actions as the  Company, acting through the Committee, determines necessary or appropriate to comply with the requirements of Section 409A of the Code to avoid the imputation of any tax, penalty or interest thereunder.”
7.    Section 13.1 – Effective November 18, 2016, the Plan is amended by substituting the following for Section 13.1 thereof:

“13.1    'Committee'  The Plan shall be administered by a Retirement Committee (“Committee”), which shall be appointed by the Compensation Committee. Members of the Committee may be Participants under the Plan.  The Committee shall have the discretion and authority to (a) make, amend, interpret, and enforce all appropriate rules and regulations for the administration of the Plan, (b) decide or resolve any and all questions, including benefit entitlement determinations and interpretations of the Plan, as may arise in connection with the Plan, including determinations regarding eligibility for benefits payable under the Plan, and (c) take any other actions necessary or appropriate to administer the Plan, including selecting and establishing Measurement Funds.  Any individual serving on the Committee who is a Participant shall not vote or act on any matter relating solely to himself or herself.  When making a determination or calculation, the Committee shall be entitled to rely on information furnished by a Participant or the Company.  The Committee may, in its sole discretion and from time to time, delegate any administrative or ministerial duties related to the Plan to any officers or staff of the Company.”

		
	8.
	Section 15.1 – Effective November 18, 2016, the Plan is amended by substituting the following for Section 15.1 thereof:

“15.1    'Establishment of the Trust.'  In order to provide assets from which to fulfill the obligations of the Participants and their Beneficiaries under the Plan, the Company, acting through the Committee, shall establish a trust by a trust agreement with 

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DM_US 75998272-5.079650.0012 

    

a third party, the Trustee (the “Trust”), and each Employer shall at least annually transfer over to the Trust such assets as the Employer determines, in its sole discretion, are necessary to provide, on a present value basis, for its respective future liabilities created with respect to the Annual Accounts for such Employer’s Participants (or such Participants’ Beneficiaries) for all periods prior to the transfer, as well as any debits and credits to such Participants’ Annual Accounts for all periods prior to the transfer, taking into consideration the value of the assets in the Trust at the time of the transfer.”

9.    Supplement A of the Plan – A new Supplement A is added to the Plan after Article XVI of the Plan to read as follows:

"Supplement A"

1.    Notwithstanding Section 3.7(b) and Section 3.7(c), any employer matches or contributions credited to the Participant with associate identification number 316591 shall vest only after this Participant completes two full years of service with the Company.  If such Participant was an active employee of another company (“predecessor”) immediately prior to the date that the predecessor was acquired by the Company, he or she shall not receive vesting service credit for the period of employment with the predecessor prior to the date of such acquisition unless he or she is employed by the Company on or after July 1, 2018.” 

This amendment is hereby adopted by the Retirement Committee this  8th day of December, 2016.

/s/Adam Glazner    
Adam Glazner
Sr. Director Benefits 

/s/Michael Liberatore    
Michael Liberatore 
President of ICS-Mutual Fund and Retirement Solutions

/s/Steve Rosenthal    
Steve Rosenthal
Treasurer

/s/Julie Taylor        
Julie Taylor
Chief Human Resources Officer

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DM_US 75998272-5.079650.0012

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