Document:

EX-10.9

 Exhibit 10.9 

Non-Employee Directors’ Compensation for 2014 
 At
its regularly scheduled meeting on December 5, 2013, the Board of Directors of Aqua America, Inc., upon the recommendation of its Executive Compensation Committee, approved the following directors’ compensation for 2014 for the
non-employee directors of Aqua America, Inc.: (1) an annual cash retainer of $45,000; (2) an annual cash retainer for the Chair of the Executive Compensation Committee of $10,000; (3) an annual cash retainer for the Chair of the Audit
Committee of $10,000; (4) an annual cash retainer for the Chair of the Corporate Governance Committee, who also serves as the lead independent directors, of $10,000; (5) a meeting fee of $2,000 for each meeting of the Board of Directors;
(5) a meeting fee of $1,500 per meeting for meetings of the Board Committees; and (6) an annual stock grant to directors of $50,000, rounded to the nearest 100 shares payable on the first of the month following the Annual Meeting of
Shareholders. All directors are reimbursed for reasonable expenses incurred in connection with attendance at Board or Committee meetings.EX-10.34

 Exhibit 10.34 

THIRD AMENDMENT TO CREDIT AGREEMENT 

THIS THIRD AMENDMENT TO CREDIT AGREEMENT is made as of this 25th day of November, 2013,
by and among AQUA PENNSYLVANIA, INC., a Pennsylvania corporation (“Borrower”), the several banks which are parties to this Agreement (each a “Bank” and collectively, “Banks”) and PNC BANK, NATIONAL ASSOCIATION in its
capacity as agent for Banks (in such capacity, “Agent”). 
 BACKGROUND 

A. Borrower, Agent and Banks are parties to a Credit Agreement, dated as of November 30, 2010 (as heretofore amended, supplemented or
otherwise modified, the “Credit Agreement”), pursuant to which Banks agreed to make revolving credit loans to Borrower in an aggregate outstanding amount of up to $100,000,000 (the “Loans”). The Loans are evidenced by
Borrower’s Revolving Credit Notes in the aggregate principal face amount of $100,000,000 (the “Notes”). 
 B. Borrower, Agent
and Banks desire to extend the Termination Date of the facility and modify certain other provisions of the Credit Agreement, all on the terms and subject to the conditions herein set forth. 

NOW THEREFORE, the parties hereto, intending to be legally bound hereby, agree as follows: 

AGREEMENT 
 1.
Terms. Capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Credit Agreement. 

2. Amendments to Credit Agreement. Effective on November 25, 2013 (the “Effective Date”) the Credit Agreement is hereby
amended as follows: 
 (a) The definition of “Compliance Authority” is hereby deleted. 

(b) The definitions of “Anti-Terrorism Law”, “Covered Entity”, “Law”, “Reportable
Compliance Event”, “Sanctioned Country”, “Sanctioned Person” and “Termination Date” in Section 1.1 are each hereby amended and restated to read in full as follows: 

“Anti-Terrorism Laws”: any Laws relating to terrorism, trade sanctions programs and embargoes, import/export licensing, money
laundering or bribery, and any regulation, order, or directive promulgated, issued or enforced pursuant to such Laws, all as amended, supplemented or replaced from time to time. 

 “Covered Entity”: (a) the Borrower, each of the Borrower’s
Subsidiaries and all Guarantors and (b) each Person that, directly or indirectly, is in control of a Person described in clause (a) above. For purposes of this definition, control of a Person shall mean the direct or indirect
(x) ownership of, or power to vote, 25% or more of the issued and outstanding equity interests having ordinary voting power for the election of directors of such Person or other Persons performing similar functions for such Person, or
(y) power to direct or cause the direction of the management and policies of such Person whether by ownership of equity interests, contract or otherwise. 

“Law”: any law(s) (including common law), constitution, statute, treaty, regulation, rule, ordinance, opinion, issued
guidance, release, ruling, order, executive order, injunction, writ, decree, bond, judgment, authorization or approval, lien or award of or any settlement arrangement, by agreement, consent or otherwise, with any Governmental Body, foreign or
domestic. 
 “Reportable Compliance Event”: any Covered Entity becomes a Sanctioned Person, or is charged by indictment,
criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is
reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law. 
 “Sanctioned
Country”: a country subject to a sanctions program maintained under any Anti-Terrorism Law. 
 “Sanctioned Person”:
any individual person, group, regime, entity or thing listed or otherwise recognized as a specially designated, prohibited, sanctioned or debarred person, group, regime, entity or thing, or subject to any limitations or prohibitions (including but
not limited to the blocking of property or rejection of transactions), under any Anti-Terrorism Law. 
 “Termination Date”:
the earlier of (a) November 24, 2014 or any later date to which the Termination Date shall have been extended pursuant to subsection 2.8(d) hereof and (b) the date the Commitments are terminated as provided herein. 

(c) Section 2.6(b) is hereby amended by deleting the reference to “seventy (70) basis points (0.70%)” and substituting
therefor “sixty-five (65) basis points (0.65%).” 

  
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 (d) Section 3.21 is hereby amended and restated to read in full as follows: 

“3.21 Anti-Money Laundering/International Trade Law Compliance. No Covered Entity is a Sanctioned Person. No Covered Entity, either
in its own right or through any third party, (a) has any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (b) does business in or with, or derives
any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law; or (c) engages in any dealings or transactions prohibited by any Anti-Terrorism Law. 

(e) Section 5.12 is hereby amended and restated to read in full as follows: 

“5.12 Anti-Money Laundering International Trade Law Compliance. No Covered Entity will become a Sanctioned Person. No Covered
Entity, either in its own right or through any third party, will (a) have any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (b) do business in
or with, or derive any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law; (c) engage in any dealings or transactions prohibited by any Anti-Terrorism Law
or (d) use the Loans to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law. The funds used to repay the Loans will not be
derived from any unlawful activity. Each Covered Entity shall comply with all Anti-Terrorism Laws. 
 (f) Section 7.1(c) is hereby
amended and restated to read in full as follows: 
 “(c) The Borrower shall default in the observance or performance of any agreement
contained in Section 5.12 or in Section 6 or any representation or warranty contained in Section 3.21 is or becomes false or misleading at any time.” 

3. Loan Documents. Except where the context clearly requires otherwise, all references to the Credit Agreement in any of the Loan
Documents or any other document delivered to Banks or Agent in connection therewith shall be to the Credit Agreement as amended by this Agreement. 

4. Borrower’s Ratification. Borrower agrees that it has no defenses or set-offs against Banks or Agent or their respective
officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force
and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement
does not in any way diminish or invalidate any of its obligations thereunder. 

  
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 5. Representations and Warranties. Borrower hereby represents and warrants to Agent and
Banks that: 
 (a) The representations and warranties made in the Credit Agreement are true and correct in all material respects as of the
date hereof; provided, however, that for purposes of the representations in Section 3.1 thereof, the annual and quarterly financial information referred to in such Section shall be deemed to be the most recent such information furnished to each
Bank; 
 (b) No Default or Event of Default under the Credit Agreement exists on the date hereof; and 

(c) This Agreement has been duly authorized, executed and delivered so as to constitute the legal, valid and binding obligations of Borrower,
enforceable in accordance with their respective terms. 
 All of the above representations and warranties shall survive the making of this
Agreement. 
 6. Conditions Precedent. The effectiveness of the amendments set forth herein is subject to the fulfillment, to the
satisfaction of Agent and its counsel, of the following conditions precedent on or before the Effective Date: 
 (a) Borrower shall have
delivered to Agent, with copies or counterparts for each Bank as appropriate, the following, all of which shall be in form and substance satisfactory to Agent and shall be duly completed and executed: 

 

	 	(i)	This Agreement; 

  

	 	(ii)	Copies, certified by the Secretary or an Assistant Secretary of Borrower of resolutions of the board of directors of Borrower in effect on the date hereof authorizing the execution, delivery and performance of this
Agreement and the other documents and transactions contemplated hereby; 

  

	 	(iii)	Copies, certified by its corporate secretary of the articles of incorporation, certificate of formation, and by-laws of Borrower as in effect, or a certificate stating that there have been no changes to any such
documents since the most recent date, true and correct copies thereof were delivered to Agent; and 

  
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	 	(iv)	Such additional documents, certificates and information as Agent or Banks may require pursuant to the terms hereof or otherwise reasonably request. 

(b) After giving effect to this Amendment, the representations and warranties set forth in the Credit Agreement shall be true and correct in
all material respects on and as of the date hereof. 
 (c) No Default or Event of Default shall have occurred and be continuing as of the
date hereof. 
 (d) Borrower shall have paid to Agent for the benefit of Banks an additional fee of $75,000 to be distributed to Banks pro
rata in accordance with their Commitments. 
 7. Miscellaneous. 

(a) All terms, conditions, provisions and covenants in the Loan Documents and all other documents delivered to Agent and Banks in connection
therewith shall remain unaltered and in full force and effect except as modified or amended hereby. To the extent that any term or provision of this Agreement is or may be deemed expressly inconsistent with any term or provision in any Loan Document
or any other document executed in connection therewith, the terms and provisions hereof shall control. 
 (b) The execution, delivery and
effectiveness of this Agreement shall neither operate as a waiver of any right, power or remedy of Agent or Banks under any of the Loan Documents nor constitute a waiver of any Default or Event of Default thereunder. 

(c) In consideration of Agent’s and Banks’ agreement to amend the existing credit facility, Borrower hereby waives and releases
Agent and Banks and their respective officers, attorneys, agents and employees from any liability, suit, damage, claim, loss or expense of any kind or failure whatsoever and howsoever arising that it ever had up until, or has as of, the date of this
Agreement. 
 (d) This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes
all prior and contemporaneous understandings and agreements. 
 (e) In the event any provisions of this Agreement shall be held invalid or
unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. 

(f) This Agreement shall be governed by and construed according to the laws of the Commonwealth of Pennsylvania. 

  
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 (g) This Agreement shall inure to the benefit of, and be binding upon, the parties hereto and
their respective successors and assigns and may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

(h) The headings used in this Agreement are for convenience of reference only, do not form a part of this Agreement and shall not affect in
any way the meaning or interpretation of this Agreement. 

  
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 IN WITNESS WHEREOF, Borrower, Agent and Banks have caused this Agreement to be executed by their
duly authorized officers as of the date first above written. 
  

			
	AQUA PENNSYLVANIA, INC.
		
	By:	 	 /s/ Diana Moy Kelly

		 	Title: Treasurer
	
	PNC BANK, NATIONAL ASSOCIATION, as a
Bank and as Agent
		
	By:	 	 /s/ Meredith Jermann

		 	Title: VP
	
	TD BANK, N.A.
		
	By:	 	 /s/ John Callaghan

		 	Title: VP
	
	CITIZENS BANK OF PENNSYLVANIA
		
	By:	 	 /s/ Leslie Broderick

		 	Title: SVP
	
	THE HUNTINGTON NATIONAL BANK
		
	By:	 	 /s/ Michael Kiss

		 	Title: VP

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