Document:

Exhibit 10.5
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EXECUTION VERSION
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ACCOMMODATION AND SUPPORT AGREEMENT
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THIS AGREEMENT made as of the 18th day of March, 2021
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B E T W E E N:
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JUST ENERGY ONTARIO L.P., an Ontario limited partnership as Canadian borrower (the “Canadian Borrower”)
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- and -
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JUST ENERGY (U.S.) CORP., a Delaware corporation as US borrower (the “US Borrower” and together with the Canadian Borrower, the “Borrowers”)
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- and -
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JUST ENERGY GROUP INC. (“JustEnergy”) and EACH OF THE OTHER OBLIGORS PARTY HERETO
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- and -
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NATIONAL BANK OF CANADA, as administrative agent (the “Agent”)
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- and -
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THE FINANCIAL INSTITUTIONS SIGNATORY HERETO, as lenders (the “Lenders”).
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WHEREAS the Borrowers, the Agent and the Lenders are parties to a ninth amended and restated credit agreement dated as of September 28, 2020 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”);
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AND WHEREAS JustEnergy, the Borrowers and the other Obligors applied and received on March 9, 2021 (the “Filing Date”) an initial order (as amended, restated, supplemented or otherwise modified from time to time, the “Initial Order”) from the Ontario Court of Justice (Commercial List) (the “Canadian Court”) granting protection to JustEnergy, the Borrowers and the other Obligors under the Companies’ Creditors Arrangement Act (“CCAA”; and the proceedings of the Obligors thereunder, the “CCAA Proceedings”);
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AND WHEREAS on the Filing Date, JustEnergy, the Borrowers and the other Obligors commenced ancillary insolvency proceedings under Chapter 15 of title 11 of the United States Code (the “Chapter 15 Proceedings”) in the United States Bankruptcy Court for the Southern District of Texas (the “US Court” and together with the Canadian Court, the “Courts”) and obtained a recognition order to, among other things, recognize the CCAA Proceedings and obtain a recognition order in respect of the Initial Order (the “Recognition Order” and together with the Initial Order, the “Court Orders”);
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AND WHEREAS JustEnergy and the Borrowers have requested that, notwithstanding the commencement of the CCAA Proceedings and the Chapter 15 Proceedings, which constitutes an Event of Default under the Credit Agreement and the occurrence of any other Event of Default that existed prior to the Filing Date (collectively, the “Existing Defaults”), the Lenders continue to make the Revolving Facilities available to the Borrowers by way of issuance of Letters of Credit only during the Accommodation Period (as defined below), in order that JustEnergy, the Borrowers and their Subsidiaries may continue to operate their respective Businesses during the pendency of the CCAA Proceedings and the Chapter 15 Proceedings;
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AND WHEREAS the Lenders are agreeable to providing the consents and accommodations requested by JustEnergy and the Borrowers subject to and in accordance with the terms and protections contained in this Agreement.
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NOW THEREFORE for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
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Section 1 Interpretation
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		(a)
	Capitalized terms used herein (including the recitals) and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement.

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		(b)
	The headings in this Agreement are for reference only and shall not affect the meaning or interpretation of this Agreement. Unless the context otherwise requires, words importing the singular shall include the plural and vice versa and words importing any gender shall include all genders.

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(c)In this Agreement:
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		(i)
	“Accommodation Period” means the period commencing on the Filing Date and ending on the earliest of: (A) the effective date of a Termination Notice (as defined below) pursuant to this Agreement; (B) the CCAA Implementation Date; (C) the expiry of the Stay; (D) the termination of the CCAA Proceedings and/or the Chapter 15 Proceedings; and (E) the Obligor Termination Date.

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		(ii)
	“Bankruptcy Code” means title 11 of the United States Code, 11 U.S.C. §§ 101–1532, as amended.

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		(iii)
	“BP” means, collectively, BP Energy Company and its applicable affiliates and subsidiaries.

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		(iv)
	“Cash Management Arrangements” means any and all agreements and arrangements evidencing or in respect of treasury facilities and cash management products (including, for greater certainty, all pre-authorized debit banking services, electronic funds transfer services, overdraft balances, corporate credit cards, merchant services and pre-authorized debits).

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(v)“Cash Management Bank” has the meaning provided for in the Initial Order.
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(vi)“Cash Management Obligations” has the meaning provided for in the Initial Order.
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(vii)“CCAA Implementation Date” means the date on which the CCAA Plan is implemented or becomes effective or, in the alternative, a transaction for the sale of all or substantially all of the assets of JustEnergy is completed.
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(viii)“CCAA Plan” means a plan of compromise and arrangement proposed or filed with the Canadian Court in the CCAA Proceedings, as approved by the Canadian Court.
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(ix)“CCAA Order” means any Order of the Court made in connection with the CCAA Proceedings and “CCAA Orders” means more than one CCAA Order.
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(x)“Consultant” means Alvarez & Marsal Canada Inc.
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(xi)“DIP Facility” means the first lien super-priority debtor-in-possession delayed-draw term loan facility in an initial principal amount of US$125,000,000 established by the DIP Lenders in favour of the Borrowers pursuant to the DIP Term Sheet.
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(xii)“DIP Lenders” means, collectively, the lenders under the DIP Facility and shall include the administrative and collateral agents thereunder.
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(xiii)“DIP Term Sheet” means that that certain term CCAA interim debtor-in-possession financing term sheet dated as of March 9, 2021 and approved by the Canadian Court on the same date (as amended, restated, amended and restated, supplemented or otherwise modified from time to time), pursuant to which the DIP Lenders agreed to provide the DIP Facility.
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(xiv)“Drawdown Conditions” means the following conditions precedent for any Drawdown of a Letter of Credit under a Revolving Facility:
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		(A)
	the Agent, the Canadian Issuing Lender and/or the US Issuing Lender, as applicable, will have received a Drawdown Notice by the deadline and within the notice period required under Section 2.10(2) of the Credit Agreement; provided, that no certifications regarding the representations and warranties in the Credit Agreement, any Pending Event of Default or existing Event of Default, or the fulfillment of the conditions precedent in Section 3.02 the Credit Agreement shall be required in such Drawdown Notice;

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		(B)
	upon giving effect to the Drawdown and to any repayment to occur in connection therewith, the sum of the principal amount of the face amount of all Letters of Credit outstanding under the Revolving Facilities on the Drawdown Date shall not exceed the Letters of Credit Exposure Cap;

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(C)if, after giving effect to the Drawdown and to any repayment to occur in connection therewith, the face amount of Letters of Credit outstanding under the Revolving Facilities on the Drawdown Date would exceed the Letters of Credit Exposure Cap as at the date of such Drawdown (the amount of such excess, the “Excess Amount”) then the Borrowers will make a payment to the Agent as a repayment of the Advances, at least 1 Business Day before the requested Letter of Credit is scheduled to be issued, in an amount equal to the Excess Amount (the “Cash Paydown Amount”);
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(D)the conditions for any requests for issuance of Letters of Credit contained in the Credit Agreement are satisfied (other than any conditions requiring the absence of a Pending Event of Default or Event of Default or the accuracy of representations and warranties in the Credit Agreement); provided, that the condition to provide a Drawdown Notice pursuant to Section 2.10(2) of the Credit Agreement shall be deemed satisfied upon delivery of a Drawdown Notice as described in clause (A) above;
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(E)each Letter of Credit requested to be issued, renewed or amended, as the case may be, shall be in form and substance reasonably satisfactory to the applicable Canadian Issuing Lender and the applicable US Issuing Lender, as applicable;
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(F)a Letter of Credit requested to be issued shall not be used as collateral for obligations of the Obligors incurred or existing prior to the Filing Date, without the prior written consent of the Monitor in consultation with the Agent;
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(G)the Accommodation Period shall not have been terminated or expired;
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(H)the representations and warranties set forth in Schedule A continue to be true and correct in all material respects (provided that, any such representations and warranties that are already qualified by materiality shall be true and correct in all respects) and the Borrowers will certify the same in the related Drawdown Notice; and
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(I)no Termination Event has occurred and is continuing on the Drawdown Date or would result from making the requested issuance, renewal or amendment of a Letter of Credit and the Borrowers will certify the same in the related Drawdown Notice.
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(xv)“ERCOT” means Electric Reliability Council of Texas, Inc.
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(xvi)“Interested Creditors” means, collectively, all creditors of the Obligors holding a pecuniary interest in either the CCAA Proceedings or the Chapter
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15Proceedings.
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(xvii)“ISO” means an independent system operator that coordinates, controls and monitors the operation of the electric power system in a jurisdiction and includes, without limitation, ERCOT.
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(xviii)“Letters of Credit Exposure Cap” means, at any time, the lesser of:
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(A)the sum of:
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		(a)
	Cdn.$46,130,000, which equals the face amount of the Letters of Credit issued under the Revolving Facilities existing on the Filing Date, plus

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		(b)
	the aggregate of any Cash Paydown Amount paid by the Borrowers pursuant to Section 1(c)(xiv)(C) (excluding any Cash Paydown Amounts previously returned to the Borrowers as an Advance pursuant to Section 3(e)), less

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		(c)
	the aggregate amount of any Permanent Letter of Credit Reduction; and

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(B)Cdn.$125,000,000.
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(xix)“Monitor” means FTI Consulting Canada Inc., as the monitor of the CCAA Proceedings.
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(xx)“Obligor Termination Date” means the date on which the Canadian Court authorizes the Obligors to terminate the Accommodation Period, in response to the Obligors’ application to the Canadian Court to do so following delivery of the Obligor Termination Notice; provided, that the Obligors shall not commence such application to the Canadian Court unless any material default(s) described in the Obligor Termination Notice have not been cured by the Lenders within seven (7) days of the delivery of the Obligor Termination Notice to the Agent (provided that, for certainty, the Lenders shall have the right to cure any such material default at any time following such application and prior to any determination thereof by the Canadian Court); provided, further, that substantially simultaneously with the Obligors’ application to the Court to terminate the Accommodation Period, the Obligors shall send a copy of such application to the Agent.
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(xxi)“Obligor Termination Notice” means a written notice delivered to the Agent by the Obligors, with the consent of the Monitor, describing in reasonable detail the Lenders’ material breach(es) of this Agreement.
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(xxii)“Permanent Letter of Credit Reduction” means the amount of any Letter of Credit that was outstanding as of the Filing Date that is released or otherwise cancelled prior to its term as a result of the termination or satisfaction in full of the obligations of the applicable Obligor to the beneficiary of such Letter of Credit.
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(xxiii)“Shell” means, collectively, Shell Energy North America (Canada) Inc. and its applicable affiliates and subsidiaries.
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(xxiv)“Shell Support Agreement” means the support agreement between Shell and the applicable Obligors entered into as of the Filing Date, as may be amended or modified from time to time.
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(xxv)“Stay” means the stay of proceedings provided for in the Initial Order (and recognized by the Recognition Order, together with any further stay of proceedings imposed by the Recognition Order), as may be extended pursuant to an order of the Canadian Court or US Court (as applicable).
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(xxvi)“Termination Event” means the occurrence of any of the following:
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		(A)
	any Borrower shall default in the payment when due of any amount owing to the Agent or any of the Lenders under this Agreement and such non-payment continues for a period of three Business Days;

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		(B)
	the Encumbrances securing the Obligations for any reason shall cease to be valid and perfected Encumbrances on the collateral purported to be covered thereby or any action shall be taken by any of the Obligors to discontinue or assert the invalidity of any such Encumbrance securing the Obligations or the validity or enforceability of the Credit Documents or this Agreement;

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		(C)
	any representation or warranty made by any Obligor in this Agreement or any Drawdown Notice will prove to be incorrect in any material respect on and as of the date thereof and such representation or warrnaty is not thereafter made true and correct within 5 days of any Obligor becoming aware of its incorrectness;

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		(D)
	any Obligor shall fail to perform in any material respect any obligations under this Agreement; provided, that, in the case of the affirmative covenants contained in Schedule B, such failure shall be subject to a five (5) day grace period from the earlier of any Obligor becoming aware of such failure or the Agent delivers written notice of such failure to any Obligor;

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		(E)
	the termination of the Stay, the CCAA Proceedings or the Chapter 15  Proceedings or the provisions of the Initial Order for the benefit of the Agent and the Lenders relating to the Cash Management Arrangements, the security for the Cash Management Obligations and this Agreement being stayed, varied, amended or reversed except with the consent of the Majority Lenders (or, in respect of the Cash Management Arrangments or security for the Cash Management Arrangements, the Cash Management Banks);

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		(F)
	the termination, expiration, cancellation or revocation of the Shell Support Agreement; or

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		(G)
	the DIP Lenders have terminated the DIP Facility and demanded repayment thereof.

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		(d)
	Unless the context of this Agreement otherwise requires, the Credit Agreement and this Agreement shall be read together and shall have effect as if the provisions of the Credit Agreement and this Agreement were contained in one agreement.

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Section 2 Supplemental Covenants
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		(a)
	During the Accommodation Period, each Obligor hereby agrees to comply with the terms and covenants set forth in Schedule B hereto.

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		(b)
	In addition, until the earliest of (i) termination of the Accommodation Period, (ii) the Borrowers’ emergence from the CCAA Proceedings and the Chapter 15 Proceedings (as decribed in the Initial Order), and (iii) solely upon written notice by the Borrowers to the Agent (a “BP Waterfall Election Notice”) upon a final determination by a court of competent jurisdiction (and not subject to any stay, leave to appeal or appeal) that all or substantially all of BP’s pre-Filing Date exposure has payment priority over the Lenders’ Advances pursuant to Section 3.04 of the Intercreditor Agreement (the “BP Termination Date”; all disputes as to the relative payment priorities of BP’s pre-Filing Date exposure and the Lenders’ Advances after delivery of an “Enforcement Notice” are collectively referred to as the “Waterfall Dispute”), the Borrowers shall pay all interest and a fee equal to the Letter of Credit Fee Rate (both at the non-default rate set forth in Level I of the definition of Applicable Margin) and the fees described in Sections 5.02(9) and 5.03(8) of the Credit Agreement (at the non-default rate), in each case, due or becoming due in respect of all Advances (including all Letters of Credit) outstanding under the Credit Facilities, whether accrued before, on or after the Filing Date, in accordance with the terms of the Credit Agreement (collectively, the “Interest Payment Obligations”). For the avoidance of doubt, all Persons (including the parties hereto and the DIP Lenders) reserve all rights in respect of whether interest and other fees will accrue at the rate set forth in clause (b) of the definition of Applicable Margin during the CCAA Proceedings.

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		(c)
	Notwithstanding anything to the contrary in Section 2(b) above, if an Obligor Termination Notice has been delivered and the Lenders have not cured each material breach described therein within four (4) days of such delivery, the obligation under this Agreement for the payment of the Interest Payment Obligations shall cease immediately; provided that the payment in cash of the Interest Payment Obligations under this Agreement shall automatically resume upon the Lenders curing each material breach described in the related Obligor Termination Notice if all such material breaches are cured prior to the Obligor Termination Date. Notwithstanding the foregoing, nothing in this Agreement shall in any way impair or affect any rights of the Agent or Lenders or obligations of the Obligors with respect to the interest, fees and other amounts payable or which may accrue under the Credit Documents.

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Section 3 Agreements and Accommodations of the Lenders
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The Borrowers hereby acknowledge and agree that, other than as provided herein, the right and ability of the Borrowers to request any further Drawdown under the Credit Facilities shall be hereby suspended and the Agent and the Lenders shall have no obligation to accept any further Drawdown Notice or make any further Advance under the Credit Facilities. Subject to the terms and conditions provided for herein:
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		(a)
	The Agent and the Lenders hereby agree that, during the Accommodation Period, the Borrowers shall be entitled to request, and the Lenders will continue to make, one or more Advances under the Revolving Facilities solely by way of issuance of Letters of Credit; provided that, the obligations of the Agent and the Lenders under this Section 3(a) shall be subject to and conditional upon the Drawdown Conditions being fulfilled or being waived by the Majority Lenders in their sole discretion; provided, further, that the Agent and Lenders shall, by written notice to the Borrowers, be entitled to terminate their obligations under this clause (a) at any time following the receipt by the Agent of a BP Waterfall Election Notice. Each such Letter of Credit so issued shall be subject to Section 5.02 of the Credit Agreement (excluding Section 5.02(11) of the Credit Agreement, which the parties hereby acknowledge will not be applicable).

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		(b)
	In addition, the Cash Management Banks that provided Cash Management Arrangements to the Obligors prior to the Filing Date will continue to provide Cash Management Arrangements to the Obligors consistent with past practice (subject to implementation of those changes that were in process immediately prior to the Filing Date), subject to the following:

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		(i)
	the Obligors will provide the following cash collateral, which shall rank in priority to all court-ordered charges (the “Cash Management Collateral”):

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		(A)
	Cdn.$2,000,000 in favour of Canadian Imperial Bank of Commerce and its Affiliates;

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		(B)
	Cdn.$100,000 in favour of JPMorgan Chase Bank, N.A. and its Affiliates; and

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		(C)
	(i) Cdn.$70,000 in favour of HSBC Bank Canada and its Affiliates; and (ii) US$300,000 in favour of HSBC Bank Canada and its Affiliates; in order to secure the Cash Management Obligations owed to such Cash Management Banks;

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		(ii)
	the Obligors will obtain a court-ordered charge in favour of the Cash Management Banks pursuant to an amended and restated Initial Order and to secure the Cash Management Obligations due and owing and that have not been paid in accordance with the applicable Cash Management Arrangements, which charge shall be (A) junior to the DIP Lenders’ Charge (as defined in the Initial Order) and any other charges which are pari passu with or rank senior to the DIP Lenders’ Charge, and (B) senior to any other obligations which are not pari passu with or senior to the DIP Lenders’ Charge pursuant to the Initial Order.

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		(iii)
	the terms of such Cash Management Arrangements may be changed in accordance with their terms, in the ordinary course of business in accordance with the Cash Management Bank’s internal policies with the consent of the DIP Lenders and the Monitor.

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(c)Upon the occurrence of a Termination Event and delivery by the Agent to the Borrowers of three full Business Days’ prior written notice terminating the Accommodation Period (the “Termination Notice”), which notice may be delivered immediately upon the occurrence of a Termination Event (and shall be deemed effective immediately upon delivery by the Agent to the Borrowers by electronic mail or facsimile transmission and the expiration of such three full Business Day period), (i) the agreement of the Agent and the Lenders provided in Section 3(a) hereof shall terminate at 5:00 p.m. Toronto time on the third full Business Day after such Termination Notice was delivered, and (ii) the agreement of the Cash Management Banks provided in Section 3(b) shall terminate (A) immediately upon the occurrence of a Termination Event arising under clause (E) of the definition thereof; and (B) upon the occurrence of any other Termination Event, after delivery of a Termination Notice and the Cash Management Banks or the Agent obtaining an order of the Court, suspending or terminating the Cash Management Arrangements, or other relief, after application on proper notice to the Obligors and the service list in the CCAA Proceedings (such time and date of termination described in clauses (i) and (ii), each a “Termination Time”); provided, that the Borrowers shall have the right to cure any Termination Event which is identified in a Termination Notice at any time prior to the applicable Termination Time; provided, further, that no Termination Notice shall be required in the event of any Termination Event arising under clause (A) or (E) of the definition thereof. For the avoidance of doubt, if a Borrower cures all Termination Events identified in a Termination Notice before the applicable Termination Time, then such Termination Notice will be deemed automatically cancelled, revoked and of no further effect, and the agreement of the Agent and the Lenders provided in Section 3(a) or Section 3(b), as the case may be, shall not be terminated pursuant to such Termination Notice.
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		(d)
	The Obligors acknowledge that neither the Agent nor any Lender has made any assurances concerning (i) any possibility of an extension of the Accommodation Period or (ii) any additional consent or accommodations.

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		(e)
	In the event the Borrowers have made any repayment under Section 1(c)(xiv)(C)in order to accommodate the issuance of one or more Letters of Credit and any Letters of Credit are later reduced or released (in whole or in part) (other than a reduction or release on account of a Permanent Letter of Credit Reduction), then the Agent and Lenders hereby agree to promptly (and, in any event, within three (3) Business Days of such reduction or release) make an Advance to the Borrowers in an amount equal to the lesser of (A) the face amount of the Letters of Credit so reduced or released (other than any reduction or release on account of a Permanent Letter of Credit Reduction) and (B) the aggregate Cash Paydown Amounts received by the Agent and Lenders to date (excluding any Cash Paydown Amounts previously returned to the Borrowers as an Advance pursuant to this clause (e)) (it being agreed and understood that the conditions to making Advances contained in the Credit Agreement are waived for the limited purpose contained in this clause (e)). Any such Advance pursuant to this clause (e) shall be treated as an Advance for all purposes of the Credit Agreement.

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		(f)
	The Agent and each of the Lenders agree that during the Accommodation Period, they will not, directly or indirectly, sell, assign, lend, pledge, mortgage or dispose or otherwise transfer any of its relevant position in the obligations under the Credit Agreement or with respect to Letters of Credit (the “Relevant Debt”) unless the Agent or the assigning Lender concurrently obtains an agreement in favour of the Obligors that provides that the assignee party agrees to be bound by the terms of this Agreement.

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		(g)
	The Agent and the Lenders agree that, after the delivery of an Obligor Termination Notice, if the Lenders have not cured any material breaches described in the Obligor Termination Notice within seven (7) days of delivery thereof, the Obligors shall be permitted to apply to the Canadian Court for termination of the Accommodation Period and declaration of the Obligor Termination Date. For greater certainty, the Lenders shall continue to have the right to cure any such material breaches at any time following the application by the Obligors and prior to any determination thereof by the Canadian Court.

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Section 4 Representations and Warranties
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In order to induce the Agent and the Lenders to enter into this Agreement, the Obligors hereby confirm that all the representations and warranties of the Obligors contained in Schedule A are true and correct in all material respects; provided that, any such representations and warranties that are already qualified by materiality shall be true and correct in all respects.
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Section 5 Conditions Precedent
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This Agreement (including the agreements, accommodations and consents contained herein) shall be subject to and conditional upon the following conditions precedent being fulfilled to the satisfaction of the Agent and the Lenders:
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		(a)
	execution and delivery of this Agreement by the Obligors, the Agent and the Lenders;

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		(b)
	the representations and warranties of the Obligors in this Agreement shall be true and correct in all material respects;

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		(c)
	the Lenders are satisfied with (i) the terms and conditions of the amended and restated Initial Order to be presented at the comeback motion for the Initial Order; and (ii) the US recognition order recognizing the amended and restated Initial Order;

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		(d)
	the Lenders are satisfied with a summary of the principal economic terms of the engagement letter between JustEnergy and BMO Nesbitt Burns Inc., as financial advisor to the Obligors, provided to the Lenders on a confidential basis;

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		(e)
	the Obligors will have paid, or arrangements satisfactory to the Agent shall have been made to ensure that the Obligors will pay, all reasonable out-of-pocket fees and expenses (including all reasonable legal fees and consultant’s fees) incurred by on or behalf of the Agent in connection with this Agreement and the transactions and other documents contemplated by this Agreement on or prior to the Filing Date;

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		(f)
	the DIP Lenders shall have approved this Agreement and authorized the Obligors party hereto to enter into this Agreement and perform their obligations hereunder; and

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		(g)
	the Canadian Court shall have approved this Agreement and authorized the Obligors party hereto to enter into this Agreement and perform their obligations hereunder, pursuant to the amended and restated Initial Order.

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provided that, all documents delivered pursuant to this Section 5 will be in full force and effect, and in form and substance satisfactory to the Agent, acting reasonably.
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Section 6 Expenses
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During the Accommodation Period, the Obligors shall pay all reasonable and documented fees and expenses of the Agent, the Lenders and the Collateral Agent, which fees and expenses shall be limited to the reasonable and documented time-based out-of-pocket legal and advisor fees (excluding any success fees) of McCarthy Tétrault LLP, Chapman and Cutler LLP, the Consultant and one Texas local counsel, in their capacities as advisors to the Agent, the Lenders and the Collateral Agent, whether incurred prior to, on or after the Filing Date, in connection with matters relating to the CCAA Proceedings and the
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Chapter 15 Proceedings, including the preparation, negotiation, completion, execution, delivery and review of this Agreement and all other documents and instruments arising therefrom and/or executed in connection therewith, in each case, within ten (10) days (the “review period”) of the Borrowers’, DIP Lenders’ and Monitor’s receipt of detailed monthly invoices for such fees and expenses (which in the case of legal counsel may be redacted for privilege); provided that any of the Borrowers, the DIP Lenders or the Monitor may raise good faith disputes regarding any such invoice by written notice to the Agent before the end of the review period (which such dispute shall be finally adjudicated by the Canadian Court), but the Borrowers shall pay any undisputed portion of the invoice within two (2) Business Days of the end of the review period; provided further, that the Obligors shall not be required to pay any fees and expenses of legal counsel retained separately by the Agent or by any individual Lender or group of Lenders (all of the foregoing, the “Expense Reimbursement Obligations”, except as provided in clause (ii) below). Notwithstanding the foregoing, (i) if an Obligor Termination Notice has been delivered and the Lenders have not cured each material breach described therein within four (4) days of such delivery, the payment of the Expense Reimbursement Obligations in cash shall cease immediately; provided that the payment in cash of the Expense Reimbursement Obligations shall automatically resume upon the Lenders curing each material breach described in the related Obligor Termination Notice if all such material breaches are cured prior to the Obligor Termination Date and (ii) the Expense Reimbursement Obligations shall not include fees and expenses related to any action(s) by any of the Agent, the Collateral Agent or any of the Lenders (or their respective counsels) in the CCAA Proceedings or the Chapter 15 Proceedings that (x) is adverse to the interests of the DIP Lenders under the terms of the DIP Term Sheet or under any order of the Canadian Court or US Court , or (y) the Monitor determines is (A) materially adverse to the interests of all Interested Creditors, taken as a whole, or (B) the Monitor determines is not filed in good faith to protect the interests of the Lenders.
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Section 7 Continuance of Credit Agreement and Security
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The Obligors acknowledge and confirm that, subject to any orders granted in the CCAA Proceedings or the Chapter 15 Proceedings, the Agent’s claims, the Lenders’ claims, the Collateral Agent’s claims and the Obligors’ obligations under the Credit Agreement and the other Credit Documents to which they are party shall be and continue in full force and effect.
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Section 8  No Waiver
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The Obligors acknowledge and agree that the Existing Defaults have not been waived and that this Agreement shall not constitute an amendment, waiver, consent or release with respect to any provision of the Credit Documents, a waiver of any breach of representation and warranty, breach of covenant, or any Pending Event of Default or Event of Default thereunder, or a waiver or release of the Agent’s, the Collateral Agent’s or any Lender’s rights or remedies, all of which are expressly reserved.
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Section 9 Release
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The Obligors hereby unconditionally and irrevocably release the Agent, the Collateral Agent and the Lenders and their respective successors, assigns, officers, directors, employees, attorneys and agents from any liability for actions or omissions arising or occurring prior to the Filing Date, whether known or unknown, whether in connection with the Credit Documents or otherwise (it being agreed and understood that this release shall not extend to (i) any liabilities arising under this Agreement or other actions or omissions on or after the Filing Date whether in connection with the Credit Documents or otherwise or (ii) any liabilities arising from the fraud, willful misconduct or gross negligence of any of the Agent, the Collateral Agent or any Lender).
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Section 10 Credit Document
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The Obligors acknowledge and agree that this Agreement shall constitute a Credit Document for purposes of the Credit Agreement.
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Section 11 Counterparts and Electronic Signatures
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This Agreement may be executed in any number of separate counterparts, each of which shall be deemed an original and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement (whether by facsimile, email, PDF or other electronic means) shall be as effective as delivery of a manually executed counterpart of this Agreement. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Agreement and any document to be signed in connection herewith or therewith shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be.
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Section 12 Governing Law
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This Agreement shall be governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein.
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Section 13 Severability
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If any term or provision of this Agreement or the application thereof to any party or circumstance shall be held to be invalid, illegal or unenforceable in any respect by a court of competent jurisdiction, the validity, legality and enforceability of the remaining terms and provisions of this Agreement shall not in any way be affected or impaired thereby, and the affected term or provision shall be modified to the minimum extent permitted by law so as most fully to achieve the intention of this Agreement.
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Section 14 Other Miscellaneous
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		(a)
	This Agreement may be modified, amended or supplemented as to any matter only in writing (which may include e-mail) by all parties hereto.

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		(b)
	Any provision of this Agreement may be waived or amended if, and only if, such waiver or amendment is in writing (which may include e-mail) by the party against whom the waiver or amendment is to be effective (it being agreed and understood that, if such waiver or amendment is against the Lenders, only the consent of the Majority Lenders shall be necessary for any such waiver or amendment). No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise

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(c)Any date, time or period referred to in this Agreement shall be of the essence except to the extent to which the parties hereto agree in writing to vary any date, time or period, in which event the varied date, time or period shall be of the essence.
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(d)Each of the Lenders hereby agree that, to the extent the requisite DIP Lenders extend the period for delivery of any item required to be delivered under the DIP Facility, then the corresponding requirement to deliver such item hereunder shall be automatically so extended in an equivalent manner; provided that any applicable extension granted by the DIP Lenders of more than ten (10) Business Days shall only automatically extend the corresponding requirement to deliver such items hereunder for ten (10) Business Days without the Majority Lenders’ prior written consent.
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[Signature pages to follow]
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​

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IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.
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BORROWERS:
​
	​
	JUST ENERGY ONTARIO L.P. by its general partner 
JUST ENERGY CORP.

	​
	
	​
	By:
	/s/ Michael Carter 

	​
		Name:
	Michael Carter

	​
		Title:
	Chief Financial Officer

​
	 
	By:
	 

	 
		Name:
	Jonah Davids

	 
		Title:
	Executive Vice President, General Counsel and Corporate Secretary

​
	​
	JUST ENERGY (U.S.) CORP.

	​
	
	​
	By:
	/s/ Michael Carter   

	​
		Name:
	Michael Carter

	​
		Title:
	Chief Financial Officer

​
	​
	By:
	 

	​
		Name:
	Jonah Davids

	​
		Title:
	Executive Vice President, General Counsel and Corporate Secretary

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[Signature Page to Accommodation Agreement]
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​

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IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.
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BORROWERS:
​
	​
	JUST ENERGY ONTARIO L.P. by its general partner 
JUST ENERGY CORP.

	​
	
	​
	By:
	 

	​
		Name:
	Michael Carter

	​
		Title:
	Chief Financial Officer

​
	​
	By:
	/s/ Jonah Davids

	​
		Name:
	Jonah Davids

	​
		Title:
	Executive Vice President, General Counsel and Corporate Secretary

​
	​

	

	​

	​
	JUST ENERGY (U.S.) CORP.

	​
	
	​
	By:
	​

	​
	Name:
	Michael Carter

	​
	Title:
	Chief Financial Officer

​
	​

	

	

	

	​
	By:
	/s/ Jonah Davids

	​
		Name:
	Jonah Davids

	​
		Title:
	Executive Vice President, General Counsel and Corporate Secretary

​
[Signature Page to Accommodation Agreement]
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​

​
	OTHER OBLIGORS:
	JUST ENERGY GROUP INC.
​
JUST ENERGY CORP.
​
ONTARIO ENERGY COMMODITIES INC.
​
JUST ENERGY MANITOBA L.P., by its general partner, JUST ENERGY CORP.
​
JUST ENERGY (B.C.) LIMITED PARTNERSHIP, by its general partner, JUST ENERGY CORP.
​
JUST ENERGY QUÉBEC L.P., by its general partner, JUST ENERGY CORP.
​
JUST ENERGY TRADING L.P., by its general partner, JUST ENERGY CORP.
​
JUST ENERGY ALBERTA L.P., by its general partner, JUST ENERGY CORP.
​
UNIVERSAL ENERGY CORPORATION
​
​
JUST ENERGY FINANCE CANADA ULC
​
HUDSON ENERGY CANADA CORP.
​
JUST GREEN L.P., by its general partner, JUST ENERGY CORP.
​
JUST ENERGY PRAIRIES L.P., by its general partner, JUST ENERGY CORP.
​
JUST MANAGEMENT CORP.
​
JUST ENERGY ADVANCED SOLUTIONS CORP.

​
	​
	By:
	/s/ Michael Carter 

	​
	 
	Name: Michael Carter

	​
	 
	Title:    Chief Financial Officer

​
​
[Signature Page to Accommodation Agreement]
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​

​
​
	​
	JUST ENERGY ILLINOIS CORP.

	​
	 

	​
	JUST ENERGY INDIANA CORP.

	​
	 

	​
	JUST ENERGY NEW YORK CORP.

	​
	 

	​
	JUST ENERGY TEXAS I CORP.

​
	 
	JUST ENERGY, LLC, by its Sole Member and Sole Manager, JUST ENERGY TEXAS I CORP.

​
	​
	JUST ENERGY TEXAS LP, by its General Partner, JUST ENERGY, LLC, by its Sole Member and Sole Manager, JUST ENERGY TEXAS I CORP.

​
		JUST ENERGY PENNSYLVANIA CORP.
​
JUST ENERGY SOLUTIONS INC.

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		JUST ENERGY MASSACHUSETTS CORP.

​
		JUST ENERGY MICHIGAN CORP.

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		JUST ENERGY ADVANCED SOLUTIONS LLC

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		HUDSON ENERGY SERVICES LLC
​
HUDSON ENERGY CORP. 

		 

		HUDSON PARENT HOLDINGS LLC

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		INTERACTIVE ENERGY GROUP LLC
​
DRAG MARKETING LLC

​
	​
	FULCRUM RETAIL ENERGY LLC
​
FULCRUM RETAIL HOLDINGS
​
LLC TARA ENERGY, LLC

​
	​
	JUST ENERGY MARKETING CORP. 

	​
	 

	​
	JUST ENERGY CONNECTICUT CORP.

​
	​
	By:
	/s/ Michael Carter 

	​
	​
	Name: Michael Carter

	​
	​
	Title:   Chief Financial Officer

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[Signature Page to Accommodation Agreement]
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​

​
​
	 
	JUST ENERGY LIMITED

​
	 
	JUST SOLAR HOLDINGS CORP.

​
	 
	JUST ENERGY FINANCE HOLDING INC. 

	 
	 

	 
	11929747 CANADA INC.

​
	 
	12175592 CANADA INC.

​
	 
	JE SERVICES HOLDCO I INC.

​
	 
	JE SERVICES HOLDCO II INC. 

	 
	 

	 
	8704104 CANADA INC.

​
	​
	By:
	/s/ Michael Carter 

	​
	​
	Name: Michael Carter

	​
	​
	Title:   Chief Financial Officer

​
	 
	JUST ENERGY (FINANCE) HUNGARY ZRT.

​
	​
	By:
	​

	​
	​
	Name: Amir Andani

	​
	​
	Title:   Director

​
	 
	JEBPO SERVICES LLP

​
	​
	By:
	​

	​
	​
	Name: Sudheendrah Vasudeva

	​
	​
	Title:   Designated Partner

​
	​
	By:
	​

	​
	​
	Name: Sam Mavalwalla

	​
	​
	Title:   Designated Partner

​
​
[Signature Page to Accommodation Agreement]
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​

​
	 
	JUST ENERGY LIMITED

​
	 
	JUST SOLAR HOLDINGS CORP.

​
	 
	JUST ENERGY FINANCE HOLDING INC. 

	 
	 

	 
	11929747 CANADA INC.

​
	 
	12175592 CANADA INC.

​
	 
	JE SERVICES HOLDCO I INC.

​
	 
	JE SERVICES HOLDCO II INC. 

	 
	 

	 
	8704104 CANADA INC.

​
	​
	By:
	​

	​
	​
	Name: Michael Carter

	​
	​
	Title:   Chief Financial Officer

​
	 
	JUST ENERGY (FINANCE) HUNGARY ZRT.

​
​
	​
	By:
	/s/ Amir Andani

	​
	​
	Name: Amir Andani

	​
	​
	Title:   Director

​
	 
	JEBPO SERVICES LLP

​
	​
	By:
	​

	​
	​
	Name: Sudheendrah Vasudeva

	​
	​
	Title:   Designated Partner

​
	​
	By:
	​

	​
	​
	Name: Sam Mavalwalla

	​
	​
	Title:   Designated Partner

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[Signature Page to Accommodation Agreement]
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​

​
​
​
	 
	JUST ENERGY LIMITED

	 
	 

	 
	JUST SOLAR HOLDINGS CORP.

	 
	 

	 
	JUST ENERGY FINANCE HOLDING INC. 

	 
	 

	 
	11929747 CANADA INC.

	 
	 

	 
	12175592 CANADA INC.

	 
	 

	 
	JE SERVICES HOLDCO I INC.

	 
	 

	 
	JE SERVICES HOLDCO II INC. 

	 
	 

	 
	8704104 CANADA INC.

​
	 
	By:
	 

	 
	 
	Name: Michael Carter

	 
	 
	Title: Chief Financial Officer

​
	 
	 

	 
	JUST ENERGY (FINANCE) HUNGARY ZRT.

	 
	 

	 
	 

	 
	By:
	 

	 
	 
	Name: Amir Andani

	 
	 
	Title: Director

	 
	 

​
	 
	JEBPO SERVICES LLP

​
	​
	By:
	/s/ Sudheendrah Vasudeva 

	​
	​
	Name: Sudheendrah Vasudeva

	​
	​
	Title:   Designated Partner

​
	​
	By:
	/s/ Sam Mavalwalla

	​
	​
	Name: Sam Mavalwalla

	​
	​
	Title:   Designated Partner

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[Signature Page to Accommodation Agreement]
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​

​
	AGENT:
	 

	 
	 

	 
	NATIONAL BANK OF CANADA, as Administrative Agent

	 
	 

	 
	 

	 
	By:
	/s/ Gavin Virgo 

	 
	 
	Name: Gavin Virgo

	 
	 
	Title:  Director

	 
	 

	 
	By:
	/s/ Jonathan Campbell

	 
	 
	Name: Jonathan Campbell

	 
	 
	Title: Director

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[Signature Page to Accommodation Agreement]
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​

​
​
​
	LENDERS:
	
	 
	 

	 
	CANADIAN IMPERIAL BANK OF COMMERCE, as Canadian Lender, Canadian Swingline Lender, a Canadian Issuing Lender and LC Lender

​
	 
	By:
	/s/ Pat Martin 

	 
	 
	Name: 
	Pat Martin

	 
	 
	Title: 
	Senior Director, Special Loans

​
	 
	By:
	/s/ Leen Ahmad 

	 
	 
	Name: Leen Ahmad

	 
	 
	Title: Senior Account Manager, Special Loans

​
	 
	CANADIAN  IMPERIAL  BANK  OF COMMERCE, as US Lender and a US Issuing Lender

​
	 
	By:
	/s/ Pat Martin

	 
	 
	Name: Pat Martin

	 
	 
	Title:   Senior Director, Special Loans

​
	 
	By:
	/s/ Leen Ahmad 

	 
	 
	Name: Leen Ahmad

	 
	 
	Title:  Senior Account Manager, Special Loans

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[Signature Page to Accommodation Agreement]
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​

​
	 
	CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as a US Issuing Lender (solely in respect of the Existing CIBC US Letters of Credit)

	 
	 

	 
	 

	 
	By:
	/s/ Pat Martin

	 
	 
	Name: Pat Martin

	 
	 
	Title: Senior Director, Special Loans

	 
	 

	 
	By: 
	/s/ Leen Ahmad

	 
	 
	Name: Leen Ahmad

	 
	 
	Title: Senior Account Manager, Special Loans

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[Signature Page to Accommodation Agreement]
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​

​
	 
	NATIONAL BANK OF CANADA, as Canadian Lender and a Canadian Issuing Lender

	 
	 

	 
	 

	 
	By: 
	/s/ Gavin Virgo

	 
	 
	Name: Gavin Virgo

	 
	 
	Title: Director

	 
	 

	 
	 

	 
	By: 
	/s/ David Torrey

	 
	 
	Name: David Torrey

	 
	 
	Title: Managing Director

​
	 
	NATIONAL BANK OF CANADA, as US Lender and a US Issuing Lender

	 
	 

	 
	 

	 
	By: 
	/s/ Gavin Virgo

	 
	 
	Name: Gavin Virgo

	 
	 
	Title: Director

	 
	 

	 
	 

	​
	By:
	/s/ David Torrey

	​
	​
	Name: David Torrey

	​
	​
	Title: Managing Director

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[Signature Page to Accommodation Agreement]
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​

​
	 
	ATB FINANCIAL, as Canadian Lender

	 
	 

	 
	By: 
	/s/ Brian Spilchen

	 
	 
	Name: Brian Spilchen

	 
	 
	Title: Director

	 
	 

	 
	By: 
	/s/ Shruthi Belle

	​
	​
	Name: Shruthi Belle

	​
	​
	Title: Associate Director

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[Signature Page to Accommodation Agreement]
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​

​
	 
	HSBC BANK CANADA, as Canadian Lender

	 
	  

	 
	By:
	/s/ Julie Gaiptman 

	​
	​
	Name: Julie Gaiptman

	​
	​
	Title: AVP, LMU

	​
	​
	​

	​
	By:
	/s/ Paul Irving

	​
	​
	Name: Paul Irving

	​
	​
	Title: VP LMU

	​
	​
	​

	​
	HSBC BANK CANADA, as US Lender

	​
	​
	​

	​
	By:
	/s/ Julie Gaiptman 

	​
	​
	Name: Julie Gaiptman

	​
	​
	Title: AVP, LMU

	​
	​
	​

	​
	By:
	/s/ Paul Irving

	​
	​
	Name: Paul Irving

	​
	​
	Title: VP LMU

	​
	​
	​

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[Signature Page to Accommodation Agreement]
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​

​
	 
	CANADIAN WESTERN BANK, as Canadian Lender

	 
	 

	 
	By:
	/s/ Trent Erickson 

	 
	 
	Name: Trent Erickson

	 
	 
	Title: VP, SAMU

	 
	 

	 
	By:
	/s/ Dean Chan 

	 
	 
	Name: Dean Chan

	 
	 
	Title: SAVP, SAMU

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[Signature Page to Accommodation Agreement]
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​

​
	 
	JPMORGAN CHASE BANK, N.A., as Canadian Lender

	 
	 

	 
	By:
	/s/ Jeffrey Coleman 

	 
	 
	Name: Jeffrey Coleman

	 
	 
	Title: Executive Director

	 
	 

	 
	By:
	 

	 
	 
	Name:

	 
	 
	Title:

	 
	 

	 
	JPMORGAN CHASE BANK, N.A., as US Lender

	 
	 

	 
	By:
	 

	 
	 
	Name:

	 
	 
	Title:

	 
	 

	 
	By:
	 

	 
	 
	Name:

	 
	 
	Title:

​
[Signature Page to Accommodation Agreement]
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​

​
	 
	JPMORGAN CHASE BANK, N.A., as Canadian Lender

	 
	 

	 
	By:
	 

	 
	  
	Name:

	 
	 
	Title:

	 
	 

	 
	 

	 
	By:
	 

	 
	 
	Name:

	 
	 
	Title:

	 
	 

	 
	JPMORGAN CHASE BANK, N.A., as US Lender

	 
	 

	 
	By:
	/s/ Patricia S. Carpen 

	 
	 
	Name: Patricia S. Carpen

	 
	 
	Title: Executive Director

	 
	 

	 
	By:
	 

	 
	 
	Name:

	 
	 
	Title:

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[Signature Page to Accommodation Agreement]
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​

​
​
	 
	MORGAN STANLEY SENIOR FUNDING, INC., as Canadian Lender on behalf of its Special Assets Oversight Team, and not on behalf of any of its other business units or teams or those of its affiliates

	 
	 

	 
	By:
	/s/ Kevin Newman

	 
	 
	Name: Kevin Newman

	 
	 
	Title: Vice President

	 
	 

	 
	MORGAN STANLEY SENIOR FUNDING, INC., as US Lender on behalf of its Special Assets Oversight Team, and not on behalf of any of its other business units or teams or those of its affiliates

	 
	 

	 
	By:
	/s/ Kevin Newman

	 
	 
	Name: Kevin Newman

	 
	 
	Title: Vice President

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[Signature Page to Accommodation Agreement]
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​

​
Schedule A
​
Representations and Warranties
​
(See attached)
​
​

​
SCHEDULE A
​
Representations and Warranties
​
Each Borrower represents and warrants to the Agent and each Lender and acknowledges and confirms that the Agent and each Lender is relying upon such representations and warranties:
​
(1)         Existence and Qualification Subject to any restrictions arising on account of any Obligor’s protected status under the CCAA Proceedings (and only so long as such status exists), each Obligor (i) has been duly incorporated, formed, amalgamated, merged or continued, as the case may be, and is validly subsisting as a corporation, company, limited liability company, partnership or trust, under the laws of its jurisdiction of formation, amalgamation, merger or continuance, as the case may; and (ii) is duly qualified, in good standing and has all required Material Licences to carry on its business in each jurisdiction in which the nature of its business requires qualification to the extent necessary to carry on its business.
​
(2)         Power and Authority Subject to the entry of, and the terms of, the CCAA Orders and to any restrictions arising solely on account of any Obligor’s protected status under the CCAA Proceedings (and only so long as such status exists), each Obligor has the corporate, trust, company, limited liability company or partnership power and authority, as the case may be, (i) to enter into, and to exercise its rights and perform its obligations under, this Agreement (to the extent that it is a party thereto) and all other instruments and agreements delivered by it pursuant to this Agreement, and (ii) to own its Property and carry on its business as currently conducted and as currently proposed to be conducted by it.
​
(3)         Execution, Delivery, Performance and Enforceability of Documents Subject to the entry of, and the terms of, the CCAA Orders and to any restrictions arising solely on account of any Obligor’s protected status under the CCAA Proceedings (and only so long as such status exists), the execution, delivery and performance of this Agreement (to the extent that such Obligor is a party to this Agreement), and every other instrument or agreement delivered by an Obligor pursuant to this Agreement has been duly authorized by all corporate, trust, company or partnership actions required, and each of such documents has been duly executed and delivered. To the extent that any Obligor is a party hereto, upon entry of the CCAA Orders, this Agreement constitutes the legal, valid and binding obligations of such Obligor, enforceable against such Obligor in accordance with its terms (except, in any case, as such enforceability may be limited by applied bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by principles of equity).
​
(4)         Agreement Complies with Applicable Laws, Organizational Documents and Contractual Obligations Subject to the entry of the CCAA Orders, none of the execution or delivery of, the consummation of the transactions contemplated in, or compliance with the terms, conditions and provisions of this Agreement conflicts with or will conflict with, or results or will result in any breach of, or constitutes a default under or contravention of, (a) any Obligors’ Organizational Document, (b) any Material Contract or Material Licence, (c) any Requirement of Law other than immaterial breaches or (d) results or will result in the creation or imposition of any Lien upon any of its Property that is not a Permitted Lien (as defined in the DIP Term Sheet).
​
(5)         Consent Respecting Agreement Each Obligor has, obtained, made or taken all consents, approvals, authorizations, declarations, registrations, filings, notices and other actions whatsoever required with Governmental Authorities, third parties or otherwise to enable it to execute and deliver this Agreement (to the extent that such Obligor is a party hereto) and to consummate the transactions contemplated hereby, other than the approvals, clarifications or authorizations of the Governmental Authorities (including, without limitation, the Reserve Bank of India) required under the laws of India for the execution and delivery by JEBPO of any agreement (including without limitation this Agreement) to which it is a party, and the performance by JEBPO of its obligations thereunder.
​
(6)         Judgments, Etc. At the date given, other than pursuant to the CCAA Proceedings, no Obligor is subject to any judgment, order, writ, injunction, decree or award, or to any restriction, rule or regulation (other than customary or ordinary course restrictions, rules and regulations consistent or similar with those imposed on other Persons engaged in similar businesses) which has not been lifted or stayed.
​
(7)          Absence of Litigation Other than the CCAA Proceedings, there are no actions, suits or proceedings pending or, to the best of its knowledge and belief, after due inquiry and all reasonable investigation, threatened against or involving any Obligor, (i) which would reasonably be expected to have a Material Adverse Effect or (ii) that involve this Agreement, in each case, which are not subject to the CCAA Stay (as defined in the DIP Term Sheet).
​
​

​
(8)         Title to Assets Each Obligor has good title to its assets, and no Person has any agreement or right to acquire an interest in such assets other than in the ordinary course of its business. The Pledged Securities constitute all of the equity interests held by each Obligor in any other Obligor.
​
(9)          Use of Real Property All real property material to the business of the Obligor owned or leased by each Obligor may be used by such Obligor pursuant to Applicable Law for the present use and operation of the material elements of the business conducted, or intended to be conducted, on such real property by such Obligor.
​
(10)       Insurance Each Obligor maintains insurance which is in full force and effect that complies with all of the requirements of the Credit Agreement as of September 28, 2020.
​
(11)       Labour Relations No Obligor is engaged in any material unfair labour practice or material employment discrimination practice, and there is no material unfair labour practice complaint or material complaint of employment discrimination pending against an Obligor, or to its knowledge threatened against an Obligor, before any Governmental Authority. To the best of its knowledge, no material grievance or arbitration arising out of or under any collective bargaining agreement is pending against an Obligor or, to the best of its knowledge, threatened against an Obligor, no strike, labour dispute, slowdown or stoppage is pending against an Obligor or, to the best of its knowledge, threatened against an Obligor and no union representation proceeding is pending with respect to any of an Obligor’s employees.
​
(12)       Compliance with Laws No Obligor is in material violation of any material Applicable Law or material Applicable Order, subject to the provisions of Section 21 of this Schedule A, in the case of Requirements of Environmental Law.
​
(13)       Corporate Structure The corporate structure of the Borrowers and their subsidiaries is as set out in Schedule A(13) to this Agreement.
​
(14)       Rights to Acquire Shares of Obligors No Person has an agreement or option or any other right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, including convertible securities, warrants or convertible obligations of any nature, for the purchase, subscription, allotment or issuance of any unissued shares in the capital of any Obligor (other than JustEnergy).
​
(15)       Obligors Each Obligor either carries on their Business in Canada, the United States, India or Hungary, or carries on no business other than being a holding entity.
​
(16)       Relevant Jurisdictions Schedule A(16) to this Agreement identifies, in respect of each Obligor, the Relevant Jurisdictions as of the Closing Date including each Obligor’s jurisdiction of formation and organizational registration number (if any), its full address (including postal code or zip code), chief executive office, registered office and all places of business and, if the same is different, the address at which the books and records of such Obligor are located and the address from which the invoices and accounts of such Obligor are issued.
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(17)       Computer Software Each Obligor owns or has licensed for use or otherwise has the right to use all of the material software necessary to conduct its businesses. All Computer Equipment owned or used by an Obligor and necessary for the conduct of business has been properly maintained in all material respects or replaced and is in good working order for the purposes of on-going operation, subject to ordinary wear and tear for Computer Equipment of comparable age and Computer Equipment which has been damaged but is in the course of being repaired.
​
(18)       Intellectual Property Each Obligor has rights sufficient for it to use all the Intellectual Property reasonably necessary for the conduct of its business except to the extent failure to do so would not reasonably be expected to have a Material Adverse Effect; all patents, trade-marks or industrial designs which have been either registered or in respect of which a registration application has been filed by it are listed on Schedule A(18) to this Agreement. To its knowledge, no Obligor is infringing or misappropriating or is alleged to be infringing or misappropriating the intellectual property rights of any other Person where such infringement or misappropriation is reasonably expected to have a Material Adverse Effect.
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(19)       Financial Year End The financial year end of the Obligors is March 31.
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(20)       Financial Information All of the financial statements which have been furnished to the Lenders in connection with this Agreement are complete in all material respects and such financial statements fairly present the results of operations and financial position of the Borrowers and the Guarantors as of the dates referred to therein and have been prepared on a Modified Consolidated Basis, except that, in the case of quarterly financial statements, notes to the statements and audit adjustments required by GAAP are not included. All other financial information provided to the Lenders as of the date prepared (a) were based on reasonable assumptions and expectations and represent reasonable good faith estimates and (b) were believed to be achievable.
​

​
(21)       Environmental (a) No Obligor is subject to any civil or criminal proceeding relating to Requirements of Environmental Laws and is not aware of any investigation or threatened proceeding or investigation, (b) each Obligor has all material permits, licenses, registrations and other authorizations required by the Requirements of Environmental Laws for the operation of its business and the properties which it owns, leases or otherwise occupies, (c) each Obligor currently operates its business and its properties (whether owned, leased or otherwise occupied) in compliance in all material respects with all applicable material Requirements of Environmental Laws, (d) no Hazardous Substances are stored or disposed of by any Obligor or otherwise used by an Obligor in violation of any applicable Requirements of Environmental Laws (including, without limitation, there has been no Release of Hazardous Substances by any Obligor at, on or under any property now or previously owned or leased by the Borrowers or any of their subsidiaries), (e) except as disclosed in the environmental reports identified on Schedule A(21) to this Agreement, to the knowledge of the Borrowers (i) all underground storage tanks now or previously located on any real property owned or leased by it have been operated, maintained and decommissioned or closed, as applicable, in compliance with applicable Requirements of Environmental Law; and (ii) no real property or groundwater in, on or under any property now or previously owned or leased by any Obligor is or has been during such Obligor’s ownership or occupation of such property contaminated by any Hazardous Substance except for any contamination that would not reasonably be expected to give rise to material liability under Requirements of Environmental Laws nor, to the best of its knowledge, is any such property named in any list of hazardous waste or contaminated sites maintained under the Requirements of Environmental Law.
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(22)       CERCLA No portion of any Obligor’s Property has been listed, designated or identified in the National Priorities List or the CERCLA Information System both as published by the United States Environmental Protection Agency, or any similar list of sites published by any federal, state or local authority proposed for requiring clean up or remedial or corrective action under any Requirements of Environmental Laws.
​
(23)      Canadian Welfare and Pension Plans The Canadian Borrower has adopted all Canadian Welfare Plans and all Canadian Pension Plans in accordance with Applicable Laws and each such plan has been maintained and is in compliance in all material respects with its terms and such laws including, without limitation, all requirements relating to employee participation, funding, investment of funds, benefits and transactions with the Obligors and persons related to them. As of the commencement of the CCAA Proceedings (the “CCAA Filing Date”) and at no time preceding the CCAA Filing Date has any Obligor maintained, sponsored, administered, contributed to, or participated in a Specified Canadian Pension Plan. With respect to Canadian Pension Plans: (a) no steps have been taken to terminate any Canadian Pension Plan (wholly or in part) which could result in any Obligor being required to make an additional contribution in excess of $5,000,000 to the Canadian Pension Plan; (b) no contribution failure in excess of $5,000,000 has occurred with respect to any Canadian Pension Plan sufficient to give rise to a lien or charge under any applicable pension benefits laws of any other jurisdiction; and (c) no condition exists and no event or transaction has occurred with respect to any Canadian Pension Plan which is reasonably likely to result in any Obligor incurring any liability, fine or penalty in excess of $5,000,000. No Obligor has a contingent liability in excess of $5,000,000 with respect to any post-retirement benefit under a Canadian Welfare Plan. With respect of each Canadian Pension Plan: (a) all contributions (including employee contributions made by authorized payroll deductions or other withholdings) required to be made to the appropriate funding agency in material compliance with all Applicable Laws and the terms of each Pension Plan have been made in accordance with all Applicable Laws and the terms of each Canadian Pension Plan; and (b) no event has occurred and no conditions exist with respect to any Canadian Pension Plan that has resulted or could reasonably be expected to result in any Canadian Pension Plan being the subject of a requirement to be wound up (wholly or in part) by any applicable regulatory authority, having its registration revoked or refused by any applicable regulatory authority or being required to pay any taxes or penalties under any applicable pension benefits or tax laws.
​
(24)      ERISA Plans (a) Each ERISA Plan of any Obligor carrying on business in the United States has been maintained and is in compliance in all material respects with Applicable Laws including, without limitation, all requirements relating to employee participation, investment of funds, benefits and transactions with the Obligors and persons related to them, (b) with respect to such ERISA Plans: (i) no condition exists and no event or transaction has occurred with respect to any such ERISA Plan that is reasonably likely to result in any Obligor, to the best of its knowledge, incurring any liability, fine or penalty in excess of the US$ Equivalent Amount of Cdn.$5,000,000; and (ii) no Obligor carrying on business in the United States has a contingent liability with respect to any post-retirement benefit under a US Welfare Plan in excess of the US$ Equivalent Amount of Cdn.$5,000,000, (c) all contributions (including employee contributions made by authorized payroll deductions or other withholdings) required to be made have been made in accordance with all Applicable Laws and the terms of each ERISA Plan, (d) each of the ERISA Plans that is intended to be “qualified” within the meaning of Section 401(a) of the Code (i) has received a favourable determination letter from the IRS, (ii) is or will be the subject of an application for a favourable determination letter, and no circumstances exist that has resulted or could reasonably be expected to result in the revocation or denial of any such determination letter, or (iii) is entitled to rely on an appropriately updated prototype plan document that has
​

​
received a national office determination letter and has not applied for a favourable determination letter of its own and (e) no Obligor carrying on business in the United States has any US Pension Plans and no multiemployer plans as defined in Section 4001(a)(3) of ERISA are maintained by any Obligor or to their knowledge have been maintained by any member of any Obligor’s Controlled Group.
​
(25)       Not an Investment Company No Obligor is an “investment company” or a company “controlled” by an “investment company” within the meaning of the United States Investment Company Act of 1940 or a “holding company”, or a “subsidiary company” of a “holding company”, or an “affiliate” of a holding company, or of a “subsidiary company” of a “holding company”, within the meaning of the United States Public Utility Holding Company Act of 2005.
​
(26)       No Margin Stock No Obligor is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock. None of the proceeds of any Advance will be used to purchase or carry, or to reduce or retire or refinance any credit incurred to purchase or carry, any margin stock (within the meaning of Regulations U and X of the Board of Governors of the Federal Reserve System of the United States) or to extend credit to others for the purpose of purchasing or carrying any margin stock.
​
(27)       Full Disclosure All information provided or to be provided by or on behalf of any Obligor to the Agent and the Lenders in connection with this Agreement (other than future-looking information or information of a general economic or industry nature) was or will be at the time prepared, to its knowledge, true and correct in all material respects and none of the documentation furnished to the Agent or any Lender by or on behalf of any Obligor, to its knowledge, omitted or will omit as of such time, a material fact necessary to make the statements contained therein not misleading in any material way, and all expressions of expectation, intention, belief and opinion contained therein were honestly made on reasonable grounds after due and careful inquiry by it at the time made (and, to its knowledge any other Person who furnished such material on behalf of them.
​
(28)       Sanctions. It is not in violation of, in any material respect, any of the country or list based economic and trade sanctions administered and enforced by OFAC, or any Sanctions Laws. As of the date of this Agreement, no Obligor (i) is a Sanctioned Person or (ii) is a Person designated under Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 or other Sanctions Laws. If a senior officer of any Obligor receives any written notice that any Obligor, any affiliate or any subsidiary of any Obligor is named on the then current OFAC SDN List or is otherwise a Sanctioned Person (such occurrence, a “Sanctions Event”), such Obligor shall promptly (i) give written notice to the Agent of such Sanctions Event, and (ii) comply in all material respects with all applicable laws with respect to such Sanctions Event (regardless of whether the Sanctioned Person is located within the jurisdiction of the United States of America or Canada), and each Obligor hereby authorizes and consents to the Lenders and the Agent (acting at the direction of the Majority Lenders) taking any and all steps the Lenders or the Agent (acting at the direction of the Majority Lenders) deem necessary, in their sole but reasonable discretion, to avoid violation of, in any material respect, all applicable laws with respect to any such Sanctions Event.
​
(29)       Anti-Corruption Laws. No part of the proceeds of the Advances shall be used, directly or, to the Borrowers’ knowledge, indirectly: (a) to offer or give anything of value to any official or employee of any foreign government department or agency or instrumentality or government-owned entity, to any foreign political party or party official or political candidate, or to anyone else acting in an official capacity, in order to obtain, retain or direct business, or obtain any improper advantage, in material violation of any Anti-Corruption Law.
​
(30)       Anti-Terrorism Laws. To the extent applicable, each Obligor is in compliance, in all material respects, with (i) the U.S. Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R. Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, (ii) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (United States), as amended (the “Patriot Act”); and (iii) Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) (collectively with clauses (i) and (ii) above, the “Anti-Terrorism Laws”). The use of the proceeds of the Advances will not violate, in any material respect, the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 C.F.R. Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto, in any material respect.
​
​

​
SCHEDULE A(13)
​
CORPORATE STRUCTURE
​
	 
	Name of
	Jurisdiction
	Authorized
	Issued Capital
	Owner of Securities

	 
	Obligor -
	 
	Capital
	 
	 

	 
	Restricted
	 
	 
	 
	 

	 
	Subsidiary*,
	 
	 
	 
	 

	 
	Unrestricted
	 
	 
	 
	 

	 
	Subsidiary**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	1.
	Just Energy
	Canada
	unlimited
	48,987,581
	Publicly held

	 
	Group Inc.*
	 
	number of
	Common Shares
	 

	 
	 
	 
	Common Shares
	 
	 

	 
	 
	 
	50,000,000
	 
	 

	 
	 
	 
	Preferred Shares
	 
	 

	 
	 
	 
	 
	 
	 

	2.
	Just Energy
	Province of
	unlimited
	(a) 300 Common
	(a) Just Energy Group Inc.

	 
	Corp.*
	Ontario
	number of
	Shares
	 

	 
	 
	 
	Common Shares,
	 
	 

	 
	 
	 
	Class A
	 
	 

	 
	 
	 
	Preference
	 
	 

	 
	 
	 
	Shares and Class
	 
	 

	 
	 
	 
	B Preference
	 
	 

	 
	 
	 
	Shares
	 
	 

	 
	 
	 
	 
	 
	 

	3.
	Just Energy
	Province of
	unlimited
	(a) 872,941 Class A
	(a) Just Energy Group Inc.

	 
	Trading L.P. *
	Ontario
	number of Class
	Limited Partnership
	 

	 
	 
	 
	A Limited
	Units
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	and unlimited
	 
	 

	 
	 
	 
	number of Class
	 
	 

	 
	 
	 
	B Limited
	 
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	 
	(b)  9 Class A
	(b) Just Energy Corp.

	 
	 
	 
	 
	Limited Partnership
	 

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	(c) 265,179 Class B
	(c) Just Energy Group Inc.

	 
	 
	 
	 
	Limited Partnership
	 

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	(d) 3,444 Class B
	(d) Just Energy Corp.

	 
	 
	 
	 
	Limited Partnership
	 

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	(e) 5,214 Class B
	(e) Universal Energy

​
​

	 
	Name of
	Jurisdiction
	Authorized
	Issued Capital
	Owner of Securities

	 
	Obligor -
	 
	Capital
	 
	 

	 
	Restricted
	 
	 
	 
	 

	 
	Subsidiary*,
	 
	 
	 
	 

	 
	Unrestricted
	 
	 
	 
	 

	 
	Subsidiary**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	Limited Partnership
	Corporation

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	4.
	Just Energy
	Province of
	unlimited
	(a) 1 Class A
	(a) Just Energy Corp.

	 
	(B.C.) Limited
	British
	number of
	Limited Partnership
	 

	 
	Partnership*
	Columbia
	Limited
	Unit
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	 
	(b) 2,499 Class A
	(b) Just Energy Trading L.P.

	 
	 
	 
	 
	Limited Partnership
	 

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	(c) 394 Class B
	(c) Just Energy Trading L.P.

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	 
	 

	5.
	Just Energy
	Province of
	unlimited
	(a) 82,478 Class A
	(a) Just Energy Trading L.P.

	 
	Ontario L.P.*
	Ontario
	number of Class
	Units
	 

	 
	 
	 
	A Units and
	 
	 

	 
	 
	 
	unlimited
	 
	 

	 
	 
	 
	number of Class
	 
	 

	 
	 
	 
	B Preferred
	 
	 

	 
	 
	 
	Units
	 
	 

	 
	 
	 
	 
	(b) 3,000 Class A
	(b) Just Energy Corp.

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	(c) 379,671 Class B
	(c) Just Energy Trading

	 
	 
	 
	 
	Preferred Units
	L.P.

	 
	 
	 
	 
	 
	 

	6.
	Just Green
	Province of
	unlimited
	(a) 1 Limited
	(a) Just Energy Corp.

	 
	L.P.*
	Alberta
	number of
	Partnership Unit
	 

	 
	 
	 
	Limited
	 
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	 
	(b) 864,449 Limited
	(b) Just Energy Trading L.P.

	 
	 
	 
	 
	Partnership Units
	 

	 
	 
	 
	 
	 
	 

	7.
	Just Energy
	Province of
	unlimited
	(a) 1 Limited
	(a) Just Energy Corp.

	 
	Québec L.P.*
	Quebec
	number of
	Partnership Unit
	 

	 
	 
	 
	Limited
	 
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	 
	(b) 2,499 Limited
	(b) Just Energy Trading L.P.

	 
	 
	 
	 
	Partnership Units
	 

	 
	 
	 
	 
	 
	 

	8.
	Just Energy
	Province of
	unlimited
	(a) 918 Class A
	(a) Just Energy Trading L.P.

​
​

	 
	Name of
	Jurisdiction
	Authorized
	Issued Capital
	Owner of Securities

	 
	Obligor -
	 
	Capital
	 
	 

	 
	Restricted
	 
	 
	 
	 

	 
	Subsidiary*,
	 
	 
	 
	 

	 
	Unrestricted
	 
	 
	 
	 

	 
	Subsidiary**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	Manitoba L.P.*
	Manitoba
	number of Class
	Units
	 

	 
	 
	 
	A Units and
	 
	 

	 
	 
	 
	unlimited
	 
	 

	 
	 
	 
	number of Class
	 
	 

	 
	 
	 
	B Preferred
	 
	 

	 
	 
	 
	Units
	 
	 

	 
	 
	 
	 
	(b) 82 Class A
	(b) Just Energy Corp.

	 
	 
	 
	 
	Limited Partnership
	 

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	(c) 760 Class B
	(c) Just Energy Trading

	 
	 
	 
	 
	Preferred Units
	L.P.

	 
	 
	 
	 
	 
	 

	9.
	Ontario Energy
	Province of
	unlimited
	(a) 65,183,851
	(a) Just Energy Ontario L.P.

	 
	Commodities
	Ontario
	number of
	Common Shares
	 

	 
	Inc.*
	 
	Common Shares
	 
	 

	 
	 
	 
	 
	(b) 200,781
	(b) Universal Energy

	 
	 
	 
	 
	Common Shares
	Corporation

	 
	 
	 
	 
	(c) 9,782,244
	(c) Just Energy Group Inc.

	 
	 
	 
	 
	Common Shares
	 

	 
	 
	 
	 
	(d) 1,200 Preferred
	(d) Just Energy Group Inc.

	 
	 
	 
	 
	Shares
	 

	 
	 
	 
	 
	 
	 

	10.
	Hudson Energy
	Canada
	unlimited
	100 Common
	Just Energy Group Inc.

	 
	Canada Corp.*
	 
	number of
	Shares
	 

	 
	 
	 
	Common Shares
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	14,000 common
	Just Energy Alberta L.P.

	 
	 
	 
	 
	shares
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	Just Energy Ontario L.P.

	 
	 
	 
	 
	3,166,000 common
	
	 
	 
	 
	 
	shares
	 

	 
	 
	 
	 
	 
	 

	11.
	Just Energy
	State of
	5,000 Common
	(a) 2,897 Common
	(a) Ontario Energy

	 
	(U.S.) Corp.*
	Delaware
	Shares
	Shares
	Commodities Inc.

	 
	 
	 
	 
	(b) 328 Common
	(b) Just Energy Group Inc.

	 
	 
	 
	 
	Shares
	 

	 
	 
	 
	 
	(c) 53 Common
	(c) Just Energy Finance

	 
	 
	 
	 
	Shares
	Canada ULC

	 
	 
	 
	 
	 
	 

	12.
	Just Energy
	State of
	100 Common
	100 Common
	Just Energy (U.S.) Corp.

	 
	Marketing
	Delaware
	Shares
	Shares
	 

	 
	Corp.*
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

​
​

	 
	Name of
	Jurisdiction
	Authorized
	Issued Capital
	Owner of Securities

	 
	Obligor -
	 
	Capital
	 
	 

	 
	Restricted
	 
	 
	 
	 

	 
	Subsidiary*,
	 
	 
	 
	 

	 
	Unrestricted
	 
	 
	 
	 

	 
	Subsidiary**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	13.
	Just Energy
	State of
	5,000 Common
	2,600 Common
	Just Energy (U.S.) Corp.

	 
	Illinois Corp.*
	Delaware
	Shares
	Shares
	 

	 
	 
	 
	 
	 
	 

	14.
	Just Energy
	State of
	100 Common
	100 Common
	Just Energy (U.S.) Corp.

	 
	Indiana Corp.*
	Delaware
	Shares
	Shares
	 

	 
	 
	 
	 
	 
	 

	15.
	Just Energy New
	State of
	5,000 Common
	900 Common
	Just Energy (U.S.) Corp.

	 
	York Corp.*
	Delaware
	Shares
	Shares
	 

	 
	 
	 
	 
	 
	 

	16.
	Just Energy
	State of
	100 Common
	100 Common
	Just Energy (U.S.) Corp.

	 
	Michigan Corp.*
	Delaware
	Shares
	Shares
	 

	 
	 
	 
	 
	 
	 

	17.
	Momentis U.S.
	State of
	100 Common
	100 Common
	Just Energy (U.S.) Corp.

	 
	Corp.**
	Delaware
	Shares
	Shares
	 

	 
	 
	 
	 
	 
	 

	18.
	Just Energy
	State of
	1,000 Common
	1,000 Common
	Just Energy (U.S.) Corp.

	 
	Texas I Corp.*
	Delaware
	Shares
	Shares
	 

	 
	 
	 
	 
	 
	 

	19.
	Just Energy
	State of Texas
	unlimited
	(a) 23,560 Class A1
	(a) Just Energy Texas I

	 
	Texas LP*
	 
	number of Class
	Limited Partnership
	Corp.

	 
	 
	 
	A1 Limited
	Units
	 

	 
	 
	 
	Partnership
	 
	 

	 
	 
	 
	Units, unlimited
	 
	 

	 
	 
	 
	number of Class
	 
	 

	 
	 
	 
	A2 Limited
	 
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	and unlimited
	 
	 

	 
	 
	 
	number of
	 
	 

	 
	 
	 
	General
	 
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	(b) 917 Class A2
	(b) Just Energy Texas I

	 
	 
	 
	 
	Limited Partnership
	Corp.

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	(c) 24.1 General
	(c) Just Energy, LLC

	 
	 
	 
	 
	Partnership Units
	 

	 
	 
	 
	 
	 
	 

	20.
	Just Energy,
	State of Texas
	10,000
	(a) 2,356
	(a) Just Energy Texas I

	 
	LLC*
	 
	Membership
	Membership Units
	Corp.

	 
	 
	 
	Units
	 
	 

	 
	 
	 
	 
	 
	 

​
​

	 
	Name of
	Jurisdiction
	Authorized
	Issued Capital
	Owner of Securities

	 
	Obligor -
	 
	Capital
	 
	 

	 
	Restricted
	 
	 
	 
	 

	 
	Subsidiary*,
	 
	 
	 
	 

	 
	Unrestricted
	 
	 
	 
	 

	 
	Subsidiary**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	21.
	Just Energy
	State of
	1,000 Common
	1,000 Common
	Just Energy (U.S.) Corp.

	 
	Massachusetts
	Delaware
	Shares
	Shares
	 

	 
	Corp.*
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	22.
	Just Energy
	State of
	1,000 Common
	1,000 Common
	Just Energy (U.S.) Corp.

	 
	Connecticut
	Delaware
	Shares
	Shares
	 

	 
	Corp.*
	 
	 
	 
	 

	 
	[pending
	 
	 
	 
	 

	 
	dissolution]
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	23.
	Just Energy
	Province of
	unlimited
	(a) 1 Class A
	(a) Just Energy Corp.

	 
	Alberta L.P.*
	Alberta
	number of
	Limited Partnership
	 

	 
	 
	 
	Limited
	Unit
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	 
	(b) 99 Class A
	(b) Just Energy Trading L.P.

	 
	 
	 
	 
	Limited Partnership
	 

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	(c) 1 Class B
	(c) Just Green L.P.

	 
	 
	 
	 
	Limited Partnership
	 

	 
	 
	 
	 
	Unit
	 

	 
	 
	 
	 
	(d) 131 Class A
	(d) Just Green L.P.

	 
	 
	 
	 
	Limited Partnership
	 

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	 
	 

	24.
	Just Energy
	State of
	1,000 Common
	100 Common
	Just Energy (U.S.) Corp.

	 
	Pennsylvania
	Delaware
	Shares
	Shares
	 

	 
	Corp.*
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	25.
	Just Energy
	Province of
	unlimited
	(a) 18,752 Common
	(a) Ontario Energy

	 
	Finance Canada
	Nova Scotia
	number of
	Shares
	Commodities Inc.

	 
	ULC*
	 
	common shares
	 
	 

	 
	 
	 
	 
	 
	 

	26.
	 
	State of
	100 Common
	 
	Just Energy (U.S.) Corp.

		Just Energy
			100 Common
	
	 
	Limited*
	Delaware
	Shares
	Shares
	 

	 
	 
	 
	 
	 
	 

	27.
	Just Energy
	State of
	unlimited
	100 Common Units
	Just Energy New York

	 
	Advanced
	Delaware
	Common Units
	 
	Corp.

	 
	Solutions LLC*
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

​
​

	 
	Name of
	Jurisdiction
	Authorized
	Issued Capital
	Owner of Securities

	 
	Obligor -
	 
	Capital
	 
	 

	 
	Restricted
	 
	 
	 
	 

	 
	Subsidiary*,
	 
	 
	 
	 

	 
	Unrestricted
	 
	 
	 
	 

	 
	Subsidiary**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	28.
	Just
	Canada
	Unlimited
	100 Common
	Just Energy Group Inc.

	 
	Management
	 
	number of
	Shares
	 

	 
	Corp.*
	 
	Common Shares
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	7,341,420 Class A
	Just Energy Ontario L.P.

	 
	 
	 
	 
	preferred shares
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	1,703,540 Class B
	Just Energy Ontario L.P.

	 
	 
	 
	 
	preferred shares
	 

	 
	 
	 
	 
	 
	 

	29.
	Just Holdings
	Province of
	unlimited
	(a) 1 Class A
	(a) Just Management Corp.

	 
	L.P.**
	Manitoba
	number of Class
	Limited Partnership
	 

	 
	 
	 
	A Limited
	Units
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	and unlimited
	 
	 

	 
	 
	 
	number of Class
	 
	 

	 
	 
	 
	B Limited
	 
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	 
	(b) 1,000 Class A
	(b) Just Energy Group Inc.

	 
	 
	 
	 
	Limited Partnership
	 

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	 
	 

	30.
	Just Ventures
	State of
	Unlimited
	100 Membership
	Just Energy Marketing

	 
	LLC**
	Delaware
	number of
	Interest Units
	Corp.

	 
	 
	 
	Membership
	 
	 

	 
	 
	 
	Interest Units
	 
	 

	 
	 
	 
	 
	 
	 

	31.
	Just Ventures
	Canada
	Unlimited
	100 common shares
	Just Energy Corp.

	 
	GP Corp.**
	 
	number of
	 
	 

	 
	 
	 
	common shares
	 
	 

	 
	 
	 
	 
	 
	 

	32.
	 
	Province of
	Unlimited
	 
	(a) Just Energy Ontario L.P.

		Just Ventures
			(a) 998 Class A
	
	 
	L.P.**
	Ontario
	number of Class
	Limited Partnership
	 

	 
	 
	 
	A Limited
	Units
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	 
	(b) 2 Class A
	(b) Just Ventures GP Corp.

	 
	 
	 
	 
	Limited Partnership
	 

	 
	 
	 
	 
	Units
	 

​
​

	

	

	

	

	

	

	 
	Name of
	Jurisdiction
	Authorized
	Issued Capital
	Owner of Securities

	 
	Obligor -
	 
	Capital
	 
	 

	 
	Restricted
	 
	 
	 
	 

	 
	Subsidiary*,
	 
	 
	 
	 

	 
	Unrestricted
	 
	 
	 
	 

	 
	Subsidiary**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	33.
	Just Energy
	Province of
	unlimited
	(a) 1 Class A
	(a) Just Energy Corp.

	 
	Prairies L.P.*
	Manitoba
	number of Class
	Limited Partnership
	 

	 
	 
	 
	A Limited
	Units
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	and unlimited
	 
	 

	 
	 
	 
	number of Class
	 
	 

	 
	 
	 
	B Limited
	 
	 

	 
	 
	 
	Partnership Units
	 
	 

	 
	 
	 
	 
	(b) 999 Class A
	(b) Just Energy Trading L.P.

	 
	 
	 
	 
	Limited Partnership
	 

	 
	 
	 
	 
	Units
	 

	 
	 
	 
	 
	 
	 

	34.
	Universal
	Province of
	Unlimited
	(a) 100,100
	(a) Just Energy Group Inc.

	 
	Energy
	Ontario
	Common shares
	Common Shares
	 

	 
	Corporation*
	 
	 
	 
	 

	 
	 
	 
	Unlimited Class
	(b) 25, 000,000
	(b) Just Energy Group Inc.

	 
	 
	 
	A Shares
	Class C Shares
	 

	 
	 
	 
	Unlimited Class
	 
	 

	 
	 
	 
	B Shares
	 
	 

	 
	 
	 
	Unlimited Class
	 
	 

	 
	 
	 
	C Shares
	 
	 

	 
	 
	 
	 
	 
	 

	35.
	American Home
	State of
	1,000 common
	100 common voting
	Just Energy (U.S.) Corp.

	 
	Energy Services
	Delaware
	voting shares
	shares
	 

	 
	Corp.**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	36.
	8704104 Canada
	Canada
	Unlimited
	(a) 100 Common
	(a) Just Energy Group Inc.

	 
	Inc. *
	 
	Common Shares
	Shares
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	Unlimited Class
	(b) 9,500,000 Class
	(b) Just Energy Group Inc.

	 
	 
	 
	A Special Shares
	A Special Shares
	 

	 
	 
	 
	 
	 
	 

	37.
	Just Energy
	State of
	50,000,000
	30,553,540
	Just Energy (U.S.) Corp.

	 
	Solutions Inc.*
	California
	Common stock
	Common Stock
	 

	 
	(formerly known
	 
	 
	 
	 

	 
	as Commerce
	 
	 
	 
	 

​
​

	 
	Name of
	Jurisdiction
	Authorized
	Issued Capital
	Owner of Securities

	 
	Obligor -
	 
	Capital
	 
	 

	 
	Restricted
	 
	 
	 
	 

	 
	Subsidiary*,
	 
	 
	 
	 

	 
	Unrestricted
	 
	 
	 
	 

	 
	Subsidiary**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	Energy, Inc.)
	 
	 
	 
	 

	 
	 
	 
	10,000,000
	 
	 

	 
	 
	 
	Preferred Stock
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	1,000,000 Series
	 
	 

	 
	 
	 
	A Convertible
	 
	 

	 
	 
	 
	Preferred Stock
	 
	 

	 
	 
	 
	 
	 
	 

	38.
	Hudson Energy
	State of
	1,500 Common
	1,001 Common
	Just Energy (U.S.) Corp.

	 
	Corp.*
	Delaware
	Shares
	Shares
	 

	 
	 
	 
	 
	 
	 

	39.
	Hudson Parent
	State of
	Unlimited
	(a) 89,328 Preferred
	(a) Hudson Energy Corp.

	 
	Holdings LLC*
	Delaware
	Preferred Units
	Units
	 

	 
	 
	 
	 
	 
	 

	 
	[pending
	 
	Unlimited
	(b) 7,251,158
	(b) Hudson Energy Corp.

	 
	dissolution]
	 
	Common Units
	Common Units
	 

	 
	 
	 
	 
	 
	 

	40.
	Interactive
	State of
	Unlimited
	100 Common Units
	Hudson Parent Holdings

	 
	Energy Group
	Delaware
	Common Units
	 
	LLC

	 
	LLC* (formerly
	 
	 
	 
	 

	 
	known as HE
	 
	 
	 
	 

	 
	Holdings, LLC)
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	41.
	Drag Marketing
	State of
	Unlimited
	1,000 Common
	Hudson Parent Holdings

	 
	LLC*
	Delaware
	Common Units
	Units
	LLC

	 
	[pending
	 
	 
	 
	 

	 
	dissolution]
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	42.
	Hudson Energy
	State of New
	Unlimited
	1,000 Class A
	Interactive Energy Group

	 
	Services LLC*
	Jersey
	Common Units
	Membership
	LLC

	 
	 
	 
	 
	Interests
	 

	 
	 
	 
	 
	 
	 

	43.
	Hudson Energy
	England and
	Unlimited
	1,250,751 ordinary
	Just Energy Group Inc.

	 
	Holdings UK
	Wales
	number of
	shares
	 

	 
	Limited**
	 
	ordinary shares
	 
	 

	 
	 
	 
	 
	 
	 

	44.
	Just Energy
	England and
	Unlimited
	100 ordinary shares
	Just Energy Group Inc.

	 
	(U.K.)
	Wales
	number of
	 
	 

	 
	Limited**
	 
	ordinary shares
	 
	 

	 
	 
	 
	 
	 
	 

	45.
	Fulcrum Retail
	State of Texas
	Unlimited
	10,000,000 units
	Just Energy (U.S.) Corp.

	 
	Holdings LLC*
	 
	Membership
	 
	 

	 
	 
	 
	Units
	 
	 

​
​

	 
	Name of
	Jurisdiction
	Authorized
	Issued Capital
	Owner of Securities

	 
	Obligor -
	 
	Capital
	 
	 

	 
	Restricted
	 
	 
	 
	 

	 
	Subsidiary*,
	 
	 
	 
	 

	 
	Unrestricted
	 
	 
	 
	 

	 
	Subsidiary**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	46.
	Fulcrum Retail
	State of Texas
	Unlimited
	100 units
	Fulcrum Retail Holdings

	 
	Energy LLC*
	 
	Membership
	 
	LLC

	 
	 
	 
	Units
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	47.
	Tara Energy,
	State of Texas
	Unlimited
	100 units
	Fulcrum Retail Holdings

	 
	LLC*
	 
	Membership
	 
	LLC

	 
	 
	 
	Units
	 
	 

	 
	 
	 
	 
	 
	 

	48.
	Just Energy
	Canada (Not
	N/A
	N/A
	N/A

	 
	Foundation
	for Profit)
	 
	 
	 

	 
	Canada **
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	49.
	Just Energy
	State of
	N/A
	N/A
	N/A

	 
	Foundation
	Georgia (Not
	 
	 
	 

	 
	USA, Inc. **
	for Profit)
	 
	 
	 

	 
	 
	 
	 
	 
	 

	50.
	Just Solar
	State of
	1,000 Common
	100 Common Stock
	Just Energy (U.S.) Corp.

	 
	Holdings Corp.*
	Delaware
	Stock
	 
	 

	 
	 
	 
	 
	 
	 

	51.
	Just Energy
	Ireland
	Unlimited
	1 Ordinary Share
	Hudson Energy Holdings

	 
	(Ireland)
	 
	Ordinary Shares
	 
	UK Limited

	 
	Limited**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	52.
	Just Energy
	Germany
	Unlimited
	25,000 Ordinary
	Just Energy (U.K.) Limited

	 
	Germany
	 
	Ordinary Shares
	Shares
	 

	 
	GmbH**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	53.
	JE Services
	Canada
	Unlimited
	100 Common
	8704104 Canada Inc.

	 
	Holdco I Inc.*
	 
	number of
	Shares
	 

	 
	 
	 
	Common Shares
	 
	 

	 
	 
	 
	 
	 
	 

	54.
	JE Services
	Canada
	Unlimited
	100 Common
	8704104 Canada Inc.

	 
	Holdco II Inc.*
	 
	number of
	Shares
	 

	 
	 
	 
	Common Shares
	 
	 

	 
	 
	 
	 
	 
	 

	55.
	JEBPO Services
	India
	N/A
	(a)  99%
	JE Services Holdco I Inc.

	 
	LLP*
	 
	 
	 
	 

	 
	 
	 
	 
	(b) 1%
	JE Services Holdco II Inc.

	 
	 
	 
	 
	 
	 

	56.
	Just Energy
	Ontario
	Unlimited
	100 Common
	Just Energy Corp.

	 
	Advanced
	 
	number of
	Shares
	 

	 
	Solutions Corp.*
	 
	Common Shares
	 
	 

	 
	 
	 
	 
	 
	 

​
​

	 
	Name of
	Jurisdiction
	Authorized
	Issued Capital
	Owner of Securities

	 
	Obligor -
	 
	Capital
	 
	 

	 
	Restricted
	 
	 
	 
	 

	 
	Subsidiary*,
	 
	 
	 
	 

	 
	Unrestricted
	 
	 
	 
	 

	 
	Subsidiary**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	57.
	JEAS Holdings
	Province of
	unlimited
	(a) 1 Class A Units
	(a) Just Energy Corp.

	 
	L.P.**
	Ontario
	number of Class
	 
	 

	 
	 
	 
	A Units and
	 
	 

	 
	 
	 
	unlimited
	 
	 

	 
	 
	 
	number of Class
	 
	 

	 
	 
	 
	B Units
	 
	 

	 
	 
	 
	 
	(b) 99 Class A Units
	(b) Just Energy Advanced

	 
	 
	 
	 
	 
	Solutions Corp.

	 
	 
	 
	 
	 
	 

	58.
	Just Energy
	Province of
	unlimited
	235,000,001
	Just Energy Group Inc.

	 
	Finance Holding
	Ontario
	number of
	common shares
	 

	 
	Inc.*
	 
	common shares
	 
	 

	 
	 
	 
	 
	 
	 

	59.
	Just Energy
	Hungary
	N/A
	1 ordinary share
	Just Energy Finance

	 
	(Finance)
	 
	 
	 
	Holding Inc.

	 
	Hungary Zrt.*
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	60.
	Filter Group
	Canada
	unlimited
	(a) 128,245 Class A
	8704104 Canada Inc.

	 
	Inc.**
	 
	number of Class
	common shares
	 

	 
	 
	 
	A common
	(b) 128,245 Class B
	 

	 
	 
	 
	shares,
	common shares
	 

	 
	 
	 
	unlimited
	 
	 

	 
	 
	 
	number of Class
	 
	 

	 
	 
	 
	B common
	 
	 

	 
	 
	 
	shares,
	 
	 

	 
	 
	 
	unlimited
	 
	 

	 
	 
	 
	number of
	 
	 

	 
	 
	 
	common shares,
	 
	 

	 
	 
	 
	unlimited
	 
	 

	 
	 
	 
	number of Class
	 
	 

	 
	 
	 
	A preferred
	 
	 

	 
	 
	 
	shares, and
	 
	 

	 
	 
	 
	unlimited
	 
	 

	 
	 
	 
	number of Class
	 
	 

	 
	 
	 
	B preferred
	 
	 

	 
	 
	 
	shares
	 
	 

	 
	 
	 
	 
	 
	 

	61.
	Filter Group
	Delaware
	1,500 common
	100 common shares
	Filter Group Inc.

​
​

	 
	Name of
	Jurisdiction
	Authorized
	Issued Capital
	Owner of Securities

	 
	Obligor -
	 
	Capital
	 
	 

	 
	Restricted
	 
	 
	 
	 

	 
	Subsidiary*,
	 
	 
	 
	 

	 
	Unrestricted
	 
	 
	 
	 

	 
	Subsidiary**
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	USA Inc.**
	 
	shares
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	62.
	11929747
	Canada
	Unlimited
	(a) 100 common
	Just Energy Group Inc.

	 
	Canada Inc.*
	 
	number of
	shares
	 

	 
	 
	 
	common shares
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	Unlimited
	(b) 210,000,000
	Hudson Energy Canada

	 
	 
	 
	number of Series
	Series A Preference
	Corp.

	 
	 
	 
	A Preference
	Shares
	 

	 
	 
	 
	Shares
	 
	 

	 
	 
	 
	 
	 
	 

	63.
	12175592
	Canada
	Unlimited
	10 common shares
	Just Energy Group Inc.

	 
	Canada Inc.*
	 
	number of
	 
	 

	 
	 
	 
	common shares
	 
	 

	 
	 
	 
	 
	 
	 

	64.
	Just Energy
	Germany
	Unlimited
	(a) 23,750 common
	(a) Just Energy Germany

	 
	Deutschland
	 
	number of
	shares
	GmbH

	 
	GmbH**
	 
	common shares
	(b) 1,250 common
	(b) Dieter Helmut Scott

	 
	 
	 
	 
	shares
	 

	 
	 
	 
	 
	 
	 

	65.
	Just Energy
	Barbados
	Unlimited
	100 common shares
	Ontario Energy

	 
	Services
	 
	number of
	 
	Commodities Inc.

	 
	Limited**
	 
	common shares
	 
	 

	 
	 
	 
	 
	 
	 

​
​

​
SCHEDULE A(16)
​
RELEVANT JURISDICTIONS
​
	Entity
	Jurisdiction
	Organizational
	Location of
	Address from
	Chief
	Registered
	Books

	 
	 
	Registration
	Tangible
	which
	Executive
	Office
	and Records

	 
	 
	Number
	Property
	invoices
	Office
	 
	 

	 
	 
	 
	 
	are issued
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	Just Energy
	Canada
	750207-9
	Ontario
	80
	First
	First
	First

	Group Inc.
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	Just Energy
	Ontario
	LP11837473
	Ontario
	80
	First
	First
	First

	Ontario L.P.
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	 
	 
	 
	 
	 
	 
	 
	 

	Just Energy
	Ontario
	1733628
	Ontario
	80
	First
	First
	First

	Corp.
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	Just Energy
	Ontario
	140854530
	None
	80
	First
	First
	First

	Trading L.P.
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	 
	 
	 
	 
	 
	 
	 
	 

	Just Energy
	Quebec
	N/A
	Québec
	80
	First
	First
	First

	Quebec L.P.
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

​
​

	Entity
	Jurisdiction
	Organizational
	Location of
	Address from
	Chief
	Registered
	Books

	 
	 
	Registration
	Tangible
	which
	Executive
	Office
	and Records

	 
	 
	Number
	Property
	invoices
	Office
	 
	 

	 
	 
	 
	 
	are issued
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	Just Energy
	British
	N/A
	British
	80
	First
	First
	First

	(B.C.) Limited
	Columbia
	 
	Columbia
	Courtneypark
	Canadian
	Canadian
	Canadian

	Partnership
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	 
	 
	 
	 
	 
	 
	 
	 

	Ontario Energy
	Ontario
	1512568
	None
	80
	First
	First
	First

	Commodities
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	Inc.
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	Just Energy
	Delaware
	3437441
	Texas
	80
	5251
	5251
	5251

	(U.S.) Corp.
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Just Energy
	Manitoba
	N/A
	Manitoba
	80
	First
	First
	First

	Manitoba L.P.
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

​
​

	Entity
	Jurisdiction
	Organizational
	Location of
	Address from
	Chief
	Registered
	Books

	 
	 
	Registration
	Tangible
	which
	Executive
	Office
	and Records

	 
	 
	Number
	Property
	invoices
	Office
	 
	 

	 
	 
	 
	 
	are issued
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	Just Energy
	Delaware
	3698192
	Illinois
	80
	5251
	5251
	5251

	Illinois Corp.
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Just Energy
	Delaware
	3698189
	Indiana
	80
	5251
	5251
	5251

	Indiana Corp.
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Just Energy
	Delaware
	3832304
	New York
	80
	5251
	5251
	5251

	New York Corp.
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Just Energy
	Delaware
	4101099
	Texas
	80
	5251
	5251
	5251

	Texas I Corp.
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	 
	 
	 
	 
	 
	 
	 
	 

	Just Energy
	Texas
	0800661333
	Texas
	80
	5251
	5251
	5251

	Texas LP
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Just Energy,
	Texas
	0800074936
	None
	80
	5251
	5251
	5251

	LLC
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Just Energy
	Delaware
	4412363
	Massachusetts
	80
	5251
	5251
	5251

	Massachusetts
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	Corp.
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

​
​

	Entity
	Jurisdiction
	Organizational
	Location of
	Address from
	Chief
	Registered
	Books

	 
	 
	Registration
	Tangible
	which
	Executive
	Office
	and Records

	 
	 
	Number
	Property
	invoices
	Office
	 
	 

	 
	 
	 
	 
	are issued
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Just Energy
	Alberta
	N/A
	Alberta
	80
	First
	First
	First

	Alberta L.P.
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	 
	 
	 
	 
	 
	 
	 
	 

	Just Energy
	Delaware
	4659209
	Pennsylvania
	80
	5251
	5251
	5251

	Pennsylvania
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	Corp.
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Just Energy
	Delaware
	4492197
	Connecticut
	80
	5251
	5251
	5251

	Connecticut
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	Corp.
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Just Energy
	Delaware
	4675061
	None
	80
	5251
	5251
	5251

	Limited
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Just Energy
	Delaware
	3745362
	Ontario
	80
	5251
	5251
	5251

	Marketing Corp.
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	 
	 
	 
	 
	 
	 
	 
	 

	Universal
	Ontario
	1640183
	Ontario
	80
	First
	First
	First

	Energy
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	Corporation
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

​
​

	Entity
	Jurisdiction
	Organizational
	Location of
	Address from
	Chief
	Registered
	Books

	 
	 
	Registration
	Tangible
	which
	Executive
	Office
	and Records

	 
	 
	Number
	Property
	invoices
	Office
	 
	 

	 
	 
	 
	 
	are issued
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	Just Energy
	California
	C1909805
	California,
	80
	5251
	5251
	5251

	Solutions Inc.
	 
	 
	Maryland,
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	(formerly
	 
	 
	Michigan,
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	known as
	 
	 
	New Jersey,
	Mississauga,
	1000
	1000
	1000

	Commerce
	 
	 
	Ohio,
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	Energy, Inc.)
	 
	 
	Pennsylvania
	 
	Texas 77056
	Texas 77056
	Texas 77056

	 
	 
	 
	New York
	 
	 
	 
	 

	 
	 
	 
	and Nevada
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	Just Energy
	Nova Scotia
	3241239
	None
	80
	First
	First
	First

	Finance Canada
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	ULC
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	Just Energy
	Delaware
	3720535
	Michigan
	80
	5251
	5251
	5251

	Michigan Corp.
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Hudson Energy
	Delaware
	4113503
	None
	80
	5251
	5251
	5251

	Corp.
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Hudson Parent
	Delaware
	4135199
	None
	80
	5251
	5251
	5251

	Holdings LLC
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

​
​

	Entity
	Jurisdiction
	Organizational
	Location of
	Address from
	Chief
	Registered
	Books

	 
	 
	Registration
	Tangible
	which
	Executive
	Office
	and Records

	 
	 
	Number
	Property
	invoices
	Office
	 
	 

	 
	 
	 
	 
	are issued
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	Interactive
	Delaware
	4667879
	New York,
	80
	5251
	5251
	5251

	Energy Group
	 
	 
	Texas
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	LLC (formerly
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	known as HE
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	Holdings, LLC)
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Hudson Energy
	New Jersey
	0400015448
	New York,
	80
	5251
	5251
	5251

	Services LLC
	 
	 
	Texas
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Drag Marketing
	Delaware
	4136040
	Florida
	80
	5251
	5251
	5251

	LLC
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Hudson Energy
	Canada
	756028-1
	Ontario
	80
	First
	First
	First

	Canada Corp.
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	 
	 
	 
	 
	 
	 
	 
	 

	Just Energy
	Delaware
	4887030
	None
	80
	5251
	5251
	5251

	Advanced
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	Solutions LLC
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas

	 
	 
	 
	 
	 
	 
	 
	770564

​
​

	Entity
	Jurisdiction
	Organizational
	Location of
	Address from
	Chief
	Registered
	Books

	 
	 
	Registration
	Tangible
	which
	Executive
	Office
	and Records

	 
	 
	Number
	Property
	invoices
	Office
	 
	 

	 
	 
	 
	 
	are issued
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	Fulcrum Retail
	Texas
	0801141765
	Texas
	80
	5251
	5251
	5251

	Holdings LLC
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Fulcrum Retail
	Texas
	0800173077
	Texas
	80
	5251
	5251
	5251

	Energy LLC
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Tara Energy,
	Texas
	0801157492
	Texas
	80
	5251
	5251
	5251

	LLC
	 
	 
	 
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	 
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	 
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	 
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	 
	 
	Texas 77056
	Texas 77056
	Texas 77056

	 
	 
	 
	 
	 
	 
	 
	 

	Just Green L.P.
	Alberta
	LP11326733
	Alberta
	80
	First
	First
	First

	 
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	Just Energy
	Manitoba
	6457364
	Ontario
	80
	First
	First
	First

	Prairies L.P.
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	 
	 
	 
	 
	 
	 
	 
	 

	Just
	Canada
	798857-5
	Ontario
	80
	First
	First
	First

	Management
	 
	 
	 
	Courtneypark
	Canadian
	Canadian
	Canadian

	Corp.
	 
	 
	 
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	 
	Mississauga,
	King Street
	King Street
	King Street

​
​

	Entity
	Jurisdiction
	Organizational
	Location of
	Address from
	Chief
	Registered
	Books

	 
	 
	Registration
	Tangible
	which
	Executive
	Office
	and Records

	 
	 
	Number
	Property
	invoices
	Office
	 
	 

	 
	 
	 
	 
	are issued
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	 
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	 
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	 
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	 
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	 
	 
	Canada
	Canada
	Canada

	 
	 
	 
	 
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	Just Solar
	Delaware
	5666263
	5251
	80
	5251
	5251
	5251

	Holdings Corp.
	 
	 
	Westheimer
	Courtneypark
	Westheimer
	Westheimer
	Westheimer

	 
	 
	 
	Road, Ste.
	Drive West,
	Road, Ste.
	Road, Ste.
	Road, Ste.

	 
	 
	 
	1000
	Mississauga,
	1000
	1000
	1000

	 
	 
	 
	Houston,
	ON L5W 0B3
	Houston,
	Houston,
	Houston,

	 
	 
	 
	Texas 77056
	 
	Texas 77056
	Texas 77056
	Texas 77056

	Just Energy
	Ontario
	2518801
	First
	80
	First
	First
	First

	Advanced
	 
	 
	Canadian
	Courtneypark
	Canadian
	Canadian
	Canadian

	Solutions Corp.
	 
	 
	Place, 100
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	King Street
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	West Suite
	ON L5W 0B3
	West Suite
	West Suite
	West Suite

	 
	 
	 
	2630, P.O.
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	Box 355
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	Toronto,
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	Ontario
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	Canada
	 
	Canada
	Canada
	Canada

	 
	 
	 
	M5X 1E1
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	 
	 
	 
	 
	 
	 
	 
	 

	Just Energy
	Ontario
	2639395
	First
	80
	First
	First
	First

	Finance Holding
	 
	 
	Canadian
	Courtneypark
	Canadian
	Canadian
	Canadian

	Inc.
	 
	 
	Place, 100
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	King Street
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	West, Suite
	ON L5W 0B3
	West, Suite
	West, Suite
	West, Suite

	 
	 
	 
	2630, P.O.
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	Box 355
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	Toronto,
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	Ontario
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	Canada
	 
	Canada
	Canada
	Canada

	 
	 
	 
	M5X 1E1
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	Just Energy
	Hungary
	01-10-049893
	H-1062
	80
	H-1062
	H-1062
	H-1062

	(Finance)
	 
	 
	Budapest,
	Courtneypark
	Budapest,
	Budapest,
	Budapest,

	Hungary Zrt.
	 
	 
	Váci út 1-3.
	Drive West,
	Váci út 1-3.
	Váci út 1-3.
	Váci út 1-3.

	 
	 
	 
	“A” tower, 6th​
	Mississauga,
	“A” tower,
	“A” tower,
	“A” tower,

	 
	 
	 
	floor
	ON L5W 0B3
	6th floor
	6th floor
	6th floor

	 
	 
	 
	 
	 
	 
	 
	First

	 
	 
	 
	 
	 
	 
	 
	Canadian

	 
	 
	 
	 
	 
	 
	 
	Place, 100

	 
	 
	 
	 
	 
	 
	 
	King Street

	 
	 
	 
	 
	 
	 
	 
	West Suite

	 
	 
	 
	 
	 
	 
	 
	2630, P.O.

	 
	 
	 
	 
	 
	 
	 
	Box 355

	 
	 
	 
	 
	 
	 
	 
	Toronto,

​
​

	Entity
	Jurisdiction
	Organizational
	Location of
	Address from
	Chief
	Registered
	Books

	 
	 
	Registration
	Tangible
	which
	Executive
	Office
	and Records

	 
	 
	Number
	Property
	invoices
	Office
	 
	 

	 
	 
	 
	 
	are issued
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	Ontario

	 
	 
	 
	 
	 
	 
	 
	Canada

	 
	 
	 
	 
	 
	 
	 
	M5X 1E1

	 
	 
	 
	 
	 
	 
	 
	 

	11929747 Canada
	Canada
	1192974-7
	First
	80
	First
	First
	First

	Inc.
	 
	 
	Canadian
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	Place, 100
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	King Street
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	West, Suite
	ON L5W 0B3
	West, Suite
	West, Suite
	West, Suite

	 
	 
	 
	2630, P.O.
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	Box 355
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	Toronto,
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	Ontario
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	Canada
	 
	Canada
	Canada
	Canada

	 
	 
	 
	M5X 1E1
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	12175592 Canada
	Canada
	1217559-2
	First
	80
	First
	First
	First

	Inc.
	 
	 
	Canadian
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	Place, 100
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	King Street
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	West, Suite
	ON L5W 0B3
	West, Suite
	West, Suite
	West, Suite

	 
	 
	 
	2630, P.O.
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	Box 355
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	Toronto,
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	Ontario
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	Canada
	 
	Canada
	Canada
	Canada

	 
	 
	 
	M5X 1E1
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	 
	 
	 
	 
	 
	 
	 
	 

	JE Services
	Canada
	994141-0
	First
	80
	First
	First
	First

	Holdco I Inc.
	 
	 
	Canadian
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	Place, 100
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	King Street
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	West, Suite
	ON L5W 0B3
	West, Suite
	West, Suite
	West, Suite

	 
	 
	 
	2630, P.O.
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	Box 355
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	Toronto,
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	Ontario
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	Canada
	 
	Canada
	Canada
	Canada

	 
	 
	 
	M5X 1E1
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	JE Services
	Canada
	994143-6
	First
	80
	First
	First
	First

	Holdco II Inc.
	 
	 
	Canadian
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	Place, 100
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	King Street
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	West, Suite
	ON L5W 0B3
	West, Suite
	West, Suite
	West, Suite

	 
	 
	 
	2630, P.O.
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	Box 355
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	Toronto,
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	Ontario
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	Canada
	 
	Canada
	Canada
	Canada

	 
	 
	 
	M5X 1E1
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

	 
	 
	 
	 
	 
	 
	 
	 

​
​

	Entity
	Jurisdiction
	Organizational
	Location of
	Address from
	Chief
	Registered
	Books

	 
	 
	Registration
	Tangible
	which
	Executive
	Office
	and Records

	 
	 
	Number
	Property
	invoices
	Office
	 
	 

	 
	 
	 
	 
	are issued
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	JEBPO Services
	India
	AAI-4133
	Ground Floor,
	80
	Ground
	Ground
	First

	LLP
	 
	 
	Block 2B
	Courtneypark
	Floor, Block
	Floor, Block
	Canadian

	 
	 
	 
	(Hibiscus)
	Drive West,
	2B
	2B
	Place, 100

	 
	 
	 
	Tower 3
	Mississauga,
	(Hibiscus)
	(Hibiscus)
	King Street

	 
	 
	 
	Embassy
	ON L5W 0B3
	Tower 3
	Tower 3
	West, Suite

	 
	 
	 
	Tech Village
	 
	Embassy
	Embassy
	2630, P.O.

	 
	 
	 
	(SEZ), Outer
	 
	Tech Village
	Tech Village
	Box 355

	 
	 
	 
	Ring Road
	 
	(SEZ), Outer
	(SEZ), Outer
	Toronto,

	 
	 
	 
	Bengaluru
	 
	Ring Road
	Ring Road
	Ontario

	 
	 
	 
	Bangalore
	 
	Bengaluru
	Bengaluru
	Canada

	 
	 
	 
	KA 560103
	 
	Bangalore
	Bangalore
	M5X 1E1

	 
	 
	 
	IN
	 
	KA 560103
	KA 560103
	 

	 
	 
	 
	 
	 
	IN
	IN
	 

	8704104 Canada
	Canada
	8704104
	First
	80
	First
	First
	First

	Inc.
	 
	 
	Canadian
	Courtneypark
	Canadian
	Canadian
	Canadian

	 
	 
	 
	Place, 100
	Drive West,
	Place, 100
	Place, 100
	Place, 100

	 
	 
	 
	King Street
	Mississauga,
	King Street
	King Street
	King Street

	 
	 
	 
	West, Suite
	ON L5W 0B3
	West, Suite
	West, Suite
	West, Suite

	 
	 
	 
	2630, P.O.
	 
	2630, P.O.
	2630, P.O.
	2630, P.O.

	 
	 
	 
	Box 355
	 
	Box 355
	Box 355
	Box 355

	 
	 
	 
	Toronto,
	 
	Toronto,
	Toronto,
	Toronto,

	 
	 
	 
	Ontario
	 
	Ontario
	Ontario
	Ontario

	 
	 
	 
	Canada
	 
	Canada
	Canada
	Canada

	 
	 
	 
	M5X 1E1
	 
	M5X 1E1
	M5X 1E1
	M5X 1E1

​
​
​

​
SCHEDULE A(18)
​
INTELLECTUAL PROPERTY
​
Trademarks
​
	TRADEMARK
	ENTITY
	COUNTRY
	APPLICATION /

	 
	 
	 
	REGISTRATION

	 
	 
	 
	NUMBER

	 
	 
	 
	 

	ONTARIO ENERGY
	Just Energy Group Inc.
	Canada
	TMA619698

	SAVINGS CORP. &
	 
	 
	 

	FLAG Design
	 
	 
	 

	 
	 
	 
	 

	THE ENERGY
	Just Energy Group Inc.
	Canada
	TMA688634

	SAVINGS GROUP &
	 
	 
	 

	Design
	 
	 
	 

	 
	 
	 
	 

	JUST ENERGY &
	Just Energy Group Inc.
	Canada
	TMA768038

	DESIGN
	 
	 
	 

	 
	 
	 
	 

	JUST ENERGY
	Just Energy Group Inc.
	Canada
	TMA775273

	 
	 
	 
	 

	JUST ENERGY
	Just Energy Group Inc.
	Canada
	TMA774244

	 
	 
	 
	 

	JUST ENERGY GROUP
	Just Energy Group Inc.
	Canada
	TMA821985

	 
	 
	 
	 

	JUSTGREEN
	Just Energy Group Inc.
	Canada
	TMA800468

	 
	 
	 
	 

	JUSTCLEAN
	Just Energy Group Inc.
	Canada
	TMA800467

	 
	 
	 
	 

	JUSTREWARDS
	Just Energy Group Inc.
	Canada
	TMA840225

	 
	 
	 
	 

	COMMERCE ENERGY
	Just Energy Group Inc.
	Canada
	TMA834723

	 
	 
	 
	 

	GIVING YOU THE
	Universal Energy
	Canada
	TMA731578

	POWER TO SAVE
	Corporation
	 
	 

	 
	 
	 
	 

	UNIVERSAL ENERGY
	Universal Energy
	Canada
	TMA673419

	 
	Corporation
	 
	 

	 
	 
	 
	 

	PRICE PROTECTION
	Universal Energy
	Canada
	TMA709610

	PLUS
	Corporation
	 
	 

	 
	 
	 
	 

	FIGHT BACK
	Universal Energy
	Canada
	TMA709609

	AGAINST HIGH
	Corporation
	 
	 

	ENERGY PRICES
	 
	 
	 

	 
	 
	 
	 

	UNIVERSAL POWER
	Universal Energy
	Canada
	TMA725654

	 
	Corporation
	 
	 

	 
	 
	 
	 

	HUDSON ENERGY
	Hudson Energy Canada
	Canada
	TMA826363

	 
	Corp.
	 
	 

	 
	 
	 
	 

	PREDICT-A-BILL
	Just Energy Group Inc.
	Canada
	TMA840682

	 
	 
	 
	 

​

	TRADEMARK
	ENTITY
	COUNTRY
	APPLICATION /

	 
	 
	 
	REGISTRATION

	 
	 
	 
	NUMBER

	 
	 
	 
	 

	 
	 
	 
	 

	TARA ENERGY
	Just Energy Group Inc.
	Canada
	TMA887538

	 
	 
	 
	 

	ENERGY MADE EASY
	Just Energy Group Inc.
	Canada
	TMA905281

	 
	 
	 
	 

	CLIMATE SAVER
	Just Energy Group Inc.
	Canada
	TMA840226

	 
	 
	 
	 

	TERRAPASS DESIGN
	Just Energy Advanced
	Canada
	TMA1041029

	 
	Solution LLC
	 
	 

	 
	 
	 
	 

	TERRAPASS
	Just Energy Advanced
	Canada
	TMA755982

	 
	Solution LLC
	 
	 

	 
	 
	 
	 

	JUST ENERGY
	Just Energy Group Inc.
	USA
	3848587

	 
	 
	 
	 

	JUST ENERGY
	Just Energy Group Inc.
	USA
	3666093

	 
	 
	 
	 

	JUST ENERGY GROUP
	Just Energy Group Inc.
	USA
	4187070

	 
	 
	 
	 

	FLOWER DESIGN
	Just Energy Group Inc.
	USA
	3861733

	 
	 
	 
	 

	TARA ENERGY
	Just Energy Group Inc.
	USA
	88787615

	 
	 
	 
	 

	JUSTGREEN
	Just Energy Group Inc.
	USA
	3905420

	 
	 
	 
	 

	TERRAPASS DESIGN
	Just Energy Advanced
	USA
	5323333

	 
	Solution LLC
	 
	 

	 
	 
	 
	 

	TERRAPASS
	Just Energy Advanced
	USA
	5323332

	 
	Solution LLC
	 
	 

	 
	 
	 
	 

	HUDSON ENERGY
	Hudson Energy Services
	USA
	3950313

	 
	LLC
	 
	 

	 
	 
	 
	 

	TARA ENERGY
	Tara Energy, LLC
	USA
	3001649

	 
	 
	 
	 

	SMART PREPAID
	Tara Energy, LLC
	USA
	4022479

	ELECTRIC
	 
	 
	 

	 
	 
	 
	 

​
Patents
​
	PATENT
	ENTITY
	COUNTRY
	APPLICATION

	 
	 
	 
	NUMBER

	 
	 
	 
	 

	Automatically
	Hudson Energy
	USA
	11/856005

	refreshing tailored
	Services LLC
	 
	 

	pricing for retail
	 
	 
	 

	energy market
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	Determining tailored
	Hudson Energy
	USA
	11/856001

	pricing for retail
	Services LLC
	 
	 

	energy market
	 
	 
	 

​
​

	PATENT
	ENTITY
	COUNTRY
	APPLICATION

	 
	 
	 
	NUMBER

	 
	 
	 
	 

	 
	 
	 
	 

	Tailored pricing for
	Hudson Energy
	PCT
	PCT/US2008/074923

	retail energy market
	Services LLC
	 
	 

	 
	 
	 
	 

	Water filtration
	Filter Group Inc.
	Canada
	2999315

	apparatus with
	 
	 
	 

	improved filter
	 
	 
	 

	cartridge housing and
	 
	 
	 

	distributor
	 
	 
	 

	 
	 
	 
	 

	Water filtration
	Filter Group Inc.
	USA
	15/911001

	apparatus with top-
	 
	 
	 

	loading filter cartridge
	 
	 
	 

	housing
	 
	 
	 

	 
	 
	 
	 

​

​
SCHEDULE A(21)
​
ENVIRONMENTAL REPORTS
​
Nil.
​
​

​
Schedule B
​
Supplemental Covenants
​
(See attached)
​
​

​
SCHEDULE B
​
Covenants
​
During the Accommodation Period and except as otherwise permitted by the prior written consent of the Lenders, each Borrower will and will cause each other Obligor to do the following:
​
(1)         Timely Payment Make due and timely payment of the Obligations required to be paid by it under this Agreement.
​
(2)        Conduct of Business, Maintenance of Existence, Compliance with Laws Subject to any necessary Order or authorization of the Court, (a) engage in business of the same general type as now conducted by it; (b) carry on and conduct its business and operations in a proper, efficient and businesslike manner, in accordance with good business practice; (c) except as otherwise permitted by the CCAA Proceedings, preserve, renew and keep in full force and effect its existence; (d) take all action necessary to maintain all material registrations, material licenses, material rights, material privileges and franchises necessary or desirable in the normal conduct of its business; and (e) comply in all material respects with all Requirements of Law, including without limitation, Requirements of Environmental Law.
​
(3)         Insurance Maintain or cause to be maintained with reputable insurers, coverage against risk of loss or damage to its Property (including public liability and damage to property of third parties), business interruption insurance, fire and extended peril insurance and boiler and machinery insurance of such types as is customary for and would be maintained by a corporation with an established reputation engaged in the same or similar business in similar locations and provide to the Agent, on an annual basis, if requested, evidence of such coverage.
​
(4)         Notice of Termination Event Promptly notify the Agent of any Termination Event hereunder that would apply to it or to any Obligor of which it becomes aware.
​
(5)         Notice of Material Adverse Effect Promptly notify the Agent of any condition (financial or otherwise), event or change in its or any other Obligor’s business, liabilities, operations, results of operations, assets or prospects which would reasonably be expected to have a Material Adverse Effect.
​
(6)         Other Notices Promptly, upon having knowledge, give notice to the Agent of:
​
(a)         any violation of any Applicable Law, which does or could reasonably be expected to have a Material Adverse Effect;
​
(b)         any termination or expiration of or default under a Material Contract or Material Licence;
​
(c)         any damage to or destruction of any property, real or personal, of any Obligor having a replacement cost in excess of $2,500,000;
​
(d)        the receipt of insurance proceeds by any Obligor in excess of $2,500,000;
​
(e)         any change in the regulatory framework relating to the energy market which is materially adverse to the Business or could reasonably be expected to be materially adverse to the Business with the passage of time;
​
(f)         any Lien registered against any property or assets of any Obligor, other than a Permitted Lien (as defined in the DIP Term Sheet);
​
(g)         any entering into of a Material Contract or Material Licence, together with a true copy thereof;
​
(h)        any assignment of a Material Contract by the counterparty thereto; or
​
(i)         the delivery by ERCOT (as defined in the Intercreditor Agreement) of any settlement proposals in connection with the “black swan” weather events that occurred in the State of Texas in February 2021, together with a true copy thereof.
​
​

​
(7)        Computer Software Own or license for use or otherwise maintain the right to use all of the material software necessary to conduct its businesses and in all material respects, properly maintain and keep in good working order for the purposes of on-going operation, all Computer Equipment owned or used by an Obligor and necessary for the conduct of business, subject to ordinary wear and tear for Computer Equipment of comparable age and lost or damaged Computer Equipment replaced or repaired to the extent required to conduct its Business.
​
(8)         Intellectual Property Maintain rights sufficient for it to use all the Intellectual Property reasonably necessary for the conduct of its business and not knowingly infringe or misappropriate in any material way the intellectual property rights of any other Person.
​
(9)         Environmental Compliance Operate its business in compliance in all material respects with all applicable material Requirements of Environmental Laws and operate all Property owned, leased or otherwise occupied by it with a view to ensuring that no material obligation, including a clean-up or remedial obligation, will arise in respect of an Obligor under any Requirements of Environmental Law; provided however, that if any such obligation arises, the applicable Obligor will promptly satisfy or contest such obligation at its own cost and expense. It will promptly notify the Lender, to the extent not disclosed as of the date hereof, upon (i) learning of the existence of Hazardous Substance located on, above or below the surface of any land which it owns, leases, operates, occupies or controls (except those being stored, used or otherwise handled in substantial compliance with applicable Requirements of Environmental Law), or contained in the soil or water constituting such land and (ii) the occurrence of any lawfully reportable release, spill, leak, emission, discharge, leaching, dumping or disposal of Hazardous Substances that has occurred on or from such land which, in either case, is likely to result in liability under Requirements of Environmental Law.
​
(10)       Maintenance of Property Subject to any necessary CCAA Order or authorization of the Canadian Court, keep all Property necessary in its business in good working order and condition, normal wear and tear excepted, save for lost or damaged Property replaced or repaired to the extent required to conduct its Business.
​
(11)        ERISA Matters
​
(a)          Maintain each ERISA Plan in compliance in all material respects with all applicable Requirements of Law;
​
(b)         refrain from adopting, participating in or becoming obligated with respect to any US Pension Plan or multiemployer plan as defined in Section 4001(a)(3) of ERISA without the prior written consent of the Agent (at the direction of the Majority Lenders); and
​
(c)         promptly notify the Agent on becoming aware of (i) the institution of any steps by any Person to terminate any US Pension Plan, (ii) the failure of any Obligor to make a required contribution to any US Pension Plan if such failure is sufficient to give rise to an Lien under Section 303(k) of ERISA, (iii) the taking of any action with respect to a US Pension Plan which is reasonably likely to result in the requirement that any Obligor furnish a bond or other security to the US Pension Benefit Guaranty Corporation under ERISA or such Pension Plan, or (iv) the occurrence of any event with respect to any ERISA Plan which is reasonably likely to result in any Obligor incurring any liability, fine or penalty in excess of $5,000,000, and following notice to the Agent thereof, provide copies of all documentation relating thereto if requested by the Agent or any Lender.
​
(12)       Canadian Pension Plans
​
(a)          maintain each Canadian Pension Plan in compliance in all material respects with all applicable Requirements of Law;
​
(b)          refrain from adopting, participating in or becoming obligated with respect to any Specified Canadian Pension Plan; and
​
(c)         promptly notify the Agent on becoming aware of (i) the institution of any steps by any Person to terminate any Canadian Pension Plan, (ii) the failure of any Obligor to make a required contribution to any Canadian Pension Plan if such failure is sufficient to give rise to a deemed trust or lien under applicable pension benefits standards laws, or (iii) the occurrence of any event with respect to any Canadian Pension Plan or Canadian Welfare Plan which is reasonably likely to result in any Obligor incurring any liability, fine or penalty in excess of $5,000,000, and following notice to the Agent thereof, provide copies of all documentation relating thereto if requested by the Agent or any Lender.
​

​
(13)        Employee Benefit and Welfare Plans Maintain all employee benefit and Canadian Welfare Plans relating to the Business in compliance in all material respects with all Applicable Laws and ensure that all premiums and payments relating to employee benefits and pensions are paid as due.
​
(14)       Additional Information Promptly provide the Agent, upon receipt thereof, with copies of all “management letters” or other material letters submitted by independent public accountants in connection with audited financial statements described in Section 18 of this Schedule B raising issues associated with the audit of the Obligors.
​
(15)       ERCOT Related Settlements; Priority Commodity/ISO Charge On Thursday of each week, for the immediately preceding Friday, provide an estimate of (i) ERCOT related settlements in connection with the “black swan” weather events that occurred in the State of Texas in February 2021 and (ii) the amount of the Priority Commodity/ISO Charge.
​
(16)       LDC Agreements Promptly provide to the Agent copies of any notices received from LDCs in connection with any collections, services, agreements or any Transportation Agreements, requests to increase the billing service amount under any Collection Services Agreements, offsets or material matters under any LDC Agreement, in each case which would reasonably be expected to have a Material Adverse Effect.
​
(17)       Reporting Requirements Except as otherwise permitted by the prior written consent of the Agent (at the discretion of the Majority Lenders), the Obligors will:
​
(a)          Annual Reports As soon as available and in any event within 120 days after the end of each Fiscal Year, cause to be prepared and delivered to the Agent the audited consolidated financial statements of JustEnergy, including, without limitation, a balance sheet, statement of equity, income statement and cash flow statement, certified by the chief financial officer of JustEnergy.
​
(b)         Quarterly Reports 
​
(i)          As soon as available and in any event within 60 days of the end of each of its first three Fiscal Quarters of each Fiscal Year, cause to be prepared and delivered to the Agent as at the end of such Fiscal Quarter the unaudited interim consolidated financial statements of JustEnergy, including, in each case and without limitation, an income statement, balance sheet and cash flow statement certified by the chief financial officer of JustEnergy.
​
(ii)         As soon as available and in any event within 60 days of the end of each Fiscal Quarter (including the fourth Fiscal Quarter), cause to be prepared and delivered to the Agent as at the end of such Fiscal Quarter the unaudited financial statements of the Borrowers prepared on a Modified Consolidated Basis, including, in each case and without limitation, an income statement, balance sheet and cash flow statement, certified by the chief financial officer of JustEnergy.
​
(c)          Compliance Certificate Concurrently with the delivery of the financial statements referred to in Sections 18(a) and (b) above, provide the Agent with a copy of the Compliance Certificate (as defined in the DIP Term Sheet) provided to the DIP Agent (as defined in the DIP Term Sheet).
​
(d)         Business Plan Within 90 days of the Filing Date, deliver to the Agent a copy of the business plan delivered to the DIP Lenders in connection with the DIP Facility.
​
(e)        Supply/Demand Projection Within 30 days of the end of each Fiscal Quarter, cause to be prepared and delivered to the Agent a supply vs. demand summary in respect of the Obligors’ projected next 12 months and the next 36 months anticipated Available Supply and Supply Commitments for natural gas, electricity and JustGreen Products, separately.
​
(f)        Hedging Exposure As soon as practicable and in any event within 30 days after the end of each Fiscal Quarter, provide to the Agent a report containing a summary of all outstanding hedging positions for all Hedges with Lender Hedge Providers (whether positive or negative) measured on a marked-to-market basis aggregated by product type (Commodity Hedge, Interest Rate Hedge, Currency Hedge or Equity Hedge) and in event 
​

            that the Threshold Amount is exceeded, such reports will be provided by the Canadian Borrower to the Agent on a weekly basis.
​
(g)       Marked to Market Calculation As soon as available, and in any event within 10 Business Days after the end of each month, deliver to the Agent the Canadian Borrower’s good faith calculation of the marked-to-market exposure under its Supplier Contracts.
​
(h)      Portfolio Report As soon as available and in any event within 30 days of the end of each Fiscal Quarter, cause to be prepared and delivered to the Agent a portfolio report (substantially in the form of the report attached to the Credit Agreement as Schedule 9.03(9)), which report shall include the Canadian Borrower’s good faith calculation of the marked-to-market exposure for each of the following categories: Canadian gas, US gas, Canadian power and US power.
​
(i)       Priority Supplier Payables As soon as available, and in any event within 10 Business Days after the end of each month, furnish to the Agent a Priority Supplier Payables Certificate setting out the Priority Supplier Payables as at the last day of the month just ended.
​
(j)        Risk Management Policy Promptly notify the Agent of any material changes or modifications to the risk management and hedging policy of the Obligors from that in effect on the date hereof and promptly provide a copy of such change or modification.
​
(k)       Gross Margin Calculation As soon as available, and in any event within 60 days after the end of each Fiscal Quarter, furnish to the Agent a certificate setting out the calculation of the Gross Margin as at the last day of the Fiscal Quarter just ended.
​
(l)       DIP Facility Reporting Concurrently deliver to the Agent (for distribution to the Lenders) when delivered to the DIP Agent (or any DIP Lender) copies of all Cash Flow Statements and other reporting documents, reports and notices contractually required to be delivered to the DIP Agent pursuant to the DIP Facility (including any variance reports); provided, however, for the avoidance of doubt, that the Lenders will not have any right to approve or deny any of the Cash Flow Statements. The foregoing undertaking to deliver to the Agent reporting documents required to be delivered to the DIP Agent under the DIP Facility shall survive the termination of the DIP Facility so long as the Accommodation Period has not been terminated.
​
(m)      Lender Calls Provide (through the Obligors’ counsel and/or other advisors) the Agent and the Lenders with regular status updates on the CCAA Proceedings, the Chapter 15 Proceedings and potential restructuring transactions in the form of a conference call among JustEnergy, the Agent, the Lenders, Lenders’ Counsel and the Consultant, on Wednesday of every other week (or such other day as reasonably agreed to by the Agent and Obligors), commencing on March 24, 2021; provided, that upon the reasonable written request of the Agent (which request shall be made at least twenty-four (24) hours before any such update call), representatives from the management team of the Obligors will join any such update call.​

Exhibit 10.8
Court File No. CV-21-00658423-00CL
ONTARIO
SUPERIOR COURT OF JUSTICE
COMMERCIAL LIST
​
IN THE MATTER OF THE COMPANIES’ CREDITORS ARRANGEMENT ACT,
R.S.C. 1985, c. C-36, AS AMENDED
​
IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF
JUST ENERGY GROUP INC., JUST ENERGY CORP., ONTARIO ENERGY
COMMODITIES INC., UNIVERSAL ENERGY CORPORATION, JUST ENERGY
FINANCE CANADA ULC, HUDSON ENERGY CANADA CORP., JUST
MANAGEMENT CORP., 11929747 CANADA INC., 12175592 CANADA INC., JE
SERVICES HOLDCO I INC., JE SERVICES HOLDCO II INC., 8704104 CANADA INC.,
JUST ENERGY ADVANCED SOLUTIONS CORP., JUST ENERGY (U.S.) CORP., JUST
ENERGY ILLINOIS CORP., JUST ENERGY INDIANA CORP., JUST ENERGY
MASSACHUSETTS CORP., JUST ENERGY NEW YORK CORP., JUST ENERGY
TEXAS I CORP., JUST ENERGY, LLC, JUST ENERGY PENNSYLVANIA CORP.,
JUST ENERGY MICHIGAN CORP., JUST ENERGY SOLUTIONS INC., HUDSON
ENERGY SERVICES LLC, HUDSON ENERGY CORP., INTERACTIVE ENERGY
GROUP LLC, HUDSON PARENT HOLDINGS LLC, DRAG MARKETING LLC, JUST
ENERGY ADVANCED SOLUTIONS LLC, FULCRUM RETAIL ENERGY LLC,
FULCRUM RETAIL HOLDINGS LLC, TARA ENERGY, LLC, JUST ENERGY
MARKETING CORP., JUST ENERGY CONNECTICUT CORP., JUST ENERGY
LIMITED, JUST SOLAR HOLDINGS CORP. AND JUST ENERGY (FINANCE)
HUNGARY ZRT.
APPLICANTS
	​
PLAN OF COMPROMISE AND ARRANGEMENT
pursuant to the Companies’ Creditors Arrangement Act 
concerning, affecting and involving the Applicants and the partnerships listed in 
Schedule “A” hereto.

​
May 26, 2022
​
​

​

​

TABLE OF CONTENTS
	​

	​

	​

	Article 1
	INTERPRETATION
	2

	​
	​
	​

	1.1
	Definitions
	2

	1.2
	Certain Rules of Interpretation
	25

	1.3
	Date and Time for any Action
	26

	1.4
	Successors and Assigns
	27

	1.5
	Governing Law
	27

	1.6
	Schedules
	27

	​
	​
	​

	Article 2
	PURPOSE AND EFFECT OF THE PLAN
	27

	​
	​
	​

	2.1
	Purpose
	27

	2.2
	Persons Affected
	28

	2.3
	Persons Not Affected
	28

	2.4
	Equity Claimants
	28

	2.5
	Treatment of Employment Agreements
	28

	2.6
	Management Incentive Plan
	28

	​
	​
	​

	Article 3
	CLASSIFICATION AND TREATMENT OF CREDITORS AND RELATED MATTERS
	29

	​
	​
	​

	3.1
	Claims Procedure
	29

	3.2
	Classification of Creditors
	29

	3.3
	Meetings
	29

	3.4
	Affected Claims of the General Unsecured Creditors
	29

	3.5
	Affected Claims of the Secured Creditor Class
	32

	3.6
	Treatment of the BP Commodity / ISO Services Claims
	32

	3.7
	Treatment of De Minimis Claims
	32

	3.8
	Unaffected Claims
	33

	3.9
	New Equity Offering
	33

	3.10
	Transferred Claims
	35

	3.11
	Extinguishment of Claims
	35

	3.12
	Guarantees and Similar Covenants
	36

	3.13
	Set-Off
	36

	​
	​
	​

	Article 4
	PLAN IMPLEMENTATION FUND
	36

	​
	​
	​

	4.1
	Plan Implementation Fund
	36

	4.2
	Administrative Expense Reserve and Other Fees and Expenses
	36

	​
	​
	​

	Article 5
	DISTRIBUTIONS, PAYMENTS AND TREATMENT OF CLAIMS
	37

	​
	​
	​

	5.1
	Distributions Generally
	37

	5.2
	Distributions to the General Unsecured Creditors
	37

	5.3
	Distributions of the New Shares
	38

	5.4
	Distributions, Payments and Settlements of Unaffected Claims
	40

	5.5
	Distributions in respect of Transferred Claims
	42

	5.6
	Treatment of Undeliverable Distributions
	42

	5.7
	Currency
	43

	5.8
	Allocation of Payments and Distributions
	43

	5.9
	Interest
	43

​

​

​

​
	5.10
	Tax Matters
	43

	5.11
	Priority Claims
	43

	5.12
	Fractional Interests
	44

	5.13
	Calculations
	44

	5.14
	Cancellation
	44

	5.15
	Modifications to Distribution Mechanics
	44

	​
	​
	​

	Article 6
	RESTRUCTURING TRANSACTION
	44

	​
	​
	​

	6.1
	Corporate Actions
	44

	6.2
	Effective Date Transactions
	45

	6.3
	Issuances Free and Clear
	45

	​
	​
	​

	Article 7
	REGULATORY MATTERS
	45

	​
	​
	​

	7.1
	Competition Act and Investment Canada Act Approval
	45

	7.2
	Antitrust Approvals
	46

	7.3
	Regulatory Approvals
	46

	7.4
	Transaction Regulatory Approvals
	46

	7.5
	Competitively Sensitive Information
	47

	7.6
	No Divestitures or Material Operating Restrictions
	47

	​
	​
	​

	Article 8
	RELEASES
	47

	​
	​
	​

	8.1
	Third-Party Releases
	47

	8.2
	Debtor Releases
	48

	8.3
	Limitation on Insured Claims
	49

	8.4
	Injunctions
	49

	8.5
	Exculpation
	49

	8.6
	Consenting Parties
	50

	8.7
	Compromise of Claims under Section 19(2) of the CCAA
	50

	​
	​
	​

	Article 9
	COURT SANCTION
	51

	​
	​
	​

	9.1
	Application for Sanction Order
	51

	9.2
	Sanction Order
	51

	​
	​
	​

	Article 10
	CONDITIONS PRECEDENT AND IMPLEMENTATION
	53

	​
	​
	​

	10.1
	Conditions Precedent to Implementation of the Plan
	53

	10.2
	Monitor’s Certificate
	56

	​
	​
	​

	Article 11
	GENERAL
	56

	​
	​
	​

	11.1
	Binding Effect
	56

	11.2
	Waiver of Defaults
	57

	11.3
	Claims Bar Date
	58

	11.4
	Preferential Transactions
	58

	11.5
	Deeming Provisions
	58

	11.6
	Non-Consummation
	58

	11.7
	Amendments to the Plan Prior to Approval
	59

	11.8
	Amendments to the Plan Following Approval
	59

	11.9
	Paramountcy
	59

	11.10
	Severability of Plan Provisions
	60

​

​

​

​
	11.11
	The Monitor
	60

	11.12
	Different Capacities
	61

	11.13
	Authority and Reliance Upon Consent
	61

	11.14
	Notices
	62

	11.15
	Further Assurances
	64

​
​
​

​

​

PLAN OF COMPROMISE AND ARRANGEMENT
WHEREAS:
(A)Just Energy Group Inc. (“JEGI”), Just Energy Corp., Ontario Energy Commodities Inc., Universal Energy Corporation, Just Energy Finance Canada ULC, Hudson Energy Canada Corp., Just Management Corp., Just Energy Finance Holding Inc. (“JEFH”), 11929747 Canada Inc., 12175592 Canada Inc., JE Services Holdco I Inc., JE Services Holdco II Inc., 8704104 Canada Inc., Just Energy Advanced Solutions Corp., Just Energy (U.S.) Corp. (“JEUS”), Just Energy Illinois Corp, Just Energy Indiana Corp., Just Energy Massachusetts Corp., Just Energy New York Corp., Just Energy Texas I Corp., Just Energy, LLC, Just Energy Pennsylvania Corp., Just Energy Michigan Corp., Just Energy Solutions Inc., Hudson Energy Services LLC, Hudson Energy Corp., Interactive Energy Group LLC, Hudson Parent Holdings LLC, Drag Marketing LLC, Just Energy Advanced Solutions LLC, Fulcrum Retail Energy LLC, Fulcrum Retail Holdings LLC, Tara Energy, LLC, Just Energy Marketing Corp., Just Energy Connecticut Corp., Just Energy Limited, Just Solar Holdings Corp., and Just Energy (Finance) Hungary Zrt. (collectively, the “Initial Applicants”, and the Initial Applicants other than JEFH, the “Applicants”) are debtor companies under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”).
(B)On March 9, 2021 (the “Filing Date”), the Ontario Superior Court of Justice (Commercial List) (the “Court”) issued an Order (as amended and restated on March 17, 2021 and May 26, 2021, and as it may be further amended, restated, varied and/or supplemented from time to time, the “Initial Order”) commencing a proceeding pursuant to the CCAA (the “CCAA Proceeding”) in respect of the Initial Applicants and the partnerships listed on Schedule “A” hereto (collectively, other than JEFH, the “Just Energy Entities”).
(C) On the Filing Date, JEGI, as authorized foreign representative, commenced a recognition proceeding (the “Chapter 15 Proceeding”) on behalf of the Initial Applicants pursuant to Chapter 15, Title 11 of the United States Code (“Chapter 15”), and on April 2, 2021, the United States Bankruptcy Court for the District of Texas (the “U.S. Court”) granted an Order giving full force and effect to the Initial Order in the United States.
(D)On January 22, 2022, JEFH was dissolved pursuant to an Order of the Court in the CCAA Proceeding dated November 10, 2021.
(E)The Applicants hereby propose and present this plan of compromise and arrangement (the “Plan”) under and pursuant to the CCAA and, as applicable, the Canada Business Corporations Act, R.S.C. 1985, c. C-44, as amended (the “CBCA”), to, among other things, implement a restructuring of the Just Energy Entities and ensure the continuation of the Just Energy Entities and their business.
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ARTICLE 1
INTERPRETATION
		1.1
	Definitions

In the Plan, unless otherwise stated or unless the subject matter or context otherwise requires:
“1145 Securities” means New Shares issued in reliance on Section 1145.
“4(a)(2) Securities” has the meaning ascribed thereto in Section 5.3(g).
“Accepted Claim” means any Affected Claim of a Creditor, as finally determined in accordance with the Claims Procedure Order, any other Order of the Court in the CCAA Proceeding or the U.S. Court in the Chapter 15 Proceeding, and/or the Plan.
“Additional Backstop Parties” has the meaning ascribed thereto in the Backstop Commitment Letter and “Additional Backstop Party” means any one of the Additional Backstop Parties.
“Administration Charge” has the meaning ascribed thereto in the Initial Order.
“Administrative Expense Reserve” means the amount of $1,900,000.
“Advance Ruling Certificate” means an advance ruling certificate issued by the Commissioner pursuant to section 102 of the Competition Act with respect to the transactions contemplated by the Plan.
“Adversary Proceeding” means the adversary proceeding commenced on November 12, 2021 by JEGI, Just Energy Texas LP, Fulcrum Retail Energy LLC and Hudson Energy Services LLC against Electric Reliability Council of Texas, Inc. and the Public Utility Commission of Texas.
“Affected Claim” means any Claim other than an Unaffected Claim.
“Affected Creditor” means a holder of an Affected Claim, but only with respect to and to the extent of such Affected Claim.
“Affiliate” of any Person shall mean any Person directly or indirectly controlling, controlled by, or under common control with, such Person; provided, that, for the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. For greater certainty, an Affiliate of a Person shall include such Person’s investment funds and managed accounts and any funds managed or directed by the same investment advisor.
“Antitrust Approval” means any approval, clearance, filing or expiration or termination of a waiting period pursuant to which a transaction would be deemed to be unconditionally approved in relation to the transactions contemplated by the Plan under any Antitrust Law of any country or jurisdiction that the Just Energy Entities and the Plan Sponsor may agree, each acting reasonably, is required, other than the Competition Act Approval.
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“Antitrust Laws” means all Applicable Laws, including any antitrust, competition or trade regulation laws, that are designed or intended to prohibit, restrict or regulate actions having the purpose or effect of monopolization, restraint of trade or lessening or preventing competition through merger or acquisition.
“Applicable Law” means any law (including any principle of civil law, common law or equity), statute, Order, decree, judgment, rule, regulation, ordinance or other pronouncement having the effect of law, whether in Canada, the United States or any other country, or any domestic or foreign state, county, province, city or other political subdivision of any Governmental Entity.
“Applicants” has the meaning ascribed thereto in the recitals, and “Applicant” means any one of the Applicants.
“Assessments” has the meaning ascribed thereto in the Claims Procedure Order.
“Authorization Order” means the Order of the Court in the CCAA Proceeding that, among other things, approves the Support Agreement and the Backstop Commitment Letter and seals certain portions of the Support Agreement and the Backstop Commitment Letter, which Order may form part of the Meetings Order, as same may be further amended, restated or varied from time to time, and in all such cases such Order shall be in form and substance reasonably acceptable to the Just Energy Entities, the Credit Facility Lenders, Shell and the Plan Sponsor.
“Authorization Recognition Order” means the Order entered by the U.S. Court in the Chapter 15 Proceeding recognizing and enforcing the Authorization Order in the Chapter 15 Proceeding, which Order may form part of the Meetings Recognition Order, as same may be further amended, restated or varied from time to time, and in all such cases such Order shall be in form and substance reasonably acceptable to the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor.
“Backstop Commitment Fee Shares” means 10% of the total New Common Shares, subject to dilution by the equity issued or issuable pursuant to the MIP, which will be issued to the Initial Backstop Parties and, if applicable, Additional Backstop Parties (or their permitted designees) in each case on the Effective Date pursuant to the Backstop Commitment Letter and the Plan.
“Backstop Commitment Letter” means the backstop commitment letter dated as of May 12, 2022 among New Just Energy Parent and the Backstop Parties, as may be amended, restated, supplemented and/or otherwise modified from time to time in accordance with the terms thereof.
“Backstop Party” has the meaning ascribed thereto in the Backstop Commitment Letter, and “Backstop Parties” means all of them.
“Backstop Party’s Commitments” means the commitments of the Backstop Parties to subscribe for any Backstopped Shares subject to the terms and conditions of the Backstop Commitment Letter.
“Backstopped Shares” means, collectively, the Unsubscribed New Equity and the Defaulted Subscription Shares.
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“Beneficial Subordinated Note Claim Holder” means any beneficial holder of the Subordinated Note Claim as of the Record Date, in such capacity, and “Beneficial Subordinated Note Claim Holders” means all of them.
“Beneficial Term Loan Claim Holder” means any beneficial holder of the Term Loan Claim as of the Term Loan Record Date, in such capacity, and “Beneficial Term Loan Claim Holders” means all of them.
“BIA” means the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended.
“BP Commodity / ISO Services Claim” means all Pre-Filing Claims of BP Canada Energy Group ULC and BP Energy Company, which shall be Accepted Claims for the purposes of this Plan in the aggregate principal amounts of US$229,461,558.59 and $170,652.60, plus all accrued and unpaid interest thereon through to and including the Effective Date.
“BP Commodity/ISO Services Claimholder” means CBHT Energy I LLC, in its capacity as assignee from BP Canada Energy Group ULC and BP Energy Company of the BP Commodity/ISO Services Claim, or such other Person that the BP Commodity/ISO Services Claim may be assigned to in accordance with the terms of the Claims Procedure Order.
“Business Day” means a day, other than a Saturday, Sunday or a statutory holiday, on which banks are generally open for business in Toronto, Ontario and New York, New York.
“Canadian Securities Commissions” means, collectively, the applicable securities commissions or regulatory authorities in each of the provinces and territories of Canada.
“Canadian Securities Laws” means, collectively, and, as the context may require, the applicable securities laws of each of the provinces and territories of Canada, and the respective regulations and rules made under those securities laws together with all applicable published policy statements, instruments, blanket orders, and rulings of the Canadian Securities Commissions and all discretionary orders or rulings, if any, of the Canadian Securities Commissions made in connection with the transactions contemplated by the Plan together with applicable published policy statements of the Canadian Securities Administrators, as the context may require.
“Cash Management Charge” has the meaning ascribed thereto in the Initial Order.
“Cash Management Obligations” has the meaning ascribed thereto in the Initial Order.
“Cash on Hand” means all cash and cash equivalents (including marketable securities and short-term investments) of the Just Energy Entities, excluding amounts posted as collateral immediately prior to the Effective Time.
“Causes of Action” means any action, claim, cross-claim, third-party claim, damage, judgment, cause of action, controversy, demand, right, action, suit, obligation, liability, debt, account, defense, offset, power, privilege, license, lien, indemnity, interest, guaranty, or franchise of any kind or character whatsoever, whether known or unknown, foreseen or unforeseen, existing or hereinafter arising, contingent or non-contingent, liquidated or unliquidated, disputed or undisputed, secured or unsecured, assertable directly or derivatively, matured or unmatured,
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suspected or unsuspected, in contract or in tort, at law or in equity, or pursuant to any other theory of law or otherwise.
“CBCA” has the meaning ascribed thereto in the recitals.
“CBCA Arrangement” means the arrangement under section 192 of the CBCA, set out in that certain amended and restated plan of arrangement dated September 2, 2020, which arrangement was approved by a final order of the Court on September 2, 2020, following an application by JEGI and 12175592 Canada Inc.
“CCAA” has the meaning ascribed thereto in the recitals.
“CCAA Charges” means, collectively, the Administration Charge, the FA Charge, the Directors’ Charge, the KERP Charge, the DIP Lenders’ Charge, the Priority Commodity/ISO Charge, the Termination Fee Charge and the Cash Management Charge, each as may be amended by order of the Court, and “CCAA Charge” means any one of the CCAA Charges.
“CCAA Proceeding” has the meaning ascribed thereto in the recitals.
“Chapter 15” has the meaning ascribed thereto in the recitals.
“Chapter 15 Proceeding” has the meaning ascribed thereto in the recitals.
“Claim” or “Claims” means any or all Pre-Filing Claims, Restructuring Period Claims and D&O Claims; provided, however, that in any case “Claim” shall not include any right or claim of any Person that was previously released, barred, estopped, stayed and/or enjoined pursuant to the CBCA Arrangement, but for greater certainty, shall include any Claim arising through subrogation against any Just Energy Entity or any Director or Officer.
“Claims Bar Date” has the meaning ascribed thereto in the Claims Procedure Order.
“Claims Procedure Order” means the Order of the Court dated September 15, 2021 in the CCAA Proceeding establishing a claims procedure in respect of the Just Energy Entities, as same may be further amended, restated or varied from time to time, and in all such cases such Order shall be in form and substance reasonably acceptable to the Just Energy Entities and the Plan Sponsor.
“Claims Procedure Recognition Order” means an Order, which may be part of the Meetings Recognition Order, entered by the U.S. Court, recognizing and enforcing the Claims Procedure Order in the Chapter 15 Proceeding, and in all such cases such Order shall be in form and substance reasonably acceptable to the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor.
“Class” means any one of the classes of Creditors set out in Section 3.2 for the purpose of considering and voting upon the Plan and receiving distributions hereunder.
“Commissioner” means the Commissioner of Competition appointed under the Competition Act or any person duly authorized to exercise powers of the Commissioner of Competition.
“Commodity Agreement” means a gas supply agreement, electricity supply agreement or other agreement with any of the Just Energy Entities for the physical or financial purchase, sale, trading
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or hedging of natural gas, electricity or environmental derivative products, or contracts entered into for protection against fluctuations in foreign currency exchange rates, which shall include any master power purchase and sale agreement, base contract for sale and purchase, ISDA master agreement or similar agreement.
“Commodity Supplier” means any counterparty to a Commodity Agreement.
“Commodity Supplier Claim” means any Pre-Filing Claim, plus any interest thereon to the Effective Date, of any Commodity Supplier that is party to the Intercreditor Agreement in respect of a Commodity Agreement determined as of the Effective Date, after provision for any resettlements that are known by the Just Energy Entities as of the Effective Date, in each case in an amount acceptable to the Just Energy Entities and the applicable Commodity Supplier, with the consent of the Monitor and the Plan Sponsor, each acting reasonably; provided, however, that in any case for the purposes of this Plan “Commodity Supplier Claim” shall not include any BP Commodity / ISO Services Claim.
“Common Shares” means the common shares of JEGI.
“Company Counsel” means Osler, Hoskin & Harcourt LLP, Canadian counsel to the Just Energy Entities, and Kirkland & Ellis LLP, United States counsel to the Just Energy Entities.
“Competition Act” means the Competition Act (Canada), R.S.C., 1985, c. C-34.
“Competition Act Approval” means that: (a) the Commissioner shall have issued an Advance Ruling Certificate under subsection 102(1) of the Competition Act in respect of the transactions contemplated by the Plan; or (b) the applicable waiting period under section 123 of the Competition Act shall have expired or been waived by the Commissioner, or the obligation to submit a notification shall have been waived under paragraph 113(c) of the Competition Act, and the Commissioner shall have issued a No Action Letter.
“Consenting Party” means any Person who (a) is, at the Effective Time, a party to the Support Agreement; or (b) submits a vote in favour of the Plan, and “Consenting Parties” means all of them.
“Contingent Litigation Claims” means, collectively, the Subject Class Action Claims and the Texas Power Interruption Claim.
“Continuing Contract” means a contract, arrangement, or other agreement (oral or written) for which a notice of disclaimer pursuant to section 32 of the CCAA has not been sent by any of the Just Energy Entities.
“Convenience Cash Pool” means the funds taken from the General Unsecured Creditor Cash Pool, prior to any distributions therefrom, to be held by the Monitor in a segregated account, in an amount necessary to satisfy all Convenience Claims in full in accordance with Section 3.4(3).
“Convenience Claim” means (a) any Accepted Claim of a General Unsecured Creditor in an amount that is less than or equal to $1,500; and (b) any Accepted Claim of a General Unsecured Creditor in an amount greater than $1,500, if the relevant General Unsecured Creditor has made a valid Distribution Election for purposes of the Plan in accordance with the Meetings Order;
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provided, however, that in any case “Convenience Claim” shall not include any Contingent Litigation Claim or any Subordinated Note Claim.
“Convenience Creditor” means a General Unsecured Creditor that holds a Convenience Claim.
“Court” has the meaning ascribed thereto in the recitals.
“Credit Agreement” means the ninth amended and restated credit agreement dated as of September 28, 2020, by and among Just Energy Ontario L.P. and JEUS, as borrowers, the Credit Facility Agent and the Credit Facility Lenders, as such credit agreement may be amended, restated, supplemented and/or otherwise modified from time to time in accordance with the terms thereof.
“Credit Facility Agent” means National Bank of Canada, in its capacity as administrative agent for the Credit Facility Lenders.
“Credit Facility Claim” means any amounts owing by the Just Energy Entities to the Credit Facility Lenders as of the Effective Date under the Credit Facility Documents, including all principal and all accrued and outstanding fees, costs, interest, or other amounts owing pursuant to the Credit Facility Documents as determined in accordance with the Claims Procedure Order; provided that, the Credit Facility Claim shall not include any Credit Facility LC Claim, Commodity Supplier Claim or Cash Management Obligations.
“Credit Facility Documents” means, collectively, the Credit Agreement and all related documentation, including, all guarantee and security documentation related to the foregoing.
“Credit Facility LC Claim” means any Claim of any Credit Facility Lender relating to any letter of credit issued but undrawn under the Credit Facility Documents immediately prior to the Effective Time.
“Credit Facility Lender Termination Event” has the meaning ascribed thereto in the Support Agreement.
“Credit Facility Lenders” means the lenders party to the Credit Agreement from time to time, in such capacity.
“Credit Facility Remaining Debt” means the principal amount of up to $20,000,000 of the Credit Facility Claim, which may remain outstanding under the New Credit Agreement upon the implementation of the Plan.
“Creditor” means any Person having a Claim, but only with respect to and to the extent of such Claim, including the transferee or assignee of a transferred Claim that is recognized as a Creditor in accordance with the Plan, Claims Procedure Order, or any other Order, as applicable, or a trustee, executor, liquidator, receiver, receiver and manager, or other Person acting on behalf of or through such Person.
“Crown” means Her Majesty in right of Canada or any province or territory of Canada.
“D&O Claim” or “D&O Claims” means any or all Pre-Filing D&O Claims and Restructuring Period D&O Claims.
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“D&O Indemnity Claim” means any existing or future right of any Director or Officer against any of the Just Energy Entities which arose or arises as a result of any D&O Claim for which such Director or Officer is entitled to be indemnified by any of the Just Energy Entities; provided, however, that in any case “D&O Indemnity Claim” shall not include any Excluded D&O Indemnity Claim.
“De Minimis Claims” has the meaning ascribed thereto in Section 3.7.
“Defaulted Subscription Shares” means any New Equity Offering Shares arising from any event where a New Equity Offering Eligible Participant subscribes for any portion of the New Equity Offering Shares and fails to fulfill its subscription obligations by the New Equity Participation Deadline.
“Defaulting Backstop Party” has the meaning ascribed thereto in the Backstop Commitment Letter.
“Definitive Documents” has the meaning ascribed thereto in the Support Agreement.
“Determination Date” has the meaning ascribed thereto in Section 7.1.
“DIP Agent” means Alter Domus (US) LLC, in its capacity as administrative and collateral agent for the DIP Lenders.
“DIP Documents” means, collectively, the DIP Term Sheet and all related documentation, including, without limitation, all guarantee and security documentation, related to the foregoing.
“DIP Lenders” means the lenders under the DIP Term Sheet, in such capacity, and “DIP Lender” means any one of them.
“DIP Lenders’ Charge” has the meaning ascribed thereto in the Initial Order.
“DIP Lenders’ Claim” means the DIP Loan and all other debts, liabilities, and obligations (including, without limitation accrued and outstanding fees, costs, and interest) owing by the Just Energy Entities to the DIP Agent and the DIP Lenders pursuant to the DIP Documents.
“DIP Loan” means the principal and aggregate amount of accrued and unpaid interest outstanding on the Effective Date pursuant to the DIP Documents.
“DIP Term Sheet” means the CCAA Interim Debtor-in-Possession Financing Term Sheet between the Just Energy Entities party thereto, the DIP Agent and the DIP Lenders, dated as of March 9, 2021, as such term sheet may be amended, restated, supplemented and/or otherwise modified from time to time in accordance with the terms thereof.
“Director” means anyone who is or was or may be deemed to be or have been, whether by statute, operation of law or otherwise, a director or de facto director of any of the Just Energy Entities, and “Directors” means all of them.
“Directors’ Charge” has the meaning ascribed thereto in the Initial Order.
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“Disallowed Claim” means any Claim (or any portion thereof) which has been finally disallowed in accordance with the Claims Procedure Order or any other Order of the Court in the CCAA Proceeding or the U.S. Court in the Chapter 15 Proceeding.
“Disputed Claim” means any Claim (or any portion thereof) in respect of which a Proof of Claim has been filed or a Negative Notice Claims Package delivered, in each case, in accordance with the Claims Procedure Order that has not been finally determined to be an Accepted Claim or a Disallowed Claim, in whole or in part, in accordance with the Claims Procedure Order or any other Order of the Court in the CCAA Proceeding or the U.S. Court in the Chapter 15 Proceeding.
“Distribution Date” means the date or dates from time to time on or after the Effective Date, set by the Monitor in its discretion, to make interim and final distributions in respect of the applicable Accepted Claims pursuant to the Plan.
“Distribution Election” means an election: (a) made by a General Unsecured Creditor with an Accepted Claim greater than $1,500 by delivery of a duly completed and executed Distribution Election Notice to the Just Energy Entities and the Monitor by no later than the Distribution Election Deadline electing to receive the Distribution Election Amount in full satisfaction of its Accepted Claim; and (b) deemed to have been made by each General Unsecured Creditor with an Accepted Claim equal to or less than $1,500.
“Distribution Election Amount” means, in respect of any Accepted Claim of a General Unsecured Creditor for which a valid Distribution Election has been made or has been deemed to have been made in accordance with the Plan, the lesser of (a) a cash amount equal to $1,500; and (b) the amount of such Accepted Claim.
“Distribution Election Deadline” has the meaning ascribed thereto in the Meetings Order.
“Distribution Election Notice” means a notice substantially in the form attached to the Meetings Order.
“DTC” has the meaning ascribed thereto in Section 5.3(d).
“Effective Date” means the Business Day on which the Monitor delivers the Monitor’s Certificate pursuant to Section 10.2.
“Effective Time” means 12:01 a.m. on the Effective Date, or such other time on the Effective Date as the Just Energy Entities and the Plan Sponsor may jointly determine (and designate in their written notices to the Monitor contemplated by Section 10.2).
“Employee Priority Claim” means any Claim for (a) accrued and unpaid wages and vacation pay owing to an employee of any of the Just Energy Entities whose employment was terminated between the Filing Date and the Effective Date; and (b) unpaid amounts provided for in section 6(5)(a) of the CCAA.
“Employment Agreements” means, collectively, the employment agreements, the management compensation plans, and indemnification agreements of, or for the benefit of, the Directors, Officers, and employees of any of the Just Energy Entities that, on or prior to the Effective Date, have not resigned, in each case in existence on the effective date of the Support Agreement;
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provided, however, that solely for purposes of Sections 2.5 and 10.1(t), Employment Agreements shall not include employment agreements, the management compensation plans, and indemnification agreements of, or for the benefit of, the Directors, Officers, and employees of any of the Just Energy Entities that have been terminated or disclaimed without the consent of the Plan Sponsor.
“Encumbrance” means any charge, mortgage, lien, pledge, claim, restriction, hypothec, adverse interest, security interest or other encumbrance whether created or arising by agreement, statute or otherwise at law, attaching to property, interests or rights and shall be construed in the widest possible terms and principles known under the law applicable to such property, interests or rights and whether or not they constitute specific or floating charges as those terms are understood under the laws of the Province of Ontario.
“Energy Regulator” means any federal or provincial energy regulators, provincial regulators of consumer sales that have authority with respect to energy sales, U.S. municipal, state, federal or other foreign energy regulatory bodies or agencies, local energy transmission and distribution companies, or regional transmission organizations or independent system operators.
“Energy Regulator Claim” means any Claim that may be asserted by any Energy Regulator, excluding any: (i) Claim with respect to the subject matter of the Adversary Proceeding, including any Claim with respect to obligations of the Just Energy Entities underlying the invoices that are the subject of the Adversary Proceeding; and (ii) Claim by any Taxing Authority.
“Equity Claim” means an “equity claim” as defined in section 2(1) of the CCAA in respect of any Just Energy Entity or New Just Energy Parent (excluding any right or claim of the Credit Facility Lenders or the Credit Facility Agent pursuant to the Credit Facility Documents, including any pledge of any Intercompany Interest).
“Equity Claimant” means any Person with an Equity Claim or holding Existing Equity, in such capacity.
“Equity Interest” means an “equity interest” as defined in section 2(1) of the CCAA in respect of any Just Energy Entity or New Just Energy Parent.
“Escrow Agent” means the escrow agent appointed pursuant to the Escrow Agreement.
“Escrow Agreement” has the meaning ascribed thereto in the Backstop Commitment Letter.
“Excluded D&O Indemnity Claim” means any existing or future right of any Director or Officer of any Just Energy Entity as of the Effective Date against any of the Just Energy Entities, which arose or arises as a result of any D&O Claim for which such Director or Officer is entitled to be indemnified by any of the Just Energy Entities and which is (a) a Non-Released D&O Claim; or (b) a Released D&O Claim asserted by a Person other than a Consenting Party.
“Exculpated Party” means any current officer, director, employee, or retained professional (including financial advisors, investment bankers, and legal counsel) of (a) the Just Energy Entities; (b) the Monitor; (c) the DIP Lenders; (d) the Plan Sponsor; (e) the Backstop Parties; (f)
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the Supporting Parties; (g) the DIP Agent; (h) the Credit Facility Agent; (i) the Term Loan Agent; and (j) the Subordinated Note Trustee, and “Exculpated Parties” means all of them.
“Existing Common Shareholder” mean any holder of Common Shares immediately prior to the Effective Time, and “Existing Common Shareholders” means all of them.
“Existing Equity” means (a) all Common Shares; (b) all other Equity Interests (excluding any Intercompany Interest), including all options, warrants, rights, or similar instruments, derived from, relating to, or exercisable, convertible, or exchangeable therefor; and (c) all instruments whose value is based upon or determined by reference to any Equity Interest whether or not such instrument is exercisable, convertible, or exchangeable for such an Equity Interest, and, in all such cases, which are issued and outstanding immediately prior to the Effective Time.
“FA Charge” has the meaning ascribed thereto in the Initial Order.
“Filing Date” has the meaning ascribed thereto in the recitals.
“Final Order” means any order or judgment of the Court or the U.S. Court, or any other court of competent jurisdiction, with respect to the subject matter addressed in the CCAA Proceeding or the Chapter 15 Proceeding or the docket of any court of competent jurisdiction, that has not been vacated, set aside, reversed, stayed, modified or amended, and as to which the applicable periods to appeal, or seek certiorari or move for a new trial, reargument, or rehearing has expired and no appeal, leave to appeal, or petition for certiorari or other proceedings for a new trial, reargument, or rehearing has been timely taken or filed, or as to which any appeal has been taken or any petition for certiorari or leave to appeal that has been timely filed has been withdrawn or resolved in a manner acceptable to the Just Energy Entities, the Credit Facility Lenders, Shell and the Plan Sponsor, each acting reasonably, by the highest court to which the order or judgment was appealed or from which leave to appeal or certiorari was sought or the new trial, reargument, or rehearing shall have been denied, resulted in no modification of such order or has otherwise been dismissed with prejudice; provided, however, that the possibility that a motion under Rule 60 of the United States Federal Rules of Civil Procedure, or any analogous rule under the U.S. Bankruptcy Rules, may be filed relating to such order shall not cause such order to not be a Final Order.
“Financial Advisor” means BMO Nesbitt Burns Inc., financial advisor to the Just Energy Entities.
“Fractional Interests” has the meaning ascribed thereto in Section 5.12.
“General Unsecured Creditor” means the holder of a General Unsecured Creditor Claim.
“General Unsecured Creditor Cash Pool” means the amount of $10,000,000 (inclusive of the Convenience Cash Pool).
“General Unsecured Creditor Claim” means any Affected Claim, as determined in accordance with the Claims Procedure Order, which is not a Term Loan Claim, an Equity Claim, a Credit Facility Claim or a BP Commodity / ISO Services Claim, and includes, for certainty, any Convenience Claim or Subordinated Note Claim.
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“Government Priority Claim” means any Claim of any Governmental Entity against any Just Energy Entity in respect of amounts that are outstanding, if any, provided for in section 6(3) of the CCAA.
“Governmental Entity” means any government, regulatory authority (including any Energy Regulator), governmental department, agency, commission, bureau, official, minister, Crown corporation, court, board, tribunal or dispute settlement panel or other law, rule or regulation-making organization or entity: (a) having or purporting to have jurisdiction on behalf of any nation, province, territory or state or any other geographic or political subdivision of any of them; or (b) exercising, or entitled or purporting to exercise any administrative, executive, judicial, legislative, policy, regulatory or taxing authority or power.
“Initial Applicants” has the meaning ascribed thereto in the recitals, and “Initial Applicant” means any one of the Initial Applicants.
“Initial Backstop Parties” has the meaning ascribed thereto in the Backstop Commitment Letter.
“Initial Distribution Date” means a date not more than ten (10) Business Days after the Effective Date or such other date specified in the Sanction Order.
“Initial Distribution Record Date” means the date that is ten (10) Business Days prior to the Initial Distribution Date.
“Initial Order” has the meaning ascribed thereto in the recitals.
“Insurance Policy” means any insurance policy maintained by any of the Just Energy Entities pursuant to which any of the Just Energy Entities or any Director or Officer is insured, and “Insurance Policies” means all of them.
“Insured Claim” means all or that portion of a Claim for which the applicable insurer or a court of competent jurisdiction has confirmed that the applicable Just Energy Entity or Director or Officer is insured under an Insurance Policy, to the extent that such Claim, or portion thereof, is so insured, and “Insured Claims” means all of them.
“Intercompany Claim” means any claim that may be asserted against any of the Just Energy Entities by or on behalf of any of the Just Energy Entities or any of their affiliated companies, partnerships, or other corporate entities, and “Intercompany Claims” means all of them.
“Intercompany Interest” means any Equity Interest held by a Just Energy Entity or New Just Energy Parent in any other Just Energy Entity or New Just Energy Parent, as applicable, and “Intercompany Interests” means all of them.
“Intercreditor Agreement” means the Sixth Amended and Restated Intercreditor Agreement dated as of September 1, 2015 between National Bank of Canada, as collateral agent and agent for itself as agent and the Lenders (as defined therein); Shell; BP Canada Energy Group ULC; BP Canada Energy Marketing Corp.; BP Energy Company; Exelon Generation Company, LLC; Bruce Power L.P.; EDF Trading North America, LLC; Nextera Energy Power Marketing, LLC; Macquarie Bank Limited; Macquarie Energy Canada Ltd.; Macquarie Energy LLC; Morgan Stanley Capital Group Inc.; and each other person identified as an Other Commodity Supplier (as
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defined therein) from time to time party thereto, and Just Energy Ontario L.P. and JEUS, as Borrowers (as defined therein) and each of the Guarantors (as defined therein) from time to time party thereto, as amended (as may be further amended, restated, supplemented, or otherwise modified from time to time).
“Investment Canada Act” means the Investment Canada Act (Canada), R.S.C., 1985, c. 28 (1st Supp.).
“Investment Canada Act Approval” means both:
(1) receipt by the Plan Sponsor of a certification letter from the Director of Investments under the Investment Canada Act pursuant to subsection 13(1) of the Investment Canada Act confirming that that the transactions contemplated by the Plan are not reviewable under Part IV of the Investment Canada Act; and
(2) either: (A) no notice is given under subsection 25.2(1) or 25.3(2) of the Investment Canada Act within the prescribed period; or, (B) if notice is given under subsection 25.2(1) or 25.3(2) of the Investment Canada Act, then either (a) the Minister or Ministers under the Investment Canada Act have sent to the Plan Sponsor a notice under paragraph 25.2(4)(a) or 25.3(6)(b) of the Investment Canada Act; or (b) the Governor in Council has issued an order under subsection 25.4(1)(b) of the Investment Canada Act authorizing the transactions contemplated by the Plan.
“ITA” means the Income Tax Act (Canada), R.S.C. 1985, c. 1 (5th Supp.), as amended.
“JEFH” has the meaning ascribed thereto in the recitals.
“JEGI” has the meaning ascribed thereto in the recitals.
“JEUS” has the meaning ascribed thereto in the recitals.
“Just Energy Entities” has the meaning ascribed thereto in the recitals, and “Just Energy Entity” means any one of the Just Energy Entities.
“KERP” means the key employee retention plan approved in the Initial Order and clarified and amended in the Order in the CCAA Proceeding dated September 15, 2021.
“KERP Charge” has the meaning ascribed thereto in the Initial Order.
“Meetings” means, collectively, the meetings of each Class of Affected Creditors held on the Meetings Date and held and called pursuant to the Meetings Order for the purpose of considering and voting on the Plan pursuant to the CCAA, and includes any adjournment, postponement or other rescheduling of such meeting in accordance with the Meetings Order, and “Meeting” means any one of the Meetings.
“Meetings Date” means the date on which the Meetings are held in accordance with the Meetings Order.
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“Meetings Order” means the Order of the Court in the CCAA Proceeding that, among other things, accepts the filing of the Plan, sets the date for the Meeting and approves the materials for the Meetings, as same may be amended, restated or varied from time to time, and in all such cases such Order shall be in form and substance reasonably acceptable to the Just Energy Entities, the Credit Facility Lenders, Shell and the Plan Sponsor.
“Meetings Recognition Order” means the Order entered by the U.S. Court recognizing and enforcing the Meetings Order in the Chapter 15 Proceeding, as same may be amended, restated, varied and/or supplemented from time to time, and in all such cases such Order shall be in form and substance reasonably acceptable to the Just Energy Entities, the Credit Facility Lenders, Shell and the Plan Sponsor.
“MIP” means a new management incentive plan to be effective from and after the Effective Date, the terms of which shall be consistent in all respects with the management incentive plan term sheet attached as Exhibit 4 to the Restructuring Term Sheet.
“Monitor” means FTI Consulting Canada Inc., as Court-appointed monitor of the Just Energy Entities in the CCAA Proceeding and not in its personal capacity.
“Monitor Administration Expenses” has the meaning ascribed thereto in Section 4.2(a).
“Monitor’s Certificate” has the meaning ascribed thereto in Section 10.2.
“Monitor’s Website” means http://cfcanada.fticonsulting.com/justenergy
“Negative Notice Claims Package” has the meaning ascribed thereto in the Claims Procedure Order.
“New Boards” means the board of directors or the equivalent governing body of New Just Energy Parent and JEGI, as applicable, to be appointed on the Effective Date in accordance with the terms of the Support Agreement and the New Corporate Governance Documents and Article 6 of the Plan, which board of directors or the equivalent governing body shall be comprised as specified in the Restructuring Term Sheet.
“New Common Shares” means the common equity interests of New Just Energy Parent, to be designated, which shall be issued by New Just Energy Parent in accordance with the Support Agreement, the Backstop Commitment Letter and the Plan, and in accordance with the steps and sequences set forth in the Restructuring Steps Supplement shall constitute all of the issued and outstanding common equity interests of New Just Energy Parent together with any equity interests outstanding under the MIP.
“New Corporate Governance Documents” means the organizational documents of New Just Energy Parent and a registration rights agreement (if provisions applicable to registration rights are not included in the organizational documents of New Just Energy Parent) with New Just Energy Parent, in each case, on the terms set out in the Restructuring Term Sheet.
“New Credit Agreement” means an amendment and restatement of the Credit Agreement in accordance with the terms attached to the Support Agreement to be entered into by, among others, some or all of the Just Energy Entities and the New Credit Facility Lenders in connection with the
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New Credit Facility, which may be a new credit agreement, in either case on terms consistent with the term sheet for the New Credit Facility attached to the Restructuring Term Sheet and containing such other terms as agreed by the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor, each acting reasonably.
“New Credit Facility” means the first lien revolving credit facility to be made available to some or all of the Just Energy Entities by the New Credit Facility Lenders on the Effective Date pursuant to the New Credit Facility Documents with (a) the Credit Facility Remaining Debt, if any, remaining outstanding as an initial outstanding principal amount under the New Credit Agreement; and (b) the New Credit Facility Letters of Credit issued and outstanding.
“New Credit Facility Documents” means, collectively, (a) the New Credit Agreement; and (b) all related documentation (including all existing or amended and restated guarantee and security documentation related to the foregoing), some or all of which may be new agreements and documentation to the extent agreed by the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor, each acting reasonably.
“New Credit Facility Lenders” means some or all of the Credit Facility Lenders and/or such other financial institution(s) acceptable to the Just Energy Entities and the Plan Sponsor, each acting reasonably.
“New Credit Facility Letters of Credit” means, collectively, (a) the letters of credit issued by the Credit Facility Lenders pursuant to the Credit Facility Documents that are outstanding and undrawn at the Effective Time; and (b) any new or replacement letters of credit to be issued pursuant to the New Credit Facility Documents, in all cases, as agreed by the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor, each acting reasonably.
“New Equity Offering” means the offering to New Equity Offering Eligible Participants to subscribe for and receive New Equity Offering Shares at an aggregate purchase price of US$192,550,000, on the terms described in the Backstop Commitment Letter and Support Agreement.
“New Equity Offering Documentation” has the meaning ascribed thereto in the Backstop Commitment Letter.
“New Equity Offering Eligible Participant” means a Person that, on the Term Loan Record Date, is (a) a Backstop Party or a Beneficial Term Loan Claim Holder (or a permitted designee thereof); (b) (i) located or resident in Canada, (ii) located or resident in the United States, or (iii) located or resident outside Canada and the United States and is entitled to participate in the New Equity Offering in accordance with the laws of such jurisdiction without obliging New Just Energy Parent to register or qualify for distribution the New Common Shares or file a prospectus, registration statement or other similar disclosure document, cause New Just Energy Parent to become a reporting issuer, registrant or equivalent entity in any jurisdiction or to make any other material filings that New Just Energy Parent is not already obligated to make; and in the case of (iii) above, such Person, if required by JEGI, demonstrates, and provides evidence reasonably satisfactory to JEGI (which evidence may include an opinion of counsel of recognized standing to the effect of the matters set forth in (iii) above), that it is qualified to participate in the New Equity
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Offering in accordance with the laws of its jurisdiction of residence; and (c) an “accredited investor” (as defined in Rule 501(a) promulgated under the U.S. Securities Act).
“New Equity Offering Participation Form” means a participation form, substantially in the form attached at Schedule “I” to the Meetings Order, to be delivered to each Beneficial Term Loan Claim Holder in accordance with the Meetings Order, in order for Beneficial Term Loan Claim Holders to make certain acknowledgments, agreements, and certifications (as applicable to the applicable Beneficial Term Loan Claim Holder) and to participate in the New Equity Offering Rights.
“New Equity Offering Proceeds” means the total amount of Subscription Amounts and Backstop Party’s Commitments received and held by the Escrow Agent as of the Effective Date pursuant to Section 3.9.
“New Equity Offering Rights” means the offering of New Equity Offering Shares to the New Equity Offering Eligible Participants, pursuant to and in accordance with the Backstop Commitment Letter, the New Equity Offering Documentation and the Plan.
“New Equity Offering Shares” means 80% of the total New Common Shares to be issued on the Effective Date pursuant to the New Equity Offering under the Plan, subject to dilution by the equity issued or issuable pursuant to the MIP, to be issued to the Participating Term Loan Claimants pursuant to the Plan and, if applicable, to the Backstop Parties in accordance with the Backstop Commitment Letter and the Plan.
“New Equity Participation Deadline” shall mean 5:00 p.m. on August 23, 2022 or such other date agreed to by the Just Energy Entities and the Plan Sponsor, each acting reasonably.
“New Intercreditor Agreement” means the new intercreditor agreement on the terms set out in the Support Agreement to be entered into by, among others, the Just Energy Entities, the New Credit Facility Lenders (or the Credit Facility Agent on their behalf), and the applicable Commodity Suppliers in accordance with the Support Agreement and the Plan, which may be an amendment and restatement of the Intercreditor Agreement, in either case on terms consistent with the term sheet for the New Intercreditor Agreement attached to the Restructuring Term Sheet and containing such other terms, all as agreed by the Just Energy Entities, the Plan Sponsor and the other parties thereto, each acting reasonably.
“New Just Energy Parent” means the new parent company of the Just Energy Entities, which shall be JEUS or such other corporation, or limited or unlimited liability company organized in the United States as determined by the Just Energy Entities and the Plan Sponsor.
“New Preferred Shares” means preferred equity interest of New Just Energy Parent having such terms as specified in the Restructuring Term Sheet, which shall be issued by New Just Energy Parent in accordance with the Support Agreement, the Plan, and, in accordance with the steps and sequences set forth in the Restructuring Steps Supplement, shall constitute all of the issued and outstanding preferred equity interests of New Just Energy Parent.
“New Shareholder Information Form” means an information form, substantially in the form attached at Schedule “J” to the Meetings Order, to be delivered to each Beneficial Term Loan
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Claim Holder in accordance with the Meetings Order, in order for Beneficial Term Loan Claim Holders to make certain acknowledgments, agreements, and certifications (as applicable to the applicable Beneficial Term Loan Claim Holder) and to receive Term Loan Claim Shares.
“New Shares” means, collectively, the New Common Shares and the New Preferred Shares, which immediately following the issuance thereof shall constitute all of the issued and outstanding equity interests of New Just Energy Parent together with any equity interests outstanding under the MIP.
“NI 45-106” means National Instrument 45-106 “Prospectus Exemptions” of the Canadian Securities Commissions.
“No Action Letter” means written confirmation from the Commissioner that the Commissioner does not, at that time, intend to make an application under section 92 of the Competition Act in respect of the transactions contemplated by the Plan.
“Non-Participating Term Loan Claim” means the portion of the Term Loan Claim held by a Non-Participating Term Loan Claim Holder as of the Term Loan Record Date.
“Non-Participating Term Loan Claim Holder” means each Beneficial Term Loan Claim Holder that is not a Backstop Party or a Participating Term Loan Claimant.
“Non-Participating Term Loan Lender Pro Rata Share” means, as at any relevant date of determination, the percentage that a Non-Participating Term Loan Claim Holder’s Non-Participating Term Loan Claim bears to the aggregate of all Non-Participating Term Loan Claims and General Unsecured Creditor Claims that are Accepted Claims and Disputed Claims (for certainty, valued at the amounts asserted by such General Unsecured Creditors).
“Non-Released D&O Claim” means any D&O Claim that is not a Released D&O Claim, and “Non-Released D&O Claims” means all of them.
“Officer” means anyone who is or was or may be deemed to be or have been, whether by statute, operation of law or otherwise, an officer or de facto officer of any of the Just Energy Entities, in such capacity, and “Officers” means all of them.
“Order” means any order of the Court made in the CCAA Proceeding, any order of the U.S. Court made in the Chapter 15 Proceeding, or any order, directive, judgment, decree, injunction, decision, ruling, award or writ of any Governmental Entity.
“Outside Date” has the meaning ascribed thereto in the Support Agreement.
“Participating Term Loan Claimants” means each Beneficial Term Loan Claim Holder that qualifies as a New Equity Offering Eligible Participant (or a permitted designee thereof) and validly submits a duly completed and executed New Equity Offering Participation Form, together with such beneficial holder’s Subscription Amount to be paid by or wire transfer in indefeasible funds, in accordance with the Meetings Order and the New Equity Offering Documentation on or prior to the New Equity Participation Deadline.
“Person” means any individual, firm, corporation, limited or unlimited liability company, general or limited partnership, association, trust (including a real estate investment trust), joint venture,
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unincorporated organization, governmental unit, body or agency or any instrumentality thereof, Canadian or non-Canadian regulatory body or agency or any instrumentality thereof, or any other entity.
“Plan” has the meaning ascribed thereto in the recitals.
“Plan Implementation Fund” means an amount equal to the aggregate amount of funds to be delivered or paid or caused to be delivered or paid by the Just Energy Entities to the Monitor pursuant to Section 4.1, to be held in a segregated account and distributed by the Monitor in accordance with the Plan.
“Plan Sponsor” means, collectively, LVS III SPE XV LP, TOCU XVII LLC, HVS XVI LLC, OC II LVS XIV LP and OC III LFE I LP.
“Plan Sponsor Counsel” means Cassels Brock & Blackwell LLP, Canadian counsel to the Plan Sponsor, and Akin Gump Strauss Hauer & Feld LLP, United States counsel to the Plan Sponsor.
“Post-Filing Claim” or “Post-Filing Claims” means any or all indebtedness, liability, or obligation of the Just Energy Entities of any kind that arises during and in respect of the period commencing on the Filing Date and ending on the day immediately preceding the Effective Date in respect of services rendered or supplies provided to the Just Energy Entities during such period or under or in accordance with any Continuing Contract; provided that, for certainty, such amounts are not a Restructuring Period Claim or a Restructuring Period D&O Claim.
“Pre-Filing Claim” or “Pre-Filing Claims” means any or all right or claim of any Person against any of the Just Energy Entities, whether or not asserted, in connection with any indebtedness, liability or obligation of any kind whatsoever of any such Just Energy Entity to such Person, in existence on the Filing Date, whether or not such right or claim is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, unsecured, perfected, unperfected, present, future, known or unknown, by guarantee, surety or otherwise, and whether or not such right is executory or anticipatory in nature, including any right or claim with respect to any Assessment, or contract, or by reason of any equity interest, right of ownership of or title to property or assets or right to a trust or deemed trust (statutory, express, implied, resulting, constructive or otherwise), and any right or ability of any Person to advance a claim for contribution or indemnity or otherwise against any of the Just Energy Entities with respect to any matter, action, cause or chose in action, whether existing at present or commenced in the future, which right or claim, including in connection with indebtedness, liability or obligation, is based in whole or in part on facts that existed prior to the Filing Date, including for greater certainty any Equity Claim, any claim brought by any proposed or confirmed representative plaintiff on behalf of a class in a class action, and any D&O Indemnity Claim.
“Pre-Filing D&O Claim” or “Pre-Filing D&O Claims” means any or all right or claim of any Person against one or more of the Directors and/or Officers arising based in whole or in part on facts that existed prior to the Filing Date, whether or not such right or claim is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, unsecured, perfected, unperfected, present, future, known, or unknown, by guarantee, surety or otherwise, and whether or not such right is executory or anticipatory in nature, including any Assessments, any claim brought by any proposed or confirmed representative
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plaintiff on behalf of a class in a class action, and any right or ability of any Person to advance a claim for contribution, indemnity or otherwise against any of the Directors and/or Officers with respect to any matter, action, cause or chose in action, whether existing at present or arising or commenced in the future, for which any Director or Officer is alleged to be, by statute or otherwise by law or equity, liable to pay in his or her capacity as a Director or Officer.
“Priority Commodity/ISO Charge” has the meaning ascribed thereto in the Initial Order.
“Pro Rata Share” means, as at any relevant date of determination, the proportionate share of a Person’s holdings of an amount or thing to the total of all Persons’ holdings of such amount or thing and, in the case of,
		(a)
	each General Unsecured Creditor, the percentage that such General Unsecured Creditor’s General Unsecured Creditor Claim that is an Accepted Claim, bears to the aggregate of all General Unsecured Creditor Claims that are Accepted Claims and Disputed Claims (for certainty, valued at the amounts asserted by such General Unsecured Creditors);

		(b)
	each Beneficial Term Loan Claim Holder, the percentage that such Beneficial Term Loan Claim Holder’s Term Loan Claim that is an Accepted Claim, bears to the aggregate Term Loan Claim that is an Accepted Claim;

		(c)
	each Beneficial Subordinated Note Claim Holder, the percentage that such Beneficial Subordinated Note Claim Holder’s Subordinated Note Claim that is an Accepted Claim, bears to the aggregate Subordinated Note Claim that is an Accepted Claim; and

		(d)
	each Credit Facility Lender, the percentage that such Credit Facility Lender’s Credit Facility Claim that is an Accepted Claim, bears to the aggregate Credit Facility Claim that is an Accepted Claim.

“Proof of Assignment” means a notice of transfer of the whole of a Claim executed by a Creditor and the transferee, together with satisfactory evidence of such transfer as may be reasonably required by the Monitor.
“Proof of Claim” has the meaning ascribed thereto in the Claims Procedure Order.
“Record Date” has the meaning ascribed thereto in the Meetings Order.
“Regulatory Approvals” means any material licenses, permits or approvals required from any Governmental Entity or under any Applicable Laws relating to the business and operations of the Just Energy Entities that would be required to be obtained in order to permit JEGI, New Just Energy Parent and the Plan Sponsor to complete the transactions contemplated by the Plan and the Backstop Commitment Letter, including the issuance and acquisition of the New Common Shares, other than the Competition Act Approval, the Antitrust Approval and the Investment Canada Act Approval.
“Released Claim” and “Released Claims” have the meaning ascribed thereto in Section 8.1.
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“Released D&O Claim” means any D&O Claim that is released pursuant to Section 8.1, and “Released D&O Claims” means all of them.
“Released Party” and “Released Parties” have the meaning ascribed thereto in Section 8.1.
“Releasing Party” and “Releasing Parties” means any and all Persons (besides the Just Energy Entities and their respective current and former affiliates), and their current and former affiliates’ current and former members, directors, managers, officers, investment committee members, special committee members, equity holders (regardless of whether such interests are held directly or indirectly), predecessors, successors, assigns, participants, subsidiaries, affiliates, partners, limited partners, general partners, affiliated investment funds or investment vehicles, managed accounts or funds, and each of their respective current and former members, equity holders, officers, directors, managers, principals, members, management companies, advisory board members, investment fund advisors or managers, employees, agents, trustees, investment managers, financial advisors, partners, legal counsel, accountants, investment bankers, consultants, representatives, and other professionals, each in their capacity as such.
“Required Majorities” means, with respect to each Class of Affected Creditors, the affirmative vote of a majority in number of all voting (in person or by proxy) Creditors holding Voting Claims in such Class and representing not less than 66 2/3% in value of the Voting Claims voting (in person or by proxy) in such Class at the applicable Meeting.
“Restructuring Period Claim” or “Restructuring Period Claims” means any or all right or claim of any Person against any of the Just Energy Entities in connection with any indebtedness, liability or obligation of any kind whatsoever owed by any such Just Energy Entity to such Person arising out of the restructuring, disclaimer, resiliation, termination or breach by such Just Energy Entity on or after the Filing Date of any contract, lease or other agreement, whether written or oral, and including any right or claim with respect to any Assessment.
“Restructuring Period D&O Claim” or “Restructuring Period D&O Claims” means any or all right or claim of any Person against one or more of the Directors and/or Officers arising after the Filing Date, whether or not such right or claim is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, unsecured, perfected, unperfected, present, future, known, or unknown, by guarantee, surety or otherwise, and whether or not such right is executory or anticipatory in nature, including any Assessments and any right or ability of any Person to advance a claim for contribution, indemnity or otherwise against any of the Directors and/or Officers with respect to any matter, action, cause or chose in action, whether existing at present or arising or commenced in the future, for which any Director or Officer is alleged to be, by statute or otherwise by law or equity, liable to pay in his or her capacity as a Director or Officer.
“Restructuring Steps Supplement” has the meaning ascribed thereto in Section 6.2.
“Restructuring Term Sheet” means that certain restructuring term sheet attached at Exhibit “C” to the Support Agreement as may be amended in accordance with the terms of the Support Agreement.
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“Sanction Order” means the Order of the Court in the CCAA Proceeding, which, among other things, sanctions and approves the Plan, as same may be further amended, restated or varied from time to time, and in all such cases such Order shall be in form and substance reasonably acceptable to the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor.
“Sanction Recognition Order” means the Order entered by the U.S. Court recognizing and enforcing the Sanction Order in the Chapter 15 Proceeding, which shall be in form and substance reasonably acceptable to the Just Energy Entities, the Credit Facility Lenders, Shell and the Plan Sponsor.
“Section 1145” means section 1145 of the U.S. Bankruptcy Code.
“Secured Creditor Class” means the Class comprised of the Credit Facility Lenders in respect of the Credit Facility Claims.
“Secured Creditor Proxy” has the meaning ascribed thereto in the Meetings Order.
“Shell” means, collectively, Shell Energy North America (Canada) Inc., Shell Energy North America (US), L.P., and Shell Trading Risk Management, LLC.
“Specified Equity Class Action Claim” has the meaning ascribed thereto in the Claims Procedure Order.
“Subject Class Action Claims” means, collectively, the Claims in respect of which Proofs of Claim have been filed in accordance with the Claims Procedure Order by (a) Haidar Omarali, representative plaintiff; (b) Fira Donin and Inna Golovan, proposed representative plaintiffs; and (c) Trevor Jordet, proposed representative plaintiff.
“Subject Class Action Plaintiff” means, as applicable, (a) the representative plaintiff in any certified Subject Class Action Claim; or (b) the proposed representative plaintiffs in any uncertified Subject Class Action Claim.
“Subordinated Note” means the subordinated notes issued by JEGI pursuant to the Subordinated Note Indenture.
“Subordinated Note Claim” means the aggregate principal amount of $13,179,000 currently owing by JEGI under the Subordinated Note Documents and pursuant to the Subordinated Notes, plus all accrued and outstanding fees, costs, interest, and other amounts owing pursuant to the Subordinated Note Documents as determined in accordance with the Claims Procedure Order.
“Subordinated Note Documents” means, collectively, the Subordinated Note Indenture and all related documentation.
“Subordinated Note Indenture” means the trust indenture entered into on September 28, 2020 by JEGI and the Subordinated Note Trustee.
“Subordinated Note Trustee” means Computershare Trust Company of Canada, in its capacity as the indenture trustee under the Subordinated Note Indenture.
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“Subordinated Noteholder” means any registered holder of Subordinated Notes, in such capacity, and “Subordinated Noteholders” means all of them.
“Subscription Amount” means (a) in respect of a Beneficial Term Loan Claim Holder, an amount such beneficial holder has agreed to subscribe for New Equity Offering Shares at the Subscription Price; and (b) in respect of a Backstop Party, an amount equal to its Subscription Share Percentage of the New Equity Offering Shares multiplied by the Subscription Price.
“Subscription Price” means US$10 per New Equity Offering Share.
“Subscription Share Percentage” means a Beneficial Term Loan Claim Holder’s Pro Rata Share of the Term Loan Claim as of the Term Loan Record Date.
“Support Agreement” means that certain plan support agreement dated May 12, 2022 between the Just Energy Entities, the Plan Sponsor, the Credit Facility Lenders, Shell, the BP Commodity/ISO Services Claimholder and such other parties who may become bound by such agreement, as may be amended, restated, supplemented and/or otherwise modified from time to time in accordance with the terms thereof.
“Supporting Parties” means the parties that have executed the Support Agreement with the Just Energy Entities other than the Just Energy Entities.
“Tax” or “Taxes” means any and all federal, provincial, state, municipal, local and foreign taxes, assessments, reassessments and other Governmental Entity charges, duties, impositions and liabilities, including, for greater certainty, taxes based upon or measured by reference to income, gross receipts, profits, capital, transfer, land transfer, sales, goods and services, harmonized sales, use, value-added, excise, withholding, business, franchising, property, development, occupancy, employer health, payroll, employment, health, social services, education and social security taxes, all surtaxes, all customs duties and import and export taxes, all licence, franchise and registration fees and all employment insurance, health insurance and federal, provincial, state, municipal, local and foreign government pension plan premiums or contributions, together with all interest, penalties, fines and additions with respect to such amounts.
“Taxing Authorities” means Her Majesty the Queen in right of Canada, Her Majesty the Queen in right of any province or territory of Canada, the Canada Revenue Agency, any similar revenue or taxing authority of Canada and each and every province or territory of Canada and any political subdivision thereof, the United States Internal Revenue Service, any similar revenue or taxing authority of the United States and each and every state and locality of the United States, and any Canadian, United States or other Governmental Entity exercising taxing authority or power, and “Taxing Authority” means any one of the Taxing Authorities.
“Term Loan” means the senior unsecured term loan issued pursuant to the Term Loan Agreement.
“Term Loan Agent” means Computershare Trust Company of Canada, in its capacity as administrative agent under the Term Loan Agreement.
“Term Loan Agreement” means the First Amended and Restated Loan Agreement dated as of September 28, 2020 among JEGI as borrower, Sagard Credit Partners, LP and each other person
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from time to time party thereto as a lender, and the Term Loan Agent, as may be amended, restated, supplemented and/or otherwise modified from time to time in accordance with the terms thereof.
“Term Loan Claim” means the aggregate principal amount of US$208,588,899.18 owing by the Just Energy Entities under the Term Loan Agreement and pursuant to the Term Loan, plus all accrued and outstanding pre-filing fees, costs, interest, or other amounts owing pursuant to the Term Loan Agreement as determined in accordance with the Claims Procedure Order.
“Term Loan Claim Holder” means any registered holder of the Term Loan Claim as of the Term Loan Record Date, in such capacity, and “Term Loan Claim Holders” means all of them.
“Term Loan Claim Shares” means 10% of the total New Common Shares, subject to dilution by the equity issued or issuable pursuant to the MIP, to be issued on the Effective Date to the Beneficial Term Loan Claim Holders pursuant to Section 3.4(2).
“Term Loan Record Date” means 5:00 p.m. on May 11, 2022.
“Term Loan Turnover Amount” has the meaning ascribed thereto in Section 3.4(4).
“Termination Fee Charge” has the meaning ascribed thereto in the Authorization Order.
“Texas Power Interruption Claim” means the Claim in respect of which Proofs of Claim have been filed in accordance with the Claims Procedure Order by the Texas Power Interruption Claimants’ Counsel, by and on behalf of claimants whom they represent and who authorized them to do so.
“Texas Power Interruption Claimants’ Counsel” means, collectively, Robins Cloud LLP, Fears Nachawati PLLC, Watts Guerra LLP and Parker Waichman LLP.
“Transaction Regulatory Approvals” means, collectively, and in each case to the extent it has been agreed to in accordance with Article 7 hereof that such approval shall be obtained, the Competition Act Approval, the Antitrust Approvals, the Investment Canada Act Approval and the Regulatory Approvals.
“Turnover Amounts” has the meaning ascribed thereto in Section 3.4(4).
“U.S. Bankruptcy Code” means title 11 of the United States Code, 11 U.S.C. §§ 101–1532, as amended.
“U.S. Bankruptcy Rules” means the Federal Rules of Bankruptcy Procedure as promulgated by the United States Supreme Court under section 2075 of title 28 of the United States Code, 28 U.S.C. § 2075, as applicable to the Chapter 15 Proceeding, and the general, local and chambers rules of the U.S. Court, as amended.
“U.S. Court” has the meaning ascribed thereto in the recitals.
“U.S. Exchange Act” means the Securities Exchange Act of 1934, as amended.
“U.S. Securities Act” means the U.S. Securities Act of 1933, as amended.
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“Unaffected Claim” means any:
		(a)
	Post-Filing Claim;

		(b)
	Claim secured by a CCAA Charge, including the DIP Lenders’ Claim secured by the DIP Lenders’ Charge and the Cash Management Obligations secured by the Cash Management Charge;

		(c)
	Commodity Supplier Claim;

		(d)
	BP Commodity/ISO Services Claim;

		(e)
	Credit Facility LC Claim;

		(f)
	Government Priority Claim;

		(g)
	Employee Priority Claim;

		(h)
	Energy Regulator Claim;

		(i)
	Specified Equity Class Action Claim, solely to the extent preserved pursuant to the CBCA Arrangement;

		(j)
	Insured Claim;

		(k)
	Intercompany Claim, subject to Section 5.4(f);

		(l)
	Claim finally determined in accordance with the Claims Procedure Order to be a secured or priority claim against any of the Just Energy Entities and entitled to be paid in full in priority to the General Unsecured Creditor Claims and the Term Loan Claim, and which Claim is not and does not become a Disallowed Claim;

		(m)
	Claim for sales, use or other Taxes by a U.S. Taxing Authority whereby the nonpayment of which by any Just Energy Entity could result in a responsible person associated with a Just Energy Entity being held personally liable for such nonpayment;

		(n)
	Excluded D&O Indemnity Claim;

		(o)
	Claim that may be asserted by any of the Just Energy Entities against any Directors and/or Officers;

		(p)
	Claim against Directors that cannot be compromised due to the provisions of section 5.1(2) of the CCAA; or

		(q)
	Claim that cannot be compromised due to the provisions of section 19(2) of the CCAA, except any Claim to which Section 8.7 applies, which shall be Affected Claims for the purposes of the Plan,

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and for greater certainty, shall include any Unaffected Claim arising through subrogation.
“Unaffected Creditor” means a Creditor who has an Unaffected Claim, but only in respect of and to the extent of such Unaffected Claim.
“Undeliverable Distribution” has the meaning ascribed thereto in Section 5.6.
“Unissued New Shares” has the meaning ascribed thereto in Section 5.3(e).
“Unsecured Creditor Class” means the Class comprised of General Unsecured Creditors and Term Loan Claim Holders.
“Unsecured Creditor Proxy” has the meaning ascribed thereto in the Meetings Order.
“Unsubscribed New Equity” means the aggregate number of New Equity Offering Shares, less the aggregate number of New Equity Offering Shares to be issued pursuant to the Subscription Amount submitted to the Just Energy Entities on or before the New Equity Participation Deadline.
“Voting Claim” means the amount of an Affected Claim for which a Proof of Claim has been filed or a Negative Notice Claims Package delivered, which, as of the Record Date or the Term Loan Record Date, as applicable, (a) is an Accepted Claim; or (b) has been accepted or deemed to be accepted solely for voting purposes pursuant to the Claims Procedure Order, the Meetings Order or any other Order of the Court or the U.S. Court; provided that notwithstanding the foregoing, (i) with respect to the Term Loan Claim, (x) the Term Loan Agent shall not have a Voting Claim, and (y) each Term Loan Claim Holder shall have a Voting Claim in the amount equal to its Pro Rata Share of the Term Loan Claim in the amount that is an Accepted Claim, or if not an Accepted Claim by two (2) Business Days before the Meetings Date, in the amount set out in the Negative Notice Claims Package in respect of the Term Loan Claim, (ii) with respect to the Subordinated Note Claim, (x) the Subordinated Noteholder shall have a Voting Claim in the amount equal to the Subordinated Note Claim, and (y) the Beneficial Subordinated Note Claim Holders shall not have a Voting Claim, and (iii) with respect to the Credit Facility Claim, (x) the Credit Facility Agent shall not have a Voting Claim, and (y) each Credit Facility Lender shall have a Voting Claim in the amount equal to its Pro Rata Share of the Credit Facility Claim that is an Accepted Claim.
		1.2
	Certain Rules of Interpretation

For the purposes of the Plan:
		(a)
	any reference in the Plan to a contract, instrument, release, indenture, or other agreement or document being in a particular form or on particular terms and conditions means that such document shall be substantially in such form or substantially on such terms and conditions;

		(b)
	any reference in the Plan to an Order or an existing document or exhibit filed or to be filed means such Order, document or exhibit as it may have been or may be amended, restated, modified, supplemented or varied from time to time;

		(c)
	unless otherwise specified, all references to currency and to “$” are to Canadian dollars;

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		(d)
	the division of the Plan into “Articles” and “Sections” and the insertion of a Table of Contents are for convenience of reference only and do not affect the construction or interpretation of the Plan, nor are the descriptive headings of “Articles” and “Sections” otherwise intended as complete or accurate descriptions of the content thereof;

		(e)
	any references in the Plan to “Articles”, “Sections”, “Subsections” and “Schedules” are references to Articles, Sections, Subsections and Schedules of or to the Plan;

		(f)
	the use of words in the singular or plural, or with a particular gender, including a definition, shall not limit the scope or exclude the application of any provision of the Plan or a schedule hereto to such Person (or Persons) or circumstances as the context otherwise permits;

		(g)
	the words “includes” and “including” and similar terms of inclusion shall not, unless expressly modified by the words “only” or “solely”, be construed as terms of limitation, but rather shall mean “includes but is not limited to” and “including but not limited to”, so that references to included matters shall be regarded as illustrative without being either characterizing or exhaustive;

		(h)
	unless otherwise specified, all references to time herein and in any document issued pursuant hereto shall mean the prevailing local time in Toronto, Ontario and any reference to an event occurring on a Business Day shall mean prior to 5:00 p.m. on such Business Day;

		(i)
	unless otherwise provided, any reference to a statute or other enactment of parliament or a legislature includes all rules and regulations made thereunder, all amendments to or re-enactments of such statute or regulations in force from time to time, and, if applicable, any statute or regulation that supplements or supersedes such statute or regulation;

		(j)
	references to a specified “Article” or “Section” shall, unless something in the subject matter or context is inconsistent therewith, be construed as references to that specified article or section of the Plan, whereas the terms “the Plan”, “hereof”, “herein”, “hereto”, “hereunder” and similar expressions shall be deemed to refer generally to the Plan and not to any particular “Article”, “Section” or other portion of the Plan and include any documents supplemental hereto; and

		(k)
	the word “or” is not exclusive.

		1.3
	Date and Time for any Action

For the purposes of the Plan:
		(a)
	in the event that any date on which any action is required to be taken under the Plan by any Person is not a Business Day, that action shall be required to be taken on the next succeeding day which is a Business Day, and any reference to an event occurring on a Business Day shall mean prior to 5:00 p.m. on such Business Day; and

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		(b)
	unless otherwise specified, time periods within or following which any payment is to be made or act is to be done shall be calculated by excluding the day on which the period commences and including the day on which the period ends and by extending the period to the next succeeding Business Day if the last day of the period is not a Business Day.

		1.4
	Successors and Assigns

The Plan shall be binding upon and shall enure to the benefit of the heirs, administrators, executors, legal personal representatives, receivers, trustees in bankruptcy, successors and assigns of any Person or party directly or directly named or referred to in or subject to the Plan.
		1.5
	Governing Law

The Plan shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein. All questions as to the interpretation of or application of the Plan and all proceedings taken in connection with the Plan and its provisions shall be subject to the jurisdiction of the Court; provided that, the Chapter 15 Proceeding shall be subject to the jurisdiction of the U.S. Court.
		1.6
	Schedules

The following is the Schedule to the Plan, which is incorporated by reference into the Plan and forms a part of it:
	​

	​

	Schedule “A”
	Just Energy Partnerships

​
ARTICLE 2
PURPOSE AND EFFECT OF THE PLAN
		2.1
	Purpose

The purpose of the Plan is:
		(a)
	to implement a restructuring of the Just Energy Entities;

		(b)
	to provide for a compromise and arrangement of all Affected Claims;

		(c)
	to effect a release and discharge of all Affected Claims and Released Claims; and

		(d)
	to ensure the continuation of the Just Energy Entities and their business,

in the expectation that the Persons who have a valid economic interest in the Just Energy Entities will derive a greater benefit from the implementation of the Plan than they would derive from a bankruptcy or liquidation of the Just Energy Entities.
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		2.2
	Persons Affected

The Plan provides for a full and final release and discharge of the Affected Claims and Released Claims, a settlement of, and consideration for, all Affected Claims that are Accepted Claims and a restructuring of the Just Energy Entities. The Plan will become effective at the Effective Time in accordance with its terms and in the sequence set forth in the Restructuring Steps Supplement and shall be binding on and enure to the benefit of the Just Energy Entities, the Affected Creditors, the Released Parties and all other Persons directly or indirectly named or referred to in or subject to Plan, and each of their respective heirs, executors, administrators, legal representatives, successors, and assigns in accordance with the terms hereof.
		2.3
	Persons Not Affected

The Plan does not affect the Unaffected Creditors, subject to the express provisions hereof providing for the payment of certain Unaffected Claims and/or treatment of Insured Claims. Nothing in the Plan shall affect the Just Energy Entities’ rights and defences, both legal and equitable, with respect to any Unaffected Claims, including all rights with respect to legal and equitable defences or entitlements to set-offs or recoupments against such Unaffected Claims.
		2.4
	Equity Claimants

On the Effective Date, the Plan will be binding on all Equity Claimants, including the Existing Common Shareholders. Equity Claimants, including the Existing Common Shareholders, shall not receive a distribution or other consideration under the Plan and shall not be entitled to vote on the Plan in respect of their Equity Claims or Existing Equity or attend any of the Meetings. On the Effective Date, in accordance with the steps and sequences set forth in the Restructuring Steps Supplement, all Existing Equity (other than, for certainty, the Common Shares transferred and the Common Shares issued to New Just Energy Parent on the Effective Date in accordance with the steps and sequences set forth in the Restructuring Steps Supplement, the Intercompany Interests and the New Shares) shall be cancelled and extinguished and all Equity Claims shall be fully, finally, irrevocably and forever compromised, released, discharged and barred without any compensation of any kind whatsoever.
		2.5
	Treatment of Employment Agreements

Unless otherwise expressly required by the terms of this Plan, provided for by the MIP, or agreed to in writing by and among the Just Energy Entities, the Plan Sponsor, and the applicable employee (or employees) affected by any change or modification, each of the Employment Agreements will not be disclaimed and will remain in place as of, and as a condition to the occurrence of, the Effective Date.
		2.6
	Management Incentive Plan

On the Effective Date, the New Board shall adopt the MIP, on terms consistent in all respects with the management incentive plan term sheet, attached as Exhibit 4 to the Restructuring Term Sheet.
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ARTICLE 3
CLASSIFICATION AND TREATMENT OF CREDITORS AND RELATED MATTERS
		3.1
	Claims Procedure

The procedure for determining the validity and quantum of the Affected Claims and for resolving Disputed Claims for voting and distribution purposes under the Plan shall be governed by the Claims Procedure Order, the Meetings Order, the CCAA, the Plan and any further Order of the Court. For the avoidance of doubt, the Claims Procedure Order will remain in full force and effect from and after the Effective Date.
		3.2
	Classification of Creditors

In accordance with the Meetings Order, for the purposes of considering and voting on the Plan and receiving a distribution hereunder, the Affected Creditors will be divided into two (2) separate Classes: (a) the Unsecured Creditor Class; and (b) the Secured Creditor Class.
		3.3
	Meetings

The Meetings shall be held in accordance with the Meetings Order and any further Order of the Court in the CCAA Proceeding. The only Persons entitled to attend and vote at the Meetings are those specified in the Meetings Order and any further Order of the Court in the CCAA Proceeding.
		3.4
	Affected Claims of the General Unsecured Creditors

		(1)
	Voting of the Unsecured Creditor Class

Pursuant to and in accordance with the Meetings Order, each of the following Creditors shall be entitled to vote on the Plan at the Meeting for the Unsecured Creditor Class as follows:
		(a)
	each Term Loan Claim Holder shall be entitled to one (1) vote in the amount equal to its Voting Claim; provided that, in order to vote on the Plan, a Term Loan Claim Holder must deliver an Unsecured Creditor Proxy in accordance with the Meetings Order;

		(b)
	Convenience Creditors shall each be deemed to vote in favour of the Plan in the amount of such Creditor’s Accepted Claim;

		(c)
	General Unsecured Creditors (other than the Subordinated Noteholder) with Voting Claims shall be entitled to one (1) vote in the amount equal to such Creditor’s Voting Claim; provided that, in order to vote on the Plan, a General Unsecured Creditor (other than a Convenience Creditor or a Subordinated Noteholder) must deliver an Unsecured Creditor Proxy in accordance with the Meetings Order; and

		(i)
	with respect to any Subject Class Action Claim, each Subject Class Action Plaintiff with Voting Claims shall be entitled to one (1) vote in an amount equal to its Voting Claim; and

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		(ii)
	with respect to the Texas Power Interruption Claim, each Texas Power Interruption Claimants’ Counsel with Voting Claims shall be entitled to one (1) vote in an amount equal to its Voting Claim; and

		(d)
	the Subordinated Noteholder shall be entitled to one (1) vote in the amount equal to its Voting Claim.

		(2)
	Treatment of the Term Loan Claim

In accordance with the terms and in the steps and sequences set forth in the Restructuring Steps Supplement, on the Effective Date, in full and final satisfaction of the Term Loan Claim:
		(a)
	subject to Section 5.3(e), each Beneficial Term Loan Claim Holder shall be entitled to receive its Pro Rata Share of the Term Loan Claim Shares;

		(b)
	each Beneficial Term Loan Claim Holder that qualifies as a New Equity Offering Eligible Participant shall be entitled to participate in the New Equity Offering Rights based on its Subscription Share Percentage; and

		(c)
	each Non-Participating Term Loan Claim Holder shall be entitled to receive its Non-Participating Term Loan Lender Pro Rata Share of the Turnover Amounts.

		(3)
	Treatment of the General Unsecured Claims

In accordance with the terms and in the steps and sequences set forth in the Restructuring Steps Supplement, on the Effective Date, in full and final satisfaction of the General Unsecured Creditor Claims:
		(a)
	Convenience Creditors:

		(i)
	General Unsecured Creditors with Accepted Claims on the Initial Distribution Record Date equal to or less than $1,500 shall be deemed to have made a Distribution Election and to have elected to and shall receive the Distribution Election Amount in respect of their Accepted Claim from the Convenience Cash Pool on the Initial Distribution Date in accordance with the Plan; and

		(ii)
	General Unsecured Creditors with Accepted Claims on the Initial Distribution Record Date greater than $1,500 that have made a Distribution Election prior to the Distribution Election Deadline shall receive the Distribution Election Amount in respect of their Accepted Claim from the Convenience Cash Pool on the Initial Distribution Date in accordance with the Plan.

		(b)
	Other General Unsecured Creditors

		(i)
	Each General Unsecured Creditor with an Accepted Claim greater than $1,500 that has not made a Distribution Election prior to the Distribution Election Deadline shall receive its Pro Rata Share of the General Unsecured

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Creditor Cash Pool (after deducting all Distribution Election Amounts payable under the Plan and any amounts paid, payable or reserved under Section Error! Reference source not found. on a Distribution Date).
		(4)
	Treatment of the Subordinated Note Claim

Subject to and in accordance with the provisions of the Subordinated Note Indenture, including sections 5.2 and 5.5 thereof, each Beneficial Subordinated Note Claim Holder shall receive the applicable portion of the General Unsecured Creditor Cash Pool (after deducting all Distribution Election Amounts payable under the Plan) provided for in Section Error! Reference source not found.(b)(i) of the Plan in full satisfaction of its Subordinated Note Claim and each Subordinated Note Claim and all Subordinated Notes shall be fully, finally, and irrevocably and forever compromised, released, discharged, cancelled, extinguished, and barred on the Effective Date. For certainty, the Monitor shall not make any distribution to any Subordinated Noteholder or Beneficial Subordinated Note Claim Holder until all Persons entitled to turnover of any such distribution (any such amounts, the “Turnover Amounts”) pursuant to the terms of the Subordinated Note Indenture have been paid in full. Instead, the Monitor shall distribute: (i) the Non-Participating Term Loan Lender Pro Rata Shares of the Turnover Amounts to the Non-Participating Term Loan Claim Holders (collectively, the “Term Loan Turnover Amount”); and (ii) the Turnover Amounts, less the Term Loan Turnover Amount, to the beneficiaries of the General Unsecured Creditor Cash Pool. For the purposes of this Section, with respect to any Turnover Amounts that would otherwise be required to be paid to Beneficial Term Loan Claim Holders that are not Non-Participating Term Loan Claim Holders, such amounts shall be contributed to the beneficiaries of the General Unsecured Creditor Cash Pool.
		(5)
	D&O Claims

		(a)
	All Released D&O Claims shall be fully, finally, and irrevocably compromised, released, discharged, cancelled, extinguished and barred on the Effective Date. All D&O Indemnity Claims shall be treated for all purposes under the Plan as General Unsecured Creditor Claims and shall be fully, finally, and irrevocably compromised, released, discharged, cancelled, extinguished and barred on the Effective Date.

		(b)
	All Non-Released D&O Claims shall not be compromised, released, discharged, cancelled, extinguished and barred on the Effective Date, but shall be irrevocably limited to recovery from any insurance proceeds payable in respect of such Non-Released D&O Claims pursuant to the Insurance Policies, and Persons with such Non-Released D&O Claims shall have no right to, and shall not, make any claim or seek any recoveries other than enforcing such Persons’ rights to be paid from the proceeds of the applicable Insurance Policies by the applicable insurer(s).

		(c)
	Notwithstanding anything to the contrary herein, from and after the Effective Date, any Person may only commence an action for a D&O Claim against a Director or Officer if such Person has first obtained (i) the consent of the Monitor, or (ii) the leave of the Court on notice to the applicable Director or Officer, the Just Energy Entities, the Monitor and any applicable insurer(s), or if the action will be

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commenced within the United States, if such Person has first obtained an Order of the U.S. Court in the Chapter 15 Proceeding on notice to the applicable Director or Officer, the Just Energy Entities, the Monitor and any applicable insurer(s).
		3.5
	Affected Claims of the Secured Creditor Class

		(1)
	Voting of the Secured Creditor Class

Pursuant to and in accordance with the Meetings Order, the Secured Creditor Class shall be entitled to vote on the Plan at the Meeting as follows: each Credit Facility Lender shall be entitled to one (1) vote in the amount equal to its Voting Claim; provided that, in order to vote on the Plan, a Credit Facility Lender must deliver a Secured Creditor Proxy in accordance with the Meetings Order.
		(2)
	Treatment of the Credit Facility Claim

In accordance with the terms and in the steps and sequences set forth in the Restructuring Steps Supplement, on the Effective Date, in full and final satisfaction of the Credit Facility Claim,
		(a)
	the Just Energy Entities, shall pay, or shall cause to be paid, to the Credit Facility Agent, an amount equal to the Credit Facility Claim less the Credit Facility Remaining Debt, if any, in full in cash in the currency that such Credit Facility Claim was originally denominated in full and final satisfaction of the Credit Facility Claim less the Credit Facility Remaining Debt, if any; and

		(b)
	provided that a Credit Facility Lender Termination Event has not occurred (or if it has occurred, it has been waived by the Credit Facility Lenders in accordance with the Support Agreement) before the Effective Time, the New Credit Facility and the New Credit Facility Documents shall become effective in accordance with their terms, and the Credit Facility Remaining Debt, if any, shall remain outstanding as an initial outstanding principal amount under the New Credit Agreement, upon implementation of the Plan pursuant and subject to the terms of the New Credit Facility Documents.

		3.6
	Treatment of the BP Commodity / ISO Services Claims

In accordance with the terms and in the steps and sequences set forth in the Restructuring Steps Supplement, on the Effective Date, in full and final satisfaction of the BP Commodity / ISO Services Claims, New Just Energy Parent shall issue the New Preferred Shares to the BP Commodity / ISO Services Claimholder. The BP Commodity / ISO Services Claimholder shall not be entitled to vote on the Plan in respect of the BP Commodity / ISO Services Claims.
		3.7
	Treatment of De Minimis Claims

Notwithstanding any other provision of this Plan, no holder of an Accepted Claim that is less than $10 (a “De Minimis Claim”) shall be entitled to or receive any distributions pursuant to the Plan in respect of such De Minimis Claim, and all such De Minimis Claims shall be fully, finally,
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irrevocably and forever compromised, released, discharged, cancelled and barred, and shall be treated as such in the calculation of any Pro Rata Share under this Plan.
		3.8
	Unaffected Claims

Unaffected Claims shall not be compromised under the Plan. No holder of an Unaffected Claim shall: (a) be treated as a Convenience Creditor; (b) be entitled to vote on the Plan or attend at any of the Meetings in respect of such Unaffected Claim; or (c) be entitled to or receive any payments or distributions, or be subject to any compromise or settlement, pursuant to the Plan in respect of such Unaffected Claim, unless specifically provided for under and pursuant to the Plan, including without limitation, pursuant to Section 3.6, Section 5.4(a)(v) and Section 11.3.
		3.9
	New Equity Offering

		(a)
	Each Beneficial Term Loan Claim Holder that qualifies as a New Equity Offering Eligible Participant shall have the right, but not the obligation, to elect irrevocably to participate in the New Equity Offering and exercise its New Equity Offering Rights to subscribe for and purchase up to its Subscription Share Percentage of New Equity Offering Shares by submitting, in accordance with the New Equity Offering Documentation, a duly completed and executed New Equity Offering Participation Form, together with such Beneficial Term Loan Claim Holder’s Subscription Amount to be paid to the Escrow Agent, by wire transfer in indefeasible funds, in accordance with the Meetings Order and the New Equity Offering Documentation on or prior to the New Equity Participation Deadline. Any New Equity Offering Participation Form received by the Just Energy Entities after the New Equity Participation Deadline or not accompanied by such Beneficial Term Loan Claim Holder’s Subscription Amount will be deemed to be invalid and not effective and shall be disregarded for all purposes of the Plan.

		(b)
	Submission of a validly completed New Equity Offering Participation Form and the applicable Subscription Amount by a Beneficial Term Loan Claim Holder that qualifies as a New Equity Offering Eligible Participant in accordance with the Meetings Order, the New Equity Offering Documentation and this Section 3.9 shall constitute an irrevocable subscription by the applicable Beneficial Term Loan Claim Holder, and a commitment by the applicable Beneficial Term Loan Claim Holder, to participate in the New Equity Offering Rights by purchasing up to its Subscription Share Percentage of the New Equity Offering Shares.

		(c)
	Subject to the terms and conditions of the Backstop Commitment Letter, each Backstop Party shall deliver a completed and executed New Equity Offering Participation Form and fund its Subscription Amount in accordance with the Backstop Commitment Letter.

		(d)
	Additional Backstop Parties shall fund their Backstop Party’s Commitments in accordance with the Backstop Commitment Letter. To the extent an Additional Backstop Party’s Backstop Party Commitments are unused, they will be returned to the Additional Backstop Party in accordance with the Backstop Commitment Letter.

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		(e)
	Within five (5) Business Days following the New Equity Participation Deadline, the Just Energy Entities shall provide written notice to each Initial Backstop Party and the Monitor setting forth the Just Energy Entities’ calculation of: (i) the number of Backstopped Shares, (ii) the New Equity Offering Shares subscribed for and funded by New Equity Offering Eligible Participants in the New Equity Offering, and (iii) such Backstop Party’s Backstop Party’s Commitments.

		(f)
	The Escrow Agent shall promptly return to a Beneficial Term Loan Claim Holder any Subscription Amount received from a Beneficial Term Loan Claim Holder who did not submit a duly completed and executed New Equity Offering Participation Form on or prior to the New Equity Participation Deadline or who does not qualify as a New Equity Offering Eligible Participant, in accordance with this Section 3.9, and the Just Energy Entities shall notify such Beneficial Term Loan Claim Holder of the reason for the return of the Subscription Amount.

		(g)
	Subject to and in accordance with the terms and conditions of the Backstop Commitment Letter, no less than five (5) Business Days prior to the anticipated Effective Date (or such other date as may be agreed by the Just Energy Entities and the Initial Backstop Parties, each acting reasonably), each such Initial Backstop Party (or its assignee under the Backstop Commitment Letter) shall deliver to the Escrow Agent an amount equal to its Backstop Party Commitments in accordance with the Backstop Commitment Letter, and each such Initial Backstop Party (or its assignee under the Backstop Commitment Letter) shall be deemed to have subscribed for the purchase of such allocation of the Backstopped Shares, subject to the terms and conditions of the Backstop Commitment Letter.

		(h)
	Each Initial Backstop Party that is not a Defaulting Backstop Party thereunder, may assume the Defaulting Backstop Party’s Backstop Party Commitments and obligation to subscribe for such Defaulting Backstop Party’s New Equity Offering Shares available under its New Equity Offering Rights, subject to and in accordance with the terms and conditions of the Backstop Commitment Letter.

		(i)
	All Subscription Amounts and Backstop Party’s Commitments received by the Escrow Agent in accordance with this Section 3.9 shall be held by the Escrow Agent, in escrow, and shall be transferred by the Escrow Agent as directed by the Just Energy Entities in accordance with the Plan upon the Effective Date. In the event that the Plan is terminated, withdrawn or revoked in accordance with the terms hereof, the Support Agreement or the Backstop Commitment Letter, or the Backstop Commitment Letter is terminated in accordance with its terms, the Escrow Agent shall forthwith return all Subscription Amounts and Backstop Party’s Commitments received pursuant to this Section 3.9 to the applicable Beneficial Term Loan Claim Holder and Backstop Party.

		(j)
	On the Effective Date, New Just Energy Parent shall issue the Backstop Commitment Fee Shares to the Initial Backstop Parties and Additional Backstop Parties in accordance with the Backstop Commitment Letter.

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		3.10
	Transferred Claims

Any General Unsecured Creditor may transfer the whole of its Claim prior to the Meeting for General Unsecured Creditors in accordance with the Subordinated Note Documents, the Claims Procedure Order and the Meetings Order, as applicable; provided that, the Just Energy Entities and the Monitor shall not be obligated to recognize the transferee of such Claim as a General Unsecured Creditor in respect thereof, including allowing such transferee to vote at the Meeting for General Unsecured Creditors, unless a Proof of Assignment has been received by the Just Energy Entities and the Monitor prior to 5:00 p.m. on the day that is at least ten (10) Business Days prior to the date of the Meeting and such transfer has been acknowledged in writing by the Just Energy Entities and the Monitor. Thereafter such transferee shall, for all purposes in accordance with the Claims Procedure Order, the Meetings Order, the CCAA and the Plan, constitute a General Unsecured Creditor and shall be bound by any notices given or steps taken in respect of such Claim in accordance with the Meetings Order and any further Order of the Court in the CCAA Proceeding.
If a General Unsecured Creditor transfers the whole of its Claim to more than one Person or part of such Claim to another Person after the Filing Date, such transfer shall not create a separate Voting Claim and such Claim shall continue to constitute and be dealt with for the purposes hereof as a single Voting Claim. Notwithstanding such transfer, the Just Energy Entities and the Monitor shall not be bound to recognize or acknowledge any such transfer and shall be entitled to give notices to and otherwise deal with such Claim only as a whole and only to and with the Person last holding such Claim in whole as the General Unsecured Creditor in respect of such Claim; provided that, such General Unsecured Creditor may, by notice in writing to the Just Energy Entities and the Monitor in accordance with and subject to the Meetings Order and given prior to 5:00 p.m. on the day that is at least ten (10) Business Days prior to the date of the Meeting, direct the subsequent dealings in respect of such Claim, but only as a whole, shall be with a specified Person and in such event, such transferee of the Claim and the whole of such Claim shall be bound by any notices given or steps taken in respect of such Claim in accordance with the Meetings Order and any further Order of the Court in the CCAA Proceeding or the U.S. Court in the Chapter 15 Proceeding.
No Beneficial Term Loan Claim Holder shall be entitled to transfer its Pro Rata Share of the Term Loan Claim on or following the Term Loan Record Date; provided that the Just Energy Entities shall have the authority, with the consent of the Monitor and the Plan Sponsor (such consent not to be unreasonably withheld, conditioned or delayed), to permit a transfer of a Beneficial Term Loan Claim Holder’s Pro Rata Share of the Term Loan Claim following the Term Loan Record Date for distribution purposes under the Plan for the sole purpose of a Beneficial Term Loan Claim Holder transferring the whole of its Pro Rata Share of the Term Loan Claim to a single designee in order for such Beneficial Term Loan Claim Holder to transfer such Pro Rata Share of the Term Loan Claim to a party that can receive the Term Loan Claim Shares in accordance with this Plan and Applicable Laws and so long as such transfer will not result in the Just Energy Entities being unable to satisfy the condition precedent set forth in Section 10.1(l).
		3.11
	Extinguishment of Claims

On the Effective Date, in accordance with the terms and in the steps and sequences set forth in the Restructuring Steps Supplement and in accordance with the provisions of the Sanction Order, the treatment of all Affected Claims and all Released Claims, in each case as set forth in the Plan, shall be final and binding on the Just Energy Entities, all Creditors, any Person having a Released Claim
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and all other Persons named or referred to in or subject to the Plan (and their respective heirs, executors, administrators, legal personal representatives, successors and assigns), and all Affected Claims and all Released Claims shall be fully, finally, irrevocably and forever released, discharged, cancelled and barred except as provided for herein, and the Just Energy Entities and the Released Parties shall thereupon have no further obligation whatsoever in respect of such Affected Claims or the Released Claims, as applicable; provided that, nothing herein releases the Just Energy Entities or any other Person from their obligations to make distributions in the manner and to the extent provided for in the Plan and provided further that, such discharge and release of the Just Energy Entities shall be without prejudice to the right of a Creditor in respect of a Disputed Claim to prove such Disputed Claim in accordance with the Claims Procedure Order so that such Disputed Claim may become an Accepted Claim.
		3.12
	Guarantees and Similar Covenants

No Person who has a Claim under any guarantee, surety, indemnity or similar covenant in respect of any Claim that is compromised and released under the Plan or who has any right to claim over in respect of or to be subrogated to the rights of any Person in respect of a Claim that is compromised under the Plan shall be entitled to any greater rights than the Person whose Claim is compromised under the Plan.
		3.13
	Set-Off

The law of set-off applies to all Claims.
ARTICLE 4
PLAN IMPLEMENTATION FUND
		4.1
	Plan Implementation Fund

On or prior to the Effective Date, the Just Energy Entities shall deliver, or cause to be delivered, to the Monitor from (i) the New Equity Offering Proceeds, and/or (ii) Cash on Hand, to the extent necessary, the following amounts which shall be held by the Monitor in a segregated account of the Monitor and shall constitute the Plan Implementation Fund, and shall be used by the Monitor to pay or satisfy, on behalf of the Just Energy Entities:
		(a)
	the amount of the Administrative Expense Reserve; and

		(b)
	the amount of the General Unsecured Creditor Cash Pool.

		4.2
	Administrative Expense Reserve and Other Fees and Expenses

		(a)
	From and after the Effective Date, the Monitor shall pay from the Administrative Expense Reserve, the reasonable and documented fees and disbursements (plus any applicable Taxes thereon) for any post-Effective Date services incurred by the Monitor, its legal counsel and any other Persons from time to time retained by the Monitor, in connection with administrative and estate matters (collectively, the “Monitor Administration Expenses”). Any unused portion of the Administrative Expense Reserve shall be transferred by the Monitor to New Just Energy Parent.

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		(b)
	The Monitor shall have the sole discretion to determine whether the fees and disbursements of the Monitor, its legal counsel and any other Persons from time to time retained by the Monitor should be classified as Monitor Administration Expenses or fees and disbursements incurred under Section 5.2(b).

ARTICLE 5
DISTRIBUTIONS, PAYMENTS AND TREATMENT OF CLAIMS
		5.1
	Distributions Generally

All distributions to be effected pursuant to the Plan shall be made pursuant to this Article 5 and Article 6 and shall occur in the manner set forth herein and therein. Notwithstanding any other provisions of the Plan, an Affected Creditor holding a Disputed Claim shall not be entitled to receive a distribution under the Plan in respect of any portion thereof unless and until such Disputed Claim becomes an Accepted Claim.
		5.2
	Distributions to the General Unsecured Creditors

		(a)
	General Unsecured Creditors with Accepted Claims shall receive distributions from the General Unsecured Creditor Cash Pool in accordance with Section 3.4(3).

		(b)
	From and after the Effective Date, other than in respect of the Monitor Administration Expenses that are provided for in Section 4.2(a), the Monitor shall pay from the General Unsecured Creditor Cash Pool, the reasonable and documented fees and disbursements (plus any applicable Taxes thereon) incurred by the Just Energy Entities’ legal, financial and other advisors, the Monitor and its legal counsel and any other Persons that may from time to time be retained by the Just Energy Entities or the Monitor, in connection with post-Effective Date matters relating to the Plan and the CCAA Proceeding, including in connection with the implementation of the Plan, the administration of the Plan Implementation Fund, the continued administration of the claims process provided for in the Claims Procedure Order and the resolution of Disputed Claims, and the termination of the CCAA Proceeding and the Chapter 15 Proceeding following the Effective Date.

		(c)
	All cash distributions to be made under the Plan to a General Unsecured Creditor shall be made by the Monitor on behalf of the Just Energy Entities by cheque or by wire transfer and (i) in the case of a cheque, will be sent, via regular mail, to such Creditor to the address specified in the Proof of Claim filed by, or Negative Notice Claims Package delivered to, such Creditor or such other address as the Creditor may from time to time notify the Monitor in writing in accordance with Section 11.14, or (ii) in the case of a wire transfer, shall be sent to an account specified by such Creditor to the Monitor in writing to the satisfaction of the Monitor.

		(d)
	The Monitor may, but shall not be obligated to, make any distribution to the General Unsecured Creditors before (i) all Disputed Claims have been finally resolved for distribution purposes in accordance with the Claims Procedure Order or further Order of the Court in the CCAA Proceeding or the U.S. Court in the Chapter 15 Proceeding; and (ii) all expenses have been incurred and paid pursuant to Section

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5.2(b), and in doing so the Monitor may reserve such amount as it considers appropriate from the General Unsecured Creditor Cash Pool.
		(e)
	Notwithstanding anything else in the Plan, the aggregate of the distributions provided for in Section 3.4(3) and this Section 5.2 shall not exceed the amount of funds in the General Unsecured Creditor Cash Pool.

		5.3
	Distributions of the New Shares

		(a)
	All New Shares issued under the Plan shall be deemed to have been issued as fully paid and non-assessable shares of New Just Energy Parent, free and clear of any Encumbrances, except as provided in New Just Energy Parent’s New Corporate Governance Documents and arising under applicable securities laws.

		(b)
	Delivery by New Just Energy Parent of the New Shares issued and distributed under the Plan will be made by book-entry positions in the equity records of New Just Energy Parent in the name of the applicable recipient (or such other Person as such recipient directs in writing) (subject to subsequent determination in the discretion of New Just Energy Parent as to the form in which the New Shares will be issued as may be required to implement any provision of the Plan).

		(c)
	On the Effective Date, New Just Energy Parent shall issue New Shares in accordance with the steps and sequences set forth in the Restructuring Steps Supplement (or reserve New Shares for issuance, as applicable, in accordance with Section 5.3(e)).

		(d)
	Notwithstanding anything to the contrary in the Plan, no Person (including, for the avoidance of doubt and if applicable, the Depository Trust Company (“DTC”)) may require a legal opinion regarding the validity of any transaction contemplated by the Plan, including for the avoidance of doubt, whether the securities to be issued under the Plan are exempt from registration and/or eligible for DTC book entry delivery, settlement and depository services. Any such Person, (including, for the avoidance of doubt and if applicable, DTC), shall be required to accept and conclusively rely upon the Plan and court order related thereto in lieu of any such legal opinion regarding whether the securities to be issued under the Plan are exempt from registration and/or eligible for DTC book entry delivery, settlement, and depository services.

		(e)
	Notwithstanding Section 5.3(c), no Person shall be entitled to the rights associated with the New Shares and all such New Shares shall be reserved for issuance on the books and records of New Just Energy Parent (but, for the avoidance of doubt, not actually issued) until such time as it has delivered a duly executed and completed New Shareholder Information Form to New Just Energy Parent. In the event that such Person fails to deliver a duly executed and completed New Shareholder Information Form in accordance with this Section 5.3(e) on or before the date that is six (6) months following the Effective Date, New Just Energy Parent shall have no further obligation to issue or deliver, and shall have no further obligation to reserve on its books and records, any New Shares otherwise issuable to such Person

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(such shares, the “Unissued New Shares”) that have not delivered a duly executed and completed New Shareholder Information Form in accordance with this Section 5.3(e) and all such Persons shall cease to have a claim to, or interest of any kind or nature against or in, New Just Energy Parent or the Unissued New Shares.
		(f)
	The stated capital accounts for the Common Shares and the New Shares and any adjustments thereto resulting from the transactions contemplated by the Plan shall be as determined by the applicable New Board, in accordance with the Restructuring Steps Supplement and Applicable Law, as applicable.

		(g)
	The Just Energy Entities intend that the issuance and distribution, pursuant to the Plan, of all the New Shares, shall qualify for exemption from the prospectus and registration requirements of Canadian Securities Laws on the basis of the exemption provided in section 2.11 of NI 45-106. The Just Energy Entities also intend that the issuance and distribution, pursuant to the Plan, of all the New Shares, other than as set forth in the next sentence, shall be exempt from the registration requirements of the U.S. Securities Act in reliance upon Section 1145 to the maximum extent permitted under Applicable Law. Notwithstanding anything to the contrary herein, the New Equity Offering Shares to be offered and sold in the New Equity Offering and any New Shares to be offered and sold to the Backstop Parties pursuant to their Backstop Party’s Commitments and for which the exemption to registration pursuant to Section 1145 is unavailable are being offered and sold exclusively to the Participating Term Loan Claimants and, if applicable, the Backstop Parties, in reliance on the exemption from registration under the U.S. Securities Act set forth in section 4(a)(2) thereof (such New Equity Offering Shares and New Shares, the “4(a)(2) Securities”).

		(h)
	Pursuant to Section 1145, the offering, issuance, and distribution of the 1145 Securities shall be exempt from, among other things, the registration and prospectus delivery requirements of section 5 of the U.S. Securities Act and any other applicable U.S. federal, state, local or other law requiring registration prior to the offering, issuance, distribution, or sale of the 1145 Securities. Each of the 1145 Securities, (a) will not be “restricted securities” as defined in rule 144(a)(3) under the U.S. Securities Act; and (b) will be freely tradable and transferable in the United States by each recipient thereof that (i) is an entity that is not an “underwriter” as defined in section 1145(b)(1) of the U.S. Bankruptcy Rules, (ii) is not an “affiliate” of New Just Energy Parent as defined in Rule 144(a)(1) under the U.S. Securities Act, (iii) has not been such an “affiliate” within ninety (90) days of the time of the transfer, and (iv) has not acquired such securities from such an “affiliate” within one year of the time of transfer. Notwithstanding the foregoing, the 1145 Securities remain subject to compliance with applicable securities laws and any rules and regulations of the U.S. Securities and Exchange Commission, if any, applicable at the time of any future transfer of such 1145 Securities and subject to any restrictions in the New Corporate Governance Documents.

		(i)
	The 4(a)(2) Securities will be issued without registration under the U.S. Securities Act in reliance upon the exemption set forth in section 4(a)(2) of the U.S. Securities Act, Regulation D and/or Regulation S (and similar registration exemptions

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applicable outside of the United States). Any New Shares issued in reliance on section 4(a)(2) of the U.S. Securities Act, including in compliance with Rule 506 of Regulation D, and/or Regulation S will be “restricted securities” subject to resale restrictions and may be resold, exchanged, assigned or otherwise transferred only pursuant to registration, or an applicable exemption from registration under the U.S. Securities Act and other Applicable Law, including state securities laws and subject to any restrictions in the New Corporate Governance Documents.
		5.4
	Distributions, Payments and Settlements of Unaffected Claims

		(a)
	Claims Secured by the CCAA Charges

		(i)
	Administration Charge

In accordance with the steps and sequences set forth in the Restructuring Steps Supplement, on the Effective Date, all outstanding obligations, liabilities, fees, and disbursements secured by the Administration Charge which are evidenced by invoices of the beneficiaries thereof delivered to JEGI as at the Effective Date, shall be fully paid by the Just Energy Entities.
The Monitor Administration Expenses shall continue to be secured by the Administrative Expense Reserve, and the Administration Charge shall be and be deemed to be fully and finally satisfied and discharged from and against any and all assets of the Just Energy Entities and the Plan Implementation Fund.
		(ii)
	FA Charge

In accordance with the steps and sequences set forth in the Restructuring Steps Supplement, on the Effective Date, all outstanding obligations, liabilities, fees, and disbursements secured by the FA Charge, which are evidenced by invoices of the Financial Advisor delivered to JEGI as at the Effective Date, shall be fully paid by the Just Energy Entities. Effective upon the Effective Date, the FA Charge shall be and be deemed to be fully and finally satisfied and discharged from and against any and all assets of the Just Energy Entities and the Plan Implementation Fund.
		(iii)
	Directors’ Charge

On the Effective Date, all Released D&O Claims shall be fully, finally, and irrevocably compromised, released, discharged, cancelled, extinguished, and barred in accordance with Article 8 and the Directors’ Charge shall be and be deemed to be fully and finally satisfied and discharged from and against any and all assets of the Just Energy Entities and the Plan Implementation Fund.
		(iv)
	KERP Charge

On the Effective Date, all amounts owing under the KERP and secured by the KERP Charge as at the Effective Date shall be fully paid by the Just Energy Entities to the beneficiaries thereof. Effective upon the Effective Date, the KERP Charge shall be and be deemed to be fully and finally satisfied and discharged from and
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against any and all assets of the Just Energy Entities and the Plan Implementation Fund.
		(v)
	DIP Lenders’ Charge

In accordance with the steps and sequences set forth in the Restructuring Steps Supplement, on the Effective Date, the Just Energy Entities shall pay to the DIP Agent an amount equal to the DIP Lenders’ Claim in full in cash in the currency that such DIP Lenders’ Claim was originally denominated in full and final satisfaction of the DIP Lenders’ Claim. Upon the Effective Date, the DIP Lenders’ Charge shall be and be deemed to be fully and finally satisfied and discharged from and against any and all assets of the Just Energy Entities and the Plan Implementation Fund.
		(vi)
	Priority Commodity/ISO Charge

In accordance with the steps and sequences set forth in the Restructuring Steps Supplement, on the Effective Date, the Priority Commodity/ISO Charge shall be and be deemed to be fully and finally satisfied and discharged from and against any and all assets of the Just Energy Entities and the Plan Implementation Fund.
		(vii)
	Cash Management Charge

In accordance with the steps and sequences set forth in the Restructuring Steps Supplement, on the Effective Date, the Cash Management Charge shall be and be deemed to be fully and finally satisfied and discharged from and against any and all assets of the Just Energy Entities and the Plan Implementation Fund.
		(viii)
	Termination Fee Charge

In accordance with the steps and sequences set forth in the Restructuring Steps Supplement, on the Effective Date, the Termination Fee Charge shall be and be deemed to be fully and finally satisfied and discharged from and against any and all assets of the Just Energy Entities and the Plan Implementation Fund.
		(b)
	Commodity Supplier Claims

In accordance with the steps and sequences set forth in the Restructuring Steps Supplement, on the Effective Date, the Just Energy Entities shall pay to each Commodity Supplier an amount equal to such Commodity Supplier’s Commodity Supplier Claim in full in cash in the currency that such Commodity Supplier Claim was originally denominated in full and final satisfaction of such Commodity Supplier Claim.
		(c)
	Government Priority Claims

On or as soon as reasonably practicable following the Effective Date, the applicable Just Energy Entities shall pay or cause to be paid in full all Government Priority Claims, if any, outstanding as
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at the Filing Date or related to the period ending on the Filing Date, to the applicable Governmental Entity.
		(d)
	Employee Priority Claims

On the Effective Date, applicable Just Energy Entities shall pay or cause to be paid in full all Employee Priority Claims due and accrued to the Effective Date, to each holder of an Employee Priority Claim to the full amount of his, her, or their respective Employee Priority Claim.
​
		(e)
	Post-Filing Claims and Energy Regulator Claims in the Ordinary Course

All Post-Filing Claims and all Energy Regulator Claims outstanding as of the Effective Date, if any, shall be paid by the applicable Just Energy Entity in the ordinary course consistent with past practice, and, for greater certainty, any cash collateral of any of the Just Energy Entities held by any such Person to the Just Energy Entities shall be unaffected by the Plan and shall continue to be held in accordance with existing terms.
		(f)
	Intercompany Claims

On or prior to the Effective Date, Intercompany Claims shall be paid in cash or property, set-off, cancelled, maintained, re-instated, contributed or distributed, or otherwise addressed, in each case, as set forth on the books and records of, and/or in documents executed by, the applicable Just Energy Entity (provided that any such documents executed after the date of the Support Agreement shall be in form and substance satisfactory to the Plan Sponsor, acting reasonably) and in accordance with the terms and in the steps and sequences set forth in the Restructuring Steps Supplement, all of which, in the manner agreed by the Just Energy Entities and the Plan Sponsor, each acting reasonably.
		5.5
	Distributions in respect of Transferred Claims

The Just Energy Entities and the Monitor shall not be obligated to deliver any distributions under the Plan to any transferee of the whole of an Affected Claim unless a Proof of Assignment has been delivered to the Monitor no later than the Initial Distribution Record Date or, in the case of a Beneficial Term Loan Claim Holder, the Term Loan Record Date.
		5.6
	Treatment of Undeliverable Distributions

If any Creditor entitled to a distribution pursuant to the Plan cannot be located by the Monitor on the applicable Distribution Date, or if any Creditor’s distribution under the Plan is returned as undeliverable (an “Undeliverable Distribution”), no further distributions to such Creditor shall be made unless and until the Monitor is notified by such Creditor of such Creditor’s current address, at which time all such distributions shall be made to such Creditor. If such Creditor cannot be located by the Monitor or if any delivery or distribution to be made pursuant to the Plan is returned as undeliverable, or in the case of any distribution made by cheque, the cheque remains uncashed, for a period of more than six (6) months after the applicable Distribution Date or the date of delivery or mailing of the cheque, whichever is later, the Claim of any Creditor with respect to such undelivered or unclaimed distribution shall be discharged and forever barred, notwithstanding any Applicable Law to the contrary, and any such cash allocable to the
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undeliverable or unclaimed distribution shall be released and returned by the Monitor to New Just Energy Parent or its designee, free and clear of any claims of such Creditor or any other Creditors and their respective successors and assigns. Nothing contained in the Plan shall require the Just Energy Entities, New Just Energy Parent or the Monitor to attempt to locate any holder of any Undeliverable Distributions.
		5.7
	Currency

Unless specifically provided for in the Plan or the Sanction Order, any payment or distribution provided for in the Plan in respect of any Affected Claim shall be made in the currency denominated in the Proof of Claim or Negative Notice Claims Package, as applicable, relating to such Affected Claim, and if no currency has been denominated in such Proof of Claim or Negative Notice Claims Package, then such Affected Claim shall be deemed to be denominated in Canadian dollars.
		5.8
	Allocation of Payments and Distributions

All payments and distributions made pursuant to the Plan shall be allocated first towards the repayment of the principal amount in respect of the applicable Claim and second, if any, towards the repayment of all accrued but unpaid interest in respect of the applicable Claim.
		5.9
	Interest

Interest shall not accrue or be paid on any Affected Claim of any of the General Unsecured Creditors or Beneficial Term Loan Claim Holders on or after the Filing Date, and no holder of any such Claim shall be entitled to interest accruing on or after the Filing Date.
		5.10
	Tax Matters

All distributions hereunder shall be subject to any withholding and reporting requirements imposed by any Applicable Law or any Taxing Authority and the Just Energy Entities or the applicable agent shall, and shall direct the Monitor, on behalf of the Just Energy Entities or the applicable agent, to, deduct, withhold and remit from any distributions hereunder payable to a Creditor or to any Person on behalf of any Creditor, such amounts, if any, as the Just Energy Entities or the applicable agent determines that it or the Monitor, on behalf of the Just Energy Entities or the applicable agent, is required to deduct and withhold with respect to such payment under the ITA or under Applicable Law. To the extent that amounts are so deducted and withheld, such withheld amounts shall be treated for all purposes as having been paid to the Person in respect of which such deduction and withholding was made, provided that such withheld amounts are actually remitted to the appropriate Taxing Authority.
		5.11
	Priority Claims

Any terms or conditions of any Affected Claim of any of the General Unsecured Creditors or Beneficial Term Loan Claim Holders which purport to deal with the ordering of or grant of priority of payments of principal, interest, penalties, or other amounts shall be deemed to be void and ineffective.
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		5.12
	Fractional Interests

No fractional interests of New Shares (“Fractional Interests”) will be issued or allocated under the Plan. Any legal, equitable, contractual and any other rights or claims (whether actual or contingent, and whether or not previously asserted) of any Person with respect to any Fractional Interests shall be rounded down to the nearest whole number without compensation therefor.
		5.13
	Calculations

All amounts of consideration to be received hereunder will be calculated to the nearest cent ($0.01). All calculations and determinations made by the Monitor and/or the Just Energy Entities and agreed to by the Monitor for the purposes of and in accordance with the Plan, including, without limitation, the allocation of consideration, shall be conclusive, final and binding.
		5.14
	Cancellation

On the Effective Date, in accordance with the terms and in the steps and sequences set forth in the Restructuring Steps Supplement, and except as otherwise expressly provided for herein, all debentures, indentures, notes, certificates, agreements, invoices, guarantees, pledges and other instruments evidencing Affected Claims (excluding the Credit Facility Claims) and Existing Equity shall (a) not entitle any holder thereof to any compensation or participation other than as expressly provided for in the Plan; and (b) be cancelled and will be null and void (other than, for certainty, the Common Shares transferred and the Common Shares issued to New Just Energy Parent on the Effective Date in accordance with the steps and sequences set forth in the Restructuring Steps Supplement, the Intercompany Interests and the New Shares).
		5.15
	Modifications to Distribution Mechanics

The Just Energy Entities and the Monitor, as applicable, in each case with the consent of the Plan Sponsor, acting reasonably, and in the case of payment or distributions on account of the Credit Facility Claims, with the consent of the Credit Facility Agent, acting reasonably, shall be entitled to make such additions and modifications to the process for making distributions pursuant to the Plan as may be deemed necessary or desirable in order to achieve the proper distribution and allocation of consideration to be distributed pursuant to the Plan, and any such additions or modifications shall not require an amendment to the Plan or any further Order of the Court in the CCAA Proceeding or the U.S. Court in the Chapter 15 Proceeding.
ARTICLE 6
RESTRUCTURING TRANSACTION
		6.1
	Corporate Actions

The adoption, execution, delivery, implementation and consummation of all matters contemplated under the Plan involving any corporate actions of the Just Energy Entities will occur and be effective as of the Effective Date, and shall be deemed to be authorized and approved under the Plan and by the Court, where applicable, as part of the Sanction Order, in all respects and for all purposes without any requirement of further action by shareholders, partners, Directors or Officers of the Just Energy Entities. All necessary approvals to take actions shall be deemed to have been
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obtained from the Directors, Officers, shareholders or partners of the Just Energy Entities, as applicable, including the deemed passing by any class of shareholders of any resolution or special resolution and any shareholders’ agreement or agreement between a shareholder and another Person limiting in any way the right to vote shares held by such shareholder or shareholders with respect to any of the steps contemplated by the Plan shall be deemed to have no force or effect.
		6.2
	Effective Date Transactions

The steps and compromises and releases to be effected in the implementation of the Plan shall occur, and be deemed to have occurred in the order and manner to be set out in a supplement to the Plan in accordance with Section 11.7 (the “Restructuring Steps Supplement”), without any further act or formality. The Restructuring Steps Supplement shall be in form and substance acceptable to the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor, each acting reasonably, provided that in no event will the Restructuring Steps Supplement be materially prejudicial to the interests of any Creditors under the other sections of this Plan.
		6.3
	Issuances Free and Clear

Any issuance of any securities or other consideration pursuant to the Plan will be free and clear of any Encumbrances, except as otherwise provided herein.
ARTICLE 7
REGULATORY MATTERS
		7.1
	Competition Act and Investment Canada Act Approval

New Just Energy Parent and the Plan Sponsor, each acting reasonably, shall work together in good faith to determine, on a date that is not later than ten (10) Business Days following the date of the Backstop Commitment Letter (the “Determination Date”), whether it is necessary or advisable that a filing be made to obtain Competition Act Approval and/or Investment Canada Act Approval in connection with the transactions contemplated by the Plan. In the event that New Just Energy Parent and the Plan Sponsor jointly determine that Competition Act Approval and/or Investment Canada Act Approval is required or should be obtained, as applicable:
		(a)
	New Just Energy Parent and the Plan Sponsor shall, as soon as reasonably practicable, and in no event more than ten (10) Business Days after the Determination Date, submit a request to the Commissioner for an Advance Ruling Certificate or, in the alternative, a No Action Letter in respect of the transactions contemplated by the Plan;

		(b)
	New Just Energy Parent and the Plan Sponsor shall submit, at their joint election and within ten (10) Business Days of such mutually agreed election, notification filings in accordance with Part IX of the Competition Act in respect of the transactions contemplated by the Plan; and

		(c)
	the Plan Sponsor shall, as soon as reasonably practicable and in no event more than ten (10) Business Days after the Determination Date, submit the notification for the Investment Canada Act Approval.

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		7.2
	Antitrust Approvals

On a date that is on or prior to the Determination Date, New Just Energy Parent and the Plan Sponsor, each acting reasonably, shall also work together in good faith to determine whether any Antitrust Approvals are required or advisable and if so, shall proceed to make any such filings on an expeditious basis. New Just Energy Parent shall be responsible for the payment of any filing fees required to be paid in connection with any filing made in respect of the Competition Act Approval and the Antitrust Approvals, as applicable.
		7.3
	Regulatory Approvals

New Just Energy Parent and the Plan Sponsor shall, from and after the date hereof, work together to determine whether any Regulatory Approvals would be required to be obtained in order to permit JEGI, New Just Energy Parent and Plan Sponsor to perform their obligations hereunder and the issuing, acquisition and holding of the New Common Shares. In the event any such determination is made, New Just Energy Parent and the Plan Sponsor shall use commercially reasonable efforts to apply for and obtain any such Regulatory Approvals in accordance with Section 7.4 as soon as reasonably practicable, except for such Regulatory Approvals that need not be obtained or in full force and effect prior to the implementation of the Plan, which shall be applied for as soon as reasonably practicable after the implementation of the Plan, in each case at the sole cost and expense of New Just Energy Parent.
		7.4
	Transaction Regulatory Approvals

New Just Energy Parent and the Plan Sponsor shall use commercially reasonable efforts to apply for and obtain the Transaction Regulatory Approvals and shall co-operate with one another in connection with obtaining such approvals. Without limiting the generality of the foregoing, New Just Energy Parent and the Plan Sponsor shall: (a) give each other reasonable advance notice of all meetings or other oral communications with any Governmental Entity relating to the Transaction Regulatory Approvals, as applicable, and provide as soon as practicable but in any case, if any, within the required time, any additional submissions, information and/or documents requested by any Governmental Entity necessary, proper or advisable to obtain the Transaction Regulatory Approvals; (b) not participate independently in any such meeting or other oral communication regarding the Transaction Regulatory Approvals without first giving the other party (or the other party’s outside counsel) an opportunity to attend and participate in such meeting or other oral communication, unless otherwise required or requested by such Governmental Entity; (c) if any Governmental Entity initiates an oral communication regarding the Transaction Regulatory Approvals as applicable, promptly notify the other party of the substance of such communication; (d) subject to Applicable Laws relating to the exchange of information, provide each other with a reasonable advance opportunity to review and comment upon and consider in good faith the views of the other in connection with all written communications (including any filings, notifications, submissions, analyses, presentations, memoranda, briefs, arguments, opinions and proposals made or submitted by or on behalf of any Just Energy Entity or Plan Sponsor) with a Governmental Entity regarding the Transaction Regulatory Approvals as applicable; and (e) promptly provide each other with copies of all written communications to or from any Governmental Entity relating to the Transaction Regulatory Approvals as applicable.
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		7.5
	Competitively Sensitive Information

Each of New Just Energy Parent and the Plan Sponsor may, as advisable and necessary (acting reasonably), designate any competitively sensitive material provided to the other under this Article 7 as “Outside Counsel Only Material”; provided that, the disclosing party also provides a redacted version to the receiving party. Such materials and the information contained therein shall be given only to the outside legal counsel of the recipient and, subject to any additional agreements between New Just Energy Parent and Plan Sponsor, will not be disclosed by such outside legal counsel to employees, officers or directors of the recipient unless express written permission is obtained in advance from the source of the materials or its legal counsel.
		7.6
	No Divestitures or Material Operating Restrictions

The obligation of New Just Energy Parent and the Plan Sponsor to use its commercially reasonable efforts to obtain the Transaction Regulatory Approvals does not require New Just Energy Parent or the Plan Sponsor (or any Affiliate thereof) to undertake any divestiture of any business or business segment of New Just Energy Parent or the Plan Sponsor (or any Affiliate thereof), to agree to any material operating restrictions related thereto or to incur any material expenditure(s) related therewith, unless agreed to by the Plan Sponsor and New Just Energy Parent. In connection with obtaining the Transaction Regulatory Approvals, no Just Energy Entity shall agree to any of the foregoing items without the prior written consent of the Plan Sponsor.
ARTICLE 8
RELEASES
		8.1
	Third-Party Releases

On the Effective Date, in accordance with the steps and sequences set forth in the Restructuring Steps Supplement, (a) the Just Energy Entities and their respective current and former employees, contractors, advisors, legal counsel and agents; (b) the Directors and Officers; (c) the Monitor, the Supporting Parties, the Backstop Parties, the DIP Agent, the DIP Lenders, the Plan Sponsor, the Credit Facility Agent, the Term Loan Agent and the Subordinated Note Trustee, and each of their respective present and former affiliates, subsidiaries, directors, officers, members, partners, employees, auditors, advisors, legal counsel and agents (collectively, (a), (b) and (c), in their capacities as such, the “Released Parties” and individually a “Released Party”) shall be released by the Releasing Parties and discharged from any and all demands, claims, actions, Causes of Action, counterclaims, suits, debts, sums of money, accounts, covenants, damages, judgments, orders, including for injunctive relief or specific performance and compliance orders, expenses, executions, Encumbrances and other recoveries on account of any liability, obligation, demand or cause of action of whatever nature, including claims for contribution or indemnity, which any Creditor or other Person may be entitled to assert, whether known or unknown, matured or unmatured, direct, indirect or derivative, foreseen or unforeseen, existing or hereafter arising, based in whole or in part on any act, omission, transaction, duty, responsibility, indebtedness, liability, obligation, dealing or other occurrence existing or taking place on or prior to the Effective Date, or that relates to matters relating to implementation of the Plan, including distributions pursuant to the Plan following the Effective Date, that constitute or are in any way relating to, arising out of or in connection with (i) any Claims (including Equity Claims), any D&O Claims or any D&O Indemnity Claims with respect thereto, (ii) any payments, distributions or share
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issuances under the Plan, (iii) the business and affairs of the Just Energy Entities whenever or however conducted, (iv) the business and assets of the Just Energy Entities, (v) the administration and/or management of the Just Energy Entities, (vi) the Affected Claims, the Support Agreement, the Backstop Commitment Letter, the Definitive Documents, the Plan, the Existing Equity, the CCAA Proceeding or the Chapter 15 Proceeding, or any document, instrument, matter or transaction involving the Just Energy Entities arising in connection with or pursuant to any of the foregoing, (vii) any contract that has been restructured, terminated, repudiated, disclaimed, or resiliated in accordance with the CCAA, (viii) the liabilities of the Directors and Officers and any alleged fiduciary or other duty, including any and all Claims that may be made against the Directors or Officers where by law such Directors or Officers may be liable in their capacity as Directors or Officers, or (ix) any Claim that has been barred or extinguished by the Claims Procedure Order (subject to the excluded matters in the proviso below, referred to collectively as the “Released Claims” and individually a “Released Claim”), and all Released Claims shall be deemed to be fully, finally, irrevocably and forever waived, discharged, released, cancelled and barred as against the Released Parties, all to the fullest extent permitted by Applicable Law; provided that, nothing therein will waive, discharge, release, cancel or bar (w) any obligations of any of the Released Parties under or in connection with the Plan, the Support Agreement, the Backstop Commitment Letter, the Definitive Documents, the New Credit Facility Documents, the New Intercreditor Agreement, the New Shares, the MIP or the New Corporate Governance Documents, (x) the Just Energy Entities from or in respect of any Unaffected Claim that has not been paid in full under the Plan, (y) subject to Section 8.4, any claim that is not permitted to be released pursuant to section 19(2) of the CCAA, or (z) any Director from any claim that is not permitted to be released pursuant to section 5.1(2) of the CCAA.
		8.2
	Debtor Releases

On the Effective Date, in accordance with the steps and sequences set forth in the Restructuring Steps Supplement, the Released Parties shall be released by each of the Just Energy Entities and their respective current and former affiliates, and discharged from, any and all Released Claims held by the Just Energy Entities as of the Effective Date, and all Released Claims shall be deemed to be fully, finally, irrevocably, and forever waived, discharged, released, cancelled, and barred as against the Released Parties, all to the fullest extent permitted by Applicable Law; provided that, nothing therein will waive, discharge, release, cancel or bar (a) any obligations of any of the Released Parties under or in connection with the Plan, the Support Agreement, the Backstop Commitment Letter, the Definitive Documents, the New Credit Facility Documents, the New Intercreditor Agreement, the New Shares, the MIP or the New Corporate Governance Documents; (b) the Just Energy Entities from or in respect of any Unaffected Claim that has not been paid in full under the Plan; (c) subject to Section 8.7, any claim that is not permitted to be released pursuant to section 19(2) of the CCAA; or (d) any Director from any claim that is not permitted to be released pursuant to section 5.1(2) of the CCAA.
Notwithstanding anything to the contrary in the Plan and the Definitive Documents (and any exhibits thereto), or in the Sanction Order or the Sanction Recognition Order, the releases set forth in this Section 8.2 shall not include, nor limit or modify in any way, any Claim (or any defenses) which any of the Just Energy Entities may hold or be entitled to assert against any Released Party as of the Effective Date relating to any contracts, leases, agreements, licenses, bank accounts or banking relationships, accounts receivable, invoices, or other ordinary course obligations which are remaining in effect following the Effective Date.
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		8.3
	Limitation on Insured Claims

Notwithstanding anything to the contrary in this Article 8, Insured Claims shall not be compromised, released, discharged, cancelled or barred by the Plan; provided that, from and after the Effective Date, any Person having an Insured Claim shall be irrevocably limited to recovery in respect of such Insured Claim solely from the proceeds of the applicable Insurance Policies, and Persons with an Insured Claim shall have no right to, and shall not, directly or indirectly, make any claim or seek any recoveries in respect thereof from the Just Energy Entities, any Director or Officer or any other Released Party, other than enforcing such Person’s rights to be paid by the applicable insurer(s) from the proceeds of the applicable Insurance Policies.
		8.4
	Injunctions

All Persons are permanently and forever barred, estopped, stayed and enjoined, on and after the Effective Time, with respect to any and all claim or Cause of Action released under this Plan (including, but not limited to the Released Claims), from (a) commencing, conducting or continuing in any manner, directly or indirectly, any action, suits, demands or other proceedings of any nature or kind whatsoever (including, without limitation, any proceeding in a judicial, arbitral, administrative or other forum) against any of the Released Parties or Exculpated Parties; (b) enforcing, levying, attaching, collecting or otherwise recovering or enforcing by any manner or means, directly or indirectly, any judgment, award, decree or order against any of the Released Parties, Exculpated Parties, or their respective property; (c) commencing, conducting, continuing or making in any manner, directly or indirectly, any action, suit, claim, demand or other proceeding of any nature or kind whatsoever (including any proceeding in a judicial, arbitral, administrative or other forum) against any Person who makes a claim or might reasonably be expected to make a claim, in any manner or forum, including by way of contribution or indemnity or other relief, against one or more of the Released Parties or the Exculpated Parties; (d) creating, perfecting, asserting or otherwise enforcing, directly or indirectly, any Encumbrance of any kind against the Released Parties, Exculpated Parties, or their respective property; or (e) taking any actions to interfere with the implementation or consummation of the Plan; and any such proceedings will be deemed to have no further effect against the Just Energy Entities or any of their assets and will be released, discharged or vacated without cost to the Just Energy Entities.
		8.5
	Exculpation

Effective as of the Effective Date, to the fullest extent permissible under Applicable Law and without affecting or limiting Section 8.1, and except as otherwise specifically provided in the Plan, no Exculpated Party shall have or incur, and each Exculpated Party is released and exculpated from any Cause of Action against such Exculpated Party for any act or omission in connection with, relating to, or arising out of the CCAA Proceeding, the Chapter 15 Proceeding, the formulation, preparation, dissemination, negotiation, filing, or consummation of the Support Agreement, the Backstop Commitment Letter, the Plan, any Definitive Documents, or the recognition thereof in the United States, or any restructuring transaction, contract, instrument, release, or other agreement or document created or entered into in connection with the Plan, the filing of the CCAA Proceeding or the Chapter 15 Proceeding, the pursuit of approval and/or of consummation of the Plan, the administration and implementation of the Plan, including the issuance of securities pursuant to the Plan, or the distribution of property under the Plan or any other related agreement (including, for the avoidance of doubt, providing any legal opinion
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requested by any Person or entity regarding any transaction, contract, instrument, document, or other agreement contemplated by the Plan or the reliance by any Exculpated Party on any Orders of the Court or the U.S. Court or in lieu of such legal opinion), except for Causes of Action related to any act or omission that is determined in a Final Order of a court of competent jurisdiction to have constituted actual fraud, willful misconduct, or gross negligence, but in all respects such Exculpated Parties shall be entitled to reasonably rely upon the advice of counsel with respect to their duties and responsibilities pursuant to the Plan.
The Exculpated Parties have, and upon entry of an order approving the Plan, shall be deemed to have, participated in good faith and in compliance with the Applicable Laws with regard to the solicitation of votes and distribution of consideration pursuant to the Plan and, therefore, are not, and on account of such distributions shall not be, liable at any time for the violation of any Applicable Law, rule, or regulation governing the solicitation of acceptances or rejections of the Plan or such distributions made pursuant to the Plan or for any actions taken in the Chapter 15 Proceeding seeking and obtaining recognition thereof.
		8.6
	Consenting Parties

In addition to and without limiting in any way the terms of this Article 8, on the Effective Date, each Consenting Party shall be deemed to have consented and agreed to this Article 8, including the releases, injunctions and exculpation referred to herein.
		8.7
	Compromise of Claims under Section 19(2) of the CCAA

On the Effective Date, the following Claims shall be compromised under the Plan, including pursuant to the terms of this Article 8, and shall be deemed to be a Released Claim pursuant to this Article 8:
		(a)
	any fine, penalty, restitution order, or other order similar in nature to a fine, penalty, or restitution order, imposed by a court in respect of an offence;

		(b)
	any award of damages by a court in civil proceedings in respect of (i) bodily harm intentionally inflicted, or sexual assault, or (ii) wrongful death resulting from an act referred to in subparagraph (i);

		(c)
	any debt or liability arising out of fraud, embezzlement, misappropriation, or defalcation while acting in a fiduciary capacity or, in Quebec, as a trustee or an administrator of the property of others;

		(d)
	any debt or liability resulting from obtaining property or services by false pretences or fraudulent misrepresentation, other than a debt or liability of the Just Energy Entities that arises from an Equity Claim; or

		(e)
	any debt for interest owed in relation to an amount referred to in any of paragraphs (a) to (d),

provided that, this Section 8.7 shall only apply to a Person who voted (in person or by proxy) in favour of the Plan.
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ARTICLE 9
COURT SANCTION
		9.1
	Application for Sanction Order

If the Required Majorities approve the Plan, the Applicants shall apply for the Sanction Order in accordance with the terms of the Support Agreement.
		9.2
	Sanction Order

The Just Energy Entities shall seek a Sanction Order that, among other things:
		(a)
	declares that (i) the Plan has been approved by the Required Majorities in conformity with the CCAA, (ii) the Just Energy Entities have acted in good faith and been in compliance with the provisions of the CCAA and the Orders of the Court made in this CCAA Proceeding in all respects, (iii) the Court is satisfied that the Just Energy Entities have not done or purported to do anything that is not authorized by the CCAA, and (iv) the Plan and the transactions contemplated by the Plan are fair and reasonable;

		(b)
	declares that as of the Effective Time, the Plan and all associated steps, compromises, transactions, arrangements, releases and reorganizations effected thereby are approved pursuant to section 6 of the CCAA, binding and effective as herein set out upon and with respect to the Just Energy Entities, all Creditors and all other Persons named or referred to in or subject to the Plan;

		(c)
	declares that the steps to be taken and the compromises and releases to be effective on the Effective Date are deemed to occur and be effected in the steps and sequential order set forth in the Restructuring Steps Supplement, beginning at the Effective Time;

		(d)
	declares that the releases effected by the Plan are approved and declared to be binding and effective as of the Effective Date upon the Just Energy Entities, all Creditors, all Persons with Released Claims and all other Persons named or referred to in or subject to the Plan, and shall enure to the benefit of all such Persons;

		(e)
	declares that, subject to performance by the Just Energy Entities of their obligations under the Plan and except as provided in the Plan or the Sanction Order, all obligations, agreements or leases to which any of the Just Energy Entities are a party on the Effective Date, including all Continuing Contracts, shall be and remain in full force and effect, unamended, as at the Effective Date, except as they may have been amended by the parties thereto subsequent to the Filing Date, and no party to any such obligation or agreement shall on or following the Effective Date, accelerate, terminate, refuse to renew, rescind, refuse to perform or otherwise disclaim or resiliate its obligations thereunder, or enforce or exercise (or purport to enforce or exercise) any right (including any right of set-off, option, dilution or other remedy) or remedy under or in respect of any such obligation or agreement, by reason: (i) of any event which occurred prior to, and not continuing after, the

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Effective Date, or which is or continues to be suspended or waived under the Plan, which would have entitled such party to enforce those rights or remedies, (ii) that the Just Energy Entities have sought or obtained relief or have taken steps as part of the Plan or under the CCAA or Chapter 15, or that the Plan has been implemented by the Just Energy Entities, (iii) of any default or event of default arising as a result of the financial condition or insolvency of the Just Energy Entities, (iv) of any change of control of the Just Energy Entities arising from implementation of the Plan, (v) of the effect upon the Just Energy Entities of the completion of any of the transactions contemplated by the Plan, or (vi) of any compromises, settlements, restructurings, recapitalizations or reorganizations effected pursuant to the Plan; and declares that no Person shall discontinue, fail to honour, alter, interfere with, repudiate, terminate or cease to perform any non-competition agreement or obligation, provided that such agreement shall terminate or expire in accordance with the terms thereof or as otherwise agreed by the Just Energy Entities and the applicable Persons;
		(f)
	authorizes the establishment of the Plan Implementation Fund with the Monitor and authorizes the Monitor to perform its functions and fulfil its obligations under the Plan and to facilitate the implementation of the Plan on and after the Effective Date, including matters relating to the resolution of Disputed Claims, distributions and payments from the Plan Implementation Fund and the termination of the CCAA Proceeding and the Chapter 15 Proceeding;

		(g)
	subject to the payment of the amounts secured thereby, declares, except for the Administration Charge which shall continue against the Administrative Expense Reserve, all CCAA Charges, shall be terminated, released and discharged effective on the Effective Date;

		(h)
	provides the basis for an exemption from the registration requirements of the U.S. Securities Act in respect of the distribution of the New Shares pursuant to Section 1145 and section 4(a)(2) of the U.S. Securities Act, in each case, as described in Section 5.3(g) to 5.3(i);

		(i)
	declares all Accepted Claims and Disallowed Claims determined in accordance with the Claims Procedure Order are final and binding on the Just Energy Entities and all Creditors and that all Encumbrances of Affected Creditors (other than Encumbrances in respect of Unaffected Claims, the New Credit Facility and the New Intercreditor Agreement), including all security registrations in respect thereof, are discharged and extinguished, and the Just Energy Entities or their counsel shall be authorized and permitted to file discharges and full terminations of all related filings (whether pursuant to personal property security legislation or otherwise) against the Just Energy Entities in any jurisdiction without any further action or consent required whatsoever;

		(j)
	declares any Claims that have been preserved in accordance with the Claims Procedure Order against Directors that cannot be compromised due to the provisions of section 5.1(2) of the CCAA will be limited in recovery to the proceeds of any Insurance Policy;

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		(k)
	declares that, from and after the Effective Date, any Person may only commence an action for a D&O Claim against a Director or Officer if such Person has first obtained (i) the consent of the Monitor, or (ii) the leave of the Court on notice to the applicable Director or Officer, the Just Energy Entities, the Monitor and any applicable insurer(s);

		(l)
	declares the New Credit Facility, the New Credit Facility Documents, the New Intercreditor Agreement, the MIP, and the New Corporate Governance Documents are approved and the applicable Just Energy Entities and New Just Energy Parent shall be authorized and directed to carry out their obligations thereunder; and

		(m)
	declares that each Just Energy Entity shall indemnify any Director, Officer or other Person employed or previously employed by a Just Energy Entity for any amount for which such Person is held personally liable as a result of nonpayment of any Taxes (including, without limitation, sale, use, withholding, unemployment and excise Tax) by a Just Energy Entity, along with any expenses or fees incurred in connection with defending any matter for which any of the foregoing Persons could be entitled to indemnification, notwithstanding any provision of the Plan; provided that:

		(i)
	the terms of indemnification shall be consistent with the indemnification obligations of the Just Energy Entities for Directors and Officers immediately prior to the Filing Date; provided that: (A) Persons employed or previously employed by a Just Energy Entity shall be afforded the benefit of such indemnification obligations notwithstanding that they may not be Directors or Officers; (B) the indemnification obligations shall be indefinite; and (C) all Just Energy Entities shall be subject to the indemnification obligations herein;

		(ii)
	the foregoing indemnification obligations shall not apply in circumstances of fraud, gross negligence or wilful misconduct; and

		(iii)
	notwithstanding subparagraphs (i) and (ii) above, where gross negligence or wilful misconduct are requirements for a beneficiary of these indemnification obligations to be held personally liable as a result of nonpayment of any Taxes by a Just Energy Entity, the Just Energy Entities shall indemnify the applicable Director, Officer or other Person notwithstanding any gross negligence or wilful misconduct, and in such cases there shall be no requirement that the Director, Officer or other Person had reasonable grounds for believing their conduct was lawful.

ARTICLE 10
CONDITIONS PRECEDENT AND IMPLEMENTATION
		10.1
	Conditions Precedent to Implementation of the Plan

The implementation of the Plan shall be conditional upon satisfaction or waiver, where applicable, of the following conditions prior to or at the Effective Date, each of which is for the mutual benefit
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of the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor, and subject to the Support Agreement may be waived by the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor, each acting reasonably (except, in the case of Sections 10.1(a) and (c)(i) below, which may not be waived):
		(a)
	the Plan shall have been approved by the Required Majorities in conformity with the CCAA;

		(b)
	the Restructuring Steps Supplement and the treatment of the Intercompany Claims pursuant to the Plan shall have been agreed to by the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor, each acting reasonably;

		(c)
	(i) the Sanction Order shall have been issued by the Court, (ii) the Sanction Recognition Order shall have been entered by the U.S. Court, and (iii) each of the Sanction Order and the Sanction Recognition Order shall have become a Final Order;

		(d)
	(i) the Authorization Order shall have been issued by the Court, (ii) the Authorization Recognition Order shall have been entered by the U.S. Court, and (iii) each of the Authorization Order and the Authorization Recognition Order shall have become a Final Order;

		(e)
	(i) the Meetings Order shall have been issued by the Court, (ii) the Meetings Recognition Order shall have been entered by the U.S. Court, (iii) the Claims Procedure Recognition Order shall have been entered by the U.S. Court, and (iv) each of the Meetings Order, the Meetings Recognition Order and the Claims Procedure Recognition Order shall have become a Final Order;

		(f)
	the commitments of each of the parties to the Support Agreement (as set out therein) shall have been satisfied in all material respects or waived in accordance with the terms of the Support Agreement;

		(g)
	the conditions to the Backstop Parties’ commitments under the Backstop Commitment Letter (as set out therein) shall have been satisfied or waived in accordance with its terms;

		(h)
	the Just Energy Entities have provided for the payment or satisfaction in full of the DIP Lenders’ Claim, the Commodity Supplier Claims, the Government Priority Claims, the Employee Priority Claims and the amounts secured by the Administration Charge, the FA Charge, the Directors’ Charge and the KERP Charge;

		(i)
	the Monitor shall have received from the Just Energy Entities the funds necessary to establish and shall have established the Plan Implementation Fund;

		(j)
	no proceeding shall have been commenced that could reasonably be expected to result in an injunction or other order to, and no injunction or other order shall have been issued to, enjoin, restrict or prohibit any of the transactions contemplated by the Plan, the Support Agreement or the Backstop Commitment Letter;

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		(k)
	each of the New Credit Facility Documents and the New Intercreditor Agreement, shall be in form and substance consistent with the term sheets for the New Credit Facility and New Intercreditor Agreement appended to the Restructuring Term Sheet and containing such other terms as agreed by the Just Energy Entities, the Plan Sponsor and the parties thereto, each acting reasonably, and shall have become effective in accordance with its terms, subject only to the implementation of the Plan;

		(l)
	JEGI shall satisfy any and all conditions or requirements necessary to cease to be a reporting issuer (or the equivalent) under the U.S. Exchange Act (or any other U.S. securities laws) and JEGI shall cease to be a reporting issuer and no Just Energy Entity shall be deemed to have become a reporting issuer under applicable Canadian Securities Laws and the Common Shares shall have been delisted from the TSX Venture Exchange, in each case, as and from the Effective Time;

		(m)
	the New Boards shall have been appointed in accordance with the terms of the Support Agreement and the New Corporate Governance Documents, and the MIP and the New Corporate Governance Documents shall be in form and substance acceptable to the Just Energy Entities and the Plan Sponsor, each acting reasonably, and shall have become effective, subject only to the implementation of the Plan;

		(n)
	the aggregate amount of the New Equity Offering Proceeds and Cash on Hand shall be equal to or greater than the total amount to be paid, distributed or reserved for or from any source by the Just Energy Entities (or the Monitor on their behalf) in order to implement the Plan in accordance with its terms;

		(o)
	the total amounts to be paid, distributed or reserved in Canadian and US dollars for or from any source by the Just Energy Entities (or the Monitor on their behalf) in order to implement the Plan in accordance with its terms shall not exceed $170,000,000 and US$337,000,000, respectively, plus any accrued and outstanding interest with respect to such amounts;

		(p)
	Shell shall have confirmed, in writing, to the Just Energy Entities and the Plan Sponsor that (i) it will not exercise any termination right under its Continuing Contracts solely as a result of the CCAA Proceeding, the Chapter 15 Proceeding, the Plan or any document, instrument, matter or transaction involving the Just Energy Entities arising in connection with or pursuant to any of the foregoing, and (ii) all existing and any potential future trades will be transacted in accordance with the Continuing Contracts (as may be amended, restated, supplemented and/or replaced by the Just Energy Entities and Shell from time to time following the Effective Date) or new arrangements, in each case, in accordance with the terms thereof and subject to the terms of the New Intercreditor Agreement. The Continuing Contracts with respect to Shell shall not include the Third Amended and Restated Scheduling Coordinator Agreement dated December 1, 2014 between Shell Energy North America (US), L.P., Just Energy New York Corp, JEUS and Just Energy Solutions Inc. (formerly Commerce Energy, Inc.) or any other agreement whereby Shell performs ISO or scheduling services on behalf of any Just

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Energy Entity whereby a Just Energy Entity has reimbursement obligations to Shell for payments made by Shell on behalf of a Just Energy Entity to an ISO;
		(q)
	all required Transaction Regulatory Approvals shall have been obtained and shall be in full force and effect, except for such Transaction Regulatory Approvals that need not be obtained or in full force and effect prior to the implementation of the Plan;

		(r)
	all necessary corporate action and proceedings of the Just Energy Entities shall have been taken to approve the Plan and to enable the Just Energy Entities to execute, deliver, and perform their respective obligations under the agreements, documents, and other instruments to be executed and delivered by it pursuant to the Plan;

		(s)
	all agreements, resolutions, documents, and other instruments, which are reasonably necessary to be executed and delivered by the Just Energy Entities, in order to implement the Plan or perform their respective obligations under the Plan or the Sanction Order, shall have been executed and delivered;

		(t)
	the MIP shall have been executed on terms consistent in all respects with the management incentive plan term sheet, attached as Exhibit 4 to the Restructuring Term Sheet;

		(u)
	each of the Employment Agreements shall either (i) not have been disclaimed and remain in place; or (ii) otherwise have been amended as contemplated by the Support Agreement; and

		(v)
	the Effective Date shall have occurred on or prior to the Outside Date.

		10.2
	Monitor’s Certificate

Upon delivery of written notice from each of the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor of the satisfaction or waiver of the conditions precedent to implementation of the Plan as set out in Section 10.1, the Monitor shall forthwith deliver to the Just Energy Entities, the Credit Facility Lenders and the Plan Sponsor a certificate substantially in the form attached to the Sanction Order stating that the Effective Date has occurred and that the Plan is effective in accordance with its terms and the terms of the Sanction Order (the “Monitor’s Certificate”). As soon as practicable following the Effective Date, the Monitor shall file such certificate with the Court and with the U.S. Court, and shall post a copy of same on the Monitor’s Website.
ARTICLE 11
GENERAL
		11.1
	Binding Effect

On the Effective Date, or as otherwise provided in the Plan:
		(a)
	the Plan will become effective and binding at the Effective Time and the sequence of steps set out in the Restructuring Steps Supplement will be implemented;

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		(b)
	the treatment of Affected Claims under the Plan shall be final and binding for all purposes and shall be binding upon and enure to the benefit of the Just Energy Entities, the Plan Sponsor, all Affected Creditors, any Person having a Released Claim and all other Persons directly or indirectly named or referred to in or subject to the Plan and their respective heirs, executors, administrators and other legal representatives, successors and assigns;

		(c)
	all Affected Claims shall be forever discharged and released, excepting only the distribution thereon in the manner and to the extent provided for in the Plan;

		(d)
	all Released Claims shall be forever discharged, released, enjoined and barred;

		(e)
	each Person named or referred to in or subject to the Plan shall be deemed to have consented and agreed to all of the provisions of the Plan, in its entirety;

		(f)
	each Person named or referred to in, or subject to, the Plan shall be deemed to have executed and delivered to the Just Energy Entities all consents, releases, directions, assignments and waivers, statutory or otherwise, required to implement and carry out the Plan in its entirety; and

		(g)
	each Person named or referred to in, or subject to, the Plan shall be deemed to have received from the Just Energy Entities all statements, notices, declarations and notifications, statutory or otherwise, required to implement and carry out the Plan in its entirety.

		11.2
	Waiver of Defaults

		(a)
	From and after the Effective Time, all Persons shall be deemed to have waived any and all defaults of the Just Energy Entities then existing or previously committed by any of the Just Energy Entities, or caused by any of the Just Energy Entities, the commencement of the CCAA Proceeding or the Chapter 15 Proceeding, any matter pertaining to the CCAA Proceeding or Chapter 15 Proceeding, any of the provisions in the Plan or steps or transactions contemplated in the Plan, or any non-compliance with any covenant, warranty, representation, term, provision, condition or obligation, expressed or implied, in any contract, instrument, credit document, indenture, note, lease, guarantee, agreement for sale or other agreement, written or oral, and any and all amendments or supplements thereto, existing between such Person and any of the Just Energy Entities, and any and all notices of default and demands for payment or any step or proceeding taken or commenced in connection therewith shall be deemed to have been rescinded and of no further force or effect; provided that, nothing shall be deemed to excuse the Just Energy Entities from performing their respective obligations under the Plan and the related documents, or be a waiver of defaults by any of the Just Energy Entities under the Plan and the related documents.

		(b)
	Effective on the Effective Date, any and all agreements that are assigned to New Just Energy Parent shall be and remain in full force and effect, unamended, as at the Effective Date, and no Person shall, following the Effective Date, accelerate,

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terminate, rescind, refuse to perform or otherwise repudiate its obligations under, or enforce or exercise any right (including any right of set-off, dilution or other remedy) or make any demand against New Just Energy Parent or any Just Energy Entity under or in respect of any such agreement, by reason of: (i) any event that occurred on or prior to the Effective Date that would have entitled any Person thereto to enforce those rights or remedies (including defaults or events of default arising as a result of the insolvency of any of the Just Energy Entities), (ii) the fact that the Just Energy Entities commenced or completed the CCAA Proceeding or the Chapter 15 Proceeding, (iii) the implementation of the Plan, or the completion of any of the steps, transactions or things contemplated by the Plan, or (iv) any compromises, arrangements, transactions, releases, discharges or injunctions effected pursuant to the Plan or any Order.
		11.3
	Claims Bar Date

Nothing in the Plan extends or shall be interpreted as extending or amending the Claims Bar Date or gives or shall be interpreted as giving any rights to any Person in respect of Claims that have been barred or extinguished pursuant to the Claims Procedure Order.
		11.4
	Preferential Transactions

Sections 95 to 101 of the BIA and any Applicable Law relating to preferences, settlements, fraudulent conveyances, or transfers at undervalue shall not apply in any respect, including, without limitation, to any dealings prior to the Filing Date, to the Plan, to any payments or distributions made in connection with the restructuring and recapitalization of the Just Energy Entities, whether made before or after the Filing Date, or to any and all transactions contemplated by and to be implemented pursuant to the Plan; provided, however, that the foregoing shall not apply with respect to the subject matter of the Adversary Proceeding.
		11.5
	Deeming Provisions

In the Plan, the deeming provisions are not rebuttable and are conclusive and irrevocable.
		11.6
	Non-Consummation

Subject to the Support Agreement, the Just Energy Entities reserve the right to revoke or withdraw the Plan at any time prior to the Effective Date. Subject to the Support Agreement, if the Just Energy Entities revoke or withdraw the Plan, or if the Sanction Order is not issued or if the Effective Date does not occur, (a) the Plan shall be null and void in all respects; (b) any settlement or compromise embodied in the Plan or any document or agreement executed pursuant to or in connection with the Plan shall be deemed to be null and void; and (c) nothing contained in the Plan, and no acts taken in preparation for consummation of the Plan, shall (i) constitute or be deemed to constitute a waiver or release of any Claims by or against any of the Just Energy Entities or any other Person, (ii) prejudice in any manner the rights of the Just Energy Entities or any other Person in any further proceedings involving any of the Just Energy Entities, or (iii) constitute an admission of any sort by any of the Just Energy Entities or any other Person.
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		11.7
	Amendments to the Plan Prior to Approval

Subject to the terms and conditions of the Support Agreement, the Just Energy Entities reserve the right to vary, modify, amend, or supplement the Plan by way of a supplementary or amended and restated plan or plans of compromise or arrangement or both filed with the Court at any time or from time to time prior to the commencement of the Meetings; provided that, the Just Energy Entities obtain the prior consent of the Plan Sponsor, the Credit Facility Lenders, Shell and the Monitor to any such variation, modification, amendment, or supplement, which consent shall not be unreasonably withheld, conditioned or delayed. Any such supplementary or amended and restated plan or plans of compromise or arrangement or both shall, for all purposes, be deemed to be a part of and incorporated into the Plan. Any such variation, modification, amendment, or supplement shall be posted on the Monitor’s Website and e-mail notice will be provided to the CCAA Proceeding service list. Creditors are advised to check the Monitor’s Website regularly. Creditors who wish to receive written notice of any variation, modification, amendment, or supplement to the Plan should contact the Monitor in the manner set out in Section 11.14 of the Plan. Creditors in attendance at the Meetings will also be advised of any such variation, modification, amendment or supplement to the Plan.
In addition, the Just Energy Entities may propose a variation or modification of, or amendment, or supplement to, the Plan during the Meetings, provided that the Just Energy Entities obtain the prior consent of the Plan Sponsor, the Credit Facility Lenders, Shell and the Monitor to any such variation, modification, amendment, or supplement, which consent shall not be unreasonably withheld, conditioned or delayed, and that notice of such variation, modification, amendment, or supplement is given to all Creditors entitled to vote, present in person or by proxy at the applicable Meeting prior to the vote being taken at such Meeting, in which case any such variation, modification, amendment, or supplement shall, for all purposes, be deemed to be part of and incorporated into the Plan. Any variation, amendment, modification, or supplement at a Meeting will be promptly posted on the Monitor’s Website, served by e-mail to the service list in the CCAA Proceeding and filed with the Court as soon as practicable following the applicable Meeting.
		11.8
	Amendments to the Plan Following Approval

After the Meetings (and both prior to and subsequent to obtaining the Sanction Order), the Just Energy Entities may at any time and from time to time vary, amend, modify, or supplement the Plan without the need for obtaining an Order of the Court or providing notice to the Creditors, if the Just Energy Entities, the Plan Sponsor, the Credit Facility Lenders, Shell and the Monitor, each acting reasonably, determine that such variation, amendment, modification, or supplement would not be materially prejudicial to the interests of any Creditors under the Plan or is necessary in order to give effect to the substance of the Plan or the Sanction Order.
		11.9
	Paramountcy

From and after the Effective Time on the Effective Date, any conflict between:
		(a)
	the Plan or any Final Order of the Court in the CCAA Proceeding or the U.S. Court in the Chapter 15 Proceeding; and

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		(b)
	the covenants, warranties, representations, terms, conditions, provisions or obligations, expressed or implied, of any contract, mortgage, security agreement, indenture, trust indenture, note, loan agreement, commitment letter, agreement for sale, lease or other agreement, written or oral and any and all amendments or supplements thereto existing between any Person and the Just Energy Entities immediately prior to the Effective Date or the notice of articles, articles, bylaws or constating documents of the Just Energy Entities or New Just Energy Parent immediately prior to the Effective Date,

will be deemed to be governed by the terms, conditions and provisions of the Plan or the applicable Final Order, which shall take precedence and priority; provided that, any settlement agreement executed by the Just Energy Entities and any Person asserting a Claim that was entered into from and after the Filing Date shall be read and interpreted in a manner that assumes such settlement agreement is intended to operate congruously with, and not in conflict with, the Plan.
		11.10
	Severability of Plan Provisions

If any term, section or provision of the Plan is held by the Court or the U.S. Court to be invalid, void or unenforceable, the Court or the U.S. Court, as applicable, at the request of the Just Energy Entities and with the consent of the Monitor, the Credit Facility Lenders and the Plan Sponsor, each acting reasonably, shall have the power to either (a) sever such term, section or provision from the balance of the Plan as approved by the Court or the U.S. Court, as applicable, and provide the Just Energy Entities with the option to proceed with the implementation of the balance of the Plan as of and with effect from the Effective Date; or (b) alter and interpret such term, section or provision to make it valid or enforceable to the maximum extent practicable, consistent with the original purpose of such term, section or provision held to be invalid, void or unenforceable, and such term, section or provision shall then be applied as altered or interpreted. Notwithstanding any such holding, alteration or interpretation of the Plan, the remainder of the terms, sections and provisions of the Plan shall remain in full force and effect and shall in no way be affected, impaired or invalidated by such holding, alteration or interpretation.
		11.11
	The Monitor

		(a)
	The Monitor is acting and will continue to act in all respects in its capacity as Monitor in the CCAA Proceeding and not in its personal or corporate capacity. The Monitor will not be responsible or liable whatsoever for any obligations of the Just Energy Entities. The Monitor will have the powers and protections granted to it by the Plan, the CCAA and the Orders made by the Court in the CCAA Proceeding. Both prior to and after the Effective Date, the Just Energy Entities shall provide such assistance as reasonably required by the Monitor in connection with the completion of the Monitor’s duties and obligations under the Plan.

		(b)
	The Monitor shall not incur any liability whatsoever, including in respect of (i) any amount paid, required to be paid or not paid pursuant to the Plan, (ii) any costs or expenses incurred in connection with, in relation to or as a result of any payment made, required to be made or not made, or (iii) any deficiency in the Plan Implementation Fund or any reserves established pursuant to the Plan. Notwithstanding any other provision of the Plan, and without in any way limiting

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the protections for the Monitor set out in the Orders made by the Court in the CCAA Proceeding or the CCAA, the Monitor shall have no obligation to make any payment contemplated under the Plan, and nothing shall be construed as obligating the Monitor to make any such payment, unless and until the Monitor is in receipt of funds adequate to effect any such payment.
		11.12
	Different Capacities

Persons who are affected by the Plan may be affected in more than one capacity. Unless expressly provided herein to the contrary, a Person will be entitled to participate hereunder in each such capacity. Any action taken by a Person in one capacity will not affect such Person in any other capacity, unless expressly agreed by the Just Energy Entities and the Plan Sponsor, each acting reasonably, and the Person, in writing, or unless its Claims overlap or are otherwise duplicative.
		11.13
	Authority and Reliance Upon Consent

For the purposes of the Plan, where a matter shall have been agreed, waived, consented to or approved by:
		(a)
	the Just Energy Entities, or a matter must be satisfactory or acceptable to the Just Energy Entities, any Person shall be entitled to rely on written confirmation from either Company Counsel that the Just Energy Entities has agreed, waived, consented to or approved a particular matter;

		(b)
	the Plan Sponsor, or a matter must be satisfactory or acceptable to the Plan Sponsor, such matter shall be decided by the majority of parties composing the Plan Sponsor, and any Person shall be entitled to rely on written confirmation from either Plan Sponsor Counsel that the Plan Sponsor has agreed, waived, consented to, or approved a particular matter;

		(c)
	the Credit Facility Lenders, or a matter must be satisfactory or acceptable to the Credit Facility Lenders, any person shall be entitled to rely on written confirmation from the Credit Facility Agent or its counsel that the Credit Facility Lenders have agreed, waived, consented to or approved a particular matter;

		(d)
	Shell, or a matter must be satisfactory or acceptable to Shell, any person shall be entitled to rely on written confirmation from Shell or its counsel that Shell has agreed, waived, consented to or approved a particular matter;

		(e)
	the Supporting Parties, or a matter must be satisfactory or acceptable to the Supporting Parties, such matter shall be decided in accordance with the terms of the Support Agreement; and

		(f)
	the Backstop Parties, or a matter must be satisfactory or acceptable to the Backstop Parties, such matter shall be decided in accordance with the terms of the Backstop Commitment Letter,

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provided that any provision that requires an agreement, waiver, consent or approval from a party in respect of a matter will not limit any agreement, waiver, consent or approval required from a Supporting Party pursuant to the Support Agreement in respect of the same subject matter.
		11.14
	Notices

Any notice or other communication to be delivered hereunder must be in writing and reference the Plan and may, subject to as hereinafter provided, be made or given by personal delivery, ordinary mail or by email addressed to the respective parties as follows:
		(a)
	if to the any of the Just Energy Entities:

	

	

	Just Energy Group Inc.

	100 King Street West, Suite 2630

	Toronto, ON M5X 1E1

	Attention:        Jonah Davids, General Counsel

	E-mail:            jdavids@justenergy.com

	​

	With a copy to (which shall not constitute notice):

	​

	Osler, Hoskin & Harcourt LLP

	P.O. Box 50, 1 First Canadian Place

	Toronto, ON M5X 1B8

	Attention:        Marc Wasserman / Michael De Lellis / Jeremy Dacks

	Email:              mwasserman@osler.com / mdelellis@osler.com / 

	                         jdacks@osler.com

	​

	With a copy to (which shall not constitute notice):

	​

	Kirkland & Ellis LLP

	601 Lexington Avenue

	New York, NY 10022

	Attention:        Brian Schartz / Mary Kogut Brawley / Neil Herman

	Email:              brian.schartz@kirkland.com / mary.kogut@kirkland.com / 

	                         neil.herman@kirkland.com

	​

	With a copy to (which shall not constitute notice):

	​

	FTI Consulting Canada Inc.,

	in its capacity as Monitor of the Just Energy Entities

	P.O. Box 104, TD South Tower

	79 Wellington Street West

	Toronto Dominion Centre, Suite 2010

	Toronto, ON M5K 1G8

	Attention:        Paul Bishop / Jim Robinson

	Email:              paul.bishop@fticonsulting.com / jim.robinson@fticonsulting.com

​
​

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- 63 -

		(b)
	if to the Monitor:

	

	

	FTI Consulting Canada Inc.,

	in its capacity as Monitor of the Just Energy Entities

	P.O. Box 104, TD South Tower

	79 Wellington Street West

	Toronto Dominion Centre, Suite 2010

	Toronto, ON M5K 1G8

	Attention:        Paul Bishop / Jim Robinson

	Email:              paul.bishop@fticonsulting.com / jim.robinson@fticonsulting.com

	​

	With a copy to (which shall not constitute notice):

	​

	Thornton Grout Finnigan LLP

	100 Wellington Street West, Suite 200

	Toronto, ON M5K 1K7

	Attention:        Robert Thornton / Rebecca Kennedy

	Email:              rthornton@tgf.ca / rkennedy@tgf.ca

​
		(c)
	if to the Plan Sponsor:

	

	

	Akin Gump Straus Hauer & Feld LLP

	Bank of America Tower, One Bryant Park

	New York, NY 10036

	Attention:        David Botter / Sarah Link Schultz

	Email:              dbotter@akingump.com / sschultz@akingump.com

	​

	and

	​

	Cassels Brock & Blackwell LLP

	Scotia Plaza, Suite 2100

	40 King Street West

	Toronto, ON M5H 3C2

	Attention:        Ryan Jacobs / Jane Dietrich / Joseph Bellissimo

	Email:              rjacobs@cassels.com / jdietrich@cassels.com /

	                         jbellissimo@cassels.com

​
		(d)
	if to a Creditor:

To the address specified in the Proof of Claim or Negative Notice Claims Package in respect of such Creditor or such other address as the Creditor may from time to time notify the Just Energy Entities and the Monitor in accordance with this Section 11.14,
or to such other address as any party may from time to time notify the others in accordance with this Section 11.14. Any such communication so given or made shall be deemed to have been given or made and to have been received on the day of delivery if delivered, or on the day of sending by
​

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means of recorded electronic communication, provided that such day in either event is a Business Day and the communication is so delivered or sent before 5:00 p.m. on such day. Otherwise, such communication shall be deemed to have been given and made and to have been received on the following Business Day.
		11.15
	Further Assurances

Each of the Persons directly or indirectly named or referred to in or subject to the Plan will execute and deliver all such documents and instruments and do all such acts and things as may be necessary or desirable to carry out the full intent and meaning of the Plan and to give effect to the transactions contemplated by the Plan.
​
​

​

​

SCHEDULE A
JUST ENERGY PARTNERSHIPS
		·
	JUST ENERGY ONTARIO L.P.

		·
	JUST ENERGY MANITOBA L.P.

		·
	JUST ENERGY (B.C.) LIMITED PARTNERSHIP

		·
	JUST ENERGY QUÉBEC L.P.

		·
	JUST ENERGY TRADING L.P.

		·
	JUST ENERGY ALBERTA L.P.

		·
	JUST GREEN L.P.

		·
	JUST ENERGY PRAIRIES L.P.

		·
	JEBPO SERVICES LLP

		·
	JUST ENERGY TEXAS LP

​

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