Document:

Exhibit 10.2

 

 

BROKER AGREEMENT

 

THIS BROKER
AGREEMENT ("Agreement") is made effective as of the , ("Effective Date") by and between

 

 

xxxxxxxxxxxxx

 

 

and collectively referred
to as "Company") and The Power Company USA, LLC a limited liability company organized under the laws of
Illinois having its principal office at 214 W Ohio Street, Suite 3, Chicago, IL 60654 ("Broker"). Company and
Broker are sometimes individually referred to herein as "Party" or collectively as the "Parties".

 

WITNESSETH:

 

WHEREAS, Company
is engaged in the business of purchasing, managing and selling electricity, natural gas and other related energy services ("Energy")
to business, commercial and industrial end-use customers ("Customers"); and

 

WHEREAS, Broker
is in the business of finding potential Customers which may be interested in purchasing Energy from Company in the territories
where Company conducts business and further identified on Schedule C (the "Broker Territory"), as amended
from time to time by the mutual consent of the Parties, and subject to the negotiation of a definitive agreement ("Customer
Agreement"); and

 

WHEREAS, the
Parties wish to set forth certain understandings pertaining to the services to be provided by Broker under this Agreement ("Services");

 

NOW, THEREFORE,
the Parties hereto, intending to be legally bound hereby, and in consideration of their respective obligations herein set forth,
covenant and agree as follows:

 

Article 1.Relationship. 

 

1.1Independent Contractor.

 

(a)Broker
is an independent contractor with respect to all aspects of this Agreement. Broker and its principles, officers, directors
and employees are not employees, agents or servants of Company. Broker shall have no authority and shall not represent
that it has the authority to execute contractual documents or any other documents on behalf of Company or otherwise assume or
incur any obligation or make any representations of any kind in the name of Company. NOTHING IN THIS AGREEMENT SHALL
CREATE OR BE CONSTRUED TO CREATE AN AGENCY, PARTNERSHIP, JOINT VENTURE OR ANY SIMILAR LEGAL RELATIONSHIP BETWEEN BROKER AND
COMPANY.

 

________________

 

* Information redacted pursuant to a confidential
treatment request and submitted separately with the Securities and Exchange Commission.

 

 

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(b) Broker shall be
solely responsible for payment of all state, federal, and local taxes, including income taxes, estimated taxes, social security
or other taxes imposed upon the receipt of the Commission for Broker or any employees of Broker.

 

1.2Training, Support and Marketing Material.

 

(a)Company will
provide training, support, and Marketing Materials to Broker to assist Broker in providing the Services. Company will periodically
provide Broker with training On topics such as Company's business policies and procedures,
Energy products ("Products"), or any other relevant topic in its discretion. Broker shall use commercially reasonable
efforts to attend all training, either in person or via electronic means. Failure to complete all required training shall
be considered an event of default subject to Section 4.2(vi) below.

 

(b)Company shall
provide Broker with authorized marketing and business materials for Broker's use in performing the Services ("Marketing
Materials"). The Marketing Materials shall be accessible to Broker on the channel partner resource center website ("Website").
Access to the Website will be communicated to the Broker upon execution of this Agreement and Broker shall be responsible for accessing
the Website regularly to ensure that Broker is using the current Marketing Materials. Broker may create and use its own marketing
materials, provided, however, that any such materials that address, in any manner, Company and/or the Products, shall be approved
in writing by Company prior to distribution.

 

(c)Company may,
at any time, amend, rescind, or replace the Marketing Materials and/or its approval for the Broker created marketing materials
and Broker shall immediately cease utilizing the Marketing Materials and/or Broker marketing material as appropriate.

 

(d)Nothing herein
shall be construed as providing Broker with a right or license to utilize the names, trademarks or intellectual property of Company.
Any misuse by Broker of any Company names, trademarks or intellectual property shall be a breach of this Agreement and Company
shall have all remedies available under this Agreement, and at a law, to protect its names, trademarks or intellectual property.

 

Article 2.Responsibilities and Duties.

 

2.1Broker Responsibilities. Broker hereby covenants
to undertake the following:

 

(a)Adhere to those
fiduciary standards, ethical practices, and standards of care and competence which are customary for professionals engaged in rendering
the services described herein, and as well as adhering to Direct Energy's Statement of Business Ethics, attached hereto as Schedule
A;

 

(b)Comply with
all Laws applicable to the rendering of Services in general and shall procure all applicable licenses and permits necessary
for the fulfillment of the Services. This includes, but is not limited to, compliance with (I) the Federal Telephone Consumer
Protection Act; (2) the Federal Consumer Fraud and Abuse Prevention Act; (3) the Federal Trade Commission's Telemarketing Sales
Rules; (4) the Do Not Call Implementation Act of 2003; (5) 

 

any rules or requirements of a host utility;
and (6) all other applicable laws, rules, regulations, in performing the Services. For the purposes of this Agreement, "Laws"
means all laws, statutes, regulations, ordinances, rules, directives, ethical guidelines, consumer protection rules, and common
law and any host utility requirements relevant or applicable to the Services. Broker shall immediately notify Company in writing
upon receipt of any complaint, allegation or claim by any person, entity, actual or prospective customer, or governmental agency
against Broker threatening legal action, enforcement, or discipline, including any claim for loss or damages;

 

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(c)Broker shall
disclose to Customer that (i) Broker is an agent of Customer only and not an agent of Company; (ii) Broker will receive a Commission
from Customer that will be paid to Broker by Company out of payments actually received by Company under the Customer Agreement;
and (iii) Company is not liable or responsible for any act or omission of Broker to the Customer or otherwise;

 

(d)Broker shall
not assume or create any obligation or responsibility, express or implied, on behalf of, or in the name of Company and shall not
bind Company in any manner;

 

(e)When reasonably
requested by Company, Broker will assist in the resolution of Customer controversies or disputes and the collection of past due
accounts;

 

Adhere to any and
all policies and procedures that may be instituted or amended from time to time by Company related to the performance of the Services;
and

 

(g)Provide (i)
Customer with the Customer Agreement; (ii) Company with all Customer information requested by Company, including but not limited
to billing data, credit information, and consumption data in compliance with the procedure established by Company provided on the
Website; and (iii) Company with the Customer Agreement, signed by the potential Customer, for final approval and execution. Broker
shall not have authority to negotiate the terms and conditions, or amend or modify, the Customer Agreement. Company reserves the
right to reject any Customer Agreement presented by Broker without explanation. Broker recognizes that a Customer Agreement between
Company and a Customer governs the relationship between the Customer and Company, and that except for the commission set forth
herein, Broker is not a party or intended third-party beneficiary of any such agreements.

 

2.2Company Responsibilities. Company hereby covenants
to undertake the following:

 

(a)Prepare price
quotes within a reasonable amount of time from Broker's request and provide Broker with the Customer Agreement, as it may be amended
or modified from time-to-time at Company's sole discretion, and any additional documents to be executed by Customer;

 

(b)Make Company
personnel available to meet with Customers when reasonably requested by Broker. Provide telephone support assistance, when reasonably
requested, during normal and regular business hours to answer questions relating to Company and the Products; and

 

(c)Comply with
all applicable federal, state and local laws, ordinances and regulations.

 

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Article 3.Compensation. 

 

3.1Commission. Company will
pay Broker a fee for Customers identified by Broker ("Commission") in accordance with the Commission calculation
set forth on Schedule B, attached, if and only if the Customer
and Company execute a Customer Agreement. The Commission is based on the kilowatt-hour or MMBtu of Energy, as applicable, delivered
by Company during the term of each Customer Agreement, or during subsequent renewals upon the conditions as described below. No
payment will be made to Broker until Broker has provided Company with a completed and properly signed W-9.

 

3.2Renewals. Company will pay
a Commission for the renewal of a Customer Agreement, if and only if, the Broker has played an active role in signing of the renewal
and can demonstrate that it continues to represent the Customer for any renewed Customer Agreement. By way of example only, the
following activities would be sufficient to satisfy this requirement: (i) requesting price quotes for Customer, (ii) obtaining
usage and other information from Customer and providing same to Company for pricing purposes, and (iii) correspondence with the
Customer and Company regarding the renewal of the Customer Agreement. If, as determined in Company's sole discretion, Broker does
not initiate such activity within at least forty-five (45) days prior to the expiration of the Customer Agreement, Company may
pursue renewal of the Customer independent of Broker and no payment of Commission shall be due to Broker as a result of such renewal.

 

3.3Payment of Commissions.

 

(a)Except as provided
below in Section 3.3(b), Commissions payable to Broker shall be payable on or before the 30th day following the last day
of each calendar month in which Company receives full payment of each invoice that has been submitted to Customer for payment.
if only a partial payment is received from Customer, Broker shall be paid its Commission once full payment on all outstanding invoices
has been received by Company. Company shall not pay any Commission while a Customer is more than forty-five (45) clays delinquent
on any outstanding invoice(s) and/or upon Customer's filing for bankruptcy. Under no circumstances shall Broker be entitled to
any Commissions on any invoice for which Company does not receive payment. Company reserves the right to independently offer additional
services and/or products to Customers without paying additional fees to Broker.

 

(b)If Company becomes
involved in any litigation or other disputes with a Customer as a result of Broker's actions or inactions, Company shall be entitled
to recover the costs of such litigation or disputes from Broker and shall be specifically authorized to withhold any future Commission
payment until such costs are recovered. Company shall have the right to collect and/or credit any overpayment of Commissions against
any future Commissions.

 

(c)If Customer
and Company amend the terms of a Customer Agreement in a manner that alters the pricing, the Commission structure may also be amended
prospectively to economically justify the amendments made to the Customer Agreement. In such cases, Company and Broker agree to
use their best efforts to agree upon mutually acceptable Commission rate.

 

(d)Broker and Company
agree that Broker may have solicited customers on behalf of Company prior to the Effective Date of this Agreement for which Broker
may be entitled to a payment. Broker and Company hereby agree that such transactions shall be subject to and governed by the
terms and conditions of this Agreement. 

 

 

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3.4Payment of Commission upon the Termination of this
Agreement.

 

(a)If this Agreement
is terminated for cause in accordance with Section 4.2, Broker shall not be entitled to, and shall not receive, any further
or future Commissions or any other payments of any kind after the date of termination.

 

(b)If this Agreement
is terminated by either Party in accordance with Section 4.1, Company will continue to pay Commissions to Broker or provide
Broker with a one-time payout amount, such form of payment determinable in Company's sole discretion, provided however, Company
may discontinue the payment of Commissions if Broker: (i) violates any Laws; (ii) engages in false or misleading representations
regarding Company or its Products; (iii) is charged with or convicted of a felony; (iv) takes any action or makes any statement
that would impugn the business reputation of Company or (v) violates its confidentiality obligations under this Agreement.

 

3.5Commission Statements.
Company shall provide Broker with a monthly Commission statement evidencing the volume of Energy sold and the Commission due
under each Customer Agreement. Broker shall have ninety (90) days from the date of the Commission statement to dispute in writing
to Company of any discrepancies. Any discrepancies that are not raised within ninety (90) days from the date of the Commission
statement shall be waived by Broker.

 

Article 4.Term and Termination.

 

4.1Term. The term of this Agreement
shall commence on the Effective Date and shall continue in effect for one month, and will automatically be extended for consecutive
one-month period(s), unless and until terminated by either Party by giving the other Party three (3) days prior written notice.
This Agreement and the payments hereunder will not survive Broker's death or permanent disability.

 

4.2Termination for Cause by Company.
Company may terminate this Agreement immediately if Broker: (i) violates any Laws; (ii) engages in false or misleading representations
regarding Company or its Products; (iii) is charged with or convicted of a felony; (iv) takes any action or makes any statement
that would impugn the business reputation of Company; (v) violates its confidentiality obligations under this Agreement; (vi) is
in default of any material obligations or duties under this Agreement and fails to cure such default within five (5) (lays following
the receipt of written notice from Company describing the default; or (vii) files bankruptcy, goes into compulsory liquidation,
or makes an assignment of this Agreement for the benefit of creditors.

 

4.3Termination of Customer Agreement.
If at any time following execution of this Agreement, there exists an event of default, change in law, regulatory action, judicial
action or any other event or circumstance that results in termination of the Customer Agreement by Company or Customer, then Company's
obligations arising from the terminated Customer Agreement pursuant to this Agreement shall also terminate and Company shall be
released from any and all subsequent payment obligations to Broker relating to the terminated Customer Agreement.

 

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Article 5.Confidentiality. 

 

5.1Confidential Information. Broker
acknowledges and agrees that Company has developed and owns and controls certain confidential and proprietary business information
relating to its business and the Products, including, without limitation, ideas, inventions, technical information, policies, procedures,
processes, business and financial models and projections, marketing and business materials, price lists, advertising literature,
customer lists, customer information and all other confidential business information and trade secrets owned and controlled by
Company and Company acknowledges and agrees that Broker has developed and owns and controls certain confidential and proprietary
business information relating to its business (collectively and individually the "Confidential Information").

 

5.2Secrecy Commitment. For
so long as this Agreement is in effect and for a period of two (2) years after the expiration or earlier termination of this Agreement,
Broker shall keep secret and confidential, and shall not, either directly or indirectly, make known, divulge, reveal, furnish,
make available or use any Confidential Information gained by Broker pursuant to this Agreement. In the event Broker is a corporation,
partnership, limited partnership or other entity, Broker agrees to cause all principal owners, officers, partners, shareholders
and key sales people and individuals employed by Broker agree to be bound by the terms of this Confidentiality provision. If disclosure
is sought through process of a court, or a governmental agency, Broker shall resist disclosure through all reasonable means and
shall immediately notify Company to allow it the opportunity to participate in such proceedings.

 

5.3Confidential Information of Others.
Broker understands and agrees that Company does not request and will not accept confidential information of others in the
possession of or known by Broker at any time (except with respect to Customers when assisting in the credit process). Broker
will not offer to Company and will refuse any request of any Company employee for the disclosure of confidential information belonging
to a third party. Should any such request be made or if any inadvertent disclosure is made by Broker, Broker shall immediately
inform Company.

 

5.4Return of Documents. The
receiving Party shall turn over to the disclosing Party, upon demand, all Confidential Information and any and all documents or
other writings and recorded materials of any kind embodying the Confidential Information. Neither Party shall copy or reproduce
in whole or in part any such writing or recorded material without the prior written consent of the disclosing Party.

 

5.5Injunctive Relief. If either
Party commits a breach, or threatens to commit a breach, of any of the provisions of this Article 5, the non-breaching Party
shall have the right and remedy to have the provisions of this Article 5 specifically enforced by any court having equity
jurisdiction and/or the right to obtain injunctive relief. The right and remedy enumerated in the preceding sentence shall be in
addition to, and not in lieu of, any rights and remedies available to the Parties at law or in equity.

 

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Article 6.Representations and Warranties.

 

6.1Broker Representations and Warranties.
Broker represents and warrants and covenants to Company the following:

 

(a)it is currently
in compliance with all applicable Laws and is not currently, and has not been subject to or threatened with any written complaint,
enforcement action, disciplinary proceeding or lawsuit by any governmental entity or private party alleging a violation of a liability
under any Law;

 

(b)it shall not take
any action that would violate any Law, contract, agreement, including any non-competition agreement, in performing the Services;

 

(c)it shall not act
in any manner that could cause Company's reputation or good will to be impaired;

 

(d)it shall not utilize
agents to perform the Services without the prior written consent of Company, such consent to be granted in Company's sole discretion.
Further, if agents are engaged by Broker to perform the Services with Company's consent, it shall ensure such agents comply fully
with the terms and conditions of this Agreement, and failure to do so shall constitute an event of default under Section 4.2(vi);

 

(e)it has not entered
into any agreement with any person, firm or corporation that would obligate Company to pay any commission, or "finder's fee"
to any third party in connection with a Customer Agreement;

 

(f)it is not subject
to any non-competition agreement that would be violated upon Broker's execution of this Agreement; and

 

(g)it now has and will
use all reasonable efforts to maintain in full force and effect all consents, licenses and authorizations of any governmental
or other authority that is required to be obtained by it with respect to this Agreement and will use all reasonable efforts to
obtain any that may become necessary in the future.

 

Article 7.Miscellaneous. 

 

7.1Indemnification.
Broker shall indemnify, defend and hold harmless Company, and all of its officers, directors, and employees, from and
against all liabilities, claims, damages and expenses (including, without limitation, reasonable attorney fees and out-of-pocket
expenses) (collectively referred to as "Losses") incurred by Company as a result of, arising out of, or in connection
with, (i) any misrepresentations by Broker, its agents or employees, (i) a breach of this Agreement, or (iii) any negligent, fraudulent
or intentional acts or omissions by Broker, its agents or employees; or (iv) any claim which arises out of or is based upon any
regulatory actions, complaints or alleged violation of Laws or (v) any claim that any party other than Broker is entitled to payment
hereunder.

 

7.2No Employee Solicitation.
Broker agrees for the term of this Agreement and for two years subsequent to the termination of this Agreement, that it will
not employ any Company employee without the prior written consent of Company and will not solicit or attempt to induce any Company
employee to become its employee.

 

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7.3Limitation
of Liability and Damages. No Party shall be liable hereunder to the other Party or any third party (a) for special, indirect,
incidental or consequential (including lost profits) damages, provided, however,
that such limitations shall not apply to damages arising from Broker's breach of Article 5 and Sections 2.1(b), 7.1
and 7.2 or (b) under any circumstances for any breach (alleged or actual) by Customer of the Customer Agreement. In no event will
Company's liability under this Agreement exceed the amount of payments due Broker hereunder for the energy commodity delivered
to and paid for by Customer.

 

7.4Dispute Resolution.
Any disputes by the Parties shall be resolved through good faith negotiation through the Parties' authorized representatives.
Any dispute not resolved within thirty (30) (lays of initial written notification of such dispute may be forwarded to the Parties'
counsel for resolution.

 

7.5Assignment.
This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective permitted successors
and permitted assigns. Broker may not assign, delegate, or otherwise transfer any of its rights or obligations under the Agreement,
including any assignment of Commissions, without the prior written consent of Company, which consent may be withheld or denied
in Company's sole discretion. Any transfer or assignment in violation of this paragraph shall be null and void.

 

7.6Applicable Law.
This Agreement shall be governed by and shall be construed, enforced and performed in accordance with the laws of the State
of New York without regard to principles of conflicts of law.

 

7.7Notices and
Correspondence. Any notice or other document to be given hereunder shall be in writing and shall be delivered to the address
specified on the signature page. Notice sent by facsimile shall be deemed to have been received by the close of the business clay
on which it was transmitted or such earlier time as is confirmed by the receiving party. Notice delivered by courier shall be
deemed to have been received upon receipt. Notice delivered by mail shall be sent via certified mail service deemed to have been
received at the end of the fifth business day after the date of mailing by prepaid first class mail.

 

7.8Non-Waiver.
No waiver by either Party hereto of any one or more defaults by the other in the performance of any of the provisions of this
Agreement shall operate or be construed as a waiver of any other default or defaults whether of a like kind or a different nature.

 

7.9Exclusion of
Third Party Rights. The provisions of this Agreement shall not impart rights enforceable by any person, firm or organization
not a Party to this Agreement or a permitted successor or assignee of a Party.

 

7.10 Headings.
The headings used for the Articles and Sections herein are for convenience and reference purposes only and shall in no way affect
the meaning or interpretation of the provisions of this Agreement.

 

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7.11 Severability.
If any clause, sentence, paragraph or part of this Agreement should be declared or rendered unlawful by a court or regulatory
agency of competent jurisdiction, the remainder of this Agreement shall remain in full force and effect.

 

7.12 Amendments.
No termination, revocation, waiver, modification or amendment of this Agreement shall be binding upon the Parties unless in writing
and signed by all Parties.

 

7.13 Survival. Termination or expiration
of this Agreement shall not relieve either Party of its obligations set forth in Article 3, Article 4, Article 5, Section 7.1
and Section 7.2, and any and all other provisions of this Agreement which by their terms shall reasonably be construed
to survive the expiration or termination of this Agreement.

 

7.14 Entire Agreement. This Agreement
sets forth the entire agreement and understanding between the Parties regarding the subject matter hereof and supersedes any prior
understandings and agreements between them respecting the subject matter of this Agreement and there are no other representations,
agreements or understandings, oral or written, express or implied, between the Parties relating thereto.

 

7.15 Authority to Contract. Each
Party hereto warrants that it has full authority to enter into this Agreement and that such action has been duly authorized in
accordance with such Party's articles of incorporation, by-laws or other applicable organizational documents and procedures.

 

7.16 Counterparts. This Agreement
may be executed in one or more than one counterpart and each executed counterpart shall be considered an original, provided that
such counterpart is delivered to the other Party by facsimile, mail, courier or electronic mail, all of which together shall constitute
one and the same Agreement.

 

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Each of the parties
represents and warrants that the signatory below has authority to sign this Agreement on its behalf.

 

IN WITNESS WHEREOF,
the Parties hereto have caused this Agreement to be duly executed.

 

 

 

 

THE POWER COMPANY
USA, LLC

 

By:

 

Name:

 

Title:

 

Date:

 

 

    	10Exhibit 10.3

 

CONFIDENTIAL

 

ABC ENERGY SERVICES L.L.C.

ELECTRIC SALES AGREEMENT

 

 

This Electric Sales Agreement ("Agreement"), number 12345
(agreement ID) is entered into between ABC Energy Services, L.L.C. ("ABC") and John Smith ("Customer").
This Agreement shall be effective as of the date signed by ABC and indicated as the "Effective Date" on ABC’s signature
block hereto and not prior thereto. ABC and Customer may be individually referred to as "Party" or collectively referred
to as "Parties." The Parties agree to the following:

 

Purchase and Sale; Services

 

ABC shall sell and Customer shall purchase and receive electric
energy on a firm basis for Customer’s facilities identified on Exhibit A hereto. ABC shall manage all electric energy requirements
for Customer, including scheduling and balancing for electric energy. The electric energy will be delivered to a point or points
on the transmission system operated by PJM, the regional transmission organization ("RTO"). Delivery to meters corresponding
to each delivery point for service with ComEd ("Utility") for service addresses and account numbers specified on the
Exhibit A hereto will be made by the Utility.

 

Adequate Assurance

 

Should Customer's creditworthiness or financial responsibility become
unsatisfactory to ABC at any time, in ABC’s sole discretion, ABC may request, in writing, security from Customer, including
but not limited to a deposit, satisfactory to ABC. Customer shall fulfill such request within three (3) business days.

 

Default

 

An Event of Default, as used herein, shall mean: (1) the failure
of Customer to make, when due, any payment due hereunder; (2) Customer’s failure to perform or comply with any term of this
agreement; (3) Customer makes an assignment or any general arrangement for the benefit of creditors; (4) Customer files a petition
or otherwise commences, authorizes, or acquiesces to the commencement of a proceeding or cause of action with respect to it under
any bankruptcy proceeding or similar laws for the protection of creditors, or has such petition filed against it; (5) Customer
otherwise becomes insolvent or is unable to pay its debts as they come due; or (6) Customer fails to provide adequate assurance
as provided in the preceding section. ABC reserves the right, in its sole discretion, to terminate this Agreement at any time,
without prior notice, if an Event of Default occurs.

 

Market Structure

 

In the event of any changes to any tariffs, rules, ordinances, statutes,
laws, regulations, changes in methods of calculations, or procedures of Customer's Utility, or of the RTO and electric power transmission
networks used by ABC and/or ABC’s suppliers to deliver electricity to Customer that increase ABC’s cost of providing
service hereunder, then ABC may pass through such cost increase to Customer. If ABC determines, in its sole discretion, that such
changes prevent ABC from effectively or economically performing under this agreement, then ABC may terminate this agreement upon
30 days written notice.

 

Term

 

Service shall commence on the first meter read date after ABC has
received notice that the Utility has completed its processing and has accepted the delivery service request. Service shall not
commence any earlier than the meter read in September, 2015, (as defined by ComEd) (hereinafter "Start Month").

 

This agreement shall remain in effect for twelve months from the
Start Month, ending on the last meter read date of said twelfth month (hereinafter the "Anniversary Month") for the accounts
(the "Initial Term"). If Customer executes an Exhibit B at any time that includes a term that goes beyond the then-current
Anniversary Month for all other accounts (as determined in this Electric Sales Agreement), then the current term for all accounts
shall be extended until the next Anniversary Month.

 

Upon the expiration of the Initial Term, and any renewals or extensions
thereof, this agreement shall automatically renew for a period of 12 months (the "Renewal Term"), unless the agreement
is terminated by either party with written notice (said notice must be provided directly from the party, not its agents or any
other third party) provided at least 30 days, but not more than 60 days, prior to the end of the then current term.

 

Pricing

 

Customer agrees to purchase from ABC on a firm basis 100% of Customer’s
electricity usage at all facilities identified on Exhibit A, at the price and on the terms outlined herein.

 

During any period of time after the Start Month, if ABC and Customer
do not have one or more executed Exhibit B Transaction Confirmations or Pricing Offers in effect for all of the facilities identified
on Exhibit A hereto, then the Default Price (as defined below) shall apply to all facilities not covered by a current Exhibit B
or Pricing Offer for the relevant periods.

 

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At least 30 days prior to the end of any term, ABC may in its sole
discretion provide Customer a Pricing Offer (as used herein, a Pricing Offer shall mean a written notice to Customer of proposed
changes, amendments, deletions or additions to the terms of this Agreement including but not limited to changes in price). Customer
shall have ten (10) business days to reject the Pricing Offer in writing. Customer’s failure to reject the Pricing Offer
in writing within ten (10) days shall be deemed an acceptance by Customer of the terms included in the Pricing Offer.

 

The Default Price (per kWh) shall be calculated as follows: the
PJM day ahead locational marginal price for ComEd Zone (as defined by PJM) plus $0.007 per kWh for all quantities of actual usage,
plus distribution and transmission losses at the same price per kWh, plus RTO charges, transmission charges, ancillary charges,
capacity charges, RPS charges (at the rate posted by the ICC prior to the planning year covered by the applicable term,) and delivery
charges (RTO, transmission, ancillary, capacity, and delivery charges shall be passed through to Customer at ABC’s cost,
excluding any credits back to ABC, the benefits of which have been considered by ABC in determining the price; in the event actual
costs for Customer are not available then ABC shall use its best efforts to estimate the actual cost) (collectively hereinafter
"Default Price").

 

The rates identified herein apply only to electric supply to the
Utility, not to the other charges associated with Utility delivery. Customer is responsible for all charges relating to delivering
electricity to Customer’s account(s).

 

Metering

 

In the event Customer utilizes both interval and non-interval, summary-type,
meters, ABC will shape the usage from the non-interval meters to match the load curve of the interval meters, and bill according
to this shaping model. Lighting meters shall not be utilized to determine usage shape.

 

Generation

Customer warrants and represents that Customer does not own any
generation behind the meter. In the event that Customer installs or otherwise utilizes any behind the meter generation during the
term of this Agreement, ABC hereby reserves the right to terminate this Agreement and charge to Customer any costs, losses and
damages, direct or indirect, incurred by ABC as a result thereof.

 

Demand Side Management

 

In the event Customer enrolls in or participates in any utility,
RTO or independently sponsored demand side management programs, ABC hereby reserves the right to terminate this Agreement and charge
to Customer any costs, losses and damages, direct or indirect, incurred by ABC as a result thereof. Customer hereby grants to ABC
a right of first refusal, granting ABC the right: (1) to provide demand side management services to Customer on the same terms
and conditions as included in any bona fide offer from any third party; and (2) in the event ABC has elected to terminate this
Agreement, to enter into a new electric supply agreement on the same terms and conditions as included in any bona fide offer from
any third party.

 

Material Change

 

In the event of a material change in Customer usage parameters -
including, but not limited to, installation or removal of electric consuming equipment, increased or decreased hours of operation,
shutdown/closure/sale of accounts/facilities served hereunder, or other changes that would have an adverse impact on ABC or cause
an increase in ABC’s costs to supply electricity hereunder, then ABC may in its sole discretion either terminate this agreement
(a "Material Change Termination") or pass through those costs to Customer unless Customer's account is included within
the Residential rate class as defined by the Utility in which case no costs would be pass through. Weather events shall not be
considered, or result in, a Material Change hereunder. As used herein, the term Material Change shall mean usage during any calendar
month that either exceeds historical usage (as used in this clause, historical usage shall mean usage during the year prior to
the original execution date of this Agreement) for the same calendar month by 20% or more, or is less than historical usage for
the same calendar month by 20% or more. In the event historical usage cannot be determined, then Material Change shall be determined
by ABC in its sole discretion.

 

Force Majeure Pricing Event

 

In certain circumstances an event of force majeure (as defined below)
may disrupt ABC’s purchased supply and/or financial hedging instruments used to provide fixed pricing service hereunder,
even though Customer may continue to receive electric supply from the Utility. In such cases, the fixed pricing rate shall be suspended
throughout the duration of the force majeure event, and the variable pricing rate defined below shall apply to all metered quantities
consumed by Customer hereunder during the force majeure event. The variable pricing rate shall equal ABC’s actual cost to
supply electricity to the accounts identified on Exhibit A, plus a fixed charge of $0.01/kWh. ABC’s actual costs shall be
determined based on real-time locational marginal prices for energy, congestion and losses, and also all costs incurred by ABC
for capacity, RTO, transmission, ancillary services, RPS, and regulatory compliance requirements. If tariff costs are not available
due to market rates, then costs will be reasonably estimated.

 

Force Majeure

 

Notwithstanding anything to the contrary in this agreement, except
for the obligation to make payments due hereunder, the obligations of a party shall be suspended to the extent the party is unable
to carryout its obligation as a result of force majeure. Force majeure means an event or events outside the control of the claiming
party, which the claiming party is unable to overcome or avoid by exercise of due diligence. Force majeure shall include, without
limitation: a condition resulting in the curtailment of power supply or interruption or curtailment of transmission on the electric
transmission and/or distribution system; restraint by court order; action or non action by, or inability to obtain necessary authorizations
or approvals from any government agency or authority; war, acts of God, fire, terrorism, or flood. If a party hereunder claims
it is unable to perform due to force majeure, and such period of non-performance exceeds 30 days, then the non-claiming party may
terminate this Agreement or any Exhibit B Transaction Confirmation without penalty or default upon thirty days written notice.

 

    	2

    	 

    

 

Billing and Payment - See Exhibit A

 

Warranty

 

WITH THE EXCEPTION OF ANY WARRANTY EXPRESSLY SET FORTH HEREIN, ABC
MAKES NO WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY
AND FITNESS FOR A PARTICULAR PURPOSE.

 

Indemnification, Limitation of Liability, and Performance

 

ABC shall indemnify Customer for any losses, damages, or costs,
which result from ABC’s failure to comply with the terms of this agreement or as a result of any negligence on the part of
ABC. ABC shall not indemnify Customer in the event (1) Customer does not comply with the terms of this agreement or (2) there is
an interruption or cessation of deliveries of electricity, resulting from equipment failure, mechanical difficulties, or if there
is an interruption or cessation of deliveries of electricity as a result of force majeure or other such conditions.

 

Customer shall indemnify, defend and hold harmless ABC for any losses,
damages, or costs, which result from Customer’s failure to comply with the terms of this agreement or as a result of any
negligence on the part of the Customer. Customer recognizes that ABC must purchase and/or contract to purchase financial hedging
instruments and/or physical electricity supplies necessary to supply Customer with electricity under this agreement. In the event
of Customer’s breach of this agreement, an Event of Default, either party’s early termination (unless Customer's account
is included within the Residential rate class as defined by Utility in which case a $50.00 termination penalty will apply) of this
agreement pursuant to any provision of this agreement, or a Material Change Termination, then Customer shall pay to ABC an Early
Termination Fee plus any other damages available to ABC under law, equity, or contract, in addition to paying all outstanding invoices.
The Early Termination Fee shall consist of: (1) ABC’s losses and costs incurred in liquidating its financial hedging instruments
and terminating or liquidating its physical supply purchase obligations; and (2) an amount representing the positive difference
(if any) between the price in effect at the time of the early termination less the forward market price (based upon a commercially
reasonable estimate by ABC), multiplied by the forecasted quantities of usage for the remainder of the term (forecasted quantities
shall be based upon historical usage, as that term is defined in the Material Change section); and (3) in the event of a Material
Change Termination, an amount representing the positive difference (if any) between the market price during the period in which
the Material Change occurred less the price in effect during that same period, multiplied by either (a) in the event of a Material
Change Termination resulting from excess usage , the quantity of usage in excess of 120% of the historical usage (as that term
is defined in the Material Change section), or (b) in the event of a Material Change Termination resulting from a shortage in usage,
the quantity of usage representing the positive difference (if any) between 80% of the historical usage (as that term is defined
in the Material Change section) and the actual usage.

 

ABC SHALL NOT BE LIABLE TO CUSTOMER FOR ANY SPECIAL, INDIRECT, CONSEQUENTIAL,
INCIDENTAL OR PUNITIVE DAMAGES, OR FOR LOST PROFITS ARISING OUT OF, OR RELATING TO, ANY ACTION OR FAILURE TO ACT UNDER THIS AGREEMENT
WHETHER OR NOT ARISING FROM EITHER PARTY(S) NEGLIGENCE OR FAULT UNDER THIS AGREEMENT.

 

Forward Contract

 

The Parties acknowledge and agree that this agreement constitutes
a forward contract within the meaning of the United States Bankruptcy Code (the "Code"), and that ABC is a forward contract
merchant under this agreement within the meaning of the Code.

 

Miscellaneous

 

This agreement, including the exhibit(s), constitutes the entire
agreement of the parties for the sale and purchase of electric energy provided for herein and may be changed only by an agreement
in writing. In the event of a conflict between this agreement and the Exhibit A or Exhibit B Transaction Confirmation, the Exhibit
A or Exhibit B Transaction Confirmation shall control. This agreement shall be governed by, construed and enforced in accordance
with the laws of the State of Illinois without regard to conflict of law principles. Only ABC may assign this agreement. This agreement
shall not be construed against either party by reason of its preparation. Any waiver of any terms of this agreement shall not diminish
the future enforceability of this agreement. Customer agrees not to disclose any term of this agreement to a third-party (other
than Customer's affiliates, officers, directors, employees, lenders, counsel or accountants) except as necessary for Customer to
perform its obligations herein or to comply with any applicable law, order, regulation or rule. If any provision of this agreement
is held to be invalid, its invalidity shall not affect the validity of any other provision of this agreement. Customer shall be
responsible for any and all costs, including but not limited to attorneys’ fees and court costs, incurred by ABC in order
to enforce the terms of this agreement.

 

Notices

 

Except as provided herein to the contrary, any notice, request,
demand, statement, bill or payment provided for in this agreement, or any notice which a party may desire to give to the other,
shall be in writing and shall be considered duly delivered when received if sent by facsimile, same or next day delivery service,
or as of the third business day after the postmark date when mailed by ordinary mail to the other party at the following address:

 

 

	ABC Energy Services, L.L.C.

Notices and correspondence, parcel deliveries

	Customer/notices and correspondence
	 	 
	ABC Energy Services, L.L.C.

	John Smith
	 	 
	 	 
	Payments:	Billings and statements (if different)
	 	 
	 	same as mailing

 

This agreement is effective pending final credit approval by ABC
Energy Services, L.L.C.

 

In witness whereof, the parties hereto have executed this agreement
as of the date herein below first written.

 

	Seller: ABC Energy Services, L.L.C.	Customer: John Smith
	By:	By:
	Print Name:	Print Name:
	Title:	Title:
	Effective Date:	Date:
	Base Agreement #12345	 

 

 

    	3

    	 

    

 

Exhibit A : Accounts to be Served on ComEd

 

 

	Customer Name:John Smith	Agreement #: 12345
	 	MAILING INFORMATION	BILLING INFORMATION
	ATTN	John Smith	same as mailing
	STREET	 	 
	CITY/STATE/ZIP	 
	CONTACT PHONE Day/Evening	312-555-1212
	CONTACT EMAIL	 

 

	
         

        Location Name
	
         

        Account Number
	
         

        Service Address
	
         

        City
	
         

        State
	
         

        Zip Code
	
         

        UCB(Y/N)

	 	0123456789	555 W Main st suite 1	Chicago	Illinois	60608	Y

 

 

Billing and Payment:

 

This billing payment provision supersedes, replaces and amends the
Billing and Payment provision in Electric Sales Agreement.

 

Dual Billing Option:

 

If customer elects Dual Billing and account(s) are eligible for
Dual Billing, Customer’s payment will be due on the date stated on ABC’s bill. A late payment charge of one and a half
percent (1.5%) per month or the maximum lawful rate, whichever is lower, shall be imposed on any past due balance. In the event
that Customer requests a billing adjustment, Customer is obligated to pay all other amounts as invoiced. Upon reconciliation of
a proposed billing adjustment Customer shall pay any additional amounts due to ABC.

 

Utility Consolidated Billing Option

 

If customer elects Utility Consolidated Billing (UCB) and account(s)
are eligible for UCB, Customer will receive one single bill from LDC for both the ABC energy charges and the LDC delivery charges,
including taxes and fees. Customer is responsible for paying each monthly bill to LDC in full by the due date stated on the invoice.
Should the Utility cease providing consolidated billing for your account ABC Energy will bill you directly. You acknowledge that
the Utility may provide ABC with your billing and payment information.

 

Regardless of billing option, Customer is responsible for any and
all taxes, fees, licenses, penalties or charges ("taxes") imposed on or with respect to the electricity at or after the
title transfer point(s), customer shall provide evidence of such exemption to ABC. Title to all electricity sold hereunder shall
transfer from ABC to Customer at the Utility interface with the bulk electricity transmission system. Additionally, ABC may bill
estimates in advance of meter reads should Customer’s meter be cycle read, or if measurements of actual usage are not received
timely from the utility. Customer agrees to accept the measurements as determined by the Utility for purpose of accounting for
the amount of power and energy provided by us under this contract.

 

ABC can elect switch billing options under this Agreement at ABC’s
sole discretion or if the customer is deemed ineligible for Dual or Utility Consolidated Billing.

 

    	4

    	 

    

 

Exhibit B: Fixed Power "ALL IN

ABC Energy Services, L.L.C. Electric 

Sales Transaction Confirmation

 

Customer: John Smith

Base Agreement: 12345

 

AGREEMENT

 

This Exhibit B Transaction Confirmation, by and
between ABC Energy Services L.L.C. ("ABC") and John Smith ("Customer"), effective as of the date signed by
ABC and indicated in the signature block hereof as "Effective Date", is made a part of the base Electric Sales Agreement,
number 22169 (agreement ID) between ABC and Customer. ABC shall sell and Customer shall purchase from ABC on a firm basis 100%
of Customer’s electric energy for the accounts identified below, at the price and on the terms identified herein. Customer
indicates below which accounts, if they meet ComEd and ABC Energy's requirements, should be placed on ComEd's Utility Consolidated
Billing (UCB) program.

 

 

ACCOUNTS

 

This transaction Agreement shall apply to the following accounts in the Commonwealth Edison territory in Illinois
("Accounts").

 

	Account Number	Price ($/kWh)	Start Date *	Term	Service Address	City	Zip	UCB(Y/N)
	0123456789	$0.07743	9/1/2015	12 Months	555 W Main st, #1	Chicago	60608	Y

 

* Anticipated
Start Date, based on Customer’s meter read cycle, subject to change by ComEd.

 

TERM

 

This Exhibit B shall supersede any other exhibit
currently in effect for the Accounts identified in this Transaction Confirmation. Service for the Accounts identified in this Transaction
Confirmation shall commence on the first meter read date for the Accounts in the month of September (as determined by the Utility),
but in no event shall service commence prior to the first meter read date after the Utility completes its processing and has accepted
the delivery service request for the accounts. This Exhibit B Transaction Confirmation shall remain in effect for each Account
through the Utility’s scheduled meter read date for each respective Account in September 2016. If the term of this Exhibit
B goes beyond the then-current Anniversary Month for all other accounts (as determined in the Electric Sales Agreement), then the
current term for all accounts identified on Exhibit A to the Electric Sales Agreement shall be extended until the next Anniversary
Month.

 

PRICE

 

Metered usage is
multiplied by the Price to determine the All In cost.

 

The
Price for all electric energy sold hereunder shall be determined as follows:

  

 

    	5

    	 

    

 

Utility distribution charges and applicable regional
transmission organization (RTO) charges included on Client’s delivery service bill from the Utility shall be Client’s
responsibility. Client acknowledges that Utility requires more energy to be supplied to the control area than Client consumes at
the meter(s).

 

	In witness whereof, the parties hereto have executed this agreement as of the date herein below first written.
	Seller: ABC Energy Services, L.L.C.	Customer: John Smith
	By:	By:
	Print Name:	Print Name:
	Title:	Title:
	Effective Date:	Date:

 

 

 

 

 

    	6

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