Document:

EX-10.2

 Exhibit 10.2 

FOURTH AMENDED AND RESTATED 

AGREEMENT OF LIMITED PARTNERSHIP 

OF 
 DOMINION COVE POINT
LNG, LP 
 Dated as of May 4, 2015 

 FOURTH AMENDED AND RESTATED 

AGREEMENT OF LIMITED PARTNERSHIP 

OF 
 DOMINION COVE POINT
LNG, LP 
 This Fourth Amended and Restated Agreement of Limited Partnership of Dominion Cove Point LNG, LP (the
“Partnership”), dated as of May 4, 2015 (the “Effective Date”), is by and between Cove Point GP Holding Company, LLC, a Delaware limited liability company (“CP Holding”), Dominion Gas Projects
Company, LLC, a Delaware limited liability company (“Dominion Gas Projects”), and Dominion Cove Point, Inc., a Delaware Corporation (“DCPI”). 

RECITALS 
 A. The
Partnership was formed under the Delaware Act under the name “Cove Point LNG Company, L.P.” pursuant to a Certificate of Limited Partnership filed with the Secretary of State of the State of Delaware on October 28, 1993 and the
execution of an Agreement of Limited Partnership dated as of that date; 
 B. The Second Amended and Restated Agreement of Limited
Partnership of Dominion Cove Point LNG, LP (the “Second Amended LP Agreement”) was entered into on October 20, 2014 (the “Initial Effective Date”) for the purposes of, inter alia,
(i) recapitalizing the then existing interests of the Partnership into the GP Interest, the Preferred LP Interests, and the Common LP Interests (each such Interest defined below), (ii) setting forth the rights and obligations with respect
to each such recapitalized Interest, and (iii) facilitating the transfers of the GP Interest and Preferred LP Interests pursuant to the Contribution Agreement (defined below); 

C. As of the Initial Effective Date, and as a result of the transfers made pursuant to the Contribution Agreement, CP Holding held the GP
Interest and all of the Preferred LP Interests and Dominion Gas Projects held all of the Common LP Interests; 
 D. Each of Dominion Gas
Projects and CP Holding was a disregarded entity for U.S. federal income tax purposes as of the Initial Effective Date, and CP Holding is a disregarded entity for U.S. federal income tax purposes as of the Effective Date; 

E. For U.S. federal income tax purposes, the transfers of the GP Interest and Preferred LP Interests made pursuant to the Contribution
Agreement caused the Partnership to be treated as a partnership, the partners of which were (i) Dominion Midstream Partners, LP (“MLP”), the sole member of CP Holding, and (ii) DCPI, the then sole member of Dominion
Gas Projects; 
 F. MLP contributed to CP Holding the net proceeds it received from the initial public offering of its common units and CP
Holding contributed those proceeds to the Partnership in exchange for newly issued Preferred LP Interests; 
 G. The Partners amended the
Second Amended LP Agreement by entering into the Third Amended and Restated Agreement (“Third Amended LP Agreement”) on the Initial 

  
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Effective Date to (i) reflect the admission of CP Holding as the General Partner and a Limited Partner of the Partnership, and the acquisition of additional Preferred LP Interests by CP
Holding with the proceeds of the initial public offering by MLP of its common units and (ii) make such other changes as were set forth in the Third Amended LP Agreement; 

H. It was the intent of the parties to the Third Amended LP Agreement, and it is the intent of the parties to this Agreement, that the
distribution reserve referred to in Section 6.3(b) hereof will be established by December 31, 2016; 
 I. On May 1, 2015,
Dominion Gas Projects distributed to DCPI all of the Common LP Interests in the Partnership that it received on the Initial Effective Date and withdrew as a Partner of the Partnership, and DCPI was admitted to the Partnership as a Common Limited
Partner; 
 J. The Partnership, CP Holding and DCPI desire to admit Dominion Gas Projects as an additional Common Limited Partner in
exchange for Dominion Gas Project’s contribution of capital to the Partnership that will be used for the purpose of funding the development of the Liquefaction Project and other capital projects; and 

K. The Partners now wish to amend and restate the Third Amended LP Agreement to (i) admit Dominion Gas Projects as a Limited Partner
holding Common LP Interests, (ii) provide for the ability of Dominion Gas Projects to make future capital contributions to the Partnership for the purposes of funding the development of the Liquefaction Project, and (iii) make such other
changes as were set forth in this Agreement. 
 Accordingly, the Partners agree as follows: 

ARTICLE I 
 DEFINITIONS

 1.1. Definitions. Capitalized terms used but not defined elsewhere herein have the meanings assigned to them
below: 
 “Adjusted Capital Account” means, with respect to any Partner, the balance in the Partner’s
Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments: 
 (a) Credit to the
Capital Account any amounts which the Partner is deemed obligated to restore pursuant to the penultimate sentences of Treasury Regulations Sections 1.704-2(g)(1) and
1.704-2(i)(5); and 
 (b) Debit to the Capital Account the items described in Treasury
Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5), and 1.704-1(b)(2)(ii)(d)(6). 

The foregoing definition of Adjusted Capital Account and the definition of “Adjusted Capital Account Deficit” below are each intended to comply with
the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and will be interpreted consistently therewith. 

  
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 “Adjusted Capital Account Deficit” means, with respect to any Partner,
the deficit balance, if any, in the Partner’s Adjusted Capital Account as of the end of the relevant Fiscal Year. 

“Affiliate” of any Person means any Person that, directly or indirectly through one or more intermediaries, controls,
is controlled by or is under common control with the Person. The term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the
ownership of voting securities, by contract or otherwise. 
 “Agreement” means this Fourth Amended and Restated
Agreement of Limited Partnership, as amended, modified, supplemented or restated from time to time. 
 “Applicable
Law” means all applicable laws, statutes, treaties, rules, codes, ordinances, regulations, permits, certificates, orders, interpretations, licenses and permits of any governmental authority and judgments, decrees, injunctions, writs or
orders of like action of any court, arbitrator or other administrative, judicial or quasi-judicial tribunal or agency of competent jurisdiction (including those pertaining to health, safety or the environment). 

“Capital Account” means, with respect to any Partner, the Capital Account maintained for the Partner in accordance
with the provisions of this definition of “Capital Account.” As of the Initial Effective Date, and based on the Third Party Appraisal, the Capital Account balance of (i) CP Holding was $1,316,075,805, all of which was attributable to
its Preferred LP Interests, and (ii) DCPI (as successor in interest to Dominion Gas Projects) was $1,424,642,862, all of which was attributable to its Common LP Interests. Each Partner’s Capital Account will be determined in accordance
with the following provisions: 
 (a) To each Partner’s Capital Account there will be credited (i) the Partner’s
Capital Contributions, (ii) the Partner’s distributive share of Net Operating Income and any items in the nature of income or gain that are allocated to the Partner pursuant to Sections 5.3 or 5.4, and (iii) the amount of any
Partnership liabilities assumed by the Partner or that are secured by any asset distributed to the Partner; 
 (b) To each
Partner’s Capital Account there shall be debited (i) the amount of Cash and the Carrying Value of any Partnership asset distributed to the Partner pursuant to any provision of this Agreement, (ii) the Partner’s distributive share
of Net Operating Losses and any items in the nature of deduction, expense, or loss that are allocated to the Partner pursuant to Sections 5.3 or 5.4, and (iii) the amount of any liabilities of the Partner assumed by the Partnership or that are
secured by any asset contributed by the Partner to the Partnership; 
 (c) In the event an Interest is Transferred in accordance with
the terms of this Agreement, the transferee will succeed to the Capital Account of the transferor to the extent it relates to the Transferred Interest; and 

(d) In determining the amount of any liability for purposes of subparagraphs (a) and (b) above there will be taken into
account Code Section 752(c) and any other applicable provisions of the Code and Treasury Regulations. 

  
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 The foregoing provisions and the other provisions of this Agreement relating to the maintenance of Capital
Accounts are intended to comply with Treasury Regulations Section 1.704-1(b), and will be interpreted and applied in a manner consistent with those Treasury Regulations. In the event the General Partner
determines in good faith and on a commercially reasonable basis that it is prudent to modify the manner in which the Capital Accounts, or any debits or credits thereto are computed in order to comply with those Treasury Regulations, the General
Partner may make the modification; provided that the General Partner shall promptly give each other Partner written notice of the modification; and provided, further, that the modification shall be made only if and to the extent the
modification does not have an adverse effect on the Preferred Limited Partners. The General Partner also shall, in good faith and on a commercially reasonable basis, (a) make any adjustments to the Capital Accounts that are necessary or
appropriate to maintain equality between the aggregate Capital Accounts of the Partners and the amount of capital reflected on the Partnership’s balance sheet, as computed for book purposes, in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv)(q) and (b) make any appropriate modifications to the Capital Accounts in the event unanticipated events might otherwise cause this Agreement not to comply with Treasury
Regulations Section 1.704-1(b). 
 “Capital Contribution” means, with
respect to any Partner, the amount of cash and the initial Carrying Value of any asset (other than cash) actually or deemed contributed to the Partnership by the Partner on or after the Initial Effective Date. 

“Carrying Value” means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes,
except as follows: 
 (a) The initial Carrying Value of any asset contributed by a Partner to the Partnership will be
the gross fair market value of the asset, which in the case of the assets contributed as of the Initial Effective Date was based on the Third Party Appraisal; 

(b) The Carrying Value of each Partnership asset will be adjusted to equal its gross fair market value as determined by
the Partners as of the following times: (i) the acquisition of an additional interest in the Partnership by any new or existing Partner in exchange for more than a de minimis Capital Contribution, provided that no adjustment will
be made to the Carrying Values of the Partnership’s assets in connection with any Capital Contribution made by a Common Limited Partner for the purpose of funding the construction of the Liquefaction Project; (ii) the distribution by the
Partnership to a Partner of more than a de minimis amount of asset as consideration for an interest in the Partnership; (iii) the liquidation of the Partnership within the meaning of Treasury Regulations
Section 1.704-1(b)(2)(ii)(g) (other than pursuant to Code Section 708(b)(1)(B)); (iv) the issuance of a Noncompensatory Option; or (v) any other event to the extent determined by the
General Partner to be necessary to properly reflect the Carrying Values in accordance with the standards set forth in Treasury Regulations Section 1.704-1(b)(2)(iv)(q); provided, however,
that in the event of the issuance of an Interest in the Partnership pursuant to the exercise of a Noncompensatory Option where the right to share in Partnership capital represented by the Partnership Interest differs from the consideration paid to
acquire and exercise the Noncompensatory Option, the Carrying Value of each Partnership asset immediately after the issuance of the Partnership Interest shall be adjusted upward or downward to reflect any unrealized gain or unrealized loss
attributable to the Partnership asset and the Capital Accounts of the Partners shall be adjusted in a manner consistent with Treasury 

  
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Regulations Section 1.704-1(b)(2)(iv)(s); and provided further, however, that adjustments pursuant to clause (i) and
clause (ii) of this sentence (or clause (iv) of this sentence in the event of the issuance of a Noncompensatory Option to acquire a de minimis Interest in the Partnership) shall be made only if the General Partner reasonably
determines that the adjustments are necessary or appropriate to reflect the relative economic interests of the Partners in the Partnership. If any Noncompensatory Options are outstanding upon the occurrence of an event described in this paragraph
(b)(i) through (b)(v), the Partnership shall adjust the Carrying Values of its Properties in accordance with Treasury Regulations Sections 1.704-1(b)(2)(iv)(f)(1) and
1.704-1(b)(2)(iv)(h)(2); 
 (c) The Carrying Value of any asset distributed to any Partner
will be adjusted to equal the gross fair market value of the asset on the date of distribution as determined by the General Partner; and 

(d) The Carrying Value of each Partnership asset will be increased (or decreased) to reflect any adjustments to the adjusted basis of
the asset pursuant to Code Sections 734(b) (including pursuant to Treasury Regulations Section 1.734-2(b)(1)), but only to the extent that the adjustments are taken into account in determining Capital Accounts pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(m) and subparagraph (c) of the definition of “Gain” and “Loss”; provided, however, that Carrying Values will not be
adjusted pursuant to this subparagraph (d) to the extent that an adjustment pursuant to subparagraph (b) is required in connection with a transaction that would otherwise result in an adjustment pursuant to this subparagraph (d). 

If the Carrying Value of an asset has been determined or adjusted pursuant to subparagraph (a), (b), or (d), that Carrying Value will
thereafter be adjusted by the Depreciation taken into account with respect to the asset, for purposes of computing Net Operating Income and Net Operating Loss. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. Any and all references to specific
provisions of the Code are deemed to refer to any corresponding provisions of succeeding law. 
 “Commences Commercial
Service” has the meaning set forth in the First Amended and Restated Agreement of Limited Partnership of Dominion Midstream Partners, LP. 

“Common Limited Partner” means (i) Dominion Gas Projects (unless it has ceased to be a Common Limited Partner)
(ii) DCPI, and (iii) any Person who has become a Common Limited Partner pursuant to the terms of this Agreement and has not ceased to be a Common Limited Partner. 

“Common LP Interests” means the common limited partner interests of the Partnership having the rights, powers,
preferences and designations set forth herein. 
 “Common LP Percentage Interest” means with respect to each Common
Limited Partner for any Fiscal Year, a fraction (expressed as a percentage) (i) the numerator of which is the average monthly balance of the Common Limited Partner’s aggregate Capital Contributions during such Fiscal Year and (ii) the
denominator of which is the average monthly balance of the 

  
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aggregate Capital Contributions of all Common Limited Partners during such Fiscal Year. The General Partner shall employ such conventions and methodologies as it deems reasonable in
computing the average monthly balance of the Common Limited Partners’ aggregate Capital Contributions for purposes of this definition of “Common LP Percentage Interest”; provided that (i) the aggregate Capital Contributions of
DCPI as of the Effective Date shall be deemed to equal its Capital Account as of the Initial Effective Date and (ii) any Capital Contributions made during a month shall be deemed to be made at the mid-point of such month. 

“Contribution Agreement” means that certain Contribution Agreement dated as of October 10, 2014 by and among,
MLP, CP Holding, Dominion MLP Holding Company, LLC, the Partnership, DCPI, Dominion Gas Projects and Dominion Midstream GP, LLC. 

“CP Holding” has the meaning set forth in the introduction to this Agreement. 

“Delaware Act” means the Delaware Revised Uniform Limited Partnership Act, 6 Del. Code § 17-101 et seq., as
amended from time to time. 
 “DCPI” has the meaning set forth in the introduction to this Agreement. 

“Depreciation” means, for each Fiscal Year, an amount equal to the depreciation, amortization or other cost recovery
deduction allowable for federal income tax purposes with respect to an asset for the Fiscal Year as determined by the General Partner; provided that if the Carrying Value of an asset differs from its adjusted basis for federal income tax
purposes at the beginning of the Fiscal Year or other period, Depreciation for the Fiscal Year or other period shall equal to the amount of book basis recovered for the Fiscal Year or other period under the rules prescribed by Treasury Regulations Section 1.704-3(d)(2) and provided, further, that if the federal income tax depreciation, amortization or other cost recovery deduction for the Fiscal Year or other period is zero, Depreciation
shall be determined with reference to the beginning Carrying Value using any reasonable method selected by the General Partner. 

“Disposition” means the sale, exchange, extinguishment, cancellation, retirement, repayment, redemption, termination,
lapse, transfer or other similar disposition of all or any portion of the Partnership’s assets, including with respect to any asset that is repaid, redeemed or otherwise retired in whole or in part in accordance with its terms, any payment of
principal, other invested capital and capital appreciation with respect thereto; provided that “Disposition” shall not include any tax-free exchange under the Code. 

“Dominion Gas Projects” has the meaning set forth in the introduction to this Agreement. 

“Effective Date” has the meaning set forth in the introduction to this Agreement. 

“Final Determination” means the final resolution: (a) by execution of Internal Revenue Service Form 870, 870-AD,
870-P, or 870-LP (or any successor forms thereto), except that a Form 870, 870-AD, 870-P, 870-LP or comparable form that reserves (whether by its terms or by operation of law) the right of the taxpayer to file a claim for refund and/or the right of
a taxing authority to assert a further deficiency shall not constitute a Final Determination; (b) by judgment which has become final and unappealable; (c) by a closing agreement or accepted offer

  
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in compromise under Section 7121 or 7122 of the Code, or agreements having the same effect under the Tax laws of other jurisdictions; or (d) by any allowance or disallowance of a refund
or credit in respect of an overpayment of Tax as set forth in Section 1313(a) of the Code or by any other final disposition, including by reason of the expiration of the applicable statute of limitations or by mutual agreement of the parties.

 “Fiscal Quarter” means (i) the period commencing on (and including) the Initial Effective Date
and ending on (and including) December 31, 2014, (ii) any subsequent three-month period commencing on (and including) any January 1, April 1, July 1, or October 1 and ending on (and including) the last day in
March, June, September, and December, respectively, and (iii) in the case of the final Fiscal Quarter, the period commencing on (and including) the day after the last day of the prior Fiscal Quarter and ending on (and including) the date on
which all assets of the partnership are distributed to the Partners pursuant to Section 9.2.  
 “Fiscal
Year” means (i) the period commencing on the Initial Effective Date and ending on December 31, 2014, (ii) any subsequent twelve-month period commencing on January 1 and ending on December 31, and (iii) the
period commencing on the immediately preceding January 1 and ending on the date on which all assets of the partnership are distributed to the Partners pursuant to Section 9.2. 

“Gain” and “Loss” mean, for each Fiscal Year, an amount equal to the Partnership’s items
of taxable gain or loss from the Disposition of partnership assets for the Fiscal Year, determined in accordance with Code Section 703(a)(1) and including items required to be separately stated, with the following adjustments: 

(a) in the event the Carrying Value of any Partnership asset is adjusted in accordance with paragraph (b) or paragraph (c) of
the definition of “Carrying Value,” the amount of the adjustment will be taken into account as gain (if the adjustment increases the Carrying Value of the Partnership asset) or loss (if the adjustment decreases the Carrying Value of the
Partnership asset) from the Disposition of the asset; 
 (b) gain or loss resulting from any Disposition of a Partnership asset with
respect to which gain or loss is recognized for federal income tax purposes will be computed by reference to the Carrying Value of the asset disposed of, notwithstanding that the adjusted tax basis of the asset differs from its Carrying Value; 

(c) to the extent an adjustment to the adjusted tax basis of any asset pursuant to Code Section 734(b) (including pursuant to
Treasury Regulations Section 1.734-2(b)(i)) is required, pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Account balances as a result
of a distribution other than in liquidation of a Partner’s Interest in the Partnership, the amount of the adjustment will be treated as an item of gain (if the adjustment increases the basis of the asset) or an item of loss (if the adjustment
decreases the basis) from the Disposition of the asset; and 
 (d) the Gross Liability Value of each liability of the Partnership
described in Treasury Regulations Section 1.752-7(b)(3)(i) will be adjusted at such times as are provided in this Agreement for an adjustment to the Carrying Values of the Partnership’s assets. The amount

  
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of any adjustment will be treated as an item of loss (if the adjustment increases the Gross Liability Value of the liability) or an item of gain (if the adjustment decreases the Gross Liability
Value of the liability). 
 “General Partner” means (i) CP Holding and (ii) any Person who has become a
substituted General Partner pursuant to the terms of this Agreement and has not ceased to be a General Partner. 
 “GP
Interest” means the general partner interest of the Partnership having the rights, powers, preferences and designations set forth herein. 

“Gross Liability Value” means, with respect to any liability of the Partnership described in Treasury
Regulations Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume the liability in an arm’s-length transaction. 

“Initial Assets” means the assets of the Partnership placed in service as of the Initial Effective Date
and any capital expenditures incurred by the Partnership with respect to these assets. 
 “Initial Effective
Date” has the meaning set forth in Recital B of this Agreement. 
 “Interest”
means, with respect to any Partner, the interest of the Partner in the Partnership at any particular time, including the rights and obligations of the Partner as provided in this Agreement and the Delaware Act. 

“Limited Partner” means any Person who is a Preferred Limited Partner or a Common Limited Partner.
“Limited Partners” mean all Preferred Limited Partners and Common Limited Partners. 

“Limited Partner Interests” means the Common LP Interests and the Preferred LP Interests. 

“Liquefaction Project” means the natural gas export/liquefaction facility currently under development by the
Partnership. 
 “Liquidation Date” means (a) in the case of an event giving rise to the
dissolution of the Partnership of the type described in Section 9.1(b), the date on which the applicable time period during which the Partners have the right to elect to continue the business of the Partnership has expired without such an
election being made and (b) in the case of any other event giving rise to the dissolution of the Partnership, the date on which such event occurs. 

“MLP” has the meaning set forth in Recital E of this Agreement. 

“Modified Net Operating Income” means, for each Fiscal Year, an amount equal to the sum of (i) the
Net Operating Income, if any, for the Fiscal Year plus (ii) the amount of interest expense of the Partnership included in the computation of the Net Operating Income. 

  
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 “Net Operating Income” and “Net Operating Loss”
mean, for each Fiscal Year, an amount equal to the Partnership’s items of taxable income or loss for the Fiscal Year, determined in accordance with Code Section 703(a)(1) and including items required to be separately stated, with the
following adjustments: 
 (a) any income of the Partnership that is exempt from federal income tax and not otherwise taken into
account as an item of Net Operating Income or Net Operating Loss pursuant to this definition will be added to taxable income or loss; 

(b) any expenditures of the Partnership described in Code Section 705(a)(2)(B) or treated as Code Section 705(a)(2)(B)
expenditures pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(i), and not otherwise taken into account as an item of Net Operating Income or Net Operating Loss pursuant to this definition, will
be subtracted from taxable income or loss; 
 (c) taxable gain or loss resulting from any Disposition of a Partnership asset will not
be taken into account in determining Net Operating Income or Net Operating Loss; 
 (d) depreciation, amortization and other cost
recovery deductions taken into account in computing taxable income or loss will not be taken into account in determining Net Operating Income or Net Operating Loss; and 

(e) any items allocated pursuant to Section 5.3 or 5.4 will not be considered in determining Net Operating Income and Net
Operating Loss. 
 “Net Termination Gain” means for any Fiscal Year, the sum, if positive, of
(a) all Net Operating Income or Net Operating Loss recognized by the Partnership after the Liquidation Date and (b) any Gain or Loss recognized by the Partnership upon the sale, exchange or other disposition of all or substantially all of
the assets of the Partnership, taken as a whole, in a single transaction or a series of related transaction; provided, however, that the items included in the determination of Net
Termination Gain shall not include any Regulatory Allocations and items of income, gain or loss specially allocated pursuant to Section 5.4. 

“Net Termination Loss” means for any Fiscal Year, the sum, if negative, of (a) all Net Operating
Income or Net Operating Loss recognized by the Partnership after the Liquidation Date and (b) any Gain or Loss recognized by the Partnership upon the sale, exchange or other disposition of all or substantially all of the assets of the
Partnership, taken as a whole, in a single transaction or a series of related transaction; provided, however, that the items included in the determination of Net Termination Loss
shall not include any Regulatory Allocations and items of income, gain or loss specially allocated pursuant to Section 5.4. 

“Newly Acquired Assets” means the assets of the Partnership other than the Initial Assets. 

“Noncompensatory Option” has the meaning set forth in Treasury Regulations Section 1.721-2(f). 

“Nonrecourse Deductions” has the meaning assigned to that term in Treasury Regulations
Section 1.704-2(b). 

  
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 “Partner” any Person who is a General Partner or a Limited Partner.
“Partners” mean the General Partner and the Limited Partners 
 “Partner Nonrecourse Debt”
has the meaning set forth in Treasury Regulations Section 1.704-2(b)(4). 
 “Partner
Nonrecourse Debt Minimum Gain” has the meaning set forth in Treasury Regulations Section 1.704-2(i)(2). 

“Partner Nonrecourse Deductions” has the meaning set forth in Treasury Regulations Section 1.704-2(i). 
 “Partnership” means Dominion Cove Point LNG, LP, as the partnership
may from time to time be constituted. 
 “Partnership Expenses” has the meaning set forth in Section 3.3. 

“Partnership Minimum Gain” has the meaning set forth in Treasury Regulations Section
1.704-2(d). 
 “Person” means any individual, partnership, corporation,
limited liability company, trust or other entity. 
 “Preferred Limited Partner” means (i) CP Holding (unless
it has ceased to be a Preferred Limited Partner) and (ii) thereafter, any Person who has become a Preferred Limited Partner pursuant to the terms of this Agreement and has not ceased to be a Preferred Limited Partner. 

“Preferred LP Interests” means the preferred limited partner interests of the Partnership having the rights, powers,
preferences and designations set forth herein. 
 “Preferred Return” means, with respect to any Preferred Limited
Partner, the return that will accrue during each Fiscal Quarter or portion thereof (computed using the actual number of days elapsed over a 360-day year) on the amount of the Preferred Limited Partner’s Preferred Return Capital during the
Fiscal Quarter, at a rate per annum equal to 3.80%; provided that the Preferred Return shall be zero with respect to any Fiscal Quarter for which the General Partner determines pursuant to Section 6.1 that no distribution of Preferred
Return will be made by the Partnership with respect to that Fiscal Quarter; and provided, further, that the amount of the Preferred Return for any Fiscal Quarter will not exceed the amount that may be distributed with respect to the
Fiscal Quarter pursuant to the proviso set forth in Section 6.1(a). 
 “Preferred Return Capital” means, with
respect to any Preferred Limited Partner, an amount equal to the product of (i) the number of Preferred LP Interests held by the Preferred Limited Partner times (ii) $1.00. 

“Pro Rata” means (a) when modifying Preferred LP Interests, apportioned equally among all Preferred LP Interests,
and (b) when modifying Common LP Interests, apportioned among the holders of the Common LP Interests in accordance with their respective Common LP Percentage Interests. 

  
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 “Second Amended LP Agreement” has the meaning set forth in Recital B of
this Agreement. 
 “Sharing Ratio” means, as determined on the Initial Effective Date and based on the value of the
Partnership assets determined in the Third Party Appraisal, (i) with respect to the Initial Assets, 33% to the Preferred LP Interests as a class, and 67% to the Common LP Interests as a class, and (ii) with respect to the Newly Acquired
Assets, 1% to the Preferred LP Interests as a class, and 99% to the Common LP Interests as a class; provided, that, in the event there is a Final Determination with respect to the initial Carrying Value of the Partnership assets that differs
from the value of such assets as determined in the Third Party Appraisal, the Sharing Ratios shall be redetermined at such time to provide the holders of the Preferred LP Interests a cumulative amount of Depreciation for (i) the Fiscal Year in
which the Final Determination Date occurs and all subsequent Fiscal Years and (ii) if the Final Determination occurs on or before the date (not including any extension of time prescribed by Applicable Law) for the filing of the
Partnership’s federal income tax return for the Fiscal Year immediately prior to the Fiscal Year in which the Final Determination Date occurs, such prior Fiscal Year, equal to (a) the expected cumulative amount of Depreciation to be
allocated to the holders of the Preferred LP Interests as set forth in Schedule A, less (b) the cumulative amount of Depreciation previously allocated to the holders of the Preferred LP Interests for all prior Fiscal Years (taking into
account any adjustment as a result of such Final Determination). 
 “Tax Matters Partner” has the meaning set forth
in Section 3.8(b). 
 “Third Amended LP Agreement” has the meaning set forth in Recital G of this Agreement. 

“Third Party Appraisal” means the appraisal of the assets of the Partnership dated as of October 1, 2014,
performed by Duff & Phelps, LLC, an independent, third-party appraiser. 
 “Treasury Regulation” means the
applicable Income Tax Regulations, including Temporary Regulations, promulgated under the Code. Any and all references herein to a specific provision of a Treasury Regulation shall be deemed to refer to any corresponding successor provision. 

“Transfer” means a sale, exchange, transfer, assignment, pledge, hypothecation or other disposition of all or any
portion of an Interest to another Person. When used as a verb, the term “Transfer” shall have a correlative meaning. 

“U.S. GAAP” means accounting principles generally accepted in the United States. 

ARTICLE II 
 GENERAL
PROVISIONS 
 2.1. Continuation. The Partners hereby continue the Partnership as a limited partnership under and pursuant to the
provisions of the Delaware Act. 
 2.2. Partnership Name. The name of the Partnership is Dominion Cove Point LNG, LP. The General
Partner may from time to time change the name of the Partnership and adopt 

  
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one or more fictitious names for use by the Partnership. The words “Limited Partnership,” “LP” or similar words or letters will be included in the Partnership’s name when
necessary for the purposes of complying with the laws of any jurisdiction that so requires. 
 2.3. Office: Registered Agent. 

(a) The Partnership will maintain a registered office in Delaware at 1209 Orange Street, Wilmington, New Castle County, Delaware 19801,
and the name of the Partnership’s registered agent in Delaware at that address is The Corporation Trust Company. Such office and the agent may be changed from time to time by the General Partner. 

(b) The current business address of the Partnership is 120 Tredegar Street, Richmond, Virginia 23219. The business address of the
Partnership may be changed by the General Partner from time to time in its sole discretion. The General Partner shall give notice to the other Partners of any such change. 

2.4. Term. The Partnership commenced on the date the Certificate of Limited Partnership was filed and shall continue in existence until
an election by the General Partner to dissolve the Partnership. 
 2.5. Purpose of the Partnership. The purpose and business of the
Partnership will be any business which lawfully may be conducted by a limited partnership formed pursuant to the Delaware Act, including primarily, but without limitation, to own, maintain, operate, improve and dispose of the Initial Assets, to
pursue, finance, develop, construct, own, operate, and dispose of the Newly Acquired Assets and to do the same with respect to any additional facilities, and to conduct any other lawful business (together with such incidental and other activities
related to or arising from the foregoing) as the General Partner, from time to time, deems necessary or appropriate to promote and maintain the assets and businesses of the Partnership, subject to Applicable Law. 

ARTICLE III 
 MANAGEMENT
AND OPERATIONS OF THE PARTNERSHIP 
 3.1. Management Generally. Subject to any limitation set forth herein, the management and
control of the Partnership is vested exclusively in the General Partner. The Limited Partners will have no part in the management or control of the Partnership and will have no authority or right to act on behalf of the Partnership in connection
with any matter. 
 3.2. Authority of the General Partner. The General Partner will have all rights and powers that may be possessed
by a general partner under the Delaware Act. 
 3.3. Approval Required for Certain Action. The General Partner shall not cause the
Partnership to, and the Partnership shall not, take any of the following actions without the approval or consent of all Limited Partners (which consent may be made categorically or by policy): 

(a) effecting any merger or consolidation involving the Partnership; 

  
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 (b) effecting any sale or exchange of all or substantially all of Partnership’s
assets; 
 (c) dissolving or liquidating the Partnership; 

(d) creating or causing to exist any consensual restriction on the ability of the Partnership or its subsidiaries to make
distributions, pay any indebtedness, make loans or advances or transfer assets to its Limited Partners or their subsidiaries; 
 (e)
settling or compromising any claim, dispute or litigation directly against, or otherwise relating to indemnification by the Partnership of, any of the directors or officers of the General Partner; or 

(f) issuing additional Interests. 

3.4. Expenses. Except as otherwise provided in this Agreement or any agreement for the operation or management of the
Partnership’s property, the Partnership shall be responsible for and shall pay all Partnership Expenses out of funds of the Partnership determined by the General Partner to be available for that purpose. As used herein, the term
“Partnership Expenses” means all expenses or obligations of the Partnership or otherwise incurred by the General Partner in connection with the exercise of its rights or powers or performance of its obligations under this
Agreement, including without limitation: 
 (a) all costs and expenses related to conducting the business of the Partnership; 

(b) all administrative expenses of the Partnership, including the maintenance of books and records of the Partnership, the preparation
and dispatch to the Partners of financial reports, tax returns and notices required pursuant to this Agreement and the holding of meetings of the Partners (or their representatives); 

(c) all expenses incurred in connection with the registration, qualification or exemption of the Partnership under any applicable
federal, state, local or foreign law; 
 (d) all expenses incurred in connection with any indebtedness or guarantees of the
Partnership or any proposed or definitive credit facility or other credit arrangement (including any line of credit, loan commitment or letter of credit for the Partnership or related to any Partnership assets); 

(e) all compensation and employee benefits of officers and employees of the Partnership; 

(f) all expenses incurred in connection with any litigation involving the Partnership (including the cost of any investigation and
preparation) and the amount of any judgment or settlement paid in connection therewith; 
 (g) all expenses for indemnity or
contribution payable by the Partnership to any Person, whether payable under Article VIII or otherwise; 

  
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 (h) all expenses incurred in connection with the collection of amounts due to the
Partnership from any Person; 
 (i) all expenses incurred in connection with the preparation of amendments to this Agreement and the
admission of additional partners; and 
 (j) all expenses incurred in connection with the dissolution and liquidation of the
Partnership. 
 3.5. Transactions with Affiliates. The General Partner, when acting on behalf of the Partnership, is hereby
authorized to purchase property, securities, options or other assets from, sell property, securities, options or other assets to, borrow funds from, or otherwise deal with, or retain the services of, any Partner (acting other than in its capacity as
a Partner of the Partnership) or any Affiliate of the Partner. 
 3.6. Books and Records: Accounting. 

(a) The General Partner shall keep or cause to be kept at the Partnership’s principal business address (or at such other place as
the General Partner shall determine) full and accurate books and records of the Partnership. Such books and records shall be available for inspection and copying at reasonable times during business hours by any Partner or its duly authorized agent
or representative for a purpose reasonably related to its interest as a Partner. 
 (b) In addition to the books and records
maintained for tax purposes, the Partnership shall keep books of account in accordance with U.S. GAAP. 
 3.7. Removal. The General
Partner may be removed or replaced only with the written consent of Limited Partners holding a majority of the Common LP Interests and Preferred LP Interests. 

3.8. Partnership Tax Returns. 

(a) The General Partner shall cause to be prepared and timely filed all tax returns required to be filed for the Partnership. The
General Partner may, in its discretion, make, or refrain from making, any federal, state or local income or other tax elections for the Partnership that it deems necessary or advisable; provided that the General Partner shall make an election
under Section 754 of the Code with the tax return for its first Fiscal Year. 
 (b) The General Partner is hereby designated as
the Partnership’s “Tax Matters Partner” under Code Section 6231(a)(7) and shall have all of the powers and responsibilities of the position as provided in the Code. The Tax Matters Partner is specifically directed and authorized
to take whatever steps the Tax Matters Partner, in its discretion, deems necessary or desirable to perfect the designation, including filing any forms or documents with the Internal Revenue Service and taking such other action as may from time to
time be required under the Treasury Regulations. Expenses incurred by the Tax Matters Partner, in its capacity as such, will be Partnership Expenses. 

  
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 ARTICLE IV 

CAPITAL CONTRIBUTIONS; CLASSES OF INTERESTS 

4.1. Generally. Except as expressly provided in this Agreement, the Contribution Agreement, or with the prior written consent of all of
the Partners, no Partner shall be required to make Capital Contributions to the Partnership. 
 4.2. Permitted Capital
Contributions by Dominion Gas Projects. Notwithstanding the provisions of Section 4.1, Dominion Gas Projects may, but is not required to, make additional cash Capital Contributions to the Partnership in such amounts and at such times as are
requested by the General Partner; provided that the General Partner may request such additional Capital Contributions only for purposes of providing funding to the Partnership necessary for the development of the Liquefaction Project and
other capital projects. 
 4.3. Admission of Dominion Gas Projects. Simultaneously with the execution of this Agreement, Dominion Gas
Projects is admitted as a Limited Partner holding Common LP Interests. 
 4.4. Classes of Interests. The Interests of the Partnership
consist of the GP Interest, which is a noneconomic general partner interest, 1,316,075,805 Preferred LP Interests and the Common LP Interests, each having the rights, powers, preferences and designations set forth in this Agreement. As of the
Effective Date, (i) CP Holding holds the GP Interest and all of the Preferred LP Interests and (ii) Dominion Gas Projects and DCPI hold all of the Common LP Interests. 

ARTICLE V 
 ALLOCATIONS

 5.1. Net Operating Income. 

After giving effect to the special allocations set forth in Section 5.3 and Section 5.4, Net Operating Income for any Fiscal Year
will be allocated to the Partners in the following order and priority: 
 (a) First, 100% to the holders of the Preferred LP
Interests, Pro Rata, until each Preferred Limited Partner has been allocated an amount equal to the excess, if any, of (i) the cumulative Preferred Return distributed to the Preferred Limited Partner in respect of the Fiscal Year and all prior
Fiscal Years, over (ii) the cumulative Net Operating Income allocated to the Preferred Limited Partner pursuant to this Section 5.1(a) for all prior Fiscal Years; 

(b) Second, 100% to General Partner until the General Partner has been allocated an amount equal to the excess, if any, of (i) the
absolute value of cumulative Net Operating Losses allocated to the General Partner pursuant to Section 5.2(c) for all prior Fiscal Years, over (ii) the cumulative Net Operating Income allocated to the General Partner pursuant to this
Section 5.1(b) for all prior Fiscal Years; 
 (c) Third, 100% to the holders of the Preferred LP Interests, Pro Rata, until each
Preferred Limited Partner has been allocated an amount equal to the excess, if any, of (i) the 

  
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absolute value of cumulative Net Operating Losses allocated to the Preferred Limited Partner pursuant to Section 5.2(b) for all prior Fiscal Years, over (ii) the cumulative Net
Operating Income allocated to the Preferred Limited Partner pursuant to this Section 5.1(c) for all prior Fiscal Years; 
 (d)
Fourth, 100% to the holders of the Common LP Interests, Pro Rata, until each Common Limited Partner has been allocated an amount equal to the excess, if any, of (i) the absolute value of cumulative Net Operating Losses allocated to the
Common Limited Partner pursuant to Section 5.2(a) for all prior Fiscal Years, over (ii) the cumulative Net Operating Income allocated to the Common Limited Partner pursuant to this Section 5.1(d) for all prior Fiscal Years; 

(e) Fifth, 100% to the holders of the Preferred LP Interests, Pro Rata, until each Preferred Limited Partner has been allocated an
amount equal to the product of (i) 3% times (ii) the excess, if any, of (x) the Modified Net Operating Income for the Fiscal Year over (y) $600,000,000; and 

(f) Sixth, the balance, if any, 100% to the holders of the Common LP Interests, Pro Rata. 

5.2. Net Operating Loss. 

After giving effect to the special allocations set forth in Section 5.3 and Section 5.4, Net Operating Loss for any Fiscal Year will
be allocated to the Partners in the following order and priority: 
 (a) First, 100% to the holders of the Common LP Interests, Pro
Rata, until the Adjusted Capital Account of each Common Limited Partner is equal to zero; 
 (b) Second, 100% to the holders of the
Preferred LP Interests, Pro Rata, until the Adjusted Capital Account of each Preferred Limited Partner is equal to zero; and 
 (c)
Third, the balance, if any, to the General Partner. 
 5.3. Special Allocations. The following special allocations shall be made
in the following order: 
 (a) Minimum Gain Chargeback. Except as otherwise provided in Treasury Regulations Section 1.704-2(f), notwithstanding any other provision of this Article V, if there is a net decrease in Partnership Minimum Gain during any Fiscal Year, each Partner will be allocated items of Partnership
income and gain for the Fiscal Year (and, if necessary, subsequent Fiscal Years) in an amount equal to the Partner’s share of the net decrease in Partnership Minimum Gain, determined in accordance with Treasury Regulations Section 1.704-2(g). Allocations pursuant to the previous sentence will be made in proportion to the respective amounts required to be allocated to each Partner pursuant thereto. The items to be so allocated
shall be determined in accordance with Treasury Regulations Sections 1.704-2(f)(6) and 1.704-2(j)(2). This Section 5.3(a) is intended to comply with the
minimum gain chargeback requirement in Treasury Regulations Section 1.704-2(f) and will be interpreted consistently therewith. 

  
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 (b) Partner Minimum Gain Chargeback. Except as otherwise provided in Treasury Regulations Section 1.704-2(i)(4), notwithstanding any other provision of this Article V, if there is a net decrease in Partner Nonrecourse Debt Minimum Gain attributable to a Partner Nonrecourse Debt during any
Fiscal Year, each Partner who has a share of the Partner Nonrecourse Debt Minimum Gain attributable to that Partner Nonrecourse Debt, determined in accordance with Treasury Regulations
Section 1.704-2(i)(5), will be allocated items of Partnership income and gain for the Fiscal Year (and, if necessary, subsequent Fiscal Years) in an amount equal to the Partner’s share of the net
decrease in Partner Nonrecourse Debt Minimum Gain attributable to the Partner Nonrecourse Debt, determined in accordance with Treasury Regulations Section 1.704-2(i)(4). Allocations pursuant to the
previous sentence will be made in proportion to the respective amounts required to be allocated to each Partner pursuant thereto. The items to be so allocated will be determined in accordance with Treasury Regulations
Sections 1.704-2(i)(4) and 1.704-2(j)(2). This Section 5.3(b) is intended to comply with the minimum gain chargeback requirement in Treasury Regulations Section 1.704-2(i)(4) and will be interpreted consistently therewith. 
 (c) Qualified Income
Offset. In the event that any Partner unexpectedly receives any adjustments, allocations, or distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4),
1.704-1(b)(2)(ii)(d)(5) or 1.704-1(b)(2)(ii)(d)(6), items of Partnership income and gain will be allocated to the Partner in an amount and manner sufficient to
eliminate, to the extent required by the Treasury Regulations, the Adjusted Capital Account Deficit of the Partner as quickly as possible; provided that an allocation pursuant to this Section 5.3(c) will be made only if and to the extent
that the Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V have been tentatively made as if this Section 5.3(c) were not in this Agreement. 

(d) Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Fiscal Year, each
such Partner shall be allocated items of Partnership income and gain in the amount of the deficit as quickly as possible; provided that an allocation pursuant to this Section 5.3(d) will be made only if and to the extent that the Partner
would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V have been tentatively made as if Section 5.3(c) and this Section 5.3(d) were not in this Agreement. 

(e) Nonrecourse Deductions. Nonrecourse Deductions for any Fiscal Year will be allocated to the holders of the
Common LP Interests and the holders of the Preferred LP Interests, each as a class, in proportion to how all prior Depreciation that did not constitute Nonrecourse Deductions was allocated to each class pursuant to Section 5.3(h), and the
portion so allocated to the Common LP Interests will be allocated Pro Rata and the portion so allocated to the Preferred LP Interests will be allocated Pro Rata. 

(f) Partner Nonrecourse Deductions. Any Partner Nonrecourse Deductions for any Fiscal Year will be allocated to the Partner who bears
the economic risk of loss with respect to the Partner Nonrecourse Debt to which the Partner Nonrecourse Deductions are attributable in accordance with Treasury Regulations Section 1.704-2(i)(1). 

  
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 (g) Section 754 Adjustments. To the extent an adjustment to the adjusted tax basis of
any Partnership asset, pursuant to Code Section 734(b) (including pursuant to Treasury Regulations Section 1.734-2(b)(1)) is required, pursuant to Treasury Regulations
Section 1.704-1(b)(2)(iv)(m)(2) or 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Partner in
complete liquidation of the Partner’s interest in the Partnership, the amount of the adjustment to Capital Accounts will be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases the
basis) and the gain or loss will be allocated to the Partners in proportion to their interests in the Partnership in the event Treasury Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the
Partner to whom the distribution was made in the event Treasury Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies. 

(h) Depreciation. Depreciation will be allocated as follows: 

(i) All items of Depreciation with respect to the Initial Assets will be allocated to the holders of the Common LP Interests and the
holders of the Preferred LP Interests based on their respective Sharing Ratio, and the portion so allocated to the Common LP Interests will be allocated Pro Rata and the portion so allocated to the Preferred LP Interests will be allocated Pro Rata;
and 
 (ii) All items of Depreciation with respect to the Newly Acquired Assets will be allocated to the holders of the Common LP
Interests and the holders of the Preferred LP Interests based on their respective Sharing Ratio, and the portion so allocated to the Common LP Interests will be allocated Pro Rata and the portion so allocated to the Preferred LP Interests will be
allocated Pro Rata. 
 (i) Gains from Disposition of Initial Assets. Prior to the Liquidation Date, in the event that, in any Fiscal
Year, the Partnership realizes, or is deemed to realize, Gain from the Disposition or adjustment to the Carrying Value of any Initial Asset, the Gain will be allocated as follows: 

(i) First, 100% to the holders of the Preferred LP Interests, Pro Rata, until each Preferred Limited Partner has been allocated an
amount equal to the excess, if any, of (i) the sum of (x) cumulative amount of Depreciation allocated to the Preferred Limited Partner pursuant to Section 5.3(h)(i) for the current and all prior Fiscal Years plus (y) the
cumulative amount of Loss allocated to the Preferred Limited Partner pursuant to Section 5.3(k)(i) for the current and all prior Fiscal Years, over (ii) the cumulative amount of Gain, if any, allocated to the Preferred Limited Partner
pursuant to this Section 5.3(i)(i) for all prior Fiscal Years; and 
 (ii) Second, 100% to the holders of the Common LP
Interests, Pro Rata. 

  
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 (j) Gains from Disposition of Newly Acquired Assets. Prior to the Liquidation Date, in the
event that, in any Fiscal Year, the Partnership realizes, or is deemed to realize, Gain from the Disposition or adjustment to the Carrying Value of any Newly Acquired Asset, the Gain will be allocated as follows: 

(i) First, 100% to the holders of the Preferred LP Interests, Pro Rata, until each Preferred Limited Partner has been allocated an
amount equal to the excess, if any, of (i) the sum of (x) cumulative amount of Depreciation allocated to the Preferred Limited Partner pursuant to Section 5.3(h)(ii) for the current and all prior Fiscal Years plus (y) the
cumulative amount of Loss allocated to the Preferred Limited Partner pursuant to Section 5.3(k)(ii) for the current and all prior Fiscal Years, over (ii) the cumulative amount of Gain, if any, allocated to the Preferred Limited Partner
pursuant to this Section 5.3(j)(i) for all prior Fiscal Years; and 
 (ii) Second, 100% to the holders of the Common LP
Interests, Pro Rata. 
 (k) Loss from Disposition of Partnership Assets. Prior to the Liquidation Date, Loss of the Partnership will
be allocated as follows: 
 (i) In the event that, in any Fiscal Year, the Partnership realizes, or is deemed to realize, Loss from
the Disposition or adjustment to the Carrying Value of any Initial Asset, the Loss will be allocated to the holders of the Common LP Interests and to holders of the Preferred LP Interests based on their respective Sharing Ratio, and the portion so
allocated to the Common LP Interests will be allocated Pro Rata and the portion of Loss so allocated to the Preferred LP Interests will be allocated Pro Rata. 

(ii) In the event that, in any Fiscal Year, the Partnership realizes, or is deemed to realize, Loss from the Disposition or adjustment
to the Carrying Value of any Newly Acquired Asset, the Loss will be allocated to the holders of the Common LP Interests and the holders of the Preferred LP Interests based on their respective Sharing Ratio, and the portion of Loss so allocated to
the Common LP Interests will be allocated Pro Rata and the portion of Loss so allocated to the Preferred LP Interests will be allocated Pro Rata. 

(l) Net Termination Gains or Losses. After given effect to the Regulatory Allocations and the special allocations set forth in
Section 5.4, Net Termination Gain or Net Termination Loss (including a pro rata part of each item of income, gain, loss and deduction taken into account in computing Net Termination Gain or Net Termination Loss) for any Fiscal Year shall be
allocated pursuant to this Section 5.3(l). 
 (i) Net Termination Gain, including a pro rata part of each item of income, gain,
loss and deduction taken into account in computing Net Termination Gain, shall be allocated: 
 (A) First, 100% to the holders of
the Preferred LP Interests, Pro Rata, until each Preferred Limited Partner has been allocated an amount equal to the excess, if any, of (i) the sum of (x) cumulative amount of Depreciation allocated to the Preferred Limited Partner
pursuant to Section 5.3(h) for the current and all prior Fiscal Years plus (y) the cumulative amount of Losses allocated to the Preferred Limited Partner pursuant to 

  
 19 

 
Section 5.3(k) for the current and all prior Fiscal Years plus (z) any Net Operating Loss allocated to the Preferred Limited Partner pursuant to Section 5.2, over
(ii) the sum of (x) the cumulative amount of Gain, if any, allocated to the Preferred Limited Partner pursuant to Section 5.3(i) and Section 5.3(j) for all prior Fiscal Years plus (y) the cumulative amount of Net
Operating Income allocated to the Preferred Limited Partner pursuant to Section 5.1(c) for all prior Fiscal Years; and 
 (B)
Second, the balance, if any, 100% to the holders of the Common LP Interests, Pro Rata. 
 (ii) Net Termination Loss, including a
pro rata part of each item of income, gain, loss and deduction taken into account in computing Net Termination Loss, shall be allocated: 

(A) First, 100% to the holders of the Common LP Interests, Pro Rata, until the Adjusted Capital Account of each Common Limited Partner
is equal to zero; 
 (B) Second, 100% to the holders of the Preferred LP Interests, Pro Rata, until the Adjusted Capital Account of
each Preferred Limited Partner is equal to zero; and 
 (C) Third, the balance, if any, to the General Partner. 

5.4. Regulatory Allocations. The allocations set forth in Sections 5.3(a), 5.3(b), 5.3(c), 5.3(d), 5.3(e), 5.3(f) and 5.3(g) (the
“Regulatory Allocations”) are intended to comply with certain requirements of the Treasury Regulations. It is the intent of the Partners that, to the extent possible, the Regulatory Allocations will be offset
either with special allocations of other items of Partnership income, gain, loss, or deduction pursuant to this Section 5.4. Therefore, notwithstanding any other provision of this Article V (other than the Regulatory Allocations), special
allocations of Partnership income, gain, loss, or deduction will be made so that, after the offsetting allocations are made, each Partner’s Capital Account balance is, to the extent possible, equal to the Capital Account balance the Partner
would have had if the Regulatory Allocations were not part of this Agreement and all Partnership items were allocated pursuant to Section 5.1, Section 5.2, and Section 5.3 (other than the Regulatory Allocations). In exercising its
discretion under this Section 5.4, the General Partner will take into account future Regulatory Allocations under Sections 5.3(a) and 5.3(b) that, although not yet made, are likely to offset other Regulatory Allocations previously made under
Sections 5.3(e) and 5.3(f). 
 5.5. Other Allocation Rules. 

(a) Net Operating Income, Net Operating Loss, and any other items of income, gain, loss, or deduction will be allocated to the Partners
pursuant to this Article V as of the last day of each Fiscal Year; provided that Net Operating Income, Net Operating Loss, and such other items shall also be allocated at such times as the Carrying Values of the Partnership’s assets
are adjusted pursuant to subparagraph (b) of the definition of “Carrying Value” in Section 1.1. 

  
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 (b) For purposes of determining the Net Operating Income, Net Operating Loss, or any other
items allocable to any period, Net Operating Income, Net Operating Loss and any such other items will be determined on a daily, monthly, or other basis, as determined by the General Partner using any permissible method under Code Section 706
and the Treasury Regulations thereunder. 
 5.6. Tax Allocations; Code Section 704(c). 

(a) In accordance with Code Section 704(c) and the Treasury Regulations thereunder, income, gain, loss, and deduction with respect
to any asset contributed to the capital of the Partnership will, solely for tax purposes, be allocated among the Partners so as to take account of any variation between the adjusted basis of the asset to the Partnership for federal income tax
purposes and its initial Carrying Value (computed in accordance with the definition of “Carrying Value” in Section 1.1) using the “remedial allocation method” described in Treasury Regulations
Section 1.704-3(d). 
 (b) In the event the Carrying Value of any Partnership asset is
adjusted pursuant to subparagraph (b) of the definition of Carrying Value, subsequent allocations of income, gain, loss, and deduction with respect to the asset will take account of any variation between the adjusted basis of the asset for
federal income tax purposes and its Carrying Value in the same manner as under Code Section 704(c) and the Treasury Regulations thereunder applying the “remedial allocation method” described in Treasury Regulations Section 1.704-3(d). 
 (c) Any elections or other decisions relating to allocations described
in this Section 5.6 shall be made by the General Partner in any manner that reasonably reflects the purpose and intention of this Agreement. Allocations pursuant to this Section 5.6 are solely for purposes of federal, state, and local
taxes and will not affect, or in any way be taken into account in computing, any Partner’s Capital Account or share of Net Operating Income, Net Operating Loss, other items, or distributions pursuant to any provision of this Agreement. 

ARTICLE VI 

DISTRIBUTIONS 
 6.1.
Quarterly Distributions. Except as otherwise provided in Section 6.3 or Section 9.3, quarterly distributions by the Partnership of cash will be made within 45 days of the end of the Fiscal Quarter, unless otherwise determined by the
General Partner. Any distributions of cash to the Limited Partners in respect of any Fiscal Quarter will be made as follows:  

(a) First, to the holders of the Preferred LP Interests, Pro Rata, in an amount equal to the Preferred Return for the Fiscal Quarter;
provided that any distribution made pursuant to this Section 6.1(a) may not exceed an amount equal to the excess, if any, of (i) the cumulative amount of Net Operating Income of the Partnership for the period beginning on the
Initial Effective Date and ending on the last day of the applicable Fiscal Quarter, over (ii) the cumulative amount of distributions made for all prior Fiscal Quarters pursuant to this Section 6.1(a) and Sections 6.1(b) and 6.2; and

 (b) Second, to the holders of the Common LP Interests, Pro Rata, in such amount determined by the General Partner. 

  
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 For purposes of clause (i) of Section 6.1(a), in the event Net Operating Income is being determined as
of the end of any Fiscal Quarter that is not the last day of a Fiscal Year, the General Partner shall reasonably determine the amount of the Net Operating Income for the current Fiscal Year to date as if the last day of the Fiscal Quarter was the
last day of the current Fiscal Year and in accordance with the definition of “Net Operating Income” set forth in Section 1.1. 

6.2. Annual Distribution. Except as provided in Section 9.2, within 55 days after the end of each Fiscal Year, the General Partner
shall cause the Partnership to distribute to the holders of the Preferred LP Interests, Pro Rata, an amount of cash equal to the amount of Net Operating Income allocated to the holders of the Preferred LP Interests pursuant to Section 5.1(e)
for the Fiscal Year; provided that, in the event cash is insufficient in amount to distribute to the holders of the Preferred LP Interests the full amount to which they are entitled for any Fiscal Year pursuant to this Section 6.2, the
General Partner shall cause future distributions of cash to be made to the holders of the Preferred LP Interests until any such shortfall has been eliminated prior to making any future distributions to the holders of the Common LP Interests pursuant
to Section 6.1(b). 
 6.3. Limitation on Distributions. 

(a) Notwithstanding anything in this Agreement to the contrary, the Partnership will make no distributions that are prohibited by the
Delaware Act. 
 (b) Until the Liquefaction Project Commences Commercial Service, the Partnership shall not make a distribution to
the holders of Common LP Interests until the Partnership has established a distribution reserve sufficient to pay the Preferred Return for two Fiscal Quarters. 

ARTICLE VII 
 REPORTS TO
PARTNERS 
 7.1. Reports. 

(a) All reports provided to the Partners pursuant to this Section 6.1 will be prepared on such basis as the General Partner
determines will appropriately reflect the operations and assets of the Partnership. 
 (b) Within 90 calendar days after the end of
each Fiscal Year, the General Partner, at the expense of the Partnership, shall cause to be delivered to the Partners: (i) such information as is necessary (including a statement for the previous Fiscal Year of each Partner’s share of
items of net income, net gains, net losses and other items of the Partnership and distributions of cash made) for the preparation by the Partners of their federal, state and local income and other tax returns and (ii) a copy of all income tax
and information returns to be filed by the Partnership for the preceding Fiscal Year. 
 (c) Within 120 calendar days after the end
of each Fiscal Year, the General Partner shall cause to be delivered to the Partners unaudited financial statements of the Partnership for the fiscal year, prepared at the expense of the Partnership, which unaudited

  
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financial statements shall set forth, as of the end of and for the Fiscal Year: (i) a profit and loss statement and a balance sheet of the Partnership, (ii) the balance in the Capital
Account of each Partner, and (iii) such other information as, in the judgment of the General Partner, is reasonably necessary for the Partners to be advised of the financial status and results of operations of the Partnership. 

ARTICLE VIII 

EXCULPATION AND INDEMNIFICATION 

8.1. Exculpation and Indemnification. 

(a) The General Partner will not be liable to the Partnership or to any other Partner for monetary damages for any losses, claims,
damages or liabilities arising from any act or omission performed or omitted by it arising out of or in connection with this Agreement or the Partnership’s business or affairs, except for any such loss, claim, damage or liability to the extent
caused by the General Partner’s gross negligence or willful misconduct. 
 (b) The Partnership shall, to the fullest extent
permitted by Applicable Law, indemnify, defend and hold harmless the General Partner against any losses, claims, damages or liabilities to which the General Partner may become subject in connection with any matter arising out of or in connection
with this Agreement or the Partnership’s business or affairs, except for any such loss, claim, damage or liability to the extent caused by the General Partner’s gross negligence or willful misconduct. Subject to Section 3.4(g), if the
General Partner becomes involved in any capacity in any action, proceeding or investigation in connection with any matter arising out of or in connection with this Agreement or the Partnership’s business or affairs, the Partnership shall
reimburse the General Partner for its legal and other expenses (including the cost of any investigation and preparation) as they are incurred in connection therewith, provided that the General Partner shall promptly repay to the Partnership
the amount of any such reimbursed expenses paid to it if it is ultimately determined that the General Partner was not entitled to be indemnified by the Partnership in connection with such action, proceeding or investigation. If for any reason (other
than the gross negligence or willful misconduct of the General Partner) the foregoing indemnification is unavailable to the General Partner, or insufficient to hold it harmless, then the Partnership shall contribute to the amount paid or payable by
the General Partner as a result of such loss, claim, damage, liability or expense in such proportion as is appropriate to reflect the relative benefits received by the Partnership on the one hand and the General Partner on the other hand or, if such
allocation is not permitted by Applicable Law, to reflect not only the relative benefits referred to above but also any other relative equitable considerations. 

(c) Each Partner covenants for itself and its successors and assigns that such Person will, at any time prior to or after dissolution
of the Partnership, on demand, whether before or after such Person’s withdrawal from the Partnership, pay to the Partnership or the General Partner any amount that the Partnership or the General Partner, as the case may be, pays in respect of
taxes (including withholding taxes) imposed upon income of or distributions to such Partner. Any such payment shall not increase the Capital Account of such Partner. 

  
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 (d) Notwithstanding anything else contained in this Agreement, the obligations of the
Partnership or any Partner under Sections 8.1 (b) and (c) will: 
 (i) be in addition to any liability that the
Partnership or any Partner may otherwise have; and 
 (ii) inure to the benefit of Affiliates of the General Partner and the
directors, officers, employees and agents of the General Partner and its Affiliates and any successors, assigns, heirs and personal representatives of such Persons. 

ARTICLE IX 
 DISSOLUTION
OF THE PARTNERSHIP 
 9.1. Dissolution. Subject to the Delaware Act and other Applicable Law, the Partnership shall be dissolved
and its affairs shall be wound up upon the earliest to occur of: 
 (a) an election to dissolve the Partnership by the General
Partner that is approved by the 100% of the Limited Partners; 
 (b) the entry of a decree of judicial dissolution of the Partnership
pursuant to the provisions of the Delaware Act; 
 (c) at any time there are no Limited Partners, unless the Partnership is continued
without dissolution in accordance with the Delaware Act; or 
 (d) an event of withdrawal, except for the resignation, of a General
Partner (within the meaning of the Delaware Act), including the bankruptcy of a General Partner, unless (i) at the time there is at least one other general partner of the Partnership and all of the remaining Partners agree to continue the
business of the Partnership or (ii) within 90 calendar days after the event of withdrawal, the Partners agree in writing to continue the business of the Partnership and, pursuant to Section 3.7 of this Agreement, to the appointment,
effective as of the date of the event of withdrawal, of a new general partner; 
 (e) the sale, condemnation or disposition of all or
substantially all of the Partnership’s assets and the receipt of all consideration therefor; or 
 (f) the resignation of all
General Partners unless a successor is elected and such successor is admitted to the Partnership pursuant to this Agreement. 
 9.2.
Winding Up of Partnership. Upon dissolution, the Partnership’s business will be wound up in an orderly manner. The General Partner shall be the liquidator to wind up the affairs of the Partnership pursuant to this Agreement. If no General
Partner remains, the Limited Partners holding more than 50% of the Capital Accounts may approve one or more Persons to act as the liquidator in carrying out the liquidation. Subject to the Delaware Act and Section 9.3, the liquidator shall
dispose of or distribute all Partnership assets to the Partners as soon as reasonably practicable after dissolution. 

  
 24 

 9.3. Distributions upon Dissolution of the Partnership. 

(a) Upon dissolution of the Partnership, the liquidator shall determine which assets of the Partnership will be disposed of and which
assets of the Partnership will be retained for distribution in kind to the Partners. In performing its duties, the liquidator is authorized to sell, distribute, exchange or otherwise dispose of the assets of the Partnership in any manner that the
liquidator determines to be in the best interest of the Partners. Subject to the Delaware Act, after all liabilities contingent or otherwise of the Partnership (including any liabilities to Partners) have been satisfied or duly provided for (as
determined by the liquidator in its discretion), the remaining assets of the Partnership will be distributed to the Partners in accordance with their positive Capital Account balances after giving effect to all contributions, distributions and
allocations for all periods. 
 (b) Except as otherwise provided in this Agreement, (i) each Limited Partner will look solely to
the assets of the Partnership for the return of its Capital Contributions and will have no right or power to demand or receive property other than cash from the Partnership and (ii) no Limited Partner will have priority over any other Limited
Partner as to the return of its Capital Contributions. 
 (c) No Partner will be obligated to contribute to the Partnership or to any
other Partner any deficit or negative balance that may exist from time to time in the Partner’s Capital Account. 
 ARTICLE X

 TRANSFERABILITY OF PARTNERS’ INTERESTS 

10.1. Transferability of General Partner’s Interests. Except as provided in Section 10.3, and notwithstanding anything else
contained herein, the General Partner may, at any time or from time to time without the consent or approval of the Limited Partners, Transfer all or any portion of its Interest to any Person. The General Partner will not cease to be a general
partner of the Partnership solely as a result of its pledge of all or any portion of its Interest. 
 10.2. Transferability of Limited
Partners’ Interests. Except as provided in Section 10.3, no Limited Partner may Transfer all or any portion of its Interest (other than Transfers of interests in the Limited Partner as permitted by its constituent documents), without
the prior consent of the General Partner, which consent may be given or withheld by the General Partner in its sole discretion. 
 10.3.
Admission of New Partners. In connection with any Transfer permitted hereunder or the issuance of Interests to a Person who was not a Partner before the issuance, the General Partner may admit a transferee or Person acquiring such Interests as a
general partner or limited partner of the Partnership without further action by any other Partner or any other Person, and any such transferee or Person acquiring such Interests will be deemed admitted to the Partnership as a general partner or
limited partner of the Partnership immediately prior to the Transfer, and the business of the Partnership shall continue thereafter without dissolution. 

  
 25 

 10.4. Conditions to Transfer. 

(a) No Transfer contemplated by this Article IX will be effected if the Transfer would jeopardize the status of the Partnership as a
partnership for federal income tax purposes. 
 (b) Notwithstanding anything else contained herein, no Partner will Transfer its
Interest in violation of the registration requirements of the Securities Act of 1933, as amended. 
 ARTICLE XI 

MISCELLANEOUS 
 11.1.
Amendments. This Agreement may be amended only with the approval of all of the Partners. 
 11.2. Third-Party Beneficiaries. This
Agreement is made solely and specifically among and for the benefit of the parties hereto and their respective successors and permitted assigns, and no other Person will have any right, interest or claim hereunder or be entitled to any benefit under
or on account of this Agreement as a third-party beneficiary or otherwise. 
 11.3. Successors. This Agreement will be binding as to
the executors, administrators, estates, heirs, legal successors and permitted assigns of the Partners. 
 11.4. Governing Law:
Severability. This Agreement is governed by and will be construed in accordance with the laws of the State of Delaware without giving effect to the principles of conflict of laws thereof. In particular, this Agreement will be construed to
the maximum extent possible to comply with all of the terms and conditions of the Delaware Act. If, nevertheless, it is determined by a court of competent jurisdiction that a term or provision of this Agreement is invalid or unenforceable under the
Delaware Act or other Applicable Law, that invalidity or unenforceability will not invalidate the entire Agreement. In that case, this Agreement will be construed so as to limit any such term or provision so as to make it enforceable or valid within
the requirements of Applicable Law, and, in the event the term or provision cannot be so limited, this Agreement will be construed to omit the invalid or unenforceable term or provision. If it is determined by a court of competent jurisdiction that
any provision relating to the distributions and allocations of the Partnership or to any fee payable by the Partnership is invalid or unenforceable, this Agreement will be construed or interpreted so as (a) to make it enforceable or valid and
(b) to make the distributions and allocations as closely equivalent to those set forth in this Agreement as is permissible under Applicable Law. 

11.5. Waiver of Action for Partition. Each of the Partners irrevocably waive any right that it may have to maintain any action for
partition with respect to any of the Partnership’s assets. 
 11.6. Headings. Section and other headings contained in this
Agreement are for reference purposes only and are not intended to describe, interpret, define or limit the scope or intent of this Agreement or any provision hereof. 

  
 26 

 11.7. Counterparts. This Agreement may be signed in any number of counterparts, each of
which will be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 11.8. Entire
Agreement. This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, representations and warranties, both oral and written, among
the parties with respect to the subject matter hereof. 
 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date
first above written. 
  

									
	COVE POINT GP HOLDING COMPANY, LLC				DOMINION GAS PROJECTS COMPANY, LLC
					
	By:		 /s/ G. Scott Hetzer
				By:		 /s/ G. Scott Hetzer

	Name:		G. Scott Hetzer				Name:		G. Scott Hetzer
	Title:		Senior Vice President and Treasurer				Title:		Senior Vice President and Treasurer
			
	DOMINION COVE POINT, INC.				
					
	By:		 /s/ G. Scott Hetzer
						
	Name:		G. Scott Hetzer						
	Title:		Senior Vice President and Treasurer						

  
 27ELNK-EX10.1_2015.3.31-10Q

EARTHLINK SHARED SERVICES, LLC
2015 SHORT-TERM INCENTIVE BONUS PLAN

THIS 2015 SHORT-TERM INCENTIVE BONUS PLAN (this “Plan”) of EarthLink Shared Services, LLC, a Delaware limited liability company (the “Company”), for the benefit of the eligible employees described herein, is adopted as of the 17th day of February 2015.  This Plan replaces and supersedes the terms of the EarthLink Shared Services, LLC 2014 Short-Term Incentive Bonus Plan (the “2014 Plan”) as in effect prior to the adoption of this Plan.

WITNESSETH:

WHEREAS, the Board of Directors of the Company has approved the Plan as set forth herein.

NOW, THEREFORE, the Company hereby establishes the Plan as set forth below.
1.STATEMENT OF PURPOSE
1.1    Statement of Purpose.  The purpose of the Plan is to encourage the creation of shareholder value by establishing a direct link between Adjusted EBITDA (as defined below), Free Cash Flow (as defined below), Revenue (as defined below) and other Corporate Performance Objectives (as defined below) achieved and the incentive compensation of Participants in the Plan.
Participants contribute to the success of EarthLink Holdings Corp (“Earthlink”) and its Affiliates (as defined below) through the application of their skills and experience in fulfilling the responsibilities associated with their positions.  EarthLink and its Affiliates desire to benefit from the contributions of the Participants and to provide an incentive bonus plan that encourages the sustained creation of shareholder value.
2.    DEFINITIONS
2.1    Definitions.  Capitalized terms used in the Plan shall have the following meanings:
“Adjusted EBITDA” means earnings (or losses) from continuing operations before interest income or expense and other, net, income tax provision (benefit), depreciation and amortization, excluding stock-based compensation expense, impairment of goodwill and intangible assets, restructuring, acquisition and integration-related costs, and loss from discontinued operations, net of tax, of EarthLink and its Affiliates.  The calculation of Adjusted EBITDA shall include any compensation expense attributable to the Bonus Awards to be paid under the Plan.
“Affiliate” means any entity that is part of a controlled group of corporations or is under common control with EarthLink within the meaning of Code Sections 1563(a), 414(b) or 414(c), except that, in making any such determination, fifty percent (50%) shall be substituted for eighty percent (80%) each place it appears under such Code Sections and related regulations.
“Bonus Award” means the sum of (a) the Participant’s Performance Bonus and (b) the Participant’s Discretionary Bonus, if any, for the Bonus Period.

 

“Bonus Period” means the period beginning January 1 and ending December 31 of the calendar year, in respect of which the Corporate Performance Objectives are measured and the Participants’ Bonus Awards, if any, are to be determined.
“Cause” has the same definition as under any employment or service agreement between the Employer and the Participant or, if no such employment or service agreement exists or if such employment or service agreement does not contain any such definition, Cause means (i) the Participant’s willful and repeated failure to comply with the lawful directives of the Board of Directors of EarthLink or any of its Affiliates or any supervisory personnel of the Participant; (ii) any criminal act or act of dishonesty or willful misconduct by the Participant that has a material adverse effect on the property, operations, business or reputation of EarthLink or any of its Affiliates; (iii) the material breach by the Participant of the terms of any confidentiality, non-competition, non-solicitation or other such agreement that the Participant has with EarthLink or any of its Affiliates or (iv) acts by the Participant of willful malfeasance or gross negligence in a matter of material importance to EarthLink or any of its Affiliates.
“Change in Control” means the occurrence of any of the following events:  
(a)    the accumulation in any number of related or unrelated transactions by any person of beneficial ownership (as such term is used in Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended) of more than fifty percent (50%) of the combined voting power of EarthLink’s voting stock; provided that, for purposes of this subsection (a), a Change in Control will not be deemed to have occurred if the accumulation of more than fifty percent (50%) of the voting power of EarthLink’s voting stock results from any acquisition of voting stock (i) directly from EarthLink that is approved by the Incumbent Board, (ii) by EarthLink, (ii) by any employee benefit plan (or related trust) sponsored or maintained by EarthLink or any of its Affiliates, or (iv) by any person pursuant to a merger, consolidation, or reorganization (a "Business Combination") that would not cause a Change in Control under clauses (i) and (ii) of subsection (b) below; or 
(b)    consummation of a Business Combination, unless, immediately following that Business Combination, (i) all or substantially all of the persons who are the beneficial owners of voting stock of EarthLink immediately prior to that Business Combination beneficially own, directly or indirectly, at least fifty percent (50%) of the then outstanding shares of common stock and at least fifty percent (50%) of the combined voting power of the then outstanding voting stock entitled to vote generally in the election of directors of the entity resulting from that Business Combination (including, without limitation, an entity that as a result of that transaction owns EarthLink or all or substantially all of EarthLink’s assets either directly or through one or more subsidiaries), in substantially the same proportions relative to each other as their ownership, immediately prior to that Business Combination, of the voting stock of EarthLink, and (ii) at least sixty percent (60%) of the members of the Board of Directors of the entity resulting from that Business Combination holding at least sixty percent (60%) of the voting power of such Board of Directors were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board of Directors providing for that Business Combination and, as a result of or in connection with such Business Combination, no person has the right to dilute either such percentages by appointing additional members to the Board of Directors or otherwise without election or action by the shareholders; or 

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(c)    a sale or other disposition of all or substantially all the assets of EarthLink, except pursuant to a Business Combination that would not cause a Change in Control under clauses (i) and (ii) of subsection (b) above, or 
(d)    approval by the shareholders of EarthLink of a complete liquidation or dissolution of EarthLink, except pursuant to a Business Combination that would not cause a Change in Control under clauses (i) and (ii) of subsection (b) above; or 
(e)    the acquisition by any person, directly or indirectly, of the power to direct or cause the direction of the management and policies of EarthLink (i) through the ownership of securities which provide the holder with such power, excluding voting rights attendant with such securities, or (ii) by contract; provided the Change in Control will not be deemed to have occurred if such power was acquired (x) directly from EarthLink in a transaction approved by the Incumbent Board, (y) by any employee benefit plan (or related trust) sponsored or maintained by EarthLink or any of its Affiliates or (z) by any person pursuant to a Business Combination that would not cause a Change in Control under clauses (i) and (ii) of subsection (b) above.  
“Code” means the Internal Revenue Code of 1986, as amended.
“Committee” means the Leadership and Compensation Committee of the Board of Directors of EarthLink which will administer the Plan.
“Compensation” means the Participant’s actual wages earned during the Bonus Period, excluding incentive payments, salary continuation, bonuses, income from equity awards, stock options, restricted stock, restricted stock units, deferred compensation, commissions, and any other forms of compensation over and above the Participant’s actual wages earned during the Bonus Period.  
“Corporate Performance Objectives” means Adjusted EBITDA, Free Cash Flow and Revenue, in such amounts as the Committee shall determine in its sole discretion for the Bonus Period that must be achieved for the Participant’s Performance Bonus Multiplier for the Bonus Period to be greater than zero (0). Notwithstanding the foregoing, the Committee may establish Corporate Performance Objectives based upon any of the business criteria with respect to which Awards (as defined therein) that are intended to constitute qualified performance-based compensation under EarthLink’s 2011 Equity and Cash Incentive Plan may be based.  The Committee shall adjust the Corporate Performance Objectives as the Committee in its sole discretion may determine is appropriate in the event of unbudgeted acquisitions or divestitures or other unexpected fundamental changes in the business of EarthLink, any business unit or any product to fairly and equitably determine the Bonus Awards and to prevent any inappropriate enlargement or dilution of the Bonus Awards.  In that respect, the Corporate Performance Objectives may be adjusted to reflect, by way of example and not of limitation, (i) unanticipated asset write-downs or impairment charges, (ii) litigation or claim judgments or settlements thereof, (iii) changes in tax laws, accounting principles or other laws or provisions affecting reported results, (iv) accruals for reorganization or restructuring programs, or extraordinary non-reoccurring items as described in Accounting Principles Board Opinion No.  30 or as described in management’s discussion and analysis of the financial condition and results of operations appearing in EarthLink’s Annual Report on Form 10-K for the applicable year, (v) acquisitions or dispositions or (vi) foreign exchange gains or losses.  To the extent any such adjustments affect any Bonus Award, the intent is that the adjustments shall 

3

be in a form that allows the Bonus Award to continue to meet the requirements of Section 162(m) of the Code for deductibility to the extent intended to constitute qualified performance-based compensation.
“Disability” has the same definition as under any employment or service agreement between the Employer and the Participant or, if no such employment or service agreement exists or if such employment or service agreement does not contain any such definition, Disability means where the Participant is “disabled” or has incurred a “disability” in accordance with the policies of the Employer that employs the Participant in effect at the applicable time.
“Discretionary Bonus” means the Participant’s Maximum Potential Discretionary Bonus or such lesser amount as the Committee in its sole discretion may determine based upon the Committee’s assessment of the Participant’s desired individual performance for the Bonus Period and any reductions pursuant to Section 5.2(e).
“Distribution” means the payment of the Bonus Award under the Plan.
“Distribution Date” means the date on which the Distribution occurs.
“Effective Date” means January 1, 2015.
“Employee” means a common law employee of an Employer who is classified as “exempt” on the Employer’s payroll, personnel or tax records.  A common law employee of an Employer only includes an individual who renders personal services to the Employer and who, in accordance with the established payroll, accounting and personnel policies of the Employer, is characterized by the Employer as an “exempt” common law employee.  An Employee does not include (i) any person whom the Employer has identified on its payroll, personnel or tax records as an independent contractor or (ii) any person who has acknowledged in writing to the Employer that such person is an independent contractor, whether or not in case of both (i) and (ii) a court, the Internal Revenue Service or any other authority ultimately determines such classification to be correct or incorrect as a matter of law or (iii) any person who is classified other than as “exempt” on the Employer’s payroll, personnel or tax records.
“Employer” means EarthLink, the Company and any Affiliate of EarthLink who employs one or more Employees.
“Free Cash Flow” means Adjusted EBITDA less cash used for purchases of property and equipment and less acquisition, restructuring and integration-related costs.  
“Incumbent Board” means a Board of Directors of EarthLink at least a majority of whom consist of individuals who either are (a) members of EarthLink’s Board of Directors as of the Effective Date of the adoption of this Plan or (b) members who become members of EarthLink’s Board of Directors subsequent to the date of the adoption of this Plan whose election, or nomination for election by EarthLink’s shareholders, was approved by a vote of at least sixty percent (60%) of the directors then comprising the Incumbent Board (either by specific vote or by approval of a proxy statement of EarthLink in which that person is named as a nominee for director, without objection to that nomination), but excluding, for that purpose, any individual whose initial assumption of office occurs as a result of an actual or threatened election contest  (within the meaning of Rule 14a-11 of the Securities Exchange Act of 1934, as amended) with respect to the election or removal 

4

of directors or other action or threatened solicitation of proxies or consents by or on behalf of a person other than the  Board of Directors of EarthLink.
“Management” means the Employees or Participants, as applicable, who are the executive officers of EarthLink, the Company or any other Affiliate of EarthLink, individually or as a group, as designated by the Board of Directors of EarthLink.
“Maximum Bonus Award” means the maximum Bonus Award, denoted as a dollar amount, which can be earned and paid to the Participant for the Bonus Period as established by the Committee, which cannot exceed in any event the dollar amount which results from multiplying the Participant’s Compensation for the Bonus Period by the product of (a) the Participant’s Performance Target Bonus Percent, (b) the Participant’s Performance Bonus Multiplier and (c) one hundred and twenty percent (120%).
“Maximum Potential Discretionary Bonus” means the dollar amount which results from multiplying the Participant’s Compensation for the Bonus Period by the product of (a) the Participant’s Target Bonus Percent, (b) the Participant’s Performance Bonus Multiplier and (c) forty percent (40%) (fifty percent (50%) for Management Participants).
“Participant” means an Employee of an Employer who is selected to participate in the Plan.
“Performance Bonus” means the dollar amount which results from multiplying the Participant’s Compensation for the Bonus Period by the product of (a) the Participant’s Performance Target Bonus Percent, (b) the Participant’s Performance Bonus Multiplier and (c) eighty percent (80%) (seventy percent (70%) for Management Participants).
“Performance Bonus Multiplier” means either (i) zero (0) or (ii) the percentage from fifty percent (50%) to two hundred percent (200%) that applies to determine the Participant’s Bonus Award for the Bonus Period.  The Committee shall establish the Performance Bonus Multipliers that relate to the levels of Corporate Performance Objectives that must be achieved during the Bonus Period to calculate the Participant’s Bonus Award.
“Performance Target Bonus Percent” means the percent of the Participant’s Compensation that will be earned as a Performance Bonus (using one hundred percent (100%) in lieu of eighty percent (80%) (seventy percent (70%) for Management Participants)) where the Corporate Performance Objectives that are achieved for the Bonus Period result in a Performance Bonus Multiplier of one hundred percent (100%).  The Performance Target Bonus Percent for each Participant shall be established consistent with the Participant’s position in the Employer’s compensation structure.
“Plan” means this EarthLink Shared Services, LLC 2015 Short-Term Incentive Bonus Plan, in its current form and as it may be hereafter amended.
“Revenue” means gross revenue from operations of EarthLink and its Affiliates.
“Target Potential Discretionary Bonus” means the dollar amount which results from calculating the Participant’s Maximum Potential Discretionary Bonus using twenty percent (20%) in lieu of the forty percent (40%) (fifty percent (50%) for Management Participants).

5

3.    ADMINISTRATION OF THE PLAN
3.1    Administration of the Plan.  The Committee shall be the sole administrator of the Plan and shall have full authority to formulate adjustments and make interpretations under the Plan as it deems appropriate. The Committee shall also be empowered to make any and all of the determinations not herein specifically authorized which may be necessary or desirable for the effective administration of the Plan. Any decision or interpretation of any provision of this Plan adopted by the Committee shall be final and conclusive. Benefits under this Plan shall be paid only if the Committee determines, in its sole discretion, that the Participant or Beneficiary is entitled to them. None of the members of the Committee shall be liable for any act done or not done in good faith with respect to this Plan. The Company shall bear all expenses of administering this Plan.
4.    ELIGIBILITY
4.1    Establishing Participation.  Each Employee whose position in the Employer’s compensation structure entitles him or her to participate in the Plan shall participate in the Plan for the applicable Bonus Period except that (a) the Committee must approve the members of Management, if any, who shall be entitled to participate in the Plan for the Bonus Period and (b) no Employee who is eligible for commission or incentive-based compensation (in lieu of wages or base salary) shall be eligible to participate in the Plan.  The Committee shall retain the discretion to name as a Participant any otherwise-eligible member of Management hired or promoted after the commencement of the Bonus Period.
5.    AMOUNT OF BONUS AWARDS
5.1    Establishment of Bonuses.  
(a)    Initial Determinations.  The Committee shall establish generally for each Participant the Performance Target Bonus Percent, the Performance Bonus Multiplier and the Maximum Bonus Award that will apply with respect to the designated levels of achievement of the Corporate Performance Objectives for the Bonus Period.  The Performance Bonus Multiplier and Maximum Bonus Award for each Participant will be based on the achievement of such Corporate Performance Objectives as the Committee shall designate, which may include the achievement of one or more Corporate Performance Objectives or any combination of Corporate Performance Objectives as the Committee may select.
(b)    Corporate Performance Objectives.  The Committee shall establish the Corporate Performance Objectives that must be achieved to determine each Participant’s Performance Bonus Multiplier for the Bonus Period. To the extent the Corporate Performance Objectives are not achieved, the Performance Bonus Multiplier shall be zero (0).  The Corporate Performance Objectives to be achieved must take into account and be calculated with respect to the full accrual and payment of the Bonus Awards under the Plan.
The Corporate Performance Objectives must be established in writing no later than the earlier of (i) ninety (90) days after the beginning the period of service to which they relate and (ii) before the lapse of twenty-five percent (25%) of the period of service to which they relate; they must be uncertain of achievement at the time they are established; and the achievement of the 

6

Corporate Performance Objectives must be determinable by a third party with knowledge of the relevant facts.  The Corporate Performance Objectives may be stated with respect to EarthLink’s, an Affiliate’s, a product’s, and/or a business unit’s Adjusted EBITDA, Free Cash Flow, Revenue or other Corporate Performance Objectives and/or any combination of the foregoing as the Committee may designate.  The Corporate Performance Objectives may, but need not, be based upon an increase or positive result under the aforementioned business criteria and could include, for example and not by way of limitation, maintaining the status quo or limiting the economic losses (measured, in each case, by reference to the specific business criteria).  The Corporate Performance Objectives may not include solely the mere continued employment of the Participant.  However, Bonus Awards may become payable contingent on the Participant’s continued employment at the time the Bonus Award becomes payable, in addition to the Corporate Performance Objectives described above.
(c)    Individual Performance Levels.  The Committee shall establish the individual performance levels that must be achieved to determine each Participant’s Discretionary Bonus for the Bonus Period.  The individual performance levels may be established at the same time as the Committee establishes the Corporate Performance Objectives or any other time during the Bonus Period or the Committee may determine each Participant’s Discretionary Bonus after review of the Participant’s individual performance level for the Bonus Period.
5.2    Calculation of Bonus Awards.
(a)    Timing of the Calculation.  The calculations necessary to determine the Bonus Awards for the Bonus Period shall be made no later than the fifteenth day of the third month following the end of the Bonus Period for which the Bonus Awards are to be calculated. Such calculation shall be carried out in accordance with this Section 5.2.
(b)    Calculation.  Following the end of the Bonus Period, each Participant’s Performance Bonus, if any, shall be calculated, as the Committee in its sole discretion may determine.  Following the end of the Bonus Period, each Participant’s Discretionary Bonus, if any, also shall be calculated, and the Participant’s Discretionary Bonus for the Bonus Period shall be either the Participant’s Maximum Potential Discretionary Bonus or such lesser amount as the Committee in its sole discretion may determine as set forth in Section 5.2(d) and (e) below.  Notwithstanding any other provision of the Plan, the Participant’s Bonus Award may not exceed the Participant’s Maximum Bonus Award.
(c)    Written Determination.  For purposes of the Bonus Awards, the Committee shall certify in writing whether the Corporate Performance Objectives have been achieved.  The Bonus Awards payable under this Plan are intended to constitute Awards (as defined therein) under EarthLink’s 2011 Equity and Cash Incentive Plan or under any other plan under which Bonus Awards may be paid (as the Committee shall designate), to the maximum extent possible.  Accordingly, the Bonus Awards hereunder also will be subject to the terms of EarthLink’s 2011 Equity and Cash Incentive Plan or such other plan, to the extent applicable, including without limitation with respect to the maximum dollar amount of the Bonus Awards that may be paid to any Participant with respect to any particular time period.  Any Bonus Awards or portions thereof that do not constitute Awards (as defined therein) under EarthLink’s 2011 Equity and Cash Incentive Plan or such other plan shall be deemed separate Bonus Awards that are granted under this Plan but outside of EarthLink’s 2011 Equity and Cash Incentive Plan or any other such plan.

7

(d)    Negative Discretion.  Notwithstanding any other provision of the Plan, the Participant’s Maximum Potential Discretionary Bonus may be reduced, but not below zero (0), if the Participant’s individual performance for the Bonus Period falls below that expected of such Participant.  Management may determine, for Participants who are not Management Participants, if any such Participant’s Maximum Potential Discretionary Bonus should be reduced based upon Management’s assessment of the Participant’s individual performance for the Bonus Period.  The Committee shall determine in its discretion whether any Maximum Potential Discretionary Bonus for any Management Participant should be reduced based upon the Committee’s assessment of the Management Participant’s individual performance for the Bonus Period.  Any reduction of a Participant’s Maximum Potential Discretionary Bonus under this Section 5.2(d) shall be at the sole and absolute discretion of the Committee.  
(e)    Mandatory Reduction of Maximum Potential Discretionary Bonuses.  Notwithstanding any other provision of the Plan, in no event will the sum of all Discretionary Bonuses to be paid under the Plan for the Bonus Period exceed the sum of all Participants’ Target Potential Discretionary Bonuses that could be paid under the Plan for the Bonus Period.  So, it is expected that some or all Participants’ Maximum Potential Discretionary Bonuses will be reduced as necessary in order to satisfy the foregoing limitation.  To the extent one or more Participants are to receive a Discretionary Bonus that exceeds the sum of such Participants’ Target Potential Discretionary Bonuses, one or more other Participants will have to receive Discretionary Bonuses that are less than the sum of such Participants’ Target Potential Discretionary Bonuses by the same aggregate amount.  If the total of all Discretionary Bonuses to be paid under the Plan for the Bonus Period, after reductions by the Committee, still exceed the sum of all Participant’s Target Potential Discretionary Bonuses for the Bonus Period, all Discretionary Bonuses will be reduced, pro rata, but not below zero (0), as necessary to satisfy such limitation.
6.    PAYMENT OF AWARDS
6.1    Eligibility for Payment.  Except as otherwise set forth in Sections 7.1 and 8.1 of this Plan, Bonus Awards shall not be paid to any Participant who is not employed by an Employer on the date the Distribution is to be made, and a Participant who terminates employment with all Employers shall not be eligible to receive any Distribution for (i) the Bonus Period that includes such termination of employment, (ii) any prior Bonus Period to the extent not paid before such termination of employment nor (iii) any future Bonus Periods.
6.2    Timing of Payment.  Any Distribution to be paid for a Bonus Period shall be paid no later than the 15th day of the third month following the end of the Bonus Period.
6.3    Payment of Award.  The amount of the Bonus Award to be paid pursuant to this Section 6 to a Participant who is employed by the Company shall be paid in one lump sum cash payment by the Employer.
6.4    Taxes; Withholding.  To the extent required by law, the Employer shall withhold from all Distributions made hereunder any amount required to be withheld by Federal and state or local government or other applicable laws. Each Participant shall be responsible for satisfying in 

8

cash or cash equivalent acceptable to the Committee any income and employment tax withholdings applicable to any Distribution to the Participant under the Plan. 
7.    CHANGE IN CONTROL
7.1    Payment upon Termination of Employment on or after a Change in Control.  If at any time on or after a Change in Control occurs the Participant’s employment with all Employers is terminated by an Employer for any reason other than Cause, death or Disability, then, the Participant shall be entitled to receive for the Bonus Period that includes the date of the Participant’s termination of employment the Bonus Award that would result based on actual business results for the entire Bonus Period taking into account the Corporate Performance Objectives achieved during the Bonus Period, calculated on the same basis as other similarly-situated Participants, and assuming for each Management Participant a Discretionary Bonus of no less than the Participant’s Target Potential Discretionary Bonus, or such greater or lesser percent if established prior to the Change in Control, except that the Bonus Award for that Bonus Period shall be based solely upon the Participant’s Compensation for that Bonus Period through the time of termination of employment; provided, however, that Participant shall only be entitled to receive such Bonus Award for the Bonus Period that includes the date of the Participant’s termination of employment if the Participant’s termination of employment occurs after the first calendar quarter of the Bonus Period and prior to payment of the Bonus Award for the Bonus Period in which the Participant’s employment is so terminated.  Each Participant described above also shall be entitled to receive any Bonus Award payable for any Bonus Period that ended before the termination of the Participant’s employment on the same basis as the Bonus Award for the Bonus Period that includes the date of the Participant’s termination of employment.  Such Bonus Awards shall be paid at the normal time of the bonus payout as if the Participant had remained employed but in no event later than the 15th day of the third month following the end of the Bonus Period.  If at any time on or after a Change in Control occurs the Participant’s employment with all Employers is terminated by an Employer for any reason other than Cause, death or Disability, the Participant shall not be entitled to receive a Bonus Award for the Bonus Period that includes the date of the Participant’s termination of employment if the Participant’s termination of employment occurs during the first calendar quarter of the Bonus Period.  
8.    TERMINATION OF EMPLOYMENT
8.1    Payment after Termination of Employment.  If before a Change in Control occurs the Participant’s employment with all Employers is terminated by an Employer, such that the Participant is entitled to receive benefits under any severance plan maintained by an Employer, or pursuant to any agreement between the Employer and the Participant, then, if the Participant’s employment is terminated by an Employer after the first calendar quarter of the Bonus Period and prior to payment of the Bonus Award for the Bonus Period in which the Participant’s employment is terminated, the Participant shall be entitled to receive for the Bonus Period that includes the date of the Participant’s termination of employment the Bonus Award that would result based on actual business results for the entire Bonus Period, taking into account the Corporate Performance Objectives achieved during the Bonus Period, and actual individual performance levels achieved for the entire Bonus Period, calculated on the same basis as other similarly-situated Participants, 

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except that the Bonus Award for that Bonus Period shall be based solely upon the Participant’s Compensation for that Bonus Period through the time of termination of employment.  Each Participant described above also shall be entitled to receive any Bonus Award payable for any Bonus Period that ended before the termination of the Participant’s employment on the same basis as the Bonus Award for the Bonus Period that includes the date of the Participant’s termination of employment.  Such Bonus Awards shall be paid at the normal time of the bonus payout as if the Participant had remained employed but in no event later than the 15th day of the third month following the end of the Bonus Period.  If before a Change in Control occurs the Participant’s employment with all Employers is terminated by an Employer, such that the Participant is entitled to receive benefits under any severance plan maintained by an Employer, if the Participant’s employment is terminated by an Employer during the first calendar quarter of the Bonus Period, the Participant shall not be entitled to receive any Bonus Award for the Bonus Period that includes the date of the Participant’s termination of employment.  
9.    MISCELLANEOUS
9.1    Unsecured General Creditor.  Participants and their beneficiaries, heirs, successors and assigns shall have no legal or equitable rights, interests, or other claim in any property or assets of the Employer. Any and all assets shall remain general, unpledged, unrestricted assets of the Employer. The Employer’s obligation under the Plan shall be that of an unfunded and unsecured promise to pay cash or shares of Common Stock in the future, and there shall be no obligation to establish any fund, any security or any other restricted asset in order to provide for the payment of amounts under the Plan.
9.2    Obligations to the Employer.  If a Participant becomes entitled to a Distribution under the Plan, and, if, at the time of the Distribution, such Participant has outstanding any debt, obligation or other liability representing an amount owed to any Employer, then the Employer may offset such amounts owing to it or any other Employer against the amount of any Distribution. Such determination shall be made by the Committee. Any election by the Committee not to reduce any Distribution payable to a Participant shall not constitute a waiver of any claim for any outstanding debt, obligation, or other liability representing an amount owed to the Employer.
9.3    Nonassignability.  Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to which are, expressly declared to be unassignable and nontransferable. No part of a Distribution, prior to actual Distribution, shall be subject to seizure or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by a Participant or any other person, nor shall it be transferable by operation of law in the event of the Participant’s or any other persons bankruptcy or insolvency, except as set forth in Section 9.2 above.
9.4    Employment or Future Pay or Compensation Not Guaranteed.  Nothing contained in this Plan nor any action taken hereunder shall be construed as a contract of employment or as giving any Participant or any former Participant any right to be retained in the employ of an Employer or receive or continue to receive any rate of pay or other compensation, nor shall it interfere in any 

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way with the right of an Employer to terminate the Participant’s employment at any time without assigning a reason therefore.
9.5    Gender, Singular and Plural.  All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, or neuter, as the identity of the person or persons may require. As the context may require, the singular may be read as the plural and the plural as the singular.
9.6    Captions.  The captions to the articles, sections, and paragraphs of this Plan are for convenience only and shall not control or affect the meaning or construction of any of its provisions.
9.7    Applicable Law.  This Plan shall be governed and construed in accordance with the laws of the State of Georgia.
9.8    Validity.  In the event any provision of the Plan is held invalid, void, or unenforceable, the same shall not affect, in any respect whatsoever, the validity of any other provision of the Plan.
9.9    Notice.  Any notice or filing required or permitted to be given to the Committee shall be sufficient if in writing and hand delivered, or sent by registered or certified mail, to the principal office of EarthLink, directed to the attention of the President and CEO of EarthLink. Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification.
9.10    Compliance.  No Distribution shall be made hereunder except in compliance with all applicable laws and regulations (including, without limitation, withholding tax requirements), any listing agreement with any stock exchange to which EarthLink is a party, and the rules of all domestic stock exchanges on which EarthLink’s shares of capital stock may be listed. The Committee shall have the right to rely on an opinion of its or EarthLink’s counsel as to such compliance. No Distribution shall be made hereunder unless the Employer has obtained such consent or approval as the Employer may deem advisable from regulatory bodies having jurisdiction over such matters.
9.11    No Duplicate Payments.  The Distributions payable under the Plan are the maximum to which the Participant is entitled in connection with the Plan. To the extent the Participant and the Employer are parties to any other agreements or arrangements relating to the Participant’s employment that provide for payments of any bonuses under this Plan on termination of employment, this Plan shall be construed and interpreted so that the Bonus Awards and Distributions payable under the Plan and such other agreements or arrangements are only paid once; it being the intent of this Plan not to provide the Participant any duplicative payments of Bonus Awards. To the extent a Participant is entitled to a bonus payment calculated under this Plan and under any other agreement or arrangement, which would result in a duplicative payment of the Bonus Award or Distribution, no Bonus Award or Distribution will be payable hereunder if the payment under the other agreement or arrangement is not reduced by any duplicative payment under this Plan.
9.12    Confidentiality.  The terms and conditions of this Plan and the Participant’s participation hereunder shall remain strictly confidential. The Participant may not discuss or disclose any terms of this Plan or its benefits with anyone except for Participant’s attorneys, accountants 

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and immediate family members who shall be instructed to maintain the confidentiality agreed to under this Plan, except as may be required by law.
9.13    Temporary Leaves of Absence.  The Committee in its sole discretion may decide to what extent leaves of absence for government or military service, illness, temporary disability or other reasons shall, or shall not be, deemed an interruption or termination of employment.
9.14    Clawback Provision.  Notwithstanding any other provision of the Plan, the Participant shall reimburse or return to the Employer the gross aggregate amount of any cash Distribution that the Participant previously received under the Plan, to the extent required under applicable law or any clawback or compensation recoupment policy that the Employer may adopt as long as such requirement to reimburse or return is triggered by action of the Committee or the Board that is taken prior to a Change in Control.
10.    AMENDMENT AND TERMINATION OF THE PLAN
10.1    Amendment.  Except as set forth in Section 10.3 below, the Committee in its sole discretion may at any time amend the Plan in whole or in part.
10.2    Termination of the Plan.
(a)    Employer’s Right to Terminate.  Except as set forth in Section 10.3 below, the Committee may at any time terminate the Plan, if it determines in good faith that the continuation of the Plan is not in the best interest of EarthLink and its shareholders.  No such termination of the Plan shall reduce any Distributions already made.
(b)    Payments upon Termination of the Plan.  Upon the termination of the Plan under this Section, Awards for future Bonus Periods shall not be made.  With respect to the Bonus Period in which such termination takes place, the Employer will pay to each Participant the Participant’s Bonus Award, if any, for such Bonus Period, less any applicable withholdings, only to the extent the Committee provides for any such payments on termination of the Plan (in which case all such payments will be made no later than the 15th day of the third month following the end of the Bonus Period that includes the effective date of termination of the Plan).
10.3    Amendment or Termination after a Change in Control.  Notwithstanding any other provision of the Plan, the Committee may not amend or terminate the Plan in whole or in part, or change eligibility for participation in the Plan, on or after a Change in Control to the extent any such amendment or termination, or change in eligibility for participation in the Plan, would adversely affect the Participants’ rights hereunder or result in Bonus Awards not being paid consistent with the terms of the Plan in effect prior to such amendment or termination for the Bonus Period in which the amendment or termination of the Plan takes place and any prior Bonus Period, and assuming for each Management Participant a Discretionary Bonus of no less than the Participant’s Target Potential Discretionary Bonus, or such greater or lesser percent if established prior to the Change in Control, for any such Bonus Period. 
11.    COMPLIANCE WITH SECTION 409A

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11.1    Tax Compliance.  This Plan is intended to be exempt from the applicable requirements of Section 409A of the Code and shall be construed and interpreted in accordance therewith. The Committee may at any time amend, suspend or terminate this Plan, or any payments to be made hereunder, as necessary to be exempt from Section 409A of the Code. Notwithstanding the preceding, no Employer shall be liable to any Employee or any other person if the Internal Revenue Service or any court or other authority having jurisdiction over such matter determines for any reason that any Bonus Award or Distribution to be made under this Plan is subject to taxes, penalties or interest as a result of failing to comply with Section 409A of the Code. The Distributions under the Plan are intended to satisfy the exemption from Section 409A of the Code for “short-term deferrals.”
12.    CLAIMS PROCEDURES
12.1    Filing of Claim.  If a Participant becomes entitled to a Bonus Award or a Distribution has otherwise become payable, and the Participant has not received the benefits to which the Participant believes he is entitled under such Bonus Award or Distribution, then the Participant must submit a written claim for such benefits to the Committee within ninety (90) days of the date the Bonus Award would have become payable (assuming the Participant is entitled to the Bonus Award) or the claim will be forever barred.
12.2    Appeal of Claim.  If a claim of a Participant is wholly or partially denied, the Participant or his duly authorized representative may appeal the denial of the claim to the Committee. Such appeal must be made at any time within thirty (30) days after the Participant receives written notice from the Committee of the denial of the claim. In connection therewith, the Participant or his duly authorized representative may request a review of the denied claim, may review pertinent documents and may submit issues and comments in writing. Upon receipt of an appeal, the Committee shall make a decision with respect to the appeal and, not later than sixty (60) days after receipt of such request for review, shall furnish the Participant with a decision on review in writing, including the specific reasons for the decision, as well as specific references to the pertinent provisions of the Plan upon which the decision is based.  Notwithstanding the foregoing, if the Committee has not rendered a decision on appeal within sixty (60) days after receipt of such request for review, the Participant’s appeal shall be deemed to have been denied upon the expiration of the sixty (60)-day review period.
12.3    Final Authority.  The Committee has discretionary and final authority under the Plan to determine the validity of any claim. Accordingly, any decision the Committee makes on the Participant’s appeal shall be final and binding on all parties. If a Participant disagrees with the Committee’s final decision, the Participant may bring suit, but only after the claim on appeal has been denied or deemed denied. Any such lawsuit must be filed within ninety (90) days of the Committee’s denial (or deemed denial) of the Participant’s claim or the claim will be forever barred.
13.    COMPLIANCE WITH SECTION 162(M)
13.1    Section 162(m) Compliance. It is the intent of the Company that the Plan and any Bonus Awards payable under the Plan to Participants who are or may become persons whose compensation is subject to Section 162(m) of the Code and that are intended to constitute qualified 

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performance-based compensation satisfy any applicable requirements of Section 162(m) of the Code to qualify as qualified performance-based compensation.  Any provision, application or interpretation of the Plan inconsistent with this intent shall be disregarded or deemed to be amended to the extent necessary to conform to such requirements.  Bonus Awards may only become payable if the applicable Corporate Performance Objectives are achieved.  No Bonus Awards may become payable if the applicable threshold levels of the Corporate Performance Objectives are not achieved, and the Maximum Bonus Award that can become payable to any Participant for any Bonus Period is based on the applicable levels of the Corporate Performance Objectives that are achieved.  Any Bonus Award that is intended to constitute qualified performance-based compensation that is only nominally or partially contingent on achieving the Corporate Performance Objectives may not be awarded under the Plan.  However, an Employer may pay a bonus, or other types of compensation, inside or outside the Plan, which may or may not be deductible.  In no event, however, may any Management Participant be entitled to a Bonus Award under the Plan under two arrangements, where payment of the other bonus that is not intended to be qualified performance-based compensation is contingent upon the failure to meet the Corporate Performance Objectives upon which the Participant’s Bonus Award that is intended to constitute qualified performance-based compensation is based.  The provisions of the Plan may be bifurcated by the Committee at any time, so that certain provisions of the Plan required in order to satisfy the requirements of Section 162(m) of the Code are only applicable to Participants whose compensation is subject to 162(m) of the Code.  

 

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