Document:

Exhibit 4.01 Supplemental Indenture

Exhibit 4.01

	
	
	 
SUPPLEMENTAL TRUST INDENTURE
FROM
NORTHERN STATES POWER COMPANY 
(A WISCONSIN CORPORATION)
TO
U.S. BANK NATIONAL ASSOCIATION  

TRUSTEE

	

DATED AS OF 
JUNE 1, 2014
SUPPLEMENTAL TO TRUST INDENTURE 
DATED APRIL 1, 1947
AND
SUPPLEMENTAL AND RESTATED  
TRUST INDENTURE
DATED MARCH 1, 1991

TABLE OF CONTENTS

Page

PARTIES    1
RECITALS    1

		
	ARTICLE I
	SPECIFIC SUBJECTION OF ADDITIONAL PROPERTY TO THE LIEN OF THE INDENTURE    8

		
	Section 1.01
	Grant of Certain Property, Including Personal Property to Comply with the Uniform Commercial Code, Subject to Permitted Encumbrances Contained in the Indenture    8

		
	ARTICLE II
	FORM AND EXECUTION OF SERIES DUE JUNE 15, 2024    9

		
	Section 2.01
	Series Due June 15, 2024    9

		
	Section 2.02
	Redemption of Bonds    10

		
	Section 2.03
	Surrender    11

		
	Section 2.04
	Taxes and Governmental Charges    11

		
	Section 2.05
	Book-Entry System    11

		
	ARTICLE III
	APPOINTMENT OF AUTHENTICATING AGENT    15

		
	Section 3.01
	Appointment of Agent or Agents for Bonds of Series due June 15, 2024    15

		
	Section 3.02
	Concerning the Agent    15

		
	Section 3.03
	Form of Alternate Certificate of Authentication    16

		
	Section 3.04
	Limit on Location and Number of Agents    16

		
	ARTICLE IV
	FINANCING STATEMENT TO COMPLY WITH THE UNIFORM COMMERCIAL CODE    16

		
	Section 4.01
	Names and Addresses of Debtor and Securing Party    16

		
	Section 4.02
	Property Subject to Lien    16

		
	Section 4.03
	Maturity Dates and Principal Amounts of Obligations 

Secured    16
		
	Section 4.04
	Financing Statement Adopted for all First Mortgage Bonds Listed in Section 4.03    17

		
	Section 4.05
	Recording Data for the Indenture    17

		
	Section 4.06
	Mortgage Bonds    18

	
			
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TABLE OF CONTENTS
(continued)

Page

		
	ARTICLE V
	MISCELLANEOUS    18

		
	Section 5.01
	Recitals of Fact, Except as Stated, are Statements of the Company    18

		
	Section 5.02
	Supplemental Trust Indenture to be Construed as Part of the Indenture    18

		
	Section 5.03
	Trust Indenture Act and Severability    18

		
	Section 5.04
	Indenture    18

		
	Section 5.05
	References to Either Party in Supplemental Trust Indenture Include Successors or Assigns    18

		
	Section 5.06
	Counterparts and Headings    18

Schedule A – Properties

	
			
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Supplemental Trust Indenture, made effective as of the 1st day of June, 2014, by and between NORTHERN STATES POWER COMPANY, a corporation duly organized and existing under and by virtue of the laws of the State of Wisconsin, having its principal office in the City of Eau Claire, Wisconsin (the “Company”), party of the first part, and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under and by virtue of the laws of the United States of America, having its principal office in the City of St. Paul, Minnesota, as successor trustee (the “Trustee”), party of the second part;
WITNESSETH:
WHEREAS, the Company, has heretofore executed and delivered to the Trustee its Trust Indenture, made as of April 1, 1947 (the “1947 Indenture”), whereby the Company granted, bargained, sold, warranted, released, conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed to the Trustee, and to its respective successors in trust, all property, real, personal and mixed then owned or thereafter acquired or to be acquired by the Company (except as therein excepted from the lien thereof) and subject to the rights reserved by the Company in and by the provisions of the 1947 Indenture, to be held by said Trustee in trust in accordance with the provisions of the 1947 Indenture for the equal pro rata benefit and security of all and every of the bonds issued and to be issued thereunder in accordance with the provisions thereof; and
WHEREAS, the Indenture (as defined below) provides that bonds may be issued thereunder in one or more series, each series to have such distinctive designation as the Board of Directors of the Company may select for such series; and
WHEREAS, the Company heretofore has executed and delivered to the Trustee the following additional Supplemental Trust Indentures which, in addition to conveying, assigning, transferring, mortgaging, pledging, setting over and confirming to the Trustee, and its respective successors in said trust, additional property acquired by it subsequent to the preparation of the next preceding Supplemental Trust Indenture and adding to the covenants, conditions and agreements of the Indenture certain additional covenants, conditions and agreements to be observed by the Company, created the following series of First Mortgage Bonds:

CHI-1931372 

	
		
	Date of Supplemental
Trust Indenture
	Designation of Series

	March 1, 1949
	Series due March 1, 1979 (retired)

	June 1, 1957
	Series due June 1, 1987 (retired)

	August 1, 1964
	Series due August 1, 1994 (redeemed)

	December 1, 1969
	Series due December 1, 1999 (redeemed)

	September 1, 1973
	Series due October 1, 2003 (redeemed)

	February 1, 1982
	Pollution Control Series A (redeemed)

	March 1, 1982
	Series due March 1, 2012 (redeemed)

	June 1, 1986
	Series due July 1, 2016 (redeemed)

	March 1, 1988
	Series due March 1, 2018 (redeemed)

	April 1, 1991
	Series due April 1, 2021 (redeemed)

	March 1, 1993
	Series due March 1, 2023 (redeemed)

	October 1, 1993
	Series due October 1, 2003 (retired)

	December 1, 1996
	Series due December 1, 2026 (redeemed)

	September 1, 2003
	Series A due October 1, 2018, and Series B due October 1, 2018

	September 1, 2008
	Series due September 1, 2038

	October 1, 2012
	Series due October 1, 2042

WHEREAS, the 1947 Indenture and all of the foregoing Supplemental Trust Indentures are referred to herein collectively as the “Original Indenture”; and
WHEREAS, the Company heretofore has executed and delivered to the Trustee a Supplemental and Restated Trust Indenture, dated March 1, 1991 (the “Restated Indenture”), which, in addition to conveying, assigning, transferring, mortgaging, pledging, setting over and confirming to the Trustee, and its respective successors in said trust, additional property acquired by it subsequent to the preparation of the next preceding Supplemental Trust Indenture, amended and restated the Original Indenture (except for those Supplemental Trust Indentures executed after March 1, 1991); and
WHEREAS, the Restated Indenture became effective and operative on October 1, 1993; and
WHEREAS, the Original Indenture, the Restated Indenture and all trust indentures supplemental thereto are referred to herein collectively as the “Indenture” and certain capitalized terms defined in Section 1.03 of the Restated Indenture are used with the same meanings herein; and
WHEREAS, the Company is desirous of providing for the creation under the Indenture of a new series of First Mortgage Bonds, said new series of bonds to be designated “First Mortgage Bonds, Series due June 15, 2024” the bonds of said series to be issued as registered bonds without coupons in denominations of a multiple of $1,000 and integral multiples in excess thereof, and the bonds of said series to be substantially in the following form:

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(Form of Bonds of Series due June 15, 2024) 
NORTHERN STATES POWER COMPANY 
(Incorporated under the laws of the State of Wisconsin) 
First Mortgage Bond 
Series due June 15, 2024 
CUSIP 665789 AY9
	
		
	No. _______________
	$________________

	 
	 

[Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation, to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as is requested by an authorized representative of The Depository Trust Company (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of The Depository Trust Company), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.]∗  
EXCEPT UNDER THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, THIS GLOBAL BOND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY, ANOTHER NOMINEE OF THE DEPOSITORY, A SUCCESSOR OF THE DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR. * 
NORTHERN STATES POWER COMPANY, a corporation organized and existing under and by virtue of the laws of the State of Wisconsin (the “Company”), for value received, hereby promises to pay to _________ or its registered assigns, at the office of the Trustee in St. Paul, Minnesota, the sum of _________ Dollars in lawful money of the United States of America, on the 15th day of June 2024, and to pay interest hereon from the date hereof at the rate of 3.30  percent per annum, in like money, until the principal hereof becomes due and payable; said interest being payable to the person entitled to such interest at the office of U.S. Bank National Association in St. Paul, Minnesota on the 15th day of June and on the 15th day of December in each year, commencing December 15, 2014; provided that at the option of the Company payment of interest may be made by wire transfer to the person entitled thereto if such person has provided proper wire transfer instructions or by check mailed to the address of such person as such address shall appear in the Bond Register maintained by the Trustee; provided further that as long as there is no existing default in the payment of interest and except for the payment of defaulted interest, the interest payable on any June 15 or December 15 will be paid to the person in whose name this bond was registered at the close of business on the record date (the June 1 prior to such June 15 or December 1 prior to such December 15 (whether or not a business day)).  If any interest payment date or date on which the principal of this bond is required to be paid is not a business day, then payment of principal, premium or interest need not be made on such date but may be made on the next succeeding business day with the same force and effect as if made on such interest payment date or date on which the principal of this bond is
	
	
	 

* This legend to be included if the bonds are issued as a global bond in book-entry form.

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required to be paid and, in the case of timely payment thereof, no interest shall accrue for the period from and after such interest payment date or the date on which the principal of this bond is required to be paid.  The term “business day” shall mean any day other than a Saturday or Sunday or a day on which the offices of the Trustee in the City of St. Paul, Minnesota are closed pursuant to authorization of law.
This bond is one of a duly authorized issue of bonds of the Company, known as its First Mortgage Bonds, of the series and designation indicated on the face hereof, which issue of bonds consists, or may consist, of several series of varying denominations, dates and tenor, all issued and to be issued under and equally secured (except insofar as a sinking fund, or similar fund, established in accordance with the provisions of the Indenture may afford additional security for the bonds of any specific series) by a Trust Indenture dated April 1, 1947 (the “1947 Indenture”), as supplemented by 16 supplemental trust indentures (collectively, the “Supplemental Trust Indentures”), a Supplemental and Restated Trust Indenture dated March 1, 1991 (the “Restated Indenture”) and a new supplemental trust indenture for the bonds of this series (the “Supplemental Trust Indenture”), all of which instruments are herein collectively called the “Indenture,” executed by the Company to U.S. Bank National Association, as successor trustee (the “Trustee”).  The Restated Indenture amends and restates the 1947 Indenture and certain of the Supplemental Trust Indentures and became effective and operative on October 1, 1993.  Certain capitalized terms defined in the Indenture are used with the same meanings herein.  Reference is made to the Indenture for a complete description of its terms.  Reference hereby is made to the Indenture for a description of the property mortgaged and pledged, the nature and extent of the security, the rights of the registered holders of the bonds as to such security and the terms and conditions upon which the bonds may be issued under the Indenture and are secured.  The principal hereof may be declared or may become due on the conditions, in the manner and at the time set forth in the Indenture upon the happening of a Completed Default as provided in the Indenture.
With the consent of the Company and to the extent permitted by and as provided in the Indenture, the rights and obligations of the Company and of the registered holders of the bonds and the terms and provisions of the Indenture and of any instruments supplemental thereto may be modified or altered by the affirmative vote of the registered holders of at least 66 2/3% in principal amount of the bonds then outstanding under the Indenture and any instruments supplemental thereto (excluding bonds disqualified from voting by reason of the interest of the Company or of certain related persons therein as provided in the Indenture); provided that without the consent of all registered holders of all bonds affected no such modification or alteration shall permit the extension of the maturity of the principal of any bond or the reduction in the rate of interest hereon or any other modification in the terms of payment of such principal or interest.
The Company and the Trustee may deem and treat the person in whose name this bond is registered as the absolute owner hereof for the purpose of receiving payment of or on account of the principal hereof and interest hereon and for all other purposes and shall not be affected by any notice to the contrary.
At any time prior to December 15, 2023, the Company may redeem the bonds of this series, in whole or in part on any date upon not less than 30 days’ previous notice to be given in 

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the manner and with the effect provided in Section 10.02 of the Indenture, at a redemption price equal to the greater of (i) 100% of the principal amount of such bonds of this series being redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the bonds of this series being redeemed (excluding the portion of any such interest accrued and unpaid to the date fixed for redemption), discounted to the date fixed for redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Yield (as defined below) plus 15 basis points, plus, in each case, accrued and unpaid interest thereon to but excluding the date of redemption.  At any time on or after December 15, 2023, the Company may redeem, in whole or in part, the bonds of this series at 100% of the principal amount being redeemed plus accrued and unpaid interest thereon to but excluding the date of redemption. 
“Comparable Treasury Issue” means the U.S. Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the bonds being redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the bonds being redeemed. 
“Comparable Treasury Price” means (1) the average of the Reference Treasury Dealer Quotations for the date fixed for redemption, after excluding the highest and lowest Reference Treasury Dealer Quotations for the date fixed for redemption, or (2) if the Company obtains fewer than four Reference Treasury Dealer Quotations for the date fixed for redemption, the average of all of the Reference Treasury Dealer Quotations for the date fixed for redemption. 
“Independent Investment Banker” means each of Citigroup Global Markets Inc. and Wells Fargo Securities, LLC, or their respective successors or, if such firms or their respective successors are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Company.
“Primary Treasury Dealer” means any primary U.S. Government securities dealer in the United States.
“Reference Treasury Dealer” means (1) Citigroup Global Markets Inc. and a Primary Treasury Dealer selected by Wells Fargo Securities, LLC, and their respective successors, provided, however, that if any of the foregoing ceases to be a Primary Treasury Dealer, the Company will appoint another Primary Treasury Dealer as a substitute and (2) any other two Primary Treasury Dealers selected by the Company after consultation with an Independent Investment Banker. 
“Reference Treasury Dealer Quotations” means, for each Reference Treasury Dealer and any date fixed for redemption, the average, as determined by an Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to an Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m., Eastern time, on the third business day preceding the date fixed for redemption.

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“Treasury Yield” means, for any date fixed for redemption, (1) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the remaining term, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Yield will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the date fixed for redemption. The Treasury Yield will be calculated on the third business day preceding the date fixed for redemption. 
This bond is transferable as prescribed in the Indenture by the registered holder hereof in person, or by his duly authorized attorney, at the office of the Trustee in St. Paul, Minnesota, or elsewhere if authorized by the Company, upon surrender and cancellation of this bond, and thereupon a new bond or bonds of the same series and of a like aggregate principal amount will be issued to the transferee in exchange therefor as provided in the Indenture, upon payment of taxes or other governmental charges, if any, that may be imposed in relation thereto.
Bonds of this series are interchangeable as to denominations in the manner and upon the conditions prescribed in the Indenture.
No charge shall be made by the Company for any exchange or transfer of bonds of this series, other than for taxes or other governmental charges, if any, that may be imposed in relation thereto.
The Company shall not be required to issue, transfer or exchange any bond of this series during a period of 15 days immediately preceding any selection of bonds of this series to be redeemed.  The Company shall not be required to transfer or exchange any bond of this series called or being called for redemption in its entirety or to transfer or exchange the called portion of a bond of this series which has been called for partial redemption. 
No recourse shall be had for the payment of the principal of or any premium or the interest on this bond, or any part thereof, or of any claim based hereon or in respect hereof or of said Indenture, against any incorporator, or any past, present or future shareholder, officer or director of the Company or of any predecessor or successor corporation, either directly or through the Company, or through any such predecessor or successor corporation, or through any receiver or a trustee in bankruptcy, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released, as more fully provided in the Indenture.

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This bond shall not be valid or become obligatory for any purpose unless and until the certificate of authentication hereon shall have been signed by or on behalf of U.S. Bank National Association, as successor Trustee under the Indenture, or its successor thereunder.
IN WITNESS WHEREOF, NORTHERN STATES POWER COMPANY has caused this bond to be signed in its name by its President or a Vice President and its corporate seal, or a facsimile thereof, to be hereto affixed and attested by its Secretary or an Assistant Secretary.
	
		
	Dated: ____________

 

 
Attest:_____________________
	NORTHERN STATES POWER COMPANY
 

 
By:_______________________________
   [Vice] President

(Form of Trustee’s Certificate)
This bond is one of the bonds of the series designated thereon, described in the within-mentioned Indenture.
	
		
	 
	U.S. BANK NATIONAL ASSOCIATION, as Trustee 
 
 
By: _______________________________
   Authorized Officer

and
WHEREAS, the Company is desirous of conveying, assigning, transferring, mortgaging, pledging, setting over and confirming to the Trustee and to its respective successors in trust, additional property that was not expressly described in the Original Indenture, in the Restated Indenture or in any previous Supplemental Trust Indenture; and
WHEREAS, the Indenture provides in substance that the Company and the Trustee may enter into indentures supplemental thereto for the purposes, among others, of creating and setting forth the terms of any new series of bonds and of conveying, assigning, transferring, mortgaging, pledging, setting over and confirming to the Trustee additional property of the Company, and for any other purpose not inconsistent with the terms of the Indenture; and
WHEREAS, the execution and delivery of this Supplemental Trust Indenture have been duly authorized by a resolution adopted by the Board of Directors or a Committee of the Board of Directors of the Company; and
WHEREAS, the Trustee has duly determined to execute this Supplemental Trust Indenture and to be bound, insofar as it may lawfully do so, by the provisions hereof; 
NOW, THEREFORE, Northern States Power Company, in consideration of the premises and of one dollar duly paid to it by the Trustee at or before the ensealing and delivery of these 

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presents, the receipt of which is hereby acknowledged, and other good and valuable considerations, does hereby covenant and agree to and with U.S. Bank National Association, as Trustee, and its successors in the trust under the Indenture for the benefit of the registered holders of the bonds, or any of them, issued or to be issued thereunder, as follows:
ARTICLE I
SPECIFIC SUBJECTION OF ADDITIONAL PROPERTY 
TO THE LIEN OF THE INDENTURE

SECTION 1.01.  The Company, in order to better secure the payment, of both the principal and interest, of all bonds of the Company at any time outstanding under the Indenture according to their tenor and effect and the performance of and compliance with the covenants and conditions contained in the Indenture, has granted, bargained, sold, warranted, released, conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed, and by these presents does grant, bargain, sell, warrant, release, convey, assign, transfer, mortgage, pledge, set over and confirm, unto U.S. Bank National Association, as Trustee, and to its respective successors in said trust forever, subject to the rights reserved by the Company in and by the provisions of the Indenture, all of the property described and mentioned or enumerated in the schedule annexed hereto and marked Schedule A, reference to said schedule being made hereby with the same force and effect as if the same were incorporated herein at length; together with all and singular the tenements, hereditaments and appurtenances belonging and in any way appertaining to the aforesaid property or any part thereof with the reversion and reversions, remainder and remainders, tolls, rents and revenues, issues, income, products and profits thereof;
Also, in order to subject the personal property and chattels of the Company to the Lien of the Indenture and in conformity with the provisions of the Uniform Commercial Code, all fossil, nuclear, hydro and other electric generating plants, including buildings and other structures, turbines, generators, boilers, reactors, nuclear fuel, other boiler plant equipment, condensing equipment and all other generating equipment; substations; electric transmission and distribution systems, including structures, poles, towers, fixtures, conduits, insulators, wires, cables, transformers, services and meters; steam heating mains and equipment; gas transmission and distribution systems, including structures, storage facilities, mains, compressor stations, purifier stations, pressure holders, governors, services and meters; office, shop and other buildings and structures, furniture and equipment; apparatus and equipment of all other kinds and descriptions; all municipal and other franchises, all leaseholds, licenses, permits, privileges and patent rights, parts or parcels of such real property; all as now owned or hereafter acquired by the Company pursuant to the provisions of the Indenture;
All the estate, right, title and interest and claim whatsoever, at law as well as in equity, that the Company now has or hereafter may acquire in and to the aforesaid property and franchises and every part and parcel thereof; excluding, however, (1) all shares of stock, bonds, notes, evidences of indebtedness and other securities other than such as may be or are required to be deposited from time to time with the Trustee in accordance with the provisions of the Indenture; (2) cash on hand and in banks other than such as may be or is required to be deposited from time to time with the Trustee in accordance with the provisions of the Indenture; (3) contracts, claims, bills and accounts receivable and choses in action other than such as may be or are required to be assigned to the Trustee in accordance with the provisions of the 

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Indenture; (4) motor vehicles; (5) any stock of goods, wares and merchandise, equipment and supplies acquired for the purpose of sale or lease in the usual course of business or for the purpose of consumption in the operation, construction or repair of any of the properties of the Company; and (6) the properties described in Schedule B annexed to the 1947 Indenture;
To have and to hold all said property, real, personal and mixed, mortgaged, pledged or conveyed by the Company as aforesaid, or intended so to be, to the Trustee and its successors and assigns forever, subject, however, to Permitted Encumbrances and to the further reservations, covenants, conditions, uses and trusts set forth in the Indenture; in trust nevertheless for the same purposes and upon the same conditions as are set forth in the Indenture.
ARTICLE II
FORM AND EXECUTION OF SERIES DUE JUNE 15, 2024

SECTION 2.01.  There is hereby created, for issuance under the Indenture, a series of bonds designated Series due June 15, 2024, each of which shall bear the descriptive title “First Mortgage Bonds, Series due June 15, 2024,” and the form thereof shall contain suitable provisions with respect to the matters specified in this Section 2.01.  The bonds of said series shall be substantially of the tenor and purport hereinbefore recited.  The bonds of said series shall initially be authenticated and delivered in the aggregate principal amount of $100,000,000.  The bonds of said series may be reopened and additional bonds of said series may be issued in excess of the amount initially authenticated and delivered, provided that such additional bonds of said series will contain the same terms (including the maturity date and interest rate), except for the public offering price, the issue date and, if applicable, the first interest payment date, as the other bonds of said series.  Any such additional bonds of said series, together with the bonds of said series initially authenticated, shall constitute a single series for purposes of the Indenture and shall be limited to an aggregate principal amount of $350,000,000.  The bonds of said series shall mature on June 15, 2024, and shall be issued as registered bonds without coupons in denominations of a multiple of $1,000 and integral multiples in excess thereof.  The bonds of said series shall bear interest at the rate of 3.30% per annum payable semi-annually on June 15 and December 15 of each year commencing December 15, 2014, and the principal shall be payable at the office of the Trustee in St. Paul, Minnesota, in lawful money of the United States of America, and the interest shall be payable in like money to the person entitled to such interest at said office of the Trustee in St. Paul, Minnesota, provided that at the option of the Company payment of interest may be made by wire transfer to the person entitled thereto if such person has provided proper wire transfer instructions or by check mailed to the address of such person as such address shall appear in the Bond Register maintained by the Trustee.  Interest on bonds of the Series due June 15, 2024 shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.  If any interest payment date or date on which the principal of bonds of the Series due June 15, 2024 is required to be paid is not a business day, then payment of principal, premium or interest need not be made on such date but may be made on the next succeeding business day with the same force and effect as if made on such interest payment date or date on which the principal of bonds of the Series due June 15, 2024 is required to be paid and, in the case of timely payment thereof, no interest shall accrue for the period from and after such interest payment date or the date on which the principal of bonds of the Series due June 15, 2024 is required to be paid.  The bonds of the Series due June 15, 2024 shall be dated as of the date of authentication thereof by the Trustee.

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As long as there is no existing default in the payment of interest on the bonds of the Series due June 15, 2024, the person in whose name any bond of the Series due June 15, 2024 is registered at the close of business on any Regular Record Date with respect to any interest payment date shall be entitled to receive the interest payable on such interest payment date notwithstanding any transfer or exchange of such bond of the Series due June 15, 2024 subsequent to the Regular Record Date and on or prior to such interest payment date.  Defaulted Interest shall be paid by the Company as provided in Section 2.03 of the Indenture.
The term “Regular Record Date” as used herein with respect to any interest payment date (June 15 or December 15) shall mean the June 1 prior to such June 15 or December 1 prior to such December 15 (whether or not a business day).  The term “business day” as used in this Section 2.01 shall mean any day other than a Saturday or Sunday or a day on which the offices of the Trustee in the City of St. Paul, Minnesota are closed pursuant to authorization of law.
SECTION 2.02.  At any time prior to December 15, 2023, the Company may redeem the bonds of this series, in whole or in part on any date upon not less than 30 days’ previous notice to be given in the manner and with the effect provided in Section 10.02 of the Indenture, at a redemption price equal to the greater of (i) 100% of the principal amount of such bonds of this series being redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the bonds of this series being redeemed (excluding the portion of any such interest accrued and unpaid to the date fixed for redemption), discounted to the date fixed for redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Yield (as defined below) plus 15 basis points, plus, in each case, accrued and unpaid interest thereon to but excluding the date of redemption.  At any time on or after December 15, 2023, the Company may redeem, in whole or in part, the bonds of this series at 100% of the principal amount being redeemed plus accrued and unpaid interest thereon to but excluding the date of redemption.
“Comparable Treasury Issue” means the U.S. Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the bonds being redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the bonds being redeemed.
“Comparable Treasury Price” means (1) the average of the Reference Treasury Dealer Quotations for the date fixed for redemption, after excluding the highest and lowest Reference Treasury Dealer Quotations for the date fixed for redemption, or (2) if the Company obtains fewer than four Reference Treasury Dealer Quotations for the date fixed for redemption, the average of all of the Reference Treasury Dealer Quotations for the date fixed for redemption.
“Independent Investment Banker” means each of Citigroup Global Markets Inc. and Wells Fargo Securities, LLC, or their respective successors or, if such firms or their respective successors are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Company.
“Primary Treasury Dealer” means any primary U.S. Government securities dealer in the United States.

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“Reference Treasury Dealer” means (1) Citigroup Global Markets Inc. and a Primary Treasury Dealer selected by Wells Fargo Securities, LLC, and their respective successors, provided, however, that if any of the foregoing ceases to be a Primary Treasury Dealer, the Company will appoint another Primary Treasury Dealer as a substitute and (2) any other two Primary Treasury Dealers selected by the Company after consultation with an Independent Investment Banker.
“Reference Treasury Dealer Quotations” means, for each Reference Treasury Dealer and any date fixed for redemption, the average, as determined by an Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to an Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m., Eastern time, on the third business day preceding the date fixed for redemption.
“Treasury Yield” means, for any date fixed for redemption, (1) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the remaining term, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Yield will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the date fixed for redemption. The Treasury Yield will be calculated on the third business day preceding the date fixed for redemption.
The bonds of the Series due June 15, 2024 are not subject to a sinking fund.
The redemption prices of the bonds of the Series due June 15, 2024  need not be specified in any temporary bond of said series if an appropriate reference be made in said temporary bond to the provision of this Section 2.02. 
SECTION 2.03.  The registered owner of any bond or bonds of the Series due June 15, 2024 at his option may surrender the same at the office of the Trustee in St. Paul, Minnesota, or elsewhere if authorized by the Company, for cancellation, in exchange for other bonds of the said series of the same aggregate principal amount, bearing interest as provided in Section 2.01 hereof thereupon, and upon receipt of any payment required under the provisions of Section 2.04 hereof, the Company shall execute and deliver to the Trustee and the Trustee shall authenticate and deliver such other registered bonds to such registered holder at its office or at any other place specified as aforesaid.

CHI-1931372    11

SECTION 2.04.  No charge shall be made by the Company for any exchange or transfer of bonds of the Series due June 15, 2024 other than for taxes or other governmental charges, if any, that may be imposed in relation thereto.
SECTION 2.05. (a) Except as provided in subsections (c) and (g) of this Section 2.05, the registered holder of all of the bonds of the Series due June 15, 2024 shall be The Depository Trust Company (“DTC”) and such bonds of the Series due June 15, 2024 shall be registered in the name of Cede & Co., as nominee for DTC.  Payment of principal of, premium, if any, and interest on any bonds of the Series due June 15, 2024 registered in the name of Cede & Co. shall be made by transfer of New York Federal or equivalent immediately available funds with respect to the bonds of the Series due June 15, 2024 to the account of Cede & Co. on each such payment date for the bonds of the Series due June 15, 2024 at the address indicated for Cede & Co. in the Bond Register kept by the Trustee.
(b)    The bonds of the Series due June 15, 2024 shall be initially issued in the form of one or more separate single authenticated fully registered certificates in the aggregate principal amount of the bonds of the Series due June 15, 2024.  Upon initial issuance, the ownership of such bonds of the Series due June 15, 2024 shall be registered in the Bond Register kept by the Trustee in the name of Cede & Co., as nominee of DTC.  The Trustee and the Company may treat DTC (or its nominee) as the sole and exclusive registered holder of the bonds of the Series due June 15, 2024 registered in its name for the purposes of payment of the principal of, premium, if any, and interest on the bonds of the Series due June 15, 2024 and of giving any notice permitted or required to be given to registered holders under the Indenture, except as provided in Subsection 2.05(g) below; and neither the Trustee nor the Company shall be affected by any notice to the contrary.  Neither the Trustee nor the Company shall have any responsibility or obligation to any of DTC’s participants (each a “Participant”), any person claiming a beneficial ownership in the bonds of the Series due June 15, 2024 under or through DTC or any Participant (each a “Beneficial Owner”), or any other person that is not shown on the Bond Register maintained by the Trustee as being a registered holder, with respect to (1) the accuracy of any records maintained by DTC or any Participant; (2) the payment of DTC or any Participant of any amount in respect of the principal of, premium, if any, or interest on the bonds of the Series due June 15, 2024; (3) the delivery by DTC or any Participant of any notice to any Beneficial Owner which is permitted or required to be given to registered holders under the Indenture of the bonds of the Series due June 15, 2024; (4) the selection of the Beneficial Owners to receive payment in the event of any partial redemption of the bonds of the Series due June 15, 2024; or (5) any consent given or other action taken by DTC as bondholder.  The Trustee shall pay all principal of, premium, if any, and interest on the bonds of the Series due June 15, 2024 registered in the name of Cede & Co. only to or “upon the order of” (as that term is used in the Uniform Commercial Code as adopted in Wisconsin and New York) DTC, and all such payments shall be valid and effective to fully satisfy and discharge the Company’s obligations with respect to the principal of, premium, if any, and interest on such bonds of the Series due June 15, 2024 to the extent of the sum or sums so paid. Except as otherwise provided in Subsections 2.05(c) and (g) below, no person other than DTC shall receive authenticated bond certificates evidencing the obligation of the Company to make payments of principal of, premium, if any, and interest on the bonds of the Series due June 15, 2024.  Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions of the Indenture with respect to 

CHI-1931372    12

transfers of bonds, the word “Cede & Co.” in this Supplemental Trust Indenture shall refer to such new nominee of DTC.
(c)    If the Company in its discretion determines that it is in the best interest of the Beneficial Owners that they be able to obtain bond certificates for the bonds of the Series due June 15, 2024 or there shall have occurred and be continuing a Completed Default with respect to the bonds of the Series due June 15, 2024, the Company may notify DTC and the Trustee, whereupon DTC will notify the Participants of the availability through DTC of bond certificates.  In such event, the Trustee shall issue, transfer and exchange bond certificates as requested by DTC in appropriate amounts pursuant to Article II of the Indenture and Section 2.03 of this Supplemental Trust Indenture.  The Company shall pay all costs in connection with the production of bond certificates if the Company makes such a determination under this Subsection 2.05(c).  DTC may determine to discontinue providing its services with respect to the bonds of the Series due June 15, 2024 at any time by giving written notice to the Company and the Trustee and discharging its responsibilities with respect thereto under applicable law.  Under such circumstances (if there is no successor book-entry depository), the Company and the Trustee shall be obligated (at the sole cost and expense of the Company) to deliver bond certificates as described in this Supplemental Trust Indenture.  If bond certificates are issued, the provisions of the Indenture shall apply to, among other things, the transfer and exchange of such certificates and the method of payment of principal of, premium, if any, and interest on such certificates.  Whenever DTC requests the Company and the Trustee to do so, the Company will direct the Trustee (at the sole cost and expense of the Company) to cooperate with DTC in taking appropriate action after reasonable notice (1) to make available one or more separate certificates evidencing the bonds of the Series due June 15, 2024 to any Participant or (2) to arrange for another book-entry depository to maintain custody of certificates evidencing the bonds of the Series due June 15, 2024 registered in the name of such depository or its nominee.  Any successor book-entry depository must be a clearing agency registered with the Securities and Exchange Commission pursuant to Section 17A of the Securities Exchange Act of 1934, as amended, and must enter into an agreement with the Company and the Trustee agreeing to act as the depository and clearing agency for the bonds of the Series due June 15, 2024 (except as provided in Subsection 2.05(g) below).  After such agreement has become effective, DTC shall present the bonds of the Series due June 15, 2024 for registration of transfer in accordance with Section 2.11 of the Indenture, and the Trustee shall register them in the name of the successor book-entry depository or its nominee and all references thereafter to DTC shall be to such successor book-entry depository.  If a successor book-entry depository has not accepted such position before the effective date of DTC’s termination of its services, the book-entry system shall automatically terminate and may not be reinstated without the consent of all registered holders of the bonds of the Series due June 15, 2024.
(d)    Notwithstanding any other provision of this Supplemental Trust Indenture to the contrary, so long as any bonds of the Series due June 15, 2024 are registered in the name of Cede & Co., as nominee of DTC, all payments with respect to the principal of, premium, if any, and interest on such bonds of the Series due June 15, 2024 and all notices with respect to such bonds of the Series due June 15, 2024 shall be made and given, respectively, to DTC as provided in the blanket representation letter among DTC, the Company and the Trustee.  The Trustee is hereby authorized and directed to comply with all terms of the representation letter.

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(e)    In connection with any notice or other communication to be provided pursuant to the Indenture for the bonds of the Series due June 15, 2024 by the Company or the Trustee with respect to any consent or other action to be taken by the registered holders of the bonds of the Series due June 15, 2024, the Company or the Trustee, as the case may be, shall seek to establish a record date to the extent permitted by the Indenture for such consent or other action and give DTC notice of such record date not less than fifteen (15) calendar days in advance of such record date to the extent possible.  Such notice to DTC shall be given only when DTC is the sole registered holder.
(f)    NEITHER THE COMPANY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATIONS TO THE PARTICIPANTS OR THE BENEFICIAL OWNERS WITH RESPECT TO (1) THE ACCURACY OF ANY RECORDS MAINTAINED BY DTC OR ANY PARTICIPANT; (2) THE PAYMENT BY DTC OR ANY PARTICIPANT OF ANY AMOUNT DUE TO ANY BENEFICIAL OWNER IN RESPECT OF THE PRINCIPAL OF, PREMIUM, IF ANY, OR INTEREST ON THE BONDS OF THE SERIES DUE JUNE 15, 2024; (3) THE DELIVERY BY DTC OR ANY PARTICIPANT OF ANY NOTICE TO ANY BENEFICIAL OWNER WHICH IS REQUIRED OR PERMITTED UNDER THE TERMS OF THE INDENTURE TO BE GIVEN TO REGISTERED HOLDERS; (4) THE SELECTION OF THE BENEFICIAL OWNERS TO RECEIVE PAYMENT IN THE EVENT OF ANY PARTIAL REDEMPTION OF THE BONDS OF THE SERIES DUE JUNE 15, 2024; OR (5) ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY DTC AS A REGISTERED HOLDER.
SO LONG AS CEDE & CO. IS THE REGISTERED HOLDER OF THE BONDS OF THE SERIES DUE JUNE 15, 2024 AS NOMINEE OF DTC, REFERENCES HEREIN TO REGISTERED HOLDERS OF THE BONDS OF THE SERIES DUE JUNE 15, 2024 SHALL MEAN CEDE & CO.  AND SHALL NOT MEAN THE BENEFICIAL OWNERS OF THE BONDS OF THE SERIES DUE JUNE 15, 2024 NOR THE PARTICIPANTS.
(g)    The Company, in its sole discretion, may terminate the services of DTC with respect to the bonds of the Series due June 15, 2024 if the Company determines that: (i) DTC (x) is unable to discharge its responsibilities with respect to the bonds of the Series due June 15, 2024 or (y) at any time ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended; or (ii) there shall have occurred and be continuing a Completed Default with respect to the bonds of the Series due June 15, 2024.  The Company, in its sole discretion, may terminate the services of DTC with respect to the bonds of the Series due June 15, 2024 if the Company determines that a continuation of the requirement that all of the outstanding bonds of Series due June 15, 2024 be registered with the registration books kept by the Trustee in the name of Cede & Co., as nominee of DTC, is not in the best interest of the Beneficial Owners of the bonds of the Series due June 15, 2024.  After such event and if no substitute book-entry depository is appointed by the Company, bond certificates will be delivered as described in the Indenture.
(h)    Upon the termination of the services of DTC with respect to the bonds of the Series due June 15, 2024 pursuant to subsections (c) or (g) of this Section 2.05 after which no substitute book-entry depository is appointed, the bonds of the Series due June 15, 2024 shall be 

CHI-1931372    14

registered in whatever name or names registered holders transferring or exchanging the bonds of the Series due June 15, 2024 shall designate in accordance with the provisions of the Indenture.
ARTICLE III
APPOINTMENT OF AUTHENTICATING AGENT
SECTION 3.01.  The Trustee shall, if requested in writing to do so by the Company, promptly appoint an agent or agents of the Trustee who shall have authority to authenticate registered bonds of the Series due June 15, 2024 in the name and on behalf of the Trustee.  Such appointment by the Trustee shall be evidenced by a certificate of a vice-president of the Trustee delivered to the Company prior to the effectiveness of such appointment.
SECTION 3.02.  (a) Any such authenticating agent shall be acceptable to the Company and at all times shall be a corporation which is organized and doing business under the laws of the United States or of any State, is authorized under such laws to act as authenticating agent, has a combined capital and surplus of at least $10,000,000 and is subject to supervision or examination by federal or state authority.  If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 3.02, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.
(b)    Any corporation into which any authenticating agent may lawfully be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which any authenticating agent shall be a party, or any corporation succeeding to the corporate agency business of any authenticating agent, shall continue to be the authenticating agent without the execution or filing of any paper or any further act on the part of the Trustee or the authenticating agent.
(c)    Any authenticating agent at any time may resign by giving written notice of resignation to the Trustee and to the Company.  The Trustee may at any time, and upon written request of the Company to the Trustee shall, terminate the agency of any authenticating agent by giving written notice of termination to such authenticating agent and to the Company.  Upon receiving such a notice of resignation or upon such a termination, or in case at any time any authenticating agent shall cease to be eligible in accordance with the provisions of this Section 3.02, the Trustee, unless otherwise requested in writing by the Company, promptly shall appoint a successor authenticating agent, which shall be acceptable to the Company.  Any successor authenticating agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers, duties and responsibilities of its predecessor hereunder, with like effect as if originally named.  No successor authenticating agent shall be appointed unless eligible under the provisions of this Section 3.02.
(d)    The Trustee agrees to pay to any authenticating agent, appointed in accordance with the provisions of this Section 3.02, reasonable compensation for its services, and the Trustee shall be entitled to be reimbursed for such payments.

CHI-1931372    15

SECTION 3.03.  If an appointment is made pursuant to this Article III, the registered bonds of the Series due June 15, 2024 shall have endorsed thereon, in addition to the Trustee’s Certificate, an alternate Trustee’s Certificate in the following form:
This bond is one of the bonds of the Series designated thereon, described in the within-mentioned Indenture.
	
		
	 
	U.S. BANK NATIONAL ASSOCIATION, as Trustee 
 
 
By: _______________________________
Authenticating Agent

	 
	 
 
 
By: _______________________________
Authorized Officer

	 
	 

SECTION 3.04.  No provision of this Article III shall require the Trustee to have at any time more than one such authenticating agent for any one State or to appoint any such authenticating agent in the State in which the Trustee has its principal place of business.
ARTICLE IV
FINANCING STATEMENT TO COMPLY WITH 
THE UNIFORM COMMERCIAL CODE

SECTION 4.01.  The name and address of the debtor and secured party are set forth below:
	
		
	Debtor:
	Northern States Power Company 
1414 West Hamilton Avenue
Eau Claire, Wisconsin 54701

	Secured Party:
	U.S. BANK NATIONAL ASSOCIATION 
Corporate Trust Services 
60 Livingston Avenue 
St. Paul, Minnesota 55107

NOTE:  Northern States Power Company, the debtor above named, is “a transmitting utility” under the Uniform Commercial Code as adopted in Wisconsin and Michigan.
SECTION 4.02.  Reference to Article I hereof is made for a description of the property of the debtor covered by this Financing Statement with the same force and effect as if incorporated in this Section 4.02 at length.
SECTION 4.03.  The maturity dates and respective principal amounts of obligations of the debtor secured and presently to be secured by the Indenture, reference to all of which for the 

CHI-1931372    16

terms and conditions thereof is hereby made with the same force and effect as if incorporated herein at length, are as follows:
	
		
	First Mortgage Bonds
	Principal Amount

	Series A and Series B due October 1, 2018
	$150,000,000

	Series due September 1, 2038
	$200,000,000

	Series due October 1, 2042
	$100,000,000

	Series due June 15, 2024
	$100,000,000

SECTION 4.04.  This Financing Statement is hereby adopted for all of the First Mortgage Bonds of the Series mentioned above secured by said Indenture.
SECTION 4.05.  The 1947 Indenture, the Restated Indenture and the Supplemental Trust Indentures, as set forth below, have been filed or recorded in each and every office in the States of Wisconsin and Michigan designated by law for the filing or recording thereof in respect of all property of the Company subject thereto:
	
		
	Original Indenture 
Dated April 1, 1947
	Supplemental Trust Indenture 
Dated March 1, 1949

	Supplemental Trust Indenture 
Dated June 1, 1957
	Supplemental Trust Indenture 
Dated August 1, 1964

	Supplemental Trust Indenture 
Dated December 1, 1969
	Supplemental Trust Indenture 
Dated September 1, 1973

	Supplemental Trust Indenture 
Dated February 1, 1982
	Supplemental Trust Indenture 
Dated March 1, 1982

	Supplemental Trust Indenture 
Dated June 1, 1986
	Supplemental Trust Indenture 
Dated March 1, 1988

	Supplemental and Restated Trust Indenture 
Dated March 1, 1991
	Supplemental Trust Indenture 
Dated April 1, 1991

	Supplemental Trust Indenture 
Dated March 1, 1993
	Supplemental Trust Indenture 
Dated October 1, 1993

	Supplemental Trust Indenture 
Dated December 1, 1996
	Supplemental Trust Indenture 
Dated September 1, 2003

	Supplemental Trust Indenture 
Dated September 1, 2008
	Supplemental Trust Indenture 
Dated October 1, 2012

	 
	 

CHI-1931372    17

SECTION 4.06.  The property covered by this Financing Statement also shall secure additional series of First Mortgage Bonds of the debtor that may be issued from time to time in the future in accordance with the provisions of the Indenture.
ARTICLE V
MISCELLANEOUS

SECTION 5.01.  The recitals of fact herein, except the recital that the Trustee has duly determined to execute this Supplemental Trust Indenture and be bound, insofar as it may lawfully so do, by the provisions hereof and in the bonds shall be taken as statements of the Company and shall not be construed as made by the Trustee.  The Trustee makes no representations as to the value of any of the property subjected to the Lien of the Indenture, or any part thereof, or as to the title of the Company thereto, or as to the security afforded thereby and hereby, or as to the validity of this Supplemental Trust Indenture or of the bonds issued under the Indenture by virtue hereof (except the Trustee’s certificate), and the Trustee shall incur no responsibility in respect of such matters.
SECTION 5.02.  This Supplemental Trust Indenture shall be construed in connection with and as a part of the Indenture.
SECTION 5.03.  (a)  If any provision of this Supplemental Trust Indenture limits, qualifies or conflicts with another provision of the Indenture required to be included in indentures qualified under the Trust Indenture Act of 1939, as amended (as enacted prior to the date of this Supplemental Trust Indenture) by any of the provisions of Sections 310 to 317, inclusive, of the said Act, such required provisions shall control.
(b)    In case any one or more of the provisions contained in this Supplemental Trust Indenture or in the bonds issued hereunder shall be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected, impaired, prejudiced or disturbed thereby.
SECTION 5.04.  Wherever in this Supplemental Trust Indenture the word “Indenture” is used without the prefix “1947,” “Original,” “Restated” or “Supplemental,” such word was used intentionally to include in its meaning the 1947 Indenture, as amended and restated by the Restated Indenture, and all indentures supplemental thereto.
SECTION 5.05.  Wherever in this Supplemental Trust Indenture either of the parties hereto is named or referred to, this shall be deemed to include the successors or assigns of such party, and all the covenants and agreements in this Supplemental Trust Indenture contained by or on behalf of the Company or by or on behalf of the Trustee shall bind and inure to the benefit of the respective successors and assigns of such parties, whether so expressed or not.
SECTION 5.06.  (a) This Supplemental Trust Indenture may be executed simultaneously in several counterparts, and all said counterparts executed and delivered, each as an original, shall constitute but one and the same instrument.

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(b)    The Table of Contents and the descriptive headings of the several Articles of this Supplemental Trust Indenture were formulated, used and inserted in this Supplemental Trust Indenture for convenience only and shall not be deemed to affect the meaning or construction of any of the provisions hereof.
_______________

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IN WITNESS WHEREOF, NORTHERN STATES POWER COMPANY, a Wisconsin corporation, party of the first part, has caused its corporate name and seal to be hereunto affixed, and this Supplemental Trust Indenture, to be signed by its President or a Vice President, and attested by an authorized officer, for and in its behalf, and U.S. BANK NATIONAL ASSOCIATION, a national banking association duly organized and existing under and by virtue of the laws of the United States of America, as Trustee, party of the second part, to evidence its acceptance of the trust hereby created, has caused this Supplemental Trust Indenture to be signed by its President or a Vice President, and attested by an authorized officer, for and in its behalf, all done this 16th day of June, 2014.
	
		
	 
	NORTHERN STATES POWER COMPANY 
 

  /s/ George E. Tyson II                                 
By: George E. Tyson II
Its: Vice President and Treasurer

	Attest: 
 
 
 /s/ Tara M. Heine                                        
By:  Tara M. Heine 
Its:  Assistant Secretary
	 

	Executed by NORTHERN STATES POWER COMPANY in the presence of: 
 

/s/ Mary P. Schell                                        
Mary P. Schell
Witness 
 
 
 /s/ Kaydra A. Kirtz                                     
Kaydra A. Kirtz
Witness
	(CORPORATE SEAL)

[Signature page to Supplemental Indenture] 

CHI-1931372 

	
		
	 
	U.S. BANK NATIONAL ASSOCIATION, as Trustee 
 
 
 /s/ Joshua A. Hahn                                       
By:  Joshua A. Hahn 
Its:  Vice President

	Attest: 
 
 
 /s/ Raymond S. Haverstock                         
By:  Raymond S. Haverstock 
Its:  Vice President
	 

	Executed by U.S. BANK NATIONAL ASSOCIATION, in the presence of: 
 

/s/ Denise Landeen                                     
Denise Landeen 
Witness  
 
 
/s/ Kelly Wagner                                         
Kelly Wagner
Witness 
	 

[Signature page to Supplemental Indenture]

CHI-1931372 

	
			
	State of Minnesota
	)
	 

	 
	)
	SS.:

	County of Hennepin
	)
	 

On this the 16th day of June, 2014, before me, Sharon M. Quellhorst, a Notary Public, the undersigned officer, personally appeared George E. Tyson II and Tara M. Heine, who acknowledged themselves to be the Vice President and Treasurer and the Assistant Secretary, respectively, of Northern States Power Company, a Wisconsin corporation, and that they, as such Vice President and Treasurer and Assistant Corporate Secretary, respectively, being authorized to do so, executed the foregoing instrument for the purposes therein contained, by signing the name of the corporation by themselves as George E. Tyson II and Tara M. Heine, respectively.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
		
	  /s/  Sharon M. Quellhorst                
 
Notary Public In and For County of Hennepin
State of Minnesota 
My commission expires:  January 31, 2015
	 

	 
	(Notary Seal)

[Signature page to Supplemental Indenture]

CHI-1931372 

	
			
	State of Minnesota
	)
	 

	 
	)
	SS.:

	County of Ramsey
	)
	 

On this the 13th day of June, 2014, before me, Judy A. Galberth, notary public, the undersigned officer, personally appeared Joshua A. Hahn and Raymond S. Haverstock, who acknowledged themselves to each a Vice President of U.S. Bank National Association, a national banking association, and that they, as such Vice Presidents, being authorized to do so, executed the foregoing instrument for the purposes therein contained, by signing the name of the corporation by themselves as Joshua A. Hahn and Raymond S. Haverstock, respectively.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
		
	   /s/ Judy A. Galberth            
 
Notary Public In and For County of Ramsey
State of Minnesota 
My commission expires: January 31, 2016
	 

	 
	(Notary Seal)

[Signature page to Supplemental Indenture]

CHI-1931372 

SCHEDULE A
The property referred to in the granting clause in the foregoing Supplemental Trust Indenture from Northern States Power Company to U.S. Bank National Association, as Trustee, dated as of June 1, 2014, includes parts or parcels of real property and other property hereinafter more specifically described.  Such description, however, is not intended to limit or impair the scope or intention of the general description contained in the granting clauses or elsewhere herein or in the Indenture. 

I. PROPERTIES IN THE STATE OF WISCONSIN

		
	1.
	The following described real property, situated, lying and being in the County of Barron, to wit:

Dovre Substation

Lot 1, Barron County Certified Survey Map No. 6015 as recorded in Volume 40 of Certified Survey Maps on page 90 as Document No. 803269, being part of the NE1/4 of the SW1/4 and the SE1/4 of the SW1/4, Section 15, Township 32 North, Range 10 West, Town of Dovre, Barron County, Wisconsin.  

The Parcel Identification Numbers are 022-1500-21-000P and 022-1500-17-000P.

		
	2.
	The following described real property, situated, lying and being in the County of Chippewa, to wit:

Cartwright Substation

Lot 1, Chippewa County Certified Survey Map No. 4062 recorded in Volume 18 of Certified Survey Maps on pages 232-233, as Document No. 818993, Village of New Auburn, Chippewa County, Wisconsin.  

The Parcel Identification Number is 23110-0244-74062001.
            

		
	3.
	The following described real property, situated, lying and being in the County of Eau Claire, to wit:

Sky Park Substation

Lot 1 of Certified Survey Map #2919 as recorded in Volume 16 of Certified Survey Maps on Page 257 as Document #1090537; being a part of the SE1/4 of the NE1/4 of Section 36, Township 27 North, Range 10 West, Town of Brunswick, Eau Claire County, Wisconsin. 

	
			
	CHI-1931372 
	A-1
	 

The Parcel Identification Number is 04-1118-08.

3408 Tap Line Land

Part of Government Lot 4, Section 36, Township 27 North, Range 10 West, Town of Brunswick, Eau Claire County, Wisconsin, which lies West of the Westerly right of way of Old State Highway 37 and East of the Easterly right of way of C.M. St. P. and P. Railroad and South of a line that is 325 feet South of the North line of Government Lot 4 and North of a reference line described as follows:

Commencing 393.82 feet South of the East quarter corner of Section 36; thence North 59°50’ West 1,640.41 feet; thence Northeasterly at right angles 640 feet to point of beginning; thence South 81°40’18” West 676.24 feet; thence North 59°50’ West 100 feet to the end of reference line.

The Parcel Identification Number is 004-1118-06-010.

		
	4.
	The following described real property, situated, lying and being in the County of La Crosse, to wit:

Briggs Road Substation

The NE 1⁄4 of the NW 1⁄4 of Section 13, Township 17 North, Range 8 West, Town of Onalaska, La Crosse County, Wisconsin.  EXCEPT that parcel contained in the following described parcel:

EXCEPTING that part of said parcel included in parcel recorded in Volume 818 of Records, page 801 as Document No. 1009072 described as follows: A parcel of land in Township 17 North, Range 8 West, Section 12 in the NW 1⁄4 of the SW 1⁄4 and SE 1⁄4 of the SW 1⁄4, and in Section 13 in the NE 1⁄4 of the NW 1⁄4, thereof.  Said parcel includes all that land of the owner contained within the following described traverse:

Beginning at a point located North 88 degrees 51 minutes 37 seconds West 4112.51 feet from the East 1⁄4 of said Section 12; thence South 88 degrees 51 minutes 37 seconds East 111.11 feet to the point of a curve concave to the Northeast with a radius of 4473.66 feet (from said point of the long chord bears South 25 degrees 19 minutes 43 seconds East 2805.38 feet), thence Southeasterly along the arc of said curve left 2853.51 feet; thence North 46 degrees 23 minutes 58 seconds East 49.85 feet; thence North 09 degrees 12 minutes 20 seconds East 411.34 feet; thence South 88 degrees 45 minutes 35 seconds East 66 feet; thence South 07 degrees 34 minutes 14 seconds East 404.78 feet; thence South 01 degrees 14 minutes 25 seconds West 249.59 feet; thence South 01 degrees 42 minutes 48 seconds West 605.45 feet; thence South 01 degrees 14 minutes 25 seconds West 244.98 feet; thence South 04 degrees 06 minutes 09 seconds West 600.75 feet; 

	
			
	CHI-1931372 
	A-2
	 

thence South 08 degrees 55 minutes 43 seconds West 201.81 feet; thence North 88 degrees 45 minutes 35 seconds West 66 feet; thence North 09 degrees 14 minutes 28 seconds West 203.39 feet; thence North 01 degrees 12 minutes 50 seconds West 700.64 feet; thence North 01 degrees 14 minutes 25 seconds East 509.11 feet to the point of a curve concave to the Northeast with a radius of 4783.66 feet (from said point the long chord bears North 32 degrees 27 minutes 07 seconds West 2693.29 feet) {measured N32°46’07”W, 2598.98}, thence Northwesterly along the arc of said curve right 2730.20 feet; thence North 17 degrees 52 minutes 22 seconds West 314.33 feet to a point of a curve concave to the Northeast with a radius of 4803.66 feet (from said point the long chord bears North 09 degrees 25 minutes 13 seconds West 491.29 feet), thence Northwesterly along the arc of said curve right 491.50 feet; thence South 88 degrees 51 minutes 37 seconds East 222.06 feet to the point of beginning of this EXCEPTION.

Also described as:  The NE 1⁄4 of the NW 1⁄4 of Section 13, T17N, R8W, La Crosse County, Wisconsin, except those lands previously taken or used for highway (Hwy. 53) and roadway purposes.

The Parcel Identification Number is 10-1440-000.

		
	5.
	The following described real property, situated, lying and being in the County of Monroe, to wit:

Cataract Substation Additional Land

All that part of the Southwest Quarter of the Northeast Quarter (SW1/4 of NE1/4), Section Eleven (11), Township Eighteen (18) North, Range Four (4) West, Monroe County, Wisconsin, lying East of the Town Road known as Ebony Road and lying South and West of the Southwesterly Right-of-Way of County Trunk Highway “B”, EXCEPT those lands described in Vol. 185 of Deeds, on page 349.

The Parcel Identification Number is 026-00959-0000.

 

		
	6.
	The following described real property, situated, lying and being in the County of     Sawyer, to wit:

Radisson Substation

The East Half of the Southeast Quarter (E1/2SE1/4), Section Twenty (20), Township Thirty-eight (38) North, Range Seven (7) West.

The Parcel Identification Numbers are 022-738-20-4101 and 022-738-20-4401.

	
			
	CHI-1931372 
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II. PROPERTIES IN THE STATE OF MICHIGAN

		
	1.
	The following described real property, situated, lying and being in the County of Gogebic, to wit:

Ayer St Substation Parcel 1

Located in the CITY OF IRONWOOD

Part of the Southeast 1⁄4 of the Northeast 1⁄4, Section 23, Township 47 North, Range 47 West, more particularly described as follows:

Commencing at the aluminum monument marking the East quarter corner of said Section 23;
Thence North 01°16’02” West, along the East line of the Southeast 1⁄4 of the Northeast 1⁄4, 1053.99 feet to the North right-of-way line of Ayer Street;
Thence South 73°25’05” West along the North right-of-way line of Ayer Street, 131.52 feet;
Thence continuing along north right-of-way line, South 82°05’07” West 217.75 feet;
Thence continuing along north right-of-way line, South 82°05’07” West 47.92 feet to the Southeast corner of Lot 1 of the Certified Survey Map recorded in Liber 558, page 478m being the POINT OF BEGINNING of Lot 1;
Thence continuing along North right-of-way line South 82°05’07” West, 135.60 feet to the East right-of-way line of Easy Street;
Thence North 00°38’20” west along the East right-of-way line of Easy Street, 355.97 feet to the North line of the Southeast 1⁄4 of the Northeast 1⁄4;
Thence North 89°30’31” East along the North line of the Southeast 1⁄4 of the Northeast 1⁄4, 211.46 feet;
Thence South 12°10’40” West, 346.89 feet to the POINT OF BEGINNING.

All in accordance with a Certified Survey Map by Ronald K. Johnson P.S. 46671, dated September 12, 2013 and recorded September 12, 2013 in Liber 560 records, page 702.

Excepting all oil, gas, ores and mineral interests of record and subject to any mining and development rights thereto.

The Parcel Identification Number is 2752-23-276-010.

Ayer St Substation Parcel 2

Located in the CITY OF IRONWOOD

That part of the Southeast 1⁄4 of the Northeast 1⁄4, Section 23, Township 47 North, Range 47 West, described as follows:

	
			
	CHI-1931372 
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Commencing at the aluminum monument marking the East quarter corner of said Section 23;
Thence North 01°16’02” West, along the East line of the Southeast 1⁄4 of the Northeast 1⁄4, 1053.99 feet to the North right-of-way line of Ayer Street, the POINT OF BEGINNING;
Thence South 73°25’05” West along the North right-of-way line of Ayer Street, 131.52 feet;
Thence continuing along North right-of-way line, South 82°05’07” West 217.75 feet;
Thence North 12°10’40” West 340.55 feet to the North line of the Southeast 1⁄4 of the Northeast 1⁄4;
Thence North 89°30’31” East along the North line of the Southeast 1⁄4 of the Northeast 1⁄4, 236.40 feet;
Thence South 44°43’39” East 46.04 feet to the East line of the Southeast 1⁄4 of the Northeast 1⁄4;
Thence South 00°16’02” East along the East line of the Southeast 1⁄4 of the Northeast 1⁄4, 234.69 feet to the POINT OF BEGINNING.

All in accordance with a Certified Survey Map by Ronald K. Jacobson, P.S. 46671 dated July 9, 2013 recorded July 12, 2013 in Liber 558, page 478.

Excepting all oil, gas, ores and mineral interests of record and subject to any mining and development rights thereto.

The Parcel Identification Number is 2752-23-276-005.

Marenisco Substation additional land

Located in the     TOWNSHIP OF MARENISCO

The South 355 feet of the Northwest 1⁄4 of the Northwest 1⁄4, Section 21, Township 46 North, Range 43 West lying West of the Chicago and Northwestern Railroad right of way.

Excepting all oil, gas, ores and mineral interests of record and subject to any mining and development rights thereto.

EXCEPTING THEREFROM the following parcel conveyed in Liber 159, Page 12 described as follows:

That part of the Northwest 1⁄4 of the Northwest 1⁄4 of Section 21, Township 46 North, Range 43 West;

Commencing at the Southwest corner of Lot 46 of Supervisor’s Plat of Kimberly-Clark’s Subdivision in the Village of Marenisco;
Thence North 89°24’ East, 100 feet;
Thence South 0°36’ East, 125 feet;
Thence South 89°24’ West, 100 feet;

	
			
	CHI-1931372 
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Thence North 0°36’ East, 125 feet to the POINT OF BEGINNING.

III. TRANSMISSION LINES OF THE COMPANY
IN THE STATE OF WISCONSIN

The electric transmission lines of the Company, including towers, poles, pole lines, wire switch racks, switchboards, insulators, and other appliances and equipment, and all other property forming a part thereof or appertaining thereto, and all service lines extending therefrom; together with all rights for or relating to the construction, maintenance of operation thereof, through, over, under, or upon any private property of public street or highways within as well as without the corporate limits of any municipal corporation, and particularly the following described lines, to wit:

		
	1.
	Line 3210 – A transmission line extending from the Eau Claire Substation in Section 8, Township 27 North, Range 9 West, Eau Claire County to Dairyland Power’s Elk Mound Substation in Section 14, Township 28 North, Range 10 West, Chippewa County.

		
	2.
	Line 3213 – A transmission line extending from the Eau Claire Substation in Section 8, Township 27 North, Range 9 West, Eau Claire County to the Red Cedar Substation in Section 20, Township 28 North, Range 12 West, Dunn County.

		
	3.
	Line 3216 – A transmission line extending from the Stone Lake Substation in Section 5, Township 39 North, Range 9 West, Sawyer County to Superior Water Light & Power’s Minong Substation in Section 3, Township 42 North, Range 11 West, Washburn County.

		
	4.
	Line 3217 – A transmission line extending from the Farmers Inn Substation in Section 22, Township 41 North, Range 9 West, Sawyer County to the Gingles Substation in Section 16, Township 47 North, Range 4 West, Ashland County.

		
	5.
	Line 3219 – A transmission line extending from the Hallie Substation in Section 34, Township 28 North, Range 9 West to the Gravel Island Substation in Section 24, Township 28 North, Range 9 West, all in Chippewa County.

		
	6.
	Line 3300 – A transmission line extending from transmission line 3301 to the Cornell Substation, all in Section 18, Township 31 North, Range 6 West, Chippewa County.

		
	7.
	Line 3305 – A transmission line extending from the Hydro Lane Substation in Section 3, Township 28 North, Range 8 West, Chippewa County to the T-Corners Substation in Section 13, Township 28 North, Range 1 East, Clark County.

		
	8.
	Line 3310 – A transmission line extending from transmission line 3303 in Section 36, Township 28 North, Range 19 West to the River Falls Substation in Section 1, Township 27 North, Range 19 West, all in Pierce County.

	
			
	CHI-1931372 
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	9.
	Line 3315 – A transmission line extending from the Bay Front Substation in Section 5, Township 47 North, Range 4 West, Ashland County to a Superior Water Light & Power transmission line in Section 19, Township 48 North, Range 9 West, Bayfield County.

		
	10.
	Line 3316 – A transmission line extending from the Gingles Substation in Section 16, Township 47 North, Range 4 West, Ashland County to the Ironwood Substation in Section 27, Township 47 North, Range 47 West, Gogebic County, Michigan.

		
	11.
	Line 3317 – A transmission line extending from the Park Falls Substation in Section 12, Township 40 North, Range 1 West, Price County to the Norrie Substation in Section 26, Township 47 North, Range 47 West, Gogebic County, Michigan.

		
	12.
	Line 3318 – A transmission line extending from the Holcombe Substation in Section 28, Township 32 North, Range 6 West to the Sheldon Pump Substation in Section 2, Township 32 North, Range 5 West, all in Chippewa County.

		
	13.
	Line 3319 – A transmission line extending from the Osprey Substation in Section 35, Township 36 North, Range 5 West, Rusk County to the Sheldon Pump Substation in Section 2, Township 32 North, Range 5 West, Chippewa County.

		
	14.
	Line 3320 – A transmission line extending from the Osprey Substation in Section 35, Township 36 North, Range 5 West, Rusk County to the Prentice Substation in Section 2, Township 35 North, Range 1 East, Price County.

		
	15.
	Line 3321 – A transmission line extending from the Prentice Substation in Section 2, Township 35 North, Range 1 East, to the Park Falls Substation in Section 12, Township 40 North, Range 1 West, all in Price County.

		
	16.
	Line 3322 –  A transmission line extending from transmission line 3321 in Section 7, Township 37 North, Range 1 East to the Phillips Substation in Section 18, Township 37 North, Range 1 East, all in Price County.

		
	17.
	Line 3323 - A transmission line extending from the Osprey Substation in Section 35, Township 36 North, Range 5 West, Rusk County to the Park Falls Substation in Section 12, Township 40 North, Range 1 West, Price County.

		
	18.
	Line 3324 – A transmission line extending from the Hurley Substation in Section 26, Township 46 North, Range 2 East to transmission line 3316 in Section 23, Township 46 North, Range 2 East, all in Iron County.

		
	19.
	Line 3351 – A transmission line extending from the Bay Front Substation in Section 5, Township 47 North, Range 4 West, Ashland County to the Ironwood Substation in Section 27, Township 47 North, Range 47 West, Gogebic County, Michigan.

		
	20.
	Line 3353 – A transmission line extending from Line 3351 to the Saxon Substation, all in Section 2, Township 46 North, Range 1 East, Iron County.

	
			
	CHI-1931372 
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	21.
	Line 3406 – A transmission line extending from the Eau Claire Substation in Section 8, Township 27 North, Range 9 West to the U.S. Rubber Substation in Section 17, Township 27 North, Range 9 West, all in Eau Claire County.

		
	22.
	Line 3422 – A transmission line extending from the Eau Claire Substation in Section 8, Township 27 North, Range 9 West to the Shawtown Substation in Section 30, Township 27 North, Range 9 West, all in Eau Claire County.

		
	23.
	Line 3426 – A transmission line extending from a Dairyland Power 69kV transmission line to the Kinnickinnic Substation, all in Section 22, Township 29 North, Range 18 West, St Croix County.

		
	24.
	Line 3430 – A transmission line extending from a Dairyland Power 69kV transmission line to the Luck Substation, all in Section 28, Township 36 North, Range 17 West, Polk County.

		
	25.
	Line 3435 – A transmission line extending from the Wissota Substation in Section 3, Township 28 North, Range 8 West, Chippewa County to the Eau Claire Substation in Section 8, Township 27 North, Range 9 West, Eau Claire County.

		
	26.
	Line 3440 – A transmission line extending from transmission line 3405 in Section 16, Township 28 North, Range 12 West to the Red Cedar Substation in Section 20, Township 28 North, Range 12 West, all in Dunn County.

		
	27.
	Line 3443 – A transmission line extending from transmission line 3428 in Section 29, Township 32 North, Range 16 West to a Dairyland Power 69kV transmission line in Section 2, Township 33 North, Range 16 West, all in Polk County.

		
	28.
	Line 3445 – A transmission line extending from Dairyland Power’s Merrillan Substation in Section 14, Township 22 North, Range 4 West to the Jackson County Substation in Section 13, Township 21 North, Range 4 West, all in Jackson County.

		
	29.
	Line 3446 – A transmission line extending from the Jackson County Substation in Section 13, Township 21 North, Range 4 West to transmission line 3437 in Section 18, Township 21 North, Range  3 West, all in Jackson County.

		
	30.
	Line 3448 – A transmission line extending from a Dairyland Power 69kV transmission line to the Spring Valley Substation, all in Section 3, Township 27 North, Range 16 West, Pierce County.

		
	31.
	Line 3451 – A transmission line extending from transmission line 3450 in Section 31, Township 19 North, Range 10 West to the Mississippi River in Section 6, Township 18 North, Range 10 West, all in Buffalo County.

	
			
	CHI-1931372 
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	32.
	Line 3453 – A transmission line extending from the Eau Claire Substation in Section 8, Township 27 North, Range 9 West to the Dells Substation in Section 18, Township 27 North, Range 9 West all in Eau Claire County.

		
	33.
	Line 3456 – A transmission line extending from transmission line 3403 in Section 35, Township 27 North, Range 1 East in Clark County to the Spencer Substation in Section 31, Township 27 North, Range 2 East, Marathon County.

		
	34.
	Line 3459 – A transmission line extending from transmission line 3414 in Section 27, Township 14 North, Range 4 West to the Westby Substation in Section 28, Township 14 North, Range 4 West, all in Vernon County.

		
	35.
	Line 3460 – A transmission line extending from transmission line 3429 to the Turtle Lake Substation, all in Section 31, Township 34 North, Range 14 West, Barron County.

		
	36.
	Line 3461 – A transmission line extending from a Dairyland Power 69kV transmission line to the Ettrick Substation, all in Section 4, Township 19 North, Range 7 West, Trempealeau County.

		
	37.
	Line 3462 – A transmission line extending from a Dairyland Power 69kV transmission line in Section 10, Township 26 North, Range 9 West to the London Substation in Section 3, Township 26 North, Range 9 West, all in Eau Claire County.

		
	38.
	Line 3464 – A transmission line extending from the Otter Creek Substation in Section 23, Township 27 North, Range 9 West to the Seven Mile Substation in Section 20, Township 27 North, Range 8 West, all in Eau Claire County.

		
	39.
	Line 3465 – A transmission line extending from the Alma Center Substation in Section 31, Township 23 North, Range 4 West to the Merrillan Substation in Section 14, Township 22 North, Range 4 West, all in Jackson County.

		
	40.
	Line 3467 – A transmission line extending from a Dairyland Power 69kV transmission line to the Twin Town Substation, all in Section 12, Township 33 North, Range 14 West, Barron County.

		
	41.
	Line 3469 – A transmission line extending from the Monroe County Substation in Section 24, Township 17 North, Range 4 West to the Sparta Substation in Section 13, Township 17 North, Range 4 West, all in Monroe County.

		
	42.
	Line 3470 – A transmission line extending from the Gingles Substation in Section 16, Township 47 North, Range 4 West, Ashland County to the Stone Lake Substation in Section 5, Township 39 North, Range 9 West, Sawyer County.

		
	43.
	Line 3472 – A transmission line extending from the Trails End Substation in Section 32, Township 35 North, Range 7 West, Rusk County to the Stone Lake Substation in Section 5, Township 39 North, Range 9 West, Sawyer County.

	
			
	CHI-1931372 
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	44.
	Line 3473 – A transmission line extending from transmission line 3472 in Section 36, Township 39 North, Range 9 West to the Edgewater Pump Substation in Section 1, Township 38 North, Range 9 West, all in Sawyer County.

		
	45.
	Line 3474 – A transmission line extending from the Big Falls Substation in Section 35, Township 36 North, Range 5 West to the Trails End Substation in Section 32, Township 35 North, Range 7 West, all in Rusk County.

		
	46.
	Line 3476 – A transmission line extending from Dairyland Power’s Flambeau Substation in Section 30, Township 35 North, Range 5 West to the Big Falls Substation in Section 35, Township 36 North, Range 5 West, all in Rusk County.

		
	47.
	Line 3477 – A transmission line extending from the Prentice Substation in Section 2, Township 35 North, Range 1 East, Price County to the Medford Substation in Section 32, Township 31 North, Range 1 East, Taylor County.

		
	48.
	Line 3478 – A transmission line extending from transmission line 3477 in Section 33, Township 33 North, Range 1 East to the Rib Lake Substation in Section 25, Township 33 North, Range 1 East, all in Taylor County.

		
	49.
	Line 3479 – A transmission line extending from the Medford Substation in Section 32, Township 31 North, Range 1 East to the Medford South Substation in Section 34, Township 31 North, Range 1 East, all in Taylor County.

		
	50.
	Line 3481 – A transmission line extending from a Dairyland Power 69kV transmission line in Section 22, Township 31 North, Range 1 East to the Medford North Substation in Sections 21 and 22, Township 31 North, Range 1 East, all in Taylor County.

		
	51.
	Line 3482 – A transmission line extending from the La Crosse Substation in Section 29, Township 16 North, Range 7 West, to Dairyland Power’s North La Crosse Substation in Section 13, Township 17 North, Range 8 West, all in La Crosse County.

		
	52.
	Line 3483 – A transmission line extending from transmission line 3408 in Section 36, Township 27 North, Range 10 West to the London Substation in Section 3, Township 26 North, Range 9 West, all in Eau Claire County.

		
	53.
	Line 3484 – A transmission line extending from the Eau Claire Substation in Section 8, Township 27 North, Range 9 West to the Otter Creek Substation in Section 23, Township 27 North, Range 9 West, all in Eau Claire County.

		
	54.
	Line 3486 – A transmission line extending from the Yellow River Substation in Section 6, Township 38 North, Range 12 West to a Dairyland Power 69kV transmission line in Section 31, Township 39 North, Range 12 West, all in Washburn County.

	
			
	CHI-1931372 
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	55.
	Line 3487 – A transmission line extending from the Lynn Substation in Section 5, Township 24 North, Range 1 East to transmission line 3403 in Section 32, Township 25 North, Range 1 East, all in Clark County.

		
	56.
	Line 3488 – A transmission line extending from the Ladysmith Pump Substation in Section 8, Township 34 North, Range 6 West to a Dairyland Power 69kV transmission line in Section 31, Township 35 North, Range 6 West, all in Rusk County.

		
	57.
	Line 3489 – A transmission line extending from the Stone Lake Pump Substation to transmission line 3472 all in Section 5, Township 39 North, Range 9 West, Sawyer County.

		
	58.
	Line 3490 – A transmission line extending from the Waumandee Substation to a Dairyland Power 69kV transmission line all in Section 10, Township 21 North, Range 12 West, Buffalo County.

		
	59.
	Line 3491 – A transmission line extending from transmission line 3418 in Section 7, Township 28 North, Range 7 West to the Wissota Beach Substation in Section 13, Township 28 North, Range 8 West, all in Chippewa County.

		
	60.
	Line 3492 – A transmission line extending from the City Forest Substation in Section 2, Township 34 North, Range 6 West to a Dairyland Power 69kV transmission line in Section 6, Township 34 North, Range 5 West, all in Rusk County.

		
	61.
	Line 3494 – A transmission line extending from a Dairyland Power 69kV transmission line to the Sumner Substation all in Section 15, Township 24 North, Range 7 West, Trempealeau County.

		
	62.
	Line 3495 – A transmission line extending from transmission line 3501 to the Bugle Lake Substation, all in Section 36, Township 22 North, Range 9 West, Trempealeau County.

		
	63.
	Line 3499 – A transmission line extending from transmission line 3501 in Section 27, Township 22 North, Range 8 West to WPPI Energy’s Tower Drive substation in Section 22, Township 22 North, Range 8 West, all in Trempealeau County.

		
	64.
	Line 3505 – A transmission line extending from the Hatfield Substation in Section 16, Township 22 North, Range 3 West to transmission line 3437 in Section 18, Township 21 North, Range 3 West, all in Jackson County.

		
	65.
	Line 3506 – A transmission line extending from the Eau Claire Substation in Section 8, Township 27 North, Range 9 West to the US Rubber Substation in Section 17, Township 27 North, Range 9 West, all in Eau Claire County.

		
	66.
	Line 3508

	
			
	CHI-1931372 
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	67.
	Line 3601 – A transmission line extending from the Bayfront Substation in Section 5, Township 47 North, Range 4 West, Ashland County to transmission line 3648 in Section 31, Township 49 North, Range 4 West, Bayfield County.

		
	68.
	Line 3602 – A transmission line extending from transmission line 3604 in Section 16, Township 50 North, Range 4 West to the Bayfield Substation in Section 13, Township 50 North, Range 4 West, all in Bayfield County.

		
	69.
	Line 3603 – A transmission line extending from transmission line 3648 in Section 31, Township 49 North, Range 4 West to transmission line 3604 in Section 16, Township 50 North, Range 4 West, all in Bayfield County.

		
	70.
	Line 3604 – A transmission line extending from transmission line 3603 in Section 16, Township 50 North, Range 4 West to transmission line 3605 in Section 1, Township 49 North, Range 9 West, all in Bayfield County.

		
	71.
	Line 3605 – A transmission line extending from transmission line 3604 in Section 1, Township 49 North, Range 9 West to the Iron River Substation in Section 26, Township 48 North, Range 9 West, all in Bayfield County.

		
	72.
	Line 3606 – A transmission line extending from the Gingles Substation in Section 16, Township 47 North, Range 4 West to transmission line 3607 in Section 5, Township 44 North, Range 2 West, all in Ashland County.

		
	73.
	Line 3607 – A transmission line extending from transmission line 3606 in Section 5, Township 44 North, Range 2 West in Ashland County to the Ironwood Substation in Section 27, Township 47 North, Range 47 West, Gogebic County, Michigan.

		
	74.
	Line 3608 – A transmission line extending from transmission line 3607 in Section 5, Township 44 North, Range 2 West to the Louisiana Pacific Substation in Section 6, Township 44 North, Range 2 West, all in Ashland County.

		
	75.
	Line 3609 – A transmission line extending from transmission line 3608 in Section 6, Township 44 North, Range 2 West to transmission line 3610 in Section 2, Township 42 North, Range 2 West, all in Ashland County.

		
	76.
	Line 3610 – A transmission line extending from transmission line 3612 in Section 24, Township 41 North, Range 1 West to transmission line 3609 in Section 2, Township 42 North, Range 2 West, all in Ashland County.

		
	77.
	Line 3612 – A transmission line extending from the Park Falls Substation in Section 12, Township 40 North, Range 1 West, Price County to the Butternut Substation in Section 21, Township 41 North, Range 1 West, Ashland County.

	
			
	CHI-1931372 
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	78.
	Line 3615 – A transmission line extending from the Flambeau Substation in Section 24, Township 40 North, Range 1 West to the Park Falls Substation in Section 12, Township 40 North, Range 1 West, all in Price County.

		
	79.
	Line 3624 – A transmission line extending from the Gingles Substation in Section 16, Township 47 North, Range 4 West to the Second Street Substation in Section 27, Township 48 North, Range 4 West, all in Ashland County.

		
	80.
	Line 3632 – A transmission line extending from transmission line 3607 to Dairyland Power’s Kimball Substation all in Section 23, Township 46 North, Range 2 East, Iron County.

		
	81.
	Line 3648 – A transmission line extending from transmission line 3601 in Section 31, Township 49 North, Range 4 West to the Washburn Substation in Section 5, Township 48 North, Range 4 West, all in Bayfield County.

		
	82.
	Line 3649 – A transmission line extending from transmission line 3648 to the Washburn Iron Substation, all in Section 5, Township 48 North, Range 4 West, Bayfield County.

		
	83.
	Line 3650 – A transmission line extending from the Park Falls Substation in Section 12, Township 40 North, Range 1 West to the Flambeau Substation in Section 24, Township 40 North, Range 1 West, all in Price County.

		
	84.
	Line 3703 – A transmission line extending from the LCO Hydro substation in Section 2, Township 39 North, Range 6 West to a North Central Power Company transmission line in Section 1, Township 38 North, Range 6 West, all in Sawyer County.

IV. TRANSMISSION LINES OF THE COMPANY
IN THE STATE OF MICHIGAN

The electric transmission lines of the Company, including towers, poles, pole lines, wire switch racks, switchboards, insulators, and other appliances and equipment, and all other property forming a part thereof or appertaining thereto, and all service lines extending therefrom; together with all rights for or relating to the construction, maintenance of operation thereof, through, over, under, or upon any private property of public street or highways within as well as without the corporate limits of any municipal corporation, and particularly the following described lines, to wit:

		
	1.
	Line 3325 – A transmission line extending from the Ironwood Substation in Section 27, Township 47 North, Range 47 West to the Norrie Substation in Section 26, Township 47 North, Range 47 West, all in Gogebic County.

		
	2.
	Line 3352 – A transmission line extending from the Ironwood Substation in Section 27, Township 47 North, Range 47 West to the Gogebic Substation in Section 25, Township 46 North, Range 42 West, all in Gogebic County.

	
			
	CHI-1931372 
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	3.
	Line 3626 – A transmission line extending from the Ironwood Substation in Section 27, Township 47 North, Range 47 West, Gogebic County to the Rest Lake Substation in Section 5, Township 42 North, Range 5 East, Vilas County, Wisconsin.

		
	4.
	Line 3628 – A transmission line extending from the Superior Falls Substation in Section 10, Township 48 North, Range 49 West to the Ironwood Substation in Section 27, Township 47 North, Range 47 West, all in Gogebic County.

		
	5.
	Line 3629 – A transmission line extending from the Ironwood Substation in Section 27, Township 47 North, Range 47 West to the Wakefield Substation in Section 16, Township 47 North, Range 45 West, all in Gogebic County.

		
	6.
	Line 3630 – A transmission line extending from the Ironwood Substation in Section 27, Township 47 North, Range 47 West to the Wakefield Substation in Section 16, Township 47 North, Range 45 West, all in Gogebic County.

		
	7.
	Line 3631 – A transmission line extending from the Ironwood Substation in Section 27, Township 47 North, Range 47 West, Gogebic County, to the Hurley Substation in Section 26, Township 46 North, Range 2 East, Iron County, Wisconsin.

		
	8.
	Line 3633 – A transmission line extending from the Marenisco Substation in Section 21, Township 46 North, Range 43 West to the Mine Road Substation in Section 9, Township 46 North, Range 43 West all in Gogebic County.

		
	9.
	Line 3634 – A transmission line extending from transmission line 3633 in Section 21, Township 46 North, Range 43 West, Gogebic County, to the Presque Isle Substation in Section 34, Township 44 North, Range 6 East, Vilas County, Wisconsin.

		
	10.
	Line 3635 – A transmission line extending from transmission line 3929 in Section 9, Township 47 North, Range 45 North, Gogebic County to the Bergland Substation in Section 32, Township 49 North, Range 42 West, Ontonagon County.

		
	11.
	Line 3637 – A transmission line extending from transmission line 3628 in Section 33, Township 48 North, Range 47 West to the Township Substation in Section 34, Township 48 North, Range 47 West, all in Gogebic County.

		
	12.
	Line 3638 – A transmission line extending from transmission line 3628 in Section 15, Township 47 North, Range 47 West to the North Side Substation in Section 16, Township 47 North, Range 47 West, all in Gogebic County.

		
	13.
	Line 3639 – A transmission line extending from transmission line 3629 to the Ironwood Products Substation, all in Section 16, Township 47 North, Range 46 West, Gogebic County

		
	14.
	Line 3640 - A transmission line extending from transmission line 3630 to the Bessemer Substation, all in Section 16, Township 47 North, Range 46 West, Gogebic County.

	
			
	CHI-1931372 
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V. ELECTRIC DISTRIBUTION SYSTEMS OF THE COMPANY
IN THE STATE OF WISCONSIN

The electric distribution systems of the Company, including substations, transformers, switchboards, towers, poles, wires, insulators, subways, trenches, manholes, cables and other appliances and equipment and all other property, real or personal, forming a part of, appertaining to, or used, occupied or enjoyed in connection with such distribution systems, or any of them, and all rights of way, easements, permits, privileges, franchises and statutory rights in, or relating to, the construction, maintenance or operation thereof, through, over, under, or upon any private property or any public streets or highways within as well as without the corporate limits of any municipal corporation, such systems being more particularly described as follows:

Ashland County:

A distribution system in and about the townships of Agenda, Ashland, Chippewa, Gingles, Gordon, Jacobs, La Pointe, Marengo, Morse, Peeksville, Sanborn, Shanagolden, White River.

Barron County:

A distribution system in and about the community of Barron. A distribution system in and about the townships of Almena, Arland, Barron, Bear Lake, Cedar Lake, Chetek, Clinton, Crystal Lake, Cumberland, Dallas, Dovre, Doyle, Lakeland, maple Grove, Maple Plain, Oak Grove, Prairie Farm, Prairie Lake, Rice Lake, Sioux Creek, Stanfold, Stanley, Sumner, Turtle Lake, Vance Creek.

Bayfield County:

A distribution system in and about the communities of Bayfield, Mason, Washburn.  A distribution system in and about the townships of Barksdale, Bayfield, Bayview, Bell, Cable, Clover, Drummond, Eileen, Grant View, Iron River, Kelly, Keystone, Lincoln, Mason, Namekagon, Orienta, Oulu, Port Wing, Russell, Tripp, Washburn.

Buffalo County:

A distribution system in and about the communities of Buffalo City, Cochrane.  A distribution system in and about the townships of Alma, Belvidere, Buffalo, Canton, Glencoe, Lincoln, Mondovi, Montana, Nelson, Naples, Waumandee.

Chippewa County:

A distribution system in and about the communities of Cornell, Eau Claire.  A distribution system in and about the townships of Anson, Auburn, Bloomer, Cooks Valley, Delmar, Eagle Point, Edson, Goetz, Hallie, Howard, Lafayette, Ruby, Sigel, Tilden, Wheaton, Woodmohr.

	
			
	CHI-1931372 
	A-15
	 

Clark County:

A distribution system in and about the community of Unity.  A distribution system in and about the townships of Beaver, Colby, Eaton, Foster, Fremont, Grant, Green Grove, Hixon, Hoard, Longwood, Loyal, Lynn, Mayville, Mentor, Pine Valley, Reseburg, Sherman, Thorp, Unity, Warner, Weston, Withee, Worden, York.

Crawford County:

A distribution system in and about the township of Freeman.

Dunn County:

A distribution system in and about the townships of Colfax, Dunn, Eau Galle, Elk Mound, Lucas, Hay River, Menomonie, New Haven, Otter Creek, Red Cedar, Sand Creek, Sheridan, Sherman, Spring Brook, Stanton, Tainter, Tiffany, Weston, Wilson.

Eau Claire County:

A distribution system in and about the townships of Bridge Creek, Brunswick, Clear Creek, Drammen, Fairchild, Lincoln, Otter Creek, Seymour, Union, Washington.

Iron County:

A distribution system in and about the communities of Hurley, Montreal.  A distribution system in and about the townships of Anderson, Carey, Gurney, Kimball, Knight, Mercer, Oma, Pence, Saxon, Sherman.

Jackson County:

A distribution system in and about the communities of Melvina.  A distribution system in and about the townships of Adams, Alma, Brockway, Cleveland, Curran, Garden Valley, Hixton, Melrose, North Bent, Northfield, Springfield.

La Crosse County:

A distribution system in and about the communities of DeSoto.  A distribution system in and about the townships of Bangor, Barre, Burns, Campbell, Farmington, Greenfield, Hamilton, Holland, Medary, Onalaska, Shelby, Washington.

Lincoln County:

A distribution system in and about the township of Somo.

	
			
	CHI-1931372 
	A-16
	 

Marathon County:

A distribution system in and about the townships of Bern, Brighton, Frankfort, Halsay, Holton, Hull, Johnson, Rietbrock, Spencer, Wien.

Monroe County:

A distribution system in and about the communities of Cashton.  A distribution system in and about the townships of Angelo, Greenfield, Jefferson, Lafayette, Leon, Little Falls, New Lyme, Portland, Ridgeville, Sheldon, Sparta, Wells.

Oneida County:

A distribution system in and about the township of Lynne.

Pepin County:

A distribution system in and about the townships of Durand, Lima, Pepin, Stockholm, Waterville, Waubeek.

Pierce County:

A distribution system in and about the townships of Clifton, Ellsworth, El Paso, Gilman, Hartland, Isabelle, Maiden Rock, Oak Grove, Rock Elm, River Falls, Salem, Spring Lake, Trenton, Trimbelle, Union.

Polk County:

A distribution system in and about the townships of Alden, Apple River, Beaver, Black Brook, Bone Lake, Clayton, Clear Lake, Farmington, Garfield, Johnstown, Lincoln, Luck, McKinley, Osceola, St. Croix Falls.

Price County:

A distribution system in and about the communities of Catawba, Kennan, Prentice.  A distribution system in and about the townships of Catawba, Eisenstein, Elk, Emery, Fifield, Flambeau, Georgetown, Hackett, Harmony, Hill, Kennan, Knox, Lake, Ogema, Prentice, Worcester.

Rusk County:

A distribution system in and about the communities of Conrath, Glen Flora, Hawkins, Ingram, Sheldon, Tony, Weyerhaeuser.  A distribution system in and about the townships of Atlanta, Big Bend, Big Falls, Dewey, Flambeau, Grant, Grow, Hawkings, Lawrence, Marshall, Richland, South Fork, Strickland, Stubbs, Thornapple, True, Wilson.

	
			
	CHI-1931372 
	A-17
	 

St. Croix County:

A distribution system in and about the townships of Baldwin, Cady, Cylon, Eau Galle, Emerald, Forrest, Glenwood, Hammond, Hudson, Kinnickinnic, Richmond, Rush River, St. Joseph, Somerset, Springfield, Stanton, Star Prairie, Troy, Warren.

Sawyer County:

A distribution system in and about the communities of Hayward.  A distribution system in and about the townships of Bass Lake, Couderay, Edgewater, Hayward, Lenroot, Round Lake, Sand Lake.

Taylor County:

A distribution system in and about the communities of Rib Lake.  A distribution system in and about the townships of Chelsea, Ford, Greenwood, Little Black, Rib Lake, Roosevelt, Taft, Westboro.
 
Trempealeau County:

A distribution system in and about the communities of Whitehall.  A distribution system in and about the townships of Albion, Burnside, Caledonia, Dodge, Ettrick, Gale, Hale, Lincoln, Pigeon, Preston, Sumner, Trempealeau, Unity.

Vernon County:

A distribution system in and about the townships of Bergen, Christiana, Coon, Genoa, Hamburg, Harmony, Jefferson, Sterling, Viroqua, Wheatland.

Vilas County:

A distribution system in and about the townships of Boulder Junction, Manitowish Waters, Presque Isle, Winchester.

Washburn County:

A distribution system in and about the townships of Barronett, Bashaw, Beaver Brook, Birchwood, Evergreen, Long Lake, Sarona, Spring Brook, Stinnett, Stone Lake, Trego.

VI. ELECTRIC DISTRIBUTION SYSTEMS OF THE COMPANY
IN THE STATE OF MICHIGAN

The electric distribution systems of the Company, including substations, transformers, switchboards, towers, poles, wires, insulators, subways, trenches, manholes, cables and other appliances and equipment and all other property, real or personal, forming a part of, appertaining 

	
			
	CHI-1931372 
	A-18
	 

to, or used, occupied or enjoyed in connection with such distribution systems, or any of them, and all rights of way, easements, permits, privileges, franchises and statutory rights in, or relating to, the construction, maintenance or operation thereof, through, over, under, or upon any private property or any public streets or highways within as well as without the corporate limits of any municipal corporation, such systems being more particularly described as follows:

Gogebic County:

A distribution system in and about the communities of Bessemer, Ironwood, Wakefield.  A distribution system in and about the townships of Bessemer, Erwin, Ironwood, Marenisco, Wakefield.

Ontonagon County:

A distribution system in and about the townships of Bergland, McMillan.

VII. GAS DISTRIBUTION SYSTEMS OF THE COMPANY
IN THE STATE OF WISCONSIN

Ashland County:

A gas distribution system in and about the communities of Ashland, Mellen.  A gas distribution system in and about the townships of Ashland, Gingles, Jacobs, Morse, Sanborn.

Bayfield County:

A distribution system in and about the communities of Bayfield, Washburn.  A gas distribution system in and about the townships of Barksdale, Bayfield, Bayview, Eileen, Hughes, Iron River, Russell, Washburn.

Chippewa County:

A distribution system in and about the community of Eau Claire.  A gas distribution system in and about the townships of Eagle Point, Hallie, Lafayette, Wheaton.

Dunn County:

A distribution system in and about the communities of Elk Mound.  A gas distribution system in and about the townships of Elk Mound, Menomonie, Red Cedar, Tainter.

	
			
	CHI-1931372 
	A-19
	 

Eau Claire County:

A distribution system in and about the community of Fall Creek.  A gas distribution system in and about the townships of Brunswick, Lincoln, Pleasant Valley, Seymour, Union, Washington.

Iron County:

A distribution system in and about the communities of Hurley, Montreal.  A gas distribution system in and about the townships of Carey, Kimball, Pence, Saxon.

La Crosse County:

A gas distribution system in and about the townships of Barre, Campbell, Greenfield, Holland, Medary, Onalaska, Shelby.

Monroe County:

A gas distribution system in and about the townships of Fort McCoy.

Pierce County:

A distribution system in and about the communities of Maiden Rock.  A gas distribution system in and about the townships of Maiden Rock, Salem.

Price County:

A distribution system in and about the communities of Park Falls, Phillips, Prentice.  A gas distribution system in and about the townships of Eisenstein, Elk, Fifield, Hill, Lake, Ogema, Prentice, Worcester.

St Croix County:

A distribution system in and about the community of New Richmond.  A gas distribution system in and about the townships of Erin Prairie, Hudson, Kinnickininic, Richmond, Stanton, Star Prairie, Troy.

Taylor County:

A gas distribution system in and about the townships of Rib Lake, Westboro.

	
			
	CHI-1931372 
	A-20
	 

VIII. GAS DISTRIBUTION SYSTEMS OF THE COMPANY
IN THE STATE OF MICHIGAN

Gogebic County:

A distribution system in and about the communities of Bessemer, Ironwood, Wakefield.  A distribution system in and about the townships of Bessemer, Ironwood, Wakefield.

Ontonagon County:

A distribution system in and about the townships of Bergland, McMillan.

	
			
	CHI-1931372 
	A-21
	 

MORTGAGOR’S RECEIPT FOR COPY 
The undersigned, Northern States Power Company, a Wisconsin corporation, the Mortgagor described in the foregoing instrument, hereby acknowledges that it has this day received from U.S. Bank National Association the Mortgage described therein, a full, true, complete, and correct copy of said instrument with signatures, witnesses and acknowledgments thereon shown.  Dated this 16th day of June, 2014. 
	
		
	 
	NORTHERN STATES POWER COMPANY 
 

  /s/ George E. Tyson II                                 
By:  George E. Tyson II
Its:  Vice President and Treasurer

	Attest: 
 
 
 /s/ Tara M. Heine                                      
By:  Tara M. Heine 
Its:  Assistant Secretary
	 

	 
	(CORPORATE SEAL)

This instrument was drafted by Northern States Power Company, 1414 W. Hamilton Avenue, Eau Claire, Wisconsin 54701; Attention: Dawn Schultz, Telephone: (715) 737-2482.

CHI-1931372exhibit101q12014 (1)

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

LIMITED LABORATORY AND ADMINISTRATIVE SERVICES AGREEMENT

	
																
	Company Name:
	Hooper Holmes, Inc.
	 

	Address:
	560 N. Rogers Road
	 

	City:
	Olathe
	State:
	KS
	Zip:
	66062
	 

	Contact Name:
	Ernie Sifford
	Contact Title:
	Vice President Operations
	 

	Telephone:
	913.747.2555
	Email:
	Ernie.Sifford@hooperholmes.com
	 

	Nature of Company:
	X
	Corporation
	o
	Limited Liability Company
	 

	 
	o
	Partnership
	o
	Other:
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

The company identified above (on its own behalf and on behalf of its Affiliates, and their respective employees, agents and representatives, collectively referred to herein as “Company” or “Client”) agrees to engage Clinical Reference Laboratory, Inc., a Kansas corporation (hereinafter “CRL”) to furnish specific services,  as set forth and defined herein.   “Affiliate” means any entity that directly, or indirectly through one or more intermediaries, is controlled by, is under common control with, or controls, a party to this Agreement.
This Limited Laboratory and Administrative Services Agreement (“LLASA”), including associated Exhibits, Schedules and any Statement(s) of Work executed hereunder or attached hereto (collectively, the “Agreement”), shall become effective upon Closing and as of the Closing Date of the Strategic Alliance Agreement (“SAA”) (“Effective Date”) entered into by the parties coincident herewith. The LLASA shall be construed wherever possible to avoid conflict between the documents comprising the SAA and the documents comprising the LLASA. The fact that a clause appears in one document but not another shall not be considered a conflict.
SIGNATURES:
By signing below, the undersigned certify that they have read and understand, and agree to be legally bound by, the terms and conditions of this Agreement.

1

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

	
							
	CRL:
	 
	 
	COMPANY:
	 

	CLINICAL REFERENCE LABORATORY, INC.
(by its authorized representative)
	 
	 HOOPER HOLMES, INC.
(by its authorized representative)

	 
	 
	 
	 
	 

	By:
	/s/ Timothy S. Sotos
	 
	By:
	/s/ Henry E. Dubois

	 
	 
	 
	 
	 

	Print Name:
	Timothy S. Sotos
	 
	Print Name:
	Henry E. Dubois

	 
	 
	 
	 
	 

	Title:
	Chairman/CEO
	 
	Title:
	President/CEO

	 
	 
	 
	 
	 

	Address:
	8433 Quivira Road
	 
	Address:
	560 N Rogers Road

	 
	Lenexa, KS 66215
	 
	 
	Olathe, KS  66062

	 
	 
	 
	 
	 

	Date:
	April 16, 2014
	 
	Date:
	April 16, 2014

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	CRL CONTRACT ID #
	 
	 
	COMPANY CONTRACT ID #:
	 

	 
	 
	 
	 
	 

CRL is a laboratory specializing in human specimen and bodily fluid analysis for the purpose of health assessment screening.  CLIENT desires to utilize CRL for laboratory testing services and related compliance services to support CLIENT’s provision of health risk assessment and wellness programs in the United States, Puerto Rico and Guam, pursuant to the provisions of this Agreement.
A G R E E M E N T:
		
	1.
	Services Performed.  During the term of this Agreement, and subject to the performance of CLIENT hereunder, CRL agrees to provide and perform the following services (the “Services”) for CLIENT consistent with the agreed to performance specifications, applicable Federal and state laws, statutes, regulations, and rules (“Laws”) and commensurate with standard industry practices in the wellness laboratory testing market:

		
	(a)
	Laboratory Services, including baseline laboratory testing (blood, dried blood spot, oral fluid, and/or urine analysis) for each specimen (“Specimen”) and reporting of lab test results, as more fully described in Schedule A-Pricing attached hereto and the Specification of Lab Services Agreement (“SLSA”) entered into by the parties simultaneously herewith;

		
	(b)
	Administrative Services, including the fulfillment of responsibilities  necessary for the conduct of CLIENT’s Health and Wellness events in compliance with applicable Laws, as more particularly described in Schedule B-Pricing attached hereto and the Specification of Administrative Services Agreement (“SASA”) entered into by the parties simultaneously herewith;

2

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

		
	(c)
	Any other additional or optional laboratory tests and/or services  as otherwise directed by CLIENT and accepted in writing by CRL.

		
	2.
	Term.  This Agreement shall become effective on the Closing Date of the SAA (the “Effective Date”) and shall expire at the end of five (5) years from the Effective Date (the “Initial Term”) unless auto-renewed or sooner terminated by either party by notice to the other party as follows:

		
	(a)
	For Cause.  In the event the other party commits a material breach of this Agreement, the party wishing to terminate on the basis of a material breach shall give the breaching party written notice specifying the nature of the breach, as follows:

		
	(i)
	In the event of Chronic Failure as defined in Exhibit A to the SLSA or Exhibit B to the SASA, CRL shall have five (5) days following the date of such written notice in which to cure such default.

		
	(ii)
	For any material breach, other than a Chronic Failure, the breaching party shall have thirty (30) days following the date of such written notice in which to cure such default.

If the breaching party fails or is unable to cure such default within such period, the party wishing to terminate this Agreement may do so by written notice at the expiration of the cure period. 
		
	(b)
	Contract Buy Out  If CLIENT sells substantially all of its assets (or any other transaction that results in a change of control of CLIENT) during the Initial Term and the purchaser does not assume CLIENT’s obligations under this Agreement pursuant to Section 3(e) of this Agreement  (or if CLIENT otherwise engages in any other transaction during the Initial Term in which the surviving entity desires to terminate this Agreement), CLIENT may terminate this Agreement by providing to CRL at least ninety (90) days before the effective date of such termination written notice of termination together with  a buyout fee in cash equal to the Purchase Price (as defined in the SAA), reduced ratably on a straight line basis over a five year period for each complete month commencing from the Effective Date to the effective date of termination.

		
	(c)
	Bankruptcy.  In the event a party files for protection under any bankruptcy or creditor’s rights statutes or has such action filed against it and the action is not dismissed within thirty (30) days.

		
	(d)
	Auto Renew.  Unless notice to the contrary is given, by either party, at least one (1) year prior to end of the then-current term, this Agreement shall automatically renew for successive additional five (5) year terms with each such renewal a “Renewal Term”.

Following expiration or termination, this Agreement shall be of no further force or effect except that: (i) each party shall remain liable for its own liability arising prior to such expiration or termination, and (ii) the provisions of Sections 5, 9 and 11 shall survive.

3

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

		
	3.
	Pricing and Payment.

		
	(a)
	Pricing.  CRL agrees to provide Services in exchange for timely payment from CLIENT.  CRL shall invoice CLIENT once per calendar month for Services requested by CLIENT and performed by CRL, in accordance with the prices contained in Schedule A and Schedule B attached hereto (“Price List”).

		
	(b)
	Except as stated in this provision, the Price List is guaranteed for the Initial and any Renewal Term of this agreement:

		
	i)
	Fees for sample shipping/postage may increase, with thirty (30) days written notice by CRL to CLIENT, whenever CRL receives price increase from its vendors, and/or

		
	i)
	Prices for specimen collection kits may increase, with thirty (30) days written notice by CRL to CLIENT, whenever CRL receives price increase from its vendors.

		
	ii)
	CRL has the right to increase its prices on each anniversary date of this Agreement.  Such increase shall be no greater than the increase in the Consumer Price Index (CPI-U), published by the United States Bureau of Labor Statistics from the more recent of the Effective Date or most recent date of a CRL price increase to the date CRL notifies CLIENT of the new prices. CRL will notify CLIENT at least sixty (60) days prior to the anniversary date of the Agreement on which such price increase shall become effective.  If CRL notifies CLIENT of a price increase that is greater than the increase in the Consumer Price Index (CPI-U), published by the United States Bureau of Labor Statistics from the more recent of the Effective Date or most recent date of a CRL price increase to the date CRL notifies CLIENT of the new prices, CLIENT shall have the right, effective on the date the new pricing is to take effect and upon no less than thirty (30) days prior written notice to CRL,

x)        to terminate this Agreement , or
y)        to modify this Agreement in writing only insofar as to permit CLIENT to purchase such Services from CRL as CLIENT requests (subject to a renegotiated price), and to meet its remaining requirements by either in-sourcing its lab testing services insofar and only as necessary to support its H&W Business or procuring lab testing services from another vendor to the extent CLIENT determines in its discretion.
If CLIENT fails to provide CRL timely notice of termination or modification under this Section3(b), then the price increase shall become effective and CLIENT shall have no right to exercise its options under Section 3(b)) unless and until a subsequent price increase greater than the increase in the Consumer Price Index (CPI-U) is imposed.
		
	(c)
	Payment.  CLIENT shall pay all undisputed CRL invoices no later than forty-five (45) days following CRL's submission to CLIENT of a correct invoice for services performed by CRL during the preceding 

4

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

month.  If CLIENT does not make full payment to CRL within forty-five (45) days following CRL's delivery of the undisputed  invoice to CLIENT, the payment shall immediately become subject to a fee equal to one and a half (1 1⁄2 %) of the amount due, with the entire one and a half percent (1 1⁄2%) fee accruing on the forty-sixth (46th)  day after CRL delivers the invoice to CLIENT.  In the event CLIENT fails to pay undisputed charges within sixty (60) days, CRL shall have the right to cease providing the Services and reporting results on CLIENT’s account until payment is brought current.  CRL’s suspension of Services and reporting results shall not constitute a breach of this Agreement provided CRL resumes all Services and reporting results promptly upon CLIENT’s payment of arrears.
		
	(d)
	Disputes. CLIENT may withhold payment of charges in dispute upon notice to CRL specifically identifying the charge and the reason it is disputed. The withholding of charges in dispute will not be considered overdue and the late fees described in 3(c) shall not apply. Following resolution of the dispute, CLIENT shall pay any properly due charges promptly upon receipt of a corrected invoice.

		
	(e)
	Minimum Threshold.  If CLIENT sells substantially all of its assets (or any other transaction that results in a change of control of CLIENT) during the Initial Term and the purchaser assumes CLIENT’s obligations under this Agreement, the purchaser shall be obligated to order and/or pay for a minimum of 300,000 Specimen testings per year at the Prices specified in  Schedule A for each Contract Year during the Initial Term (the “Minimum Threshold”).    For purposes of this Agreement, “Contract Year” means a period beginning on the Effective Date or any anniversary of the Effective Date and ending twelve (12) months later.

		
	4.
	Exclusivity

		
	(a)
	During the term of this Agreement, CLIENT shall use CRL as its exclusive provider of the Lab Tests specifically listed in Schedule A , except that:

		
	i)
	CLIENT shall remain free to procure Lab Tests from third party walk-in laboratory providers; and

		
	ii)
	CLIENT shall remain free to in-source Lab Services or procure Lab Services from a third party vendor in accordance with Section 3(b)(iii)(y) of the Agreement;

		
	iii)
	CLIENT shall remain free to manufacture or assemble wellness specimen collection kits or kit components for its own use, or to procure wellness specimen collection kits or kit components from third party vendors.  Nothing in this provision shall obligate CLIENT to use or procure CRL’s wellness specimen collection kits.

5

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

		
	iv)
	CLIENT shall remain free to maintain a Certificate of Waiver exclusively to conduct waived laboratory tests, as defined in the Clinical Laboratory Improvement Amendments of 1988 (“CLIA”), in the ordinary course of and exclusively in support of its H&W Business.

		
	v)
	In the event CRL is incapable (as a matter of law or fact) of providing Administrative Services in a particular jurisdiction and the parties are unable to achieve a mutually acceptable alternative approach despite good faith effort, CLIENT shall be free to procure Lab Services or otherwise engage a third party vendor (including another clinical laboratory) to enable CLIENT to conduct its H&W Business in accordance with the Laws of the relevant jurisdiction.  In the event CRL thereafter becomes capable of providing Administrative Services for such relevant jurisdiction, CRL shall notify CLIENT and, within thirty days thereafter, CLIENT will begin to procure Lab Services and Administrative Services from CRL related to any future H&W event where CLIENT is not yet obligated to procure such services from a third party.

		
	(b)
	During the Initial Term and all Renewal Terms, CRL shall include CLIENT as a member of CRL’s preferred provider network for wellness programs.

		
	5.
	Confidentiality

		
	(a)
	Confidential Information. As used in this Agreement, “Confidential Information” shall mean any information (whether written, oral or electronic) which is confidential or proprietary information of the disclosing party, which shall be deemed to include without limitation, nonpublic personal and/or protected health information of an individual, technical information, laboratory technology or procedures, processes, techniques, formulas, compounds, methodologies, research, developments, plans, licenses, information and computer systems, data, know-how, trade secrets, customers, customer lists, business prospects, catalogs and price lists, records, policies, business plans and strategy, business alliances, budgets, financial information, and information related to the disclosing party’s business, operations, assets, liabilities, equity ownership and control, marketing programs, courier systems, billing systems, personnel, suppliers and all other confidential and proprietary information of whatever description that may be divulged to the receiving party. Notwithstanding the foregoing, such definition of Confidential Information shall not include information that: (i) is, as of the time of its disclosure, or thereafter becomes, part of the public domain from a source other than the receiving party or its affiliates, employees and agents; (ii) was known to the receiving party as of the time of its disclosure, as established by written documentation bearing a date prior to the time of disclosure by the disclosing party; or (iii) is subsequently legally learned from a third party not subject to an obligation of confidentiality with respect to the information disclosed.

6

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

		
	(b)
	Non-Disclosure.  The receiving party covenants and agrees to maintain the Confidential Information of the disclosing party in strict confidence and not disclose or divulge such Confidential Information, using the same degree of care as it uses to protect its own Confidential Information of like nature, but not less than a reasonable degree of care for the kind of information involved.  Without limiting the generality of the foregoing, the receiving party shall: (i) not, directly or indirectly, disclose any such Confidential Information to any person outside its business organization, and disclose only the minimum necessary Confidential Information to persons within its business organization (including employees, officers, directors, representatives, and agents) on a “need to know” basis who have executed confidentiality agreements with the receiving party that are at least as comprehensive as the provisions of this Agreement; (ii) not disclose any Confidential Information that would violate any federal or state laws, including without limitation the Gramm-Leach-Bliley Act (“GLBA”) and/or the Health Insurance Portability and Accountability Act (“HIPAA”), (iii) maintain physical, electronic and procedural safeguards to protect the Confidential Information,  (iv) comply with the provisions of Exhibit A – Business Associate Agreement, (v) not, directly or indirectly, copy, reproduce, distribute, manufacture, duplicate, reveal, report, publish, disclose, cause to be disclosed, reverse engineer, decompile, assign or otherwise transfer such Confidential Information; and ((vi) return such Confidential Information to the disclosing party upon the disclosing party’s request provided that the receiving party may retain one copy of the Confidential Information for legal archival purposes only. The receiving party shall notify the disclosing party promptly in the event the receiving party receives legal process that would require disclosure of Confidential Information.

		
	(c)
	Non-Use. The receiving party shall not use the Confidential Information of the disclosing party for its own benefit or the benefit of any person or entity other than disclosing party, and only as instructed by the disclosing party. Notwithstanding the foregoing, CRL shall have the right, without either directly or indirectly identifying CLIENT or the Specimen donor, to utilize the results or other information from CLIENT and/or Specimen donor in statistical analysis, and CLIENT shall have the right to utilize the results or other information from Specimen donor in statistical analysis.

		
	(d)
	Proprietary Rights.  The receiving party recognizes and acknowledges that the Confidential Information of the disclosing party is confidential and the property of the disclosing party and comprises “trade secrets” as that term is defined in the Kansas Trade Secrets Act set forth in K.S.A. 60-3320 et. seq. and that the protections afforded the disclosing party under this Agreement concerning such Confidential Information are in addition to those provided by such act.  All proprietary rights created or developed by the receiving party arising out of or related to the Confidential Information of the disclosing party shall be owned by the disclosing party. The receiving party is not granted any license or other interest in such proprietary rights or any portion thereof.

		
	(e)
	Remedies.  In the event that either party is in material breach of any provision of this Agreement, it shall immediately advise the non-breaching party and take steps to remedy such breach, including 

7

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

but not limited to protecting customers, the non-breaching party and its affiliates against the consequences of any disclosure or use of Confidential Information in violation of this agreement. The receiving party acknowledges that use or disclosure of the Confidential Information of the disclosing party, whether by the receiving party, its employees, or any person or other entity associated with or under the control of the receiving party, in a manner inconsistent with this Agreement, will result in irreparable and continuing damage to the disclosing party for which there will be no adequate remedy at law and that the disclosing party may therefore obtain, in addition to any other legal remedies which may be available, such equitable relief as may be necessary to protect the disclosing party against any such breach or threatened breach, including, without limitation, injunctive relief.
		
	6.
	Intellectual Property.  The parties herein agree that CRL possesses certain intellectual property; including inventions, know-how, trade-secrets, analytical methods, computer technical expertise, software and statistical methodologies originated by CRL prior to or under or during the term of this Agreement without benefit of information provided by CLIENT (CRL’s “Intellectual Property”). CRL’s Intellectual Property is the sole property of CRL.  Further, to the extent that any improvement to or addition to CRL’s Intellectual Property, as such improvement or addition related to performing laboratory analyses and Services, made by CRL in the course of performing the Services under this Agreement, such improvement and/or addition to CRL’s Intellectual Property shall be the sole and exclusive property of CRL. Any invention that directly relates to CLIENT’s data or Confidential Information or any unique technology developed expressly and solely for CLIENT which directly relates to the Services provided by CRL hereunder shall belong to CLIENT.

		
	7.
	Information Security and Business Continuity.  CRL will comply with applicable regulations related to Information Security and Privacy as set forth in Exhibit A and use commercially reasonable efforts to ensure continuity of its business operations in support of providing the Services to CLIENT.

		
	8.
	Maintenance of records. CRL agrees to establish and maintain true and correct (in all material respects) records of all transactions and Services arising out of this Agreement. Such records shall be maintained in paper and/or electronic images for no less than seven (7) years.

		
	9.
	Indemnification.

8

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

		
	(a)
	By CRL.  CRL shall indemnify and save CLIENT, and its officers, directors, employees, agents, or representatives harmless from and against all damages sustained or incurred by a third party arising from personal injuries or other claims recovered against CLIENT, as a result of any negligent act or omission of CRL, its agents, servants, or employees, arising out of or related to this Agreement, including any and all reasonable expense, legal or otherwise, incurred by CLIENT or its officers, directors, employees, agents, or representatives in the defense of any such third party claim or suit.

		
	(b)
	By CLIENT.  CLIENT shall indemnify and save CRL, and its officers, directors, employees, agents or representatives harmless from and against all damages sustained or incurred by a third party arising from personal injuries or other claims recovered against CRL, as a result of any negligent act or omission of CLIENT, its agents, servants, or employees, arising out of or related to this Agreement, including any and all reasonable expense, legal or otherwise, incurred by CRL, or its officers, directors, employees, agents, or representatives in the defense of any such third party claim or suit.

		
	(c)
	Claims for indemnity under this Agreement shall be subject to the following additional terms:  (i) The indemnified party shall provide prompt written notice, in reasonable detail, of any claim for which it may seek indemnification hereunder; (ii) If such notice is not provided within the time stated above, the indemnified party nonetheless shall be entitled to indemnification by the indemnifying party, except to the extent that indemnifying party is actually prejudiced by the late receipt of such notice; (iii) The Indemnified Party agrees to cooperate with Indemnifying Party in a commercially reasonable manner in the defense of such claim.  Indemnifying Party shall at all times keep the Indemnified Party reasonably apprised of the status of any such action; (iv) The Indemnifying Party shall not effect a settlement of any such claim, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld. It shall not be considered unreasonable to withhold consent if the settlement contains any admission on the part of the Indemnified Party of wrongdoing or contains any sanctions other than the payment of money that the Indemnifying Party agrees to and is able to pay.

		
	10.
	Insurance.  CRL and CLIENT each, at its sole cost and expense, shall procure and maintain policies of comprehensive general liability and other insurance in the minimum amounts of $1,000,000.00 per occurrence/$2,000,000.00 aggregate to insure such party and its officers, agents, and employees against liability, claims or damages in connection with the performance of such party’s responsibilities under this Agreement.  Evidence of each party’s policies shall be submitted to the other upon the other’s written request.

		
	11.
	Consequential Damages.  CRL and CLIENT shall not be liable for any indirect, consequential,     incidental, special, punitive or other damages (except as specified herein) of any kind arising from  any claim, whether based on contract, negligence, tort, strict liability or other theory, arising out of this Agreement.

9

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

		
	12.
	Limitation of Liability.  Either Party’s entire liability and the other party’s exclusive remedy for damages on account of any claim arising out of this Agreement shall be limited as follows:

		
	(a)
	Direct damages in the case of bodily injury, death or damage to real property or to tangible personal property proximately caused by a party’s negligence;

		
	(b)
	The amount of the penalty or fine finally assessed in the case of penalties or fines imposed by a regulatory entity arising from CLIENT’s performance of delegated Administrative Services;

		
	(c)
	Direct damages in the case of all other claims, on a per claim or aggregate basis during any twelve (12) month period, not to exceed 25% of the Purchase Price as defined in the Strategic Alliance Agreement.

		
	13.
	Independent Relationship. The relationship between CRL and CLIENT pursuant to this Agreement is that of independent entities contracting with each other, and neither party shall be construed to be a joint venturer, partner, agent, employee, or representative of the other.

		
	14.
	Force Majeure. No party to this Agreement shall be liable for failure to perform any duty or obligation that said party may have under this Agreement where such failure has been occasioned by any act of God, fire, strike, inevitable accident, war or any cause outside the reasonable control of the party who had the duty to perform.

		
	15.
	Publication.  Neither of the parties herein shall use the name of the other party in any advertising or promotional literature of any type without that party’s prior written approval.

		
	16.
	Notices. Any required notices under this Agreement shall be in writing and shall be deemed validly delivered if made by hand (in which case delivery will be deemed to have been effected immediately), or by overnight mail (in which case delivery will be deemed to have been effected one (1) business day after the date of mailing), or by first class pre-paid post (in which case delivery will be deemed to have been effected five (5) days after the date of posting), or by facsimile or electronic transmission (in which case delivery will be deemed to have been effected on the day the transmission was sent).  Any such notice shall be sent to the office of the recipient set forth on the cover page of this Master Agreement or to such other office or recipient as designated in writing from time to time.

		
	17.
	Assignment. Neither party’s rights or obligations under this Agreement (except the right to receive money) will be assigned or delegated without the written consent of the other party, except that either party may without such consent assign all of its rights and delegate all of its obligations under this Agreement to an entity: (a) which such party owns or controls; (b) by which such party is owned or controlled; or (c) which is under common ownership or control with such party provided, however, that the assigning party shall remain liable to the non-assigning party for the timely performance of the obligations assigned. In the case of any assignment permitted hereunder without the other party’s consent, the assignor will 

10

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

promptly notify the non-assigning party in writing of the assignment and will include in its notice a statement of the facts that permit assignment without consent.
		
	18.
	Solvency.

(a)    CRL is not now insolvent and will not be rendered insolvent by any of the Contemplated Transactions.  As used in this Section, “insolvent” means that the sum of the debts and other probable liabilities of CRL exceeds the present fair saleable value of CRL’s assets.
		
	(b)
	Upon signing the Agreement:

		
	(i) 
	CRL will be able to pay its liabilities as they become due in the usual course of its business;

		
	(ii) 
	CRL will not have unreasonably small capital with which to conduct its present or proposed business;

		
	(iii) 
	CRL will have assets (calculated at fair market value) that exceed its liabilities; and

		
	(iv) 
	taking into account all pending and threatened litigation, final judgments against CRL in actions for money damages are not reasonably anticipated to be rendered at a time when, or in amounts such that, CRL will be unable to satisfy any such judgments promptly in accordance with their terms (taking into account the maximum probable amount of such judgments in any such actions and the earliest reasonable time at which such judgments might be rendered) as well as all other obligations of CRL.

		
	19.
	General Provisions.   This Agreement shall be governed by the laws of the State of Kansas without regard to the choice-of-law principles thereof, and is the entire agreement of the parties related to the subject matter hereof.  No amendment or waiver of any provision of this Agreement will be effective unless in a writing signed by the parties.  The illegality or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any legal and enforceable provisions hereof.  Any headings used herein are for convenience of reference only and are not a part of this Agreement, nor shall they affect the interpretation hereof. This Agreement may be executed in multiple counterparts, each of which is an original, true and correct version hereof, and shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors, and permitted assigns.

11

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

EXHIBIT A
Business Associate Agreement

WHEREAS, under the Agreement, CRL (“BA”) may perform or assists in performing function(s) or activity(s) on behalf of Client that involves the use and/or disclosure of protected health information, as defined below.
NOW THEREFORE, in consideration of the mutual promises and representations contained herein and in the Agreement, the parties hereto agree as follows:
		
	1)
	Definitions.  Business Associate Agreement (hereinafter referred to as “BA Agreement”), the following definitions shall apply:

	
			
	A)
	Agreement
	Means the agreement executed between the parties relating to the provisions of services and all amendment or addendums thereto.

	B)
	Business Associate Functions
	Means functions performed by business associate on behalf of Client pursuant to the services Agreement which involve creating, receiving, maintaining, or transmitting NPI by business associate.  Business Associate Functions shall not include any function requiring a use or disclosure that would not be permissible under the Privacy Rules if done by Client.

	C)
	GLBA
	Gramm-Leach-Bliley Act.

	D)
	HIPAA
	Health Insurance Portability and Accountability Act.

	E)
	HITECH
	Health Information Technology for Economic and Clinical Health Act provisions of the American Recovery and Reinvestment Act of 2009.

	F)
	Individual
	Means the person who is the subject of the NPI and includes a person who qualifies as a personal representative in accordance with the Privacy Rules.

	G)
	NPI
	Any nonpublic personal information of any individual as defined in Title V of GLBA and/or any PHI of any individual as defined in HIPAA.

	H)
	PHI
	Means protected health information as defined in 45 CFR § 164.501

	I)
	Required by Law
	A mandate contained in law that compels an entity to make a use or disclosure of NPI and that is enforceable in a court of law.

	J)
	Secretary
	Secretary of the U.S. Department of Health and Human Services or his/her designee.

	K)
	Privacy Rules
	Any federal or state laws concerning the privacy and security of NPI, including, without limitation, GLBA, HIPAA, and/or HITECH

	L)
	All other terms used but not otherwise defined in this agreement shall have the meaning ascribed in the HIPAA regulations.

		
	2)
	Permitted Uses and Disclosure of NPI.  Except as otherwise limited in this BA Agreement and/or the Agreement,

12

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

	
		
	A)
	BA may use NPI to perform the functions, activities or services for or on behalf of Client as specified in the Agreement provided that such use and/or disclosure would not violate any federal or state laws, including, without limitation, the Privacy Rules, if done by Client.

	B)
	BA may use NPI (i) as set forth in the Agreement, (ii) for proper management and administration of BA, and to carry out the legal responsibilities of BA; and (iii) for the provision of Data Aggregation services relating to the Healthcare Operations of the Covered Entity.

	C)
	BA may disclose NPI as set forth in section 2(b) above, provided that disclosures are (i) Required by Law, or (ii) BA obtains reasonable assurances from the person to whom the information is disclosed that it will remain confidential and used or further disclosed only as Required by Law or for the purpose for which it was disclosed to the person, and the person notifies BA of any instances of which it is aware in which the confidentiality of the information has been breached.

	D)
	BA may de-identify any and all NPI created or received by BA under this BA Agreement and/or the Agreement; provided however, that the de-identification conforms to the requirements of the Privacy Rules.  Such resulting de-identified information would not be subject to the terms of this BA Agreement.

	E)
	BA may use NPI to report violations of law to appropriate Federal and State authorities, consistent with 45 C.F.R. 164.502(j)(1).

		
	3)
	Responsibility of BA.   With regard to the use and/or disclosure of NPI, BA hereby agrees to do the following:

	
		
	A)
	Use of Disclosure of NPI.  Not use and/or disclose NPI other than as permitted or required by the Agreement or this BA Agreement or as Required by Law;

	B)
	Safeguards.  Maintain and use appropriate safeguards (including administrative, physical and technical safeguards that reasonably and appropriately protect the confidentiality, integrity and availability of the electronic NPI that BA creates, receives, maintains or transmits on behalf of Client as required by 45 CFR 164.314) to protect and prevent the use and/or disclosure of NPI other than as provided by this BA Agreement or the Agreement.  BA shall document and keep these safeguards current;

	C)
	Mitigation.  Mitigate, to the extent practicable, any harmful effect that is known to BA of a use or disclosure of NPI by BA in violation of the requirements of this BA Agreement or the Agreement;

13

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

	
		
	D)
	Reporting.
a)   Promptly notify Client of any use and/or disclosure of NPI not provided for by this BA Agreement or the Agreement of which it becomes aware;
b)   Report to Client any Security Incident in regard to Client’s electronic NPI of which BA becomes aware.  This does not include trivial incidents that occur on a routine basis, including but not limited to scans, “pings” or unsuccessful attempts to penetrate computer networks or servers maintained by BA;
c)   With the exception of law enforcement delays that satisfy the requirements of HIPPA or as otherwise required by law, BA shall notify CLIENT promptly, in writing without unreasonable delay and in no case later than sixty (60) calendar days, upon the discovery of a breach of Unsecured NPI.  Such notice shall include, to the extent possible, the name of each individual whose Unsecured NPI has been, or is reasonably believed by BA to have been accessed, acquired, or disclosed during such breach.  BA shall also, to the extent possible, furnish Client with any other available information that Client is required to include in its notification to individuals under HIPPA at the time of BA’s notification to Client or promptly thereafter as such information becomes available.  For purposes of this BA Agreement, a breach of Unsecured NPI shall be treated as discovered by BA as of the first day on which such breach is known to BA or should reasonably have been known to BA by exercising reasonable diligence.

	E)
	Agents/Subcontractors.  to ensure that any agent, including subcontractors, to whom it provides NPI received from, or created or received by BA on behalf of Client, agrees to the same restrictions and conditions that apply to BA pursuant to this BA Agreement and the Agreement, including but not limited to implementing reasonable and appropriate safeguards to protect it;

	F)
	Access.
Provide access, at the request of Client, within two (2) weeks from the date of receipt of such request,  to NPI in a Designated Record Set received from, or created or received by BA on behalf of Client, to Client in order to meet the requirements under Privacy Rules.  This provision shall be applicable only if BA has NPI in a Designated Record Set;
Make internal practices, books, and records, including policies and procedures and NPI, relating to the use and/or disclosure of NPI received from, or created or received by BA on behalf of Client, available to Client, or at the request of Client, to the Secretary, in a time and manner mutually agreed upon or as is designated by the Secretary for purposes of determining Client’s compliance with the Privacy Rules;

	G)
	Amendments.  Make any amendment(s), within two (2) weeks from the date of the receipt of such request, to NPI in a Designated Record Set that Client directs or agrees to pursuant to Privacy Rules, at the request of Client.  This provision shall be applicable only if BA has NPI in a Designated Record Set;

14

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

	
		
	H)
	Accounting of Disclosures.
Document such disclosures of NPI and information related to such disclosures as would be required for BA to respond to a request by an individual for an accounting of disclosures of NPI in accordance with Privacy Rules; and
Provide to Client, within two (2) weeks from the date of the receipt of such request, a description of any disclosures of NPI and information related to such disclosures to permit Client to respond to a request by an individual for an accounting of disclosures of NPI in accordance with Privacy Rules.

	I)
	Restrictions.  BA shall comply with an individual’s request to restrict disclosure of NPI of that individual and shall notify Client of individual’s request within ten (10) business days of such request; where such individual is a customer of Client.  Upon request of Individual, BA will not disclose Individual’s NPI for purposes of payment or Healthcare Operations when Individual paid in full out of pocket for Services to which NPI relate (45 CFR § 164.522)

	J)
	Minimum Necessary.  BA shall limit its use, disclosure, or request of NPI to the minimum necessary to accomplish the intended purpose of such use, disclosure or request as agreed to by the parties pursuant to the Agreement.

	K)
	Remuneration.  BA may not receive direct or indirect remuneration in exchange for NPI, except where so authorized by the individual or by law.

	L)
	Alternative Communications.  BA agrees to accommodate alternative means or alternative locations to communicate NPI, and document those alternate means or alternate locations, at the request of Client or an individual pursuant to 45 CFR 164.522(b), in a prompt and reasonable manner consistent with HIPAA.

		
	4)
	Obligations of Client.

	
		
	A)
	Client shall provide BA with any limitations in its notice of privacy practices that Client produces in accordance with Privacy Rules as well as any changes to such limitations, to the extent that such limitations may affect BA’s use or disclosure of NPI.

	B)
	Client shall notify BA of any changes in, restrictions to, or revocation of, use or disclose of individual’s NPI, to the extent that such changes may affect BA’s use or disclosure of NPI.

	C)
	Client shall obtain any consent, authorization or permission that may be required by the Privacy Rules or applicable state laws and/or regulations prior to furnishing BA the NPI pertaining to an individual.

	D)
	Client shall not request BA to use or disclose NPI in any manner that would not be permissible under the Privacy Rules if done by Client.

		
	5)
	Term. This BA Agreement shall survive the termination of the Agreement and shall continue for as long as BA has access to NPI.  In the event that any term or provision of this BA Agreement shall conflict with any term or provisions of the Agreement, the term of provision of this BA Agreement shall govern, control and be given effect.  All other terms and conditions of the Agreement shall remain in full force and effect.  Client may immediately terminate any and/or all Agreements between BA and Client if Client determines that BA has violated any material requirements of the Privacy Rules or this BA Agreement. Alternatively, at the discretion of Client, Client may grant to BA a reasonable time in which to cure any such violations to the reasonable satisfaction of Client.

15

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

	
		
	A)
	Except as provided in Section 5.B. below, upon termination of the Agreement and this BA Agreement, for any reason, BA shall destroy all NPI received from Client, or created or received by BA on behalf of Client.  This provision shall apply to NPI that is in the possession of subcontractors or agents of BA. Notwithstanding the foregoing and to the extent permitted by law, BA may keep a copy of any NPI received from Client or received or created by BA on behalf of Client for maintaining reasonably appropriate business records, as may be required by law, or to the extent such NPI is incorporated into BA’s systems or databases.

	B)
	If BA determines that destroying the NPI is infeasible, BA shall provide to Client notification of the conditions that make destruction infeasible.  BA shall extend the protections of this BA Agreement to such NPI and limit further uses and disclosures of such NPI to those purposes that make the destruction infeasible, for so long as BA maintains such NPI.

		
	6)
	Amendment.  The parties agree to take such action as is necessary to amend the Agreement and this BA Agreement from time to time as is necessary for Client to comply with the requirements of the Privacy Rules.  The parties agree to negotiate such amendments in good faith in order to bring Client into compliance with Privacy Rules.  Any such amendments will be in writing and signed by both parties.  In the event that Parties cannot agree on the terms of any required amendment, either party may immediately terminate the Agreement and such termination will not be considered a breach of the Agreement or this BA Agreement.

		
	7)
	Interpretation.  Any ambiguity in the Agreement or this BA Agreement shall be resolved in favor of the meaning that permits Client to comply with the Privacy Rules.  If there is a dispute in the interpretation, the parties will enter into good faith negations to try and resolve the dispute.  If the dispute cannot be resolved, either party may immediately terminate the Agreement and such termination will not be considered a breach of the Agreement or this BA Agreement.

		
	8)
	Indemnification.

	
		
	A)
	By BA.  BA shall indemnify and save CLIENT, and its officers, directors, employees, agents, or representatives harmless from and against all damages sustained or incurred by a third party arising from personal injuries or other claims recovered against CLIENT, as a result of any negligent act or omission of BA, its agents, servants, or employees, arising out of or related to this BA Agreement, including any and all reasonable expense, legal or otherwise, incurred by CLIENT or its officers, directors, employees, agents, or representatives in the defense of any such third party claim or suit.

	B)
	By CLIENT.  CLIENT shall indemnify and save BA, and its officers, directors, employees, agents or representatives harmless from and against all damages sustained or incurred by a third party arising from personal injuries or other claims recovered against BA, as a result of any negligent act or omission of CLIENT, its agents, servants, or employees, arising out of or related to this BA Agreement, including any and all reasonable expense, legal or otherwise, incurred by BA, or its officers, directors, employees, agents, or representatives in the defense of any such third party claim or suit.

		
	9)
	Notices.  All notices given pursuant to this BA Agreement shall be in writing and shall be accomplished by personal delivery, certified mail or overnight mail followed by postmark within two (2) days. Any such notice shall be treated as having been given on the date of actual receipt. All such notices shall be sent as follows to the addresses set forth on the signature page of this BA Agreement.

16

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

		
	10)
	Counterparts; Facsimile Signatures.  This BA Agreement may be executed simultaneously in two or more counterparts (by facsimile, email or other electronic means), each of which will be considered an original, but all of which together will constitute one and the same instrument and shall be admissible in evidence.

		
	11)
	Governing Law.  This Agreement shall be governed by and construed, interpreted, and enforced in accordance with the laws of the State of Kansas, without reference to its conflicts or choice of law principles.  Each party hereto agrees to the exclusive and personal jurisdiction of the District Court of Johnson County, Kansas and hereby waives any objection it may have to the laying of venue of any such proceeding and any claim or defense of inconvenient forum.

		
	12)
	Survival.  The respective right and obligations of BA and Client under Section 5 of this BA Agreement shall survive termination of this BA Agreement.

17

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

SCHEDULE A  – LAB SERVICES
PRICE LIST

		
	•
	The pricing below is for laboratory testing only.  Collection kits, kit supplies, inbound freight, outbound freight and all other services are excluded from this pricing.

		
	•
	Pricing includes data entry of a maximum of three (3) fields:  i) CRL Unique Barcode Sequence ID; ii) date of birth and iii) gender.

		
	•
	Additional data entry will be priced according to the number and complexity of fields with a maximum of ten (10) fields for an additional $[***] per sample.

		
	•
	Pricing includes all lab test reports being reported to CLIENT only.

		
	•
	Pricing includes a single, consolidated invoice for all services to CLIENT only.

		
	•
	Panel details and test code mapping contained in the client specification document.

18

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

	
			
	ROUTINE PANELS

	First 300,000 Samples in Contract Year
	For Samples 300,001+ in Contract Year

	Basic Blood Chemistry Profile
	 
	 

	 
	$[***]
	$[***]

	 
	 
	 

	Lipid Panel
	 
	 

	 
	$[***]
	$[***]

	 
	 
	 

	Metabolic Profile
	 
	 

	 
	$[***]
	$[***]

	 
	 
	 

	SPECIALTY PANELS

	 
	 

	CBC
	 
	 

	 
	$[***]
	$[***]

	 
	 
	 

	Comprehensive Health Profile
	 
	 

	 
	$[***]
	$[***]

	 
	 
	 

	Heart Profile
	 
	 

	 
	$[***]
	$[***]

	 
	 
	 

	Electrolytes
	 
	 

	 
	$[***]
	$[***]

	 
	 
	 

	Comprehensive Health Profile plus Electrolytes
	 
	 

	 
	$[***]
	$[***]

19

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

Reflex, Add-on, or Stand Alone Tests

	
			
	Test
	Reflex or Add-on
	Stand Alone

	Test 001
	$[***]
	$[***]

	Test 002
	$[***]
	$[***]

	Test 003
	$[***]
	$[***]

	Test 004
	$[***]
	$[***]

	Test 005
	$[***]
	$[***]

	Test 006
	$[***]
	$[***]

	Test 007
	$[***]
	$[***]

	Test 008
	$[***]
	$[***]

	Test 009
	$[***]
	$[***]

	Test 010
	$[***]
	$[***]

	Test 011
	$[***]
	$[***]

	Test 012
	$[***]
	$[***]

	Test 013
	$[***]
	$[***]

	Test 014
	$[***]
	$[***]

	Test 015
	$[***]
	$[***]

	Test 016
	$[***]
	$[***]

	Test 017
	$[***]
	$[***]

	Test 018
	$[***]
	$[***]

	Test 019
	$[***]
	$[***]

	Test 020
	$[***]
	$[***]

	
		
	Wal-Mart ReliOn® Tests
	 

	 
	 

	Test WM001
	$[***]

Testing Fees shall not be charged for:

		
	a. 
	confirmatory tests requested by CLIENT (where the confirmatory test indicates that the initial testing was inaccurate);

		
	b.
	any testing performed on replacement Specimen when the original Specimen is damaged as a result of an act or omission of CRL;

		
	c.
	any Specimen reported outside the Service Level objectives set forth  in section 3.1 (b), (c) and (d) herein as calculated on a monthly basis.

In the event CLIENT’s customer requires reimbursement of testing fees for improperly tested specimens, without providing replacement specimen for re-test, CRL shall reimburse CLIENT for all testing fees applicable to the original specimen testing if previously paid by CLIENT.

Minimum Volume Pricing in the event of Change of Control (Section 3(e) of the LLASA):

20

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

If the new purchaser fails to order and pay for Services, the aggregate value of which under the LLASA meets or exceed the Minimum Threshold as set forth in Section 3(e), then such purchaser shall pay CRL an amount equal to the difference between (i) the Minimum Threshold and (ii) the number of units for which CRL received revenue in the Contract Year multiplied by 40% of the then applicable Price for the Basic Blood Chemistry Profile.  Purchaser shall make this payment to CRL within fifteen (15) days after the end of each Contract Year.

21

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

SCHEDULE B  - ADMINISTRATIVE SERVICES
PRICE LIST

		
	1.
	CLIENT will be responsible to pay CRL for any activity or undertaking in support of CRL’s delivery of the Administrative Services, on a time and materials basis as set forth inthis Schedule, the SASA or, any applicable SOW(s), or as mutually agreed upon for any Administrative Service not specifically included in Exhibit C or an SOW.

		
	2.
	In addition, CLIENT shall reimburse CRL for all application fees and other out of pocket expenses related to advance notification or permit requirements for H&W events.  For avoidance of doubt, CRL shall be solely responsible for all costs and fees associated with state lab licenses.

		
	3.
	CRL will charge no fee for the following components of Administrative Services:

		
	a.
	Provide CRL’s written documentation of testing protocols, lab credentials, equipment, proficiency testing and other supporting data requested by a regulatory body.

		
	b.
	Affix signatures of appropriate CRL personnel for the completion of applications or permits

		
	c.
	Make available CRL’s Customer Service Representative or other personnel for meetings with regulators, except that CLIENT will reimburse CRL for reasonable travel related expenses consistent with CLIENT’s travel policies.

		
	d.
	Visits by CLIENT”s customers to CRL’s facility

		
	4.
	Where a component of Administrative Services involves CRL expenditure of personnel resources that create a materially cost to CRL, CRL will advise CLIENT of such prior to providing such Administrative Services and, upon CLIENT’s approval to perform the requested Administrative Services, will charge CLIENT for such costs as follows:

		
	a.
	Lab Director/MD Pathologist/Ph.D support - $225/hour

		
	b.
	Legal/Compliance related support - $150/hour

		
	c.
	Other Lab Personnel support - $95/hour

		
	d.
	Sales support - $95/hour

		
	e.
	Event related support - $75/hour

		
	f.
	Reimbursement of reasonable travel related expenses

22

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

EXHIBIT A TO THE SPECIFICATION OF LABORATORY SERVICES AGREEMENT

EXHIBIT A
SERVICE LEVEL OBJECTIVES

1.    Assumptions
		
	1.1
	The parties agree to the following assumptions regarding the scope and nature of the Services to be provided:

		
	(a)
	Eighty percent (80%) or more of the Specimens submitted with require only routine panels;

		
	(b)
	Eighty percent (80%) or more of the Specimens submitted will not require reflex testing;

		
	(c)
	All Specimens will require no more than three (3) fields of data entry;

		
	(d)
	All Specimens will be submitted with consent forms that are substantially identical.

2.    Assumptions/Service Level Review
		
	2.1
	From time to time, and in no event more frequently than semi-annually, the parties may review the assumptions and service level objectives and revise some or all of the assumptions or service level objectives, or the methodology used to measure or report CRL's performance with respect to these standards.  Changes to the assumptions or service level objectives will be effective only if amended in writing pursuant to the terms of the provisions of SLSA. 

		
	2.2
	Service Level Objectives shall be measured by CRL and reported to CLIENT on a monthly basis in accordance with the terms of the Agreement. To the extent that automated measures are not currently in place for a Service Level Objective, CRL shall achieve, measure and report such Service Level Objective.  

3.    Service Level Objectives
		
	3.1
	For Laboratory Testing Services, the Service Level Objectives shall only apply to specimens CRL receives that are properly collected, packaged and shipped to CRL with all required information included upon delivery to CRL (“Clean Specimen”).  All time calculations shall begin on the day the specimen is received if such specimen is received on or before 12:00 p.m. (Noon) Central time Monday-Friday.  Time calculations for all specimens received after 12:00 p.m. (Noon) Central time Monday-Friday, Saturday, Sunday or CRL-recognized holiday shall begin on the next business day at CRL’s location.  For example and to avoid doubt, a specimen received at 3:00 p.m. Central time on a Tuesday will be considered “received” for purposes of service level objectives on Wednesday.

	
	
	 

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

		
	a.
	CRL will complete the setup/accessioning of all Clean Specimens received from CLIENT the same business day they are received.

		
	b.
	CRL will deliver to CLIENT Routine Panel results for 95% of the Clean Specimens received on or before the business day immediately following receipt of the Specimens.

		
	c.
	CRL will deliver to CLIENT Routine Panel test results for 99% of the Clean Specimens received within five (5) business days after receipt of the Specimens.

		
	d.
	CRL will deliver to CLIENT reflexive and confirmatory test results for 97% of the Clean Specimens within five (5) business days after receipt of the Specimens.

		
	e.
	CRL will perform all testing and reporting in accordance with CAP/CLIA and other relevant state requirements.  CRL will submit to CLIENT amended reports, due to originally reported inaccurate test results, on no more than 0.50% of the total number of specimens processed for CLIENT during the month.

		
	f.
	Over a monthly period, CRL will respond 95% of the time during normal business hours to customer service inquiries within the same business day of contact by CLIENT and cooperate fully to resolve issues.  If issues are not resolved within three business days of initial contact, CLIENT may escalate to the next level of CRL management and continue escalating every three business days thereafter up to CEO until issues are resolved. 

		
	g.
	CRL will deliver one consolidated invoice, in accordance with section 3 of the Limited Laboratory and Administrative Services Agreement, within fifteen (15) business days following the last day of the month for which charges apply.

4.    Penalties for Non Performance:
		
	4.1
	CRL’s failure to meet the same individual Service Level Objective for a period of four or more months, whether or not consecutive, during a twelve (12) month period, will constitute a Chronic Failure, for which CLIENT may exercise its right to terminate in accordance with Section 2(a) of the LLASA.

	
	
	 

Confidential Information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission.  Confidential Treatment has been requested with respect to this omitted information pursuant to an application for confidential treatment filed with the Commission under Rule 24b-2 under the Securities Exchange Act of 1934, as amended

EXHIBIT B TO THE SPECIFICATION OF ADMINISTRATIVE SERVICES AGREEMENT

EXHIBIT B - ADMINISTRATIVE SERVICES

SERVICE LEVEL OBJECTIVES

For Administrative Services, CRL will complete its performance as follows:

(a) for affixing appropriate signatures to required applications, permits or other documents prepared by CLIENT, within two (2) business days;

(b) for the submission of documents, where CRL must do so directly, within three (3) business days of receipt of completed documentation from CLIENT;

(c) in the event of receipt of any notice, report, assessment or other communication from a regulator related to services CLIENT is performing in the jurisdiction, as promptly as possible but in no event later than twenty four (24) hours after receipt;

(d)  for responsive documents to regulatory inquiries, within the time frame required by the regulator and subject to the approval of CLIENT. The parties will cooperate to provide CRL no less than three (3) business days to review documents prior to submission. 

CRL and CLIENT will cooperate fully with any regulatory entity to resolve matters associated with the Administrative Services being performed.  

CRL’s failure to meet the same Service Level Objective set forth above for a period of four or more months, whether or not consecutive, during a twelve (12) month period will constitute Chronic Failure, for which CLIENT may exercise its rights to terminate the LLASA pursuant to Section 2.(a)(i) of the LLASA.

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