Document:

EX-10.21N

 Exhibit 10.21(n) 
 NOTE: PORTIONS OF THIS EXHIBIT INDICATED BY “[****]” ARE SUBJECT TO A CONFIDENTIAL TREATMENT REQUEST, AND HAVE BEEN OMITTED FROM THIS EXHIBIT. COMPLETE, UNREDACTED COPIES OF THIS EXHIBIT HAVE
BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION AS PART OF THIS COMPANY’S CONFIDENTIAL TREATMENT REQUEST. 
  

			
	

	  	 GE
 Capital
Solutions
  
 Commercial Distribution Finance

5595 Trillium Blvd.
 Hoffman Estates, IL
60192
 USA

 AMENDED AND RESTATED 
 PROGRAM TERMS LETTER 
 June 28, 2013 

MarineMax, Inc. 
 MarineMax East, Inc.

 MarineMax Services, Inc. 
 MarineMax
Northeast LLC 
 Boating Gear Center, LLC 
 US Liquidators, LLC 
 Newcoast Financial Services, LLC 

My Web Services, LLC 
 MarineMax Charter
Services, LLC 
 18167 US Highway 19 North 
 Suite 300 
 Clearwater, FL 33764 
 Attn: Mike McLamb 
 RE:   Wholesale Marine Products Finance Program 

Dear Mike: 
 This Program Terms Letter outlines
the terms of your marine financing program with GE Commercial Distribution Finance Corporation (“CDF”). This program will apply to all outstanding invoices financed by CDF pursuant to that certain Program Terms Letter dated June 24,
2010 between CDF and you (the “Original PTL”) and to all invoices financed on or after the date hereof. This Program Terms Letter amends and restates the Original PTL in its entirety. 

This Program Terms Letter supplements that certain Amended and Restated Inventory Financing Agreement, dated as of June 28, 2013, among CDF and you
(the “Inventory Financing Agreement”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Inventory Financing Agreement. 
 The following sets forth the terms of your financing program: 
 A. Rates and Terms

  

			
	Effective Program Dates:	  	Applies to all outstanding invoices financed by CDF pursuant to the Original PTL and all invoices financed by CDF on or after the date hereof.
		
	Subsidy Period:	  	As determined by manufacturer program (if applicable).

  
 Program Terms Letter

 NOTE: PORTIONS OF THIS EXHIBIT INDICATED BY “[****]” ARE SUBJECT TO A CONFIDENTIAL TREATMENT
REQUEST, AND HAVE BEEN OMITTED FROM THIS EXHIBIT. COMPLETE, UNREDACTED COPIES OF THIS EXHIBIT HAVE BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION AS PART OF THIS COMPANY’S CONFIDENTIAL TREATMENT REQUEST. 

 

			
		
	Eligible Products:	  	New and pre-owned marine products, subject to a perfected first priority Lien in favor of CDF and free and clear of all other Liens not permitted by the Inventory Financing
Agreement. Consigned products shall be excluded unless you comply with CDF’s documentation requirements with respect thereto and CDF otherwise agrees in writing.
		
	Dealer Rate:	  	 The effective dealer interest rate for any month (after the manufacturer subsidy period expires, if applicable) shall be the One month
LIBOR rate plus 3.45%.
  
 Dealer Rate shall be the same for both new and
pre-owned inventory.
  
 The Dealer Rate will be recalculated monthly based on
changes in the One month LIBOR rate as outlined above.

		
	Performance Rebate:	  	 So long as Dealer remains in compliance with all the terms and conditions of the Inventory Financing Agreement, this Program Terms
Letter and all other agreements or instruments by and between Dealer and CDF, for each calendar quarter beginning with the calendar quarter ending June 30, 2013, CDF will pay you a rebate to be paid quarterly in an amount equal to .20% of (i) the
average daily balance of outstanding Obligations owed to CDF for the prior quarter less (ii) the average daily balance of the [****] for the prior quarter (the “Performance Amount”). Such rebate will be subject to the
following:
  
 1. The amount of such rebates paid to you shall not exceed
$300,000 in the aggregate for any calendar year.
  
 2. Such rebates will be
paid within 30 days following the end of the applicable quarter.
  
 3. The
average daily balance of outstanding Obligations will be calculated as the sum of the daily balance of outstanding Obligations for each day in the applicable quarter divided by the number of days in the applicable quarter.

 
 4. The average daily balance of the [****] will be calculated as the sum of the daily
balance of the [****] for each day in the applicable quarter divided by the number of days in the applicable quarter.

		
	Unused Line Fee:	  	Dealer will be charged a monthly Unused Line Fee in an amount equal to 0.10% multiplied by the Unused Line, calculated based on the actual number of days in the calendar month in a
year of 360 days. Unused Line is the Maximum Credit Amount, minus the average daily balance of outstanding Obligations owed to CDF, plus the average daily balance of the [****]. Billed monthly.
		
	Maturity Period:	  	Invoices financed for new inventory by CDF are considered due in full at 1081 days from original invoice date. Invoices financed for pre-owned (trade in or used) inventory by CDF
are considered due in full at 361 days from the date Dealer acquires such unit (“Acquisition Date”).
		
	Advance Request:	  	Each advance with respect to pre-owned inventory or re-advance shall be made pursuant to a completed written advance request in the form attached hereto as Exhibit A (together with
all attachments required thereby, an “Advance Request Form”) or such other form as CDF and Dealers may agree.

  

					
	Program Terms Letter	  	2	  	

 NOTE: PORTIONS OF THIS EXHIBIT INDICATED BY “[****]” ARE SUBJECT TO A CONFIDENTIAL TREATMENT
REQUEST, AND HAVE BEEN OMITTED FROM THIS EXHIBIT. COMPLETE, UNREDACTED COPIES OF THIS EXHIBIT HAVE BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION AS PART OF THIS COMPANY’S CONFIDENTIAL TREATMENT REQUEST. 

 

			
		
	Floorplan Advance Rate:	  	 For new inventory (excluding Azimut brand new inventory), 100% of invoice amount, including freight (if included on original invoice),
subject to Availability.
  
 For Azimut brand new inventory: (a) if the
aggregate outstanding amount of Obligations is < [****], 80% of invoice amount for all inventory that is 70 feet or less and 75% of invoice amount for all inventory that is greater than 70 feet, subject to Availability; and (b) if the aggregate
outstanding amount of Obligations is > [****], 85% of invoice amount for all inventory that is 70 feet or less and 75% of invoice amount for all inventory that is greater than 70 feet, subject to Availability.

 
 As used herein, “Availability” shall mean (i) the lesser of (a) the Maximum
Credit Amount and (b) at any time the aggregate outstanding amount of Obligations is less than [****], 100% of total eligible inventory shown on the most recent inventory certificate or, at any time the aggregate outstanding amount of Obligations is
equal to or greater than [****], 90% of total eligible inventory shown on such inventory certificate, (ii) minus the outstanding amount of Approvals, (iii) minus the aggregate outstanding amount of Obligations. If Availability is negative at any
time, then immediate payment shall be required of amount sufficient to cause Availability to be equal to or greater than $0.
  
 Pre-owned (trade in or used) inventory advances will be as follows, subject to Availability, the Pre-owned Inventory Sublimit, the Specific Pre-Owned Sublimit, and the Other Pre-Owned Sublimit:

 
 75% NADA (based on low NADA Value) Day 1 (“Day 1” as used herein shall mean
Acquisition Date) through Day 180 (after Acquisition Date); 67% Day 181 (after Acquisition Date) through Day 360 (after Acquisition Date); 0% Day 361+ (after Acquisition Date).

 
 All models of pre-owned inventory are eligible, provided fair market values can be
determined via NADA, Yachtworld.com, or survey.
  
 Internal condition and
valuation methodology required on all units > $500,000.00 (“Specific Pre-Owned Items”). If valuation of any Specific Pre-Owned Item exceeds [****], CDF advances in excess of [****] for such Specific Pre-Owned Item shall be in CDF’s
discretion.
  
 Trade in units < $500,000.00 value will be financed on a
“borrowing base” calculated as the aggregate of the pre-owned advance rates multiplied by the applicable low NADA Values of such pre-owned inventory.
  

Borrowing base certificate in the form attached hereto as Exhibit B required to be submitted on the date hereof and monthly by the 5th day of the month based on preceding month end balances of pre-owned
inventory. Month-end borrowing base certificate can be used to borrow up to 80% of eligible borrowing base for that calendar month, subject to Availability, the Pre-Owned Inventory Sublimit and the Other Pre-Owned Sublimit. Any request for advances
> 80% of prior month-end borrowing base requires submission of an updated borrowing base and such advances shall be limited to 100% of updated borrowing base, subject to Availability, the Pre-Owned Inventory Sublimit and the Other Pre-Owned
Sublimit.
  
 If any unit (new or pre-owned) remains at a location other than
a Permitted Location for more than 30 days, then immediate payment shall be required of the full principal amount of the Obligations owed with respect to such unit. If the aggregate value of units at locations other than Permitted Locations
(excluding boat shows) exceeds $5,000,000.00 at any time, then immediate payment shall be required of the Obligations with respect to such units in an aggregate amount equal to such excess. In addition, if a material adverse change results in the
reduction of the value of the Collateral in an aggregate amount exceeding $250,000.00, then immediate payment shall be required of the Obligations with respect to such Collateral in an amount equal to such excess; provided that, if such reduction of
value is the subject of an insurance claim payable to CDF as loss payee, then immediate payment of such excess amount shall only be required to the extent it exceeds the claim amount (net of any deductible) and payment of the remainder of such
excess shall not be required until the earlier of (i) receipt of such insurance proceeds, if any, or the rejection or denial of such claim or any portion thereof and (ii) 30 days (or such later date as CDF may agree in writing) after such loss or
damage.

  

					
	Program Terms Letter	  	3	  	

 NOTE: PORTIONS OF THIS EXHIBIT INDICATED BY “[****]” ARE SUBJECT TO A CONFIDENTIAL TREATMENT
REQUEST, AND HAVE BEEN OMITTED FROM THIS EXHIBIT. COMPLETE, UNREDACTED COPIES OF THIS EXHIBIT HAVE BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION AS PART OF THIS COMPANY’S CONFIDENTIAL TREATMENT REQUEST. 

 

			
		
	Concentration Limits:	  	 If the number of units of inventory (new and pre-owned) financed by CDF which are not under contract to a retail customer pursuant to an
Acceptable Contract (defined below) and which have an Outstanding Amount > $150,000.00 exceeds [****] of total number of units of inventory financed by CDF, then immediate payment shall be required and applied to the oldest units of such
inventory financed by CDF to the extent required to reduce the number of such units to [****] or less. “Outstanding Amount” means the outstanding amount financed by CDF for such unit, minus any portion of the Required Amount (as defined in
the [****]) funded to the [****] with respect to curtailments for such unit. For purposes of determining the concentration limits, units of inventory financed by CDF shall include, without limitation, each unit of pre-owned inventory with a
valuation < $500,000.00 identified on the current borrowing base certificate. “Acceptable Contract” means a fully executed bona fide contract with a retail customer, on terms that are commercially reasonable, including a
deposit.
  
 If the units of inventory financed by CDF which are not under
contract to a retail customer pursuant to an Acceptable Contract and which have an Outstanding Amount > $750,000.00 exceed [****] in the aggregate (of which no more than [****] in the aggregate may be Azimut brand), then immediate payment shall
be required and applied to the oldest units of such inventory financed by CDF to the extent required to reduce the Outstanding Amount to [****] or less for such inventory (or [****] or less for Azimut brand inventory). In no event shall CDF finance
more than the greater of [****] units or [****] of such inventory that exceeds 70 ft., and which are not under contract to a retail customer pursuant to an Acceptable Contract.

		
	Inventory Reporting:	  	A monthly inventory certificate in the form attached hereto as Exhibit C or in such other form as Dealers and CDF may agree, together with supporting documentation requested
by CDF, shall be required to be provided by the 5th day of
each month (or the first business day following the 5th
day of each month if the 5th day is not a business day)
based on the balances as of the date of the certificate. All inventory to be included (new, pre-owned). To be provided on ad-hoc basis upon CDF request.
		
	Floorplan Curtailments:	  	 Curtailment payments on invoices financed by CDF will be due pursuant to the following schedule:

 
 For new inventory, a curtailment payment of 10% of the initial amount financed is due
and payable on each item of new inventory at each of the following points in time: 181, 361, 541, 721 and 900 days from the date of the respective original invoice and the full remaining balance of the advance is due and payable on each item of
inventory when it is aged 1080 days from the date of the original invoice.
  

For pre-owned (trade in or used) inventory < $500,000.00 low NADA value, a curtailment payment of 10% of the amount financed is due and payable at day
181 after the Acquisition Date; for pre-owned (trade in or used) inventory > $500,000.00 low NADA value, a curtailment payment of 10% of the amount financed is due and payable at day 181 after the Acquisition Date; and the advances with respect
to all such items of inventory will be due in full at day 361 after the Acquisition Date.

 

  

					
	Program Terms Letter	  	4	  	

 NOTE: PORTIONS OF THIS EXHIBIT INDICATED BY “[****]” ARE SUBJECT TO A CONFIDENTIAL TREATMENT
REQUEST, AND HAVE BEEN OMITTED FROM THIS EXHIBIT. COMPLETE, UNREDACTED COPIES OF THIS EXHIBIT HAVE BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION AS PART OF THIS COMPANY’S CONFIDENTIAL TREATMENT REQUEST. 

 

			
		
		  	 All curtailment payments will be billed monthly and due in a single payment on the last day of such month. The failure to remit
curtailment payments when due shall be considered a Default under the terms of the Inventory Financing Agreement and any such late curtailment payments shall be subject to interest at the Default Rate until paid in full.

 
 Curtailment payments will be offset by an amount equal to the lesser of (i) the
Required Amount set forth in the [****], (ii) the [****] balance set forth in the [****], and (iii) [****]. Notwithstanding such offset, the entire amount of curtailment payments will be paid no later than 20 days following the due date
thereof.

		
	[****]:	  	 [****] can be funded for curtailments due (up to a maximum of [****]) and other amounts subject to cap on the amount of [****] equal to
the lesser of (i) [****] of the then outstanding loan balance or (ii) [****].
  
 1. Maximum of [****] removal of funds per week
  
 2. Maximum of [****] contributions of funds per week (unless otherwise needed for minimum requirements)
  

3. Not intended for direct application for unit payoffs

		
	 Inventory Re-Advance

Capability:
	  	 New inventory may be paid down to a minimum floorplan balance of $1,000.00 per unit; permitted to re-advance up to maximum allowable
advance rate (original invoice amount less curtailments due) subject to:
  

1. Request must aggregate at least $100,000.00 (refinance amount)
  

2. Maximum ‘re-book’ advance is limited to 25% of Maximum Credit Amount within any 30 day period or, if [****] is terminated at CDF’s
option, 50% of Maximum Credit Amount within any 30 day period (such limit, the “Re-Advance Sublimit”)
  
 3. Limited to Brunswick and Azimut product
  
 4. Delivery of an Advance Request Form and certification of applicable inventory values

		
	Landlord Lien Waivers:	  	If any Eligible Inventory Collateral is held at a location leased by you and you have not delivered to CDF a landlord lien waiver or subordination in form acceptable to CDF, as an
alternative, you will be required to fund a reserve equal to 3 months of base rent, which will be placed in the [****] pursuant to the terms of the [****], as a “required” minimum amount.
		
	B. General Terms	  	
		
	Audit/Inspection Fees:	  	Pre-closing and annual audit costs will be paid by Dealers. Actual floorcheck expenses for inventory inspections will be paid by CDF, provided that if results of the inspections are
not satisfactory to CDF, in its reasonable discretion, then additional inspection expenses will be paid by Dealers.
		
	MSO’s/Titles:	  	All Pre-owned titles and documentation must show all prior liens released.
		
	Insurance Certificates:	  	On or before the date hereof, Dealer shall deliver to CDF certificates of insurance satisfying the requirements set forth in Section 6 of the Inventory Financing
Agreement.

  

					
	Program Terms Letter	  	5	  	

 NOTE: PORTIONS OF THIS EXHIBIT INDICATED BY “[****]” ARE SUBJECT TO A CONFIDENTIAL TREATMENT
REQUEST, AND HAVE BEEN OMITTED FROM THIS EXHIBIT. COMPLETE, UNREDACTED COPIES OF THIS EXHIBIT HAVE BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION AS PART OF THIS COMPANY’S CONFIDENTIAL TREATMENT REQUEST. 

 

			
		
	Audit/Inspection Frequency:	  	 Availability < 25%:
  

50% of Total Inventory Cost to be verified monthly; all locations verified at least 1 time every [90 days]

 
 Availability >25%:

 
 33% of Total Inventory Cost to be verified monthly; all locations verified at least 1
time every [120 days]
  
 and at any other time at CDF’s
discretion
  
 Availability % calculated 1- [(CDF Loan Balance – Required
Amount under [****]) / (Total Eligible Inventory * Advance Rates)]

		
	COMS Non-Usage Fee:	  	Dealers will be charged $1,000 in the aggregate per month for any month during which Dealers do not use the CDF COMS on-line payment system for Dealers’ primary method of
payment to CDF.
		
	Servicing Fee:	  	Dealers will pay to CDF a monthly servicing fee equal to 0.10% of the average daily balance of outstanding Obligations.
		
	Late Payment Fee:	  	Under the terms of your financing agreement with CDF, you are to remit payment to CDF immediately upon the earlier of (i) your receipt of the proceeds of any sale or other
disposition of any unit of CDF’s financed collateral, and (ii) 7 calendar days after such sale or other disposition. If it is discovered that a unit of collateral is sold or otherwise disposed of without payment remitted to CDF (Sold out of
Trust “SOT”), whether as the result of an inventory collateral inspection or otherwise, CDF may, in its sole discretion, charge you the following late payment fee on a monthly basis for each SOT
item:

							
				
	  	  	 Day 1- 7 after the retail sale of the unit
	  	 	  	 On the 8th day
after the retail sale of the unit

		  	$0.00	  		  	.25% of the outstanding invoice amount per unit per month
		
	NSF Fee:	  	You will be charged a fee of $25 for each check or other item that is returned unpaid.

 Please note that the fees and charges referred to above such as the Default Rate, Late Payment Fee and NSF Fee are not
intended to be CDF’s sole remedies for those events, and if you fail to meet any of your obligations under your agreements with CDF, CDF specifically reserves all other rights and remedies legally available to it. 

Customer Online Management System (COMS): 
 CDF encourages use of COMS, our Internet payment/floorplan system. CDF will assist you in the installation of the system and provide you with training, free of charge. Internet payments are processed via
an ACH transaction and at no cost to you. You can view the system’s capabilities at www.gecdf.com/coms. 
 Application of
Terms: 
  

	 	•	 	 The terms set forth in this Program Terms Letter shall apply only to loans with CDF, and will not apply to any other GE Commercial Distribution
Finance platform or joint venture (i.e. RV, Yamaha, Suzuki, Polaris Acceptance, Brunswick Acceptance Company, LLC, etc.) or any loans with any CDF Affiliate. 

  

					
	Program Terms Letter	  	6	  	

 Confidentiality Agreement: 
 The rates and terms set forth in this letter are for your benefit and shall be held in the strictest confidence by you; provided that you may disclose the terms hereof to the extent required by
applicable laws or regulations if you provide CDF with prior written notice of such disclosure, work with CDF in good faith to redact any information herein requested by CDF, and provide CDF with an opportunity to seek a protective order with
respect to such information. Subject to the foregoing, you will take all reasonable precautions to assure the confidentiality of this information is not released to any third party. 
 PLEASE ACKNOWLEDGE YOUR ACCEPTANCE OF YOUR FINANCING TERMS AND RETURN TO BRUCE VAN WAGONER AT (847) 747-2002. 
 THANK YOU FOR THE OPPORTUNITY TO FINANCE YOUR INVENTORY NEEDS. 
 GE COMMERCIAL
DISTRIBUTION FINANCE CORPORATION 
  

			
	By:	 	/s/ Don Grabowski
	Name:	 	Don Grabowski
	Title:	 	Underwriting Manager

  
 Program Terms Letter

			
	ACCEPTED AS OF JUNE 28, 2013:
	
	MARINEMAX, INC.
		
	By:	 	/s/ Kurt M. Frahn
	Name:	 	Kurt M. Frahn
	Title:	 	Vice President of Finance, Treasurer and Assistant Secretary
	
	MARINEMAX EAST, INC.
		
	By:	 	/s/ Kurt M. Frahn
	Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary
	
	MARINEMAX SERVICES, INC.
		
	By:	 	/s/ Kurt M. Frahn
	Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary
	
	MARINEMAX NORTHEAST, LLC
		
	By:	 	/s/ Kurt M. Frahn
	Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary
	
	BOATING GEAR CENTER, LLC
		
	By:	 	MARINEMAX EAST, INC., the sole member of Boating Gear Center, LLC
		
	By:	 	/s/ Kurt M. Frahn
	Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary
	
	US LIQUIDATORS, LLC
		
	By:	 	/s/ Kurt M. Frahn
	Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary
	
	NEWCOAST FINANCIAL SERVICES, LLC
		
	By:	 	/s/ Kurt M. Frahn
	Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary
	
	MY WEB SERVICES, LLC
		
	By:	 	MARINEMAX EAST, INC., the sole member of My Web Services, LLC
		
	By:	 	/s/ Kurt M. Frahn
	Name:	 	Kurt M. Frahn
	Title:	 	Vice President of Finance, Treasurer and Assistant Secretary

  

  

					
	Program Terms Letter	 	8	 	

			
	MARINEMAX CHARTER SERVICES, LLC
		
	By:	 	MARINEMAX EAST, INC., the sole member of MarineMax Charter Services, LLC
		
	By:	 	/s/ Kurt M. Frahn
	Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary

  

  

					
	Program Terms Letter	 	9	 	

 Exhibit A 
 Advance Request Form 
  

  

					
	Program Terms Letter – Exhibit A	 	A - 1	 	

 Exhibit B 
 Borrowing Base Certificate Form 
  

  

					
	Program Terms Letter – Exhibit B	 	B - 1	 	

 Exhibit C 
 Monthly Inventory Certificate Form 
  

  

					
	Program Terms Letter – Exhibit C	  	C-1EX-10.6

 Exhibit 10.6 

INDEMNIFICATION AGREEMENT 

THIS AGREEMENT made as of the     th day of
                    , 20    . 
 BETWEEN: 
  

	
	 Enbridge Energy Company, Inc., a Delaware

corporation (hereinafter called the “Corporation”)

	- and -
	  

	 (hereinafter called the “Indemnified Party”)

 WHEREAS: 
 The Indemnified Party (i) is or has been a director or officer of the Corporation, (ii) is or has been, at the request of the Corporation, a director or officer of one or more bodies corporate
(each a “Body Corporate”) of which the Corporation is or was a shareholder or creditor, or (iii) is or has been, at the request of the Corporation, a director or officer of or is acting or has acted in a similar capacity (and the
Indemnified Party shall for purposes hereof be referred to as a director or officer in so acting or having acted) for one or more bodies corporate, partnerships, limited liability companies, unincorporated associations, unincorporated syndicates,
unincorporated organizations, joint ventures or trusts (each an “Entity”) (the Corporation, the Bodies Corporate and the Entities being herein collectively called the “Subject Corporations” and, individually, the “Subject
Corporation”); 
 The Corporation acknowledges that the Indemnified Party, acting in the capacity of director or officer,
is required to make decisions and take actions in furtherance of the business and affairs of the Subject Corporations which might have the result of attracting personal liability; and 

It is in the best interests of the Corporation that it retain the continuing dedication of the Indemnified Party by acknowledging the
undertaking of the Corporation to indemnify the Indemnified Party from losses, costs or damages incurred or sustained by the Indemnified Party acting in the capacity of director or officer; 

NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein and other good and valuable consideration, the
receipt and sufficiency whereof is mutually acknowledged, the Indemnified Party and the Corporation (hereinafter called the “Parties”) covenant and agree as follows: 

 

	1.	Indemnity 

 Subject
to the limitations contained in the statute pursuant to which the Corporation is incorporated (such statute being herein called the “Act”), but without limit to the right of the Corporation to indemnify as provided in the Act, the
Corporation shall indemnify and save harmless the Indemnified Party and his or her heirs and legal representatives against all costs, charges and expenses (including, without limitation, legal expenses on a solicitor and his or her own client
basis), including an amount paid to settle an action or satisfy a judgment (including, without limitation, any fines levied), reasonably incurred by the Indemnified Party in respect of any civil, criminal or administrative action or proceeding to
which the Indemnified Party is made a party by reason of being or having been a director or officer of a Subject Corporation if: 
 the Indemnified Party acted honestly and in good faith with a view to the best interests of the Corporation; and 
 in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, the Indemnified Party had reasonable grounds for believing that his or her conduct was lawful.

 For the purposes of this Agreement, the termination of any civil, criminal or administrative action or proceeding by
judgment, order, settlement or conviction shall not, of itself, create a presumption either that the 

 
Indemnified Party did not act honestly and in good faith with a view to the best interests of the Corporation or that, in the case of a criminal or administrative action or proceeding that is
enforced by a monetary penalty, the Indemnified Party did not have reasonable grounds for believing that his or her conduct was lawful. 

Insurance 
 Unless
otherwise agreed between the Parties hereto and subject to the limitations contained in the Act, the Corporation shall purchase and maintain, or cause to be purchased and maintained, while the Indemnified Party remains a director or officer of a
Subject Corporation and after the Indemnified Party ceases to be a director or officer of a Subject Corporation, directors’ and officers’ errors and omissions insurance for the benefit of the Indemnified Party containing such customary
terms and conditions and in such amounts as are available to the Corporation on reasonable commercial terms, having regard to the nature and size of the business and operations of the Corporation and its subsidiaries from time to time. 

Income Tax 

Should any payment made to a director or officer pursuant to this Agreement be deemed by any taxation authority in any jurisdiction to
constitute a taxable benefit or otherwise be or become subject to any tax or levy, then the Corporation shall pay such greater amount as may be necessary to ensure that the amount received by or on behalf of the Indemnified Party, after the payment
of or withholding for such tax, is equal to the amount of the actual cost, expense or liability incurred by or on behalf of the Indemnified Party, such that this Indemnity shall serve to indemnify the Indemnified Party against all liability for any
and all such taxes. 
 Assignment 
 The duties and obligations of the Corporation under this Agreement shall be binding upon, and enforceable by the Indemnified Party and the Indemnified Party’s heirs and legal representatives, against
the Corporation and its successors and assigns. 
 Defence of Claims 

The Indemnified Party covenants and agrees that, upon becoming aware of any facts or circumstances which may give rise to any potential
liability for which the Corporation may be required to indemnify the Indemnified Party pursuant to the provisions of this Agreement (a “Claim”), the Indemnified Party shall immediately deliver written notice to the President of the
Corporation setting out in reasonable detail the nature of the facts relating to such Claim. If any Claim is made or brought against the Indemnified Party in connection with any of the matters against which the Indemnified Party would be indemnified
pursuant to this Agreement, upon receipt of the notice of the Claim, subject to the provisions of the Act and to the board of directors of the Corporation determining that the Indemnified Party has satisfied the conditions specified in Sections
1(a)(i) and (ii), the Corporation shall, at its expense and in a timely manner, contest and defend against any such Claim and take all such steps as may be necessary or proper to prevent the resolution thereof in a manner adverse to the Indemnified
Party. The Indemnified Party shall fully cooperate with the Corporation in taking all such steps, and hereby consents to the taking of such steps by or on behalf of the Corporation and the Indemnified Party. If the Corporation does not in a timely
manner undertake the contestation or defence of the Claim, the Indemnified Party may do so and, subject to the provisions of the Act and to the board of directors of the Corporation determining that the Indemnified Party has satisfied the conditions
specified in Sections 1(a)(i) and (ii), such contestation or defence shall be at the expense and risk of the Corporation. If the outcome of any litigation or proceeding establishes that the Indemnified Party was not entitled to have the Claim
contested or defended at the risk and expense of the Corporation, the Indemnified Party shall be liable to repay to the Corporation all amounts paid by the Corporation in connection with such contestation or defence pursuant to this
Section 5. 
 Court Approval 
 The Corporation shall use its best efforts to obtain any approval of a court required by law for the indemnification of the Indemnified Party in accordance with the terms and conditions of this Agreement.

 Severability 
 If any part of this Agreement or the application of such part to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Agreement, or the application of such
part to any other person or circumstance, shall not be affected thereby and each provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 
 Choice of Law 
 This Agreement shall be governed and construed in
accordance with the laws of the Province of Alberta and the laws of Canada applicable therein and the Parties attorn to the non-exclusive jurisdiction of the courts of the Province of Alberta in respect of any
court action arising hereunder. 
 IN WITNESS WHEREOF the Parties have executed this Agreement on the date first above
mentioned. 
  

			
	ENBRIDGE ENERGY COMPANY, INC.
		
	By:	 	 
		 	        Terrance L. McGill, President
	
		
	By:	 	 
		 	        Bruce A. Stevenson, Corporate Secretary

  

							
		 		 	
				
	 	 		 		 	 
	Witness	 		 		 	Indemnified
Party:                                        
            
		 		 		 	
	 	 		 		 	
	Print Name of Witness	 		 		 	

 SCHEDULE OF OMITTED AGREEMENTS 

The following Indemnification Agreements have not been filed as exhibits pursuant to Instruction 2 of Item 601 of Regulation S-K.
These documents are substantially identical in all material respects to Exhibit 10.6 to this Form 10-Q/A. 
  

	 	1.	Indemnification Agreement, dated effective as of April 25, 2002, by and between Enbridge Energy Company, Inc. and J. Richard Bird. 

 

	 	2.	Indemnification Agreement, dated effective as of April 25, 2002, by and between Enbridge Energy Company, Inc. and Chris Kaitson. 

 

	 	3.	Indemnification Agreement, dated effective as of April 25, 2002, by and between Enbridge Energy Company, Inc. and Joel W. Kanvik. 

 

	 	4.	Indemnification Agreement, dated effective as of April 25, 2002, by and between Enbridge Energy Company, Inc. and Mark A. Maki. 

 

	 	5.	Indemnification Agreement, dated effective as of April 25, 2002, by and between Enbridge Energy Company, Inc. and Terrance L. McGill. 

 

	 	6.	Indemnification Agreement, dated effective as of April 1, 2003, by and between Enbridge Energy Company, Inc. and Jeffrey A. Connelly. 

 

	 	7.	Indemnification Agreement, dated effective as of April 24, 2003, by and between Enbridge Energy Company, Inc. and Richard L. Adams. 

 

	 	8.	Indemnification Agreement, dated effective as of July 22, 2004, by and between Enbridge Energy Company, Inc. and Leon A. Zupan. 

 

	 	9.	Indemnification Agreement, dated effective as of July 23, 2004, by and between Enbridge Energy Company, Inc. and Bruce A. Stevenson. 

 

	 	10.	Indemnification Agreement, dated effective as of July 28, 2006, by and between Enbridge Energy Company, Inc. and John A. Loiacono. 

 

	 	11.	Indemnification Agreement, dated effective as of September 1, 2006, by and between Enbridge Energy Company, Inc. and Stephen J. Neyland. 

 

	 	12.	Indemnification Agreement, dated effective as of October 29, 2007, by and between Enbridge Energy Company, Inc. and Kerry C. Puckett. 

 

	 	13.	Indemnification Agreement, dated effective as of October 29, 2007, by and between Enbridge Energy Company, Inc. and Allan M. Schneider. 

 

	 	14.	Indemnification Agreement, dated effective as of October 29, 2007, by and between Enbridge Energy Company, Inc. and Dan A. Westbrook. 

 

	 	15.	Indemnification Agreement, dated effective as of January 28, 2008, by and between Enbridge Energy Company, Inc. and Stephen J. Wuori. 

 

	 	16.	Indemnification Agreement, dated effective as of April 28, 2008, by and between Enbridge Energy Company, Inc. and Kenneth C. Lanik. 

 

	 	17.	Indemnification Agreement, dated effective as of July 23, 2010, by and between Enbridge Energy Company, Inc. and J. Herbert England. 

 

	 	18.	Indemnification Agreement, dated effective as of October 27, 2010, by and between Enbridge Energy Company, Inc. and Janet Coy. 

 

	 	19.	Indemnification Agreement, dated effective as of October 27, 2010, by and between Enbridge Energy Company, Inc. and Susan Miller. 

 

	 	20.	Indemnification Agreement, dated effective as of October 27, 2010, by and between Enbridge Energy Company, Inc. and Byron Neiles. 

	 	21.	Indemnification Agreement, dated effective as of October 27, 2010, by and between Enbridge Energy Company, Inc. and William Ramos. 

 

	 	22.	Indemnification Agreement, dated effective as of July 30, 2012, by and between Enbridge Energy Company, Inc. and Rebecca B. Roberts. 

 

	 	23.	Indemnification Agreement, dated effective as of October 31, 2012, by and between Enbridge Energy Company, Inc. and Darren J. Yaworsky. 

 

	 	24.	Indemnification Agreement, dated effective as of April 30, 2013, by and between Enbridge Energy Company, Inc. and Bradley F. Shamla. 

 

	 	25.	Indemnification Agreement, dated effective as of July 29, 2013, by and between Enbridge Energy Company, Inc. and Noor S. Kaissi.

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