Document:

Exhibit 10.1

 

Entrusted Loan Contract

 

                                                                                 Contract No:

 

 

Party A: Yantai Zhengda Urban Construction
Progress Co., Ltd

	Add: 24 Fenglin Road, Laishan District	Legal
representative: Chengpeng Sun
	Bank of deposit: Laishan District CCB	A/C:
	Tel: 	Postal Code: 264003
	Fax:	 

 

Party B: Rural Commercial Bank Of Yantai-Laishan
Sub Branch

	Add: No. 27, Yinhai Road, Laishan District	
Authorized agent: Chuanjian Mao
	Tel:	Postal Code: 264003
	Fax:	 

 

Party C: Yantai Jinzheng Eco-Technology
Co., Ltd

	Add: Ruida Road, Laishan Economic Development
Zone, Yantai	 
	Legal representative: Yuebiao Li	 
	Bank of deposit: 	 A/C:
	Tel:	Postal Code: 264003
	Fax:	 

 

Place of signing the contract: Laishan
county (District), Yantai City, Shandong Province

 

In order to effectively use its own funds,
Party A entrusts Party B to issue entrusted loans to Party C, and Party B accepts the entrustment of Party A to issue RMB entrusted
loans to Party C. In accordance with the "entrusted loan agreement" No. 017707291  signed by Party A and
Party B on 2020/07/29 and in accordance with the relevant national laws and regulations, this contract is concluded
through negotiation.

 

		1.	Types of loans

The entrusted loan
under this contract is short-term (short-term / medium-term / long-term) entrusted loan.

		2.	Loan amount

The amount of entrusted
loan under this contract is (in words) RMB One Hundred And Fifty Million Only, (in figures) ¥ 150.000.000.00

		3.	Purpose of loan

The entrusted loan
under this contract is only use for Purchase of mine water treatment equipment , and Party C shall not use it for
other purposes without the written consent of Party A.

		4.	Loan term

The term of the
entrusted loan under this contract is 6 (months) from 2020/07/29 to 2021/01/28 .

If the actual loan
term is inconsistent with the contract, the loan voucher shall prevail.

 

    

     

    

 

		5.	Loan interest rate

The interest rate
of entrusted loan under this contract shall be implemented in accordance with the provisions of item 1  (1 / 2) of
this article.

		1)	The interest rate of short-term loan is 11%

		2)	The interest rate of medium and long-term loans is calculated according to the legal benchmark
interest rate of the year and fluctuates by (year / half year / quarter / month).

Party A has the right to entrust Party
B to adjust the loan interest rate under this contract within the floating range of legal interest rate in accordance with the
relevant provisions of The People's Bank of China.

		6.	Risk liability of entrusted loan

Party A shall be
responsible for the risk that the principal and interest of the entrusted loan under this contract cannot be recovered, and Party
B shall not bear any risk liability;

		7.	Commission for Entrusted loan

Party B shall charge
the service commission in accordance with Item 1 (1 / 2 / 3 / 4) of this article.

		1)	Party A shall pay the loan at the annual rate 5 ‱
in installments after the loan is issued. A one-year service commission will be charged at one time when the loan is issued. From
the next year, the service charge of the current period (half a year) shall be paid in advance every half a year based on the date
of loan issuance, and the loan shall be terminated after the loan is recovered.

		2)	Party A shall pay service commission once a month on the 20th of each month, and the rate shall
be ‱of the entrusted loan amount.

		3)	Party C pays in one lump sum when the loan is issued, and the annual rate is ‱

		4)	Party C pays once every quarter, the payment date is the 20th of the last month of each quarter,
and the quarterly rate is

If Party A pays the service commission,
Party A authorizes Party B to directly deduct it from its deposit account. If Party C pays the service commission, Party A shall
urge Party C to pay on time. If Party C fails to pay on time, Party B will directly deduct the payment from Party A’s deposit
account.

		8.	Loan issuance method

		1)	The entrusted loan under this contract shall be issued as agreed in item 1 (1/2)
of this article.

		i)	One time transfer. Party B shall transfer the loan under this contract to Party C's account on
2020/07/29 (yyyy /mm / dd).

		ii)	Payment by installments. Party B shall transfer the loan under this contract into Party C's account
in installments according to the currency agreed in this contract and the following sequence, time and amount:

First: yyyy /mm
/ dd, amount:

Second: yyyy /mm
/ dd, amount:

Third: yyyy /mm
/ dd, amount:

Fourth: yyyy /mm
/ dd, amount:

Fifth: yyyy /mm
/ dd, amount:

Party A
guarantees to deposit sufficient funds into its deposit account opened with Party B before the loan is issued. Party A shall be
liable for breach of contract if the loan is delayed due to insufficient funds.

 

    

     

    

 

 

		2)	Party C shall submit an irrevocable withdrawal notice to Party B before withdrawal. After being
examined and approved, Party B shall transfer the loan with an irreversible withdrawal notice. As the loan voucher of this contract,
the irrevocable withdrawal notice has the same legal effect as this contract.

		3)	Once the loan under this contract is transferred into the account of Party C, it shall be deemed
that the loan has been made, and the loan begins to generate interest.

		4)	If Party C fails to submit the irrevocable withdrawal notice approved by Party B as agreed, it
shall be deemed that the corresponding loan shall be automatically abandoned, and the corresponding loan not issued under this
contract shall be automatically cancelled.

		9.	Source of repayment funds

Party C shall repay
the principal and interest of the loan under this contract including but not limited to , and shall not use the above agreement
to refuse to perform the repayment obligation under this contract under any circumstances.

		10.	Repayment of principal and interest

		1)	Party C shall pay the principal and interest of the loan under this contract in accordance with
the provisions of item 1 (1 / 2 / 3) of this article.

		i)	The interest will be paid on the 20th day of each month.

		ii)	Interest shall be paid quarterly on the 20th day of the end of each quarter.

		iii)	Interest is paid on a half yearly basis and interest payments are made on the 20 day of each half
year.

		2)	Party C shall repay the loan principal under this contract in accordance with 1 (1
/ 2) of this article.

		i)	One time transfer. In accordance with this contract, Party C will pay off all the loan principal
of the contract on 2021/01/28  yyyy /mm / dd.

		ii)	Payment in installments. Party C shall pay off all loan principal under this contract in installments
in accordance with the contract and the following order, time and amount:

First: yyyy /mm
/ dd, amount:

Second: yyyy /mm
/ dd, amount:

Third: yyyy /mm
/ dd, amount:

Fourth: yyyy /mm
/ dd, amount:

Fifth: yyyy /mm
/ dd, amount:

 

		3)	Party C shall deposit the repayment amount in full into its deposit account opened with Party B
before the repayment date (interest payment date and principal repayment date), and shall authorize Party B to transfer directly
from the account. In case of legal holidays, it shall be postponed to the next day.

		4)	Party B has the right to transfer the outstanding or insufficient part of the repayment from other
accounts of Party C.

		5)	When the principal of the loan is settled, the interest shall be paid with the principal.

 

    

     

    

 

 

		11.	Loan guarantee

Party A and / or
the third party and Party C shall sign a separate guarantee contract for the specific matters of guarantee as the guarantee of
creditor's rights under this contract.

		12.	Rights and obligations of Party A

		1)	Have the right to request Party C to provide information related to the loan under this contract;

		2)	Have the right to inspect the use of loans under this contract, and understand Party C’s
business activities, financial status, guarantees and debt disputes;

		3)	The right to entrust Party B to deduct from Party C’s account the principal, interest, compound
interest, penalty interest, liquidated damages, damages and all expenses incurred by Party A in realizing the creditor’s
rights under this contract;

		4)	When Party C fails to perform its obligations in accordance with this contract, it has the right
to entrust Party B to stop issuing loans and/or withdraw the loans in advance;

		5)	When Party C or the guarantor of this contract deteriorates in business activities and financial
conditions, has debt disputes with others, or the guarantor loses the ability to bear joint and several liabilities, the mortgage
(pledge) is damaged, lost or apparently impaired, and other threats to the security of the loan occur under the circumstances,
the right to entrust Party B to stop issuing loans and/or withdraw the loans in advance:

		6)	When Party C's business method, its own system or legal status changes, which endanger the security
of the loan, it has the right to entrust Party B to stop issuing loans, and/or withdraw the loan in advance, and take corresponding
measures in accordance with the law to realize the creditor's rights under this contract.

		7)	The creditor's rights, debts, production and business information provided by Party C shall be
kept confidential. Except for those who inquire according to law.

		8)	Party A is responsible for paying taxes on loan interest income.

		13.	Party B's rights and obligations

		1)	Have the right to request Party C to provide information related to the loan under this contract;

		2)	Have the right to inspect the use of the loan under this contract, and understand the business
activities, financial status, guarantee and debt disputes of Party C

		3)	The right to deduct the principal, interest, compound interest, penalty interest, liquidated damages,
damages and all expenses incurred by Party A in fulfilling the creditor’s rights under this contract from Party C’s
account as entrusted by Party A:

		4)	Have the right to require Party A to deposit the funds required for the issuance of entrusted loans
under this contract on time;

		5)	Have the right to stop the issuance of loans as entrusted by Party A and/or withdraw the loans
in advance;

		6)	The loan granting and recovery procedures shall be handled in time according to the contract.

		14.	Party C’s rights and obligations

		1)	Have the right to withdraw and use the loan in accordance with this contract;

		2)	The loan shall be used for the purpose agreed in this contract;

		3)	According to Party A's request, we should cooperate with pre loan investigation, loan review and
post loan inspection to provide truthfully including, but not limited to:

 

    

     

    

 

		i)	Business license, franchise license, tax registration certificate, loan certificate (card)

		ii)	All bank of deposit, account number and loan balance;

		iii)	Balance sheet, profit and loss statement and cash flow statement;

		iv)	Production and operation plans, statistical reports, project budget and final accounts information;

		v)	Guarantee for others and / or self;

		vi)	Debt disputes with others;

		vii)	The use of the loan under this contract.

Among them, financial statements such
as monthly (annual/quarterly/monthly) balance sheet, income statement and cash flow statement should be provided
as required;

		4)	The principal and interest of the loan shall be repaid according to this contract:

		5)	Party A shall be informed in writing 30 days before the change of operation mode, its own system
and legal status, including but not limited to contracting, leasing, trusteeship, assets reorganization, debt restructuring, joint
stock system reform, joint venture, merger (acquisition), separation, paid transfer of property rights, joint venture (cooperation),
capital reduction or application for suspension of business for rectification, application for dissolution (or revocation), application
for bankruptcy, etc, In addition, Party A shall fulfill the obligation to pay off the debts under this contract agreed by Party
A in writing, or provide a new guarantee approved by Party A. otherwise, the above activities shall not be carried out before all
debts under this contract are paid off.

		6)	Party A shall be notified in writing within three days after its own system and legal status changes
including but not limited to being declared closed for rectification, declared closed, declared dissolved (cancelled), filed for
bankruptcy, etc.; at the same time, fully effective measures shall be taken to preserve Party A’s claims;

		7)	Party A shall be notified in writing within three days after the occurrence of any other circumstances
that may endanger its normal operations or the security of Party A’s claims, and at the same time, adequate and effective
measures shall be taken to protect Party A’s claims.

		15.	Party C’s statement and guarantee

		1)	Party C is a legal unit registered, established and validly existing according to law, and has
the right to dispose of its property under operation and management, to operate business related to the purpose of the loan under
this contract, and to sign and perform this contract

		2)	The signing of this contract by Party C has been approved by the superior competent department
or the board of directors of the company, and all necessary authorization has been obtained;

		3)	This contract is legal and valid and legally binding on Party C. If Party C fails to fulfill the
repayment obligation as stipulated in this contract, and Party A applies to the people's court with jurisdiction for payment order
and enforcement, Party C waives the right to raise objection:

		4)	The signing and performance of this contract by Party C does not conflict with the binding provisions
(including the articles of association) and other agreements of Party C and its assets, including but not limited to the guarantee
provided to others and / or self;

		5)	All documents and materials provided by Party C to Party A and Party B, including but not limited
to financial statements, loan contracts in progress signed with other financial institutions, and guarantee provided for others
and / or self, are true, accurate, legal and effective.

 

    

     

    

 

		16.	Party A's liability for breach of contract

During the validity
period of this contract, if Party A fails to provide the funds required for the entrusted loan issuance in time, thus causing the
loan not to be released on time, Party A shall pay Party C liquidated damages according to the current demand deposit interest
rate according to the amount of arrears and the number of days of delay.

		17.	Party B's liability for breach of contract

		1)	If Party A provides the funds required for the entrusted loan issuance under this contract on time,
Party B fails to release the loan in accordance with the target period and amount agreed in this contract. In addition to full
payment, Party B shall pay Party C liquidated damages according to the default amount and the number of days of delay according
to the current demand deposit interest rate.

		2)	Party B, in violation of the provisions of this contract, agrees to Party C's delay or prepayment
without authorization, and shall pay Party A liquidated damages of 1‱of
the balance of the deferred loan or the amount of loan recovered in advance.

		18.	Party C's liability for breach of contract

		1)	Within the validity period of the contract, Party C shall be deemed to have breached the contract
in case of any of the following circumstances, and Party A shall have the right to entrust Party B to stop issuing the loan and
/ or recover the loan in advance:

		i)	Provide Party A and Party B with false or concealed financial statements, or conceal major financial
and business activities;

		ii)	Failing to provide Party A and Party B with all bank account numbers, deposit and loan balance,
guarantee information, etc

		iii)	Refuse to accept the supervision of Party A and Party B on the use of the loan and related production,
operation and financial activities.

		2)	During the validity of the contract, any of the following situations of Party C shall be deemed
as breach of contract, and Party A shall have the right to entrust Party B to stop issuing the loan and / or recover the loan in
advance. For the loan used by Party C in breach of the contract, the penalty interest shall be calculated and collected according
to the number of days of default and in accordance with the relevant provisions of the People's Bank of China until the principal
and interest are paid off:

		i)	Failing to pay off the principal and interest of the loan according to the time limit stipulated
in the contract;

		ii)	Failing to use the loan for the purpose agreed in the contract;

		iii)	Arbitrage loans are used for borrowing and obtaining illegal income;

		iv)	Take fraudulent means to obtain loans.

Party A shall have the right to entrust
Party B to calculate and collect compound interest at the penalty interest rate of 1  ‱
per day for the above loan overdue, misappropriated or fraudulent loan period.

		3)	Party C shall pay compound interest to Party A according to the interest rate agreed in this contract
for the interest that cannot be paid on time during the loan period. If the loan fails to be paid after the loan is overdue, it
shall pay compound interest to Party A at the penalty interest rate of 1 ‱
per day until the principal and interest are paid off.

 

    

     

    

 

		4)	In case of any change in Party C's business mode, system or legal status, Party C fails to notify
Party A as agreed, fails to fulfill the debt repayment responsibility under this contract agreed by Party A in writing, or fails
to provide a new guarantee approved by Party A, Party A shall have the right to entrust Party B to stop issuing the loan and /
or withdraw the loan in advance and take other measures according to law. At the same time, Party C shall pay Party A liquidated
damages equivalent to 1 % of the loan principal.

		5)	Any statement and guarantee made by Party C that is untrue, inaccurate or has material concealment
shall be deemed as breach of contract. Party A has the right to entrust Party B to stop issuing the loan and / or withdraw the
loan ahead of time, and take other measures according to law; at the same time, Party C shall pay Party A liquidated damages equivalent
to 1  % of the loan principal.

		6)	If Party C fails to perform any of its obligations in accordance with this contract or the guarantee
contract, which hinders Party A from realizing the creditor's rights under this contract, Party A has the right to entrust Party
B to stop issuing the loan and / or recover the loan ahead of time, and take corresponding measures according to the contract or
guarantee contract.

		7)	If the economic losses caused by Party C's breach of contract exceed the liquidated damages, Party
C shall pay damages to Party A for the excess part.

		19.	Payment for breach of contract and compensation for damages

Payment for
breach of contract and compensation for damages in this contract shall be authorizing party B to deduct it from Party
C’s account  (voluntarily paying to Party A's account / authorizing party B to deduct it from Party
C’s account).

		20.	Early repayment

		1)	If Party C repays the loan in advance, it shall notify Party A in writing ten days before the date
of repayment and obtain Party A’s consent. If Party A does not agree to repay the loan in advance, Party C shall still implement
the agreement in this contract.

		2)	For loans that are returned in advance, the interest is calculated and collected at the interest
rate stipulated in Article 5 of this contract based on the amount of the loan and the number of days of use. The part that is not
returned in advance shall still be implemented in accordance with Article 10 of this contract.

 

    

     

    

 

		21.	Loan extension

		1)	Party C can apply to Party A for loan extension if Party C fails to repay the loan on schedule
due to changes in objective conditions.

		2)	Party C shall submit to Party A a written application for extension of the loan 15 days prior to
the maturity date of the loan and the written document that the guarantor of this contract agrees to continue to undertake the
guarantee obligation after the extension, or a new guarantee approved by Party A.

		3)	If Party A agrees to extend the term, Party A shall issue a "Notice of extension of entrusted
loan" to Party B, and Party B shall sign an extension repayment agreement with Party A and Party C accordingly. If Party A
does not agree to the extension, Party C shall still perform the repayment obligation in accordance with the contract.

		22.	Transfer, modification and termination of contract

		1)	After the contract comes into effect, Party A shall transfer all or part of the creditor's rights
under this contract to a third party without the consent of Party B and Party C, but shall notify Party B and Party C.

		2)	After the contract comes into effect, Party C shall transfer all or part of the debts under this
contract to a third party with the prior written consent of Party A, and submit to Party A a written guarantee that the guarantor
will continue to undertake the guarantee obligations after the transfer, or provide a new guarantee approved by Party A.

		3)	After this contract comes into effect, either Party A, Party B and Party C shall not change it
without authorization. In case of any change, a written change agreement shall be signed with the consent of all parties.

		4)	After the contract comes into effect and before the loan is issued, Party A has the right to unilaterally
terminate the contract in case of any situation that seriously endangers the safety of the loan and affects the repayment ability
of Party C. In addition, neither party shall terminate this contract without authorization. In case of termination, the parties
shall reach a written agreement to terminate the agreement.

		5)	The terms of this contract shall remain valid until the assignment, modification or termination
of this contract takes effect.

		23.	Special agreement

		1)	Party C's repayment obligation under this contract shall not be exempted due to the invalidity
or cancellation of this contract, the change of Party C's financial status, business mode, own system or legal status, or any other
agreement or document signed by Party C with others.

		2)	During the validity period of the contract, all documents sent by Party A and / or Party B to Party
C shall be deemed to have been delivered if Party C's legal name, legal representative, legal residence, etc. have changed without
written notice to Party A and Party B.

		3)	In this contract, Party B is entrusted by Party A to handle the entrusted loan business to Party
C. Party B shall not be responsible for repaying the principal and interest on behalf of Party C when the loan cannot be recovered
due to any reason.

		24.	Other agreements
	 	 	 
	 	 	 
	 	 	 

 

    

     

    

 

 

Matters not covered
in this contract shall be implemented in accordance with relevant national laws and regulations. In case of no provisions in laws
and regulations, the parties may reach a written supplementary agreement as an appendix to this contract, which has the same legal
effect as this contract.

		25.	Dispute resolution

Any dispute arising
from the performance of this contract shall be settled through negotiation; if the negotiation fails, either party shall apply
to the people's Court of the place where Party B is located (the people's Court of the place where Party B is located
/ arbitration committee applies for arbitration).

		26.	Effectiveness and termination of contract

This contract shall
come into force on the date when the legal representatives or authorized agents of each party sign and affix the official seal
of the unit, and shall terminate when the loan principal, interest, compound interest, penalty interest, liquidated damages, damages
and all expenses incurred by Party A for realizing the creditor's rights are fully paid off.

		27.	Contract text

		1)	This contract is made in 3 copies, 1 copy each is held by Party A,
Party B and Party C, and has the same legal effect.

		2)	The relevant attachments under this contract are integral parts of this contract and have the same
legal effect as this contract.

 

 

    

     

    

 

Party A’s seal:

Legal representative: Chengpeng Sun

Signature: Chengpeng Sun

Date:

 

 

 

Party B’s seal:

Authorized agent: Chuanjian Mao

Signature: Chuanjian Mao

Date:

 

 

 

Party C’s seal:

Legal representative: Yuebiao Li

Signature: Yuebiao Li

Date:Exhibit

Exhibit 10.2

AMENDMENT NO. 1
Dated as of April 29, 2020 
to
FOURTH AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT
Dated as of June 5, 2018

THIS AMENDMENT NO. 1 (this “Amendment”) is made as of April 29, 2020 by and among CMS Energy Corporation, a Michigan corporation (the “Company”), the financial institutions listed on the signature pages hereof and Barclays Bank PLC as administrative agent (the “Agent”), under that certain Fourth Amended and Restated Revolving Credit Agreement dated as of June 5, 2018 by and among the Company, the financial institutions from time to time party thereto (the “Banks”) and the Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement.

WHEREAS, the Company has requested that the Banks and the Agent agree to certain amendments to the Credit Agreement;

WHEREAS, the Company, the Banks and the Agent have so agreed on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company, the Banks party hereto and the Agent hereby agree to enter into this Amendment.

1.Amendments to the Credit Agreement. Effective as of April 29, 2020 (the “Amendment No. 1 Effective Date”) but subject to the satisfaction of the conditions precedent set forth in Section 2 below, the parties hereto agree that the Credit Agreement is hereby amended as follows:

(a)Section 1.1 of the Credit Agreement is hereby amended to (i) delete the definition of “Total Consolidated EBITDA” therefrom and (ii) add or amend and restate, as applicable, the  following definitions in their appropriate alphabetical order therein:

“ “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.”

“ “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.”

“ “Bail-In Legislation” means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom  relating to the resolution of unsound 

ACTIVE 256339955v.5

or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).”

“ “Material Subsidiary” means any Subsidiary of the Company that, on a consolidated basis with any of its Subsidiaries as of any date of determination, accounts for more than 10% of the consolidated assets of the Company and its Consolidated Subsidiaries; provided, that Enerbank USA shall not be deemed to be a Material Subsidiary at any time.”

“ “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.”

“ “Total Consolidated Capitalization” means, at any date of determination, without duplication, the sum of (a) Total Consolidated Debt plus all amounts excluded from Total Consolidated Debt pursuant to clauses (ii), (iii) and (vii) of the proviso to the definition of such term (but only, in the case of securities of the type described in clause (iii) of such proviso, to the extent such securities have been deemed to be equity pursuant to Accounting Standards Codification Subtopic 480-10 (previously referred to as Statement of Financial Accounting Standards No. 150)), (b) equity of the common stockholders of the Company, (c) equity of the preference stockholders of the Company and (d) equity of the preferred stockholders of the Company, in each case determined at such date.”

“ “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.”

“ “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.”

“ “Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.”

(b)Article VIII of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
“ARTICLE VIII 
FINANCIAL COVENANT
So long as any of the Obligations shall remain unpaid, any Facility LC shall remain outstanding  or any Bank shall have any Commitment under this Agreement, the Company shall at all times maintain a ratio of Total Consolidated Debt to Total Consolidated Capitalization of not greater than 0.70 to 1.0.”

2

(c)Section 12.19 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

“12.19 Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Credit Document may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

(a)the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

(b)the effects of any Bail-In Action on any such liability, including, if applicable:

(i)a reduction in full or in part or cancellation of any such liability;

(ii)a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Credit Document; or

(iii)the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.”

(d)Exhibit B to the Credit Agreement is hereby amended and restated in its entirety in the form attached hereto as Annex I.

2.Conditions of Effectiveness. The effectiveness of this Amendment on the Amendment No. 1 Effective Date is subject to the conditions precedent that (i) the Agent shall have received counterparts of this Amendment duly executed by the Company, the Majority Banks and the Agent and (ii) the Agent shall have received payment and/or reimbursement of the Agent’s and its affiliates’ fees and expenses (including, to the extent invoiced, fees and expenses of counsel for the  Agent) in connection with this Amendment.

3.Representations and Warranties of the Company. The Company hereby  represents and warrants as follows:

(a)This Amendment and the Credit Agreement as modified hereby constitute legal, valid and binding obligations of the Company and are enforceable against the Company in accordance with their terms, subject to (i) the effect of applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) the application of general principles of equity (regardless of whether considered in a proceeding in equity or at law).

(b)As of the date hereof and after giving effect to the terms of this Amendment, (i) no Default or Event of Default has occurred and is continuing and (ii) the representations and warranties contained in Article V of the Credit Agreement, as amended hereby (and, solely with respect to the representation 

3

contained in Section 5.6 of the Credit Agreement, after giving effect to any reports filed with the SEC prior to the date hereof), are true and correct.

		
	4.
	Reference to and Effect on the Credit Agreement.

(a)This Amendment shall constitute a Credit Document.

(b)Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit Agreement or any other Credit Document shall mean and be a reference to the Credit Agreement  as amended hereby.

(c)Each Credit Document and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed.

(d)Except with respect to the subject matter hereof, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Agent or the Banks, nor constitute a waiver of any provision of the Credit Agreement, the Credit Documents or any other documents, instruments and agreements executed and/or delivered in connection therewith.

5.Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAW (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF NEW YORK, BUT OTHERWISE WITHOUT REGARD TO THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

6.Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.

7.Counterparts. This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopy, e-mailed .pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to any document to be signed in connection with this Amendment and the transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

[Signature Pages Follow]

4

IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above written.

	
		
	 
	CMS ENERGY CORPORATION,

	 
	as the Company

	 
	 

	By:
	/s/ Srikanth Maddipati

	Name:
	Srikanth Maddipati

	Title:
	Vice President and Treasurer

	
		
	 
	BARCLAYS BANK PLC,

	 
	individually as a Bank and as Agent

	 
	 

	By:
	/s/ Sam Yoo

	Name:
	SAM YOO

	Title:
	MANAGING DIRECTOR

	
		
	 
	JPMORGAN CHASE BANK, N.A.,

	 
	as a Bank

	 
	 

	By:
	/s/ Nancy R. Barwig

	Name:
	Nancy R. Barwig

	Title:
	Executive Director

	
		
	 
	MUFG UNION BANK, N.A.,

	 
	as a Bank

	 
	 

	By:
	/s/ Viet-Linh Fujitaki

	Name:
	Viet-Linh Fujitaki

	Title:
	Vice President

	
		
	 
	BANK OF AMERICA, N.A.,

	 
	as a Bank

	 
	 

	By:
	/s/ Sara Just

	Name:
	Sara Just

	Title:
	Vice President

Signature Page to Amendment No. 1 to
Fourth Amended and Restated Revolving Credit Agreement CMS Energy Corporation

	
		
	 
	MIZUHO BANK, LTD.,

	 
	as a Bank

	 
	 

	By:
	/s/ Edward Sacks

	Name:
	Edward Sacks

	Title:
	Authorized Signatory

	
		
	 
	BNP PARIBAS,

	 
	as a Bank

	 
	 

	By:
	/s/ Denis O’Meara

	Name:
	Denis O’Meara

	Title:
	Managing Director

	 
	 

	By:
	/s/ Theodore Sheen

	Name:
	Theodore Sheen

	Title:
	Director

	
		
	 
	CITIBANK, N.A.,

	 
	as a Bank

	 
	 

	By:
	/s/ Amit Vasani

	Name:
	Amit Vasani

	Title:
	Vice President

	
		
	 
	DEUTSCHE BANK AG NEW YORK BRANCH,

	 
	as a Bank

	 
	 

	By:
	/s/ Ming K Chu

	Name:
	Ming K Chu    ming.k.chu@db.com

	Title:
	Director    +1-212-250-5451

	 
	 

	By:
	/s/ Annie Chung

	Name:
	Annie Chung  annie.chung@db.com

	Title:
	Director    +1-212-250-6375

Signature Page to Amendment No. 1 to
Fourth Amended and Restated Revolving Credit Agreement CMS Energy Corporation

	
		
	 
	FIFTH THIRD BANK, NATIONAL ASSOCIATION

	 
	as a Bank

	 
	 

	By:
	/s/ Will Merritt

	Name:
	Will Merritt

	Title:
	Director II

	
		
	 
	GOLMAN SACHS BANK USA,

	 
	as a Bank

	 
	 

	By:
	/s/ Jamie Minieri

	Name:
	Jamie Minieri

	Title:
	Authorized Signatory

	
		
	 
	KEYBANK NATIONAL ASSOCIATION,

	 
	as a Bank

	 
	 

	By:
	/s/ Lisa A. Ryder

	Name:
	Lisa A. Ryder

	Title:
	Senior Vice President

	
		
	 
	THE NORTHERN TRUST COMPANY,

	 
	as a Bank

	 
	 

	By:
	/s/ Will Hicks

	Name:
	Will Hicks

	Title:
	Vice President

	
		
	 
	PNC BANK, NATIONAL ASSOCIATION,

	 
	as a Bank

	 
	 

	By:
	/s/ Kelly Sarver

	Name:
	Kelly Sarver

	Title:
	Vice President

Signature Page to Amendment No. 1 to
Fourth Amended and Restated Revolving Credit Agreement CMS Energy Corporation

	
		
	 
	ROYAL BANK OF CANADA,

	 
	as a Bank

	 
	 

	By:
	/s/ Martina Wellik

	Name:
	Martina Wellik

	Title:
	Authorized Signatory

	
		
	 
	THE BANK OF NOVA SCOTIA,

	 
	as a Bank

	 
	 

	By:
	/s/ David Dewar

	Name:
	David Dewar

	Title:
	Director

	
		
	 
	SUMITOMO MITSUI BANKING CORPORATION,

	 
	as a Bank

	 
	 

	By:
	/s/ Katie Lee

	Name:
	Katie Lee

	Title:
	Director

	
		
	 
	TRUIST BANK, Successor by Merger to SUNTRUST BANK,

	 
	as a Bank

	 
	 

	By:
	/s/ Bryan Kunitake

	Name:
	Bryan Kunitake

	Title:
	Director

	
		
	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION,

	 
	as a Bank

	 
	 

	By:
	/s/ Jesse Tannuzzo

	Name:
	Jesse Tannuzzo

	Title:
	Vice President

Signature Page to Amendment No. 1 to
Fourth Amended and Restated Revolving Credit Agreement CMS Energy Corporation

	
		
	 
	MORGAN STANLY BANK, N.A.,

	 
	as a Bank

	 
	 

	By:
	/s/ Jake Dowden

	Name:
	Jake Dowden

	Title:
	Authorized Signatory

	
		
	 
	U.S. BANK NATIONAL ASSOCIATION

	 
	as a Bank

	 
	 

	By:
	/s/ Jenna R. Papaz

	Name:
	Jenna Papaz

	Title:
	Vice President

	
		
	 
	COMERICA BANK,

	 
	as a Bank

	 
	 

	By:
	/s/ Brandon Kotcher

	Name:
	Brandon Kotcher

	Title:
	Assistant Vice President

Signature Page to Amendment No. 1 to
Fourth Amended and Restated Revolving Credit Agreement CMS Energy Corporation

ANNEX I

EXHIBIT B
FORM OF COMPLIANCE CERTIFICATE

I, _______________, __________________ of CMS Energy Corporation, a Michigan corporation (the “Company”), DO HEREBY CERTIFY in connection with the Fourth Amended and Restated Revolving Credit Agreement, dated as of June 5, 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein being used herein as so defined), among the Company, various financial institutions and Barclays Bank PLC, as Agent and an LC Issuer, that:

Article VIII of the Credit Agreement provides that the Company shall: “At all times maintain a ratio of Total Consolidated Debt to Total Consolidated Capitalization of not greater than 0.70 to 1.0.”

The following calculations are made in accordance with the definitions of Total Consolidated Debt and Total  Consolidated Capitalization in the Credit Agreement and are correct and accurate as of __________, _____:

	
					
	A.
	Total Consolidated Debt
	 

	 
	(a)
	Indebtedness for borrowed money
	$
	 

	plus
	(b)
	Indebtedness for deferred purchase price of property/services
	(+) $
	 

	plus
	(c)
	Liabilities for accumulated funding deficiencies (prior to the effectiveness of the applicable provisions of the Pension Protection Act of 2006 with respect to a Plan) and liabilities for failure to make a payment required to satisfy the minimum funding standard within the meaning of Section 412 of the Code or Section 302 of ERISA (on and after the effectiveness of the applicable provisions of the Pension Protection Act of 2006 with respect to a Plan).
	(+) $
	 

	plus
	(d)
	Liabilities in connection with withdrawal liability under ERISA to any Multiemployer Plan
	(+) $
	 

	plus
	(e)
	Obligations under acceptance facilities
	(+) $
	 

	plus
	(f)
	Obligations under Capital Leases
	(+) $
	 

	plus
	(g)
	Obligations under interest rate swap, “cap”, “collar” or other hedging agreement
	(+) $
	 

	plus
	(h)
	Off-Balance Sheet Liabilities
	(+) $
	 

	plus
	(i)
	the Consumers Preferred Equity
	(+) $
	 

	plus
	(j)
	non-contingent obligations in respect of letters of credit and bankers’ acceptances
	(+) $
	 

	
					
	plus
	(k)
	Guaranties, endorsements and other contingent obligations
	(+) $
	 

	plus
	(l)
	elimination of reduction in Debt due to any election under Section 25 of Accounting Standards Codification Subtopic 825-10 to “fair value” any Debt or other liabilities of the Company or any Subsidiary
	(+) $
	 

	plus
	(m)
	elimination of reduction in Debt due to application of Accounting Standards Codification Subtopic 470-20
	(+) $
	 

	minus
	(n)
	Principal amount of any Securitized Bonds
	(-) $
	 

	minus
	(o)
	Junior Subordinated Debt of the Company, Hybrid Equity Securities and Hybrid Preferred Securities of the Company or owned by any Hybrid Equity Securities Subsidiary or Hybrid Preferred Securities Subsidiary
	(-) $
	 

	minus
	(p)
	Agreed upon percentage of Net Proceeds from issuance of hybrid debt/equity securities (other than Junior Subordinated Debt, Hybrid Equity Securities and Hybrid Preferred Securities)
	(-) $
	 

	minus
	(q)
	Liabilities on the Company’s balance sheet resulting from the disposition of the Palisades Nuclear Plant
	(-) $
	 

	minus
	(r)
	Mandatorily Convertible Securities
	(-) $
	 

	minus
	(s)
	Project Finance Debt of the Company or any Consolidated Subsidiary
	(-) $
	 

	minus
	(t)
	Project Finance Debt of the Company or any Consolidated Subsidiary
	(-) $
	 

	minus
	(u)
	Debt of the Company and its Affiliates that is re-categorized as such from certain lease obligations pursuant to Section 15 of Accounting Standards Codification Subtopic 840-10
	(-) $
	 

	minus
	(v)
	Debt of EnerBank USA
	(-) $
	 

	 
	 
	Total $
	 

	B.
	Total Consolidated Capitalizations

	 
	(a)
	Total Consolidated Debt
	$
	 

	plus
	(b)
	The sum of Items A(o), A(p) and A(t) above1
	(+)
	 

1 In the case of securities of the type described in A(p), only to the extent such securities have been deemed to be equity pursuant to Financial Accounting Standards Board Statement No. 150.

	
						
	plus
	(c)
	Equity of common stockholders
	(+)
	 

	plus
	(d)
	Equity of preference stockholders
	(+)
	 

	plus
	(e)
	Equity of preferred stockholders
	(+)
	 

	 
	Total $
	 

	 
	 
	 

	C.
	Debt to Capital Ratio
(total of A divided by total of B)
	 
	to 1.00

	D.
	Applicable Sustainability Adjustment2:
	3,478
	Gwh

	 
	1.
	Baseline Sustainability Amount
	 
	Gwh

	 
	2.
	Sustainability Amount (comprised of Renewable Energy):
	 
	Gwh

	 
	 
	(a)
	wind generation
	 
	Gwh

	 
	 
	(b)
	solar generation
	 
	Gwh

	 
	 
	(c)
	hydroelectric generation (excluding pumped storage)
	 
	Gwh

	 
	 
	(d)
	biomass generation
	 
	Gwh

	 
	 
	(e)
	other Renewable Energy generation
(to the extent approved by the Majority Banks)
	 
	Gwh

	 
	 
	(f)
	purchased wind generation
	 
	Gwh

	 
	 
	(g)
	purchased other Renewable Energy generation (as reported on Form 10-K)
	 
	Gwh

	minus
	 
	(h)
	Flint, MI (50%) for duplication
	 
	Gwh

	minus
	 
	(i)
	Grayling, MI (50%) for duplication
	 
	Gwh

	 
	 
	(j)
	Sustainability Amount: sum of 2(a) through 2(i) =
	 
	Gwh

2 For the avoidance of doubt, all reported figures shall be consistent with those reported on the Company’s most recently filed annual report on Form 10-K (or any successor form) (or, subject to the satisfaction of the requirements set forth in Section 6.7(c), any amendment thereto).

	
						
	 
	 
	(k)
	Sustainability Amount divided by Baseline Sustainability Amount
	 
	%

	 
	3.
	Other Non-Renewable Energy Generation
	 
	 

	 
	 
	(a)
	coal steam generation
	 
	Gwh

	 
	 
	(b)
	oil/gas steam generation
	 
	Gwh

	 
	 
	(c)
	hydroelectric generation (to the extent not constituting Renewable Energy)
	 
	Gwh

	 
	 
	(d)
	gas combined cycle
	 
	Gwh

	 
	 
	(e)
	gas/oil combustion turbine
	 
	Gwh

	 
	 
	(f)
	coal generation
	 
	Gwh

	 
	 
	(g)
	gas generation
	 
	Gwh

	 
	 
	(h)
	other gas generation
	 
	Gwh

	 
	 
	(i)
	nuclear generation
	 
	Gwh

	minus
	 
	(j)
	Filer City, MI (50%) for duplication
	 
	Gwh

	 
	 
	(k)
	sum of 3(a) through 3(j) = Non-Renewable Owned/Purchased Generation
	 
	Gwh

	 
	 
	(l)
	Sustainability Amount (2(j)) plus Non-Renewable Energy (3(k)) = Total Owned/Purchased Generation
	 
	Gwh

	 
	4.
	Baseline Sustainability Percentage
	8.66
	%

	 
	5.
	Sustainability Percentage
(total of Sustainability Amount (2(j)) divided by Total Owned/Purchased Generation (3(l))
	 
	%

	Sustainability Percentage Greater than, Equal to, or Less than Baseline Sustainability Percentage
	 

	
									
	 
	 
	6.     Applicable Sustainability Adjustment

	Calculation
	 
	Applicable Margin adjustment
	 
	Applicable Sustainability Adjustment3

	Sustainability Percentage ≥ Baseline
Sustainability Percentage AND:
	 
	 
	 
	 

	 
	Sustainability Amount ≥ 105% of
Baseline Sustainability Amount
	 
	reduced by 0.025%
	 
	o

	 
	Sustainability Amount ≥ 110% of
Baseline Sustainability Amount
	 
	reduced by 0.05%
	 
	o

	Sustainability Percentage < Baseline 
Sustainability Percentage AND
	 
	 
	 
	 

	 
	Sustainability Amount ≤ 95% of
Baseline Sustainability Amount
	 
	increased by 0.025%
	 
	o

	 
	Sustainability Amount ≤ 90% of
Baseline Sustainability Amount
	 
	increased by 0.05%
	 
	o

	No Applicable Adjustment
	 
	 
	 
	o

IN WITNESS WHEREOF, I have signed this Certificate this _____ day of ____,______.

	
		
	Name:
	 

	Title:
	 

3 Check applicable adjustment. For the avoidance of doubt, only one selection shall be made.

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