Document:

Exhibit 10.66

 Exhibit 10.66 
 MUTUAL OPERATING AGREEMENT 
 BETWEEN 
 VIRGINIA ELECTRIC AND POWER COMPANY 
 AND 
 OLD DOMINION ELECTRIC COOPERATIVE 

 MUTUAL OPERATING AGREEMENT 
 BETWEEN 
 VIRGINIA ELECTRIC AND POWER COMPANY 
 AND 
 OLD DOMINION ELECTRIC
COOPERATIVE 
 This Mutual Operating Agreement (“Agreement”) is entered into as of the 18th day of May, 2005, by Virginia
Electric and Power Company doing business as Dominion Virginia Power in the Commonwealth of Virginia and as Dominion North Carolina Power in the State of North Carolina (hereinafter called “Dominion”), having its principal office located
at 701 East Cary Street, Richmond, Virginia 23219, and Old Dominion Electric Cooperative (hereinafter called “Customer”), having its principal office located at 4201 Dominion Boulevard, Richmond, Virginia 23060. Dominion and Customer are
individually referred to herein as a “Party” and collectively as the “Parties.” 
 WHEREAS, Dominion is a Transmission
Owner of PJM Interconnection, LLC, under PJM-South Transmission Owners Agreement; and 
 WHEREAS Customer is a membership electric
cooperative and is comprised of twelve, of which the nine entities listed in Appendix D are connected to Dominion’s Facilities. As used throughout this Agreement, “Customer” includes the entities listed in Appendix D; and] 

WHEREAS, Customer owns and operates facilities used for the delivery of retail electricity to end-users; and 
 WHEREAS, the Parties wish to enter into this Agreement for the purpose of providing for the benefits of mutually coordinated operations of the
Customer’s and Dominion’s Facilities and for the purpose of providing for service reliability in a manner that is consistent with Good Utility Practice and PJM Requirements. 
 NOW, THEREFORE, in order to carry out the purposes of this Agreement, and in consideration of their respective commitments set forth herein, and
intending to be legally bound hereby, the Parties covenant and agree as follows: 
 ARTICLE 1 
 DEFINITIONS 
 Capitalized terms used in
this Agreement shall have the meanings assigned herein or in the Appendices hereto for all purposes of this Agreement. Should a definition given below differ from a definition of the same or similar term as given in the PJM OATT, the definition
given below shall apply to the interpretation of this Agreement. As used in this Agreement: 
  

	1.1	Affiliate – shall mean with respect to a corporation, partnership or other entity, each such other corporation, partnership or other entity that either directly or
indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such corporation, partnership or other entity. 

  

	1.2	Applicable Laws and Regulations – shall mean all duly promulgated applicable federal, state and local laws, regulations, rules, ordinances, codes, decrees, judgments,
directives, or judicial or administrative orders, permits and other duly authorized actions of any Governmental Authority having jurisdiction over the relevant Parties, their respective facilities, and/or the respective services they provide.

  

	1.3	Commercial Operation Date – shall mean the day upon which the Delivery Point Facilities are energized and placed into normal daily operation. 

 

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	1.4	Customer’s Facilities – shall mean all facilities of any kind owned and operated by Customer directly for or in support of Electricity Delivery.

  

	1.5	Delivery Facilities – shall mean all or any portion of Customer’s Facilities and Dominion’s Facilities. 

  

	1.6	Delivery Point – shall mean the specific point of electrical connection between Dominion’s Facilities and Customer’s Facilities. 

  

	1.7	Delivery Point Facilities – shall mean the facilities owned by Dominion and the facilities owned by Customer, that are constructed or improved to establish the Delivery
Point or support modified requirements relating to the Delivery Point. 

  

	1.8	Delivery Point Catalog – shall mean the catalog maintained by the Administrative Committee cataloging each Delivery Point and certain related information.

  

	1.9	Dominion’s Facilities – shall mean all facilities of any kind owned by Dominion directly for or in support of Electricity Delivery. 

  

	1.10	Due Diligence – shall mean the exercise of good faith efforts to perform a required act on a timely basis using the necessary technical and manpower resources.

  

	1.11	Electricity Delivery – shall mean the transmission or distribution of electric power across Delivery Facilities. 

  

	1.12	Emergency – shall mean a condition or situation that in the judgment of either Party is imminently likely (as determined in a non-discriminatory manner) (i) to
endanger life or property; or (ii) to cause a material adverse effect on the security of, or damage to, Delivery Facilities, or the transmission systems or distribution systems to which Dominion or the Customer is directly or indirectly
connected. Any condition or situation that results from lack of sufficient generating capacity to meet load requirements or that results solely from economic conditions shall not constitute an Emergency condition, unless one or more of the
enumerated conditions or situations identified in this definition also exists. 

  

	1.13	FERC – shall mean the Federal Energy Regulatory Commission or any successor federal agency, commission or department exercising jurisdiction over this Agreement.

  

	1.14	Good Utility Practice – shall mean any of the practices, methods and acts engaged in or approved by a significant portion of the electric utility industry during the
relevant time period, or any of the practices, methods and acts which, in the exercise of reasonable judgment in light of the facts known at the time the decision was made, could have been expected to accomplish the desired result at a reasonable
cost consistent with good business practices, reliability, safety and expedition. Good Utility Practice is not intended to be limited to the optimum practice, method, or act to the exclusion of all others, but rather to be acceptable practices,
methods, or acts generally accepted in the region. 

  

	1.15	Governmental Authority – shall mean any federal, state, local or other governmental, regulatory or administrative agency, court, commission, department, board, or other
governmental subdivision, legislature, rulemaking board, tribunal, arbitrating body, or other governmental authority, having responsibility over the Parties, their respective facilities, or the respective services they provide, and exercising or
entitled to exercise any administrative, executive, police, or taxing authority or power; provided, however, that such term does not include Dominion, Customer, or any Affiliate thereof. 

  

	1.16	Interest Rate – shall mean the rate of interest calculated in accordance with the methodology specified for interest on refunds in the FERC’s regulations at 18
C.F.R. § 35.19a(a)(2)(iii) or successor thereto. 

  

	1.17	Isolation Device – shall mean a device that can be manually opened to isolate one portion of the Delivery Facilities from another and provides a visual point of
disconnection. 

  

	1.18	Planning Zone – shall mean a set of electrical busses in an electrically contiguous portion of Dominion’ Facilities as modeled for planning purposes by Dominion.

  

	1.19	Project – shall mean all work, equipment, materials, and services undertaken, whether physical or intellectual, related to the installation, modification, or removal of
Dominion’s Facilities. 

  

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	1.20	Protection Device – shall mean a device to isolate, without manual intervention, one portion of Delivery Facilities from another when an overload condition or other
condition is present that may have damaging effects on the Delivery Facilities or to parties interconnected to the Delivery Facilities. An Isolation Device may be integral with a Protection Device. 

  

	1.21	PJM – shall mean PJM Interconnection, L.L.C., or any successor Regional Transmission Organization (RTO). 

  

	1.22	PJM OATT – shall mean the PJM Open Access Transmission Tariff. 

  

	1.23	PJM Requirement – shall mean any rule, charge, procedure, or other requirement of PJM, including the PJM OATT, applicable to FERC-jurisdictional transmission service
provided over Dominion’s Facilities. 

  

	1.24	Reliability Council – shall mean the North American Electric Reliability Council or any successor agency assuming or charged with similar responsibilities related to the
operation and reliability of the North American electric interconnected transmission grid, including any regional or other subordinate council of which Dominion is a member. 

  

	1.25	Service Area – shall mean the geographical area in which Dominion provides, or is authorized to provide, Electricity Delivery. 

 ARTICLE 2 
 SCOPE OF AGREEMENT

  

	2.1	Purpose – This Agreement sets forth the terms and conditions under which Dominion and Customer shall interconnect and operate their respective Delivery Facilities.

  

	2.2	Facilities at Delivery Points – Dominion and Customer, during the term of this Agreement, shall operate and maintain their respective Delivery Facilities at and in the
area surrounding the Delivery Point as described in the Delivery Point Catalog. Any change in the Delivery Points or the Delivery Facilities owned by either Party at the Delivery Points shall be reflected in a modification to the Delivery Point
Catalog. Delivery Points and related Delivery Facilities may be added, modified, or removed pursuant to this Agreement. 

  

	2.3	Operational Standard – The Parties shall discharge any and all obligations under this Agreement with Due Diligence and in accordance with Good Utility Practice.

  

	2.4	Customer Responsibility – Customer shall be responsible for obtaining, under separate agreements, additional services as needed, including, without limitation:
transmission service including distribution service, energy, capacity, and ancillary services. 

  

	2.5	Losses – Nothing in this Agreement shall be construed as requiring Dominion to be responsible for any electrical losses associated with the delivery of electricity to a
Delivery Point. 

  

	2.6	Interruption of Delivery – Nothing in this Agreement shall be construed as guaranteeing uninterrupted or undisturbed delivery of electricity to a Delivery Point.

 ARTICLE 3 
 TERM, TERMINATION, MODIFICATION AND REGULATORY APPROVAL 
  

	3.1	Effective Date – This Agreement shall become effective May 1, 2005, or such other date as may be designated by the FERC. 

  

	3.2	Filing of Agreement for Regulatory Approval – Promptly upon execution of this Agreement by the Parties, Dominion shall file the Agreement with FERC under
Section 205 of the Federal Power Act and shall request an effective date which shall be the Effective Date of acceptance of this Agreement by the FERC, subject to waiver of any applicable notice and 

  

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 filing requirements. In the event that the FERC, or a court of competent jurisdiction, determines that
the FERC does not have jurisdiction over this Agreement, then the Effective Date shall be the date first set forth above. 
  

	3.3	Term – This Agreement shall remain in full force and effect until any one of the following occurs: (i) Customer by 12 months’ advance written notice to
Dominion terminates the Agreement, (ii) the Agreement is terminated pursuant to Article 21, or (iii) the Agreement is terminated by action of a Governmental Authority. 

  

	3.4	Effect of Termination – The provisions of this Agreement relating to billing, payments and liabilities in connection with the actions of the Parties during the term of
this Agreement shall survive termination of this Agreement until they are fully discharged. 

  

	3.5	Renegotiable Events – If one of the following conditions occurs, the Parties shall negotiate in good faith to amend this Agreement or to take other appropriate action so
as to protect each Party’s interest in this Agreement. If the Parties are unable to reach agreement, either Party shall have the right to unilaterally file with the FERC, pursuant to Section 205 or Section 206 of the Federal Power Act
as appropriate, proposed amendments to this Agreement that the Party deems reasonably necessary to protect its interests. 

  

	 	3.5.1	Any change to Applicable Laws and Regulations having a material impact upon the effectiveness or enforceability of any provision of this Agreement. 

  

	 	3.5.2	This Agreement is not approved or accepted for filing by the FERC without modification or condition. 

  

	 	3.5.3	PJM or the Reliability Council prevents, in whole or in part, either Party from performing any provisions of this Agreement in accordance with its terms. 

 

	 	3.5.4	PJM Requirements are modified in a manner that materially affects either Party’s ability to perform its obligations under this Agreement. 

  

	3.6	Amendments to the Agreement 

  

	 	3.6.1	Amendments – In the event that the Parties agree to amend this Agreement, Dominion shall, if required, file any such amendment or modification with the FERC.

  

	 	3.6.2	Section 205 and 206 Rights – This Agreement shall not preclude either Party from exercising its rights under Sections 205 and 206 of the Federal Power Act to file
for a change in any rate, term, condition or service provided under this Agreement. 

 ARTICLE 4 
 RELATIONSHIP TO PJM 
  

	4.1	PJM Compliance – Each Party shall comply with the PJM Requirements. In the event of a conflict between the PJM Requirements and those of this Agreement, the PJM
Requirement shall govern. 

  

	4.2	Provision of Timely and Accurate Data – Each Party shall provide billing data as required by PJM. If the responsible Party has not provided such billing data by
PJM’s initial accounting deadline, the responsible Party shall provide such billing data to PJM as soon as reasonably possible thereafter, and no later than the accounting deadline applicable to PJM’s final settlement of the billing
period. 

  

	4.3	Billing Data – In the event Dominion cannot obtain, on a timely basis, Customer billing data via remote meter interrogation or directly from PJM, Customer shall provide
to Dominion, if requested, a copy of such billing data in a format that is the same or substantially the same that Customer provided to PJM and at the time it is provided to PJM. 

  

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 ARTICLE 5 
 PLANNING 
  

	5.1	Planning Coordination – The Parties agree to coordinate planning for joint operations and construction of Delivery Facilities in accordance with Good Utility Practice.
Each Party shall keep the other informed of its future needs and plans, and any changes necessitated by altered needs and plans may be jointly studied to develop the plan of, additions to, or alterations of existing Delivery Facilities that will
produce the greatest joint benefits to Dominion and the Customer. 

  

	5.2	Supply of Information – Dominion shall continue to plan and be responsible for Dominion Facilities not under the operational control of PJM. Customer shall furnish
annually, prior to September 1, a forecast of its total projected load, including summer and winter peaks, and its transmission and Delivery Point plans, as such plans may affect Customer, for at least the succeeding ten-year period. Such
forecast provided by Customer shall also include projected load for each of Customer’s Delivery Points served by Dominion on a non-coincident basis among all of Customer’s Delivery Points and such other data as mutually agreed. The Parties
shall jointly explore the effect of Customer’s plans, including future Delivery Points, on Dominion’s Facilities. If either Party makes a revision to its forecast during the year, notification of such revision shall be given in writing to
the other Party in a timely fashion. 

  

	5.3	Additional Information – To the extent not otherwise specified, the Parties shall provide each other with whatever information is reasonably necessary for the Parties to
meet their planning obligations with PJM. 

  

	5.4	Notification of Changes – Each Party shall notify the other in advance, of any changes to be made to its respective Delivery Facilities, which will affect the proper
coordination of protective devices on Customer’s Facilities and Dominion’s Facilities. 

 ARTICLE 6 

DELIVERY POINT FACILITIES 
  

	6.1	Ownership, Operation, and Maintenance – Customer shall own, operate and maintain all Delivery Facilities, except Delivery Point metering equipment, on Customer’s
side of the Delivery Points, unless otherwise mutually agreed. Dominion shall own, operate and maintain all Delivery Facilities on Dominion’s side of the Delivery Points, unless otherwise mutually agreed. 

  

	6.2	Modifications of Existing Delivery Points – Where modifications are requested by either Party for an existing Delivery Point, the requested modifications will be
reviewed, the costs of the changes allocated between the Parties and, if necessary, a new Delivery Point established. If the change is mutually agreed upon or if the change is reasonably required in accordance with Good Utility Practice, each Party
shall be responsible for its own costs. Otherwise, the Party requesting the change shall be fully responsible for the change and shall pay all costs incurred as a result of such change. When Customer so requests, Dominion shall provide a
preliminary, non-binding estimate of the cost to modify Dominion’s Facilities. 

  

	6.3	Future Delivery Points – Customer shall determine its needs for future Delivery Points and shall give Dominion advance notice pursuant to Section 6.6. Dominion and
the Customer shall review the Customer’s plans for reasonableness and consistency with Good Utility Practice. 

  

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	 	6.3.1	It is the intent of the Parties that the number, capacity, and location of future Delivery Points will result from a joint planning process using Good Utility Practice.

  

	 	6.3.2	Future Delivery Points shall be established at the point where adequate Dominion Facilities exist, or for other purposes of Dominion are planned to exist, at the requested time of
the connection. 

  

	 	6.3.3	Future Delivery Points will be established at 230 KV or 115 KV, except in those cases where Dominion and the Customer, consistent with Good Utility Practice, determines that service
at a lower voltage level is appropriate. Dominion shall not unreasonably withhold service at such lower voltage levels. 

  

	 	6.3.4	Each Party shall pay the costs of those Delivery Facilities on its side of the future Delivery Point except as provided in Article 13. Dominion shall have the right to designate
certain Delivery Facilities in its own Service Area that it may construct at its own cost, which would otherwise be constructed by Customer. 

  

	 	6.3.5	The Customer may construct a future Delivery Point even though under Good Utility Practice the need for such Delivery Point could be satisfied through the modification and/or
upgrading of existing Customer Facilities, provided that such future Delivery Point will not cause safety or reliability problems on Dominion Facilities, and the Customer shall bear the incremental cost to Dominion, pursuant to Appendix B, of the
required Dominion Facilities. 

  

	6.4	Requests and Notifications – In the following events, Customer shall submit a request or notification to Dominion pursuant to Appendix A: 

  

	 	6.4.1	Customer desires the installation, modification, or removal of Dominion’s Delivery Point Facilities, or modification to the capacity or characteristics of Dominion’s
Delivery Point Facilities. 

  

	 	6.4.2	Customer desires to discontinue Electric Delivery to one or more Delivery Points. 

  

	 	6.4.3	Customer plans changes to Customer’s Facilities that are reasonably anticipated to (i) lead to a modification to Dominion’s Facilities or (ii) impact the
operation of Dominion’s Facilities. 

  

	6.5	Dominion’s Review of Request – In accordance with the provisions of Appendix A, Dominion shall review Customer’s request and provide a response including,
as appropriate, any estimate for the cost of work to be performed. 

  

	6.6	Timing of Requests and Notifications – Customer shall use Due Diligence to submit requests and notifications pursuant to Appendix A as far in advance as possible of the
Customer’s desired Commercial Operation Date. Dominion shall use Due Diligence to meet Customer’s desired Commercial Operation Date. If Dominion determines Customer’s Commercial Operation Date cannot be met within Dominion’s
ordinary course of business, following Good Utility Practices, Dominion shall notify Customer in writing of any increased costs, including without limitation engineering, design, estimating, materials, or construction, which increased cost shall be
Customer’s responsibility. Dominion shall incur such costs only upon prior written authorization of Customer. 

  

	6.7	Delivery Point Construction – Customer’s Delivery Point Facilities shall be constructed such that they are suitable for connection to Dominion’s Facilities.
Customer shall be responsible for the cost of Dominion connecting Customer’s Facilities to Dominion’s Facilities at the Delivery Point. 

  

	6.8	Land Rights – Dominion shall not be required to construct Delivery Facilities where adequate permits, easements, rights-of-way, or land cannot be reasonably obtained;
however Customer may, at Customer’s cost, obtain or assist Dominion in obtaining such permits, easements, rights-of-way, or land. 

  

	6.9	Removals – Customer shall pay any cost incurred by Dominion to fulfill Customer’s request to remove or abandon Delivery Point Facilities. Such cost shall be reduced
by the actual material salvage value and scrap value, but the net cost shall not be less than zero. 

  

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 Customer shall also pay the depreciated original cost of the Delivery Facilities removed to the extent
Customer has not previously paid the original cost of such facilities. The depreciated original cost shall be determined as the original cost of such facilities (or, if unavailable, a reasonable estimate thereof), depreciated for the period such
facilities have been in service, including tax consequences. Such depreciation shall be calculated using Dominion’s depreciation procedures in effect at the time, and such depreciation procedures shall be consistent with accepted industry
practices. 
  

	6.10	Temporary Dominion Facilities – Temporary Dominion Facilities are those Dominion Facilities planned to be in use less than five years, or those included in a plan
mutually agreed to by the Parties that provides for their removal upon a predetermined future date or event. When temporary Dominion Facilities are provided upon Customer request, Customer shall pay prior to installation, the estimated installed
cost of the temporary Dominion Facilities. Prior to the removal of temporary Dominion Facilities, Customer shall pay the estimated cost of removal, less the estimated value of salvaged and scrapped material, but the net charge shall not be less than
zero. Customer’s final cost in both cases shall be based on Dominion’s actual cost, and Dominion shall bill or refund Customer accordingly. 

  

	6.11	Authorization – Dominion shall not proceed with performing any work or make any acquisitions relative to a Customer’s request, without receiving written
authorization from Customer to proceed and Customer’s prior written agreement to pay for such work. 

  

	6.12	Cancellation – If, for any reason, Customer cancels the installation, modification, or removal of Dominion Facilities initiated pursuant to Appendix A, Dominion may, in
accordance with Article 14, bill for costs incurred by Dominion relative to the implementation of such request. 

 ARTICLE 7

 CUSTOMER’S PROTECTION AND ISOLATION DEVICES 
  

	7.1	Customer’s Isolation Device – For each Delivery Point, Customer shall install, own, and maintain an Isolation Device on Customer’s side of the Delivery Point
that at a minimum provides a visual point of disconnection between the Parties. Except as may be mutually agreed by the Parties, the Isolation Device shall be configured, placed, and maintained in a manner that allows Dominion, without escort, to
readily view the device and determine whether it is open or closed. 

  

	7.2	Customer’s Protection Device – For each Delivery Point, Customer shall, install, own, and maintain Protection Devices on Customer’s side of the Delivery Point
and up-line from all load on Customer’s Facilities. Such devices shall protect Dominion’s Facilities and Customer’s Facilities from any deleterious effects of being connected to each other, and shall properly coordinate with
Dominion’s Protection Devices. A Protection Device meeting all requirements of Section 7.1 may also serve as the Isolation Device. Protection Devices shall be compatible with Reliability Council standards and PJM Requirements.

 ARTICLE 8 
 NORMAL OPERATIONS 
  

	8.1	Effect on the Other Party – Each Party shall refrain from any acts or uses of its Delivery Facilities that may have a significant adverse effect upon the reliability or
characteristics of the other Party’s Delivery Facilities. 

  

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	8.2	Interruption – Dominion may interrupt Electricity Delivery to modify, maintain, or repair Dominion’s Facilities, and for such other purposes consistent with Good
Utility Practice. Dominion shall provide Customer with as much notice as is reasonably possible of any planned interruptions of service. 

  

	8.3	Outage Planning – The Parties shall cooperate in the advance planning of outages and switching operations reasonably anticipated to materially affect one another,
including, without limitation, the loading or distribution of loads on the other Party’s Delivery Facilities. Each Party shall use Due Diligence to schedule such outages and switching operations at a time mutually acceptable to both Parties.
Outage planning shall follow all applicable PJM Requirements. The impact of congestion will be considered as it affects each Party’s load in the scheduling of outages. 

  

	8.4	Routine Work Schedules – When practicable, switching operations and outages shall be performed consistent with both Parties’ routine work schedules. If a Party
requests switching operations or outages (the “requesting Party”) at times that cause the Party accommodating the request (the “accommodating Party”) to incur costs due to the scheduling of additional personnel or extending the
workday of personnel, and if the accommodating Party otherwise agrees to the timing of the work, the requesting Party shall pay such additional costs incurred by the accommodating Party. 

  

	8.5	Reactive Load – Customer shall control the amount of reactive load imposed on Dominion’s Facilities. 

  

	 	8.5.1	Customer shall control reactive load at Delivery Points within the same ranges as Dominion controls reactive load for Dominion’s own retail load. As of the effective date of
this Agreement, such ranges are as specified below. 

  

	 	8.5.1.1	For all of Customer’s Delivery Points within a single Planning Zone where the Delivery Point is at 69 kV or greater, Customer shall maintain an aggregate power factor
within such Planning Zone of not less than 97.3 percent (lagging). 

  

	 	8.5.1.2	For all of Customer’s Delivery Points within a single Planning Zone where the Delivery Point is at less than 69 kV, Customer shall maintain an aggregate power factor
within such Planning Zone at not less than 99.0 percent (lagging). 

  

	 	8.5.1.3	The calculation of the Customer’s monthly power factor, and any applicable reactive power charges, shall be in accordance with the Service Agreement for Network Integration
Transmission Service under which the Customer purchases Network Integration Transmission Service in the Dominion Zone, as such may change from time to time. The Dominion Zone shall be as defined in the PJM OATT. 

  

	 	8.5.2	Through the Administrative Committee, the Parties shall work to develop a plan to bring the Customer’s Delivery Points within each Planning Zone into compliance with the power
factor requirements of Section 8.5.1. 

  

	 	8.5.3	The Planning Zone of each Delivery Point shall be listed in the Delivery Point Catalog. The Planning Zones as used in determining compliance to this Section 8.5 may be revised
by Dominion upon one year’s advance notice. 

  

	8.6	Abnormal Conditions Impairing Other Party – Any abnormal condition on one Party’s Delivery Facilities which impairs the other Party’s ability to operate its
Delivery Facilities or provide service to its customers shall be corrected by the Party owning the Delivery Facilities upon which the abnormal condition exists (the “Abnormal Condition Party”). Following receipt of notice, the Abnormal
Condition Party shall take whatever reasonable action is necessary to protect the other Party’s Delivery Facilities from damage. If the Abnormal Condition Party fails to make the correction within a reasonable time, the other Party shall have
the right, but not the obligation, to install facilities or perform such other work as may be appropriate to mitigate the impact. The Abnormal Condition Party shall bear the cost responsibility for such mitigation. 

  

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	8.7	Customer Not to Interconnect Dominion Facilities – Customer shall not, without advance permission from Dominion, configure or operate Customer’s Facilities in such
a manner as to create an electrical interconnection between one Delivery Point and another. In seeking permission for such interconnection, Customer shall provide Dominion with as much time to evaluate the request as Customer is reasonably able to
provide. 

  

	8.8	Alternate Delivery Sources – Alternate paths of delivering electricity to Customer are subject to the following operational limitations. 

  

	 	8.8.1	Customer shall not take delivery of electricity at Delivery Point Facilities designated as an alternate path except during times when delivery via the normal path is unavailable.
Dominion may at its sole discretion grant exceptions to this in writing. 

  

	 	8.8.2	In utilizing alternate paths of delivering electricity, Customer shall not energize Dominion Facilities that are de-energized and Customer shall isolate faults on Customer’s
Facilities before connecting to the alternate source of delivery. 

  

	8.9	Generation – Customer shall be responsible for assuring that any generation connection to Customer’s Facilities complies with all applicable generator
interconnection requirements. 

 ARTICLE 9 
 EMERGENCY OPERATIONS 
  

	9.1	Immediate Action and Notice – Upon becoming aware of an Emergency, each Party shall immediately take action that, in its reasonable judgment, is appropriate to prevent,
avoid or mitigate injury, danger, or loss; and shall provide the other with notification that is prompt under the circumstances when such Emergency is reasonably expected to have a material effect on the other. 

  

	9.2	Response – During an Emergency, each Party shall, without compensation from the other Party, operate its Delivery Facilities so as to implement Emergency procedures of
PJM or Dominion. However, neither Party shall be required to take any action, which that Party reasonably considers would cause unsafe conditions or damage to its Delivery Facilities or to facilities owned by its customers. Either Party shall have
the right to disconnect from the other Party’s system to protect facilities and persons from harm. 

  

	9.3	Records – Each Party shall keep and maintain records of actions taken during an Emergency that may reasonably be expected to impact the other Party’s Delivery
Facilities and shall make such records available to the other Party. Either Party shall have the right, during normal business hours, and upon prior reasonable notice to the other Party, to audit each other’s records pertaining to either
Party’s performance and/or satisfaction of obligations arising under this Article during the thirty-six month period prior to commencement of the audit. Any audit authorized by this provision shall be performed at the offices where such records
are maintained and shall be limited to those portions of such records that relate to obligations under this Article. 

  

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 ARTICLE 10 
 INSPECTION AND TESTING 
  

	10.1	Routine Inspection – Each Party shall routinely inspect and test its protection equipment and other Delivery Facilities. 

  

	10.2	Inspection Prior to Energizing – Before new or modified Delivery Point Facilities are energized for the first time, each Party shall inspect its own Delivery Point
Facilities for the purpose of identifying and addressing any functional or safety deficiencies. 

  

	10.3	Witness of Inspection – Each Party shall, as appropriate under the circumstances, reasonably inform the other of inspections and tests on its own Delivery Facilities
which, if they fail to operate properly, can reasonably be expected to have a material adverse effect on the other Party. Parties shall be permitted to witness the other Party’s inspection and tests of such facilities. 

 

	10.4	No Duty to Witness – Each Party has the right, but not the duty, to witness inspection or testing of the other Party’s Delivery Facilities as described in this
Article. Neither Party, in its capacity as a witness to inspection or testing, is responsible to the other Party or to any third party for omissions or oversights that may occur during inspections or testing. 

 ARTICLE 11 
 MAINTENANCE

 Each Party shall maintain its Delivery Facilities in accordance with the PJM Requirements and the provisions of this Agreement.

 ARTICLE 12 
 RIGHTS OF
ACCESS 
  

	12.1	Routine Entry Upon Mutual Consent – The Parties recognize that performance under this Agreement may require entry by one Party onto property controlled by the other.
Except as provided in Section 12.2, such entry shall be made only on mutual consent of the Parties, which consent shall not be unreasonably withheld. The Party gaining entry shall notify the other prior to such entry. 

 

	12.2	Emergency Entry – During an Emergency, the Party seeking entry shall make reasonable efforts to notify the other Party, but shall nevertheless be permitted access to the
property without prior mutual consent. 

  

	12.3	Safety Requirements – When working on property controlled by the other, each Party shall comply, and require its employees, subcontractors, and agents to comply, with:

  

	 	12.3.1	The other Party’s applicable safety requirements and rules, which each Party shall provide to the other upon request. 

  

	 	12.3.2	All safety and environmental requirements of federal, state, and local laws, rules, regulations, and ordinances, along with accepted industry safety practices.

  

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 ARTICLE 13 
 METERING 
  

	13.1	Meter Ownership – Customer may own the metering equipment used for billing. If Customer chooses not to own such metering equipment, Customer shall reimburse Dominion for
the cost of the metering equipment. Neither Party shall be required to sell its metering equipment to the other; however, the Parties are not prohibited from entering into an agreement for such sale. 

  

	13.2	Capabilities – Metering equipment shall, at a minimum, have the following capabilities. 

  

	 	13.2.1	Metering equipment shall record kWh by 30-minute interval, and shall record kQh by 30-minute interval. 

  

	 	13.2.2	For meters installed on and after the Effective Date, and where practicable for meters substantially modified on or after the Effective Date, such meters shall have remote
interrogation capability. Remote interrogation capability shall be retained for meters having such capability as of the Effective Date. The requirement for remote interrogation capability shall be waived for a particular metering application if both
Parties agree to forego remote interrogation capability. 

  

	13.3	Items Provided by Customer – Customer shall provide the items described below. 

  

	 	13.3.1	When Dominion owns the metering equipment used for billing, Customer shall provide and maintain the following at Customer’s cost: 

  

	 	13.3.1.1	Suitable mounting space for metering and associated devices, including space for communication devices. 

  

	 	13.3.1.2	When metering equipment is within Customer’s substation or otherwise connected to Customer’s equipment, any required conduit for secondary wiring from the instrument
transformers to the meter cabinet. 

  

	 	13.3.2	When Dominion owns the metering equipment used for billing, and when such equipment is within Customer’s substation or otherwise connected to Customer’s equipment,
Customer shall install at Customer’s cost, the following Dominion-owned equipment. 

  

	 	13.3.2.1	Metering transformers. 

  

	 	13.3.2.2	Metering and instrument cabinets and enclosures. 

  

	 	13.3.2.3	Wiring for the instrument transformers on the primary side, including connection of the wiring. 

  

	 	13.3.3	Subject to Article 12, when Customer owns the metering equipment used for billing, Customer shall provide suitable mounting space and other accommodations for any metering equipment
and devices, including communication devices, which Dominion may desire to install for purposes of operating Dominion’s Facilities and check-metering. Customer shall permit Dominion to connect such metering equipment to Customer’s
instrument transformers, Customer shall make suitable accommodations to permit such connection, and Customer shall permit Dominion to remotely interrogate the metering used for billing. 

  

	13.4	Location of Metering – Unless the Parties mutually agree to other metering locations, metering equipment used for billing shall be as close as practicable to the
Delivery Point. When measurement is made at any point other than the Delivery Point, suitable adjustment for losses between the point of measurement and the Delivery Point will be applied to all measurements so made. Where transformation is present
at the Delivery Point, the Parties shall, when practicable and cost-effective, place the meters on the secondary side of such transformation, compensated to the Delivery Point. 

  

 11 

	13.5	Security – Neither Party shall break any seals nor cut or open any locks placed by the other Party on the other Party’s meters. A Party shall not reset or otherwise
tamper with meters owned by the other Party. If a Party’s meters support such capability, the other Party shall be permitted access to information as listed below. 

  

	 	13.5.1	Read any visual displays of such meters consistent with the provisions of Article 12. 

  

	 	13.5.2	Have password-protected read-only remote interrogation access to such meters via a permanent Customer-owned communications link. 

  

	 	13.5.3	Receive real-time data from such meters via a permanent Customer-owned communications link as approved by Dominion. 

  

	13.6	Meters Not Used for Billing – A Party may place its own metering equipment not used for billing; however such metering equipment shall be installed and operated in a
manner that does not adversely impact the accuracy, integrity, and security of the meters used for billing. 

  

	13.7	Meter Accuracy – Meter testing requirements and the obligations of the Parties regarding the cost of meter tests shall be as specified in the PJM OATT. Meters used for
billing shall be considered accurate if testing determines the recorded usage is within one percent of actual usage. If meters are determined to be inaccurate, the rights and obligations of the Parties regarding rebilling are as specified in the PJM
OATT. 

  

	13.8	Specifications – Whether provided by Dominion or Customer, all items provided under this Article for Customer billing or for load monitoring, including, without
limitation, mounting space, hardware, software, communications devices, and communications links, shall conform to Dominion’s space and performance specifications, as may be modified or updated from time to time. Customer shall, at
Customer’s cost, update or modify Customer-owned equipment or software as necessary to conform with updates or modifications to such items in the event and to the extent such modifications are appropriate for Customer billing or for load
monitoring. Communications links provided by Customer under this Agreement shall have appropriate protection and isolation equipment as specified by Dominion, including, without limitation, optical isolators, high voltage protection, and surge
protection. 

 ARTICLE 14 
 BILLING, PAYMENT AND CREDIT 
  

	14.1	Dominion’s Cost of Projects – Under all provisions of this Agreement, Dominion’s cost arising from a Project shall include the full cost related to proper and
timely completion of the work, including all applicable direct and indirect overheads as the same may be in effect from time to time. For payment amounts which are Contributions in Aid of Construction (CIAC), to the extent that such payments are
classified as taxable income to Dominion, the total payment shall be increased or “grossed up” by an amount equal to Dominion’s income tax consequences arising from the CIAC. 

  

	14.2	Security – Customer shall only be required to provide to Dominion a security, in a form acceptable to Dominion, that names Dominion as the beneficiary, equal to
Dominion’s projected Project cost, in the event Customer does not meet Dominion’s reasonable creditworthiness standards. If Customer provides a security, the following shall apply: 

  

	 	14.2.1	As payments from Customer are received, Dominion shall allow Customer to reduce the level of such security as may be in place, to an appropriate amount equal to Dominion’s
estimated remaining Project cost. 

  

	 	14.2.1	If Dominion expects the actual Project cost to exceed its projected cost by more than ten percent, Dominion shall promptly notify Customer, and provide Customer with the reason(s)
for the increase. Upon such notice Customer shall, if required by Dominion, increase the security by the increased projected cost. 

  

 12 

	14.3	Billing – For Project work performed by Dominion for Customer under this Agreement, Dominion shall bill any applicable charges to Customer as provided below. However,
any ongoing monthly charges billed by Dominion to Customer pursuant to Appendix B shall be billed in accordance with the procedures and practices applicable to charges under the PJM OATT for transmission service. 

  

	 	14.3.1	For Project work, Dominion shall bill Customer periodically, but not more frequently than monthly, for chargeable amounts accrued to the Project, unless the Parties otherwise agree.

  

	 	14.3.2	Upon completion of the Project, Dominion shall promptly accumulate its final charges, and shall render a final bill to Customer. 

  

	14.4	Payment – Payment for amounts billed pursuant to Section14.3 shall be in accordance with the following. However, any ongoing monthly charges billed by Dominion to
Customer pursuant to Appendix B shall be paid in accordance with the procedures and practices applicable to charges under the PJM OATT for transmission service. 

  

	 	14.4.1	Customer shall make payment to Dominion for billed amounts with immediately available funds within thirty (30) days of the date of the invoice. If payment has not been made
within such period, the payment shall be considered as overdue. 

  

	 	14.4.2	Interest on overdue amounts shall be calculated at the Interest Rate from the due date of the bill to the date of payment. 

  

	 	14.4.3	If Customer disputes all or part of any bill, Customer shall promptly supply Dominion with a reasonably detailed written explanation of the basis for the dispute. In the event of a
billing dispute, Dominion shall continue to perform under this Agreement so long as (i) Customer continues to make all payments not in dispute, and (ii) Customer pays into an independent escrow account for the portion of the invoice in
dispute, pending resolution of the dispute; or as an alternative to escrow, Customer pays such amount directly to Dominion and Dominion shall return any portion thereof due Customer upon resolution of the dispute. If an escrow is established, it
shall be established by Customer under terms agreeable to Dominion, which agreement shall not be unreasonably withheld. Upon ultimate resolution of the dispute, the prevailing Party shall be entitled to receive the disputed amount, as finally
determined to be payable, along with interest accrued at the Interest Rate through the date on which payment is made, within fifteen (15) days of such resolution. 

  

	 	14.4.4	Payment of an invoice shall not relieve the paying Party from any responsibilities or obligations it has under this Agreement, nor shall such payment constitute a waiver of any
claims arising hereunder. 

  

	14.5	Cancellation of Project – Upon written notice, Customer may direct Dominion to discontinue work performed for Customer by Dominion pursuant to the terms of this
Agreement. In the event of such discontinuance: 

  

	 	14.5.1	Customer shall reimburse Dominion for all costs incurred by Dominion (including costs which Dominion has committed itself to incur) arising from Dominion’s implementation of
such Customer request. 

  

	 	14.5.2	Dominion shall to the extent possible, and with Customer’s authorization, cancel any pending orders of, or return, equipment or materials. To the extent Customer has already
paid Dominion for equipment and materials that is cancelled or returned pursuant to this section, Dominion shall promptly refund such amounts to Customer, less any cost, including penalties, incurred by Dominion to cancel any pending orders of, or
return, such equipment or materials. Dominion may, at its option, retain any portion of such equipment or materials, in which case Dominion shall be responsible for all costs associated 

  

 13 

 with their procurement. If Dominion elects not to retain any portion of such equipment or materials,
Dominion shall convey and deliver to Customer such equipment or materials as soon as practicable after Customer’s payment for such equipment or materials. 
  

	14.6	Audits – Within two years following a calendar year, during normal business hours, Customer and Dominion shall have the right to audit each other’s accounts and
records pertaining to transactions under this Agreement that occurred during such calendar year at the offices where such accounts and records are maintained; provided that the audit shall be limited to those portions of such accounts and records
that reasonably relate to the performance of the Parties pursuant to this Agreement for said calendar year. The Party being audited shall be entitled to review the audit report and any supporting materials. 

 ARTICLE 15 
 ADMINISTRATIVE COMMITTEE

  

	15.1	Membership – The Parties shall establish an Administrative Committee to administer this Agreement. Each Party shall name one member to the Administrative Committee (the
“Member”) and an alternate member (the “Alternate”). Each Party shall promptly notify the other of the name, title, mailing address, and telephone number(s) of the Member and the Alternate, and any changes thereto.

  

	15.2	Authority to Act – The Member and Alternate shall be authorized to act on behalf of the Party regarding all matters within the scope of this Agreement, including making
commitments on behalf of the Party consistent with the scope of this Agreement. 

  

	15.3	Responsibilities – The Administrative Committee shall coordinate and oversee the implementation and administration of this Agreement. Among its other duties, the
Administrative Committee shall maintain an up-to-date Delivery Point Catalog. 

  

	15.4	Meeting Schedule – Meetings of the Administrative Committee shall be held at the discretion of the Administrative Committee, but not less than annually unless both
Parties affirmatively agree a meeting is not needed. 

 ARTICLE 16 
 FORCE MAJEURE 
  

	16.1	Force Majeure – An event of Force Majeure means any act of God, labor disturbance, act of the public enemy, war (whether declared or undeclared), insurrection, riot,
terrorism, fire, storm or flood, explosion, breakage or accident to machinery or equipment, order, regulation or restriction imposed by a Governmental Authority, or any other cause beyond a Party’s control. A Force Majeure event does not
include an act of negligence or intentional wrongdoing. Neither Party shall be considered in default as to any obligation under this Agreement if prevented from fulfilling the obligation due to an event of Force Majeure. Economic hardship of either
Party shall not constitute Force Majeure under this Agreement, nor shall anything contained in this paragraph or elsewhere in this Agreement excuse Customer or Dominion from strict compliance with the obligation of the Parties to comply with the
terms of Article 14. 

  

	16.2	Response to Force Majeure Event – Each Party shall have the obligation to operate at all times using Due Diligence to overcome and remove any cause of failure to
perform. 

  

	16.3	Expedited Response – If a Party responding to a Force Majeure event has the ability to obtain, for additional expenditures, expedited material deliveries or labor
production which would allow a response to the event in a manner that is above and beyond Good Utility 

  

 14 

 Practice, and such a response could shorten the duration of the Force Majeure event, the Party responding
to the event may, at its discretion, present the other Party with the option of funding the expenditures for expediting material deliveries or labor production in an effort to reduce the duration of the event and economic hardship. Each such
opportunity shall be negotiated on a case-by-case basis by the Parties. 
 ARTICLE 17 
 LIABILITY 
  

	17.1	Responsibility of the Parties – Except to the extent of the other Party’s negligence or willful misconduct, each Party shall be responsible for all physical damage
to or destruction of the property, equipment and/or facilities owned by it and its Affiliates, regardless of who brings the claim and regardless of who caused the damage, and shall not seek recovery or reimbursement from the other Party for such
damage; but in any such case, Dominion and Customer shall exercise Due Diligence to remove the cause of any disability at the earliest practicable time. 

  

	17.2	Limitation of Liability – To the fullest extent permitted by law and notwithstanding other provisions of this Agreement, in no event shall a Party, its Affiliates, or
any of their respective officers, directors, employees, agents, successors or assigns be liable to the other Party, whether in contract, warranty, tort, negligence, strict liability, or otherwise, for special, indirect, incidental, multiple,
consequential (including, without limitation, replacement power costs, lost profits or revenues, and lost business opportunities), or punitive damages, related to or resulting from performance or nonperformance of this Agreement or any activity
associated with or arising out of this Agreement. 

 ARTICLE 18 
 INDEMNIFICATION 
  

	18.1	Customer’s Indemnity of Dominion – Subject to the provisions of Section 18.3, Customer shall indemnify, hold harmless and defend Dominion, its parent,
Affiliates, and successors, and their officers, directors, employees, shareholders, agents, contractors, subcontractors, invitees and successors, from and against any and all claims, demands, suits, obligations, payments, liabilities, costs, losses,
judgments, damages and expenses (including the costs and expenses of any and all actions, suits, proceedings, assessments, judgments, settlements, and compromises relating thereto, reasonable attorneys’ and expert fees and reasonable
disbursements in connection therewith) for damage to property, injury to or death of any person, including Dominion’s employees, Customer’s employees and their Affiliates’ employees, or any third parties, to the extent caused wholly
or in part by any negligent or intentional act or omission by Customer or its officers, directors, employees, agents, contractors, subcontractors and invitees arising out of or connected with Customer’s performance or breach of this Agreement,
or the exercise by Customer of its rights hereunder. 

  

	18.2	Dominion’s Indemnity of Customer – Subject to the provisions of Section 18.3, Dominion shall indemnify, hold harmless and defend Customer, its parent,
Affiliates, and successors, and their officers, directors, employees, shareholders, agents, contractors, subcontractors, invitees and successors, from and against any and all claims, demands, suits, obligations, payments, liabilities, costs, losses,
judgments, damages and expenses (including the costs and expenses of any and all actions, suits, proceedings, assessments, judgments, settlements, and compromises relating thereto reasonable attorneys’ and expert fees and reasonable
disbursements in connection therewith) for 

  

 15 

 damage to property, injury to or death of any person, including Customer’s employees,
Dominion’s employees and their Affiliates’ employees, or any third parties, to the extent caused wholly or in part by any negligent or intentional act or omission by Dominion or its officers, directors, employees, agents, contractors,
subcontractors and invitees arising out of or connected with Dominion’s performance or breach of this Agreement, or the exercise by Dominion of its rights hereunder. 
  

	18.3	Notice of Claim – Any Party seeking indemnification under this Agreement shall give the other Party notice of such claim promptly but in any event on or before the tenth
(10th) day after the Party’s actual knowledge of such claim or action. Such notice shall describe the
claim in reasonable detail, and shall indicate the amount (estimated if necessary) of the claim that has been, or may be sustained by, said Party. To the extent that the other Party will have been actually and materially prejudiced as a result of
the failure to provide such notice, such notice will be a condition precedent to any liability of the other Party under the provisions for indemnification contained in this Agreement. Neither Party may settle or compromise any claim for which
indemnification is sought under this Agreement without the prior consent of the other Party; provided, however, said consent shall not be unreasonably withheld or delayed. 

 ARTICLE 19 
 INSURANCE 
  

	19.1	Insurance Required – Each of the Parties agree to maintain, at its own cost and expense, liability, worker’s compensation, and other forms of insurance relating to
its Delivery Facilities in the manner, and amounts, and for the duration of the term of this Agreement, as the Parties may, from time-to-time, agree to amend. Each Party may require the other Party to maintain coverage for five years on all policies
written on a “claims made” basis. The Parties agree to maintain workers compensation insurance coverage and employers liability insurance in the amount of One Million Dollars (USD1,000,000) per accident and a commercial general liability
and if necessary, commercial umbrella or excess liability insurance coverage including contractual liability coverage, and personal injury coverage in the amount of Ten Million Dollars (USD10,000,000) per occurrence for bodily injury and property
damage. Either Party may initiate a review the foregoing insurance amounts not more frequently than once every five years. When such review is initiated, the Parties shall, by mutual agreement, which agreement shall not be unreasonably withheld,
determine any appropriate adjustments to the types and amounts of insurance. 

  

	19.2	Provisions or Endorsements – Every contract of insurance providing the coverage required in this Article shall include provisions or endorsements listed below. Upon a
Party’s receipt of any notice of cancellation or non-renewal, that Party shall immediately provide written notice thereof to the other Party. 

  

	 	19.2.1	A provision or endorsement that provides a waiver of subrogation in favor of the other Party and its Affiliates and their directors, officers, and employees.

  

	 	19.2.2	A provision or endorsement that such policies may not be canceled or nonrenewed without thirty (30) days’ prior written notice to each Party. 

  

	19.3	Certificates of Insurance – At least fifteen (15) days prior to the Effective Date and thereafter upon reasonable request, each Party shall provide to the other
Party, properly executed and current certificates of insurance with respect to all insurance policies required to be maintained by such Party under this Agreement. Certificates of insurance shall provide the following information:

  

	 	19.3.1	Name of insurance company, policy number and expiration date. 

  

 16 

	 	19.3.2	The coverage required and the limits on each, including the amount of deductibles or self-insured retentions, which shall be for the account of the Party maintaining such policy.

  

	 	19.3.3	A statement indicating that the other Party shall receive at least thirty (30) days’ prior written notice of cancellation or nonrenewal of a policy.

  

	 	19.3.4	A statement indicating that Dominion and its Affiliates have been named as additional insureds on the general liability and umbrella/excess liability policies.

  

	19.4	Inspection of Original Policy – Each Party shall have the right to inspect the original policies of insurance applicable to this Agreement at the other Party’s
place of business during regular business hours. 

  

	19.5	Self-Insurance – Notwithstanding the foregoing, each Party may self-insure to meet the minimum insurance requirements of Article 19 to the extent it maintains a
self-insurance program; provided that, such Party’s senior secured debt is rated at investment grade or better by Standard & Poor’s and that its self-insurance program meets the minimum insurance requirements of Article 19. For
any period of time that a Party’s senior secured debt is unrated by Standard & Poor’s or is rated at less than investment grade by Standard & Poor’s, such Party shall comply with the insurance requirements applicable
to it under Article 19. In the event and to the extent that a Party is permitted to self-insure pursuant to this article, it shall notify the other Party that it meets the requirements to self-insure and that its self-insurance program meets the
minimum insurance requirements in a manner consistent with that specified in Article 19. 

 ARTICLE 20 
 DISPUTE RESOLUTION 
  

	20.1	Submission – In the event either Party has a dispute, or asserts a claim, that arises out of or in connection with this Agreement or its performance, such Party (the
“disputing Party”) shall provide the other Party with written notice of the dispute or claim (“Notice of Dispute”). Such dispute or claim shall be referred to a designated senior representative of each Party for resolution on an
informal basis as promptly as practicable after receipt of the Notice of Dispute by the other Party. In the event the designated representatives are unable to resolve the claim or dispute through unassisted or assisted negotiations within thirty
(30) Calendar Days of the other Party’s receipt of the Notice of Dispute, such claim or dispute may, upon mutual agreement of the Parties, be submitted to arbitration and resolved in accordance with the arbitration procedures set forth
below. If a dispute or claim is submitted to arbitration, the arbitration can only be terminated upon mutual agreement of the Parties. In the event the Parties do not agree to submit such claim or dispute to arbitration, each Party may exercise
whatever rights and remedies it may have in equity or at law consistent with the terms of this Agreement. 

  

	20.2	Technical Issues Arbitrator – With respect to Disputes which the Parties mutually agree are exclusively technical in nature, the Parties may, if they mutually agree,
submit such Disputes to a technical issues arbitrator (“TIA”) for final and non-appealable resolution. The TIA, which shall be an individual or firm to be mutually agreed upon by both Parties, shall be an unbiased technical expert in
transmission and distribution system design and operational matters. 

  

	20.3	External Arbitration Procedures – Any arbitration initiated under this Agreement shall be conducted before a single neutral arbitrator appointed by the Parties. If the
Parties fail to agree upon a single arbitrator within ten (10) Calendar Days of the submission of the dispute to arbitration, each Party shall choose one arbitrator who shall sit on a three-member arbitration panel. The two arbitrators so
chosen shall within twenty (20) Calendar Days select a third arbitrator to chair the arbitration panel. In either case, the arbitrators 

  

 17 

 shall be knowledgeable in electric utility matters, including electric transmission and bulk power
issues, and shall not have any current or past substantial business or financial relationships with any party to the arbitration (except prior arbitration). The arbitrator(s) shall provide each of the Parties an opportunity to be heard and, except
as otherwise provided herein, shall conduct the arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association (“Arbitration Rules”) and any applicable FERC regulations or PJM rules; provided,
however, in the event of a conflict between the Arbitration Rules and the terms of this Article 20, the terms of this Article 20 shall prevail. 
  

	20.4	Arbitration Decisions – Unless otherwise agreed by the Parties, the arbitrator(s) shall render a decision within ninety (90) Calendar Days of appointment and shall
notify the Parties in writing of such decision and the reasons therefor. The arbitrator(s) shall be authorized only to interpret and apply the provisions of this Agreement and shall have no power to modify or change any provision of this Agreement
in any manner. The decision of the arbitrator(s) shall be final and binding upon the Parties, and judgment on the award may be entered in any court having jurisdiction. The decision of the arbitrator(s) may be appealed solely on the grounds that the
conduct of the arbitrator(s), or the decision itself, violated the standards set forth in the Federal Arbitration Act or the Administrative Dispute Resolution Act. The final decision of the arbitrator must also be filed with FERC if it affects
jurisdictional rates, terms and conditions of service under this Agreement. 

  

	20.5	Costs – Each Party shall be responsible for its own costs incurred during the arbitration process and for the following costs, if applicable: (1) the cost of the
arbitrator chosen by the Party to sit on the three member panel and one half of the cost of the third arbitrator chosen; or (2) one half the cost of the single arbitrator jointly chosen by the Parties. 

 ARTICLE 21 
 DEFAULT AND REMEDIES

  

	21.1	Breach and Default – A Party shall be considered in default of this Agreement (Default) if it fails to cure a Breach in accordance with the terms of this Article 21. A
breach (Breach) shall mean the failure of a Party to perform or observe any material term or condition of this Agreement. 

  

	21.2	General – No Default shall exist where such failure to discharge an obligation (other than the payment of money) is the result of Force Majeure as defined in this
Agreement or the result of an act of omission of the other Party. Upon a Breach, the non-breaching Party shall give written notice of such Breach to the breaching Party. Except as provided in Article 21.3, the breaching Party shall have thirty
(30) Calendar Days from receipt of the Default notice within which to cure such Breach; provided however, if such Breach is not capable of cure within thirty (30) Calendar Days, the breaching Party shall commence such cure within thirty
(30) Calendar Days after notice and continuously and diligently complete such cure within ninety (90) Calendar Days from receipt of the Default notice; and, if cured within such time, the Breach specified in such notice shall cease to
exist. 

  

	21.3	Right to Terminate – If a Breach is not cured as provided in this article, or if a Breach is not capable of being cured within the period provided for herein, the
non-breaching Party shall have the right to declare a Default and terminate this Agreement by written notice at any time until cure occurs, and be relieved of any further obligation hereunder and, whether or not that Party terminates this Agreement,
to recover from the breaching Party all amounts due hereunder, plus all other damages and remedies to which it is entitled at law or in equity. The provisions of this article will survive termination of this Agreement. 

  

 18 

 ARTICLE 22 
 ASSIGNMENT AND CHANGE IN CORPORATE IDENTITY 
 This Agreement may be assigned by either Party only
with the written consent of the other; provided that either Party may assign this Agreement without the consent of the other Party to any Affiliate of the assigning Party with an equal or greater credit rating and with the legal authority and
operational ability to satisfy the obligations of the assigning Party under this Agreement; and provided further that Customer shall have the right to assign this Agreement, without the consent of Dominion, for collateral security purposes to aid in
providing financing for the Customer’s Facilities, provided that Customer shall promptly notify Dominion of any such assignment. Any financing arrangement entered into by Customer pursuant to this article will provide that prior to or upon the
exercise of the secured party’s, trustee’s or mortgagee’s assignment rights pursuant to said arrangement, the secured creditor, the trustee or mortgagee shall notify Dominion of the date and particulars of any such exercise of
assignment right(s), including providing Dominion with proof that it meets the requirements of Section 14.2 and Article 19. Any attempted assignment that violates this article is void and ineffective. Any assignment under this Agreement shall
not relieve a Party of its obligations, nor shall a Party’s obligations be enlarged, in whole or in part, by reason thereof. Where required, consent to assignment shall not be unreasonably withheld, conditioned or delayed. 
 ARTICLE 23 
 REPRESENTATIONS AND
WARRANTIES 
 Each Party makes the following representations, warranties and covenants: 
  

	23.1	Good Standing – Such Party is duly organized, validly existing and in good standing under the laws of the state in which it is organized, formed, or incorporated, as
applicable; that it is qualified to do business in the state or states in which the Delivery Facilities owned by such Party, as applicable, are located; and that it has the corporate power and authority to own its properties, to carry on its
business as now being conducted and to enter into this Agreement and carry out the transactions contemplated hereby and perform and carry out all covenants and obligations on its part to be performed under and pursuant to this Agreement.

  

	23.2	Authority – Such Party has the right, power and authority to enter into this Agreement, to become a party hereto and to perform its obligations hereunder. This Agreement
is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws
affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law). 

  

	23.3	No Conflict – The execution, delivery and performance of this Agreement does not violate or conflict with the organizational or formation documents, or bylaws or
operating agreement, of such Party, or any judgment, license, permit, order, material agreement or instrument applicable to or binding upon such Party or any of its assets. 

  

	23.4	Consent and Approval – Such Party has sought or obtained, or, in accordance with this Agreement shall seek or obtain, each consent, approval, authorization, order, or
acceptance by any Governmental Authority in connection with the execution, delivery and performance of this Agreement, and it shall provide to any Governmental Authority notice of any actions under this Agreement that are required by Applicable Laws
and Regulations. 

  

 19 

 ARTICLE 24 
 CONFIDENTIALITY 
  

	24.1	Designation of Confidential Information – Each Party may designate any information relating to its Delivery Facilities provided by that Party to the other Party, whether
in writing or orally, as Confidential Information. Notwithstanding the foregoing sentences, Confidential Information shall not include information that the receiving Party can demonstrate is consistent with one of the following classifications:

  

	 	24.1.1	The information is generally available to the public other than as a result of a disclosure by the receiving Party. 

  

	 	24.1.2	The information was in the lawful possession of the receiving Party on a non-confidential basis before receiving it from the disclosing Party. 

  

	 	24.1.3	The information was supplied to the receiving Party without restriction by a third party, who, to the knowledge of the receiving Party, after due inquiry, was under no
obligation to the other Party to keep such information confidential. 

  

	 	24.1.4	The information was independently developed by the receiving Party without reference to Confidential Information of the disclosing Party. 

  

	 	24.1.5	The information is, or becomes, publicly known, through no wrongful act or omission of the receiving Party or breach of this Agreement. 

  

	 	24.1.6	The information is required, in accordance with other provisions of this Article, to be disclosed to any Governmental Authority or is otherwise required to be disclosed by
Applicable Laws and Regulations, or subpoena, or is necessary in any legal proceeding establishing rights and obligations under this Agreement, so long as such information is made available to the public. 

  

	 	24.1.7	The Party that designated the information as confidential notified the receiving Party that the information is no longer confidential. 

  

	24.2	Maintain Confidentiality – A Party receiving Confidential Information shall keep it confidential and shall use such information solely for the purpose for which it was
provided and for no other purpose. A Party holding Confidential Information from the other may make such information available to a third party via appropriate means only to the extent required by law, regulation, or PJM Requirement. A Party
disclosing Confidential Information shall provide the other Party with as much notice as reasonably possible before making such information public. 

  

	24.3	Reclaiming Confidential Information – The Party receiving Confidential Information shall, within ten (10) days of receipt of a written notice of request from the
Party that provided the Confidential Information, use reasonable efforts to destroy, erase, or delete (with such destruction, erasure and deletion certified in writing to the requesting Party) or return, without retaining copies thereof, any and all
written or electronic Confidential Information received from the other, subject to applicable regulatory requirements regarding retention of documents; however, such request to destroy, erase, delete, or return Confidential Information shall not be
unreasonable with respect to the receiving Party’s legitimate need to use the Confidential Information. 

  

	24.4	Requests by FERC – Notwithstanding anything in this Article to the contrary, if the FERC or its staff, during the course of an investigation or otherwise, requests
information from one of the Parties that is otherwise required to be maintained in confidence pursuant to this Agreement, the Party shall provide the requested information to the FERC or its staff, within the time provided for in the request for
information. In providing the information to the FERC or its staff, the Party may, consistent with 18 C.F.R. § 388.112, request that the information be treated as confidential and non-public by the FERC and its Staff and that the information be
withheld from public disclosure. The Party shall notify the other party to the Agreement when it is notified by the FERC or its staff, that a request for disclosure of, or decision to disclose, Confidential Information has been received, at which
time either of the Parties may respond before such information would be made public pursuant to 18 C.F.R. § 388.112. 

  

 20 

 ARTICLE 25 
 SUBCONTRACTORS 
  

	25.1	Use of Subcontractors – Nothing in this Agreement shall prevent the Parties from utilizing the services of subcontractors as they deem appropriate; provided, however,
the Parties agree that, where applicable, all said subcontractors shall comply with the terms and conditions of this Agreement. 

  

	25.2	Hiring Party Maintains Obligations – The creation of any subcontract relationship shall not relieve the hiring Party of any of its obligations under this Agreement. Each
Party shall be fully responsible to the other Party for the acts or omissions of any subcontractor it hires as if no subcontract had been made. Any obligation imposed by this Agreement upon the Parties, where applicable, shall be equally binding
upon and shall be construed as having application to any subcontractor. 

  

	25.3	Parties Responsibilities to Each Other – The Parties shall each be liable for, indemnify, and hold harmless the other Party, its Affiliates and their officers,
directors, employees, agents, servants and assigns from and against any and all claims, demands, or actions from the first-mentioned Party’s subcontractors, and shall pay all costs, expenses and legal fees associated therewith and all
judgments, decrees and awards rendered therein. 

  

	25.4	No Third-Party Beneficiary – No subcontractor is intended to be or shall be deemed a third-party beneficiary of this Agreement. 

  

	25.5	Responsibility of Customer’s Contractors – To the extent of the responsibility and liability Customer has agreed to assume in Article 17, and to the fullest extent
permitted by law, Customer shall require its subcontractors to indemnify and hold harmless and defend Dominion, its parent and Affiliates and their respective officers, directors, employees, agents and assigns from and against any and all claims
and/or liability for damage to property, injury to or death of any person, including Dominion’s employees, Customer’s employees and their respective Affiliates’ employees, or any other liability incurred by Dominion or its parent or
Affiliates including all expenses, legal or otherwise, to the extent caused by any act or omission, negligent or otherwise, by said subcontractor and/or its officers, directors, employees, agents and assigns arising out of or connected with the
operation of Dominion and its Affiliates’ or Customer’s and its Affiliates’ facilities, equipment and property described in this Agreement, regardless of whether caused in part by a Party indemnified hereunder.

  

	25.6	Responsibility of Dominion’s Contractors – To the extent of the responsibility and liability Dominion has agreed to assume in Article 17, and to the fullest extent
permitted by law, Dominion shall require its subcontractors to indemnify and hold harmless and defend Customer, its parent and Affiliates and their respective officers, directors, employees, agents and assigns from and against any and all claims
and/or liability for damage to property, injury to or death of any person, including Dominion’s employees, Customer’s employees and their respective Affiliates’ employees, or any other liability incurred by Customer or its parent or
Affiliates including all expenses, legal or otherwise, to the extent caused by any act or omission, negligent or otherwise, by said subcontractor and/or its officers, directors, employees, agents and assigns arising out of or connected with the
operation of Dominion’s and its Affiliates’ or Customer’s and its Affiliates’ facilities, equipment and property described in this Agreement, regardless of whether caused in part by a Party indemnified hereunder.

  

	25.7	Contractor’s Insurance Limits – The obligations under this Article shall not be limited in any way by any limitation on subcontractor’s insurance.

  

 21 

	25.8	Insurance Required by Law – All subcontractors shall comply with all federal and state laws regarding insurance requirements and shall maintain standard and ordinary
insurance coverages. 

 ARTICLE 26 
 AGREEMENT CONSTRUCTION 
  

	26.1	Entire Agreement – This Agreement shall constitute the entire agreement between the Parties relating to the subject matter hereof, and all previous agreements,
discussions, communications, and correspondence with respect to the subject matter hereof not set forth in this Agreement are of no force and effect. 

  

	26.2	Severability – In the event that any clause or provision of this Agreement or any part hereof shall be held to be invalid, void, or unenforceable by any court or
Governmental Authority of competent jurisdiction, said holding or action shall be strictly construed and shall not affect the validity or effect of any other provision hereof, and the Parties shall endeavor in good faith to replace such invalid or
unenforceable provisions with a valid and enforceable provision which achieves the purposes intended by the Parties to the greatest extent permitted by law. 

  

	26.3	Forms of Words – All words and phrases defined in Article 1 shall include their masculine, feminine, neuter, possessive, singular, and plural forms.

  

	26.4	Headings Not to Affect Meaning – The Article and section headings herein are inserted for convenience only and are not to be construed as part of the terms hereof or
used in the interpretation of this Agreement. 

  

	26.5	Burden of Proof – In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties and no
presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of authorship of any of the provisions of this Agreement. Any reference to any federal, state, local, or foreign statute or law shall be deemed also to refer to
all rules and regulations promulgated thereunder, unless the context requires otherwise. 

  

	26.6	Counterparts – This Agreement may be executed in one or more counterparts, each of which shall be deemed an original. 

 ARTICLE 27 
 MISCELLANEOUS PROVISIONS

  

	27.1	Safety and Environmental Requirements – Each Party shall comply, and require its employees, subcontractors, and agents to comply, with all safety and environmental
requirements of federal, state, and local laws, rules, regulations, and ordinances, along with accepted industry safety practices. 

  

	27.2	Applicable Law – This Agreement is made subject to present and future state and federal laws, regulations, or orders properly issued by any Governmental Authority having
jurisdiction. This Agreement shall be interpreted pursuant to the laws of the Commonwealth of Virginia, the Federal Power Act, and any Governmental Authority having jurisdiction over the particular matter. 

  

	27.3	Several Obligations – Except where specifically stated in this Agreement to be otherwise, the duties, obligations and liabilities of the Parties are intended to be
several and not joint or collective. Nothing contained in this Agreement shall ever be construed to create an association, trust, partnership, or joint venture or to impose a trust or partnership duty, obligation or liability or agency relationship
on or with regard to either Party. Each Party shall be individually and severally liable for its own obligations under this Agreement. 

  

 22 

	27.4	No Waiver of Rights – No failure or delay on the part of Dominion or Customer in exercising any of its rights under this Agreement, no partial exercise by either Party
of any of its rights under this Agreement, and no course of dealing between the Parties shall constitute a waiver of the rights of either Party under this Agreement. Any waiver shall be effective only by a written instrument signed by the Party
granting such waiver, and such shall not operate as a waiver of, or continuing waiver with respect to any subsequent failure to comply therewith. 

  

	27.5	No Rights to Others – Nothing in this Agreement, express or implied, is intended to confer on any other person except the Parties any rights, interests, obligations or
remedies hereunder. 

  

	27.6	Supporting Documents – The Parties agree to execute and deliver promptly, at the expense of the Party requesting such action, any and all other and further instruments,
documents and information which may be reasonably requested in order to effectuate the transactions contemplated hereby. The Parties agree to cooperate and assist each other in acquiring any regulatory approval necessary to effectuate this
Agreement. 

  

	27.7	Parties Are Independent Contractors – Each Party shall act as an independent contractor with respect to its performance under this Agreement. 

 

	27.8	Computation of Time – In computing any period of time prescribed in terms of the number of days, the day following the day upon which the act or event occurred shall be
counted as the first day when determining the number of days elapsed. If the last day of the period so computed falls on a day that is not a normal business day for Dominion, the period shall run until Dominion’s close of business on the next
day that is a normal business day for Dominion. 

  

	27.9	Notices – Except as may be otherwise described in this Agreement, notices from one Party to the other shall be sent to the Administrative Committee Member, with a copy
to the Alternate, at the last addresses communicated pursuant to Article 15. Notice shall be sent via United States Mail with a return receipt, or if time is of the essence, by overnight delivery utilizing a courier service generally recognized in
the industry for a high standard of service, and shall be deemed given on the date of acceptance or refusal of acceptance on the receipt. 

  

	27.10	Additional Provisions – Any additional terms and conditions as may be set forth in Appendix C shall be incorporated into, and made a part of, this Agreement.

  

 23 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their respective authorized
officials. 
  

			
	Virginia Electric and Power Company
		
	By:	 	 /s/ John D. Smatlak

	Printed Name:	 	John D. Smatlak
	Title:	 	Managing Director – Electric Transmission
	Date:	 	05-18-05
	
	Old Dominion Electric Cooperative
		
	By:	 	 /s/ Greg White

	Printed Name:	 	Greg White
	Title:	 	Senior Vice-President of Power Supply
	Date:	 	05-12-2005

  

 24 

 APPENDIX A 
 REQUEST/NOTIFICATION FOR 
 CHANGES IMPACTING DOMINION’S FACILITIES 
 Customer shall initiate requests to install, modify, or remove Dominion Facilities, or to modify the capacity or characteristics required at a Delivery Point, or to
discontinue the delivery of electricity to a Delivery Point, in writing using the Request/Notification for Changes Impacting Dominion Facilities form included in this Appendix A (the “Request Form”). Customer shall also submit a
Request Form when making changes to Customer’s Facilities that are reasonably anticipated to (i) lead to a modification to Dominion’s Facilities or (ii) impact the operation of Dominion’s Facilities. 
 The Request Form shall be submitted by Customer as soon as useful information is available. As additional or updated information becomes available, Customer shall make
timely submission of a revised Request Form. For Request Forms submitted with notations of “(E)” or “TBD by [date]” as described below, the Parties shall determine a schedule for the provision of complete and final
information. 
  

	1.	Customer shall, in accordance with the following requirements, provide, on a timely basis, information that is complete and accurate. On every Request Form submitted, each blank
(including items such as “Additional Comments” and “Other Milestones”) shall contain one of the following entries: 

  

	 	1.1.	The firm (e.g., final) information. 

  

	 	1.2.	If no information is appropriate for a given item, the entry “N/A.” 

  

	 	1.3.	An entry as further described below: 

  

	 	1.3.1.	In Sections II, III, and IV, an entry initially marked as “(E).” Such entries shall be revised with firm information as soon as it is available. If the “Requested
Date to Energize” in Section IV is initially marked as (E), then the firm date ultimately supplied for “Requested Date to Energize” shall be on or after the estimated date unless an earlier firm date for “Requested Date to
Energize” is mutually agreed-upon prior to submission of a revised request form. 

  

	 	1.3.2.	In Section III, an entry may be “TBD by [date].” Additionally, each of the Required Attachments of Section III shall be provided, or shall be substituted by a page
bearing the attachment description and the date by which the attachment shall be provided. 

  

	2.	Upon receiving a request, Dominion shall evaluate such request within its ordinary course of business and consistent with the PJM Requirements. The evaluation may include the
investigation of alternate solutions to accommodating Customer’s needs. Customer to reasonably assist Dominion’s evaluation, including, without limitation, the provision of additional information and participation in a cooperative review
and exploration of the request and its alternatives. Dominion shall not be required to complete such evaluation until a reasonable time after the Customer has supplied all information as firm information. 

  

 25 

	3.	Upon concluding its evaluation, Dominion shall provide a written response approving the request, approving the request with modifications, or denying the request. Any modification
or denial shall not be unreasonable and shall be accompanied by the reasoning for such determination. In the event of approval or modified approval, the response shall describe, consistent with the Agreement, any required construction or
modifications by the Parties, any estimated Project costs, cost responsibilities between the Parties, and other actions the Parties must take to implement the request in its approved form. 

  

	4.	Nothing in this Appendix shall be construed as modifying the provisions of Section 6.6 of the Agreement of which this Appendix is a part. 

  

	5.	Requests shall be made using the form shown below (the “Request Form”) or an electronic version thereof as may be provided by Dominion. 

  

 26 

 REQUEST/NOTIFICATION FOR 
 CHANGES IMPACTING DOMINION FACILITIES 
  

					
	SECTION I – GENERAL	  	Date:      /      / 20    	  	Revision No.:         

  

					
	Requestor Name:	  	  
		
	Requestor Address:	  	  
		
		  	  
		
	Name of Contact Person:	  	  

  

							
	Contact’s Phone:	  	  	  	Contact’s Cell:    	  	  
				
	Contact’s Fax:	  	  	  	Contact’s Email:    	  	  

 Signature below authorizes Dominion to proceed with design, engineering, and estimation of Project cost as
appropriate for Dominion to evaluate and respond to this request. This authorization is pursuant and subject to all terms and conditions of the Agreement of which this Appendix is a part. 
  

									
	Authorizing Signature:	  	  	  		  	Auth. Date:    	  	  
					
	Printed Name:	  	  	  		  	Phone:    	  	  
					
	Title:	  	  	  		  		  	

 SECTION II – DESCRIPTION OF REQUEST 
  

			
	Name of Delivery Point:	 	  
	Brief Description of Request:	 	  
	(attach detail)	 	  
		 	  
		 	  
	Brief Reasoning for Request:	 	  
	(attach detail)	 	  
		 	  
		 	  
	Delivery Point Location:	 	  
	(attach detail if DP is new)	 	  
		 	  
	Noteworthy Load Characteristics:	 	  
	 (large motors, large fluctuating
 loads, large harmonic-producing
 loads, etc.)
	 	  
	 	  
	 	  

  

 27 

 PRESENT DELIVERY POINT DATA: 
  

			
	Present Delivery Point Voltage:	  	  

			
		
	Present Maximum kVA Capacity of Delivery Point Facilities:	  	  

  

									
	Present Summer Peak kW Demand:	 	  	 		  	Present Summer Peak kVAR Demand:    	  	  
	Present Winter Peak kW Demand:	 	  	 		  	Present Winter Peak kVAR Demand:    	  	  

 ANTICIPATED NEW DELIVERY POINT FACILITIES DATA: 
  

			
	New Delivery Point Voltage:	  	  

			
	New Peak kVA Capacity of Delivery Point Facilities:	  	  

  
 Peak kW and rkVA During First Three Years
Following Implementation and Highest Peak Within Ten Years: 
  

															
	 	 	Initial Year:	 	 	 	Second Year:	 	 	 	Third Year:	 	 	  	 Highest in First
 Ten Years:

	            Enter Year è    	 	  	 		 	  	 		 	  	 		  	  
	Summer Peak kW:	 	  	 		 	  	 		 	  	 		  	  
	Summer Peak rkVA:	 	  	 		 	  	 		 	  	 		  	  
	Winter Peak kW:	 	  	 		 	  	 		 	  	 		  	  
	Winter Peak rkVA:	 	  	 		 	  	 		 	  	 		  	  

  

			
	Delivery Point Facilities Route:	  	  
	(attach detail if new line extension is	  	  
	involved)	  	  
		
	Additional Comments:	  	  

	
	  
	  
	  
	  
	  
	  
	  
	  
	  
	  
	  
	  
	  
	  
	  

  

 28 

 SECTION III – CUSTOMER’S EQUIPMENT 
  

							
	Transformer Primary Voltage:	 	______________________	  	Transformer Secondary Voltage:    	  	  
				
	Transformer Nameplate Capacity:	 	__________________________________________	  	Temperature Rise:    	  	  

  

			
	Transformer Taps:	  	  
		
	Connection (e.g. Wye-Wye):	  	  
		
	Transformer Impedance:	  	  
		
	Isolation Device Type and Rating:	  	  
		
	Protection Device Type and Rating:	  	  

  

			
	Required Attachments:	  	[1] One-line diagram [2] Transformer test report [3] Transformer loss curve [4] Operating procedures description [5] Protection scheme functional diagram [6] Protection Device information
(including device types, serial and model numbers, relay settings, etc.)

 SECTION IV – TIMING 
 Request included in Customer’s planning documents submitted to Dominion on: 
  

			
	Most Recent
Submission:                                      
          	  	Second Most Recent Submission:                               
                         

  

			
	Expected Date Customer’s Construction to Commence:	  	  
	Expected Completion Date of Customer Work:	  	  
	Date Requested for Dominion Construction to Commence:	  	  

  

			
	Requested Completion Date of Dominion Work (De-energized):	  	  
	Requested Date to Energize: (See Note)	  	  

			
	Other Milestones:    	  	  
	  
	  

 NOTE: If the “Requested Date to Energize” is marked as (E), then the firm date ultimately supplied must
be on or after the estimated date, unless an earlier firm date is mutually agreed-upon prior to submission of the revised request form. 
 (E) = Estimated 
 N/A = Not Available 
 TBD = To Be Determined 
  

 29 

 APPENDIX B 
 EXCESS FACILITIES 
  

	1.	APPLICABILITY 

 Upon request of Customer, Dominion may
provide, in accordance with this Appendix B, Dominion Facilities that are in excess to those typically specified by Dominion to meet its normal service obligations under the Agreement to which this Appendix is a part. Dominion shall not be
required to install, own, operate, or maintain any excess Dominion Facilities that Dominion, considers contrary to Good Utility Practice. In addition to the terms and conditions contained in the Agreement, the provisions of this Appendix apply to
excess Delivery Facilities installed by Dominion. 
  

	2.	DEFINITIONS 

 In addition to the words and phrases defined
in the Agreement under Article 1, the following definitions shall apply to this Appendix. Such definitions are to be equally applicable to both the singular and the plural forms of the terms defined, and to the possessive and non-possessive forms.

  

	 	2.1.	Distribution and Substation Facilities – shall mean those Dominion Facilities booked by Dominion to FERC Accounts 360 through 373. 

  

	 	2.2.	New Installed Cost – shall mean the present-day cost, pursuant to Section 14.1 of the Agreement, to install the subject facilities. 

  

	 	2.3.	Transmission Facilities – shall mean those Dominion Facilities booked by Dominion to FERC Accounts 350 through 359. 

  

	3.	RATE 

  

	 	3.1.	The following charges apply to excess Dominion Facilities where Customer made no advance payment of the installed cost of the excess Dominion Facilities. This provision is closed to
new installations made on and after May 1, 2005. 

  

	 	3.1.1.	Distribution and Substation Facilities 

 Customer shall
pay a continuing monthly facilities charge equal to 1.73% of the estimated New Installed Cost of all excess Distribution and Substation Facilities provided by Dominion. 
  

	 	3.1.2.	Transmission Facilities 

 Customer shall pay a continuing
monthly facilities charge equal to 1.44% of the estimated New Installed Cost of all excess Transmission Facilities provided by Dominion. 
  

 30 

	 	3.2.	The following charges apply to excess Dominion Facilities where Customer makes an advance payment of the installed cost of the excess Dominion Facilities. 

 

	 	3.2.1.	Distribution and Substation Facilities 

 Customer shall
pay to Dominion [a] a one-time facilities charge equal to the estimated New Installed Cost of all excess Distribution and Substation Facilities provided by Dominion plus [b] a continuing monthly facilities charge equal to 0.57% of the estimated New
Installed Cost of all excess Distribution and Substation Facilities provided by Dominion. 
  

	 	3.2.2.	Transmission Facilities 

 Customer shall pay to Dominion
[a] a one-time facilities charge equal to the estimated New Installed Cost of all excess Transmission Facilities provided by Dominion, plus [b] a continuing monthly facilities charge equal to 0.47% of the estimated New Installed Cost of all excess
Transmission Facilities provided by Dominion. 
  

	4.	TERMS AND CONDITIONS 

  

	 	4.1.	Dominion may change Dominion’s Facilities at its convenience so long as the utility derived by Customer from such facilities is equivalent or superior, and the charge to
Customer is unaffected. Customer will be notified of such change, as reasonable under the circumstances, prior to its implementation. 

  

	 	4.2.	In addition to the charges pursuant to Section 3, any rearrangement costs as may be incurred by Dominion in preparing existing Dominion Facilities to accommodate excess
Dominion Facilities shall be charged to Customer as a one-time charge. Such rearrangement costs shall not be included in the New Installed Cost. 

  

	 	4.3.	For changes to excess Dominion Facilities (including removal or abandonment) due to the request of Customer, due to the expiration or revocation of a permit for land use, due to
other loss of land rights, or due to actions of a Governmental Authority, the following provisions shall apply: 

  

	 	4.3.1.	For excess Dominion Facilities removed, the New Installed Cost used to calculate the monthly facilities charge pursuant to Section 3 of this Appendix shall be reduced by the
original installed cost of the excess Dominion Facilities. If the original installed cost cannot be determined from actual records, the original installed cost shall be estimated by applying the Handy-Whitman Index to the New Installed Cost.

  

	 	4.3.2.	For excess Dominion Facilities added, the Customer charges pursuant to Section 3 of this Appendix shall be applied to the estimated New Installed Cost of such added excess
Dominion Facilities. 

  

	 	4.3.3.	Customer shall pay Dominion’s Project cost, which shall be net of scrap and salvage, for performing all installation, rearrangement, abandonment, and removal work; however, the
Customer charge determined pursuant to this provision shall not include any amounts paid by Customer pursuant to Section 4.3.2 and the total charge pursuant to this Section 4.3.3 shall not be less than zero. 

  

 31 

	 	4.3.4.	For excess Dominion Facilities removed or abandoned, Customer shall pay the depreciated New Installed Cost of such excess Dominion Facilities; however, if Customer has previously
paid the New Installed Cost pursuant to Section 3 of this Appendix, this charge shall not apply. 

  

	 	4.3.5.	For Dominion Facilities shared with other customers, Customer’s charges under this Section 4.3 shall be calculated based on that portion of the Dominion Facilities which
are charged to Customer under this Appendix as excess Dominion Facilities. 

  

	 	4.4.	In no case shall Dominion be required to install, own, or operate Dominion Facilities that are inconsistent with Dominion’s construction, engineering, and safety standards.

  

 32 

 APPENDIX C 
 ADDITIONAL PROVISIONS 
 The following charges for Excess Facilities shall be charged
to Customer pursuant to Appendix B: 
  

									
	 Delivery Point
	  	Type of Excess
Facilities	  	Monthly Rate	 	 	Monthly Charge
	 B-A-R-C Electric Cooperative

	 Bustleburg
	  	Data pulse	  	1.73	%	 	$	14.86
	 Callaghan
	  	Data pulse	  	1.73	%	 	$	14.86
	 Cornwall
	  	Data pulse	  	1.73	%	 	$	14.86
	 Effinger
	  	Data pulse	  	1.44	%	 	$	9.87
	 Fairfield
	  	Data pulse	  	1.73	%	 	$	11.89
	 Fordwick
	  	Data pulse	  	1.73	%	 	$	14.86
	 Goshen
	  	Data pulse	  	1.73	%	 	$	14.86
	 Lexington
	  	Data pulse	  	1.73	%	 	$	14.86
				
	 Mecklenburg Electric Cooperative
	  		  			 		
	 Barnes Junction
 (aka DC Jackson)
	  	Data pulse	  	1.44	%	 	$	14.60
	 Beechwood
	  	Data pulse	  	1.44	%	 	$	11.56
	 Belfield
	  	Data pulse	  	1.44	%	 	$	12.37
	 Black Branch
	  	Data pulse	  	1.44	%	 	$	14.60
	 Boydton
	  	Data pulse	  	1.44	%	 	$	11.56
	 Brinks
	  	Data pulse	  	1.44	%	 	$	11.56
	 Clarksville
	  	Data pulse	  	1.44	%	 	$	11.56
	 Climax
	  	Data pulse	  	1.44	%	 	$	13.33
	 Crystal Hill 2
	  	Data pulse	  	1.44	%	 	$	12.37
	 Emporia
	  	Data pulse	  	1.44	%	 	$	11.56
	 Freeman
	  	Data pulse	  	1.44	%	 	$	11.56
	 Gasburg
	  	Data pulse	  	1.44	%	 	$	16.72
	 Gretna
	  	Data pulse	  	1.44	%	 	$	13.33
	 Grit
	  	Data pulse	  	1.44	%	 	$	13.33
	 Hickory Grove
	  	Data pulse	  	1.44	%	 	$	16.72
	 Huber
	  	Data pulse	  	1.44	%	 	$	9.89
	 Jones Store
	  	Data pulse	  	1.44	%	 	$	14.60
	 Kerr
	  	Data pulse	  	1.44	%	 	$	16.72
	 Mt. Airy
	  	Data pulse	  	1.44	%	 	$	13.33
	 Northview
	  	Data pulse	  	1.44	%	 	$	11.56
	 Omega
	  	Data pulse	  	1.44	%	 	$	11.56
	 Shockoe
	  	Data pulse	  	1.44	%	 	$	13.33

  

 33 

									
	 Delivery Point
	  	Type of Excess
Facilities	  	Monthly Rate	 	 	Monthly Charge
	 Northern Neck Electric Cooperative

	 Garner
	  	Data pulse	  	1.44	%	 	$	16.72
	 Oak Grove
	  	Data pulse	  	1.73	%	 	$	17.73
	 Office Hall
	  	Data pulse	  	1.73	%	 	$	14.86
	 Passapatanzy (aka Lee)
	  	Data pulse	  	1.73	%	 	$	14.86
	 Sanders
	  	Data pulse	  	1.73	%	 	$	20.08
				
	 Northern Virginia Electric Cooperative
	  		  			 		
	 Arcola
	  	Data pulse	  	1.44	%	 	$	11.33
	 Bethel
	  	Data pulse	  	1.44	%	 	$	9.92
	 Cardinal
	  	Totalized Metering	  	1.44	%	 	$	61.19
	 Catharpin
	  	Data pulse	  	1.44	%	 	$	9.92
	 Country Club
	  	Data pulse	  	1.44	%	 	$	8.38
	 Club Run 2
	  	Totalized Metering	  	1.44	%	 	$	26.57
	 Godwin 1
	  	Alternate Circuits	  	1.44	%	 	$	370.31
	 Herndon
	  	Data pulse	  	1.73	%	 	$	11.89
	 Hillsboro
	  	Totalized Metering
and Data Pulses	  	1.73	%	 	$	1,079.54
	 Independent Hill
	  	Data pulse	  	1.44	%	 	$	9.92
	 Johnson 3
	  	Data pulse	  	1.44	%	 	$	35.41
	 Lindendale
	  	Totalized Metering	  	1.44	%	 	$	61.19
	 Middleton
	  	Data pulse	  	1.73	%	 	$	11.92
	 Minnieville 1
	  	Data pulse	  	1.44	%	 	$	9.92
	 Moore
	  	Data pulse	  	1.73	%	 	$	10.06
	 Smoketown
	  	Totalized Metering	  	1.44	%	 	$	61.19
	 Sowego 2
	  	Data pulse	  	1.73	%	 	$	11.92
	 Wellington
	  	Data pulse	  	1.44	%	 	$	8.38
				
	 Prince George Electric Cooperative
	  		  			 		
	 Bakers Pond
	  	Data pulse	  	1.73	%	 	$	16.02
	 Garysville
	  	Data pulse	  	1.73	%	 	$	16.02
	 Prince George
	  	Data pulse	  	1.73	%	 	$	16.02
	 Wakefield
	  	Data pulse	  	1.73	%	 	$	16.02
	 Waverly 2
	  	Data pulse	  	1.44	%	 	$	9.87
				
	 Rappahannock Electric Cooperative
	  		  			 		
	 Bear Island
	  	Data Pulse	  	1.44	%	 	$	10.97
	 Brandy
	  	Data pulse	  	1.44	%	 	$	11.65
	 Clancie
	  	Data pulse	  	1.73	%	 	$	15.63
	 Culpeper No. 1
	  	Data pulse	  	1.73	%	 	$	10.24
	 Decapolis
	  	Data pulse	  	1.73	%	 	$	10.24
	 Goldmine
	  	Data pulse	  	1.73	%	 	$	10.42
	 Greenwood
	  	Data pulse	  	1.44	%	 	$	8.67
	 Kings Dominion
	  	Data pulse	  	1.44	%	 	$	8.67
	 Locust Grove
	  	Data pulse	  	1.73	%	 	$	18.32
	 Mitchell
	  	Data pulse	  	1.44	%	 	$	9.89

  

 34 

									
	 Delivery Point
	  	Type of Excess
Facilities	  	Monthly Rate	 	 	Monthly Charge
	 North Doswell
	  	Data pulse	  	1.44	%	 	$	13.33
	 Oak Shade
	  	Data pulse	  	1.73	%	 	$	10.42
	 Paytes
	  	Data pulse	  	1.73	%	 	$	10.42
	 Proffit
	  	Data pulse	  	1.44	%	 	$	9.66
	 Slabtown
	  	Data pulse	  	1.44	%	 	$	8.67
	 Unionville
	  	Data pulse	  	1.73	%	 	$	10.42
	 Warrenton
	  	Data pulse	  	1.73	%	 	$	10.42
	 Wilderness
	  	Data pulse	  	1.73	%	 	$	9.66
				
	 Shenandoah Valley Electric Cooperative
	  		  			 		
	 Barterbrook
	  	Data pulse	  	1.44	%	 	$	9.89
	 Brands
	  	Data pulse	  	1.44	%	 	$	7.19
	 Cold Springs
	  	Data pulse	  	1.73	%	 	$	10.42
	 Columbia Furnace
	  	Data pulse	  	1.73	%	 	$	10.42
	 Crimora
	  	Data pulse	  	1.73	%	 	$	10.42
	 Dayton
	  	Data pulse	  	1.44	%	 	$	5.95
	 Gardner Springs
	  	Data pulse	  	1.73	%	 	$	10.42
	 Mt. Jackson
	  	Data pulse	  	1.73	%	 	$	8.64
	 North River
	  	Data pulse	  	1.44	%	 	$	7.19
	 Timberville
	  	Data pulse	  	1.44	%	 	$	7.19
	 Trimbles Mill
	  	Data pulse	  	1.44	%	 	$	7.19
	 Woodstock
	  	Data pulse	  	1.73	%	 	$	10.42
				
	 Southside Electric Cooperative
	  		  			 		
	 Altavista
	  	Data pulse	  	1.73	%	 	$	13.89
	 Amelia
	  	Data pulse	  	1.73	%	 	$	13.89
	 Center Star
	  	Data pulse	  	1.73	%	 	$	16.02
	 Cherry Hill
	  	Data pulse	  	1.73	%	 	$	16.02
	 Danieltown
	  	Data pulse	  	1.44	%	 	$	11.56
	 Drakes Branch
	  	Data pulse	  	1.73	%	 	$	13.89
	 Evergreen
	  	Data pulse	  	1.73	%	 	$	13.89
	 Fort Pickett
	  	Data pulse	  	1.44	%	 	$	11.56
	 Gary
	  	Data pulse	  	1.44	%	 	$	11.56
	 Gladys
	  	Data pulse	  	1.44	%	 	$	11.56
	 Hooper
	  	Data pulse	  	1.44	%	 	$	11.56
	 Madisonville
	  	Data pulse	  	1.73	%	 	$	13.89
	 Martins
	  	Data pulse	  	1.44	%	 	$	11.56
	 Moran
	  	Data pulse	  	1.44	%	 	$	11.56
	 Nutbush
	  	Data pulse	  	1.44	%	 	$	11.56
	 Pointon
	  	Data pulse	  	1.73	%	 	$	13.89
	 Reams 2
	  	Data pulse	  	1.73	%	 	$	16.02
	 Redhouse
	  	Data pulse	  	1.44	%	 	$	11.56
	 Stoddert
	  	Data pulse	  	1.73	%	 	$	13.89
	 Victoria
	  	Data pulse	  	1.44	%	 	$	9.89

  

 35 

 APPENDIX D 
 MEMBERS OF 
 OLD DOMINION ELECTRIC COOPERATIVE 
 CONNECTED TO DOMINION’S FACILITIES 
 B-A-R-C Electric Cooperative 
 Community Electric Cooperative 
 Mecklenberg Electric Cooperative 
 Northern Neck Electric Cooperative 
 Northern Virginia Electric Cooperative 
 Prince George Electric Cooperative 
 Rappahannock Electric Cooperative 
 Shenandoah Valley Electric Cooperative 
 Southside Electric Cooperative 
  

 36Voting and Exchange Trust Agreement

 Exhibit 4.11 
 VOTING AND EXCHANGE TRUST AGREEMENT 
 Voting and Exchange Trust Agreement (this
“Agreement”), dated as of December 20, 2005, among Emergency Medical Services Corporation, a Delaware corporation (the “Company”), Emergency Medical Services L.P., a Delaware limited
partnership (“EMS LP”), and Onex Corporation, a corporation existing under the laws of Canada (the “Trustee”). 
 EMS LP is effecting a reorganization pursuant to which, among other things, class A units representing limited partnership interests in EMS LP will be designated “LP Exchangeable Units”, exchangeable at
the option of the holder for shares of the class B common stock of the Company. 
 The parties desire to enter into this Agreement so that,
by providing instructions to the Trustee, the holders of the LP Exchangeable Units will be able to exercise essentially the same voting rights with respect to the Company as they would have if they exchanged the LP Exchangeable Units for shares of
Class B Common Stock. 
 NOW THEREFORE, the parties hereto agree as follows: 
 ARTICLE 1. 
 DEFINITIONS AND INTERPRETATION 
 1.1 Definitions 
 In this Agreement, the following
terms shall have the following meanings: 
 “Agreement” has the meaning set forth in the recitals. 
 “Agreement of Limited Partnership” means the Agreement of Limited Partnership, dated as of February 10, 2005, as amended and
restated on December 20, 2005, among EMSC, Inc. (f/k/a Emergency Medical Services Corporation) and the Persons listed on Schedule A thereto. 
 “Automatic Exchange Rights” means the benefit of the obligation of the Company to effect the automatic exchange of LP Exchangeable Units for shares of Class B Common Stock pursuant to
Section 5.12. 
 “Beneficiaries” means the registered holders from time to time of LP Exchangeable Units.

 “Beneficiary Votes” has the meaning set forth in Section 4.2. 
 “Class B Special Voting Share” means the one share of Class B Special Voting Stock of the Company, par value $0.01, which
entitles the holder of record to the number of votes per share attaching to one share of Class B Common Stock for each one LP Exchangeable Unit outstanding from time to time, which share is to be issued to, deposited with, and voted by, the
Trustee as described herein. 
 “Company” has the meaning set forth in the recitals. 
 “Conversion Notice” has the meaning set forth in Section 4.5(b). 
 “EMS LP” has the meaning set forth in the recitals. 
 “Exchange Right” has the meaning set forth in Section 5.1. 
 “Exchanged Units” has the meaning set forth in Section 5.7. 
 “Indemnified Parties” has the meaning set forth in Section 9.1. 
  

 1 

 “Insolvency Event” means the institution by EMS LP of any proceeding to be
adjudicated a bankrupt or insolvent or to be wound up, or the consent of EMS LP to the institution of bankruptcy, insolvency or winding-up proceedings against it, or the filing of a petition, answer or consent seeking dissolution or winding-up under
any bankruptcy, insolvency or analogous laws, including without limitation the U.S. Bankruptcy Code, and the failure by EMS LP to contest in good faith any such proceedings commenced in respect of EMS LP within 30 days of becoming aware thereof, or
the consent by EMS LP to the filing of any such petition or to the appointment of a receiver, or the making by EMS LP of a general assignment for the benefit of creditors, or the admission in writing by EMS LP of its inability to pay its debts
generally as they become due, or EMS LP not being permitted, pursuant to solvency requirements of applicable law, to redeem any Exchanged Units pursuant to Section 5.5 of the Exchangeable Unit Provisions. 
 “Liquidation Event” has the meaning set forth in Section 5.12(b). 
 “Liquidation Event Effective Date” has the meaning set forth in Section 5.12(c). 
 “List” has the meaning set forth in Section 4.6. 
 “Officer’s Certificate” means, with respect to the Company or EMS LP, as the case may be, a certificate signed by any
officer or director of the Company or of the general partner of EMS LP, as the case may be. 
 “Stockholder Consent”
has the meaning set forth in Section 4.2. 
 “Stockholder Meeting” has the meaning set forth in
Section 4.2. 
 “Trust Estate” means the Class B Special Voting Share, any other securities, the Exchange Right,
the Automatic Exchange Rights and any money or other property which may be held by the Trustee from time to time pursuant to this Agreement. 
 “Trustee” means the Onex Corporation and, subject to the provisions of Article 10, includes any successor trustee. 
 “Voting Rights” means the voting rights attached to the Class B Special Voting Share. 
 Capitalized
terms used herein and not defined shall have the respective meanings set forth in the Agreement of Limited Partnership, including Exhibit I thereto. 
 ARTICLE 2. 
 PURPOSE OF AGREEMENT 
 The purpose of this Agreement is to create the Trust for the benefit of the Beneficiaries, as herein provided. The Company hereby issues to, deposits with, and transfers to the Trustee, the Class B Special Voting
Share to be hereafter held of record by the Trustee as trustee for and on behalf of, and for the use and benefit of, the Beneficiaries and in accordance with the provisions of this Agreement. The Trustee will (a) hold and administer the assets
of the Trust, comprised of the Class B Special Voting Share, in order to enable the Trustee to exercise the Voting Rights and (b) hold the Exchange Right and the Automatic Exchange Rights in order to enable the Trustee to exercise such
rights, in each case as trustee for and on behalf of the Beneficiaries as provided in this Agreement. 
  

 2 

 ARTICLE 3. 
 CLASS B SPECIAL VOTING SHARE 
 3.1 Issue and Ownership of the Class B Special Voting Share 
 The Company hereby acknowledges receipt from the Trustee, as trustee for and on behalf of the Beneficiaries, of $1.00 and other good and valuable
consideration in exchange for the issuance of the Class B Special Voting Share by the Company to the Trustee. During the term of the Trust and subject to the terms and conditions of this Agreement, the Trustee shall have control and the
exclusive administration of the Class B Special Voting Share and shall be entitled to exercise all of the rights and powers of an owner with respect to the Class B Special Voting Share, provided that the Trustee shall: 

(a) hold the Class B Special Voting Share and the all rights related thereto as trustee solely for the use and benefit of the Beneficiaries in
accordance with the provisions of this Agreement; and 
 (b) except as specifically authorized by this Agreement, have no power or authority
to sell, transfer, vote or otherwise deal in or with the Class B Special Voting Share and the Class B Special Voting Share shall not be used or disposed of by the Trustee for any purpose other than the purposes for which this Trust is
created pursuant to this Agreement. 
 3.2 Beneficiary Notification 
 EMS LP will notify each Beneficiary of its right to instruct the Trustee with respect to the exercise of the Voting Rights in respect of the LP Exchangeable Units of each Beneficiary. 
 ARTICLE 4. 
 EXERCISE OF VOTING
RIGHTS 
 4.1 Voting Rights 
 The
Trustee, as the holder of record of the Class B Special Voting Share, shall be entitled to all of the Voting Rights, including the right to vote in person or by proxy the Class B Special Voting Share on any matters, questions, proposals or
propositions whatsoever that may properly come before the stockholders of the Company at a Stockholder Meeting or in connection with a Stockholder Consent. Subject to Section 7.13, the Voting Rights shall be and remain vested in and exercised
by the Trustee as follows: 
 (a) the Trustee shall exercise the Voting Rights only on the basis of instructions received pursuant to this
Article 4 from Beneficiaries entitled to instruct the Trustee as to the voting thereof at the time at which the Stockholder Meeting is held or a Stockholder Consent is sought; and 
 (b) to the extent that no instructions are received from a Beneficiary with respect to the Voting Rights to which such Beneficiary is entitled, the
Trustee shall not exercise or permit the exercise of such Voting Rights. 
 4.2 Number of Votes 
 With respect to all meetings of stockholders of the Company at which holders of Class B Common Stock are or, if outstanding, would be entitled to vote
(each, a “Stockholder Meeting”) and with respect to all written consents sought by the Company from its stockholders, including the holders of Class B Common Stock (each, a “Stockholder Consent”), each
Beneficiary shall be entitled to instruct the Trustee to cast and exercise, in the manner instructed, that number of votes comprised in the Voting Rights for each LP Exchangeable Unit which is equal to that number of votes which would attach to the
Class B Common Stock receivable upon the exchange of the LP Exchangeable Units (i) corresponding to such Class B Special Voting Share and (ii) owned of record by such Beneficiary on the record date 
  

 3 

 established by the Company or by applicable law for such Stockholder Meeting or Stockholder Consent, as the case may be
(the “Beneficiary Votes”), in respect of each matter to be voted on at such Stockholder Meeting or in connection with such Stockholder Consent. In the case only of a vote of Class B Common Stock, voting separately as a class,
the Trustee shall only exercise Voting Rights with respect to the Class B Special Voting Share corresponding in that event to the Class B Common Stock, and each Beneficiary shall be entitled to instruct the Trustee to cast and exercise on such
class vote that number of votes comprised in the Voting Rights which is equal to the number of LP Exchangeable Units owned of record by such Beneficiary. 
 4.3 Notices to Beneficiaries 
 With respect to notices and other communications in connection with each Stockholder Meeting
and Stockholder Consent, the Trustee will use its reasonable efforts to mail or cause to be mailed promptly (or otherwise communicate in the same manner as the Company utilizes in communication to stockholders of the Company and provided such manner
of communication is reasonably available to the Trustee) to each of the Beneficiaries named in the List referred to in Section 4.6, such notice or other communication regarding any notice or other communication the Trustee receives from the
Company to its stockholders, together with: 
 (a) a copy of such notice received by the Trustee and any related materials, including without
limitation, any proxy or information statement, to be provided to stockholders of the Company; 
 (b) a statement that such Beneficiary is
entitled to instruct the Trustee as to the exercise of the Beneficiary Votes with respect to such Stockholder Meeting or Stockholder Consent or, pursuant to Section 4.7, to attend such Stockholder Meeting and to exercise personally the
Beneficiary Votes; 
 (c) a statement as to the manner in which such instructions may be given to the Trustee, including an express
indication that instructions may be given to the Trustee to give: 
 (i) a proxy to such Beneficiary or his designee to exercise personally
the Beneficiary Votes; or 
 (ii) a proxy to a designated agent or other representative of the management of the Company to exercise such
Beneficiary Votes; 
 (d) a statement that if no such instructions are received from the Beneficiary, the Beneficiary Votes to which such
Beneficiary is entitled will not be exercised; 
 (e) a form of direction whereby the Beneficiary may so direct and instruct the Trustee as
contemplated herein; and 
 (f) a statement of the time and date by which such instructions must be received by the Trustee in order to be
binding upon it, which in the case of a Stockholder Meeting shall not be later than the close of business on the second Business Day prior to such meeting, and of the method for revoking or amending such instructions. 
 The materials referred to in this Section 4.3 are to be provided to the Trustee by the Company and the materials referred to in Sections 4.3(c),
4.3(e) and 4.3(f) shall be subject to reasonable comment by the Trustee in a timely manner. The Company shall ensure that the materials to be provided to the Trustee are provided in time sufficient to permit the Trustee to comment as mentioned above
and to send all materials to each Beneficiary at the same time as such materials are first sent to the stockholders of the Company. The Company agrees not to communicate with the stockholders of the Company with respect to the materials referred to
in this Section 4.3 otherwise than by mail unless such method of communication is also reasonably available to the Trustee for communication with the Beneficiaries. 
  

 4 

 For the purpose of determining Beneficiary Votes to which a Beneficiary is entitled in respect of any
Stockholder Meeting or Stockholder Consent, the number of LP Exchangeable Units owned of record by the Beneficiary shall be determined at the close of business on the record date established by the Company or by applicable law for purposes of
determining stockholders entitled to vote at such Stockholder Meeting. The Company will notify the Trustee of any decision of the Board of Directors with respect to the calling of any Stockholder Meeting and shall provide all necessary information
and materials to the Trustee in each case promptly and in any event in sufficient time to enable the Trustee to perform its obligations contemplated by this Section 4.3. 
 4.4 Copies of Stockholder Information 
 The Company will deliver to the Trustee a copy of all proxy
materials (including notices of the Stockholder Meetings but excluding proxies to vote Common Stock), information statements, reports, including without limitation, all interim and annual financial statements, and other written communications that,
in each case, are to be distributed from time to time to holders of Common Stock in quantities and time sufficient to enable the Trustee to send such materials to each Beneficiary at the same time such materials are first sent to holders of Common
Stock. The Trustee will mail or otherwise send to each Beneficiary, at the expense of the Company, copies of all such materials (and such materials will be specifically directed to the Beneficiaries or to the Trustee for the benefit of the
Beneficiaries by the Company) received by the Trustee from the Company contemporaneously with the distribution by the Company of such materials to holders of Common Stock. The Trustee and the Company, as applicable, will also make available for
inspection by any Beneficiary at (i) the Trustee’s principal office in Toronto, Canada and (ii) the Company’s principal executive office in the United States, all proxy materials, information statements, reports and other written
communications that are: 
 (a) received by the Trustee as the registered holder of the Class B Special Voting Share and made available
by the Company generally to the holders of Common Stock; or 
 (b) specifically directed to the Beneficiaries or to the Trustee for the
benefit of the Beneficiaries by the Company. 
 4.5 Other Materials 
 (a) As soon as reasonably practicable after receipt by the Company or stockholders of the Company of any material distributed by or on behalf of a third party to the stockholders of the Company generally, including
without limitation, dissident proxy and information circulars, tender and exchange offer circulars (and all material related thereto), the Company shall use its reasonable efforts to obtain and deliver to the Trustee copies thereof in sufficient
quantities so as to enable the Trustee to forward such material to each Beneficiary as soon as possible thereafter, unless the same has been provided directly to Beneficiaries by such third party. As soon as reasonably practicable after receipt
thereof, the Trustee will mail or otherwise send to each Beneficiary, at the Company’s expense, copies of all such materials received by the Trustee from the Company. The Trustee and the Company, as applicable, will also make available for
inspection by any Beneficiary at (i) the Trustee’s principal office in Toronto, Canada and (ii) the Company’s principal executive office in the United States, a copy of all such material. 
 (b) As soon as reasonably practicable after receipt by the Trustee of notice that the conversion right set out in Section 11.2 of the Exchangeable
Unit Provisions has come into effect, the Trustee shall use its reasonable efforts promptly to send to EMS LP and to each of the Beneficiaries of the LP Exchangeable Units named in the List referred to in Section 4.6, a notice (the
“Conversion Notice”) advising such Beneficiaries that they are entitled to convert their LP Exchangeable Units into shares of Class A Common Stock and the reasons therefor. The Conversion Notice shall include:

 (i) a description of the procedure to be followed to effect the conversion of LP Exchangeable Units into shares of Class A Common
Stock; 
  

 5 

 (ii) the information set forth in Section 11.3 of the Exchangeable Unit Provisions; 
 (iii) a copy of the Exclusionary Offer and all other material received from the Company in respect of such offer; 
 (iv) a form of notice to be given by the relevant Beneficiaries to EMS LP pursuant to Section 11.2 of the Exchangeable Unit Provisions; and

 (v) details of the arrangements and procedures put in place by the Company and EMS LP. 
 4.6 List of Persons Entitled to Vote 
 EMS LP shall,
(a) prior to each annual and special Stockholder Meeting or obtaining any Stockholder Consent from the stockholders of the Company and (b) promptly upon request of the Trustee in writing, prepare or cause to be prepared a list of the names
and addresses of the Beneficiaries of the LP Exchangeable Units (the “List”), such list to be arranged in alphabetical order and indicating the number of LP Exchangeable Units held of record by each such Beneficiary, as of
the close of business on the date specified by the Trustee in such request or, in the case of a List prepared in connection with a Stockholder Meeting or a Stockholder Consent, as of the close of business on the record date established by the
Company. The List shall be delivered to the Trustee promptly after receipt by EMS LP of such request or the record date for such meeting or obtaining consent, as the case may be, and in any event within sufficient time as to permit the Trustee to
perform its obligations under this Agreement. The Company agrees to give EMS LP notice (with a copy to the Trustee) of any Stockholder Meeting or Stockholder Consent, together with the record dates therefor, at least two days prior to the date of
such meeting or consent so as to enable EMS LP to perform its obligations under this Section 4.6. 
 4.7 Entitlement to Direct Votes 

Any Beneficiary named in a List prepared in connection with any Stockholder Meeting or Stockholder Consent will be entitled (a) to instruct the
Trustee in the manner described in Section 4.3 with respect to the exercise of the Beneficiary Votes to which such Beneficiary is entitled or (b) to attend such meeting and personally exercise thereat, as the proxy of the Trustee, the
Beneficiary Votes to which such Beneficiary is entitled. 
 4.8 Voting by Trustee and Attendance of Trustee Representative at Meeting 
 (a) In connection with each Stockholder Meeting and Stockholder Consent, the Trustee shall exercise, either in person or by proxy, in accordance with the
written instructions received from a Beneficiary pursuant to Section 4.3, the Beneficiary Votes as to which such Beneficiary is entitled to direct the vote (or any lesser number thereof as may be set forth in the instructions); provided,
however, that such instructions are received by the Trustee from the Beneficiary prior to the time and date fixed by the Trustee for receipt of such instruction in the notice given by the Trustee to the Beneficiary pursuant to
Section 4.3. 
 (b) The Trustee shall cause a representative who is empowered by it to sign and deliver, on behalf of the Trustee,
proxies for Voting Rights to attend each Stockholder Meeting. Upon submission by a Beneficiary (or its designee) of identification satisfactory to the Trustee’s representative, and at the Beneficiary’s request, such representative shall
sign and deliver to such Beneficiary (or its designee) a proxy to exercise personally the Beneficiary Votes as to which such Beneficiary is otherwise entitled hereunder to direct the vote, if such Beneficiary either (i) has not previously given
the Trustee instructions pursuant to Section 4.3 in respect of such meeting or (ii) submits to such representative written revocation of any such previous instructions. At such meeting, the Beneficiary exercising such Beneficiary Votes
shall have the same rights as the Trustee with respect to any matter, to speak at the meeting in favor or against it, to vote by way of ballot at the meeting and to vote at such meeting by way of a show of hands. 
  

 6 

 4.9 Distribution of Written Materials 
 Any written materials distributed by the Trustee pursuant to this Agreement shall be sent by mail (or otherwise communicated in the same manner as the
Company utilizes in communications to the stockholders of the Company and provided such manner of communications is reasonably available to the Trustee) to each Beneficiary of the LP Exchangeable Units at its address as shown on the register of EMS
LP. The Company agrees not to communicate with the stockholders of the Company with respect to such written materials other than by mail unless such method of communication is also reasonably available to the Trustee for communication with the
Beneficiaries. EMS LP shall provide or cause to be provided to the Trustee for purposes of communication, on a timely basis and without charge or other expense: 
 (a) a current List; and 
 (b) upon the request of the Trustee, mailing labels to enable the Trustee to carry
out its duties under this Agreement. 
 Notwithstanding the foregoing, upon the request of the Trustee, the Company shall cause all written
materials to be distributed to the Beneficiaries on behalf of the Trustee. 
 4.10 Termination of Voting Rights 
 All of the rights of a Beneficiary with respect to the Beneficiary Votes exercisable in respect of the LP Exchangeable Units held by such Beneficiary,
including the right to instruct the Trustee as to the voting of or to vote personally such Beneficiary Votes, shall be deemed to be surrendered by the Beneficiary to the Company and such Beneficiary Votes and the Voting Rights represented thereby
shall cease immediately upon: (a) the delivery by a Beneficiary to the Trustee of a copy of the Exchange Notice delivered to the Company in connection with the exercise by such Beneficiary of the Exchange Right or the occurrence of the
automatic exchange of LP Exchangeable Units for Class B Common Stock, as specified in Article 5 (unless, in either case, the Company shall not have delivered the requisite shares of Class B Common Stock issuable in exchange therefor to the
Beneficiary; (b) the exchange of LP Exchangeable Units pursuant to Article 5 of the Exchangeable Unit Provisions; or (c) the effective date of the liquidation, dissolution or winding-up of EMS LP pursuant to Article 4 of the
Exchangeable Unit Provisions. 
 4.11 Exercise of Other Rights 
 Upon the request of a Beneficiary, the Trustee shall exercise on behalf of such Beneficiary any other rights attaching to the LP Exchangeable Units, including the right to (a) submit nominations to the Board of
Directors and (b) propose business for consideration at a Stockholder Meeting. 
 ARTICLE 5. 
 EXCHANGE RIGHT AND AUTOMATIC EXCHANGE 
 5.1 Grant
and Exercise of the Exchange Right 
 The Company hereby grants to the Trustee as trustee for and on behalf of, and for the use and
benefit of, the Beneficiaries the right (the “Exchange Right”), upon the occurrence and during the continuance of an Insolvency Event, to require the Company to exchange for each or any Beneficiary all or any part of the LP
Exchangeable Units held by the Beneficiary and the Automatic Exchange Rights, all in accordance with the provisions of this Agreement. The Company hereby acknowledges receipt from the Trustee as trustee for and on behalf of the Beneficiaries of good
and valuable consideration for the grant of the Exchange Right and the Automatic Exchange Rights by the Company to the Trustee. During 
  

 7 

 the term of the Trust and subject to the terms and conditions of this Agreement, the Trustee shall possess and be vested
with all rights in respect of the Exchange Right and the Automatic Exchange Rights and shall be entitled to exercise all of the rights and powers of an owner with respect to the Exchange Right and the Automatic Exchange Rights, provided that the
Trustee shall: 
 (a) hold the Exchange Right and the Automatic Exchange Rights as trustee solely for the use and benefit of the Beneficiaries
in accordance with the provisions of this Agreement; and 
 (b) except as specifically authorized by this Agreement, have no power or
authority to exercise or otherwise deal in or with the Exchange Right or the Automatic Exchange Rights, and the Trustee shall not exercise any such rights for any purpose other than the purposes for which the Trust is created pursuant to this
Agreement. 
 The obligations of the Company to issue Class B Common Stock pursuant to the Exchange Right or the Automatic Exchange Rights
are subject to all applicable laws and regulatory and stock exchange requirements. 
 5.2 Beneficiary Notification 
 EMS LP will notify the Beneficiaries of: 
 (a)
their right to instruct the Trustee with respect to the exercise of the Exchange Right in respect of the LP Exchangeable Units held by a Beneficiary; and 
 (b) the Automatic Exchange Rights. 
 5.3 General Exercise of Exchange Right 
 The Exchange Right shall be and remain vested in and exercisable by the Trustee. Subject to Section 7.13, the Trustee shall exercise the Exchange
Right only on the basis of instructions received pursuant to this Article 5 from Beneficiaries entitled to instruct the Trustee as to the exercise thereof. To the extent that no instructions are received from a Beneficiary with respect to the
Exchange Right, the Trustee shall not exercise or permit the exercise of the Exchange Right. 
 5.4 Exchange Price 
 The exchange price payable by the Company for each LP Exchangeable Unit to be exchanged by the Company under the Exchange Right shall be an amount per
Unit equal to (a) one share of Class B Common Stock, plus (b) to the extent not paid by EMS LP on the designated payment date therefor, an additional amount equal to and in satisfaction of the full amount of all declared and
unpaid distributions on each such LP Exchangeable Unit held by such holder on any distribution record date which occurred prior to the closing of the exchange. The exchange price for each such LP Exchangeable Unit so exchanged may be satisfied only
by the Company issuing and delivering to the Trustee, on behalf of the relevant Beneficiary, one share of Class B Common Stock and, on the applicable payment date therefor, a check for the balance, if any, of the exchange price without interest
(less any amounts withheld pursuant to Section 5.13). Upon payment by the Company of such exchange price, the relevant Beneficiary shall cease to have any right to be paid any amount in respect of declared and unpaid distributions on each such
LP Exchangeable Unit by EMS LP. 
 5.5 Exercise Instructions 
 Subject to the terms and conditions herein set forth, a Beneficiary shall be entitled, upon the occurrence and during the continuance of an Insolvency Event, to instruct the Trustee to exercise the Exchange Right with
respect to all or any part of the LP Exchangeable Units in the name of such Beneficiary on the books of EMS LP. To cause the exercise of the Exchange Right by the Trustee, the 
  

 8 

 Beneficiary shall deliver, in person or by certified or registered mail, to the Trustee, at its principal office in
Toronto, Canada, or to the Company, at its principal executive office in the United States, or at such other places as the Trustee may from time to time designate by written notice to the Beneficiaries: (a) a duly completed form of notice of
exercise of the Exchange Right, stating (i) that the Beneficiary thereby instructs the Trustee to exercise the Exchange Right so as to require the Company to purchase from the Beneficiary the number of LP Exchangeable Units specified therein,
(ii) that such Beneficiary has good title to and owns all such LP Exchangeable Units to be acquired by the Company free and clear of all liens, claims and encumbrances and (iii) the names in which the certificates representing Class B
Common Stock issuable in connection with the exercise of the Exchange Right are to be issued; and (b) payment (or evidence satisfactory to the Trustee, EMS LP and the Company of payment) of the taxes, if any, payable as contemplated by
Section 5.8 of this Agreement, together with such other documents and instruments as may be required to effect a transfer of LP Exchangeable Units under the Delaware Revised Uniform Limited Partnership Act and the Agreement of Limited
Partnership and such additional documents and instruments as the Trustee, EMS LP and the Company may reasonably require. 
 5.6 Delivery of Class B Common
Stock; Effect of Exercise 
 Promptly after the receipt of a duly completed form of notice of exercise of the Exchange Right (and payment
of taxes, if any, payable as contemplated by Section 5.8 or evidence thereof), together with such documents and instruments of transfer, the Trustee shall notify the Company and EMS LP of its receipt of the same, which notice to the Company and
EMS LP shall constitute exercise of the Exchange Right by the Trustee on behalf of the holder of such LP Exchangeable Units, and the Company shall promptly thereafter deliver or cause to be delivered to the Trustee, for delivery to the Beneficiary
of such LP Exchangeable Units (or to such other person as directed by the Beneficiary), the number of shares of Class B Common Stock issuable in connection with the exercise of the Exchange Right, and on the applicable payment date a check for the
balance, if any, of the total exchange price therefor without interest (less any amounts withheld pursuant to Section 5.13); provided, however, that no such delivery shall be made unless and until the Beneficiary requesting the
same shall have paid (or provided evidence satisfactory to the Trustee, EMS LP and the Company of the payment of) the taxes, if any, payable as contemplated by Section 5.8 of this Agreement. Immediately upon the giving of notice by the Trustee
to the Company and EMS LP of the exercise of the Exchange Right as provided in this Section 5.6, the closing of the transaction of exchange contemplated by the Exchange Right shall be deemed to have occurred and the holder of such LP
Exchangeable Units shall be deemed to have transferred to the Company all of such holder’s right, title and interest in and to such LP Exchangeable Units and the related interest in the Trust Estate free and clear of any lien, claim or
encumbrance and shall cease to be a holder of such LP Exchangeable Units and shall not be entitled to exercise any of the rights of a Beneficiary in respect thereof, other than the right to receive his pro rata share of the total exchange price
therefor, unless the requisite number of shares of Class B Common Stock are not yet allocated, issued and delivered by the Company to the Trustee within five Business Days of the date of the giving of such notice by the Trustee or the balance of the
exchange price, if any, is not paid by the Company on the applicable payment date therefor, in which case the rights of the Beneficiary shall remain unaffected until such shares of Class B Common Stock are so allocated, issued and delivered, and the
balance of the exchange price, if any, has been paid, by the Company. Upon delivery by the Company to the Trustee of such shares of Class B Common Stock, and the balance of the exchange price, if any, the Trustee shall deliver shares of Class B
Common Stock to such Beneficiary (or to such other Persons, if any, properly designated by such Beneficiary). Concurrently with such Beneficiary ceasing to be a holder of LP Exchangeable Units, the Beneficiary shall be considered and deemed for all
purposes to be a direct holder of the shares of Class B Common Stock delivered to it pursuant to the Exchange Right. 
 5.7 Exercise of Exchange Right
Subsequent to Exchange Request 
 In the event that a Beneficiary has exercised its right under Article 5 of the Exchangeable Unit
Provisions to require EMS LP to exchange any or all of the LP Exchangeable Units held by the Beneficiary (the “Exchanged Units”) and is notified by EMS LP pursuant to Section 5.5 of the Exchangeable Unit Provisions that
EMS LP will not be permitted to exchange all such Exchanged Units, and provided that the Trustee has received written notice of same from EMS LP or the Company, the 
  

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 exchange request will constitute and will be deemed to constitute notice from the Beneficiary to the Trustee instructing
the Trustee to exercise the Exchange Right with respect to those LP Exchangeable Units that EMS LP is unable to exchange. In any such event, EMS LP hereby agrees with the Trustee and in favor of the Beneficiary promptly to forward or cause to be
forwarded to the Trustee all relevant materials delivered by the Beneficiary to EMS LP (including, without limitation, a copy of the exchange request delivered pursuant to Section 5.1 of the Exchangeable Unit Provisions) in connection with such
proposed exchange of the Exchanged Units and the Trustee will thereupon exercise the Exchange Right with respect to the Exchanged Units that EMS LP is not permitted to exchange and will require the Company to exchange such shares in accordance with
the provisions of this Article 5. 
 5.8 Stamp or Other Transfer Taxes 
 Upon any transfer of LP Exchangeable Units to the Company pursuant to the Exchange Right or the Automatic Exchange Rights, the share certificate or certificates representing Class B Common Stock to be delivered
in connection with the payment of the total exchange price therefor shall be issued in the name of the Beneficiary of the LP Exchangeable Units so transferred or in such names as such Beneficiary may otherwise direct in writing, provided such
direction is received by the Company prior to the time of such shares being issued, without charge to the holder of the LP Exchangeable Units so sold; provided, however, that such Beneficiary (a) shall pay any documentary, stamp,
transfer or other taxes that may be payable in respect of any transfer of such LP Exchangeable Units to the Company or in respect of the issuance or delivery of such Class B Common Stock to such Beneficiary or any other Person including, without
limitation, in the event that shares of Class B Common Stock are being issued or transferred to a depositary or a nominee thereof, or (b) shall have evidenced to the satisfaction of the Trustee, the Company and EMS LP that such taxes, if any,
have been paid. 
 5.9 Notice of Insolvency Event 
 As soon as practicable following the occurrence of an Insolvency Event or any event that with the giving of notice or the passage of time or both would be an Insolvency Event, EMS LP and the Company shall give written notice thereof to the
Trustee. As soon as practicable following the receipt of notice from EMS LP and the Company of the occurrence of an Insolvency Event, or upon the Trustee becoming aware of an Insolvency Event, the Trustee will mail to each Beneficiary, at the
expense of the Company (such funds to be received in advance), a notice of such Insolvency Event in the form provided by the Company, which notice shall contain a brief statement of the rights of the Beneficiaries with respect to the Exchange Right.

 5.10 Registration of Class B Common Stock 
 The Company agrees that if any shares of Class B Common Stock to be issued and delivered pursuant to the Exchange Right or the Automatic Exchange Rights require registration or qualification with or approval of or the filing of any
document, including any prospectus or similar document, or the taking of any proceeding with or the obtaining of any order, ruling or consent from any governmental or regulatory authority under any federal or state law or regulation or pursuant to
the rules and regulations of any regulatory authority or the fulfillment of any other federal or state legal requirement before such shares may be issued and delivered by the Company to the initial holder thereof, the Company will in good faith
expeditiously take all such actions and do all such things as are necessary or desirable to cause such shares of Class B Common Stock to be and remain duly registered, qualified or approved. The parties acknowledge that the foregoing does not
require the Company to take action in order that the shares of Class B Common Stock (or such other shares or securities), or the shares of Class A Common Stock issuable on conversion thereof, may be freely traded thereafter without further
registration, qualification or approval. The Company will provide or cause to be provided to the Trustee such legal opinions, certificates, documents and other instruments as the Trustee may from time to time reasonably request to demonstrate
compliance with this Section 5.10. 
  

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 5.11 Class B Common Stock 
 The Company hereby represents, warrants and covenants that the shares of Class B Common Stock issuable as described herein will be duly authorized and validly issued as fully paid and non-assessable and shall be free
and clear of any lien, claim or encumbrance. 
 5.12 Automatic Exchange on Liquidation of the Company 
 (a) The Company will give the Trustee written notice of each of the following events at the time set forth below: 
 (i) in the event of any determination by the Board of Directors to institute voluntary liquidation, dissolution or winding-up proceedings with respect to
the Company or to effect any other distribution of assets of the Company among its stockholders for the purpose of winding up its affairs, at least 30 days prior to the proposed effective date of such liquidation, dissolution, winding-up or other
distribution; and 
 (ii) as soon as practicable following the earlier of (A) receipt by the Company of notice of, and (B) the
Company otherwise becoming aware of, any threatened or instituted claim, suit, petition or other proceedings with respect to the involuntary liquidation, dissolution or winding-up of the Company or to effect any other distribution of assets of the
Company among its stockholders for the purpose of winding up its affairs, in each case where the Company has failed to contest in good faith any such proceeding commenced in respect of the Company within 30 days of becoming aware thereof.

 (b) As soon as practicable following receipt by the Trustee from the Company of notice of any event (a “Liquidation
Event”) contemplated by Section 5.12(a)(i) or 5.12(a)(ii) above, the Trustee will give notice thereof to the Beneficiaries. Such notice shall be provided to the Trustee by the Company and shall include a brief description of the
automatic exchange of LP Exchangeable Units for Class B Common Stock provided for in Section 5.12(c). 
 (c) In order that the
Beneficiaries will be able to participate on a pro rata basis with the holders of shares of Common Stock in the distribution of assets of the Company in connection with a Liquidation Event, on the fifth Business Day prior to the effective date (the
“Liquidation Event Effective Date”) of a Liquidation Event all of the then outstanding LP Exchangeable Units (other than those held by the Company and its subsidiaries) shall be automatically exchanged for Class B Common
Stock. To effect such automatic exchange, the Company shall exchange on the fifth Business Day prior to the Liquidation Event Effective Date each LP Exchangeable Unit then outstanding and held by Beneficiaries, and each Beneficiary shall exchange
the LP Exchangeable Units held by it at such time, free and clear of any lien, claim or encumbrance, for an exchange price per unit equal to (i) one share of Class B Common Stock, and (ii) to the extent not paid by EMS LP on the
designated payment date therefor, an additional amount equal to and in satisfaction of the full amount of all declared and unpaid distributions on each such LP Exchangeable Unit held by such holder on any distribution record date which occurred
prior to the date of the exchange. 
 (d) On the fifth Business Day prior to the Liquidation Event Effective Date, the closing of the
transaction of exchange contemplated by the automatic exchange of LP Exchangeable Units for shares of Class B Common Stock shall be deemed to have occurred, and each Beneficiary shall be deemed to have transferred to the Company all of the
Beneficiary’s right, title and interest in and to such Beneficiary’s LP Exchangeable Units and the related interest in the Trust Estate, any right of each such Beneficiary to receive declared and unpaid distributions from EMS LP shall be
deemed to be satisfied and discharged and each such Beneficiary shall cease to be a holder of such LP Exchangeable Units and the Company shall issue to the Beneficiary the shares of Class B Common Stock issuable upon the automatic exchange of LP
Exchangeable Units for shares of Class B Common Stock and on the applicable payment date shall deliver to the Beneficiary or to the Trustee for delivery to the Beneficiary, by wire transfer, the balance, if any, of the total exchange price for such
LP Exchangeable Units without interest, less any amounts withheld pursuant to Section 5.13. Concurrently with such Beneficiary ceasing 
  

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 to be a holder of LP Exchangeable Units, the Beneficiary shall be considered and deemed for all purposes to be the holder
of the shares of Class B Common Stock issued pursuant to the automatic exchange of LP Exchangeable Units for shares of Class B Common Stock and the LP Exchangeable Units attributable to the Beneficiary as recorded in the EMS LP register previously
representing the LP Exchangeable Units exchanged by the Beneficiary with the Company pursuant to such automatic exchange shall thereafter be deemed to represent shares of Class B Common Stock issued to the Beneficiary by the Company pursuant to such
automatic exchange. Upon the request of a Beneficiary, the Company shall deliver or cause to be delivered to the Beneficiary certificates representing shares of Class B Common Stock of which the Beneficiary is the holder. 
 5.13 Withholding Rights 
 The Company, EMS LP and the
Trustee shall be entitled to deduct and withhold from any dividend, distribution or consideration otherwise payable under this Agreement to any holder of LP Exchangeable Units or shares of Class B Common Stock such amounts as the Company, EMS LP or
the Trustee is required to deduct and withhold with respect to such payment under the Code or any provision of state, local or foreign tax law, in each case as amended or succeeded. The Company, EMS LP and the Trustee may act on the advice of
counsel with respect to such matters. To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes as having been paid to the holder of the units or shares in respect of which such deduction and withholding was
made, provided that such withheld amounts are actually remitted to the appropriate taxing authority. To the extent that the amount so required or entitled to be deducted or withheld from any payment to a holder exceeds the cash portion of the
consideration otherwise payable to the holder, the Company, EMS LP and the Trustee are hereby authorized to sell or otherwise dispose of such portion of the consideration as is necessary to provide sufficient funds to the Company, EMS LP or the
Trustee, as the case may be, to enable it to comply with such deduction or withholding requirement or entitlement and the Company, EMS LP or the Trustee shall notify the holder thereof and remit to such holder any unapplied balance of the net
proceeds of such sale; provided, however, that nothing in this Section 5.13 shall reduce EMS LP’s obligations under Section 2.2 of the Exchangeable Unit Provisions. 
 ARTICLE 6. 
 RESTRICTIONS ON ISSUE OF
CLASS B SPECIAL VOTING STOCK 
 During the term of this Agreement, the Company will not, without the consent of the Beneficiaries at the
relevant time of LP Exchangeable Units, given in accordance with Section 9.2 of the Exchangeable Unit Provisions, issue any shares of its special voting stock in the same series as the Class B Special Voting Share. 
 ARTICLE 7. 
 CONCERNING THE TRUSTEE

 7.1 Powers and Duties of the Trustee 
 The rights, powers, duties and authorities of the Trustee under this Agreement, in its capacity as Trustee of the Trust, shall include: 
 (a) receipt and deposit of the Class B Special Voting Share from the Company as Trustee for and on behalf of the Beneficiaries in accordance with the provisions of this Agreement; 
 (b) granting proxies and distributing materials to Beneficiaries as provided in this Agreement; 
 (c) voting the Beneficiary Votes in accordance with the provisions of this Agreement; 
  

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 (d) receiving the grant of the Exchange Right and the Automatic Exchange Rights from the Company as
Trustee for and on behalf of the Beneficiaries in accordance with the provisions of this Agreement; 
 (e) exercising the Exchange Right and
enforcing the benefit of the Automatic Exchange Rights, in each case in accordance with the provisions of this Agreement, and in connection therewith receiving from Beneficiaries LP Exchangeable Units and other requisite documents and distributing
to such Beneficiaries shares of Class B Common Stock and cash, if any, to which such Beneficiaries are entitled to receive upon the exercise of the Exchange Right or pursuant to the Automatic Exchange Rights, as the case may be; 
 (f) holding title to the Trust Estate; 
 (g)
investing any funds forming, from time to time, a part of the Trust Estate as provided in this Agreement; 
 (h) taking action on its own
initiative or at the direction of a Beneficiary or Beneficiaries to enforce the obligations of the Company and EMS LP under this Agreement; and 
 (i) taking such other actions and doing such other things as are specifically provided in this Agreement. 
 In the exercise of such
rights, powers, duties and authorities the Trustee shall have (and is granted) such incidental and additional rights, powers, duties and authority not in conflict with any of the provisions of this Agreement as the Trustee, acting in good faith and
in the reasonable exercise of its discretion, may deem necessary, appropriate or desirable to effect the purpose of the Trust. Any exercise of such discretionary rights, powers, duties and authorities by the Trustee shall be final, conclusive and
binding upon all Persons. 
 The Trustee in exercising its rights, powers, duties and authorities hereunder shall act in good faith and with
a view to the best interests of the Beneficiaries and shall exercise the care, diligence and skill that a reasonably prudent trustee would exercise in comparable circumstances. 
 The Trustee shall not be bound to give notice or do or take any act, action or proceeding by virtue of the powers conferred on it hereby unless and until
it shall be specifically required to do so under the terms hereof; nor shall the Trustee be required to take any notice of, or to do, or to take any act, action or proceeding as a result of any default or breach of any provision hereunder, unless
and until notified in writing of such default or breach, which notices shall distinctly specify the default or breach desired to be brought to the attention of the Trustee, and in the absence of such notice the Trustee may for all purposes of this
Agreement conclusively assume that no default or breach has been made in the observance or performance of any of the representations, warranties, covenants, agreements or conditions contained herein. The Trustee shall only have those duties as are
set out specifically in this Agreement. 
 7.2 Dealings with Transfer Agents, Registrars, etc. 
 The Company and EMS LP irrevocably authorize the Trustee, from time to time, to: 
 (a) consult, communicate and otherwise deal with the respective registrars and transfer agents, and with any such subsequent registrar or transfer agent,
of the LP Exchangeable Units and Class B Common Stock; and 
 (b) requisition, from time to time, (i) from any such registrar or
transfer agent any information readily available from the records maintained by it which the Trustee may reasonably require for the discharge of its duties and responsibilities under this Agreement and (ii) from the transfer agent of

  

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 Common Stock, and any subsequent transfer agent of such shares, the share certificates issuable upon the exercise from
time to time of the Exchange Right and pursuant to the Automatic Exchange Rights. 
 The Company and EMS LP irrevocably authorize their
respective registrars and transfer agents to comply with all such requests. The Company covenants that it will supply its transfer agent with duly executed share certificates for the purpose of completing the exercise from time to time of the
Exchange Right and the Automatic Exchange Rights. 
 7.3 Books and Records 
 The Trustee shall keep available for inspection by the Company and EMS LP at the Trustee’s principal office in Toronto, Canada correct and complete
books and records of account relating to the Trust created by this Agreement, including without limitation, all relevant data relating to mailings and instructions to and from Beneficiaries and all transactions pursuant to the Exchange Right and the
Automatic Exchange Rights. 
 7.4 Income Tax Returns and Reports 
 The Trustee shall, to the extent necessary, prepare and file on behalf of the Trust appropriate United States and any other returns or reports as may be required by applicable law or pursuant to the rules and
regulations of any securities exchange or other trading system through which the LP Exchangeable Units are traded. In connection therewith, the Trustee may obtain the advice and assistance of such experts or advisors as the Trustee considers
necessary or advisable (who may be experts or advisors to the Company or EMS LP). If requested by the Trustee, the Company or EMS LP shall retain qualified experts or advisors for the purpose of providing such tax advice or assistance, and shall
supervise the preparation and filing of any necessary returns or reports. 
 7.5 Indemnification Prior to Certain Actions by Trustee 
 The Trustee shall exercise any or all of the rights, duties, powers or authorities vested in it by this Agreement at the request, order or direction of
any Beneficiary upon such Beneficiary furnishing to the Trustee reasonable funding, security or indemnity against the costs, expenses and liabilities which may be incurred by the Trustee therein or thereby, provided that no Beneficiary shall be
obligated to furnish to the Trustee any such security or indemnity in connection with the exercise by the Trustee of any of its rights, duties, powers and authorities with respect to the Class B Special Voting Share pursuant to Article 4,
subject to Section 7.13, and with respect to the Exchange Right pursuant to Article 5, subject to Section 7.13, and with respect to the Automatic Exchange Rights pursuant to Article 5. 
 None of the provisions contained in this Agreement shall require the Trustee to expend or risk its own funds or otherwise incur financial liability in
the exercise of any of its rights, powers, duties, or authorities unless funded, given security and indemnified as aforesaid. 
 7.6 Action of
Beneficiaries 
 No Beneficiary shall have the right to institute any action, suit or proceeding or to exercise any other remedy
authorized by this Agreement for the purpose of enforcing any of its rights or for the execution of any trust or power hereunder unless the Beneficiary has requested the Trustee to take or institute such action, suit or proceeding and furnished the
Trustee with the funding, security or indemnity referred to in Section 7.5 and the Trustee shall have failed to act within a reasonable time thereafter. In such case, but not otherwise, the Beneficiary shall be entitled to take proceedings in
any court of competent jurisdiction such as the Trustee might have taken; it being understood and intended that no one or more Beneficiaries shall have any right in any manner whatsoever to affect, disturb or prejudice the rights hereby created by
any such action, or to enforce any right hereunder or the Voting Rights, the Exchange Rights or the Automatic Exchange Rights except subject to the conditions and in the manner herein provided, and that all powers and trusts hereunder shall be
exercised and all proceedings at law shall be instituted, had and maintained by the Trustee, except only as herein provided, and in any event for the equal benefit of all Beneficiaries. 
  

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 7.7 Reliance Upon Declarations 
 The Trustee shall not be considered to be in contravention of any of its rights, powers, duties and authorities hereunder if, when required, it acts and relies in good faith upon statutory declarations, certificates,
opinions or reports furnished pursuant to the provisions hereof or required by the Trustee to be furnished to it in the exercise of its rights, powers, duties and authorities hereunder if such statutory declarations, certificates, opinions or
reports comply with the provisions of Section 7.8, if applicable, and with any other applicable provisions of this Agreement. 
 7.8 Conditions
Precedent to Obligations of Trustee 
 The Company and/or EMS LP shall furnish to the Trustee evidence of compliance with the conditions
provided for in this Agreement relating to any action or step required or permitted to be taken by the Company and/or EMS LP or the Trustee under this Agreement or as a result of any obligation imposed under this Agreement, including, without
limitation, in respect of the Voting Rights or the Exchange Right or the Automatic Exchange Rights and the taking of any other action to be taken by the Trustee at the request of or on the application of the Company and/or EMS LP promptly if and
when: 
 (a) such evidence is required by any other section of this Agreement to be furnished to the Trustee in accordance with the terms of
this Section 7.8; or 
 (b) the Trustee, in the exercise of its rights, powers, duties and authorities under this Agreement, gives the
Company and/or EMS LP written notice requiring it to furnish such evidence in relation to any particular action or obligation specified in such notice. 
 Such evidence shall consist of an Officer’s Certificate of the Company and/or EMS LP or a statutory declaration or a certificate made by persons entitled to sign an Officer’s Certificate stating that any
such condition has been complied with in accordance with the terms of this Agreement. 
 Whenever such evidence relates to a matter other
than the Voting Rights or the Exchange Right or the Automatic Exchange Rights or the taking of any other action to be taken by the Trustee at the request or on the application of the Company and/or EMS LP, and except as otherwise specifically
provided herein, such evidence may consist of a report or opinion of any solicitor, attorney, auditor, accountant, appraiser, engineer or other expert or any other person whose qualifications give authority to a statement made by him, provided that
if such report or opinion is furnished by a director, officer or employee of the Company and/or EMS LP it shall be in the form of an Officer’s Certificate. 
 Each Officer’s Certificate, opinion or report furnished to the Trustee as evidence of compliance with a condition provided for in this Agreement shall include a statement by the person giving the evidence:

 (c) declaring that he has read and understands the provisions of this Agreement relating to the condition in question; 
 (d) describing the nature and scope of the examination or investigation upon which he based the certificate, statement or opinion; and 
 (e) declaring that he has made such examination or investigation as he believes is necessary to enable him to make the statements or give the opinions
contained or expressed therein. 
  

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 7.9 Experts, Advisors and Agents 
 The Trustee may: 
 (a) in relation to these presents act and rely on the opinion or advice of or information
obtained from any legal counsel, auditor, accountant, appraiser, engineer or other expert, whether retained by the Trustee or by the Company and/or EMS LP or otherwise, and may retain or employ such assistants as may be necessary to the proper
discharge of its powers and duties and determination of its rights hereunder and may pay proper and reasonable compensation for all such legal and other advice or assistance as aforesaid; and 
 (b) employ such agents and other assistants as it may reasonably require for the proper determination and discharge of its powers and duties hereunder,
and may pay reasonable remuneration for all services performed for it (and shall be entitled to receive reasonable remuneration for all services performed by it) in the discharge of the trusts hereof and compensation for all disbursements, costs and
expenses made or incurred by it in the discharge of its duties hereunder and in the management of the Trust. 
 7.10 Investment of Funds Held by Trustee

 Unless otherwise provided in this Agreement, any funds held by or on behalf of the Trustee which under the terms of this Agreement may
or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the State of
Delaware, trustees are authorized to invest trust funds, provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such funds on the written direction of EMS LP. Pending
the investment of any funds as herein provided, such funds may be deposited in the name of the Trustee in any chartered bank in the United States or, with the consent of EMS LP, with any other loan or trust company authorized to accept deposits
under the laws of the United States or any state thereof at the rate of interest then current on similar deposits. 
 7.11 Trustee Not Required to Give
Security 
 The Trustee shall not be required to give any bond or security in respect of the execution of the trusts, rights, duties,
powers and authorities of this Agreement or otherwise in respect of the premises. 
 7.12 Trustee Not Bound to Act on Request 
 Except as in this Agreement otherwise specifically provided, the Trustee shall not be bound to act in accordance with any direction or request of the
Company and/or EMS LP or of the directors thereof until a duly authenticated copy of the instrument or resolution containing such direction or request shall have been delivered to the Trustee, and the Trustee shall be empowered to act upon any such
copy purporting to be authenticated and believed by the Trustee to be genuine. 
 7.13 Conflicting Claims 
 If conflicting claims or demands are made or asserted with respect to any interest of any Beneficiary in any LP Exchangeable Units, including any
disagreement between the heirs, representatives, successors or assigns succeeding to all or any part of the interest of any Beneficiary in any LP Exchangeable Units, resulting in conflicting claims or demands being made in connection with such
interest, then the Trustee shall be entitled, at its sole discretion, to refuse to recognize or to comply with any such claims or demands. In so refusing, the Trustee may elect not to exercise any Voting Rights, Exchange Rights or Automatic Exchange
Rights subject to such conflicting claims or demands and, in so doing, the Trustee shall not be or become liable to any person on account of such election or 
  

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 its failure or refusal to comply with any such conflicting claims or demands. The Trustee shall be entitled to continue
to refrain from acting and to refuse to act until: 
 (a) the rights of all adverse claimants with respect to the Voting Rights, Exchange
Right or Automatic Exchange Rights subject to such conflicting claims or demands have been adjudicated by a final judgment of a court of competent jurisdiction and all rights of appeal have expired; or 
 (b) all differences with respect to the Voting Rights, Exchange Right or Automatic Exchange Rights subject to such conflicting claims or demands have
been conclusively settled by a valid written agreement binding on all such adverse claimants, and the Trustee shall have been furnished with an executed copy of such agreement certified to be in full force and effect. 
 If the Trustee elects to recognize any claim or comply with any demand made by any such adverse claimant, it may in its discretion require such claimant
to furnish such surety bond or other security satisfactory to the Trustee as it shall deem appropriate to fully indemnify it as between all conflicting claims or demands. 
 7.14 Acceptance of Trust 
 The Trustee hereby accepts the Trust created and provided for by and in
this Agreement and agrees to perform the same upon the terms and conditions herein set forth and to hold all rights, privileges and benefits conferred hereby and by law in trust for the various persons who shall from time to time be Beneficiaries,
subject to all the terms and conditions herein set forth. 
 ARTICLE 8. 
 FEES AND EXPENSES OF THE TRUSTEE 
 The Company and EMS LP agree to reimburse the
Trustee for all reasonable expenses (including, but not limited to, taxes other than taxes based on the net income of the Trustee, fees paid to legal counsel and other experts and advisors and travel expenses) and disbursements, including the
reasonable cost and expense of any suit or litigation of any character and any proceedings before any governmental agency reasonably incurred by the Trustee in connection with its duties under this Agreement; provided that the Company and EMS
LP shall have no obligation to reimburse the Trustee for any expenses or disbursements paid, incurred or suffered by the Trustee in any suit or litigation in which the Trustee is determined to have acted in bad faith or with willful misconduct.

 ARTICLE 9. 
 INDEMNIFICATION AND LIMITATION OF LIABILITY 
 9.1 Indemnification of the Trustee 
 The Company and EMS LP agree to indemnify and hold harmless the Trustee and each of its directors, officers, employees and agents appointed and acting in
accordance with this Agreement (collectively, the “Indemnified Parties”) against all claims, losses, damages, reasonable costs, penalties, fines and reasonable expenses (including reasonable expenses of the Trustee’s
legal counsel) which, without fraud, bad faith or willful misconduct on the part of such Indemnified Party, may be paid, incurred or suffered by the Indemnified Party by reason or as a result of the Trustee’s acceptance or administration of the
Trust, its compliance with its duties set forth in this Agreement, or any written or oral instruction delivered to the Trustee by the Company or EMS LP pursuant hereto. 
 In no case shall the Company or EMS LP be liable under this indemnity for any claim against any of the Indemnified Parties unless the Company and EMS LP shall be notified by the Trustee of the written assertion of a
claim or of any action commenced against the Indemnified Parties, promptly after any of the Indemnified Parties shall have received any such written assertion of a claim or shall have been served with a summons or other first legal process giving
information as to the nature and basis of the 
  

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 claim. Subject to subparagraph (ii) below, the Company and EMS LP shall be entitled to participate at their own
expense in the defense and, if the Company and EMS LP so elect at any time after receipt of such notice, either of them may assume the defense of any suit brought to enforce any such claim. The Trustee shall have the right to employ separate counsel
in any such suit and participate in the defense thereof, and the reasonable fees and expenses of such counsel shall be at the expense of the Company and EMS LP; provided that, if the named parties to any such suit include both the
Trustee and the Company or EMS LP and the Trustee shall have been advised by counsel to the Trustee that there may be one or more legal defenses available to the Trustee that are different from or in addition to those available to the Company or EMS
LP and that, in the judgment of such counsel, would present a conflict of interest were a joint representation to be undertaken, then the Company and EMS LP shall not have the right to assume the defense of such suit on behalf of the Trustee but
shall be liable to pay the reasonable fees and expenses of counsel for the Trustee. This indemnity shall survive the termination of this Agreement and the resignation or removal of the Trustee. 
 9.2 Limitation of Liability 
 The Trustee shall not be
held liable for any loss which may occur by reason of depreciation of the value of any part of the Trust Estate or any loss incurred on any investment of funds pursuant to this Agreement, except to the extent that such loss is attributable to the
fraud, bad faith or willful misconduct on the part of the Trustee. 
 ARTICLE 10. 
 CHANGE OF TRUSTEE 
 10.1 Resignation 

The Trustee, or any trustee hereafter appointed, may at any time resign by giving written notice of such resignation to the Company and EMS LP
specifying the date on which it desires to resign, provided that such notice shall not be given less than 30 days before such desired resignation date unless the Company and EMS LP otherwise agree, and provided further that such
resignation shall not take effect until the date of the appointment of a successor trustee and the acceptance of such appointment by the successor trustee. Upon receiving such notice of resignation, the Company and EMS LP shall promptly appoint a
successor trustee, by written instrument, one copy of which shall be delivered to the resigning trustee and one copy to the successor trustee, provided, that the appointment of any successor trustee shall be subject to the consent of
Beneficiaries holding at least a majority of the LP Exchangeable Units, given in accordance with Section 9.2 of the Exchangeable Unit Provisions. Failing the appointment and acceptance of a successor trustee, a successor trustee may be
appointed by order of a court of competent jurisdiction upon application of one or more of the parties to this Agreement. If the retiring trustee is the party initiating an application for the appointment of a successor trustee by order of a court
of competent jurisdiction, the Company and EMS LP shall be jointly and severally liable to reimburse the retiring trustee for its legal costs and expenses in connection with same. 
 10.2 Removal 
 The Trustee, or any trustee hereafter appointed, may (provided a successor trustee is
appointed) be removed at any time on not less than 30 days’ prior written notice executed by the Company and Beneficiaries holding at least a majority of the LP Exchangeable Units, one copy of which shall be delivered to the trustee so removed
and one copy to the successor trustee. 
 10.3 Successor Trustee 
 Any successor trustee appointed as provided under this Agreement shall execute, acknowledge and deliver to the Company and EMS LP and to its predecessor trustee an instrument accepting such appointment. Thereupon the
resignation or removal of the predecessor trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all 
  

 18 

 the rights, powers, duties and obligations of its predecessor under this Agreement, with the like effect as if originally
named as trustee in this Agreement. However, on the written request of the Company and EMS LP or of the successor trustee, the trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of this Agreement,
execute and deliver an instrument transferring to such successor trustee all the rights and powers of the trustee so ceasing to act. Upon the request of any such successor trustee, the Company, EMS LP and such predecessor trustee shall execute any
and all instruments in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights and powers. 
 10.4 Notice
of Successor Trustee 
 Upon acceptance of appointment by a successor trustee as provided herein, the Company and EMS LP shall cause to be
mailed notice of the succession of such trustee hereunder to each Beneficiary specified in a List. If the Company or EMS LP shall fail to cause such notice to be mailed within 10 Business Days after acceptance of appointment by the successor
trustee, the successor trustee shall cause such notice to be mailed at the expense of the Company and EMS LP. 
 ARTICLE 11.

 SUCCESSORS 
 11.1 Certain
Requirements in Respect of Merger 
 The Company shall not consummate any Merger except in accordance with the provisions of Article 14 of
the Agreement of Limited Partnership and, if the LP Exchangeable Units will remain outstanding after such Merger, the Company may consummate such Merger only if, to the satisfaction of the Trustee, acting reasonably, and in the opinion of legal
counsel to the Trustee, the Merger includes such terms and conditions as substantially to preserve and not to impair in any material respect any of the rights, duties, powers and authorities of the Trustee or of the Beneficiaries hereunder.

 11.2 Vesting of Powers in Successor 
 Whenever the conditions of Section 11.1 have been duly observed and performed, the Trustee, the Successor and EMS LP shall, if required by Section 11.1, execute and deliver the supplemental trust agreement provided for in Article
12 and thereupon the Successor shall possess and from time to time may exercise each and every right and power of the Company under this Agreement in the name of the Company or otherwise and any act or proceeding by any provision of this Agreement
required to be done or performed by the Board of Directors or any officers of the Company may be done and performed with like force and effect by the directors or officers of such Successor. 
 11.3 Wholly-Owned Subsidiaries 
 Nothing herein shall
be construed as preventing the merger of any wholly-owned direct or indirect subsidiary of the Company (other than EMS LP) with or into the Company or the winding-up, liquidation or dissolution of any wholly-owned direct or indirect subsidiary of
the Company (other than EMS LP), provided that all of the assets of such subsidiary are transferred to the Company or another wholly-owned direct or indirect subsidiary of the Company, or any other distribution of the assets of any
wholly-owned direct or indirect subsidiary of the Company among its stockholders, and any such transactions are expressly permitted by this Article 11. 
  

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 ARTICLE 12. 
 AMENDMENTS; SUPPLEMENTAL TRUST AGREEMENTS 
 12.1 Amendments, Modifications, etc. 
 Subject to Sections 12.2, 12.4 and 14.2, this Agreement may not be amended or modified except by an agreement in writing executed by the Company, EMS LP
and the Trustee and approved by the Beneficiaries in accordance with Section 9.2 of the Exchangeable Unit Provisions. 
 12.2 Ministerial Amendments

 Notwithstanding the provisions of Section 12.1, the parties to this Agreement may in writing, at any time and from time to time,
without the approval of the Beneficiaries, amend or modify this Agreement for the purposes of: 
 (a) adding to the covenants of any or all
parties hereto for the protection of the Beneficiaries hereunder provided that the General Partner and the Board of Directors shall be of the good faith opinion that such additions will not be prejudicial to the rights or interests of the
Beneficiaries; 
 (b) making such amendments or modifications not inconsistent with this Agreement as may be necessary or desirable with
respect to matters or questions which, in the good faith opinion of the General Partner and the Board of Directors and in the opinion of the Trustee, having in mind the best interests of the Beneficiaries it may be expedient to make, provided that
such Board of Directors and the Trustee, acting on the advice of counsel, shall be of the opinion that such amendments and modifications will not be prejudicial to the interests of the Beneficiaries; or 
 (c) making such changes or corrections which, on the advice of counsel to the Company, EMS LP and the Trustee, are required for the purpose of curing or
correcting any ambiguity or defect or inconsistent provision or clerical omission or mistake or manifest error, provided that the Trustee, acting on the advice of counsel, and the Board of Directors of each of the Company and the general partner of
EMS LP shall be of the opinion that such changes or corrections will not be prejudicial to the rights and interests of the Beneficiaries. 
 12.3 Changes
in Capital of the Company and EMS LP 
 At all times after the occurrence of any event contemplated pursuant to Section 14.5, 14.6 or
14.7 of the Agreement of Limited Partnership or otherwise, as a result of which either the Class B Common Stock or the LP Exchangeable Units or both are in any way changed, this Agreement shall forthwith be amended and modified as necessary in order
that it shall apply with full force and effect, to all new securities into which the Class B Common Stock or the LP Exchangeable Units or both are so changed and the parties hereto shall execute and deliver a supplemental trust agreement giving
effect to and evidencing such necessary amendments and modifications. 
 12.4 Execution of Supplemental Trust Agreements 
 No amendment to or modification or waiver of any of the provisions of this Agreement otherwise permitted hereunder shall be effective unless made in
writing and signed by all of the parties hereto. From time to time EMS LP (upon authorization by the General Partner), the Company (when authorized by a resolution of its Board of Directors) and the Trustee may, subject to the provisions of these
presents, and they shall, when so directed by these presents, execute and deliver by their proper officers, trust agreements or other instruments supplemental hereto, which thereafter shall form part hereof, for any one or more of the following
purposes: 
 (a) evidencing the succession of Successors and the covenants of and obligations assumed by each such Successor in accordance
with the provisions of Article 11 and the successors of any successor trustee in accordance with the provisions of Article 10; 
  

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 (b) making any additions to, deletions from or alterations of the provisions of this Agreement or the
Voting Rights, the Exchange Right or the Automatic Exchange Rights which, in the opinion of the Trustee, will not be prejudicial to the interests of the Beneficiaries or are, in the opinion of counsel to the Trustee, necessary or advisable in order
to incorporate, reflect or comply with any legislation the provisions of which apply to the Company, EMS LP, the Trustee or this Agreement; and 
 (c) for any other purposes not inconsistent with the provisions of this Agreement, including without limitation, to make or evidence any amendment or modification to this Agreement as contemplated hereby, provided that, in the opinion of
the Trustee, the rights of the Trustee and Beneficiaries will not be prejudiced thereby. 
 ARTICLE 13. 
 TERMINATION 
 13.1 Term 
 The Trust created by this Agreement and the term of this Agreement shall continue until the earliest to occur of the following events: 
 (a) no outstanding LP Exchangeable Units are held by a Beneficiary; and 
 (b) each of the Company and EMS LP elects in writing to terminate the Trust and such termination is approved by the Beneficiaries in accordance with Section 9.2 of the Exchangeable Unit Provisions. 
 13.2 Survival of Certain Provisions 
 The provisions
of Articles 8 and 9 shall survive any termination of this Agreement. 
 ARTICLE 14. 
 MISCELLANEOUS 
 14.1 Interpretation Not Affected by
Headings, etc. 
 The division of this Agreement into Articles, sections and other portions and the insertion of headings are for
convenience of reference only and should not affect the construction or interpretation of this Agreement. Unless otherwise indicated, all references to an “Article” or “section” followed by a number and/or a letter refer to the
specified Article or section of this Agreement. The terms “this Agreement”, “hereof”, “herein” and “hereunder” and similar expressions refer to this Agreement and not to any particular Article, section or
other portion hereof and include any agreement or instrument supplementary or ancillary hereto. 
 14.2 Severability 
 If any provision of this Agreement is held to be invalid, illegal or unenforceable, the validity, legality or enforceability of the remainder of this
Agreement shall not in any way be affected or impaired thereby and the agreement shall be carried out as nearly as possible in accordance with its original terms and conditions. 
  

 21 

 14.3 Successors and Assigns 
 This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns and to the benefit of the Beneficiaries. 
 14.4 Notices to Parties 
 All notices and other
communications between the parties hereunder shall be in writing and shall be deemed to have been given if delivered personally or by confirmed telecopy to the parties at the following addresses (or at such other address for such party as shall be
specified in like notice): 
  

			
	(a)	  	if to the Company or EMS LP, at:
		  	6200 S. Syracuse Way
		  	Greenwood Village, Colorado 80111
		  	Attention: General Counsel
		  	Facsimile No.:
		
	(b)	  	if to the Trustee, at:
		  	Onex Corporation
		  	161 Bay Street
		  	P.O. Box 700
		  	Toronto, Ontario M5J 2S1
		  	Attention: General Counsel
		  	Facsimile No.: (416) 362-5765
		
		  	with a copy to:
		  	Kaye Scholer LLP
		  	425 Park Avenue
		  	New York, NY 10022
		  	Attention: Joel I. Greenberg
		  	                and Lynn Toby Fisher
		  	Facsimile No.: (212) 836-8689

 Any notice or other communication given personally shall be deemed to have been given and received
upon delivery thereof and if given by facsimile shall be deemed to have been given and received on the date of receipt thereof unless such day is not a Business Day in which case it shall be deemed to have been given and received upon the
immediately following Business Day. 
 14.5 Notice to Beneficiaries 
 Any and all notices to be given and any documents to be sent to any Beneficiaries may be given or sent to the address of such Beneficiary shown on the register of holders of LP Exchangeable Units in any manner
permitted by the Agreement of Limited Partnership from time to time in force in respect of notices to Beneficiaries and shall be deemed to be received (if given or sent in such manner) at the time specified in such Agreement of Limited Partnership.

 14.6 Counterparts 
 This Agreement may
be executed in counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. 
  

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 14.7 Consent to Jurisdiction; Venue; Jury Trial 
 The parties hereby irrevocably and unconditionally consent to submit to the exclusive jurisdiction of the courts of the State of New York, New York County
and the United States District Court for the Southern District of New York for any actions, suits or proceedings arising out of or relating to this Agreement and the transactions contemplated hereby (and agree not to commence any action, suit or
proceeding relating thereto except in such courts). The parties hereby irrevocably and unconditionally waive any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby
in the courts of the State of New York, New York County and the United States District Court for the Southern District of New York, and hereby further irrevocably and unconditionally waive and agree not to plead or claim in any such court that any
such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 
 EACH OF THE PARTIES HERETO
IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 [Signature page follows.] 
  

 23 

 IN WITNESS WHEREOF the parties hereto have caused this Agreement to be duly executed as of the date first
above written. 
  

			
	 EMERGENCY MEDICAL SERVICES
 CORPORATION

		
	By:	 	 /s/ Todd G. Zimmerman

	Name:	 	Todd G. Zimmerman
	Title:	 	Executive Vice President and
		 	Secretary
	
	EMERGENCY MEDICAL SERVICES L.P.
	By: EMSC, Inc., its general partner
		
	By:	 	 /s/ Todd G. Zimmerman

	Name:	 	Todd G. Zimmerman
	Title:	 	Secretary
	
	Onex Corporation
		
	By:	 	 /s/ Donald W. Lewtas

	Name:	 	Donald W. Lewtas
	Title:	 	Managing Directors
		
	By:	 	 /s/ Christopher A. Govan

	Name:	 	Christopher A. Govan
	Title:	 	Managing Directors

 [Signature Page to Voting and Exchange Trust Agreement] 
  

 24

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