Document:

Exhibit 10.2

 Exhibit 10.2 

EXECUTION COPY 

$3,000,000,000 

FIVE-YEAR REVOLVING CREDIT AGREEMENT 

among 

DOMINION RESOURCES, INC., 

VIRGINIA ELECTRIC AND POWER COMPANY, 

CONSOLIDATED NATURAL GAS COMPANY, 

The Several Lenders from Time to Time Parties Hereto, 

JPMORGAN CHASE BANK, N.A., 

as Administrative Agent, 

CITIBANK, N.A., 

as Syndication Agent, 

BARCLAYS BANK PLC, 

THE BANK OF NOVA SCOTIA AND 

WACHOVIA BANK, NATIONAL ASSOCIATION, 

as Co-Documentation Agents 
  

 
 J.P. MORGAN
SECURITIES INC. AND 
 CITIGROUP GLOBAL MARKETS INC., 

as Joint Lead Arrangers and Joint Bookrunners 

Dated as of February 28, 2006 

 Table of Contents 

 

					
	 	  	 	  	Page
	SECTION 1. DEFINITIONS AND ACCOUNTING TERMS	  	1
			
	 1.1
	  	Definitions	  	1
	 1.2
	  	Computation of Time Periods; Other Definitional Provisions	  	15
	 1.3
	  	Accounting Terms	  	15
	 1.4
	  	Time	  	15
		
	SECTION 2. LOANS	  	15
			
	 2.1
	  	Revolving Loan Commitment	  	15
	 2.2
	  	Method of Borrowing for Revolving Loans	  	18
	 2.3
	  	Funding of Revolving Loans	  	19
	 2.4
	  	Minimum Amounts of Revolving Loans	  	20
	 2.5
	  	Reductions of Revolving Loan Commitment	  	20
	 2.6
	  	Revolving Loan Commitment Increase	  	20
	 2.7
	  	Notes	  	21
	 2.8
	  	Extension of Maturity Date	  	22
		
	SECTION 3. PAYMENTS	  	23
			
	 3.1
	  	Interest	  	23
	 3.2
	  	Prepayments	  	24
	 3.3
	  	Payment in Full at Maturity	  	24
	 3.4
	  	Fees	  	25
	 3.5
	  	Place and Manner of Payments	  	25
	 3.6
	  	Pro Rata Treatment	  	25
	 3.7
	  	Computations of Interest and Fees	  	26
	 3.8
	  	Sharing of Payments	  	26
	 3.9
	  	Evidence of Debt	  	27
		
	SECTION 4. ADDITIONAL PROVISIONS REGARDING LOANS	  	28
			
	 4.1
	  	Eurodollar Loan Provisions	  	28
	 4.2
	  	Capital Adequacy	  	29
	 4.3
	  	Compensation	  	29
	 4.4
	  	Taxes	  	30
	 4.5
	  	Mitigation; Mandatory Assignment	  	32
		
	SECTION 5. LETTERS OF CREDIT	  	32
			
	 5.1
	  	L/C Commitment	  	32
	 5.2
	  	Procedure for Issuance of Letter of Credit	  	33
	 5.3
	  	Fees and Other Charges	  	33

					
	 5.4
	  	L/C Participations	  	34
	 5.5
	  	Reimbursement Obligation of the Borrowers	  	34
	 5.6
	  	Obligations Absolute	  	35
	 5.7
	  	Letter of Credit Payments	  	35
	 5.8
	  	Applications	  	35
		
	 SECTION 6. CONDITIONS PRECEDENT
	  	36
			
	 6.1
	  	Closing Conditions	  	36
	 6.2
	  	Conditions to Loans and Letters of Credit	  	37
		
	 SECTION 7. REPRESENTATIONS AND WARRANTIES
	  	38
			
	 7.1
	  	Organization and Good Standing	  	38
	 7.2
	  	Due Authorization	  	38
	 7.3
	  	No Conflicts	  	39
	 7.4
	  	Consents	  	39
	 7.5
	  	Enforceable Obligations	  	39
	 7.6
	  	Financial Condition	  	39
	 7.7
	  	No Default	  	40
	 7.8
	  	Indebtedness	  	40
	 7.9
	  	Litigation	  	40
	 7.10
	  	Taxes	  	40
	 7.11
	  	Compliance with Law	  	40
	 7.12
	  	ERISA	  	40
	 7.13
	  	Government Regulation	  	41
	 7.14
	  	Solvency	  	41
		
	 SECTION 8. AFFIRMATIVE COVENANTS
	  	41
			
	 8.1
	  	Information Covenants	  	41
	 8.2
	  	Preservation of Existence and Franchises	  	42
	 8.3
	  	Books and Records	  	43
	 8.4
	  	Compliance with Law	  	43
	 8.5
	  	Payment of Taxes	  	43
	 8.6
	  	Insurance	  	43
	 8.7
	  	Performance of Obligations	  	43
	 8.8
	  	ERISA	  	43
	 8.9
	  	Use of Proceeds	  	44
	 8.10
	  	Audits/Inspections	  	44
	 8.11
	  	Total Funded Debt to Capitalization	  	45
		
	 SECTION 9. NEGATIVE COVENANTS
	  	45
			
	 9.1
	  	Nature of Business	  	45
	 9.2
	  	Consolidation and Merger	  	45
	 9.3
	  	Sale or Lease of Assets	  	45

  

 ii 

					
	 9.4
	  	Limitation on Liens	  	46
	 9.5
	  	Fiscal Year	  	46
		
	 SECTION 10. EVENTS OF DEFAULT
	  	46
			
	 10.1
	  	Events of Default	  	46
	 10.2
	  	Acceleration; Remedies	  	49
	 10.3
	  	Allocation of Payments After Event of Default	  	50
		
	 SECTION 11. AGENCY PROVISIONS
	  	51
			
	 11.1
	  	Appointment	  	51
	 11.2
	  	Delegation of Duties	  	51
	 11.3
	  	Exculpatory Provisions	  	51
	 11.4
	  	Reliance on Communications	  	52
	 11.5
	  	Notice of Default	  	52
	 11.6
	  	Non-Reliance on Administrative Agent and Other Lenders	  	53
	 11.7
	  	Indemnification	  	53
	 11.8
	  	Administrative Agent in Its Individual Capacity	  	54
	 11.9
	  	Successor Administrative Agent	  	54
		
	 SECTION 12. MISCELLANEOUS
	  	54
			
	 12.1
	  	Notices	  	54
	 12.2
	  	Right of Set-Off; Adjustments	  	55
	 12.3
	  	Benefit of Agreement	  	55
	 12.4
	  	No Waiver; Remedies Cumulative	  	58
	 12.5
	  	Payment of Expenses, etc	  	59
	 12.6
	  	Amendments, Waivers and Consents	  	59
	 12.7
	  	Counterparts; Telecopy	  	60
	 12.8
	  	Headings	  	60
	 12.9
	  	Defaulting Lender	  	60
	 12.10
	  	Survival of Indemnification and Representations and Warranties	  	61
	 12.11
	  	GOVERNING LAW	  	61
	 12.12
	  	WAIVER OF JURY TRIAL	  	61
	 12.13
	  	Severability	  	61
	 12.14
	  	Entirety	  	61
	 12.15
	  	Binding Effect	  	61
	 12.16
	  	Submission to Jurisdiction	  	62
	 12.17
	  	Confidentiality	  	62
	 12.18
	  	Designation of SPVs	  	62
	 12.19
	  	USA Patriot Act	  	63

  

 iii 

			
	SCHEDULES
		
	 Schedule 1.1
	 	Commitment Percentages
	 Schedule 5.1
	 	Existing Letters of Credit
	 Schedule 7.8
	 	Indebtedness
	 Schedule 12.1
	 	Notices
		
	EXHIBITS	 	
		
	 Exhibit 2.1(b)(ii)
	 	Form of Competitive Bid Request
	 Exhibit 2.2(a)
	 	Form of Notice of Borrowing
	 Exhibit 2.2(c)
	 	Form of Notice of Conversion/Continuation
	 Exhibit 2.7(a)
	 	Form of Revolving Loan Note
	 Exhibit 2.7(b)
	 	Form of Competitive Bid Loan Note
	 Exhibit 2.8(a)
	 	Form of Extension of Maturity Date Request
	 Exhibit 2.8(b)
	 	Form of Extension of Maturity Date Certificate
	 Exhibit 6.1(c)
	 	Form of Closing Certificate
	 Exhibit 6.1(f)
	 	Form of Legal Opinion
	 Exhibit 8.1(c)
	 	Form of Officer’s Certificate
	 Exhibit 12.3
	 	Form of Assignment Agreement

  

 iv 

 5-YEAR 

CREDIT AGREEMENT 

5-YEAR CREDIT AGREEMENT (this “Credit Agreement”), dated as of February 28, 2006 among DOMINION RESOURCES, INC., a
Virginia corporation, VIRGINIA ELECTRIC AND POWER COMPANY, a Virginia corporation, CONSOLIDATED NATURAL GAS COMPANY, a Delaware corporation (each of the above, individually, a “Borrower” and collectively, the
“Borrowers”), the several banks and other financial institutions from time to time parties to this Credit Agreement (each a “Lender” and, collectively, the “Lenders”), JPMORGAN CHASE BANK, N.A., a
national banking association, as administrative agent for the Lenders hereunder (in such capacity, the “Administrative Agent”), CITIBANK, N.A., as Syndication Agent, and BARCLAYS BANK PLC, THE BANK OF NOVA SCOTIA and WACHOVIA BANK,
NATIONAL ASSOCIATION, as Co-Documentation Agents. 
 The parties hereto hereby agree as follows: 

SECTION 1. DEFINITIONS AND ACCOUNTING TERMS 

1.1 Definitions. 

As used herein, the following terms shall have the meanings herein specified unless the context otherwise requires. Defined terms herein
shall include in the singular number the plural and in the plural the singular: 
 “Absolute Rate Competitive Bid
Loan” means a Competitive Bid Loan bearing interest at a fixed percentage rate per annum as requested by the relevant Borrower and as specified in the Competitive Bid made by the Lender in connection with such Competitive Bid Loan.

 “Additional Lender” shall have the meaning set forth in Section 2.6(b). 

“Additional Lender Supplement” shall have the meaning set forth in Section 2.6(b) 

“Adjusted Base Rate” means with respect to any Borrower the Base Rate plus the Applicable Percentage for Base Rate Loans
for the relevant Borrower. 
 “Adjusted Eurodollar Rate” means with respect to any Borrower the Eurodollar Rate
plus the Applicable Percentage for Eurodollar Loans for the relevant Borrower. 
 “Administrative Agent” means
JPMorgan Chase Bank, N.A. and any successors and assigns in such capacity. 
 “Affiliate” means, with respect
to any Person, any other Person directly or indirectly controlling (including but not limited to all directors and officers of such Person), controlled by or under direct or indirect common control with such Person. A Person shall be deemed to
control a corporation if such Person possesses, directly or indirectly, the power (i) to 

 
vote 20% or more of the securities having ordinary voting power for the election of directors of such corporation or (ii) to direct or cause direction of the management and policies of such
corporation, whether through the ownership of voting securities, by contract or otherwise. 
 “Applicable
Percentage” means, for Revolving Loans made to, and Utilization Fees payable by, each Borrower, the appropriate applicable percentages, in each case, corresponding to the Rating of the relevant Borrower in effect from time to time as shown
below: 
  

															
	 Pricing
Level
	 	 Long-Term Senior Unsecured

Non-Credit Enhanced

Debt Rating of Borrower
	  	Applicable
Percentage for
Base Rate Loans	 	 	Applicable
Percentage for
Eurodollar Loans	 	 	Applicable
Percentage for
Facility Fees	 	 	Applicable
Percentage for
Utilization Fees	 
	I.	 	•A from S&P or	  	0	% 	 	.130	% 	 	.07	% 	 	.10	% 
						
		 	•A2 from Moody’s or	  			 			 			 		
						
		 	•A from Fitch	  			 			 			 		
						
	II.	 	A- from S&P or	  	0	% 	 	.170	% 	 	.08	% 	 	.10	% 
						
		 	A3 from Moody’s or	  			 			 			 		
						
		 	A- from Fitch	  			 			 			 		
						
	III.	 	BBB+ from S&P or	  	0	% 	 	.285	% 	 	.09	% 	 	.10	% 
						
		 	Baa1 from Moody’s or	  			 			 			 		
						
		 	BBB+ from Fitch	  			 			 			 		
						
	IV.	 	BBB from S&P or	  	0	% 	 	.365	% 	 	.11	% 	 	.10	% 
						
		 	Baa2 from Moody’s or	  			 			 			 		
						
		 	BBB from Fitch	  			 			 			 		
						
	V.	 	BBB- from S&P or	  	0	% 	 	.450	% 	 	.15	% 	 	.10	% 
						
		 	Baa3 from Moody’s or	  			 			 			 		
						
		 	BBB- from Fitch	  			 			 			 		
						
	VI.	 	BB+ from S&P or	  	0	% 	 	.675	% 	 	.20	% 	 	.10	% 
						
		 	Ba1 from Moody’s or	  			 			 			 		
						
		 	BB+ from Fitch	  			 			 			 		
						
	VII.	 	<BB+ from S&P or	  	0	% 	 	.750	% 	 	.25	% 	 	.10	% 
						
		 	<Ba1 from Moody’s or	  			 			 			 		
						
		 	< BB+ from Fitch	  			 			 			 		

  

 2 

 Notwithstanding the above, if at any time there is a split in Ratings between S&P, Moody’s and
Fitch and (i) two Ratings are equal and higher than the third, the higher Rating will apply, (ii) two Ratings are equal and lower than the third, the lower Rating will apply or (iii) no Ratings are equal, the intermediate Rating will
apply. In the event that the Borrower shall maintain Ratings from only two of S&P, Moody’s and Fitch and the Borrower is split-rated and (x) the Ratings differential is one level, the higher Rating will apply and (y) the Ratings
differential is two levels or more, the level one level lower than the higher Rating will apply. 
 The Applicable Percentages
shall be determined and adjusted on the date of any applicable change in the Rating of the relevant Borrower. Any adjustment in the Applicable Percentages shall be applicable to all existing Loans as well as any new Loans. 

The Applicable Percentage for the Facility Fees payable by DRI shall be the appropriate applicable percentages from time to time, as
shown above, calculated based on the Ratings of the lowest rated Borrower at such time. These lowest Ratings shall be determined based upon the Rating for the relevant Borrower in effect on such day as published by S&P, Moody’s and Fitch;
it being understood that the initial Applicable Percentages for Facility Fees are based on Pricing Level III (as shown above) and shall remain at Pricing Level III until an applicable change in the Ratings of the lowest rated Borrower. The Borrower
shall at all times maintain a Rating from at least two of S&P, Moody’s and Fitch. If at any time the Borrower does not have a Rating from at least two of S&P, Moody’s and Fitch, the Applicable Percentages shall be set at Pricing
Level VII. 
 Each Borrower shall promptly deliver to the Administrative Agent, at the address set forth on Schedule
12.1, information regarding any change in the Rating of such Borrower that would change the existing Pricing Level (as set forth in the chart above) with respect to such Borrower and/or the Facility Fees. 

“Application” means an application, in such form as the Issuing Lender may specify from time to time, requesting the
Issuing Lender to issue a Letter of Credit. 
 “Bankruptcy Code” means the Bankruptcy Code in Title 11 of the
United States Code, as amended, modified, succeeded or replaced from time to time. 
 “Base Rate” means, for
any day, a simple rate per annum equal to the greater of (a) the Prime Rate for such day or (b) the sum of one-half of one percent (.50%) plus the Federal Funds Rate for such day. 

“Base Rate Loan” means a Loan that bears interest at an Adjusted Base Rate. 

“Borrower” has the meaning set forth in the preamble hereof. 

“Business Day” means any day other than a Saturday, a Sunday, a legal holiday or a day on which banking institutions are
authorized or required by law or other governmental action to close in New York, New York; provided that in the case of Eurodollar Loans, such day is also a day on which dealings between banks are carried on in Dollar deposits in the London
interbank market. 
  

 3 

 “Capital Stock” means any and all shares, interests, participations or
other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing. 

“Capitalization” means the sum of (a) Total Funded Debt plus (b) Net Worth. 

“CGMI” means Citigroup Global Markets Inc. 

“Change of Control” means (i) with respect to Dominion Resources, the direct or indirect acquisition by any person
(as such term is defined in Section 13(d) of the Securities and Exchange Act of 1934, as amended) of beneficial ownership of more than 50% of the outstanding shares of the capital stock of Dominion Resources entitled to vote generally for the
election of directors of Dominion Resources and (ii) with respect to any other Borrower, either such Borrower shall cease to be a Subsidiary of Dominion Resources or a Change of Control shall occur with respect to Dominion Resources.

 “Closing Date” means the date hereof. 

“CNG” means Consolidated Natural Gas Company, a Delaware corporation and its successors and permitted assigns.

 “CNG Indenture” means the Indenture dated as of April 1, 1995 between CNG and United States Trust
Company of New York, as Trustee, as in effect on the date hereof and without giving effect to any modifications or supplements thereto, or terminations thereof, after the date hereof. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Commitment” means, with respect to each Lender, such Lender’s share of the Revolving Loan Commitment based upon
such Lender’s Commitment Percentage. 
 “Commitment Increase” means an increase in the Revolving Loan
Commitment as set forth in Section 2.6. 
 “Commitment Increase Supplement” has the meaning set forth in
Section 2.6(c). 
 “Commitment Percentage” means, for each Lender, the percentage identified as its
Commitment Percentage opposite such Lender’s name on Schedule 1.1 attached hereto, as such percentage may be modified in accordance with the terms of this Credit Agreement. 

“Commitment Period” means the period from the Closing Date to the Maturity Date. 

 

 4 

 “Competitive Bid” means an offer by a Lender to make a Competitive Bid Loan
to a Borrower pursuant to the terms of Section 2.1(b) hereof. 
 “Competitive Bid Loan” means a loan made
by a Lender in its discretion to a Borrower pursuant to the provisions of Section 2.1(b) hereof. 
 “Competitive
Bid Loan Notes” means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Competitive Bid Loans made to such Borrower and substantially in the form of Exhibit 2.7(b), as such
promissory notes may be amended, modified, supplemented or replaced from time to time. 
 “Competitive Bid
Rate” means, as to any Competitive Bid made by a Lender to a Borrower in accordance with the provisions of Section 2.1(b) hereof, the rate of interest offered by the Lender making the Competitive Bid (which for a Eurodollar Competitive
Bid Loan shall be a rate of interest determined by reference to the Eurodollar Rate). 
 “Competitive Bid
Request” means a request by a Borrower for Competitive Bids in the form of Exhibit 2.1(b)(ii). 

“Competitive Bid Request Fee” means $2,500 for each Competitive Bid Request made by a Borrower. 

“Consolidated Subsidiary” means, as to any Person, each Subsidiary of such Person (whether now existing or hereafter
created or acquired), the financial statements of which are consolidated with the financial statements of such Person in accordance with GAAP, including principles of consolidation. 

“Continuing Lender” has the meaning set forth in Section 2.8(b). 

“Controlled Group” means with respect to each Borrower (i) the controlled group of corporations as defined in
Section 414(b) of the Code and the applicable regulations thereunder or (ii) the group of trades or businesses under common control as defined in Section 414(c) of the Code and the applicable regulations thereunder, of which such
Borrower is a part or may become a part. 
 “Credit Documents” means this Credit Agreement, the Notes (if any),
and all other related agreements and documents issued or delivered hereunder or thereunder or pursuant hereto or thereto. 

“Credit Exposure” has the meaning set forth in the definition of “Required Lenders” below. 

“Default” means with respect to each Borrower any event, act or condition which with notice or lapse of time, or both,
would constitute an Event of Default by such Borrower. 
 “Defaulting Lender” means, at any time, any Lender
that, at such time (a) has failed to make a Loan required pursuant to the terms of this Credit Agreement, (b) has failed to pay to the Administrative Agent or any Lender an amount owed by such Lender pursuant to the terms of this Credit
Agreement or (c) has been deemed insolvent or has become subject to a bankruptcy or insolvency proceeding or to a receiver, trustee or similar official. 
  

 5 

 “Dollar”, “dollar” and “$” means lawful
currency of the United States. 
 “Dominion Resources or DRI” means Dominion Resources, Inc., a Virginia
corporation, and its successors and permitted assigns. 
 “Effective Date” has the meaning set forth in
Section 12.15 hereof. 
 “Eligible Assignee” means (a) any Lender or Affiliate or Subsidiary of a
Lender and (b) any other commercial bank, financial institution or “accredited investor” (as defined in Regulation D) that is either a bank organized or licensed under the laws of the United States of America or any State thereof or
that has agreed to provide the information listed in Section 4.4(d) to the extent that it may lawfully do so and that is approved by the Administrative Agent and DRI (such approval not to be unreasonably withheld or delayed); provided
that (i) DRI’s consent is not required pursuant to clause (a) or, with respect to clause (b), during the existence and continuation of a Default or an Event of Default, (ii) no person or entity shall be an Eligible Assignee
without the consent of the Issuing Lenders, which consent may be given or withheld in the sole discretion of the Issuing Lenders and (iii) neither the Borrowers nor any Affiliate or Subsidiary of the Borrowers shall qualify as an Eligible
Assignee. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time,
and the regulations promulgated and the rulings issued thereunder. 
 “ERISA Affiliate” means with respect to
each Borrower each person (as defined in Section 3(9) of ERISA) which together with such Borrower or any Subsidiary of such Borrower would be deemed to be a member of the same “controlled group” within the meaning of
Section 414(b), (c), (m) and (o) of the Code. 
 “Eurodollar Competitive Bid Loan” means a
Competitive Bid Loan bearing interest at a fixed rate of interest determined by reference to the Eurodollar Rate as requested by the relevant Borrower and as specified in the Competitive Bid made by the Lender in connection with such Competitive Bid
Loan. 
 “Eurodollar Loans” means a Loan that bears interest at the Eurodollar Rate (including a Eurodollar
Competitive Bid Loan). 
 “Eurodollar Rate” means with respect to any Eurodollar Loan, for the Interest Period
applicable thereto, a rate per annum determined pursuant to the following formula: 
  

			
	“Eurodollar Rate” =	 	Interbank Offered Rate                  
		 	1 - Eurodollar Reserve Percentage

“Eurodollar Reserve Percentage” means, for any day, that percentage (expressed as a decimal) which is in effect from
time to time under Regulation D, as such regulation may be amended from time to time or any successor regulation, as the maximum reserve requirement (including, without limitation, any basic, supplemental, emergency, special, or marginal

  

 6 

 
reserves) applicable with respect to Eurocurrency liabilities as that term is defined in Regulation D (or against any other category of liabilities that includes deposits by reference to which
the interest rate of Eurodollar Loans is determined), whether or not any Lender has any Eurocurrency liabilities subject to such reserve requirement at that time. Eurodollar Loans shall be deemed to constitute Eurocurrency liabilities and as such
shall be deemed subject to reserve requirements without benefits of credits for proration, exceptions or offsets that may be available from time to time to a Lender. The Eurodollar Rate shall be adjusted automatically on and as of the effective date
of any change in the Eurodollar Reserve Percentage. 
 “Eurodollar Revolving Loan” means a Revolving Loan
bearing interest at a rate of interest determined by reference to the Eurodollar Rate. 
 “Event of Default”
with respect to any Borrower has the meaning specified in Section 9.1. 
 “Exchange Act” means the
Securities and Exchange Act of 1934, as amended. 
 “Existing DRI/CNG Facility” means the $1,900,000,000 Credit
Agreement, dated as of January 11, 2006 among DRI, CNG, the lenders from time to time party thereto and Wachovia Bank, National Association, as administrative agent. 

“Existing Maturity Date” has the meaning set forth in Section 2.8(a). 

“Extension of Maturity Date Certificate” has the meaning set forth in Section 2.8(b). 

“Extension of Maturity Date Request” has the meaning set forth in Section 2.8(a). 

“Extension Period” has the meaning set forth in Section 2.8(a). 

“Facility Fee” has the meaning set forth in Section 3.4(a). 

“Federal Funds Rate” means for any day the rate per annum (rounded upward to the nearest 1/100th of 1%) equal to the
weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding
such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the immediately preceding Business Day and (b) if no such rate is so published on such
next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate quoted to the Administrative Agent on such day on such transactions as determined by the Administrative Agent. 

“Fee Payment Date” shall mean (a) the first Business Day of each January, April, July and October and (b) the
Maturity Date. 
 “Fitch” means Fitch Ratings Ltd., or any successor or assignee of the business of such
company in the business of rating securities. 
  

 7 

 “Funded Debt” means, as to any Person, without duplication: (a) all
Indebtedness of such Person for borrowed money or which has been incurred in connection with the acquisition of assets (excluding letters of credit, bankers’ acceptances, Non-Recourse Debt, Mandatorily Convertible Securities, Trust Preferred
Securities and Hybrid Equity Securities), (b) all capital lease obligations (including Synthetic Lease Obligations) of such Person and (c) all Guaranty Obligations of Funded Debt of other Persons. 

“GAAP” means generally accepted accounting principles in the United States applied on a consistent basis and subject to
Section 1.3. 
 “Governmental Authority” means any Federal, state, local or foreign court or governmental
agency, authority, instrumentality or regulatory body. 
 “Granting Lender” has the meaning set forth in
Section 12.18 hereof. 
 “Guaranty Obligations” means, in respect of any Person, any obligation,
contingent or otherwise, of such Person directly or indirectly guaranteeing any Indebtedness of another Person, including, without limitation, any obligation (a) to purchase or pay, or advance or supply funds for the purchase or payment of,
such Indebtedness or (b) entered into primarily for the purpose of assuring the owner of such Indebtedness of the payment thereof (such as, for example, but without limitation, an agreement to advance or provide funds or other support for the
payment or purchase of such Indebtedness or to maintain working capital, solvency or other balance sheet conditions of such other Person, including, without limitation, maintenance agreements, comfort letters or similar agreements or arrangements,
or to lease or purchase property, securities or services) if such obligation would constitute an indirect guarantee of indebtedness of others, the disclosure of which would be required in such Person’s financial statements under GAAP;
provided, however, that the term Guaranty Obligations shall not include (i) endorsements for deposit or collection in the ordinary course of business, (ii) obligations under purchased power contracts or (iii) obligations
of such Person otherwise constituting Guaranty Obligations under this definition to provide contingent equity support, to keep well, to purchase assets, goods, securities or services, to take or pay or to maintain financial statement conditions or
otherwise in respect of any Subsidiary or Affiliate of such Person in connection with the non-utility non-recourse financing activities of such Subsidiary or Affiliate. 

“Hybrid Equity Securities” means any securities issued by a Borrower or a financing vehicle of a Borrower that
(i) are classified as possessing a minimum of “intermediate equity content” by S&P, Basket C equity credit by Moody’s, and 50% equity credit by Fitch and (ii) require no repayments or prepayments and no mandatory
redemptions or repurchases, in each case, prior to at least 91 days after the later of the termination of the Commitments and the repayment in full of the Revolving Loans and all other amounts due under this Credit Agreement. 

“Indebtedness” means, as to any Person, without duplication: (a) all obligations of such Person for borrowed money
or evidenced by bonds, debentures, notes or similar instruments; (b) all obligations of such Person for the deferred purchase price of property or services (except trade accounts payable arising in the ordinary course of business, customer
deposits, provisions for rate refunds, deferred fuel expenses and obligations in respect of 
  

 8 

 
pensions and other post-retirement benefits); (c) all capital lease obligations of such Person; (d) all Indebtedness of others secured by a Lien on any properties, assets or revenues of
such Person (other than stock, partnership interests or other equity interests of a Borrower or any of its Subsidiaries in other entities) to the extent of the lesser of the value of the property subject to such Lien or the amount of such
Indebtedness; (e) all Guaranty Obligations; and (f) all non-contingent obligations of such Person under any letters of credit or bankers’ acceptances. 

“Interbank Offered Rate” means, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded
upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first
day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Telerate Page 3750, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if
necessary, to the nearest 1/100 of 1%). If, for any reason, such rate is not available, the term “Interbank Offered Rate” shall mean, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded upwards, if
necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for
a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/100 of
1%). 
 “Interest Payment Date” means (a) as to Base Rate Loans of any Borrower, the last day of each
fiscal quarter of such Borrower and the Maturity Date, (b) as to Eurodollar Loans of any Borrower, the last day of each applicable Interest Period and the Maturity Date and (c) as to Absolute Rate Competitive Bid Loans of any Borrower, the
last day of the Interest Period for each Absolute Rate Competitive Bid Loan and the Maturity Date. If an Interest Payment Date falls on a date which is not a Business Day, such Interest Payment Date shall be deemed to be the next succeeding Business
Day, except that in the case of Eurodollar Loans where the next succeeding Business Day falls in the next succeeding calendar month, then such Interest Payment Date shall be deemed to be the immediately preceding Business Day. 

“Interest Period” means, (a) as to Eurodollar Loans, a period of 14 days (in the case of new money borrowings) and
one, two or three months’ duration, as the relevant Borrower may elect, commencing, in each case, on the date of the borrowing (including continuations and conversions of Eurodollar Revolving Loans) and (b) with respect to Absolute Rate
Competitive Bid Loans, a period beginning on the date the Absolute Rate Competitive Bid Loan is made and ending on the date specified in the respective Competitive Bid whereby the offer to make such Absolute Rate Competitive Loan was extended, which
shall not be less than 7 days nor more than 360 days duration; provided, however, (i) if any Interest Period would end on a day which is not a Business Day, such Interest Period shall be extended to the next succeeding Business
Day (except that where the next succeeding Business Day falls in the next succeeding calendar month, then such Interest Period shall end on the next preceding Business Day), (ii) no Interest Period shall extend beyond the Maturity Date and
(iii) with respect to Eurodollar Loans, where an Interest Period begins on a day for which there is no numerically corresponding day in the calendar month in which the Interest Period is to end, such Interest Period shall end on the last
Business Day of such calendar month. 
  

 9 

 “Issuing Lender” means, with respect to any Letter of Credit, the issuer
thereof, which shall be JPMCB, Citibank, N.A., or any affiliate thereof, or one or more consenting Lenders selected by the Joint Lead Arrangers in consultation with the Borrowers, each in its capacity as issuer of any Letter of Credit. 

“Joint Lead Arrangers” means J.P. Morgan Securities Inc. and CGMI. 

“JPMCB” means JPMorgan Chase Bank, N.A. 

“L/C Commitment” means $1,500,000,000. 

“L/C Obligations” means, at any time, an amount equal to the sum of (a) the aggregate then undrawn and unexpired
amount of the then outstanding Letters of Credit and (b) the aggregate amount of drawings under Letters of Credit that have not then been reimbursed pursuant to Section 5.5. 

“L/C Participants” means the collective reference to all the Lenders other than the applicable Issuing Lender.

 “Lenders” means those banks and other financial institutions identified as such on the signature pages
hereto and such other institutions that may become Lenders pursuant to Section 12.3(b). 
 “Letter of
Credit” has the meaning set forth in Section 5.1(a). 
 “Letter of Credit Fees” has the meaning
set forth in Section 5.3(a). 
 “Lien” means any mortgage, pledge, hypothecation, assignment, deposit
arrangement, security interest, encumbrance, lien (statutory or otherwise), preference, priority or charge of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, any financing or
similar statement or notice filed under the Uniform Commercial Code as adopted and in effect in the relevant jurisdiction or other similar recording or notice statute, and any lease in the nature thereof). 

“Loan” means any loan made by any Lender pursuant to this Credit Agreement. 

“Mandatorily Convertible Securities” means any mandatorily convertible equity-linked securities issued by a Borrower, so
long as the terms of such securities require no repayments or prepayments and no mandatory redemptions or repurchases, in each case prior to at least 91 days after the later of the termination of the Commitments and the repayment in full of the
Loans and all other amounts due under this Credit Agreement. 
 “Material Adverse Effect” means with respect to
any Borrower a material adverse effect, after taking into account applicable insurance, if any, on (a) the operations, financial condition or business of such Borrower, (b) the ability of such Borrower to perform its

  

 10 

 
obligations under this Credit Agreement or (c) the validity or enforceability of this Credit Agreement or any of the other Credit Documents against such Borrower, or the rights and remedies
of the Lenders against such Borrower hereunder or thereunder; provided, however, that a transfer of assets permitted under and in compliance with Section 9.3 shall not be considered to have a Material Adverse Effect. 

“Material Subsidiary” shall mean with respect to any Borrower, a Subsidiary of such Borrower whose total assets (as
determined in accordance with GAAP) represent at least 20% of the total assets of such Borrower, on a consolidated basis. 

“Maturity Date” means the fifth anniversary of the Closing Date or such later date as shall be determined pursuant to
the provisions of Section 2.8, or if such date is not a Business Day, the Business Day next succeeding such date. 

“Moody’s” means Moody’s Investors Service, Inc., or any successor or assignee of the business of such company
in the business of rating securities. 
 “Multiemployer Plan” means at any time an employee pension benefit
plan within the meaning of Section 4001(a)(3) of ERISA to which any member of the Controlled Group is then making or accruing an obligation to make contributions or has within the preceding five plan years made contributions, including for
these purposes any Person which ceased to be a member of the Controlled Group during such five year period but only with respect to the period during which such Person was a member of the Controlled Group. 

“Net Worth” means with respect to any Borrower, as of any date, the shareholders’ equity or net worth of such
Borrower and its Consolidated Subsidiaries (including, but not limited to, the value of any Mandatorily Convertible Securities, Trust Preferred Securities, Hybrid Equity Securities and Preferred Stock; but, excluding the accumulated other
comprehensive income or loss component of shareholders’ equity), on a consolidated basis, as determined in accordance with GAAP. 

“Non-Recourse Debt” means Indebtedness (a) as to which no Borrower (i) provides credit support of any kind
(including any undertaking, agreement or instrument that would constitute Indebtedness), (ii) is directly or indirectly liable as a guarantor or otherwise, or (iii) constitutes the lender; (b) no default with respect to which would
permit upon notice, lapse of time or both any holder of any other Indebtedness (other than the Loans or the Notes) of any Borrower to declare a default on such other Indebtedness or cause the payment thereof to be accelerated or payable prior to its
stated maturity; and (c) as to which the lenders will not have any recourse to the stock or assets of any Borrower (other than the specific assets pledged to secure such Indebtedness) and the relevant legal documents so provide. 

“Non-Regulated Assets” means with respect to any Borrower, the operations that are not regulated by a Governmental
Authority (i.e. merchant generation, exploration and production, producer services or retail supply assets of the Borrower). 

“Notes” means the collective reference to the Revolving Loan Notes and the Competitive Bid Loan Notes of the Borrowers.

  

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 “Notice of Borrowing” means a request by a Borrower for a Loan in the form
of Exhibit 2.2(a). 
 “Notice of Continuation/Conversion” means a request by a Borrower for the
continuation or conversion of a Loan in the form of Exhibit 2.2(c). 
 “Offered Increase Amount” has the
meaning set forth in Section 2.6(a). 
 “Other Taxes” has the meaning set forth in Section 4.4(b)
hereof. 
 “PBGC” means the Pension Benefit Guaranty Corporation established under ERISA and any successor
thereto. 
 “Pension Plans” has the meaning set forth in Section 8.8 hereof. 

“Person” means any individual, partnership, joint venture, firm, corporation, limited liability company, association,
trust or other enterprise (whether or not incorporated), or any government or political subdivision or any agency, department or instrumentality thereof. 

“Plan” means any single-employer plan as defined in Section 4001 of ERISA, which is maintained, or at any time
during the five calendar years preceding the date of this Credit Agreement was maintained, for employees of a Borrower, any Subsidiary of a Borrower or any ERISA Affiliate of a Borrower. 

“Preferred Stock” means any Capital Stock issued by a Borrower that is entitled to preference or priority over any other
Capital Stock of such Borrower in respect of the payment of dividends or distribution of assets upon liquidation, or both. 

“Prime Rate” means the per annum rate of interest established from time to time by JPMCB at its principal office in New
York, New York as its Prime Rate. Any change in the interest rate resulting from a change in the Prime Rate shall become effective as of 12:01 a.m. of the Business Day on which each change in the Prime Rate is announced by the Administrative Agent.
The Prime Rate is a reference rate used by the Administrative Agent in determining interest rates on certain loans and is not intended to be the lowest rate of interest charged on any extension of credit to any debtor. 

“Rating” means the rating assigned by S&P, Moody’s or Fitch to a Borrower based on such Borrower’s senior,
unsecured, non-credit-enhanced obligations. 
 “Register” has the meaning set forth in Section 12.3(c).

 “Regulation A, D, T, U or X” means Regulation A, D, T, U or X, respectively, of the Board of Governors of
the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof. 

“Reimbursement Obligation” means the obligation of the Borrowers to reimburse the Issuing Lenders pursuant to
Section 5.5 for amounts drawn under Letters of Credit. 
  

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 “Reportable Event” means a “reportable event” as defined in
Section 4043 of ERISA with respect to which the notice requirements to the PBGC have not been waived. 
 “Requested
Maturity Date” has the meaning set forth in Section 2.8(a). 
 “Required Lenders” means Lenders
whose aggregate Credit Exposure (as hereinafter defined) constitutes more than 50% of the aggregate Credit Exposure of all Lenders at such time; provided, however, that if any Lender shall be a Defaulting Lender at such time then there
shall be excluded from the determination of Required Lenders the aggregate principal amount of Credit Exposure of such Lender at such time. For purposes of the preceding sentence, the term “Credit Exposure” as applied to each Lender
shall mean (a) at any time prior to the termination of the Commitments, the Commitment Percentage of such Lender multiplied by the Revolving Loan Commitment and (b) at any time after the termination of the Commitments, the sum of
(i) the outstanding amount of Loans owed to such Lender and (ii) such Lender’s Commitment Percentage of the L/C Obligations then outstanding. 

“Revolving Loan” means a Loan made by the Lenders to a Borrower pursuant to Section 2.1(a) hereof. 

“Revolving Loan Commitment” means Three Billion Dollars ($3,000,000,000), as such amount may be otherwise reduced in
accordance with Section 2.5 or increased in accordance with Section 2.6. 
 “Revolving Loan Commitment
Increase Notice” has the meaning set forth in Section 2.6(a). 
 “Revolving Loan Notes” means
with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified,
supplemented or replaced from time to time. 
 “S&P” means Standard & Poor’s Ratings Group, a
division of McGraw Hill, Inc., or any successor or assignee of the business of such division in the business of rating securities. 

“Solvent” means, with respect to any Person as of a particular date, that on such date (a) the fair saleable value
(on a going concern basis) of such Person’s assets exceeds its liabilities, contingent or otherwise, fairly valued, (b) such Person will be able to pay its debts as they become due, (c) such Person does not have unreasonably small
capital with which to satisfy all of its current and reasonably anticipated obligations and (d) such Person does not intend to incur nor does it reasonably anticipate that it will incur debts beyond its ability to pay as such debts become due.

 “SPV” has the meaning set forth in Section 12.18 hereof. 

“Subsidiary” means, as to any Person, (a) any corporation more than 50% of whose stock of any class or classes
having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time, any class or classes of such corporation shall have or might have voting power by reason of the
happening 
  

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of any contingency) is at the time owned by such Person directly or indirectly through Subsidiaries and (b) any partnership, association, joint venture or other entity in which such Person
directly or indirectly through Subsidiaries has more than 50% equity interest at any time. 
 “Synthetic Lease”
means each arrangement, however described, under which the obligor accounts for its interest in the property covered thereby under GAAP as lessee of a lease which is not a capital lease under GAAP and accounts for its interest in the property
covered thereby for federal income tax purposes as the owner. 
 “Synthetic Lease Obligation” means, as to any
Person with respect to any Synthetic Lease at any time of determination, the amount of the liability of such Person in respect of such Synthetic Lease that would (if such lease was required to be classified and accounted for as a capital lease on a
balance sheet of such Person in accordance with GAAP) be required to be capitalized on the balance sheet of such Person at such time. 

“Taxes” has the meaning set forth in Section 4.4(a). 

“Terminating Lender” has the meaning set forth in Section 2.8(a). 

“Total Funded Debt” means with respect to each Borrower all Funded Debt of such Borrower and its Consolidated
Subsidiaries, on a consolidated basis, as determined in accordance with GAAP. 
 “Trust Preferred Securities”
means the trust preferred securities issued by a subsidiary capital trust established by any of the Borrowers outstanding on the date hereof and reflected as such in the financial statements of Dominion Resources for the fiscal year ended
December 31, 2004, and any additional trust preferred securities that are substantially similar thereto, along with the junior subordinated debt obligations of the Borrowers, so long as (a) the terms thereof require no repayments or
prepayments and no mandatory redemptions or repurchases, in each case prior to at least 91 days after the later of the termination of the Commitments and the repayment in full of the Loans and all other amounts due under this Credit Agreement,
(b) such securities are subordinated and junior in right of payment to all obligations of the Borrowers for or in respect of borrowed money and (c) the obligors in respect of such preferred securities and subordinated debt have the right
to defer interest and dividend payments, in each case to substantially the same extent as such currently outstanding preferred securities or on similar terms customary for trust preferred securities and not materially less favorable to the interests
of the Borrowers or the Lenders. 
 “Utilization Fees” has the meaning set forth in Section 3.4(b).

 “Utilized Revolving Commitment” means, for any Borrower for any day from the Closing Date to the Maturity
Date, an amount equal to the sum of (a) the aggregate principal amount of all Loans outstanding on such day to such Borrower and (b) the aggregate L/C Obligations then outstanding. 

“VaPower” means Virginia Electric and Power Company, a Virginia corporation and its successors and assigns. 

 

 14 

 “VaPower Indenture” means the first mortgage bond indenture, dated
November 1, 1935, by and between VaPower and The Chase Manhattan Bank, as supplemented and amended. 
 “Wholly
Owned Subsidiary” means, as to any Person, any other Person all of the Capital Stock of which (other than de minimis directors’ qualifying shares or local ownership shares required by law and outstanding publicly owned Preferred Stock
of VaPower) is owned by such Person directly and/or through other Wholly Owned Subsidiaries. 
 1.2 Computation of Time
Periods; Other Definitional Provisions. 
 For purposes of computation of periods of time hereunder, the word
“from” means “from and including” and the words “to” and “until” each mean “to but excluding.” References in this Credit Agreement to “Sections”, “Schedules” and
“Exhibits” shall be to Sections, Schedules or Exhibits of or to this Credit Agreement unless otherwise specified. 

1.3 Accounting Terms. 

Except as otherwise expressly provided herein, all accounting terms used herein shall be interpreted, and all financial statements and
certificates and reports as to financial matters required to be delivered to the Lenders hereunder shall be prepared, in accordance with GAAP applied on a consistent basis. All calculations made for the purposes of determining compliance with this
Credit Agreement shall (except as otherwise expressly provided herein) be made by application of GAAP applied on a basis consistent with the most recent annual or quarterly financial statements delivered pursuant to Section 8.1 (or, prior to
the delivery of the first financial statements pursuant to Section 8.1, consistent with the financial statements described in Section 6.1(g)); provided, however, if (a) a Borrower shall object to determining such
compliance on such basis at the time of delivery of such financial statements due to any change in GAAP or the rules promulgated with respect thereto or (b) the Administrative Agent or the Required Lenders shall so object in writing within 30
days after delivery of such financial statements, then such calculations shall be made on a basis consistent with the most recent financial statements delivered by such Borrower to the Lenders as to which no such objection shall have been made.

 1.4 Time. 

All references to time herein shall be references to Eastern Standard Time or Eastern Daylight time, as the case may be, unless specified
otherwise. 
 SECTION 2. LOANS 

2.1 Revolving Loan Commitment. 

(a) Revolving Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans to
each Borrower in Dollars, at any time and from time to time, during the Commitment Period (each a “Revolving Loan” and collectively the “Revolving Loans”); provided that (i) the sum of the aggregate
amount of Revolving Loans plus the L/C Obligations then outstanding plus the aggregate amount of Competitive Bid Loans 

 

 15 

 
outstanding to the Borrowers on any day shall not exceed the Revolving Loan Commitment and (ii) with respect to each individual Lender, the Lender’s pro rata share of the
sum of outstanding Revolving Loans plus the L/C Obligations then outstanding on any day shall not exceed such Lender’s Commitment Percentage of the Revolving Loan Commitment. Revolving Loans made to any Borrower shall be the several
obligations of such Borrower. Subject to the terms and conditions of this Credit Agreement, each Borrower may borrow, repay and reborrow the amount of the Revolving Loan Commitment made to it. 

(b) Competitive Bid Loans Subfacility. 

(i) Competitive Bid Loans. Subject to the terms and conditions set forth herein, a Borrower may, from time to time,
during the period from the Closing Date until the date occurring seven days prior to the Maturity Date, request and each Lender may, in its sole discretion, agree to make Competitive Bid Loans to such Borrower; provided, however, that
(A) the sum of the aggregate amount of Revolving Loans outstanding plus the L/C Obligations then outstanding plus the aggregate amount of Competitive Bid Loans outstanding to the Borrowers on any day shall not exceed the Revolving Loan
Commitment and (B) if a Lender makes a Competitive Bid Loan, such Lender’s obligation to make its pro rata share of any Revolving Loan shall not be reduced thereby. 

(ii) Competitive Bid Requests. Each Borrower may solicit Competitive Bids by delivery of a Competitive Bid Request
to the Administrative Agent by 10:00 a.m. (A) with respect to a request for a Eurodollar Competitive Bid Loan, on a Business Day four Business Days prior to the date of a requested Eurodollar Competitive Bid Loan and (B) with respect to a
request for an Absolute Rate Competitive Bid Loan, on a Business Day not less than one nor more than five Business Days prior to the date of the requested Absolute Rate Competitive Bid Loan. A Competitive Bid Request must be substantially in the
form of Exhibit 2.1(b)(ii), shall be accompanied by the Competitive Bid Request Fee and shall specify (I) the date of the requested Competitive Bid Loan (which shall be a Business Day), (II) the amount of the requested Competitive Bid
Loan, (III) whether such Borrower is requesting a Eurodollar Competitive Bid Loan or an Absolute Rate Competitive Bid Loan and (IV) the applicable Interest Period or Interest Periods requested. The Administrative Agent shall notify the Lenders of
its receipt of a Competitive Bid Request and the contents thereof and invite the Lenders to submit Competitive Bids in response thereto. Such Borrower may not request a Competitive Bid for more than three different Interest Periods per Competitive
Bid Request nor request Competitive Bid Requests more frequently than four times every calendar month. 
 (iii)
Competitive Bid Procedure. Each Lender may, in its sole discretion, make one or more Competitive Bids to the relevant Borrower in response to a Competitive Bid Request. Each Competitive Bid must be received by the Administrative Agent not
later than 10:00 a.m. (A) with respect to a request for a Eurodollar Competitive Bid Loan, three Business Days prior to the date of the requested Eurodollar Competitive Bid Loan and (B) with respect to a request for an Absolute Rate
Competitive Bid Loan, on the proposed date of the requested Absolute Rate Competitive Bid Loan; provided, however, that should the Administrative Agent, in its capacity as a Lender, desire to submit a Competitive Bid it shall notify
such Borrower of its Competitive Bid and the terms 
  

 16 

 
thereof not later than 15 minutes prior to the time the other Lenders are required to submit their Competitive Bids. A Lender may offer to make all or part of the requested Competitive Bid Loan
and may submit multiple Competitive Bids in response to a Competitive Bid Request. Any Competitive Bid must specify (I) the particular Competitive Bid Request as to which the Competitive Bid is submitted, (II) the minimum (which shall be not
less than $5,000,000 and integral multiples of $1,000,000 in excess thereof) and maximum principal amounts of the requested Competitive Bid Loan or Loans which the Lender is willing to make and (III) the applicable interest rate or rates and
Interest Period or Interest Periods therefor. A Competitive Bid submitted by a Lender in accordance with the provisions hereof shall be irrevocable. The Administrative Agent shall promptly notify the relevant Borrower of all Competitive Bids made
and the terms thereof. The Administrative Agent shall send a copy of each of the Competitive Bids to such Borrower and each of the Lenders for their respective records as soon as practicable. 

(iv) Acceptance of Competitive Bids. Each Borrower may, in its sole discretion, subject only to the provisions of
this subsection (iv), accept or refuse any Competitive Bid offered to it. To accept a Competitive Bid, the relevant Borrower shall give oral notification of its acceptance of any or all such Competitive Bids (which shall be promptly confirmed in
writing) to the Administrative Agent by 11:00 a.m. (A) with respect to a request for a Eurodollar Competitive Bid Loan, three Business Days prior to the date of the requested Eurodollar Competitive Bid Loan and (B) with respect to a
request for an Absolute Rate Competitive Bid Loan, on the proposed date of the Absolute Rate Competitive Bid Loan; provided, however, (I) the failure by such Borrower to give timely notice of its acceptance of a Competitive Bid
shall be deemed to be a refusal thereof, (II) to the extent Competitive Bids are for comparable Interest Periods, such Borrower may accept Competitive Bids only in ascending order of rates, (III) the aggregate amount of Competitive Bids accepted by
such Borrower shall not exceed the principal amount specified in the Competitive Bid Request, (IV) if such Borrower shall accept a bid or bids made at a particular Competitive Bid Rate, but the amount of such bid or bids shall cause the total amount
of bids to be accepted by such Borrower to be in excess of the amount specified in the Competitive Bid Request, then such Borrower shall accept a portion of such bid or bids in an amount equal to the amount specified in the Competitive Bid Request
less the amount of all other Competitive Bids accepted with respect to such Competitive Bid Request, which acceptance in the case of multiple bids at such Competitive Bid Rate, shall be made pro rata in accordance with the amount of
each such bid at such Competitive Bid Rate and (V) no bid shall be accepted for a Competitive Bid Loan unless such Competitive Bid Loan is in a minimum principal amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof,
except that where a portion of a Competitive Bid is accepted in accordance with the provisions of clause (IV) of subsection (iv) hereof, then in a minimum principal amount of $500,000 and integral multiples of $100,000 (but not in any event
less than the minimum amount specified in the Competitive Bid), and in calculating the pro rata allocation of acceptances of portions of multiple bids at a particular Competitive Bid Rate pursuant to clause (IV) of subsection
(iv) hereof, the amounts shall be rounded to integral multiples of $100,000 in a manner which shall be in the discretion of such Borrower. A notice of acceptance of a 

 

 17 

 
Competitive Bid given by a Borrower in accordance with the provisions hereof shall be irrevocable. The Administrative Agent shall, not later than noon (A) with respect to a Eurodollar
Competitive Bid Loan, three Business Days prior to the date of such Eurodollar Competitive Bid Loan and (B) with respect to a Absolute Rate Competitive Bid Loan, on the proposed date of such Competitive Bid Loan, notify each bidding Lender
whether or not its Competitive Bid has been accepted (and if so, in what amount and at what Competitive Bid Rate), and each successful bidder will thereupon become bound, subject to the other applicable conditions hereof, to make the Competitive Bid
Loan in respect of which its bid has been accepted. 
 (v) Funding of Competitive Bid Loans. Each Lender
which is to make a Competitive Bid Loan shall make its Competitive Bid Loan available to the Administrative Agent by 2:00 p.m. on the date specified in the Competitive Bid Request by deposit of immediately available funds at the office of the
Administrative Agent in New York, New York or at such other address as the Administrative Agent may designate in writing. The Administrative Agent will, upon receipt, make the proceeds of such Competitive Bid Loans available to the relevant
Borrower. 
 (vi) Maturity of Competitive Bid Loans. Each Competitive Bid Loan shall mature and be due and
payable in full on the last day of the Interest Period applicable thereto. Unless the relevant Borrower shall give notice to the Administrative Agent otherwise (or repays such Competitive Bid Loan), or a Default or Event of Default with respect to
such Borrower exists and is continuing, such Borrower shall be deemed to have requested Revolving Loans from all of the Lenders (in the amount of the maturing Competitive Bid Loan and accruing interest at the Base Rate), the proceeds of which will
be used to repay such Competitive Bid Loan. 
 2.2 Method of Borrowing for Revolving Loans. 

(a) Base Rate Loans. By no later than 11:00 a.m. on the date of a Borrower’s request for the borrowing (or for the conversion
of Eurodollar Revolving Loans to Base Rate Loans), such Borrower shall submit a Notice of Borrowing to the Administrative Agent setting forth (i) the amount requested, (ii) the desire to have such Revolving Loans accrue interest at the
Base Rate and (iii) except in the case of conversions of Eurodollar Revolving Loans to Base Rate Loans, complying in all respects with Section 6.2 hereof. 

(b) Eurodollar Revolving Loans. By no later than 11:00 a.m. three Business Days prior to the date of a Borrower’s request for
the borrowing (or for the conversion of Base Rate Loans to Eurodollar Revolving Loans or the continuation of existing Eurodollar Loans), such Borrower shall submit a Notice of Borrowing to the Administrative Agent setting forth (i) the amount
requested, (ii) the desire to have such Revolving Loans accrue interest at the Adjusted Eurodollar Rate, (iii) the Interest Period applicable thereto, and (iv) except in the case of conversions of Base Rate Loans to Eurodollar
Revolving Loans or the continuation of existing Eurodollar Loans, complying in all respects with Section 6.2 hereof. 
 (c)
Continuation and Conversion. Each Borrower shall have the option, on any Business Day, to continue existing Eurodollar Revolving Loans made to it for a subsequent 

 

 18 

 
Interest Period, to convert Base Rate Loans made to it into Eurodollar Revolving Loans or to convert Eurodollar Revolving Loans made to it into Base Rate Loans. By no later than 11:00 a.m.
(a) on the date of the requested conversion of a Eurodollar Revolving Loan to a Base Rate Loan or (b) three Business Days prior to the date for a requested continuation of a Eurodollar Revolving Loan or conversion of a Base Rate Loan to a
Eurodollar Revolving Loan, the relevant Borrower shall provide telephonic notice to the Administrative Agent, followed promptly by a written Notice of Continuation/Conversion, setting forth (i) whether the relevant Borrower wishes to continue
or convert such Loans and (ii) if the request is to continue a Eurodollar Revolving Loan or convert a Base Rate Loan to a Eurodollar Revolving Loan, the Interest Period applicable thereto. Notwithstanding anything herein to the contrary,
(i) except as provided in Section 4.1 hereof, Eurodollar Revolving Loans may be converted to Base Rate Loans only on the last day of an Interest Period applicable thereto; (ii) Eurodollar Revolving Loans may be continued and Base Rate
Loans may be converted to Eurodollar Revolving Loans only if no Default or Event of Default with respect to the relevant Borrower is in existence on the date of such extension or conversion; (iii) any continuation or conversion must comply with
Sections 2.2(a) or 2.2(b) hereof, as applicable; and (iv) failure by such Borrower to properly continue Eurodollar Revolving Loans at the end of an Interest Period shall be deemed a conversion to Base Rate Loans. 

2.3 Funding of Revolving Loans. 

Upon receipt of a Notice of Borrowing, the Administrative Agent shall promptly inform the Lenders as to the terms thereof. Each Lender
will make its pro rata share of the Revolving Loans available to the Administrative Agent by 1:00 p.m. on the date specified in the Notice of Borrowing by deposit (in Dollars) of immediately available funds at the offices of the
Administrative Agent at its principal office in New York, New York, or at such other address as the Administrative Agent may designate in writing. All Revolving Loans shall be made by the Lenders pro rata on the basis of each
Lender’s Commitment Percentage. 
 No Lender shall be responsible for the failure or delay by any other Lender in its
obligation to make Loans hereunder; provided, however, that the failure of any Lender to fulfill its obligations hereunder shall not relieve any other Lender of its obligations hereunder. Unless the Administrative Agent shall have been
notified by any Lender prior to the time of any such Loan that such Lender does not intend to make available to the Administrative Agent its portion of the Loans to be made on such date, the Administrative Agent may assume that such Lender has made
such amount available to the Administrative Agent on the date of such Loans, and the Administrative Agent in reliance upon such assumption, may (in its sole discretion without any obligation to do so) make available to the relevant Borrower a
corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent, the Administrative Agent shall be able to recover such corresponding amount from such Lender. If such Lender does not pay such
corresponding amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent will promptly notify the relevant Borrower and such Borrower shall immediately pay such corresponding amount to the Administrative Agent.
The Administrative Agent shall also be entitled to recover from the Lender or such Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the
Administrative Agent to such Borrower to the date such corresponding amount is recovered by the Administrative Agent at a per annum rate equal to (a) the applicable rate for such Loan pursuant to the Notice of Borrowing, if recovered from such
Borrower, and (b) the Federal Funds Rate, if recovered from a Lender. 
  

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 2.4 Minimum Amounts of Revolving Loans. 

Each request for Revolving Loans shall be, in the case of Eurodollar Revolving Loans, in an aggregate principal amount that is not less
than the lesser of $10,000,000 or the remaining amount available to be borrowed and, in the case of Base Rate Loans, in an aggregate principal amount that is not less than the lesser of $5,000,000 or the remaining amount available to be borrowed.
Any Revolving Loan requested shall be in an integral multiple of $1,000,000 unless the request is for all of the remaining amount available to be borrowed. 

2.5 Reductions of Revolving Loan Commitment. 

Upon at least three Business Days’ notice, Dominion Resources, on its own behalf and/or acting on the request of any other Borrower,
shall have the right to permanently terminate or reduce the aggregate unused amount of the Revolving Loan Commitment available to it and/or such other Borrower at any time or from time to time; provided that (a) each partial reduction
shall be in an aggregate amount at least equal to $10,000,000 and in integral multiples of $1,000,000 above such amount and (b) no reduction shall be made which would reduce the Revolving Loan Commitment to an amount less than the sum of the
then outstanding Revolving Loans plus the then outstanding Competitive Bid Loans plus the then outstanding L/C Obligations. Any reduction in (or termination of) the Revolving Loan Commitment shall be permanent and may not be reinstated. 

2.6 Revolving Loan Commitment Increase. 

(a) The Borrowers shall have the right to increase the Revolving Loan Commitments pursuant to this Section 2.6 subject to the
restrictions of subsection 2.6(d) below (any such increase, a “Commitment Increase”) provided that (i) no Default or Event of Default has occurred and is continuing on the date of the Commitment Increase or shall result
from the proposed Commitment Increase and (ii) the representations and warranties contained in Section 7 and in the other Credit Documents shall be true and correct in all material respects on and as of the date of the Commitment Increase
as if made on and as of such date (or, if any such representation and warranty is expressly stated to have been made as of a specific date, as of such specific date). In the event that the Borrowers wish to increase the aggregate Revolving Loan
Commitment at any time, the Borrowers shall notify the Administrative Agent in writing of the amount (the “Offered Increase Amount”) of such proposed increase (such notice, a “Revolving Loan Commitment Increase
Notice”); provided, that the aggregate amount of any such increase in the Revolving Loan Commitment shall be at least $25,000,000. The Borrowers shall (x) first, offer the existing Lenders the opportunity to participate
in a pro rata increase of their Commitments among such existing Lenders to provide the Offered Increase Amount pursuant to subsection 2.6(c) and (y) second, offer one or more additional banks, financial institutions or other entities
(approved by the Administrative Agent, such approval not to be unreasonably withheld) the opportunity to participate in all or a portion of the Offered Increase Amount pursuant to subsection 2.6(b). Each Revolving Loan Commitment Increase Notice
shall specify which Lenders and/or banks, financial institutions or other entities the Borrowers desire to 
  

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participate in such Commitment Increase. The Borrowers or, if requested by the Borrowers, the Administrative Agent, will notify such Lenders and/or banks, financial institutions or other entities
of such offer. 
 (b) Any additional bank, financial institution or other entity which the Borrowers select to offer
participation in the Commitment Increase and which elects to become a party to this Credit Agreement and provide a commitment in an amount so offered and accepted by it pursuant to subsection 2.6(a)(y) shall execute an Additional Lender Supplement
(in substantially the form specified by the Administrative Agent, each an “Additional Lender Supplement”) with the Borrowers and the Administrative Agent, whereupon such bank, financial institution or other entity (herein called an
“Additional Lender”) shall become a Lender for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Credit Agreement, and Schedule 1.1 shall be deemed
to be amended to add the name and Commitment of such Additional Lender, provided that the Commitment of any such new Additional Lender shall be in an amount not less than $25,000,000. 

(c) Any existing Lender which accepts an offer to it by the Borrowers to increase its Commitment pursuant to subsection 2.6(a)(x) shall,
in each case, execute a Commitment Increase Supplement (in substantially the form specified by the Administrative Agent, each a “Commitment Increase Supplement”) with the Borrowers and the Administrative Agent whereupon such Lender
shall be bound by and entitled to the benefits of this Credit Agreement with respect to the full amount of its Commitment as so increased, and Schedule 1.1 shall be deemed to be amended to so increase the Commitment of such Lender.

 (d) Notwithstanding anything to the contrary in this Section 2.6, (i) in no event shall any Commitment Increase or
transaction effected pursuant to this Section 2.6 cause the aggregate Revolving Loan Commitment hereunder to exceed $3,500,000,000, (ii) no existing Lender shall have any obligation to increase its Commitment unless it agrees to do so in
its sole discretion and (iii) for each increase in the aggregate amount of the Revolving Loan Commitment, the commitments under the Existing DRI/CNG Facility shall be concurrently reduced dollar-for-dollar in an amount equal to such increase
pursuant to Section 3.2(b) of the Existing DRI/CNG Facility. 
 2.7 Notes. 

(a) Revolving Loan Notes. The Revolving Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by
a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(a) hereto (the “Revolving Loan Notes”) and in a principal amount equal to the amount of such Lender’s Commitment
Percentage of the Revolving Loan Commitment as originally in effect. 
 (b) Competitive Bid Loan Notes. The Competitive
Bid Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(b) hereto (the “Competitive Bid Loan
Notes”) and in a principal amount equal to the Revolving Loan Commitment as originally in effect. 
  

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 The date, amount, type, interest rate and duration of Interest Period (if applicable) of
each Loan made by each Lender to each Borrower, and each payment made on account of the principal thereof, shall be recorded by such Lender on its books; provided that the failure of such Lender to make any such recordation or endorsement shall not
affect the obligations of such Borrower to make a payment when due of any amount owing hereunder or under any Note in respect of the Loans to be evidenced by such Note, and each such recordation or endorsement shall be conclusive and binding absent
manifest error. 
 2.8 Extension of Maturity Date 

(a) On any anniversary of the Closing Date prior to the Maturity Date, the Borrowers may request to extend the then-applicable Maturity
Date (the “Existing Maturity Date”) for an additional one-year period (an “Extension Period”) to the date that is one year after the Existing Maturity Date (the “Requested Maturity Date”);
provided that the Borrowers may extend the Maturity Date for a maximum two (2) such Extension Periods. The Borrowers may make such request in a notice given as herein provided and substantially in the form attached hereto as Exhibit
2.8(a) (the “Extension of Maturity Date Request”) to the Administrative Agent not less than 30 days and not more than 90 days prior to any anniversary of the Closing Date, so long as (i) each of the representations and
warranties contained in Section 7 and in the other Credit Documents shall be true and correct in all material respects on and as of the date of such notice and as of the commencement date of the relevant Extension Period as if made on and as of
each date (or, if any such representation and warranty is expressly stated to have been made as of a specific date, as of such specific date) and (ii) no Default or Event of Default shall have occurred and be continuing on the date of such
notice and as of the commencement date of the relevant Extension Period. Each Lender, acting in its sole discretion, shall, not later than a date 30 days after its receipt of any such notice from the Administrative Agent, notify the Borrowers and
the Administrative Agent in writing of its election to extend or not to extend the Existing Maturity Date with respect to its Commitment. Any Lender which shall not timely notify the Borrowers and the Administrative Agent of its election to extend
the Existing Maturity Date shall be deemed not to have elected to extend the Existing Maturity Date with respect to its Commitment (any Lender who timely notifies the Borrowers and the Administrative Agent of an election not to extend or fails to
timely notify the Borrowers and the Administrative Agent of its election being referred to as a “Terminating Lender” and all such Lenders, collectively, the “Terminating Lenders”). The election of any Lender to
agree to a requested extension shall not obligate any other Lender to agree to such requested extension. 
 (b) If and only if
(i) the Required Lenders (including in the determination thereof the Commitments of all Terminating Lenders on such date) shall have agreed in writing during the 30 day period referred to in Section 2.8(a) to extend the Existing Maturity
Date and (ii) the Borrowers shall have submitted to the Administrative Agent, on the commencement date of the relevant Extension Period, a certificate of the Borrowers, substantially in the form of Exhibit 2.8(b) (the “Extension
of Maturity Date Certificate”), stating that (x) the representations and warranties made by each Borrower in or pursuant to the Credit Documents are true and correct in all material respects on and as of the date thereof and
(y) no Default or Event of Default by each Borrower has occurred and is continuing, then (A) the Commitments of the Lenders other than Terminating Lenders (the “Continuing Lenders”, each a “Continuing
Lender”) shall, subject to the other provisions of this Credit Agreement, be extended to the Requested Maturity Date 
  

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specified in the Extension of Maturity Date Request from the Borrowers, and as to such Lenders the term “Maturity Date”, as used herein, shall on and after the date as of which the
requested extension is effective mean such Requested Maturity Date, provided that if such date is not a Business Day, then such Requested Maturity Date shall be the next succeeding Business Day and (B) the Commitments of the Terminating
Lenders shall continue until the Existing Maturity Date, and shall then terminate, and as to the Terminating Lenders, the term “Maturity Date”, as used herein, shall continue to mean the Existing Maturity Date. The Administrative Agent
shall promptly notify (x) the Lenders of any Extension of Maturity Date Request, (y) the Lenders and the Borrowers of any extension of the Existing Maturity Date pursuant to this Section 2.8 and (z) the Borrowers and the Lenders
of any Lender which becomes a Terminating Lender. 
 (c) In the event that the Maturity Date shall have been extended for the
Continuing Lenders in accordance with paragraph 2.8(b) above and, in connection with such extension, there are Terminating Lenders, the Borrowers may, at their own expense and in their sole discretion and prior to the Existing Maturity Date, require
any Terminating Lender to transfer and assign its interests, rights and obligations under this Credit Agreement in accordance with Section 4.5 to an Eligible Assignee that shall assume such assigned obligations and that shall agree that its
Commitment will expire on the Maturity Date in effect for Continuing Lenders; provided, however, that the Borrowers shall have given written notice to the Administrative Agent in the case of an assignee that is not a Lender. Any such
Eligible Assignee’s initial Maturity Date shall be the Maturity Date in effect for the Continuing Lenders at the time of such assignment. The Borrowers shall not be permitted to require a Lender to assign any part of its interests, rights and
obligations under this Credit Agreement pursuant to this Section 2.8(c) unless the Borrowers have notified such Lender of their intention to require the assignment thereof at least ten days prior to the proposed assignment date. Any Eligible
Assignee which becomes a Lender as a result of such an assignment made pursuant to this Section 2.8(c) shall be deemed to have consented to the applicable Extension of Maturity Date Request and, therefore, shall not be a Terminating Lender.

 (d) Revolving Loans or L/C Obligations owing to any Terminating Lender on the Existing Maturity Date with respect to such
Terminating Lender shall be repaid in full, with accrued interest and all other amounts then due and owing thereon, on the Existing Maturity Date with respect to such Terminating Lender. 

SECTION 3. PAYMENTS 

3.1 Interest. 

(a) Interest Rate. 

(i) All Base Rate Loans made to a Borrower shall accrue interest at the Adjusted Base Rate with respect to such Borrower.

  

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 (ii) All Eurodollar Loans made to a Borrower shall accrue interest at the
Adjusted Eurodollar Rate with respect to such Borrower applicable to such Eurodollar Loan. 
 (iii) All
Competitive Bid Loans shall accrue interest at the applicable Competitive Bid Rate with respect to each Competitive Bid Loan. 

(b) Default Rate of Interest. Upon the occurrence, and during the continuance, of an Event of Default with respect to any
Borrower, the principal of and, to the extent permitted by law, interest on the Loans outstanding to such Borrower and any other amounts owing by such Borrower hereunder or under the other Credit Documents shall bear interest, payable on demand, at
a per annum rate equal to 2% plus the rate which would otherwise be applicable (or if no rate is applicable, then the rate for Loans outstanding to such Borrower that are Base Rate Loans plus 2% per annum). 

(c) Interest Payments. Interest on Loans shall be due and payable in arrears on each Interest Payment Date. 

3.2 Prepayments. 

(a) Voluntary Prepayments. Each Borrower shall have the right to prepay Loans made to it in whole or in part from time to time
without premium or penalty; provided, however, that (i) Eurodollar Loans may only be prepaid on three Business Days’ prior written notice to the Administrative Agent and any prepayment of Eurodollar Loans will be subject to
Section 4.3 hereof and (ii) each such partial prepayment of Loans shall be in the minimum principal amount of $10,000,000. Amounts prepaid hereunder shall be applied as such Borrower may elect; provided that if such Borrower fails to
specify the application of a voluntary prepayment then such prepayment shall be applied in each case first to Base Rate Loans of such Borrower and then to Eurodollar Revolving Loans of such Borrower in direct order of Interest Period maturities.

 (b) Mandatory Prepayments. If at any time the amount of Revolving Loans outstanding plus the aggregate amount of
Competitive Bid Loans outstanding plus the aggregate amount of L/C Obligations exceeds the Revolving Loan Commitment, one or more of the Borrowers shall immediately make a principal payment to the Administrative Agent in the manner and in an amount
necessary to be in compliance with Section 2.1 hereof. Any payments made under this Section 3.2(b) shall be subject to Section 4.3 hereof and shall be applied first to Base Rate Loans of the relevant Borrower, then to Eurodollar
Revolving Loans of the relevant Borrower in direct order of Interest Period maturities, then to Competitive Bid Loans of the relevant Borrower pro rata among all Lenders holding same. 

3.3 Payment in Full at Maturity. 

On the Maturity Date, the entire outstanding principal balance of all Loans, together with accrued but unpaid interest and all other sums
owing under this Credit Agreement, shall be due and payable in full, unless accelerated sooner pursuant to Section 10 hereof. 
  

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 3.4 Fees. 

(a) Facility Fees. 

(i) In consideration of the Revolving Loan Commitment being made available by the Lenders hereunder, DRI agrees to pay to
the Administrative Agent, for the pro rata benefit of each Lender, a per annum fee equal to the Applicable Percentage for Facility Fees multiplied by the Revolving Loan Commitment (the “Facility Fees”). 

(ii) The accrued Facility Fees shall be due and payable in arrears on each Fee Payment Date (as well as on any date that
the Revolving Loan Commitment is reduced) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date. 

(b) Utilization Fees. 

(i) If on any day the sum of the aggregate outstanding principal amount of all Loans to the Borrowers plus
the L/C Obligations then outstanding exceeds the product of (A) one-half (1/2) times (B) the Revolving Loan Commitment, each Borrower shall pay to the Administrative Agent, for the pro rata benefit of each
Lender, a per annum fee equal to the Applicable Percentage for Utilization Fees multiplied by such Borrower’s outstanding Loans plus the L/C Obligations then outstanding (the “Utilization Fees”). 

(ii) The accrued Utilization Fees shall be due and payable quarterly in arrears on each Fee Payment Date (as well as on
any date that the Revolving Loan Commitment is reduced), beginning with the first of such dates to occur after the Closing Date. 

(c) Administrative Fees. Dominion Resources agrees to pay to the Administrative Agent an annual fee as agreed to between the
Borrowers and the Administrative Agent. 
 3.5 Place and Manner of Payments. 

All payments of principal, interest, fees, expenses and other amounts to be made by each Borrower under this Credit Agreement shall be
received not later than 2:00 p.m. on the date when due in Dollars and in immediately available funds, without setoff, deduction, counterclaim or withholding of any kind, by the Administrative Agent at its offices in New York, New York, except
payments to be made directly to an Issuing Lender as provided herein. Each Borrower shall, at the time it makes any payment under this Credit Agreement, specify to the Administrative Agent, the Loans, fees or other amounts payable by such Borrower
hereunder to which such payment is to be applied (and in the event that it fails to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent, shall distribute such payment to the Lenders in such manner as
it reasonably determines in its sole discretion). 
 3.6 Pro Rata Treatment. 

Except to the extent otherwise provided herein, all Revolving Loans, each payment or prepayment of principal of any Revolving Loan, each
payment of interest on the 
  

 25 

 
Revolving Loans, each payment of Facility Fees and Letter of Credit Fees, each reduction of the Revolving Loan Commitment, and each conversion or continuation of any Revolving Loans, shall be
allocated pro rata among the Lenders in accordance with the respective Commitment Percentages. 
 3.7
Computations of Interest and Fees. 
 (a) Except for Base Rate Loans, on which interest shall be computed on the basis of
a 365 or 366 day year as the case may be, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. 

(b) It is the intent of the Lenders and each Borrower to conform to and contract in strict compliance with applicable usury law from time
to time in effect. All agreements between the Lenders and the Borrowers are hereby limited by the provisions of this paragraph which shall override and control all such agreements, whether now existing or hereafter arising and whether written or
oral. In no way, nor in any event or contingency (including but not limited to prepayment or acceleration of the maturity of any obligation), shall the interest taken, reserved, contracted for, charged, or received under this Credit Agreement, under
the Notes or otherwise, exceed the maximum non-usurious amount permissible under applicable law. If, from any possible construction of any of the Credit Documents or any other document, interest would otherwise be payable in excess of the maximum
non-usurious amount, any such construction shall be subject to the provisions of this paragraph and such documents shall be automatically reduced to the maximum non-usurious amount permitted under applicable law, without the necessity of execution
of any amendment or new document. If any Lender shall ever receive anything of value which is characterized as interest on the Loans under applicable law and which would, apart from this provision, be in excess of the maximum lawful amount, an
amount equal to the amount which would have been excessive interest shall, without penalty, be applied to the reduction of the principal amount owing on the Loans of the relevant Borrower and not to the payment of interest, or refunded to the
relevant Borrower or the other payor thereof if and to the extent such amount which would have been excessive exceeds such unpaid principal amount of the Loans of the relevant Borrower. The right to demand payment of the Loans of any Borrower or any
other indebtedness evidenced by any of the Credit Documents does not include the right to receive any interest which has not otherwise accrued on the date of such demand, and the Lenders do not intend to charge or receive any unearned interest in
the event of such demand. All interest paid or agreed to be paid to the Lenders with respect to the Loans shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term (including any
renewal or extension) of the Loans so that the amount of interest on account of such indebtedness does not exceed the maximum non-usurious amount permitted by applicable law. 

3.8 Sharing of Payments. 

Each Lender agrees that, in the event that any Lender shall obtain payment in respect of any Revolving Loan or L/C Obligation owing to
such Lender under this Credit Agreement through the exercise of a right of set-off, banker’s lien, counterclaim or otherwise (including, but not limited to, pursuant to the Bankruptcy Code) in excess of its pro rata share as
provided for in this Credit Agreement, such Lender shall promptly purchase from the other 
  

 26 

 
Lenders a participation in such Loans, in such amounts and with such other adjustments from time to time, as shall be equitable in order that all Lenders share such payment in accordance with
their respective ratable shares as provided for in this Credit Agreement. Each Lender further agrees that if a payment to a Lender (which is obtained by such Lender through the exercise of a right of set-off, banker’s lien, counterclaim or
otherwise) shall be rescinded or must otherwise be restored, each Lender which shall have shared the benefit of such payment shall, by repurchase of a participation theretofore sold, return its share of that benefit to each Lender whose payment
shall have been rescinded or otherwise restored. Each Borrower agrees that any Lender so purchasing such a participation in Loans made to such Borrower may, to the fullest extent permitted by law, exercise all rights of payment, including set-off,
banker’s lien or counterclaim, with respect to such participation as fully as if such Lender were a holder of such Loan or other obligation in the amount of such participation. Except as otherwise expressly provided in this Credit Agreement, if
any Lender shall fail to remit to the Administrative Agent or any other Lender an amount payable by such Lender to the Administrative Agent or such other Lender pursuant to this Credit Agreement on the date when such amount is due, such payments
shall accrue interest thereon, for each day from the date such amount is due until the day such amount is paid to the Administrative Agent or such other Lender, at a rate per annum equal to the Federal Funds Rate. 

3.9 Evidence of Debt. 

(a) Each Lender shall maintain an account or accounts evidencing each Loan made by such Lender to a Borrower from time to time, including
the amounts of principal and interest payable and paid to such Lender by or for the account of each Borrower from time to time under this Credit Agreement. Each Lender will make reasonable efforts to maintain the accuracy of its account or accounts
and to promptly update its account or accounts from time to time, as necessary. 
 (b) The Administrative Agent shall maintain
the Register for each Borrower pursuant to Section 12.3(c), and a subaccount for each Lender, in which Registers and subaccounts (taken together) shall be recorded (i) the amount, type and Interest Period of each such Loan hereunder,
(ii) the amount of any principal or interest due and payable or to become due and payable to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from or for the account of the Borrowers and
each Lender’s share thereof. The Administrative Agent will make reasonable efforts to maintain the accuracy of the subaccounts referred to in the preceding sentence and to promptly update such subaccounts from time to time, as necessary.

 (c) The entries made in the accounts, Registers and subaccounts maintained pursuant to subsection (b) of this
Section 3.9 (and, if consistent with the entries of the Administrative Agent, subsection (a)) shall be prima facie evidence of the existence and amounts of the obligations of each Borrower therein recorded; provided, however, that the
failure of any Lender or the Administrative Agent to maintain any such account, such Registers or such subaccounts, as applicable, or any error therein, shall not in any manner affect the obligation of any Borrower to repay the Loans made by such
Lender to such Borrower in accordance with the terms hereof. 
  

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 SECTION 4. ADDITIONAL PROVISIONS REGARDING LOANS 

4.1 Eurodollar Loan Provisions. 

(a) Unavailability. In the event that the Administrative Agent shall have determined in good faith (i) that U.S. dollar deposits in
the principal amounts requested with respect to a Eurodollar Loan are not generally available in the London interbank Eurodollar market or (ii) that reasonable means do not exist for ascertaining the Eurodollar Rate, the Administrative Agent
shall, as soon as practicable thereafter, give notice of such determination to the Borrowers and the Lenders. In the event of any such determination under clauses (i) or (ii) above, until the Administrative Agent shall have advised the
Borrowers and the Lenders that the circumstances giving rise to such notice no longer exist, (A) any request by a Borrower for Eurodollar Loans shall be deemed to be a request for Base Rate Loans (or Absolute Rate Competitive Bid Loans, as the
case may be), and (B) any request by a Borrower for conversion into or continuation of Eurodollar Revolving Loans shall be deemed to be a request for conversion into or continuation of Base Rate Loans. 

(b) Change in Legality. 

(i) Notwithstanding any other provision herein, if any change in any law or regulation or in the interpretation thereof by
any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Lender to make or maintain any Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any
Eurodollar Loan, then, by written notice to the relevant Borrower and to the Administrative Agent, such Lender may: 

(A) declare that Eurodollar Loans, and conversions to or continuations of Eurodollar Loans, will not thereafter be made by
such Lender to such Borrower hereunder, whereupon any request by such Borrower for, or for conversion into or continuation of, Eurodollar Loans shall, as to such Lender only, be deemed a request for, or for conversion into or continuation of, Base
Rate Loans (or Absolute Rate Competitive Bid Loans, as the case may be), unless such declaration shall be subsequently withdrawn; and 

(B) require that all outstanding Eurodollar Loans made by it to such Borrower be converted to Base Rate Loans (or Absolute
Rate Competitive Bid Loans, as the case may be) in which event all such Eurodollar Loans shall be automatically converted to Base Rate Loans (or Absolute Rate Competitive Bid Loans, as the case may be). 

In the event any Lender shall exercise its rights under clause (A) or (B) above, all payments and prepayments of principal
which would otherwise have been applied to repay the Eurodollar Loans that would have been made by such Lender to such Borrower or the converted Eurodollar Loans of such Lender to such Borrower shall instead be applied to repay the Base Rate Loans
(or Absolute Rate Competitive Bid Loans, as the case may be) made by such Lender to such Borrower in lieu of, or resulting from the conversion of, such Eurodollar Loans. 
  

 28 

 (c) Increased Costs. If at any time a Lender shall incur increased costs or
reductions in the amounts received or receivable hereunder with respect to the making, the commitment to make or the maintaining of any Eurodollar Loan because of (i) any change since the date of this Credit Agreement in any applicable law,
governmental rule, regulation, guideline or order (or in the interpretation or administration thereof and including the introduction of any new law or governmental rule, regulation, guideline or such order) including, without limitation, the
imposition, modification or deemed applicability of any reserves, deposits or similar requirements (such as, for example, but not limited to, a change in official reserve requirements, but, in all events, excluding reserves required under Regulation
D to the extent included in the computation of the Adjusted Eurodollar Rate) or (ii) other circumstances affecting the London interbank Eurodollar market; then the relevant Borrower shall pay to such Lender promptly upon written demand
therefor, such additional amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender may determine in its sole discretion) as may be required to compensate such Lender for such increased
costs or reductions in amounts receivable hereunder. 
 Each determination and calculation made by a Lender under this
Section 4.1 shall, absent manifest error, be binding and conclusive on the parties hereto. 
 4.2 Capital Adequacy.

 If, after the date hereof, any Lender has determined that the adoption or effectiveness of any applicable law, rule or
regulation regarding capital adequacy, or any change therein, or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof,
or compliance by such Lender (or its parent corporation) with any request or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect of
reducing the rate of return on such Lender’s (or parent corporation’s) capital or assets as a consequence of its commitments or obligations hereunder to any Borrower to a level below that which such Lender (or its parent corporation) could
have achieved but for such adoption, effectiveness, change or compliance (taking into consideration such Lender’s (or parent corporation’s) policies with respect to capital adequacy), then, upon notice from such Lender, the relevant
Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender (or its parent corporation) for such reduction. Each determination by any such Lender of amounts owing under this Section 4.2 shall, absent
manifest error, be conclusive and binding on the parties hereto. 
 4.3 Compensation. 

Each Borrower shall compensate each Lender, upon its written request, for all reasonable losses, expenses and liabilities (including,
without limitation, any loss, expense or liability incurred by reason of the liquidation or reemployment of deposits or other funds required by the Lender to fund its Eurodollar Loans to such Borrower) which such Lender may sustain: 

(a) if for any reason (other than a default by such Lender or the Administrative Agent) a borrowing of Eurodollar Loans or Absolute Rate
Competitive Bid Loans to such Borrower does not occur on a date specified therefor in a Notice of Borrowing or Competitive Bid Request to such Borrower, as the case may be; 

 

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 (b) if any repayment, continuation or conversion of any Eurodollar Loan or Absolute Rate
Competitive Bid Loan by such Borrower occurs on a date which is not the last day of an Interest Period applicable thereto, including, without limitation, in connection with any demand, acceleration, mandatory prepayment or otherwise (including any
demand under this Section 4); or 
 (c) if such Borrower fails to repay its Eurodollar Loans or Absolute Rate Competitive
Bid Loan when required by the terms of this Credit Agreement. 
 Calculation of all amounts payable to a Lender under this
Section 4.3 shall be made as though the Lender has actually funded its relevant Eurodollar Loan through the purchase of a Eurodollar deposit bearing interest at the Eurodollar Rate in an amount equal to the amount of that Loan, having a
maturity comparable to the relevant Interest Period and through the transfer of such Eurodollar deposit from an offshore office of that Lender to a domestic office of that Lender in the United States of America; provided, however, that
each Lender may fund each of its Eurodollar Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under this Section 4.3. 

4.4 Taxes. 

(a) Tax Liabilities Imposed on a Lender. Any and all payments by a Borrower hereunder or under any of the Credit Documents shall be
made, in accordance with the terms hereof and thereof, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto, excluding taxes
measured by net income and franchise taxes imposed on any Lender by the jurisdiction under the laws of which such Lender is organized or transacting business or any political subdivision thereof (all such non-excluded taxes, being hereinafter
referred to as “Taxes”). If such Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder to any Lender, (i) the sum payable shall be increased as may be necessary so that after making all
required deductions (including deductions applicable to additional sums payable under this Section 4.4) such Lender receives an amount equal to the sum it would have received had no such deductions been made, (ii) such Borrower shall make
such deductions, (iii) such Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law, and (iv) such Borrower shall deliver to such Lender evidence of such payment to the relevant
Governmental Authority. 
 (b) Other Taxes. In addition, each Borrower agrees to pay, upon notice from a Lender and prior
to the date when penalties attach thereto, all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies of the United States or any state or political subdivision thereof or any applicable foreign
jurisdiction that arise from any payment made hereunder by such Borrower or from the execution, delivery or registration of, or otherwise from such Borrower’s participation with respect to, this Credit Agreement (collectively, the
“Other Taxes”). 
  

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 (c) Refunds. If a Lender or the Administrative Agent (as the case may be) shall
become aware that it is entitled to claim a refund (or a refund in the form of a credit) (each, a “Refund”) from a Governmental Authority (as a result of any error in the amount of Taxes or Other Taxes paid to such Governmental
Authority or otherwise) of Taxes or Other Taxes which a Borrower has paid, or with respect to which a Borrower has paid additional amounts, pursuant to this Section 4.4, it shall promptly notify such Borrower of the availability of such Refund
and shall, within 30 days after receipt of written notice by such Borrower, make a claim to such Governmental Authority for such Refund at such Borrower’s expense if, in the judgment of such Lender or the Administrative Agent (as the case may
be), the making of such claim will not be otherwise disadvantageous to it; provided that nothing in this subsection (c) shall be construed to require any Lender or the Administrative Agent to institute any administrative proceeding
(other than the filing of a claim for any such Refund) or judicial proceeding to obtain such Refund. 
 If a Lender or the
Administrative Agent (as the case may be) receives a Refund from a Governmental Authority (as a result of any error in the amount of Taxes or Other Taxes paid to such Governmental Authority or otherwise) of any Taxes or Other Taxes which have been
paid by a Borrower, or with respect to which a Borrower has paid additional amounts pursuant to this Section 4.4, it shall promptly pay to such Borrower the amount so received (but only to the extent of payments made, or additional amounts
paid, by such Borrower under this Section 4.4 with respect to Taxes or Other Taxes giving rise to such Refund), net of all reasonable out-of-pocket expenses (including the net amount of taxes, if any, imposed on such Lender or the
Administrative Agent with respect to such Refund) of such Lender or Administrative Agent, and without interest (other than interest paid by the relevant Governmental Authority with respect to such Refund); provided, however, that such
Borrower, upon the request of Lender or the Administrative Agent, agrees to repay the amount paid over to such Borrower (plus penalties, interest or other charges) to such Lender or the Administrative Agent in the event such Lender or the
Administrative Agent is required to repay such Refund to such Governmental Authority. Nothing contained in this Section 4.4(c) shall require any Lender or the Administrative Agent to make available any of its tax returns (or any other
information that it deems to be confidential or proprietary). 
 (d) Foreign Lender. Each Lender (which, for purposes of
this Section 4.4, shall include any Affiliate of a Lender that makes any Eurodollar Loan pursuant to the terms of this Credit Agreement) that is not a “United States person” (as such term is defined in Section 7701(a)(30) of the
Code) shall submit to the Borrowers and the Administrative Agent on or before the Closing Date (or, in the case of a Person that becomes a Lender after the Closing Date by assignment, promptly upon such assignment), two duly completed and signed
copies of (A) either (1) Form W-8BEN, or any applicable successor form, of the United States Internal Revenue Service entitling such Lender to a complete exemption from withholding on all amounts to be received by such Lender pursuant to
this Credit Agreement and/or the Notes or (2) Form W-8ECI, or any applicable successor form, of the United States Internal Revenue Service relating to all amounts to be received by such Lender pursuant to this Credit Agreement and/or the Notes
and, if applicable, (B) an Internal Revenue Service Form W-8BEN or W-9 entitling such Lender to receive a complete exemption from United States backup withholding tax. Each such Lender shall, from time to time after submitting either such form,
submit to the Borrowers and the Administrative Agent such additional duly completed and signed copies of such forms (or such 
  

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successor forms or other documents as shall be adopted from time to time by the relevant United States taxing authorities) as may be (1) reasonably requested in writing by the Borrowers or
the Administrative Agent and (2) appropriate under then current United States laws or regulations. Upon the reasonable request of any Borrower or the Administrative Agent, each Lender that has not provided the forms or other documents, as
provided above, on the basis of being a United States person shall submit to the Borrowers and the Administrative Agent a certificate to the effect that it is such a “United States person.” 

4.5 Mitigation; Mandatory Assignment. 

The Administrative Agent and each Lender shall use reasonable efforts to avoid or mitigate any increased cost or suspension of the
availability of an interest rate under Sections 4.1 through 4.4 above to the greatest extent practicable (including transferring the Loans to another lending office or Affiliate of a Lender) unless, in the opinion of the Administrative Agent or such
Lender, such efforts would be likely to have an adverse effect upon it. In the event a Lender makes a request to a Borrower for additional payments in accordance with Section 4.1, 4.2 or 4.4, then, provided that no Default or Event of
Default with respect to such Borrower has occurred and is continuing at such time, such Borrower may, at its own expense (such expense to include any transfer fee payable to the Administrative Agent under Section 12.3(b) and any expense
pursuant to Section 4 hereof) and in its sole discretion, require such Lender to transfer and assign in whole (but not in part), without recourse (in accordance with and subject to the terms and conditions of Section 12.3(b)), all of its
interests, rights and obligations under this Credit Agreement to an Eligible Assignee which shall assume such assigned obligations (which Eligible Assignee may be another Lender, if a Lender accepts such assignment); provided that
(a) such assignment shall not conflict with any law, rule or regulation or order of any court or other Governmental Authority and (b) the Borrowers or such Eligible Assignee shall have paid to the assigning Lender in immediately available
funds the principal of and interest accrued to the date of such payment on the portion of the Loans hereunder held by such assigning Lender and all other amounts owed to such assigning Lender hereunder, including amounts owed pursuant to Sections
4.1 through 4.4 hereof. 
 SECTION 5. LETTERS OF CREDIT 

5.1 L/C Commitment. (a) As of the Closing Date, the existing letters of credit set forth on Schedule 5.1 shall be
deemed Letters of Credit hereunder. Subject to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other Lenders set forth in Section 5.4(a), agrees to issue new letters of credit (“Letters of
Credit”) for the account of the relevant Borrower on any Business Day from the Closing Date until the date that is ten Business Days prior to the Maturity Date in such form as may be approved from time to time by such Issuing Lender; provided
that such Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment or (ii) the aggregate amount of the Utilized Revolving
Commitments would be greater than the Revolving Loan Commitments. Each Letter of Credit shall (i) be denominated in Dollars, (ii) have a face amount of at least $1,000,000 (unless otherwise agreed by the applicable Issuing Lender) and
expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the date that is five Business Days prior to the Maturity Date; provided, that, if one or more Letters of Credit shall at any time have an
expiry date that is later than the 
  

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Maturity Date, the relevant Borrower shall, not later than (i) five days preceding the Maturity Date, deposit in a cash collateral account established with the Administrative Agent, on terms
and conditions satisfactory to the Administrative Agent, an amount equal to the L/C Obligations with respect to such Letters of Credit, if the relevant Borrower’s Rating in effect is at least BBB-as published by S&P, is at least Baa3 as
published by Moody’s and is at least BBB- as published by Fitch or (ii) fifteen days preceding the Maturity Date, deposit in a cash collateral account established with the Administrative Agent an amount equal to the L/C Obligations with
respect to such Letters of Credit if the relevant Borrower’s Rating in effect is lower than BBB- as published by S&P, is lower than Baa3 as published by Moody’s or is lower than BBB- as published by Fitch; provided, further,
that the obligations under this Section 5 in respect of such Letters of Credit of (i) the Borrowers shall survive the Maturity Date and shall remain in effect until no such Letters of Credit remain outstanding and (ii) each Lender
shall be reinstated, to the extent any such cash collateral, the application thereof or reimbursement in respect thereof is required to be returned to the Borrowers by an Issuing Lender after the Maturity Date. Amounts held in such cash collateral
account shall be held and applied by the Administrative Agent in the manner and for the purposes set forth in Section 10.2(c). 

(b) No Issuing Lender shall at any time be obligated to issue any Letter of Credit if such issuance would conflict with, or cause such
Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law. 
 5.2 Procedure
for Issuance of Letter of Credit. The Borrowers may from time to time request that an Issuing Lender issue a Letter of Credit by delivering to such Issuing Lender at its address for notices specified herein an Application therefor, completed to
the satisfaction of such Issuing Lender and such other certificates, documents and other papers and information as such Issuing Lender may request. Upon receipt of any Application, such Issuing Lender will process such Application and the
certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall such Issuing Lender
be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such
Letter of Credit to the beneficiary thereof or as otherwise may be agreed to by such Issuing Lender and the relevant Borrower. The Issuing Lender shall furnish a copy of such Letter of Credit to the relevant Borrower promptly following the issuance
thereof. The Issuing Lender shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the Lenders, notice of the issuance of each Letter of Credit (including the amount thereof). 

5.3 Fees and Other Charges. (a) The Borrowers will pay a fee (“Letter of Credit Fees”) on all outstanding
Letters of Credit at a per annum rate equal to the Applicable Percentage then in effect with respect to Eurodollar Loans, shared ratably among the Lenders and payable quarterly in arrears on each Fee Payment Date after the issuance date. In
addition, the relevant Borrower shall pay to each Issuing Lender for its own account a fronting fee on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each Fee Payment Date after the issuance date.

  

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 (b) In addition to the foregoing fees, the relevant Borrower shall pay or reimburse each
Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. 

5.4 L/C Participations. (a) Each Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant, and,
to induce each Issuing Lender to issue Letters of Credit, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from such Issuing Lender, on the terms and conditions set forth below, for such L/C
Participant’s own account and risk an undivided interest equal to such L/C Participant’s Commitment Percentage in such Issuing Lender’s obligations and rights under and in respect of each Letter of Credit and the amount of each draft
paid by such Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees with each Issuing Lender that, if a draft is paid under any Letter of Credit for which such Issuing Lender is not reimbursed in full by the relevant
Borrower in accordance with the terms of this Credit Agreement, such L/C Participant shall pay to such Issuing Lender upon demand at such Issuing Lender’s address for notices specified herein an amount equal to such L/C Participant’s
Commitment Percentage of the amount of such draft, or any part thereof, that is not so reimbursed. 
 (b) If any amount required
to be paid by any L/C Participant to an Issuing Lender pursuant to Section 5.4(a) in respect of any unreimbursed portion of any payment made by such Issuing Lender under any Letter of Credit is paid to such Issuing Lender within three Business
Days after the date such payment is due, such L/C Participant shall pay to such Issuing Lender on demand an amount equal to the product of (i) such amount, times (ii) the daily average Federal Funds Rate during the period from and
including the date such payment is required to the date on which such payment is immediately available to such Issuing Lender, times (iii) a fraction the numerator of which is the number of days that elapse during such period and the
denominator of which is 360. If any such amount required to be paid by any L/C Participant pursuant to Section 5.4(a) is not made available to an Issuing Lender by such L/C Participant within three Business Days after the date such payment is
due, such Issuing Lender shall be entitled to recover from such L/C Participant, on demand, such amount with interest thereon calculated from such due date at the Adjusted Base Rate. A certificate of such Issuing Lender submitted to any L/C
Participant with respect to any amounts owing under this Section shall be conclusive in the absence of manifest error. 
 (c)
Whenever, at any time after any Issuing Lender has made payment under any Letter of Credit and has received from any L/C Participant its pro rata share of such payment in accordance with Section 5.4(a), such Issuing Lender
receives any payment related to such Letter of Credit (whether directly from the Borrowers or otherwise, including proceeds of collateral applied thereto by such Issuing Lender), or any payment of interest on account thereof, such Issuing Lender
will distribute to such L/C Participant its pro rata share thereof; provided, however, that in the event that any such payment received by an Issuing Lender shall be required to be returned by such Issuing Lender, such
L/C Participant shall return to such Issuing Lender the portion thereof previously distributed by such Issuing Lender to it. 

5.5 Reimbursement Obligation of the Borrowers. The Borrowers agree to reimburse each Issuing Lender on the Business Day next
succeeding each Business Day on 
  

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which such Issuing Lender notifies the relevant Borrower of the date and amount of a draft presented under any Letter of Credit and paid by such Issuing Lender for the amount of (a) such
draft so paid and (b) any taxes, fees, charges or other costs or expenses incurred by such Issuing Lender in connection with such payment. Each such payment shall be made to the Issuing Lender at its address for notices referred to herein in
Dollars and in immediately available funds. Interest shall be payable on any such amounts from the date on which the relevant draft is paid until payment in full (i) at the Adjusted Base Rate until the Business Day next succeeding the date of
the relevant notice and (ii) thereafter, at the rate set forth in Section 3.1(b). 
 5.6 Obligations Absolute.
The Borrowers’ obligations under this Section 5 shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that any Borrower may have or have had against the
Issuing Lender, any beneficiary of a Letter of Credit or any other Person. The Borrowers also agree with the Issuing Lender that the Issuing Lender shall not be responsible for, and the relevant Borrower’s Reimbursement Obligations under
Section 5.5 shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or
among any Borrower and any beneficiary of any Letter of Credit or any other party to which such Letter of Credit may be transferred or any claims whatsoever of any Borrower against any beneficiary of such Letter of Credit or any such transferee. The
Issuing Lender shall not be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit, except for errors or omissions found by a
final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Issuing Lender. The Borrowers agree that any action taken or omitted by the Issuing Lender under or in
connection with any Letter of Credit or the related drafts or documents, if done in the absence of gross negligence or willful misconduct and in accordance with the standards of care specified in the Uniform Commercial Code of the State of New York,
shall be binding on the Borrowers and shall not result in any liability of the Issuing Lender to the Borrowers. 
 5.7 Letter
of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the relevant Borrower of the date and amount thereof. The responsibility of the Issuing Lender to the relevant
Borrower in connection with any draft presented for payment under any Letter of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft)
delivered under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter of Credit, subject to Section 5.6. 

5.8 Applications. To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the
provisions of this Section 5, the provisions of this Section 5 shall control. 
  

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 SECTION 6. CONDITIONS PRECEDENT 

6.1 Closing Conditions. 

The obligation of the Lenders to enter into the Credit Documents is subject to satisfaction of the following conditions (all documents
described below to be in form and substance acceptable to the Lenders), on or before February 28, 2006: 
 (a) Credit
Documents. Receipt by the Administrative Agent of duly executed copies of: (i) this Credit Agreement and (ii) the other Credit Documents. 

(b) Corporate Documents. Receipt by the Administrative Agent of the following: 

(i) Charter Documents. Copies of the articles of incorporation or other charter documents of each Borrower
certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation and certified by a secretary or assistant secretary of the relevant Borrower to be true and
correct as of the Closing Date. 
 (ii) Bylaws. A copy of the bylaws of each Borrower certified by a
secretary or assistant secretary of the relevant Borrower to be true and correct as of the Closing Date. 
 (iii)
Resolutions. Copies of resolutions of the Board of Directors of each Borrower approving and adopting the Credit Documents, the transactions contemplated herein and therein and authorizing execution and delivery thereof, certified by a
secretary or assistant secretary of the relevant Borrower to be true and correct and in force and effect as of the Closing Date. 

(iv) Good Standing. Copies of (a) certificates of good standing, existence or its equivalent with respect to
each Borrower certified as of a recent date by the appropriate Governmental Authorities of its jurisdiction of incorporation and (b) to the extent available, a certificate indicating payment of all corporate franchise taxes certified as of a
recent date by the appropriate Governmental Authorities of each Borrower’s jurisdiction of incorporation. 
 (c) Closing
Certificate. Receipt by the Administrative Agent of a certificate of each Borrower, dated the Closing Date, substantially in the form of Exhibit 6.1(c), executed by any Assistant Treasurer and the Secretary or any Assistant Secretary of such
Borrower, and attaching the documents referred to in subsections 6.1(b). 
 (d) Outstanding Facilities. (i) The
Existing DRI/CNG Facility shall have been, or shall simultaneously with the Closing Date be, reduced dollar-for-dollar by an amount equal to the Revolving Loan Commitment in excess of $2,500,000,000; and (ii) the revolving loan commitments
under the existing $2,500,000,000 Five-Year Credit Agreement, dated as of May 12, 2005 among the Borrowers, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A. as administrative agent, shall have been terminated and all
amounts owing thereunder shall have been paid in full. 
 (e) Fees. The Lenders and the Administrative Agent shall have
received all fees required to be paid, and all expenses for which invoices have been presented. 
  

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 (f) Opinion of Counsel. Receipt by the Administrative Agent of an opinion, or
opinions, satisfactory in form and content to the Administrative Agent and the Lenders, addressed to the Administrative Agent and each of the Lenders and dated as of the Closing Date, substantially in the form of Exhibit 6.1(f), from
McGuireWoods LLP, legal counsel to the Borrowers. 
 (g) Financial Statements. Receipt and approval by the Administrative
Agent and the Lenders of the audited financial statements of each Borrower and its Consolidated Subsidiaries for each of the fiscal years ended as of December 31, 2003 and December 31, 2004 and the unaudited financial statements of each
Borrower and its Consolidated Subsidiaries dated as of September 30, 2005. 
 (h) Consents. Receipt by the
Administrative Agent of a written representation from each Borrower that (i) all governmental, shareholder and third party consents and approvals necessary or, in the reasonable opinion of the Administrative Agent, advisable in connection with
the transactions contemplated hereby have been received and are in full force and effect and (ii) no condition or requirement of law exists which could reasonably be likely to restrain, prevent or impose any material adverse condition on the
transactions contemplated hereby, and receipt by the Administrative Agent of copies of any required orders of the Virginia State Corporation Commission or any other state utilities commission approving the relevant Borrower’s execution,
delivery and performance of this Credit Agreement and the borrowings hereunder. 
 (i) No Default; Representations and
Warranties. As of the Closing Date (i) there shall exist no Default or Event of Default by any Borrower and (ii) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all
material respects. 
 (j) Material Adverse Effect. No event or condition shall have occurred since the dates of the
financial statements delivered pursuant to Section 6.1(g) above that has or would be likely to have a Material Adverse Effect on the Borrowers. 

(k) Other. Receipt by the Lenders of such other documents, instruments, agreements or information as reasonably requested by any
Lender. 
 The Administrative Agent shall provide written notice to the Borrowers and the Lenders upon the occurrence of the
Effective Date (as defined in Section 12.15). 
 6.2 Conditions to Loans and Letters of Credit. 

In addition to the conditions precedent stated elsewhere herein, the Lenders shall not be obligated to make new Loans to any Borrower
(including the initial Loans to be made hereunder) or to issue, renew or participate in any Letter of Credit unless: 
 (a)
Request. Such Borrower shall have timely delivered a duly executed and completed Notice of Borrowing, Competitive Bid Request or Application, as applicable, in conformance with all the terms and conditions of this Credit Agreement.

  

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 (b) Representations and Warranties. The representations and warranties made by such
Borrower in or pursuant to the Credit Documents are true and correct in all material respects at and as if made as of the date of the funding of the Loans or issuance or renewal of any Letter of Credit or, if any such representation and warranty was
made as of a specific date, such representation and warranty was true and correct in all material respects as of such date; provided, however, that the representation and warranty set forth in clause (ii) of the second paragraph
of Section 7.6 hereof need not be true and correct as a condition to the making of any Loans or the issuance, renewal or participations in any Letter of Credit made after the Closing Date. 

(c) No Default. On the date of the funding of the Loans or issuance or renewal of any Letter of Credit, no Default or Event of
Default with respect to such Borrower has occurred and is continuing or would be caused by making the Loans or issuing the Letter of Credit. 

(d) Availability. Immediately after giving effect to the making of a Loan (and the application of the proceeds thereof) or
issuance or renewal of the Letter of Credit, the sum of Loans outstanding and the L/C Obligations shall not exceed the Revolving Loan Commitment. 

The delivery of each Notice of Borrowing and Application shall constitute a representation and warranty by such Borrower of the
correctness of the matters specified in subsections (b), (c) and (d) above. 
 SECTION 7. REPRESENTATIONS AND
WARRANTIES 
 Each Borrower, severally and not jointly, hereby represents and warrants to each Lender that: 

7.1 Organization and Good Standing. 

Such Borrower and each Material Subsidiary of such Borrower (other than any Material Subsidiary that is not a corporation) (a) is a
corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, (b) is duly qualified and in good standing as a foreign corporation authorized to do business in every jurisdiction
where the failure to so qualify would have a Material Adverse Effect on such Borrower and (c) has the requisite corporate power and authority to own its properties and to carry on its business as now conducted and as proposed to be conducted.
Each Material Subsidiary of such Borrower that is not a corporation (a) is a legal entity duly organized, existing and in good standing under the laws of its jurisdiction of organization, (b) is registered or qualified as an entity
authorized to do business in every jurisdiction where the failure to be so registered or qualified would have a Material Adverse Effect on such Borrower and (c) has the requisite power and authority to own its properties and to carry on its
business as now conducted and as proposed to be conducted. 
 7.2 Due Authorization. 

Such Borrower (a) has the requisite corporate power and authority to execute, deliver and perform this Credit Agreement and the other
Credit Documents and to incur the obligations herein and therein provided for and (b) is duly authorized to, and has been authorized by all necessary corporate action, to execute, deliver and perform this Credit Agreement and the other Credit
Documents. 
  

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 7.3 No Conflicts. 

Neither the execution and delivery of the Credit Documents and the consummation of the transactions contemplated therein, nor the
performance of and compliance with the terms and provisions thereof by such Borrower will (a) violate or conflict with any provision of its articles of incorporation or bylaws, (b) violate, contravene or materially conflict with any law,
regulation (including without limitation, Regulation U or Regulation X), order, writ, judgment, injunction, decree or permit applicable to it, (c) violate, contravene or materially conflict with contractual provisions of, or cause an event of
default under, any indenture, loan agreement, mortgage, deed of trust, contract or other agreement or instrument to which it is a party or by which it may be bound, the violation of which could have a Material Adverse Effect on such Borrower or
(d) result in or require the creation of any Lien upon or with respect to its properties. 
 7.4 Consents.

 No consent, approval, authorization or order of, or filing, registration or qualification with, any court or Governmental
Authority or third party is required to be obtained or made by such Borrower in connection with such Borrower’s execution, delivery or performance of this Credit Agreement or any of the other Credit Documents that has not been obtained or made,
other than any filings with the Securities and Exchange Commission and other Governmental Authorities that may be required to be made after the date hereof. 

7.5 Enforceable Obligations. 

This Credit Agreement and the other Credit Documents have been duly executed and delivered and constitute legal, valid and binding
obligations of such Borrower enforceable against such Borrower in accordance with their respective terms, except as may be limited by bankruptcy or insolvency laws or similar laws affecting creditors’ rights generally or by general equitable
principles. 
 7.6 Financial Condition. 

The financial statements provided to the Lenders pursuant to Section 6.1(g) and pursuant to Section 8.1(a) and (b) present
fairly the financial condition, results of operations and cash flows of such Borrower and its Consolidated Subsidiaries as of the dates stated therein. 

In addition, (i) such financial statements were prepared in accordance with GAAP and (ii) since the latest date of such
financial statements, there have occurred no changes or circumstances which have had or would be reasonably expected to have a Material Adverse Effect on such Borrower. 
  

 39 

 7.7 No Default. 

Neither such Borrower nor any of its Material Subsidiaries is in default in any respect under any contract, lease, loan agreement,
indenture, mortgage, security agreement or other agreement or obligation to which it is a party or by which any of its properties is bound which default would have or would be reasonably expected to have a Material Adverse Effect on such Borrower.

 7.8 Indebtedness. 

As of the Closing Date, such Borrower has no Indebtedness except as disclosed in the financial statements referenced in
Section 6.1(g) and on Schedule 7.8. 
 7.9 Litigation. 

Except as disclosed in such Borrower’s Annual Report on Form 10-K for the year ended December 31, 2004 and such Borrower’s
Quarterly Report on Form 10-Q for the quarter ended September 30, 2005, there are no actions, suits or legal, equitable, arbitration or administrative proceedings, pending or, to the knowledge of such Borrower, threatened against such Borrower
or a Material Subsidiary of such Borrower in which there is a reasonable possibility of an adverse decision which would have or would reasonably be expected to have a Material Adverse Effect on such Borrower. 

7.10 Taxes. 

Such Borrower and each Material Subsidiary of such Borrower has filed, or caused to be filed, all material tax returns (federal, state,
local and foreign) required to be filed by it and paid all amounts of taxes shown thereon to be due (including interest and penalties) and has paid all other material taxes, fees, assessments and other governmental charges (including mortgage
recording taxes, documentary stamp taxes and intangibles taxes) owing by it, except for such taxes which are not yet delinquent or that are being contested in good faith and by proper proceedings, and against which adequate reserves are being
maintained in accordance with GAAP. 
 7.11 Compliance with Law. 

Except as disclosed in such Borrower’s Annual Report on Form 10-K for the year ended December 31, 2004 and such Borrower’s
Quarterly Report for the quarter ended September 30, 2005, such Borrower and each Material Subsidiary of such Borrower is in compliance with all laws, rules, regulations, orders and decrees applicable to it, or to its properties, unless such
failure to comply would not have a Material Adverse Effect on such Borrower. 
 7.12 ERISA. 

(a) No Reportable Event has occurred and is continuing with respect to any Plan of such Borrower; (b) no Plan of such Borrower has an
accumulated funding deficiency determined under Section 412 of the Code; (c) no proceedings have been instituted, or, to the knowledge of such Borrower, planned to terminate any Plan of such Borrower; (d) neither such Borrower, nor
any member of a Controlled Group including such Borrower, nor any duly-
  

 40 

 
appointed administrator of a Plan of such Borrower has instituted or intends to institute proceedings to withdraw from any Multiemployer Pension Plan (as defined in Section 3(37) of ERISA);
and (e) each Plan of such Borrower has been maintained and funded in all material respects in accordance with its terms and with the provisions of ERISA applicable thereto. 

7.13 Government Regulation. 

Such Borrower is not an “investment company” registered or required to be registered under the Investment Company Act of 1940,
as amended (the “Investment Company Act”), and is not controlled by such a company, nor is otherwise subject to regulation under the Investment Company Act. 

7.14 Solvency. 

Such Borrower is and, after the consummation of the transactions contemplated by this Credit Agreement and the other Credit Documents,
will be Solvent. 
 SECTION 8. AFFIRMATIVE COVENANTS 

Each Borrower, severally but not jointly, hereby covenants and agrees that so long as this Credit Agreement is in effect and until the
Loans made to it, together with interest, fees and other obligations hereunder, have been paid in full and the Commitments and all Letters of Credit hereunder shall have terminated: 

8.1 Information Covenants. 

Such Borrower will furnish, or cause to be furnished, to the Administrative Agent and each Lender: 

(a) Annual Financial Statements. As soon as available, and in any event within 120 days after the close of each fiscal year of
such Borrower, a Form 10-K as required to be filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and the Exchange Act, which includes financial information required by such Form 10-K, such financial
information to be in reasonable form and detail and audited by Deloitte & Touche or another independent registered public accounting firm of recognized national standing reasonably acceptable to the Administrative Agent and whose opinion
shall be to the effect that such financial statements have been prepared in accordance with GAAP (except for changes with which such accountants concur) and shall not be limited as to the scope of the audit or qualified in any respect. 

(b) Quarterly Financial Statements. As soon as available, and in any event within 60 days after the close of each of the first
three fiscal quarters of such Borrower a Form 10-Q as required to be filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and the Exchange Act, which includes the financial information required by such Form
10-Q, such financial information to be in reasonable form and detail and accompanied by a certificate of the chief financial officer or treasurer of such Borrower to the effect that such quarterly financial statements fairly present in all material
respects the financial condition of such Borrower and have been prepared in accordance with GAAP, subject to changes resulting from audit and normal year-end audit adjustments. 

 

 41 

 (c) Officer’s Certificate. At the time of delivery of the financial statements
provided for in Sections 8.1(a) and 8.1(b) above, a certificate of the chief financial officer or treasurer of such Borrower, substantially in the form of Exhibit 8.1(c), (i) demonstrating compliance with the financial covenant contained
in Section 8.11 by calculation thereof as of the end of each such fiscal period and (ii) stating that no Default or Event of Default by such Borrower exists, or if any such Default or Event of Default does exist, specifying the nature and
extent thereof and what action such Borrower proposes to take with respect thereto. 
 (d) Reports. Promptly upon
transmission or receipt thereof, copies of any filings and registrations with, and reports to or from, the Securities and Exchange Commission, or any successor agency, and copies of all financial statements, proxy statements, notices and reports as
Dominion Resources shall send to its shareholders. 
 (e) Notices. Upon such Borrower obtaining knowledge thereof, such
Borrower will give written notice to the Administrative Agent immediately of (i) the occurrence of an event or condition consisting of a Default or Event of Default by such Borrower, specifying the nature and existence thereof and what action
such Borrower proposes to take with respect thereto and (ii) the occurrence of any of the following: (A) the pendency or commencement of any litigation, arbitral or governmental proceeding against such Borrower or a Material Subsidiary of
such Borrower which, if adversely determined, is likely to have a Material Adverse Effect on such Borrower, (B) the institution of any proceedings against such Borrower or a Material Subsidiary of such Borrower with respect to, or the receipt
of notice by such Person of potential liability or responsibility for violation, or alleged violation of any federal, state or local law, rule or regulation, the violation of which would likely have a Material Adverse Effect on such Borrower or
(C) any notice or determination concerning the imposition of any withdrawal liability by a Multiemployer Plan against such Borrower or any of its ERISA Affiliates, the determination that a Multiemployer Plan is, or is expected to be, in
reorganization within the meaning of Title IV of ERISA or the termination of any Plan of such Borrower. 
 (f) Other
Information. With reasonable promptness upon any such request, such other information regarding the business, properties or financial condition of such Borrower as the Administrative Agent or the Required Lenders may reasonably request.

 In lieu of furnishing the Lenders the items referred to in this Section 8.1, the Borrower may make available such items
on the Borrower’s corporate website, any Securities and Exchange Commission website or any such other publicly available website as notified to the Administrative Agent and the Lenders. 

8.2 Preservation of Existence and Franchises. 

Such Borrower will do (and will cause each of its Material Subsidiaries to do) all things necessary to preserve and keep in full force and
effect its (i) existence and (ii) to the extent material to the conduct of the business of the Borrower or any of its Material Subsidiaries, its rights, franchises and authority; provided that nothing in this Section 8.2 shall
prevent any 
  

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transaction otherwise permitted under Section 9.2 or Section 9.3 or any change in the form of organization (by merger or otherwise) of any Material Subsidiary of any Borrower so long as
such change shall not have an adverse effect on such Borrower’s ability to perform its obligations hereunder. 
 8.3
Books and Records. 
 Such Borrower will keep (and will cause each of its Material Subsidiaries to keep) complete and
accurate books and records of its transactions in accordance with good accounting practices on the basis of GAAP (including the establishment and maintenance of appropriate reserves). 

8.4 Compliance with Law. 

Such Borrower will comply (and will cause each of its Material Subsidiaries to comply) with all laws, rules, regulations and orders, and
all applicable restrictions imposed by all Governmental Authorities, applicable to it and its property if noncompliance with any such law, rule, regulation, order or restriction would be reasonably expected to have a Material Adverse Effect on such
Borrower. 
 8.5 Payment of Taxes. 

Such Borrower will pay and discharge all material taxes, assessments and governmental charges or levies imposed upon it, or upon its
income or profits, or upon any of its properties, before they shall become delinquent; provided, however, that such Borrower shall not be required to pay any such tax, assessment, charge, levy, or claim which is being contested in good
faith by appropriate proceedings and as to which adequate reserves therefor have been established in accordance with GAAP. 

8.6 Insurance. 

Such Borrower will at all times maintain in full force and effect insurance (including worker’s compensation insurance, liability
insurance and casualty insurance) in such amounts, covering such risks and liabilities and with such deductibles or self-insurance retentions as are in accordance with normal industry practice. 

8.7 Performance of Obligations. 

Such Borrower will perform (and will cause each of its Material Subsidiaries to perform) in all material respects all of its obligations
under the terms of all agreements that are material to the conduct of the business of the Borrower or any of its Material Subsidiaries and all indentures, mortgages, security agreements or other debt instruments to which it is a party or by which it
is bound. 
 8.8 ERISA. 

Such Borrower and each of its ERISA Affiliates will (a) at all times make prompt payment of all contributions (i) required under
all employee pension benefit plans (as defined in 
  

 43 

 
Section 3(2) of ERISA) (“Pension Plans”) and (ii) required to meet the minimum funding standard set forth in ERISA with respect to each of its Plans; (b) promptly
upon request, furnish the Administrative Agent and the Lenders copies of each annual report/return (Form 5500 Series), as well as all schedules and attachments required to be filed with the Department of Labor and/or the Internal Revenue Service
pursuant to ERISA, and the regulations promulgated thereunder, in connection with each of its Pension Plans for each Plan Year (as defined in ERISA); (c) notify the Administrative Agent immediately of any fact, including, but not limited to,
any Reportable Event arising in connection with any of its Plans, which might constitute grounds for termination thereof by the PBGC or for the appointment by the appropriate United States District Court of a trustee to administer such Plan,
together with a statement, if requested by the Administrative Agent, as to the reason therefor and the action, if any, proposed to be taken in respect thereof; and (d) furnish to the Administrative Agent, upon its request, such additional
information concerning any of its Plans as may be reasonably requested. Such Borrower will not nor will it permit any of its ERISA Affiliates to (A) terminate a Plan if any such termination would have a Material Adverse Effect on such Borrower
or (B) cause or permit to exist any Reportable Event under ERISA or other event or condition which presents a material risk of termination at the request of the PBGC if such termination would have a Material Adverse Effects. 

8.9 Use of Proceeds. 

The proceeds of the Loans made to each Borrower hereunder may be used solely (a) to provide credit support for such Borrower’s
commercial paper, (b) for working capital of such Borrower and its Subsidiaries and (c) for other general corporate purposes. 

None of the proceeds of the Loans made to such Borrower hereunder will be used for the purpose of purchasing or carrying any “margin
stock” which violates Regulation U or Regulation X or for the purpose of reducing or retiring in violation of Regulation U or Regulation X any Indebtedness which was originally incurred to purchase or carry “margin stock” or for any
other purpose which might constitute this transaction a “purpose credit” in violation of Regulation U or Regulation X. 

8.10 Audits/Inspections. 

Upon reasonable notice, during normal business hours and in compliance with the reasonable security procedures of such Borrower, such
Borrower will permit representatives appointed by the Administrative Agent or the Required Lenders (or, upon a Default or Event of Default, any Lender), including, without limitation, independent accountants, agents, attorneys, and appraisers to
visit and inspect such Borrower’s property, including its books and records, its accounts receivable and inventory, the Borrower’s facilities and its other business assets, and to make photocopies or photographs thereof and to write down
and record any information such representative obtains and shall permit the Required Lenders (or, upon a Default or Event of Default, any Lender) or the Administrative Agent or its representatives to investigate and verify the accuracy of
information provided to the Lenders and to discuss all such matters with the officers, employees and representatives of such Borrower. 
  

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 8.11 Total Funded Debt to Capitalization. 

The ratio of (a) Total Funded Debt to (b) Capitalization for each Borrower shall at all times be less than or equal to .65 to
1.00 (each on a consolidated basis). 
 SECTION 9. NEGATIVE COVENANTS 

Each Borrower, severally but not jointly, hereby covenants and agrees that so long as this Credit Agreement is in effect and until the
Loans, together with interest, fees and other obligations hereunder, have been paid in full and the Commitments and all Letters of Credit hereunder shall have terminated: 

9.1 Nature of Business. 

Such Borrower will not alter the character of its business from that conducted as of the Closing Date and activities reasonably related
thereto and similar and related businesses; provided, however, that the Borrower may transfer Non-Regulated Assets to one or more Wholly-Owned Subsidiaries of DRI to the extent permitted under Section 9.3. 

9.2 Consolidation and Merger. 

Such Borrower will not enter into any transaction of merger or consolidation or liquidate, wind up or dissolve itself (or suffer any
liquidation or dissolution); provided that notwithstanding the foregoing provisions of this Section 9.2, the following actions may be taken if, after giving effect thereto, no Default or Event of Default by such Borrower exists: 

(a) a Subsidiary of such Borrower may be merged or consolidated with or into any Borrower; provided that a Borrower shall be the
continuing or surviving entity; 
 (b) such Borrower may merge or consolidate with any other Person if either (i) such
Borrower shall be the continuing or surviving entity or (ii) such Borrower shall not be the continuing or surviving entity and the entity so continuing or surviving (A) is an entity organized and duly existing under the law of any state of
the United States and (B) executes and delivers to the Administrative Agent and the Lenders an instrument in form satisfactory to the Required Lenders pursuant to which it expressly assumes the Loans of such Borrower and all of the other
obligations of such Borrower under the Credit Documents and procures for the Administrative Agent and each Lender an opinion in form satisfactory to the Required Lenders and from counsel satisfactory to the Required Lenders in respect of the due
authorization, execution, delivery and enforceability of such instrument and covering such other matters as the Required Lenders may reasonably request; and 

(c) such Borrower may be merged or consolidated with or into any other Borrower. 

9.3 Sale or Lease of Assets. 

Such Borrower will not convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions, all or
substantially all of its business or assets whether 
  

 45 

 
now owned or hereafter acquired, it being understood and agreed that any Borrower (or any Material Subsidiary of a Borrower) may transfer Non-Regulated Assets to one or more Wholly-Owned
Subsidiaries of Dominion Resources, provided that (i) each such Wholly-Owned Subsidiary remains at all times a Wholly-Owned Subsidiary of Dominion Resources and (ii) the Ratings of Dominion Resources and such Borrower will not be
lowered to less than BBB by S&P, Baa2 by Moody’s or BBB by Fitch in connection with or as a result of such transfer. 

9.4 Limitation on Liens. 

In the case of VaPower, VaPower shall not, nor shall it permit any of its Material Subsidiaries to, create, incur, assume or suffer to
exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, except for (i) Liens permitted by the VaPower Indenture and (ii) Liens created in the ordinary course of business. 

In the case of CNG, if CNG shall pledge, mortgage or hypothecate, or permit any Lien upon, any property or assets at any time owned by
CNG and by reason thereof CNG would under the CNG Indenture be obligated to cause the securities outstanding under the CNG Indenture as from time to time in effect to be secured by such pledge, mortgage, hypothecation or other Lien, CNG shall
concurrently make effective provision whereby the Loans outstanding hereunder will be equally and ratably secured with any and all other indebtedness thereby secured. 

In the case of Dominion Resources, if Dominion Resources shall pledge as security for any indebtedness or obligations, or permit any Lien
as security for Indebtedness or obligations upon, any capital stock owned by it on the date hereof or thereafter acquired, of any of its Material Subsidiaries, Dominion Resources will secure the outstanding Loans ratably with the indebtedness or
obligations secured by such pledge, except for Liens incurred or otherwise arising in the ordinary course of business. 
 9.5
Fiscal Year. 
 Such Borrower will not change its fiscal year without prior notification to the Lenders. 

SECTION 10. EVENTS OF DEFAULT 

10.1 Events of Default. 

An Event of Default with respect to a Borrower shall exist upon the occurrence and continuation of any of the following specified events
with respect to such Borrower (each an “Event of Default”): 
 (a) Payment. Such Borrower shall:

 (i) default in the payment when due of any principal of any of the Loans or Reimbursement Obligations, or
shall fail to deliver to the Administrative Agent, when due, any cash collateral required to be provided in accordance with Section 5.1(a); or 
  

 46 

 (ii) default, and such default shall continue for five or more Business
Days, in the payment when due of any interest on the Loans or of any fees or other amounts owing hereunder, under any of the other Credit Documents or in connection herewith. 

(b) Representations. Any representation, warranty or statement made or deemed to be made by such Borrower herein, in any of the
other Credit Documents, or in any statement or certificate delivered or required to be delivered pursuant hereto or thereto shall prove untrue in any material respect on the date as of which it was deemed to have been made. 

(c) Covenants. Such Borrower shall: 

(i) default in the due performance or observance of any term, covenant or agreement contained in Sections 8.2, 8.9, 8.11
or 9.1 through 9.5, inclusive; or 
 (ii) default in the due performance or observance by it of any term,
covenant or agreement contained in Section 8.1(a), (b), (c) or (e) and such default shall continue unremedied for a period of five Business Days after the earlier of such Borrower becoming aware of such default or notice thereof given
by the Administrative Agent; or 
 (iii) default in the due performance or observance by it of any term, covenant
or agreement (other than those referred to in subsections (a), (b), (c)(i), or (c)(ii) of this Section 10.1) contained in this Credit Agreement or any other Credit Document and such default shall continue unremedied for a period of at least 30
days after the earlier of such Borrower becoming aware of such default or notice thereof given by the Administrative Agent. 

(d) Credit Documents. Any Credit Document shall fail to be in full force and effect in all material respects with respect to such
Borrower or to give the Administrative Agent and/or the Lenders all material security interests, liens, rights, powers and privileges purported to be created thereby and relating to such Borrower. 

(e) Bankruptcy, etc. The occurrence of any of the following with respect to such Borrower or a Material Subsidiary of such
Borrower (i) a court or governmental agency having jurisdiction in the premises shall enter a decree or order for relief in respect of such Borrower or a Material Subsidiary of such Borrower in an involuntary case under any applicable
bankruptcy, insolvency or other similar law now or hereafter in effect, or appoint a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of such Borrower or a Material Subsidiary of such Borrower or for any
substantial part of its property or ordering the winding up or liquidation of its affairs; or (ii) an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect is commenced against such
Borrower or a Material Subsidiary of such Borrower and such petition remains unstayed and in effect for a period of 60 consecutive days; or (iii) such Borrower or a Material Subsidiary of such Borrower shall commence a voluntary case under any
applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the appointment or taking possession by a receiver,
liquidator, assignee, custodian, trustee, sequestrator or similar official of such Person or any substantial part of its property or make any general assignment for the benefit of creditors; or (iv) such Borrower

  

 47 

 
or a Material Subsidiary of such Borrower shall admit in writing its inability to pay its debts generally as they become due or any action shall be taken by such Person in furtherance of any of
the aforesaid purposes. 
 (f) Defaults under Other Agreements. With respect to any Indebtedness (other than Indebtedness
of such Borrower outstanding under this Credit Agreement) of such Borrower or a Material Subsidiary of such Borrower in a principal amount in excess of $35,000,000, (i) such Borrower or a Material Subsidiary of such Borrower shall
(A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default (after giving effect to any applicable grace period) in the observance or performance of any
covenant or agreement relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or
condition is to cause, or permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be
declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or (iii) any such Indebtedness matures and is not paid at maturity. 

(g) Judgments. One or more judgments, orders, or decrees shall be entered against such Borrower or a Material Subsidiary of such
Borrower involving a liability of $35,000,000 or more, in the aggregate, (to the extent not paid or covered by insurance provided by a carrier who has acknowledged coverage) and such judgments, orders or decrees shall continue unsatisfied,
undischarged and unstayed for a period ending on the first to occur of (i) the last day on which such judgment, order or decree becomes final and unappealable and, where applicable, with the status of a judicial lien or (ii) 30 days.

 (h) ERISA. (i) Such Borrower, or a Material Subsidiary of such Borrower or any member of the Controlled Group
including such Borrower shall fail to pay when due an amount or amounts aggregating in excess of $35,000,000 which it shall have become liable to pay under Title IV of ERISA; or (ii) notice of intent to terminate a Plan or Plans of such
Borrower which in the aggregate have unfunded liabilities in excess of $35,000,000 (individually and collectively, a “Material Plan”) shall be filed under Title IV of ERISA by such Borrower or any member of the Controlled Group including
such Borrower, any plan administrator or any combination of the foregoing; or (iii) the PBGC shall institute proceedings under Title IV of ERISA to terminate, to impose liability (other than for premiums under Section 4007 of ERISA) in
respect of, or to cause a trustee to be appointed to administer any Material Plan of such Borrower; or (iv) a condition shall exist by reason of which the PBGC would be entitled to obtain a decree adjudicating that any Material Plan of such
Borrower must be terminated; or (v) there shall occur a complete or partial withdrawal from, or a default, within the meaning of Section 4219(c)(5) of ERISA, with respect to, one or more Multiemployer Plans which could cause one or more
members of the Controlled Group including such Borrower to incur a current payment obligation in excess of $35,000,000. 
 (i)
Change of Control. The occurrence of any Change of Control with respect to such Borrower. 
  

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 10.2 Acceleration; Remedies. 

(a) Upon the occurrence of an Event of Default with respect to any Borrower, and at any time thereafter unless and until such Event of
Default has been waived by the Required Lenders or cured to the satisfaction of the Required Lenders, the Administrative Agent may with the consent of the Required Lenders, and shall, upon the request and direction of the Required Lenders, by
written notice to such Borrower take any of the following actions without prejudice to the rights of the Administrative Agent or any Lender to enforce its claims against such Borrower, except as otherwise specifically provided for herein:

 (i) Termination of Commitments. Declare the Commitments with respect to such Borrower (and, if such
Borrower is either VaPower or CNG, then also to Dominion Resources) terminated whereupon the Commitments with respect to such Borrower (and, if such Borrower is either VaPower or CNG, then also to Dominion Resources) shall be immediately terminated.

 (ii) Acceleration of Loans. Declare the unpaid principal of and any accrued interest in respect of all
Loans made to such Borrower (and, if such Borrower is either VaPower or CNG, then also to Dominion Resources) and any and all other indebtedness or obligations of any and every kind (including all amounts of L/C Obligations, whether or not the
beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) owing by such Borrower (and, if such Borrower is either VaPower or CNG, then also by Dominion Resources) to any of the Lenders or the
Administrative Agent hereunder to be due whereupon the same shall be immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by such Borrower (and, if such Borrower is either
VaPower or CNG, then also by Dominion Resources). 
 (iii) Enforcement of Rights. Enforce any and all
rights and interests created and existing under the Credit Documents, including, without limitation, all rights of set-off, as against such Borrower. 

(b) Notwithstanding the foregoing, if an Event of Default specified in Section 10.1(e) shall occur, then the Commitments with
respect to such Borrower (and, if such Borrower is either VaPower or CNG, then also to Dominion Resources) shall automatically terminate and all Loans made to such Borrower (and, if such Borrower is either VaPower or CNG, then also to Dominion
Resources), all accrued interest in respect thereof, all accrued and unpaid fees and other indebtedness or obligations (including all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have
presented the documents required thereunder) owing by such Borrower (and, if such Borrower is either VaPower or CNG, then also by Dominion Resources) to the Lenders and the Administrative Agent hereunder shall immediately become due and payable
without the giving of any notice or other action by the Administrative Agent or the Lenders. 
 (c) With respect to all Letters
of Credit with respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant to this Section 10.2, the Borrowers shall at such time deposit in a cash collateral account established with the

  

 49 

 
Administrative Agent an amount equal to the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash collateral account shall be applied by the
Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other obligations of the
Borrowers hereunder and under the other Credit Documents. After all such Letters of Credit shall have expired or been fully drawn upon, all Reimbursement Obligations shall have been satisfied and all other obligations of the Borrowers hereunder and
under the other Credit Documents shall have been paid in full, the balance, if any, in such cash collateral account shall be returned to the Borrowers (or such other Person as may be lawfully entitled thereto). 

10.3 Allocation of Payments After Event of Default. 

Notwithstanding any other provisions of this Credit Agreement, after the occurrence and during the continuance of an Event of Default with
respect to any Borrower, all amounts collected from such Borrower or received by the Administrative Agent or any Lender on account of amounts outstanding under any of the Credit Documents shall be paid over or delivered as follows: 

FIRST, to the payment of all reasonable out-of-pocket costs and expenses (including without limitation reasonable outside
attorneys’ fees other than the fees of in-house counsel) of the Administrative Agent or any of the Lenders in connection with enforcing the rights of the Lenders under the Credit Documents against such Borrower and any protective advances made
by the Administrative Agent or any of the Lenders, pro rata as set forth below; 
 SECOND, to
payment of any fees owed to the Administrative Agent or any Lender by such Borrower, pro rata as set forth below; 

THIRD, to the payment of all accrued interest payable to the Lenders by such Borrower hereunder, pro rata as
set forth below; 
 FOURTH, to the payment of the outstanding principal amount of the Loans or Letters of Credit
outstanding of such Borrower, pro rata as set forth below; 
 FIFTH, to all other obligations which
shall have become due and payable of such Borrower under the Credit Documents and not repaid pursuant to clauses “FIRST” through “FOURTH” above; and 

SIXTH, the payment of the surplus, if any, to whoever may be lawfully entitled to receive such surplus. 

In carrying out the foregoing, (a) amounts received shall be applied in the numerical order provided until exhausted prior to application to the
next succeeding category and (b) each of the Lenders shall receive an amount equal to its pro rata share (based on each Lender’s Commitment Percentages) of amounts available to be applied. 

 

 50 

 SECTION 11. AGENCY PROVISIONS 

11.1 Appointment. 

Each Lender hereby designates and appoints JPMCB as administrative agent of such Lender to act as specified herein and the other Credit
Documents, and each such Lender hereby authorizes the Administrative Agent, as the agent for such Lender, to take such action on its behalf under the provisions of this Credit Agreement and the other Credit Documents and to exercise such powers and
perform such duties as are expressly delegated by the terms hereof and of the other Credit Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere herein and in the
other Credit Documents, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein and therein, or any fiduciary relationship with any Lender, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this Credit Agreement or any of the other Credit Documents, or shall otherwise exist against the Administrative Agent. The provisions of this Section are solely for the benefit
of the Administrative Agent and the Lenders and no Borrower shall have any rights as a third party beneficiary of the provisions hereof. In performing its functions and duties under this Credit Agreement and the other Credit Documents, the
Administrative Agent shall act solely as agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation or relationship of agency or trust with or for any Borrower. 

11.2 Delegation of Duties. 

The Administrative Agent may execute any of its duties hereunder or under the other Credit Documents by or through agents or
attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with
reasonable care. 
 11.3 Exculpatory Provisions. 

Neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates shall be liable
for any action lawfully taken or omitted to be taken by it or such Person under or in connection herewith or in connection with any of the other Credit Documents (except for its or such Person’s own gross negligence or willful misconduct), or
responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by a Borrower contained herein or in any of the other Credit Documents or in any certificate, report, statement or other document
referred to or provided for in, or received by the Administrative Agent under or in connection herewith or in connection with the other Credit Documents, or enforceability or sufficiency therefor of any of the other Credit Documents, or for any
failure of the Borrowers to perform their respective obligations hereunder or thereunder. The Administrative Agent shall not be responsible to any Lender for the effectiveness, genuineness, validity, enforceability, collectibility or sufficiency of
this Credit Agreement, or any of the other Credit Documents or for any representations, warranties, recitals or statements made herein or therein or made by a Borrower in any written or oral statement or in any financial or other statements,
instruments, reports, certificates or any other documents in connection herewith or therewith furnished or made by the Administrative Agent to the Lenders or by or on behalf of a Borrower to the Administrative Agent or any Lender or be required to
ascertain or 
  

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inquire as to the performance or observance of any of the terms, conditions, provisions, covenants or agreements contained herein or therein or as to the use of the proceeds of the Loans or of
the existence or possible existence of any Default or Event of Default or to inspect the properties, books or records of a Borrower. The Administrative Agent is not a trustee for the Lenders and owes no fiduciary duty to the Lenders. None of the
Lenders identified on the facing page or signature pages of this Credit Agreement as “Syndication Agent” or “Co-Documentation Agents” shall have any right, power, obligation, liability, responsibility or duty under this Credit
Agreement other than those applicable to all Lenders as such, nor shall they have or be deemed to have any fiduciary relationship with any Lender. 

11.4 Reliance on Communications. 

The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any note, writing, resolution, notice,
consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document or conversation reasonably believed by it to be genuine and correct and to have been signed, sent or made by the
proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to a Borrower, independent accountants and other experts selected by the Administrative Agent with reasonable care). The Administrative
Agent may deem and treat the Lenders as the owner of its interests hereunder for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent in accordance with
Section 12.3(b). The Administrative Agent shall be fully justified in failing or refusing to take any action under this Credit Agreement or under any of the other Credit Documents unless it shall first receive such advice or concurrence of the
Required Lenders (or to the extent specifically provided in Section 12.6, all the Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be
incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder or under any of the other Credit Documents in accordance with
a request of the Required Lenders (or to the extent specifically provided in Section 12.6, all the Lenders) and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders (including their
successors and assigns). 
 11.5 Notice of Default. 

The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder
unless the Administrative Agent has received notice from a Lender or the relevant Borrower referring to the Credit Document, describing such Default or Event of Default and stating that such notice is a “notice of default.” In the event
that the Administrative Agent receives such a notice, the Administrative Agent shall give prompt notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be directed by
the Required Lenders (or, to the extent specifically provided in Section 12.6, all the Lenders). 
  

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 11.6 Non-Reliance on Administrative Agent and Other Lenders. 

Each Lender expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents,
attorneys-in-fact or affiliates has made any representations or warranties to it and that no act by the Administrative Agent or any affiliate thereof hereinafter taken, including any review of the affairs of a Borrower, shall be deemed to constitute
any representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender, and based on such
documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, assets, operations, property, financial and other conditions, prospects and creditworthiness of a Borrower and made its own
decision to make its Loans hereunder and enter into this Credit Agreement. Each Lender also represents that it will, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as
it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Credit Agreement, and to make such investigation as it deems necessary to inform itself as to the
business, assets, operations, property, financial and other conditions, prospects and creditworthiness of a Borrower. Except for (i) delivery of the Credit Documents and (ii) notices, reports and other documents expressly required to be
furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, assets, property,
financial or other conditions, prospects or creditworthiness of a Borrower which may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates. 

11.7 Indemnification. 

Each Lender agrees to indemnify the Administrative Agent in its capacity as such (to the extent not reimbursed by a Borrower and without
limiting the obligation of a Borrower to do so), ratably according to its Revolving Loan Commitment, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of
any kind whatsoever which may at any time (including without limitation at any time following the payment of the Loans) be imposed on, incurred by or asserted against the Administrative Agent in its capacity as such in any way relating to or arising
out of this Credit Agreement or the other Credit Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Administrative Agent under or in
connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting
from the gross negligence or willful misconduct of the Administrative Agent. If any indemnity furnished to the Administrative Agent for any purpose shall, in the opinion of the Administrative Agent, be insufficient or become impaired, the
Administrative Agent may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished. The agreements in this Section shall survive the payment of the Loans and all other
amounts payable hereunder and under the other Credit Documents. 
  

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 11.8 Administrative Agent in Its Individual Capacity. 

The Administrative Agent and its Affiliates may make loans to, issue or participate in Letters of Credit for the account of, accept
deposits from and generally engage in any kind of business with a Borrower as though the Administrative Agent were not Administrative Agent hereunder. With respect to the Loans made by it, the Administrative Agent shall have the same rights and
powers under this Credit Agreement as any Lender and may exercise the same as though they were not Administrative Agent, and the terms “Lender” and “Lenders” shall include the Administrative Agent in its individual capacity.

 11.9 Successor Administrative Agent. 

The Administrative Agent may, at any time, resign upon 30 days written notice to the Lenders. Upon any such resignation, the Required
Lenders shall have the right to appoint a successor Administrative Agent. If no successor Administrative Agent shall have been so appointed by the Required Lenders and shall have accepted such appointment, within 30 days after the notice of
resignation, then the retiring Administrative Agent shall select a successor Administrative Agent provided such successor is an Eligible Assignee (or if no Eligible Assignee shall have been so appointed by the retiring Administrative Agent and shall
have accepted such appointment, then the Lenders shall perform all obligations of the retiring Administrative Agent until such time, if any, as a successor Administrative Agent shall have been so appointed and shall have accepted such appointment as
provided for above). Upon the acceptance of any appointment as Administrative Agent hereunder by a successor, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations as Administrative Agent, as appropriate, under this Credit Agreement and the other Credit Documents and the provisions of this
Section 11.9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Credit Agreement. 

SECTION 12. MISCELLANEOUS 

12.1 Notices. 

Except as otherwise expressly provided herein, all notices and other communications shall have been duly given and shall be effective
(a) when delivered, (b) when transmitted via telecopy (or other facsimile device), (c) the Business Day following the day on which the same has been delivered prepaid (or pursuant to an invoice arrangement) to a reputable national
overnight air courier service, or (d) the third Business Day following the day on which the same is sent by certified or registered mail, postage prepaid, in each case to the respective parties at the address or telecopy numbers set forth on
Schedule 12.1, or at such other address as such party may specify by written notice to the other parties hereto. 

Notices and other communications to any Lender hereunder may be delivered or furnished by electronic communications pursuant to
procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Section 2 unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or a
Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or
communications. 
  

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 12.2 Right of Set-Off; Adjustments. 

In addition to any rights now or hereafter granted under applicable law or otherwise, and not by way of limitation of any such rights,
upon the occurrence of an Event of Default by a Borrower and the commencement of remedies described in Section 10.2, each Lender is authorized at any time and from time to time, without presentment, demand, protest or other notice of any kind
(all of which rights being hereby expressly waived), to set-off and to appropriate and apply any and all deposits (general or special) and any other indebtedness at any time held or owing by such Lender (including, without limitation branches,
agencies or Affiliates of such Lender wherever located) to or for the credit or the account of such Borrower against obligations and liabilities of such Borrower to the Lenders hereunder, under the Notes, the other Credit Documents or otherwise,
irrespective of whether the Administrative Agent or the Lenders shall have made any demand hereunder and although such obligations, liabilities or claims, or any of them, may be contingent or unmatured, and any such set-off shall be deemed to have
been made immediately upon the occurrence of an Event of Default even though such charge is made or entered on the books of such Lender subsequent thereto. Each Borrower hereby agrees that any Person purchasing a participation in the Loans and
Commitments to it hereunder pursuant to Section 11.3(c) may exercise all rights of set-off with respect to its participation interest as fully as if such Person were a Lender hereunder. 

Except to the extent that this Credit Agreement expressly provides for payments to be allocated to a particular Lender, if any Lender (a
“Benefitted Lender”) shall receive any payment of all or part of the obligations owing to it by a Borrower under this Credit Agreement, receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off,
pursuant to events or proceedings of the nature referred to in Section 10.1(e), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the obligations owing to such
other Lender by such Borrower under this Credit Agreement, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of the obligations owing to each such other Lender, or shall provide such other
Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided, however, that if all or any portion of
such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 

12.3 Benefit of Agreement. 

(a) Generally. This Credit Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective
successors and assigns of the parties hereto; provided that a Borrower may not assign and transfer any of its interests hereunder (except as permitted by Section 9.2) without prior written consent of the Lenders; and provided further
that the rights of each Lender to transfer, assign or grant participations in its rights and/or obligations hereunder shall be limited as set forth in this Section 12.3. 

 

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 (b) Assignments. Each Lender may assign all or a portion of its rights and
obligations under this Credit Agreement (including, without limitation, all or a portion of its Loans, its Notes, and its Commitment); provided, however, that: 

(i) each such assignment shall be to an Eligible Assignee; 

(ii) each of (A) the Administrative Agent and (B) the Issuing Lenders, shall have provided their written consent
(not to be unreasonably withheld); 
 (iii) DRI shall have provided its written consent (not to be unreasonably
withheld) which consent shall not be required during the existence of a Default or Event of Default; 
 (iv) any
such partial assignment shall be in an amount at least equal to $5,000,000 (or, if less, the remaining amount of the Commitment being assigned by such Lender) or an integral multiple of $5,000,000 in excess thereof; 

(v) each such assignment by a Lender shall be of a constant, and not varying, percentage of all of its rights and
obligations under this Credit Agreement and the Notes; and 
 (vi) the parties to such assignment shall execute
and deliver to the Administrative Agent for its acceptance an Assignment Agreement in substantially the form of Exhibit 12.3, together with a processing fee from the assignor of $4,000. 

Upon execution, delivery, and acceptance of such Assignment Agreement, the assignee thereunder shall be a party hereto and, to the extent
of such assignment, have the obligations, rights, and benefits of a Lender hereunder and the assigning Lender shall, to the extent of such assignment, relinquish its rights and be released from its obligations under this Credit Agreement. Upon the
consummation of any assignment pursuant to this Section 12.3(b), the assignor, the Administrative Agent and the relevant Borrower shall make appropriate arrangements so that, if required, new Notes are issued to the assignee. If the assignee is
not incorporated under the laws of the United States of America or a State thereof, it shall deliver to such Borrower and the Administrative Agent certification as to exemption from deduction or withholding of taxes in accordance with
Section 4.4. 
 By executing and delivering an assignment agreement in accordance with this Section 12.3(b), the
assigning Lender thereunder and the assignee thereunder shall be deemed to confirm to and agree with each other and the other parties hereto as follows: (A) such assigning Lender warrants that it is the legal and beneficial owner of the
interest being assigned thereby free and clear of any adverse claim and the assignee warrants that it is an Eligible Assignee; (B) except as set forth in clause (A) above, such assigning Lender makes no representation or warranty and
assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Credit Agreement, any of the other Credit Documents or any other instrument or document furnished pursuant hereto or thereto,
or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Credit Agreement, any of the other Credit Documents or any other instrument or document furnished

  

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pursuant hereto or thereto or the financial condition of a Borrower or the performance or observance by such Borrower of any of its obligations under this Credit Agreement, any of the other
Credit Documents or any other instrument or document furnished pursuant hereto or thereto; (C) such assignee represents and warrants that it is legally authorized to enter into such assignment agreement; (D) such assignee confirms that it
has received a copy of this Credit Agreement, the other Credit Documents and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such assignment agreement; (E) such
assignee will independently and without reliance upon the Administrative Agent, such assigning Lender or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under this Credit Agreement and the other Credit Documents; (F) such assignee appoints and authorizes the Administrative Agent to take such action on its behalf and to exercise such powers under this
Credit Agreement or any other Credit Document as are delegated to the Administrative Agent by the terms hereof or thereof, together with such powers as are reasonably incidental thereto; and (G) such assignee agrees that it will perform in
accordance with their terms all the obligations which by the terms of this Credit Agreement and the other Credit Documents are required to be performed by it as a Lender. 

For avoidance of doubt, the parties to this Credit Agreement acknowledge that the provisions of this Section 12.3 concerning
assignments relate only to absolute assignments and that such provisions do not prohibit assignments creating security interests, including any pledge or assignment by a Lender to any Federal Reserve Bank in accordance with applicable law.

 (c) Register. The Administrative Agent shall maintain a copy of each Assignment Agreement delivered to and accepted by
it and a register for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Loans owing to, each Lender from time to time by each Borrower (collectively, the “Registers”). The
entries in the Registers shall be conclusive and binding for all purposes, absent manifest error, and the Borrowers, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the relevant Register as a Lender hereunder
for all purposes of this Credit Agreement. The Registers shall be available for inspection by the Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice. 

(d) Acceptance. Upon its receipt of an assignment agreement executed by the parties thereto, together with any Note subject to
such assignment and payment of the processing fee, the Administrative Agent shall, if such Assignment Agreement has been completed and is in substantially the form of Exhibit 12.3, (i) accept such assignment agreement, (ii) record
the information contained therein in the Register and (iii) give prompt notice thereof to the parties thereto. 
 (e)
Participations. Each Lender may sell, transfer, grant or assign participations in all or any part of such Lender’s interests and obligations hereunder; provided that (i) such selling Lender shall remain a “Lender”
for all purposes under this Credit Agreement (such selling Lender’s obligations under the Credit Documents remaining unchanged) and the participant shall not constitute a Lender hereunder, (ii) no such participant shall have, or be
granted, rights to approve any amendment or waiver relating to this Credit Agreement or the other Credit Documents except to the extent any such amendment or waiver would (A) reduce the principal of

  

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or rate of interest on or fees in respect of any Loans in which the participant is participating, or (B) postpone the date fixed for any payment of principal (including extension of the
Maturity Date or the date of any mandatory prepayment), interest or fees in respect of any Loans in which the participant is participating and (iii) sub-participations by the participant (except to an Affiliate, parent company or Affiliate of a
parent company of the participant) shall be permitted with the consent of the Borrowers (which, in each case, shall not be unreasonably withheld or delayed and shall not be required during the existence of a Default or Event of Default). In the case
of any such participation, the participant shall not have any rights under this Credit Agreement or the other Credit Documents (the participant’s rights against the selling Lender in respect of such participation to be those set forth in the
participation agreement with such Lender creating such participation) and all amounts payable by such Borrower hereunder shall be determined as if such Lender had not sold such participation; provided, however, that such participant shall be
entitled to receive additional amounts under Section 4 to the same extent that the Lender from which such participant acquired its participation would be entitled to the benefit of such cost protection provisions. 

(f) Payments. No Eligible Assignee, participant or other transferee of any Lender’s rights shall be entitled to receive any
greater payment under Section 4 than such Lender would have been entitled to receive with respect to the rights transferred, unless such transfer is made with the relevant Borrower’s written consent. 

(g) Nonrestricted Assignments. Notwithstanding any other provision set forth in this Credit Agreement, any Lender may at any time
assign and pledge all or any portion of its Loans and its Notes to any Federal Reserve Bank as collateral security pursuant to Regulation A and any operating circular issued by such Federal Reserve Bank. No such assignment shall release the
assigning Lender from its obligations hereunder. 
 (h) Information. Any Lender may furnish any information concerning a
Borrower or any of its Subsidiaries in the possession of such Lender from time to time to assignees and participants (including prospective assignees and participants) who is notified of the confidential nature of the information and agrees to use
its reasonable best efforts to keep confidential all non-public information from time to time supplied to it. 
 12.4 No
Waiver; Remedies Cumulative. 
 No failure or delay on the part of the Administrative Agent or any Lender in exercising any
right, power or privilege hereunder or under any other Credit Document and no course of dealing between a Borrower and the Administrative Agent or any Lender shall operate as a waiver thereof; nor shall any single or partial exercise of any right,
power or privilege hereunder or under any other Credit Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder or thereunder. The rights and remedies provided herein are cumulative and
not exclusive of any rights or remedies which the Administrative Agent or any Lender would otherwise have. No notice to or demand on a Borrower in any case shall entitle such Borrower to any other or further notice or demand in similar or other
circumstances or constitute a waiver of the rights of the Administrative Agent or the Lenders to any other or further action in any circumstances without notice or demand. 
  

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 12.5 Payment of Expenses, etc. 

Each Borrower agrees to: (a) pay all reasonable out-of-pocket costs and expenses of (i) the Administrative Agent in connection
with the negotiation, preparation, execution and delivery and administration of this Credit Agreement and the other Credit Documents and the documents and instruments referred to therein (including, without limitation, the reasonable fees and
expenses of outside legal counsel to the Administrative Agent) and any amendment, waiver or consent relating hereto and thereto including, but not limited to, any such amendments, waivers or consents resulting from or related to any work-out,
renegotiation or restructure relating to the performance by such Borrower under this Credit Agreement and (ii) of the Administrative Agent and the Lenders in connection with enforcement of the Credit Documents and the documents and instruments
referred to therein (including, without limitation, in connection with any such enforcement, the reasonable fees and disbursements of outside counsel for the Administrative Agent and each of the Lenders) against such Borrower; and (b) indemnify
the Administrative Agent and each Lender and its Affiliates, their respective officers, directors, employees, representatives and agents from and hold each of them harmless against any and all losses, liabilities, claims, damages or expenses
incurred by any of them as a result of, or arising out of, or in any way related to, or by reason of, any investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender or its Affiliates is a party thereto)
related to the entering into and/or performance of any Credit Document or the use of proceeds of any Loans (including other extensions of credit) hereunder or the consummation of any other transactions contemplated in any Credit Document by such
Borrower, including, without limitation, the reasonable fees and disbursements of counsel incurred in connection with any such investigation, litigation or other proceeding (but excluding any such losses, liabilities, claims, damages or expenses to
the extent incurred by reason of gross negligence or willful misconduct on the part of the Person to be indemnified). 
 12.6
Amendments, Waivers and Consents. 
 Neither this Credit Agreement nor any other Credit Document nor any of the terms
hereof or thereof may be amended, changed, waived, discharged or terminated unless such amendment, change, waiver, discharge or termination is in writing and signed by the Required Lenders and the Borrowers; provided that no such amendment,
change, waiver, discharge or termination shall without the consent of each Lender affected thereby: 
 (a) extend the Maturity
Date; 
 (b) reduce the rate or extend the time of payment of interest (other than as a result of waiving the applicability of
any post-default increase in interest rates) thereon or fees hereunder; 
 (c) reduce or forgive the principal amount of any
Loan or Reimbursement Obligation; 
 (d) increase or extend the Commitment of a Lender over the amount thereof in effect (it
being understood and agreed that a waiver of any Default or Event of Default or a waiver of any mandatory reduction in the Commitments shall not constitute a change in the terms of any Commitment of any Lender); 

 

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 (e) release a Borrower from its obligations under the Credit Documents or consent to the
transfer or assignment of such obligations; 
 (f) amend, modify or waive any provision of this Section or Section 3.6,
3.8, 10.1(a), 11.7, 12.2, 12.3 or 12.5; 
 (g) reduce any percentage specified in, or otherwise modify, the definition of
Required Lenders; or 
 (h) release all or substantially all of any cash collateral while any Letters of Credit or Reimbursement
Obligations remain outstanding. 
 Notwithstanding the above, no provisions of Section 11 may be amended or modified
without the consent of the Administrative Agent and no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent or the Issuing Lenders without the prior written consent of the Administrative Agent or
the Issuing Lenders, as the case may be. 
 Notwithstanding the fact that the consent of all the Lenders is required in certain
circumstances as set forth above, each Lender is entitled to vote as such Lender sees fit on any reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersede
the unanimous consent provisions set forth herein. 
 12.7 Counterparts; Telecopy. 

This Credit Agreement may be executed in any number of counterparts, each of which where so executed and delivered shall be an original,
but all of which shall constitute one and the same instrument. It shall not be necessary in making proof of this Credit Agreement to produce or account for more than one such counterpart. Delivery of executed counterparts by facsimile shall be
effective as an original and shall constitute a representation that an original will be delivered. 
 12.8 Headings.

 The headings of the sections and subsections hereof are provided for convenience only and shall not in any way affect the
meaning or construction of any provision of this Credit Agreement. 
 12.9 Defaulting Lender. 

Each Lender understands and agrees that if such Lender is a Defaulting Lender then it shall not be entitled to vote on any matter
requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting
Lender. 
  

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 12.10 Survival of Indemnification and Representations and Warranties. 

All indemnities set forth herein and all representations and warranties made herein shall survive the execution and delivery of this
Credit Agreement, the making of the Loans, and the repayment of the Loans and other obligations and the termination of the Commitments hereunder. 

12.11 GOVERNING LAW. 

THIS CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE
GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. Each Borrower irrevocably consents to the service of process out of any competent court in any action or proceeding brought in connection with this
Credit Agreement by the mailing of copies thereof by registered or certified mail, postage prepaid, to it at its address for notices pursuant to Section 12.1, such service to become effective 30 days after such mailing. Nothing herein shall
affect the right of a Lender to serve process in any other manner permitted by law. 
 12.12 WAIVER OF JURY TRIAL.

 EACH OF THE PARTIES TO THIS CREDIT AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT, ANY OF THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

12.13 Severability. 

If any provision of any of the Credit Documents is determined to be illegal, invalid or unenforceable, such provision shall be fully
severable and the remaining provisions shall remain in full force and effect and shall be construed without giving effect to the illegal, invalid or unenforceable provisions. 

12.14 Entirety. 

This Credit Agreement together with the other Credit Documents represent the entire agreement of the parties hereto and thereto, and
supersede all prior agreements and understandings, oral or written, if any, including any commitment letters or correspondence relating to the Credit Documents or the transactions contemplated herein and therein. 

12.15 Binding Effect. 

This Credit Agreement shall become effective at such time (the “Effective Date”) when all of the conditions set forth in
Section 6.1 have been satisfied or waived by the Lenders and this Credit Agreement shall have been executed by each of the Borrowers and the Administrative Agent, and the Administrative Agent shall have received copies (telefaxed or otherwise)
which, when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of each Borrower, the Administrative Agent and each Lender and their respective successors and
permitted assigns. 
  

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 12.16 Submission to Jurisdiction. 

Each Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme
Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Credit
Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State
or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any
other manner provided by law. Nothing in this Credit Agreement shall affect any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Credit Agreement against any Borrower or its
properties in the courts of any jurisdiction. Each Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any
suit, action or proceeding arising out of or relating to this Credit Agreement in any court referred to above. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court. Each of the Borrowers also hereby irrevocably and unconditionally waives any right it may have to claim or recover in any legal action or proceeding referred to in this Section any special,
exemplary, punitive or consequential damages. 
 12.17 Confidentiality. Each of the Administrative Agent and each Lender
agrees to keep confidential all non-public information provided to it by any Borrower pursuant to this Credit Agreement that is designated by such Borrower as confidential; provided that nothing herein shall prevent the Administrative Agent or any
Lender from disclosing any such information (a) to the Administrative Agent, any other Lender or any of its Affiliates, (b) subject to an agreement to comply with the provisions of this Section, to any actual or prospective Assignee or
participant, (c) to its employees, directors, agents, attorneys and accountants or those of any of its affiliates, (d) upon the request or demand of any Governmental Authority, (e) in response to any order of any court or other
Governmental Authority or as may otherwise be required pursuant to any requirement of law, (f) if required to do so in connection with any litigation or similar proceeding, (g) that has been publicly disclosed, (h) to the National
Association of Insurance Commissioners or any similar organization or any nationally recognized rating agency that requires access to information about a Lender’s investment portfolio in connection with ratings issued with respect to such
Lender, or (i) in connection with the exercise of any remedy hereunder or under any other Credit Document. 
 12.18
Designation of SPVs. 
 Notwithstanding anything to the contrary contained herein, any Lender, (a “Granting
Lender”) may grant to a special purpose funding vehicle (an “SPV”), identified as 
  

 62 

 
such in writing from time to time by such Granting Lender to the Administrative Agent and the Borrowers, the option to fund all or any part of any Loan that such Granting Lender would otherwise
be obligated to fund pursuant to this Credit Agreement; provided that (i) nothing herein shall constitute a commitment by any SPV to fund any Loan, (ii) if an SPV elects not to exercise such option or otherwise fails to fund all or
any part of such Loan, the Granting Lender shall be obligated to fund such Loan pursuant to the terms hereof, (iii) no SPV shall have any voting rights pursuant to Section 12.6 and (iv) with respect to notices, payments and other
matters hereunder, the Borrowers, the Administrative Agent and the Lenders shall not be obligated to deal with an SPV, but may limit their communications and other dealings relevant to such SPV to the applicable Granting Lender. The funding of a
Loan by an SPV hereunder shall utilize the Revolving Loan Commitment of the Granting Lender to the same extent that, and as if, such Loan were funded by such Granting Lender. 

As to any Loans or portion thereof made by it, each SPV shall have all the rights that its applicable Granting Lender making such Loans
or portion thereof would have had under this Credit Agreement; provided, however, that each SPV shall have granted to its Granting Lender an irrevocable power of attorney, to deliver and receive all communications and notices under this
Credit Agreement (and any related documents) and to exercise on such SPV’s behalf, all of such SPV’s voting rights under this Credit Agreement. No additional Note shall be required to evidence the Loans or portion thereof made by an SPV;
and the related Granting Lender shall be deemed to hold its Note as agent for such SPV to the extent of the Loans or portion thereof funded by such SPV. In addition, any payments for the account of any SPV shall be paid to its Granting Lender as
agent for such SPV. 
 Each party hereto hereby agrees that no SPV shall be liable for any indemnity or payment under this
Credit Agreement for which a Lender would otherwise be liable for so long as, and to the extent, the Granting Lender provides such indemnity or makes such payment. In furtherance of the foregoing, each party hereto hereby agrees (which agreements
shall survive the termination of this Credit Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPV, it will not institute against, or
join any other person in instituting against, such SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. 

In addition, notwithstanding anything to the contrary contained in this Credit Agreement, any SPV may (i) at any time and without
paying any processing fee therefor, assign or participate all or a portion of its interest in any Loans to the Granting Lender or to any financial institutions providing liquidity and/or credit support to or for the account of such SPV to support
the funding or maintenance of Loans and (ii) disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity
enhancements to such SPV. This Section 12.17 may not be amended without the written consent of any Granting Lender affected thereby. 

12.19 USA Patriot Act. Each Lender hereby notifies each Borrower that pursuant to the requirements of the USA Patriot Act (Title
III of Pub. L. 107-56 (signed into law October 26, 2001) (the “Act”), it is required to obtain, verify and record information that identifies each Borrower, which information includes the name and address of each Borrower and other
information that will allow such Lender to identify each Borrower in accordance with the Act. 
  

 63 

 [Remainder of Page Intentionally Left Blank] 

 

 64 

 

 

  
 Each of the
parties hereto has caused a counterpart of this Credit Agreement to be duly executed and delivered as of the date first above written. 

DOMINION RESOURCES, INC., 

as a Borrower 

By: 

/s/ James P. Carney 

Name: 

James P. Carney 

Title: 

Assistant Treasurer 

VIRGINIA ELECTRIC AND POWER COMPANY, 

as a Borrower 

By: 

/s/ James P. Carney 

Name: 

James P. Carney 

Title: 

Assistant Treasurer 

CONSOLIDATED NATURAL GAS COMPANY, 

as a Borrower 

By: 

/s/ James P. Carney 

Name: 

James P. Carney 

Title: 

Assistant Treasurer 

JPMORGAN CHASE BANK, N.A., as 

Administrative Agent and as a Lender 

By: 

Name: 

Title: 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 Each of the
parties hereto has caused a counterpart of this Credit Agreement to be duly executed and delivered as of the date first above written. 

DOMINION RESOURCES, INC., 

as a Borrower 

By: 

Name: 

Title: 

VIRGINIA ELECTRIC AND POWER COMPANY, 

as a Borrower 

By: 

Name: 

Title: 

CONSOLIDATED NATURAL GAS COMPANY, 

as a Borrower 

By: 

Name: 

Title: 

JPMORGAN CHASE BANK, N.A., as 

Administrative Agent and as a Lender 

By: 

/s/ Michael J. DeForge 

Name: 

Michael J. DeForge 

Title: 

Vice President 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 CITIBANK, N.A.
as Syndication Agent and as a Lender 
 By: 

/s/ Amit Vasani 

Name: 

Amit Vasani 

Title: 

Vice President 

BARCLAYS BANK PLC, as Co-Documentation 

Agent and as a Lender 

By: 

Name: 

Title: 

THE BANK OF NOVA SCOTIA, as 

Co-Documentation Agent and as a Lender 

By: 

Name: 

Title: 

WACHOVIA BANK, NATIONAL 

ASSOCIATION, as Co-Documentation Agent and 

as a Lender 

By: 

Name: 

Title: 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 CITIBANK, N.A.
as Syndication Agent and as a Lender 
 By: 

Name: 

Title: 

BARCLAYS BANK PLC, as Co-Documentation Agent and as a Lender 

By: 

Name: 

Title: 

THE BANK OF NOVA SCOTIA, as Co-Documentation Agent and as a Lender 

By: 

/s/ Thane Rattew 

Name: 

Thane Rattew 

Title: 

Managing Director - US Power 

WACHOVIA BANK, NATIONAL ASSOCIATION, as Co-Documentation Agent and as a Lender 

By: 

Name: 

Title: 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 CITIBANK, N.A.
as Syndication Agent and as a Lender 
 By: 

Name: 

Title: 

BARCLAYS BANK PLC, as Co-Documentation Agent and as a Lender 

By: 

Name: 

Title: 

THE BANK OF NOVA SCOTIA, as Co-Documentation Agent and as a Lender 

By: 

Name: 

Title: 

WACHOVIA BANK, NATIONAL ASSOCIATION, as Co-Documentation Agent and as a Lender 

By: 

/s/ Lawrence P. Sullivan 

Name: 

Lawrence P. Sullivan 

Title: 

Director 

 

 

  
 DOMINION
RESOURCES, INC. 
 FIVE-YEAR REVOLVING CREDIT AGREEMENT, DATED 

AS OF FEBRUARY 28, 2006 

Barclays Bank PLC 

By: 

/s/ Alison McGuigan 

Name: 

Alison McGuigan 

Title: 

Associate Director 

[Dominion Resources Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. FIVE-YEAR 
 REVOLVING CREDIT AGREEMENT, DATED 

AS OF FEBRUARY 28, 2006 

The Bank of Tokyo-Mitsubishi UFJ, Ltd., 

New York Branch 

By: 

/s/ Linda Tam 

Name: 

Linda Tam 

Title: 

Authorized Signatory 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. FIVE-YEAR REVOLVING CREDIT AGREEMENT, DATED 
 AS OF FEBRUARY 28, 2006 

WILLIAM STREET COMMITMENT CORPORATION 

(Recourse only to assets of William Street Commitment Corporation) 

By: 

/s/ Mark Walton 

Name: 

Mark Walton 

Title: 

Assistant Vice President 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. FIVE-YEAR REVOLVING CREDIT AGREEMENT, DATED 
 AS OF FEBRUARY 28, 2006 

LEHMAN BROTHERS BANK, FSB 

By: 

/s/ Gary T. Taylor 

Name: 

Gary T. Taylor 

Title: 

Senior Vice President 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. FIVE-YEAR REVOLVING CREDIT AGREEMENT, 
 DATED AS OF FEBRUARY 28,2006 

MERRILL LYNCH BANK USA 

By: 

/s/ Derek Befus 

Name: 

Derek Befus 

Title: 

Vice President 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. 
 F1VE-YEAR REVOLVING CREDIT AGREEMENT, DATED AS OF 

FEBRUARY 28, 2006 

MORGAN STANLEY BANK 

By: 

/s/ Daniel Twenge 

Name: 

Daniel Twenge 

Title: 

Vice President 

Morgan Stanley Bank 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. 
 FIVE-YEAR REVOLVING CREDIT AGREEMENT, DATED AS OF 

FEBRUARY 28, 2006 

ABN Amro Bank N.V. 

By: /s/ John D. Reed 

Name: 

John D. Reed 

Title: 

Director 

By: /s/ Todd D. Vaubel 

Name: 

Todd D. Vaubel 

Title: 

Assistant Vice President 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. 
 FIVE-YEAR REVOLVING CREDIT AGREEMENT, 

DATED AS OF FEBRUARY 28, 2006 

BANK OF AMERICA 

By: 

/s/ Kevin Bertelsen 

Name: 

Kevin Bertelsen 

Title: 

SVP 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. 
 FIVE-YEAR REVOLVING CREDIT AGREEMENT, 

DATED AS OF FEBRUARY 28, 2006 

Credit Suisse, Cayman Islands Branch 

By: 

/s/ Thomas R. Cantello 

Name: 

Thomas R. Cantello 

Title: 

Vice President 

By: 

/s/ Gregory Richards 

Name: 

Gregory Richards 

Title: 

Associate 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. 
 FIVE-YEAR REVOLVING CREDIT AGREEMENT, 

DATED AS OF FEBRUARY 28, 2006 

DEUTSCHE BANK AG NEW YORK BRANCH 

By: 

/s/ Marcus Tarkington 

Name: 

Marcus Tarkington 

Title: 

Director 

By: 

/s/ Rainer Meier 

Name: 

Rainer Meier 

Title: 

Vice President 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. FIVE-YEAR REVOLVING CREDIT AGREEMENT, DATED AS OF FEBRUARY 28, 2006 
 KeyBank National
Association 
 [LENDER] 

By: 

/s/ Sherrie I. Manson 

Name: 

Sherrie I. Manson 

Title: 

Senior Vice President 

[Dominion Resources, Inc, Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. FIVE-YEAR REVOLVING CREDIT AGREEMENT, DATED AS OF FEBRUARY 28,2006 
 MIZUHO CORPORATE BANK,
LTD., as a Lender 
 By: 

/s/ Raymond Ventura 

Name: 

Raymond Ventura 

Title: 

Deputy General Manager 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. FIVE-YEAR REVOLVING CREDIT AGREEMENT, DATED AS OF FEBRUARY 28, 2006 
 THE ROYAL BANK OF SCOTLAND
plc 
 By: 

/s/ Emily Freedman 

Name: 

Emily Freedman 

Title: 

Vice President 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. FIVE-YEAR 
 REVOLVING CREDIT AGREEMENT, DATED 

AS OF FEBRUARY 28,2006 

SunTrust Bank 

[LENDER] 

By: 

/s/ Mark A. Flatin 

Name: 

Mark A. Flatin 

Title: 

Managing Director 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. FIVE-YEAR REVOLVING CREDIT AGREEMENT, DATED 
 AS OF FEBRUARY 28, 2006 

UBS LOAN FINANCE LLC 

By: 

/s/ lrja R. Otsa 

 
 Name: 

Title: 

lrja R. Otsa 

Associate Director 

Banking Products 

Services, US 

By: 

/s/ Salloz Sikka 

Name: 

Title: 

Salloz Sikka 

Associate Director 

Banking Products 

Services, US 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC, FIVE-YEAR 
 REVOLVING CREDIT AGREEMENT, DATED 

AS OF FEBRUARY 28, 2006 

The Bank of New York 

[LENDER] 

By: 

/s/ John Watt 

Name: 

John Watt 

Title: 

Vice President 

[Dominion Rresources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. 
 FIVE-YEAR REVOLVING CREDIT AGREEMENT, 

DATED AS OF FEBRUARY 28, 2006 

BNP Paribas 

By: 

/s/ FRANCIS J. DeLANEY 

Name: 

FRANCIS J. DeLANEY 

Title: 

Managing Director 

By: 

/s/ JEFFREY STUFSKY 

Name: 

JEFFREY STUFSKY 

Title: 

Managing Director 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. 
 FIVE-YEAR REVOLVING CREDIT AGREEMENT, 

DATED AS OF FEBRUARY 28, 2006 

KBC BANK NV 

[LENDER] 

By: 

/s/ JEAN-PIERRE DIELS 

Name: 

JEAN-PIERRE DIELS 

Title: 

First Vice President 

By: 

/s/ ERIC RASKIN 

Name: 

ERIC RASKIN 

Title: 

VICE PRESIDENT 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 

 

  
 DOMINION
RESOURCES, INC. 
 FIVE-YEAR REVOLVING CREDIT 

AGREEMENT, 

DATED AS OF FEBRUARY 28, 2006 

MELLON BANK. N.A. 

By: 

/s/ Mark W. Rogers 

Name: 

Mark W. Rogers 

Title: 

Vice President 

[Dominion Resources, Inc. Five-Year Revolving Credit Agreement] 

 SCHEDULE 1.1 

COMMITMENT PERCENTAGES 
  

							
	Lender	  	Commitment	 	  	  	
Commitment

Percentage

(rounded to nearest 1/100%)

	
JPMorgan Chase Bank, N.A.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Citibank, N.A.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Barclays Bank PLC
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
The Bank of Nova Scotia
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Wachovia Bank, National Association

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
The Bank of Tokyo-Mitsubishi UTF, LTd.

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
William Street Commitment Corporation

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Lehman Brothers Bank, FSB
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Merrill Lynch Bank USA
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Morgan Stanley Bank
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
ABN Amro Bank, N.V.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Bank of America, N.A.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Credit Suisse, Cayman Islands Branch

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Deutsche Bank AG New York Branch

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
KeyBank National Association
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Mizuho Corporate Bank, Ltd.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
The Royal Bank of Scotland plc

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Sun Trust Bank
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
UBS Loan Finance LLC
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
The Bank of New York
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
BNP Paribas
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
KBC Bank NV
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
Mellon Bank, N.A.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
TOTAL:
  
	  	$3,000,000,000	 	 	  	100.0%

 

	*	Confidential treatment has been requested for the redacted portions of this agreement pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. The
confidential, redacted portions have been filed separately with the United States Securities and Exchange Commission. 

 

 

  
 Schedule 5.1

 EXISTING LETTERS OF CREDIT 

Borrower 

Issuing Bank 

Outstanding Amount 

Expiration/ Maturity Date 

Beneficiary 

Dominion Resources 

JPMorgan Chase Bank 

$10,000,000 

06/01/2006 

Exelon Generation Company, LLC 

Dominion Resources 

JPMorgan Chase Bank 

$260,000 

07/01/2006 

The Commissioners of Thurmont 

Dominion Resources 

JPMorgan Chase Bank 

$60,000 

07/01/2006 

The Town of Williamsport 

Dominion Resources 

JPMorgan Chase Bank 

$520,000 

07/01/2006 

Town of Front Royal, Virginia 

Dominion Resources 

JPMorgan Chase Bank 

$1,160,000 

07/01/2006 

The City of Hagerstown Light 

Dominion Resources 

JPMorgan Chase Bank 

$150,000,000 

07/01/2006 

Morgan Stanley Capital Group, Inc. 

Dominion Resources 

JPMorgan Chase Bank 

$1,000,000 

03/30/2006 

J. Aron & Company 

Dominion Resources 

JPMorgan Chase Bank 

$1,000,000 

06/30/2006 

Constellation Engery Commodities 

Dominion Resources 

JPMorgan Chase Bank 

$1,000,000 

06/30/2006 

Citadel Equity Fund Ltd. 

Dominion Resources 

JPMorgan Chase Bank 

$1,000,000 

06/30/2006 

Morgan Stanley Capital Group, Inc. 

Dominion Resources 

JPMorgan Chase Bank 

$700,000 

06/30/2006 

Deutsche Bank AG New York Branch 

Dominion Resources 

JPMorgan Chase Bank 

$1,000,000 

06/30/2006 

Barclays Bank PLC 

Dominion Resources 

JPMorgan Chase Bank 

$31,000,000 

06/30/2006 

J. Aron & Company 

Dominion Resources 

JPMorgan Chase Bank 

$2,500,000 

06/30/2006 

PSEG Energy Resources & Trade LLC 

Dominion Resources 

JPMorgan Chase Bank 

$2,000,000 

06/30/2006 

Merrill Lynch Commodities, Inc. 

Dominion Resources 

JPMorgan Chase Bank 

$1,000,000 

06/30/2006 

WPS Energy Services, Inc. 

Dominion Resources 

JPMorgan Chase Bank 

$300,000 

06/30/2006 

Hartford Fire Insurance Company 

Dominion Resources 

JPMorgan Chase Bank 

$1,000,000 

12/31/2006 

Sempra Energy Trading Corp. 

Dominion Resources 

JPMorgan Chase Bank 

$20,000,000 

06/30/2006 

ABN AMRO Inc. New York 

Dominion Resources 

JPMorgan Chase Bank 

$1,000,000 

06/30/2006 

Constellation Energy Commodities 

Dominion Resources 

Citibank 

$260,000,000 

06/30/2006 

Deutsche Bank 

Virginia Power 

JPMorgan Chase Bank 

$10,000 

12/31/2006 

Town of Gordonsville 

Virginia Power 

JPMorgan Chase Bank 

$300,000 

12/31/2006 

Town of Gordonsville 

Total: 

$486,810,000 

 

 

  
 Schedule 7.8

 INDEBTEDNESS 

Approximately $1,338 million in commercial paper issued by Dominion Resources, Inc. and/or its consolidated subsidiaries
and outstanding as of February 28, 2006. 
 Approximately $18,030 million in long-term debt (including
securities due within one year) issued by Dominion Resources, Inc. and/or its consolidated subsidiaries and outstanding as of February 28, 2006. 

 

 

  
 Schedule 12.1

 NOTICES 

Borrowers 

Dominion Resources, Inc. 

120 Tredegar Street 

Richmond, Virginia 23219 

Attn: James P. Carney 

Telephone: 

804-819-2107 

Fax: 

804-819-2211 

Consolidated Natural Gas Company 

120 Tredegar Street 

Richmond, Virginia 23219 

Attn: James P. Carney 

Telephone: 

804-819-2107 

Fax: 

804-819-2211 

Virginia Electric & Power Company 

120 Tredegar Street 

Richmond, Virginia 23219 

Attn: James P. Carney 

Telephone: 

804-819-2107 

Fax: 

804-819-2211 

with a copy to: 

Dominion Resources, Inc. 

120 Tredegar Street 

Richmond, Virginia 23219 

Attn: Mark O. Webb, Esq. 

Telephone: 

804-819-2140 

Fax: 

804-819-2202 

Administrative Agent 

JPMorgan Chase Bank, NA 

270 Park Ave 

New York, NY 10017 

Attn: Mike DeForge 

Telephone: 212-270-1656 

Fax: 212-270-3089 

 Exhibit 2.1(b)(ii) 

FORM OF COMPETITIVE BID REQUEST 

 

	
	                    ,
    

 JPMorgan Chase Bank, N.A., 

 as Administrative Agent 
 270 Park Avenue

 New York, New York 10017 

Reference is made to the Five-Year Revolving Credit Agreement dated as of February 28, 2006 (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among Dominion Resources, Inc., Virginia Electric and Power Company, Consolidated Natural Gas Company, the several banks and other financial institutions from time to time parties
thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and the other agents party thereto. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

This is a [Eurodollar] [Absolute Rate] Competitive Bid Request pursuant to subsection 2.1 of the Credit Agreement requesting quotes for
the following Competitive Bid Loans: 
  

										
	 	  	Loan 1	  	Loan 2	  	Loan 3
	 Aggregate Principal Amount
	  	$	            	  	$	            	  	$	            
	 Borrowing Date
	  			  			  		
	 Interest Period
	  			  			  		
	 Competitive Bid Loan Maturity
	  			  			  		
	 Date
	  			  			  		
	 Interest Payment Dates
	  			  			  		

  

			
	Very truly yours,
	
	[Insert name of relevant Borrower]
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 Exhibit 2.2(a) 

FORM OF NOTICE OF BORROWING 

Pursuant to subsection 6.2(a) of the Five-Year Revolving Credit Agreement (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), dated as of February 28, 2006, among Dominion Resources, Inc., a Virginia corporation, Virginia Electric and Power Company, a Virginia corporation, and Consolidated Natural Gas Company, a Delaware
corporation (each of the above, individually, a “Borrower”, collectively, the “Borrowers”), the several banks and other financial institutions from time to time parties thereto (the “Lenders”),
JPMorgan Chase Bank, N.A., a national banking association, as Administrative Agent and the other agents party thereto, the undersigned hereby delivers this Notice of Borrowing. 

[Insert name of relevant Borrower] hereby requests that a [Eurodollar Revolving/ Base Rate] Loan be made in the aggregate
principal amount of             on             , 200     [with an Interest Period of
     [days] [months]]. 
 The undersigned hereby certifies as follows: 

(a) The representations and warranties made by [insert name of relevant Borrower] in or
pursuant to the Credit Documents are true and correct in all material respects on and as of the date hereof with the same effect as if made on the date hereof [and [insert name of relevant Borrower] hereby certifies that the proceeds
of this Loan will be used to repay its commercial paper program][; provided that the representation and warranty set forth in clause (ii) of the second paragraph of subsection 7.6 of the Credit Agreement need not be true and correct as a
condition to any borrowing utilized by [insert name of relevant
Borrower]]1 ; and 

(b) No Default or Event of Default has occurred and is continuing on the date hereof or after giving effect to the
Loans and other extensions of credit requested to be made on such date. 
 Capitalized terms used herein and not defined herein
shall have the meanings given to them in the Credit Agreement. 
 [Insert name of relevant Borrower] agrees that
if prior to the time of the borrowing requested hereby any matter certified to herein by it will not be true and correct in all material respects at such time as if then made, it will immediately so notify the Administrative Agent. Except to the
extent, if any, that prior to the time of the borrowing requested hereby the Administrative Agent shall receive written notice to the contrary from [insert name of relevant Borrower], each matter certified to herein shall be
deemed once again to be certified as true and correct in all material respects at the date of such borrowings as if then made. 

 

	1	 include with any
Notice of Borrowing delivered after the Closing Date. 

 Please wire transfer the proceeds of the borrowing as directed by [insert name of
relevant Borrower] on the attached Schedule 1. 
 [Insert name of relevant Borrower] has caused this Notice of
Borrowing to be executed and delivered, and the certification and warranties contained herein to be made, by its [Treasurer] this      day of             ,
200    . 
  

			
	[Insert name of relevant Borrower]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 2 

 Exhibit 2.2(c) 

FORM OF NOTICE OF CONVERSION/CONTINUATION 

Pursuant to subsection 2.2(c) of the Five-Year Revolving Credit Agreement, dated as of February 28, 2006 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), among Dominion Resources, Inc., a Virginia corporation, Virginia Electric and Power Company, a Virginia corporation, and Consolidated Natural Gas Company, a Delaware
corporation (each of the above, individually, a “Borrower”, collectively, the “Borrowers”), the several banks and other financial institutions from time to time parties to this Agreement (the “Lenders”),
JPMorgan Chase Bank, N.A., a national banking association, as Administrative Agent and the other agents party thereto, this represents [insert name of relevant Borrower]’s request to convert or continue Revolving Loans as follows:

  

					
	1.	  	Date of
conversion/continuation:                    
		
	2.	  	Amount of Revolving Loans being converted/continued:
$                    
		
	3.	  	Type of Revolving Loans being converted/continued:
			
		  	 ̈	  	 a.      Eurodollar Revolving Loans

			
		  	 ̈	  	 b.      Base Rate Loans

		
	4.	  	Nature of conversion/continuation:
			
		  	 ̈	  	 a.      Conversion of Base Rate Loans to Eurodollar Revolving Loans

			
		  	 ̈	  	 b.      b Conversion of Eurodollar Revolving Loans to Base Rate Loans

			
		  	 ̈	  	 c.      Continuation of Eurodollar Revolving Loans as such

			
	5.	  		  	Interest Periods:
			
		  		  	 If Revolving Loans are being continued as or converted to Eurodollar Revolving Loans, the duration of the new Interest Period that
commences on the conversion/ continuation date:                      month(s)

In the case of a conversion to or continuation of Eurodollar Revolving Loans, the undersigned officer, to the best of his or her
knowledge, on behalf of [insert name of relevant Borrower], certifies that no Default or Event of Default has occurred and is continuing under the Credit Agreement. 

Capitalized terms used herein and not defined herein shall have the meanings given to them in the Credit Agreement. 

 

							
	 DATED:
                    
	 		 	 [insert name of relevant Borrower]

		 		 		 	
		 		 	 By:
	 	  

		 		 	 Name:
	 	
		 		 	 Title:
	 	

  

 3 

 Exhibit 2.7(a) 

FORM OF REVOLVING LOAN NOTE 
  

			
	 $        
	  	New York, New York
		  	                 ,
                 

 FOR
VALUE RECEIVED, the undersigned, [Dominion Resources, Inc., a Virginia Corporation] [Virginia Electric and Power Company, a Virginia corporation] [Consolidated Natural Gas Company, a Delaware corporation] hereby unconditionally promises to pay on
the Maturity Date to the order of             (the “Lender”) at the office of JPMorgan Chase Bank, N.A. located at 270 Park Avenue, New York, New York, 10017, in
lawful money of the United States of America and in immediately available funds, the lesser of (a)              DOLLARS
($        ) and (b) the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the undersigned pursuant to subsection 2.1 of the Credit Agreement. The undersigned
further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates per annum and on the dates specified in subsection 3.1 of the Credit Agreement, until paid in full (both
before and after judgment to the extent permitted by law). The holder of this Revolving Loan Note is hereby authorized to endorse the date, amount, type, interest rate and duration of each Revolving Loan made or converted by the Lender to the
undersigned, the date and amount of each repayment of principal thereof, and, in the case of Eurodollar Revolving Loans, the Interest Period with respect thereto, on the schedules annexed hereto and made a part hereof, or on a continuation thereof
which shall be attached hereto and made a part hereof, which endorsement shall constitute prima facie evidence of the accuracy of the information so endorsed; provided, however, that failure by any holder to make any such
recordation on such schedules or continuation thereof shall not in any manner affect any of the obligations of the undersigned to make payments of principal and interest in accordance with the terms of this Revolving Loan Note and the Credit
Agreement. 
 This Revolving Loan Note is one of the Revolving Loan Notes referred to in the Five-Year Revolving Credit
Agreement dated as of February 28, 2006 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Dominion Resources, Inc., Virginia Electric and Power Company, Consolidated Natural Gas
Company, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and the other agents party thereto, is entitled to the benefits thereof and is subject to optional and
mandatory prepayment in whole or in part as provided therein. 
 Capitalized terms used but not defined herein shall have the
meanings assigned to such terms in the Credit Agreement. 
  

 Upon the occurrence of any one or more of the Events of Default specified in the Credit
Agreement, all amounts then remaining unpaid on this Revolving Loan Note shall become, or may be declared to be, immediately due and payable as provided therein. 

This Revolving Loan Note shall be governed by and construed and interpreted in accordance with the laws of the State of New York.

  
  

			
	[Insert name of relevant Borrower]
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

 2 

 Schedule I to 

Revolving 
 Loan
Note 
 BASE RATE LOANS AND CONVERSIONS AND 

REPAYMENTS OF PRINCIPAL 
  

													
	 Date
	  	 Amount of

Base Rate

Loans
	  	 Amount of

Base Rate

Loans

Converted into

Eurodollar

Revolving

Loans
	  	 Amount of

Eurodollar

Revolving

Loans

Converted into

Base Rate

Loans
	  	 Amount of Principal

Repaid
	  	 Unpaid

Principal

Balance
	  	 Notation

Made

by

	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

 Schedule II to 

Revolving 
 Loan
Note 
 EURODOLLAR REVOLVING LOANS AND CONVERSIONS 

AND REPAYMENTS OF PRINCIPAL 
  

															
	 Date
	 	 Amount of

Eurodollar

Revolving

Loans
	 	 Interest

Period
	 	 Amount of

Base Rates

Loans

Converted

into

Eurodollar

Revolving

Loans
	 	 Amount of

Eurodollar

Revolving

Loans

Converted
into Base

Rate Loans
	 	 Amount of

Principal

Repaid
	 	 Unpaid

Principal

Balance
	 	 Notation

Made by

	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

 Exhibit 2.7(b) 

FORM OF COMPETITIVE BID LOAN NOTE 
  

							
	 $            
	 		 		  	New York, New York
		 		 		  	                 ,
        

 FOR VALUE RECEIVED, the undersigned, [Dominion
Resources, Inc., a Virginia Corporation] [Virginia Electric and Power Company, a Virginia corporation] [Consolidated Natural Gas Company, a Delaware corporation], hereby promises to pay, on the earlier of the Maturity Date or the maturity date
listed on the schedules annexed hereto and made a part hereof, to the order of
                                 (the “Lender”) at the office of
JPMorgan Chase Bank, N.A. located at 270 Park Avenue, New York, New York, 10017, in lawful money of the United States of America and in immediately available funds, the lesser of
(a)              DOLLARS ($            ) and (b) the aggregate unpaid principal amount of all
Competitive Bid Loans made by the Lender to the undersigned pursuant to subsection 2.1 of the Credit Agreement referred to below. The undersigned further agrees to pay interest in like money at such office on the unpaid principal amount hereof from
time to time outstanding from the Borrowing Date at the rates per annum and on the dates specified on the schedules annexed hereto and made a part hereof until the due date hereof (whether at the stated maturity, by acceleration, or otherwise) and
thereafter at the rates determined in accordance with subsection 3.1 of the Credit Agreement. This Competitive Bid Loan Note may not be prepaid at the option of the Borrower. The holder of this Competitive Bid Loan Note is hereby authorized to
endorse the date, amount, type, interest rate and duration of each Competitive Bid Loan made by the Lender to the undersigned, the date and amount of each repayment of principal thereof, and, in the case of Eurodollar Competitive Bid Loans, the
Interest Period with respect thereto, on the schedules annexed hereto and made a part hereof, or on a continuation thereof which shall be attached hereto and made a part hereof, which endorsement shall constitute prima facie evidence
of the accuracy of the information so endorsed; provided, however, that failure by any holder to make any such recordation on such schedules or continuation thereof shall not in any manner affect any of the obligations of the
undersigned to make payments of principal and interest in accordance with the terms of this Competitive Bid Loan Note and the Credit Agreement. 

This Competitive Bid Loan Note is one of the Competitive Bid Loan Notes referred to in the Five-Year Revolving Credit Agreement dated as
of February 28, 2006 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Dominion Resources, Inc., Virginia Electric and Power Company, Consolidated Natural Gas Company, the
several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and the other agents party thereto, and is entitled to the benefits thereof and is subject to mandatory prepayment
as provided therein. 

 Capitalized terms used but not defined herein shall have the meanings assigned to such terms
in the Credit Agreement. 
 Upon the occurrence of any one or more of the Events of Default specified in the Credit Agreement,
all amounts then remaining unpaid on this Competitive Bid Loan Note shall become, or may be declared to be, immediately due and payable as provided therein. 

This Competitive Bid Loan Note shall be governed by and construed in accordance with the laws of the State of New York.

  

			
	[Insert name of relevant Borrower]
		
	By:	 	 
	Name:	 	
	Title:	 	

  

 2 

 COMPETITIVE BID LOANS 

 

																			
	 Borrowing

Date
	  	 Maturity
Date
	  	 Principal
Amount of
Competitive
Bid
Loan
	  	 Type of
Competitive
Bid Loan
	  	 Interest
Period
	  	 Interest
Payment
Dates
	  	 [Interest
Rate]/
[Margin]
	  	 Amount of
Principal
Repaid
	  	 Unpaid
Principal
Balance
	  	 Notation
Made By

 Exhibit 2.8(a) 

EXTENSION OF MATURITY DATE REQUEST 

[Date] 
 JPMorgan Chase Bank,
N.A., as Administrative Agent 
 270 Park Avenue 

New York, New York 10017 
 Attention: 

Ladies and Gentlemen: 

Reference is made to the Credit Agreement, dated as of February 28, 2006, among the undersigned, the lenders from time to time
parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Syndication Agent, Barclays Bank PLC, The Bank of Nova Scotia and Wachovia Bank, National Association, as Co-Documentation Agents (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”). Terms defined in the Credit Agreement are used herein as therein defined. 

The undersigned hereby represents and warrants that (i) on the date hereof no Default or Event of Default has occurred or is
continuing and (ii) the representations and warranties made by the Borrower in or pursuant to the Credit Documents are true and correct in all material respects on and as of the date hereof with the same effect as if made on such date.

 This is an Extension of Maturity Date Request pursuant to Section 2.8(a) of the Credit Agreement requesting an extension
of the Maturity Date to [INSERT REQUESTED MATURITY DATE]. Please transmit a copy of this Extension of Maturity Date Request to each of the Lenders. 
  

			
	DOMINION RESOURCES, INC.
		
	By:	 	  

	Title:	 	  

			
	CONSOLIDATED NATURAL GAS COMPANY
		
	By:	 	  

	Title:	 	  

	
	VIRIGINA ELECTRIC AND POWER COMPANY
		
	By:	 	  

	Title:	 	  

 

 2 

 Exhibit 2.8(b) 

EXTENSION OF MATURITY DATE CERTIFICATE 

[Date] 
 JPMorgan Chase Bank,
N.A., as Administrative Agent 
 270 Park Avenue 

New York, New York 10017 
 Attention: 

Ladies and Gentlemen: 

Reference is made to the Credit Agreement, dated as of February 28, 2006, among the undersigned, the lenders from time to time
parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Syndication Agent, Barclays Bank PLC, The Bank of Nova Scotia and Wachovia Bank, National Association, as Co-Documentation Agents (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”). Terms defined in the Credit Agreement are used herein as therein defined. 

The undersigned hereby represents and warrants that (i) on the date hereof no Default or Event of Default has occurred or is
continuing and (ii) the representations and warranties made by the Borrower in or pursuant to the Credit Documents are true and correct in all material respects on and as of the date hereof with the same effect as if made on such date.

 This is an Extension of Maturity Date Certificate required to be furnished pursuant to Section 2.8(b) of the Credit
Agreement in connection with the extension of the Maturity Date to [INSERT REQUESTED MATURITY DATE]. 
  

			
	 DOMINION RESOURCES, INC.

		
	By:	 	  

	Title:	 	  

			
	 CONSOLIDATED NATURAL GAS COMPANY

		
	By:	 	  

	Title:	 	  

	
	 VIRIGINA ELECTRIC AND POWER COMPANY

		
	By:	 	  

	Title:	 	  

 

 2 

 Exhibit 6.1(c) 

FORM OF CLOSING CERTIFICATE 

Pursuant to Section 6.1(c) of the Five-Year Revolving Credit Agreement dated as of February 28, 2006 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), among Dominion Resources, Inc., Virginia Electric and Power Company, Consolidated Natural Gas Company, the several banks and other financial institutions from time to
time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and the other agents party thereto, the undersigned Assistant Treasurer of the [insert name of relevant Borrower] (the “Borrower”) (solely in his or her
capacity as such and not personally) hereby certifies as follows: 
 1. The representations and warranties made
by the Borrower in or pursuant to the Credit Documents are true and correct in all material respects on and as of the date hereof with the same effect as if made on such date; 

2. The conditions precedent set forth in subsection 6.1 of the Credit Agreement have been satisfied; 

3. On the date hereof, no Default or Event of Default has occurred; 

4.
                                 is and at all times since
                 ,         has been the duly elected and qualified [Assistant] Secretary of the Borrower and
the signature set forth on the signature line for such officer below is such officer’s true and genuine signature; 
 and the undersigned
[Assistant] Secretary of the Borrower hereby certifies as follows: 
 5. The Borrower is a corporation duly
incorporated, validly existing and in good standing under the laws of the State of [Virginia] [Delaware]; 
 6.
Attached hereto as Exhibit A is a true and complete copy of resolutions duly adopted by the Board of Directors of the Borrower (or a duly authorized committee thereof) on
                 , 2006 authorizing (i) the execution, delivery and performance of the Credit Agreement and (ii) the borrowings contemplated
thereunder; such resolutions have not in any way been amended, modified, revoked or rescinded and have been in full force and effect since their adoption to and including the date hereof and are now in full force and effect; and such resolutions are
the only corporate proceedings of the Borrower now in force relating to or affecting the matters referred to therein; attached hereto as Exhibit B is a true and complete copy of the By-Laws of the Borrower as in effect at all times since
                 ,          to and including the date hereof; and attached hereto as Exhibit C is a
true and complete copy of the Articles of Incorporation as in effect at all times since                  ,
        , to and including the date hereof; and attached hereto as Exhibit D is a certified copy of the Borrower’s good standing certificate or its equivalent and, if available, a tax good
standing certificate of the Borrower. 

 7. All governmental, shareholder and third party consents (including
Securities and Exchange Commission clearance) and approvals necessary or desirable in connection with the transactions contemplated hereby have been received and are in full force and effect and no condition or requirement of law exists which could
reasonably be likely to restrain, prevent or impose any material adverse condition on the transactions contemplated by the Credit Agreement, and attached hereto are copies of any required orders of the Virginia State Corporation Commission or any
other state utilities commission approving the Borrower’s execution, delivery and performance of the Credit Agreement and the borrowings thereunder. 

8. The following persons are now duly elected and qualified officers of the Borrower, holding the offices indicated next
to their respective names below, and such officers have held such offices with the Borrower at all times since                  ,
         to and including the date hereof, and the signatures appearing opposite their respective names below are the true and genuine signatures of such officers, and each of such officers is an
authorized signatory of the Borrower and is duly authorized to execute and deliver on behalf of the Borrower, any and all notes, notices, documents, statements and papers under and relating to the Credit Agreement, and otherwise to act as an
authorized signatory of the Borrower under the Credit Documents and all other documents to be executed in connection therewith for all purposes: 
  

					
	 Name
	 	 Office
	 	 Signature

			
		 		 	  

			
		 		 	  

 IN WITNESS
WHEREOF, the undersigned have hereunto set our names. 
  

									
	By:	  	  
	  		  	By:	  	  

	Name:	  		  		  	Name:	  	
	Title:	  	[Assistant Treasurer]	  		  	Title:	  	[Assistant Secretary]

 Date
                                        

  

 2 

 Exhibit 6.1(f) 

FORM OF LEGAL OPINION 

[see attached] 

 The Administrative Agent 

  and each of the Lenders 
 May 29,
2003 
 Page 2 
  

 February 28, 2006 

Each of the Lender Parties 

  referenced below 

Dominion Resources, Inc. 

Ladies and Gentlemen: 
 We have
acted as special counsel to Dominion Resources, Inc., a Virginia corporation (“DRI”), Virginia Electric and Power Company, a Virginia corporation (“VaPower”), and Consolidated Natural Gas Company, a Delaware
corporation (“CNG”; DRI, VaPower and CNG are collectively referred to as the “Borrower Parties” and individually as a “Borrower Party”), in connection with the transactions contemplated by the
$3,000,000,000 5-Year Revolving Credit Agreement dated as of February 28, 2006 (the “Credit Agreement”) among the Borrower Parties, the several Lenders from time to time parties thereto (the “Lenders”),
JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, the “Agent”; the Agent and the Lenders are collectively referred to as the “Lender Parties” and individually as a “Lender
Party”), Citibank, N.A., as Syndication Agent, and Barclays Bank PLC, The Bank of Nova Scotia and Wachovia Bank, National Association, as Co-Documentation Agents. This opinion letter is furnished to you pursuant to Section 6.1(f) of
the Credit Agreement. Unless otherwise defined herein, terms used herein have the meanings provided for in the Credit Agreement. 

Documents Reviewed 

In connection with this opinion letter, we have examined the Credit Agreement and have also examined, and relied upon, the following:

 (i) certificates from the secretary or assistant secretary of each Borrower Party certifying in each
instance as to true and correct copies of the articles (or certificate) of incorporation, bylaws and board of directors resolutions of each such Borrower Party (the “Organizational Documents”) and as to the incumbency and specimen
signatures of officers authorized to execute the Credit Agreement on behalf of each such Borrower Party; 

 The Administrative Agent 

  and each of the Lenders 
 May 29,
2003 
 Page 3 
  

 (ii) with respect to each of DRI and VaPower, a certificate issued by
the State Corporation Commission of Virginia attesting to the continued existence and good standing of each such Borrower Party in the Commonwealth of Virginia, and with respect to CNG, a certificate issued by the Secretary of State of Delaware,
attesting to the continued existence and good standing of CNG in the State of Delaware (collectively, the “Good Standing Certificates”); and 

(iii) a Certificate of the Borrower Parties, a copy of which is attached as Annex A hereto (the
“Borrower’s Certificate”), together with (A) the indentures, mortgages, deeds of trust, credit agreements, guarantees and other agreements referred to on Schedule I thereto (collectively, the “Reviewed
Agreements”) and (B) the orders, writs, injunctions, decrees and judgments referred to on Schedule II thereto (collectively, the “Reviewed Orders”). 

We have also reviewed originals, or copies identified to our satisfaction as being true copies, of such other records, documents and
other instruments, and made such other investigations, as we have deemed necessary or appropriate for the purposes of this opinion letter. 

Assumptions Underlying Our Opinions 

For all purposes of the opinions expressed herein, we have assumed, without independent investigation, the following: 

(a) Factual Matters. To the extent that we have reviewed and relied upon (i) certificates of each Borrower Party,
(ii) representations of each Borrower Party set forth in the Credit Agreement and (iii) certificates and assurances from public officials, all of such certificates, representations and assurances are accurate with regard to factual
matters; 
 (b) Contrary Knowledge of Addressee. No addressee of this opinion letter has any actual knowledge that
any of our factual assumptions is inaccurate; 
 (c) Signatures. The signatures of individuals signing the Credit
Agreement are genuine and, except as to those individuals signing on behalf of the Borrower Parties, are authorized; 
 (d)
Authentic and Conforming Documents. All documents submitted to us as originals are authentic, complete and accurate, and all documents submitted to us as copies conform to authentic original documents; 

(e) Capacity of Certain Parties. All parties to the Credit Agreement (other than the Borrower Parties) have the capacity and full
power and authority to execute, deliver and perform the Credit Agreement and the documents required or permitted to be delivered and performed thereunder; 

 The Administrative Agent 

  and each of the Lenders 
 May 29,
2003 
 Page 4 
  

 (f) Credit Agreement Binding on Certain Parties. Except with respect to the
Borrower Parties, the Credit Agreement and the documents required or permitted to be delivered thereunder have been duly authorized by all necessary corporate or other action on the part of the parties thereto, have been duly executed and delivered
by such parties and are legal, valid and binding obligations enforceable against such parties in accordance with their terms; 

(g) Noncontravention. Neither the execution, delivery and performance of the Credit Agreement by any party thereto nor the
compliance by any party thereto with the terms and provisions thereof will conflict with or result in a breach or violation of (i) any law or regulation of any jurisdiction (other than the laws and regulations applicable to the Borrower Parties
specified in paragraph 4(a) of our opinions), (ii) any order, writ, injunction or decree of any court or governmental instrumentality or agency other than the Reviewed Orders or (iii) any agreement or instrument other than the
Reviewed Agreements; 
 (h) Consents for Certain Parties. All necessary consents, authorizations, approvals, permits or
certificates (governmental and otherwise) which are required as a condition to the execution and delivery of the Credit Agreement by the parties thereto (other than the Borrower Parties) and to the consummation by such parties of the transactions
contemplated thereby have been obtained; and 
 (i) Accurate Description of Parties’ Understanding. The Credit
Agreement accurately describes and contains the mutual understanding of the parties, and there are no oral or written statements or agreements that modify, amend or vary, or purport to modify, amend or vary, any of the terms thereof; 

(j) Use of Proceeds. With respect to our opinion in paragraph 4(a) as it relates to Regulations T, U and X of the Board of
Governors of the Federal Reserve System, the Borrower Parties will comply with the provisions of the Credit Agreement relating to the use of proceeds; and 

(k) Reviewed Agreements and Reviewed Orders. With respect to our opinion in paragraph 4(c), if the law governing any
Reviewed Agreement or any Reviewed Order is the law of a state other than the State of New York, the law governing each such Reviewed Agreement and Reviewed Order would have the same effect as the law of the State of New York. 

Opinions 

Based on and subject to the foregoing and the exclusions, qualifications and other assumptions set forth in this opinion letter, we are
of the opinion that: 
 1. Organizational Status. Based solely upon the Good Standing Certificates, each Borrower Party
is a validly existing corporation in good standing under the laws of the state in which it is incorporated as of the date set forth in the applicable Good Standing Certificate. 

 The Administrative Agent 

  and each of the Lenders 
 May 29,
2003 
 Page 5 
  

 2. Power and Authority. Each Borrower Party has the corporate power and authority
to execute, deliver and perform the terms and provisions of the Credit Agreement and has taken all necessary corporate action to authorize the execution, delivery and performance thereof. 

3. Execution, Validity and Enforceability. Each Borrower Party has duly executed and delivered the Credit Agreement, and the
Credit Agreement constitutes its valid, binding and enforceable obligation. 
 4. Noncontravention. Neither the
execution, delivery and performance by any Borrower Party of the Credit Agreement, nor the compliance by any Borrower Party with the terms and provisions thereof, (a) violates any present law, statute or regulation of the State of New York, the
Commonwealth of Virginia or the United States (including Regulations T, U and X of the Board of Governors of the Federal Reserve System) or the Delaware General Corporation Law that, in each case, is applicable to such Borrower Party;
(b) violates any provision of the Organizational Documents of such Borrower Party; or (c) results in any breach of any of the terms of, or constitutes a default under, any Reviewed Agreement or Reviewed Order or results in the creation or
imposition of any lien, security interest or other encumbrance (except as contemplated by the Credit Agreement) upon any assets of such Borrower Party pursuant to the terms of any Reviewed Agreement. 

5. Governmental Approvals. No consent, approval or authorization of, or filing with, any governmental authority of the State of
New York, the Commonwealth of Virginia or the United States, or the State of Delaware pursuant to the Delaware General Corporation Law, that, in each case, is applicable to any Borrower Party is required for (a) the due execution, delivery and
performance by any Borrower Party of the Credit Agreement or (b) the validity, binding effect or enforceability of the Credit Agreement, except (i) in each case as have previously been made or obtained and (ii) consents, approvals,
authorizations or filings as may be required to be obtained or made by any Lender Party as a result of its involvement in the transactions contemplated by the Credit Agreement. 

6. Proceedings. To our knowledge, there is no outstanding judgment, action, suit or proceeding pending against any Borrower Party
or any of its Subsidiaries before any court, governmental agency or arbitrator which challenges the legality, validity, binding effect or enforceability of the Credit Agreement. 

7. Investment Company Act. No Borrower Party is an “investment company” or a company “controlled by” an
“investment company” within the meaning of the Investment Company Act of 1940, as amended. 

 The Administrative Agent 

  and each of the Lenders 
 May 29,
2003 
 Page 6 
  

 Exclusions 

We express no opinion with respect to the following matters: 

(a) Indemnification. The enforceability of any provision of the Credit Agreement relating to indemnification, contribution or
exculpation from costs, expenses or other liabilities that is contrary to public policy or applicable law; 
 (b)
Jurisdiction, Venue, etc. The enforceability in any court of any agreement of a Borrower Party (i) to submit to the jurisdiction of any specific federal or state court (other than the enforceability in a court of the State of New York of
any such agreement to submit to the jurisdiction of a court of the State of New York), (ii) to waive (A) any objection to the laying of the venue, (B) the defense of forum non conveniens in any action or proceeding or (C) trial
by jury, (iii) to effect service of process in any particular manner, (iv) to establish evidentiary standards or (v) regarding the choice of law governing the Credit Agreement (other than the enforceability in a court of the State of
New York of an agreement that the laws of the State of New York govern the Credit Agreement); 
 (c) Trust Relationship.
The creation of any trust relationship by any Borrower Party on behalf of any Lender Party; 
 (d) Certain Laws. Federal
securities laws or regulations, state securities and Blue Sky laws or regulations, federal and state banking laws and regulations, pension and employee benefit laws and regulations, federal and state environmental laws and regulations, federal and
state tax laws and regulations, federal and state health and occupational safety laws and regulations, building code, zoning, subdivision and other laws and regulations governing the development, use and occupancy of real property, the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other federal and state antitrust and unfair competition laws and regulations, the Assignment of Claims Act of 1940, and the effect of any of the foregoing on any of the opinions expressed;

 (e) Local Ordinances. The ordinances, statutes, administrative decisions, orders, rules and regulations of any
municipality, county, special district or other political subdivision of a state; 
 (f) Certain Agreements of Borrower
Parties. The enforceability of any agreement of a Borrower Party providing for: 
 (i) specific performance
of such Borrower Party’s obligations; 
 (ii) the right of any purchaser of a participation interest from
any Lender to set off or apply any deposit, property or indebtedness with respect to any such participation interest; 

(iii) establishment of a contractual rate of interest payable after judgment; 

 The Administrative Agent 

  and each of the Lenders 
 May 29,
2003 
 Page 7 
  

 (iv) adjustments of payments among Lenders or rights of set off;

 (v) the granting of any power of attorney; 

(vi) survival of liabilities and obligations of any party under the Credit Agreement arising after the effective date
of termination of the Credit Agreement; or 
 (vii) obligations to make an agreement in the future; and

 (g) Remedies. The enforceability of any provision in the Credit Agreement to the effect that rights or remedies are
not exclusive, that every right or remedy is cumulative and may be exercised in addition to any other right or remedy, that the election of some particular remedy does not preclude recourse to one or more others or that failure to exercise or delay
in exercising rights or remedies will not operate as a waiver of any such right or remedy. 
 (h) Incorporated Documents.
Any documents or instruments referenced or incorporated in the Credit Agreement and any other documents or instruments (other than the Credit Agreement, the Reviewed Agreements and the Reviewed Orders) or as to the interplay between the Credit
Agreement and any such other documents and instruments. 
 (i) Reviewed Agreements and Reviewed Orders. With respect to
our opinion in paragraph 4(c), any violation of a Reviewed Agreement or a Reviewed Order not readily ascertainable from the face of any Reviewed Agreement or Reviewed Order or arising from any cross-default provision insofar as it relates to
a default under an agreement that is not a Reviewed Agreement or arising under a covenant of a financial or numerical nature or requiring computation. 

Qualifications and Limitations 

The opinions set forth above are subject to the following qualifications and limitations: 

(a) Applicable Law. Our opinions are limited to the federal law of the United States, the laws of the State of New York, the
laws of the Commonwealth of Virginia and the Delaware General Corporation Law, and we do not express any opinion concerning any other law. 

(b) Bankruptcy. Our opinions are subject to the effect of any applicable bankruptcy, insolvency (including, without limitation,
laws relating to preferences, fraudulent transfers and equitable subordination), reorganization, moratorium and other similar laws affecting creditors’ rights generally. 

 The Administrative Agent 

  and each of the Lenders 
 May 29,
2003 
 Page 8 
  

 (c) Equitable Principles. Our opinions are subject to the effect of general
principles of equity (regardless of whether considered in a proceeding in equity or at law), including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing. In applying such principles, a court, among other
things, might limit the availability of specific equitable remedies (such as injunctive relief and the remedy of specific performance), might not allow a creditor to accelerate maturity of debt or exercise other remedies upon the occurrence of a
default deemed immaterial or for non-credit reasons or might decline to order a debtor to perform covenants in the Credit Agreement. Further, a court may refuse to enforce a covenant if and to the extent that it deems such covenant to be violative
of applicable public policy, including, for example, provisions requiring indemnification of a Lender Party against liability for its own wrongful or negligent acts. 

(d) Knowledge. Whenever we use the phrase “to our knowledge” or “known to us” (or words of similar import) in
this opinion letter, it means the actual knowledge of the particular McGuireWoods LLP attorneys who have represented the Borrower Parties in connection with the Credit Agreement and who have given substantive attention to the preparation and
negotiation thereof. Except as expressly set forth herein, we have not undertaken any independent investigation (including, without limitation, conducting any review, search or investigation of any public files or records or dockets or any review of
our files) to determine the existence or absence of any facts, and no inference as to our knowledge concerning such facts should be drawn from our reliance on the same in connection with the preparation and delivery of this opinion letter.

 (e) Choice of New York Law and Forum. To the extent that any opinion relates to the enforceability of the choice of
New York law and the choice of New York forum provisions of the Credit Agreement, our opinion is rendered in reliance upon N.Y. Gen Oblig. Law §§5-1401 and 5-1402 (McKinney 2001) and N.Y. CPLR 327(b) (McKinney 2001) and is subject to the
qualification that such enforceability may be limited by public policy considerations of any jurisdiction, other than the courts of the State of New York, in which enforcement of such provisions, or of a judgment upon an agreement containing such
provisions, is sought. 
 (f) Noncontravention and Governmental Approvals. With respect to the opinions expressed in
paragraphs 4(a) and 5, our opinions are limited to our review of (i) those laws and regulations that, in our experience, are normally applicable to business corporations generally, (ii) those laws and regulations applicable
to the Borrower Parties’ specially regulated business activities known to us and (iii) those laws and regulations that, in our experience, are normally applicable to transactions of the type contemplated by the Credit Agreement. In
addition, we note that the order of the State Corporation Commission of Virginia dated February 23, 2006 regarding the incurrence by VaPower of the indebtedness contemplated by the Credit Agreement will not become a final and nonappealable
order until 30 days after the date of issuance, although as of the date hereof there are no parties with standing to appeal such order. 

 The Administrative Agent 

  and each of the Lenders 
 May 29,
2003 
 Page 9 
  

 (g) Mathematical Calculations. We have made no independent verification of any of
the numbers, schedules, formulae or calculations in the Credit Agreement, and we render no opinion with regard to the accuracy, validity or enforceability of any of them. 

Miscellaneous 

The foregoing opinions are being furnished to the Lender Parties for the purpose referred to in the first paragraph of this opinion
letter, and this opinion letter is not to be furnished to any other person or entity or used or relied upon for any other purpose without our prior written consent. The opinions set forth herein are made as of the date hereof, and we assume no
obligation to supplement this opinion letter if any applicable laws change after the date hereof or if we become aware after the date hereof of any facts that might change the opinions expressed herein. Headings in this opinion letter are intended
for convenience of reference only and shall not affect its interpretation. 
 Very truly
yours,                                        
         
  

			
	Attachments:	 	
		
	Annex A 	 	-        Borrower’s Certificate

 Exhibit 8.1(c) 

FORM OF OFFICER’S CERTIFICATE 

This certificate is provided pursuant to Section 8.1(c) of the Five-Year Revolving Credit Agreement, dated as of February 28,
2006 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Dominion Resources, Inc., Virginia Electric and Power Company, Consolidated Natural Gas Company, the several banks and other
financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and the other agents party thereto. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the
Credit Agreement. 
 The undersigned officer of the Borrower hereby certifies that [he/she] is the [Chief Financial
Officer][Treasurer] of the Borrower, and that as such [he/she] is authorized to execute this certificate required to be furnished pursuant to subsection 8.1(c) of the Credit Agreement, and further certifies that: 

 

	 	(a)	Attached hereto is a copy of the financial statements of the Borrower required to be delivered pursuant to Section 8.1(a) or 8.1(b) of the Credit Agreement.

  

	 	(b)	The financial statements attached hereto are complete and correct in all material respects and were prepared in reasonable detail and in accordance with GAAP applied
consistently throughout the periods reflected therein. 

  

	 	(c)	The undersigned has no knowledge of any Default or Event of Default. 

  

	 	(d)	The Borrower has complied with the financial covenants set forth in Section 8.11 of the Credit Agreement, as supported by the following calculation (all amounts
are as of [insert date]):  

 IN WITNESS WHEREOF, I have hereunto set my hand this
day         of                     ,         .

  

			
	By:	 	  

	Name:	 	
	Title:	 	

 Exhibit 12.3 

FORM OF ASSIGNMENT AGREEMENT 

Reference is made to the Five-Year Revolving Credit Agreement, dated as of February 28, 2006 (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among Dominion Resources, Inc., Virginia Electric and Power Company, Consolidated Natural Gas Company, the several banks and other financial institutions from time to time parties
thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and the other agents party thereto. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement. This Assignment Agreement, between
the Assignor (as set forth on Schedule 1 hereto and made a part hereof) and the Assignee (as set forth on Schedule 1 hereto and made a part hereof) is dated as of the Effective Date (as set forth on Schedule 1 hereto and made a
part hereof, the “Effective Date”). 
 1. The Assignor hereby irrevocably sells and assigns to the Assignee
without recourse to the Assignor, and the Assignee hereby irrevocably purchases and assumes from the Assignor without recourse to the Assignor, as of the Effective Date, a     % interest (the “Assigned
Interest”) in and to the Assignor’s rights and obligations under the Credit Agreement respecting those credit facilities contained in the Credit Agreement as are set forth on Schedule 1 (the “Assigned
Facilities”), in a principal amount for each Assigned Facility as set forth on Schedule 1; provided, however, it is expressly understood and agreed that (i) the Assignor is not assigning to the Assignee and the Assignor
shall retain (A) all of the Assignor’s rights under subsection 4.3 of the Credit Agreement with respect to any cost, reduction or payment incurred or made prior to the Effective Date, including, without limitation, the rights to
indemnification and to reimbursement for taxes, costs and expenses and (B) any and all amounts paid to the Assignor prior to the Effective Date and (ii) both Assignor and Assignee shall be entitled to the benefits of subsection 12.5 of the
Credit Agreement. 
 2. The Assignor (i) makes no representation or warranty and assumes no responsibility with respect to
any statements, warranties or representations made in or in connection with the Credit Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, any other Credit Document or any other
instrument or document furnished pursuant thereto, other than that it has not created any adverse claim upon the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (ii) makes no representation
or warranty and assumes no responsibility with respect to the financial condition of the Borrowers, any of their subsidiaries or any other obligor or the performance or observance by the Borrowers, any of their subsidiaries or any other obligor of
any of their respective obligations under the Credit Agreement or any other Credit Document or any other instrument or document furnished pursuant hereto or thereto; (iii) attaches the Competitive Bid Loan Note held by it evidencing the
Assigned Facilities and requests that the Administrative Agent exchange such Competitive Bid Loan Note for a new Competitive Bid Loan Note payable to the Assignor (if the Assignor has retained any interest in the Assigned Facility) and a new
Competitive Bid Loan Note payable to the Assignee in the respective amounts which reflect the assignment being made hereby (and after giving effect to 

 
any other assignments which have become effective on the Effective Date); and (iv) attaches the Revolving Loan Note held by it evidencing the Assigned Facilities and requests that the
Administrative Agent exchange such Revolving Loan Note for a new Revolving Loan Note payable to the Assignor (if the Assignor has retained any interest in the Assigned Facility) and a new Revolving Loan Note payable to the Assignee in the respective
amounts which reflect the assignment being made hereby (and after giving effect to any other assignments which have become effective on the Effective Date). 

3. The Assignee (i) represents and warrants that it is legally authorized to enter into this Assignment Agreement;
(ii) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements delivered pursuant to Section 8.1 thereof and such other documents and information as it has deemed appropriate to make its
own credit analysis and decision to enter into this Assignment Agreement; (iii) agrees that it will, independently and without reliance upon the Assignor, the Administrative Agent or any other person which has become a Lender and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iv) appoints and authorizes the Administrative Agent to take such action
as agent on its behalf and to exercise such powers under the Credit Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers as are incidental thereto; and (v) agrees that it will be bound by the
provisions of the Credit Agreement and will perform in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender including, if it is organized under the laws of a
jurisdiction outside the United States, its obligation pursuant to Section 4.4(d) of the Credit Agreement to deliver the forms prescribed by the Internal Revenue Service of the United States certifying as to the Assignee’s exemption from
United States withholding taxes with respect to all payments to be made to the Assignee under the Credit Agreement, or such other documents as are necessary to indicate that all such payments are subject to such tax at a rate reduced by an
applicable tax treaty. 
 4. Following the execution of this Assignment Agreement, it will be delivered to the Administrative
Agent for acceptance by it and recording by the Administrative Agent pursuant to subsection 12.3(b) of the Credit Agreement, effective as of the Effective Date (which shall not, unless otherwise agreed to by the Administrative Agent, be earlier than
five Business Days after the date of acceptance and recording by the Administrative Agent of the executed Assignment Agreement). 

5. Upon such acceptance and recording, from and after the Effective Date, the Administrative Agent shall make all payments in respect of
the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to the Effective Date and to the Assignee for amounts which have accrued subsequent to the Effective Date.

 6. From and after the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent
provided in this Assignment Agreement, have the rights and obligations of a Lender thereunder and under the other Credit Documents and shall be bound by the provisions thereof and (ii) the Assignor shall, to the extent provided in this
Assignment Agreement, relinquish its rights and be released from its obligations under the Credit Agreement. 
  

 2 

 7. This Assignment Agreement shall be governed by and construed in accordance with the laws
of the State of New York. 
 IN WITNESS WHEREOF, the parties hereto have caused this Assignment Agreement to be executed by
their respective duly authorized officers on Schedule 1 hereto. 
  

 3 

 Schedule 1 to Assignment Agreement 

Name of Assignor: 
 Name of Assignee:

 Effective Date of Assignment: 
  

							
	 A.
	  	 Revolving Loans
	  	 Principal

Amount Assigned
	  	 Commitment Percentage Assigned

(to at least fifteen decimals) (shown

as a percentage of aggregate

principal amount of all Lenders)

 

											
	 B.
	  	 Competitive Bid Loans
	  	 Principal

Amount Assigned
	  	 Interest Rate
	  	  	  	 Maturity Date

 

			
	 [Name of Assignee]

	By:	 	  

	Name:	 	
	Title:	 	

									
		 		 		 	[Name of Assignor]
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	
			
	Accepted and Consented to:	 		 	Accepted and Consented to:
			
	 JPMORGAN CHASE BANK, N.A.,

as Administrative Agent
	 		 	 JPMORGAN CHASE BANK, N.A.,

as Issuing Lender

					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
				
		 		 		 	Accepted and Consented to:
				
		 		 		 	CITIBANK, N.A.,
		 		 		 	as Issuing Lender
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	

  

			
	Consented To:
	
	 DOMINION RESOURCES, INC.,

as Borrower

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 VIRGINIA ELECTRIC AND POWER COMPANY,

as Borrower

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 CONSOLIDATED NATURAL GAS COMPANY,

as Borrower

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 2Exhibit 10.3

 Exhibit 10.3 

EXECUTION COPY 

$1,700,000,000 

AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT 

among 

CONSOLIDATED NATURAL GAS COMPANY, 

The Several Lenders from Time to Time Parties Hereto, 

BARCLAYS BANK PLC, 

as Administrative Agent, 

BARCLAYS BANK PLC AND 

KEYBANK NATIONAL ASSOCIATION, 

as Syndication Agents 

and 
 SUNTRUST
BANK, 
 THE BANK OF NOVA SCOTIA AND 

ABN AMRO BANK N.V. 

as Co-Documentation Agents 
  

 
 BARCLAYS
CAPITAL AND 
 KEYBANK NATIONAL ASSOCIATION, 

as Joint Lead Arrangers and Joint Bookrunners 

Dated as of February 28, 2006 

 Table of Contents 

 

					
	 	    	 	  	Page
	 SECTION 1.     DEFINITIONS AND ACCOUNTING TERMS
	  	2
			
	 1.1.
	    	 Definitions
	  	2
			
	 1.2.
	    	 Computation of Time Periods; Other Definitional Provisions
	  	14
			
	 1.3.
	    	 Accounting Terms
	  	15
			
	 1.4.
	    	 Time
	  	15
		
	 SECTION 2.     LOANS
	  	15
			
	 2.1.
	    	 Loan Commitment
	  	15
			
	 2.2.
	    	 Method of Borrowing for Loans
	  	15
			
	 2.3.
	    	 Funding of Loans
	  	16
			
	 2.4.
	    	 Minimum Amounts of Loans
	  	17
			
	 2.5.
	    	 Reductions and Increases of Loan Commitment
	  	17
			
	 2.6.
	    	 Loan Notes
	  	18
			
	 2.7.
	    	 Extension of Maturity Date
	  	18
		
	 SECTION 3.     PAYMENTS
	  	21
			
	 3.1.
	    	 Interest
	  	21
			
	 3.2.
	    	 Prepayments
	  	21
			
	 3.3.
	    	 Payment in Full at Maturity
	  	22
			
	 3.4.
	    	 Fees and Utilization Margin
	  	22
			
	 3.5.
	    	 Place and Manner of Payments
	  	23
			
	 3.6.
	    	 Pro Rata Treatment
	  	23
			
	 3.7.
	    	 Computations of Interest and Fees
	  	24
			
	 3.8.
	    	 Sharing of Payments
	  	24
			
	 3.9.
	    	 Evidence of Debt
	  	25

					
		
	 SECTION 4.     ADDITIONAL PROVISIONS REGARDING LOANS
	  	26
			
	 4.1.
	    	 Eurodollar Loan Provisions
	  	26
			
	 4.2.
	    	 Capital Adequacy
	  	27
			
	 4.3.
	    	 Compensation
	  	27
			
	 4.4.
	    	 Taxes
	  	28
			
	 4.5.
	    	 Mitigation; Mandatory Assignment
	  	30
		
	 SECTION 5.     LETTERS OF CREDIT
	  	30
			
	 5.1.
	    	 L/C Commitment
	  	30
			
	 5.2.
	    	 Procedure for Issuance of Letter of Credit
	  	31
			
	 5.3.
	    	 Fees and Other Charges
	  	32
			
	 5.4.
	    	 L/C Participations
	  	32
			
	 5.5.
	    	 Reimbursement Obligation of the Borrower
	  	33
			
	 5.6.
	    	 Obligations Absolute
	  	33
			
	 5.7.
	    	 Letter of Credit Payments
	  	34
			
	 5.8.
	    	 Applications
	  	34
		
	 SECTION 6.     CONDITIONS PRECEDENT
	  	34
			
	 6.1.
	    	 Closing Conditions
	  	34
			
	 6.2.
	    	 Conditions to Loans and Letters of Credit
	  	36
		
	 SECTION 7.     REPRESENTATIONS AND WARRANTIES
	  	36
			
	 7.1.
	    	 Organization and Good Standing
	  	36
			
	 7.2.
	    	 Due Authorization
	  	37
			
	 7.3.
	    	 No Conflicts
	  	37
			
	 7.4.
	    	 Consents
	  	37
			
	 7.5.
	    	 Enforceable Obligations
	  	37
			
	 7.6.
	    	 Financial Condition
	  	38

  

 ii 

							
	7.7.    	    	 No Default
	  	38
			
	7.8.    	    	 Indebtedness
	  	38
			
	7.9.    	    	 Litigation
	  	38
			
	7.10.  	    	 Taxes
	  	38
			
	7.11.  	    	 Compliance with Law
	  	39
			
	7.12.  	    	 ERISA
	  	39
			
	7.13.  	    	 Government Regulation
	  	39
			
	7.14.  	    	 Solvency
	  	39
		
	SECTION 8.     AFFIRMATIVE COVENANTS	  	39
			
	8.1.    	    	 Information Covenants
	  	39
			
	8.2.    	    	 Preservation of Existence and Franchises
	  	41
			
	8.3.    	    	 Books and Records
	  	41
			
	8.4.    	    	 Compliance with Law
	  	41
			
	8.5.    	    	 Payment of Taxes
	  	41
			
	8.6.    	    	 Insurance
	  	42
			
	8.7.    	    	 Performance of Obligations
	  	42
			
	8.8.    	    	 ERISA
	  	42
			
	8.9.    	    	 Use of Proceeds
	  	42
			
	8.10.  	    	 Audits/Inspections
	  	43
			
	8.11.  	    	 Total Funded Debt to Capitalization
	  	43
		
	SECTION 9.     NEGATIVE COVENANTS	  	43
			
	9.1.    	    	 Nature of Business
	  	43
			
	9.2.    	    	 Consolidation and Merger
	  	43
			
	9.3.    	    	 Sale or Lease of Assets
	  	44
			
	9.4.    	    	 Limitation on Liens
	  	44

  

 iii 

					
	 9.5.  
	    	 Fiscal Year
	  	44
		
	 SECTION 10.     EVENTS OF DEFAULT
	  	44
			
	 10.1.
	    	 Events of Default
	  	44
			
	 10.2.
	    	 Acceleration; Remedies
	  	47
			
	 10.3.
	    	 Allocation of Payments After Event of Default
	  	48
		
	 SECTION 11.     AGENCY PROVISIONS
	  	48
			
	 11.1.
	    	 Appointment
	  	48
			
	 11.2.
	    	 Delegation of Duties
	  	49
			
	 11.3.
	    	 Exculpatory Provisions
	  	49
			
	 11.4.
	    	 Reliance on Communications
	  	50
			
	 11.5.
	    	 Notice of Default
	  	50
			
	 11.6.
	    	 Non-Reliance on Administrative Agent and Other Lenders
	  	50
			
	 11.7.
	    	 Indemnification
	  	51
			
	 11.8.
	    	 Administrative Agent in Its Individual Capacity
	  	51
			
	 11.9.
	    	 Successor Administrative Agent
	  	52
		
	 SECTION 12.     MISCELLANEOUS
	  	52
			
	 12.1.
	    	 Notices
	  	52
			
	 12.2.
	    	 Right of Set-Off; Adjustments
	  	53
			
	 12.3.
	    	 Benefit of Agreement
	  	53
			
	 12.4.
	    	 No Waiver; Remedies Cumulative
	  	56
			
	 12.5.
	    	 Payment of Expenses, etc
	  	57
			
	 12.6.
	    	 Amendments, Waivers and Consents
	  	57
			
	 12.7.
	    	 Counterparts; Telecopy
	  	58
			
	 12.8.
	    	 Headings
	  	58
			
	 12.9.
	    	 Defaulting Lender
	  	58

  

 iv 

					
	 12.10.
	    	 Survival of Indemnification and Representations and Warranties
	  	59
			
	 12.11.
	    	 GOVERNING LAW
	  	59
			
	 12.12.
	    	 WAIVER OF JURY TRIAL
	  	59
			
	 12.13.
	    	 Severability
	  	59
			
	 12.14.
	    	 Entirety
	  	59
			
	 12.15.
	    	 Binding Effect
	  	59
			
	 12.16.
	    	 Submission to Jurisdiction
	  	60
			
	 12.17.
	    	 Confidentiality
	  	60
			
	 12.18.
	    	 Designation of SPVs
	  	61
			
	 12.19.
	    	 USA PATRIOT Act
	  	62
			
	 12.20.
	    	 Restatement
	  	62

  

 v 

			
	SCHEDULES	    	
		
	Schedule 1.1	    	Commitment Percentages
		
	Schedule 5.1	    	Existing Letters of Credit
		
	Schedule 7.8	    	Indebtedness
		
	Schedule 12.1	    	Notices
		
	EXHIBITS	    	
		
	Exhibit 2.2(a)	    	Form of Notice of Borrowing
		
	Exhibit 2.2(c)	    	Form of Notice of Conversion/Continuation
		
	Exhibit 2.6(a)	    	Form of Loan Note
		
	Exhibit 6.1(c)	    	Form of Closing Certificate
		
	Exhibit 6.1(e)	    	Form of Legal Opinion
		
	Exhibit 8.1(c)	    	Form of Officer’s Certificate
		
	Exhibit 12.3	    	Form of Assignment Agreement

  

 vi 

 FIVE-YEAR 

AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT 

AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT (this “Credit Agreement”), dated as of February 28, 2006 among:

  

	 	–	CONSOLIDATED NATURAL GAS COMPANY, a Delaware corporation (the “Borrower”); 

 

	 	–	the several banks and other financial institutions from time to time parties to this Credit Agreement (each, a “Lender” and, collectively, the
“Lenders”); 

  

	 	–	BARCLAYS BANK PLC (“Barclays”) (main office: New York, New York), KEYBANK NATIONAL ASSOCIATION (“KeyBank”), and SUNTRUST BANK
(“SunTrust”), as the Issuing Lenders hereunder (and as defined herein); 

  

	 	–	BARCLAYS, the investment banking division of Barclays, and KEYBANK, as Syndication Agents; 

 

	 	–	SUNTRUST BANK, THE BANK OF NOVA SCOTIA and ABN AMRO BANK N.V., as Co-Documentation Agents; 

and 
  

	 	–	BARCLAYS, as administrative agent for the Lenders hereunder (in such capacity, the “Administrative Agent”). 

PRELIMINARY STATEMENTS 

(1) The Borrower is a party to that certain $1,750,000,000 Five-Year Credit Agreement, dated as of August 17, 2005, among the
Borrower, the several lenders from time to time parties thereto (including the Departing Lenders as hereinafter defined), Barclays, as Administrative Agent, Barclays and KeyBank, as Syndication Agents, and SunTrust Bank, The Bank of Nova Scotia and
ABN AMRO Bank N.V., as Co-Documentation Agents, as amended as of the date hereof (the “Original Credit Agreement”). 

(2) The Borrower has requested that the Lenders and the other parties hereto agree to enter into this Credit Agreement to amend and
restate the Original Credit Agreement, and the Lenders and such other parties have agreed to enter into this Credit Agreement on the terms and conditions stated herein. 

(3) Each Departing Lender has agreed to execute and deliver a Departing Lender Signature Page, pursuant to which such Departing Lender
shall cease to be a party to the Original Credit Agreement, each Departing Lender’s “Commitment” under (and as defined in) the Original Credit Agreement shall be terminated and each Departing Lender shall not be a 

 

 
Lender hereunder (provided that the indemnities and obligations of the Borrower contained in Section 12.05 of the Original Credit Agreement in favor of each Departing Lender shall survive
the termination of such Departing Lender’s “Commitment” under the Original Credit Agreement). 
 NOW, THEREFORE,
in consideration of the premises and the mutual covenants and agreements contained herein, the parties hereto hereby agree, subject to the satisfaction of the conditions set forth in Section 6, that the Original Credit Agreement is hereby
amended and restated in its entirety as of the date hereof as follows: 
 SECTION 1. DEFINITIONS AND ACCOUNTING TERMS 

 1.1. Definitions. 

As used herein, the following terms shall have the meanings herein specified unless the context otherwise requires. Defined terms herein
shall include in the singular number the plural and in the plural the singular: 
 “Adjusted Base Rate” means
the Base Rate plus the Applicable Percentage for Base Rate Loans. 
 “Adjusted Eurodollar Rate” means the
Eurodollar Rate plus the Applicable Percentage for Eurodollar Loans. 
 “Administrative Agent” means Barclays
and its successors and assigns in such capacity. 
 “Affiliate” means, with respect to any Person, any other
Person directly or indirectly controlling (including but not limited to all directors and officers of such Person), controlled by or under direct or indirect common control with such Person. A Person shall be deemed to control a corporation if such
Person possesses, directly or indirectly, the power (i) to vote 20% or more of the securities having ordinary voting power for the election of directors of such corporation or (ii) to direct or cause direction of the management and
policies of such corporation, whether through the ownership of voting securities, by contract or otherwise. 

“Anniversary Date” has the meaning set forth in Section 2.7(a) hereof. 

 

 2 

 “Applicable Percentage” means, for Loans made to, Letters of Credit issued
for the account of, and Utilization Margins payable by, the Borrower, the appropriate applicable percentages, in each case, corresponding to the Rating of the Borrower in effect at such time, as shown below: 

 

																		
	 Pricing

Level
	  	 Rating of Borrower
	  	Applicable
Commitment

Fee	 	 	Applicable
Percentage

for
Utilization

Margin	 	 	Applicable
Percentage

for
Base
Rate
Loans	 	 	Applicable
Percentage

for
Eurodollar

Loans	 	 	Applicable
Percentage

for Letters
of Credit	 
	 1
	  	 A2 or higher from

Moody’s or A or higher

from S&P or
 A
or higher from Fitch
	  	0.07	% 	 	0.10	% 	 	0.0	% 	 	0.20	% 	 	0.30	% 
							
	 2
	  	 A3 from Moody’s or

A- from S&P or

A- from Fitch
	  	0.08	% 	 	0.10	% 	 	0.0	% 	 	0.25	% 	 	0.35	% 
							
	 3
	  	 Baa1 from Moody’s or

BBB+ from S&P or

BBB+ from Fitch
	  	0.09	% 	 	0.10	% 	 	0.0	% 	 	0.375	% 	 	0.475	% 
							
	 4
	  	 Baa2 from Moody’s or

BBB from S&P or

BBB from Fitch
	  	0.11	% 	 	0.10	% 	 	0.0	% 	 	0.475	% 	 	0.575	% 
							
	 5
	  	 Baa3 from Moody’s or

BBB- from S&P or

BBB- from Fitch
	  	0.15	% 	 	0.10	% 	 	0.0	% 	 	0.60	% 	 	0.70	% 
							
	 6
	  	 Ba1 from Moody’s or

BB+ from S&P or

BB+ from Fitch
	  	0.20	% 	 	0.10	% 	 	0.0	% 	 	0.875	% 	 	0.975	% 
							
	 7
	  	 Ba2 or lower from

Moody’s or BB or lower

from S&P or BB or lower

from Fitch
	  	0.25	% 	 	0.10	% 	 	0.0	% 	 	1.00	% 	 	1.10	% 

 Notwithstanding
the above, if at any time (i) the Borrower is split-rated and two Ratings fall within the same Pricing Level and the other Rating falls in any Pricing Level higher or lower than the Pricing Level of the two same Ratings, the Applicable
Percentage and the Commitment Fees shall be determined by reference to the Pricing Level of the two same Ratings; (ii) the Borrower is split-rated and each of the Ratings fall within different Pricing Levels, the Applicable Percentage and the
Commitment Fees shall be determined based on the Pricing Level of the middle Rating; or (iii) the Borrower shall maintain Ratings from only two of Moody’s, S&P and Fitch and each of the Ratings fall within different Pricing Levels, the
Applicable Percentage and the Commitment Fees shall be determined based on (a) the higher Pricing Level if the Ratings’ differential is one level and (b) the Pricing Level one level below the higher Rating if the Ratings’
differential is two levels or more. If any such rating agency shall cease to be in the business of rating corporate debt obligations, the Borrower and the Lenders shall negotiate in good faith to amend the Credit Documents to reflect the
unavailability of Ratings from such rating agency, and, pending the effectiveness of any such amendment, the Applicable Percentage and the Commitment Fees will be determined by reference to the Rating of such rating agency most recently in effect
prior to such cessation. 
  

 3 

 The Applicable Percentages and the Commitment Fees shall be determined and adjusted on the
date of any applicable change in a Rating of the Borrower. Any adjustment in the Applicable Percentages shall be applicable to all existing Base Rate Loans and Letters of Credit as well as any new Base Rate Loans or Eurodollar Loans and Letters of
Credit. 
 The Borrower shall promptly deliver to the Administrative Agent, at the address set forth on Schedule 12.1,
information regarding any change in any Rating of the Borrower that would change the existing Pricing Level (as set forth in the chart above). 

“Application” means an application, in such form as the applicable Issuing Lender may specify from time to time,
requesting such Issuing Lender to issue a Letter of Credit. 
 “Assuming Lender” has the meaning assigned to
such term in Section 2.7(c). 
 “Bankruptcy Code” means the Bankruptcy Code in Title 11 of the United
States Code, as amended, modified, succeeded or replaced from time to time. 
 “Barclays” has the meaning set
forth in the preamble hereof. 
 “Barclays Capital” has the meaning set forth in the preamble hereof.

 “Base Rate” means, for any day, a simple rate per annum equal to the greater of (a) the Prime Rate for
such day or (b) the sum of one-half of one percent (.50%) plus the Federal Funds Rate for such day. 
 “Base Rate
Loan” means a Loan that bears interest at an Adjusted Base Rate. 
 “Benefitted Lender” has the
meaning set forth in Section 12.2 hereof. 
 “Borrower” has the meaning set forth in the preamble hereof.

 “Business Day” means any day other than a Saturday, a Sunday, a legal holiday or a day on which banking
institutions are authorized or required by law or other governmental action to close in New York, New York or, solely for purposes of the issuance of any Letter of Credit by KeyBank, Cleveland, Ohio; provided that in the case of Eurodollar
Loans, such day is also a day on which dealings between banks are carried on in Dollar deposits in the London interbank market. 

“Capital Stock” means any and all shares, interests, participations or other equivalents (however designated) of capital
stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing. 

“Capitalization” means the sum of (a) Total Funded Debt plus (b) Net Worth. 

 

 4 

 “Change of Control” means either: (i) the Borrower shall cease to be a
Subsidiary of Dominion Resources or (ii) any person (as such term is defined in Section 13(d) of the Securities and Exchange Act of 1934, as amended) shall acquire, directly or indirectly, beneficial ownership of more than 50% of the
outstanding shares of the capital stock of Dominion Resources entitled to vote generally for the election of directors of Dominion Resources. 

“Closing Date” means the date hereof. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Commitment” means, with respect to each Lender, such Lender’s share of the Loan Commitment based upon such
Lender’s Commitment Percentage. 
 “Commitment Fees” has the meaning set forth in Section 3.4(a).

 “Commitment Percentage” means, for each Lender, the percentage identified as its Commitment Percentage
opposite such Lender’s name on Schedule 1.1 attached hereto, as such percentage may be modified in accordance with the terms of this Credit Agreement. 

“Consenting Lender” has the meaning assigned to such term in Section 2.7(b). 

“Consolidated Subsidiary” means, as to any Person, each Subsidiary of such Person (whether now existing or hereafter
created or acquired), the financial statements of which are or are required to be consolidated with the financial statements of such Person in accordance with GAAP, including principles of consolidation. 

“Controlled Group” means (i) the controlled group of corporations as defined in Section 414(b) of the Code and
the applicable regulations thereunder or (ii) the group of trades or businesses under common control as defined in Section 414(c) of the Code and the applicable regulations thereunder, of which the Borrower is a part or may become a part.

 “Credit Documents” means this Credit Agreement, the Loan Notes, and all other related agreements and
documents issued or delivered hereunder or thereunder or pursuant hereto or thereto. 
 “Credit Exposure” has
the meaning set forth in the definition of “Required Lenders” below. 
 “Default” means any event,
act or condition which with notice or lapse of time, or both, would constitute an Event of Default. 
 “Defaulting
Lender” means, at any time, any Lender that, at such time (a) has failed to make a Loan required pursuant to the terms of this Credit Agreement, (b) has failed to pay to the Administrative Agent or any Lender an amount owed by
such Lender pursuant to the terms of this Credit Agreement or (c) has been deemed insolvent or has become subject to a bankruptcy or insolvency proceeding or to a receiver, trustee or similar official. 

 

 5 

 “Departing Lender” means each lender under the Original Credit Agreement
that executes and delivers to the Administrative Agent a Departing Lender Signature Page. 
 “Departing Lender Signature
Page” means each signature page to this Credit Agreement on which it is indicated that the Departing Lender executing the same shall cease to be a party to the Original Credit Agreement on the Closing Date. 

“Dollar”, “dollar” and “$” means lawful currency of the United States. 

“Dominion Resources or DRI” means Dominion Resources, Inc., a Virginia corporation, and its successors and
permitted assigns. 
 “Effective Date” has the meaning set forth in Section 12.15 hereof. 

“Eligible Assignee” means: 
  

	(a)	any Lender or Affiliate or Subsidiary of a Lender; and 

  

	(b)	any other commercial bank, financial institution or “accredited investor” (as defined in Regulation D promulgated by the Securities and Exchange Commission)
that is either a bank organized or licensed under the laws of the United States of America or any State thereof or that has agreed to provide the information listed in Section 4.4(d) to the extent that it may lawfully do so and that is approved
by the Administrative Agent and the Borrower (each such approval not to be unreasonably withheld or delayed); 

 provided
that, for purposes of: 
  

	 	(i)	clause (a), the Borrower’s consent is not required; 

  

	 	(ii)	clause (b), the Borrower’s consent is not required during the existence and continuation of a Default or an Event of Default; 

 

	 	(iii)	clause (a) and clause (b), no person or entity shall be an Eligible Assignee without the consent of the Issuing Lenders, which consent may be given or withheld in
the sole discretion of the Issuing Lenders; and 

  

	 	(iv)	clause (a) and clause (b), neither the Borrower nor any Affiliate or Subsidiary of the Borrower shall qualify as an Eligible Assignee. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations
promulgated and the rulings issued thereunder. 
 “ERISA Affiliate” means each person (as defined in
Section 3(9) of ERISA) which together with the Borrower or any Subsidiary of the Borrower would be deemed to be a member of the same “controlled group” within the meaning of Section 414(b), (c), (m) and (o) of the Code.

  

 6 

 “Eurodollar Loan” means a Loan bearing interest at a rate of interest
determined by reference to the Eurodollar Rate. 
 “Eurodollar Rate” means with respect to any Eurodollar Loan,
for the Interest Period applicable thereto, a rate per annum determined pursuant to the following formula: 

“Eurodollar Rate” = Interbank Offered Rate         

1 - Eurodollar Reserve Percentage 

“Eurodollar Reserve Percentage” means, for any day, that percentage (expressed as a decimal) which is in effect from
time to time under Regulation D, as such regulation may be amended from time to time or any successor regulation, as the maximum reserve requirement (including, without limitation, any basic, supplemental, emergency, special, or marginal reserves)
applicable with respect to Eurocurrency liabilities as that term is defined in Regulation D (or against any other category of liabilities that includes deposits by reference to which the interest rate of Eurodollar Loans is determined), whether or
not any Lender has any Eurocurrency liabilities subject to such reserve requirement at that time. Eurodollar Loans shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject to reserve requirements without benefits of
credits for proration, exceptions or offsets that may be available from time to time to a Lender. The Eurodollar Rate shall be adjusted automatically on and as of the effective date of any change in the Eurodollar Reserve Percentage. 

“Event of Default” has the meaning specified in Section 10.1. 

“Exchange Act” means the Securities and Exchange Act of 1934, as amended. 

“Extension Date” has the meaning assigned to such term in Section 2.7(b). 

“Federal Funds Rate” means for any day the rate per annum (rounded upward to the nearest 1/100th of 1%) equal to the
weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding
such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the immediately preceding Business Day and (b) if no such rate is so published on such
next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate quoted to the Administrative Agent on such day on such transactions as determined by the Administrative Agent. 

“Fitch” means Fitch Ratings Ltd., or any successor or assignee of the business of such company in the business of rating
securities. 
 “Funded Debt” means, as to any Person, without duplication: (a) all Indebtedness of such
Person for borrowed money or which has been incurred in connection with the acquisition of assets (excluding letters of credit, bankers’ acceptances, Non-Recourse Debt, Mandatorily Convertible Securities, Trust Preferred Securities and Hybrid
Equity Securities), (b) all capital lease obligations (including Synthetic Lease Obligations) of such Person and (c) all Guaranty Obligations of Funded Debt of other Persons. 

 

 7 

 “GAAP” means generally accepted accounting principles in the United States
applied on a consistent basis and subject to Section 1.3. 
 “Governmental Authority” means any Federal,
state, local or foreign court or governmental agency, authority, instrumentality or regulatory body. 
 “Granting
Lender” has the meaning set forth in Section 12.18 hereof. 
 “Guaranty Obligations” means, in
respect of any Person, any obligation, contingent or otherwise, of such Person directly or indirectly guaranteeing any Indebtedness of another Person, including, without limitation, any obligation (a) to purchase or pay, or advance or supply
funds for the purchase or payment of, such Indebtedness or (b) entered into primarily for the purpose of assuring the owner of such Indebtedness of the payment thereof (such as, for example, but without limitation, an agreement to advance or
provide funds or other support for the payment or purchase of such Indebtedness or to maintain working capital, solvency or other balance sheet conditions of such other Person, including, without limitation, maintenance agreements, comfort letters
or similar agreements or arrangements, or to lease or purchase property, securities or services) if such obligation would constitute an indirect guarantee of indebtedness of others, the disclosure of which would be required in such Person’s
financial statements under GAAP; provided, however, that the term Guaranty Obligations shall not include (i) endorsements for deposit or collection in the ordinary course of business, (ii) obligations under purchased power
contracts or (iii) obligations of the Borrower otherwise constituting Guaranty Obligations under this definition to provide contingent equity support, to keep well, to purchase assets, goods, securities or services, to take or pay or to
maintain financial statement conditions or otherwise in respect of any Subsidiary or Affiliate of the Borrower in connection with the non-utility nonrecourse financing activities of such Subsidiary or Affiliate. 

“Hybrid Equity Securities” means any securities issued by the Borrower or a financing vehicle of the Borrower, that
(i) are classified as possessing a minimum of “intermediate equity content” by S&P, Basket C equity credit by Moody’s and 50% equity credit by Fitch and (ii) require no repayments or prepayments and no mandatory
redemptions or repurchases, in each case, prior to at least 91 days after the later of the termination of the Commitments and the repayment in full of the Loans and all other amounts due under this Credit Agreement. 

“Indebtedness” means, as to any Person, without duplication: (a) all obligations of such Person for borrowed money
or evidenced by bonds, debentures, notes or similar instruments; (b) all obligations of such Person for the deferred purchase price of property or services (except trade accounts payable arising in the ordinary course of business, customer
deposits, provisions for rate refunds, deferred fuel expenses and obligations in respect of pensions and other post-retirement benefits); (c) all capital lease obligations of such Person; (d) all Indebtedness of others secured by a Lien on
any properties, assets or revenues of such Person (other than stock, partnership interests or other equity interests of the Borrower or any of its Subsidiaries in other entities) to the extent of the lesser of the value of the property subject to
such Lien or the amount of such Indebtedness; (e) all Guaranty Obligations; and (f) all non-contingent obligations of such Person under any letters of credit or bankers’ acceptances. 

 

 8 

 “Indenture” means the Indenture dated as of April 1, 1995 between the
Borrower and United States Trust Company of New York, as Trustee, as in effect on the date hereof and without giving effect to any modifications or supplements thereto, or terminations thereof, after the date hereof. 

“Interbank Offered Rate” means, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded
upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first
day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Telerate Page 3750, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if
necessary, to the nearest 1/100 of 1%). If, for any reason, such rate is not available, the term “Interbank Offered Rate” shall mean, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded upwards, if
necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for
a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the
nearest 1/100 of 1%). 
 “Interest Payment Date” means (a) as to Base Rate Loans, the last day of each
fiscal quarter of the Borrower and the Maturity Date, and (b) as to Eurodollar Loans, the last day of each applicable Interest Period, and the Maturity Date. If an Interest Payment Date falls on a date which is not a Business Day, such Interest
Payment Date shall be deemed to be the next succeeding Business Day, except that in the case of Eurodollar Loans where such next succeeding Business Day falls in the next succeeding calendar month, then such Interest Payment Date shall be deemed to
be the immediately preceding Business Day. 
 “Interest Period” means, as to Eurodollar Loans, a period of 14
days (in the case of new money borrowings) or one, two or three months’ duration, as the Borrower may elect, commencing, in each case, on the date of the borrowing (including continuations and conversions of Eurodollar Loans); provided,
however, (i) if any Interest Period would end on a day which is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day (except that where the next succeeding Business Day falls in the next
succeeding calendar month, then such Interest Period shall end on the next preceding Business Day), (ii) no Interest Period shall extend beyond the Maturity Date and (iii) with respect to Eurodollar Loans, where an Interest Period begins
on a day for which there is no numerically corresponding day in the calendar month in which the Interest Period is to end, such Interest Period shall end on the last Business Day of such calendar month. 

“Issuing Lender” means, with respect to any Letter of Credit, the issuer thereof, which shall be Barclays, KeyBank,
SunTrust and/or any other Lender that agrees to act as an issuing Lender hereunder with the consent of the Borrower, the other Issuing Lenders and the Administrative Agent. 

“Joint Lead Arrangers” means Barclays Capital and KeyBank. 

 

 9 

 “KeyBank” has the meaning set forth in the preamble hereof. 

“L/C Commitment” means $1,700,000,000, or such lesser or greater amount equal to the then effective Loan Commitment as
modified from time to time in accordance with Section 2.5. 
 “L/C Fee Payment Date” means each of the
first Business Day of each January, April, July and October (as well as on the Maturity Date). 
 “L/C
Obligations” means, at any time, an amount equal to the sum of (a) the aggregate then undrawn and unexpired amount of the then outstanding Letters of Credit and (b) the aggregate amount of drawings under Letters of Credit that
have not then been reimbursed pursuant to Section 5.5. 
 “L/C Participants” means, with respect to any
Letter of Credit, the collective reference to all the Lenders other than the applicable Issuing Lender. 

“Lenders” means those banks and other financial institutions identified as such on the signature pages hereto and such
other institutions that may become Lenders pursuant to Section 12.3(b). 
 “Letter of Credit” has the
meaning set forth in Section 5.1(a). 
 “Letter of Credit Fees” has the meaning set forth in
Section 5.3(a). 
 “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
security interest, encumbrance, lien (statutory or otherwise), preference, priority or charge of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, any financing or similar
statement or notice filed under the Uniform Commercial Code as adopted and in effect in the relevant jurisdiction or other similar recording or notice statute, and any lease in the nature thereof). 

“Loan” means any loan made by any Lender to the Borrower pursuant to Section 2.1. 

“Loan Commitment” means One Billion Seven Hundred Million Dollars ($1,700,000,000), which amount includes the L/C
Commitment, as such amount may be otherwise reduced or increased in accordance with Section 2.5. 
 “Loan
Notes” means the promissory notes of the Borrower in favor of each Lender evidencing the Loans made to the Borrower and substantially in the form of Exhibit 2.6(a), as such promissory notes may be amended, modified, supplemented or replaced
from time to time. 
 “Mandatorily Convertible Securities” means any mandatorily convertible equity-linked
securities issued by the Borrower, so long as the terms of such securities require no repayments or prepayments and no mandatory redemptions or repurchases, in each case prior to at least 91 days after the later of the termination of the Commitments
and the repayment in full of the Loans and all other amounts due under this Credit Agreement. 
  

 10 

 “Material Adverse Effect” means a material adverse effect, after taking
into account applicable insurance, if any, on (a) the operations, financial condition or business of the Borrower and its Consolidated Subsidiaries, taken as a whole, (b) the ability of the Borrower to perform its obligations under this
Credit Agreement or (c) the validity or enforceability of this Credit Agreement or any of the other Credit Documents against the Borrower, or the rights and remedies of the Lenders against the Borrower hereunder or thereunder. 

“Material Plan” has the meaning set forth in Section 10.1(h) hereof. 

“Material Subsidiary” shall mean a Subsidiary of the Borrower whose total assets (as determined in accordance with GAAP)
represent at least 20% of the total assets of the Borrower, on a consolidated basis. 
 “Maturity Date” means
August 17, 2010, subject to extension pursuant to Section 2.7. 
 “Moody’s” means Moody’s
Investors Service, Inc., or any successor or assignee of the business of such company in the business of rating securities. 

“Multiemployer Plan” means at any time an employee pension benefit plan within the meaning of Section 4001(a)(3) of
ERISA to which any member of the Controlled Group is then making or accruing an obligation to make contributions or has within the preceding five plan years made contributions, including for these purposes any Person which ceased to be a member of
the Controlled Group during such five year period but only with respect to the period during which such Person was a member of the Controlled Group. 

“Net Worth” means, as of any date, the shareholders’ equity or net worth of the Borrower and its Consolidated
Subsidiaries, on a consolidated basis, as determined in accordance with GAAP (including, but not limited to, Mandatorily Convertible Securities, Trust Preferred Securities, Hybrid Equity Securities and Preferred Stock, but excluding the accumulated
other comprehensive income or loss component of shareholders’ equity). 
 “Non-Recourse Debt” means
Indebtedness (a) as to which the Borrower (i) does not provide credit support of any kind (including any undertaking, agreement or instrument that would constitute Indebtedness), (ii) is not directly or indirectly liable as a
guarantor or otherwise, and (iii) is not the lender; (b) in respect of which default would not permit (whether upon notice, lapse of time or both) any holder of any other Indebtedness (other than the Loans or the Loan Notes) of the
Borrower to declare a default on such other Indebtedness or cause the payment thereof to be accelerated or payable prior to its stated maturity; and (c) as to which the lenders will not have any recourse to the stock or assets of the Borrower.

 “Non-Regulated Assets” means the operations of the Borrower that are not regulated by a Governmental
Authority (i.e., exploration and production, producer services or retail supply assets of the Borrower). 
  

 11 

 “Notice of Borrowing” means a request by the Borrower for a Loan in the
form of Exhibit 2.2(a). 
 “Notice of Continuation/Conversion” means a request by the Borrower for the
continuation or conversion of a Loan in the form of Exhibit 2.2(c). 
 “Original Credit Agreement” has the
meaning set forth in the preamble hereof. 
 “Other Taxes” has the meaning set forth in Section 4.4(b)
hereof. 
 “PBGC” means the Pension Benefit Guaranty Corporation established under ERISA and any successor
thereto. 
 “Pension Plans” has the meaning set forth in Section 8.8 hereof. 

“Person” means any individual, partnership, joint venture, firm, corporation, limited liability company, association,
trust or other enterprise (whether or not incorporated), or any government or political subdivision or any agency, department or instrumentality thereof. 

“Plan” means any single-employer plan as defined in Section 4001 of ERISA, which is maintained, or at any time
during the five calendar years preceding the date of this Credit Agreement was maintained, for employees of the Borrower, any Subsidiary of the Borrower or any ERISA Affiliate of the Borrower. 

“Preferred Stock” means any Capital Stock issued by the Borrower that is entitled to preference or priority over any
other Capital Stock of the Borrower in respect of the payment of dividends, or distribution of assets upon liquidation, or both. 

“Prime Rate” means the per annum rate of interest established from time to time by Barclays at its principal office in
New York, New York as its Prime Rate. Any change in the interest rate resulting from a change in the Prime Rate shall become effective as of 12:01 a.m. of the Business Day on which each change in the Prime Rate is announced by the Administrative
Agent. The Prime Rate is a reference rate used by the Administrative Agent in determining interest rates on certain loans and is not intended to be the lowest rate of interest charged on any extension of credit to any debtor. 

“Rating” means the rating assigned by Moody’s, S&P or Fitch to the Borrower’s senior, unsecured,
long-term, non-credit enhanced public debt. 
 “Refund” has the meaning set forth in Section 4.4(c)
hereof. 
 “Register” has the meaning set forth in Section 12.3(c). 

“Regulation A, D, T, U or X” means Regulation A, D, T, U or X, respectively, of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor to all or a portion thereof. 
  

 12 

 “Reimbursement Obligation” means the obligation of the Borrower to
reimburse the Issuing Lenders pursuant to Section 5.5 for amounts drawn under Letters of Credit. 
 “Reportable
Event” means a “reportable event” as defined in Section 4043 of ERISA with respect to which the notice requirements to the PBGC have not been waived. 

“Required Lenders” means Lenders whose aggregate Credit Exposure (as hereinafter defined) constitutes more than 50% of
the aggregate Credit Exposure of all Lenders at such time; provided, however, that if any Lender shall be a Defaulting Lender at such time then there shall be excluded from the determination of Required Lenders the aggregate Credit
Exposure of such Lender at such time. For purposes of the preceding sentence, the term “Credit Exposure” as applied to each Lender shall mean (a) at any time prior to the termination of the Commitments, the Commitment
Percentage of such Lender multiplied by the Loan Commitment and (b) at any time after the termination of the Commitments, the sum of (i) the outstanding principal amount of Loans owed to such Lender and (ii) such Lender’s
Commitment Percentage of the L/C Obligations then outstanding. 
 “Responsible Officer” means the chief
executive officer, president, executive vice president, chief operating officer, chief financial officer, principal accounting officer, general counsel, treasurer or assistant treasurer of the Borrower. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw Hill Companies, Inc., or any
successor or assignee of the business of such division in the business of rating securities. 
 “Solvent”
means, with respect to any Person as of a particular date, that on such date (a) the fair saleable value (on a going concern basis) of such Person’s assets exceeds its liabilities, contingent or otherwise, fairly valued, (b) such
Person will be able to pay its debts as they become due, (c) such Person does not have unreasonably small capital with which to satisfy all of its current and reasonably anticipated obligations and (d) such Person does not intend to incur
nor does it reasonably anticipate that it will incur debts beyond its ability to pay as such debts become due. 

“SPV” has the meaning set forth in Section 12.18 hereof. 

“Stated Amount” of each Letter of Credit means, at any time, the maximum amount available to be drawn thereunder (in
each case determined without regard to whether any conditions to drawing could be met). 
 “Subsidiary” means,
as to any Person, (a) any corporation more than 50% of whose stock of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time,
any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person directly or indirectly through Subsidiaries and (b) any partnership, association,
joint venture or other entity in which such Person directly or indirectly through Subsidiaries has more than 50% equity interest at any time. 

“SunTrust” has the meaning set forth in the preamble hereof. 

 

 13 

 “Synthetic Lease” means each arrangement, however described, under which
the obligor accounts for its interest in the property covered thereby under GAAP as lessee of a lease which is not a capital lease under GAAP and accounts for its interest in the property covered thereby for federal income tax purposes as the owner.

 “Synthetic Lease Obligation” means, as to any Person with respect to any Synthetic Lease at any time of
determination, the amount of the liability of such Person in respect of such Synthetic Lease that would (if such lease was required to be classified and accounted for as a capital lease on a balance sheet of such Person in accordance with GAAP) be
required to be capitalized on the balance sheet of such Person at such time. 
 “Taxes” has the meaning set
forth in Section 4.4(a). 
 “Total Funded Debt” means all Funded Debt of the Borrower and its Consolidated
Subsidiaries, on a consolidated basis, as determined in accordance with GAAP. 
 “Trust Preferred Securities”
means the trust preferred securities issued by a subsidiary capital trust established by the Borrower outstanding on the date hereof and reflected as such in the financial statements of Dominion Resources for the fiscal year ended December 31,
2004, and any additional trust preferred securities that are substantially similar thereto, along with the junior subordinated debt obligations of the Borrower, so long as (a) the terms thereof require no repayments or prepayments and no
mandatory redemptions or repurchases, in each case prior to at least 91 days after the later of the termination of the Commitments and the repayment in full of the Loans, Reimbursement Obligations and all other amounts due under this Credit
Agreement, (b) such securities are subordinated and junior in right of payment to all obligations of the Borrower for or in respect of borrowed money and (c) the obligors in respect of such preferred securities and subordinated debt have
the right to defer interest and dividend payments, in each case to substantially the same extent as such currently outstanding preferred securities or on similar terms customary for trust preferred securities and not materially less favorable to the
interests of the Borrower or the Lenders. 
 “Utilization Margin” has the meaning set forth in
Section 3.4(b). 
 “Utilized Commitment” means, for any day from the Closing Date to the Maturity Date, an
amount equal to the sum of (a) the aggregate principal amount of all Loans outstanding on such day to the Borrower and (b) the aggregate L/C Obligations then outstanding. 

“Wholly Owned Subsidiary” means, as to any Person, any other Person all of the Capital Stock of which (other than de
minimis directors’ qualifying shares or local ownership shares required by law) is owned by such Person directly and/or through other Wholly Owned Subsidiaries. 

1.2. Computation of Time Periods; Other Definitional Provisions. 

For purposes of computation of periods of time hereunder, the word “from” means “from and including” and the words
“to” and “until” each mean “to but excluding.” References in this Credit Agreement to “Sections”, “Schedules” and “Exhibits” shall be to Sections, Schedules or Exhibits of or to this Credit
Agreement unless otherwise specified. 
  

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 1.3. Accounting Terms. 

Except as otherwise expressly provided herein, all accounting terms used herein shall be interpreted, and all financial statements and
certificates and reports as to financial matters required to be delivered to the Lenders hereunder shall be prepared, in accordance with GAAP applied on a consistent basis. All calculations made for the purposes of determining compliance with this
Credit Agreement shall (except as otherwise expressly provided herein) be made by application of GAAP applied on a basis consistent with the most recent annual or quarterly financial statements delivered pursuant to Section 8.1 (or, prior to
the delivery of the first financial statements pursuant to Section 8.1, consistent with the financial statements described in Section 6.1(f)); provided, however, if (a) the Borrower shall object to determining such
compliance on such basis at the time of delivery of such financial statements due to any change in GAAP or the rules promulgated with respect thereto or (b) the Administrative Agent or the Required Lenders shall so object in writing within 30
days after delivery of such financial statements, then such calculations shall be made on a basis consistent with the most recent financial statements delivered by the Borrower to the Lenders as to which no such objection shall have been made.

 1.4. Time. 

All references to time herein shall be references to Eastern Standard Time or Eastern Daylight time, as the case may be, unless specified
otherwise. 
 SECTION 2. LOANS 

2.1. Loan Commitment. 

Subject to the terms and conditions set forth herein, each Lender severally agrees to make Loans to the Borrower in Dollars, at any time
and from time to time, during the period from the Closing Date to the earlier of the Maturity Date and the date of termination of the Loan Commitment (each, a “Loan” and collectively, the “Loans”); provided that
(i) the sum of the aggregate amount of Loans outstanding to the Borrower plus the L/C Obligations then outstanding on any day shall not exceed the Loan Commitment and (ii) with respect to each individual Lender, the Lender’s pro rata
share of the sum of outstanding Loans plus the L/C Obligations then outstanding on any day shall not exceed such Lender’s Commitment Percentage of the Loan Commitment. Subject to the terms and conditions of this Credit Agreement, the Borrower
may borrow, repay and reborrow the amount of the Loan Commitment made to it. 
 2.2. Method of Borrowing for Loans.

 (a) Base Rate Loans. By no later than 11:00 a.m. on the date of a request for borrowing (or for the conversion of
Eurodollar Loans to Base Rate Loans), the Borrower shall submit a Notice of Borrowing to the Administrative Agent setting forth (i) the amount requested, (ii) the desire to have such Loans accrue interest at the Base Rate and
(iii) except in the case of conversions of Eurodollar Loans to Base Rate Loans, complying in all respects with Section 6.2 hereof. 
  

 15 

 (b) Eurodollar Loans. By no later than 11:00 a.m. three Business Days prior to the
date of a borrowing (or for the conversion of Base Rate Loans to Eurodollar Loans or the continuation of existing Eurodollar Loans) (the “Notice Date”), the Borrower shall submit a Notice of Borrowing to the Administrative Agent
(x) setting forth (i) the amount requested, (ii) the desire to have such Loans accrue interest at the Adjusted Eurodollar Rate, and (iii) the Interest Period applicable thereto, and (y) except in the case of conversions of
Base Rate Loans to Eurodollar Loans or the continuation of existing Eurodollar Loans, complying in all respects with Section 6.2 hereof. 

(c) Continuation and Conversion. The Borrower shall have the option, on any Business Day, to continue existing Eurodollar Loans
made to it for a subsequent Interest Period, to convert Base Rate Loans made to it into Eurodollar Loans or to convert Eurodollar Loans made to it into Base Rate Loans. By no later than 11:00 a.m. (a) on the date of the requested conversion of
a Eurodollar Loan to a Base Rate Loan or (b) three Business Days prior to the date for a requested continuation of a Eurodollar Loan or conversion of a Base Rate Loan to a Eurodollar Loan, the Borrower shall provide telephonic notice to the
Administrative Agent, followed promptly by a written Notice of Continuation/Conversion, setting forth (i) whether the Borrower wishes to continue or convert such Loans and (ii) if the request is to continue a Eurodollar Loan or convert a
Base Rate Loan to a Eurodollar Loan, the Interest Period applicable thereto. Notwithstanding anything herein to the contrary, (i) except as provided in Section 4.1 hereof, Eurodollar Loans may be converted to Base Rate Loans only on the
last day of an Interest Period applicable thereto; (ii) Eurodollar Loans may be continued and Base Rate Loans may be converted to Eurodollar Loans only if no Default or Event of Default is in existence on the date of such extension or
conversion; (iii) any continuation or conversion must comply with Sections 2.2(a) or 2.2(b) hereof, as applicable; and (iv) failure by the Borrower to properly continue Eurodollar Loans at the end of an Interest Period shall be deemed a
conversion to Base Rate Loans. 
 2.3. Funding of Loans. 

Upon receipt of a Notice of Borrowing, the Administrative Agent shall promptly inform the Lenders as to the terms thereof. Each Lender
will make its pro rata share of the Loans available to the Administrative Agent by 2:00 p.m. on the date specified in the Notice of Borrowing by deposit (in Dollars) of immediately available funds at the offices of the Administrative Agent at its
principal office in New York, New York, or at such other address as the Administrative Agent may designate in writing. All Loans shall be made by the Lenders pro rata on the basis of each Lender’s Commitment Percentage. 

No Lender shall be responsible for the failure or delay by any other Lender in its obligation to make Loans hereunder; provided,
however, that the failure of any Lender to fulfill its obligations hereunder shall not relieve any other Lender of its obligations hereunder. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any such
Loan that such Lender does not intend to make available to the Administrative Agent its portion of the Loans to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on
the date of such Loans, and the Administrative Agent in reliance upon such assumption, may (in its sole discretion without any obligation to do so) make available to the Borrower a corresponding amount. If such

  

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corresponding amount is not in fact made available to the Administrative Agent, the Administrative Agent shall be able to recover such corresponding amount from such Lender. If such Lender does
not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent will promptly notify the Borrower and the Borrower shall immediately pay such corresponding amount to the Administrative
Agent. The Administrative Agent shall also be entitled to recover from the Lender or the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the
Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent at a per annum rate equal to (a) the applicable rate for such Loan pursuant to the Notice of Borrowing, if recovered from the
Borrower and (b) the Federal Funds Rate, if recovered from a Lender. 
 2.4. Minimum Amounts of Loans. 

Each request for Loans shall be, in the case of Eurodollar Loans, in an aggregate principal amount that is not less than the lesser of
$10,000,000 or the remaining amount available to be borrowed and in the case of Base Rate Loans, in an aggregate principal amount that is not less than the lesser of $5,000,000 or the remaining amount available to be borrowed. Any Loan requested
shall be in an integral multiple of $1,000,000 unless the request is for all of the remaining amount available to be borrowed. 

2.5. Reductions and Increases of Loan Commitment. 

(a) Upon at least three Business Days’ notice, the Borrower shall have the right to permanently terminate or reduce the aggregate
unused amount of the Loan Commitment available to it at any time or from time to time; provided that (i) each partial reduction shall be in an aggregate amount at least equal to $10,000,000 and in integral multiples of $1,000,000 above
such amount and (ii) no reduction shall be made which would reduce the Loan Commitment to an amount less than the sum of the then outstanding Loans plus the then outstanding L/C Obligations. Any reduction in (or termination of) the Loan
Commitment shall be permanent and may not be reinstated. 
 (b) At any time and from time to time prior to the Maturity Date,
the Borrower may, by written notice to the Administrative Agent (which the Administrative Agent shall promptly furnish to each Lender), request that one or more Persons (which may include the Lenders, as provided below) offer to increase their
respective Commitments (if they are Lenders) or make an additional Commitment (if they are not already Lenders) (such increased and/or additional Commitments being, an “Increase”) under this paragraph (b), it being understood that
(i) if such offer is to be made by a Person that is not already a Lender, the Administrative Agent shall have consented to such Person being a Lender hereunder to the extent such consent would be required pursuant to Section 12.3(b) in the
event of an assignment to such Person (such consent not to be unreasonably withheld), and (ii) the Issuing Lenders shall have consented to such Person increasing or making such Commitment, which consent may be withheld in the sole discretion of
the Issuing Lender. The minimum aggregate amount of any Increase shall be $50,000,000. In no event shall the aggregate amount of all Increases pursuant to this paragraph (b) exceed $500,000,000. Subject to the terms of this paragraph (b), the
Borrower may arrange for one or more eligible banks or other financial institutions, which may include any Lender, to 

 

 17 

 
extend applicable Commitments or increase their existing applicable Commitments in an aggregate amount equal to the proposed Increase. In the event that one or more of such Persons elects in its
sole discretion to offer to increase or enter into such Commitments, and such Persons, the Borrower and the Administrative Agent agree as to the amount of such Commitments to be allocated to the respective Persons making such offers and the fees (if
any) to be payable by the Borrower in connection therewith, the Borrower, such Persons, the Administrative Agent and the Issuing Lenders shall execute and deliver an appropriate amendment to this Credit Agreement, which amendment shall specify,
among other things, the procedures for reallocating any outstanding Loans and L/C Obligations and the Issuing Lenders’ respective shares of any concurrent increase in the L/C Commitment. 

(c) Notwithstanding the foregoing, no increase in the Commitments (or in the Commitment of any Lender) or addition of a new Lender shall
become effective under this Section unless, (i) on the date of such increase, the conditions set forth in paragraphs (b) and (c) of Section 6.2 shall be satisfied and the Administrative Agent shall have received a certificate to
that effect dated such date and executed by the chief financial officer, treasurer or assistant treasurer of the Borrower, and (ii) the Administrative Agent shall have received (with sufficient copies for each of the Lenders) documents
consistent with those delivered on the Effective Date under clauses (b) and (e) of Section 6.1 as to the corporate power and authority of the Borrower to borrow hereunder after giving effect to such Increase. 

2.6. Loan Notes. 

(a) The Loans made by any Lender shall be evidenced, upon request by such Lender, by a promissory note of the Borrower payable to such
Lender in substantially the form of Exhibit 2.6(a) hereto (a “Loan Note”) and in a principal amount equal to the amount of such Lender’s Commitment Percentage of the Loan Commitment as in effect as of the date such Lender
becomes a party to this Credit Agreement. 
 (b) The date, amount, type, interest rate and duration of Interest Period (if
applicable) of each Loan made by each Lender to the Borrower, and each payment made on account of the principal thereof, shall be recorded by such Lender on its books; provided that the failure of such Lender to make any such recordation or
endorsement shall not affect the obligations of the Borrower to make a payment when due of any amount owing hereunder or under any Loan Note, and each such recordation or endorsement shall be conclusive and binding absent manifest error. 

2.7. Extension of Maturity Date. 

(a) Extension Request. The Borrower may request, no more than once during the term of this Agreement, a one-year extension of the
Maturity Date by submitting a written request for an extension to the Administrative Agent (an “Extension Request”) no earlier than 90 days but not later than 60 days prior to any anniversary of the Closing Date (such anniversary
being an “Anniversary Date”). Promptly upon receipt of an Extension Request, the Administrative Agent shall notify each Lender thereof and shall request each Lender to approve the Extension Request. Each Lender approving the
Extension Request shall deliver its written consent no earlier than 30 days but no later than 20 days prior to such Anniversary Date (it being 

 

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understood and agreed that such consent may be given or withheld in such Lender’s sole and absolute discretion). If any Lender shall fail to notify the Administrative Agent in writing of its
consent to any such request for extension of the Maturity Date by the 20th day prior to such Anniversary Date, such Lender shall be deemed to be a Non-Consenting Lender (as defined below) with respect to such request. The election of any Lender to
agree to an Extension Request shall not obligate any other Lender to so agree. The Administrative Agent shall deliver to the Borrower written notification of the Lenders’ decisions no later than 15 days prior to such Anniversary Date.

 (b) Extension. If all of the Lenders consent in writing to any such request in accordance with Section 2.7(a),
the Maturity Date in effect at such time shall, effective as at such next Anniversary Date (the “Extension Date”), be extended for one calendar year; provided that no such extension shall become effective under this sentence unless,
(i) on the applicable Extension Date, the conditions set forth in Sections 6.2(b) and (c) shall be satisfied (or waived by Lenders holding more than 50% of the Loan Commitment) and the Administrative Agent shall have received a certificate
to that effect dated such date and executed by the chief financial officer or treasurer of the Borrower and (ii) the Administrative Agent shall have received documents consistent with those delivered on the Effective Date as to the corporate
power and authority of the Borrower to borrow hereunder after giving effect to such extension. If Lenders holding more than 50% of the Loan Commitment, but less than all of the Lenders, consent in writing to any such request in accordance with
Section 2.7(a), unless the Borrower shall deliver written notice to the Administrative Agent terminating such requested extension not less than ten Business Days prior to the proposed Extension Date (it being understood and agreed that any
Extension Request issued in connection with any such terminated extension shall constitute an Extension Request for purposes of determining the then remaining available number of Extension Requests under Section 2.7(a)), the Maturity Date in
effect at such time shall, effective as at the applicable Extension Date, be extended as to those Lenders that so consented (each a “Consenting Lender”) but shall not be extended as to any other Lender (each a
“Non-Consenting Lender”). To the extent that the Maturity Date is not extended as to any Lender pursuant to this Section 2.7 and the Commitment of such Lender is not assumed in accordance with Section 2.7(c) on or prior to
the applicable Extension Date, the Commitment of such Non-Consenting Lender shall automatically terminate in whole on such unextended Maturity Date without any further notice or other action by the Borrower, such Lender or any other Person and the
Borrower shall pay all Loans, together with accrued but unpaid interest thereon, and all other amounts owing under this Credit Agreement to such Non-Consenting Lender on such unextended Maturity Date; provided that such Non-Consenting Lender shall
continue to be entitled to the benefits of, and subject to, those provisions of this Credit Agreement and the other Credit Documents which survive payment of the Loans, Reimbursement Obligations and other obligations of the Borrower hereunder and
termination of the applicable agreement. It is understood and agreed that no Lender shall have any obligation whatsoever to agree to any request made by the Borrower for any requested extension of the Maturity Date. 

(c) Assuming Lenders. If less than all of the Lenders consent to any such request pursuant to Section 2.7(a), the Borrower
may arrange for one or more Persons (who may be Consenting Lenders) acceptable to the Administrative Agent and the Issuing Banks (each an “Assuming Lender”) (x) to assume, effective as of the Extension Date or such other date
as may be agreed among the Borrower, the Non-Consenting Lender, such Assuming Lender and the 
  

 19 

 
Administrative Agent, any Non-Consenting Lender’s Commitment and all of the obligations of such Non-Consenting Lender under this Credit Agreement thereafter arising, without recourse to or
warranty by, or expense to, such Non-Consenting Lender and (y) to accept, effective as of the Extension Date or such later date as any Assuming Lender executes and delivers an assignment agreement in substantially the form of Exhibit 12.3 (an
“Assumption Agreement”), the Maturity Date applicable to Consenting Lenders; provided, however, that the amount of the Commitment of any such Assuming Lender as a result of such substitution shall in no event be less than $5,000,000
unless the amount of the Commitment of such Non-Consenting Lender is less than $5,000,000, in which case such Assuming Lender shall assume all of such lesser amount; and provided further that: 

 

	 	(i)	any such Assuming Lender shall have paid to such Non-Consenting Lender (A) the aggregate principal amount of, and any interest accrued and unpaid to the effective
date of the assignment on, the outstanding Loans, if any, owing to such Non-Consenting Lender plus (B) any accrued but unpaid commitment fees owing to such Non-Consenting Lender as of the effective date of such assignment;

  

	 	(ii)	all additional accrued and unpaid cost reimbursements, expense reimbursements and indemnities payable to such Non-Consenting Lender, and all other accrued and unpaid
amounts owing to such Non-Consenting Lender hereunder, as of the effective date of such assignment shall have been paid to such Non-Consenting Lender; and 

  

	 	(iii)	with respect to any such Assuming Lender, the applicable processing and recordation fee required under Section 12.3(b)(vi) for such assignment shall have been
paid; 

 provided further that such Non-Consenting Lender shall continue to be entitled to the benefits of, and subject to, those
provisions of this Credit Agreement and the other Credit Documents which survive payment of the Loans, Reimbursement Obligations and other obligations of the Borrower hereunder and termination of the applicable agreement. At least three Business
Days prior to any Extension Date, (A) each such Assuming Lender, if any, shall have delivered to the Borrower and the Administrative Agent an Assumption Agreement, duly executed by such Assuming Lender, such Non-Consenting Lender, the Borrower
and the Administrative Agent, (B) any such Consenting Lender shall have delivered confirmation in writing satisfactory to the Borrower and the Administrative Agent (acting reasonably) as to the increase in the amount of its Commitment and
(C) each Non-Consenting Lender being replaced pursuant to this Section 2.7 shall have delivered to the Administrative Agent any Loan Note held by such Non-Consenting Lender. Upon the payment of all amounts referred to in clauses (i),
(ii) and (iii) of this Section 2.7(c), each such Assuming Lender, as of the Extension Date, will be substituted for such Non-Consenting Lender under this Credit Agreement and shall be a Lender for all purposes of this Credit
Agreement, without any further acknowledgment by or the consent of the other Lenders, and the obligations of each such Non-Consenting Lender hereunder arising after the Extension Date shall, by the provisions hereof, be released and discharged.

  

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 (d) Consent of Majority of Existing Lenders. If Lenders holding more than 50% of the
Loan Commitment (after giving effect to any assignments pursuant to Section 2.7(c)) consent in a writing delivered to the Administrative Agent to a requested extension (whether by execution or delivery of an Assumption Agreement or otherwise)
not later than one Business Day prior to such Extension Date, the Administrative Agent shall so notify the Borrower, and, so long as (i) on the Extension Date, the conditions set forth in Sections 6.2(b) and (c) shall be satisfied or
waived by Lenders holding more than 50% of the Loan Commitment (after giving effect to any assignments pursuant to Section 2.7(c)) and the Administrative Agent shall have received a certificate to that effect dated such date and executed by the
chief financial officer or treasurer of the Borrower and (ii) the Administrative Agent shall have received documents consistent with those delivered on the Effective Date as to the corporate power and authority of the Borrower to borrow
hereunder after giving effect to such extension, the Maturity Date then in effect shall be extended for the additional one-year period as described in Section 2.7(b), and all references in this Credit Agreement, and in any Loan Notes to the
“Maturity Date” shall, with respect to each Consenting Lender and each Assuming Lender for such Extension Date, refer to the Maturity Date as so extended. Promptly following each Extension Date, the Administrative Agent shall notify the
Lenders (including, without limitation, each Assuming Lender) of the extension of the scheduled Maturity Date in effect immediately prior thereto and shall thereupon record in the Register the relevant information with respect to each such
Consenting Lender and each such Assuming Lender. 
 SECTION 3. PAYMENTS 

3.1. Interest. 

(a) Interest Rate. 
  

	 	(i)	All Base Rate Loans shall accrue interest at the Adjusted Base Rate. 

  

	 	(ii)	All Eurodollar Loans shall accrue interest at the Adjusted Eurodollar Rate. 

(b) Default Rate of Interest. Upon the occurrence, and during the continuance, of an Event of Default, the principal of and, to
the extent permitted by law, interest on the Loans, Reimbursement Obligations and any other amounts owing by the Borrower hereunder or under the other Credit Documents shall bear interest, payable on demand, at a per annum rate equal to 2% plus the
rate which would otherwise be applicable (or if no rate is applicable, then the Adjusted Base Rate plus 2% per annum). 

(c) Interest Payments. Interest on Loans shall be due and payable in arrears on each Interest Payment Date. 

3.2. Prepayments. 

(a) Voluntary Prepayments. The Borrower shall have the right to prepay Loans made to it in whole or in part from time to time
without premium or penalty; provided, 
  

 21 

 
however, that (i) Eurodollar Loans may only be prepaid on three Business Days’ prior written notice to the Administrative Agent and any prepayment of Eurodollar Loans will be
subject to Section 4.3 hereof, (ii) each such partial prepayment of Loans shall be in the minimum principal amount of $10,000,000 and (iii) all prepayments shall be accompanied by all accrued and unpaid interest on the principal
prepaid. Amounts prepaid hereunder shall be applied as the Borrower may elect; provided that if the Borrower fails to specify the application of a voluntary prepayment then such prepayment shall be applied in each case first to Base Rate
Loans and then to Eurodollar Loans in direct order of Interest Period maturities. 
 (b) Mandatory Prepayments. If at any
time the amount of Loans outstanding plus the L/C Obligations then outstanding exceeds the Loan Commitment, the Borrower shall immediately make a principal payment to the Administrative Agent in the manner and in an amount necessary to be in
compliance with Section 2.1 hereof. Any payments made under this Section 3.2(b) shall be subject to Section 4.3 hereof and shall be applied first, to Base Rate Loans, and second, to Eurodollar Loans in direct order of Interest Period
maturities; provided, that if the aggregate principal amount of Loans then outstanding is less than the amount of such excess (because L/C Obligations constitute a portion thereof), the Borrower shall, to the extent of the balance of such
excess, replace outstanding Letters of Credit and/or deposit an amount in cash in a cash collateral account established with the Administrative Agent for the benefit of the Lenders on terms and conditions satisfactory to the Administrative Agent.
All prepayments shall be accompanied by all accrued and unpaid interest on the principal prepaid. 
 3.3. Payment in Full at
Maturity. 
 On the Maturity Date, the entire outstanding principal balance of all Loans, together with accrued but unpaid
interest and all other sums owing under this Credit Agreement, shall be due and payable in full, unless accelerated sooner pursuant to Section 10 hereof. 

3.4. Fees and Utilization Margin. 

(a) Commitment Fees. 

(i) In consideration of the Loan Commitment being made available by the Lenders hereunder, the Borrower agrees to pay to
the Administrative Agent, for the pro rata benefit of each Lender, a commitment fee for each day that will accrue on the unutilized Loan Commitment (i.e., the amount of the Loan Commitment less the outstanding aggregate principal
amount of Loans and L/C Obligations) on such day according to the per annum percentages set forth under the heading “Applicable Commitment Fee” in the table included in the definition of “Applicable Percentage” (the
“Commitment Fee”). 
 (ii) The accrued Commitment Fees shall be due and payable in arrears on
the first Business Day of each January, April, July and October (as well as on the Maturity Date and on any date that the Loan Commitment is reduced) for the immediately preceding fiscal quarter (or portion thereof), beginning with the first of such
dates to occur after the Closing Date. 
  

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 (b) Utilization Margin. 

(i) If on any day the sum of the aggregate outstanding principal amount of all Loans plus the L/C Obligations then
outstanding exceeds the product of (A) one-half (1/2) times (B) the Loan Commitment (or if all of the Commitments shall have been terminated, the Loan Commitment in effect immediately prior to such termination), the Applicable
Percentage otherwise applicable to the Loans shall be increased by a per annum percentage set forth under the heading “Applicable Percentage for Utilization Margin” in the table included in the definition of “Applicable
Percentage” (the “Utilization Margin”). 
 (ii) The accrued Utilization Margin shall be due
and payable on each Interest Payment Date (as well as on any date that the Loan Commitment is reduced), beginning with the first of such dates to occur after the Closing Date. 

(c) Administrative Fees. The Borrower agrees to pay to the Administrative Agent an annual fee as agreed to between the Borrower
and the Administrative Agent. 
 (d) Fees Under Original Credit Agreement. On the Closing Date, the Borrower shall pay to
the Administrative Agent, for the ratable account of the lenders then party to the Original Credit Agreement, the accrued and unpaid “Commitment Fees” (as such term is defined in the Original Credit Agreement before giving effect to this
Credit Agreement) under the Original Credit Agreement to but not including the Closing Date. 
 3.5. Place and Manner of
Payments. 
 All payments of principal, interest, fees, expenses and other amounts to be made by the Borrower under this
Credit Agreement shall be received not later than 2:00 p.m. on the date when due in Dollars and in immediately available funds, without setoff, deduction, counterclaim or withholding of any kind, by the Administrative Agent at its offices in New
York, New York, except payments to be made directly to an Issuing Lender as provided herein. The Borrower shall, at the time it makes any payment under this Credit Agreement, specify to the Administrative Agent, the Loans, fees or other amounts
payable by the Borrower hereunder to which such payment is to be applied (and in the event that it fails to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent, shall distribute such payment to the
Lenders in such manner as it reasonably determines in its sole discretion). 
 3.6. Pro Rata Treatment. 

Except to the extent otherwise provided herein, all Loans, each payment or prepayment of principal of any Loan, each payment of interest
on the Loans, each payment of Commitment Fees and Letter of Credit Fees, each reduction of the Loan Commitment, each payment to Lenders in respect of their participations in L/C Obligations and each conversion or continuation of any Loans, shall be
allocated pro rata among the Lenders in accordance with the respective Commitment Percentages. 
  

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 3.7. Computations of Interest and Fees. 

(a) Except for Base Rate Loans, on which interest shall be computed on the basis of a 365 or 366 day year as the case may be, all
computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. 

(b) It is the intent of the Lenders and the Borrower to conform to and contract in strict compliance with applicable usury law from time
to time in effect. All agreements between the Lenders and the Borrower are hereby limited by the provisions of this paragraph which shall override and control all such agreements, whether now existing or hereafter arising and whether written or
oral. In no way, nor in any event or contingency (including but not limited to prepayment or acceleration of the maturity of any obligation), shall the interest taken, reserved, contracted for, charged, or received under this Credit Agreement, under
the Loan Notes or otherwise, exceed the maximum non-usurious amount permissible under applicable law. If, from any possible construction of any of the Credit Documents or any other document, interest would otherwise be payable in excess of the
maximum non-usurious amount, any such construction shall be subject to the provisions of this paragraph and such documents shall be automatically reduced to the maximum non-usurious amount permitted under applicable law, without the necessity of
execution of any amendment or new document. If any Lender shall ever receive anything of value which is characterized as interest on the Loans under applicable law and which would, apart from this provision, be in excess of the maximum lawful
amount, an amount equal to the amount which would have been excessive interest shall, without penalty, be applied to the reduction of the principal amount owing on the Loans and not to the payment of interest, or refunded to the Borrower or the
other payor thereof if and to the extent such amount which would have been excessive exceeds such unpaid principal amount of the Loans. The right to demand payment of the Loans or any other indebtedness evidenced by any of the Credit Documents does
not include the right to receive any interest which has not otherwise accrued on the date of such demand, and the Lenders do not intend to charge or receive any unearned interest in the event of such demand. All interest paid or agreed to be paid to
the Lenders with respect to the Loans shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term (including any renewal or extension) of the Loans so that the amount of interest on
account of such indebtedness does not exceed the maximum non-usurious amount permitted by applicable law. 
 3.8. Sharing of
Payments. 
 Each Lender agrees that, in the event that any Lender shall obtain payment in respect of any Loan or L/C
Obligation owing to such Lender under this Credit Agreement through the exercise of a right of set-off, banker’s lien, counterclaim or otherwise (including, but not limited to, pursuant to the Bankruptcy Code) in excess of its pro rata share as
provided for in this Credit Agreement (other than any such payment made to a Non-Consenting Lender pursuant to Section 2.7(b) or (c)), such Lender shall promptly purchase from the other Lenders a participation in such Loans, in such amounts and
with such other adjustments from time to time, as shall be equitable in order that all Lenders share such payment in accordance with their respective ratable shares as provided for in this Credit Agreement. Each Lender further agrees that if a
payment to a Lender (which is obtained by such Lender through the exercise of a right of set-off, banker’s lien, counterclaim or otherwise) shall be rescinded or must otherwise be 

 

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restored, each Lender which shall have shared the benefit of such payment shall, by repurchase of a participation theretofore sold, return its share of that benefit to each Lender whose payment
shall have been rescinded or otherwise restored. The Borrower agrees that any Lender so purchasing such a participation in Loans made to the Borrower may, to the fullest extent permitted by law, exercise all rights of payment, including set-off,
banker’s lien or counterclaim, with respect to such participation as fully as if such Lender were a holder of such Loan or other obligation in the amount of such participation. Except as otherwise expressly provided in this Credit Agreement, if
any Lender shall fail to remit to the Administrative Agent or any other Lender an amount payable by such Lender to the Administrative Agent or such other Lender pursuant to this Credit Agreement on the date when such amount is due, such payments
shall accrue interest thereon, for each day from the date such amount is due until the day such amount is paid to the Administrative Agent or such other Lender, at a rate per annum equal to the Federal Funds Rate. 

3.9. Evidence of Debt. 

(a) Each Lender shall maintain an account or accounts evidencing each Loan made by such Lender from time to time, including the amounts of
principal and interest payable and paid to such Lender by or for the account of the Borrower from time to time under this Credit Agreement. Each Lender will make reasonable efforts to maintain the accuracy of its account or accounts and to promptly
update its account or accounts from time to time, as necessary. 
 (b) The Administrative Agent shall maintain the Register
pursuant to Section 12.3(c), and a subaccount for each Lender, in which Register and subaccounts (taken together) shall be recorded (i) the amount, type and Interest Period of each such Loan hereunder, (ii) the amount of any principal
or interest due and payable or to become due and payable to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from or for the account of the Borrower and each Lender’s share thereof. The
Administrative Agent will make reasonable efforts to maintain the accuracy of the subaccounts referred to in the preceding sentence and to promptly update such subaccounts from time to time, as necessary. 

(c) The entries made in the accounts, Register and subaccounts maintained pursuant to subsection (b) of this Section 3.9 (and,
if consistent with the entries of the Administrative Agent, subsection (a)) shall be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided, however, that the failure of any Lender or the
Administrative Agent to maintain any such account, the Register or such subaccounts, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay the Loans made by such Lender to the Borrower in
accordance with the terms hereof. 
  

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 SECTION 4. ADDITIONAL PROVISIONS REGARDING LOANS 

4.1. Eurodollar Loan Provisions. 

(a) Unavailability. In the event that the Administrative Agent shall have determined in good faith (i) that Dollar deposits in
the principal amounts requested with respect to a Eurodollar Loan are not generally available in the London interbank Eurodollar market or (ii) that reasonable means do not exist for ascertaining the Eurodollar Rate, the Administrative Agent
shall, as soon as practicable thereafter, give notice of such determination to the Borrower and the Lenders. In the event of any such determination under clauses (i) or (ii) above, until the Administrative Agent shall have advised the
Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (A) any request by the Borrower for Eurodollar Loans shall be deemed to be a request for Base Rate Loans, and (B) any request by the Borrower for
conversion into or continuation of Eurodollar Loans shall be deemed to be a request for conversion into or continuation of Base Rate Loans. 

(b) Change in Legality. 

(i) Notwithstanding any other provision herein, if any change in any law or regulation or in the interpretation thereof by
any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Lender to make or maintain any Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any
Eurodollar Loan, then, by written notice to the Borrower and to the Administrative Agent, such Lender may: 

(A) declare that Eurodollar Loans, and conversions to or continuations of Eurodollar Loans, will not thereafter be made
by such Lender to the Borrower hereunder, whereupon any request by the Borrower for, or for conversion into or continuation of, Eurodollar Loans shall, as to such Lender only, be deemed a request for, or for conversion into or continuation of, Base
Rate Loans, unless such declaration shall be subsequently withdrawn; and 
 (B) require that all outstanding
Eurodollar Loans made by it to the Borrower be converted to Base Rate Loans in which event all such Eurodollar Loans shall be automatically converted to Base Rate Loans. 

(ii) In the event any Lender shall exercise its rights under clause (A) or (B) above, all payments and
prepayments of principal which would otherwise have been applied to repay the Eurodollar Loans that would have been made by such Lender to the Borrower or the converted Eurodollar Loans of such Lender to the Borrower shall instead be applied to
repay the Base Rate Loans made by such Lender to the Borrower in lieu of, or resulting from the conversion of, such Eurodollar Loans. 

(c) Increased Costs. If at any time a Lender shall incur increased costs or reductions in the amounts received or receivable
hereunder with respect to the making, the commitment to make or the maintaining of any Eurodollar Loan because of (i) any change since 

 

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the date of this Credit Agreement in any applicable law, governmental rule, regulation, guideline or order (or in the interpretation or administration thereof and including the introduction of
any new law or governmental rule, regulation, guideline or such order) including, without limitation, the imposition, modification or deemed applicability of any reserves, deposits or similar requirements (such as, for example, but not limited to, a
change in official reserve requirements, but, in all events, excluding reserves required under Regulation D to the extent included in the computation of the Adjusted Eurodollar Rate) or (ii) other circumstances affecting the London interbank
Eurodollar market; then the Borrower shall pay to such Lender promptly upon written demand therefor, such additional amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender may
determine in its sole discretion) as may be required to compensate such Lender for such increased costs or reductions in amounts receivable hereunder. 

Each determination and calculation made by a Lender under this Section 4.1 shall, absent manifest error, be binding and conclusive
on the parties hereto. 
 4.2. Capital Adequacy. 

If, after the date hereof, any Lender has determined that the adoption or effectiveness of any applicable law, rule or regulation
regarding capital adequacy, or any change therein, or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or
compliance by such Lender (or its parent corporation) with any request or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect of
reducing the rate of return on such Lender’s (or parent corporation’s) capital or assets as a consequence of its commitments or obligations hereunder to the Borrower to a level below that which such Lender (or its parent corporation) could
have achieved but for such adoption, effectiveness, change or compliance (taking into consideration such Lender’s (or parent corporation’s) policies with respect to capital adequacy), then, upon notice from such Lender, the Borrower shall
pay to such Lender such additional amount or amounts as will compensate such Lender (or its parent corporation) for such reduction. Each determination by any such Lender of amounts owing under this Section 4.2 shall, absent manifest error, be
conclusive and binding on the parties hereto. 
 4.3. Compensation. 

The Borrower shall compensate each Lender, upon its written request, for all reasonable losses, expenses and liabilities (including,
without limitation, any loss, expense or liability incurred by reason of the liquidation or reemployment of deposits or other funds required by the Lender to fund its Eurodollar Loans to the Borrower) which such Lender may sustain: 

(a) if for any reason (other than a default by such Lender or the Administrative Agent) a borrowing of Eurodollar Loans does not occur on
a date specified therefor in a Notice of Borrowing; 
  

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 (b) if any repayment, continuation or conversion of any Eurodollar Loan by the Borrower
occurs on a date which is not the last day of an Interest Period applicable thereto, including, without limitation, in connection with any demand, acceleration, mandatory prepayment or otherwise (including any demand under this Section 4); or

 (c) if the Borrower fails to repay its Eurodollar Loans when required by the terms of this Credit Agreement. 

Calculation of all amounts payable to a Lender under this Section 4.3 shall be made as though the Lender has actually funded its
Eurodollar Loan through the purchase of a Eurodollar deposit bearing interest at the Eurodollar Rate in an amount equal to the amount of that Loan, having a maturity comparable to the relevant Interest Period and through the transfer of such
Eurodollar deposit from an offshore office of that Lender to a domestic office of that Lender in the United States of America; provided, however, that each Lender may fund each of its Eurodollar Loans in any manner it sees fit and the
foregoing assumption shall be utilized only for the calculation of amounts payable under this Section 4.3. 
 4.4.
Taxes. 
 (a) Tax Liabilities Imposed on a Lender. Any and all payments by the Borrower hereunder or under any of
the Credit Documents shall be made, in accordance with the terms hereof and thereof, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with
respect thereto, excluding taxes measured by net income and franchise taxes imposed on any Lender by the jurisdiction under the laws of which such Lender is organized or transacting business or any political subdivision thereof (all such
non-excluded taxes, being hereinafter referred to as “Taxes”). If the Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder to any Lender, (i) the sum payable shall be increased
as may be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 4.4) such Lender receives an amount equal to the sum it would have received had no such deductions
been made, (ii) the Borrower shall make such deductions, (iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law, and (iv) the Borrower shall deliver to such
Lender evidence of such payment to the relevant Governmental Authority. 
 (b) Other Taxes. In addition, the Borrower
agrees to pay, upon notice from a Lender and prior to the date when penalties attach thereto, all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies of the United States or any state or
political subdivision thereof or any applicable foreign jurisdiction that arise from any payment made hereunder by the Borrower or from the execution, delivery or registration of, or otherwise from the Borrower’s participation with respect to,
this Credit Agreement (collectively, the “Other Taxes”). 
 (c) Refunds. If a Lender or the
Administrative Agent (as the case may be) shall become aware that it is entitled to claim a refund (or a refund in the form of a credit) (each, a “Refund”) from a Governmental Authority (as a result of any error in the amount of
Taxes or Other Taxes paid to such Governmental Authority or otherwise) of Taxes or Other Taxes which 
  

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the Borrower has paid, or with respect to which the Borrower has paid additional amounts, pursuant to this Section 4.4, it shall promptly notify the Borrower of the availability of such
Refund and shall, within 30 days after receipt of written notice by the Borrower, make a claim to such Governmental Authority for such Refund at the Borrower’s expense if, in the judgment of such Lender or the Administrative Agent (as the case
may be), the making of such claim will not be otherwise disadvantageous to it; provided that nothing in this subsection (c) shall be construed to require any Lender or the Administrative Agent to institute any administrative proceeding
(other than the filing of a claim for any such Refund) or judicial proceeding to obtain such Refund. 
 If a Lender or the
Administrative Agent (as the case may be) receives a Refund from a Governmental Authority (as a result of any error in the amount of Taxes or Other Taxes paid to such Governmental Authority or otherwise) of any Taxes or Other Taxes which have been
paid by the Borrower, or with respect to which the Borrower has paid additional amounts pursuant to this Section 4.4, it shall promptly pay to the Borrower the amount so received (but only to the extent of payments made, or additional amounts
paid, by the Borrower under this Section 4.4 with respect to Taxes or Other Taxes giving rise to such Refund), net of all reasonable out-of-pocket expenses (including the net amount of taxes, if any, imposed on such Lender or the Administrative
Agent with respect to such Refund) of such Lender or Administrative Agent, and without interest (other than interest paid by the relevant Governmental Authority with respect to such Refund); provided, however, that the Borrower, upon
the request of Lender or the Administrative Agent, agrees to repay the amount paid over to the Borrower (plus penalties, interest or other charges) to such Lender or the Administrative Agent in the event such Lender or the Administrative Agent is
required to repay such Refund to such Governmental Authority. Nothing contained in this Section 4.4(c) shall require any Lender or the Administrative Agent to make available any of its tax returns (or any other information that it deems to be
confidential or proprietary). 
 (d) Foreign Lender. Each Lender (which, for purposes of this Section 4.4, shall
include any Affiliate of a Lender that makes any Eurodollar Loan pursuant to the terms of this Credit Agreement) that is not a “United States person” (as such term is defined in Section 7701(a)(30) of the Code) shall submit to the
Borrower and the Administrative Agent on or before the Closing Date (or, in the case of a Person that becomes a Lender after the Closing Date by assignment, promptly upon such assignment), two duly completed and signed copies of (A) either
(1) Form W-8BEN, or any applicable successor form, of the United States Internal Revenue Service entitling such Lender to a complete exemption from withholding on all amounts to be received by such Lender pursuant to this Credit Agreement
and/or the Loan Notes or (2) Form W-8ECI, or any applicable successor form, of the United States Internal Revenue Service relating to all amounts to be received by such Lender pursuant to this Credit Agreement and/or the Loan Notes and, if
applicable, (B) an Internal Revenue Service Form W-8BEN or W-9 entitling such Lender to receive a complete exemption from United States backup withholding tax. Each such Lender shall, from time to time after submitting either such form, submit
to the Borrower and the Administrative Agent such additional duly completed and signed copies of such forms (or such successor forms or other documents as shall be adopted from time to time by the relevant United States taxing authorities) as may be
(1) reasonably requested in writing by the Borrower or the Administrative Agent and (2) appropriate under then current United States laws or regulations. Upon the reasonable request of the Borrower or the Administrative Agent,

  

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each Lender that has not provided the forms or other documents, as provided above, on the basis of being a United States person shall submit to the Borrower and the Administrative Agent a
certificate to the effect that it is such a “United States person.” 
 4.5. Mitigation; Mandatory Assignment.

 The Administrative Agent and each Lender shall use reasonable efforts to avoid or mitigate any increased cost or suspension of
the availability of an interest rate under Sections 4.1 through 4.4 above to the greatest extent practicable (including transferring the Loans to another lending office or Affiliate of a Lender) unless, in the opinion of the Administrative Agent or
such Lender, such efforts would be likely to have an adverse effect upon it. In the event a Lender makes a request to the Borrower for additional payments in accordance with Section 4.1, 4.2 or 4.4, then, provided that no Default or Event of
Default has occurred and is continuing at such time, the Borrower may, at its own expense (such expense to include any transfer fee payable to the Administrative Agent under Section 12.3(b) and any expense pursuant to Section 4 hereof) and
in its sole discretion, require such Lender to transfer and assign in whole (but not in part), without recourse (in accordance with and subject to the terms and conditions of Section 12.3(b)), all of its interests, rights and obligations under
this Credit Agreement to an Eligible Assignee which shall assume such assigned obligations (which Eligible Assignee may be another Lender, if a Lender accepts such assignment); provided that (a) such assignment shall not conflict with
any law, rule or regulation or order of any court or other Governmental Authority and (b) the Borrower or such Eligible Assignee shall have paid to the assigning Lender in immediately available funds the principal of and interest accrued to the
date of such payment on the portion of the Loans hereunder held by such assigning Lender and all other amounts owed to such assigning Lender hereunder, including amounts owed pursuant to Sections 4.1 through 4.4 hereof. 

SECTION 5. LETTERS OF CREDIT 

5.1. L/C Commitment. 

(a) Subject to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other
Lenders set forth in Section 5.4, agrees to issue letters of credit (each a “Letter of Credit”) for the account of the Borrower on any Business Day from the Closing Date until the date that is ten Business Days prior to the
Maturity Date in such form as may be approved from time to time by such Issuing Lender; provided that no Issuing Lender shall have any obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C
Obligations would exceed the L/C Commitment, (ii) the aggregate amount of the Utilized Commitments would be greater than the Loan Commitments or (iii) unless the applicable Issuing Lender shall otherwise consent thereto, the aggregate
amount of all outstanding Letters of Credit issued by such Issuing Lender would exceed
33 1/3% of the L/C Commitment. Each Letter of Credit
shall (x) be denominated in Dollars, (y) have a face amount of at least $1,000,000 (unless otherwise agreed by the applicable Issuing Lender) and (z) expire no later than the earlier of (x) the first anniversary of its date of
issuance and (y) the date that is five Business Days prior to the Maturity Date; provided, that, if one or more Letters of Credit shall at any time have an expiry date that is later than five Business Days prior to the Maturity Date, the
Borrower shall, not later than (i) five Business Days preceding the Maturity Date, 
  

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deposit in a cash collateral account established with the Administrative Agent, on terms and conditions satisfactory to the Administrative Agent, an amount equal to the L/C Obligations with
respect to such Letters of Credit, if the Borrower’s Rating in effect is at least BBB- as published by S&P, is at least Baa3 as published by Moody’s and is at least BBB- as published by Fitch or (ii) fifteen days preceding the
Maturity Date, deposit in a cash collateral account established with the Administrative Agent an amount equal to the L/C Obligations with respect to such Letters of Credit if the Borrower’s Rating in effect is lower than BBB- as published by
S&P, or is lower than Baa3 as published by Moody’s or is lower than BBB- as published by Fitch; provided, further, that the obligations under this Section 5 in respect of such Letters of Credit of (i) the Borrower shall
survive the Maturity Date and shall remain in effect until no such Letters of Credit remain outstanding and (ii) each Lender shall be reinstated, to the extent any such cash collateral, the application thereof or reimbursement in respect
thereof is required to be returned to the Borrower by the applicable Issuing Lender after the Maturity Date. Amounts held in such cash collateral account shall be held and applied by the Administrative Agent in the manner and for the purposes set
forth in Section 10.2(c). 
 (b) No Issuing Lender shall at any time be obligated to issue any Letter of Credit if such
issuance would conflict with, or cause such Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable requirement of law. 

(c) Schedule 5.1 contains a description of all letters of credit issued by the Issuing Lenders pursuant to the Original Credit Agreement
and which are to remain outstanding on the Effective Date. Each such letter of credit, including any extension thereof, shall continue to constitute a “Letter of Credit” for all purposes of this Credit Agreement. 

5.2. Procedure for Issuance of Letter of Credit. 

The Borrower may from time to time request that an Issuing Lender issue a Letter of Credit by delivering an Application therefor to such
Issuing Lender, with a copy to the Administrative Agent, at their respective addresses for notices specified herein, completed to the satisfaction of such Issuing Lender, and such other certificates, documents and other papers and information as
such Issuing Lender may request. Upon receipt of any Application, the applicable Issuing Lender will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with
its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall any Issuing Lender be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application
therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed to by the applicable Issuing Lender and
the Borrower. The applicable Issuing Lender shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof. The applicable Issuing Lender shall promptly furnish to the Administrative Agent notice of the
issuance of such Letter of Credit (including the amount thereof), together with a copy of such Letter of Credit, whereupon the Administrative Agent shall in turn promptly furnish such notice to the Lenders and a copy of such Letter of Credit to any
Lender requesting the same. 
  

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 5.3. Fees and Other Charges. 

(a) The Borrower will pay a fee (“Letter of Credit Fees”) on all outstanding Letters of Credit at the per annum
percentages set forth under the heading “Applicable Percentage for Letters of Credit” in the table included in the definition of “Applicable Percentage”, multiplied by the Stated Amount of each Letter of Credit, shared ratably
among the Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. In addition, the Borrower shall pay to each Issuing Lender for its own account a fronting fee on the undrawn and unexpired amount of each Letter
of Credit issued by it as agreed between the Borrower and such Issuing Lender. 
 (b) In addition to the foregoing fees, the
Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter
of Credit issued by it. 
 5.4. L/C Participations. 

(a) Each Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant, and, to induce the Issuing Lenders to issue
their respective Letters of Credit, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from each Issuing Lender, on the terms and conditions set forth below, for such L/C Participant’s own account
and risk an undivided interest equal to such L/C Participant’s Commitment Percentage in such Issuing Lender’s obligations and rights under and in respect of each Letter of Credit issued by it and the amount of each draft paid by such
Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees that, if a draft is paid under any Letter of Credit for which an Issuing Lender is not indefeasibly reimbursed in cash in full by the Borrower in accordance with
the terms of this Credit Agreement (notwithstanding delivery of cash collateral pursuant to Sections 5.1(a) and 10.2(c)), such L/C Participant shall pay to the Administrative Agent for the account of the applicable Issuing Lender, upon demand, an
amount equal to such L/C Participant’s Commitment Percentage of the amount of such draft, or any part thereof, that is not so reimbursed. 

(b) If any amount required to be paid by any L/C Participant to or for the account of an Issuing Lender pursuant to Section 5.4(a)
in respect of any unreimbursed portion of any payment made by an Issuing Lender under any Letter of Credit is paid within three Business Days after the date such payment is due, such L/C Participant shall pay to the Administrative Agent for the
account of such Issuing Lender on demand an amount equal to the product of (i) such amount, times (ii) the daily average Federal Funds Rate during the period from and including the date such payment is required to the date on which such
payment is immediately available to the applicable Issuing Lender, times (iii) a fraction the numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required to be paid by
any L/C Participant pursuant to Section 5.4(a) is not made available by such L/C Participant within three Business Days after the date such payment is due, the applicable Issuing Lender shall be entitled to recover from such L/C Participant, on
demand, such amount with interest thereon calculated from such due date at the Adjusted Base Rate. A certificate of an Issuing Lender submitted to any L/C Participant with respect to any amounts owing under this Section shall be conclusive in the
absence of manifest error. 
  

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 (c) Whenever, at any time after an Issuing Lender has made payment under any Letter of
Credit and has received from any L/C Participant its pro rata share of such payment in accordance with Section 5.4(a), such Issuing Lender receives any payment related to such Letter of Credit (whether directly from the Borrower or otherwise,
including proceeds of collateral applied thereto by such Issuing Lender), or any payment of interest on account thereof, such Issuing Lender will cause the Administrative Agent to distribute to such L/C Participant its pro rata share thereof;
provided, however, that in the event that any such payment received by such Issuing Lender shall be required to be returned by such Issuing Lender, such L/C Participant shall return to such Issuing Lender the portion thereof previously
distributed by such Issuing Lender to it. 
 5.5. Reimbursement Obligation of the Borrower. 

The Borrower agrees to reimburse each Issuing Lender on the Business Day next succeeding the Business Day on which such Issuing Lender
notifies the Borrower of the date and amount of a draft presented under any Letter of Credit and paid by such Issuing Lender for the amount of (a) such draft so paid and (b) any taxes, fees, charges or other costs or expenses incurred by
such Issuing Lender in connection with such payment. Each such payment shall be made to the applicable Issuing Lender at its address for notices referred to herein in Dollars and in immediately available funds. Interest shall be payable on any such
amounts from the date on which the relevant draft is paid until payment in full (i) at the Adjusted Base Rate until the Business Day next succeeding the date of the relevant notice, and (ii) thereafter, at the rate set forth in
Section 3.1(b). 
 5.6. Obligations Absolute. 

The Borrower’s obligations under this Section 5 shall be absolute and unconditional under any and all circumstances and
irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have had against any Issuing Lender, any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees with each Issuing Lender that such
Issuing Lender shall not be responsible for, and the Borrower’s Reimbursement Obligations under Section 5.5 shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even though
such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Borrower and any beneficiary of any Letter of Credit or any other party to which such Letter of Credit may be transferred or any claims
whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such transferee. No Issuing Lender shall be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice,
however transmitted, in connection with any Letter of Credit, except for errors or omissions found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such
Issuing Lender. The Borrower agrees that any action taken or omitted by an Issuing Lender under or in connection with any Letter of Credit or the related drafts or documents, if done in the absence of gross negligence or willful misconduct and in
accordance with the standards of care specified in the Uniform Commercial Code of the State of New York, shall be binding on the Borrower and shall not result in any liability of such Issuing Lender to the Borrower. 

 

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 5.7. Letter of Credit Payments. 

If any draft shall be presented for payment under any Letter of Credit, the applicable Issuing Lender shall promptly notify the
Administrative Agent and the Borrower of the date and amount thereof. The responsibility of an Issuing Lender to the Borrower in connection with any draft presented for payment under any Letter of Credit shall, in addition to any payment obligation
expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter of
Credit, subject to Section 5.6. 
 5.8. Applications. 

To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this
Section 5, the provisions of this Section 5 shall apply. 
 SECTION 6. CONDITIONS PRECEDENT 

6.1. Closing Conditions. 

The obligation of the Lenders to enter into the Credit Documents is subject to satisfaction of the following conditions (all documents,
certificates and opinions described below to be in form and substance acceptable to the Lenders) on or prior to February 28, 2006: 

(a) Credit Documents. Receipt by the Administrative Agent of duly executed copies of: (i) this Credit Agreement and
(ii) the other Credit Documents. 
 (b) Corporate Documents. Receipt by the Administrative Agent of the following:

 (i) Charter Documents. Copies of the articles of incorporation or other charter documents of the
Borrower certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation and certified by a secretary or assistant secretary of the Borrower to be true and
correct as of the Closing Date. 
 (ii) Bylaws. A copy of the bylaws of the Borrower certified by a
secretary or assistant secretary of the Borrower to be true and correct as of the Closing Date. 
 (iii)
Resolutions. Copies of resolutions of the Board of Directors of the Borrower approving and adopting the Credit Documents, the transactions contemplated herein and therein and authorizing execution and delivery thereof, certified by a
secretary or assistant secretary of the Borrower to be true and correct and in force and effect as of the Closing Date. 
  

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 (iv) Good Standing. Copies of (a) certificates of good standing,
existence or its equivalent, certified as of a recent date by the appropriate Governmental Authorities of its jurisdiction of incorporation and (b) to the extent available, a certificate indicating payment of all corporate franchise taxes
certified as of a recent date by the appropriate Governmental Authorities of the Borrower’s jurisdiction of incorporation. 

(c) Closing Certificate. Receipt by the Administrative Agent of a certificate of the Borrower, dated the Closing Date,
substantially in the form of Exhibit 6.1(c), executed by any Assistant Treasurer and the Secretary or any Assistant Secretary of the Borrower, and attaching the documents referred to in subsection 6.1(b). 

(d) Fees. The Lenders and the Administrative Agent shall have received all fees required to be paid, and all expenses for which
invoices have been presented, and the Borrower shall have paid all interest, fees and expenses accrued under the Original Credit Agreement to but not including the Closing Date. 

(e) Opinion of Counsel. Receipt by the Administrative Agent of an opinion or opinions, satisfactory in form and content to the
Administrative Agent and the Lenders, addressed to the Administrative Agent and each of the Lenders and dated as of the Closing Date, substantially in the form of Exhibit 6.1(e), from McGuireWoods LLP, outside legal counsel to the Borrower.

 (f) Financial Statements. Receipt and approval by the Administrative Agent and the Lenders of the audited consolidated
financial statements of the Borrower dated as of December 31, 2003 and December 31, 2004 and the unaudited interim consolidated financial statements of the Borrower for the periods ended March 31, 2005, June 30, 2005 and
September 30, 2005. 
 (g) Consents. Receipt by the Administrative Agent of a written representation from the
Borrower that (i) all governmental, shareholder and third party consents and approvals necessary or, in the reasonable opinion of the Administrative Agent, advisable in connection with the transactions contemplated hereby have been received and
are in full force and effect and (ii) no condition or requirement of law exists which could reasonably be likely to restrain, prevent or impose any material adverse condition on the transactions contemplated hereby, and receipt by the
Administrative Agent of copies of any required orders of any regulatory authority approving the Borrower’s execution, delivery and performance of this Credit Agreement and the borrowings hereunder. 

(h) No Default; Representations and Warranties. As of the Closing Date (i) there shall exist no Default or Event of Default
and (ii) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects. 

(i) Material Adverse Effect. No event or condition shall have occurred since the dates of the financial statements delivered
pursuant to Section 6.1(f) above that has or would be likely to have a Material Adverse Effect. 
  

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 (j) Other. Receipt by the Lenders of such other documents, instruments, agreements or
information as reasonably requested by any Lender. 
 The Administrative Agent shall provide written notice to the Borrower and
the Lenders upon the occurrence of the Effective Date (as defined in Section 12.15). 
 6.2. Conditions to Loans and
Letters of Credit. 
 In addition to the conditions precedent stated elsewhere herein, the Lenders shall not be obligated to
make new Loans to the Borrower (including the initial Loans to be made hereunder) or issue, renew or participate in any Letter of Credit unless: 

(a) Request. The Borrower shall have timely delivered a duly executed and completed Notice of Borrowing or Application in
conformance with all the terms and conditions of this Credit Agreement. 
 (b) Representations and Warranties. The
representations and warranties made by the Borrower in or pursuant to the Credit Documents are true and correct in all material respects at and as if made as of the date of the funding of the Loans, issuance of any Letter of Credit or increase in
Loan Commitment pursuant to Section 2.5(b) or extension of the Maturity Date under Section 2.7 or, if any such representation and warranty was made as of a specific date, such representation and warranty was true and correct in all
material respects as of such date; provided, however, that the representation and warranty set forth in clause (ii) of the second paragraph of Section 7.6 hereof need not be true and correct as a condition to the making of
any Loans or the issuance, renewal or participations in any Letter of Credit made after the Closing Date. 
 (c) No
Default. On the date of the funding of the Loans, issuance of the Letter of Credit or increase in Loan Commitment pursuant to Section 2.5(b), no Default or Event of Default has occurred and is continuing or would be caused by making the
Loans or issuance of a Letter of Credit. 
 (d) Availability. Immediately after giving effect to the making of a Loan
(and the application of the proceeds thereof) or issuance or renewal of the Letter of Credit, the sum of Loans outstanding and the L/C Obligations shall not exceed the Loan Commitment. 

The delivery of each Notice of Borrowing and Application shall constitute a representation and warranty by the Borrower of the correctness of the matters
specified in subsections (b), (c), and (d) above. 
 SECTION 7. REPRESENTATIONS AND WARRANTIES 

The Borrower hereby represents and warrants to each Lender that: 

7.1. Organization and Good Standing. 

The Borrower and each Material Subsidiary of the Borrower (other than any Material Subsidiary that is not a corporation) (a) is a
corporation duly incorporated, validly 
  

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existing and in good standing under the laws of the jurisdiction of its incorporation, (b) is duly qualified and in good standing as a foreign corporation authorized to do business in every
jurisdiction where the failure to so qualify would have a Material Adverse Effect and (c) has the requisite corporate power and authority to own its properties and to carry on its business as now conducted and as proposed to be conducted. Each
Material Subsidiary of the Borrower that is not a corporation (a) is a legal entity duly organized, existing and in good standing under the laws of its jurisdiction of organization, (b) is registered or qualified as an entity authorized to
do business in every jurisdiction where the failure to be so registered or qualified would have a Material Adverse Effect and (c) has the requisite power and authority to own its properties and to carry on its business as now conducted and as
proposed to be conducted. 
 7.2. Due Authorization. 

The Borrower (a) has the requisite corporate power and authority to execute, deliver and perform this Credit Agreement and the other
Credit Documents and to incur the obligations herein and therein provided for and (b) is duly authorized to, and has been authorized by all necessary corporate action, to execute, deliver and perform this Credit Agreement and the other Credit
Documents. 
 7.3. No Conflicts. 

Neither the execution and delivery of the Credit Documents and the consummation of the transactions contemplated therein, nor the
performance of and compliance with the terms and provisions thereof by the Borrower will (a) violate or conflict with any provision of its articles of incorporation or bylaws, (b) violate, contravene or materially conflict with any law,
regulation (including, without limitation, Regulation U or Regulation X), order, writ, judgment, injunction, decree or permit applicable to it, (c) violate, contravene or materially conflict with contractual provisions of, or cause an event of
default under, any indenture, loan agreement, mortgage, deed of trust, contract or other agreement or instrument to which it is a party or by which it may be bound, the violation of which could have a Material Adverse Effect or (d) result in or
require the creation of any Lien upon or with respect to its properties. 
 7.4. Consents. 

No consent, approval, authorization or order of, or filing, registration or qualification with, any court or Governmental Authority or
third party is required to be obtained or made by the Borrower in connection with the Borrower’s execution, delivery or performance of this Credit Agreement or any of the other Credit Documents that has not been obtained or made, other than any
filings with the Securities and Exchange Commission and other Governmental Authorities that may be required to be made after the date hereof and which are properly filed in accordance with applicable laws, rules and regulations as of such later
date. 
 7.5. Enforceable Obligations. 

This Credit Agreement and the other Credit Documents have been duly executed and delivered and constitute legal, valid and binding
obligations of the Borrower enforceable against the Borrower in accordance with their respective terms, except as may be limited by bankruptcy or insolvency laws or similar laws affecting creditors’ rights generally or by general equitable
principles. 
  

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 7.6. Financial Condition. 

The financial statements provided to the Lenders pursuant to Section 6.1(f) and pursuant to Section 8.1(a) and (b) present
fairly the financial condition, results of operations and cash flows of the Borrower and its Consolidated Subsidiaries as of the dates stated therein. 

In addition, (i) such financial statements were prepared in accordance with GAAP and, (ii) since September 30, 2005, there
have occurred no changes or circumstances which have had or would be reasonably expected to have a Material Adverse Effect. 

7.7. No Default. 

Neither the Borrower nor any of its Material Subsidiaries is in default in any respect under any contract, lease, loan agreement,
indenture, mortgage, security agreement or other agreement or obligation to which it is a party or by which any of its properties is bound which default would have or would be reasonably expected to have a Material Adverse Effect. 

7.8. Indebtedness. 

As of the Closing Date, the Borrower has no Indebtedness except as disclosed in the financial statements referenced in Section 6.1(f)
and on Schedule 7.8. 
 7.9. Litigation. 

Except as disclosed in the Borrower’s Annual Report on Form 10-K for the year ended December 31, 2004 and the Borrower’s
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2005, June 30, 2005 and September 30, 2005, there are no actions, suits or legal, equitable, arbitration or administrative proceedings, pending or, to the knowledge
of the Borrower, threatened against the Borrower or a Material Subsidiary of the Borrower in which there is a reasonable possibility of an adverse decision which would have or would reasonably be expected to have a Material Adverse Effect.

 7.10. Taxes. 

The Borrower and each Material Subsidiary of the Borrower has (i) filed, or caused to be filed, all material tax returns (federal,
state, local and foreign) required to be filed by it and paid all amounts of taxes shown thereon to be due (including interest and penalties) and (ii) except to the extent such failure to pay would not reasonably be expected to have a Material
Adverse Effect, paid all other taxes, fees, assessments and other governmental charges (including mortgage recording taxes, documentary stamp taxes and intangibles taxes) owing by it, except, in the case of each of clause (i) and (ii), for such
taxes which are not yet delinquent or that are being contested in good faith and by proper proceedings, and against which adequate reserves are being maintained in accordance with GAAP. 

 

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 7.11. Compliance with Law. 

Except as disclosed in the Borrower’s Annual Report on Form 10-K for the year ended December 31, 2004 and the Borrower’s
Quarterly Reports for the quarters ended March 31, 2005, June 30, 2005 and September 30, 2005, the Borrower and each Material Subsidiary of the Borrower is in compliance with all laws, rules, regulations, orders and decrees
applicable to it, or to its properties, unless such failure to comply would not have a Material Adverse Effect. 
 7.12.
ERISA. 
 (a) No Reportable Event has occurred and is continuing with respect to any Plan; (b) no Plan has an
accumulated funding deficiency determined under Section 412 of the Code; (c) no proceedings have been instituted, or, to the knowledge of the Borrower, planned to terminate any Plan; (d) neither the Borrower, nor any member of a
Controlled Group including the Borrower, nor any duly-appointed administrator of a Plan has instituted or intends to institute proceedings to withdraw from any Multiemployer Pension Plan (as defined in Section 3(37) of ERISA); and (e) each
Plan has been maintained and funded in all material respects in accordance with its terms and with the provisions of ERISA applicable thereto. 

7.13. Government Regulation. 

The Borrower is not an “investment company” registered or required to be registered under the Investment Company Act of 1940, as
amended, and is not controlled by such a company, nor is otherwise subject to regulation under said Act. 
 7.14.
Solvency. 
 The Borrower is and, after the consummation of the transactions contemplated by this Credit Agreement and the
other Credit Documents, will be Solvent. 
 SECTION 8. AFFIRMATIVE COVENANTS 

The Borrower hereby covenants and agrees that so long as this Credit Agreement is in effect and until the Loans made to it, together with
interest, fees and all other obligations hereunder, have been paid in full and the Commitments and all Letters of Credit hereunder shall have terminated: 

8.1. Information Covenants. 

The Borrower will furnish, or cause to be furnished, to the Administrative Agent and each Lender: 

(a) Annual Financial Statements. As soon as available, and in any event within 120 days after the close of each fiscal year of the
Borrower, a Form 10-K as required to be filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and the Exchange Act, which includes financial information required by such Form 10-K, such financial information
to be in reasonable form and detail and audited by Deloitte & 
  

 39 

 
Touche LLP or another independent registered public accounting firm of recognized national standing reasonably acceptable to the Administrative Agent and whose opinion shall be to the effect that
such financial statements have been prepared in accordance with GAAP (except for changes with which such accountants concur) and shall not be limited as to the scope of the audit or qualified in any respect. 

(b) Quarterly Financial Statements. As soon as available, and in any event within 60 days after the close of each of the first
three fiscal quarters of the Borrower, a Form 10-Q as required to be filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and the Exchange Act, which includes the financial information required by such Form
10-Q, such financial information to be in reasonable form and detail, and accompanied by a certificate of the chief financial officer or treasurer of the Borrower to the effect that such quarterly financial statements fairly present in all material
respects the financial condition of the Borrower and have been prepared in accordance with GAAP, subject to changes resulting from audit and normal year-end audit adjustments. 

(c) Officer’s Certificate. At the time of delivery of the financial statements provided for in Sections 8.1(a) and 8.1(b)
above, a certificate of the chief financial officer or treasurer of the Borrower, substantially in the form of Exhibit 8.1(c), (i) demonstrating compliance with the financial covenant contained in Section 8.11 by calculation thereof as of
the end of each such fiscal period and (ii) stating that no Default or Event of Default exists, or if any such Default or Event of Default does exist, specifying the nature and extent thereof and what action the Borrower proposes to take with
respect thereto. 
 (d) Reports. Promptly upon transmission or receipt thereof, notice of any filings and registrations
of the Borrower with, and reports to or from, the Securities and Exchange Commission, or any successor agency, and copies of all financial statements, proxy statements, notices and reports as Dominion Resources shall send to its shareholders.

 (e) Notices. Upon the Borrower obtaining knowledge thereof, the Borrower will give written notice to the
Administrative Agent immediately of (i) the occurrence of an event or condition consisting of a Default or Event of Default, specifying the nature and existence thereof and what action the Borrower proposes to take with respect thereto, and
(ii) the occurrence of any of the following: (A) the pendency or commencement of any litigation, arbitral or governmental proceeding against the Borrower or a Material Subsidiary of the Borrower which, if adversely determined, is likely to
have a Material Adverse Effect, (B) the institution of any proceedings against the Borrower or a Material Subsidiary of the Borrower with respect to, or the receipt of notice by such Person of potential liability or responsibility for
violation, or alleged violation of any federal, state or local law, rule or regulation, the violation of which would likely have a Material Adverse Effect or (C) any notice or determination concerning the imposition of any withdrawal liability
by a Multiemployer Plan against the Borrower or any of its ERISA Affiliates, the determination that a Multiemployer Plan is, or is expected to be, in reorganization within the meaning of Title IV of ERISA or the termination of any Plan. 

 

 40 

 (f) Other Information. With reasonable promptness upon any such request, such other
information regarding the business, properties or financial condition of the Borrower as the Administrative Agent or the Required Lenders may reasonably request. 

Financial statements and reports required to be delivered pursuant to Section 8.1(a), (b) or (d) (to the extent any such statements are
included in materials otherwise filed with the Securities and Exchange Commission) may be made available by the Borrower on the Borrower’s corporate website, any Securities and Exchange Commission website or any other publicly available website
as notified to the Administrative Agent and the Lenders; provided that upon the request of the Administrative Agent or any Lender, the Borrower shall deliver paper copies of such documents to the Administrative Agent or such Lender, as the case may
be. The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the financial statements referred to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such
request for delivery and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

8.2. Preservation of Existence and Franchises. 

The Borrower will do (and will cause each of its Material Subsidiaries to do) all things necessary to preserve and keep in full force and
effect (i) its existence and (ii) to the extent material to the conduct of the business of the Borrower or any of its Material Subsidiaries, its rights, franchises and authority; provided that nothing in this Section 8.2 shall prevent
any transaction otherwise permitted under Section 9.2 or Section 9.3 or any change in the form of organization (by merger or otherwise) of any Material Subsidiary of the Borrower so long as such change shall not have an adverse effect on
the Borrower’s ability to perform its obligations hereunder. 
 8.3. Books and Records. 

The Borrower will keep (and will cause each of its Material Subsidiaries to keep) complete and accurate books and records of its
transactions in accordance with good accounting practices on the basis of GAAP (including the establishment and maintenance of appropriate reserves). 

8.4. Compliance with Law. 

The Borrower will comply (and will cause each of its Material Subsidiaries to comply) with all laws, rules, regulations and orders, and
all applicable restrictions imposed by all Governmental Authorities, applicable to it and its property if noncompliance with any such law, rule, regulation, order or restriction would be reasonably expected to have a Material Adverse Effect.

 8.5. Payment of Taxes. 

The Borrower will pay and discharge all taxes, assessments and governmental charges or levies imposed upon it, or upon its income or
profits, or upon any of its properties, before they shall become delinquent if the failure to make such payment and discharge would reasonably be expected to have a Material Adverse Effect; provided, however, that the Borrower

  

 41 

 
shall not be required to pay any such tax, assessment, charge, levy, or claim which is being contested in good faith by appropriate proceedings and as to which adequate reserves therefor have
been established in accordance with GAAP. 
 8.6. Insurance. 

The Borrower will at all times maintain in full force and effect insurance (including worker’s compensation insurance, liability
insurance and casualty insurance) in such amounts, covering such risks and liabilities and with such deductibles or self-insurance retentions as are in accordance with normal industry practice. 

8.7. Performance of Obligations. 

The Borrower will perform (and will cause each of its Material Subsidiaries to perform) in all material respects all of its obligations
under the terms of all agreements that are material to the conduct of the business of the Borrower or any of its Material Subsidiaries and all indentures, mortgages, security agreements or other debt instruments to which it is a party or by which it
is bound. 
 8.8. ERISA. 

The Borrower and each of its ERISA Affiliates will (a) at all times make prompt payment of all contributions (i) required under
all employee pension benefit plans (as defined in Section 3(2) of ERISA) (“Pension Plans”) and (ii) required to meet the minimum funding standard set forth in ERISA with respect to each of its Plans; (b) promptly upon
request, furnish the Administrative Agent and the Lenders copies of each annual report/return (Form 5500 Series), as well as all schedules and attachments required to be filed with the Department of Labor and/or the Internal Revenue Service pursuant
to ERISA, and the regulations promulgated thereunder, in connection with each of its Pension Plans for each Plan Year (as defined in ERISA); (c) notify the Administrative Agent immediately of any fact, including, but not limited to, any
Reportable Event arising in connection with any of its Plans, which might constitute grounds for termination thereof by the PBGC or for the appointment by the appropriate United States District Court of a trustee to administer such Plan, together
with a statement, if requested by the Administrative Agent, as to the reason therefor and the action, if any, proposed to be taken in respect thereof; and (d) furnish to the Administrative Agent, upon its request, such additional information
concerning any of its Plans as may be reasonably requested. The Borrower will not nor will it permit any of its ERISA Affiliates to (A) terminate a Plan if any such termination would have a Material Adverse Effect or (B) cause or permit to
exist any Reportable Event under ERISA or other event or condition which presents a material risk of termination at the request of the PBGC if such termination would have a Material Adverse Effect. 

8.9. Use of Proceeds. 

The Borrower intends that the facilities afforded by this Credit Agreement will be used primarily in the form of Letters of Credit, and
secondarily, in the form of Loans. The Letters of Credit issued hereunder and proceeds of the Loans made to the Borrower hereunder may be used solely (a) to provide credit support for the Borrower’s commercial paper, (b) for working
capital of the Borrower and its Subsidiaries and (c) for other general corporate purposes. 
  

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 None of the proceeds of the Loans made to the Borrower hereunder will be used for the purpose of purchasing
or carrying any “margin stock” which violates Regulation U or Regulation X or for the purpose of reducing or retiring in violation of Regulation U or Regulation X any Indebtedness which was originally incurred to purchase or carry
“margin stock” or for any other purpose which might constitute this transaction a “purpose credit” in violation of Regulation U or Regulation X. 

8.10. Audits/Inspections. 

Upon reasonable notice, during normal business hours and in compliance with the reasonable security procedures of the Borrower, the
Borrower will permit representatives appointed by the Administrative Agent or the Required Lenders (or upon a Default or Event of Default, any Lender), including, without limitation, independent accountants, agents, attorneys, and appraisers to
visit and inspect the Borrower’s property, including its books and records, its accounts receivable and inventory, the Borrower’s facilities and its other business assets, and to make photocopies or photographs thereof and to write down
and record any information such representative obtains and shall permit the Required Lenders (or upon a Default or Event of Default, any Lender) or the Administrative Agent or its representatives to investigate and verify the accuracy of information
provided to the Lenders and to discuss all such matters with the officers, employees and representatives of the Borrower. 

8.11. Total Funded Debt to Capitalization. 

The ratio of (a) Total Funded Debt to (b) Capitalization for the Borrower shall at all times be less than or equal to .65 to
1.00. 
 SECTION 9. NEGATIVE COVENANTS 

The Borrower hereby covenants and agrees that so long as this Credit Agreement is in effect and until the Loans, together with interest,
fees and all other obligations hereunder, have been paid in full and the Commitments and all Letters of Credit hereunder shall have terminated: 

9.1. Nature of Business. 

The Borrower will not alter the character of its business from that conducted as of the Closing Date and activities reasonably related
thereto and similar and related businesses; provided that the Borrower may transfer Non-Regulated Assets to one or more Wholly-Owned Subsidiaries of DRI to the extent permitted under Section 9.3. 

9.2. Consolidation and Merger. 

The Borrower will not enter into any transaction of merger or consolidation or liquidate, wind up or dissolve itself (or suffer any
liquidation or dissolution); provided that notwithstanding the foregoing provisions of this Section 9.2, the following actions may be taken if, both immediately prior thereto and after giving effect thereto, no Default or Event of
Default exists: 
 (a) a Subsidiary of the Borrower may be merged or consolidated with or into the Borrower; provided
that the Borrower shall be the continuing or surviving entity; and 
  

 43 

 (b) the Borrower may merge or consolidate with any other Person if either (i) the
Borrower shall be the continuing or surviving entity or (ii) the Borrower shall not be the continuing or surviving entity and the entity so continuing or surviving (A) is an entity organized and duly existing under the law of any state of
the United States and (B) executes and delivers to the Administrative Agent and the Lenders an instrument in form satisfactory to the Required Lenders pursuant to which it expressly assumes the Loans and all of the other obligations of the
Borrower under the Credit Documents and procures for the Administrative Agent and each Lender an opinion in form satisfactory to the Required Lenders and from counsel satisfactory to the Required Lenders in respect of the due authorization,
execution, delivery and enforceability of such instrument and covering such other matters as the Required Lenders may reasonably request. 

9.3. Sale or Lease of Assets. 

The Borrower will not convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions, all or
substantially all of its business or assets whether now owned or hereafter acquired, it being understood and agreed that the Borrower (or any Material Subsidiary of the Borrower) may transfer Non-Regulated Assets to one or more Wholly-Owned
Subsidiaries of Dominion Resources, provided that (i) each such Wholly-Owned Subsidiary remains at all times a Wholly-Owned Subsidiary of Dominion Resources and (ii) the Ratings of Dominion Resources and the Borrower will not be lowered to
less than BBB by S&P, Baa2 by Moody’s or BBB by Fitch in connection with or as a result of such transfer. 
 9.4.
Limitation on Liens. 
 If the Borrower shall pledge, mortgage or hypothecate, or permit any Lien upon, any property or
assets at any time owned by the Borrower and by reason thereof the Borrower would under the Indenture be obligated to cause the securities outstanding under the Indenture as from time to time in effect to be secured by such pledge, mortgage,
hypothecation or other Lien, the Borrower shall concurrently make effective provision whereby the Loans and Reimbursement Obligations outstanding hereunder will be equally and ratably secured with any and all other indebtedness thereby secured.

 9.5. Fiscal Year. 

The Borrower will not change its fiscal year without prior notification to the Lenders. 

SECTION 10. EVENTS OF DEFAULT 

10.1. Events of Default. 

An Event of Default shall exist upon the occurrence and continuation of any of the following specified events (each an “Event of
Default”): 
 (a) Payment. The Borrower shall: 

(i) default in the payment when due of any principal of any of the Loans or Reimbursement Obligations, or shall fail to
deliver to the Administrative Agent, when due, any cash collateral required to be provided in accordance with Sections 3.2(b) or 5.1(a); or 
  

 44 

 (ii) default, and such default shall continue for five or more Business
Days, in the payment when due of any interest on the Loans, Reimbursement Obligations or of any fees or other amounts owing hereunder, under any of the other Credit Documents or in connection herewith. 

(b) Representations. Any representation, warranty or statement made or deemed to be made by the Borrower herein, in any of the other
Credit Documents, or in any statement or certificate delivered or required to be delivered pursuant hereto or thereto shall prove untrue in any material respect on the date as of which it was deemed to have been made. 

(c) Covenants. The Borrower shall: 

(i) default in the due performance or observance of any term, covenant or agreement contained in Sections 8.2, 8.9, 8.11
or 9.1 through 9.5, inclusive; or 
 (ii) default in the due performance or observance by it of any term,
covenant or agreement contained in Section 8.1(a), (b), (c) or (e) and such default shall continue unremedied for a period of five Business Days after the earlier of a Responsible Officer becoming aware of such default or notice
thereof given by the Administrative Agent; or 
 (iii) default in the due performance or observance by it of any
term, covenant or agreement (other than those referred to in subsections (a), (b), (c)(i), or (c)(ii) of this Section 10.1) contained in this Credit Agreement or any other Credit Document and such default shall continue unremedied for a period
of at least 30 days after the earlier of a Responsible Officer becoming aware of such default or notice thereof given by the Administrative Agent. 

(d) Credit Documents. Any Credit Document shall fail to be in full force and effect or shall fail to give the Administrative Agent
and/or the Lenders the security interests, liens, rights, powers and privileges purported to be created thereby. 
 (e)
Bankruptcy, etc. The occurrence of any of the following: (i) a court or governmental agency having jurisdiction in the premises shall enter a decree or order for relief in respect of the Borrower or a Material Subsidiary of the Borrower in
an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appoint a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of the Borrower or a Material
Subsidiary of the Borrower or for any substantial part of its property or ordering the winding up or liquidation of its affairs; or (ii) an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in
effect is commenced against the 
  

 45 

 
Borrower or a Material Subsidiary of the Borrower and such petition remains unstayed and in effect for a period of 60 consecutive days; or (iii) the Borrower or a Material Subsidiary of the
Borrower shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the
appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of such Person or any substantial part of its property or make any general assignment for the benefit of creditors; or
(iv) the Borrower or a Material Subsidiary of the Borrower shall admit in writing its inability to pay its debts generally as they become due or any action shall be taken by such Person in furtherance of any of the aforesaid purposes.

 (f) Defaults under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this
Credit Agreement) of the Borrower or a Material Subsidiary of the Borrower in a principal amount in excess of $35,000,000, (i) the Borrower or a Material Subsidiary of the Borrower shall (A) default in any payment (beyond the applicable
grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default (after giving effect to any applicable grace period) in the observance or performance of any covenant or agreement relating to such Indebtedness or
contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit, the holder or holders
of such Indebtedness (or trustee or agent on behalf of such holders) to cause any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other
than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or (iii) any such Indebtedness matures and is not paid at maturity. 

(g) Judgments. One or more judgments, orders, or decrees shall be entered against the Borrower or a Material Subsidiary of the
Borrower involving a liability of $35,000,000 or more, in the aggregate, (to the extent not paid or covered by insurance provided by a carrier who has acknowledged coverage) and such judgments, orders or decrees shall continue unsatisfied,
undischarged and unstayed for a period ending on the first to occur of (i) the last day on which such judgment, order or decree becomes final and unappealable and, where applicable, with the status of a judicial lien and (ii) 30 days.

 (h) ERISA. (i) The Borrower, a Material Subsidiary of the Borrower or any member of the Controlled Group
including the Borrower shall fail to pay when due an amount or amounts aggregating in excess of $35,000,000 which it shall have become liable to pay under Title IV of ERISA; or (ii) notice of intent to terminate a Plan or Plans of the Borrower
which in the aggregate have unfunded liabilities in excess of $35,000,000 (individually and collectively, a “Material Plan”) shall be filed under Title IV of ERISA by the Borrower or any member of the Controlled Group including the
Borrower, any plan administrator or any combination of the foregoing; or (iii) the PBGC shall institute proceedings under Title IV of ERISA to terminate, to impose liability (other than for premiums under Section 4007 of ERISA) in respect
of, or to cause a trustee to be appointed to administer any Material Plan of the Borrower; or (iv) a condition shall exist by reason of which the PBGC would be entitled to obtain a decree adjudicating that any Material Plan of the Borrower must
be terminated; or (v) there shall occur a complete or partial withdrawal from, or a default, within the meaning of Section 4219(c)(5) of 

 

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ERISA, with respect to, one or more Multiemployer Plans which could cause one or more members of the Controlled Group including the Borrower to incur a current payment obligation in excess of
$35,000,000. 
 (i) Change of Control. The occurrence of any Change of Control. 

10.2. Acceleration; Remedies. 

(a) Upon the occurrence of an Event of Default, and at any time thereafter unless and until such Event of Default has been waived by the
Required Lenders or cured to the satisfaction of the Required Lenders, the Administrative Agent may with the consent of the Required Lenders, and shall, upon the request and direction of the Required Lenders, by written notice to the Borrower take
any of the following actions without prejudice to the rights of the Administrative Agent or any Lender to enforce its claims against the Borrower, except as otherwise specifically provided for herein: 

(i) Termination of Commitments. Declare the Commitments terminated whereupon the Commitments shall be immediately
terminated. 
 (ii) Acceleration of Loans. Declare the unpaid principal of and any accrued interest on the
Loans, and any and all other indebtedness or obligations of any and every kind (including all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required
thereunder) owing by the Borrower to any of the Lenders or the Administrative Agent hereunder to be due whereupon the same shall be immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby
waived by the Borrower. 
 (iii) Enforcement of Rights. Enforce any and all rights and interests created
and existing under the Credit Documents, including, without limitation, all rights of set-off, as against the Borrower. 
 (b)
Notwithstanding the foregoing, if an Event of Default specified in Section 10.1(e) shall occur, then the Commitments shall automatically terminate and all Loans, all accrued interest in respect thereof, all accrued and unpaid fees and other
indebtedness or obligations (including all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) owing by the Borrower to the Lenders and the
Administrative Agent hereunder shall immediately become due and payable without the giving of any notice or other action by the Administrative Agent or the Lenders. 

(c) With respect to all Letters of Credit with respect to which presentment for honor shall not have occurred at the time of an
acceleration pursuant to this Section 10.2, the Borrower shall at such time deposit in a cash collateral account established with the Administrative Agent an amount equal to the aggregate then undrawn and unexpired amount of such Letters of
Credit. Amounts held in such cash collateral account shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been
fully drawn 
  

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upon, if any, shall be applied to repay other obligations of the Borrower hereunder and under the other Credit Documents. After all such Letters of Credit shall have expired or been fully drawn
upon, all Reimbursement Obligations shall have been satisfied and all other obligations of the Borrower hereunder and under the other Credit Documents shall have been paid in full, the balance, if any, in such cash collateral account shall be
returned to the Borrower (or such other Person as may be lawfully entitled thereto). 
 10.3. Allocation of Payments After
Event of Default. 
 Notwithstanding any other provisions of this Credit Agreement, after the occurrence and during the
continuance of an Event of Default, all amounts collected or received by the Administrative Agent or any Lender on account of amounts outstanding under any of the Credit Documents shall be paid over or delivered as follows: 

FIRST, to the payment of all reasonable out-of-pocket costs and expenses (including without limitation reasonable outside attorneys’
fees) of the Administrative Agent or any of the Lenders in connection with enforcing the rights of the Lenders under the Credit Documents and any protective advances made by the Administrative Agent or any of the Lenders, pro rata as set forth
below; 
 SECOND, to payment of any fees owed to the Administrative Agent or any Lender, pro rata as set forth below;

 THIRD, to the payment of all accrued interest payable to the Lenders, pro rata as set forth below; 

FOURTH, to the payment of the outstanding principal amount of the Loans, pro rata as set forth below; 

FIFTH, to all other obligations which shall have become due and payable under the Credit Documents and not repaid pursuant to clauses
“FIRST” through “FOURTH” above; and 
 SIXTH, the payment of the surplus, if any, to whoever may be lawfully
entitled to receive such surplus. 
 In carrying out the foregoing, (a) amounts received shall be applied in the numerical
order provided until exhausted prior to application to the next succeeding category and (b) each of the Lenders shall receive an amount equal to its pro rata share (based on each Lender’s Commitment Percentages) of amounts available to be
applied. 
 SECTION 11. AGENCY PROVISIONS 

11.1. Appointment. 

Each Lender hereby designates and appoints Barclays as administrative agent of such Lender to act as specified herein and the other Credit
Documents, and each such Lender hereby authorizes the Administrative Agent, as the agent for such Lender, to take such action on 

 

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its behalf under the provisions of this Credit Agreement and the other Credit Documents and to exercise such powers and perform such duties as are expressly delegated by the terms hereof and of
the other Credit Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere herein and in the other Credit Documents, the Administrative Agent shall not have any duties or
responsibilities, except those expressly set forth herein and therein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Credit Agreement
or any of the other Credit Documents, or shall otherwise exist against the Administrative Agent. The provisions of this Section are solely for the benefit of the Administrative Agent and the Lenders and the Borrower shall not have any rights as a
third party beneficiary of the provisions hereof. In performing its functions and duties under this Credit Agreement and the other Credit Documents, the Administrative Agent shall act solely as agent of the Lenders and does not assume and shall not
be deemed to have assumed any obligation or relationship of agency or trust with or for the Borrower. 
 11.2. Delegation of
Duties. 
 The Administrative Agent may execute any of its duties hereunder or under the other Credit Documents by or through
agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected
by it with reasonable care. 
 11.3. Exculpatory Provisions. 

Neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates shall be liable
for any action lawfully taken or omitted to be taken by it or such Person under or in connection herewith or in connection with any of the other Credit Documents (except for its or such Person’s own gross negligence or willful misconduct), or
responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by the Borrower contained herein or in any of the other Credit Documents or in any certificate, report, statement or other document
referred to or provided for in, or received by the Administrative Agent under or in connection herewith or in connection with the other Credit Documents, or enforceability or sufficiency therefor of any of the other Credit Documents, or for any
failure of the Borrower to perform its obligations hereunder or thereunder. The Administrative Agent shall not be responsible to any Lender for the effectiveness, genuineness, validity, enforceability, collectibility or sufficiency of this Credit
Agreement, or any of the other Credit Documents or for any representations, warranties, recitals or statements made herein or therein or made by the Borrower in any written or oral statement or in any financial or other statements, instruments,
reports, certificates or any other documents in connection herewith or therewith furnished or made by the Administrative Agent to the Lenders or by or on behalf of the Borrower to the Administrative Agent or any Lender or be required to ascertain or
inquire as to the performance or observance of any of the terms, conditions, provisions, covenants or agreements contained herein or therein or as to the use of the proceeds of the Loans or of the existence or possible existence of any Default or
Event of Default or to inspect the properties, books or records of the Borrower. The Administrative Agent is not a trustee for the Lenders and owes no fiduciary duty to the Lenders. None of the Lenders identified on the facing page or

  

 49 

 
signature pages of this Credit Agreement as “Syndication Agent” or “Co-Documentation Agents” shall have any right, power, obligation, liability, responsibility or duty under
this Credit Agreement other than those applicable to all Lenders as such, nor shall they have or be deemed to have any fiduciary relationship with any Lender. 

11.4. Reliance on Communications. 

The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any note, writing, resolution, notice,
consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document or conversation reasonably believed by it to be genuine and correct and to have been signed, sent or made by the
proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Borrower, independent accountants and other experts selected by the Administrative Agent with reasonable care). The
Administrative Agent may deem and treat the Lenders as the owner of its interests hereunder for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent in accordance
with Section 12.3(b). The Administrative Agent shall be fully justified in failing or refusing to take any action under this Credit Agreement or under any of the other Credit Documents unless it shall first receive such advice or concurrence of
the Required Lenders (or to the extent specifically provided in Section 12.6, all the Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be
incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder or under any of the other Credit Documents in accordance with
a request of the Required Lenders (or to the extent specifically provided in Section 12.6, all the Lenders) and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders (including their
successors and assigns). 
 11.5. Notice of Default. 

The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder
unless the Administrative Agent has received notice from a Lender or the Borrower referring to the Credit Document, describing such Default or Event of Default and stating that such notice is a “notice of default.” In the event that the
Administrative Agent receives such a notice, the Administrative Agent shall give prompt notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be directed by the
Required Lenders (or, to the extent specifically provided in Section 12.6, all the Lenders). 
 11.6. Non-Reliance on
Administrative Agent and Other Lenders. 
 Each Lender expressly acknowledges that neither the Administrative Agent nor any
of its officers, directors, employees, agents, attorneys-in-fact or affiliates has made any representations or warranties to it and that no act by the Administrative Agent or any affiliate thereof hereinafter taken, including any review of the
affairs of the Borrower, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the Administrative Agent that it has, independently and without reliance

  

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upon the Administrative Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, assets,
operations, property, financial and other conditions, prospects and creditworthiness of the Borrower and made its own decision to make its Loans hereunder and enter into this Credit Agreement. Each Lender also represents that it will, independently
and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking
action under this Credit Agreement, and to make such investigation as it deems necessary to inform itself as to the business, assets, operations, property, financial and other conditions, prospects and creditworthiness of the Borrower. Except for
(i) delivery of the Credit Documents and (ii) notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility
to provide any Lender with any credit or other information concerning the business, operations, assets, property, financial or other conditions, prospects or creditworthiness of the Borrower which may come into the possession of the Administrative
Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates. 
 11.7. Indemnification.

 Each Lender agrees to indemnify the Administrative Agent in its capacity as such (to the extent not reimbursed by the Borrower
and without limiting the obligation of the Borrower to do so), ratably according to its Loan Commitment (as in effect at the time indemnification is sought hereunder), from and against any and all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any time (including without limitation at any time following the payment of the Loans) be imposed on, incurred by or asserted against the
Administrative Agent in its capacity as such in any way relating to or arising out of this Credit Agreement or the other Credit Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or
thereby or any action taken or omitted by the Administrative Agent under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the gross negligence or willful misconduct of the Administrative Agent. If any indemnity furnished to the Administrative Agent for any purpose shall, in the
opinion of the Administrative Agent, be insufficient or become impaired, the Administrative Agent may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished. The
agreements in this Section shall survive the payment of the Loans and all other amounts payable hereunder and under the other Credit Documents. 

11.8. Administrative Agent in Its Individual Capacity. 

The Administrative Agent and its Affiliates may make loans to, issue to or participate in Letters of Credit by, accept deposits from and
generally engage in any kind of business with the Borrower as though the Administrative Agent were not Administrative Agent hereunder. With respect to the Loans made by it, the Administrative Agent shall have the same rights and powers under this
Credit Agreement as any Lender and may exercise the same as though they were not Administrative Agent, and the terms “Lender” and “Lenders” shall include the Administrative Agent in its individual capacity. 

 

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 11.9. Successor Administrative Agent. 

The Administrative Agent may, at any time, resign upon 30 days written notice to the Lenders. Upon any such resignation, the Required
Lenders shall have the right to appoint a successor Administrative Agent. If no successor Administrative Agent shall have been so appointed by the Required Lenders and shall have accepted such appointment, within 30 days after the notice of
resignation, then the retiring Administrative Agent shall select a successor Administrative Agent provided such successor is an Eligible Assignee (or if no Eligible Assignee shall have been so appointed by the retiring Administrative Agent and shall
have accepted such appointment, then the Lenders shall perform all obligations of the retiring Administrative Agent until such time, if any, as a successor Administrative Agent shall have been so appointed and shall have accepted such appointment as
provided for above). Upon the acceptance of any appointment as Administrative Agent hereunder by a successor, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations as Administrative Agent, as appropriate, under this Credit Agreement and the other Credit Documents and the provisions of this
Section 11.9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Credit Agreement. 

SECTION 12. MISCELLANEOUS 

12.1. Notices. 

Except as otherwise expressly provided herein, all notices and other communications shall have been duly given and shall be effective
(a) when delivered, (b) when transmitted via telecopy (or other facsimile device), (c) the Business Day following the day on which the same has been delivered prepaid (or pursuant to an invoice arrangement) to a reputable national
overnight air courier service, or (d) the third Business Day following the day on which the same is sent by certified or registered mail, postage prepaid, in each case to the respective parties at the address or telecopy numbers set forth on
Schedule 12.1, or at such other address as such party may specify by written notice to the other parties hereto. 
 Notices and
other communications to any Lender hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to
Section 2 unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 
  

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 12.2. Right of Set-Off; Adjustments. 

In addition to any rights now or hereafter granted under applicable law or otherwise, and not by way of limitation of any such rights,
upon the occurrence of an Event of Default by the Borrower and the commencement of remedies described in Section 10.2, each Lender is authorized at any time and from time to time, without presentment, demand, protest or other notice of any kind
(all of which rights being hereby expressly waived), to set-off and to appropriate and apply any and all deposits (general or special) and any other indebtedness at any time held or owing by such Lender (including, without limitation branches,
agencies or Affiliates of such Lender wherever located) to or for the credit or the account of the Borrower against obligations and liabilities of the Borrower to the Lenders hereunder, under the Loan Notes, the other Credit Documents or otherwise,
irrespective of whether the Administrative Agent or the Lenders shall have made any demand hereunder and although such obligations, liabilities or claims, or any of them, may be contingent or unmatured, and any such set-off shall be deemed to have
been made immediately upon the occurrence of an Event of Default even though such charge is made or entered on the books of such Lender subsequent thereto. The Borrower hereby agrees that any Person purchasing a participation in the Loans and
Commitments to it hereunder pursuant to Section 12.3(c) may exercise all rights of set-off with respect to its participation interest as fully as if such Person were a Lender hereunder. 

Except to the extent that this Credit Agreement expressly provides for payments to be allocated to a particular Lender, if any Lender (a
“Benefitted Lender”) shall receive any payment of all or part of the obligations owing to it by the Borrower under this Credit Agreement, receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off,
pursuant to events or proceedings of the nature referred to in Section 10.1(e), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the obligations owing to such
other Lender by the Borrower under this Credit Agreement, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of the obligations owing to each such other Lender, or shall provide such other
Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided, however, that if all or any
portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 

12.3. Benefit of Agreement. 

(a) Generally. This Credit Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective
successors and assigns of the parties hereto; provided that the Borrower may not assign and transfer any of its interests hereunder (except as permitted by Section 9.2) without prior written consent of the Lenders; and provided
further that the rights of each Lender to transfer, assign or grant participations in its rights and/or obligations hereunder shall be limited as set forth in this Section 12.3. 

(b) Assignments. Each Lender may assign all or a portion of its rights and obligations under this Credit Agreement (including,
without limitation, all or a portion of its Loans, its Loan Notes, and its Commitment); provided, however, that: 

(i) each such assignment shall be to an Eligible Assignee; 

 

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 (ii) each of (A) the Administrative Agent and (B) the Issuing
Lenders, shall have provided their written consent (not to be unreasonably withheld); 
 (iii) subject to the
definition of “Eligible Assignee”, the Borrower shall have provided its written consent (not to be unreasonably withheld) which consent shall not be required during the existence of a Default or Event of Default; 

(iv) any such partial assignment shall be in an amount at least equal to $10,000,000 (or, if less, the remaining amount of
the Commitment being assigned by such Lender) or an integral multiple of $5,000,000 in excess thereof; 
 (v)
each such assignment by a Lender shall be of a constant, and not varying, percentage of all of its rights and obligations under this Credit Agreement and the Loan Notes; and 

(vi) the parties to such assignment shall execute and deliver to the Administrative Agent for its acceptance an Assignment
Agreement in substantially the form of Exhibit 12.3, together with a processing fee from the assignor of $4,000. 
 Upon
execution, delivery, and acceptance of such Assignment Agreement, the assignee thereunder shall be a party hereto and, to the extent of such assignment, have the obligations, rights, and benefits of a Lender hereunder and the assigning Lender shall,
to the extent of such assignment, relinquish its rights and be released from its obligations under this Credit Agreement. Upon the consummation of any assignment pursuant to this Section 12.3(b), the assignor, the Administrative Agent and the
Borrower shall make appropriate arrangements so that, if required, new Loan Notes are issued to the assignee. If the assignee is not incorporated under the laws of the United States of America or a State thereof, it shall deliver to the Borrower and
the Administrative Agent certification as to exemption from deduction or withholding of taxes in accordance with Section 4.4. 

By executing and delivering an assignment agreement in accordance with this Section 12.3(b), the assigning Lender thereunder and the
assignee thereunder shall be deemed to confirm to and agree with each other and the other parties hereto as follows: (A) such assigning Lender warrants that it is the legal and beneficial owner of the interest being assigned thereby free and
clear of any adverse claim and the assignee warrants that it is an Eligible Assignee; (B) except as set forth in clause (A) above, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with this Credit Agreement, any of the other Credit Documents or any other instrument or document furnished pursuant hereto or thereto, or the execution, legality, validity,
enforceability, genuineness, sufficiency or value of this Credit Agreement, any of the other Credit Documents or any other instrument or document furnished pursuant hereto or thereto or the financial condition of the Borrower or the performance or
observance by the Borrower of any of its obligations under this Credit Agreement, any of the 
  

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other Credit Documents or any other instrument or document furnished pursuant hereto or thereto; (C) such assignee represents and warrants that it is legally authorized to enter into such
assignment agreement; (D) such assignee confirms that it has received a copy of this Credit Agreement, the other Credit Documents and such other documents and information as it has deemed appropriate to make its own credit analysis and decision
to enter into such assignment agreement; (E) such assignee will independently and without reliance upon the Administrative Agent, such assigning Lender or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Credit Agreement and the other Credit Documents; (F) such assignee appoints and authorizes the Administrative Agent to take such action
on its behalf and to exercise such powers under this Credit Agreement or any other Credit Document as are delegated to the Administrative Agent by the terms hereof or thereof, together with such powers as are reasonably incidental thereto; and
(G) such assignee agrees that it will perform in accordance with their terms all the obligations which by the terms of this Credit Agreement and the other Credit Documents are required to be performed by it as a Lender. 

For avoidance of doubt, the parties to this Credit Agreement acknowledge that the provisions of this Section 12.3 concerning
assignments relate only to absolute assignments and that such provisions do not prohibit assignments creating security interests, including any pledge or assignment by a Lender to any Federal Reserve Bank in accordance with applicable law.

 (c) Register. The Administrative Agent shall maintain a copy of each Assignment Agreement delivered to and accepted by
it and a register for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Loans owing to, each Lender from time to time by the Borrower (collectively, the “Register”). The
entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all
purposes of this Credit Agreement. The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice. 

(d) Acceptance. Upon its receipt of an assignment agreement executed by the parties thereto, together with any Loan Note subject
to such assignment and payment of the processing fee, the Administrative Agent shall, if such Assignment Agreement has been completed and is in substantially the form of Exhibit 12.3, (i) accept such assignment agreement, (ii) record the
information contained therein in the Register and (iii) give prompt notice thereof to the parties thereto. 
 (e)
Participations. Each Lender may sell, transfer, grant or assign participations in all or any part of such Lender’s interests and obligations hereunder; provided that (i) such selling Lender shall remain a “Lender”
for all purposes under this Credit Agreement (such selling Lender’s obligations under the Credit Documents remaining unchanged) and the participant shall not constitute a Lender hereunder, (ii) no such participant shall have, or be
granted, rights to approve any amendment or waiver relating to this Credit Agreement or the other Credit Documents except to the extent any such amendment or waiver would (A) reduce the principal of or rate of interest on or fees in respect of
any Loans in which the participant is participating, or (B) postpone the date fixed for any payment of principal (including extension of 

 

 55 

 
the Maturity Date or the date of any mandatory prepayment), interest or fees in respect of any Loans in which the participant is participating, (iii) sub-participations by the participant
(except to an Affiliate, parent company or Affiliate of a parent company of the participant) shall be permitted with the consent of the Borrower (which, in each case, shall not be unreasonably withheld or delayed and shall not be required during the
existence of a Default or Event of Default), and (iv) any such participations shall be in a minimum aggregate amount of $10,000,000 of the Loan Commitment and in integral multiples of $2,500,000 in excess thereof. In the case of any such
participation, the participant shall not have any rights under this Credit Agreement or the other Credit Documents (the participant’s rights against the selling Lender in respect of such participation to be those set forth in the participation
agreement with such Lender creating such participation) and all amounts payable by the Borrower hereunder shall be determined as if such Lender had not sold such participation; provided, however, that such participant shall be entitled
to receive additional amounts under Section 4 to the same extent that the Lender from which such participant acquired its participation would be entitled to the benefit of such cost protection provisions. 

(f) Payments. No Eligible Assignee, participant or other transferee of any Lender’s rights shall be entitled to receive any
greater payment under Section 4 than such Lender would have been entitled to receive with respect to the rights transferred, unless such transfer is made with the Borrower’s written consent. 

(g) Nonrestricted Assignments. Notwithstanding any other provision set forth in this Credit Agreement, any Lender may at any time
assign and pledge all or any portion of its Loans and its Loan Notes to any Federal Reserve Bank as collateral security pursuant to Regulation A and any operating circular issued by such Federal Reserve Bank. No such assignment shall release the
assigning Lender from its obligations hereunder. 
 (h) Information. Any Lender may furnish any information concerning
the Borrower or any of its Subsidiaries in the possession of such Lender from time to time to assignees and participants (including prospective assignees and participants) who is notified of the confidential nature of the information and agrees to
use its reasonable best efforts to keep confidential all non-public information from time to time supplied to it. 
 12.4. No
Waiver; Remedies Cumulative. 
 No failure or delay on the part of the Administrative Agent or any Lender in exercising any
right, power or privilege hereunder or under any other Credit Document and no course of dealing between the Borrower and the Administrative Agent or any Lender shall operate as a waiver thereof; nor shall any single or partial exercise of any right,
power or privilege hereunder or under any other Credit Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder or thereunder. The rights and remedies provided herein are cumulative and
not exclusive of any rights or remedies which the Administrative Agent or any Lender would otherwise have. No notice to or demand on the Borrower in any case shall entitle the Borrower to any other or further notice or demand in similar or other
circumstances or constitute a waiver of the rights of the Administrative Agent or the Lenders to any other or further action in any circumstances without notice or demand. 
  

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 12.5. Payment of Expenses, etc. 

The Borrower agrees to: (a) pay all reasonable out-of-pocket costs and expenses of (i) the Administrative Agent and the Lead
Arrangers in connection with the negotiation, preparation, execution and delivery and administration of this Credit Agreement and the other Credit Documents and the documents and instruments referred to therein (including, without limitation, the
reasonable fees and expenses of outside legal counsel to the Administrative Agent) and any amendment, waiver or consent relating hereto and thereto including, but not limited to, any such amendments, waivers or consents resulting from or related to
any work-out, renegotiation or restructure relating to the performance by the Borrower under this Credit Agreement and (ii) of the Administrative Agent, the Lead Arrangers and the Lenders in connection with enforcement of the Credit Documents
and the documents and instruments referred to therein (including, without limitation, in connection with any such enforcement, the reasonable fees and disbursements of outside counsel for the Administrative Agent and each of the Lenders) against the
Borrower; and (b) indemnify the Administrative Agent, the Lead Arrangers and each Lender and its Affiliates, their respective officers, directors, employees, representatives, and agents from and hold each of them harmless against any and all
losses, liabilities, claims, damages or expenses incurred by any of them as a result of, or arising out of, or in any way related to, or by reason of, any investigation, litigation or other proceeding (whether or not the Administrative Agent, the
Lead Arrangers or any Lender and its Affiliates is a party thereto) related to the entering into and/or performance of any Credit Document or the use of proceeds of any Loans (including other extensions of credit) hereunder or the consummation of
any other transactions contemplated in any Credit Document by the Borrower, including, without limitation, the reasonable fees and disbursements of outside counsel incurred in connection with any such investigation, litigation or other proceeding
(but excluding any such losses, liabilities, claims, damages or expenses to the extent incurred by reason of gross negligence or willful misconduct on the part of the Person to be indemnified). 

12.6. Amendments, Waivers and Consents. 

Neither this Credit Agreement nor any other Credit Document nor any of the terms hereof or thereof may be amended, changed, waived,
discharged or terminated unless such amendment, change, waiver, discharge or termination is in writing and signed by the Required Lenders and the Borrower; provided that no such amendment, change, waiver, discharge or termination shall
without the consent of each Lender affected thereby: 
 (a) extend the Maturity Date; 

(b) reduce the rate or extend the time of payment of interest (other than as a result of waiving the applicability of any post-default
increase in interest rates) with respect to any Loan, any Reimbursement Obligation or fees hereunder; 
 (c) reduce or forgive
the principal amount of any Loan or any Reimbursement Obligation; 
 (d) extend the Commitment of a Lender beyond the Maturity
Date or increase the Commitment of a Lender over the amount thereof in effect (it being understood and agreed that a waiver of any Default or Event of Default or a waiver of any mandatory reduction in the Commitments shall not constitute a change in
the terms of any Commitment of any Lender); 
  

 57 

 (e) release the Borrower from its obligations under the Credit Documents or consent to the
transfer or assignment of such obligations; 
 (f) amend, modify or waive any provision of this Section or Section 3.3,
3.6, 3.8, 10.1(a), 11.7, 12.2, 12.3 or 12.5; 
 (g) reduce any percentage specified in, or otherwise modify, the definition of
Required Lenders; or 
 (h) release all or substantially all of any cash collateral while any Letters of Credit or Reimbursement
Obligations remain outstanding. 
 Notwithstanding the above, no provisions of (a) Section 11 may be amended or modified without the
consent of the Administrative Agent and (b) Section 5 may be amended or modified without the consent of each Issuing Lender. 

Notwithstanding the fact that the consent of all the Lenders is required in certain circumstances as set forth above, each Lender is
entitled to vote as such Lender sees fit on any reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersede the unanimous consent provisions set forth herein.

 12.7. Counterparts; Telecopy. 

This Credit Agreement may be executed in any number of counterparts, each of which where so executed and delivered shall be an original,
but all of which shall constitute one and the same instrument. It shall not be necessary in making proof of this Credit Agreement to produce or account for more than one such counterpart. Delivery of executed counterparts by facsimile shall be
effective as an original and shall constitute a representation that an original will be delivered. 
 12.8. Headings.

 The headings of the sections and subsections hereof are provided for convenience only and shall not in any way affect the
meaning or construction of any provision of this Credit Agreement. 
 12.9. Defaulting Lender. 

Each Lender understands and agrees that if such Lender is a Defaulting Lender then it shall not be entitled to vote on any matter
requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting
Lender. 
  

 58 

 12.10. Survival of Indemnification and Representations and Warranties. 

All indemnities set forth herein and all representations and warranties made herein shall survive the execution and delivery of this
Credit Agreement, the making of the Loans, and the repayment of the Loans and other obligations and the termination of the Commitments hereunder. 

12.11. GOVERNING LAW. 

THIS CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE
GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. The Borrower irrevocably consents to the service of process out of any competent court in any action or proceeding brought in connection with this
Credit Agreement by the mailing of copies thereof by registered or certified mail, postage prepaid, to it at its address for notices pursuant to Section 12.1, such service to become effective 30 days after such mailing. Nothing herein shall
affect the right of a Lender to serve process in any other manner permitted by law. 
 12.12. WAIVER OF JURY
TRIAL. 
 EACH OF THE PARTIES TO THIS CREDIT AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY
ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT, ANY OF THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

12.13. Severability. 

If any provision of any of the Credit Documents is determined to be illegal, invalid or unenforceable, such provision shall be fully
severable and the remaining provisions shall remain in full force and effect and shall be construed without giving effect to the illegal, invalid or unenforceable provisions. 

12.14. Entirety. 

This Credit Agreement together with the other Credit Documents represent the entire agreement of the parties hereto and thereto, and
supersede all prior agreements and understandings, oral or written, if any, including any commitment letters or correspondence relating to the Credit Documents or the transactions contemplated herein and therein. 

12.15. Binding Effect. 

This Credit Agreement shall become effective at such time (the “Effective Date”) when all of the conditions set forth in
Section 6.1 have been satisfied or waived by the Lenders and this Credit Agreement shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies (telefaxed or otherwise) which,
when taken together, bear the signatures of each Lender, and thereafter this Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and permitted
assigns. 
  

 59 

 12.16. Submission to Jurisdiction. 

The Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme
Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Credit
Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State
or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any
other manner provided by law. Nothing in this Credit Agreement shall affect any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Credit Agreement against the Borrower or its
properties in the courts of any jurisdiction. The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any
suit, action or proceeding arising out of or relating to this Credit Agreement in any court referred to above. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court. The Borrower also hereby irrevocably and unconditionally waives any right it may have to claim or recover in any legal action or proceeding referred to in this Section any special,
exemplary, punitive or consequential damages. 
 12.17. Confidentiality. 

Each of the Administrative Agent and each Lender agrees to keep confidential all non-public information provided to it by the Borrower pursuant to this
Credit Agreement that is designated by the Borrower as confidential; provided that nothing herein shall prevent the Administrative Agent or any Lender from disclosing any such information (a) to the Administrative Agent, any other Lender
or any of its Affiliates, (b) subject to an agreement to comply with the provisions of this Section, to any actual or prospective Assignee or participant, (c) to its employees, directors, agents, attorneys and accountants or those of any
of its affiliates, (d) upon the request or demand of any Governmental Authority, (e) in response to any order of any court or other Governmental Authority or as may otherwise be required pursuant to any requirement of law, (f) if
required to do so in connection with any litigation or similar proceeding, (g) that has been publicly disclosed, (h) to the National Association of Insurance Commissioners or any similar organization or any nationally recognized rating
agency that requires access to information about a Lender’s investment portfolio in connection with ratings issued with respect to such Lender, or (i) in connection with the exercise of any remedy hereunder or under any other Credit
Document. 
  

 60 

 12.18. Designation of SPVs. 

Notwithstanding anything to the contrary contained herein, any Lender, (a “Granting Lender”) may grant to a special
purpose funding vehicle (an “SPV”), identified as such in writing from time to time by such Granting Lender to the Administrative Agent and the Borrower, the option to fund all or any part of any Loan that such Granting Lender would
otherwise be obligated to fund pursuant to this Credit Agreement; provided that (i) nothing herein shall constitute a commitment by any SPV to fund any Loan, (ii) if an SPV elects not to exercise such option or otherwise fails to
fund all or any part of such Loan, the Granting Lender shall be obligated to fund such Loan pursuant to the terms hereof, (iii) no SPV shall have any voting rights pursuant to Section 12.6 and (iv) with respect to notices, payments
and other matters hereunder, the Borrower, the Administrative Agent and the Lenders shall not be obligated to deal with an SPV, but may limit their communications and other dealings relevant to such SPV to the applicable Granting Lender. The funding
of a Loan by an SPV hereunder shall utilize the Loan Commitment of the Granting Lender to the same extent that, and as if, such Loan were funded by such Granting Lender. 

As to any Loans or portion thereof made by it, each SPV shall have all the rights that its applicable Granting Lender making such Loans
or portion thereof would have had under this Credit Agreement; provided, however, that each SPV shall have granted to its Granting Lender an irrevocable power of attorney, to deliver and receive all communications and notices under
this Credit Agreement (and any related documents) and to exercise on such SPV’s behalf, all of such SPV’s voting rights under this Credit Agreement. No additional Loan Note shall be required to evidence the Loans or portion thereof made by
an SPV; and the related Granting Lender shall be deemed to hold its Loan Note as agent for such SPV to the extent of the Loans or portion thereof funded by such SPV. In addition, any payments for the account of any SPV shall be paid to its Granting
Lender as agent for such SPV. 
 Each party hereto hereby agrees that no SPV shall be liable for any indemnity or payment under
this Credit Agreement for which a Lender would otherwise be liable for so long as, and to the extent, the Granting Lender provides such indemnity or makes such payment. In furtherance of the foregoing, each party hereto hereby agrees (which
agreements shall survive the termination of this Credit Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPV, it will not institute
against, or join any other person in instituting against, such SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. 

In addition, notwithstanding anything to the contrary contained in this Credit Agreement, any SPV may (i) at any time and without
paying any processing fee therefor, assign or participate all or a portion of its interest in any Loans to the Granting Lender or to any financial institutions providing liquidity and/or credit support to or for the account of such SPV to support
the funding or maintenance of Loans and (ii) disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity
enhancements to such SPV. This Section 12.18 may not be amended without the written consent of any Granting Lender affected thereby. 
  

 61 

 12.19. USA PATRIOT Act. 

Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed
into law October 26, 2001) (the “Act”)), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such
Lender to identify the Borrower in accordance with the Act. 
 12.20. Restatement. 

On and following the Effective Date, this Credit Agreement shall be deemed to amend, restate and consolidate the Original Credit Agreement
without impairment of any of the obligations thereunder. On and following the Effective Date, all of the Lenders listed on the signature pages hereto shall have the rights and obligations of Lenders hereunder. Prior to the Effective Date and
notwithstanding the execution and delivery of this Credit Agreement, the rights and obligations of the parties thereto under the Original Credit Agreement shall be as set forth in the Original Credit Agreement. 

[Remainder of Page Intentionally Blank] 

 

 62 

 

 

  
 Each of the
parties hereto has caused a counterpart of this Credit Agreement to be duly executed and delivered as of the date first above written. 

CONSOLIDATED NATURAL GAS COMPANY, as the Borrower 

 
 By: 

Name: 

James P. Carney 
  

Title: 

Assistant Treasurer 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 BARCLAYS BANK
PLC 
 (Main Office: New York, New York), 

as Administrative Agent, a Syndication Agent, an 

Issuing Lender and a Lender 

By: 

Name: 

Gary B. Wenslow 

Title: 

Associate Director 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 KEYBANK
NATIONAL ASSOCIATION, as a Syndication Agent, an Issuing Lender and as a Lender 
 By: 

Name: 

Sherrie I. Manson 

Title: 

Senior Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 ABN AMRO BANK
N.V., as Co-Documentation Agent and as a Lender 
 By: 

Name: 

John D.Reed 

Title: 

Director 

By: 

Name: 

Todd D. Vaubel 

Title: 

Assistant Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 SUNTRUST BANK,
as a Lender 
 By: 

Name: 

Mark A. Flatin 

Title: 

Managing Director 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 THE BANK OF
NOVA SCOTIA, as Co-Documentation Agent and as a Lender 
 By: 

Name: 

Thane Rattew 

Title: 

Managing Director 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 S-9 

BNP PARIBAS, as a Under 
  

By: 

Name 

: 
  

Title: 

By: 

Name: Name: 
  

Title: 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 THE BANK OF
TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH (successor by merger to UFJ Bank Limited), as a Lender 
  

By: 

Name: 

Linda Tam 
  

Title: 

Authorized Signatory 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 THE BANK OF
TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH (formerly known as The Bank of Tokyo-Mitsubishi, Ltd., New York Branch), as a Lender 
  

By: 

Name: 

Linda Tam 
  

Title: 

Authorized Signatory 

Amended and Restated 5 Year Credit Agreement 

 

 

  

	

 DRESDNER BANK AG, NEW YORK AND GRAND CAYMAN BRANCHES, as a
Lender 
  
 By: 

Name: 

Brian M. Smith 
  

Title: 

Managing Director 

By: 

Name: 

Thomas R. Brady 
  

Title: 

Director 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 BAYERISCHE
LANDESBANK CAYMAN ISLANDS BRANCH, as a Lender 
  

By: 

Name: 

John Gregory 
  

Title: 

Vice President 

By: 

Name: 

Gerard Machado 
  

Title: 

Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 BAYERISCHE
HYPO- UND VEREINSBANK AQ NEW YORK BRANCH, as a Lender 
 By: 

Name: 

William W. Hunter 

Director 

By: 

Name: 

Shannon Batchman 

Title: 

Director 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 MIZUHO
CORPORATE BANK (USA), as a Lender 
 By: 

Name: 

Raymond Ventura 

Title: 

Senior Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 PNC BANK,
NATIONAL ASSOCIATION, as a Lender 
 By: 

Name: 

Thomas A. Majeski 

Title: 

Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 SUMITOMO MITSUI
BANKING 
  
 By: 

Name: 

Masakazu Hasegawa Joint General Manager 
  

Title: 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 WACHOVIA BANK,
NA as a Lender 

	 By:
	 

	

	

	 Name:
	 Lawrence P. Sullivan Title Director 

	 Amended
	 and Restated 5 Year Credit Agreement 

 

 

  
 DEUTSCHE BANK
AG NEW YORK BRANCH, as a Lender 
 By: 

Name: Marcus Tarkington Title: Director 

By: 

Name: Rainer Meier Title: Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 BRANCH
BANKING & TRUST COMPANY OF VIRGINIA, as a Lender 
 By: 

Name: Susan M. Raher Title: Senior Vice President 

 

 

  
 FORTIS CAPITAL
CORP., as a Lender 
  
 By: 

Name: Paul Naumann Title: Managing Director 

By: 

Name:Floris Lyppens Title: Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 THE ROYAL BANK
OF SCOTLAND plc, as a Lender 
 By: 

Name; Emily Freedman Title: Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 CITIBANK N.A.,
as a Lender 
 By: 

Name: Stuart Murray STUART J, MURRAY Title: Director Director 388 Greenwich
Street/21stFL/NYC (212)816-8597 
 Amended and Restated 5 Year Credit Agreement 

 

 

  
 JPMORGAN CHASE
BANK, N.A, as a Lender 
 By: 

Name: Michael J. DeForge Title: Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 KBC BANK N.V.,
as a Lender 
 By: 

By: 

Name: JEAN-PIERRE DIELS Title: First Vice president 

Name: ERIC RASKIN 

Title: VICE PRESIDENT 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 MELLON BANK,
N.A., as a Lender 
 By: 

Name: Mark W, Rogers Title: Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  

	 BANK
	 HAPOALIM B.M., as a Lender 

	 By:
	 

	

	

	 Name:
	 MarcBofc Title: Vice President 

	 i
	 

	 By:
	 

	

	

	 Name:
	 Lenroy Hackett Title: First Vice President 

	 Amended
	 and Restated 5 

	 Year
	 Credit Agreement 

 

 

  
 THE NORINCHUKTN
BANK, NEW YORK BRANCH, as a Lender 
 By: 

Name: Toshifumi Tsukitani Title: GeneralManager 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 BANK LEUMI USA,
as a Lender 
 By: 

Name: Joung Hee Hong Title: Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 THE BANK OF NEW
YORK, as a Lender 
 By: 

Name:JohnWatt Title: Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 MALAYAN BANKING
BERHAD 
 By: 

Name: Fauzi Zulkifli Title: General Manager 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 THE NORTHERN
TRUST COMPANY, as a Lender 
 By: 

Name: Karen Dahl Title: Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 U.S. BANK
NATIONAL ASSOCIATION, as a Lender 
 By: 

Name: Eric Cosgrove Title: Assistant Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 FIRST
COMMERCIAL BANK, LOS ANGELES BRANCH, as a Lender 
 By: 

Name: Chih-Tiao Shih Title: Senior Assistant Vice President & Deputy General Manager 

Amended and Restated J Year Credit Agreement 

 

 

  
 SAN PAOLO IMI
S.P.A. as a Lender 
 By: 

By: 

Name: Renato Carducci Title: General Manager 

Name: Glen Binder Title: Vice President 

Amended and Restated 5 Year Credit Agreement 

 

 

  
 COMMERZBANK AG,
NEW YORK AND GRAND CAYMAN BRANCHES, as 
 a Departing Lender 

By: 

Name: Title: 

By: 

Andrew Campbell Senior Vice President 

Name: Title: 

Andrew Kjoller Vice President 

 

 

  
 The undersigned
Departing Lender hereby acknowledges and agrees that, from and after the Effective Date, it is no longer a party to the Original Credit Agreement. 

WESTLB AG, NEW YORK BRANCH, as 

a Departing Lender 

By: 

Name: Title: 

By 

Felicia La Forgia Director 

Name; Title: 

Anthony Alessandro Associate Director 

 

 

  
 The undersigned
Departing Lender hereby acknowledges and agrees that, from and after the Effective Date, it is no longer a party to the Original Credit Agreement, 

THE INTERNATIONAL COMMERCIAL BANK OF CHINA, as a 

Departing Lender 

By: 

Name: Title: 

NAE-YEE LUNG EVP & GENERAL MANAGER 

 

 

  
 The undersigned
Departing Lender hereby acknowledges and agrees that, from and after the Effective Date, it is no longer a party to the Original Credit Agreement. 

ABU DHABI INTERNATIONAL BANK, INC., as a Departing Lender 

By: 

Name: Title: 

David d.Young Nagy S.Kolto 

Vice President Exececutive Vice President 

 SCHEDULE 1.1 

COMMITMENT PERCENTAGES 
  

							
	LENDER	  	COMMITMENT	 	  	  	PERCENTAGE
	
BARCLAYS BANK PLC
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
KEYBANK NATIONAL ASSOCIATION
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
ABN AMRO BANK N.V.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
THE BANK OF NOVA SCOTIA
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
SUNTRUST BANK
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
BNP PARIBAS
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
DRESDNER BANK AG, NEW YORK AND GRAND CAYMAN BRANCHES

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
BAYERISCHE LANDESBANK CAYMAN ISLAND BRANCH

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
MIZUHO CORPORATE BANK, LTD.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
PNC BANK, NATIONAL ASSOCIATION

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
SUMITOMO MITSUI BANKING CORPORATION

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
WACHOVIA BANK, NATIONAL ASSOCIATION

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
BRANCH BANKING & TRUST COMPANY OF VIRGINIA

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
DEUTSCHE BANK AG NEW YORK BRANCH

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
FORTIS CAPITAL CORP.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
THE ROYAL BANK OF SCOTLAND plc

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
CITIBANK, N.A.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
KBC BANK N.V.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
MELLON BANK, N.A.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
BANK HAPOALIM B.M.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
THE NORINCHUKIN BANK, NEW YORK BRANCH

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
BANK LEUMI USA
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
THE BANK OF NEW YORK
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
MALAYAN BANKING BERHAD
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
THE NORTHERN TRUST COMPANY
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
U.S. BANK NATIONAL ASSOCIATION

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
FIRST COMMERCIAL BANK, LOS ANGELES BRANCH

 
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
SAN PAOLO IMI S.P.A.
  
	  	[CONFIDENTIAL]*	 	 	  	[CONFIDENTIAL]*
	
TOTAL
  
	  	$1,700,000,000	 	 	  	100.000%

 

	*	Confidential treatment has been requested for the redacted portions of this agreement pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. The
confidential, redacted portions have been filed separately with the United States Securities and Exchange Commission. 

 SCHEDULE 5.1 

EXISTING LETTERS OF CREDIT 
  

								
	 L/C No.
	  	 Issuing Bank
	  	Current Amount	  	 Beneficiary

	 SB00201
	  	Barclays	  	$	1,000,000	  	Morgan Stanley
	 F841780
	  	SunTrust	  	$	1,000,000	  	Morgan Stanley
	 S309402
	  	KeyBank	  	$	232,000,000	  	Deutsche Bank
	 S309551
	  	KeyBank	  	$	1,000,000	  	Morgan Stanley
	 S310201
	  	KeyBank	  	$	9,000,000	  	Bank of America
	 S310649
	  	KeyBank	  	$	43,000,000	  	Barclays Bank PLC
	 F847141
	  	SunTrust	  	$	1,000,000	  	Barclays Bank PLC
	 SB00407
	  	Barclays	  	$	7,000,000	  	Sempra
	 SB00434
	  	Barclays	  	$	250,000,000	  	ABN Amro
	 F847670
	  	SunTrust	  	$	161,000,000	  	ABN Amro
	 F847193
	  	SunTrust	  	$	24,000,000	  	ABN Amro
	 F847194
	  	SunTrust	  	$	1,000,000	  	ABN Amro
	 F847712
	  	SunTrust	  	$	100,000,000	  	Citibank
		  		  	 	 	  	
		  		  	$	831,000,000	  	
		  		  	 	 	  	

 SCHEDULE 7.8 

INDEBTEDNESS 

Approximately $209 million in commercial paper issued by Consolidated Natural Gas Company and outstanding as of February 28, 2006.

 Approximately $2,408 million in affiliated current borrowings (money pool borrowings) by Consolidated Natural Gas Company
and/or its consolidated subsidiaries and outstanding as of February 28, 2006. 
 Approximately $3,648 million in long-term
debt (including securities due within one year) issued by Consolidated Natural Gas Company and/or its consolidated subsidiaries and outstanding as of February 28, 2006. 

 SCHEDULE 12.1 

LIST OF NOTICES 
  

			
	 CONSOLIDATED NATURAL GAS COMPANY
	 	Fax: (804) 819-2211
	 James Carney
	 	
	 Assistant Treasurer
	 	
	 Consolidated Natural Gas Company
	 	
	 120 Tredegar Street
	 	
	 Richmond, Virginia 23219
	 	
		
	 BARCLAYS BANK PLC
	 	Fax: (212) 412-7551
	 David E. Barton
	 	
	 Barclays Capital
	 	
	 200 Park Avenue
	 	
	 New York, New York 10166
	 	
		
	 KEYBANK NATIONAL ASSOCIATION
	 	Fax: (216) 689-4981
	 Sherrie Manson
	 	
	 KeyBank National Association
	 	
	 127 Public Square
	 	
	 Mail Code: OH-01-27-0623
	 	
	 Cleveland, Ohio 44114
	 	
		
	 ABN AMRO BANK N.V.
	 	Fax: (832) 681-7141
	 Stephanie Casas
	 	
	 ABN AMRO Bank N.V.
	 	
	 4400 Post Oak Parkway, Suite 1500
	 	
	 Houston, Texas 77027-3414
	 	
		
	 THE BANK OF NOVA SCOTIA
	 	Fax: (212) 225-5480
	 Thane Rattew
	 	
	 Scotia Capital
	 	
	 One Liberty Plaza,
26th Floor
	 	
	 New York, New York 10006
	 	
		
	 SUNTRUST BANK
	 	Fax: (804) 782-5818
	 Mark Flatin
	 	
	 SunTrust
	 	
	 Corporate & Investment Banking
	 	
	 919 East Main Street,
22nd Floor
	 	
	 Richmond, Virginia 23219
	 	

			
	BNP PARIBAS	  	Fax: (212) 841-2052
	Jason Birn	  	
	BNP Paribas	  	
	Energy Commodities Export Project	  	
	787 Seventh Avenue, 31st
Floor	  	
	New York, New York 10019	  	
		
	 THE BANK OF TOKYO-MITSUBISHI UJF, LTD.,

NEW YORK BRANCH
	  	Fax: (212) 782-6440
	Linda Tam	  	
	Vice President	  	
	The Bank of Tokyo-Mitsubishi UJF Trust Company	  	
	1251 Avenue of the Americas, 12th
Floor	  	
	New York, New York 10020-1104	  	
		
	 THE BANK OF TOKYO-MITSUBISHI UJF, LTD.,

NEW YORK BRANCH
	  	Fax: (212) 782-6440
	Linda Tam	  	
	Vice President	  	
	The Bank of Tokyo-Mitsubishi UJF Trust Company	  	
	1251 Avenue of the Americas, 12th
Floor	  	
	New York, New York 10020-1104	  	
		
	 DRESDNER BANK AG, NEW YORK AND

GRAND CAYMAN BRANCHES
	  	Fax: (212) 895-1560
	Thomas R. Brady	  	
	1301 Avenues of the Americas	  	
	New York, New York 10019	  	
		
	 BAYERISCHE LANDESBANK
 CAYMAN
ISLANDS BRANCH
	  	Fax: (212) 230-9166
	John Gregory	  	
	Vice President	  	
	Bayerische Landesbank	  	
	560 Lexington Avenue	  	
	New York, New York 10022	  	
		
	 BAYERISCHE HYPO- UND VEREINSBANK AG,

NEW YORK BRANCH
	  	Fax: (212) 672-5530
	William Hunter	  	
	150 East 42nd
Street	  	
	New York, New York 10017	  	

			
	MIZUHO CORPORATE BANK, LTD.	 	Fax: (212) 282-4488
	Raymond Ventura	 	
	Mizuho Corporate Bank, Ltd.	 	
	1251 Avenue of the Americas	 	
	New York, New York 10020	 	
		
	PNC BANK, NATIONAL ASSOCIATION	 	Fax: (412) 768-9259
	Thomas Majeski	 	
	PNC Bank National Association	 	
	One PNC Plaza	 	
	249 Fifth Avenue	 	
	Pittsburgh, Pennsylvania 15222	 	
		
	SUMITOMO MITSUI BANKING CORPORATION	 	Fax: (212) 224-5222
	Joana Bekerman	 	
	SMBC	 	
	277 Park Avenue, 6th
Floor	 	
	New York, New York 10172	 	
		
	WACHOVIA BANK, NATIONAL ASSOCIATION	 	Fax: (704) 374-6647
	Lawrence P. Sullivan	 	
	301 South College Street	 	
	TW-15, NC-5562	 	
	Charlotte, North Carolina 28288-5562	 	
		
	BRANCH BANKING & TRUST COMPANY OF VIRGINIA	 	Fax: (804) 787- 1240
	Susan M. Raher	 	
	BB&T of Virginia	 	
	823 East Main Street, 9th
Floor	 	
	Richmond, Virginia 23219	 	
		
	DEUTSCHE BANK AG NEW YORK BRANCH	 	Fax: (832) 239-4693
	Russell Johnson	 	
	Director	 	
	Deutsche Bank AG	 	
	700 Louisiana Street, Floor 15	 	
	Houston, Texas 77002	 	
		
	FORTIS CAPITAL CORP.	 	Fax: (212) 340-5390
	Floris Lyppens	 	
	Fortis Capital Corp.	 	
	520 Madison Avenue	 	
	New York, New York 10022	 	

			
	THE ROYAL BANK OF SCOTLAND plc	  	Fax: (212) 401-3456
	Emily Freedman	  	
	The Royal Bank of Scotland plc	  	
	101 Park Avenue	  	
	New York, New York 10178	  	
		
	CITIBANK, N.A.	  	Fax: (212) 816-8098
	Amit Vasani	  	
	Citigroup	  	
	388 Greenwich St., 21st
Floor	  	
	New York, New York 10013	  	
		
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION 	  	Fax: (212) 270-3897
	Peter Ling	  	
	JPMorgan Chase Bank, National Association	  	
	Global Power & Utilities	  	
	270 Park Ave, 4th
Floor	  	
	New York, New York 10017-2070	  	
		
	KBC BANK N.V.	  	Fax: (404) 584-5465
	Jackie Brunetto	  	
	Vice President	  	
	KBC Bank N.V.	  	
	245 Peachtree Center Avenue, Suite 2550	  	
	Atlanta, Georgia 30303	  	
		
	MELLON BANK, N.A.	  	Fax: (412) 236-1840
	Mark W. Rogers	  	
	Mellon Bank, N.A.	  	
	One Mellon Center	  	
	Room 151-4530	  	
	Pittsburgh, Pennsylvania 15258-0001	  	
		
	BANK HAPOALIM B.M.	  	Fax: (212) 782-2382
	Marc Bosc	  	
	Vice President	  	
	Bank Hapoalim USA	  	
	1177 Avenue of Americas	  	
	New York, New York 10036	  	
		
	THE NORINCHUKIN BANK, NEW YORK BRANCH	  	Fax: (212) 697-5754
	Kenji Kawashima	  	
	The Norinchukin Bank, New York Branch	  	
	245 Park Ave, 29th
Floor	  	
	New York, New York 10167-0104	  	

			
	BANK LEUMI USA	  	Fax: (212) 407-4317
	Jong Hee Hong	  	
	Bank Leumi USA	  	
	562 Fifth Avenue	  	
	New York, New York 10036	  	
		
	THE BANK OF NEW YORK	  	Fax: (212) 635-7923
	John Watt	  	
	Vice President	  	
	The Bank of New York	  	
	One Wall Street, 19th
Floor	  	
	New York, New York 10286	  	
		
	MALAYAN BANKING BERHAD	  	Fax: (212) 308-0109
	Lawrence Kim	  	
	400 Park Avenue, 9th
Floor	  	
	New York, New York 10022	  	
		
	THE NORTHERN TRUST COMPANY	  	Fax: (312) 444-4906
	Cliff Hoppe	  	
	The Northern Trust Company	  	
	50 South LaSalle Street	  	
	Floor L-8	  	
	Chicago, Illinois 60675	  	
		
	U.S. BANK NATIONAL ASSOCIATION	  	Fax: (513) 632-2068
	Eric Cosgrove	  	
	U.S. Bank, National Association	  	
	US Bank Tower	  	
	425 Walnut Street, 8th
Floor	  	
	ML CN-OH W8	  	
	Cincinnati, OH 45202	  	
		
	FIRST COMMERCIAL BANK, LOS ANGELES BRANCH 	  	Fax: (213) 362-0219
	Josephine Chong	  	
	First Commercial Bank, LA Branch	  	
	515 South Flower Street Suite 1050	  	
	Los Angeles, California 90071	  	
		
	SAN PAOLO IMI S.P.A.	  	Fax: (212) 692-3178
	Glen Binder	  	
	SanPaolo IMI S.p.A. – New York Branch	  	
	245 Park Avenue	  	
	New York, New York 10167	  	

 Exhibit 2.2(a) 

FORM OF NOTICE OF BORROWING 

Pursuant to subsection 6.2(a) of the Amended and Restated Five-Year Credit Agreement, dated as of February 28, 2006 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Consolidated Natural Gas Company, a Delaware corporation (the “Borrower”), the Lenders and Issuing Lenders from time to time
parties thereto and Barclays Bank PLC, as Administrative Agent thereunder, the Borrower hereby delivers this Notice of Borrowing. 

The Borrower hereby requests that a [Eurodollar / Base Rate] Loan be made in the aggregate principal amount of
             on              , 20      [with an Interest Period of
     [days] [months]. 
 The undersigned hereby certifies as follows: 

(a) The representations and warranties made by the Borrower in or pursuant to the Credit Documents are true and correct in
all material respects on and as of the date hereof with the same effect as if made on the date hereof; provided that the representation and warranty set forth in clause (ii) of the second paragraph of subsection 7.6 of the Credit
Agreement need not be true and correct as a condition to the making of any Loans or the issuance, renewal or participations in any Letter of Credit made after the Closing Date; and 

(b) No Default or Event of Default has occurred and is continuing on the date hereof or after giving effect to the Loans
and other extensions of credit requested to be made on such date. 
 Capitalized terms used herein and not defined herein shall
have the meanings given to them in the Credit Agreement. 
 The Borrower agrees that if prior to the time of the borrowing
requested hereby any matter certified to herein by it will not be true and correct in all material respects at such time as if then made, it will immediately so notify the Administrative Agent. Except to the extent, if any, that prior to the time of
the borrowing requested hereby the Administrative Agent shall receive written notice to the contrary from the Borrower, each matter certified to herein shall be deemed once again to be certified as true and correct in all material respects at the
date of such borrowings as if then made. 

 Please wire transfer the proceeds of the borrowing as directed by the Borrower on the
attached Schedule 1. 
 The Borrower has caused this Notice of Borrowing to be executed and delivered, and the
certification and warranties contained herein to be made, by its [Treasurer] this      day of             , 20    . 

 

			
	 CONSOLIDATED NATURAL GAS COMPANY

		
	By:	 	  

	Name:	 	
	Title:	 	

 Exhibit 2.2(c) 

FORM OF NOTICE OF CONVERSION/CONTINUATION 

Pursuant to subsection 2.2(c) of the Amended and Restated Five-Year Credit Agreement, dated as of February 28, 2006 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Consolidated Natural Gas Company, a Delaware corporation (the “Borrower”), the Lenders and Issuing Lenders from time to time
parties thereto and Barclays Bank PLC, as Administrative Agent thereunder, this represents the Borrower’s request to convert or continue Loans as follows: 
  

	 	1.	Date of conversion/continuation:                     

  

	 	2.	Amount of Loans being converted/continued: $             

 

	 	3.	Type of Loans being converted/continued: 

  

	 	 ̈	a.        Eurodollar Loans 

	 	 ̈	b.        Base Rate Loans 

  

	 	4.	Nature of conversion/continuation: 

  

	 	 ̈	a.        Conversion of Base Rate Loans to Eurodollar Loans 

	 	 ̈	b.        Conversion of Eurodollar Loans to Base Rate Loans 

	 	 ̈	c.        Continuation of Eurodollar Loans as such 

 

	 	5.	Interest Periods: 

 If Loans are
being continued as or converted to Eurodollar Loans, the duration of the new Interest Period that commences on the conversion/ continuation date:
                     month(s). 

In the case of a conversion to or continuation of Eurodollar Loans, the undersigned officer, to the best of his or her knowledge, on
behalf of the Borrower, certifies that no Default or Event of Default has occurred and is continuing under the Credit Agreement. 

 Capitalized terms used herein and not defined herein shall have the meanings given to them
in the Credit Agreement. 
  

							
	DATED:	 		 	 CONSOLIDATED NATURAL GAS COMPANY

				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

  

 2 

 Exhibit 2.6(a) 

FORM OF LOAN NOTE 
  

			
	$            	  	New York, New York

              ,
         
 FOR VALUE RECEIVED, the undersigned, CONSOLIDATED NATURAL GAS
COMPANY, a Delaware corporation, hereby unconditionally promises to pay on the Maturity Date to the order of: 
 (the “Lender”) at the
office of Barclays Bank PLC, 200 Park Avenue, New York, New York 10166, in lawful money of the United States of America and in immediately available funds, the lesser of
(a)                      DOLLARS ($            ) and (b) the
aggregate unpaid principal amount of all Loans made by the Lender to the undersigned pursuant to subsection 2.1 of the Credit Agreement referred to below. The undersigned further agrees to pay interest in like money at such office on the unpaid
principal amount hereof from time to time outstanding at the rates per annum and on the dates specified in subsection 3.1 of the Credit Agreement, until paid in full (both before and after judgment to the extent permitted by law). The holder of this
Loan Note is hereby authorized to endorse the date, amount, type, interest rate and duration of each Loan made or converted by the Lender to the undersigned, the date and amount of each repayment of principal thereof, and, in the case of Eurodollar
Loans, the Interest Period with respect thereto, on the schedules annexed hereto and made a part hereof, or on a continuation thereof which shall be attached hereto and made a part hereof, which endorsement shall constitute prima facie
evidence of the accuracy of the information so endorsed; provided, however, that failure by any holder to make any such recordation on such schedules or continuation thereof shall not in any manner affect any of the obligations of the
undersigned to make payments of principal and interest in accordance with the terms of this Loan Note and the Credit Agreement. 

This Loan Note is one of the Loan Notes referred to in the Amended and Restated Five-Year Credit Agreement, dated as of February 28,
2006 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the undersigned, the Lenders and Issuing Lenders from time to time parties thereto and Barclays Bank PLC, as Administrative Agent
thereunder, is entitled to the benefits thereof and is subject to optional and mandatory prepayment in whole or in part as provided therein. 

Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

 Upon the occurrence of any one or more of the Events of Default specified in the Credit
Agreement, all amounts then remaining unpaid on this Loan Note shall become, or may be declared to be, immediately due and payable as provided therein. 

This Loan Note shall be governed by and construed and interpreted in accordance with the laws of the State of New York. 

 

			
	CONSOLIDATED NATURAL GAS COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	

 Schedule I to 

Loan Note 

BASE RATE LOANS AND CONVERSIONS AND 

REPAYMENTS OF PRINCIPAL 
  

													
	 Date
	  	 Amount of Base
Rate Loans
	  	 Amount of Base
Rate Loans
Converted
into
Eurodollar Loans
	  	 Amount
of
Eurodollar Loans
Converted into Base
Rate Loans
	  	
Amount of Principal Repaid
	  	 Unpaid Principal
Balance
	  	 Notation

Made by

							
	 	  	 	  	 	  	 	  	 	  	 	  	 
							
	 	  	 	  	 	  	 	  	 	  	 	  	 
							
	 	  	 	  	 	  	 	  	 	  	 	  	 
							
	 	  	 	  	 	  	 	  	 	  	 	  	 
							
	 	  	 	  	 	  	 	  	 	  	 	  	 
							
	 	  	 	  	 	  	 	  	 	  	 	  	 
							
	 	  	 	  	 	  	 	  	 	  	 	  	 
							
	 	  	 	  	 	  	 	  	 	  	 	  	 
							
	 	  	 	  	 	  	 	  	 	  	 	  	 

 Schedule II to 

Loan Note 

EURODOLLAR LOANS AND CONVERSIONS 

AND REPAYMENTS OF PRINCIPAL 
  

															
	 Date
	  	 Amount of
Eurodollar Loans
	  	 Interest Period
	  	 Amount of Base

Rates Loans

Converted into
Eurodollar Loans
	  	 Amount of
Eurodollar Loans
Converted into
Base
Rate Loans
	  	 Amount of
Principal Repaid
	  	 Unpaid Principal
Balance
	  	 Notation Made
by

								
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
								
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
								
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
								
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
								
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
								
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
								
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
								
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
								
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 

 Exhibit 6.1(c) 

FORM OF CLOSING CERTIFICATE 

Pursuant to Section 6.1(c) of the Amended and Restated Five-Year Credit Agreement, dated as of February 28, 2006 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Consolidated Natural Gas Company, a Delaware corporation (the “Borrower”), the Lenders and Issuing Lenders from time to time
parties thereto and Barclays Bank PLC, as Administrative Agent thereunder, the undersigned Senior Vice President and Treasurer of the Borrower (solely in his or her capacity as such and not personally) hereby certifies as follows: 

1. The representations and warranties made by the Borrower in or pursuant to the Credit Documents are true and correct in
all material respects on and as of the date hereof with the same effect as if made on such date; 
 2. The
conditions precedent set forth in subsection 6.1 of the Credit Agreement have been satisfied; 
 3. On the date
hereof, no Default or Event of Default has occurred; 
 4. No event or condition has occurred since the dates of
the financial statements delivered pursuant to Section 6.1(g) of the Credit Agreement that has or would be likely to have a Material Adverse Effect; 

5.
                     is and at all times since              ,
         has been the duly elected and qualified [Assistant] Secretary of the Borrower and the signature set forth on the signature line for such officer below is such officer’s true and genuine
signature; 
 and the undersigned [Assistant] Secretary of the Borrower hereby certifies as follows: 

6. The Borrower is a corporation duly incorporated, validly existing and in good standing under the laws of the State of
Delaware; 
 7. Attached hereto as Exhibit A is a true and complete copy of resolutions duly adopted by
the Board of Directors of the Borrower (or a duly authorized committee thereof) on              , 2006 authorizing (i) the execution, delivery and performance of the
Credit Agreement and (ii) the borrowings contemplated thereunder; such resolutions have not in any way been amended, modified, revoked or rescinded and have been in full force and effect since their adoption to and including the date hereof and
are now in full force and effect; and such resolutions are the only corporate proceedings of the Borrower now in force relating to or affecting the matters referred to therein; attached hereto as Exhibit B is a true and complete copy of the
By-Laws of the Borrower as in effect at all times since              ,          to and including the date hereof; and attached
hereto as Exhibit C is a true and complete copy of the Articles of Incorporation as in effect at all times since              ,
        , to and including the date hereof; and attached hereto as Exhibit D is a certified copy of the Borrower’s good standing certificate or its equivalent and, if available, a tax good
standing certificate of the Borrower. 

 8. All governmental, shareholder and third party consents (including
Securities and Exchange Commission clearance) and approvals necessary or, in the reasonable opinion of the Administrative Agent, desirable in connection with the transactions contemplated hereby have been received and are in full force and effect
and no condition or requirement of law exists which could reasonably be likely to restrain, prevent or impose any material adverse condition on the transactions contemplated by the Credit Agreement, and attached hereto are copies of any required
orders of the                      and the
                     approving the Borrower’s execution, delivery and performance of the Credit Agreement and the borrowings thereunder.

 9. The following persons are now duly elected and qualified officers of the Borrower, holding the offices
indicated next to their respective names below, and such officers have held such offices with the Borrower at all times since              ,
         to and including the date hereof, and the signatures appearing opposite their respective names below are the true and genuine signatures of such officers, and each of such officers is an
authorized signatory of the Borrower and is duly authorized to execute and deliver on behalf of the Borrower any and all notes, notices, documents, statements and papers under and relating to the Credit Agreement and otherwise to act as an
authorized signatory of the Borrower under the Credit Documents and all other documents to be executed in connection therewith for all purposes: 
  

									
	 Name
	 	  	  	 Office
	  	  	  	 Signature

					
		 		  		  		  	  

					
		 		  		  		  	  

	
	 IN WITNESS WHEREOF, the undersigned have hereunto set our names.

					
	By:	 	  
	  		  	By:	  	  

	Name:	 		  		  	Name:	  	
	Title:	 	[Assistant Treasurer]	  		  	Title:	  	[Assistant Secretary]
					
		 		  	Date                     	  		  	

  

 2 

 Exhibit 6.1(e) 

[ATTACHED] 

 Exhibit 8.1(c) 

FORM OF OFFICER’S CERTIFICATE 

This certificate is provided pursuant to Section 8.1(c) of the Amended and Restated Five-Year Credit Agreement, dated as of
February 28, 2006 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Consolidated Natural Gas Company, a Delaware corporation (the “Borrower”), the Lenders and
Issuing Lenders from time to time parties thereto and Barclays Bank PLC, as Administrative Agent thereunder. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

The undersigned officer of the Borrower hereby certifies that [he/she] is the [Chief Financial Officer] [Treasurer] of the Borrower, and
that as such [he/she] is authorized to execute this certificate required to be furnished pursuant to subsection 8.1(c) of the Credit Agreement, and further certifies that: 

 

	 	(a)	Attached hereto is a copy of the financial statements of the Borrower required to be delivered pursuant to Section 8.1(a) or 8.1(b) of the Credit Agreement.

  

	 	(b)	The financial statements attached hereto are complete and correct in all material respects and were prepared in reasonable detail and in accordance with GAAP applied
consistently throughout the periods reflected therein. 

  

	 	(c)	The undersigned has no knowledge of any Default or Event of Default. 

  

	 	(d)	The Borrower has complied with the financial covenants set forth in Section 8.11 of the Credit Agreement, as supported by the following calculation (all amounts
are as of [insert date]):  

 IN WITNESS WHEREOF, I have hereunto set my hand this
         day of         ,     . 

 

			
	By:	 	  

	Name:	 	
	Title:	 	

 Exhibit 12.3 

FORM OF ASSIGNMENT AGREEMENT 

Reference is made to the Amended and Restated Five-Year Credit Agreement, dated as of February 28, 2006 (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among Consolidated Natural Gas Company, a Delaware corporation (the “Borrower”), the Lenders and Issuing Lenders from time to time parties thereto and
Barclays Bank PLC, as Administrative Agent thereunder. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement. This Assignment Agreement, between the Assignor (as set forth on Schedule
1 hereto and made a part hereof) and the Assignee (as set forth on Schedule 1 hereto and made a part hereof) is dated as of the Effective Date (as set forth on Schedule 1 hereto and made a part hereof, the “Effective
Date”). 
 1. The Assignor hereby irrevocably sells and assigns to the Assignee without recourse to the Assignor, and
the Assignee hereby irrevocably purchases and assumes from the Assignor without recourse to the Assignor, as of the Effective Date, a     % interest (the “Assigned Interest”) in and to the Assignor’s
rights and obligations under the Credit Agreement respecting those credit facilities contained in the Credit Agreement as are set forth on Schedule 1 (the “Assigned Facilities”), in a principal amount for each Assigned
Facility as set forth on Schedule 1; provided, however, it is expressly understood and agreed that (i) the Assignor is not assigning to the Assignee and the Assignor shall retain (A) all of the Assignor’s rights under
subsection 4.3 of the Credit Agreement with respect to any cost, reduction or payment incurred or made prior to the Effective Date, including, without limitation, the rights to indemnification and to reimbursement for taxes, costs and expenses and
(B) any and all amounts paid to the Assignor prior to the Effective Date and (ii) both Assignor and Assignee shall be entitled to the benefits of subsection 12.5 of the Credit Agreement. 

2. The Assignor (i) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or
representations made in or in connection with the Credit Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, any other Credit Document or any other instrument or document
furnished pursuant thereto, other than that it has not created any adverse claim upon the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (ii) makes no representation or warranty and
assumes no responsibility with respect to the financial condition of the Borrowers, any of their subsidiaries or any other obligor or the performance or observance by the Borrowers, any of their subsidiaries or any other obligor of any of their
respective obligations under the Credit Agreement or any other Credit Document or any other instrument or document furnished pursuant hereto or thereto and (iii) attaches the Loan Note, if any, held by it evidencing the Assigned Facilities and
requests that the Administrative Agent exchange such Loan Note for a new Loan Note payable to the Assignor (if the Assignor has retained any interest in the Assigned Facility) and a new Loan Note payable to the Assignee in the respective amounts
that reflect the assignment being made hereby (and after giving effect to any other assignments that have become effective on the Effective Date). 

 3. The Assignee (i) represents and warrants that it is legally authorized to enter into
this Assignment Agreement; (ii) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements delivered pursuant to Section 8.1 thereof and such other documents and information as it has
deemed appropriate to make its own credit analysis and decision to enter into this Assignment Agreement; (iii) agrees that it will, independently and without reliance upon the Assignor, the Administrative Agent or any other person that has
become a Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iv) appoints and authorizes the
Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers as are incidental thereto; and
(v) agrees that it will be bound by the provisions of the Credit Agreement and will perform in accordance with its terms all the obligations that by the terms of the Credit Agreement are required to be performed by it as a Lender including, if
it is organized under the laws of a jurisdiction outside the United States, its obligation pursuant to Section 4.4(d) of the Credit Agreement to deliver the forms prescribed by the Internal Revenue Service of the United States certifying as to
the Assignee’s exemption from United States withholding taxes with respect to all payments to be made to the Assignee under the Credit Agreement, or such other documents as are necessary to indicate that all such payments are subject to such
tax at a rate reduced by an applicable tax treaty. 
 4. Following the execution of this Assignment Agreement, it will be
delivered to the Administrative Agent for acceptance by it and recording by the Administrative Agent pursuant to subsection 12.3(b) of the Credit Agreement, effective as of the Effective Date (which shall not, unless otherwise agreed to by the
Administrative Agent, be earlier than five Business Days after the date of acceptance and recording by the Administrative Agent of the executed Assignment Agreement). 

5. Upon such acceptance and recording, from and after the Effective Date, the Administrative Agent shall make all payments in respect of
the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts that have accrued to the Effective Date and to the Assignee for amounts that have accrued subsequent to the Effective Date.

 6. From and after the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent
provided in this Assignment Agreement, have the rights and obligations of a Lender thereunder and under the other Credit Documents and shall be bound by the provisions thereof and (ii) the Assignor shall, to the extent provided in this
Assignment Agreement, relinquish its rights and be released from its obligations under the Credit Agreement. 
 7. This
Assignment Agreement shall be governed by and construed in accordance with the laws of the State of New York. 
 IN WITNESS
WHEREOF, the parties hereto have caused this Assignment Agreement to be executed by their respective duly authorized officers on Schedule 1 hereto. 
  

 2 

 Schedule 1 to Assignment Agreement 

Name of Assignor: 

Name of Assignee: 

Effective Date of Assignment: 
  

							
	 A.
	  	 Loans
	  	 Principal

Amount Assigned
	  	 Commitment Percentage Assigned

(to at least eight decimals) (shown

as a percentage of aggregate

principal amount of all Lenders)

	  	  	  
	  	  	  
	  	  	  

  

									
	 [ Name of Assignor]
	  		  	[Name of Assignee]
					
	 By:
	  	  
	  		  	By:	  	  

	 Name:
	  		  		  	Name:	  	
	 Title:
	  		  		  	Title:	  	

  

			
	
	 Accepted and Consented to:

	
	 BARCLAYS BANK PLC,

as Administrative Agent

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 Consented to:

	
	 CONSOLIDATED NATURAL GAS

COMPANY, as Borrower

		
	 By:
	 	  

	 Name:
	 	
	 Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}]]