Document:

EX-4.13

 Exhibit 4.13 

Baidu Distributor Cooperation Contract 

Party A: BAIDU (HONGKONG) LIMITED 
 Legal Representative:
Xiang Hailong 
 Legal Address: RM 2201-03 22/F WORLD WIDE HOUSE 19 DES VOEUX ROAD CENTRAL HONG KONG 

Contact: Li Yinyu 

E-mail: liyinyu@gz.baidu.com 

Party B: China Search (Asia) Ltd 
 Legal Representative:
Xue Yongkang 
 Legal Address: 31/F, Prosperity Millennia Plaza, 663 King’s Road Quarry Bay, Hong Kong 

Contact: Jon Chan 

E-mail: jon.chan@baiduhk.com.hk 

Party A is an information service provider duly established who provides network information services. Party B is a company duly established and validly
existing and owns a good service system. Upon entrustment of the promotion clients (hereinafter referred to as the “Clients”), Party B needs the promotion services provided by Party A. With respect to relevant matters regarding
Party B’s releases and promotions on Party A’s website (including Party A’s website and websites of Party A’s affiliates, pages or interfaces of Party A’ allied members, hereinafter referred to as the “Baidu
Websites”), upon entrustment of the Clients, Party A and Party B, through friendly consultation, reach the following agreement and enter into this Contract in accordance with the principles of mutual benefit and joint development. 

Note: The Parties confirm that this Contract has a collateral contract signed by Baidu Online Network Technology (Beijing) Co., Ltd. and Search Asia
Technology (Shenzhen) Co., Ltd. The performance is calculated based on Party B’s actual consolidated consumption in two contracts. BAIDU (HONGKONG) LIMITED will pay rebates to China Search (Asia) Ltd. 

 

	1.	Term of Distribution Cooperation 

  

	1.1	This Contract is valid from January 1, 2017 to December 31, 2017 for a period of 12 months. 

  

	1.2	The Parties acknowledge and agree that Party A will authorize Party B, as a distributor of Party A, to promote Party A’s “Baidu Promotion” technical services (including the existing Baidu Promotion and
its derivative services, hereinafter referred to as “Baidu Promotions”) to its final clients and to serve as Party A’s general agent in the regions including but not limited to Hong Kong, Macao, Taiwan, Singapore, and Europe.
Party B shall not mislead the Clients in any express or implied manner into believing that Party B acts on behalf of Party A. 

  

	2.	Rights and Obligations of Party A 

  

	2.1	Party A will open a “Regional Agent Management Account” of Baidu Promotions for Party B. The ownership of such management account belongs to Party A. If Party A withdraws the authority of regional agent from
Party B for any reason (except that this Contract is no longer renewed upon expiration), Party B shall stop using the management account from the date of withdrawal of the authority. 

	2.2	Party A will issue an Authorization Certificate of Regional Agents with a limited period to Party B for Baidu Promotions. 

  

	2.3	Party A authorizes Party B to carry out marketing activities in the name of a regional agent of Baidu Promotions. 

  

	2.4	Party A has the right to refuse or modify the released contents which are unreal, illegal and contrary to sound social custom. 

  

	2.5	Party A undertakes to give priority for Party B to select channel space under the same conditions. 

  

	2.6	If Party B makes a written request, Party A will assist Party B to provide a real monitoring report after release of the promotions. 

 

	2.7	Party A will display Party B’s logo provided by Party B in the partner area on Party A’s website. 

  

	3.	Rights and Obligations of Party B 

  

	3.1	Party B shall apply for an independent “Baidu Promotion” account for each “Baidu Promotion” Client. The Client’s information shall be true and valid. Supporting documents of the Client to prove
effective subject qualification and legitimate operation in related industries, such as business license, are also required. Party B will conduct daily management on its Clients, including account opening,
top-up, renewal and contact. 

  

	3.2	Party B shall first check the qualifications and other materials and information of Clients it provides to Party A for Baidu Promotions, and shall assume independent and full responsibility for the authenticity,
legality, validity and accuracy of all kinds of materials and information provided by it. At the same time, Party B shall warrant that the information provided to Party A is true and lawful, and that Party A’s use of such information will not
infringe the legitimate rights and interests of any third party. If the above information is changed, Party A shall be notified immediately. Where Party A makes any compensation to netizens owing to fraud and other acts of the Clients developed by
Party B, Party A has the right to recover the compensation from Party B. 

  

	3.3	The Clients developed by Party B shall comply with the provisions of national laws and regulations and shall not violate Party A’s rules and regulations. 

 

	3.4	Party B shall actively expand sales business of online release. It shall sign the Online Promotion Service Contract and Online Release Service Contract with Party A five working days before commencement of the
information release plan for each release, indicating the release form, time, location, content, price and other specific items, and provide Party A with such contracts and complete information required to release. 

 

	3.5	The release content provided by Party B shall be true and lawful, and shall not be fraudulent, deceive or mislead consumers, or violate laws and regulations of the People’s Republic of China, public morals and the
legitimate interests of any third party. The contents and pictures to be released shall conform to relevant laws. Otherwise, Party A has the right to refuse false or illegal contents to be released, and Party B shall bear the legal liability arising
from the released contents. 

  

	3.6	Party B is obligated to inform Party A of the feedback from its Clients in a timely manner so that Party A can give immediate response. 

 

	3.7	Party B shall promptly pay the fees for release services, calculation of which shall be subject to the provisions of Clause 4 (Payment Amount and Payment Term). 

 

	4.	Payment Amount and Payment Term 

  
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	4.1	Party B shall make advance payment to top up its agent management account. Party B shall timely top up the account when the advance payment is less than RMB5000. 

 

	4.2	Release fees. Party B generally pays the release fees to Party A in accordance with the corresponding offer discount in the table below after accepting the Client’s entrustment of releasing online promotion on the
website of Party A. The specific fee standard is subject to the Online Promotion Service Contract and Online Release Service Contract signed by the Parties for each release. Special product lines or special contracts which do not enjoy the
preferential policies of this Contract shall be specified in the specific Online Promotion Service Contract and Online Release Service Contract. 

  

	4.3	Baidu distribution payment policy. Party B shall pay off the release fee corresponding to the Online Promotion Service Contract and Online Release Service Contract for each release before the settlement date set forth
in such contracts. 

  

	4.4	If any agent fails to pay the release fee on time, Baidu may deduct the overdue amount from rebates or require Party B to pay liquidated damages at the daily rate of 0.02% of the overdue amount from the overdue payment
date, and may require immediate implementation. 

  

	5.	Product Incentives 

  

	5.1	Party B shall settle relevant release fees with Party A in accordance with the latest quotation issued by Party A and the corresponding discounts in the table below. The specific fee standard is subject to the Online
Promotion Service Contract and Online Release Service Contract signed by the Parties for each release. Special product lines or special contracts which do not enjoy the preferential policies of this Contract shall be specified in the Online
Promotion Service Contract and Online Release Service Contract. 

  

	5.2	With respect to Aladdin (except title sponsorship of Aladdin), Chunhua and BES products, their release amounts shall not be included in calculation of rebate proportion and no rebate shall be given to the distributors.
Other products are subject to specific product policies. 

  

	5.3	The release amounts of advertisers held by Baidu (holding ratio 3 51%, the list of such advertisers is subject to confirmation by Baidu) shall be included in calculation of
rebate proportion, but no rebate shall be given to the distributors. 

  

	5.4	If any advertiser releasing promotions through any distributor is identified by Baidu as committing business violations (including promotion violations, cross-regional violations and framework violations) in 2017, the
consumption of such advertiser shall not be included in calculation of rebate proportion and no rebate shall be given to the distributor. If there is any rebate paid before determination of the violation, the rebate shall be recovered. Moreover,
performance penalties shall be imposed according to the following rules: 

  

	 	(1)	Serious Class A violation: double the performance penalty based on the rebate that the distributor can enjoy according to these policies. The penalty limit is 1 time of the total consumption of the violating
advertiser for the current term. 

  

	 	(2)	Non-serious Class A violation: impose the performance penalty based on the rebate that the distributor can enjoy according to these policies. The penalty limit is the
performance amount determined by Baidu. 

  

	 	(3)	When the compliance performance of the distributor is not enough to offset the performance penalty, the distributor’s rebate will be deducted. If the rebate is also not enough, the distributor shall make up the
amount in cash. If the distributor fails to do so, its distributor qualification will be canceled. 

  

	 	(4)	It shall be determined by Baidu whether any act constitutes the violation abovementioned. 

  

	5.5	Release by advertisers in the investment attracting industry will not be included in calculation of rebate proportion and no rebate will be given to the distributors. 

 

	5.6	No release amounts of related advertisers under the overall framework of Alibaba Group in Key Account Sales Department of Baidu shall be included in the rebate base of the distributors. 

  
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	5.7	The rebates shall only apply to overseas key distributors signing the distributor contract with Baidu. Where overseas key distributors develop and sign any agreement with secondary distributors according to their own
business needs, no rebate will be given to such overseas key distributors with respect to consumption of the advertisers of the secondary distributors. 

  

	5.8	KA overseas distributors shall develop advertisers in accordance with the overseas business development rules of Baidu. 

  

	6.	Exclusivity 

 If Party B represents any product of any company other than Baidu, it shall
obtain prior consent of Baidu and file a record with Baidu. Where Party B breaches this Clause 6, Party A shall have the right to cancel Party B’s qualification of regional agent at any time and to recover the Authorization Certificate without
assuming any liability for breach of contract or for compensation. 
 Notwithstanding the above provisions, without Party A’s written
permission, Party B may not promote or sell any third party’s product or service competing with Party A’s “Baidu Promotion” (including but not limited to the competing products of Tencent, Letv, Qihoo 360, Google, Sogou, Yahoo,
Sina, Netease, Alibaba, Taobao, 58 Tongcheng, Ganji, TouTiao, Meituan & Dianping). If Party B breaches this Clause 6, Party A shall have the right to cancel Party B’s qualification of regional agent at any time and to recover the
Authorization Certificate without assuming any liability for breach of contract or for compensation. 
  

	7.	Distributor Rebate System 

  

	7.1	P4P product rebate. The rebate proportion that Party B can enjoy within the term of this Contract for promotion service of P4P products is 22% and will be achieved through the management account. The standard rebate
will be automatically added to Party B’s Agent Management Account of Baidu Promotions, which can only be used for transfer and cannot be withdrawn in cash. Party B will not receive other discounts during transfer. The P4P products involved in
such rebate are subject to the agreement with Baidu. 

  

	7.2	Party B will enjoy 50% discount (hereinafter referred to as “Standard Discount”) on the products in the non-search category with open and standard quotation
during the term of this Contract. The specific open and standard price and products that enjoy discounts are subject to those published by Party A; 

  

	7.3	Rebate for completion of the quarterly task. 

  

	 	7.3.1	Baidu will issue quarterly assessment tasks to distributors on a quarterly basis and give corresponding rebate for completion of the quarterly task according to the completion status of the distributor quarterly
assessment task. Rebate for completion of the quarterly task = rebate base * rebate ratio for completion of the quarterly task * rebate coefficient for completion of the quarterly task. 

 

			
	 Quarterly Task
Rebate

	 Ratio for Completion of the
Quarterly Task
(T)
	  	 Rebate Ratio for Completion of the
Quarterly
Task

	 105%>T395%
	  	2%
	 T3105%
	  	4%

  
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	(1)	Quarterly task and quarterly task completion assessment shall be calculated based on the operating income of Baidu. 

  

	(2)	Rebate calculation and payment are subject to the financial income of Baidu. 

  

	 	7.3.2	Rebate coefficient for completion of the quarterly task is set according to the gradient of completion status of the distributor quarterly task as follows: 

 

			
	 Rebate Gradient Table
of Completion Status of Quarterly Task

	 Task Completion Ratio
	  	 Quarterly Rebate Coefficient

	 95%>T
	  	0
	 105%>T395%
	  	T
	 T3105%
	  	1

  

	7.4	Conditions for calculation of the rebate amount. Party A will conduct quarterly assessment on Party B according to the natural quarter during the term of this Contract. The assessment criteria are subject to the Key
Distributor Incentive Policy of Key Account Sales Department (Overseas Distributors) 2017. 

  

	 	7.4.1	The amount credited to the rebate shall be paid within the payment period specified in the Online Promotion Service Contract and Network Distribution Service Contract for each release. 

 

	 	7.4.2	The amount credited to the rebate shall be the amount specified in the Online Promotion Service Contract and Network Distribution Service Contract for each release which is received and recognized as income.

  

	 	7.4.3	The base for calculating the rebate is determined in accordance with the provisions of Clause 7.6 and Clause 7.7 hereof. 

  

	7.5	Calculation method for the base of quarterly rebate. Baidu shall confirm the income of Baidu for the last quarter in accordance with the entrusted release of the distributors on Baidu website or other websites agreed by
the parties and the accounting standards of China and the United States at the end of this quarter, calculate the rebate according to the quarterly income and the received payment, and pay the rebate after receipt of payment. 

 

	7.6	Calculation method for the base of annual rebate. Baidu shall confirm the income of Baidu in 2017 in accordance with the entrusted release of the distributors on Baidu website or other websites agreed by the parties and
the accounting standards of China and the United States at the end of the first quarter of 2018, calculate the rebate according to the annual income and the received payment and pay the rebate after receipt of payment. 

 

	7.7	The rebate amount will be paid by bank transfer. The distributors enjoying a rebate or special discount shall issue a special VAT invoice in advance with the equivalent amount. When the rebate is used to deduct the
release amount or the frame deposit, the distributor shall also issue a special VAT invoice with the equivalent amount. 

  

	8.	Others 

  

	8.1	The quarterly rebate shall be paid in the form of bank telegraphic transfer within one month after settlement of the Parties. The distributor receiving the rebate shall issue an invoice with equal amount.

  

	8.2	Baidu reserves the right of final interpretation and the discretion on these distributor management rules. 

  
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	8.3	Baidu has the right to modify the management rules at any time as needed, provided that it shall notify the distributor. The modification has no retroactivity. 

 

	9.	Selection Mechanism and Penalties for Violations 

  

	9.1	Distributor selection mechanism. Baidu has the right to eliminate the distributors meeting the following circumstances to protect the core competitiveness of overseas distributors and maintain the sustainability of
Baidu overseas business. The overseas distributors eliminated shall not re-apply to become overseas distributors for two quarters. 

 

	 	(1)	The overseas distributor fails to complete quarterly tasks for two consecutive quarters, and the task completion rate is less than 90%. 

 

	 	(2)	The overseas distributor has significant irregularities in any quarter, including but not limited to low price competition, development or transfer in violation of relevant provisions, advertisers’ service
complaints and spread of views adverse to Baidu. 

  

	 	(3)	The overseas distributor delays in payment of fees for several times, delays in payment of any single fee for more than 30 days, delays in return of any contract, or otherwise violates Baidu’s financial system,
thus impairing Baidu’s normal operation. 

  

	9.2	Penalties for Distributor Violations. Where any distributor commits any of (but not limited to) the following violations: 

  

	 	(1)	The distributor does not comply with the confidentiality provisions of this Contract; 

  

	 	(2)	The distributor spreads false information against Baidu and other competitors; or 

  

	 	(3)	The distributor delays in paying any due amount, 

 Baidu has the right to take any one or more
of the following measures, depending on the severity of the violation: 
  

	 	(1)	Warning; 

  

	 	(2)	Reducing Rebates; 

  

	 	(3)	Cancelling Rebates; 

  

	 	(4)	Cancelling the distributor’s qualification; 

  

	 	(5)	Stopping release of promotions; or 

  

	 	(6)	Require payment of liquidated damages. 

 The distributors shall continue to perform the payment
obligations in accordance with the Online Promotion Service Contract and Online Release Service Contract for each release even Baidu takes the above measures. 
  

	10.	Termination of Contract 

  

	10.1	Either Party may inform the other Party 3 months in advance to early terminate this Contract, which, however, shall not affect any Online Promotion Service Contract and Online Release Service Contract that are already
signed by the Parties and have taken effect. 

  

	10.2	Where either Party enters the bankruptcy application or liquidation procedure and the other Party notifies early termination of this Contract, this Contract shall be terminated. 

 

	10.3	Where either Party is divided or merges with any other company, the company succeeding the rights and obligations of the Party shall continue to perform this Contract. 

  
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	10.4	When the Parties fulfill the obligations herein, this Contract shall terminate automatically. 

  

	11.	Confidentiality 

  

	11.1	The Parties shall keep strictly confidential the trade secrets and technical information of the other Party known in the performance of this Contract and shall not disclose them to any third party without the consent of
the other Party. 

  

	11.2	The Parties shall keep confidential the rebate policies set forth herein. 

  

	11.3	The Parties shall procure their respective employees to fulfill the above obligations. 

  

	11.4	The obligations in this Clause 11 shall survive the invalidity, rescission, early termination, cancellation or unenforceability of this Contract. 

 

	12.	Dispute Resolution 

  

	12.1	Party A and Party B shall settle any matters not covered by this Contract through consultation and shall sign a supplementary contract to this Contract. The supplementary contract shall take effect after the Parties
seal it and shall have the same legal effect as this Contract. 

  

	12.2	Party A and Party B shall resolve any disputes arising from performance of this Contract through consultation. If the consultation fails, either Party can file a lawsuit to the competent people’s court at the place
of Party A. 

  

	12.3	The signing, performance, interpretation and dispute resolution of this Contract shall be governed by the laws, regulations and rules of the People’s Republic of China. 

 

	13.	Validity of Contract 

  

	13.1	This Contract is made in duplicate with each party holding one. All counterparts have the same legal effect. 

  

	13.2	This Contract shall become effective when the representatives of the Parties affix it with their contract seals or common seals. If the commencement date of the cooperation set forth in this Contract is earlier than the
effective date of this Contract, the rights and obligations shall be performed from the commencement date of the cooperation according to this Contract. 

  

	13.3	If any provision of this Contract conflicts with existing laws and regulations, the Parties may amend it without affecting the overall validity of this Contract. 

 

	13.4	If this Contract terminates after it is fully performed, it shall not affect either Party’s right to seek liabilities to be borne by the other Party in accordance with relevant provisions of this Contract.

 (The remainder of this page is intentionally left blank.) 

  
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 (Signature page of Baidu Distributor Cooperation Contract) 

 

			
	Party A:	 	Party B:
		
	(Company seal: /s/ BAIDU (HONGKONG) LIMITED)	 	(Company seal: /s/ China Search (Asia) Ltd)
		
		 	/s/ Wing Hong Sammy Hsieh
		
	Date: February 9, 2018	 	Date: February 9, 2018

  
 8EX-10.1

 Exhibit 10.1 

SEPARATION AGREEMENT AND RELEASE 

Chesapeake Utilities Corporation, a Delaware corporation (“Employer”) and Elaine B. Bittner (“Executive”) (Employer
collectively with Executive, the “Parties”) desire to make arrangements for the orderly and complete separation of Executive’s employment relationship that occurred on May 2, 2018 (“Separation Date”). 

In consideration of the mutual promises contained in this Separation Agreement and Release (“Agreement”), the receipt and
sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 1. Separation 

Executive acknowledges and agrees that Executive was employed by Employer as defined in the Executive Employment Agreement between Executive
and Employer dated January 9, 2013 and amended as of January 1, 2016 (“Employment Agreement”). The Parties acknowledge and agree that Executive’s employment with Company ended effective on the Separation Date. 

2. Severance Pay 

In exchange for entering into this Agreement, Employer agrees to provide Executive with a severance payment in the total amount of One Million
Nine Hundred Thousand Dollars and Zero Cents ($1,900,000.00) (“Severance Payment”) as follows: 
 (a) A one-time payment made
payable to the law firm of Outten & Golden LLP, Executive’s attorneys, in the amount of Fifty Thousand Dollars and Zero Cents ($50,000.00). The check will be issued within ten (10) calendar days of the Effective Date of this
Agreement (as defined below) and reported on an IRS Form 1099. Executive acknowledges and agrees that Executive’s attorneys must submit a Form W-9 for their law firm to Employer’s counsel prior to the disbursement of any Severance
Payment; 
 (b) An accelerated vesting of the Executive’s three Performance Stock Awards as defined in the Executive’s Performance
Stock Award Agreements, as amended (“Award Agreements”). The three Performance Stock Awards consist of a total 14,107 Shares, as defined in the Award Agreements. The Parties acknowledge and agree that for purposes of this Agreement, the
total value of the 14,107 Shares is equal to One Million Sixty Nine Thousand Dollars and Zero Cents ($1,069,000.00). The award of the 14,107 Shares will occur within ten (10) calendar days of the Effective Date of this Agreement (as defined
below), and shall be subject to appropriate payroll deductions and income tax withholdings; and 
 (c) The balance of the Severance Payment,
Seven Hundred and Eighty One Thousand Dollars and Zero Cents ($781,000), shall be paid in a one-time payment to Executive. The check for this one-time payment will be issued within ten (10) calendar days of the Effective Date of this Agreement
(as defined below). This one-time payment shall be subject to appropriate payroll deductions and income tax withholdings. 

 Executive acknowledges that she has been given no advice by Employer or Employer’s attorneys
concerning the taxability, or tax consequences, of the Severance Payment. Following this payment, Employer shall have no responsibility nor shall it be liable to any person regarding the Severance Payment or division of such sum. Employer is under
no duty or obligation to make the Severance Payment and is doing so solely as consideration for Executive entering into this Agreement. 

3. Release and Waiver 

By signing this Agreement, Executive (on behalf of herself and her agents, heirs, successors, spouse, administrators and assigns) releases and
waives all rights, causes of action, demands and claims, known and unknown, in contract, law and equity, of any kind whatsoever that she now has or may have against Employer as of the date this Agreement is signed by her. This release and waiver
extends to Employer and includes all of its past and present officers, directors, employees, divisions, affiliated entities, subsidiaries, joint ventures, agents, attorneys, benefit plans and plan administrators, successors and/or assigns. (Employer
and the entities and individuals listed above are referred to individually and collectively as the “Released Parties” in this Agreement.) This release and waiver includes, but is not limited to: 

 

	 	•	 	Any claims for assault, battery, wrongful termination, defamation, invasion of privacy, intentional infliction of emotional distress, or any other common law claims; 

 

	 	•	 	Any claims for the breach of any written, implied or oral contract between Executive and any of the Released Parties, including but not limited to the Employment Agreement; 

 

	 	•	 	Any claims of discrimination, harassment or retaliation based on such things as age, national origin, ancestry, pregnancy or any illness related to pregnancy or childbirth, race, color, ethnicity, religion, sex, sexual
orientation, physical or mental disability, medical condition, citizenship status, genetic information, marital status, military or veteran status, or any other classification protected by law; 

 

	 	•	 	Any claims for payments of any nature, including but not limited to wages, overtime pay, vacation pay, severance pay (other than the Severance Payment hereunder), commissions, bonuses and benefits or the monetary
equivalent of benefits; 

  

	 	•	 	Any claims for, or entitlement to, reinstatement to Executive’s previous position with, or rehire or re-employment by, Employer; and 

 

	 	•	 	Any claims related in any way to the cessation of Executive’s employment with Employer. 

Executive’s release and waiver includes all claims that she has or may arise under the common law and all federal, state and local
statutes, ordinances, rules, regulations and orders, including but not limited to any claim or cause of action based on the Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Family and Medical Leave Act,
the Americans with Disabilities Act, the Civil Rights Acts of 1866, 1871 and 1991, the Rehabilitation 

  
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 Initials /s/ EBB 

 
Act of 1973, the Employee Retirement Income Security Act of 1974, the Vietnam Era Veterans’ Readjustment Assistance Act of 1974, Executive Order 11246, the National Labor Relations Act, and
similar statutes and laws of the State of Delaware and the state in which the Executive provides services to the Employer, if other than Delaware, as each of them has been or may be amended. Executive also waives her right to any attorneys’
fees, compensation or other recovery whatsoever as the result of any legal action brought by or on her behalf by any other individual or governmental party or entity against any of the Released Parties, except those that cannot be waived as a matter
of law. Executive agrees that she will not seek future employment with Employer. Executive further agrees that she has not and will not at any time in the future file any lawsuit or any legal action against any of the Released Parties relating to
any claim or cause of action, or any right, she has released and waived under this Agreement. 
 Notwithstanding the above, Executive’s
release and waiver of claims does not apply to any claims or rights (a) which, by law, may not be waived, including Executive’s rights to COBRA, workers compensation and unemployment compensation benefits (the application for which shall
not be contested by the Employer); (b) for accrued, vested benefits under any employee benefit, stock, savings, insurance or pension plan of the Employer; (c) for deferred compensation payable under the Chesapeake Utilities Corporation
Non-Qualified Deferred Compensation Plan; (d) that may arise after the date on which Executive signs this Agreement; (e) reimbursement for reasonable business expenses, so long as they are submitted within thirty (30) days of the
Effective Date; or (f) to indemnification, contribution, advancement or defense as provided by, and in accordance with the terms of the Employer’s by-laws, articles of incorporation, liability insurance coverage, or applicable law.
Additionally, Executive’s agreement not to sue any of the Released Parties does not apply to any claim she may file to enforce this Agreement or to challenge the enforceability of this Agreement to the extent such an agreement not to sue would
be prohibited by applicable law. This Agreement also does not prevent Executive from cooperating with any governmental investigation, from being a witness, or from filing a claim, including claims with the Equal Employment Opportunity Commission
(EEOC). However, Executive may not recover personal monetary or other relief for any claim released by this Agreement, except where expressly permitted by applicable law. 

By signing this Agreement, Employer releases and waives all rights, causes of action, demands and claims, in contract, law and equity that it
now has or may have against Executive as of the date of this Agreement with the exception of any claim that Executive has violated her fiduciary duties to Employer. Employer is unaware of any such violation by Executive as of the Effective Date of
this Agreement. 
 4. Knowing and Voluntary Release  

Executive agrees that she is signing this Agreement voluntarily and of her own free will, and not because of any threats or duress and that
this Agreement is written in a manner which Executive fully understands. Executive acknowledges that by receipt of this Agreement, Employer has advised Executive, in writing, to consult with an attorney prior to executing this Agreement, and
Executive has, in fact, had an opportunity to do so. Executive hereby acknowledges that Executive is knowingly and voluntarily entering into this Agreement with the purpose of waiving and releasing the claims discussed in Paragraph 3 of this
Agreement, including claims under the Age Discrimination in Employment Act of 1967 (“ADEA”), and that any rights or claims arising under the ADEA are specifically waived. 

  
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 Initials /s/ EBB 

 Executive is hereby given a period of at least twenty-one
(21) calendar days from the date she received a copy of this Agreement during which to consider whether to sign this Agreement. Executive is hereby advised that the offer contained in this Agreement will remain open until midnight on the
twenty-first day after the date the offer was delivered to the Executive. If Executive does not deliver it, signed, to Employer, c/o James F. Moriarty, Senior Vice President, General Counsel & Corporate Secretary, 909 Silver Lake
Boulevard, Dover, Delaware 19904, by that date, the offer of consideration contained in this Agreement will be automatically withdrawn. 

Executive has seven (7) calendar days after she signs and delivers this Agreement to Employer during which she may revoke it. To revoke
it, Executive must deliver a written notice of revocation to Employer, c/o James F. Moriarty, Senior Vice President, General Counsel & Corporate Secretary, 909 Silver Lake Boulevard, Dover, Delaware 19904, within this seven (7)-day period.
If Executive does not deliver a written revocation notice to Employer, within seven (7) calendar days after she has submitted the signed Agreement, the Agreement will become final and legally binding on Executive and Employer, and she will
receive the consideration (“Effective Date”). Employer will cease providing Executive with any of the consideration if she does not sign this Agreement or if she revokes the Agreement during the seven (7) day revocation period. 

5. Confidentiality 

The Parties agree that they will keep the facts surrounding the separation of Executive’s employment with Employer and the negotiations
of this Agreement confidential and that they will not divulge them to anyone other than Executive’s immediate family and the Parties’ attorneys, tax advisors, health providers, or as may be required by law. 

Executive also acknowledges that during her employment with Employer, she has had access to certain proprietary business information which is
the property of Employer, which is highly confidential and which, if disclosed or used without authorization, could cause significant and irreparable harm to Employer. This confidential information includes, but is not limited to business
information described in all applicable confidentiality and proprietary information policies and procedures, and any and all proprietary and confidential business information (including trade secrets) which Employer has taken steps to maintain as
confidential and which is not otherwise available or known to anyone outside Employer. Executive acknowledges that she has a legal obligation to keep this information confidential, and she also agrees as part of her obligations under this Agreement
that she will maintain that confidentiality. 
 6. Non-Solicitation and Non-Competition Covenants 

(a) Non-solicitation of Employer’s Employees. Executive shall not, at any time during the Restricted Period (as defined below),
without the prior written consent of Employer, engage in the following conduct (a “Solicitation”): 
 (i) directly
or indirectly, contact, solicit, recruit or employ (whether as an employee, officer, director, agent, consultant or independent contractor) any person who was or is at any time during the previous six months an employee, representative, officer or
director of Employer; or 

  
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 (ii) take any action to encourage or induce any employee, representative,
officer, or director of Employer to cease his or her relationship with Employer for any reason. A “Solicitation” does not include any recruitment of employees for Employer. 

The “Restricted Period” means the period including Executive’s employment with Employer and one (1) year following the Separation Date.

 (b) Non-solicitation of Third Parties. During the Restricted Period, the Executive shall not (either directly or indirectly or as
an officer, agent, employee, partner or director of any other company or entity) solicit, service, recruit, induce, influence, or accept on behalf of any competitor of Employer the business of: 

(i) any customer of Employer at the time of Executive’s employment or Separation Date; or 

(ii) any potential customer of Employer that Executive knew to be an identified, prospective purchaser of services or products
of Employer. 
 (c) Non-competition. During the Restricted Period, Executive shall not, directly or indirectly, accept employment
with, act as a consultant to, or otherwise perform services that are substantially the same or similar to those for which Executive was compensated by Employer (such comparison to be based on job-related functions and responsibilities and not job
title) for any business that directly competes with any portion of Employer’s business. This restriction applies to any parent, division, affiliate, newly formed or purchased business(es) and/or successor of a business that competes with
Employer. Further, during the Restricted Period, Executive shall not assist any individual or entity other than Employer in acquiring any entity with respect to which a proposal to acquire such entity was presented to the Board during the one
(1) year period beginning prior to Executive’s Separation Date. 
 Nothing in this Agreement shall be construed to prohibit
Executive from beginning new employment with one of Employer’s suppliers or vendors; provided, however, that the restrictions set forth in Paragraph 6(a) and (b) of this Agreement still apply. 

7. Non-Disparagement 

Executive and Employer’s directors and officers shall at all times refrain from taking actions or making statements, written or verbal,
that: denigrate, disparage or defame the goodwill or reputation of Executive or Employer, as the case may be, or any of its trustees, officers, security holders, partners, agents or former or current employees and directors, or are intended to, or
may be reasonably expected to, adversely affect the morale of the employees of Employer. 

  
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 Executive and Employer’s directors and officers further agrees not to make any negative
statements to third parties relating to Executive’s employment or any aspect of the business of Employer and not to make any statements to third parties about the circumstances of Executive’s separation. Executive further agrees not to
make any negative statements to third parties about Employer or its trustees, directors, officers, security holders, partners, agents or former or current employees and directors, except as may be required by a court or governmental body. 

8. Return of Property 

Executive agrees that, upon demand, but in no event later than twenty-one (21) days after the Effective Date, she will immediately return
all property of Employer that is then in her custody and control, including but not limited to: 
  

	 	•	 	System Hardware: laptop computer, remote access FOB, software, pager 

  

	 	•	 	Office Access and Credentials: badge or other photo identification, keys, building access FOB 

  

	 	•	 	Expense Accounts: credit cards or other corporate expense accounts 

 The Parties
acknowledge and agree that Executive shall keep her company issued vehicle and that Employer will transfer the title of the vehicle to Executive within the earlier of (i) the expiration of the vehicle registration or (ii) twenty-one
(21) calendar days of the Effective Date of this Agreement. Executive may be subject to applicable withholdings associated with the transfer of title of the vehicle. Executive’s point of contact with regard to the return of property under
this paragraph shall be Julie St. Clair, Director of Human Resources. 
 Executive shall be permitted to retain her company-issued cellular
telephone and Executive acknowledges and agrees to provide Employer, upon reasonable notice, with access to her company-issued cellular telephone to inspect for and remove any potential confidential information. 

9. Cooperation  

Executive agrees that she will reasonably and lawfully cooperate at the reasonable request of Employer in the defense or prosecution of any
lawsuits or claims in which Employer or its officers, directors or employees may be or become involved and which relate to matters occurring during the time she was employed by Employer. The Employer’s request for reasonable cooperation shall
take into consideration Executive’s personal and business commitments and the amount of notice provided to Executive. The Employer will reimburse Executive for reasonable out of pocket travel and other incidental expenses, that Executive incur
as a result of Executive’s cooperation pursuant to this paragraph (including reasonable attorneys’ fees, if reasonably necessary), as well as compensate Executive at a per diem rate of one thousand two hundred and fifty dollars ($1,250).

  
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 10. Effect of Breach and Enforcement  

Disputes between the parties under or relating to this Agreement shall be submitted to and settled by private, binding arbitration under the
rules of the American Arbitration Association, which right shall be invoked by serving upon Employer or Executive a notice to arbitrate. Judgment upon the decision or award rendered in an arbitration shall be final and binding upon the parties
hereto and may be entered in any court having jurisdiction. The law of the State of Delaware will be applied. The parties agree to take all appropriate and reasonable steps to insure that this agreement to arbitrate is fully enforceable. 

As specific exceptions to the above, Executive agrees that Employer would be irreparably damaged if she breached her confidentiality,
non-competition, non-solicitation and/or non-disparagement obligations as described above. Therefore, Executive agrees and acknowledges that in addition to the remedies available in arbitration, Employer will be entitled to file a court action for
appropriate equitable relief, including but not limited to an injunction and/or temporary restraining order, without any bond or other security, if Executive breaches or threatens to breach all or any of these obligations. The prevailing party may
also recover attorney’s fees and other costs related to enforcement or defense of any such court action or arbitration under this Section 10. 

11. Entire Agreement and Severability 

This Agreement and its Attachments contain the entire agreement between Executive and Employer, and take priority over any other written or
oral understanding or contract that may have existed in the past. Executive agrees and acknowledges that no other promises or agreements have been offered for this Agreement (other than those described above) and that no other promises or agreements
will be binding unless they are in writing and signed by Executive and Employer. 
 If any portion, provision or section of this Agreement
is held to be invalid or legally unenforceable, the remaining portions of this Agreement will not be affected and will be given full force and effect. 

12. Non-admission  

Executive and Employer agree that this Agreement is not an admission by either party of any wrongdoing or liability whatsoever, but results
from the mutual desire to resolve all actual and potential disputes. 
 13. Applicable Law 

All provisions of this Agreement will be construed and governed by Delaware law without regard to the laws of any other location. 

14. Resolution 

This Agreement resolves any and all actual and potential conflicts between Executive and Employer, including but not limited to all matters
relating to her employment and separation from 

  
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employment with Employer. If Executive agrees to its terms, she should sign this Agreement and return it to Employer, c/o James F. Moriarty, Senior Vice President, General Counsel &
Corporate Secretary, 909 Silver Lake Boulevard, Dover, Delaware 19904. It must be delivered on or before midnight of the twenty-first day after the date the offer was delivered to Executive. 

15. Successors and Assigns 

This Agreement shall be binding on any successor to Employer. Executive may not assign her rights, duties or obligations under this Agreement
without Employer’s prior written consent. 
 HAVING READ AND UNDERSTOOD THIS AGREEMENT, CONSULTED AN ATTORNEY OR OTHER REPRESENTATIVE PRIOR TO SIGNING
THIS AGREEMENT OR VOLUNTARILY ELECTED NOT TO DO SO, AND HAVING HAD SUFFICIENT TIME TO CONSIDER WHETHER TO ENTER INTO THIS AGREEMENT, THE PARTIES HAVE SIGNED THIS AGREEMENT AS OF THE DAY AND YEAR FIRST WRITTEN BELOW. 

 

							
	ELAINE B. BITTNER	 		 	CHESAPEAKE UTILITIES CORPORATION
			
	/s/  Elaine B. Bittner	 		 	By:           /s/  James F. Moriarty                
                                
	Signature	 		 	Title:	 	 SVP, GC and Corporate Secretary  

				
	 Dated:
May 31, 2018                                     
                               
	 		 	Dated:	 	 May 31,
2018                                        

  
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