Document:

Exhibit

Exhibit 10.2

SEVENTH AMENDMENT TO
UNDERWRITING, CONTINUING INDEMNITY AND SECURITY AGREEMENT

This SEVENTH AMENDMENT TO UNDERWRITING, CONTINUING INDEMNITY AND SECURITY AGREEMENT (this “Amendment”), dated as of August 4, 2015, is made by and among Federal Insurance Company, an Indiana corporation (“Federal”); American Home Assurance Company, National Union Fire Insurance Company of Pittsburgh, Pa., and The Insurance Company of the State of Pennsylvania (collectively “AIG”); Liberty Mutual Insurance Company, a Massachusetts company, Liberty Mutual Fire Insurance Company, and Safeco Insurance Company of America (collectively, “Liberty Mutual”); Quanta Services, Inc., a Delaware corporation (“Quanta”) and an Indemnitor; the other undersigned Indemnitors; and the Stallone Companies (as hereinafter defined).  

WHEREAS, Federal, AIG, Liberty Mutual, the Indemnitors and certain of the Stallone Companies are party to that certain Underwriting, Continuing Indemnity and Security Agreement, dated as of March 14, 2005, as amended by that certain Joinder Agreement and Amendment to Underwriting, Continuing Indemnity and Security Agreement dated as of November 28, 2006, wherein AIG was added as a Surety, as further amended by that certain Second Amendment to Underwriting, Continuing Indemnity and Security Agreement dated as of January 9, 2008, as further amended by that certain Joinder and Third Amendment to Underwriting, Continuing Indemnity and Security Agreement dated as of December 19, 2008, as further amended by that certain Joinder Agreement and Fourth Amendment to Underwriting, Continuing Indemnity and Security Agreement dated as of March 31, 2009, wherein Liberty Mutual was added as a Surety, as further amended by that certain Joinder and Fifth Amendment to Underwriting, Continuing Indemnity and Security Agreement dated as of May 17, 2012, and as further amended by that certain Sixth Amendment to Underwriting, Continuing Indemnity, and Security Agreement dated as of December 3, 2012 (collectively, the “Underwriting Agreement”); 

WHEREAS, the Stallone Companies (as defined in Section 2(d) below) are contemporaneously herewith being sold to a third party;

WHEREAS, in connection with such sale of the Stallone Companies, the Indemnitors have requested, and Surety has agreed, subject to certain conditions set forth herein, to remove and release the Stallone Companies as Principals and Indemnitors under the Underwriting Agreement, as amended by this Amendment, and the other Surety Credit Documents; and

WHEREAS, the parties to the Underwriting Agreement desire to further amend the Underwriting Agreement as hereinafter set forth, and this Amendment, the terms hereof and consummation of the transactions contemplated hereby will be beneficial to the Indemnitors and the Stallone Companies; 

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the parties hereto hereby agree as follows:

DM3\3445780.4

1.    Definitions.  Capitalized terms used in this Amendment and not otherwise defined herein are used herein as defined in the Underwriting Agreement.  

2.    Amendments.  

(a)    The definition of “Bonds” in Section 1 of the Underwriting Agreement is amended to add the following at the end of such definition: 

“Bonds” will also mean any surety agreements, undertakings, or instruments of guaranty signed by Surety on behalf of any of the Stallone Companies prior to the Seventh Amendment Effective Date, exclusive of the Stallone Open Bonds.

(b)    The definitions of “Indemnitors” and “Principal” in Section 1 of the Underwriting Agreement are each amended to add the following to each such definition, at the end of each such definition:

Notwithstanding the foregoing or anything in this Agreement or any other Surety Credit Document to the contrary, in no event will any of the Stallone Companies be an Indemnitor or Principal for purposes of this Agreement or any other Surety Credit Document.  The exclusion of the Stallone Companies as Indemnitors and Principals for the purposes of this Agreement and each other Surety Credit Document will not limit the indemnity obligations of any of the Stallone Companies as may be agreed to by any of such Stallone Companies in any other agreement entered into by any of such Stallone Companies (other than any Surety Credit Document).

(c)    The definition of “Surety Loss” in Section 1 of the Underwriting Agreement is amended to restate subparagraph (a) of said definition (exclusive of items (1) – (5) thereunder) to read as follows:

all damages, costs, reasonable attorney fees, and liabilities (including all reasonable expenses incurred in connection therewith) which Surety actually incurs by reason of (i) executing or procuring the execution of any surety agreements, undertakings, or instrument of guarantee, or renewal or continuation thereof, signed by Surety on behalf of (y) any Principal or Island Mechanical, Hawaii, and (z) if requested by any Indemnitor, any Affiliates and Subsidiaries of Quanta Services, Inc., (ii) Bonds which may be already or hereafter be executed on behalf of any Principal and/or any Foreign Subsidiary, or renewal or continuation thereof, (iii) Bonds that were already executed by Surety prior to the Sixth Amendment Effective Date on behalf of any of the Trench Companies, or renewal or continuation thereof, exclusive of the Trench Open Bonds; and/or (iv) Bonds that were already executed by Surety prior to the Seventh Amendment Effective Date on behalf of any of the Stallone Companies, or renewal or continuation thereof, exclusive of the Stallone Open Bonds; or which Surety actually incurs by reason of making any investigation on account thereof, prosecuting or defending any action in connection therewith, obtaining a release, recovering, or attempting to recover any salvage in connection therewith or enforcing by litigation or otherwise any of the provisions of this Agreement, including, but not limited to:

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(d)    Section 1 of the Underwriting Agreement is amended to add the following defined terms in alphabetical order: 

“Seventh Amendment Effective Date” means August 4, 2015. 

“Stallone Companies” means and includes the following:  Quanta Fiber Networks, Inc., a Delaware corporation; InfraSource FI, LLC, a Delaware limited liability company; Sunesys, LLC, a Delaware limited liability company; Sunesys of Massachusetts, LLC, a Delaware limited liability company; and Sunesys of Virginia, Inc., a Virginia corporation.

“Stallone Open Bonds” means and includes all of the surety agreements, undertakings, or instruments of guaranty listed on the attached Exhibit E, which were signed by Surety on behalf of any or all or any combination of the Stallone Companies.

(e)    Section 38 of the Underwriting Agreement is hereby amended to replace the addresses for notices to the Indemnitors with the following:

Indemnitors:            Quanta Services, Inc.
2800 Post Oak Blvd., Suite 2600
Houston, Texas  77056-6175
Attn:  General Counsel

With a copy to:        Duane Morris LLP
1330 Post Oak Blvd., Suite 800
Houston, Texas  77056-3166
Attn:  Shelton M. Vaughan

(f)    Section 54 of the Underwriting Agreement is deleted in its entirety and replaced with the following: 

54.    Collateral Release.  Notwithstanding anything in this Agreement or any other Surety Credit Document to the contrary, subject to prior or concurrent release by Bank of America, N.A., as Administrative Agent (the “Administrative Agent”) for the lenders under that certain Third Amended and Restated Credit Agreement, dated as of October 30, 2013, as amended, modified, supplemented and extended from time to time (including, without limitation, any renewals, restatements and replacements thereof) (the “Third Amended and Restated Credit Agreement”), among the Administrative Agent, such lenders, Quanta Services, Inc. and its subsidiaries party thereto, of the Administrative Agent’s liens and security interests granted pursuant to the Collateral Documents (as such term is defined in the Third Amended and Restated Credit Agreement), upon notice from Quanta Services, Inc., on the first date (the “Release Date”) on which two of the following three conditions are met: (i) the corporate credit rating of Quanta Services, Inc. is BBB- or higher by 

3
DM3\3445780.4

Standard & Poor’s Ratings Services, a division of The McGraw Hill Companies, Inc. and any successor thereto (“S&P”), (ii) the corporate family rating of Quanta Services, Inc. is Baa3 or higher by Moody’s Investors Service, Inc. and any successor thereto (“Moody’s”) or (iii) the corporate credit rating of Quanta Services, Inc. is BBB- or higher by Fitch Ratings, Inc. and any successor thereto (“Fitch”) (each such rating described in clauses (i), (ii) and (iii), an “Investment Grade Rating”), and so long as no default or Event of Default exists on such date or immediately after giving effect to the release of liens contemplated hereby, any and all liens and security interests (including, without limitation, all Liens (as such term is defined in this Agreement) created by or arising in connection with this Agreement or any other Surety Credit Document shall automatically and immediately be fully released and all Collateral shall automatically and immediately be released from all such liens, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral or any other collateral or property constituting such a lien or subject to any such lien shall terminate and revert to the Indemnitors (the “Collateral Release”).  At the request and sole expense of any Indemnitor following any such release, Surety shall deliver to such Indemnitor any Collateral or other such property held by Surety under any Surety Credit Document, and execute and deliver to such Indemnitor such documents as such Indemnitor shall reasonably request to evidence such release.  In the event Surety requires the Indemnitors to execute such documents, promptly, and in any event within 60 days (or such longer period as is reasonably acceptable to Surety) after notice to Quanta Services, Inc. from Surety following the first date after the Release Date on which Quanta Services, Inc. fails to maintain an Investment Grade Rating from at least two of S&P, Moody’s or Fitch, the Indemnitors shall (i) execute and deliver to Surety security documents, in form and substance reasonably satisfactory to Surety, pursuant to which the Indemnitors shall grant to Surety a security interest in all property (and types of property) then owned or held by such Person that constituted Collateral under the Surety Credit Documents as in effect immediately prior to the Release Date and (ii) take such actions as shall be necessary or reasonably requested by Surety to grant and perfect such Liens all at the expense of the Indemnitors (a “Collateral Reinstatement”).  Without limiting the generality of the foregoing and except as provided in the following sentence, at all times after any Release Date and prior to consummation of a Collateral Reinstatement, Section 3(e) of this Agreement shall be deemed to have been deleted and this Section 54 shall govern and control to the extent of any conflict between the other provisions of this Agreement (including, without limitation, Section 5 of this Agreement) or the other Surety Credit Documents and this Section 54.  In the event the Indemnitors fail to execute and deliver to Surety the above required documents, or Surety determines that it would prefer to proceed without these documents, then a Collateral Reinstatement will have occurred and this Section 54 will automatically be rendered null and void at such time as Quanta Services, Inc. fails to maintain an Investment Grade Rating from at least two of S&P, Moody’s or Fitch, and the terms of the Surety Credit Documents will be reinstated as though this Section 54 had never been added to this Agreement.  Notwithstanding any provisions of this Section 54, the foregoing Collateral Release will not adversely affect or modify: (x) Surety’s right to decline to execute any and all bonds in Surety’s 

4
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discretion, all as further provided in Section 3; (y) the contractual rights of Surety upon default as provided in Section 33 of this Agreement and as provided under the Indemnity Agreement; and (z) Surety’s rights of equitable subrogation, which are hereby acknowledged by the Indemnitors.

(g)    Exhibit A to the Underwriting Agreement is hereby deleted in its entirety and replaced with Exhibit A to this Amendment.

(h)    A new Exhibit E to the Underwriting Agreement is hereby added in the form attached as Exhibit E to this Amendment.

3.    Representations and Warranties.  Each party to this Amendment, individually and for itself only, hereby represents and warrants to each of the other parties as follows: 

(a)    The execution, delivery and performance by such party of this Amendment and the performance by such party of its respective obligations under this Amendment and the Underwriting Agreement, as amended hereby, and the consummation of the transactions contemplated hereby and thereby, (i) have been duly authorized by all necessary corporate or other such action, if any, and (ii) do not and will not, with or without the giving of notice or lapse of time or both, (x) contravene any term or condition of its organizational documents or (y) violate any applicable laws.  Such party has all requisite corporate, partnership or limited liability company power and authority to enter into this Amendment and to perform its obligations hereunder and under the Underwriting Agreement, as amended hereby, as applicable.

(b)    This Amendment has been duly and validly executed and delivered by such party and this Amendment and the Underwriting Agreement, as amended hereby, as applicable, constitute the legal, valid and binding obligations of such party, enforceable against such party in accordance with their terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

4.    Release.  

(a)    Surety hereby (i) releases and terminates all liabilities, duties, covenants, and obligations of the Stallone Companies, together with their respective officers, directors, employees, and their respective successors and assigns, under the Surety Credit Documents (when referred to in this Section 4, “Obligations”), releases all assets and Collateral owned by each Stallone Company, and releases all claims, demands, actions, causes of action, debts, costs, and liabilities whatsoever, whether at law or in equity, under the Surety Credit Documents (when referred to in this Section 4, “Claims”), including, without limitation, any Obligations or Claims that relate to any of the Stallone Companies in the capacity as Indemnitor or Principal;  (ii) releases all Liens of Surety on the Collateral that constitutes assets owned by the Stallone Companies; and (iii) terminates and releases any trusts created in favor of Surety in any funds owned or held by any of the Stallone Companies, provided, that, said funds are not proceeds of any Collateral provided to Surety by any of the other Indemnitors in which Surety retains its Lien and security interest, in each case without the need for 

5
DM3\3445780.4

any further action.  Surety hereby agrees and acknowledges that any and all such Obligations, Claims, and Liens are hereby terminated and released.  Surety and the other parties hereto also agree that the power of attorney granted by any of the Stallone Companies in favor of Quanta pursuant to Section 53 of the Underwriting Agreement is hereby terminated.  Notwithstanding the forgoing or anything in this Agreement or any other Surety Credit Document to the contrary, the foregoing will not release or limit the Stallone Companies from any indemnity or other Obligations of any of the Stallone Companies as may be expressly agreed to by any of such Stallone Companies in any other agreement entered into by any of such Stallone Companies after the Seventh Amendment Effective Date.

(b)    Surety hereby terminates and releases all liabilities, duties, covenants, and Obligations of Principals and the Indemnitors (but, for the avoidance of doubt, excluding the Stallone Companies), together with their respective officers, directors, employees, and their respective successors and assigns, under or in connection with the Stallone Open Bonds, and releases all claims, demands, actions, causes of action, debts, costs, and liabilities whatsoever, whether at law or in equity, under or in connection with the Stallone Open Bonds as they relate to Principals and the Indemnitors (but, for the avoidance of doubt, excluding the Stallone Companies), in each case without the need for any further action.

(c)    Surety will deliver or cause to be delivered to Quanta, or a party designated by Quanta, on the Seventh Amendment Effective Date, UCC Termination Statements and such other lien releases or termination documents, and will take or cause to be taken such other actions, in each case, as Quanta may request in order to evidence or otherwise give public notice of the termination of the Obligations, the Claims and the Liens and collateral terminations and releases of the Collateral of the Stallone Companies, and Quanta and/or its designee(s) are hereby authorized to file such UCC Termination Statements and other lien releases with the appropriate filing offices.

5.    Further Instruments and Actions.  The parties to this Amendment hereby agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent and purpose of this Amendment and the Underwriting Agreement, as amended hereby.

6.    Amendment.  This Amendment may not be amended or modified except by a writing signed by or on behalf of each of the parties hereto.

7.    Headings.  The section headings in this Amendment are included for convenience of reference only and will not constitute a part of this Amendment for any other purpose.

8.    Governing Law.  This Amendment will be governed by and construed and enforced in accordance with the laws of the State of New York (without giving effect to its conflict of laws principles).

9.    Ratification.  The Underwriting Agreement, the other Surety Credit Documents, and any other documents executed and delivered pursuant thereto or in connection therewith are each ratified and confirmed in all respects and will remain in full force and effect in accordance with their respective terms, as modified by this Amendment.

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10.    Entire Agreement.  This Amendment, together with the Underwriting Agreement and the other Surety Credit Documents, represent the entire agreement between the parties hereto concerning the subject matter hereof, and all oral discussions and prior agreements are merged herein.

11.    Severability.  Should any provision of this Amendment be invalid or unenforceable for any reason, the remaining provisions hereof will remain in full effect. 

12.    Binding Agreement.  This Amendment, and the terms, covenants and conditions hereof, will be binding upon the parties hereto and their respective successors and assigns, and will inure to the benefit of the parties and their respective successors and permitted assigns. 

13.    Counterparts.  This Amendment may be executed in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  A facsimile copy of an executed original counterpart of this Amendment shall have the same force and effect as an executed original counterpart.

14.    Effect.  Upon the effectiveness of this Amendment, each reference in the Underwriting Agreement to “this Agreement,” “hereunder” or words of like import shall mean and be a reference to the Underwriting Agreement, as affected and amended by this Amendment.

[Signature Pages Follow]

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DM3\3445780.4

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.
SURETY:

FEDERAL INSURANCE COMPANY

By:    /s/ David  B. Norris, Jr            
Name: David B. Norris, Jr                 
Title:_ Vice President                    

LIBERTY MUTUAL INSURANCE COMPANY

By:    /s/ Kris L. Hill                    
Name: Kris L. Hill                    
Title:    Assistant Secretary                

LIBERTY MUTUAL FIRE INSURANCE COMPANY

By:    /s/ Kris L. Hill                    
Name:    Kris L. Hill                    
Title:    Assistant Secretary                
                        

SAFECO INSURANCE COMPANY OF                                 AMERICA

By:    /s/ Kris L. Hill                    
Name:    Kris L. Hill                    
Title:    Assistant Secretary                

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DM3\3445780.4

AMERICAN HOME ASSURANCE COMPANY 
NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA. THE INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA

By:    /s/ John L. Ames                
Name:    John L. Ames                    
Title:    V.P.___                    

PRINCIPAL/INDEMNITORS:  
 
QUANTA SERVICES, INC.

By:     /s/ Nicholas M. Grindstaff            
Name:    Nicholas M. Grindstaff
Title:    Vice President - Finance
    
BRENT WOODWARD, INC.
CAN-FER UTILITY SERVICES, LLC
CONAM CONSTRUCTION CO.
CRUX SUBSURFACE, INC.
DACON CORPORATION
DASHIELL CORPORATION
ENERGY CONSTRUCTION SERVICES, INC.
FIVE POINTS CONSTRUCTION CO.
HARGRAVE POWER, INC.
H.L. CHAPMAN PIPELINE CONSTRUCTION, 
   INC.
INFRASOURCE CONSTRUCTION, LLC
INFRASOURCE FIELD SERVICES, LLC
INFRASOURCE INSTALLATION, LLC
INFRASOURCE, LLC
INFRASOURCE SERVICES, LLC
INTERMOUNTAIN ELECTRIC, INC.
IRBY CONSTRUCTION COMPANY
ISLAND MECHANICAL CORPORATION    
J.C.R. CONSTRUCTION CO., INC.
J.W. DIDADO ELECTRIC, LLC
MANUEL BROS., INC.
MEARS CONSTRUCTION, LLC
MEARS GROUP, INC.
MEJIA PERSONNEL SERVICES, INC.
MERCER SOFTWARE SOLUTIONS, LLC

9
DM3\3445780.4

M.J. ELECTRIC, LLC
NORTHSTAR ENERGY SERVICES, INC.
NOVA GROUP, INC.
NOVA NEXTGEN SOLUTIONS, LLC
PAR ELECTRICAL CONTRACTORS, INC.
PERFORMANCE ENERGY SERVICES, L.L.C.
PHOENIX POWER GROUP, INC.
POTELCO, INC.
PRICE GREGORY INTERNATIONAL, INC.
PROBST ELECTRIC, INC.
QPS ENGINEERING, LLC
QUANTA ELECTRIC POWER SERVICES, LLC
QUANTA ENERGY SERVICES, LLC
QUANTA FIELD SERVICES, LLC
QUANTA-POTELCO ELECTRICAL UTILITIES,
     LLC
QUANTA POWER GENERATION, INC.
QUANTA TECHNOLOGY, LLC
QUANTA UTILITY INSTALLATION 
     COMPANY, INC.
ROAD BORE CORPORATION
SERVICE ELECTRIC COMPANY
SOUTHWEST TRENCHING COMPANY, INC.
SUMMIT LINE CONSTRUCTION, INC.
SUMTER UTILITIES, INC.
T. G. MERCER CONSULTING SERVICES, INC.
THE RYAN COMPANY, INC.
TOM ALLEN CONSTRUCTION COMPANY
UNDERGROUND CONSTRUCTION CO., INC.
UTILIMAP CORPORATION
UTILITY LINE MANAGEMENT SERVICES,  
   INC.
WINCO, INC.

By:     /s/ Nicholas M. Grindstaff            
Name:    Nicholas M. Grindstaff
Title:    Treasurer

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DIGCO UTILITY CONSTRUCTION, L.P.
LINDSEY ELECTRIC, L.P.
NORTH HOUSTON POLE LINE, L.P.

By: Mejia Personnel Services, Inc., Its General     
       Partner                        

By:     /s/ Nicholas M. Grindstaff            
Name:    Nicholas M. Grindstaff
Title:    Treasurer

STALLONE COMPANIES:

QUANTA FIBER NETWORKS, INC.
INFRASOURCE FI, LLC
SUNESYS, LLC
SUNESYS OF MASSACHUSETTS, LLC
SUNESYS OF VIRGINIA, INC.

By:     /s/ Nicholas M. Grindstaff            
Name:    Nicholas M. Grindstaff
Title:    Treasurer
                                            

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DM3\3445780.4

Exhibit A

LIST OF PRINCIPAL/INDEMNITORS

	
					
	Principal
	Jurisdiction of Formation
	Location of Chief Executive Office and Principal Place of Business
	Tax ID No.
	Prior Names or Trade Names

	Quanta Services, Inc.
	Delaware
	2800 Post Oak Blvd., Suite 2600
Houston, TX 77056
	74-2851603
	None

	Brent Woodward, Inc.
	Oregon
	3743 N. Hwy 97
Redmond, OR 97756
	93-1096658
	None

	CAN-FER Utility Services, LLC
	Delaware
	3340 Roy Orr Boulevard
Grand Prairie, TX 75050
	76-0589263
	CAN-FER Construction Company

Quanta Utility Services, LLC

Northern Line Layers, LLC

	Conam Construction Co.
	Texas
	301 W. Northern Lights Blvd., Ste. 300
Anchorage, AK 99503
	75-1984829
	None

	Crux Subsurface, Inc.
	Delaware
	16707 E. Euclid Ave.
Spokane Valley, WA 99216
	76-0644263
	Quanta LXV Acquisition, Inc.

Crux Engineering Group

Inland Pacific Drill Supply

	Dacon Corporation
	Delaware
	1300 Underwood Road
Deer Park, TX 77536
	20-3699950
	Dacon, LLC

	Dashiell Corporation
	Delaware
	12301 Kurland Drive
Ste. 400
Houston, TX 77034
	20-3699713
	Dashiell, LLC

Dacon Corporation

Dashiell (DE) Corporation

	Digco Utility Construction, L.P.
	Delaware
	1608 Margaret Street
Houston, TX 77093
	76-0612176
	Digco Utility Construction Limited Partnership
Ranger Field Services, Inc.

	Energy Construction Services, Inc.
	Delaware
	14100 East Thirty-Fifth Place Ste. 100, 
Aurora, CO 80011
	27-4914829
	None

	Five Points Construction Co.
	Texas
	5145 Industrial Way
Benicia, CA 94510
	94-2738636
	None

	Hargrave Power, Inc.
	Delaware
	3340 Roy Orr Blvd., Ste. 203 
Grand Prairie, TX  75050
	76-0612175
	DE Southeast Pipeline Construction, Inc.

Quanta Utility Services-Gulf States, Inc.

	H. L. Chapman Pipeline Construction, Inc.
	Delaware
	9250 FM 2243
Leander, TX 78641
	76-0598341
	DB Utilities

Sullivan Welding

Chapman Pipeline Construction, Inc., H.L.

     EXHIBIT A
DM3\3445780.4

	
					
	Principal
	Jurisdiction of Formation
	Location of Chief Executive Office and Principal Place of Business
	Tax ID No.
	Prior Names or Trade Names

	InfraSource Construction, LLC
	Delaware
	4033 East Morgan 
Ypsilanti, MI 48197
	04-3633384
	IUC Illinois, LLC
IUC North Dakota
IUC Nebraska, LLC
IUC Underground, LLC
InfraSource Underground Construction, LLC
QS Mats
Trans Tech Electric

	InfraSource Field Services, LLC
	Delaware
	4033 East Morgan 
Ypsilanti, MI 48197
	27-1426720
	None

	InfraSource Installation, LLC
	Delaware
	4033 East Morgan 
Ypsilanti, MI 48197
	41-1625874
	None

	InfraSource, LLC
	Delaware
	411 Edwardsville Road
Troy, IL 62294
	20-5703765
	InfraSource Construction California, Inc.
IUS Underground, LLC

	InfraSource Services, LLC
	Delaware
	14103 Stewart Road
Sumner, WA 98390
	30-0743355
	None

	Intermountain Electric, Inc.
	Colorado
	14100 East Thirty-Fifth Place Ste. 100, 
Aurora, CO 80011

	84-0906573
	Colorado IM Electric
Grand Electric Company
IME
IM Electric, Inc.
IME – Intermountain Electric, Inc.

	Irby Construction Company
	Mississippi
	817 S. State Street
Jackson, MS 39201
	64-0902002
	Irby Construction Company, Inc.
Okay Construction Company, LLC

	Island Mechanical Corporation
	Hawaii
	91-230 Kuhela St.
Kapolei, HI 96707
	99-0299930
	None

	J.C.R. Construction Co., Inc.
	New Hampshire
	181 Route 27
Raymond, NH  03077
	02-0392585
	None

	J.W. Didado Electric, LLC
	Delaware
	1022 Kelly Avenue
Akron, OH  44306
	47-3297963
	None

	Lindsey Electric, L.P.
	Texas
	1608 Margaret Street
Houston, TX 77093
	02-0557008
	None

	Manuel Bros., Inc.
	Delaware
	908 Taylorville Road, 
Suite 104
Grass Valley, CA 95949
	76-0577087
	Renaissance Construction
Western Directional

	Mears Construction, LLC
	Georgia
	4033 East Morgan 
Ypsilanti, MI 48197
	58-1696154
	InfraSource Underground Construction Services, LLC
InfraSource Construction Services, LLC
Mears Construction of GA, LLC

	Mears Group, Inc.
	Delaware
	4500 N. Mission Road
Rosebush, MI 48878
	76-0612167
	Mears/CPG LLC
Mears/HDD, LLC

     2
DM3\3445780.4

	
					
	Principal
	Jurisdiction of Formation
	Location of Chief Executive Office and Principal Place of Business
	Tax ID No.
	Prior Names or Trade Names

	Mejia Personnel Services, Inc.
	Texas
	2800 Post Oak Blvd., Ste. 2600, Houston, TX 77056
	75-2575734
	None

	Mercer Software Solutions, LLC
	Texas
	120 El Chico Trail
Willow Park, TX 76087
	45-3082618
	Mercer Technical Services

	M.J. Electric, LLC
	Delaware
	200 W. Frank Pipp Drive Iron Mountain, MI 49801
	20-5565796
	Great Lakes Line Builders
M.J. Electric California, Inc.
M.J. Electric, LLC Iron Mountain
Iron Mountain M.J. Electric, LLC

	North Houston Pole Line, L.P.
	Texas
	1608 Margaret Street
Houston, TX 77093
	74-1675857
	Quanta Foundation Services
Quanta Foundation Services, Limited Partnership

	NorthStar Energy Services, Inc. 

	North Carolina
	11712 Statesville Road
Huntersville, NC  28078
	56-0861169
	InfraSource Pipeline Facilities, Inc.
Bradford Brothers, Incorporated

	Nova Group, Inc.
	California
	185 Devlin Road
Napa, CA 94558
	94-1395150
	NGI Construction, Inc.
NGI Construction

	Nova NextGen Solutions, LLC
	Delaware
	185 Titus Avenue
Warrington, PA 18976
	27-1243294
	None

	PAR Electrical Contractors, Inc.
	Missouri
	4770 North Belleview Avenue, Ste. 300
Kansas City, MO 64116
	44-0591890
	Riggin & Diggin Line Construction, Inc.
Computapole
Union Power Construction Company
Seaward Corporation
Longfellow Drilling, Inc.
Par Infrared Consultants

	Performance Energy Services, L.L.C.
	Louisiana
	132 Valhi Lagoon Crossing
Houma, LA 70360
	72-1477905
	None

	Phoenix Power Group, Inc.
	Delaware
	711 Grand Blvd.
Deer Park, New York 11729
	45-4066382
	None

	Potelco, Inc.
	Washington
	14103 8th Street East
Sumner, WA 98390
	91-0784248
	Allteck Line Contractors (USA), Inc.
Kingston Constructors, Inc.
Kuenzi Construction, Inc.
NorAm Telecommunications, Inc.
Potelco, Incorporated

	Price Gregory International, Inc.
	Delaware
	920 Memorial City Way, Ste. 600
Houston, TX 77024
	73-1103884
	None

     3
DM3\3445780.4

	
					
	Principal
	Jurisdiction of Formation
	Location of Chief Executive Office and Principal Place of Business
	Tax ID No.
	Prior Names or Trade Names

	Probst Electric, Inc.
	Utah
	875 South 6th West
Ste. 600
Heber City, UT 84032
	46-2477123
	None

	QPS Engineering, LLC
	Delaware
	4500 S. Garnett
Exchange Center,
Ste. 700
Tulsa, OK 74
	27-1803910
	None

	Quanta Electric Power Services, LLC
	Delaware
	2800 Post Oak Blvd., Suite 2600
Houston, Texas 77056
	46-1225848
	None

	Quanta Energy Services, LLC
	Delaware
	2800 Post Oak Blvd., Suite 2600
Houston, Texas 77056
	46-1255956
	None

	Quanta Field Services, LLC
	Delaware
	5445 DTC Parkway
Ste. 1200
Greenwood Village, CO 80111
	90-1021748
	None

	Quanta-Potelco Electrical Utilities, LLC
	Delaware
	2800 Post Oak Blvd., Suite 2600
Houston, Texas 77056
	47-4072819
	None

	Quanta Power Generation, Inc.
	Delaware
	5445 DTC Parkway
Ste. 1200
Greenwood Village, CO 80111
	26-2274603
	Quanta Renewable Energy Services, LLC
Quanta Renewable Energy
Quanta Fossil Power
Quanta

	Quanta Technology, LLC
	Delaware
	4020 Westchase Blvd.
Ste. 300
Raleigh, NC 27607
	56-2677058
	Delaware Quanta Technology, LLC

	Quanta Utility Installation Company, Inc.
	Delaware
	2800 Post Oak Blvd., Suite 2600
Houston, Texas 77056
	76-0592449
	None

	Road Bore Corporation
	Hawaii
	91-230 Kuhela St.
Kapolei, HI 96707
	99-0299930
	None

	Service Electric Company
	Delaware
	1621 East 25th Street
Chattanooga, TN 37404
	76-0644270
	Quanta LXVI Acquisition, Inc.

	Southwest Trenching Company, Inc.
	Texas
	1608 Margaret St.
Houston, Texas 77093
	76-0106600
	None

	Summit Line Construction, Inc.
	Utah
	875 South Industrial Pkwy
Heber City, UT 84032
	27-1618499
	None

	Sumter Utilities, Inc.
	Delaware
	1151 North Pike West 
Sumter, SC 29153
	76-0577089
	Sumter Builders Construction Contracting

	T. G. Mercer Consulting Services, Inc.
	Texas
	120 El Chico Trail
Willow Park, TX 76087
	71-0679572
	None

     4
DM3\3445780.4

	
					
	Principal
	Jurisdiction of Formation
	Location of Chief Executive Office and Principal Place of Business
	Tax ID No.
	Prior Names or Trade Names

	The Ryan Company, Inc.
	Massachusetts
	15 Commerce Way
Norton, MA 02766
	04-2387367
	Eastern Communications Corp.
The Ryan Company, Inc. of Massachusetts
The Ryan Company of Massachusetts
Ryan Company Inc. (The)
The Ryan Company Incorporated of Massachusetts
The Ryan Company Incorporated Electrical Contractors

	Tom Allen Construction Company
	Delaware
	411 Edwardsville Road
Troy, Illinois 62294
	76-0589277
	TA Construction

Allen Construction Company, Tom

	Underground Construction Co., Inc.
	Delaware
	5145 Industrial Way
Benicia, CA 94510
	76-0575471
	Delaware Underground Construction Co.

Maryland Underground Construction Co., Inc.

Underground Construction Co., Inc. (Delaware)

UCC-Underground Construction Co., Inc.

	Utilimap Corporation
	Missouri
	10025 Office Center Ave.
St. Louis, MO 63128
	43-1939873
	Computapole

	Utility Line Management Services, Inc.
	Delaware
	4770 North Belleview Avenue, Suite 300
Kansas City, Missouri 64116-2188
	76-0612162
	None

	Winco, Inc.
	Oregon
	22300 NE Yellow Gate Lane
Aurora, OR  97002
	93-1077101
	Winco Powerline Services

     5
DM3\3445780.4

Exhibit E

STALLONE OPEN BONDS

(Attached)

17
DM3\3445780.4Exhibit

     

Exhibit 10.4

BAUSCH HEALTH COMPANIES INC. MATCHING RESTRICTED STOCK UNIT AGREEMENT (MATCHING UNITS) 
(2014 Omnibus Incentive Plan)

Bausch Health Companies Inc. (the “Company”), pursuant to the Company’s 2014 Amended and Restated Omnibus Incentive Plan (including the Addendum thereto) (the “Plan”), hereby awards to you a Restricted Stock Unit Award in the form of matching share units (the “Matching Restricted Stock Units” or the “Award”), payable in common shares of the Company (“Common Shares”), covering the number of Common Shares set forth below.  This Award is subject to all of the terms and conditions as set forth herein (the “Agreement”) and in the Plan, which is incorporated herein in its entirety. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Plan. In the event of any conflict between the terms in the Agreement and the Plan, the terms of the Plan shall control.
	
		
	Participant:
	 

	Date of Grant:
	 

	Number of Shares Subject to Award:
	 

	Purchase Period:
	Calendar quarter ending on the Date of Grant (or, if

	 
	the Date of Grant is not the last day of a calendar

	 
	quarter, the full calendar quarter immediately

	 
	preceding the Date of Grant)

     
The details of your Award are as follows.
1.CONSIDERATION.  Consideration for this Award is satisfied by your services to the Company and your purchase and retention of the Purchased Shares (as defined in Section 2(b) of this Agreement).
2.    VESTING.  
(a)    In General.  Subject to the provisions of the Plan and this Agreement, one-third of the Award shall vest on each of the first three anniversaries of the Date of Grant (each such anniversary, a “Vesting Date”); provided you are employed through the applicable Vesting Date.  Vesting will cease upon termination of your employment (except as set forth below in Sections 2(d), (e), and (f)).  Any Stock Units that did not become vested prior to your termination of employment or that do not become vested according to the provisions in this Section 2 shall be forfeited immediately following the date of your termination of employment.  Settlement of vested Awards shall be pursuant to Section 3 below.
(b)    Additional Forfeiture Provisions. Notwithstanding the provisions of Section 2(a), if (i) prior to the third anniversary of the Date of Grant, you sell (or otherwise dispose 

    

     

of in a manner not specifically approved by the Committee) any Purchased Shares (as defined below), an equal number of unvested Matching Restricted Stock Units (up to the maximum number of Matching Restricted Stock Units unvested as of the date of sale or disposition) shall be forfeited, with the Matching Restricted Stock Units next scheduled to vest being forfeited first. In addition, to the extent following the Date of Grant, the Company becomes aware that you sold Common Shares in the six (6) month period prior to the Date of Grant, such that, had the Company been aware of such sale prior to the Date of Grant, some or all of the Matching Restricted Stock Units would not have been granted to you pursuant to the terms of this Agreement, a number of Matching Restricted Stock Units (whether or not vested) equal to the number of Common Shares sold shall be forfeited, with the Matching Restricted Stock Units next scheduled to vest being forfeited first. For purposes of this Agreement, “Purchased Shares” shall mean the Common Shares that you purchase during the Purchase Period (as set forth above; provided, however, that the aggregate number of Purchased Shares shall not exceed the number of Matching Restricted Stock Units granted to you hereunder.  For the avoidance of doubt, the net settlement of any previously granted equity awards to satisfy exercise price or tax withholding obligations shall not be considered a sale or other disposition of Common Shares for purposes of this Agreement.
(c)    Notification Requirements. You hereby agree to notify the Company of any Purchased Shares that you sell prior to the third anniversary of the Date of Grant, and the Company, in its sole discretion, has the authority to determine whether such sale results in the forfeiture of any Matching Restricted Stock Units in accordance with the terms of this Agreement. 
(d)    Vesting Acceleration Upon Termination due to Death or Disability.  Notwithstanding the foregoing and any other provisions of the Plan to the contrary, in the event that your employment is terminated by the Company due to your death or Disability, then any unvested portion of your Matching Restricted Stock Units will vest on the date of your termination of employment. 
(e)    Vesting Acceleration Upon Termination without Cause.  Notwithstanding the foregoing and any other provisions of the Plan to the contrary, in the event that your employment is terminated by the Company without Cause or by you for Good Reason, then an additional number of your Matching Restricted Stock Units will vest as of the date of your termination, equal to the number of your unvested Restricted Stock Units multiplied by a fraction, the numerator of which is the number of days from the prior Vesting Date through the date of your termination, and the denominator of which is 365, conditioned on you (i) having been employed at the Company for at least twelve (12) months following the Date of Grant; and (ii) delivering to the Company, and failing to revoke, a signed release of claims acceptable to the Company within fifty-five (55) days following the date of your termination.
(f)    Vesting Acceleration Upon Termination without Cause in Connection with a Change of Control.  Notwithstanding the foregoing and any other provisions of the Plan to the contrary, in the event that your employment is terminated by the Company without Cause within twelve (12) months following a Change of Control, then any portion of your Matching Restricted Stock Units that was not cancelled in connection with such Change of Control will vest on the date of your termination of employment, conditioned on you (i) having been employed at the Company for at least twelve (12) months following the Date of Grant; and (ii) delivering to the 

     2
    

     

Company, and failing to revoke, a signed release of claims acceptable to the Company within fifty-five (55) days following the date of your termination.
3.    DISTRIBUTION OF COMMON SHARES.  The Company will deliver to you a number of Common Shares equal to (i) the number of Matching Restricted Stock Units subject to your Award that become vested in accordance with the terms of this Agreement, plus (ii) any Matching Restricted Stock Units resulting from dividend equivalents credited with respect to such Matching Restricted Stock Units in accordance with Section 6 of this Agreement, as soon as practicable (but, subject to Section 7(c)(vi) of the Plan regarding blackout restrictions, in any event no later than sixty (60) days) following the date on which such Matching Restricted Stock Units become vested; provided, that, notwithstanding anything in the Plan to the contrary, if the Company terminates your service for Cause prior to the date on which the Common Shares are distributed to you, you shall forfeit any right to such distribution of Common Shares.
4.    NUMBER OF SHARES.  The number of Common Shares subject to your Award may be adjusted from time to time for capital adjustments, as provided in the Plan.  The Company will establish a bookkeeping account to reflect the number of Matching Restricted Stock Units standing to your credit from time to time.  However, you will not be deemed to be the holder of, or to have any of the rights of a shareholder with respect to, any Common Shares subject to your Award (including but not limited to shareholder voting rights) unless and until the shares have been delivered to you in accordance with Section 3 of this Agreement.
5.    COMMON SHARE OWNERSHIP REQUIREMENTS.  You agree to comply with any Common Share ownership requirements adopted by the Company applicable to you, which shall be on the same terms as similarly situated executives of the Company.
6.    DIVIDEND EQUIVALENTS.  The bookkeeping account maintained for your Award shall, until the final Vesting Date or the termination and cancellation or forfeiture of the Matching Restricted Stock Units pursuant to the terms of this Agreement, be allocated additional Matching Restricted Stock Units on the payment date of dividends on the Company’s Common Shares.  Such dividends will be converted into a number of additional Common Shares covered by the Matching Restricted Stock Units equal to the quotient of (i) the aggregate amount or value of the dividends paid with respect to that number of Common Shares equal to the number of shares covered by the Matching Restricted Stock Units divided by (ii) the Market Price per Common Share on the payment date for such dividend.  Any such additional Matching Restricted Stock Units shall have the same Vesting Dates and vest in accordance with the same terms as the Matching Restricted Stock Units granted under this Agreement.
7.    CLAWBACK. This Agreement is subject to any policy the Company adopts regarding the recovery of incentive compensation and any additional clawback provisions as required by law and applicable listing rules.
8.    COMPLIANCE WITH SECTION 409A OF THE INTERNAL REVENUE CODE.  The Award is intended to comply with section 409A of the Code to the extent subject thereto, and shall be interpreted in accordance with section 409A of the Code and treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations 

     3
    

     

or other guidance that may be issued after the Date of Grant.  Notwithstanding any provision in the Plan to the contrary, no payment or distribution under this Plan that constitutes an item of deferred compensation under section 409A of the Code and becomes payable by reason of your termination of employment or service with the Company shall be made to you until your termination of employment or service constitutes a separation from service within the meaning of section 409A of the Code.  For purposes of this Award, each amount to be paid or benefit to be provided shall be construed as a separate identified payment for purposes of section 409A of the Code.  Notwithstanding any provision in the Plan to the contrary, if you are a specified employee within the meaning of section 409A of the Code, then to the extent necessary to avoid the imposition of taxes under section 409A of the Code, you shall not be entitled to any payments upon a termination of your employment or service until the earlier of:  (i) the expiration of the six (6)-month period measured from the date of your separation from service or (ii) the date of your death.  Upon the expiration of the applicable waiting period set forth in the preceding sentence, all payments and benefits deferred pursuant to this Section 8 (whether they would have otherwise been payable in a single lump sum or in installments in the absence of such deferral) shall be paid to you in a lump sum as soon as practicable, but in no event later than sixty (60) calendar days, following such expired period, and any remaining payments due under this Award will be paid in accordance with the normal payment dates specified for them herein.  Notwithstanding any provision of the Plan to the contrary, in no event shall the Company or any affiliate be liable to you on account of an Award’s failure to (i) qualify for favorable U.S. or foreign tax treatment or (ii) avoid adverse tax treatment under U.S. or foreign law, including, without limitation, section 409A of the Code.
9.    SECURITIES LAW COMPLIANCE.  You may not be issued any Common Shares under your Award unless the Common Shares are either (i) then registered under the Securities Act of 1933, as amended (the “Securities Act”) or (ii) the Company has determined that such issuance would be exempt from the registration requirements of the Securities Act.  Your Award must also comply with other applicable laws and regulations governing the Award, and you shall not receive such shares if the Company determines that such receipt would not be in material compliance with such laws and regulations.
10.    RESTRICTIVE LEGENDS.  The Common Shares issued under your Award shall be endorsed with appropriate legends, if any, determined by the Company. 
11.    TRANSFERABILITY.  Except as otherwise permitted by the Committee in accordance with the terms of the Plan, your Award is not transferable, except by will or by the laws of descent and distribution.  Notwithstanding the foregoing, by delivering written notice to the Company, in the form prescribed by the Company, you may designate a third party who, in the event of your death, will thereafter be entitled to receive any distribution of Common Shares pursuant to Section 3 of this Agreement. 
12.    AWARD NOT A SERVICE CONTRACT.  Your Award is not an employment or service contract, and nothing in your Award will be deemed to create in any way whatsoever any obligation on your part to continue in the service of the Company or an affiliate, or on the part of the Company or an affiliate to continue such service.  In addition, nothing in your Award will obligate 

     4
    

     

the Company or an affiliate, their respective shareholders, boards of directors or employees to continue any relationship that you might have as an employee of the Company or an affiliate. 
13.    UNSECURED OBLIGATION.  Your Award is unfunded, and as a holder of a vested Restricted Stock Unit, you will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue Common Shares pursuant to this Agreement. You will not have voting or any other rights as a shareholder of the Company with respect to the Common Shares subject to your Award until such Common Shares are delivered to you pursuant to Section 3 of this Agreement. Upon such delivery, you will obtain full voting and other rights as a shareholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.
14.    WITHHOLDING OBLIGATIONS.  On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate which arise in connection with your Award (the “Withholding Taxes”).  The Company shall (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the Common Shares with an aggregate Market Price (measured as of the date Common Shares are delivered pursuant to Section 3) equal to the amount of the applicable Withholding Taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld to satisfy the Company’s required tax withholding obligations and (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities.
15.    NOTICES.  Any notices provided for in your Award or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. 
16.    HEADINGS.  The headings of the Sections in this Agreement are inserted for convenience only and will not be deemed to constitute a part of this Agreement or to affect the meaning of this Agreement. 
17.    AMENDMENT.  Nothing in this Agreement shall restrict the Company’s ability to exercise its discretionary authority pursuant to Section 4 of the Plan; provided, however, that no such action may, without your consent, adversely affect your rights under your Award and this Agreement.  Without limiting the foregoing, the Board (or appropriate committee thereof) reserves the right to change, by written notice to you, the provisions of this Agreement in any way it may deem necessary or advisable to carry out the purpose of the grant as a result of any change in applicable laws or regulations or any future law, regulation, ruling, or judicial decision; provided that any such change will be applicable only to rights relating to that portion of the Award which is then subject to restrictions as provided herein. 

     5
    

     

18.    MISCELLANEOUS. 
(a)    The rights and obligations of the Company under your Award will be transferable by the Company to any one or more persons or entities, and all covenants and agreements hereunder will inure to the benefit of, and be enforceable by the Company’s successors and assigns. 
(b)    You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of your Award. 
(c)    You acknowledge and agree that you have reviewed your Award in its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting your Award and fully understand all provisions of your Award.  This Agreement and the Plan contain the entire agreement and understanding among the parties as to the subject matter hereof, and supersede any other agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof (including, without limitation, the provisions in your employment letter with respect thereto).
(d)    This Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 
(e)    All obligations of the Company under the Plan and this Agreement will be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 
19.    GOVERNING PLAN DOCUMENT. Your Award is subject to all the provisions of the Plan, the provisions of which are hereby made a part of your Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan.  In the event of any conflict between the provisions of your Award and those of the Plan, the provisions of the Plan will control; provided, however, for avoidance of doubt, terms contained in the Agreement but not in the Plan shall not constitute a conflict and such terms in the Agreement shall control.  The Committee will have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation, and application of the Plan as are consistent therewith and to interpret or revoke any such rules.  All actions taken and all interpretations and determinations made by the Committee will be final and binding upon you, the Company, and all other interested persons.  No member of the Board or the Committee will be personally liable for any action, determination, or interpretation made in good faith with respect to the Plan or this Agreement. 
20.    EFFECT ON OTHER EMPLOYEE BENEFIT PLANS.  The value of the Award subject to this Agreement will not be included as compensation, earnings, salaries, or other similar terms used when calculating the employee’s benefits under any employee benefit plan sponsored by the Company or any affiliate except as such plan otherwise expressly provides.  The Company 

     6
    

     

expressly reserves its rights to amend, modify, or terminate any of the Company’s or any affiliate’s employee benefit plans. 
21.    CHOICE OF LAW.  The interpretation, performance and enforcement of this Agreement will be governed by the laws of the Province of Ontario and the laws of Canada. Each of the parties submits to the exclusive jurisdiction of the state courts within the State of New Jersey. In any issue, claim, demand, action, cause of action, suit or proceeding arising out of, or relating to, this Agreement, each of the parties agrees that all claims in respect of the action or proceeding may be heard and determined in any such court, and agrees not to bring any action or proceeding arising out of, relating to, based on or in connection with this Agreement in any other court. Each of the parties waives any defense of inconvenient forum to the maintenance of any action or proceeding so brought and waives any bond, surety or other security that might be required of any other party with respect thereto.
22.    SEVERABILITY.  If all or any part of this Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity will not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid.  Any Section of this Agreement (or part of such a Section) so declared to be unlawful or invalid will, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid. 

     7

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