Document:

Tax Sharing Agreement, dated as of October 10, 2007

 Exhibit 10(zzz) 
 EXECUTION VERSION 
 TAX SHARING AGREEMENT 
 THIS AGREEMENT, dated as of October 10, 2007, is among TXU Corp., a Texas corporation (“TXU”), Oncor Electric Delivery Holdings
LLC, a Delaware limited liability company (“Oncor Holdings”), a wholly owned subsidiary of Energy Future Intermediate Holding Company LLC, a Delaware limited liability company (“EFI”), which is itself a direct
wholly-owned subsidiary of TXU, and Oncor Electric Delivery Company LLC, a Delaware liability company and a wholly owned subsidiary of Oncor Holdings (“Oncor” and TXU, Oncor Holdings and Oncor collectively, the
“Parties”). 
 RECITALS: 
 WHEREAS, TXU and EFI are members of an affiliated group of corporations of which TXU is the common parent corporation, as those terms are defined in Section 1504 of the Code and the Treasury Regulations
promulgated thereunder; 
 WHEREAS, the TXU Group and members of the Oncor Holdings Group wish to file consolidated and combined Tax Returns
(as if they were corporations) and allocate their mutual rights and obligations in respect of their Taxes amongst themselves; 
 WHEREAS, the
Parties wish to apply similar provisions with respect to any Tax Returns now or hereafter filed by TXU in any foreign, state or local jurisdiction; 
  

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 NOW, THEREFORE, in consideration of these promises and of the mutual agreements and covenants herein
contained, the Parties agree as follows: 
 SECTION 1. Definitions. The following terms shall have the following meanings (such
meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “Additional TXU
Group Tax Liability” has the meaning set forth in Section 9. 
 “Affiliate” means any Person
that directly or indirectly through one or more intermediaries, Controls, is Controlled by, or is under common Control with a specified Person. In determining whether an Affiliate is an Affiliate of Oncor Holdings or TXU for any period, no member of
the Oncor Holdings Group (including Oncor Holdings) shall be an Affiliate of TXU, and no member of the TXU Group (including TXU ) shall be an Affiliate of Oncor Holdings. 
 “Agreement Disputes” has the meaning set forth in Section 12. 
 “Applicable Tax Returns” has the meaning set forth in Section 10. 
 “Applicable Taxable Year” means a taxable year relating to an Applicable Tax Return. 
 “Business Day” shall mean any day ending at 11:59 p.m. (Eastern Time) other than a Saturday or Sunday or a day on which
banks are required or authorized to close in the City of New York. 
 “Code” means the Internal Revenue Code
of 1986, as amended. 
  

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 “Control” or “Controlled” means, in respect of any
Person, the presence of the legal, beneficial or equitable ownership, directly or indirectly, of more than 50% (by vote or value) of the capital or voting stock (or other ownership or voting interest, if not a corporation) of such Person.

 “Estimated Tax Installment Date” means the estimated Tax installment due dates prescribed in
Section 6655(c) of the Code (currently April 15, June 15, September 15, and December 15), as may be extended under applicable law and any other date on which an installment of estimated Taxes is required to be made
(including March 15, to the extent relevant for any extension payment). 
 “Final Determination” means
in respect of any issue (a) a decision, judgment, decree or other order by any court of competent jurisdiction, which decision, judgment, decree or other order has become final and not subject to further appeal, (b) a closing agreement
whether or not entered into under Section 7121 of the Code or any other binding settlement agreement (whether or not with the Internal Revenue Service) entered into in connection with or in contemplation of an administrative or judicial
proceeding, (c) the completion of the highest level of administrative proceedings if a judicial contest is not or is no longer available, or (d) any other final disposition, including by reason of the expiration of the applicable statute
of limitations or any other event that the parties agree in writing is a final and irrevocable determination of the liability at issue. 
 “Governmental Authority” shall mean any federal, state, local (including any municipal or political subdivision), foreign or international court, government, department, commission, board, bureau,
agency, instrumentality, self-regulatory authority, stock exchange or other regulatory, administrative or governmental authority. 
  

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 “Jointly Owned Entity” means any Person, that is not treated as a
flow-through entity for tax purposes, whose ownership interests are owned at the same time by at least two of the following entities: (i) a member of the TXU Group, (ii) a member of the Oncor Holdings Group (excluding any member of the
Oncor Group) and (iii) a member of the Oncor Group. 
 “Law” shall mean all laws, statutes and
ordinances and all regulations, rules and other pronouncements of Governmental Authorities having the effect of law of the United States, any foreign country, or any domestic or foreign state, province, commonwealth, city, country, municipality,
territory, protectorate, possession or similar instrumentality, or any Governmental Authority thereof. 
 “Oncor
Distributions Group” shall mean each member of the Oncor Holdings Group, excluding the Oncor Group. 
 “Oncor
Group” means Oncor and any Subsidiaries of Oncor. 
 “Oncor Holdings Excess Separate Tax Liability”
shall mean an amount equal to the excess of (i) the Oncor Holdings Separate Tax Liability over (ii) the Oncor Separate Tax Liability. 
 “Oncor Holdings Group” means Oncor Holdings and any Subsidiaries of Oncor Holdings. 
  

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 “Oncor Holdings Indemnified Party” shall include each member of the
Oncor Holdings Group, each of their Representatives and Affiliates, and each of their respective heirs, executors, trustees, administrators, successors and assigns. 
 “Oncor Holdings Separate Tax Liability” shall mean (A) with respect to Applicable Taxable Years that ended prior to
the date of this Agreement, an amount equal to the Tax liability of Oncor with respect to such Applicable Taxable Years determined in accordance with the prior practice of the parties, and (B) with respect to Applicable Taxable Years ending
after the date of this Agreement, an amount equal to the sum of (i) the Tax liability that the Oncor Holdings Group and each member of the Oncor Holdings Group would have incurred if Oncor Holdings had filed a consolidated or combined Tax
Return (assuming Oncor Holdings was treated as a corporation for tax purposes) for itself and each member of the Oncor Holdings Group separate and apart from the TXU Group and any member of the TXU Group and (ii) where a consolidated or
combined Tax Return is not available under applicable law, the Tax liability that Oncor Holdings (for the avoidance of doubt, treating Oncor Holdings as a corporation for tax purposes) and/or each member of the Oncor Holdings Group would have
incurred if Oncor Holdings and/or such member of the Oncor Holdings Group had filed such Tax Return for itself. For the avoidance of doubt, the Oncor Holdings Separate Tax Liability shall take into account any Tax Attribute that is
(x) reflected on the balance sheet of Oncor Holdings as of the date of this Agreement or (y) properly allocable to any member of the Oncor Holdings Group following the execution of this Agreement. In the event that Oncor Holdings becomes a
partnership for U.S. federal income tax purposes, then the “Oncor Holdings Separate Tax Liability” shall be calculated (i) as if Oncor Holdings were a corporation and (ii) by reducing the taxable income of Oncor Holdings to the
extent taxable income is allocated to equity holders of Oncor Holdings that are not Controlled by TXU. 
  

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 “Oncor Separate Tax Liability” shall mean (A) with respect to
Applicable Taxable Years that ended prior to the date of this Agreement, an amount equal to the Tax liability of Oncor with respect to such Applicable Taxable Years determined in accordance with the prior practice of the parties, and (B) with
respect to Applicable Taxable Years ending after the date of this Agreement, an amount equal to the sum of (i) the Tax liability that the Oncor Group and each member of the Oncor Group would have incurred if Oncor had filed a consolidated or
combined Tax Return (assuming Oncor was treated as a corporation for tax purposes) for itself and each member of the Oncor Group separate and apart from the TXU Group, the Oncor Distributions Group and any member of the TXU Group or the Oncor
Distributions Group and (ii) where a consolidated or combined Tax Return is not available under applicable law, the Tax liability that Oncor (for the avoidance of doubt, treating Oncor as a corporation for tax purposes) and/or each member of
the Oncor Group would have incurred if Oncor and/or such member of the Oncor Group had filed such Tax Return for itself. For the avoidance of doubt, the Oncor Separate Tax Liability shall take into account any Tax Attribute that is
(x) reflected on the balance sheet of Oncor as of the date of this Agreement or (y) properly allocable to any member of the Oncor Group following the execution of this Agreement. In the event that Oncor becomes a partnership for U.S.
federal income tax purposes, then the “Oncor Separate Tax Liability” shall be calculated (i) as if Oncor were a corporation and (ii) by reducing the taxable income of Oncor to the extent taxable income is allocated to equity
holders of Oncor that are not Controlled by TXU. 
  

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 “Person” shall mean an individual, a general or limited partnership, a
joint venture, a corporation (including not-for-profit), a trust, a limited liability company, an association, an unincorporated organization or a government or any department or agency thereof. 
 “Representative” shall mean, with respect to any Person, any of such Person’s directors, officers, managers,
employees, agents, consultants, advisors, accountants, attorneys and other representatives. 
 “Subsidiary”
shall mean with respect to any specified Person, any corporation or other legal entity of which such Person or any of its subsidiaries controls or owns, directly or indirectly, more than 50% of the stock or other equity interest entitled to vote on
the election of members to the board of directors or similar governing body; provided, however, that for purposes of this Agreement, Oncor Holdings and its Subsidiaries shall not be deemed to be Subsidiaries of any member of the TXU
Group. 
 “Tax” or “Taxes” whether used in the form of a noun or adjective, means all forms
of taxation, whenever created or imposed, including, but not limited to, taxes on or measured by income, franchise, gross receipts, sales, use, excise, payroll, personal property (tangible or intangible), real property, ad valorem, value-added,
leasing, leasing use or other taxes, levies, imposts, duties, charges or withholdings of any nature whether imposed by a country, locality, municipality, government, state, federation, or other governmental body, including any penalties, fines and
additions to tax and any interest on tax. 
  

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 “Tax Attribute” means any credit, deduction or other attribute
(including any alternative minimum tax preference item) that may have the effect of decreasing any Tax. 
 “Tax
Proceeding” means any audit, review, assessment, deficiency, competent authority determination or any other administrative or judicial proceeding with the purpose or effect of determining (including redetermining) any Taxes (including,
without limitation, any administrative or judicial review of any formal or informal claim for refund). For the avoidance of doubt, an appeal of a Tax Proceeding is a Tax Proceeding. 
 “Tax Professional” means a nationally recognized Tax attorney or Tax accountant that is a member of a nationally
recognized law firm or accounting firm, which attorney or accountant being acceptable to both TXU and EFI for the purposes of Section 12. 
 “Tax Returns” means all reports, returns, information statements, questionnaires, election statements or other documents required to be filed or that may be filed for any period with any Taxing
Authority (whether domestic or foreign) in connection with any Tax or Taxes (whether domestic or foreign). For the avoidance of doubt, an amended Tax Return or an amendment to a Tax Return is a Tax Return. 
  

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 “Taxing Authority” means any governmental entity imposing Taxes or
empowered or authorized to administer any Taxes imposed by any country, locality, municipality, government, state, federation or other governmental body. 
 “True-up Payment” has the meaning set forth in Section 6(d). 
 “True-up Payment Date” has the meaning set forth in Section 6(d). 
 “TXU
Group” means TXU and its Subsidiaries other than members of the Oncor Holdings Group. 
 “TXU Indemnified
Party” shall include each member of the TXU Group, each of their Representatives and Affiliates, and each of their respective heirs, executors, trustees, administrators, successors and assigns. 
 SECTION 2. Consent. 
 (a) TXU shall prepare and file all Tax Returns in respect of and on behalf of, as applicable, each member of the TXU Group and the Oncor Holdings Group for any Applicable Taxable Year, provided that, Oncor Holdings shall have
the right to review such Tax Returns within a reasonable time prior to filing and consent (such consent not to be unreasonably conditioned, delayed or withheld) to the positions taken on such Tax Returns to the extent such positions would increase
the Oncor Holdings Excess Separate Tax Liability, and provided that Oncor shall have the right to review such Tax returns within a reasonable time prior to filing and consent (such consent not to be unreasonably conditioned, delayed or
withheld) to the positions taken on such Tax Returns to the extent such positions would increase the Oncor Separate Tax Liability. Any dispute in respect of any Tax Return prepared pursuant to this Section 2(a) shall be resolved pursuant to
Section 12. 
  

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 (b) Subject to the other applicable provisions of this Agreement, Oncor Holdings
irrevocably designates, and agrees to cause each Oncor Holdings Affiliate to so designate, TXU as its sole and exclusive agent and attorney-in-fact to take such action (including execution of documents) as TXU, in its sole reasonable discretion, may
deem appropriate in any and all matters (including Tax Proceedings) relating to any Tax Return described in Section 2(a). Oncor Holdings or Oncor, as appropriate, shall cause each Tax Return prepared on behalf of a member of the Oncor Holdings
Group pursuant to Section 2(a) to be executed by the appropriate member of the Oncor Holdings Group. With respect to TXU’s obligations pursuant to Section 2(a), TXU Business Services Company, a wholly-owned subsidiary of TXU, and
Oncor have entered into a Corporate Support Services Agreement pursuant to which TXU Business Services Company provides corporate services to Oncor, including certain tax services. 
 SECTION 3. Payment of Tax Liability. 
 (a) Except for the Taxes that Oncor Holdings or Oncor are liable for pursuant to Section 6(b) and subject to indemnification under Section 4(a), TXU shall pay all Taxes in respect of the Tax Returns
referenced in Section 2(a) for each Applicable Taxable Year at such time and in such manner and at such times as such payments are required to be made. 
  

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 (b) TXU shall indemnify and hold each Oncor Holdings Indemnified Party harmless from and
against any and all Tax, interest, fine, penalty, damage, cost or other expense of any kind (including reasonable attorneys’ fees and costs) that is attributable to, or results from, the failure of TXU to timely make any payment required to be
made pursuant to Section 3(a). 
 SECTION 4. Allocation of Liability. For each Applicable Taxable Year: 
 (a) Each of Oncor Holdings and Oncor shall indemnify and hold each TXU Indemnified Party harmless for an amount equal to the Oncor
Holdings Excess Separate Tax Liability and Oncor Separate Tax Liability, respectively. In the event that Oncor does not make a payment for which it is liable pursuant to the terms of this Agreement, then Oncor Holdings shall be liable to make such
payment. 
 (b) In the event that Oncor or a member of the Oncor Distributions Group realizes a loss or credit in an
Applicable Taxable Year that would be permitted under applicable provisions of the Code to be carried back to one or more prior Applicable Taxable Years, the Oncor Holdings Excess Separate Tax Liability or Oncor Separate Tax Liability, as
appropriate, shall be recomputed for each such prior Applicable Taxable Year to take into account such carryback. TXU shall make an adjusting payment to Oncor Holdings or Oncor, as appropriate, promptly after the date when the benefit of such
carryback would have been realized by a member of the Oncor Distributions Group, or by Oncor, if it had filed its own tax return reflecting such carryback, or as soon as such adjustment can practicably be calculated, if later. Such adjusting payment
shall be in the amount required such that, for each such prior Applicable Taxable Year, the payments 

  

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made by Oncor Holdings or Oncor pursuant to the terms of this Agreement less the payments made by TXU to Oncor Holdings or Oncor, respectively, pursuant to
the terms of this Agreement, or, with respect to Applicable Taxable Years that ended prior to the date of this Agreement, such payments that are actually made in accordance with prior practice, equals the Oncor Holdings Excess Separate Tax Liability
or the Oncor Separate Tax Liability, as appropriate, for such taxable year. 
 (c) For purposes of this Agreement, except as
set forth in Sections 4(b) and 8, all payments that would have been due by one Party to another Party pursuant to this Agreement with respect to Applicable Taxable Years that ended prior to the date of this Agreement shall be treated as if they were
made on a timely basis. 
 (d) For the avoidance of doubt, notwithstanding anything in this Agreement, Oncor shall remain
jointly and severally liable for Taxes of the TXU Group for Applicable Taxable Years ending prior to the date of this Agreement as a successor to Oncor Electric Delivery Company. 
 SECTION 5. Calculations. 
 (a) TXU shall determine the Oncor Holdings Excess Separate Tax Liability and Oncor Separate Tax Liability (i) in accordance with this Agreement and TXU Group’s method of federal income tax allocation, in a manner that is
consistent with Sections 1.1502-33(d) and 1.1552-1 of the Treasury Regulations or, in the case of Taxes other than United States federal income taxes, any other permissible allocation methodology and (ii) consistent with general Tax accounting
principles and past practice. 
  

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 (b) For each Tax Return filed by TXU, TXU shall provide Oncor Holdings or Oncor, as
appropriate, in good faith, within 5 Business Days prior to the due date of any payment required to be made by Oncor Holdings or Oncor pursuant to Sections 4(a) and 6, with a calculation of the amount (if any) of any (i) Oncor Holdings
Excess Separate Tax Liability and Oncor Separate Tax Liability, (ii) estimated Oncor Holdings Excess Separate Tax Liability and estimated Oncor Separate Tax Liability and/or (iii) True-up Payment (for purposes of Section 6). Such
calculation shall provide sufficient detail to permit Oncor Holdings or Oncor, as appropriate, to reasonably understand such calculation. Oncor Holdings or Oncor, as appropriate, shall have the right to review and comment on such calculation. If TXU
and Oncor Holdings or Oncor, as appropriate, cannot agree on the calculations prepared under this Section 5, then such dispute shall be resolved pursuant to Section 12. For the avoidance of doubt, any calculations provided by TXU in
accordance with this Section 5 will apply for purposes of this Agreement pending the resolution of any such dispute pursuant to Section 12. 
 SECTION 6. Settlement. 
 (a) All amounts due pursuant to Section 4(a) hereof that
are allocable to a consolidated or combined Tax Return of TXU shall be paid to TXU at least 2 Business Days before each Estimated Tax Installment Date and on each such date such paid amount shall equal the amount of any estimated Oncor Holdings
Excess Separate Tax Liability and Oncor Separate Tax Liability that Oncor Holdings or Oncor, respectively, would have otherwise been required to pay to a Taxing Authority on such Estimated Tax Installment Date (for the avoidance of doubt, treating
Oncor Holdings and Oncor as corporations). 
  

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 (b) Oncor Holdings and Oncor shall pay to the applicable Taxing Authority the portion of
the Oncor Holdings Excess Separate Tax Liability and Oncor Separate Tax Liability, respectively, that it is not liable to pay to TXU pursuant to Section 6(a), on or before the date such payment is required to be paid to a Tax Authority.

 (c) Any amounts due pursuant to this Section 6 shall be calculated in accordance with the method described in
Section 6655(d) of the Code, as appropriate, unless all the Parties to this Agreement agree to an alternative method. 
 (d) If, for any taxable year, the payments made by Oncor Holdings or Oncor pursuant to Sections 6(a) and (b) are different from the Oncor Holdings Excess Separate Tax Liability or the Oncor Separate Tax Liability, respectively, for
such taxable year, then TXU, Oncor Holdings or Oncor, as the case may be, shall make an adjusting payment two Business Days prior to the filing of the Tax Return for such taxable year (the “True-up Payment Date”) in the amount required
such that payments made by Oncor Holdings and Oncor for such taxable year (taking into account the adjustments, if any, pursuant to Section 4(b) and this Section 6(d)) equal the Oncor Holdings Excess Separate Tax Liability and the Oncor
Separate tax Liability, respectively, for such taxable year (such difference, the “True-up Payment”). 
  

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 SECTION 7. Tax Proceedings. TXU shall have exclusive control of any Tax Proceeding with respect to
any member of the TXU Group or the Oncor Holdings Group; provided that TXU shall not settle any such Tax Proceeding without the consent of Oncor Holdings or Oncor (such consent not to be unreasonably conditioned, delayed or withheld)
if such settlement would increase the relevant Oncor Holdings Excess Separate Tax Liability or Oncor Separate Tax Liability, respectively; and provided further that TXU shall conduct a particular Tax Proceeding at the direction
of Oncor Holdings or Oncor if such Tax Proceeding would affect only the Tax Liability of a member of the Oncor Distributions Group or the Tax Liability of Oncor, respectively. 
 SECTION 8. Recomputation. If, for any Applicable Taxable Year, the Tax liability of any member of the TXU Group or Oncor Holdings Group is
redetermined as a result of a Final Determination, whether as a result of a refund (including a refund resulting from a carryback), an Internal Revenue Service adjustment or otherwise, the payment obligations of the Parties pursuant to the terms of
this Agreement, or, with respect to Applicable Taxable Years that ended prior to the date of this Agreement, the payment obligations as determined in accordance with prior practice, shall be redetermined by TXU in a reasonable manner, and either TXU
or Oncor Holdings and/or Oncor, as the case may be, shall make an adjusting payment to the other in the amount required such that, for such taxable year (and for each other Applicable Taxable Year), the payments made by Oncor Holdings and Oncor
equals the Oncor Holdings Excess Separate Tax Liability and the Oncor Separate Tax Liability, respectively (taking into account the correlative effects of such redetermination). 
  

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 SECTION 9. Prohibited Actions. Oncor Holdings and Oncor agree not to take any actions that would
increase the Tax liability (other than as a result of Oncor Holdings Excess Separate Tax Liabilities and Oncor Separate Tax Liabilities) of any member of the TXU Group for any Applicable Taxable Year (the “Additional TXU Group Tax
Liability”). In the event Oncor Holdings or Oncor takes, or fails to take, any action that causes an Additional TXU Group Tax Liability, then Oncor Holdings and/or Oncor, as appropriate, shall be liable to indemnify and hold harmless the
appropriate TXU Indemnified Parties to the extent such Additional TXU Group Tax Liability does not increase the Oncor Holdings Excess Separate Tax Liability or the Oncor Separate Tax Liability. Oncor Holdings and/or Oncor shall pay to TXU at least 2
Business Days before each Estimated Tax Installment Date and True-up Payment Date the amount that TXU is required to pay to a Taxing Authority on or before such Estimated Tax Installment Date and True-up Payment Date due to the applicable Additional
TXU Group Tax Liability. For the avoidance of doubt, Oncor Holdings and Oncor shall together not be liable to indemnify the TXU Indemnified Parties pursuant to this Section 9 for an amount that exceeds, in the aggregate, the Additional TXU
Group Tax Liability. 
 SECTION 10. Applicability. This Agreement shall apply to any Tax Return in respect of any member of the TXU
Group or the Oncor Holdings Group that is due (after taking into account any legally permissible extensions) following the execution of this Agreement and to any Tax Return in respect of any member of the TXU Group or the Oncor Holdings Group for so
long as the applicable statute of limitations remains open (the “Applicable Tax Returns”). 
  

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 SECTION 11. Assistance and Cooperation. TXU and Oncor Holdings and/or Oncor, as appropriate, shall
and shall cause their respective Affiliates to (i) cooperate fully in preparing for any Tax Proceedings with respect to any Applicable Tax Return, (ii) make available to the others as reasonably requested all information, records, and
documents relating to any Applicable Tax Return, (iii) provide timely notice to the others of any pending or threatened tax audits or assessments with respect to any Applicable Taxable Year and (iv) furnish the others with copies of all
correspondence received from any Taxing Authority in connection with any Tax Proceeding or information request with respect to any Applicable Taxable Year. 
 SECTION 12. Disputes. In the event of a controversy, dispute or claim arising out of, in connection with, or in relation to the negotiation, interpretation, performance, nonperformance, validity or breach of
this Agreement or otherwise arising out of, or in any way related to this Agreement, including, without limitation, any claim based on contract, tort, statute or constitution (collectively, “Agreement Disputes”), officers appointed
by the chief executive officers of the relevant parties shall negotiate in good faith for a reasonable period of time to settle such Agreement Dispute. If that Agreement Dispute cannot be settled through direct discussions by the 20th calendar
day (or as such date may be extended by the mutual agreement of the parties) after such officers first discuss the matter, then the Agreement Dispute will be resolved as set forth below: 
 (a) Disputes in Excess of $10 Million. If such Agreement Dispute would potentially result in an amount owed by Oncor Holdings or
Oncor under this Agreement for a Tax liability in excess of $10 million, then the Parties agree to settle the dispute in an amicable manner by mediation with a jointly appointed Tax Professional. Each party to the mediation shall bear its own
expenses with respect to the mediation and the parties shall share equally the fees and expenses of the mediator. 
  

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 (b) Disputes Less Than $10 Million. If such Agreement Dispute would not result in
an amount owed by Oncor Holdings or Oncor under this Agreement for a Tax liability in excess of $10 million, then the Parties agree to settle the dispute in an amicable manner by mediation with a mutually agreed mediator in Dallas, Texas or as
may be otherwise mutually agreed. Any demand for initiation of mediation of a dispute must be given in writing and must set forth in reasonable detail the nature of the dispute. Mediation may be concluded by any party thereto at any time. The
mediator shall not have the authority to render any award or otherwise bind the parties to any action. Each party to the mediation shall bear its own expenses with respect to the mediation and the parties shall share equally the fees and expenses of
the mediator. Any mediation conducted pursuant hereto shall be conducted at a site in Dallas, Texas selected by the mediator that is reasonably convenient to the parties. The mediator shall be disqualified as a witness, consultant, expert or counsel
for any party with respect to the dispute of any related matter. All information and documents disclosed in mediation by any Person shall remain private and confidential to the disclosing Person and may not be disclosed by any Person outside the
mediation. No privilege or right with respect to any information or document disclosed in mediation shall be waived or lost by such disclosure. 
  

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 (1) In the event that any Agreement Dispute is not settled pursuant to the mediation
procedures set forth above, such Agreement Dispute shall be resolved by final and binding arbitration conducted pursuant to the American Arbitration Association Commercial Arbitration Rules, Title 9 of the U.S. Code and the Texas Arbitration
Act. Notwithstanding anything to the contrary contained herein, the parties agree that the American Arbitration Association shall not administer any Agreement Dispute. Judgment on the award rendered by the arbitrators may be entered in any federal
court in the Northern District of Texas, Dallas Division or a state court in Dallas County, Texas. Any challenge to any arbitration award shall be filed in and each party agrees not to remove or transfer such action from a federal court in the
Northern District of Texas, Dallas Division or a state court in Dallas County, Texas. 
 (2) Any party desiring to commence
arbitration shall send a written notice (an “Arbitration Notice”) to the other party describing the dispute and setting forth the matters to be resolved by the arbitration. Within ten Business Days after the date of such notice (an
“Arbitration Notice Period”), the other party may, if such party does not agree with the description or statement of matters to be resolved, send an Arbitration Notice to the other party describing the dispute and setting forth the
matters to be resolved by the arbitration. Within ten Business Days after the end of the Arbitration Notice Period, the parties shall, if they can agree, select an arbitrator to resolve the dispute. In the event that the parties have not selected an
arbitrator within ten Business Days of the end of the Arbitration Notice Period, then the dispute shall be resolved by majority decision of a panel of three arbitrators, one selected by each party and the third selected by the two party-selected
arbitrators, which the parties agree to instruct such arbitrators to make. 
  

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 (3) The place of arbitration shall be Dallas, Texas. 
 (4) The arbitrator(s) shall have no authority to award punitive damages or any other damages not measured by the prevailing party’s
actual losses, and may not, in any event, make any ruling, finding or award that does not conform to the terms and conditions of this Agreement. 
 (5) At any time after the commencement of arbitration hereunder, any party may make an application to the arbitrator(s) seeking injunctive relief to maintain the status quo until such time as the arbitration award is
rendered or the controversy is otherwise resolved. Either party may also apply to any court having jurisdiction hereof at any time to seek injunctive relief until such time as the arbitration award is rendered or the controversy is otherwise
resolved. 
 (6) Except as required by Law, or with the consent of both parties involved in an arbitration, no party hereto
shall disclose or disseminate any information relating to an Agreement Dispute or to the dispute resolution proceedings called for hereby except for disclosure to those of its officers, employees, accountants, attorneys and agents whose duties
reasonably require them to have access to such information. 
  

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 (7) The parties in the arbitration shall share equally the costs and expenses of the
arbitration. Each party shall otherwise bear its own fees and expenses. 
 SECTION 13. Interest. Payments pursuant to this Agreement
shall bear interest (i) if such payments are not made within the period prescribed in this Agreement (the “Payment Period”), for the period from and including the date immediately following the last date of the Payment Period
through and including the date of payment, and (ii) if such payments are made in accordance with the resolution of a dispute pursuant to Section 12, for the period from and including the date on which notice was first given by the
disputing party through and including the date of such resolution; in each case at a per annum rate equal to the lesser of (i) the prime rate as published in the Wall Street Journal on the last day of such payment period, plus two
percent (2%) and (ii) the maximum lawful amount of interest then permitted to be charged. Such interest shall be payable at the same time as the payment to which it relates and shall be calculated on the basis of a year of 365 days and the
actual number of days for which it is due. 
 SECTION 14. Tax Treatment of Certain Entities. EFI has filed an election to be treated
as a corporation for U.S. federal tax purposes pursuant to Treasury Regulations Section 301.7701-3. As of the date of this Agreement, Oncor Holdings and Oncor are both treated as disregarded entities for U.S. federal income tax purposes.

 SECTION 15. Jointly Owned Entities. TXU, Oncor Holdings and Oncor represent that they will not own a direct or indirect interest in
a Jointly Owned Entity. 
  

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 SECTION 16. Amendment. This Agreement may be amended, modified or supplemented only by a written
agreement signed by the Parties hereto. 
 SECTION 17. Assignment. This Agreement shall not be assignable, in whole or in part,
directly or indirectly, by any party without the prior written consent of the other Parties, and any attempt to assign any rights or obligations arising under this Agreement without such consent shall be void. 
 SECTION 18. Successors and Assigns. The terms of this Agreement shall be binding upon, inure to the benefit of and be enforceable by the Parties
and their respective successors and permitted assigns. 
 SECTION 19. Governing Law. This Agreement and all claims arising out of or
based upon this Agreement or relating to the subject matter hereof shall be governed by and construed in accordance with the laws of the State of Texas without giving effect to any choice or conflict of laws provision or rule that would cause the
application of the laws of any other jurisdiction. 
  

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 IN WITNESS WHEREOF, the parties hereto have duly executed this Tax Sharing Agreement as of the date first
above written. 
  

					
	TXU Corp.
		
	By:	 	/s/ Anthony R. Horton
		 	Name:	 	Anthony R. Horton
		 	Title:	 	Treasurer and Assistant Secretary
	
	Oncor Electric Delivery Holdings LLC
		
	By:	 	/s/ Robert S. Shapard
		 	Name:	 	Robert S. Shapard
		 	Title:	 	Chairman of the Board and
Chief Executive
	
	Oncor Electric Delivery Company LLC
		
	By:	 	/s/ Robert S. Shapard
		 	Name:	 	Robert S. Shapard
		 	Title:	 	Chairman of the Board and
Chief Executive

  

 23 

 EXHIBIT A 
 (a) Applicable Taxable Years Ending after the Date of this Agreement. For purposes of computing the Oncor Holdings Separate Tax Liability and the Oncor Separate Tax Liability with respect to U.S. federal
consolidated income taxes or other taxes shown on combined returns for Applicable Taxable Years ending after the date of this Agreement, the Tax liability of the Oncor Group and the Oncor Holdings Group (each referred to in this exhibit as a
“Member”), calculated as if such group had filed a consolidated or combined Tax Return (assuming each was treated as a corporation for tax purposes) for itself and each Member of the group separate and apart from the TXU Group, shall be
determined by the following formula (with each step further described below): 
  

	 	1.	Regular tax liability 

  

	 	2.	Add: alternative minimum tax 

  

	 	3.	Subtract: credits against tax 

  

	 	4.	Subtotal: tax liability due from Member 

  

	 	5.	Subtract: prior payments from Member 

  

	 	6.	Total: payment due from Member 

 (1)
Step 1: Regular Tax Liability. Each Member shall be charged or credited for its regular tax liability. The regular tax liability is equal to the taxable income of the Member determined as if such Member were a corporation multiplied by 35%. A
Member has a net operating loss for any year in which the taxable income of the Member is negative. 
 (2) Step 2:
Alternative Minimum Tax. Each Member shall be charged for its alternative minimum tax liability or credited for its minimum tax credit utilized. The alternative minimum tax liability or minimum tax credit utilized by a Member is calculated as
follows: 
 (a) Step 2A: Tentative Minimum Tax. Calculate the tentative minimum tax of each Member. The tentative
minimum tax of a Member is equal to the alternative minimum taxable income or loss of the Member multiplied by 20%. The alternative minimum taxable income or loss of a Member shall be computed on the basis of the Member’s taxable income as
determined in Step 1 above adjusted to take into account (i) the adjustments and preferences provided in Code Sections 56 (excluding the Code Section 56(g) adjustment relating to ACE), 57, and 58, and (ii) the portion of the
consolidated ACE adjustment under Proposed Treasury Regulation Section 1.1502-55(b)(3) attributable to such Member. 
 (b) Step 2B: Alternative Minimum Tax Liability. Calculate the alternative minimum tax liability of each Member. The alternative minimum tax liability of a Member is equal to the difference of (but not less than zero) the
(i) tentative minimum tax of the Member (calculated as provided in step 2A above) and (ii) the regular tax liability of the Member (calculated as provided in step 1 above) adjusted as provided in Code Section 55(c) (relating to
foreign tax credits and other adjustments). 
  

 24 

 (3) Step 3: Credits Against Tax. Each Member is credited for any credits against
tax reflected on the balance sheet of the Member on the date of this Agreement or properly allocable to the Member following the date of this Agreement. 
 (4) Step 4: Subtotal - Tax Liability Due From Member. The total of the amounts in steps 1 through 3 represents the amount due from each Member to TXU. 
 (5) Step 5: Prior Payments. Each Member shall be credited for all prior payments to TXU for the relevant period with respect to the
relevant tax. 
 (6) Step 6: Payment Due. The difference between the amount calculated in step 4 and the credit in step
5 shall represent the amount due from the Member to TXU. 
 (b) Applicable Taxable Years Ending prior to the Date of this Agreement.
For purposes of computing the Oncor Holdings Separate Tax Liability and the Oncor Separate Tax Liability with respect to U.S. federal consolidated income taxes or other taxes shown on combined returns for Applicable Taxable Years ending prior to the
date of this Agreement, the Tax liability of each Member shall be determined by the following formula (with each step further described below): 
  

	 	1.	Regular tax liability 

  

	 	2.	Add: alternative minimum tax 

  

	 	3.	Subtract: credits against tax 

  

	 	4.	Subtotal: tax liability due from (to) Member 

  

	 	5.	Subtract: prior payments from (to) Member 

  

	 	6.	Total: payment due from (to) Member 

 (1)
Step 1: Regular Tax Liability. Each Member shall be charged or credited for its regular tax liability. The regular tax liability of a Member is calculated as follows: 
 (a) Consolidated Taxable Income. If the Consolidated Group has zero or positive consolidated taxable income for the year (as
determined under Treasury Regulation Section 1.1502-11(a)), the regular tax liability of each Member is equal to the taxable income of the Member multiplied by 35%. 
  

 25 

 (b) Consolidated Net Operating Loss. If the Consolidated Group has a consolidated
net operating loss for the year (as defined in Treasury Regulation Section 1.1502-21(e)), 
 (1) the regular tax
liability of any Member having positive taxable income is equal to the taxable income of the Member multiplied by 35%, and 
 (2) the regular tax liability of any Member having negative taxable income (i.e., a net operating loss) is a credit equal to the aggregate regular tax liability of all Members having positive taxable income multiplied by a fraction the
numerator of which is net operating loss of the Member and the denominator of which is the total net operating loss of all Members having a net operating loss. 
 (c) Taxable Income of a Member 
 (1) In General. The taxable income of a Member shall be determined in accordance with Treasury Regulation Section 1.1552-1(a)(1)(ii) (excluding the last sentence of such subdivision which causes a
Member’s taxable income to be zero if the calculation results in an excess of deductions over gross income). A Member has a net operating loss for any year in which the taxable income of the Member is negative. 
 (2) Allocation of Consolidated Net Operating Loss Deduction. For purposes of computing the taxable income of a Member for any
year, the portion of the consolidated net operating loss deduction for such year (if any) attributable to such Member shall be an amount equal to the consolidated net operating loss deduction for such year (“loss absorption year”)
multiplied by a fraction, the numerator of which is the Member’s net operating loss for the year in which the net operating loss carryover or carryback arises (“loss origination year”), and the denominator of which is the total
of the net operating losses of all Members for the loss origination year to the extent such losses are included in the net operating loss carryover or carryback utilized in the loss absorption year. 
 (d) Full Allocation. The sum of the regular tax liabilities of all Members shall be equal to the consolidated regular tax liability
of the group as defined in Proposed Treasury Regulation Section 1.1502-2(a)(1)(i). 
  

 26 

 (2) Step 2: Alternative Minimum Tax. Each Member shall be charged for its
alternative minimum tax liability or credited for its minimum tax credit utilized. The alternative minimum tax liability or minimum tax credit utilized by a Member is calculated as follows: 
 (a) Step 2A: Tentative Minimum Tax. Calculate the tentative minimum tax of each Member. The tentative minimum tax of a Member is
equal to the alternative minimum taxable income or loss of the Member multiplied by 20%, minus the portion of the consolidated alternative minimum tax foreign tax credit attributable to the Member. The alternative minimum taxable income or loss of a
Member shall be computed on the basis of the Member’s taxable income as determined in Step 1 above adjusted to take into account (i) the adjustments and preferences provided in Code Sections 56 (excluding the Code Section 56(g)
adjustment relating to ACE), 57, and 58, (ii) the portion of the consolidated ACE adjustment under Proposed Treasury Regulation Section 1.1502-55(b)(3) attributable to such Member, and (iii) the portion of the consolidated ATNOL
deduction under Proposed Treasury Regulation Section 1.1502-55(b)(4) attributable to such Member. The sum of the tentative minimum tax of all Members shall be equal to the consolidated AMT of the group as defined in Proposed Treasury Regulation
Section 1.1502-55(a)(1). 
 (b) Step 2B: Separate Tax Liability. Calculate the separate tax liability of each
Member. The separate tax liability of a Member is equal to the greater of the (i) tentative minimum tax of the Member (calculated as provided in step 2A above) and (ii) the regular tax liability of the Member (calculated as provided in
step 1 above) adjusted as provided in Code Section 55(c) (relating to foreign tax credits and other adjustments). 
 (c)
Step 2C: Separate Alternative Minimum Tax. Calculate for each Member the separate alternative minimum tax. The separate alternative minimum tax of a Member is equal to the excess (if any) of the regular tax liability of the Member as
calculated in step 2B(ii) over the separate tax liability of the Member as calculated in step 2B. 
 (d) Step 2D:
Consolidated AMT Difference. Calculate for the consolidated AMT difference. The consolidated AMT difference is equal to (i) the sum of the tentative minimum tax amounts for all Members of the Consolidated Group, minus (ii) the sum of
the separate tax liability amounts for all Members of the Consolidated Group. 
 (e) Step 2E: Allocated Consolidated AMT
Difference. Calculate the allocated consolidated AMT difference for each Member. The allocated consolidated AMT difference of a Member is equal to the consolidated AMT difference calculated in step 2D, multiplied by a fraction, the numerator of
which is the separate alternative minimum tax of the Member calculated in step 2C, and the denominator of which is the sum of the separate alternative minimum tax amounts for all Members as calculated in step 2C. 
  

 27 

 (f) Step 2F: Alternative Minimum Tax Liability or Minimum Tax Credit Utilized.
Calculate the alternative minimum tax for each Member. The alternative minimum tax of a Member is the sum of (i) the separate alternative minimum tax of the Member calculated in step 2C and (ii) the allocated consolidated AMT of the
Member calculated in step 2E. A positive sum represents alternative minimum tax liability incurred (minimum tax credit generated), and a negative sum represents minimum tax credit utilized (regular tax liability reduced). 
 (3) Step 3: Credits Against Tax. Each Member is credited for the portion of the consolidated credits against tax under sections 21
through 52 of the Code attributable to the Member. The portion of any particular credit attributable to any Member shall be based on a fraction, the numerator of which is the Member’s gross credit on a stand alone basis (i.e., without reduction
for any limitation based on the Member’s tax liability or other factors), and the denominator of which is the total gross credit of all Members). 
 (4) Step 4: Subtotal - Tax Liability Due From (To) Member. The sum of the charges (positive amounts) and credits (negative amounts) in steps 1 through 3 represents the amount due from each Member to TXU (if the
net amount is a positive amount) or due from TXU to the Member (if the net amount is a negative amount). 
 (5) Step 5:
Prior Payments. Each Member shall be credited for all prior payments to TXU, and charged for all prior payments by TXU to the Member, with respect to the Consolidated Tax Liability for the taxable year. 
 (6) Step 6: Payment Due. The subtotal calculated in step 4 as adjusted for the charges or credits in step 5 shall represent the
amount due from the Member to TXU (if positive) or from TXU to the Member (if negative) with respect to the adjustments to the Consolidated Tax Liability or tax items of Members for the taxable year. 
 (c) Utilization of Carryback Items. Treasury Regulation 1.1502-21 or any successor provision shall govern the ordering and priority of utilization
of any carryback item, including any Ventures Carryback Item, to any return filed by the Consolidated Group. 
 (d) Treatment of
TXU. For purposes of the allocation of taxes under this agreement, TXU is a Member of the Consolidated Group with respect to its tax items, and the aggregate payments due from or to TXU shall take into account payments due to or from TXU
in its role as a Member of the group, such that the net amount of all payments from and to TXU is zero. 
  

 28Amended and Restated Limited Liability Company Agreement

 Exhibit 10(bbbb) 
 Execution Copy 
 AMENDED AND RESTATED 
 LIMITED LIABILITY COMPANY AGREEMENT 
 OF 
 ONCOR ELECTRIC DELIVERY HOLDINGS COMPANY LLC 
 This Amended and Restated Limited Liability Company Agreement (together with the schedules attached hereto, this “Agreement”) of ONCOR
ELECTRIC DELIVERY HOLDINGS COMPANY LLC (the “Company”), is entered into by ENERGY FUTURE INTERMEDIATE HOLDING COMPANY LLC as the sole equity member (the “Initial Member”), and William T. Hill, Jr. and Richard W.
Wortham III, as the Special Members (as defined on Schedule A hereto). Capitalized terms used and not otherwise defined herein have the meanings set forth on Schedule A hereto. 
 The Member, by execution of this Agreement, hereby continues the Company as a limited liability company pursuant to and in accordance with the Delaware
Limited Liability Company Act (6 Del. C. 18-101 et seq.), as amended from time to time (the “Act”), and hereby amends and restates the initial Limited Liability Company Agreement of the Company dated as of
October 5, 2007, and the Member and the Special Members hereby agree as follows: 
 Section 1. Name. 
 The name of the limited liability company continued hereby is ONCOR ELECTRIC DELIVERY HOLDINGS COMPANY LLC. 
 Section 2. Principal Business Office. 
 The
principal business office of the Company shall be located at 1601 Bryan Street, Dallas, Texas 75201 or such other location as may hereafter be determined by the Member. 
 Section 3. Registered Office. 
 The address of the registered office of the Company in the State
of Delaware is c/o RL&F Service Corp., One Rodney Square, in the City of Wilmington, County of New Castle, Delaware 19801. 
 Section 4.
Registered Agent. 
 The name and address of the registered agent of the Company for service of process on the Company in the State of
Delaware is RL&F Service Corp., One Rodney Square, in the City of Wilmington, County of New Castle, Delaware 19801. 
 Section 5. Fiscal
Year. 
 Unless otherwise determined by the Board, the fiscal year of the Company shall be the calendar year. 

 Section 6. Members. 
 (a) The mailing address of the Member is set forth on Schedule B attached hereto. The Member was heretofore admitted to the Company as a member of the Company upon the execution of an instrument of transfer
relating to the transfer of the limited liability company interests in the Company from TXU Corp. to the Member on October 9, 2007 (the “LLC Interest Transfer”), and hereby continues as such. 
 (b) Subject to Section 10(i), the Member may act by written consent. 
 (c) Upon the occurrence of any event that causes the Member to cease to be a member of the Company (other than upon continuation of the Company without
dissolution upon (i) an assignment by the Member of all of its limited liability company interest in the Company and the admission of the transferee pursuant to Sections 22 and 24, or (ii) the resignation of the Member and the
admission of an additional member of the Company pursuant to Sections 23 and 24), each person designated as a Special Member on the signature pages hereof or on the signature pages of a counterpart hereto, shall, without any action of any
Person and simultaneously with the Member ceasing to be a member of the Company, automatically be admitted to the Company as a member and shall continue the Company without dissolution. No Special Member may resign from the Company or transfer its
rights as Special Member unless a successor Special Member has been admitted to the Company as Special Member by executing a counterpart to this Agreement; provided, however, that the Special Members acting as members of the Company shall
automatically cease to be members of the Company upon the admission to the Company of a substitute Member appointed by the personal representative of the Person that had been the last remaining Member. Each Special Member shall be a member of the
Company that has no interest in the profits, losses and capital of the Company and has no right to receive any distributions of Company assets. Pursuant to Section 18-301 of the Act, a Special Member shall not be required to make any capital
contributions to the Company and shall not receive a limited liability company interest in the Company. A Special Member, in its capacity as a member of the Company, may not bind the Company. Except as required by any mandatory provision of the Act,
each Special Member, in its capacity as a member of the Company, shall have no right to vote on, approve or otherwise consent to any action by, or matter relating to, the Company, including, without limitation, the merger, consolidation or
conversion of the Company. In order to implement the admission to the Company of each Special Member as a member of the Company, each Special Member shall execute a counterpart to this Agreement. Prior to its admission to the Company as a member, no
Special Member shall be a member of the Company. 
 Section 7. Certificate of Formation. 
 Jared Richardson, an “authorized person” within the meaning of the Act, executed, delivered and filed the Certificate of Formation of the
Company with the Secretary of State of the State of Delaware. Upon the filing of the Certificate of Formation with the Secretary of State of the State of Delaware, his powers as an “authorized person” ceased, and TXU Corp. thereupon became
a member of the Company and the designated “authorized person.” Upon the LLC Interest Transfer, TXU Corp.’s powers as an “authorized person” ceased, and the Member thereupon became a member of the Company and the designated
“authorized person”and shall continue as the designated “authorized person” within the meaning of the Act. The Member or an Officer shall execute, deliver and file any other certificates (and any amendments and/or restatements
thereof) necessary for the Company to qualify to do business in Texas and in any other jurisdiction in which the Company may wish to conduct business. 
  

 2 

 The existence of the Company as a separate legal entity shall continue until cancellation of the
Certificate of Formation as provided in the Act. 
 Section 8. Purpose. 
 Subject to the provisions of Section 10(i) of this Agreement, the purpose of the Company is limited to acting as member of, and holding
limited liability company interests in, Oncor Electric Delivery Company LLC, a Delaware limited liability company (“Oncor Electric Delivery”), and such other special purpose entities as are necessary to further the business of Oncor
Electric Delivery; provided, however, that any such other special purposes entities shall be prohibited from incurring any indebtedness for borrowed money. 
 Section 9. Powers. 
 Subject to Section 10(i), the Company, and the Board of Directors and the Officers of
the Company on behalf of the Company, (i) shall have and exercise all powers necessary, convenient or incidental to accomplish its purposes as set forth in Section 8 and (ii) shall have and exercise all of the powers and rights
conferred upon limited liability companies formed pursuant to the Act; provided, however, that the Company shall not have the power or right to incur indebtedness for borrowed money. 
 Section 10. Management. 
 (a) Board of Directors. Subject to Section 10(i),
the business and affairs of the Company shall be managed by or under the direction of a Board of Directors and not by or under the direction of any TXU Group member or any officer or employee thereof. Initially, the Board of Directors shall have at
least five (5) Directors, each elected by the Member, composed as follows: one (1) Director shall be an officer of the Company; at least a majority of the Directors shall be Independent Directors, and at least two (2) of the
Independent Directors shall be Special Independent Directors; any remaining Directors shall not be required to be independent of the Member (such remaining Directors, together with the Director who is an officer of the Company, being referred to
herein as the “Non-Independent Directors”). Within 30 days after the date of this Agreement, the Member may, and intends to, elect additional initial Directors so that the Board will have nine (9) Directors, six (6) of which
Directors will be Independent Directors (two of which will be Special Independent Directors), two of which Directors will be Non-Independent Directors associated with the Fund Advisors, and one of which Directors will be an officer of the Company.
After the initial election of the Independent Directors by the Member, all Independent Directors, including the Special Independent Directors, will be nominated and appointed by a nominating committee formed pursuant to Section 10(f).
Each Director elected, designated or appointed by the Member, or by the Nominating Committee, as applicable, shall hold office (i) until a successor is elected and qualified, (ii) in the case of an Independent Director or a Special
Independent Director, until such Director fails to qualify as an Independent Director or Special Independent Director, as applicable, or (iii) until such Director’s earlier death, resignation, expulsion or removal. Each Director shall
execute and deliver the Management Agreement. No Director shall be required to 

  

 3 

 
be a Member. The initial four Directors designated by the Member are listed on Schedule D hereto. No Director may concurrently serve as a director of
any Subsidiary of Texas Competitive Electric Holdings Company LLC, including any entity that Luminant or TXU Energy comprises. 
 (b)
Powers. Subject to Section 10(i), the Board of Directors shall have the power to do any and all acts necessary, convenient or incidental to or for the furtherance of the purposes described herein, including all powers, statutory
or otherwise. The Board of Directors has the authority to bind the Company. To the extent of their powers set forth in this Agreement and subject to Section 10(i), the Directors are agents of the Company for the purpose of the
Company’s business, and the actions of the Directors taken in accordance with such powers set forth in this Agreement shall bind the Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as provided in this
Agreement or in a resolution of the Directors, a Director may not bind the Company. 
 (c) Meetings of the Board of Directors. The
Board of Directors of the Company may hold meetings, both regular and special, within or outside the State of Delaware. Regular meetings of the Board may be held at such time and at such place as shall from time to time be determined by the Board
and communicated in writing to each Director; provided, that, upon such communication to each Director of the Board’s determination of the time and place of a regular meeting, no further notice of any regular meeting to be held at
such time and place need be given to any Director, but if the Board determines to make any change with respect to the time or place of a regular meeting, five (5) days’ notice of such change shall be communicated in writing to each
Director before such change becomes effective. Special meetings of the Board may be called by the Chief Executive Officer on not less than five (5) days’ written notice to each Director by facsimile, mail, telegram or any other means of
written communication, and special meetings shall be called by the Chief Executive Officer, the President or the Secretary in like manner and with like notice upon the written request of any one or more of the Directors; provided,
that, notice of a special meeting shall not be required if waived by all Directors, which waiver shall be assumed for any Director attending such special meeting, unless attending to object to such meeting. 
 (d) Quorum: Acts of the Board. Subject to Section 10(i), at all meetings of the Board, a majority of the Directors shall constitute a
quorum for the transaction of business and, except as otherwise provided in any other provision of this Agreement, the act of a majority of the Directors present at any meeting at which there is a quorum shall be the act of the Board. If a quorum
shall not be present at any meeting of the Board, the Directors present at such meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present. Any action required or
permitted to be taken at any meeting of the Board or of any committee thereof may be taken without a meeting if all members of the Board or committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the
minutes of proceedings of the Board or committee, as the case may be. 
  

 4 

 (e) Electronic Communications. Members of the Board, or any committee designated by the Board, may
participate in meetings of the Board, or any committee, by means of telephone conference or similar communications equipment that allows all Persons participating in the meeting to hear each other, and such participation in a meeting shall
constitute presence in Person at the meeting. If all the participants are participating by telephone conference or similar communications equipment, the meeting shall be deemed to be held at the principal place of business of the Company.

 (f) Committees of Directors. 
  

	 	(i)	The Board may, by resolution passed by a majority of the whole Board, designate one or more committees, each committee to consist of one or more of the Directors of the Company. The
Board may designate one or more Directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. Notwithstanding the foregoing, the Board shall establish a standing committee (the
“Nominating Committee”), a majority of whose members shall, at all times, be Independent Directors, whose purpose shall be (A) to nominate and appoint, and to fill vacancies on the Board in respect of, the Independent
Directors, including the Special Independent Directors, of the Company, and (B) to nominate and appoint, and to fill vacancies on the board of directors of Oncor Electric Delivery in respect of, the independent directors, including the special
independent directors, of Oncor Electric Delivery. The initial Directors designated by the Member as members of the Nominating Committee are listed on Schedule F hereto. 

  

	 	(ii)	In the absence or disqualification of a member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not such members
constitute a quorum, may unanimously appoint another member of the Board to act at the meeting in the place of any such absent or disqualified member. 

  

	 	(iii)	Any such committee, to the extent provided in the resolution of the Board designating such committee, and subject to, in all cases, Sections 10(i) and 11, shall have
and may exercise all the powers and authority of the Board in the management of the business and affairs of the Company specified in the resolution of the Board designating such committee. Such committee or committees shall have such name or names
as may be determined from time to time by resolution adopted by the Board. Each committee shall keep regular minutes of its meetings and report the same to the Board when required. 

 (g) Compensation of Directors; Expenses. The Board shall have the authority to fix the compensation of Directors. The Directors may be paid their
expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Director. No such payment shall preclude any Director from serving the Company in any other capacity
and receiving compensation therefor. Members of special or standing committees may be allowed additional compensation for attending committee meetings. Chairpersons of standing or special committees may receive compensation, in their capacities as
such chairpersons, in addition to any compensation received as a member of any such committee. 
  

 5 

 (h) Removal of Directors. Unless otherwise restricted by law, and subject to
Section 11, (i) any Director or the entire Board of Directors may be removed or expelled, with or without cause, at any time by the Member, and (ii) any vacancy caused by any such removal or expulsion, or otherwise, may be
filled by action of the Member; provided that Independent Directors, including Special Independent Directors, may be removed or expelled, and vacancies in respect of any Independent Director, including any Special Independent Director, may be
filled, only by the Nominating Committee. 
 (i) Limitations on the Company’s Activities. 
  

	 	(i)	The Company shall not take any of the actions set forth below, and shall not permit Oncor Electric Delivery to take any actions set forth in Section 10(i)(i) of the Oncor
Electric Delivery LLC Agreement, in each case without the prior written consent of the Initial Member: 

  

	 	(A)	change the method of designating Directors on the Board of Directors of the Company; 

  

	 	(B)	continue the Company under the laws of another jurisdiction; 

  

	 	(C)	enter into or authorize any material transactions with a third party outside the ordinary course of business including, but not limited to, mergers or acquisitions, substantial
dispositions or transfers, or any material investment in any partnership, consortium, joint venture or other similar enterprise; 

  

	 	(D)	authorize, issue, sell, acquire, repurchase or redeem any limited liability company interests or other equity interest (or option, warrant, conversion or similar right with respect
to any equity interest) in or of the Company or Oncor Electric Delivery; 

  

	 	(E)	unless required by law or a change in generally accepted accounting principles (“GAAP”), make any material change in the accounting methods of the Company;

  

	 	(F)	change the entity classification of the Company for federal income tax purposes under Treasury Regulations Section 301.7701-3; or 

  

	 	(G)	enter into any contract, arrangement, understanding or other similar agreement to effectuate any of the foregoing. 

  

 6 

	 	(ii)	So long as any Obligation is outstanding, the Member shall not (A) amend, alter, change or repeal Sections 10(b) through (h) or 27, or the
definitions in Schedule A of this Agreement that relate to the foregoing Sections referred to in this clause (A), in each case without the written consent of a majority of the Board, or (B) amend, alter, change or repeal the definitions
of “Independent Director,” “Special Independent Director”; Sections 6(c), 8, 9, 10(a), 10(i) (except as set forth in Section 10(i)(v)(F)), 11, 12, 13,
21, 23, 25, 26 or 30; any provision hereof that states that it is subject to Section 10(i) if such amendment would cause such provision no longer to be subject to Section 10(i); or the
definitions in Schedule A of this Agreement that relate to the foregoing Sections referred to in this clause (B); in each case without the written consent of (1) a majority of the Board and (2) all Independent Directors; provided,
that the Member may amend any provision hereof reasonably required in good faith to accommodate the admission of any additional Member, other than an Affiliate of TXU Corp. (including the establishment of relative voting rights of the Members and an
increase in the number of Directors, including Independent Directors), but no such amendment shall (1) limit the obligation of the Company to comply with the Separateness Undertakings (defined below), or (2) otherwise limit the rights and
powers of the Independent Directors. Except as provided in the foregoing sentence, the Member reserves the right to amend, alter, change or repeal any provisions contained in this Agreement in accordance with Section 32.

  

	 	(iii)	Notwithstanding any other provision of this Agreement and any provision of law that otherwise so empowers the Company, the Member, the Board, any Officer or any other Person,
neither the Member nor the Board nor any Officer nor any other Person shall be authorized or empowered, nor shall they permit the Company without (a) the prior written consent of the Member, and (b) the affirmative vote of all of the
Directors present and voting (which shall in any event include all Independent Directors), to take any Material Action. 

  

	 	(iv)	The Board and the Member shall cause the Company to do or cause to be done all things necessary to preserve and keep in full force and effect its existence, rights (charter and
statutory) and franchises; provided, however, that the Company shall not be required to preserve any such right or franchise if the Board shall determine that the preservation thereof is no longer desirable for the conduct of its
business and that the loss thereof is not disadvantageous in any material respect to the Company. 

  

	 	(v)	To ensure separateness from the TXU Group, so long as any Obligation is outstanding, the Board and the Member shall use their best efforts to cause the Company to take or refrain
from taking, as the case may be, the following actions (clauses (A) through (BB) below are collectively referred to as the “Separateness Undertakings”): 

  

	 	(A)	at all times hold itself out to the public and all other Persons as a legal entity separate from the Member and any other Person; 

  

 7 

	 	(B)	use stationery, invoices, checks, logos and other business forms separate from any TXU Group member; 

  

	 	(C)	not transfer any material assets or facilities to any TXU Group member, other than any such transfer that is (w) both on a commercially reasonable basis and approved by a majority
of the Directors; (x) pursuant to an agreement allowed, with respect to transactions with TXU Group members, under clause (E) below; (y) allowed, with respect to distributions, under Section 17 hereof; or (z) allowed, with respect to taxes,
under clause (BB) below; 

  

	 	(D)	not enter into any pledge, encumbrance or guaranty, or otherwise become intentionally liable for, or pledge or encumber its assets to secure the liability, debts or obligations of
any TXU Group member; 

  

	 	(E)	maintain an arm’s-length relationship with the TXU Group members and only enter into transactions with the TXU Group members that are both (1) on a commercially reasonable
basis and (2) if such transaction is material, approved by a majority of the Directors, other than (a) distributions by the Company in accordance with Section 17 hereof, (b) the Reimbursement Agreements, and (c) payments by the Company
pursuant to clause (BB) below, all of which shall in all events be permitted hereunder; 

  

	 	(F)	not amend or modify Section 17, except as approved by the Member and at least a majority of the Board of Directors present and voting, which approval must include a majority
of the Independent Directors and all of the Non-Independent Directors (other than Directors appointed by any Member holding a minority interest in the Company); 

  

	 	(G)	not hold out its credit as being available to satisfy the debts or obligations of any TXU Group member; 

  

	 	(H)	maintain accurate books, financial records and accounts, including checking and other bank accounts and custodian and other securities safekeeping accounts, that are separate and
distinct from those of any other entity, except for other Ring-Fenced Entities; 

  

	 	(I)	maintain its books, financial records and accounts (including inter-entity transaction accounts) in a manner so that it will not be difficult or costly to segregate, ascertain or
otherwise identify its assets and liabilities from those of the TXU Group; 

  

	 	(J)	not commingle any of its facilities, assets, funds or liabilities with the facilities, assets, funds or liabilities of the TXU Group members; 

  

 8 

	 	(K)	observe appropriate organizational procedures and formalities, including holding at least annual meetings or actions pursuant to written consent of the Board of Directors and
keeping minutes of such meetings and actions; 

  

	 	(L)	cause all material transactions and agreements between it and any one or more of the TXU Group members (including transactions and agreements pursuant to which the assets or
property of one is used or to be used by the other) to be entered into in the names of the entities that are parties to the transaction or agreement and to be formally documented in writing; 

  

	 	(M)	except with respect to shared expenses and corporate functions covered by clauses (P) through (S) below, conduct transactions with the TXU Group members and third parties in its
name and as an entity that is separate and distinct from the TXU Group members; 

  

	 	(N)	except with respect to shared expenses and corporate functions covered by clauses (P) through (S) below, pay its own liabilities, expenses and losses only from its own assets;

  

	 	(O)	except with respect to shared expenses and corporate functions covered by clauses (P) through (S) below, compensate all consultants, independent contractors and agents from its own
funds for services provided to it by such consultants, independent contractors and agents; 

  

	 	(P)	to the extent that it and TXU Group members jointly contract or do business with vendors or service providers or share overhead expenses, allocate fairly, appropriately and
reasonably the costs and expenses incurred in so doing between or among such entities, with the result that each such entity bears its fair share of all such costs and expenses; 

  

	 	(Q)	to the extent that it contracts or does business with vendors or service providers where the goods or services are wholly or partially for the benefit of the TXU Group members,
allocate fairly, appropriately and reasonably the costs incurred in so doing to the entity for whose benefit the goods or services are provided, with the result that each such entity bears its fair share of all such costs; 

 

	 	(R)	to the extent that officers or other employees of the TXU Group members perform services for the Company, cause the Company to pay the fair, appropriate and reasonable costs and
expenses related to providing such services; 

  

	 	(S)	to the extent that it occupies any premises in the same location or shares the use of equipment with the TXU Group members, allocate fairly, appropriately and reasonably any rent
and overhead expenses among and between such entities with the result that each bears its fair share of all such rent and expenses; 

  

 9 

	 	(T)	cause its employees, representatives and agents (1) to hold themselves out to third parties as being its employees, representatives or agents, as the case may be, it being
understood that it need not have its own dedicated employees, (2) to refrain from holding themselves out as employees, representatives or agents of any TXU Group member, and (3) with respect to each employee of the Company, not concurrently to be
employee of a TXU Group member; 

  

	 	(U)	maintain separate annual financial statements from the TXU Group prepared in accordance with GAAP showing its assets and liabilities separate and distinct from those of any other
entities (other than its Subsidiaries); provided, that these financial statements may be prepared on a consolidated basis for all of the Ring-Fenced Entities, collectively; 

  

	 	(V)	to the extent its financial statements are to be consolidated with the financial statements of any other entities (other than its Subsidiaries), (1) cause to be included in such
consolidated financial statements (or in an accompanying statement) a footnote or other description of the separateness of it and its Subsidiaries’ assets, liabilities, business functions and operations to ensure that such separate assets,
liabilities, business functions and operations are readily distinguishable by any person receiving or relying upon a copy of such consolidated financial statements, and (2) make its separate annual financial statements available to the public on its
website or the website of Oncor Electric Delivery; 

  

	 	(W)	pay or bear the cost of the preparation of its financial statements, and have such financial statements audited by an independent certified public accounting firm; provided, that
such audit must be conducted by a team of auditors from such certified public accounting firm that does not include any member of the team of auditors for the TXU Group members; 

  

	 	(X)	correct any known material misunderstanding regarding its identity as an entity separate from any TXU Group member; 

  

	 	(Y)	not make any loans to any TXU Group member or buy or hold any indebtedness or other securities or obligations issued by any TXU Group member (other than (1) trade accounts
receivable incurred in the ordinary course of business on an arm’s length commercially reasonable basis payable within 60 days, (2) obligations incurred under the Reimbursement Agreements, and (3) other obligations (other than obligations for
borrowed money) incurred on an arm’s length, commercially reasonable basis); 

  

 10 

	 	(Z)	not permit any of its assets to be held in the name of another Person, except in the name of a Person that is not a TXU Group member pursuant to a documented trust or similar
arrangement; 

  

	 	(AA) 	maintain adequate capital and a sufficient number of employees or contractual relationships with parties other than the TXU Group members for the normal obligations reasonably
foreseeable in a business of its size and character and in light of its contemplated business operations; and 

  

	 	(BB)	 pay its fair share of taxes determined substantially as if the Company were a stand-alone corporation, without duplication for taxes paid by Oncor Electric Delivery.

 Failure of the Company, or the Member or Board on behalf of the Company, to comply with any of the foregoing covenants or
any other covenants contained in this Agreement shall not affect the status of the Company as a separate legal entity or the limited liability of the Member or the Directors. 
  

	 	(vi)	To ensure separateness from the TXU Group members, the Company shall cause each Subsidiary of the Company whose organizational documents do not contain separateness provisions
comparable to the provisions of Section 10(i) of this Agreement to take or refrain from taking, as the case may be, actions with respect to such Subsidiary of the type described in Section 10(i)(v) hereof (except that the
Company shall not cause its Subsidiaries to refrain from taking the actions described in Section 10(i)(v)(J) and (Z) with respect to the Commingled Funds), and shall cause each such Subsidiary to take actions with respect to
itself of the type described in clauses (ii) and (iv) of the definition of Material Actions only if authorized by the Directors in a manner similar to Section 10(i)(iii). 

  

	 	(vii)	The Member shall not take or permit any action that would cause the Ring-Fenced Entities to violate the Separateness Undertakings. 

 Section 11. Independent Directors. 
 After the
initial election of the Independent Directors by the Member, the Nominating Committee shall appoint Directors as necessary to cause, at all times, (i) at least six (6) (or such greater number as shall constitute a majority of the Directors
if the number of Directors is ever increased, by amendment to this Agreement, to accommodate the admission of an additional Member or Members) members of the Board to be Independent Directors, at least two (2) of which Independent Directors
shall be Special Independent Directors. To the fullest extent permitted by law, including Section 18-1101(c) of the Act, the Independent Directors shall consider only the interests of the Company, including its creditors, in acting or otherwise
voting on any Material Action. No resignation or removal of an Independent Director, and no appointment of a successor Independent Director, shall be effective until such successor (i) shall 

  

 11 

 
have accepted his or her appointment as an Independent Director by a written instrument, which may be a counterpart signature page to the Management
Agreement, and (ii) shall have executed a counterpart to this Agreement as required by Section 6(c). In the event of a vacancy in the position of Independent Director, the Nominating Committee shall, as soon as practicable, appoint
a successor Independent Director. All right, power and authority of the Independent Directors shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this Agreement. Except as provided in
the second sentence of this Section 11, in exercising their rights and performing their duties under this Agreement, any Independent Director shall have fiduciary duties of loyalty and care identical to those of a director of a business
corporation organized under the General Corporation Law of the State of Delaware. No Independent Director shall at any time serve as trustee in bankruptcy for any Affiliate of the Company. 
 Section 12. Officers. 
 (a) Officers. The
initial Officers of the Company shall be designated by the Member. The Officers of the Company shall consist of at least a Chief Executive Officer, a President, a Secretary and a Treasurer. The appointment or removal of the Chief Executive Officer
or the Chief Financial Officer of the Company shall require a majority vote of the Board, which shall in any event include the unanimous vote of the Non-Independent Directors, other than the Director who is an officer of the Company. Additional or
successor Officers of the Company, if any, shall be chosen by the Board. The Board of Directors may also choose one or more Vice Presidents, Assistant Secretaries and Assistant Treasurers. Any number of offices may be held by the same person, except
that the President and the Secretary shall not be the same person. The Board may appoint such other Officers and agents as it shall deem necessary or advisable who shall hold their offices for such terms and shall exercise such powers and perform
such duties as shall be determined from time to time by the Board. The salaries of all Officers and agents of the Company shall be fixed by or in the manner prescribed by the Board. The Officers of the Company shall hold office until their
successors are chosen and qualified. Any Officer, except as provided above with respect to the Chief Executive Officer and the Chief Financial Officer, may be removed at any time, with or without cause, by the affirmative vote of a majority of the
Board. Any vacancy occurring in any office of the Company, except as provided above with respect to the Chief Executive Officer and the Chief Financial Officer, shall be filled by the Board. The Officers shall have such powers and duties as usually
pertain to their offices, respectively, as well as such powers and duties as may from time to time be conferred by the Board. The initial Officers of the Company designated by the Member are listed on Schedule E hereto. No Officer of the
Company may concurrently be an officer of any TXU Group member. 
 (b) Officers as Agents. The Officers, to the extent of their powers
set forth in this Agreement or otherwise vested in them by action of the Board not inconsistent with this Agreement, are agents of the Company for the purpose of the Company’s business and, subject to Section 10(i), the actions of
the Officers taken in accordance with such powers shall bind the Company. 
 (c) Duties of Board and Officers. Except to the extent
otherwise provided herein, each Director and Officer shall have fiduciary duties of loyalty and care identical to those of directors and officers of business corporations organized under the General Corporation Law of the State of Delaware.

  

 12 

 Section 13. Limited Liability. 
 Except as otherwise expressly provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be the debts, obligations and liabilities solely of the
Company, and neither the Member nor the Special Members nor any Director shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member, Special Member or Director of the Company.

 Section 14. Capital Contributions. 
 The Member has contributed to the Company property of an agreed value as listed on Schedule B attached hereto. In accordance with Section 6(c), the Special Members shall not be required to make any capital contributions
to the Company. 
 Section 15. Additional Contributions. 
 The Member is not required to make any additional capital contribution to the Company. However, the Member may make additional capital contributions to the Company at any time. To the extent that the Member makes an
additional capital contribution to the Company, the Member shall revise Schedule B of this Agreement. The provisions of this Agreement, including this Section 15, are intended to benefit the Member and the Special Members and, to
the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor of the Company shall be a third-party beneficiary of this Agreement) and the Member and the Special Members
shall not have any duty or obligation to any creditor of the Company to make any contribution to the Company or to issue any call for capital pursuant to this Agreement. 
 Section 16. Tax Classification and Allocations of Profits and Losses. 
 The Board shall take
such actions as are necessary to cause the Company to be treated as a disregarded entity separate from its owner for federal income tax purposes pursuant to Treasury Regulations Section 301.7701-3. The profits and losses of the Company shall be
allocated to the Member. 
 Section 17. Distributions. 
 (a) Subject to subsection (d) of this Section 17, distributions shall be made to the Member at such times and in such aggregate amounts as may be determined by the Board from time to time. 
 (b) Subject to subsection (d) of this Section 17, the Company shall make quarterly distributions to the Member equal to the dividends received
from Oncor Electric Delivery and any other Subsidiary the Company has or may hereafter have. 
  

 13 

 (c) Subject to subsection (d) of this Section 17, the Company shall distribute all of
the proceeds of any issuance of limited liability company interests in the Company, unless otherwise directed by the Member. 
 (d)
Notwithstanding any other provision contained in this Agreement, 
  

	 	(i)	the Company shall not make any distribution to the Member on account of its interest in the Company if such distribution would violate the Act or other applicable law; and

  

	 	(ii)	the Company shall not distribute any amounts to the Member to the extent that the Board determines that in good faith that it is necessary to retain such amounts to meet expected
future requirements of the Company. 

 Section 18. Books and Records. 
 The Board shall keep or cause to be kept complete and accurate books of account and records with respect to the Company’s business. The books of the
Company shall at all times be maintained by the Company. The Member and its duly authorized representatives shall have the right to examine the Company books, records and documents during normal business hours. The Company, and the Board on behalf
of the Company, shall have the right, pursuant to Section 18-305(c) of the Act, to keep confidential from the Member certain information as the Board deems necessary or appropriate. 
 Section 19. Reports. 
 (a) On such date as may be agreed by the Member and the Company, but in
no event later than (i) five (5) days with respect to quarterly statements and (ii) ten (10) days with respect to annual statements prior to the date on which the TXU Group (a) is required by law or any contractual
obligation or regulatory commitment to file consolidated financial statements with the SEC or deliver consolidated financial statements to any other Person (which filing or delivery date shall be communicated to the Company at least 40 days in
advance of the Company’s obligation to deliver the same) later than the final day of the applicable reporting period) or (b) expects to file consolidated financial statements with the SEC or deliver consolidated financial statements to any
other Person in connection with an offering of securities (which filing or delivery date shall be communicated to the Company at least 40 days in advance of the Company’s obligation to deliver the same), the Board shall cause to be prepared all
annual audited or quarterly unaudited financial statements, as applicable, and disclosures and certifications required under this Agreement or necessary for such information to be filed or delivered, along with any other information reasonably
requested by the Member for inclusion in the TXU Group’s consolidated financial statements or SEC filings. 
 (b) The Board shall, after
the end of each fiscal year, use reasonable efforts to cause to be prepared and transmitted to the Member as promptly as possible any such tax information as may be reasonably necessary to enable the Member to prepare its federal, state and local
income tax returns relating to such fiscal year. 
  

 14 

 Section 20. Other Business. 
 To the extent permitted by law and subject to Section 10(i), the Member, the Special Members and any Affiliate of the Member or the Special Members may engage in or possess an interest in other business
ventures (unconnected with the Company) of every kind and description, independently or with others. The Company shall not have any rights in or to such independent ventures or the income or profits therefrom by virtue of this Agreement. 

Section 21. Exculpation and Indemnification. 
 (a) To the fullest extent permitted by law, no Covered Person shall be liable to the Company or any other Person that is a party to or is otherwise bound by this Agreement for any loss, damage or claim incurred by reason of any act or
omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person
shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct. 
 (b) To the fullest extent permitted by applicable law, an Indemnified Person shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Person by reason of any act or omission performed
or omitted by such Indemnified Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Person by this Agreement, except that no Indemnified Person shall
be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Person by reason of such Indemnified Person’s gross negligence or willful misconduct with respect to such acts or omissions; provided,
however, that any indemnity under this Section 21 by the Company shall be provided out of and to the extent of Company assets only, and the Member shall not have personal liability on account thereof. 
 (c) To the fullest extent permitted by applicable law, expenses (including reasonable legal fees) incurred by an Indemnified Person defending any claim,
demand, action, suit or proceeding shall, from time to time, be advanced by the Company prior to the final disposition of such claim, demand, action, suit or proceeding upon receipt by the Company of an undertaking by or on behalf of the Indemnified
Person to repay such amount if it shall be determined that the Indemnified Person is not entitled to be indemnified as authorized in this Section 21. 
 (d) An Indemnified Person shall be fully protected in relying in good faith upon the records of the Company and upon such information, opinions, reports or statements presented to the Company by any Person as to
matters the Indemnified Person reasonably believes are within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company, including information, opinions, reports or
statements as to the value and amount of the assets, liabilities, or any other facts pertinent to the existence and amount of assets from which distributions to the Member might properly be paid. 
  

 15 

 (e) To the extent that, at law or in equity, an Indemnified Person has duties (including fiduciary
duties) and liabilities relating thereto to the Company or to any other Indemnified Person, an Indemnified Person acting under this Agreement shall not be liable to the Company or to any other Indemnified Person for its good faith reliance on the
provisions of this Agreement or any approval or authorization granted by the Company or any other Indemnified Person. The provisions of this Agreement, to the extent that they restrict or eliminate the duties and liabilities of an Indemnified Person
otherwise existing at law or in equity, are agreed by the Member to replace such other duties and liabilities of such Indemnified Person. 
 (f) The foregoing provisions of this Section 21 shall survive any termination of this Agreement. 
 Section 22. Assignments.

 The Member may assign in whole or in part its limited liability company interest in the Company. Subject to Section 24, the
transferee shall be admitted to the Company as a Member of the Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to
this Agreement. If the Member transfers all of its limited liability company interest in the Company pursuant to this Section 22, the admission of such transferee shall be deemed effective immediately prior to the transfer and,
immediately following such admission, the transferor Member shall cease to be a member of the Company. Notwithstanding anything in this Agreement to the contrary, any successor to the Member by merger or consolidation in compliance with this
Agreement shall, without further act, be the Member hereunder, and such merger or consolidation shall not constitute an assignment for purposes of this Agreement and the Company shall continue without dissolution. 
 Section 23. Resignation. 
 So long as any
Obligation is outstanding, the Member may not resign; provided, that nothing in this Section 23 shall limit the Member’s rights under Section 22 to assign its limited liability company interest. 
 Section 24. Admission of Additional Members. 
 One or more additional Members of the Company may be admitted to the Company with the written consent of the Member. 
 Section 25.
Dissolution. 
 (a) The Company shall be dissolved, and its affairs shall be wound up upon the first to occur of the following:
(i) the termination of the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company in the Company unless the Company
is continued without dissolution in a manner permitted by this Agreement or the Act or (ii) the entry of a decree of judicial dissolution under Section 18-802 of the Act. Upon the occurrence of any event that causes the last remaining
member of the Company to cease to be a member of the Company or that causes the Member to cease to be a member of the Company (other than upon the continuation of the Company without dissolution upon (i) an assignment by 

  

 16 

 
the Member of all of its limited liability company interest in the Company and the admission of the transferee pursuant to Sections 22 and 24, or
(ii) the resignation of the Member and the admission of an additional member of the Company pursuant to Sections 23 and 24), to the fullest extent permitted by law, the personal representative of such member is hereby authorized to, and
shall, within 90 days after the occurrence of the event that terminated the continued membership of such member in the Company, agree in writing (i) to continue the Company and (ii) to the admission of the personal representative or its
nominee or designee, as the case may be, as a substitute member of the Company, effective as of the occurrence of the event that terminated the continued membership of the last remaining member of the Company or the Member in the Company.

 (b) Notwithstanding any other provision of this Agreement, the Bankruptcy of the Member or a Special Member shall not cause the Member or
Special Member, respectively, to cease to be a member of the Company and upon the occurrence of such an event, the Company shall continue without dissolution. 
 (c) Notwithstanding any other provision of this Agreement, each of the Member and the Special Members waives any right it might have to agree in writing to dissolve the Company upon the Bankruptcy of the Member or a
Special Member, or the occurrence of an event that causes the Member or a Special Member to cease to be a member of the Company. 
 (d) In
the event of dissolution, the Company shall conduct only such activities as are necessary to wind up its affairs (including the sale of the assets of the Company in an orderly manner), and the assets of the Company shall be applied in the manner,
and in the order of priority, set forth in Section 18-804 of the Act. 
 (e) The Company shall terminate when (i) all of the assets
of the Company, after payment of or due provision for all debts, liabilities and obligations of the Company shall have been distributed to the Member in the manner provided for in this Agreement and (ii) the Certificate of Formation shall have
been canceled in the manner required by the Act. 
 Section 26. Waiver of Partition; Nature of Interest. 
 Except as otherwise expressly provided in this Agreement, to the fullest extent permitted by law, each of the Member and the Special Members hereby
irrevocably waives any right or power that such Person might have to cause the Company or any of its assets to be partitioned, to cause the appointment of a receiver for all or any portion of the assets of the Company, to compel any sale of all or
any portion of the assets of the Company pursuant to any applicable law or to file a complaint or to institute any proceeding at law or in equity to cause the dissolution, liquidation, winding up or termination of the Company. The Member shall not
have any interest in any specific assets of the Company, and the Member shall not have the status of a creditor with respect to any distribution pursuant to Section 17 hereof. The interest of the Member in the Company is personal
property. 
  

 17 

 Section 27. Benefits of Agreement; No Third-Party Rights. 
 The provisions of this Section shall apply notwithstanding any provision of this Agreement to the contrary. None of the provisions of this Agreement
shall be for the benefit of or enforceable by any creditor of the Company or by any creditor of the Member or a Special Member. Nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons and Indemnified
Persons) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any third Person (except as provided in Section 30). 
 Section 28. Severability of Provisions. 
 Each
provision of this Agreement shall be considered severable and if for any reason any provision or provisions herein are determined to be invalid, unenforceable or illegal under any existing or future law, such invalidity, unenforceability or
illegality shall not impair the operation of or affect those portions of this Agreement which are valid, enforceable and legal. 
 Section 29. Entire
Agreement. 
 This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof. 
 Section 30. Binding Agreement. 
 Notwithstanding
any other provision of this Agreement, the Member agrees that this Agreement constitutes a legal, valid and binding agreement of the Member, and is enforceable against the Member by the Independent Directors, in accordance with its terms. In
addition, the Independent Directors shall be intended beneficiaries of this Agreement. 
 Section 31. Governing Law. 
 This Agreement shall be governed by and construed under the laws of the State of Delaware (without regard to conflict of laws principles), all rights and
remedies being governed by said laws. 
 Section 32. Amendments. 
 Subject to Section 10(i)(ii), this Agreement may be modified, altered, supplemented or amended only pursuant to a written agreement executed and delivered by the Member. 
 Section 33. Counterparts. 
 This Agreement may
be executed in any number of counterparts, each of which shall be deemed an original of this Agreement and all of which together shall constitute one and the same instrument. 
 Section 34. Notices. 
 Any notices required to be delivered hereunder shall be in writing and
personally delivered, mailed or sent by telecopy, electronic mail or other similar form of rapid transmission, and shall be deemed to have been duly given upon receipt (a) in the case of the Company, to the Company at its address in
Section 2, (b) in the case of the Member, to the Member at its address as listed on Schedule B attached hereto and (c) in the case of either of the foregoing, at such other address as may be designated by written notice
to the other party. 
 [SIGNATURE PAGE FOLLOWS] 
  

 18 

 IN WITNESS WHEREOF, the undersigned, intending to
be legally bound hereby, has duly executed this Amended and Restated Limited Liability Company Agreement as of the 10th day of October, 2007.

  

			
	ENERGY FUTURE INTERMEDIATE HOLDING COMPANY LLC
		
	By:	 	/s/ Anthony R. Horton
		 	Name: Anthony R. Horton
		 	Title: Treasurer

  

	
	SPECIAL MEMBERS:
	
	  
	Name:
	
	  
	Name:

 Signature Page to Amended and Restated Oncor Holdings LLC Agreement 

 SCHEDULE A 
 Definitions 
  

	A.	Definitions 

 When used in this Agreement, the
following terms not otherwise defined herein have the following meanings: 
 “Act” has the meaning set forth in the preamble
to this Agreement. 
 “Affiliate” means, with respect to any Person, any other Person directly or indirectly Controlling or
Controlled by or under direct or indirect common Control with such Person; provided, however, that for purposes of Section 10(i)(v) of this Agreement, “Affiliate” shall not include any other Ring-Fenced Entity.

 “Agreement” means this Amended and Restated Limited Liability Company Agreement of the Company, together with the
schedules attached hereto, as amended, restated or supplemented or otherwise modified from time to time. 
 “Bankruptcy”
means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for
relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation,
(v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver
or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or
similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of
all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to
replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act. 
 “Board” or “Board of Directors” means the Board of Directors of the Company. 
 “Certificate of Formation” means the Certificate of Formation of the Company filed with the Secretary of State of the State of Delaware on October 5, 2007, as amended or amended and restated from time to time.

 “Company” means Oncor Electric Delivery Holdings Company LLC, a Delaware limited liability company. 
  

 A-1 

 “Commingled Funds” means (1) the assets or funds deposited by Oncor Electric
Delivery in connection with the Plans, (2) the Transition Charges owned by Oncor Electric Delivery Transition Bond Company LLC, or (3) revenues received by Oncor Electric Delivery under Rider NDC (Nuclear Decommissioning Charge) of Oncor
Electric Delivery’s Tariff for Retail Delivery Service. 
 “Control” means the possession, directly or indirectly, of
the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities or general partnership or managing member interests, by contract or otherwise. “Controlling” and
“Controlled” shall have correlative meanings. Without limiting the generality of the foregoing, a Person shall be deemed to Control any other Person in which it owns, directly or indirectly, a majority of the ownership interests.

 “Covered Persons” means, collectively, each Officer, Director, and employee of the Company, of the Member, and of each
Affiliate of the Member. 
 “Director” means each of the Persons elected to the Board of Directors from time to time by the
Member or the Nominating Committee, including the Independent Directors, in his or her capacity as manager of the Company. A Director is hereby designated as a “manager” of the Company within the meaning of Section 18-101(10) of the
Act. 
 “Fitch” means Fitch, Inc. 
 “Fund Advisors” means, collectively, Kohlberg Kravis Roberts & Co. L.P., TPG Capital, L.P., and Goldman Sachs & Co. 
 “Indemnified Persons” means, collectively, (1) each Officer and Director of the Company, (2) the Member and each Officer and
Director of the Member, and (3) any employee of the Company with whom the Company enters into a written agreement approved by a majority of the Board of Directors that includes an indemnification obligation referencing Section 21 of
this Agreement. 
 “Independent Director” means any Director of the Company (i) whom the Board has affirmatively
determined to have no material relationship with the Company or any Non-Ring-Fenced Entity (either directly or as a partner, shareholder or officer of an organization that has a material relationship with the Company, Oncor Electric Delivery, or any
Non-Ring-Fenced Entity) and (ii) who otherwise would be considered “independent” in all material respects of the Company and each of the Non-Ring-Fenced Entities in accordance with the criteria set forth in Section 303A of the
New York Stock Exchange Manual; provided, that, (1) a Person’s capacity as a director of TXU Corp. or as a shareholder of TXU Corp. prior to the date the common stock of TXU Corp. was acquired by Merger Sub Parent shall not
preclude such Person from being an Independent Director, if such individual otherwise satisfies the criteria set forth above; (2) the indirect or beneficial ownership of stock through a mutual fund or similar diversified investment vehicle with
respect to which the owner does not have discretion or control over the investments held by such diversified investment vehicle (other than any such investment vehicle which is an Affiliate of any of the Fund Advisors) shall not preclude such owner
from being an Independent Director; (3) the direct or indirect legal or beneficial ownership of interests in a Non-Ring-Fenced Entity shall not preclude such owner from being an Independent Director if such ownership is of a de minimis
magnitude that the other Independent Directors determine would not reasonably be expected to influence the judgment of the proposed Independent Director in 

  

 A-2 

 
determining the interests of the Company or Oncor Electric Delivery and (4) with respect to a ratepayer, supplier, creditor or independent contractor
of, or a Person who received any benefit from or provided any services to, the Company, Oncor Electric Delivery, or any Non-Ring-Fenced Entity, such relationship shall not preclude such Person or any Affiliate of such Person from being an
Independent Director if the other Independent Directors determine that such relationship is of a nature or magnitude as would not reasonably be expected to influence the judgment of the proposed Independent Director in determining the interests of
the Company or Oncor Electric Delivery. Notwithstanding anything to the contrary in this definition of “Independent Director”, a Director who also serves as an Independent Director of another Ring-Fenced Entity and who otherwise satisfies
the criteria set forth above for an “Independent Director”, may still be considered independent within the meaning hereof. 
 “Initial Member” means Energy Future Intermediate Holding Company LLC, a Delaware limited liability company. 
 “Management Agreement” means the agreement of the Directors in the form attached hereto as Schedule C. The Management Agreement shall be deemed incorporated into, and a part of, this Agreement. 
 “Material Action” means (i) to consolidate or merge the Company with or into any Person with the result that the Company is not the
surviving entity; (ii) to consolidate or merge the Company with or into any TXU Group member; (iii) to sell, transfer or dispose of all or substantially all of the assets of the Company (including by way of merger) without adequate
provision for the payment of all creditors of the Company and Oncor Electric Delivery; (iv) to institute proceedings to have the Company be adjudicated bankrupt or insolvent, or consent to the institution of bankruptcy or insolvency proceedings
against the Company or file a petition seeking, or consent to, reorganization or relief with respect to the Company under any applicable federal or state law relating to bankruptcy, or consent to the appointment of a receiver, liquidator, assignee,
trustee, sequestrator (or other similar official) of the Company or a substantial part of its property, or make any assignment for the benefit of creditors of the Company, or admit in writing the Company’s inability to pay its debts generally
as they become due, or take action in furtherance of any such action; or (v) to the fullest extent permitted by law, to dissolve or liquidate the Company without adequate provision for the payment of all creditors of the Company and Oncor
Electric Delivery. 
 “Member” means Energy Future Intermediate Holding Company LLC, as the Initial Member of the Company,
and includes any Person admitted as an additional member of the Company or a substitute member of the Company pursuant to the provisions of this Agreement, each in its capacity as a member of the Company; provided, however, the term
“Member” shall not include the Special Members. 
 “Moody’s” means Moody’s Investor Services, Inc.

 “Non-Ring-Fenced Entity” means each TXU Group member; each Fund Advisor; Citibank, N.A.; Lehman Brothers Holdings Inc.;
Morgan Stanley & Co. Incorporated; Credit Suisse; J.P. Morgan Chase Bank, N.A.; Texas Energy Future Holdings LLC and Texas Energy Future Holdings Limited Partnership. 
  

 A-3 

 “NRSRO” means each of S&P, Moody’s, Fitch and any other nationally recognized
statistical rating organization. 
 “Obligations” mean all debt obligations (whether secured or unsecured) of any
Ring-Fenced Entity rated by a NRSRO, whether now or hereafter outstanding. 
 “Officer” means an officer of the Company
described in Section 12. 
 “Officer’s Certificate” means a certificate signed by any Officer of the
Company who is authorized to act for the Company in matters relating to the Company. 
 “Oncor Electric Delivery” means
Oncor Electric Delivery Company LLC, a Delaware limited liability company. 
 “Oncor Electric Delivery LLC Agreement” means
the Amended and Restated Limited Liability Company Agreement of Oncor Electric Delivery, as the same may be amended and restated, supplemented or otherwise modified from time to time 
 “Person” means any individual, corporation, partnership, joint venture, limited liability company, limited liability partnership,
association, joint stock company, trust, unincorporated organization, or other organization, whether or not a legal entity, and any governmental authority. 
 “Plans” means those certain defined benefit pension plans maintained or contributed to by TXU Corp. and certain of its Affiliates (including Oncor Electric Delivery) for the benefit of their employees
(including executives, employee directors, former employees and retirees), collectively with the other postretirement employee benefit plans maintained or contributed to by TXU Corp. and certain of its Affiliates (including Oncor Electric Delivery).

 “PUCT” means the Public Utility Commission of Texas. 
 “Reimbursement Agreements” means (1) the Reimbursement Agreement, dated January 1, 2004, between Oncor Electric Delivery (as
successor-in-interest to Oncor Electric Delivery Company) and Luminant Generation Company LP (“Luminant Genco”) (formerly known as TXU Generation Company LP), providing for the reimbursement of certain interest expenses relating to
the securitization of certain generation-related regulatory assets held by the Company, together with (2) the Reimbursement Agreement, dated January 1, 2002, between Oncor Electric Delivery (as successor-in-interest to Oncor Electric
Delivery Company) and Luminant Genco, providing for payment by Luminant Genco to the Company of certain federal income taxes associated with certain generation-related regulatory assets held by Oncor Electric Delivery. 
 “Ring-Fenced Entities” means the Company, Oncor Electric Delivery and each of their Subsidiaries. 
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. 
 “SEC” means the United States Securities and Exchange Commission. 
  

 A-4 

 “Special Independent Director” means any Director who, in addition to meeting the
requirements applicable to Independent Directors, has not been at the time of his or her appointment or at any time in the preceding five years, and during the continuation of his or her service as a Director is not, (i) a direct or indirect
legal or beneficial owner in the Company, Oncor Electric Delivery, or any Non-Ring-Fenced Entity, (ii) a creditor; supplier; employee; officer; director; family member of any employee, officer or director; manager or contractor of the Company,
Oncor Electric Delivery, or any Non-Ring-Fenced Entity, or (iii) a person who controls (whether directly, indirectly, or otherwise) the Company, Oncor Electric Delivery or any Non-Ring-Fenced Entity or any creditor, supplier, employee, officer,
director, manager, or contractor of the Company, Oncor Electric Delivery, or any Non-Ring-Fenced Entity; provided, that, (1) the indirect or beneficial ownership of stock through a mutual fund or similar diversified investment
vehicle with respect to which the owner does not have discretion or control over the investments held by such diversified investment vehicle (other than any such investment vehicle which is an Affiliate of any of the Fund Advisors) shall not
preclude such owner from being a Special Independent Director; and (2) the direct or indirect legal or beneficial ownership of interests in a Non-Ring-Fenced Entity shall not preclude such owner from being a Special Independent Director if such
ownership is of a “de minimis magnitude”, which, for purposes of this definition, shall mean a fair value that does not exceed one percent of the net worth of such Special Independent Director. Notwithstanding anything to the contrary in
this definition of “Special Independent Director”, a Director who also serves as an Independent Director of another Ring-Fenced Entity and who otherwise satisfies the criteria set forth above for an “Special Independent
Director”, may still be considered independent within the meaning hereof. 
 “Special Member” means, upon such
person’s admission to the Company as a member of the Company pursuant to Section 6(c), each person designated as a Special Member on the signature pages of the Agreement or on the signature pages of a counterpart to the Agreement,
in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement. 
 “Subsidiary” or “Subsidiaries” of an entity means each other entity that (a) is Controlled by such entity, or (b) a majority of the beneficial interests of which are owned
by such entity. 
 “Transition Charges” means those charges collected from retail electric customers to pay the principal
and interest on, and the associated costs to issue and service, bonds issued by Oncor Electric Delivery Transition Bonds Company LLC. 
 “TXU Group” means TXU Corp., a Texas corporation, its successors, and its Subsidiaries, and any individual or entity controlling or owning, directly or indirectly, more than 49% of the beneficial interests in the Company,
other than the Ring-Fenced Entities. 
  

 A-5 

	B.	Rules of Construction 

 Definitions in this
Agreement apply equally to both the singular and plural forms of the defined terms. The words “include” and “including” shall be deemed to be followed by the phrase “without limitation.” The terms “herein,”
“hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Section, paragraph or subdivision. The Section titles appear as a matter of convenience only and shall not
affect the interpretation of this Agreement. All Section, paragraph, clause, Exhibit or Schedule references not attributed to a particular document shall be references to such parts of this Agreement. References to any entity shall also be deemed to
be references to its successor entities. 
  

 A-6 

 SCHEDULE B 
 Member 
  

									
	 Name
	  	 Mailing Address
	  	Agreed Value of
Capital Contribution	  	Limited Liability
Company Interest	 
	 Energy Future Intermediate Holding Company LLC
	  	 Energy Plaza
 1601 Bryan Street
 Dallas, Texas 75201-3411
	  	$	100,000	  	100	%

  

 B-1 

 SCHEDULE C 
 Management Agreement 
                                     
    , 2007 
 [______________________ 
 ______________________ 
 ______________________] 
  

	 	Re:	Management Agreement – Oncor Electric Delivery Holdings Company LLC 

 Ladies and Gentlemen: 
 For good and valuable consideration, each of the undersigned Persons, who have been designated as Directors
of Oncor Electric Delivery Holdings Company LLC, a Delaware limited liability company (the “Company”), in accordance with the Amended and Restated Limited Liability Company Agreement of the Company, dated as of October 10,
2007, as it may be amended or restated from time to time (the “LLC Agreement”), hereby agree as follows: 
 1. Each of the
undersigned accepts such Person’s rights and authority as a Director under the LLC Agreement and agrees to perform and discharge such Person’s duties and obligations as a Director under the LLC Agreement, and further agrees that such
rights, authorities, duties and obligations under the LLC Agreement shall continue until such Person’s successor as a Director is designated or until such Person’s resignation or removal as a Director in accordance with the LLC Agreement.
Each of the undersigned agrees and acknowledges that it has been designated as a “manager” of the Company within the meaning of the Delaware Limited Liability Company Act. 
 2. So long as any Obligation is outstanding, each of the undersigned agrees, solely in its capacity as a creditor of the Company on account of any
indemnification or other payment owing to the undersigned by the Company, not to acquiesce, petition or otherwise invoke or cause the Company to invoke the process of any court or governmental authority for the purpose of commencing or sustaining an
involuntary case against the Company under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Company or any substantial part
of the property of the Company, or ordering the winding up or liquidation of the affairs of the Company. 
 3. THIS MANAGEMENT AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, AND ALL RIGHTS AND REMEDIES SHALL BE GOVERNED BY SUCH LAWS WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. 
 Initially capitalized terms used and not otherwise defined herein have the meanings set forth in the LLC Agreement. 
  

 C-1 

 This Management Agreement may be executed in any number of counterparts, each of which shall be deemed an
original of this Management Agreement and all of which together shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, the
undersigned have executed this Management Agreement as of the day and year first above written. 
  

	
	
	  
	
	  
	
	  
	
	  
	
	  

  

 C-2 

 SCHEDULE D 
 DIRECTORS 
  

	1.	Nora Brownwell 

  

	2.	William T. Hill, Jr. 

  

	3.	Marc S. Lipschultz 

  

	4.	Robert S. Shapard 

  

	5.	Richard W. Wortham III 

  

 D-1 

 SCHEDULE E 
  

			
	 Officers
	  	 Title

	 Robert S. Shapard
	  	Chairman of the Board and Chief Executive
	 R.D. Trimble
	  	President and Chief Operating Officer
	 Brenda L. Jackson
	  	Senior Vice President
	 Brenda J. Pulis
	  	Senior Vice President
	 Charles W. Jenkins III
	  	Senior Vice President
	 David T. Gill
	  	Senior Vice President
	 James A. Greer
	  	Senior Vice President
	 David M. Davis
	  	Vice President, Chief Financial Officer and Secretary
	 Deborah L. Dennis
	  	Vice President
	 Michael E. Guyton
	  	Vice President
	 John W. Self
	  	Vice President
	 Debra L. Elmer
	  	Vice President
	 Richard C. Hays
	  	Controller
	 John M. Casey
	  	Treasurer

  

 E-1 

 SCHEDULE F 
 INITIAL MEMBERS OF THE NOMINATING COMMITTEE: 
  

	1.	William T. Hill, Jr. 

  

	2.	Mark S. Lipschultz 

  

	3.	Richard W. Wortham III 

  

 F-1

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