Document:

INTERNATIONAL DISTRIBUTOR AGREEMENT

 

 

THIS INTERNATIONAL DISTRIBUTOR AGREEMENT (this
“Agreement”) is made and entered into on __________, 2013 (“Effective Date”) by and between WindStream
Technologies, Inc., a California corporation with a principal place of business at 819 Buckeye Street, North Vernon, IN 47265 (“WindStream”)
and Jamaica Public Service Company Ltd., a corporation organized and existing under the laws of Jamaica with its registered head
office at 6 Knutsford Boulevard, Kingston 5, Jamaica (“JPS”).

 

1.Appointment and Acceptance

 

1.1 WindStream hereby appoints JPS on an exclusive
basis to purchase and resell the Products in the Territory. JPS accepts this appointment on the terms and conditions set forth
herein and obligates itself to the requirements of this Agreement.

 

1.2 The term "Products" shall mean
the WindStream products listed on Exhibit A attached hereto. Notwithstanding the foregoing, WindStream will make available to JPS
its product offerings on an “open source” basis, offering full “product availability” throughout the term
hereof; provided, that WindStream reserves the right to delete discontinued Products upon thirty (30) days prior written notice
to JPS. The Products will include all products or support accessories commercially reasonably necessary to facilitate the final
sale and installation of Products to the commercial or residential end user, including, without limitation, breakout, assembly
consolidation, pre-pack and JIT consumer fulfillment from the point of sale pending the fulfillment order produced by JPS. New
or additional Products developed by WindStream during the term of this Agreement shall be included on Exhibit A.

 

1.3 The term "Territory" shall mean
the Caribbean.

 

1.4 JPS shall not appoint any subdistributors,
subrepresentatives or subagents to sell or otherwise promote the sale of the Products without the express written consent of WindStream.
JPS shall not, without the express written authorization of WindStream (i) re-export the Products from the Territory, or (ii) sell,
service or promote the Products from a location outside of the Territory.

 

1.5 WindStream has appointed its registered
product Dealer, Caribbean ESCO, Ltd. (herein referred to as “ESCO”) to execute, bring resolution to, or close, open
issues under this Agreement in the absence of WindStream, until such date WindStream establishes offices in the region –
provided however that any such resolution remains subject to WindStream approval. For the purposes thereof, ESCO shall be deemed
the authorized agent of WindStream.

 

2.Direct Sales. WindStream shall not directly or indirectly
sell or cause or permit to be sold any of the Products in the Territory by any person other than JPS without the prior written
consent of JPS; provided that JPS is not in breach of this Agreement at the time of such sale. In the event that WindStream should
make any sales directly to customers in the Territory with the consent of JPS, it will compensate JPS for any and all technical
assistance performed at WindStream's request. Further, in the event a prospective customer approaches WindStream with the request
for a Product quotation WindStream shall direct such person to contact JPS for the said quotation; provided that JPS is not in
breach of this Agreement at the time of request for Product quotation.

 

3.JPS’s Representations. In order to induce WindStream
to enter into this agreement, JPS, and its undersigned officer, warrant and represent that:

 

3.1 JPS is a corporate entity duly organized
and in good standing, and will remain in compliance with all applicable laws in the Territory.

 

3.2 JPS was not created primarily to enter
into this Agreement or to handle the Products, and its business is not exclusively or principally devoted to the purchase and resale
of the Products.

 

3.3 JPS is and will remain an independent contractor
with respect to its relationship with WindStream. JPS agrees that with the exception of the offered by WindStream under this Agreement,
WindStream has granted it no authority to make changes to WindStream's terms and conditions of sale, or, in general, to enter into
contracts or make quotations on behalf of or to bind WindStream in any transactions with JPS's customers or any governmental agencies
or third parties. No relationship of employment shall arise between WindStream and JPS, or between WindStream or any employee or
representative of JPS. JPS is at all times acting for its own account, and at its own expense with the exception of the warranties
hereunder which are extended to JPS’ customers. WindStream agrees that the warranties provided to JPS under this Agreement
and the Sales Order shall be extended to third parties who purchase the Products from JPS.

 

4. Term

 

4.1 Subject to the provisions of Section 13
below, the term of this agreement shall be for a fixed period of three (3) years, commencing on the Effective Date and ending automatically
at the expiration of such period, unless renewed as provided in provision 4.2 below.

 

4.2 If WindStream and JPS expressly agree in
writing to renew this Agreement prior to the foregoing expiration date, this Agreement shall continue in full force and effect
for up to two (2) successive one (1) year renewal periods.

 

5.Prices and Terms

 

5.1. The Product
prices will be quoted in each applicable Sales Order, and the Terms and Conditions of Sale attached thereto (the “Sales
Order”). Prices are exclusive of any national, state or local sales, use, value added or other
taxes, customs duties, or similar tariffs and fees, which shall be the responsibility of JPS. In the event that WindStream is required
to pay any such taxes, duties or fees, such items will be added to the invoice to be paid by JPS. Additional payment terms for
each order will be set forth in the applicable Sales Order. 

 

5.2 WindStream may adjust the prices of the
Products from time to time upon thirty (30) days prior written notice to JPS. All quotations issued by Windstream prior to the
effective date of the price change shall remain valid and the price protected for a period not exceeding three (3) months from
the effective date of the price change.

 

5.3 All payments shall be made in United States
dollars and shall be made by JPS no later than thirty (30) days following the receipt of WindStream’s invoice or subject
to credit terms offered to JPS by EXIM Bank (Export Import Bank of the United States).

 

 

5.4 WindStream will provide JPS, pending approval
from the EXIM Bank , the following credit terms, provided that such credit terms shall be modifiable at any time by WindStream
in its sole option:

 

5.4.1 180 day after shipment credit terms for
all WTI approved inventory, included but not limited to turbines, PV, inverters and mounting kits.

 

5.5 JPS will submit to WindStream a buyer credit
limit form for a minimum of $500,000.00 USD for purchases of Products hereunder. Upon WindStream’s approval of JPS credit
line, JPS will issue an inventory purchase order of a minimum of $500,000.00.

 

6.WindStream Obligations. WindStream will, in conjunction
with ESCO, during the term of this Agreement:

 

6.1 Provide pre-launch sales and installation
training and support for all retail stores as reasonably necessary without additional charge at JPS’s facility for a reasonable
number of JPS's engineers, sales and/or service personnel in use, maintenance, installation and operation of the Products. WindStream
agrees to pay all expenses of its employees and agents, and that of ESCO, to conduct such training sessions, including salaries
and transportation. JPS will organize the sales and installation associates and host all onsite training events;

 

6.2 Develop a certified installer program for
JPS sponsored contractors;

 

6.3 Provide JPS monthly operating reports and
billing statements to replenish outbound inventory consumption on a 30 day fulfillment period;

 

6.4 Provide $50,000 USD worth of in-kind marketing
materials for E-Stores including but not limited to in-store displays, paper marketing materials, and demonstration units; JPS
shall be responsible for generating all additional materials to be used in the Territory;

 

6.5 Render assistance, as needed, to JPS on
energy assessment, system design, installation, inventory management, service and maintenance, technical and sales problems and
make visits to the Territory, at no cost to JPS;

 

6.6 Provide commercial project consultation
and management services as deemed necessary by JPS; provided that WindStream and ESCO may charge for these services on a case by
case basis;

 

6.7 Invoice JPS for each Product sold on the
day it is shipped or in accordance with the terms of the accepted relevant Sales Order.

 

7.JPS Obligations. JPS agrees that it will:

 

7.1 Actively use its reasonable efforts to
promote and penetrate the market for the Products in the Territory; JPS will exclusively purchase and market solar, wind, hybrid
energy products from WindStream for the residential and commercial markets in the Territory;

 

7.2 Provide consultation and support services
to WindStream for all products that require certification from the Jamaican Bureau of Standards;

 

 

7.3 Maintain adequate premises and facilities
within the Territory, at its own expense, from which to sell and/or service the Products, including, without limitation, a suitable
warehousing facility for in market assembly and fulfillment.

 

7.4 Employ an adequate number of capable salesmen
with engineering experience, at its own expense, to engage in the sale and service of the Products;

 

7.5 Make available its salesmen, from time
to time, as may be mutually agreeable, to visit WindStream's facility at JPS's expense, for the purpose of developing expertise
in the capabilities, competitive advantages, and operation of the Products;

 

 

7.6 Submit to WindStream regular weekly and
monthly status reports in the format specified by WindStream, reflecting sales activities and anticipated requirements of customers
in the Territory;

 

 

 

7.7 Promptly submit its written purchase orders
to WindStream to facilitate reasonable delivery times and scheduling of production;

 

; and

 

 

 

8.Purchase Orders. Any purchase orders issued by JPS
are subject to acceptance by WindStream and will not be deemed accepted until a written confirmation has been dispatched by WindStream.

 

9.Delivery/Title/Risk of Loss

 

9.1 WindStream will ship all Products Free
Carrier (FCA) (JPS named international carrier) (JPS pays freight and insurance) WindStream’s place of manufacture. INCOTERMS
2010 published by the International Chamber of Commerce shall govern to the extent that the applicable Sales Order specifies terms
covered by INCOTERMS 2010; provided, however, that in the event of any conflict between the Sales Order and INCOTERMS 2010, the
terms of this Agreement and the applicable Sales Order shall govern, the former taking precedence over the latter..

 

9.2 Any shipping schedule provided by WindStream
to JPS is WindStream’s then current estimate of delivery dates. WindStream will use its best efforts to deliver the Products
in accordance with that schedule, but does not warrant or guarantee any particular delivery dates. If a specific shipping date
is designated either on the face hereof or subsequently by writing signed by WindStream, WindStream will not be liable for any
damages, including indirect, incidental or consequential damages, in connection with the delivery or non-delivery of any Product,
including but not limited to damages incurred during shipment or caused by a delay in delivery; provided that such damage is not
the result of the incorrect or unsatisfactory packaging and loading of such Products. Upon delivery of the Products to the JPS
appointed international carrier, title and risk of loss will pass to JPS; provided that such damage or loss is not the result of
the incorrect or unsatisfactory packaging and loading of such Products. The carrier will be deemed to be JPS’ agent and JPS
bears all risk of loss or damage during transit; provided that such damage or loss is not the result of the incorrect or unsatisfactory
packaging and loading of such Products. WindStream shall be responsible for the preparation and packing of the Products so as to
ensure compliance with carrier regulations and prevent damage or deterioration during handling, shipment and storage. If the Products
are damaged or deteriorate as a result of improper packing or packaging, WindStream shall be liable for such damage or deterioration.

 

10.Product Warranty

 

10.1 WindStream warrants to JPS that the Products
will be free from defects in material and workmanship for a period of the later of: (a) five (5) years from the shipping date;
and (b) three (3) years from the date of completion of installation at the end user site. This Product Warranty is extended to
JPS and such warranty may be passed through to JPS’s customer.

 

10.2 The responsibility of WindStream under
the foregoing warranty shall be, at its option will either (a) repair any Product found to be defective in workmanship or material,
(b) replace any Product found to be defective in workmanship with conforming goods FCA at JPS’ appointed international carrier
or (c) refund the purchase price paid for any Product found to be defective, but only on condition that (i) JPS shall make a written
claim within ninety (90) days after the appearance of such defect within the Warranty Period setting forth in reasonable detail
the nature of the alleged defect in workmanship or material that gave rise to such warranty claim, and (ii) within ninety (90)
days after the appearance of such alleged defect, any Products alleged to be defective must be returned to WindStream at the address
designated by WindStream or at the option of WindStream. Replacement parts supplied by WindStream will be guaranteed for the remainder
of the Product warranty period or ninety (90) days from date of shipment from factory, whichever is greater.

 

10.3 All WindStream warranties hereunder are
conditioned upon proper use of the Products in the application for which they are intended, and no warranty shall apply to: (a)
improper installation or storage; (b) ordinary wear, tear or deterioration of the Products; (c) operation or maintenance not in
accordance with applicable operating instructions; (d) accident, damage, abuse or misuse; (e) modification by any party other than
WindStream, where such modification is not undertaken with the consent of WindStream or (f) abnormal or unusual operating conditions
or applications, including any application in any way different from that for which such Product was designed. Any modification,
tampering or manipulation of the Products, any alteration of any parts or any substitution of parts not provided by WindStream
or not authorized by WindStream shall render void all of WindStream’s warranties with respect to the Products.

 

11.WindStream’s Confidential Information and Rights

 

11.1 JPS acknowledges that it will acquire
information and materials from WindStream and knowledge about the technology, business, organization, products, strategies, customers,
and suppliers of WindStream and that all such knowledge, information and materials acquired and the existence, terms and conditions
of this Agreement are and will be trade secrets and confidential and proprietary information of WindStream (collectively "Confidential
Information"), whether owned by WindStream or licensed by WindStream from third parties, are subject to a valuable proprietary
interest of WindStream, and that JPS is under an obligation to maintain the secrecy of such Confidential Information. Without limiting
the generality of the foregoing obligations, JPS agrees that for the term of this Agreement and thereafter until such time as the
Confidential Information is in the public domain, JPS will (i) not disclose, publish or disseminate any Confidential Information
to any third party without the prior written approval of WindStream except to its employees with a “need to know” who
have executed an agreement with JPS to comply the nondisclosure and nonuse obligations of this Section 11 and ESCO, (ii) not use
any Confidential Information for any other purpose other than to perform the obligations of this Agreement, and (iii) treat all
Confidential Information in a secret manner, including placing appropriate restricted marking and legends on the Confidential Information
and maintain such written information in a secure storage facility.

 

11.2 During the term of this Agreement, JPS
is authorized to use WindStream trademarks for the Products in connection with JPS's advertisement, promotion and distribution
of the Products in the Territory. JPS acknowledges that WindStream owns and retains all trademarks, copyrights and other proprietary
rights in the Products, and agrees that it will not at any time during or after the termination of this Agreement seek to register
any trademark, trade name, copyright or other proprietary right or assert or claim any interest in or take any action which may
adversely affect the validity or enforceability of any trademark, trade name, trade secret, or copyright belonging to or licensed
to WindStream.

 

11.3 JPS agrees to use reasonable efforts to
protect WindStream's proprietary rights and to cooperate in WindStream's efforts to protect its proprietary rights. JPS agrees
to notify WindStream of any known or suspected breach of WindStream's proprietary rights and to cooperate with WindStream in any
action by WindStream to investigate or remedy an infringement of such rights. Any efforts or support provided by JPS in accordance
with this Section 11.3 shall be atWindStream’s expense.

 

11.4 Neither JPS nor its employees and agents,
will, without WindStream's prior consent, alter any of the Products or remove, alter, obliterate or mar any notice or legend of
WindStream's copyrights, trademarks or trade secrets.

 

12.Infringement Indemnification

 

12.1 WindStream shall indemnify and hold JPS
harmless against any claim, suit or proceeding brought against the JPS so far as it is based on a claim that the use or transfer
of any Products delivered hereunder constitutes an infringement of a patent, trademark or copyright, so long as WindStream is notified
in writing by the JPS of any such action and given full information and assistance at WindStream's expense for the defense of any
such claim or proceedings. WindStream shall pay all damages and cost awarded against the JPS but shall not be responsible for any
settlement made without its consent. In the event of final judgment which prohibits the JPS or the JPS's customers from continued
use of any Products by reason of infringement of such patent, trademark or copyright, WindStream shall at its expense, obtain the
rights to continued use of any such Product, replace or modify such Product so that it is no longer infringing.

 

12.2 WindStream shall have no liability to
the JPS under any provisions of this Section 12 if any patent, trademark or copyright infringement or claim thereof is based upon
the use of Products delivered hereunder in connection or in combination with equipment or devices not delivered by WindStream or
use of any such Product in a manner for which the same was not designed; provided that such utilization gives rise to such claim
of infringement.

 

13.Termination

 

13.1 WindStream may terminate this Agreement
at any time prior to the expiration of its stated term upon the occurrence of any of the following events, each of which is expressly
declared to be "Just Cause" for termination of this Agreement:

 

13.1.1 JPS defaults in any payment due WindStream
for Products purchased under this Agreement and such default continues unremedied for a period of fifteen (15) days following WindStream's
written notice to JPS;

 

13.1.2 JPS fails to perform any other obligation,
warranty, duty or responsibility under the Agreement, and such failure or default continues unremedied for a period of thirty (30)
days following WindStream's written notice to JPS;

 

13.1.4 JPS becomes insolvent; proceedings are
instituted by or against it in bankruptcy, insolvency, reorganization or dissolution; or it makes an assignment for the benefit
of creditors; or

 

13.1.5 JPS is merged, consolidated, or substantially
changes the nature or character of its business, or substantially changes its management ownership or principals;

 

13.2 Either party may terminate this Agreement
at will at any time during the term of this Agreement, with or without cause, by giving not less than two (2) months written notice
to the other party.

 

13.3 Upon termination hereby by either party:

 

13.3.1 All sums due to either party from the
other shall be promptly paid;

 

13.3.2 JPS orders received and accepted by
WindStream prior to termination of this Agreement shall be fulfilled in accordance with their terms;

 

13.3.3 JPS shall deliver promptly to WindStream
all Confidential Information in JPS’s possession or under JPS’s control upon receipt by JPS of the written request
for such information from WindStream;

 

13.3.4 JPS will cease all display, advertising
and use of WindStream tradenames, trademarks, logos and designations, except uses on the Products which remain in JPS's possession;
and

 

13.3.5 WindStream shall have the option to
repurchase any or all of the Products in JPS’s inventory which are new and unused at net price paid originally by JPS and
WindStream shall be responsible for all cost associated with the transportation and shipment of such Products from JPS or such
location where such Products are being held on behalf of JPS.

 

14.Governing Law. The parties agree that, subject to
the provisions of this Agreement to the contrary, the laws of Jamaica shall govern the interpretation, enforcement and performance
of this Agreement. WindStream and JPS each expressly waive and disavow any rights that may accrue under any other body of law.

 

15.Dispute Resolution

 

15.1It is the intention of the parties to use their best
efforts to informally resolve, where possible, any dispute, claim, demand or controversy arising out of the performance of this
Agreement by mutual negotiation and cooperation.

 

15.2In the event that the parties
are unable to informally resolve any dispute, claim, demand, controversy or cause of action of every kind and nature whatsoever,
known or unknown, vested or contingent, that such party may now have or at any time in the future claim to have based in whole
or in part, or arising from or that in any way is related to the negotiations, execution, interpretation or enforcement of this
Agreement (collectively, the "Disputes"), the parties may by mutual agreement proceed to have such Dispute completely
and finally settled by submission of the said Dispute to arbitration before a single arbitrator under the Rules of Conciliation
and Arbitration of the International Chamber of Commerce then in effect. Unless the parties agree otherwise, the arbitration proceedings
shall take place in New York, New York, U.S.A., and the arbitration proceedings hereunder shall be conducted in English. The award
of the arbitrator shall be in writing, shall be final and binding upon the parties. Judgment on such award may be entered in any
court of appropriate jurisdiction, or application may be made to that court for a judicial acceptance of the award and an order
of enforcement, as the party seeking to enforce that award may elect.

 

16.Attorney’s Fees. If any party shall commence
any action or proceeding against another that arises out of the provisions hereof, or to recover damages as the result of the alleged
breach of any of the provisions hereof, the prevailing party therein shall be entitled to recover all reasonable costs incurred
in connection therewith, including reasonable attorneys' fees, unless the arbitrator awards otherwise.

 

17.U.S. Laws and Regulations

 

17.1 JPS acknowledges that WindStream has informed
it that United States law and related regulations may under certain circumstances forbid the re-export of Products (or associated
technical data) sold or transferred to customers in the Territory or elsewhere. JPS agrees that it will make every reasonable effort
to comply with such regulations, including providing customer information required by WindStream to comply with United States and
local country laws and regulations.

 

17.2 JPS shall comply with all applicable laws
in performing its obligations under this Agreement. Without limiting the generality of the foregoing, JPS further agrees that it
shall not knowingly take no action that would violate the U.S. Foreign Corrupt Practices Act of 1977, as amended, or any other
similar U.S. or foreign law, or take any action that would create any liability for WindStream under any such law. WindStream reserves
the right to withhold payment under this Agreement if it receives information causing it to believe in good faith that JPS has
knowingly taken any action that could subject WindStream to liability under the U.S. Foreign Corrupt Practices Act of 1977, as
amended.

 

18.Non-Solicitation and Covenant Not to Compete.

 

18.1 During the period commencing on the date
hereof and ending two (2) years after the termination of this Agreement for any reason (the “Restricted Period”), JPS
shall not directly or indirectly induce, solicit, persuade or entice or attempt to induce, solicit, persuade or entice any of the
employees, consultants or agents of WindStream to leave the employment of WindStream including any of its affilaites or subsidiaries
or to terminate the consultancy or agency relationship with WindStream, as the case may be.

 

18.2 During the Restricted Period, JPS shall
not, without the written consent of a duly authorized officer of WindStream: (i) directly or indirectly, whether as principal,
agent, stockholder, or in any other capacity, have a financial interest in any company or enterprise which is in competition with
any business actively conducted by WindStream or any of its subsidiaries; provided, however, that this shall not be deemed to preclude
JPS from owning not more than 1% of the stock or securities of any corporation, the shares of which are registered under Section
12 of the Securities Exchange Act of 1934, as amended or (ii) directly or indirectly, whether as principal, agent, stockholder,
employee, consultant or in any other capacity, provide any services to any of WindStream’s clients, or provide any services
to any company or enterprise which in either case such direct or indirect provision of such service would result in competition
with the services, products and technologies sold, licensed or being developed or planned or otherwise contemplated by WindStream
or any of its subsidiaries or affiliates at the time of the termination of this Agreement. However, nothing contained herein will
prevent JPS from (a) having a financial interest in or providing services for or with respect to any subsidiary, division or affiliate
or unit (each, a “Unit”) of an entity if that Unit is not engaged in any business which is competitive with the business
of WindStream, irrespective of whether some other Unit of such entity engages in such competition (as long as JPS does not have
a financial interest in or provide services for such other Unit) and provided JPS presents a signed statement to WindStream stating
the name of each such Unit, the type of business conducted by each such Unit and affirming that s/he will not be in any way involved
with the Unit(s) which are competitive with the business of WindStream; or (b) from accepting a non-comparable position with a
competitor of WindStream, provided s/he presents a signed statement to WindStream stating the name of the competitor and affirming
that his/her position with the competitor is not comparable to the position that s/he held with WindStream; or (c) subject to Section
7.1, entering into any contractual arrangement with a third party competitor of WindStream for the provision by such third party
of any goods or service to JPS.

 

18.3 During the Restricted Period, JPS shall
not, directly or indirectly, induce, solicit, persuade or entice or attempt to induce, solicit, persuade or entice any person who
is then or has been within the preceding 12-month period a customer, client or account of WindStream or any of its affiliates,
or any actual customer leads whose identity JPS learned of during the term of this Agreement or any extension thereof, to terminate
or to adversely alter its contractual or other relationship with WindStream or any of its affiliates.

 

19. Limitation of Liability. Neither WindStream nor JPS
shall be liable to the other, or to JPS's customers, for any special, indirect, or consequential damages, including but not limited
to loss of profits, loss of business opportunities, or loss of business investment.

 

20.Indemnification. JPS agrees to indemnify and hold
WindStream harmless from any costs, claims, damages, losses, liabilities or expenses (including reasonable attorney's fees) asserted
by any third party resulting from JPS’s breach of the Agreement, any inaccurate or unauthorized representation or warranty
made by JPS, misuse or modification of the Products by JPS or failure to conform to local laws and regulations. WindStream agrees
to defend, indemnify and hold harmless JPS from and against all claims by third parties against JPS for injuries or property damage
to the extent that such injuries or property damage is caused by a defect in manufacture or labeling of the Products; and against
all claims by this parties against JPS in respect of any breach of any intellectual proprietary right by JPS in respect of the
Products.

 

21.Survival. In addition to JPS's
obligation to pay WindStream all amounts due hereunder, Sections 10, 11, l2 , 14, 18, 19 and 20 shall expressly survive termination
of the Agreement.

 

22.Assignment. Neither party may assign any of the
rights or obligations set forth in this Agreement without the prior written consent of the other, provided that WindStream shall
have the right to assign any portion of the Agreement to its subsidiaries and affiliated companies; provided that WindStream promptly
provides JPS with a notice of such assignment.

 

23.Notices. All notices and demands under this Agreement
shall be in writing and shall be served by personal service or by mail at the address of the receiving party first stated in this
Agreement (or such different address as may be designated by such party to the other in writing). All notices or demands by mail
shall be by telex, cable, telefacsimile, or by certified or registered airmail, return-receipt requested, and shall be deemed complete
upon receipt.

 

24.Integrated Agreement. This Agreement, together with
any applicable Sales Order, constitutes the entire understanding and agreement between WindStream and JPS and terminates and supersedes
all prior formal or informal understandings. In the event of a conflict between the provisions of this Agreement and the applicable
Sales Order, the provisions of this Agreement shall prevail, save and except where WindStream and JPS have expressly agreed in
writing otherwise.

 

25.Language. This Agreement has been written in the
English language. It may be translated, for convenience, into other languages. However, in case of error or disagreement, the executed
English language version shall prevail.

 

26.Counterpart. This Agreement may be executed in multiple
counterparts, each of which is an original, but all of which together constitute one and the same Agreement.

 

27.Severability. The parties hereby agree that each
provision herein shall be treated as a separate and independent clause, and the unenforceability of any one clause shall in no
way impair the enforceability of any of the other clauses of the Agreement. The parties hereby further agree that the language
of all parts of this Agreement shall in all cases be construed as a whole according to its fair meaning and not strictly for or
against either of the parties

 

28.Amendment.
This Agreement shall only be varied or amendment upon written agreement between the parties. The parties acknowledge and agree
that otherwise the parties expressly agree in writing to the contrary, the provisions of any Sales Order shall not be deemed to
vary or otherwise amend this Agreement in respect of any order of Products during the term of this Agreement.

 

[signature
page follows]

 

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

 

 

WINDSTREAM
TECHNOLOGIES, INC.

 

 

 

By:
______________________

Name:Daniel
Bates

Title:President

 

 

JAMAICA
PUBLIC SERVICE COMPANY LTD.:

 

 

By:____________________

Name:

Address:10.2 ETE - Amd No 3 Senior Secured TermLoan

EXECUTION VERSION

AMENDMENT NO. 3 TO SENIOR SECURED TERM LOAN AGREEMENT
THIS AMENDMENT NO. 3 TO SENIOR SECURED TERM LOAN AGREEMENT (this “Amendment”) dated as of August 16, 2013 is among Energy Transfer Equity, L.P., a Delaware limited partnership (the “Borrower”), the Restricted Persons party hereto, the several banks and other financial institutions signatories hereto (the “Lenders”), Credit Suisse AG, as Administrative Agent for the Lenders (the “Administrative Agent”).
RECITALS
A.    The Borrower, the Lenders and the Administrative Agent are parties to a Senior Secured Term Loan Agreement dated as of March 23, 2012 (as amended by that certain Amendment No. 1 to Senior Secured Term Loan Agreement dated August 2, 2012 and that certain Amendment No. 2 to Senior Secured Term Loan Agreement dated April 25, 2013 and as further amended, modified or supplemented prior to the date hereof, the “Existing Term Loan Agreement”).
B.      The Borrower has requested that the Existing Term Loan Agreement be amended in the manner set forth herein (the Existing Term Loan Agreement, as amended by this Amendment, the “Term Loan Agreement”), subject to the satisfaction of the conditions precedent to effectiveness referred to in Section 5 hereof.
C.    The Borrower has requested that the Majority Lenders waive any mandatory prepayments of the Loans as set forth herein, subject to the satisfaction of the conditions precedent to effectiveness referred to in Section 5 hereof.  
D.    NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set forth in this Amendment, the Borrower, the Restricted Persons party hereto, the Administrative Agent and the Majority Lenders agree as follows:
1.    Defined Terms.  
1.1.    Unless the context otherwise requires, the terms defined in the Existing Term Loan Agreement shall have the same meanings whenever used in this Amendment; provided that the following capitalized terms shall be defined as follows: 
“Class H Units” means the common units representing limited partnership interests in ETP designated as “Class H Units” of ETP pursuant to Amendment No. 5 to Second Amended and Restated Agreement of Limited Partnership of ETP dated as of the Amendment Effective Date (as defined below). 

019557-0110-14415305

        

“ETP Unit Exchange” means a transaction or series of transactions pursuant to which 50,160,000 common units in ETP held, directly or indirectly, by the Borrower are contributed to or redeemed by ETP in exchange for 50,160,000 Class H Units.
“Exchange Agreement” means that certain Exchange and Redemption Agreement dated as of August 7, 2013 among the Borrower and ETP.
2.    Amendments to Existing Term Loan Agreement as of the Amendment Effective Date.  The Existing Term Loan Agreement is amended, as of the Amendment Effective Date, as follows:
2.1.    Amendments to Section 1.01 (Defined Terms).    
(a)    The following definitions are added in the appropriate alphabetical order:
“Class H Units” means the common units representing limited partnership interests in ETP designated as “Class H Units” of ETP. 
“Reimbursed IDR” means any incentive distribution right relinquished in connection with either the Sunoco Transaction or the Holdco Transactions and either subsequently reinstated or with respect to which cash payments or priority distributions are made or scheduled to be made in order to reimburse the holder for all or a portion the amount of distributions previously relinquished. 
“Third Amendment Effective Date” means August 19, 2013.
(b)    The definition of “Value” is hereby amended by adding the following sentence at the end of such definition: 
“Notwithstanding anything herein to the contrary, Value derived from Class H Units shall be included herein and calculated in a manner consistent with clause (ii) above.”

2.2.    Amendment to Section 7.04(a).  Section 7.04(a) of the Existing Term Loan Agreement is hereby amended by deleting clause (iii) thereof in its entirety and replacing it with the following language:    
(iii) the sale, exchange or other disposition of Equity Interests by any such Person, provided that with respect to this clause (iii): (A) no Default or Event of Default 

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shall have occurred or be continuing or would result therefrom, (B) after giving effect to such sale, exchange or other disposition on a pro forma basis as if it had occurred on the first day of the test period most recently ended, the Borrower shall be in compliance with Section 7.12, (C) either (1) (x) the aggregate sale of limited partnership units of ETP from and after the Second Amendment Effective Date shall not exceed 25% of such units owned by the Borrower or of such  units owned by its Restricted Subsidiaries as of the closing of the Holdco Transactions and (y) the aggregate sale of limited partnership units of Regency from and after the Second Amendment Effective Date shall not exceed 25% of such units owned by the Borrower or of such units owned by its Restricted Subsidiaries as of the Second Amendment Effective Date or (2) solely with respect to a sale, exchange or other disposition of common limited partnership units of ETP or Regency, at or prior to the consummation of any such sale, exchange or other disposition, (x) the Borrower shall have received a fairness opinion from an independent investment bank that such sale, exchange or other disposition and all related transactions, taken as a whole, are fair from a financial point of view and (y) each Rating Agency shall have confirmed that, immediately after giving effect to such sale, exchange or other disposition, the Borrower’s corporate rating (in the case of S&P) and the Borrower’s corporate family rating (in the case of Moody’s) will be equal to or higher than such rating immediately prior to giving effect to such sale, exchange or other disposition or shall not have downgraded either the Borrower’s corporate rating (in the case of S&P) or the Borrower’s corporate family rating (in the case of Moody’s) as a result of such sale, exchange or other disposition within 60 days of the announcement thereof, and (D) the Net Asset Sale Proceeds thereof in excess of $25,000,000 shall be applied to prepay the Loans (as contemplated by Section 2.05(b));

2.3.    Amendment to Section 7.04(d).  
(a)    The first sentence of Section 7.04(d) of the Existing Term Loan Agreement is hereby amended by deleting “and (iv)” at the end of clause (iii) and replacing it with the following language:    
, (iv) from time to time after the Third Amendment Effective Date, any such Person may relinquish any Reimbursed IDRs provided that such Restricted Person provides forecasts reasonably satisfactory in form and substance to the Administrative Agent that such relinquishment will, for the period of eight fiscal quarters beginning with the fiscal quarter in which such relinquishment occurs, after giving pro forma effect to such relinquishment and the cash distributions anticipated from the consideration received as an inducement for such Person to relinquish such Reimbursed IDR, not reduce the aggregate amount of cash distributions received by such Restricted Person during such period, and (v)

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(b)    The second sentence of Section 7.04(d) of the Existing Term Loan Agreement is hereby amended by replacing “clause (iv)” with the language “clause (v)”.
3.    Consent With Respect to ETP Unit Exchange.   Notwithstanding any term, provision or condition of the Loan Documents to the contrary, each of the Administrative Agent and the undersigned Majority Lenders hereby consents to and waives any provisions of the Loan Documents prohibiting the consummation of the ETP Unit Exchange.   The Lenders hereby authorize the Collateral Agent to release any Liens on the common units in ETP subject of the ETP Unit Exchange.  

4.    Waiver of Mandatory Prepayments.   The undersigned Majority Lenders hereby waive any mandatory prepayment (and all other requirements of Section 2.05(b)) with respect to Net Asset Sale Proceeds resulting from the ETP Unit Exchange.
5.      Amendment Effectiveness.  The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent:
(a)    the Administrative Agent shall have received:
(i)    an original counterpart of this Amendment, duly executed by the Borrower, the Administrative Agent, each Restricted Person and the Majority Lenders; 
(ii)    a certificate signed by a Responsible Officer of the Borrower certifying that the representations and warranties of the Borrower set forth in Section 7 of this Amendment shall be true and correct; and 
(iii)    payment, for the account of each Lender that has returned an executed signature page to this Amendment to the Administrative Agent at or prior to 5:00 p.m., New York City time on August 16, 2013 (the “Consent Deadline”) consenting to the amendments set forth in Section 2 of this Amendment and the consent and waiver set forth in Section 3 and Section 4 of this Amendment, respectively, an amendment fee (the “Amendment Fee”) in an amount equal to 0.05% of the aggregate principal amount of the Term Loans of such Lender outstanding as of the Consent Deadline (it being understood that the Borrower shall have no liability to pay the Amendment Fee if the Amendment Effective Date does not occur);
 (b)    the Borrower shall have paid all fees, charges and disbursements of counsel to the Administrative Agent to the extent invoiced at least one (1) day prior to the Amendment Effective Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the Amendment Effective Date (provided that such estimate 

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shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent);
(c)    the Borrower shall be contemporaneously consummating the transactions contemplated by the Exchange Agreement; and
(d)    the Borrower shall, contemporaneously with the consummation of the transactions contemplated by the Exchange Agreement, have pledged the Class H Units as Collateral in accordance with the Loan Documents.
The date on which such conditions have been satisfied (or waived) is referred to herein as the “Amendment Effective Date”.
6.    Majority Lenders Direction to Administrative Agent.  The Majority Lenders hereby direct the Administrative Agent to execute this Amendment.
7.    Representations and Warranties.  The Borrower hereby represents and warrants to the Administrative Agent and each of the Lenders as follows:
(a)    This Amendment has been duly authorized by all necessary limited partnership action and constitutes the binding obligation of the Borrower.
(b)    Each Restricted Person has duly taken all action necessary to authorize the execution and delivery by it of this Amendment and to authorize the consummation of the transactions contemplated hereby and the performance of its obligations hereunder.
(c)    The execution and delivery by the various Restricted Persons of this Amendment, the performance by each of its obligations hereunder, and the consummation of the transactions contemplated hereby, do not and will not (i) conflict with any provision of (A) any Law, (B) the organizational documents of the Borrower, any of its Subsidiaries or the General Partner, (C) any agreement governing material Indebtedness for borrowed money of the Restricted Persons or (D) any other material agreement, judgment, license, order or permit applicable to or binding upon the Borrower, any of its Restricted Subsidiaries or the General Partner, (ii) result in the acceleration of any material Indebtedness owed by the Borrower, any of its Restricted Subsidiaries or the General Partner, or (iii) result in or require the creation of any Lien upon any assets or properties of the Borrower, any of its Restricted Subsidiaries or the General Partner.  No permit, consent, approval, authorization or order of, and no notice to or filing, registration or qualification with, any Tribunal or third party is required in connection with the execution, delivery or performance by any Restricted Person of this Amendment or to consummate any transactions contemplated hereby. 
(d)     After giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.

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(e)    Since December 31, 2012, no event or circumstance has occurred that has had, or could reasonably be expected to have, a Material Adverse Effect.
8.    Confirmation of Loan Documents.    By its execution on the respective signature lines provided below, as of the Amendment Effective Date, each of the Restricted Persons hereby confirms and ratifies all of its obligations and the Liens granted by it under the Loan Documents (in each case, as amended hereby as of such date) to which it is a party, represents and warrants that the representations and warranties set forth in such Loan Documents are complete and correct in all material respects on the date hereof as if made on and as of such date, except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be complete and correct in all material respects as of such specified earlier date and confirms that all references in such Loan Documents to the “Credit Agreement” (or words of similar import) refer to the Term Loan Agreement as amended hereby as of such date without impairing any such obligations or Liens in any respect.
9.    Effect of Amendment.      On and after the Amendment Effective Date, each reference to the Existing Term Loan Agreement in any Loan Document shall be deemed to be a reference to the Existing Term Loan Agreement, as amended by this Amendment. On and after the Amendment Effective Date, this Amendment shall constitute a “Loan Document” for all purposes of the Term Loan Agreement and the other Loan Documents. On and after the Amendment Effective Date, the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof”, and words of similar import, as used in the Term Loan Agreement, shall, unless the context otherwise requires, mean the Term Loan Agreement.

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10.    Confidentiality.  The parties hereto agree that all information received from the Borrower or any Subsidiary in connection with this Amendment shall be deemed to constitute Information, for purposes of Section 10.07 of the Term Loan Agreement, regardless of whether such information was clearly identified at the time of delivery as confidential.
11.    Counterparts.  This Amendment may be executed by all parties hereto in any number of separate counterparts each of which may be delivered in original, facsimile or other electronic (e.g., “.pdf”) form and all of such counterparts taken together constitute one instrument.
12.    References.  The words “hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbelow,” “hereof,” “hereunder” and words of similar import when used in this Amendment refer to this Amendment as a whole and not to any particular article, section or provision of this Amendment.  
13.    Headings Descriptive.  The headings of the several sections of this Amendment are inserted for convenience only and do not in any way affect the meaning or construction of any provision of this Amendment.
14.    Governing Law.  This Amendment is governed by and will be construed in accordance with the law of the State of New York.
15.    Final Agreement of the Parties.  THIS AMENDMENT, THE TERM LOAN AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

[Signatures on following pages.]

7

 

IN WITNESS WHEREOF, the parties hereto have caused this instrument to be made, executed and delivered by their duly authorized officers as of the day and year first above written.
ENERGY TRANSFER EQUITY, L.P., 
By: LE GP, LLC, its general partner
By:  /s/ John W. McReynolds    
John W. McReynolds
President and Chief Financial Officer
ETE GP ACQUIRER LLC,
By: Energy Transfer Equity, L.P., its sole member
By: LE GP, LLC, its general partner
ETE SERVICES COMPANY, LLC,
By: Energy Transfer Equity, L.P., its sole member
By: LE GP, LLC, its general partner
By:    /s/ John W. McReynolds                                          
      John W. McReynolds
      President and Chief Financial Officer
ENERGY TRANSFER PARTNERS, L.L.C. 

By:    /s/ Martin Salinas, Jr.                                                
Martin Salinas, Jr. 
Chief Financial Officer

Signature Page to
Amendment No. 3 to Senior Secured Term Loan Agreement

        

REGENCY GP LP
By: Regency GP LLC, its general partner
REGENCY EMPLOYEES MANAGEMENT HOLDINGS LLC
By: Regency GP LP, its sole member
By: Regency GP LLC, its general partner
REGENCY EMPLOYEES MANAGEMENT LLC
By: Regency GP LLC 
AND 
By: Regency Employee Management Holdings, LLC, its members
By: Regency GP LP, its sole member
By: Regency GP LLC, its general partner

By: /s/ Michael J. Bradley                              
      Michael J. Bradley
      President and Chief Executive Officer

Signature Page to
Amendment No. 3 to Senior Secured Term Loan Agreement

 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent
By:  /s/ Vipul Dhadda                              
Name: Vipul Dhadda
Title: Authorized Signatory 
By:  /s/ Michael Spaight                           
Name: Michael Spaight
Title: Authorized Signatory

Signature Page to
Amendment No. 3 to Senior Secured Term Loan Agreement

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