Document:

EX-4.2

UGI UTILITIES, INC.

___________________________________

SUPPLEMENTAL INDENTURE

Dated as of September 15, 2006

To

INDENTURE

Dated as of August 1, 1993

5.753% Series A Senior Notes Due 2016

6.206% Series A Senior Notes Due 2036

_____________________________________

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

1

SUPPLEMENTAL INDENTURE

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated September 15, 2006, by and
between UGI Utilities, Inc., a Pennsylvania corporation (the “Issuer”), and U.S. Bank National
Association, successor trustee to Wachovia Bank, National Association, formerly First Union
National Bank, and prior to that First Fidelity Bank, N.A. Pennsylvania, as trustee (the
“Trustee”).

W I T N E S S E T H:

WHEREAS, the Issuer and the Trustee are parties to an Indenture dated as of August 1, 1993
(the “Indenture”), which, pursuant to Section 2.3 of the Indenture, provides for the issuance of an
unlimited amount of Securities in one or more series;

WHEREAS, the Issuer wishes to issue senior notes designated as 5.753% Series A Senior Notes
due 2016 in the aggregate principal amount of $175,000,000 (the “New 2016 Notes”) and 6.206% Series
A Senior Notes due 2036 in the aggregate principal amount of $100,000,000 (the “New 2036 Notes,”
together with the New 2016 Notes, the “New Notes”);

WHEREAS, pursuant to Section 7.1 of the Indenture, the Issuer and the Trustee are authorized
to execute and deliver this Supplemental Indenture without the consent of any holder of Securities
issued under the Indenture;

WHEREAS, the Issuer, by action duly taken, has authorized the execution of this Supplemental
Indenture and the issuance of the New Notes;

WHEREAS, all actions necessary to make the New Notes (when executed by the Issuer and
completed, authenticated, and delivered by the Trustee as required by the Indenture) the valid and
binding obligations of the Issuer and to constitute these presents a valid and binding Supplemental
Indenture according to its terms have been duly taken; and

WHEREAS, in accordance with Section 2.4 of the Indenture, there has been delivered to the
Trustee on the date hereof an Issuer Order, Officers’ Certificate, Board Resolutions, and an
Opinion of Counsel certifying that this Supplemental Indenture complies with applicable provisions
of the Indenture.

NOW THEREFORE, in consideration of the foregoing and the mutual premises and covenants
contained herein and for other good and valuable consideration, the parties hereto agree as
follows:

	1)	 	DEFINITIONS. Capitalized terms used but not defined in this Supplemental Indenture shall
have the specified meanings set forth in the Indenture.

	2)	 	AMENDMENT OF INDENTURE. Section 9.4 of the Indenture shall be amended by adding the
following language after the word “cease”:

“; provided, however, that with respect to money deposited with or paid to
the Trustee or any paying agent for the payment of the principal of or interest on the
5.753% Series A Senior Notes due 2016 and the 6.206% Series A Senior Notes due 2036, the
three-year period referenced above shall not apply and a one-year period instead shall
apply”

	3)	 	ISSUE OF NEW NOTES. The New Notes shall be executed, authenticated and delivered in
accordance with the provisions of and, except as provided under Clause 2 hereof, shall in all
respects be subject to the terms, conditions, and covenants of the Indenture. The aggregate
principal amount of the New Notes created hereby, which may be authenticated and delivered
under this Supplemental Indenture, shall be limited to $275,000,000; however, an unlimited
amount of additional Securities may be issued as provided in Section 2.3 of the Indenture.

	4)	 	FORM OF NEW NOTES; INCORPORATION OF TERMS. The New 2016 Notes and the Trustee’s certificate
of authentication thereto shall be substantially in the form provided in Exhibit A to this
Supplemental Indenture, the terms of which are hereby incorporated in and made a part of this
Supplemental Indenture. The New 2036 Notes and the Trustee’s certificate of authentication
thereto shall be substantially in the form provided in Exhibit B to this Supplemental
Indenture, the terms of which are hereby incorporated in and made a part of this Supplemental
Indenture.

	5)	 	RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE. Except as expressly
amended hereby, the Indenture is in all respects ratified and confirmed and all the terms,
conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every holder of Securities
(whether heretofore or hereafter authenticated and delivered) shall be bound hereby.

	6)	 	GOVERNING LAW. This Supplemental Indenture shall be governed by, and construed in accordance
with, the laws of the state of New York but without giving effect to applicable principles of
conflicts of law to the extent that the application of the laws of another jurisdiction would
be required thereby.

	7)	 	CONFLICT WITH TIA. If any provision hereof limits, qualifies or conflicts with another
provision hereof that is required to be included in this Supplemental Indenture by any
provision of the Trust Indenture Act of 1939, as amended, such required provision shall
control.

	8)	 	TRUSTEE MAKES NO REPRESENTATION. The Trustee makes no representation as to the validity or
sufficiency of this Supplemental Indenture.

	9)	 	COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement.

	10)	 	EFFECT OF HEADINGS. The section headings herein are for convenience only and shall not
effect the construction thereof.

	11)	 	SUCCESSORS AND ASSIGNS. All covenants and agreements in this Supplemental Indenture by the
Company shall bind its successors and assigns, whether so expressed or not.

	12)	 	SEPARABILITY CLAUSE. In case any provision in this Supplemental Indenture or in the New
Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.

[Signature page follows]

2

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the date first written above.

COMPANY:

UGI UTILITIES, INC.

By:

Name: Margaret M. Calabrese

Title: Secretary

TRUSTEE:

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

	 	 	 	 	 
	By:
	 	 	—	 
	   Name:  Constantine Hromych

	   Title:  Authorized Agent

3EX-10.1

UGI Utilities, Inc.

5.753% Senior Notes due 2016 and 6.206% Senior Notes due 2036

Purchase Agreement

New York, New York

September 12, 2006

	 	 	CREDIT SUISSE SECURITIES (USA) LLC

	 	 	WACHOVIA CAPITAL MARKETS, LLC

As Representatives of the

Several Initial Purchasers named in Schedule I hereto

	 	 	c/o Credit Suisse Securities (USA) LLC

	 	 	Eleven Madison Avenue

	 	 	New York, NY 10010-3629

Ladies and Gentlemen:

UGI Utilities, Inc., a Pennsylvania corporation (the “Issuer”), proposes to sell to the
several initial purchasers named in Schedule I hereto (the “Initial Purchasers”), for whom you
(each, a “Representative,” and collectively, the “Representatives”) are acting as representative,
$175,000,000 aggregate principal amount of its 5.753% Senior Notes due 2016 (the “2016 Notes”) and
$100,000,000 aggregate principal amount of its 6.206% Senior Notes due 2036 (the “2036 Notes,”
together with the 2016 Notes, the “Securities”), to be issued under an indenture, dated as of
August 1, 1993 (the “Base Indenture”), between the Issuer and U.S. Bank National Association,
successor trustee to Wachovia Bank, National Association (formerly First Union Bank, and, prior to
that, First Fidelity Bank, National Association), as trustee (the “Trustee”), as supplemented by a
First Supplemental Indenture dated as of September 15, 2006 for the 2016 Notes and the 2036 Notes
(the “Supplemental Indenture,” together with the Base Indenture, the “Indenture”), on a private
placement basis pursuant to an exemption under Section 4(2) of the United States Securities Act of
1933, as amended (the “Securities Act”).

The holders of the Securities will be entitled to the benefits of a Registration Rights
Agreement dated as of September 15, 2006 among the Issuer and the Initial Purchasers (the
“Registration Rights Agreement”), pursuant to which the Issuer agrees to file a registration
statement with the United States Securities and Exchange Commission (the “Commission”) registering
the exchange of the Securities under the Securities Act.

Any reference herein to any Preliminary Offering Circular or the Final Offering Circular (each
as defined below) shall be deemed to refer to and include the documents incorporated by reference
therein which were filed under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), on or before the Applicable Time or the issue date of any Preliminary Offering Circular or
the Final Offering Circular, as the case may be; and any reference herein to the terms “amend,”
“amendment” or “supplement” with respect to any Preliminary Offering Circular or the Final Offering
Circular shall be deemed to refer to and include the filing of any document under the Exchange Act
after the Applicable Time or the issue date of any Preliminary Offering Circular or the Final
Offering Circular, as the case may be, which will be deemed to be incorporated therein by
reference. Certain terms used herein are defined in Section 20 hereof.

1. Representations and Warranties. The Issuer represents and warrants to, and agrees
with, each Initial Purchaser as set forth below in this Section 1.

(a) A preliminary offering circular dated September 11, 2006 (the “Preliminary Offering
Circular”) relating to the Securities to be offered by the Initial Purchasers and a final
offering circular (the “Final Offering Circular”) disclosing the offering price and other
final terms of the Securities and dated as of the date of this Agreement (even if finalized
and issued subsequent to the date of this Agreement) have been or will be prepared by the
Issuer. As of the date of this Agreement and on the Closing Date, as defined in Section 3
hereof, the Final Offering Circular does not and will not include any untrue statement of a
material fact or omit to state any material fact required to be stated therein or necessary
in order to make the statements therein, in the light of the circumstances under which they
were made, not misleading. The preceding sentence does not apply to statements in or
omissions from the Preliminary or Final Offering Circular based upon written information
furnished to the Issuer by any Initial Purchaser through the Representatives specifically
for use therein, it being understood and agreed that the only such information furnished by
or on behalf of any Initial Purchaser consists of the information described as such in
Section 9(b) hereof.

(b) Except as disclosed in the General Disclosure Package, as of the Applicable Time,
the Issuer’s Annual Report on Form 10-K most recently filed with the Commission and all
subsequent reports which have been filed by the Issuer with the Commission or sent to
shareholders pursuant to the Exchange Act (collectively, the “Exchange Act Reports”) did
not, at their time of filing, include any untrue statement of a material fact or omit to
state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading. Such documents, when they were
filed with the Commission, conformed in all material respects to the requirements of the
Exchange Act and the rules and regulations of the Commission thereunder.

(c) As of the Applicable Time, (i) the General Disclosure Package, and (ii) any
individual Supplemental Marketing Material (as hereinafter defined), when considered
together with the General Disclosure Package, does not contain any untrue statement of a
material fact or omit to state any material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading. The
preceding sentence does not apply to statements in or omissions from the General Disclosure
Package or any Supplemental Marketing Material based upon and in conformity with written
information furnished to the Issuer by any Initial Purchaser through the Representatives
specifically for use therein, it being understood and agreed that the only such information
furnished by or on behalf of any Initial Purchaser consists of the information described as
such in Section 9(b) hereof.

(d) The Issuer has been duly incorporated and is a presently subsisting corporation
under the laws of the Commonwealth of Pennsylvania, with corporate power and authority to
own its properties and conduct its business as described in the General Disclosure Package;
and the Issuer is qualified to do business as a foreign corporation in good standing in such
other jurisdictions where the nature of its properties or conduct of its business requires
such qualification,, other than where the failure to be so qualified would not, individually
or in the aggregate have a material adverse effect on the condition (financial or other),
business, properties or results of operations of the Issuer and its subsidiaries taken as a
whole (“Material Adverse Effect”).

(e) UGI Penn Natural Gas, Inc. (“Penn Natural”) has been duly incorporated and is a
presently subsisting corporation under the laws of the Commonwealth of Pennsylvania, with
corporate power and authority to own its properties and conduct its business as described in
the General Disclosure Package; and Penn Natural is duly qualified to do business as a
foreign corporation in good standing in such other jurisdictions where the nature of its
properties or conduct of its business requires such qualification, other than where the
failure to be so qualified would not, individually or in the aggregate have a Material
Adverse Effect; all of the issued and outstanding capital stock of Penn Natural has been
duly authorized and validly issued and is fully paid and nonassessable; and the capital
stock of Penn Natural owned by the Issuer, directly or through subsidiaries, is owned free
from liens, encumbrances and defects.

(f) As of the Closing Date, except for Penn Natural, the Issuer does not have any
subsidiary that is a “significant subsidiary” within the meaning of Rule 1-02 of Regulation
S-X.

(g) Each of the Issuer and Penn Natural is not in violation of the provisions of its
articles of incorporation or by-laws. Neither the Issuer nor any of its material
subsidiaries is in breach, default or violation in the performance or observance of any
obligation, agreement, covenant or condition contained in any bond, debenture, note or any
other evidence of indebtedness or in any material contract, indenture, mortgage, deed of
trust, loan or credit agreement, lease or other agreement or instrument to which the Issuer
or any of its material subsidiaries is a party or by which it or any of them may be bound or
to which any of the material properties or assets of the Issuer or any of its material
subsidiaries is subject, except such breach, default or violation as would not, individually
or in the aggregate, have a Material Adverse Effect. The execution, delivery and
performance of the Indenture, this Agreement and the Registration Rights Agreement do not,
and the completion, execution and issuance of each particular Security in accordance with
the Indenture, the sale by the Issuer of such Security in accordance with this Agreement,
the issuance of the Exchange Securities (as defined in the Registration Rights Agreement) in
accordance with the Registration Rights Agreement and compliance with the terms and
provisions thereof will not, result in a breach or violation of any of the terms and
provisions of, or constitute a default under, (i) any statute or any rule, regulation or
order of any governmental agency or body or any court, domestic or foreign, having
jurisdiction over the Issuer, (ii) any material agreement or instrument to which the Issuer
or any material subsidiary of the Issuer is a party or by which the Issuer or any such
subsidiary is bound or to which any of the material properties of the Issuer or any such
subsidiary is subject, except such breach or violation as would not, individually or in the
aggregate, have a Material Adverse Effect, or (iii) the charter or by-laws of the Issuer,
and the Issuer has full power and authority to authorize, issue and sell the Securities as
contemplated by this Agreement.

(h) Except for the registration of the securities certificate relating to the
Securities by the Pennsylvania Public Utility Commission (the “PUC”), which registration has
been obtained by order of the PUC dated August 17, 2006 (the “PUC Order”), no consent,
approval, authorization, or order of, or filing with, any governmental agency or body or any
court is required for the consummation of the transactions contemplated by this Agreement
and the Registration Rights Agreement in connection with the issuance and sale of the
Securities or the Exchange Securities by the Issuer, except for the filing of the Exchange
Offer Registration Statement or the Shelf Registration Statement (each as defined in the
Registration Rights Agreement), qualification of the Trustee, and order of the Commission
declaring the Exchange Offer Registration Statement or the Shelf Registration Statement
effective, and except for such as will be obtained and made under the Securities Act and the
Trust Indenture Act and such as may be required under state securities laws, which, if not
obtained or made, would not, individually or in the aggregate, have a Material Adverse
Effect.

(i) Except as disclosed in the General Disclosure Package, since the date of the latest
audited financial statements included or incorporated by reference in the General Disclosure
Package, there has been no material adverse change, nor any development or event involving a
prospective material adverse change, in the financial condition, business, properties,
results of operations or prospects of the Issuer and its subsidiaries taken as a whole, and,
except as disclosed in the General Disclosure Package, there has been no dividend or
distribution of any kind declared, paid or made by the Issuer on any class of its capital
stock, except for a dividend of $10,161,000 on the outstanding shares of the Issuer’s common
stock declared and paid on July 28, 2006.

(j) PricewaterhouseCoopers LLP, who have audited certain of the Issuer’s financial
statements, is an independent registered public accounting firm as required by the
Securities Act and the rules and regulations promulgated thereunder and registered with the
Public Company Accounting Oversight Board.

(k) PricewaterhouseCoopers LLP, who have audited certain of the financial information
of the PG Energy Business of Southern Union Company (the “PG Energy Business”), is an
independent registered public accounting firm as required by the Securities Act and the
rules and regulations promulgated thereunder and registered with the Public Company
Accounting Oversight Board.

(l) (i) The financial statements of the Issuer incorporated by reference in the General
Disclosure Package present fairly, in all material respects, the financial position of the
Issuer and its consolidated subsidiaries as of the dates shown and its results of operations
and cash flows for the periods shown, and, except as otherwise disclosed in the General
Disclosure Package, such financial statements have been prepared in conformity with
generally accepted accounting principles in the United States consistently applied
throughout the periods involved except as may be stated in the notes thereto; the
information set forth in the Offering Circular under the caption “Summary Financial Data”
presents fairly, in all material respects, on the basis stated in the Offering Circular, the
information included therein; the assumptions used in preparing the pro forma financial
statements incorporated by reference in the General Disclosure Package provide a reasonable
basis for presenting the significant effects directly attributable to the transactions or
events described therein, the related pro forma adjustments give appropriate effect to those
assumptions, the pro forma columns therein reflect the proper application of those
adjustments to the corresponding historical financial statement amounts, and the pro forma
financial statements incorporated by reference in the General Disclosure Package comply as
to form in all material respects with the applicable accounting requirements of Regulation
S-X under the Securities Act.

(ii) The combined statement of assets to be acquired and liabilities to be assumed of
the PG Energy Business as of the dates shown and the combined statements of revenue and
certain expenses for the specified periods, which are incorporated by reference in the
General Disclosure Package, present fairly, in all material respects, the assets to be
acquired and liabilities to be assumed of the PG Energy Business as of such dates and the
related revenues and certain expenses for the specified periods, and such statements have
been prepared in conformity with generally accepted accounting principles in the United
States.

(m) The Issuer maintains a system of internal accounting controls sufficient to provide
reasonable assurance that (i) transactions are executed in accordance with management’s
general or specific authorization; (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with generally accepted accounting
principles in the United States and to maintain accountability for assets; (iii) access to
assets is permitted only in accordance with management’s general or specific authorization;
and (iv) the recorded accountability for assets is compared with the existing assets at
reasonable intervals and appropriate action is taken with respect to any differences.

(n) The Issuer has established and maintains disclosure controls and procedures (as
such term is defined in Rule 13a-15(e) and 15(d)-15(e) under the Exchange Act), which (i)
are designed to ensure that material information required to be disclosed by the Issuer in
the reports it files or submits under the Exchange Act is recorded, processed, summarized
and reported within the time periods specified in the Commission’s rules and forms; and (ii)
include, without limitation, controls and procedures designed to ensure that information
required to be disclosed in the reports it files or submits under the Exchange Act is
accumulated and communicated to the Issuer’s management, including its principal executive
officer and principal financial officer, as appropriate to allow timely decisions regarding
required disclosure.

(o) This Agreement has been duly authorized, executed and delivered by the Issuer.

(p) The Registration Rights Agreement has been duly authorized, executed and delivered
by the Issuer and, assuming due authorization, execution and delivery thereof by the Initial
Purchasers, constitutes a valid and binding obligation of the Issuer enforceable in
accordance with its terms, except as such enforceability may be limited by bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors’ rights and to general equity principles.

(q) The Indenture has been duly authorized, executed and delivered by the Issuer and
duly qualified under the Trust Indenture Act and constitutes a valid and binding obligation
of the Issuer enforceable in accordance with its terms, except as such enforceability may be
limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and
similar laws of general applicability relating to or affecting creditors’ rights and to
general equity principles.

(r) The Securities have been duly authorized and, when the Securities will have been
duly executed by the Issuer in accordance with the terms of the Indenture, assuming due
authentication of the Securities by the Trustee, upon delivery against payment for the
Securities pursuant to this Agreement, will be validly issued and delivered, will be
consistent with the information in the General Disclosure Package and will conform to the
description thereof contained in the Final Offering Circular and will constitute valid and
binding obligations of the Issuer enforceable in accordance with their terms, except as such
enforceability may be limited by bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability relating to or
affecting creditors’ rights and to general equity principles.

(s) The Exchange Securities (as defined in the Registration Rights Agreement) have
been, or as of the Registered Exchange Offer (as defined in the Registration Rights
Agreement) will have been, duly authorized and, when duly executed by the Issuer in
accordance with the terms of the Indenture, assuming due authentication of the Exchange
Securities by the Trustee, upon exchange for the Initial Securities (as defined in the
Registration Rights Agreement), will be validly issued and delivered and will constitute
valid and binding obligations of the Issuer enforceable in accordance with their terms,
except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability relating to or
affecting creditors’ rights and to general equity principles; and the Exchange Securities
shall conform to the description thereof contained in the Registration Statement (as defined
in the Registration Rights Agreement).

(t) At or before the Closing Date, the Issuer shall issue $275.0 million of the
Securities pursuant to the terms stated in the General Disclosure Package and the Final
Offering Circular, and shall use such proceeds as set forth in the General Disclosure
Package and the Final Offering Circular.

(u) Except as disclosed in the General Disclosure Package, the Issuer possesses
adequate certificates, authorities or permits issued by appropriate governmental agencies or
bodies necessary to conduct the business now operated by it and has not received any notice
of proceedings relating to the revocation or modification of any such certificate, authority
or permit that would reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect.

(v) Except as disclosed in the General Disclosure Package, there are no pending
actions, suits or proceedings against or affecting the Issuer or any of its material
properties that would reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect, or would materially and adversely affect the ability of the Issuer
to perform its obligations under the Indenture, this Agreement or the Registration Rights
Agreement; and no such actions, suits or proceedings are, to the Issuer’s knowledge,
threatened.

(w) Except as disclosed in the General Disclosure Package, the Issuer and its
subsidiaries have good and marketable title to all real properties and all other properties
and assets owned by them, except where the failure to have such title would not,
individually or in the aggregate, have a Material Adverse Effect, in each case free from
liens, encumbrances and defects except those described in the General Disclosure Package or
which are not material in amount; and except as disclosed in the General Disclosure Package,
the Issuer and its material subsidiaries occupy or hold any leased real or personal property
under valid and enforceable leases with no exceptions that would materially interfere with
the conduct of the business of the Issuer.

(x) Except as disclosed in the General Disclosure Package, no labor dispute with the
employees of the Issuer or any subsidiary exists or, to the knowledge of the Issuer, is
imminent that would reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect.

(y) Except as disclosed in the General Disclosure Package, neither the Issuer nor any
of its subsidiaries is: in violation of any statute or any rule, regulation, decision or
order of any governmental agency or body or any court, domestic or foreign, relating to the
use, disposal or release of hazardous or toxic substances or relating to the protection or
restoration of the environment or human exposure to hazardous or toxic substances
(collectively, “environmental laws”); owns or operates any real property contaminated with
any substance that is subject to any environmental laws; is liable for any off-site disposal
or contamination pursuant to any environmental laws; or is subject to any claim relating to
any environmental laws, which violation, contamination, liability or claim would have,
individually or in the aggregate, a Material Adverse Effect; and, except as disclosed in the
General Disclosure Package, the Issuer is not aware of any pending investigation which might
lead to such a claim.

(z) The Issuer and its subsidiaries and any “employee benefit plan” (as defined under
the Employee Retirement Income Security Act of 1974, as amended, and the regulations and
published interpretations thereunder (collectively, “ERISA”)) established or maintained by
the Issuer, its subsidiaries or their “ERISA Affiliates” (as defined below) are in
compliance in all material respects with ERISA. “ERISA Affiliate” means, with respect to
the Issuer or a subsidiary, any member of any group of organizations described in Sections
414, or of the Internal Revenue Code of 1986, as amended, and the regulations and published
interpretations thereunder (the “Code”) of which the Issuer or such subsidiary is a member.
No “reportable event” (as defined under ERISA) that would, individually or in the aggregate,
have a Material Adverse Effect has occurred or is reasonably expected to occur with respect
to any “employee benefit plan” established or maintained by the Issuer, its subsidiaries or
any of their ERISA Affiliates. No “employee benefit plan” established or maintained by the
Issuer, its subsidiaries or any of their ERISA Affiliates, if such “employee benefit plan”
were terminated, would have any “amount of unfunded benefit liabilities” (as defined under
ERISA) that would, individually or in the aggregate, have a Material Adverse Effect.
Neither the Issuer, its subsidiaries nor any of their ERISA Affiliates has incurred or
reasonably expects to incur any liability under Title IV of ERISA with respect to
termination of, or withdrawal from, any “employee benefit plan” or Sections 412, 4971, 4975
or 4980B of the Code. Each “employee benefit plan” established or maintained by the Issuer,
its subsidiaries or any of their ERISA Affiliates that is intended to be qualified under
Section 401 of the Code is so qualified and nothing has occurred, whether by action or
failure to act, which would cause the loss of such qualification.

(aa) The Issuer is not an open-end investment company, unit investment trust or
face-amount certificate company that is or is required to be registered under Section 8 of
the United States Investment Company Act of 1940 (the “Investment Company Act”); and the
Issuer is not and, after giving effect to the offering and sale of the Securities and the
application of the proceeds thereof as described in the General Disclosure Package, will not
be an “investment company” as defined in the Investment Company Act.

(bb) The PUC Order approving the issuance of the Securities has been duly issued and
remains in full force and effect without amendment or modification and is not the subject of
any appeal or other proceeding.

(cc) The order of the PUC approving of the acquisition of the PG Energy Business by the
Issuer (the “Acquisition”) dated August 18, 2006 (the “Acquisition Order”) has been duly
issued and remains in full force and effect without amendment or modification and, to the
Issuer’s knowledge and except as disclosed in the General Disclosure Package, is not the
subject of any appeal or other proceeding that would have a Material Adverse Effect or a
material adverse effect on the timely consummation of the Acquisition.

(dd) The Issuer will comply with all applicable securities and other laws, rules and
regulations, including, without limitation, the Sarbanes-Oxley Act of 2002, except to the
extent that any non-compliance will not have a material adverse affect on the Issuer and its
subsidiaries when taken as a whole.

(ee) Except as disclosed in the General Disclosure Package, there are no contracts,
agreements or understandings between the Issuer or its subsidiaries and any person granting
such person the right to include securities of the Issuer with the Exchange Securities to be
registered in a registration statement pursuant to the Registration Rights Agreement.

(ff) The Issuer is subject to the reporting requirements of either Section 13 or
Section 15(d) of the Exchange Act and files reports with the Commission on the Electronic
Data Gathering, Analysis, and Retrieval (EDGAR) system.

(gg) No securities of the same class (within the meaning of Rule 144A(d)(3) under the
Securities Act) as the Securities are listed on any national securities exchange that is
registered under Section 6 of the Exchange Act or quoted in a U.S. automated inter-dealer
quotation system.

(hh) No registration under the Securities Act of the Securities is required for the
sale of the Securities to the Initial Purchasers as contemplated hereby or for the offer of
the Securities (the “Exempt Resales”) assuming (i) that the purchasers who buy the
Securities in the Exempt Resales are “qualified institutional buyers” (“QIBs”), as defined
in Rule 144A of the Securities Act (“Rule 144A”), and (ii) the accuracy of the Initial
Purchasers’ representations regarding the absence of a general solicitation in connection
with the sale of the Securities to the Initial Purchasers and the Exempt Resales contained
herein.

(ii) Neither the Issuer, nor any of its affiliates, nor any person acting on its or
their behalf (i) has, within the six-month period prior to the date hereof, offered or sold
in the United States or to any U.S. person (as such terms are defined in Regulation S under
the Securities Act) the Securities or any security of the same class or series as the
Securities or (ii) has offered or will offer or sell the Securities in the United States by
means of any form of general solicitation or general advertising within the meaning of Rule
502(c) under the Securities Act. The Issuer has not entered and will not enter into any
contractual arrangement with respect to the distribution of the Securities except for this
Agreement.

The Issuer acknowledges that the Initial Purchasers and, for purposes of the opinions to be
delivered to the Initial Purchasers pursuant to Section 6 hereof, counsel to the Issuer and counsel
to the Initial Purchasers will rely upon the accuracy and truth of the foregoing representations
and hereby consent to such reliance.

2. Purchase and Sale. Subject to the terms and conditions and in reliance upon the
representations and warranties herein set forth, the Issuer agrees to sell to each Initial
Purchaser, and each Initial Purchaser agrees, severally and not jointly, to purchase from the
Issuer, at the purchase prices of 99.350% of the principal amount of the 2016 Notes and 99.125% of
the principal amount of the 2036 Notes, the respective principal amounts of the 2016 Notes and the
2036 Notes set forth opposite such Initial Purchaser’s name in Schedule I hereto.

3. Delivery and Payment. Delivery of the Securities shall be made to the
Representatives for the respective accounts of the several Initial Purchasers against payment by
the several Initial Purchasers through the Representatives of the purchase price thereof to or upon
the order of the Issuers by wire transfer payable in same-day funds to an account specified by the
Issuers. The Issuer will deliver against payment of the purchase price the Securities in the form
of two or more permanent global Securities in definitive form (the “Global Securities”) deposited
with the Trustee as custodian for The Depository Trust Company (“DTC”) and registered in the name
of Cede & Co., as nominee for DTC. Interests in any permanent global Securities will be held only
in book-entry form through DTC, except in the limited circumstances described in the Final Offering
Circular. Payment for the Securities shall be made by the Initial Purchasers in Federal (same day)
funds by wire transfer to an account at a bank acceptable to Credit Suisse at the office of
Shearman & Sterling LLP, 599 Lexington Avenue, New York, NY 10022, at 9:00 a.m., New York time, on
September 15, 2006, or at such other time not later than seven full business days thereafter as the
Representatives and the Issuer determine (such date and time of delivery and payment for the
Securities being herein called the “Closing Date”), against delivery to the Trustee as custodian
for DTC of the Global Securities representing all of the Securities. The Global Securities will be
made available for checking at the above office of Shearman & Sterling LLP at least 24 hours prior
to the Closing Date.

4. Representations by Initial Purchasers.

(a) Each Initial Purchaser severally represents and warrants to the Issuer that it is
an “accredited investor” within the meaning of Regulation D under the Securities Act.

(b) Each Initial Purchaser severally acknowledges that the Securities have not been
registered under the Securities Act and may not be offered or sold within the United States
or to, or for the account or benefit of, U.S. persons except pursuant to an exemption from
the registration requirements of the Securities Act. Each Initial Purchaser severally
represents and agrees that it has offered and sold the Securities, and will offer and sell
the Securities as part of its distribution at any time only in accordance with Rule 144A.
Accordingly, neither such Initial Purchaser nor its affiliates, nor any persons acting on
its or their behalf, have engaged or will engage in any directed selling efforts with
respect to the Securities; and such Initial Purchaser, its affiliates and all persons acting
on its or their behalf have complied and will comply with the offering conditions of Rule
144A.

(c) Each Initial Purchaser severally agrees that it and each of its affiliates has not
entered and will not enter into any contractual arrangement with respect to the distribution
of the Securities except for any such arrangements with the other Initial Purchasers or
affiliates of the other Initial Purchasers or with the prior written consent of the Issuer.

(d) Each Initial Purchaser severally agrees that it and each of its affiliates will not
offer or sell the Securities in the United States by means of any form of general
solicitation or general advertising within the meaning of Rule 502(c) under the Securities
Act, including, but not limited to (i) any advertisement, article, notice or other
communication published in any newspaper, magazine or similar media or broadcast over
television or radio, or (ii) any seminar or meeting whose attendees have been invited by any
general solicitation or general advertising. Each Initial Purchaser severally agrees, to
deliver either with the confirmation of such resale or otherwise prior to settlement of such
resale a notice to the effect that the resale of such Securities has been made in reliance
upon the exemption from the registration requirements of the Securities Act provided by Rule
144A.

(e) The Initial Purchasers acknowledge that the Issuer and, for purposes of the
opinions to be delivered to the Initial Purchasers pursuant to Section 7 hereof, counsel to
the Issuer and counsel to the Initial Purchasers will rely upon the accuracy and truth of
the foregoing representations and hereby consent to such reliance

5. Certain Agreements of the Issuer. The Issuer agrees with the several Initial
Purchasers that:

(a) The Issuer will advise the Representatives promptly of any proposal to amend or
supplement the Preliminary or Final Offering Circular and will not effect such amendment or
supplementation without the Representatives’ consent (which consent shall not be
unreasonably withheld). If, at any time prior to the time the Representatives shall have
notified the Issuer of the completion of the resale of the Securities by the Initial
Purchasers, there occurs an event or development as a result of which any information
included or incorporated by reference in the Preliminary or Final Offering Circular, the
General Disclosure Package or any Supplemental Marketing Material included or would include
an untrue statement of a material fact or omitted or would omit to state any material fact
necessary in order to make the statements therein, in the light of the circumstances
prevailing at such time, not misleading, or if it is necessary at any such time to amend or
supplement the Preliminary or Final Offering Circular, the General Disclosure Package or any
Supplemental Marketing Material to comply with any applicable law, the Issuer promptly will
notify each Representative of such event and promptly will prepare, at its own expense, an
amendment or supplement which will correct such statement or omission or effect such
compliance. Neither the Representatives’ consent to, nor the Initial Purchasers’ delivery
to offerees or investors of, any such amendment or supplement shall constitute a waiver of
any of the conditions set forth in Section 6. The first sentence of this subsection does
not apply to statements in or omissions from any information included or incorporated by
reference in the Preliminary or Final Offering Circular, the General Disclosure Package or
any Supplemental Marketing Material based upon and in conformity with written information
furnished to the Issuer by any Initial Purchaser through the Representatives specifically
for use therein, it being understood and agreed that the only such information furnished by
or on behalf of any Initial Purchaser consists of the information described as such in
Section 9(b) hereof.

(b) The Issuer will furnish to each Representative copies of the Preliminary Offering
Circular, each other document comprising a part of the General Disclosure Package, the Final
Offering Circular, all amendments and supplements to such documents and each item of
Supplemental Marketing Material, in each case as soon as available and in such quantities as
the Representatives shall reasonably request. At any time when the Issuer is not subject to
Section 13 or 15(d) of the Exchange Act, the Issuer will promptly furnish or cause to be
furnished to the Representatives, and, upon request, to each of the other Initial Purchasers
and, upon request of holders and prospective purchasers of the Securities, to such holders
and purchasers, copies of the information required to be delivered to holders and
prospective purchasers of the Securities pursuant to Rule 144A(d)(4) under the Securities
Act (or any successor provision thereto) in order to permit compliance with Rule 144A in
connection with resales by such holders of the Securities. The Issuer will pay the expenses
of printing and distributing to the Initial Purchasers all such documents.

(c) The Issuer will cooperate with the Representatives in connection with the
qualification of the Securities for sale and the determination of their eligibility for
investment under the laws of such jurisdictions in the United States as the Representatives
designate on or prior to the date hereof and will continue such qualification in effect for
so long as required for the exempt resale of the Securities by the Initial Purchasers (but
not later than the effectiveness of the Exchange Offer Registration Statement or the Shelf
Registration Statement, as applicable); provided, however, that the Issuer will not be
required to register or qualify as a foreign corporation where it is not now so registered
or qualified or to take any action that would subject it to the service of process in suits
or taxation, other than as to matters and transactions relating to the exempt resale of the
Securities by the Initial Purchasers, in any jurisdiction where it is not now so subject.

(d) During the period of two years after the Closing Date, the Issuer will, upon
request, furnish to each of the Representatives, each of the other Initial Purchasers and
any holder of Securities, a copy of the restrictions on transfer applicable to the
Securities.

(e) During the period of two years after the Closing Date, the Issuer will not, and
will not permit any of its affiliates (as defined in Rule 144 under the Securities Act) to,
resell any of the Securities that have been reacquired by any of them.

(f) Subject to the Initial Purchasers’ compliance with their representations and
warranties and agreements set forth in Section 4 hereof, the Issuer consents to the use of
the Preliminary Offering Circular, any other documents comprising any part of the General
Disclosure Package, the Final Offering Circular and any amendments and supplements thereto
required pursuant to Section 5(a) hereto, by the Initial Purchasers; provided, however, that
such consent is given solely in connection with the offer and sale of the Securities
pursuant to and in accordance with the terms of this Agreement.

(g) Except as contemplated in the Registration Rights Agreement, none of the Issuer or
any of its affiliates, nor any person acting on its or their behalf (other than the
Representatives or any of their affiliates, as to whom the Issuer expresses no opinion)
will, directly or indirectly, make offers or sales of any security, or solicit offers to buy
any security, under circumstances that would require the registration of the Securities
under the Securities Act.

(h) During the period of two years after the Closing Date, the Issuer will not be or
become, an open-end investment company, unit investment trust or face-amount certificate
company that is or is required to be registered under Section 8 of the Investment Company
Act.

(i) The Issuer will pay for all reasonable expenses incidental to the performance of
its obligations under this Agreement, the Indenture and the Registration Rights Agreement,
including (i) the fees and expenses of the Trustee and its professional advisers; (ii) all
expenses in connection with the execution, issue, authentication and initial delivery of the
Securities and, as applicable, the Exchange Securities, the preparation and printing of this
Agreement, the Registration Rights Agreement, the Securities, the Indenture, the Preliminary
Offering Circular, any other documents comprising any part of the General Disclosure
Package, the Final Offering Circular, all amendments and supplements thereto, each item of
Supplemental Marketing Material and any other document relating to the issuance, offer, sale
and delivery of the Securities and as applicable, the Exchange Securities; (iii) the cost of
any advertising approved in advance by the Issuer in connection with the issue of the
Securities; (iv) any expenses (including reasonable fees and disbursements of counsel)
incurred in connection with qualification of the Securities or the Exchange Securities for
sale under the laws of such jurisdictions in the United States as the Representatives
designate in accordance with Section 5(c) hereof and the printing of memoranda relating
thereto; (v) any fees charged by investment rating agencies for the rating of the Securities
or the Exchange Securities; and (vi) for expenses incurred in distributing the Preliminary
Offering Circular, any other documents comprising any part of the General Disclosure
Package, the Final Offering Circular (including any amendments and supplements thereto) and
any Supplemental Marketing Material to the Initial Purchasers.

It is understood that, except as otherwise provided in this Agreement, the Initial
Purchasers will pay all their own costs and expenses, including (i) the fees of their
counsel, (ii) transfer taxes on any exempt resale of the Securities by them, and (iii) the
transportation and other expenses incurred by the Initial Purchasers in connection with
attending or hosting meetings with or making presentations to prospective purchasers of the
Securities from the Initial Purchasers. The Issuer acknowledges that it has advised the
Initial Purchasers that it does not intend to conduct any “roadshow” or other meeting with
or presentation to prospective purchasers of the Securities from the Initial Purchasers that
would result in the incurrence of any expenses referred to in clause (iii) of the preceding
sentence.

(j) The Issuer will not, without the prior written consent of each Representative, from
the date of this Agreement until the Closing Date, offer, sell, contract to sell, pledge or
otherwise dispose of, directly or indirectly, or file with the Commission a registration
statement under the Securities Act relating to, any debt securities issued or guaranteed by
the Issuer which mature more than one year after the Closing Date, which are substantially
similar to the Securities and are denominated in the same currency as the Securities, or
publicly disclose the intention to make any such offer, sale, pledge, disposition or filing.
The Issuer will not at any time offer, sell, contract to sell, pledge or otherwise dispose
of, directly or indirectly, any securities under circumstances where such offer, sale,
pledge, contract or disposition would cause the exemption afforded by Section 4(2) of the
Securities Act to cease to be applicable to the offer and sale of the Securities.

(k) The Issuer will apply the net proceeds from the sale of the Securities as set forth
under “Use of Proceeds” in the General Disclosure Package and the Final Offering Circular.

(l) The Issuer will cooperate with the Initial Purchasers and use its best efforts to
permit the Securities to be eligible for clearance and settlement through the facilities of
DTC.

(m) The Issuer will promptly notify each Representative, up to and including the
Closing Date, of any downgrading in the rating of any debt securities of the Issuer or any
known proposal to downgrade the rating of any debt securities of the Issuer by any
“nationally recognized statistical rating organization” (as defined for purposes of Rule
436(g) under the Act), or any public announcement that any such organization has under
surveillance or review its rating of any debt securities of the Issuer (other than an
announcement with positive implications of a possible upgrading, and no implication of a
possible downgrading of such rating), as soon as the Issuer learns of such downgrading,
proposal to downgrade or public announcement.

6. Free Writing Communications.

(a) The Issuer represents and agrees that, unless it obtains the prior consent of the
Representatives, and each Initial Purchaser represents and agrees that, unless it obtains
the prior consent of the Issuer and the Representatives, it has not made and will not make
any offer relating to the Securities that would constitute an Issuer Free Writing
Communication.

(b) The Issuer consents to the use by any Initial Purchaser of a Free Writing
Communication that (i) contains only (A) information describing the preliminary terms of the
Securities or their offering or (B) information that describes the final terms of the
Securities or their offering and that is included in the Terms Communication or is included
in or is subsequently included in the Final Offering Circular or (ii) does not contain any
material information about the Issuer or its securities that was provided by or on behalf of
the Issuer, it being understood and agreed that any such Free Writing Communication referred
to in clause (i) or (ii) shall not be an Issuer Free Writing Communication for purposes of
this Agreement.

7. Conditions to the Obligations of the Initial Purchasers. The obligations of the
Initial Purchasers to purchase the Securities shall be subject to the accuracy of the
representations and warranties on the part of the Issuer contained herein as of the Applicable Time
and the Closing Date, to the accuracy of the statements of the Issuer made in any certificates
pursuant to the provisions hereof, to the performance by the Issuer of its obligations hereunder
and to the following additional conditions:

(a) Subsequent to the execution and delivery of this Agreement, there shall not have
occurred (i) any change, or any development or event involving a prospective change, in the
financial condition, business, properties, results of operations or prospects of the Issuer
and its subsidiaries taken as a whole which, in the judgment of a majority in interest of
the Initial Purchasers including Credit Suisse, is material and adverse and makes it
impractical or inadvisable to proceed with completion of the offering or the sale of and
payment for the Securities; (ii) any downgrading in the rating of any debt securities of the
Issuer by any “nationally recognized statistical rating organization” (as defined for
purposes of Rule 436(g) under the Securities Act), or any public announcement that any such
organization has under surveillance or review its rating of any debt securities of the
Issuer (other than an announcement with positive implications of a possible upgrading, and
no implication of a possible downgrading, of such rating); (iii) any change in U.S. or
international financial, political or economic conditions or currency exchange rates or
exchange controls as would, in the judgment of a majority in interest of the Initial
Purchasers including Credit Suisse, be likely to prejudice materially the success of the
proposed issue, sale or distribution of the Securities, whether in the primary market or in
respect of dealings in the secondary market, (iv) any material suspension or material
limitation of trading in securities generally on the New York Stock Exchange, or any setting
of minimum prices for trading on such exchange; (v) or any suspension of trading of any
securities of the Issuer on any exchange or in the over-the-counter market; (vi) any banking
moratorium declared by U.S. Federal or New York authorities; (vii) any major disruption of
settlements of securities or clearance services in the United States or (viii) any attack
on, outbreak or escalation of hostilities or act of terrorism involving the United States,
any declaration of war by Congress or any other national or international calamity or
emergency if, in the judgment of a majority in interest of the Initial Purchasers including
Credit Suisse, the effect of any such attack, outbreak, escalation, act, declaration,
calamity or emergency makes it impractical or inadvisable to proceed with completion of the
offering or sale of and payment for the Securities.

(b) The Issuer shall have requested and caused Morgan, Lewis & Bockius LLP, counsel to
the Issuer, to have furnished to the Representatives their opinion, dated the Closing Date
and addressed to the Representatives, to the effect that:

(i) The Issuer is a corporation presently subsisting under the laws of the
Commonwealth of Pennsylvania, with all requisite corporate power and authority to
own, lease and operate its properties and to carry on its business as described in
the General Disclosure Package and the Final Offering Circular;

(ii) Penn Natural is a corporation presently subsisting under the laws of the
Commonwealth of Pennsylvania, with all requisite corporate power and authority to
own, lease and operate its properties and to carry on its business as described in
the General Disclosure Package and the Final Offering Circular; all of the issued
and outstanding capital stock of Penn Natural has been duly authorized and validly
issued and is fully paid and nonassessable; and the capital stock of Penn Natural,
directly or through subsidiaries, is owned free from liens, encumbrances and
defects;

(iii) The Indenture has been duly authorized, executed and delivered by the
Issuer and constitutes the legal, valid and binding obligation of the Issuer,
enforceable against the Issuer in accordance with its terms, subject (i) to
applicable bankruptcy, insolvency, fraudulent conveyance, reorganization moratorium
and similar laws relating to or affecting creditors’ rights and remedies generally
and (ii) as to enforceability, to general principles of equity, including principles
of commercial reasonableness, good faith and fair dealing, regardless of whether
enforcement is sought in a proceeding at law or in equity, and except (a) to the
extent that a waiver of rights under any usury laws may be unenforceable and (b)
that rights to indemnification and contribution thereunder may be limited by federal
or state securities laws or public policy relating thereto;

(iv) The Securities have been duly authorized and, when executed and
authenticated in accordance with the provisions of the Indenture and delivered to
and paid for by the Initial Purchasers as contemplated by this Agreement, will
constitute the legal, valid and binding obligations of the Issuer, enforceable
against the Issuer in accordance with their terms and entitled to the benefits of
the Indenture, subject (i) to applicable bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium and similar laws relating to or affecting
creditors’ rights and remedies generally and (ii) as to enforceability, to general
principles of equity, including principles of commercial reasonableness, good faith
and fair dealing, regardless of whether enforcement is sought in a proceeding at law
or in equity, and except (a) to the extent that a waiver of rights under any usury
laws may be unenforceable and (b) that rights to indemnification and contribution
thereunder may be limited by federal or state securities laws or public policy
relating thereto;

(v) The statements in the General Disclosure Package under the caption
“Description of the Notes,” insofar as they constitute descriptions of the
Indenture, the Securities and the Registration Rights Agreement or refer to
statements of law or legal conclusions under New York, Pennsylvania corporate or
federal law, constitute fair summaries thereof in all material respects;

(vi) Except for the registration of the securities certificate relating to the
Securities by the PUC, which registration has been obtained by the PUC Order, no
consent, approval, authorization or order of, or filing with, any governmental
agency or body or any court is required for the consummation of the transactions
contemplated by this Agreement and the Registration Rights Agreement in connection
with the issuance and sale of the Securities by the Issuer, except for the filing of
the Exchange Offer Registration Statement or the Shelf Registration Statement (each
as defined in the Registration Right Agreement), qualification of the Trustee, and
order of the Commission declaring the Exchange Offer Registration Statement or the
Shelf Registration Statement effective, and except for such as will be obtained and
made under the Securities Act and the Trust Indenture Act and such as may be
required under state securities or blue sky laws (as to which state securities or
blue sky laws we express no opinion), which, if not obtained or made, would not have
a material adverse effect upon the financial condition, business, properties or
results of operations of the Issuer;

(vii) The execution, delivery and performance of the Indenture, this Agreement
and the Registration Rights Agreement, the issuance and sale of the Securities, and
the consummation by the Issuer of the other transactions contemplated thereby will
not (i) result in a violation of the certificate of incorporation or bylaws of the
Issuer, (ii) breach or result in a default under any provision of any agreement or
instrument filed as an exhibit to any of the Issuer’s reports heretofore filed with
the Securities and Exchange Commission pursuant to Section 13(a) or 15(d) of the
Exchange Act that is incorporated by reference into the Offering Circular (other
than as described in the Offering Circular and except for documents, agreements or
other instruments that will be extinguished on the Closing Date), (iii) result in a
violation of any federal law of the United States or any law of the Commonwealth of
Pennsylvania or any regulation thereunder, or (iv) violate any judicial or
administrative judgment, order or decree known to such counsel to which the Issuer
is subject;

(viii) This Agreement has been duly authorized, executed and delivered by the
Issuer;

(ix) The Registration Rights Agreement has been duly authorized, executed and
delivered by the Issuer and constitutes the legal, valid and binding obligation of
the Issuer, enforceable against the Issuer in accordance with its terms, subject (i)
to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization
moratorium and similar laws relating to or affecting creditors’ rights and remedies
generally and (ii) as to enforceability, to general principles of equity, including
principals of commercial reasonableness, good faith and fair dealing, regardless of
whether enforcement is sought in a proceeding at law or in equity, and except (a) to
the extent that a waiver of rights under any usury laws may be unenforceable and (b)
that rights to indemnification and contribution thereunder may be limited by federal
or state securities laws or public policy relating thereto;

(x) Except as disclosed in the General Disclosure Package and the Final
Offering Circular, the Issuer possesses adequate certificates, authorities or
permits issued by appropriate governmental agencies or bodies necessary to conduct
the business now operated by it and has not received any notice of proceedings
relating to the revocation or modification of any such certificate, authority or
permit that would reasonably be expected to have, individually or in the aggregate,
a material adverse effect on the Issuer and its subsidiaries taken as a whole;

(xi) The Issuer is not and, after giving effect to the offering and sale of the
Securities and the application of the proceeds thereof as described in the General
Disclosure Package, will not be an “investment company” as defined in the Investment
Company Act; and

(xii) Assuming the accuracy of the representations and warranties and
compliance with the agreements contained in this Agreement, it is not necessary in
connection with (i) the offer and sale of the Securities to the Initial Purchasers
pursuant to this Agreement or (ii) the resales of the Securities by the Initial
Purchasers in the manner contemplated by this Agreement, to register the Securities
under the Securities Act or to qualify an indenture in respect thereof under the
Trust Indenture Act.

In addition, such counsel shall state that it has participated in conferences
with officers and other representatives of the Issuer and representatives of the
independent registered public accounting firm for the Issuer and the PG Energy
Business at which conferences the contents of the General Disclosure Package and the
Final Offering Circular and related matters were discussed, and that, although such
counsel has not independently verified and need not pass upon, or assume
responsibility for, the accuracy, completeness or fairness of the statements
contained in the General Disclosure Package and the Final Offering Circular (except
to the extent specified in the foregoing opinion), no facts have come to such
counsel’s attention which lead such counsel to believe that (i) the Final Offering
Circular (including any Exchange Act Report incorporated by reference therein), or
any amendment or supplement thereto, as of the date thereof and the date of such
opinion, contained any untrue statement of a material fact or omitted to state any
material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; (ii) the documents
specified in a schedule to such counsel’s letter, consisting of those included in
the General Disclosure Package, when taken together as a whole, as of the Applicable
Time, contained an untrue statement of a material fact or omitted to state a
material fact required to be stated therein or necessary to make the statements
contained therein, in the light of circumstances under which they were made, not
misleading, it being understood that such counsel need express no opinion as to the
financial statements or other financial data contained or incorporated by reference
in the General Disclosure Package, the Final Offering Circular and the Exchange Act
Reports.

In rendering their opinions as aforesaid, such counsel may rely upon an opinion
or opinions, each dated the Closing Date, of other counsel retained by them or the
Issuer as to laws of any jurisdiction other than the United States or the States of
New York and Pennsylvania; provided that (A) each such local counsel is
reasonably acceptable to you and (B) such reliance is expressly authorized by each
opinion so relied upon and a copy of each such opinion is delivered to you and is,
in form and substance, reasonably satisfactory to you and your counsel.

In rendering such opinion, such counsel may (A) rely in respect of matters of
fact upon certificates (original counterparts of which shall be furnished to you) of
officers and employees of the Issuer and upon information obtained from public
officials, (B) rely wholly upon (without independent investigation) opinions of
other counsel issued in connection with the transactions contemplated by this
Agreement, (C) state that their opinion is limited to federal laws, New York law and
Pennsylvania law, and (D) assume that all documents submitted to them as originals
are authentic, that all copies submitted to them conform to the originals thereof,
and that the signatures on all documents examined by such counsel are genuine.

(c) The Representatives shall have received from Shearman & Sterling LLP, counsel for
the Initial Purchasers, such opinion or opinions, dated the Closing Date and addressed to
the Representatives, with respect to the issuance and sale of the Securities, the Indenture,
the General Disclosure Package, the Final Offering Circular (together with any supplement
thereto) and other related matters as the Representatives may reasonably require, and the
Issuer shall have furnished to such counsel such documents as they request for the purpose
of enabling them to pass upon such matters.

(d) The Issuer shall have furnished to the Representatives a certificate, signed by the
President or any Vice President and a principal financial or accounting officer of the
Issuer, dated the Closing Date, in which such officers, to the best of their knowledge after
reasonable investigation, certify to the effect that:

(i) the representations and warranties of the Issuer in this Agreement are true
and correct on the date hereof and on the Closing Date with the same force and
effect as if made on and as of the date hereof and the Closing Date, respectively,
that the Issuer has complied with all agreements and satisfied all conditions on its
part to be performed or satisfied hereunder at or prior to the Closing Date; and

(ii) subsequent to the date of the most recent financial statements included or
incorporated by reference in the General Disclosure Package, there has been no
material adverse change, nor any development or event involving a prospective
material adverse change, in the financial condition, business, properties, results
of operations or prospects of the Issuer and its subsidiaries taken as a whole,
except as set forth in the General Disclosure Package.

(e) The Issuer shall have requested and caused PricewaterhouseCoopers LLP, the
independent registered public accounting firm for the Issuer and the PG Energy Business, to
have furnished to the Representatives, at the Applicable Time and at the Closing Date,
letters (which may refer to letters previously delivered to one or more of the Initial
Purchasers), dated respectively as of the Applicable Time and as of the Closing Date, in
form and substance satisfactory to the Representatives.

(f) The Issuer and the Trustee shall have entered into the Indenture and you shall have
received counterparts, conformed as executed, thereof.

(g) To the Issuer’s knowledge, the Acquisition Order is not the subject of any appeal
or other proceeding that would have a material adverse effect on the timely consummation of
the Acquisition or the financial condition, business, properties, results of operations or
prospects of the Issuer and its subsidiaries taken as a whole.

(h) Prior to the Closing Date, the Issuer shall have furnished to the Representatives
such further information, certificates and documents as the Representatives may reasonably
request.

If any of the conditions specified in this Section 7 shall not have been fulfilled when and as
provided in this Agreement, or if any of the opinions and certificates mentioned above or elsewhere
in this Agreement shall not be reasonably satisfactory in form and substance to the Representatives
and counsel for the Initial Purchasers, this Agreement and all obligations of the Initial
Purchasers hereunder may be canceled at the Closing Date by the Representatives. Notice of such
cancellation shall be given to the Issuer in writing or by telephone or facsimile confirmed in
writing.

The documents required to be delivered by this Section 7 shall be delivered at the office of
Shearman & Sterling LLP, counsel for the Initial Purchasers, at 599 Lexington Avenue, New York, New
York 10022, on the Closing Date.

8. Indemnification and Contribution. (a) The Issuer will indemnify and hold
harmless each Initial Purchaser, its officers, partners, members, directors and its affiliates and
each person, if any, who controls such Initial Purchaser within the meaning of Section 15 of the
Securities Act, against any losses, claims, damages or liabilities, joint or several, to which such
Initial Purchaser may become subject, under the Securities Act or the Exchange Act or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of
or are based upon any untrue statement or alleged untrue statement of any material fact contained
in the Preliminary Offering Circular or the Final Offering Circular (including the Exchange Act
Reports incorporated by reference therein), in each case as amended or supplemented, or any Issuer
Free Writing Communication or the information contained in the Terms Communication, in each case as
amended or supplemented, or arise out of or are based upon the omission or alleged omission to
state therein a material fact necessary in order to make the statements therein, in the light of
the circumstances under which they were made, not misleading and will reimburse each Initial
Purchaser for any legal or other expenses reasonably incurred by such Initial Purchaser in
connection with investigating or defending any such loss, claim, damage, liability or action as
such expenses are incurred; provided, however, that the Issuer will not be liable
in any such case to the extent that any such loss, claim, damage or liability arises out of or is
based upon an untrue statement or alleged untrue statement in or omission or alleged omission from
any of such documents in reliance upon and in conformity with written information furnished to the
Issuer by any Initial Purchaser through the Representatives specifically for use therein, it being
understood and agreed that the only such information consists of the information described as such
in subsection (b) below; and provided, further, that with respect to any untrue statement or
alleged untrue statement in or omission or alleged omission from any Preliminary Offering Circular,
Issuer Free Writing Communication or supplemental disclosure document, the indemnity agreement
contained in this subsection (a) shall not inure to the benefit of any Initial Purchaser that sold
the Securities concerned to the person asserting any such losses, claims, damages or liabilities,
to the extent that such sale was an initial resale by such Initial Purchaser and any such loss,
claim, damage or liability of such Initial Purchaser results from the fact that there was not
conveyed to such person, at or prior to the time of the sale of such Securities to such person, a
copy of the Preliminary Offering Circular, Issuer Free Writing Communication or other supplemental
disclosure document correcting such untrue statement or omission or alleged untrue statement or
omission (exclusive of any material included therein but not attached thereto, with any material
filed with the Commission that is incorporated by reference therein being deemed conveyed for this
purpose upon such filing) if the Issuer or its representatives had furnished prior to the
Applicable Time copies of such Preliminary Offering Circular, Issuer Free Writing Communication or
supplemental disclosure document to such Initial Purchaser and had specifically advised such
Initial Purchaser prior to the Applicable Time of such untrue statement or omission or alleged
untrue statement or omission that was so corrected.

(b) Each Initial Purchaser will severally and not jointly indemnify and hold harmless the
Issuer, its directors and officers and each person, if any, who controls the Issuer within the
meaning of Section 15 of the Securities Act, against any losses, claims, damages or liabilities to
which the Issuer may become subject, under the Securities Act or the Exchange Act or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of
or are based upon any untrue statement or alleged untrue statement of any material fact contained
in the Preliminary Offering Circular or the Final Offering Circular (including the Exchange Act
Reports incorporated by reference therein), in each case as amended or supplemented, or any Issuer
Free Writing Communication or the information contained in the Terms Communication, in each case as
amended or supplemented, or arise out of or are based upon the omission or the alleged omission to
state therein a material fact necessary in order to make the statements therein, in the light of
the circumstances under which they were made, not misleading, in each case to the extent, but only
to the extent, that such untrue statement or alleged untrue statement or omission or alleged
omission was made in reliance upon and in conformity with written information furnished to the
Issuer by such Initial Purchaser through the Representatives specifically for use therein, and will
reimburse any legal or other expenses reasonably incurred by the Issuer in connection with
investigating or defending any such loss, claim, damage, liability or action as such expenses are
incurred, it being understood and agreed that the only such information furnished by any Initial
Purchaser consists of the following information in the Preliminary and Final Offering Circular
furnished on behalf of each Initial Purchaser: the table following the first paragraph, and the
third, sixth and seventh paragraphs under the caption “Plan of Distribution”; provided,
however, that the Initial Purchasers shall not be liable for any losses, claims, damages or
liabilities arising out of or based upon the Issuer’s failure to perform its obligations under
Section 5(a) of this Agreement.

(c) Promptly after receipt by an indemnified party under this Section 8 of notice of the
commencement of any action, such indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under subsection (a) or (b) above, notify the indemnifying
party of the commencement thereof; but the failure to notify the indemnifying party shall not
relieve it from any liability that it may have under subsection (a) or (b) above except to the
extent that it has been materially prejudiced (through the forfeiture of substantive rights or
defenses) by such failure; and provided further that the failure to notify the
indemnifying party shall not relieve it from any liability that it may have to an indemnified party
otherwise than under subsection (a) or (b) above. In case any such action is brought against any
indemnified party and it notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein and, to the extent that it may wish,
jointly with any other indemnifying party similarly notified, to assume the defense thereof, with
counsel satisfactory to such indemnified party (who shall not, except with the consent of the
indemnified party, be counsel to the indemnifying party), and after notice from the indemnifying
party to such indemnified party of its election so to assume the defense thereof, the indemnifying
party will not be liable to such indemnified party under this Section 8 for any legal or other
expenses subsequently incurred by such indemnified party in connection with the defense thereof
other than reasonable costs of investigation. No indemnifying party shall, without the prior
written consent of the indemnified party, effect any settlement of any pending or threatened action
in respect of which any indemnified party is or could have been a party and indemnity could have
been sought hereunder by such indemnified party unless such settlement includes (i) an
unconditional release of such indemnified party from all liability on any claims that are the
subject matter of such action and (ii) does not include a statement as to or an admission of fault,
culpability or failure to act by or on behalf of any indemnified party.

(d) If the indemnification provided for in this Section 8 is unavailable or insufficient to
hold harmless an indemnified party under subsection (a) or (b) above, then each indemnifying party
shall contribute to the amount paid or payable by such indemnified party as a result of the losses,
claims, damages or liabilities referred to in subsection (a) or (b) above (i) in such proportion as
is appropriate to reflect the relative benefits received by the Issuer on the one hand and the
Initial Purchasers on the other from the offering of the Securities or (ii) if the allocation
provided by clause (i) above is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i) above but also the
relative fault of the Issuer on the one hand and the Initial Purchasers on the other in connection
with the statements or omissions which resulted in such losses, claims, damages or liabilities as
well as any other relevant equitable considerations. The relative benefits received by the Issuer
on the one hand and the Initial Purchasers on the other shall be deemed to be in the same
proportion as the total net proceeds from the offering (before deducting expenses) received by the
Issuer bear to the total discounts and commissions received by the Initial Purchasers from the
Issuer under this Agreement. The relative fault shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by the Issuer or the
Initial Purchasers and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such untrue statement or omission. The amount paid by an
indemnified party as a result of the losses, claims, damages or liabilities referred to in the
first sentence of this subsection (d) shall be deemed to include any legal or other expenses
reasonably incurred by such indemnified party in connection with investigating or defending any
action or claim which is the subject of this subsection (d). Notwithstanding the provisions of
this subsection (d), no Initial Purchaser shall be required to contribute any amount in excess of
the amount by which the total price at which the Securities purchased by it were resold exceeds the
amount of any damages which such Initial Purchaser has otherwise been required to pay by reason of
such untrue or alleged untrue statement or omission or alleged omission. The Initial Purchasers’
obligations in this subsection (d) to contribute are several in proportion to their respective
purchase obligations and not joint.

(e) The obligations of the Issuer under this Section 8 shall be in addition to any liability
which the Issuer may otherwise have and shall extend, upon the same terms and conditions, to each
person, if any, who controls any Initial Purchaser within the meaning of the Securities Act or the
Exchange Act; and the obligations of the Initial Purchasers under this Section shall be in addition
to any liability which the respective Initial Purchasers may otherwise have and shall extend, upon
the same terms and conditions, to each person, if any, who controls the Issuer within the meaning
of the Securities Act or the Exchange Act.

9. Default by an Initial Purchaser. If any Initial Purchaser or Initial Purchasers
default in their obligations to purchase Securities hereunder and the aggregate principal amount of
Securities that such defaulting Initial Purchaser or Initial Purchasers agreed but failed to
purchase does not exceed 10% of the total principal amount of Securities, Credit Suisse may make
arrangements satisfactory to the Issuer for the purchase of such Securities by other persons,
including any of the Initial Purchasers, but if no such arrangements are made by the Closing Date,
the non-defaulting Initial Purchasers shall be obligated severally, in proportion to their
respective commitments hereunder, to purchase the Securities that such defaulting Initial
Purchasers agreed but failed to purchase. If any Initial Purchaser or Initial Purchasers so default
and the aggregate principal amount of Securities with respect to which such default or defaults
occur exceeds 10% of the total principal amount of Securities and arrangements satisfactory to
Credit Suisse and the Issuer for the purchase of such Securities by other persons are not made
within 48 hours after such default, this Agreement will terminate without liability on the part of
any non-defaulting Initial Purchaser or the Issuer, except as provided in Section 10. In any such
case that does not result in a termination of this Agreement, the Issuer and the Initial Purchasers
may postpone the closing date for not longer than seven (7) days, in order that the required
changes, if any, in the Offering Circular or any other documents or arrangements may be effected.
As used in this Agreement, the term “Initial Purchaser” includes any person substituted for an
Initial Purchaser under this Section. Nothing herein will relieve a defaulting Purchaser from
liability for its default.

10. Termination; Certain Representations and Indemnities to Survive. The respective
indemnities, agreements, representations, warranties and other statements of the Issuer or its
officers and of the several Initial Purchasers set forth in or made pursuant to this Agreement will
remain in full force and effect, regardless of any investigation, or statement as to the results
thereof, made by or on behalf of any Initial Purchaser, the Issuer or any of their respective
representatives, officers or directors or any controlling person, and will survive delivery of and
payment for the Securities. If this Agreement is terminated pursuant to Section 9 or if for any
reason the purchase of the Securities by the Initial Purchasers is not consummated, the Issuer
shall remain responsible for the expenses to be paid or reimbursed by it pursuant to Section 5 and
the respective obligations of the Issuer and the Initial Purchasers pursuant to Section 8 shall
remain in effect. If the purchase of the Securities by the Initial Purchasers is not consummated
for any reason other than solely because of the termination of this Agreement pursuant to Section 9
or the occurrence of any event specified in clause (i), (iii), (iv), (v), (vi), (vii) or (viii) of
Section 7(a), the Issuer will reimburse the Initial Purchasers for all out-of-pocket expenses
(including fees and disbursements of counsel) reasonably incurred by them in connection with the
offering of the Securities.

11. Notices. All communications hereunder will be in writing and effective only on
receipt, and, if sent to the Representatives, will be mailed, delivered or telefaxed, in the case
of (i) Credit Suisse Securities (USA) LLC shall be directed to it at Eleven Madison Avenue, New
York, New York 10010-3629, Attention: Short and Medium Term Finance Department (Facsimile No. (212)
325-8183); or (ii) Wachovia Capital Markets, LLC shall be directed to it at One Wachovia Center,
301 South College Street, TW-8, Charlotte, North Carolina 28288-0602, Attention: Syndicate Desk
(Facsimile No. (704) 383-0661), in each case with a copy to Shearman & Sterling LLP, 599 Lexington
Avenue, New York, New York 10022, Attention: Lisa Jacobs, Esq.; and notices to the Issuer shall be
directed to it at 460 North Gulph Road, King of Prussia, PA 19406, Attention: Treasurer (Facsimile
No. (610) 992-3259), with a copy to Morgan, Lewis & Bockius LLP, 1111 Pennsylvania Avenue, N.W.,
Washington, D.C. 20004, Attention: Linda Griggs, Esq. (Facsimile No. (202) 739-3001).

12. Successors. This Agreement will inure to the benefit of and be binding upon the
parties hereto and their respective successors and the officers, directors, employees, agents and
controlling persons referred to in Section 8(a) hereof, and no other person will have any right or
obligation hereunder, except that holders of Securities shall be entitled to enforce the agreements
for their benefit contained in the second and third sentences of Section 5(b) hereof against the
Issuer as if such holders were parties thereto.

13. Representation of Purchasers. You will act for the several Initial Purchasers in
connection with this purchase, and any action under this Agreement taken by you jointly or by
Credit Suisse will be binding upon all the Initial Purchasers.

14. No Fiduciary Duty. The Issuer acknowledges and agrees that: (a) the
Representatives have been retained solely to act as agents in connection with the sale of the
Issuer’s Securities and that no fiduciary, advisory or agency relationship between the Issuer and
the Initial Purchasers has been created in respect of any of the transactions contemplated by this
Agreement, irrespective of whether the Representatives have advised or are advising the Issuer on
other matters; (b) the price of the Securities set forth in this Agreement was established by the
Issuer following discussions and arms length negotiations with the Representatives and the Issuer
is capable of evaluating and understanding and understands and accepts the terms, risks and
conditions of the transactions contemplated by this Agreement or the Preliminary or Final Offering
Circular; (c) it has been advised that the Representatives and their affiliates are engaged in a
broad range of transactions which may involve interests that differ from those of the Issuer and
that the Representatives have no obligation to disclose such interests and transactions to the
Issuer by virtue of any fiduciary, advisory or agency relationship; and (d) it waives, to the
fullest extent permitted by law, any claims it may have against the Representatives for breach of
fiduciary duty or alleged breach of fiduciary duty and agrees that the Representatives shall have
no liability (whether direct or indirect) to the Issuer in respect of such a fiduciary duty claim
or to any person asserting a fiduciary duty claim on behalf of or in right of the Issuer, including
stockholders, employees or creditors of the Issuer.

15. Integration. This Agreement supersedes all prior agreements and understandings
(whether written or oral) between the Issuer and the Initial Purchasers, or any of them, with
respect to the subject matter hereof.

16. Applicable Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York without regard to principles of conflicts of laws. The
Issuer hereby submits to the non-exclusive jurisdiction of the Federal and state courts in the
Borough of Manhattan in The City of New York in any suit or proceeding arising out of or relating
to this Agreement or the transactions contemplated hereby.

17. Counterparts. This Agreement may be signed in one or more counterparts, each of
which shall constitute an original and all of which together shall constitute one and the same
agreement.

18. Headings. The section headings used herein are for convenience only and shall not
affect the construction hereof.

19. Definitions. The terms that follow, when used in this Agreement, shall have the
meanings indicated:

“Applicable Time” shall mean 3:07 p.m. (Eastern time) on the date of this Agreement.

“Business Day” shall mean any day other than a Saturday, a Sunday or a legal holiday or
a day on which banking institutions or trust companies are authorized or obligated by law to
close in New York City.

“Free Writing Communication” shall mean a written communication (as such term is
defined in Rule 405 under the Securities Act) that constitutes an offer to sell or a
solicitation of an offer to buy the Securities and is made by means other than the
Preliminary Offering Circular or the Final Offering Circular.

“General Disclosure Package” shall mean the Preliminary Offering Circular, together
with any Issuer Free Writing Communication existing at the Applicable Time, which constitute
the information intended for general distribution to prospective investors, and are
specified in Schedule II to this Agreement (including the term sheet listing the final terms
of the Securities and their offering, included in Schedule IV to this Agreement, which is
referred to as the “Terms Communication”), considered together with the offering price on
the cover page of the Final Offering Circular and the statements under the caption
“Description of Securities” in the Final Offering Circular.

“Issuer Free Writing Communication” shall mean a Free Writing Communication, specified
in Schedule III to this Agreement, prepared by or on behalf of the Issuer, used or referred
to by the Issuer or containing a description of the final terms of the Securities or of
their offering, in the form retained in the Issuer’s records.

“Supplemental Marketing Material” shall mean any Issuer Free Writing Communication
other than any Issuer Free Writing Communication specified in Schedule III to this
Agreement.

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended and the
rules and regulations of the Commission promulgated thereunder.

If the foregoing is in accordance with your understanding of our agreement, please sign and
return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall
represent a binding agreement among the Issuer and the several Initial Purchasers.

1

Very truly yours,

UGI UTILITIES, INC.

By:      

Name:

Title:

The foregoing Agreement is

hereby confirmed and accepted

as of the date first written above.

CREDIT SUISSE SECURITIES (USA) LLC

WACHOVIA CAPITAL MARKETS, LLC

Acting on behalf of themselves

and as the Representatives of

the several Initial Purchasers

By: CREDIT SUISSE SECURITIES (USA) LLC

	 	 	 	By:

Name:

Title:

By: WACHOVIA CAPITAL MARKETS, LLC

	 	 	 	By:

Name:

2

Title:SCHEDULE I

	 	 	 	 	 	 	 	 	 
	 	 	Principal Amount	 	Principal Amount
	 	 	of 2016 Notes to	 	of 2036 Notes to
	Initial Purchasers	 	be Purchased	 	be Purchased
	Credit Suisse Securities (USA) LLC
	 	$	122,500,000	 	 	$	70,000,000	 
	Wachovia Capital Markets, LLC
	 	$	26,250,000	 	 	$	15,000,000	 
	Citigroup Global Markets Inc.
	 	$	26,250,000	 	 	$	15,000,000	 
	Total
	 	$	175,000,000	 	 	$	100,000,000	 

3

SCHEDULE II

Contents of General Disclosure Package

1. Preliminary Offering Circular, dated September 11, 2006.

2. Terms Communication, dated September 12, 2006, in the form set forth in Schedule IV.

4

SCHEDULE III

Issuer Free Writing Communications

1. Terms Communication, dated September 12, 2006, in the form set forth in Schedule IV.

5

SCHEDULE IV

Terms Communication (attached)

6

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