Document:

First Amendment to the Preferred Supplier Agreement

 Exhibit 10.11 
 Execution Copy 

First Amendment to Preferred Supplier Agreement 

This First Amendment to Preferred Supplier Agreement (“First Amendment”) is entered into and effective this 20th day of
January, 2010. 
 Whereas, BP Energy Company, a Delaware corporation (“BP”), BP Corporation North America Inc.,
an Indiana corporation, (“BPCNA” and together with BP, the “BP Parties”), and IDT Energy, Inc., a Delaware corporation (“IDT”) entered into that certain Preferred Supplier Agreement dated and
effective June 29, 2009 (the “Preferred Supplier Agreement”) (the Preferred Supplier Agreement, together with this First Amendment, the “Agreement”). 

Whereas, IDT wishes to expand the territory in which it markets Energy and Natural Gas and expand the current arrangement with the BP
Parties for the services provided under the Preferred Supplier Agreement, and the BP Parties are willing to provide such services to IDT within the expanded territory pursuant to the terms and conditions contained in this First Amendment.

 Now Therefore, the BP Parties and IDT agree that, upon execution of this First Amendment by both Parties, the
Agreement will be amended as provided below. 
  

	1.	Section 1.1 Definitions. 

  

	 	(a)	The defined term “Designated Region” is deleted in its entirety and replaced with the following: 

““Designated Region” means: (a) with respect to Energy, the geographic region in which each of NYISO and PJM
operate, and (b) with respect to Natural Gas. the geographic region in which Niagara Mohawk, Orange & Rockland, Consolidated Edison Company of New York, National Fuel Gas Company, Rochester Gas & Electric, Central Hudson
Gas & Electric Corporation, KeySpan (now National Grid), and Public Service Gas & Electric Company, as applicable, operate.” 
  

	 	(b)	The defined term “ISO” is deleted in its entirety and replaced with the following: 

““ISO” means an Independent System Operator that coordinates, controls and monitors the operation of the
electrical power system, usually within a single State, but sometimes encompassing multiple states, such as NYISO and PJM” 
  

	 	(c)	The following definitions are added to Section 1.1: 

 ““PJM” means the Pennsylvania-New Jersey-Maryland System Operator or its successor.” 

 

	2.	Section 3.3 Permissible Transactions Not Subject to this Agreement shall be amended by adding “and PJM”’ after “in NYISO” in clause
(c) of the definition so that, as amended, it will read as follows: “(c) for the virtual and transmission congestion contract markets in NYISO and PJM, so long as the BP Parties will have no additional responsibilities under the
Transaction Documents with respect to the Energy, Natural Gas, Related Services or Financial Products that are the subject of such transaction.” 

  

	3.	Section 5.1 Scheduling Agent is deleted in its entirety and replaced with the following: 

“Scheduling Agent. With respect to each of NYISO and PJM on and after the effective date of the transfer of responsibility
for scheduling and managing transmission from IDT to BP by each of NYISO and PJM and continuing throughout the Planned Term, subject to the provisions hereof, BP shall act as IDT’s designated Scheduling Agent. BP’s responsibilities as
Scheduling Agent shall be limited to the scheduling of Energy and Related Electric Power Services for delivery
hereunder (the “Scheduling Agent Services”), as defined in more detail in Section 5.2 below.” 

  
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	4.	Section 5.2 Scheduling Agent Designation is deleted in its entirety and replaced with the following: 

“Scheduling Agent Designation. During the Planned Term, IDT shall authorize BP to act as the exclusive Scheduling Agent for
IDT in NYISO and PJM (for purposes of this Article 5, the “ISO”) and to perform all scheduling and settlement with the ISO, with respect to IDT’s Customer load and the Energy and Related Electric Power Services purchased in accordance
with this Agreement. IDT shall at all times grant BP all such authority necessary for BP to comply with the ISO’s Protocols as IDT’s Scheduling Agent during the Planned Term. IDT and BP shall submit to the ISO all such documentation as may
be required to designate BP as IDT’s Scheduling Agent and to authorize BP to perform Scheduling Agent Services on IDT’s behalf. IDT acknowledges that BP shall have the right to file all such reports, subject to IDT’s prior review, as
may be required by applicable Legal Requirements, including, without limitation, all reports as may be required by the ISO or the applicable regulatory agencies with respect to IDT’s Customer load and/or transactions consummated by BP on behalf
of IDT in accordance with the terms and conditions of this Agreement.” 
  

	5.	Section 17.1 Covenants of IDT (c) Existence, Etc. shall be amended by adding “and PJM” to the end of
(iii). 

  

	6.	IDT hereby reaffirms, as of the effective date of this First Amendment, the representations and warranties made to the BP Parties and set forth in Section 16.
I of the Preferred Supplier Agreement. 

  

	7.	BP hereby reaffirms, as of the effective date of this First Amendment, the representations and warranties made to IDT and set forth in Section 16.2 of the
Preferred Supplier Agreement. 

  

	8.	Schedule 5.4 ISO Interface Responsibilities attached to the Preferred Supplier Agreement is deleted in its entirety and replaced with the Schedule 5.4 ISO
Interface Responsibilities attached to this First Amendment. 

  

	9.	Defined terms used herein but not defined herein shall have the meanings set forth in the Agreement. 

 

	10.	Except as set forth herein, all terms and conditions of the Agreement remain unchanged and are hereby ratified by the Parties. 

Remainder of Page Intentionally Left Blank 

  
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	IDT ENERGY, INC.
		
	By:	 	/s/ Geoffrey Rochwarger
	Name	 	Geoffrey Rochwarger
	Title:	 	Chairman and CEO
	
	BP ENERGY COMPANY
		
	By:	 	/s/ Randall Prescott
	Name	 	Randall Prescott
	Title	 	V.P. Power Origination

  

			
	BP CORPORATION NORTH AMERICA INC
		
	By:	 	/s/ Herbert S. Vogel
	Name	 	Herbert S. Vogel
	Title	 	COO

  
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 Schedule 5.4 
 ISO Interface Responsibilities 
 BP will serve as the
Principal Account Holder within the NYISO and PJM control area on behalf of IDT pursuant to this Agreement. In the capacity of these roles for IDT, BP will be responsible for the following ISO/RTO activities:

 ISO/RTO Communications 
  

	i.	Maintain facilities and personnel required to coordinate operations with the ISO. 

 

	ii.	Serve as the sole authorized communicator with the ISO for bidding, scheduling, tagging and settling transactions related to IDT’s load obligations.

  

	iii.	Serve as the Authorized Security Administrator (CAM) to access the NYISO MIS and PJM eSuite applications on
behalf of IDT’s load. 

  

	iv.	Comply with the ISO directive (under an emergency condition or otherwise) that may require BP to modify an IDT schedule. 

Credit and Settlements 
  

	i.	Maintain sufficient credit with the ISO to transact on IDT’s behalf. 

  

	ii.	Timely payment of bona fide ISO invoices applicable to transactions conducted for IDT’s account. 

 

	iii.	Submission of invoices to IDT for all ISO settlement charges, accounting adjustments or resettlements, and credits related to IDT’s load transactions and
obligations, including but not limited to energy, ancillary services, installed Capacity, auction revenue rights, and load related charges, make-whole payments assigned to loads for reliability services, day-ahead market purposes and other such
charges. 

  

	iv.	Submission of invoices to IDT regarding any resettlement of transactions related to IDT’s load obligation pursuant to this Agreement, BP reserves the right to
pass-through the rebilled charges and/or credits to IDT. 

  

	v.	The NYISO settlement system does not allow for multiple settlement accounts associated with a single legal entity. As such, for any settlement charge types that
are not reported to BP by the NYISO at IDT’s Load Asset ID or can not be directly attributed to IDT’s load obligation, BP will pass-through to IDT in a relatively proportionate to IDT’s load obligation. Similarly, BP
shall pass any credit through to IDT in a relatively proportionate amount to IDT’s load obligation. 

  

	vi.	The PJM eSuite system does have separate participant accounts, such that all charges and credits that are directly attributed to IDT’s activity is passed thru to
IDT. 

  

	vii.	If BP receives the ISO short pay due to a market participant default in the ISO in which BP has established stand alone settlement accounts for IDT’s transaction,
BP will completely pass through the same ISO short pay to IDT in accordance with the relevant tariff or ISO rules and procedures. If BP is made whole by the ISO at some future date, then BP will completely pass through the same make whole amount.
The exception to this is in reference to NYISO where a stand alone settlement account will not be utilized. If the NYISO is to short pay BP on an invoice, BP will use commercially reasonable means to mimic the same short pay methodology used by the
ISO for IDT’s transactions. 

  

	viii.	File, but not necessarily initiate, all commercially reasonable billing disputes with the ISO on IDT’s behalf. 

  
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 Regulatory 
  

	i.	IDT is responsible for its own regulatory or legislative monitoring, participation and advocacy to protect its interests. For clarification, BP is not responsible for
communicating any regulatory, market rule, tariff change, NERC issues and standards, or RTO ISO stakeholder meetings or other such committee and working group information to IDT. IDT remains responsible for its own regulatory advocacy and
interpretation. 

  

	ii.	Nothing herein shall limit IDT’s rights to participate as a Market Participant in the ISO/RTO or NERC meeting or any regulatory proceeding to protect its
interests. For clarification, if BP participates in the ISO/RTO or NERC meeting or regulatory meeting, BP shall vote independently to protect its interests without any obligation to coordinate its vote with IDT or its Affiliates.

  

	iii.	IDT will be responsible for any required state, federal or regional reports applicable to its licenses and business interests. For clarification, nothing herein shall
obligate BP, as scheduling entity, to prepare or submit any regulatory or governmental reports including, but not limited to, IDT’s FERC Electronic Quarterly Reporting (EQR), ERCOT PUCT transactions report, or IDT’s Renewable Energy Credit
(REC) reports. 

 IDT, as the Load-Serving Entity underneath a BP ISO Account ID, will be responsible for the following
activities: 
  

	i.	Provide timely load forecast data, demand bids, virtual transactions, bilateral transactions, energy schedules, Capacity requirements, auction revenue right nominations
and bilateral ancillary service transactions with a third party and other such data requirements to BP so that BP is able to meet the ISO’s applicable day-ahead and real-time scheduling deadlines. 

 

	ii.	Maintain the appropriate state licensing requirement as a Retail Energy Provider (REP) or Load-Serving Entity serving retail customers within each of the states in
which BP is providing wholesale power to IDT and is acting as the scheduling agent. 

  

	iii.	Remain responsible for reporting IDT’s meter data to the lSO/RTOs either through its own operations or via agreements with the other entities.

  

	iv.	Advanced coordination with BP will be required if IDT has a desire to participate in any of the ISO’s FTR, CRR, ARR or TCR auctions. BP will need to
ensure the proper amount of credit has been posted with the respective ISO and the appropriate security rights have been granted to BP as the Scheduling Agent for IDT. 

 

	v.	Prior to enrolling any load into the ISO Demand Response type program or enlisting a Demand Resource in an ICAP or RA auction, IDT will coordinate with BP to
ensure the proper metering and dispatch communication equipment is in place for BP to be compliant with the ISO’s technical requirements of the programs. 

 

	vi.	IDT will timely respond to any data requests or reporting obligations directed to BP from the ISO, NERC or NERC Regional Entity, that is related to IDT’s load
transactions, such as system planning studies, forecasted peak demand, or audit inquires and other necessary information.Second Amendment to the Preferred Supplier Agreement

 Exhibit 10.12 
 Second Amendment to Preferred Supplier Agreement 
 This Second Amendment to
Preferred Supplier Agreement (“Second Amendment”) is entered into and effective this 1st day of October, 2010. 

Whereas, BP Energy Company, a Delaware corporation (“BP”), BP Corporation North America Inc., an Indiana corporation,
(“BPCNA” and together with BP, the “BP Parties”), and IDT Energy, Inc., a Delaware corporation (“IDT”) entered into that certain Preferred Supplier Agreement dated and effective June 29, 2009 (the “Preferred
Supplier Agreement”), as amended by that First Amendment dated January 20, 2010 (the Preferred Supplier Agreement and the First Amendment together with this Second Amendment, the “Agreement”). 

Now Therefore, the BP Parties and IDT agree that, upon execution of this Second Amendment by both Parties, the Agreement will be amended
as provided below. 
  

	1.	Section 1.1 Definitions 

 The defined term “Planned Expiration Date” is deleted in its entirety and replaced with the following: 
 “Planned Expiration Date” means June 30, 2014 or such later date upon renewal of the Planned Term in accordance with Section 12.1.” 

 

	2.	Section 3.3 shall be amended by replacing the word “and” that immediately precedes subsection (c) of the definition for “Permitted Other
Transactions” with the word “or”. 

  

	3.	Section 12.1 Planned Term is deleted in its entirety and replaced with the following: 

12.1 Planned Term. Unless terminated earlier in accordance with this Agreement, this Agreement shall remain in full force and
effect beginning on the Effective Date and continue until the Planned Expiration Date (such period being the “Planned Term”); provided that this Agreement will renew automatically for a term of one (1) year following the prior
Planned Expiration Date unless a Party has provided written notice to the other Parties at least six (6) months prior to the next Planned Expiration Date that it will not renew this Agreement; provided further that this Agreement will not renew
after June 30, 2015; provided further that if this Agreement renews after June 30, 2014, the Early Termination fee specified in Section 12.2(c) shall no longer apply. The Planned Expiration Date shall not affect or excuse the
performance of either Party under any provision of this Agreement that by its terms survives such expiration. Further, this Agreement shall continue to apply to, and any such expiration of the Planned Term shall not affect or excuse the performance
by either Party under, this Agreement or any agreement between the Parties entered into pursuant hereto related to obligations which were undertaken prior to such expiration and which remain unperformed at the time of such expiration. Termination of
this Agreement pursuant to this Section 12.1 shall not affect the continued effectiveness of the EEI Agreement, the NAESB Agreement, the ISDA Agreement, and any Transactions confirmed under any of the foregoing, or the Master Netting Agreement.

  

	4.	Section 12.2(a), entitled Early Termination by IDT, is hereby amended by replacing the first sentence following the caption with the following:

 “IDT may terminate this Agreement at its election (i) for convenience upon sixty
(60) days’ prior written notice to BP, or (ii) immediately if either (A) the unsecured indebtedness of BPCNA or BP is rated either less than BBB- by S&P or less than Baa3 by Moody’s, or (B) if either NYISO or PJM

 
terminate any Transaction Documents, including, but not limited to, any Customer Registration Agreements, for a default by BP or BPCNA under such agreements or any applicable tariffs.”

  

	5.	Section 12.2(c)(i) shall be amended by (i) changing the reference to “Section 12.2(a)” in the first sentence to “Section
12.2(a)(i)”; (ii) inserting the following immediately before the clause “the non-terminating Party shall” in the first sentence: “or within five Business Day of a termination pursuant to
Section 12.2(a)(ii),”; and (iii) adding the following immediately after “(A)”: “Except to the extent the early termination is pursuant to 12.2(a)(ii)”. 

 

	6.	Section 12.2(c)(ii) is hereby amended by changing the reference to “Section 12.2(a)” to “Subpart (i) under
Section 12.2(a)”. 

  

	7.	Section 15.2 shall be amended by adding the following after the second comma in the first sentence “(unless the Early Termination is pursuant to
12.2(a)(ii), in which case, there shall be no obligation by IDT to submit any plans prior to termination)” Section 15.2 shall be further amended by adding the same language after the first comma in the second sentence.

  

	8.	Section 18.2 (d) is hereby deleted in its entirety and the remaining clauses in the Section re-alphabetized as (d) and (e). 

 

	9.	Schedule 5.4 ISO Interface Responsibilities attached to the Preferred Supplier Agreement is modified as follows: 

Clause (ii) under the Section entitled Credit and Settlements is modified by deleted the “.” and adding the
following: “, including invoices for energy, ancillary services, balancing energy, Capacity, congestion costs, uplifts and any other charge or credit issued by the ISO to BP related to the provision of ISO services for IDT.”

 Clause (iv) under the Section entitled Credit and Settlements is modified by adding the following sentence to the
end of the clause: “The resettlement of transactions is inclusive of, but not limited to, energy, Ancillary Services, installed Capacity, auction revenue rights, load related charges, and up-lift payments assigned to load for reliability
services, day-ahead market purposes and other such charges.” 
 The following are new clauses added to the end of the
Section entitled Regulatory: 
  

	 	iv.	Each party represents and warrants that they will register with NERC and/or the NERC Regional Entities as applicable. 

 

	 	v.	Nothing herein shall cause BP to be deemed a Load-Serving Entity for purposes of NERC or the NERC Regional Entities. 

 

	10.	Defined terms used herein but not defined herein shall have the meanings set forth in the Agreement. 

 

	11.	Except as set forth herein, all terms and conditions of the Agreement remain unchanged and are hereby ratified by the Parties. 

 IN WITNESS WHEREOF the Parties hereto have executed this Second Amendment as of the date first written
above. 
  

									
	IDT ENERGY, INC.	 		 	BP ENERGY COMPANY
					
	By:	 	/s/ Geoff Rochwarger	 		 	By:	 	/s/ Eddie Pinkerton
	Name:	 	Geoff Rochwarger	 		 	Name:	 	Eddie Pinkerton
	Title:	 	CEO and President	 		 	Title:	 	Director-Origination
			
		 		 	BP CORPORATION NORTH AMERICA INC
					
		 		 		 	By:	 	/s/ Randall Prescott
		 		 		 	Name:	 	Randall Prescott
		 		 		 	Title:	 	VP East Origination

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