\rersion 2,I (a)lScptemtlsr 21, 2l)07

EFET

European Federation of Energy Tradersi\nlsrol\ 0cnJeweg 99t lolJl JS Anrsrerda:r'Iel:.31l0 -sl(ll9l0I tax: +11 106,164055

[:-nrail: scgrcuriartri.cict ort

U'chnagc' \r r!\\.1'l .or'C

!aLL: l"Hl.: l'(lt-l-O!lI\C CE\ERAL ACREE)IINT \1 AS PREPARED Bl rrE r'S ]lE]IBuRst-XTR('ISI\C AI-I- R}-i\SO\.\BLf ('ART]. HOW'\'ER. EFET. THE EFE'I' }'E}IBf,RS.RllPltl:sBN t A]'tv [s A\D (]OLNS[l_ l\]',Ol"\',f,D tN l'IS pRCPARAlt()\ A\D AfpRovAI_SllAl.,l- \OT lll, l.liBl-tl On OTHIRWISE RISPO]\.,SIBI.E rOR ITS LSE A\D ,\NY l]A]lA(;ESoR t-()sslls Rust l-n\c 0t" l oF tTs us[ t\ ANl INDt!tDtAL (AsE AtiD tN 1]HATEVERJT RISDIC'|Io\.IT IS IH}:REFORE THI: RESPO\SIBILI]'Y OT E,{CH PARTY l,}'ISHI\C'fO LSETHIS (;T-\IIIAI. .{GREE\II..\1' 1'O ENST:RI THAT TTS Tf,RITS AND COND!1'IO\S AREl-li(;Ar,1,l lll\Dr\c. \'.ll"ll) -{\D HNroRCt:ABl,!: AND BosT sf,RYE l'o PRo'rEcT THU[sl)R's l-[:(;At" ,\T[R[SI. tjstiRs oti 'IHts GI:IDRAI. ACRlif,l]lt:NT ARE t-Rct:D To( ()\st l.l R}]1.8\..r\r l.u(;,rl, oPt\toNs ]lADn A]AlI"ABLE THRotiGH E!-c'l' As rvEr-l- As'I t.tR 01V\ COL\SEr_.

General Asrecment

Concerninq the Deliverv and Acceptance of Electricitv

lllt*,rctr

ha! rlg ili r{gi\rorc(l of}ic! .u

Ci r ttc€ -l

i"Iabhre|iation 0f r1a el"i

arid

qe:y*pt Aq4C9 o,vr srl

-

tlxlou Pofrbru l7X .*4I'ra\ ing ils r.gistcrcd etlicc ri

,iA.6 Ni"l,hhrct'iatiofi tf ontel"I

1r(.1!'ncd tr).i{x (l} !,, tL. "Panic!" and individually as a "Plr!")

cntur't'd into on 3\ ct, lcl+ {lh. "l-ffective Datt"l.

|lrl sion 2,1{a) Copt.illht ta ,007 br.' Europtan l'cdcration of Encrgl 'l ndtrs

.I'ABLE OF CONTENTS

l. l)cliIilionr-....-. ,.',...-.''.,.,..,........'.... jl- lnu.,I]risicncies.i ln lcrfr,i lJt i,rtl . .. '. '.,,......,..,

ilxpiraLlorr nare allU:O Day rerminalion Nolice..... .....-.-. .. ...-..., , "" " " " 'q

Delirririor ol Matcriul Reasofl .....-.,...-.......... -- -_ - '!

I:4.

1.

( (xllinrulrallrs- .. ..

PNrnium l'or rhr Opriur...............h,!erdse of Oplien ind Dr.'adlittt...-................

s

......'...... -,'.,....,...--..6

g I Sir:pcl.ion of l)clircry ... .......

-1. lr4casurcm.'nr iif Elcctricily Dcliverir's and Rt'ccipts'....... .....-. .'..' .., .." ..'..'-"" '.' 1

:- Doqum!*tati.1n rrf Acrr,ral beliveries and Reccipts.... .......'.. - "" " - -'"-'7

1

2. Rcll'nsc ltonr Drli\cl-\ x d A.otpmnce Oblilotions ...---- - - .. :.-1. \oriti.alion arld luiligllioll ol ljo.cc Majcutc4. litle-:tsofIorce:\roj;orconorh.rPan).-.....-.-..........-.-.. - "" '-'""""" 7

t.:.L

-i.

s{ llI.

(al!Lrlntion ol th. -Irrnti[illk,r Amotilll... ... ..............- t I

l

Copr-,right O ,007 by EuroP0ln !cdcration of ll[ergi I r{ders\ t'rsion :.lta)

.1, ( o|sequcntial D.rmagc and [,imiution of t.iubiliry ....,,... ....,.......,........,...,....-.......1:4. lnt.ntio[ul De,iu11,ljrand lrnd flndmrnt{l Ri9hrs......... ....................................... i:

I l'$\nr(nl\crtrrrg.... ........................ ,......,...'...,.'..,.'.'..'..'..'. l:

-1. Scllcr's aud lJuyer's lal Obligurion.. .........................,........ l4

I I5l^loaliog I'ric.s und fallback Placcdure lbr Mrrkcl Dismption............,-,......, ..,,.....-..... l6

I - Calcrllalion ot Floatirg Coll.Jcr I'riccs..,..---............ --.......... ...........-.,..............-..... 16

\ lJ \ \ I rrid l:r\c\ . .. . ,,,.,'..-...''.1]

.,.'.,',.'...,.,.'.'.,'.1li

I ltohit'irr(,l1.......

,,I I

,1 hr\r'rl]ru irnd l.ynrcur ofScheduled (lontrnct Quantilics...... ......,.......................... l:

3

Coptright ,O 20{17 b! Eurogean tcdcrrtitn ol fnergr 'l r.dcrs

;. Righl lo llL\uire P!'rlbmlanc!' As\urancc-..-...........-...-,.

{ lt{ lro!ision ol [inrn.iiti Statemerls snd langible Nc{ wo*h... ..... ........... .. ..,,... ........ 20

\ ar!al)n l",ln )

( l-i !lisccllaneoLrs...

i. RrvordilgIr.lephonc('on\.rialirus..I \(,trJt: Jnd ( utllrnut]taJltuth . ..

Pxfliri h\ alidil)

t\\t:x I olH\El)taR]ls,\\\ li\ .:.{ . (I)\ FtR}|AIl():\ 0t' t\t tvu}l.\t". c(}\'t RACT (Hx[D pRlc[:)

.1\ \ L\ lR - ( o\r't R\lA1t0t( or t\DlvtDt At. ('0\TRACT (Fl_o4' N(; pRtcE)

.,\,\\t.\ t( - ('(_|NI.IRM,\'t l()\ Otl t\ Dt VTDLAL Co\TRACT (CALl, Op',n0N)

.1\ \ l:\ :1) - (-()\FlRll.:!,IlO\ Of laDlvl DL,{L CO\TRA( f (PL]T OPI'I(}\}

!;r-!:( t r()\ sHa:L I .f() I-n*: (;ulERAL AGRULIIEt\T

l'{l{J l: ("l.Sl-Ol\1lsn'llo\ 01. f lt0vlSIONS IN ll{[ (iLNliRAl. ICRLI-MINI'

l'ARl ll: ADI)lllo\AL l'Ro\.lsl0\S f() IHll Ct:N[RAt- ACRLLMI:Nl'

.1.

5. a hird t'xnl Riglrt!...

.. .. ..:3

:"]

I

CopJright Cr 2U)7 by turopc{n Fedtrstion of Encrkr Tradel$\ errion 2.11{)

$lSubied of Auret'menl

l. Subj0ct of Agreemort: Ihis Gclcrtrl Agrccmcnt l$hich includes its Anncte,s and thc !,|$:lio shcdl"Elcctia[ Shcct")) govgnr: all lmnsxctio'ls rhc paflics slrall cnt.,r inro iirr th! purchasc, salc. dclitcry anrlac(.ptitoe( ot- !'lectdtil!. incllrding Opliants ol tlte prrlchirsr-. salc, dclivcry lrd iiccqlunce of ele4riciry'tc.ochsucit lranslclion bci[g an "lndividlrl ( ontrrci"]. All lndi\'idual ( onrncts and llrii (icncrxl Agrce'muirr shallli'rrr ir rilglc xgrcumcnr bcr\rccn rhc I'ortics (coilcctivcl,v- rcfcncd toas rl1f "Agrcclrert"r. [hJ prori,iions ollhir (ienergl ,{g('crnc{l uonslilute ar inlrgrJl [r.yr.rt'!.ach Indiridml (onrrict.

2, Prc-l:rl$tirg Contra(tsi lf .{ I.: is sr.r{cilisd as aprrl!ins i'l (lre lllccti\rfl silc!'r. c0(h rli]rlsiic!ionlTclrrcgtt thc PLrrtios rcgarrlittg Ihe puaahesq. salc. delilcry unI occcpror.e ol

"le('trii.ity. iniluding Optiols orr

ru,:h rra:r:iilctiolrs. crrtcrcd intrr b!'LlrL tlrc EIIL'.ri!!' l)arc bul uhich rcmai, cithcr not ;-_et tirllf (1r ptniall)p.'rlbnn.d b) o[e or t'orh l,nnjcs. is d..emcd lo be alr hrdi\idnrl Conrmq undcr rllr. Agrremenr.

$2Deliniiions lnd Construction

l. Definitionsr larnr. u:ad it rhc Agrccm!-nt sholl ha!. rtrc mcilnings sel oltr i! Anncx I,

2. lncon$inlon(icsi ln lllc e\cm o[an] irlcorsistcrcy betwt'rn lhc Froriliotls oi lh.: lilection Shcct andIhr (,!lier F!ro\ i!ir)ti ol thii Cdlcrtl Agtcement. rhc ttlcction Sheet shall pr$ail- ln thc crenr of anrrnciurirrency hal$aa0 llN lar s ol alr lndividual ( urt|acl {whether clrdrnccd in 0 ('oninnalion or b} olhcrtrlrnr)i) 2od lh. frro\ isiou: ol tlris (lrneral Agrclrnlcnt (ilrcludiig its [ilc(rior1 Sheci). the lems el llrc l.di\idual( or)$ .t sil:lll pretail lbr lllc furposcs r,f rl1lrt lndividlLill ('$rraci.

.3, lolerprefstioni li!:rdiug\ ,rrd litlcs arc lbr conl'cnictrc. o[ly and do rrot Lrflcct th. intcrprctitrion of thc

.{ $carlrcn t.

.1. llcler0occr to'Iimt: Rcitrenles nr rime shall hc ro Central l.u.upear Tinlu (CL-l ) or rs !&gil]!!Li.!thc Ll('ctiorr Shccr.

$3Conctudios and Coltfi rminq lndividual Cortr{cts

l. ('{, clusion of lndiridurl (irntracts: l.:nl!',it orhcrlri\. !gn'.d t{-l\-\'ci-n (hc Pini.s, lftli$dual( (,rrrrar.t\ ntl! bi: cr,:rclrrdrd ir ijlr\' lilrl1 ol con:municalaon (\r.hathcr omll! or olhcnlise).nd shal) aL lcgallyhllrLling an{, ellii.Jrc"'}hl.- tioln ihe i;rtre tlt!. t!'rrns ofsuch Individull (inllr:rct xrc conchdad.

2, ( oolirirstions: ln lhc c\cnt tltat an lndiridual ( onrmct is nol concllded in w.rrtcn forrn. horh Punicsihllll b{ ,iL'c 1,1 .o[t'i:r!r, or hr\!'.onllnncd. in rvriting thr,'ir undcsrdnding ol rlrr. aglr!'d terms ofthc llldirrdual( r' tra.r (rn.h sueh trnlrcrr cor,iflnatjon constituting a ,Conlirmetion'') A wrillcn ( trllirm tioo Jhrll nolcollsli(utr ir rr'q!ircrl!'nl lin n logelly ralid lrdi\'idual ConlrB.r. A Colll.rnltioo sholl contlin th. irl'ornrutionslipulal.d iri. nrtd {hall hc sut stantirll.,- in tho fbrnr ol, thc applioahlc roltirmution slrest lionr amo g lhoscrtlnchcil t() this ( ien!'r!l Agr(cln!'it as An[L'r 2 a - d.

"1. Objecrions ro ConfirmalioDt: Without preiudiee (.! rhe provitions ol N l.:. ii a l,an1 rcccirc, I( onfitnulion. it rihrll promf{i-r rcricw tltc terms olsuch Conlirmution aucl if lhc! dillir tiorr irs u dcrsta[di[goflhc l.mx ol lhe applicrhlo InJilidurl (\nn.acl notily lh{j otli$ l,urly olany in.'olrrirlcrrcy \vilhout dclx, Ifhoth Pilnic\ scnd x ('ont'inn:ltio1l *ilhoul dclat and lheir terms contradicr^ lh(,n each such ( onfimratidt shollhr decn*d tr, hc I nuli!! ofohiccli,nl to tha tcrmt olllrc olhcr pany's Conlimrulion.

.1. {ltloriscd Pr.!on$: lf i :-1.{ is sn.\:illccl as nrrolvlna lo i ltanv itr tlrc L]c(1itnr Shlct. lndi\idu l($tttt':tc11 11131 h!' nctotral$!,. couilrncd and signcd on bchnll'{}lthat l'any exclusilely b:- thoic persons [isledi'! ir lirr lir,rh punlor('s ll\ rnur be rpcciticd in all A[ncs to thii Gaoeral Agr.lment. l]:i](h parl] tfla]Llnilxi(iiiii'! rr,'tcttd and iupplcrrl![t rrr \r'rtirlg thc list ol p(.rsons aurrcnth lllthon\cd ro icl on its bahnlf!t an,!linN. Su(h:i,Ia)trlllcr)ri iud s!pflalnents :ihall bccoolc tlkctiv. upolt thcir r$cipt b) the othcr P,rny.

i

(lopvright O 200? b! l;uropean Fcdcration of [ntrg! '[rad(rs\ trrion 2,!(r)

$4Priman Oblisaaions l'or Delivery alld Ace€piaocc of Electricitv

l. Dclirert lrnd Acc(ptrn.ri ln rccordance with cach lrdiridualfontract. thc'Seller shall Schedllc. sellrrcl delircr. rir curLsc to bc deli!"'ri'J. ard rhe lluy.r:,hall Schr'dulc. purchase itnd scc.pt. ot.cxuse ro bei..!c[lt.il. rhL. (i)ntrur:r Qu itit\ at {hr D(livqr\ Poinl: rd lhe lluycr slroll pi!}- to rh. Scllc. rh!' relcr.nr('1)l]trnrt PrIae.

!- Dellnidon of Srh{dule: "Schcdule" lhall trlcan, xs applicahle. rosc a.ri(l1s [r.cssary Ib. a Pa[y toill.rcr rti rrsfrtri\r. delilery o! !s.cpuice obiigarions. rvhiclr ma_"- incllldD nonrin:lting. schedulillg, !]otiDingrequc\lins urd cort'il]ning wilh tho othcr Itarr!. their raspccti\a desigrlalad lgants arld nulhuisedllfrcs.il{0iircs. and th{ Ncl.*$rk Opcrito( as applicable. rhc Contracl Quanlil}, Conlacr ('apacirv- Dclirc-rvIrrrilrI. l)clircn S,,hcdulc. fornl SLrpply Perio<|. ,lnd irny othcr rL.lrl\ana t.rrN ol the lndividu.l (o trilc{ irit.(ord]ncr u'irh oil applieabic nlle( ol the Net\r'ork Opurltor and otller cusiomii.v inrlustr-r practircs andlltocc{Jur0t,

s5Primarl Ohliqatlons for Options

L Drli\cr!'rnd Accopuncc Pu.ru{.lt i(, {n Optian: Wltr an htdividual Contract prolid.s ti)r llr.pur',;hasr antl rslr r:l a phrsioal option lt bul- ckctri.ily (tr 'Crll Optto[") or to scll clc(rici!)- (!l "Pul()ption'i r,rlch. in: "Opli{rn i, rhc iellcr ollhc Option (tll!'"Writer")

-rr,tnts lo th. f{rchas.r ol'thc Oprion (lhc''llold{,r"ilh. nghl. lrrt no! r,rJ ohliSalion. hy complying *irh cenaiu designatcd procedursi d*icribcd bclo*iri ihrs .. i. L. .iiquire .aih llirrtr i.r nu.'e"t ils tcspectilc obli8atiors lndcr S ,{.1 ,br lhc dclivery and i|cctpt.lnL'.ol ai..triritt in :rccofLjalla!'1\'i(lr that respeLti\'! lfldivrdual Conrrna!.

2. Prcmi![r for thc Option] 11rr'ltoldcr shall pii] th!' Writcr rhc Prcrnium k]r lhe Oplion qr or btl'orclh!' Irrcoiurn Pulnrerr !)ilre iand il n! Prcririum Paymcnt Dala is desigrratcd ir lho Erlns of thc lndi\idual( o0trarl. \urlr ttr'rnirnr shall bo duc rnd payable or lh!'frlih (-(lh) thsincss Day tirllo[ing thc dly" on !\l1ichlht Panic\ .m.r.d inlo rhs l,rdividiral Ionrracr), ll'rhe f]ption is l.xercised, i{voicing and pa}menl of rhc(i)rl!rij.f l)ricr lbr rhc ( (lr!nr.r (Jrunrir:/ rhall be in accorddncc \rirh I I:l rrroi.r'q und Palrncnt) \\\le\s

--1, Lr(rrisc ofOptio{.nd Deadlin€: Ihc llolderolrn Option rnny cxcrrisr: irt rightJ urdcr tir{: (.)fli*r1

{in accorl^,n.c rt irl .. :.1 t,\tni{ oJ l*e(ise)) by giving lhe Wdlcr in'\ r'cable nolicc ol' iuch E\!'rcis. d ringlh. I:xeruh. Pcriod. L,nloJs orhcNise $grced. il'. in r,ispcct o[a! Indilidual ('ontract no [xcllisc Deadlil1r is

splriiiicd irr rcsp0ct ofan ()prio[. rhc t](crlisc Dcadlinc shall bc l0:00 afl C[-:[.

4. \otice of Llr.cisc: l.ch naliro of llercisc rhirll bc eileclilr upourcceiptb! thc Wril('r and or.t. !.gi\crt :tl wiitinc or \crballv- prorirlcd thut [.xcrcise may lrol be ellected by c-rnail and verbal Exerrisc mity_ rrot

bd fl'il.lc(l hy ,.',J!irg r m|J!\x8! olt lr !oicr mail or sirnilar t'crbs, clcelronic rrclsaging syslcm. In lhe qasc ol'rlrbrl Lrr.r'r'cirr:. rhr ltold.r slull frotnplh rurfimr the E\!'rcisc in writing lirrcluding wilhoul limitali{)n b}-,

txr\inliii'). j!i^i(lcd tlar :uch rrrirtcn r;onfirmaraon il' ool it prcrcquirir!- itr thc \aliJit) ofvcrbal h\.crcije.

$6Dclirerr. Measuromeot. Trsnsmission !nd Risk

I. ( urr.nt/l.rcqucnc)/\'olt.ger: Llectririll shall '^L

dcli';crc'd rn thc cltrrcnt, ticqulrlcy ilnd lollagenplli.nhl. ar $,j l!lc\ inl l)eli\ery l,oirlr ugrced in til{ ltrdi!idilal ( ontract xnd in recordsncc \\ilh tltc standt|ds,tl !he \.t\rJ.k Oprraior rt.itxlnsihl(' tor thr Dclivery Poinl.

2. l)(llirrri s.hrdulcs: Lkcrfl.it]'shall bc dclircrerl accordu)g ro rhlj Delivcry Sclr.'dults spc.illc'd ir(ir.h Indr\ i(hrii] ( r\tincl.

3. I ror$fer of Rights of fitk: l)elitery:'hall bc etl'ecred b! rtlakirg u\,dilabl!'$r (ortract (luantit!-atlhc Ltvllrucr (apotiry at rh. l)cli\.r] foinr. l)clilsD and rcccipt of rlic (ixllrdct Qucnlil!. rlld tllc lrxnst.rliorll Scllcr !o lrl]er oiall riglrrs lo rirle frec rnd,.'lcur ofrlrv adve(rc claims thrrcto. iholl trkr pla.e at thtl)elircrv Pcint

Copfright c 1007 bf Europfrn Fedcretion of r-nergt -froders\.rsion 2,1(x)

4. .Il(asurcmcnt of Cltttrici*- Deliveries rnd Receipts: lach pafl), is reslonstblc tbr cnsu,lu lharcl!.t.icii\ drlivcri.i and rcccipt\ nre mcasurcd or vcril'icd by nlcrns rhai can b; &,aso,ably e\idr1!;d inlr.!rda[(-(,\ri!h rh.'N.tu]o* ()pc!-Jlor's proccdurcs gorr,minq thc rel!,!.ant I)elivery l,oiut.

S. Docurnentstion of Acturl Delircrlcl and Rareipts: t,rpoI rcasonable rcqucst. a l,rrry shxll:

(11) tru\r(lc ro tll. olllcr I'trt)- docolnent0tion illirs posscssiol Qr courml lhot e\idenccs Sch(d lcs.qrurrtitici, dclilcric: and rcc!'ipls oi clcctricity for thc purposes oi dclennining lhc caujc o!-rn\ dc'\ ialidrls '5ctir(\ll th!'lcmrs ofa[ lndilidtul ( ontracl and aclual dcliterias ard reaciptsor'!'hcrririty. lnd

(h) ust it; rlasonitblc ancl diligcnr efforls to rcqucit lhd ncqui(' lh>m tlrc Ncl*urk Opcmr,tr. andshull shrlre with lh! requ!'stirlg Part\, .uy addilional &xunrr'ntation ncccssan to rcrt|tcilr'inconsistcnuies hrtrrcen Schcdulcd nnd actual llorvs of a'lcclaicrtv.

6. Reifil)trrs( cnt of Sl\tcrtal { ortsi ht thc cvr:trl i Pany. at the rcqucst ot thc orher pialy or lo resol\ulr JllJrotc aili\cd br ihc othrr la(v. locun reasonablc !'ria('mai cxpcnsei in rcriliirrg tltLrt lhe dhcr lilrty ltu\,irrlld i., frr)P.tl! P'jrli)rnr ils ohligati{rs under thc lcnns ofar lndil'iduitl ( otltnlct. suclt expenses sh:rll bcrcilnbL]lt(d !po{ dr'ola0d b! thc Ptn} &at failed to pld'omr.

7. St'llcr.nd llulcr Risk$: Scllcr shull bearall risks issocialed uith. and shall bc rcsponribl.. llr an)-costs or {hilrgcs imtn)\cd o* u l\sociarcd \,ilh Scheduling. lnrNmissi(r and dclir.ry ol-lhc aonrra.l Qu0iilit}ul to !lr. Dtlilcr) Poinl- Buter shall btrr rll ririrs associaterl with. and shull bc rclponiiblc lbr any eosrs orchurtcr iotpo*_d rirt r.)r astocirtcd wilh alccplonce and tra srnission oL re (l)ntritct Q!.antity nt a[d tiom dlcDclrrtr'"_ Ponrt.

$7\(,o-Performancc Due to Force llaieure

l. l)ofi[ition of liortt llajeurc: ljltlcs! orh('nvisc sDeciticd i !hL'l]lcctiorl Sllccl. ti]r purlolcs dl rhcAgracrncrrr "t orac llaj.'rrac" nrlns an occurcnce bcyond thr rcosoflable cohtrol L* fhc lra(! clainring lirra(IUatcuic irhc "(llrinrihg PaflJ'') uhi.h il .ould noi rcasonabl-v hav!'avoided or .tvercome and which mah.r i(irnp.)r:iblt li)r rilr ( lairni -! I,Jrry to perti,rm ils dellr'ry or acceptance obligationr. rncluding. but wirhrulIintrrrrr,,n.,li,i :r'.'nq'.,r nr.rrt of Ihc thlh'*in['

(.t I lhc ti ilur. of ronlmuriications or cornputer systeors rrf the reler a t \et$oak Oferiltorls, $hichI1l.\ cn L\ th. ('laifiins Pnrly li1)fi Frformiug ils ohligarions of deli!-cr' or accepranc.': or

(b) lhl rele\anr \ct$'ork Oper lor's suspcrtsion ol deliYcry or accclMtle or ils disrcg0rd ol_ lheClirirring Pany s irbligation\ $ilh regird ro Sshcduling urd{r rlr.'llldivirlual Conrracr.

2. Relcasc l-rom llelilrrl dnd Acceptance ()bllg.tirr[s: [fa Parl) is tilll] or poflly pr!.lcnrcd dre tol:ot'ct' Vitjcurr' liorn pcrlbmlilg ils obligalions ol'dclirery or acceptancc uftlcr oni,' r)r morc lndilidual(irn.ralts irr(i such Pan) .omplics r*irh lhc rcquirouenrs ol \ 1,] {:iotification orr.l ,Vitigarion .tf horce.ilqtelrtl. [o brcrtlt <,. dlriiu,t o thr pan of rh.'( lairling Pa(y slull bc dr(n]id ro ha\c occurrc'd ilnd ir shallh0 r*l$sud (ar'rd {or r:rsrelv suspend.il} tronr those obligationi lbr the p.riod oatime and to the .\tdtrt l.t such

k, Ilttircr ar l .|c&lt ) lyill nc.rur. rr) rli('Claiming Pa$y *ilh rc\pLrt to rhose quillilics not dcli\.('r..d orrclcir('d.

.3. \otificltion and \titigation of lbrce Ylajeurei 1hc ( laining Pan\ lhall Js soon ,s pi&ctical :llicrlcirnlirls i)l lh( for.c \liti!'urc !otii,! ilN olhcr Pany ol rhe contmerceolent ol'dlr' li)(r i\1:rj('urc aod. l(r thcc\lcn{ iherl ill!:lxblc. pro!idr'lo il r oon-bindjnS etlinrtc r)fth!'c\tcnt and crpcrtcd dur.t(i(nl of ils inab;lit} lop.rlilnn. I[e ( l.i!nir)g Prr!.- rhall userll conrrnercisl]): rc&sottablc etlbrts k, mitigale thceilirlsoIlllc l:r)lcr\'hiL1,re urtd \hall. during rhr cootinli(ion of the lorcc N,lrjcu.e. prov,dc lhe othcr Pan). \\irh rc:lso! thlcurLl.rtrr. !\ irdr a..l r { r\ 3iirbl(,. rrt-th. .xl('nt nnd expr'ctcd durali(nl r.rl'its inability to pcrlbnrr.

{. llffou$ .f t orec }Irijetre olt Othcr Part!,: In $e gvent, tnd () rhe e elt. a Sdlrr's d!li,,.ryoi:ligatii,tr; urc r.lcasL'd lrr lorer' Majcurc. the Buycr's correspo[diog a(ccprarc!'and pavlnent obli!:xlions

7

\ ersioI| 2.1(a) Cop)right O 2007 bl' Europe.n F(deration of Eocrg) Trrdcrr

shall ei:l hc rtlaJieJ hl the rtcnt and u lhr a\lcnr l lluver's acccprarac obligrlions :rc r!'lcrrscd bv Fr)r(cl\l.li.urf. Scllar'i (orrcsfo dint d.lirerv ohligarioni ihtll also bc rclcitrcd.

$8Rrmedits for l'ailurc to Delivcr and Acc€ot

l. l;ailurc to Dcliycr: Io the cxtr'lt that th fan) ohligcd r0 dclivcr clecrrrcitl {rhe "Delivering p.rtt,")lxil\ io J.'lr\cr lhd CllDlrx.l QulNi!\ ir $hole or in pd( in arcordalce with lhc t!'rnrs 0fan lndiridual ConrractnJ \uch llillrru is nor sreuscd b! irfi s|rnt of l.orr-c Mojeurc or lhc other panl. 's nol"pcr|,rnnancc. thc

Delirering l)l'ty slail pay rlrt txher Parry- lrh., ,',{ccrpting pi*y,,y !s comp"osxtion f;r dama6*s un rmourrt for

such qurntitv of und.liv!'rdd cl!'c[ricil] !'qrul to llre prodncl ol

lirl (h!, otroulr!. it positirr. by $lrith tllc pri... if any. ul qhich rhe Acc.pling panl acring ir acorlnlcfeiirilr r*.sonablc manncr is or would be ahle to ptrchasc or olhc$isc ltcquire in lhcnr.r[c( Lh( qlrantr!] ol u d.'livcred rlectricilv c:icceds thr Conlract lrricc: a,ld

ihi lh. qritnrih oarlndelivcrcd clcctricity.

SLrri) tttrdunL $hrli hr iocr!'irssd b) all], irarcmcntal tftntnlission 0osts nlld other rc?sonablc aod \crifiablc costsnrd..{p.ns0\ illLuff.J }y tlN Accrp(ilrg Pan} 0\ d rcsultofthe Delivcring lran}'s lilil0rc.

2. F{ilur( to :l.c(pt: l-o thc c\rc[t tha! rhe Acccpling Pa.r\ t'ails i]r whulc or in pan to nccei,t tlrc( onlrnc! Qlnntit! irr uccordaricc *ith an lndiridual (ontract rnd such failure is nol craured b] an cv..nl ol'li;rcc lulejcurc or rhe (rrh.r PJri) s ndl"pcrlonla,[c. thc Accepting Ptny shall pay rhc f)clivetilrg ll}Il].' !sc(,mpqlsaLion li)r da,rag!'s tll altlr.Junl tiI lhc quaitj[, o1'noll-lcceptcd clectriciry equal l() thc roilucl oa

t i i lhc :imourr. if potiti\ c. hy which thc ( onrmtt Pricr' r.'xcc--ds rhc pricc ar whilh llrc f)ciive rirrgPa() i5 or t\orld bc ablc lo scll thc quani{y ofnolr-acccpred t'lecrriciry ;.1 the mii.kel actin_u inir LrntrlL"rciirll! r(nconablc mannc( tad

( b) rh. qrl1!ntilv ol'rh. nou-lrcceptrd clcctrrcity.

Sirh lrnixnri :haii he rlcrctsotl b1 aflv illcrcnrant l iransmission costs alrd other rcaionirblc and vL.rifixble cosrsand trp.rirsei rncur':'rrl br lhc I).lildri'lg Panr- as a rlsult ol^lhc A{cclrring l,urty's failurc.

J. ,\nuunts F.t-!blc: \rnounrt tlut arc dLr,: according to thi5 $ ll shall bt' intoiced a d plid illx..ordnr:.r ..\ ith i l) lltvoicittg otrtl Puymet\-

$eSuspelsion of Delilerv

llr aiditr.nr l(r rir) oihc, riglrs or r.'rncdics a\Iilahl. to J Part-!- illL"'\on-tkfaulaing Parf.v"i. ihouid a Patlyirh. D{laulting Prrl!''i dutaul! on i}!r) Jrayment thlr is due under lhc r\gre*rn.nt. or should it or jts (rr'ditSrl})po( Irr'o!1dsr liril ro prrrr id.-. rcplruc or incrcasc thc amount of sny acali)rmnnae Assrrrarce rcquircr.lpw:uart 10 lhc ArrcinrL'rir nr ilr)) ( rc.lit Suppo.l Docuutcnt. tlre Non-Detdulring Pinf jh,lll bq cnlill.d. norarli!'! rh.n) ihre. (li lJuji cis Da1; otier sc'ndirg a wriltr'i norice lo Lhe Driilukilg Pan! 1.) imm.'dial!'lt carselurth:r dclirerics ir'cl!.u-iqrir {and bc rclcascd {and fiot marely suspcnded) fi,()m its und('rl]in8 dclircrJoi,iigation.r (rd!'r ril Irdi\idulrl({}nrrs.ts unlil s ch rimcas rlre Non-Dcl'a0lting l'any, ho.i r.'ccir0.l cither dre

rcqrir.J rolluterai oI lirll l],)ircnr tilcluiiing all npnlicubh d.l'ruh irttcrust ard erprnscr) o1'all outsin[(lingilrlltxrnls o\\(d t., thl] lion-Dcl'i!lltlng Pln'-

$t0l'crm and -l'ermination

Riqhas

l. -l'er l_hri (;c!ar:ll

^glucrn!'llt shallcolrra i[lo tb&r as ol rha t'-l]'tctivc t)3{c. l! In4t bc lclnlini!L!'d in

scert.d:rr)Ju rlilh eirirr't .\ lll.l \Erpitotio| Date and -10 Day Te.rnirrat iot torke) ()r \ IO.i \Tern ins,i.trt ltrtlfureriul llcatrrt, tir\ug[ \ ii!.) ilrclrrr?rr, .rf t aterial Rerrsottt.

x

Copyrigha,C 2007 by" Europesn Fcdcrotion of En(tgy frrdtrsvtrsiitn f,l{r)

2, lllpirlttion Dttc snd -10 llny l(,rmiostion i(oticei "lhis (;('nl.i1!l Agrc(nE[l will rr'nnirnlo or] tir(t.\I!iition l)alc iil rrlc i\ sp$iticd iu lhc tl('ction Shcclt or if ro l-rpintion Datc lr$s bee!1 specilied in thclrlctli()rl sltcl. b]- ri i'nny hy giring rh!. olhur llAny rhifly (:10) dats firior wrillrn noticc Lrf rcmitriuio (irl hothu:rsr'r "Ordinarr 'I crrlinaiio.l"i. ln rhc crcnt olOrdinitry lcl.lnit.tiol1. thc (;.ncrii Agrcen]rnr shall remainlcgallr hinrliilg ott tlt.' Pxrtici until. brl r,nly il rerpect r..tf. :rll rights and rrbligrrions alr.'.cd] .retled or c\istingLr.rier thc :\r:rr*ntcttr prior to tlrc dat,J ol thc Ordinary Temlilation alc t"ully pcrl-oansd by both pa ics.

3. I ormilarion firr ]latcrial Reason:

l:i )

ihl

lfa Mrterirrl Rcason (rr Llqtired bclo\y) with resp.cl to a llilrt-y hts occuned lnd is ((rnrrnrilg.lli!' l,riler Pnn! (rhe "Tcrnrinatlng Psrt).') llray_ tcnninitlc th!- Ag(*cnlenl ("f,arlvI crnfn.tion") b) gi! ing rhe orh.-r Pafly nolice. A norioe of L-arl! Icmrinilrion may bc gilcnby t(lcphonr il thilt noti(c is r(nlintled in wririrlg withiI1 rwo {2) l)usirlcss Da]-s.

A noli.? ol [arly Tr:nnination shrll slcciti thd rc]e\lnl Llrtrrisl Rqiison li]r th. lrrrl)I!'flniilitii|l1 Jlid shall rJcsigrrati,'a dt! .r\ an carlv rcrminatiul dltu ohc "trlrl) Tcrntinationlrrlc ). l1)( l:lrly T!'rnlilalion Dalc rnoy not ba carlirr than thc day thc noricc is d!'cm(d toIrlr e bc.'i rcr:tivcr.l unr|r rlre Agrer'mcnt nor latcr llron ts.(,[t].- (2{)) du).s aficr such dil}. wilhelli'cr li:dn llr!' !-urly Jcrrri[atiorl Datr. all finhc. pa-vrnr-'nri and pcri_ornalrc!' in rcsnecr ofxllIttrlrt'irlLr;tl ('ontructs tiull he rclerrcd (nod not mcrcl! susp.ld.dl und erirting dLrtir.s anel

ohlrgrtrurrr nithc l'ertics rhall bu rcplaced by thc obligation ol one Ptn\ to pry rlamrgcs lirrrton-lirliilnrcnt to thc olhcr t'nr(y in o lrmounL (i1'0ny) calcul.[d in uc.ordancr $iih rs ll.lr lha'1'(rmiratior Amount").

iL, lt rlor:.c de\iElati[g rn Larlv Icrfirlal]on Datc is given. th. Larly T(riinati l l)ale thall,rciuI orr thr' ri:uc so designatcd r'rcn if thc applicable ll'lalcrial R!.rson is no longcr lontinurng.On. or rrs rioiri as prr{ricuh['uier rhe F]0rly frlmitlutiii0 l)atc. rllt'frnninntinq P0r'ly shi]llaalci.ila!. rn a conrnr.'rri[ll! rcason8bk mnnnca ,td shall otity thc orhr,'r Pany ol- tlrc'ILnnin:rtion Amounr {il ary) !o be recei!(d or paid by il dcri\inB fiom aggtcgtting irllSalrlcorant {rnourlls rs sriFularljd in \ I I l(qlct luioh trt lhe Tcrrninalion Amounr\.

{J) I hc Itrmrnarior Arnoulr sllall bc paylhle by thc rclrvirnt lltrt} ro thc oth.r partv !r ilhir llrr.cilr llosjnrsJ Days ofirs noliticirlion b) Lhc Tcrmirlatilr8 Pany.

{r) lhu'lenrrinating I'xny may laks irrtu accoLrnt anJ- Pl}rl'ornlrmc i\ssoait0ce or c.t'dit suppottriailirblc purs!:rrtt to th!' Agrcemcnl or ar) Crcdil Suppon Ddcunrent.

i t) I hc risht r(, dcsi8,r3r.' J[ [.rly 'fcrmindriun Dalc undcr tlrir \ )0.7 \Tertnin.tliorl lor ,varetial/?/rr,\rrr) is in additiorl t(r an-v_ othct rfmedrcs availoblrl undcr *rc Agteement or itl lit\r,

4. lrkrnratic l(rnri[lrion: ll "Automslic-l'ermillatior" it srecilled as dnrrl!iI1! lo iI Part\ ir lh.l-ii!li(u Shcci. rlJ {iilon th( ori:ul1crltc ol' a Malcriul Rclson dcscribcd in \ I0.5(0} ( rrra.,lirry-ulr/hrsolv c!,1. lrttchrrr?rrtr. rhc T'cmlrialing PBny nccd Dol iicnd thar Pun) aa-,' notic('ofrhe dcsignation ,.rf atr

I:iu15 lcrmrnirLioi L)aLc nnd {h!'finr,! l{rminarior l)otc io sll.h !'vcnt sh.rll h.'as socciiicd irr tlrr: Llectil:tlljlsg. tr\rcpr ai prt'riilcd in !hi\ \ lt.J. [arlv Ierminaaion by vinue ol opcr.rtir.rr of Aulom0tic l-!'rorinaliorit!.ll b( ;1\ i1.or id.d fi ; ll).7 iTt:.rxinatiort .lbt Mdtetiol Reusorr\.

5. Defiaition ol tl'it(rirl Rersoni fhe Agrecml'nt nrav bc temrinar*d al any lifirc lbr one or rrrorc of th.lelio$ins rrasrjrrs tcach. r "Mxtcrlal Reason"):

{ii) }on Pcrtormltllcc: 1lrc liihrre ofa Pany ol its Crcdir Suppon Pro\idcr. \!h.n rcqlrired. lornnkr J pcyll1.1rt. lr) dcli\cr an) l'erlornunce Assumncc or o perlonn a ) oth!'r mnt!'rrillohligation aorlrcr thiin ut!-n such obligaliorr is rclcas!'d pu.suirnl Lt \ 1 l)ion-Pe{ororan.elrr/d kt |oft'e Mujearyj\:

ii) urdL'. rhc :\gl.-cmc!1l: pror ided. thirt in thc uas!' of n l'ailLr[' lo pay. surh |ililure is nolalrcd \vilhin t\{,() (2) llusincss D:ys ola ri ritten dernand. or. ilt the ciltc of!n! otherfailure of pt'rfcrnnancc. such t-ail rc is rrot currd t\ithin tct (l()) llusinrss Dry\ oia$ ritt!'n dernar)d:

9

Cop}-right'-e 200? b].- !:uropcsn r?dcration of Energl l-radcrr\ clsion 2.1{n )

(ii) und.r ant Crcdit Supporl Docuftc[l (ati!'r tiving rfti'cr lo an! applicrbtc noticc orgruca feriod llr{rcundL'r)l or

(11ii ud!'r ilnt lrertbmlalncc Asi rrillca ilt accordancc *irh i I7 lPlrfor arrce.,lsttoan..e\.

(h) CroJs Delrult and A(cllcrotiont @

lii xt1! p:ltrnL,,n d.liurlt olrder any Spccified lndehlL'dress with alt ilggtcgirlc oulsltrtilirtgprincipul bllanrc cqual to rhrue p.'rcenr (Jlc) ol the'lrqliblr Net Worrh ofluch (*r)Parl!'s. o. lblrl such l'rrl,ly's Credir Suppol1 novrdcr (if such P{r!r hts i} ('rcditS!.lf1o l'rolidcr) or {rc, such Pxflv s ('onrnrllirrg FInl (ifsuch l,rl1.r.dous rot ha\ci ( r.dii Sufpon I'rr)\id.r hllt hr\ 0 ('onrrolling Prnyl. as thc eas. rirav bt. as ol lhc&!t!' ol'thc delault. or

(il lh,l lnilurr't)t,I I'al1]' ()r its ( rudit Supporl lrrorid.'r or ( o0tfu)lling l)itnt ro rlic oucDr r\-rrc pirvmtllls in un aggrrAate 0nrolrnr (indi\idunlll-- or coll..ti\!'l) I of nor lcss:hirn iltc

-lhrcshold Ameurtl speiJilicd in rhe [:l.ction Shcct tbr thal l,rt'ly !u).lcr ruth

ir!:raeri!'rrts or insln:nrrrrts cntr-rr'rl into bct\r'cr'rr ruch Partias or rhL'ir -{l}lliat.s {rliergir in{ rl1!'ct trr .rnv applisablc noricc rcqu ement or gnc. p!'riod)

(cr \1 indirlg-u p/l nsoh cr$ lAtlachmenl: A Pa{} or its Cla\lit Snppon Pr(\idsr:

(it

I ii)

r iii)

i. iliol\cJ ()ih!'r lhan pursuant ro ir .orsolid.lion. ilnulgtmlliL'n or nlcr.ltcr):

ir,.:,,'onres ilsolvent or is unabla to pa) its dcbls or filils or admils irr rvlrting itri abilit) r.tcrrcralh'to pa!'iis d.brs us tlrey hecom{,du.l

r)i3kas :i gcoaral nsiiixrmLllt. arrargcnrr'rt or aonrpoijtilnl r-rith or tilr thr hclrclit ol'its.rcdttol\:

ii)

t i\ ) insritr:e\ o. hii\ inslirurcd againsr it a proceeriiu.,u ii'eling a iudgtnr.'m 01 in$l\ rncyol hanlinrplut or on!'olher r!'li!f ur cr any harkatlptcy or insoh'cn[! larv or othrYsirilar lirw ri'|.:.rir1g cr!-dirorJ rights. dr a F-tition is frrls.ntqd lor its u'inding+rp or,iiluid.tron rlrd. il socqitied in llrc ]ilNlion Shr.1. is not withdmurt. disnrisred,Jischrrged. stayrd or rrsr.dired !iM,

(\ ) hJr a rcJolutiol passcd lbr its winding-up. of-licial msna8ern.'n! or liquidation (othcrlhur plrtsusn! lo n consolid;rli(llt, amalgamarion or nrcrgcr):

{!i) s('cki or hacomcs suli!'ct to lh! appoirunr.rrt ol an :rdnlinistftlor. p(rrisionxlliqrLido(rr. ronti'lralor. racciver. Inrst('e, cLrstfiliari or otha. siririlar olfi(ial tor il orior'jll or subsrantially all its ass.1s:

{viil har a :ccr:rr"'d pafly lakc poss..ssion ol all or subslitntially all i$ asseli or hds ,dislrcsi. csocution. attachmcnt, \cqueslrolion or uther legal pntctrs lc\ iad. cntirrccd1)r \$cd on or aqainst ull or sllt)s!.nltiallI all its IJset!:

l\iii) ctlui!\or ir subjcct ro 1y c!!\rl lvilh respeci to it wlri':lr- undor Lhc alpli0ahlc Inws oflny ii1r,:di..ion- h!! alr analogous rll'ccl lo an! of the r'\e ls rpecilicd ilt cla!s,i\ ti)tu (\'iil {inolujirc): 0r

(ir) ri[$ xn\_ r.tiur irr tirnhr'rance oL or indicitlir! its r(nl:i!'nl lo. appft)\xl ol. or

rcqui.lccrc. iL an\ ()l lhd rclr rrtcned to in !hi\ S l(|.:(c).

F{ilur!'toDeli!.tror,\c.{rpt:@lhct.Jiluruol.al'rn)' t(, (o rp'\ with its obligation lo deli!r'r (,r acr:ept ,,-lcctricitl., undc'r al hxliridual( onrLa.t. {rrrhcr rhnn, irhcD iurl! obligation ir rcl.ascd purslant ro l7 l!\irfi-PctJithur\:e Dut!

l0

Coptright O 2007 bj". Europcan l'ed.ration of Encr&t l'tadc(\ (r'sio 2.t(!)

tt torce 'laj.,ktu\\

lhr rro!.- thilll sc\'cn il) coLtseculive davt or fi)I more (huu srvcn (7] da]\,I l, gtr!Jt( \\ llitrn r n(r iud ol sir\ l60l da\ \.

{c) forcc ][{icure] A Parr!' is rclclrcd l'rofir its oblig.rriorrs undcr rhe Agleemcna du!' ro forceMa.r:Ltrt'for rnorc rhan thiny (Joi co6ccuti\e dals rrr tirr n$r. than sixtv {60} d:}ys inlggrcgorr: * ithin ir pcriod olonc cslcndar _"-car.

{ll Reprcsent{tion or }l':rrrana\: r\ rcpres!.n(arion or lrarrilly tlrcn rnadc or rcpcalcd ordcentcd to harc bttn madr'or relcatcd b! o Pnny lo dris Gcneral Agrccmcnr or an lndiridual( $tllra{r or bv irs ( rcdit Suppon Provider ill a Credit Suppon Dr:cuntcnt pnr\eli to harc bccni[.crrccl u. ,r]islcadin! in any nratcrial rerpect u hcn mada or repcalrd or deemcd to ha\'e b(.!.r1

nttda 0r rrpcittr\1.

t tll!'i\ {.nh.'rui\! ritccrlled in thc llcclion Shcet. lhc obd\,c l\{rtcrial Re:rsons shall consritutc rlre r.r,:l rircrrxlons Iol li{rl\ l.'nninirlion u,ldcr lltis.N I0.

$ilCalculation of ihe'l erminstion Amouot

l. "[e]minraion Anmunti "lhc TcrminBting hrty shall c&lcrilat. sn alrrcunl (rhc "TrrnrinitionAnro[nt'i rr' lrt paid iir nccurdancc s'ith I I(].1 iTetmination Jbr ,Vateitl Scosozs) and \ llt.4 l:lurornoti('f..rrrthwttun\ by \jr1.!laring lhL' .urr {lvhcrhcr posiriv. or negali!(,) ol all Settlcn{'nl .\mounts tbr nll

2- Scatltrlrc,lt Amounl: lhc "Scltlenr([t Amolnt" lor otl lndilidrul (iuu'act shirll b. tlrc Ui]ilrr less thqsggri'8ar. oflh!'l-ossc! ard ( r)sts $hich thc lerminali[g l'! I iirurs irs a (esull oi i.hc lemlination oilhclndir idual ('Lrntrart- lor rhe prrposc (\f thi5 pru\ ision:

()) 'Cosls" rllualrs brokenrge lta!. commissiorlr :rnd ollrer lhird par[t coJts alrd c\frrns(\lclr.i,rubl\' irauIlea, h] tila Iqr,ninating Itarty eilhcr in tr'nrinrling lry alntngcnlL'lll purJuirnt

tc r\lriah r! hirs horlgt'd itt oblilution or !'ntering inlo nc* arangements $hich rcplacc a

tcnllinili{rl lr{li\.id!01 ( '),]lrocl ltnd all r.asonable lcgal lics. cosrs and e\pcrts'is incurred h1.'

lhr -l c airtilling Parl:_ in conrltclion rvith irs tqrmillation ol'such lndividulrl (onlrircl:

{b) '(;aint' nrlius iltr ilnleant cqual to thc prasenl \itlu! o, th(' etonouic herclil t{r lhc'Ierlinnting l,.rr!. rl anr {c\clusite ofCost$). rcsulting from $e ttrnrinali(ln ol an hxii\idual( orllrxd. d('tcrminad in d comorcrciallv .ettonable mam!'r: alrd

1c) "l-ossos" ln"'ans cn antount cqual ttl d[. prescnt vaiuc t)flhc ccononric loss to llrc 'l cmlilrstingParrt, it aov rcrclusirc ol(osrs). rqsriltiog lkml irs lcntrinrtlion of n lnJiridual (-orl.acl.

dri0nniried in 0 !^onlmclrirlly rqasonoble nunncr.

ln criculxrin{ lhc SJllcmcnl Amounts. lhc 'l erminJlin8 Party mat. but is nol r)hliged, to calculrte its Gaitts aldl.oiJas ir\ nr rha L!ri! lcmrir)aliort Dard. $ itr dis.Jratioll- rvilhoul ellcring inlo ltny replacenrenl lfftr\tciions.

sl2l.illlitation of t,iabifa

l. r\ppli.dtion of l-inrir{tir}o: fhis \ lf, $ill appl\ unless other\'iso \necilied h\ tirt Farlics rrr llr!)L!*t;or \i!'.(

2, t;rtlusion ol't-isbilhl: Jubied to Sls l?.1 and ll.4 and cxc"'pt irr r.spccl ol alry alnoont! Palrbl.lrrJcr .\ r i Parx,y'i.s j/irr L-dilhre to D?tict snd.,l.r?pr) or { llt.3 llermination ttr Ma,eriol N(as.rrtl, r {'arl"\'

rnrl its tnqrloltts. .)lliccr\. contrxcbls nndior rgc[(\. rlre nol linhlc rc the olhcr Pant for i1n]'lost- eost.

(.\F!rl\c o, drnlirgc\ ('Ddnrag(s'). (includj[g, $irho!! limit4lior, irr] liahility du.' to lhc i!rcqrlarili$ in lhtsrrppll ol clccrr ilirl untier an lndividiral (-ontracr) incurre'd hy thc ollr. Pa() undcr or in ctrttrrcllion $ilh lhc

Agrcenr.nl-.\cept \\hare such l)rrn&grs rrc duc k gross [egligcncc. illenti(lvti ilalo!.il or liard ol a lttln) or

( oprright C 2$07 by l:uropcan l-cderrtlon of []norgl I'radcrs\ rrri0n ;.1(lI

lli cnll)li)vces. ollic.rs,.olrlractori and:r)r tqarlts rlscd bt such Piln]- m pcrtbnning its obligotions und!'r tl\'Agr!a.-nl([t.

3. (.onrcqucnlial l):rnrage and t-imit.tion of l,isbilit-y: Subilcr to.s 11..1. thc liubility of:r lrlnY umlcror iri ijorlIf'rtion u irh r,tir Altr..ln.ur:

(ii) dors nor iuclurl,; lilhiliiy lirr aly ildiruct und/or riollseqncorial D{nirgcs, inrlLrding. wilhoullinlrulior, loss of nrolll. goodw ill. business opporlrl0jly or 0nirif{lcd sd\ ing: itnd

(h) is,inuit,J 1.] an:rmount cqual to the anrounrs patitble for cltcrricit]- sLrpplied or to bc supplicdb\.-r Prd)' urdcr iln!, rcler:rnt lltdividual (-ontr.rct pro\ided lh.rl su.h linrilstion shxll ol .pplttcr Faj-ri|ent\ u!d.. ir N {8.rredt2r-r, l;ailure U Deliver ani Accept) snd $ I I ( alcul4titrtol the TetairrcrioD Arrrounlr.

.1. lnl(ntioral Default. fraud aod Furdamentrl Rlghts: \olhing in thr A,qrce'nEnl ofEr.llcs l(. ('\clud('r! l:nur x l'rnv':: lirbrlirt li).:

(:r I ln['nri(nl:rl J.lnuit.

{h) lirril. llr

{.) :m} a.li(nr \lhirh.ndiugers lhe ll[dirmental lcgal .ights ofa l'arl!'or rvhich \iol.ttcs a Pilllt'slir linr!'rnl.L1n{raclial obligatiurs (",(ar(r l:ltlr/lk hlea" ).

5. Dut! to )Iitigafc l-ors$i lror rhc avordnncc o[duubt. and subjuct to apllicJhl. law, cach Pa ! agr!'cslhilr rt irir. j Jul: tr) milillxle its Damagrs rnd 0o\irlanls hat il $ill use conrnlaralrllr- rcilsonnb|i cl:fot1s lonriirirnrsr urrr l)drrirgg\ ir orily illarir uu,lcr or in conncction \"_ith lhe .,\grcarterll.

$13!-rylsilslC-ceuEc!!

l. lnvoice: ['-.ch ferr! \lho ij a Scll.r ofclcctricity lll an l dilidrEl Contract 'hall tm0snlit lo thc othcr

l'arrr in thc roursc oj'tlrc c;ilcrr.lar month tbllorlirrg a rlelirery of c lcctricity accordirtg to lhc Dt'lr vcr-v Schcrltrlclir thc prcr i,rus rnonth it) i$\oaaa scumg lbnh thc lotill qrantiri,is ol-electricuy that $e'rc st Ll by it undcrlnJrr rdrral ( or:Lr'ircir in :hi: prcviour calcrrdar nrorrth. lrr conrectron with such irrroice the ltan! mity s!at.' allanrori[rs rh.n 1)\Ltd h!'r\..n lhr Partics pursua[t lo rlrr'lndividLral (o tra.ts including. without limilnlion. illlnnlolrntt o\rcll lirr ,1c purahrsc and sile of clectricily, fcr's- chargcs. r('inlhuasanrcnls, danragr:s. intcru'st. and(tillrr nr\lnrrrts o| cr(riit. o$;J hr:rw.'tn thc Partics unr.l. if upplicabie. ar!- [c! amorlnl duc tbt puymeutp r'\!r;li)r lo l 1"r."1 ( l'a?r.rrt .\'errr)rg I hrroieiug ol l'rumiunrs drc u*der an lndi!idrul (:ontracl lbl Opliixrs\ltxll l}l iri il!r.*cd b) rh. Pirli.r io !h. lodiiidu{l ( onrrllts.

2, l,r)nrrllri t)n oI b{lo.c rhc l.}ter10olcorol(a)lhr twe.ri.'lh {20d1) da! oalhc rlltndar lorthofilnolr llusinr,ss Dar rhr irnmediarcly frrlloniog llusirress Dry or lb) the fiftir {ilh) iJusj[eris D]], ibllou'in! rcc.rintiri all inroiru llh('"l)ll0 DIle":. a Pa[y owirg au iu\,oiced smount shirll pay-. by wirc lranslir ill arcql]Lslii:rblc lirriJ'. rlrr amor:lrl s.! l;rth otr \u!h iD\oicc rc rhe nc\m.'nl dddrcss or billk alaolrrll ol'o\ id!'d h\ lhe(!l[er Parl! iir sncciried in iile l-le.tirnr Sltl'!t. Such pa]m$t shrll bc made. unless otheru'isc dgrced. in IUR().a d s lirc t ro \ l -l (

':,1F flr./ frd.-r ) alrd thq rcrnillcr shall pa! iN orvl) banl chargr's. Notw itlrstanding thc

lirlcgoilg. the [)ue l')rlc tb{ palrx.rrr ol a l'rcnrium untler an Individrnl Contr-rcl ibr Optiot's rhall b.' rlrt-

l)ranliLllr I,r!uirnl l):rr;: ,pecitierl in rhc lndi!iduill (i,ntracl.

-1. Pr\lnenr \ctting: lfthisi 11..1 is sn.'cilicd as aonlr.inq in th.'Elcction Shcet. ilon 0ny d:1) lhc PxnicsirJ cu()r rcqlrirrd rc p,r! onc {)r morr xrnounls irl lhc slrnc curr!'nc-}_ ([or $hich purpos.' all EL,RO (urcncit's\hall hc, !on\idcrld ! sirclc .uftcnuli u!rd!'r orru or lnorc hldi!idu.l (ilnrracts lhcn sucl lrlounl: \'ith rc\pcclt,., virlh Pr(j rliarll bi aggrigatcd drld thc P.nics sh ll discharge lheir resp!'eri!c pxvor.nt obli8tlli(trti lhrorghl('rtrrr,. iri nll'ah {r\e rlc lil.r}. il un;_. owing lhc grcattr aSgrcgate amaun! rhall p:ry tlre olh('r P0r() {hrd,llc\'0c. h{l\rccn lhr arrrr-'untr L,l1'cr'|.

{. l loicing rnd l'a}In(nl ol S(hcduled Contrscl Qu*ntitieli; hvoicing arid lrir}-meu 'ihall hc horr"'d onirlr.\lulcd (,)r1irir.r (Jn.nliri.i;r.I"c(drn.. !vith all applic0blc Dcli\ery Scltdnlcs lbr lh,.' l.sfrcc( i\ c tnonlll.

ll

Coplright O 2007 b) Enropesn f'ed.'ration of Energ! 'l radcrr\ urli(,n 2.llr)

1\lu:t urtl rt data heconros arrihblc conlinnilg that lhc actual quanlilics ol eleclri(ity tlclir c'rr'tl and rece'ivcddrllerr lrinn thar tct our i[ l[{ Dclilery Schedul!'s. iDloicitlg atld paymcllL will b( ad_i!$ted to rctlqNt u vrl*riati.'rrs hctnc'cn th(' (i$taail Quantities and rclu!l dcli\(.ri!x.

5. Detnult ln((rc!il: (hcrdrc piyntanti shall alcnle intL'r!'st I'rom. rnd includirg. ihc Duc Dnrc rr). hulJ\.lu.linc. rI.'drlr oi px.rnrcrl. r[ lllc lnlercst Rat.. l"or lhis purposr. tile "lr*erust Rrte" \htlll blj til!'rali'oli te('sr :pe(rii!'d in th!'lll((riot SbT!'r.

6. Dispurrd Anrouots: It Pany. in gooil ,ailh. dii'put!'s (h. {rcurnc-v ofa in\oicc. i! slull on orheiirr.'Lirr l)uc thtc pror idc I nrittull cxplaneliol ol rhe hasis lor lh!' disptlt( and shall pay:

ir) rl :.!iit \ l.l.('{itt i} soecitied a:,3polrinc in thc t-.loction Sheat. rhc fill an}ount inroiced no latcrrhrn rhc Dua Dflc. lt any amounr paid unde. diipurc is l'ilrill-!- deteirtrined (1 hrla r]ol bccnJLrc'. rueh orcrpaynrcnt:ihxll, at the elcclion ol lhc (,$ed Party. ha crcditr'd or lctrnrled l() i!iritl|i[ tcn (11)) dlrvli ofsuch delernrination. aknlg \\ilh irrcrcst rrcrlrcd nl lh!' ltlercsl ,lillelilrn. anrl rr:cl.ding. rhc datc such ilmornl $as paid- lo lhc othcr P3ny. bul cxcluding, lh€ dalcrrltrllcd nl r&\liladi or

{h) if }is $ Il.r! {b) is soccifird as appl!iu: in the lllL'cIon She!'r. rhi! un.lisFutcd nlni)unl ir)loiccdrh) i.ter rhnn rha l)ua Datc. lfauy rnlotlfl! \'irhhcld under tlisputc is linailv dclernii[ad lo ha!cbccrt duc. :rrch lvilhhcld amoullt shall. at the electior: of ihc owed Parl,v. bc trtdrlerl orrcrurncd llr ir tlirhul rcn (10) dats of such detcmlinitiorl. along aitlr intr'rgs! accnrtd itt lhellri!'rurt Rrte tiUm. anli irlcluding. tlte datc such amoulll \!as duc. to tlrc othcr I'llnv. lrulr\ijludirlg. lhi dal* paid or creditcd.

$t4VAT and'fsxes

l. 1'.\"1: \ll anr0urt' tlircd l(t in this (icncral r\grcent.lt arc.\cltlsi\-- of !'i|1. lhc \',\'l'trcltnre lol-:lr!. .ir!Iri\ trl tl.'trrjeiri 0:1ti.r ue l{di\ldual (b ract shall be dctcnlin.'d pulr,uanl lo ihc v^.'l }aws ol lh,r

Jilrisdr.!r(r,r uh!'r'1, ra\i!bl( lr:irr\alijnn li)r VAT purposeii is dcelncd lo uk!'plilca. lf \'A'l_ is pa;_ablc ort ln1'.ucl irnoulllt. tha llurr..r .hall pry lo th{ Scller rn dmounl cqual to thc VAT !1rhc'ratc dpPlicable lionr limc to

Linl!: |rntidud lhal .ir.r.h inl(\$r1r shall ol1l)- be requircd lo bc p!!id on(c thc Sellcr protitlr.-s lhe llulc. $ith a

\.JrJ \'{ I rn!,or(c !applicltrl..io thcjurrstliclion oasuPpl!) i!r rchlion 1() lhitt itnrt)ur}t.

\\'l1.rJ. ir1 x...n1larc! rlrrh LU ind.or n;rlionili lcgislation. aut \upplies utrde, rn lndi\idual ( ontraot flra! b.l.ro-Ra!(d xnll or iul)icc! N rhc !r!cr.s('chnrge in lccordilnce with AniL-le:3i^ -19 or IQ5 ofCouncil Dirtclir."l(,1)o'l l: t.t.'. tlt,r tolloning shlll lpl):

!r) tht lluy.r ir&l thc Scller ltreby co\cnarl tlul lh.y uill do all :iu.h Fropriir acr'. dccds ludlhirigr ai irrc ,r.ccsr'nry- (which mlrt include and shall nol be lifiiicd () Providing to lh.'SL'llerall 'uch fnrper. lrue and ucauratd documeDlrtion or usiiiltancc as firitv fcasorubl! bc requir*dbI lhc rnlctanl mxinS authority) lo cnsllrc llril sllch slrppl) i5 Z.ro-R4l!'d or rubj!'ct to lhcrc\er$ chirg. for tic puryos.s ofluch l.'gislalion:

{i1i Lr rlr! !'L.nt rhii rhc lJu,'cr or lhc Sellcr filiis to cornply \ulh such ohligJlir)n, lhe tlon-

r.'Inllling l'alt) jhrll ir enlnili lhc (1!h$ Part), it! r*irecl oJ'itny ard all VAI. P.nahics urld

intcr.'st ineun'gd b) thr othcr l!.rl1-'- .ts d rcsull of llrc non-complying l)afl)r\ t'ailr.c lo ct)lrJrllrr itLr thc ah,ru rovcnartt: lnd

t() Ir lh,l nlslDar (,i rh! lluler pro!iding nry (locunrcntation $ ret'crrad to i0 l!) abo\c, tll. Sall.'rrciar!!s rlrlr.iqht l() rlErge l({*irl VA'1.

:, ()thcr'laxc\: All ilmou.ls rclir'ad to irt fii\ Cetlcr,rl Agrl'-.^mcnt irr!'c\alusivc ol' ( )lhcr 'l_i\('s. lnthe(r\t ol Ollidr l rrei. jI lhu co\l of 1llr Olhcr fax is clrirged or pass.d on hY lho licllcr lo lh( lJuler. lh. l][y.rsh:rll p:r\ lhri arni]trrlr rrl Orhar -axr kr tlrc Scllcr'; pro\-idld thar slrch amount ol'Olher Iit\ is iLl.rnificd\clxl.trc!) or rhc irrroier' issrrcrl trv lhc Scllcr nnd contimration is recr'ivcd b-'- thc tsulsr. $terc llfplilxhlc. lhn(

\.!!h irnorrrr rll (Xhcr'lar lus bccn July puirl or ilccurnl('d for kl lhe ,"1"''ton1 111 lulll(rrity. as aPProPrfulc.

\!ircr.' ir aceuriancc *rth L( ondior n*tiorral legishtido ther( ls ln cxrntpliorr or olhar rcliei ts rpllicable.

tl

Cop! right C, 21,0? b.,- liuroptrn lodernlioi of E rr,$ 'l radcrl\ rrlion !.1{r)

l-r()rn ()th.r lr\.silt r.lpcqt r)l iulv suppliei undcran Indi!idual (irltrilrr. lhc ,i)llowing shall apply:

ial thc lru!(-r and tht Scllcr hrrch,v coveflalt lhal lhc!,will do irll su.h ploper acls. dcl1ls andthinss 1s rr. llcc!'isilrv (r{'hich may i,rclude and sh0ll not lre limited lo pro}iding lo lhe Scll.-rall iucll nrdp(r. truc und afquratL'doclrntcntatiol or assistanci. irs mav rcssonably bc rcquirrrlht lhc rrl{ranl ta\irg:rulhority) 10 ensurq &st such supply is .\crrpr a.om (Ihcr Iirxqs tbr lhcputT,os(\ ol \uch lcJtslil0on:

(h) in tlte ere|lt tiut thc Buyer or the Scll.'r fails to comply $ilh such obligarion, th!'nu!-cornpllin! l)afl! shull indr'nrnil1, lhe othcl Pan]- in respcct of lry rnd irll Othcr 'fa\cr.porrultirs rnd inti'rcsr incurrcd ttt- dt$ olhcr Partr- as a rcsult of thc non-uompiying P{rtt'slallur('l() rdrnpl\ *ilh the above covcnafll: gnd

(.] in !l!. utr:,rrica ol the lluver proridirrg arry_ doaumcntirlion as rcfcrcd 10 in (a) abo\.c thr Scllcr,c\tr!c! li|. rishl lo .ltargq Othrr Ta)ics,

-1. Selbr's {nd Buyer's l'rx Obligrtio[: Thc Sellcr slrail pa)' cr caus!. ro be laid all Tari on or \rilhr.iPccl to !'lttlrreit\ dcli\!r!d purrtian! lo an hdilidual Conrracr rrisirrg t]ctbre thr' lrans[r'r ol risl and lirle arlhc D{li\r,} I'oint. Ihc llu}rr shall pay or i,:au$ lo be paid oll Tax on or wilh respect to thc elcctrici!-vdclivcrcd prrsLrant lo xn [n(li\ (iu!] Contract ari:'irrg aher the lrarlstar of risli und titlc tt thc Delivcry poi[|.Suirjecr to I1.1.:. th(. l'ir.i!'s \hall pa) nll lax arising ilt tlre lransler oI risk und titlc nl tho Dcli\ery Poill insc.ordlncc *lrh apph.abiu bcill ;|ws. hr lhc cvenl tlrot tllc Srllcr is rcquir!'d b)- la\r. lo po),afiy T:r\ \\lrich irfrop!'rlt li)r th. occoirnt rrlthu Buycr. rhc Brycrshall pl,ornprly indemniry- or reimburc lhe Sellcrir respe.l ,lfsir.lr Irr hrh.c\cllirhaLrhclJu!.rrsrcq[ircdb-vlr$,topa)iany"l0xwhicbi$propcrlylinihca.countofrhr's.!lrr. ill.' |]lr'.ar lrat da.luc! lhc nhroullt ol any.iuah Tax liom the sum\ due lo lhc S!'ller undilr the Agrccmcnlilnil rh( S!'l:cr lhlli pl1lmprl) indcrlniry or rcinlbure rh! tlu-\er in rqst^*ct oian) suclr'[!\ no( ro diduclcd.

{" laree fargotcd at f,nd-Ureru: Ilre l]u1tr solcLrants to rhc Selllr tha! lor thc Firposes ot a Ix\rr'hich is tnr{et!'d ut thq enJ-!t!.r or aonsumcr ofelectri(il!,. cithcr:

rr) tt \Iill fiol b!'xn cnd-uscr or coisumer ol suah elcctricilv deli\$cd lo il undar an-v lldi\iduai(.hltrart. oi

(h! rhur rh(' I}rl\'or haj rh!' iBlus tf ar irrtcrmcdiar; or aoy tquiralcrl jtatus ns dclinNl i0 xl1!Lrpplrcrbl:: lcgisluticu. lr

{.r Lhar rhr qlc(riclv so dclirered \ril[ crrhcr bc lronsporNd ou 01'lhe jurisdicLi$1 i, rrhi{.h theD.li\e., ltrtlrt ts siiualcd undcr such lndividrral ( oniracl or rrill be rc-sokl *ithin s0clr

-rrrisdictirxr-

nfld Lh( lluyrr \\'ill fr'o\rdc\d.h docu L'ritntior {s rna,,- b.'requiruei by applicable lcgisfulion to elidcncc ir y{lilic li)r(g()lng.

5. l:\cmption (lcrtificrtos: Il', ho\eever. rhc lluFr itucnds to L'oBsumc .rny of rhi' cl!ct.ici\- dcliv('r!'druidr| irn lnCiridLul Conu';tcl, thc lluy$ shall pro! idr lo th. Sellqr, il reguir.d Lrndtr the::rpplicable ltgislation.lt \ illi(l ( cftillcir(' uridi]'iaing rlrq.\emptior ol'lhc Blyclr.clevanl licilil] liom tll.''lrx whicb is rttrgcted at

$. .rd,oscr or coDsLllfier ol'cl!'ctriair!. irr rcspcct of its crre'rgy supply to thc rcit-sonablr Soristacti(nr ol lheSrllJr. 11-!u.h a \ alid Ccnilj,jutc. $llich i' requircd b! any appticable l.'Sisltlion. is nr)t nro\ ided un(irrr thc

Scllcr is not jil salis,lcd b! rhc nitvant tirnc oiilvoici g and rhc Seller is li!hl!'lo p.tt- lhc frx urg!'lcd at.hcend-uscl or cirrlsurrr'r' r),'cle0lriuil),, lhc iicllir shall chlrge tha Buysr and lhc lluler {hnll poy to lhc S!'[ldr ir1

;rrlditbn to thc (intre{i I'r;cc a moun! cquai to th,: lax which is applicthl!'Lo the erld-uscr o. lonsu$cr ol.'l!-(flcir! o'l rhc clr.rri.!!) dcli\crcd urder such lndividual Contraet. trt lhs ratc applicilblc at rhe tim! of lheialq. lt thc llutcr. rubscqlcnt t(t rht S.lhr chargilg such Tax- pI()!rdrN ihr'Scll.r n'i.hin thc aFplicablL'rimc (ii*.!) \'rth r Vulid ('cnifitirr. thc S.iler shall reimbuttc tlre lju"vcr l'or;rn]- srrch Ttttes nai(l bt thc Blrter.pro\ i(lcd llrt Srll('r'h{\ .L'.ilinrld such'[a\.

{;, lndirroltl: lI thec!.r l lbir!. jll rcspeca or'an hrdi!;dual(irrrtmct. a Panl_ is in btcach ofits obligatiur:under I i4 .1 {l-ax?r 't'trtgpted ua l:rr.1-1. r?rt) ir 111.5 (Es:enption C.nili<'oles). it tholl indcmrlil,\' ind holdhxmrlcr. th. orhcl' Patll !!xin:t an} li{bilr!} fot'10)i which rs lltalletcd al the end_uslr or colburr!'r ol'elrclricir\ tnitd lrr,, associutcd ehargcs or pcnalicsi in respcct of clcctriciry delivered undcr \uth lndi\idu.l( orrtr;rct.

l4

(l)plright O ,007 bl l:urop.Irn Fcdcr.tion of llrtrgl Traders\ (rsiulr :.lt.r]

:. \ru lates tf a,1-v \r,.r 'llr ir lpplicubl-'10 all ludividlrl L-otltraet. cnd lil.'l]uyer is- by tl1!'ust ofle:rit)nirhia e!d.:)\auii. xl'ia ro obleiu aly lrailablr r\cnlpri(ri nr rcliet llrcrcliorr or ii conl.acluxll)'nblc lo

l]r\J li. srrr. !h.or!}r!r t(r oa br rrinlltrniell in respa(r thar*ol h, . a thiril pafly. rirt llula. ghall I1\ or'alusc (!r

hc paid. or lu|lhuri(" ih. Srlhr ri'thc Scllcr lur paid. slch Ne$, far- and thc llLryrr ihall indcnrni[. d.ldddrrll hrlid llan l.s\ lllr'lir.ller iiorn a|d agaillsl an] clnin)s lor \ual N.\l -Ta.\.

ll" l.r'nrinatio lbr \r* 'tasr l.-inles* orhrn'rse sreciticd in thc Lhcti,rn Slr!,:t or ir1 thr t!'rrs r)f itnlrJi!rd.r:rl iir!rtr:tct- rlrr frrJ,"i!iorr olrhi\ n1"1.S 5hall o lr apFl] ir respect r.rf rr hdi\idurl i-'ont!acl ifthc

lt,,litidt,ul {o tNLt\) lod1ran ol lhr'folirl Su|nl}-i'eriod cxcecds t!!,o ycir},

\llrc.r th: $ori;iori' rr'lhi) t l{.!i rl'rll} ill rrspccl ofi]n lndi\,iduill (r,rtiract ar.i:

rr) a\$r l:tr i' irt'rlorcrl00 a fiuty {th. ""l'81ed }rr$ )in rctp.cloi'lhc( orlruclQuarrli!]i rrl

ibl iravrl]g urr,r.i r,,'lsonirbi.. rndcavour. l.r do qa. the 'IiL]a, Party ii, rlrublc uoutrlLcturily lo pa:s on

th! !os! ol'the Ncw Tii\ t() lha o$cr I'alll or a lhirtl pn[]: itnd

i,;r 1li. rolxi rn]olrlr oi thc\c!\ 1{x lhrl u$uld be t\aiable in cspgct (Jllhl hallrir:e oltht tr:tllrirlilrt ili .lc,:r'i.irl r,, hc deliered during tht rerraindcr ol lllr Tolil Sup!l!' l'L!iod {llrr'''Rrm:rining (itrtrrtt Qu*flli\.-,"). urlcss oil['twis. srecitied ilt Lhi I:,leilion Shr!I' \lrellr'a.cJl'i\.ireraafi!15l:! of ihe ptodqol !1 lh. ltcnll}ifiing (i li]cl Qrlanlily xll.l lhc (,)Lllraat

l:ti:*

lh,:1. Inr fa\(d lirr!\ lllilllha anairJld to lrnnilxtta tha l[divjdral(:o i.arl iubiacl 1l] lhc li)llowitlli aollditiolli:

ixl th. frlrJ PLi!"1\ ll1h51lil.lhc.lther Pa{y {the "\ot'Trn(d Part}") lll i,r:lsl fi\c {5) I]u\in'siDrtls'lrinl writta[ nntiae (the "\egoll:rtion Poriod"] olilt illlent $ t.rmlin{lc the lrrdividual( i *iot itn,i rlt;lh r].lit. lhxll b. gi!.i no latrr tlur lsli l)nys at.. d1' Iitler of ihe

,irirrrr]]o'ril ar IJi( clfe(liYt drt.'ot lha aaia\.alll Nc\! -li):ii. alld prior lo lhc lroposed:ari,'i;iiatiiil llic

-ln\cC f.ln! tnd &t \(n1_1$\ed f itfl! shrll *llemfi to rarah an agNcmtnl as

i| tJri \l)i:Jirt:: Lll tit!( \a!\ ]ar:

il.r il rLrr:lt trgrtrnllnt itr nol rcaailad. the Noll_'lr.\ed ltalty:ihrll hlre Lll! rr8hl bul r)l the

oblilaliL,ti. Lrpo| !!l'illan n{rtica lo llla nlri.d I,rrrr *ithin rhe \,]galiatioll ['r:dod' ro pal tile

\tr.'_irr lirial]y toriliruous feiod ir !o cluais on ii talridirr nrontl] lr, cal(lld[ nlonih l]rsis.

3n.lil]\Ll.ll.nsfthc"Ii!\ltirarlysha{ln0!h!\clh!'righldurilgsLrclt.oiilluouspcrjod$lt11n,nnlr thq lnditr.lral ("ol1l.acl o $e hn:i; of tlrq teu l-rr;

1l]i rhr)iild !hr. :, rir- I xrrd lrJI(! .lecr lo lay lhe iricw Iaxon a cllqn.iar monlh to cal!'Ildo. tlldrthilu.\. l[,j \r,r]-]r\ad lllrlir rlrly ele.1 to cr'lsc llla fa]lntlll of lhc\c'*-lorupoltgl\lngll\et-ii Llt:ilnlli l):t)i'Dri{)l $ritlcLl !r iiju lo thc'll]:ieil Psti}- ot ili

'lcctioll lo cease layni('r1l ot'

sl.Llr \.r' Ir\. ir1 \rhi.h casc tltt Non-la\td Parr: :lull irleiemrlili lhc I n:i!'d i'an) li)r lh'\t!\t.t\sntlttl:tcrlill(r'.'jl.illdpcl}allicstlulnlheincuredhllhcllr0dPa'l)orttip"lot liic pL.i{J.l rlur'1lg lirieh lhc Non-laxcr'i Prrty had chclcd to p&) lhe \l:q [ii\ rrld.lhtl rr.rl i'an. rhrll lLlailr bc rubicLt 1.1 t[e pro''itlons ollhis .s ]'18 as !f th' \c\!-Irr h"J nn

,"'lf.tljro .lr1s iti of tha Jxtt an llhiell llr.' N!rl1" l axcd Panl ccased paynrcnt ir1'surh \r'rv Lar:

{d) ifilraiultt t ii! rc shuitrg lr \e$, I or is uol rea(hed an.i lh. \oli-'fi]{erl Pnn.y- doas l1o1 cle.i l{)

1.,,_.:,1," \r:r" 1.]\ Ibr:rrr'pcriod cf rimc wilhin rhc Negolislioll leflod, th! lndiridLr:rl (itntraet

'ril'Jl'rl ih1lll rc

"'!lrilrrlled on fh!' erfiry r)''lhc NcSotiallon Pctiod:

{-'} LrfL'r1 rL'rrliililliinl of lll!' lrldiridu.ll Contracl' lh. prolisiors tf I ll (Culen'atiott "l

the.l'tt,,1ikl,lion,-1,'|'x',.eI::llillgtorlrr:calculationandniyr,1!'llloflh!T.rmilrx!io!]^mfllnl

\itirll i$pl\ Lmt oul-.- irr |rsprir ol rlre lndirrriual (irlraxctlsi sd rafnlina!ad. .r.j lirr lhe(e

i]lrIr)sas:

(i) ibc \orF'}3\cLl P?nl- shall bc undarsld\l !o b( tir' Tclrrlinaliug Ilrrl! lir Llr'

rxlrrLrlr,ni ol lhc Terlllinl]lion lmount: .t[d

ts

Cop) rlght c 200? lrr' !l uropta Fcder&tio* of Ene'g) [ rtd(rs\ er;i0 r.l{a)

{ii) lhc cll.ct (iaitny} oithc rclc!:rnl iie\! l!\ od th. calculation,Jl rh.'lcnuinirri()l)i\lll(,i,Ir {or an! Seulentcrr! Amorfit) shrll be crprcrsil..ercludtd

9. \Yithholding lai: lt'thrs \ l{.t) is srecill.d ir! apnhinlr i[ the l:l.ction Sh.cl. rlrc ibllowing shail:rpnl\ bc(qc.'1 iil. Itani.s

liri P0vurtlts T'rfll{nd(lerr: All pByntcllti undcr an lndiridrllll 0)nlrucr \hull ho nrude \\,ithoorrun-r rrithholding ofor dt'dnction Qrr or or accounl olany filx unless slch $ilhholding ordcduclion is rcquired by lu$. ll'l |ta(y is so rcquirerl ro withlruld or dedu.l lir)i iionl ilpir)nr.nr t(, bc rnodc bt it, thclt that P.(! (''Peyiflg Parr!'") shall nolify thc othar Pifiy("Recdving Part!"1 immcdia!!'ly of such raquiremcnr and put l() lha ;rppropriitlc al,lhonrics.ll duloufli\ 1\ ithh.ld or dedu.tcd b! il. lfa rcseipt or othet r'\,idcllc!. con bt issucd clidoncingthe pa-!nr!'fl1 t.) thr aulhorilies. dc Paying Pilrtv shall dclivcr ruch cvidL-ncc (or n cenilicd copJ-ihcr('r)fi Io thr Rr(civing Piln!,

(t,l Crossing-[.]p: Ihc ]aling Porrl'shirll incrcasc tho umount ofdny pa,vnt. t qhich ir rr'qlirr'dlo h( mild!. Subi!"el t0 i $'i$holdirg er ded.rction 1o lhc r}ilfllt r)c(essar) lo ersurc lhitt. lrilcr'!h!' nrllkrng crl-thc rcquired \rithhokling o, dcduotion. llr(' Receiving l,an! rceci\ci thc sa,n.ann)ult it rvoukl hir\ r Ieccitcd had n0 sllch rvithholtlilg or deduction bccn rnndr or rcql]iredlo b!. nrrdc. c\ccpl lhcl no inlrcasc shall he nrade in respccl of an1_ 'lar:

r\,hich i\ (1nl! irnpoierl as a result of a con[c'rtiu1 bctwocn rhc Rcceir,ing f'arty ardllic iontdilliur ol thu au.horiry imp()sin-{ lh.' Iix {inctuding withour limiialion. a(\rlri.rron {ri\ir1g liom rha Reu!'iving [,!n]. hu\ing or ha\inu ha.l a parmansn!rslahiijhmelt or othcr fi\.'d placr' of busirrr,'ss in thal jurisdiction. or haring berrr

frctcnr or englg.d iu brsinrss in rhar jirisdictiDll) othcr (llan rhc $cr( .xerulion urd.lir.n ul thi,, Gcut'ral A8rccmenl . r1 (irnfinrution cr a11) Crcdil Suppor'll)ocum!'nl: (n

(ii) \rhi.h rould hirve bccn aloidcd ifths Rccciving t'artl had dclirered t() th. I'!-virlgParry or lo ihe apf,ropli0rc i]uthorily as .cssonobl] ruquesrcd by rhc Pa)'ing I'anr'. an]dcllrrdir , crnificalc, or other documtnrs rpccificd ill the Ll!'etion Shect rn a tornrruxsdlxbll s.tislitctoiy lo thc Paling Pany: or

liii) i!lii!:h is rrnll i rpolcd a! a rcsult ofany Ta\ rcprescnririon rrrnd!'hl lhr- Rrccii irgl'arty irr thc lluetion Shcl'i tbr tlr! pu4lojes ofrhis .\ 14.9 lailing or ccasi{g li) bt truci$d irLru.nte provided lhat rhir parugraph (iii) sh$ll nor app,' {and.hc l,a_'-i)19 l'anyshall hc obligeJ lc! incrcnsc thc amounr ofanr pilvment pursuunt to lhis \ 14.9(bi) iliiuch rcpr!'rcrutior hits fiill'd o| ceased to bc lrirc and nccuralq by rcrsorr o,i

tars) aB! (haEgc in. or in lhe anplicali(r,1 or inter?rotxlion. ofan! rclc\,ilrll la$.enallmenl. dirocrive. o. publish!'d p ctic!- oJ ant rclclxnt 'lax authorit)bt'ing a changc occLnrirg on or xftr'r thc dirt{ on \l-hich lhe r!'lclantLrrlir idual Contract is cnterr'd: or

(tlbr ir[), |ation lakcn b] !} 'l' r ,ullmril). or lrloughr in , courl ol'c(rnpcrcflljurisdiclidt. on orilllcr rhc datc on \!hich rhr r!'l$art lrrdivid(litl C(,nrr.lct is

cn{clrd into

$ ls! loetilp Price$ and Fallback Procedure for llarkqt Disruption

1, ( $laulalio of llorfing (:onlr{ct Priccs: l tllc c\cnt thc (lnttl?ut Pricc rs b&icd on rn indc\.('xellJng!'or an! orhc| lind ol \oriat'le rctlrence pice (su.h price b(ing a "ltosting rrice") thc (i)rilracl ['rice\hilll lru d{I.r,nrn.d on rlrc S.[lcrrcnt l)atc ar ihe S.[lcm!'rr I'.icc as spc(iliad in rhe appli.ohlc hdi\jdlllll('()nlralt. lh. Srllls$e0r I'ric!. sball bc dcternined in accordaucc \rith the ( rlculalion I\1.ahod on lhc('alcrlltion l)atr'a. specilicd in the tlrliridual Contract The Calcularion Darc ir lhc dalc sp!'citicd rs such illllr('hrdilidu0l (inrlrx.t on $l'rirh rhi ScLd. lcrlt Pricc lbr dl{ specific deli\rrJ. is clctcrmined. The ( l(ulalion

l6

Coplrigh( ii 100? bf l!:uropern l,ed(rotion of llncrg! Trsd{rs

1rI

\ersion 2.1tt)

;\ligll shlll Pro! idt protnfl noriuu of llla Scttlcnrerl Pricr dcr!'minud as rvell !s rhe ltlrount l(1 be paid on Lhclh!' Datu. l'irymel]l \lull b!- nrird. p i-.iuanl ti\ \ 11(rrruricing srul psryre r\.

::. - _ llrtk"! Dirrultion: [-:pon thr occurcl.c of a llarkct Disruption tr\rnt 0s sp.cilird iu .ri l5_.1

\D4linilion 4,uarlcl Disru7thrrt Et"ht)- thc Cal.lrlalrrlll Agcnr shall dct'nninc arr altcrrraiire pricc ro uhrclrrhe rel$dnl lrdirrduri ('orrrncr \h.ll bc sc{tled (lhe ,'Ali(r atlye S0tflcmrlrt prlcc,,) acconlillg kl thciipplicnhlr I r I lha.k N'l uijhu n is nt rontlircd in rhe pror i:iions o f i I 5 .j I h allbock .llechaaisn ). l,r rh.' !'\.cn r of o!1lrl.l l)i\Ilrnrion !:\'cnr- rlrr' order ol suuccssion 01'{ I.i.3 horn (a) !o (c} shnll b!. bindir! !pon rhe calcularl(tlr,\gert. lh ( ul:i:lurion.{rurr carr orrlv use thc n!'rl lirlio\r.ing fallbick Ii.,chunism prorision iith., prc\iout,l:ullbaek llrrhrnrsnr pfurriron i, ndr a!.lilrbic due ro a M&kr,t Dislupriut E\ent or othcn+isc ai pr(n id!,d ilri 15.-'i. u' 1a,',1,.r1r1...

.1. l.ullbscl llechrnismi In thc uvc t of a \4arkcr Disruption livL,rtl lhc (illrularion AgeIl shallr.lctr'trltttrr thc ..\ltr'marirc Sc[lJrncnt Pric!' nccording t(, rhc lbllo*.ing pruccdurc {('ach a 'Fsllbackll(eh:rtri!m')i

Idllba(k Rrf€rcn{o Pricc: 'fhc Cnlculatil,l Agcrll shnl] dctennine thc Altrrnrii\.. S,j(lemcnt,'n(,j bx\cd !f()n lhc ftricc ior thNt (alculillion Datc o1'lh. firs! Allantctc Conlmodit).R.le!t1(c l)nce. il i ). sf(-(ilicd ir th. nppli(able lndi!id[a, Contracl atd r\'hich is nol ltscll:uhjtcl to a ilxrkcr Di\.uption lrcnr: if an Allcmah Colnn)odiry ,l!.ler.ncL'l'ric!'has nolbi'cn iisr.sd ('lr In the lndi\idtul Contfirc!. rhe n.\l apFlicablc Fnllback tlech0ni5m shall applrl.irr llia rcl!'\iinl llrdi!idurll (lorrtrrct:

(ht \egoti{tcd Fallbuck: lrach lr,lny shail pmmprl,v ncgoliatc in goud lnith lo agrcr'wirh rhc{}lh!r or aI Altcnlali\'.' Selll!'m!'nt Pric(. (or a mcthod {ir delerminirrg thi Alt.n li!rS.rllenr.nt pri.!'). ard. ifth.'Panies ha\. ol 5() agr!'ed on or hcfore lhc llfih (,srlr) lluliicssDa! tolii,u ing thc 6rst Caleuhtion Dnte on $hich rhe l\4trkcl Dirrlpri{ni tlcnr exisrqd. lhe&'rt apllicihl. l-allback illcchanisnr shall appll-:

i.l li'alcr fallback: OI ol irftr't \i\ (6) Busincsr l)ays iblkr\irrg llte ,irJr Calcularion L)irlc on\ liich ih. \lirktt l)isftption h.\,enr occurrcd or c'sistcd. thc Ptnj!s sfull prrlnrprl) lrnd ioinrl),xrrrar {!-lon th!:{r..irldepcndanl leadnlg fanict)anrs in thc !Lltlant markct ("Dcalers"i srlectcd:o good t'irith llorn among panicipants rrl the high.!i1 eredit starrding \\hich \alisl) illl lh.iiil0r'irt ll)rl til. l'u itt uppl:_ gcncrally in Jesiding $helhcr lo ol-lcr or lo rruke fil cKt\rrtior ol'ai.dit or r(r arlir into r transactior co,nparablc lo the lndiriduul ( ontr.rcl lhat is tlft|L'lad h!lh(' \lx!'ial l)isru$id li\enl -lhc DcahN shall bc ippoi[lqd rc nrake d detdnrinari(m ol thcAll(n$ri!. Scttlemenr l'rice uliing imo .orlsidrftri(rn rhc lalc\l l\,ailablc quorolion I'or lhcr.lc\iint (ornnkrdiLy r.'fcrence prrcc ud any othcl inlonration that in good laith is drerrrcd:elcrlnt. llrc Ailtrnaliia Scttlcmcnt ltricc rhail bq lh('rrilhmctic ficilu oftha tli&\i itrnolnlsdctlrnrin(l r{, b\' th.- Alt€nlati!r Senl!.ment Pricr hy caah Dcalrr. in which cas(' lhctelculatiilr sh:ill hs bioding irnd toncluiiv. ill thc rbrsr(r of nanili,sl crro..

.1. Ddin itiolr .rf ]l.rlct Disruption l:ventr "]r{rket Dl$ruption Event" undur this I l5 siull ntcau th.-c'rcnli \tinulat'rd unJer \ 15.,1 tar through ({) (thc ('xislencc of $hi.h shall bc tleterrttincd in i comnrcr.iallyreas.irLblc rnonn,.t' hy th. (-alculation,\g!'nr). for purposr:s of tlris I l5.Ll. "Price Source" shnll mce anr-iIsLiiu(ir!] dcrcrtr]inirg inLl pLrblishing thc price lbr a relevant commodily (o "Conmodit!' Rcfrr(ncc I'ricc"lincludurc.'\chrn!:es trading in any relc\ant lillure cortaacts or commodities on rvlrich thc Ikratirrg Prie'r' isha.crl

*1c inilu:. oi air-\ relcr:rnr Pricc Sourr:c 1o arrnounce or publish inl'onaation r'ecssary lilrJct(nrllrl.tl}: lr,,i (..tnrnoJrl\ Rcf.rincc Pri(-{:

th(' t.mporan Qr pa.rtancnt objeatilc unavailabilit) ol au!, ralc\illrt ( omr[odil"v R(lcrerrccl'ri!c,

I t!-mporur-1 or prrynlllelrl closifg of thc l)rice Sourcc of an! rLlcvsnl ('onrmodil! Relirc[ccI'ric!'i

rbi

ll

Copl'right C 200? by tiu.oporn F(derotkrr of 1:rcrg\' 'l rrdc.rlcniir)fl:,1{a,

iJ ) thL'.liscontilllarrac ol su:ilansioll oi'. rr lhl inlFDJition ofd tnttc!ial limitation on. trrding inrn\ rller:tnl lirtrrl's (onlracl or commodity ()tlclld by thc ralcvrtt exch.ng!- tbr rlk-( irnrrnoditl Rclcrcl]cr l'ricc:

lh{ o(curltncc \ilrcc lltc datc such Indiridual ( ourafl \vus !'rtt..!'d inm ola rrtatr:rial rhang!' inrhL' .lt'railr of rlL' conlporition ofor spccifications l"o. any- relcrant c<rrnmodii-r- or ('onrnrodityRctlrercc frigc (i) which arr en(cred irto or incorporotcd Lr ony rslclant lirtrLrct conlract orol'lir-r"rl by titc rel.'\,ru1t c)ichang! or (ii) \\{1ich arc uscd bl any- o$cr rel('}alll institution lbrd.terili[i!]g dr!' ( .nrrrnodity lleflreucr' Plicc in compitirg the pricf iufbn]urion nccr'ss:rn lirrdctc-lrinirg sueh !lotting Price; or

lhc oa(urrcnce sinc( lhc cornnlcnaemrnl ol the rcl!'vixtt lndividual Co trilct af a n)atcrialchargr irr th,: nl(lhod 0f a0lcllalion uscd tir an! rclctr[l Coml]1odii] Rc,crrncc Pricc todcrnnir:c the prier inibfiratiolr nccassary l'o, dctcrmirirlg such floaling price.

l.')

ar)

5. ( nl(uhtion Ageatt tlnlrs! rh|j Pani.s orherwisc io!'dt'v io the l:lcctioi SlNcr or irr rl1l"'rclc\irnlIrir"iii irl;rirl ( onrr( r. rlr(' S..ll('r .ihall hc rhc ( rrleulariorr Agctrr

$16Cuer![tees and C]redit SuDoort

Io ltddr!\s ar(h llrfl\'\ nsk rcitttiltg l() thu crcdireonhilress of the olhar Parly. and to $ecr.rc rhc promp!lirlillrncr:t lf all r'hliiiiliiori resultitrg irom this Ccncral Agrrcmenr and tndilidual (ltrnuacts. tl:c P::rticr nra.".'

ngrc(. ort or nl al]\ timc allcr lltc Llli'rli\e Dlrre. or at rhc timc efthc conefudirg oi (nch indi\iJrul (]onrru.r.up!]n tlrlr airlxrrlslilrc!'s in wtrich Caedil Suflporl Documcrlts mat br..quircd lo bc pro\idcrl fti| rhc trcncfir ofaP:rrty. ir:r,lurl:Ig. thc iorm ofCrcrjit SupfDfl Docunrcnts. rltc amount ofcrcdit sunporr. all{J lhc iddllity ol'on. orlrNir rr. Jr,l.ibl. t r(\l,r \Llf,'r' 1,r,,\ id.r,.

$t7Performance Assurarco

l. Right to Rrquirc Prrforltlrnc( -{ssuranac: A! !lr-!- rimc and lior]r tirDc to linrl'. \r'lren n Portt (lh']'R.quc{tirig Prrt}") hrli.l.i i goorl laith rltar a Mrrcrill Ad!cr\!' (:ha[ge has occuntd in r$p.'ct ol lheorh.r li)nl-. lhr R(qrcsritll Pxl1! ihal: bc elrtlrl.d ht rcquire. by *riren noricc. thdr lhc olller lhn] pro\ id! lo ilcr' :tlar.r\.r Ir irnolttil: (.r] r l-rltt. ol CrcdiL: (h) calsh: i]r'{c) othcr lccurity (illcludirrg a b lli or putcnlg!rtuni*jl, irr r lir,r, ard anrt,r:trt rc:tsonably.' itccaptlbl(' rc lhs' Rcqucstirlg Pan) {eich :l 'PcrforirrantcAssur.ncc"i. l.:noB rc!!ipr ol trch \rri0!'n notirc. llrr'ollrcr Fal'!! shall \rilhifi lhrec (3) Ilusiness Drtr Pro\id.'lc ([a l({quariilg I'irt} ihc |tcrlbr lit ec Asrurancc rcqr.rilr,'r.i.

1. llrt(,rirl ,l.li {:nre Chang(: A Mat('ridl Adrcnc (hangc shull lravc occunqd if any r.rnc or morc ol'lirllorving q,.ert> h;r' ilc(urrcd irIrd ir conlinuing insofar 45g[93gl]!! spccilicd as {rolvin{ lo a Pnrt\ in rhcIls(riolL,shcu(:

(lr (lrrdit Rrting: Il rhr'Ciedir Ratnrg ol an Lmity lisred in {i)liii). .ach such Enliry r-(ing n'Rrlrvant llntiq'' of rlch l,any. ir $ ithdrll$'n or dorvngadc'd bclow dre gg!i!1g-5g-41fusLrci Itarw in tlre Lill}ciirn Shc*tr

(i) rh. olh!'r Pan]. lurlltss ali ol thal other l'anl- s lilratcial obligations under thcAgll:cftenl arL't!ll), guaranlced or msurcd urdcr a Cradit Suppl)n Docuoa:ntti or

{i:i lhc orhcr Frn\. s ( rcdir Suppoi l}roridcr lrnhcr dlur:} b{lk)r or

{irjl irnl [.nlit] rvho is a parl! to a conlrol and,or protjt transli-r:lgrearncrrti $r'rlr/rrrt /rarsr-(;t u intbhliihntni\nfirug) uitirin the nrcd ing o,- *lc CartrxflSroijk ( orroriiri.nr A.l (,llri.?.g.rcttr; "lkt,) la "Cnnltul nni I'rofa Trubkr4$t?!mqt"\ Nith rhr- othcr Pafl! and su.h dhcr lan) is in rcletion lr) ruch Lntil).iri !rhiidir.)' (r',:r \!hirh luch lrnriry Lrrs colltRll (l ''( o[trolllng Portt"')i or

t8

Coplright iC 2007 bf Lurolern l'cderetio,r of Escrgt .l r.d$s\ ersion l,l(a)

{iil

iiri

(.)

(di

{lii

Credit Rrtang of , Crcdit Suppon Prorid.r that is a lllrok: llth. ( rcdit Ralin8 of it ba kirll irg ilr ih! rnhcr Parl] s (:redil Sunp lt Pror'idcr is u'ithdrawll o. dolrngnd.d bcbu the

@:or

finltlrial Colcn{nts: lnsolilr as e llelcrant l:intitl d(rs ntx hrlc a Credit l{Lrting. il such

lirl(!anr [',r]lily decs nol lllilll any olthr' following t,uncol requimnl.Irts irs dctrrminrd byrcrircncc lo ili rnosr rr'cetl l'rnancial statemcnt:

(jl l:Blf to lntcrc$ti The ralio of tiull lo rhc sum ofall inlercsi ard:rD.ulr(rulti i[rhc rrllrur'.' of inrr'rcst chalgcd to exfcrlsa rclijrlirrg to finortcial ittdebledness iirrboro*crl moncy {\hi('h include.i debts payable to At}ilialcs as ttcll rs dcblinst.nrrcnts !o inun.ial iustitutions) lbr such Relevanl l:nlily itr any liscal ]-!'ar iJ

greucr tlrun tr ratio !!!!:ill!!Li!-!tLL&!!iglLs.\!!!;

(ii) lundr from Opcrrli{rns: -l he ratio ol lundt trorn f)pcrdlidts l(}

-[ot:rl Dcbl lbrJrrchRel.\'ant l:nrit! in irn-r. fiscal ycrr is grcat$ tlun lhc !g!iu-!!!!iIs!-i[lE-LE!!!!u!13s1: r:r

liii) lot*l Dcbt rl, Total Clpilsllsrtion: l-ht fitio ()l'-lolal Debt to loul ( apttalisirliolll(Jr r$rh R*lcvrnl l:ntily in any t]scal l-ear is lcss lhan tlrc r.tiu rrr.cilicd ill lhe

l!.rli.t::.Slssli or

De(liflc ir lingibl( \el \tr'{rrth: Il thc'Iangibl!' Nct wonh of it Relcvanl hniU l'alls hclt)w

ihr !llr.9!!:uir!qils{ia!.!sl"Lgs!i!!-Slu{: o.

Iilpirt of Perr'orm{nae Assurrnce or Crcdit Support Document lf atl;" Perfrrrrtrancc

.\aruralra or irny Cr,udil Suppon D(xufiint cxnirer or lel.tninaigs rvith rcrpect to al1)

oatsurrrr.linr'l obligatiors of lhc olh.r l'any undcr the Agreernsnt. or. if a l'r.'riirmtanc.:Aisur-Jr(. ui Crldit Sulfron Documenl ij du!'lo ('xpire or temrinate u'ithin thc !q]9!Lg-["!!!gif iu\. s9.ciri.1l in llll Llecrioo Shect, or lhc l:iling or c!'!sing of ruclr (.cdit Sultpon

Do.lmcnt tr) br lir iirll lilrcc or etloc! ti)r thc PLrrpose ol the Agrccnlcnt (in ttoh casq olllerthi{l rn iiraorlluDee rvith thc it! ltnns or fie lerms oflhe Agrccmctlt) betb('lho salislitlion ofnl! out\[rndilrg obliEiilions ol !u.h other Party undaa lhc Agrconcnl to uhiclr sr.tch ( rcr'lit

SrpporL l)o.umsnl rclatei. $ ilhoul lhc \rri{t!'n conscnl oi lhe Rtqueslillg Parl)'.

Faihre o{ Perlormoocc Asturtrce or Credit Support Dftutncnt: la an]- ( rcdil SufporlPro\ idcr or P(rlinrlsncc Assulalr{:c pro! ider oa l ha other Pcdy d is l ll m}i' disc li} ims, r!'vohcs'

rrprdiirtc. or rL'ie.ts i[ *'holc or in parl. or ohull.[gr'r the |alidil-v ot] an) ('rcdil SlLnp(rrl

Dr.urrr.rtt i.n Pcrti,.m:lrl.c Assurance pn:ridcd by il or olhenvisc l'rils x) uonDly $ilh or

;1.r!i,ir) ris ohii!,llii{rs undel or in rospecl of suclr CGdil SuPpo[ l)ocume[l or Pc'ftn'manc'

,\\.(riur(t xni silch iiiltlr0 is co[linuin* atler uny applicablc gracc or tule Pcrjr)di or

I:rilure of Control afid Prolit Trtn$fcr .{grccmc$t: lf uny Coilrolli,rg I'an} of thc otller

Parl r.lisatiirms. disclaitls. rcvokcs. rcPudiarcs or rciecls in $hole or in pa[, or lhilllcnScs lh.}

rrtiilir.v oL anl ('(nnrol nd lrrofil Trzursltr Agrccmcnl entc.c.l il1to by- it or olh!'n'! ise lJils locorrrpll' rrith or pcribrm its olrligationi under such Cortrol nnd |tl"ofil 'lransf'cr Agrcl)mcnt: or

Imp{ir(d .{bility to Pcrform: lf ir1 lh. r!'xsollalr,e lnd g(rod liith olilion ol lhc' Reqtlcslin-q

Prr!}. thc tthrhlt rt !h. Rllqvrnl tirtity lo pcrl'r;Lrr its ubligntiorrs ulld'r the Agtqenlonl' riny

ai.i:r Sxpf.,( l)dc n:cnt or a.1}. (irntrol:rnd Pruft!'Iranstir Agrc!'nrcn!, as thc c&sc nla\' ba.

i: nulcriJll) irnDxrrrl.1.

.{nlalgrmrlion/\tcrgcr; lf llrr othr:r Pany r)r its Credil Slrtl}o proYidcr undcrgo's it chuirS'

.,1 .orrrrol. consolidaiL'\ ,)r irrlalganral!'s wirh. or mcrgcs u'ith or inlo. o. trmslcrs xll o':Ib\unri:ril! xll iN lssuts !.r. or raorganisas. incorporatos. acillcorPorates. or rtcrinrlitutijs rntL\

or as. anolhr'r liltil!. or atNlhaa Ell(ity tron:il'ers all rrr substantiall-v all its a:sr'ts tr:. or

r(-or--gflniseJ. incorpoiarc", rcincorporalcs. or rtconsaitulcs irtto or'as. suclt (rth!'!'P![Y or il'(-rcJit supfx)n l)rL^ ider and:

{tl

l9

( opyrighi x'200? bt Europcan Iedtraaiorl of l:ncrgi Tradcr3|crsion 2.1(a)

iil th!' crcditworhincss of such I,.rn!. irs ( redit Slllpofi t,ro\ idL,r or lh!. .csulring.\un r\ing, trnrsfitrc. oi iucccssor Entil! is nutcdally $cificr thall thtl ol rh. orhcrfrn! or su(h ( redit Suppon t rovidl-r. !s the cise rnxy he. inllnediorelt pri{)r. to suuh

(ii) rh,J rrsoliir!.:iurvi!ing, translcred or sllcccssor llntil) loils to assrLntc all theobligations ef rhal orlrcr Pany or such Crcdir Suppon frovider nndcr th. .\grecmcntor,rn) ( r.diL Suppofl Documc[t to which it or ils prcdecessor was a party b"v- cirlrcropchlion of l!$' oa purt ant to att agreemc[( rcasonobly satisl:rctory io th!,Requ!'{ritg llrrty: or

{iri) rhc berl.ills ol any ( rr.lil Supporr Doou,n.nt cc!5c or fa,i ro cxlcnd {\r,ithoul rhccilnsL'irt ot' thr Reclueling Prny) rc thc p.rfbmrlnct br srclr resulting. surviring.lransler rt .Jr slta!-asJor Lntily of il-< oblifalions Ltnd$ lhc Agreenrlrll.

$t8Prorision of !inaocill Ststemcnts and faneible \ea l! orth

l. Pro\ ision of ljinrrcial Sta(cmc[tr: Unlcss orhcrwisc soccifird in lhe L-lccrion Shecl. il rcqucsr.'d b!a fanv. thc 0lher P n\ shrll dcliler

{r) $illiin j:l)dr}i lbllowing the endofcu.h fisqnl y.ar- r copy ofsuch orh!.r l,an}- s. or ti,r su(hpJnoi ril!'othel hfl-! i ohligalion nrc sullorted b-v" a Crcdir Swporr Proridcr or il ir is a pany() n (lnrrcl xlld l'rolil Tralsler Asrccnlcrlt. its Credit Suppon Prolidcr's or irJ ( onrrolling,'xrt\"\. at lhc {jria rlrar be. unrtual reg)n cdruaining audited co[solidatrt ti&]ncirl stltcmcntsii,r'such tisaal tc:lr. alld

lbi \\ilhiisi\r!(fi).idolsail(,.lhccndof$choli$finitlh{ccfiscal qua(.r! ol'tach fisc.ll }cnr. ir

copl nt'it:i r,luaaerll rcpori aor)tairirlg unaldited corsolidatcd fi[ancial stittc,nellts: and

:. Declilrc in llrnglblo \ct llorth: @ossoon:i\ r! h.ar!nr! i:r{u[c i'suclr dct]irr.'. cach Panv sholl promptly llorl.y., the oth.r l]ny of rht occurdrcc (\, ad.( lir.' ril rl! Tiin8ihl!. \!l \\ onh ur thL' farrgiblc \at Wonh of iis C'rcdh Suppon Prolkl!'r or C onlr.rllingl'an!. io J i(!.1 b.lL$ rhr Jtitounl

'ioc.ified in the Elacliol) Shuet.

,1, ,lccou.rling Principlrs: h.ll crtes thc lirdncial stirtrnrcnts.cferrcd l.l in this ll8 shall bcpref8lcd inxe(orliitllcu r irlj g.n$alll itr((plcd lacounrilrg principlcs in illc rclcvlnt j urisdict iLrrr

sreAssiunment

l. Prohibilioni \-.flh!r' I'ar!! shirll b. .nrirl!'d ro assign its righrs aud ubligatirnrs u[dcr llte ABrccnrull toa tltird f,a y uiiholt rlte prior wr'iltcrr consell1 ol lhe othcr ltany. Such .onscnl shlll rlot bti rlrlrcasonuLrl]dlltyeil. tclusd r.tr rrithltl,!

2. Arsi[nnrcrn to,tifilirteri: li this { 19.: is j'ccified !s aorrl]-i q in rhe hlecti.nr Shocr, e 0h I'ari} \halltrc ortillcd t,, as.igr] iG rigllt. lrid oblig,riolrs uadcr thc Agrccmcnr without rh!'prior wrillan cdlr('nl o,, thenlher l'an! lo an .\rlliatc r)l-an equitall'nr or graatar credirwonhiness, Such AssiSnnrenl shall only be'conrc'cJ'li\:li\. upori nDri(. b*irig rcr:rircrl b,'- rlru othcr Parry und: pro!iderl tlur any Crcdil S!ppon D'.rcumcnl issuldor ogrecd on hehall'olthc rsrigrrirtg Pafit has tirst bc.n rcisiued or anlcndcd {o sup}rort lhe obliSirtiuls o, llr.r\l,lliaic li)i r[c hcrrfii oflhu ({her I'nn].

$20Conlidentialitl

l. ( onfidentirlii) Ohligrtior: l.lnlcss lhis {:0 rs snecitied rs not iipnl.yils $ rh. l-lection Sh..t. lndsubiccr ro \ 2tt-2 iExct !i.rn$ lront (\,nfidential hrlotrrutiol). neithcr Pany sholl disclos. thc t('nns of anluli\idLal (i Lritcr {"Conlidcntial lnfornrqlion"} ro a third pany.

:0

CopFighr O 2007 bf Europcan lrdcretion of Ellerlt Trsders\ crsion 2,r(r)

:, ll\rlusion5 fronr Contidentiol lnfo.mstior: ( mtid$(ial lnfomrarion slnll not inclutlc irrlbnration*hi.h:

(r) ii dii(lo:iEd *irh thc o$c. Party's prior tvrittcn aouicnl

tb) r: Ji:clostrl by r Pony- to rh. Ncrwork Operutor. ils direr".rors. cmployccs. Atlilittcs. agents.prollsrional arlr iicrs. hank or ottur tirrancing instilution. rulirg ,gency or ittttnded assigrrc'c:

{.i i\ di.(l(!{.d ro conrply rvirh any applicablc larv. rcgulltion, or rule ol an.v exchirng!. \yslenroperrtor or rclulatoo- body. or irl colurcction with an-"_ courl or rcSulalory procecding:p,o\rJ&l rhlr cach I'x(t- shall. to llre exlrnt prnctioablc arrd pemlissit lu undcr su.h la\\.rc'gul.rrion. or rxlc. usc rcasonitblr ellons lo p'l](!'il or linrir thc disrlosure and to gi(c the.dr!:r Pr(! prompt nolia:s ofi!l

t (lr i-! in or lr\{ lllly .on'l.J mrc rhc public dofixlin orlrcr thao by a brcach of this "s

:0r or

{.'} is drrclosrrl (o pricL r{ponirg r-e!'ncics or for rhc calculation ol on ind.r providcd drJl Jurhdisclosurc ihailnot include tlle idertiiy ol lhc other Pa(!.

l. t:rpirationr A ['lrxt-'\ ob]ignliofl inrespcctofur hldi\idrol Conrract urtlcr this '!

20 sllnll crpirc r)r'tc

I I ) \ci! nliar Ih!' e\F imrioil ol'JUch lrrdir idrral ( orrtroct.

$ 2tReDresentatiolrs and WNrranties

If)pc.itird ns nnrlli { l(, x P,iELlL!tL!i!9!!ig!-S}gUl. lhal Pany hcreby rcprcst[ts and wrrranlii lo tlt other

Pxrl\ ufo]r .nrcring i!tt(r rhis Ccneral Agrccmsnr and r'aclr rime it crllcrs into sn Indi,;idual Co ract as foilows:

{r) il ii arr l;1lily drtly orgniircd. lelidly etisling 0nd itl gQod stIlndillg u$dsr th! l0ws ol ilsirrri\LILir,nr i)l irrlj.,rn"Ii!lron or OrPanrsxlion:

(h, rh. lunrng and tli.' tnt!-riIrg by il irito ol'th(' Gencritl Agreemcnt. any Cr.'dit Suppoa

l)ocrrmr:nt to qlrich it is a plny and eath Indi\idutl ( ontrtr:l and lh. (anJ-ing Qul of thc

Lrarlractiens coat!'ntpldlcd ttrcrein. shall not viola(e auy prorision of its tollilitutioualJrtrtnttrti:

(., rt hrs lhc po\r."-r xnd is ilurhoris.d lo.xt'cl.rla- dclivtr and pcriotm its t\bliFrtiors uidcr thc

Agrccmcrrt aD'.1 :ttt1 ('rcdit Slpport Ducunsnl !o whilh il is c patrJ- iltrd hns lulicn i)ll ncccrsai.r

x.ri()n td.urhods{ {har ("(c.ulion. deliBr}. perlirmBnt and i$ cntq' imo Llte Agrecnlcnt and

its r.:rcLurir.rn, tl.'livcrl' and lhr.' pcrtonn0nce ol' the Agrccmcnl rnd a[y Cr!-'diL SupporlL)rt[rnarl do [ot liolatc or conr'licl {ith an} otht'r tcrm or iiondilion alf [ir] couruct !() \lllichit rs a plrl-l) or rny constiu.rtioitil doct,ncnl. rule. lar{ or regtrlalion applicablc to il:

(dt nn l\lLrljrial R.'nson lor tenninali{}n as outlil.d in i 10.5 (Dey'nifion of M0teial Reos.,,It-qith reslr'ct Lo il hal occuned atld i5 aontinuing llld ro slcll a\'clll or ciroumsllncc \r'otlldoccLrr a:, i, resull ol hs enrcriflg into or pcrlbrmilg ils obligatiofi under the Agrce lcnt:

(t'l il has;rll goverrmcntal and reluliltory_ aulhorisnlio[i. approvals alld conttllti [ceesti,r] ,i)r itto l.j!].111! pcra$fln iis obligarrons undcr the Agrcemenl afld :rn)' ( redil Soppon Docum('rl l(r-*t:i(h i! ii p,rrt-\ :

(ii il hds fiagotintcd. !'n!erud irlto itnd (\ccultd the,{grccnlcnl ard Lrny ( rcdit SuFrpon Docllnli'lltt, *hith it i. :r panl rs pillcip.l (and nol 3s agcn{ ur in all]- olhtr capucity. fiduciary or.th!m i:a)i

(g) il rggullrrl) .lltlrs irlto lgrccmetlls t-or lh(' trnding of .'lcctricirl as .onlcmnlarcd b) lhc

,\1:rcemtnt, and dou:s so on a prollssional br$is irl cotrneotion uith its principal linc ofi,rrsinas\. and nln)_ hr'rcas(lnably characlcris.d as a prolissional rnarkct pany:

ll

Coplright O 2007 bt Eu.oporn Federution of En.'rg] '[radcr.\ rrlion Llti l

(h) it ir aatin! Lr ils olrn accoonl (and llot as id\isor- agarit. brokar or in an! olhcr crftrc ).lirlucian or oth.r\is(',. hts madc ils o\,[ indeprnd.nl dr"rision to cntcr iilo lhis Ccl{ralAlaecmcn! aflal aach lnJividuxi Collrrilel and ss to whclll!'r lhis Gclreml ,.1grecmenl ond aachsush [ldjudual {]ontracl is lppropriat( or proper tor il bard upor: its ou,n judgr'rncnt. r:, n,rtr!"1)i!!r upon lir. ad!ice or rcoonlmcndr(ioui of thc orher P0q' it so doing, iind is cllriLbl!' ol'rurscsrirg rlrc mcrits rrl', lnd u[dersltnds trd ae(clrr\. lhr lefins, .o[diaions ond ririks 01"thcr\grcullcrll:

lhe olltar ,tirrl-,- is rot actiig as its liduuiary or ild\1sr'fl

'l i! n(rt rcl)"'irlg upon an! raprcsenlalior lnade bl., tlre o rcr Pan)" other than lhose c\Fr!-ssly {cl

lirrth in llrc ercemel1r or any Credit Suppofl Docurncnr to \rhich it is a pa(1..':

il)Ll I I iDir

it i. a rupplic| t"li,:vr:r(r") l|ithir thc nlcanilrg of the (;crma hl.(lricity I:r\ Act

{Li

(1,

(,rl

{lr( trrrrlr.?/i ,!g\(,I: { ".tr1/rrs,(;")) ol March :{. I 999 ar}d {.jocs nol lcccpl cl.clricit}' is irr ..0dx:r'r'l"l-./:r!r'ri,?n.r.1j'). (ln rhis casc. ii'it has its rcgirtcreJ ollicc withitt (i!'r,nxny. .nd0pon !h! irlhr Pilil\'s rL'qucsl, it slrnll foNitrd clidente ol its pc!-misrirrr ria(o.dilg () rr 4 lrfStromst(iil

(mi with reipcci l{J r Pnrt} tilal is ar govenlmenial L.ntit} or prblic po$'!'r \}tlcttr. \uchrao\ !'firl[arll:ti lntity or prhlic p0\4cr Systenl rqprescnls and \i'atlarfi $ the othrr l'ilrl]'iislirlir{r. ii) lll rcts cccssar} li)l thr !alid ($cuion, dr']ivery {nd pcrlilrrnatce ol th('Asrc.'mlrlr. i,relu.lnlg $ilhonr limiutioll. conrpcriri!c hidding, publi( nolicc. i|ltuirnl.relirendufi. prirrr appropri:rtron oI otltcr rcquired proc('dllres l1]Ivc or shall be !ilk011 ultdp.rlorrncd: riil .nra! i0$ nrd perfonnancc ofthe Agreemcnt by ir go\crnnr!'nlrl brllity or

!\rlrli. Fx)\\cr:ij/rlern rrc lbr a prop!.r public purpose \ridlin thc meanitg ol- relcran!eonlrrurio'lal Lrr olhor govrrni[g dociJrn!'Its nlrd apolioablc la$i flnd (iii) the lcnn oi (hc

Airt ('c rent docs not crterld bryond any afrplicable liniiurion ialposed hy |lrl! rclc\artlcolr.litutionaI or orl]cr golcming documtlls irnd applisablc larv: arrd

(n) *ith rerpec: ro I Pany. it is not ittsolr'crtl. irnJ there are no pending ol tlncat(Ilcd lcglll oa

;rilrniniirarivr pro(lcdingi to w-hich il is J part! which to lhc hciit ot ils knotrlcdS!'$ouldnrxrcnall!':td}ursal! nttcct it! abilily to perlbnn irnt lndiliduirl ('annftcr undcr thc AgruL'mc tor rll\ t rld'l S{pporl DocLrnrt'nt to which it rs pitrlt. strch ral it could hccqnc insol\('lr(

$22Covrrnin! Lr$ snd Arbitrati0n

l.0o\,(rningL:r,l:@.1hiSAgrfcntnLjh3llb000l1ltlucdrd go\s|i.J t! rl)c 'ubintrilr La$r oI the |edcral RLlub,ic ot'(.i('mant, exi;luding ty apnlicalion ol lh.

"t nitc(l \ltr'.u\ ('!!1\crllion o0 ( ollir'rcrs lhr lhc lrtcrnalional Salc of Goodr ol April II.l9li0.'

2. .\rlritrution. [.nl*is otll.n\-isc rnccilicd in lhc l;l(ctior) Shccl. ar] dispulcs *-hi.h !tis!" in r.rt[c!tiul\\ilh rhc :\gr..[]e r sh3ll hr r'.li'rr.d li)r resolulion to thl'(;crmar lnstirution ofArLriratior (DIS) ond do.id('di!(a(,rdirlra to ir\ rill,.'- oillaing lhc .juai.diction ol lhc ordiDtD' cou(s- Thc nunrbet ol arhitralo6 shill bc thrcc.lhr lririrl"ri.r) .haii r.{ cordocrcd :n the l4lSlqC$plg j.llsd Eg!j9g58!]!.

$23Mircellaneous

t. Rc(ordin,: lrlephone Conlrrsltions: Hilch Pan) is rnrirlcd to rccord telephorrc con\'ersittioDi lliild ill((rllccri()n \\'ilh th!' i\grccfilcirl ilud Io usr.'lhe ranrc as e\,ideuce. tach [ttn], \\aivcs an] llrll**r olicaol such

rut.rrdrug and Lrclni!1.ledgi"'s lhxt il hir. ohlainld all rrcccssar]_ conscnts of itr orliccr and crnplo\ccr (r \ucht r'torrlir[.i.

2. \(,ticcs lnd ( otrrmuni(alion$: lt\ccfl ls olhel.\l,isc prolid*i hcrcin or ugrced wi l rcsltaal lo nn

1n(li\idual (i,nt.ircr. irll (*:ccs. d.ai3rxtioni or ifl!oiccs scnl by orc Parl)_ lo thl] oilrer ihall bc il1 \{'riling rltd

::Copf rlghl Cr 2007 h]- Europ.an fcdcration of l:nergi l rtdorr\ c!rion 2. | (.r)

{htlll bt (lclit(r.'d b,v" ltu.r (oternight mnil or couricr, F)srir-qc prepaid} or ficsinrite i$ rrrovidqd io ftc l--lrctionS1]!g. liach Plny rnar- ch.Duo irs noricc iniormation by \r..irton nolice io the olher- wdten noiirics-tlcc!;rmr i(,i-- ;rnd !n!oi.0i lhirll bg dc!'rtcd tc..ivcd a d ctlL-ctive:

rn) jl'Jclr\.'.cJ ht halrd. on lhc Busincss Du;- delivr'ruj or trn thc tirsi Business Duv alier thc duteot dclirt|l il'Jclirercd on a day., othcr thrn a llusiness Da1,t

{h) ii \(nt b! irst ciass lrost. on rh!' :nd lrusiscss Dcy afrcr lhc dalL' of post irlg. or ifscnt tiont on!'ar'rll|llt'v lo unothcr. orl lhc 5th l]ulincss Da_v dt1er thL'dat ofposting: or

(ei i, ilrx h-!., iar\imile trJnsmissi(nr rnd u r.,ilid t.ansmistirrn rcporl co titning good rcccipr is

{e!l('ralcd. on lhc dity ()l'lmnsmissii)n if transrnilted belbrc l?.(X) honl..i (recipicrlr't timc) or: il{:}u\in0jt Dir\ or o!h.nvi\. al ()9.00 houl1i (recipir t's tinr') on th. lirst l]usi[css Ds) i]ficr:rn'i:tnlrtsi(rtl.

:1. ,tm.ndmentli: h)iccpr irs pro!'id\.d ilr | 3 lcorrclu.ling ond (\rblirbriLg htdh,ilall Co racts) witlltrspeci lo (inllnnxtionr. lny rm!'ndnrnls or udditiurs lo lhis (i.nefttl Agrccm.nl shall bc msdc onl) itt$'ntinil siltn.d b! both l,ilrlili.

il. Psrtisl lnrrlidilri l t'. rL al1y ti$c. an] Droviiion ol'this (;cnaral Agrecncrrr or fil lndiridurl C()nrr.clis or bcr.lonrcs illegrl. involid or un!'flfbrceablc- iu any r.specl under thc lilw of any rcl!'lani ju.isdiclior.llcir]ler lhq l.girlil!- \oliilit]' rx{.nforcerbiliry ol drr rq raiuing frovirion$ ol'this Ccrlcrirl Agrucrn.nt or ofcll}InJi\idurl a.nrr).!. \hail b( in rn) wa1 ai1'ected or imp:rircd thcrcby. 'fh!' Pcflies turd.(.rkt lo repla.e a ]tlicgrl. inr:lirl

'x'Linr'rf.r.(:ruhic pro!:sio[ lrith a lcgxl, \{lid and clrlbr{.'ahlii pro\ision rvhich coml.s as.losc

xs Fojsiblt ic lh. ri,,alid prorisiou xr r.gards its ccoflotnic irt!'nl.

S. lhi.d ltrrtr Rlghtli: lh{ fiirties do n(it iNend that drly rhird pafly rhall harc uny rights undcr ot beahl!' trr !'|ilirr.c th. dcrcanNnl xnd lhe Pa ics !\cludc to ihc r\tcrlt Fxrmitcd lnder alplicrbl! la\t aflv suchrhir.l purt]' .ighis drnr mighr orl!.l11 isc b. ill}plicd.

l. rrcutc.l hy thc dul;- iuthori\r'd rlpr(5cnrarivx ofcaclr Parly !'fl'ectivc as ol rhc EIl..cli\c lx!('.

KfrL al tN Tte t\t,\ [:vl.\ u,'l., t,J Sigauk,4t i e\l

b{N!l!!= HANAI"(PI T hlt af'Siltt ttl r]'li(s !

G€$tx*L ilNf(:i rl'f il e o l'S ig nuo ryr'i e s I

:-1

( op!right,!'l 2007 b! Europ.,ad !(dtralion (jf l.ru:rgJ 'l'radcl''\ rr\ion 2. i{a)

A:s;t*t r?vrTGv ,^./[ ',/LLt** "l ,r4r1

EFET

European Federation of Energy Traders

Election Sheetto the

Ceneral Agreement

rvith an [] llectivc l)ate ot i I .0i.l0l 7

hc,t\een INTERPROM EOOI) and RESTART ENI]RCY ON ]:. LTD

("Prrt),A") (" Prrty B")

P.ART l: ( trSTOltlsATlON Of PROVISIONS lN THE GENERAI, ACREEIIIENT

$lSubiecl of Aere€menl

$ 1,2 l're-[ixisting(ontracts: lXi,rl.] shall lmlappl],

$20elinitions and Construction

$ 2.{ References ro'limtl 'l inre rcierenccs shall be: IX]us provided in the Ccrtcral Agrcemcnl((l:l).

$JConcluding and Confirming lndividual Controcts

$J.{ ,\uihori*ed Persons: }lti.-} shall Ug! ufJpl} ar rlrittcn in the (ic.r'r'tl i\gr$imcnt but inst. d shall

uPPll ls lirilorrs:

"{.Authorised I'erloirs: lndi\idu l (i)ntra.ts mt! onl.r bc cnrtr:lndcdbcnrccn thc uthrrriz-cd tradcrs ol_ lhc Pul1ie-\. hscrrl prior notic,: to thcconltur:. cilch fanJ a(Ln()\\ledgts and rcpt cseols to thc othcr l)rn) thll cil!hol'ils emfllolccs purp(r[ing to rcprL-scnl. negoliitlt and {nltl inlo onc {)!: m(r'cbindilg lndilidunl (:onlrocts on su[h l'.r[]'s helrall'shall b!'dcemcd to hc

an authorised tradcr ol lhut llan\."

$7\oo-Prrformanca Due lo Force Msieure

li 7.1 Dcfinithn ol'r'orce lUajrure: lXl $7.1 shall apply as $ritten in thc Cencral Agrccrnent.

$ 7.5 r\ ncl -s7.5 is added atler {?.4 as tbllors:

"5 Lolg Tcrm Force llajeure Limii: Notwithstanding. ald $irhourpreiudicc b the righrs ofa Part_v pu$uanr to $ 10.5(e) Force Majeurc.uhere in respect of one or rnore lndividual Conlracls (lhe "Forc€Mrjeure Affectcd Conrrrcts") rhe obligarions ol thc Claiming paruhavc been released or otherwise adversely atl'ected b) lbrce Mdeurelbr rnore lhan lhiny (30) consecutive days or l'or nlore than sixt)'{60) da;"s ir aggregale rvithin a pcriod ofone calcndar year. then rhePanr rvhich is not thc Claiming Parry shall havc rhc. right to lcrmir)0tesuch Force :Vlajcur('Alfucted Contracts b! givirrg r,r ritten [o{ice to theCtairning Partl.stipulating a da! not earlier than lhe dal such noticc is

c'tlcctivc &s thc dLlle oF tenrination of the Forcc Ma-jeurc Alfccted(irntaacls.

tlB)n lhe ellectiveness of srrch tenrlirution noticc. irn) pa\ ment (,r'

delivery nrade rmder one or more [orce Majeure A1l'ected (bnrficts b]a l'flny ("X") to thc other Pany {"Y") pric}r to such telmination in respcct

ol'$lrit'h X has nol received thc concspording deliveq or pa!'nrertt fronlY {ifanl would have been duc) shall in cise oi a payrncnt bc returncd toX or. in thc case of a delivery be compensatr,xl in cn-sh by.' pay'rncnt ol'th!'agrr'ed price for such delivery in cach case no later dran t\\'o (l) l]lrrinessDays tbllorving the date o[ cl']ectiveness of the relevanl tetmirationnotice-

[:ollot ing anr suclr pal rnent hy ]', or - wherc no suclr pa] rnenl bl'ronres

reletanl " upon the etleL'liveness of tenninalion ol'lhe ljotcc i'vlqieure

Allectdd Contracts. neilhcr P&n)' shall hal* an) tlnhcr liabilit)"u halsoever to thc other ir resFecl of ar) such tenninaled l'orcc lrlaie'urc

Atl'ccted Coffmcrs.

,{r1 iailure by Y lo retum a paymenl (or colrrpensation lbr a delirery) 10

X in accordancc with the tenns ()l'this provision shall ljonsritutc a\4ateriai Rcason 10.-i(a) Non l'erfomrutcc"

!i I0.28\pirttion Date:

$10Term and Termiration Rishas

l\ I * 10.: shall xpr.tlt and lhc l:rnirution I)ulc \hall bc : |. I l.l0l7

"s ll),J l rr riflrlidh lilr $xterinl Rcusonl :\ rrr\ I ll)..i(g) is rd.lcd at lhc rnd \)l .sl0.-'i(lli

{iji llthc-lermination Arrounl (c lculate(J pursuant to $10.1(c))ispalablc b1'the Tcmlinaling l)aft)'lo lhc olher Part)' thcn. at th(:]

discrction ofsuch IerminatingPart),and\ ilhout prior ooticc lo

lhr othar I)0n)'. lhc 'lerrn inal ion Amounl mx) be reducerl by itssct-otl against an) alnounls prilablc (netted. ifxctting js egrcad

upon and applicatlc in the Other Agrecrrlcol) b) thc oth!'r Pa \.

to the lcrrninating ['any undcr an] agreem.irl (the *Other

$ 10.+ .lxt.)mrtiL 'I crnlinrlioo;

I 10.5{{) \on-Perf{rrlltf,n(*:

Agre€menl") hct$een the other Pan) and the -l erminaring Pan)-

(lhe ,,Other Agrcemcnl .{mouBt"). 'fhe Other AgrcenrcnlAmount will be discharged autonratically 8nd in all respects tothc c\tenl of its set-ofl. lf the Terminatirrg Pafl\ elects toexcrcise its right to setoll under lhis s 10.3(g). it shall give noriccto the other Part!'at the latesr 1()g'.'ther rvith the notit'ication ofthe I'ermination Amount. lfan obligation is unascenained. thc'lerminaring Pam)' may in good fhith cstintare that obligali$n and

sel-otf in respect ol lhe eslirnatc. subject to lh(: relevanl Pan)accourling to the other when the obliaation is asccrtainc'd.Nothing in this $10.1(g) shall be cl'leclivc to creatc a charge orothcr sccurit\. interesl.

r\ Iu..l sh ll n(,t apnll 1()lr nt A-$ lll..l rhall not afpl\ 1.' l)rrt) l).

ll{).5(irt is amcndcd so thal thc pxrcnlhcsis thrrcin rcaJs:

"{olhc. lhan qhr;n such ohligaiion is rclccsed pur'uanl to i7 {1v('ir-l'crlirimirncc du- t! lilrcc :l,iaieurs) or suspenJcd undcr rtq {Su\pcnsion (!tl)clit(.r) or Accepttn.c ) i"

$10.5(a)(i) shall be amended to read as lbllo$r:

"(i) t-indcr the Agrecment: provided. rhat in th!' case ol" a t'ailure topay. such failurr: is not cured \r'ithin lrvo (2) Busincss t)a),s ol a

wrinen demand. or. in thr case of ary olher lailure of perli)nrancc.such lailrre is rol cured within nye (5) Business l)a1s of a rvriltendernand:"

$ 10.5(b)( ross Dcfrdlt trnd ,{rcelemlionr \ l{}.Jlb) shxll ulpl} (1) lrart) r\ drd k) Prl1). ll us lirllorrsr

'l h. rvording ol l l(r.: lh) ti) rnd (ii) shrll he dclcted and rcphceiJ lrl rhcli,!kxr ing:

{ir un) del.tulL rvtnt ol dr'l'irull or othcr' :inrilar cr.rniiition or lrcnttlrorrercr dcscrihrdt i rcsl.ct ol rl]ch l'arlt. such l'ur!)'s (rcditsupport l'.()\ ider i il such Pon) hirs r Crcdir sulpofl Pro\ idcr) or suchI'rrt)'s (irnlrolli!r8 I'art) (il ruch l)u[] docs nol h{r\e u (lrcdit supForll'(r\ idcr bul has a (}nrrolling Pan\ | !ndcr onc oa mr)rc sgrccrnents orinstnrmcnls rclatin-e ao Spccilicd InJebtcdness ol an-\ ol l.h. l(in.li\ iilrdll] rr collottively ) in an ir;lgregatc anNunt ()1' nol l.ss lhanthc I hrcshold ,,\mtrunl {o} spccilieLl li!r'thn! I' rt} urrJcr S l0.i(hi (iii})\\hiuh has resultcd in such Spccilie,J lni]cbrijdncrs bcr'onring. orhec(rning ('rintbfu irt such rirnt'ol'hcing rlctlared. Jue anJ pi.ryli'lc. r'r

( iii lhc dcluull ()l a t'arl] {)r its Crcdil Supp(,rt l}ro\ idcr or (i!ttn)lling l'rn.\t irtrlir idutlll (n' collccti\ cl) ) 1() male rutt' rr ntorc pal nrcntr on thq \lut,lalc lhcrcof in an jg:rcualc itn'lr)url (r'nol lcss than lhe lhrcsholdr\rl()unl lor thal I'an) unJcr orc or rirore agreemcils (rr instn!$cnlsrclirtinB lo Spcci licd I nJchcdncss { aticr gi\ iog el}i'ct ro an! afplicahlcnoticrr rcquircnreut or grace ftcri{xj) and

{iii} li)rihe puryr,sc r{the xho\e. lhc lhrciihold Am()unl shrtll Lle li)r

Pan] A: e I.01)0.00(l(one millirrn l:tlRy 1n1 1i,,

I,an\ li: € 1.t,0(,-o0() i onc mi ion l,t,R).

!i ll).5(clwindi$g-up/triohencylAlachment: 910.5(c) (iv) shall be dclercd in its enliret). and;rnrcn,,lt'd s ith the lbllorr ing rrording:

institutes or has instiiuled againsl it a proeeeding seeking ajudgment ol" insolvency or trankruptcy or atr)i ollrr relief underany bankruptcy or insolverq- law or other similar lau allectingcredilors' rights, or a pelitior is presented lirr its uinding-up orliquidation. and either { I) results in ajudgrnent of insolvency orbankruptcv or the enrD' ofan ord!'r lbr reliefor lhc rnaking ofanordcr tbr its r.rinding-up or liquidation (ll) it is not uithdra\o.disrnissed- discharged. stated or restmined ir sach case within thebelorv tirre period:

a) xero (0) days. i1'a l,art,,- ol its Crcdit Suppon Providcr instirulessuch a procceding against irsell:

b) zrro (0) da]-s. if any ofthe proceedings specified in $ 10..i(c)(iv) has been instinrted against a Pan!' or ils Credit SuptxrnProvider and such Panl'or its Credil Suppon Provider- as thc'casr. mal be. is unable lo pa) its debts as theJ f'all duc. or is

otherwise in a position \1hilh justil''ies the conmclrcement ol'such insolrencl- procerding!:

c, fourtee[ (14)calendar days in alr1' othcr cases insollr a

proceedings or petilion retbrrcd to in l0.i(c)(i\,) has been

instiluted or presentcd by a lhird pany against a Panl nr its(lrcdit Suppon Provider. l'his shall constit$e a Matr.'rial Relsonunlc-ss thc Det'aulting Paay has provided the Non-DclaultirtgPan!'!,r'ith Perfbrmancr' Assurance in an arlrount arld in a lirnnacceptable to the Non-Dcfhultirrg Pari! \\ ithin ( I ) one BusincssDay of being so requcstcd b! lhe Nor-Dcl'aulting Pany.

$ 10.5{dt} ailure lo Drliver .rr .,\((ept: I10.5{ d ) shtll uppl). I hc grace periorJ in I10.5(tl ) sh.lll rclrd: ":or nlorclh:ln l\\o i:) {i)oseculirc rlers o| li,r nrr,rrr thun li\r i5) da}s ir1 a8grqgxlr \!ilhi a p!'riod oi-ninct} (9{}) dn)s".lunJ lirth(r \ ith an Jrrundm.nt \o lhat lhc parcnlh{sis t'elir&. thcrc reads:

S Il).a()tlrrr \luterilrl llcrso s:

"tether than when such obligation is rtlc'ased pursuant 10 $? (Non-Perlirtlrarcc due to l:orce l4ajeure) or suspeodcd under $9(Suspension ol Delivery or Acceptance))"

lhe lirllorring addrtion{l Vlrtcriill Rcasorr shall lppll tl, bolh l'al1} ,\ Jt),1

|irrt) l) us a nc\r Sll).5(g):

"1$ Def{ult llnder Spectti€d 'lrarsaction: 'lltc l'an1. an) ('rcdil suPp('rt

I\lxiJur ol such l'rn) <rr an-r :tlFlictblc SP.cili!'d l, tit) i'l srich l'arl)d.lillrlts Jli.r giring cllect to nn) ipllicnblc nlrtict rL'Llnircntenl or Srucc

Jrrrirri.l in maling un) pa)mcnl ,luc,rn thc ldst nulrncol or c\changa dille

ulJer an1 \pccilicd I ransrction or un1 lrlmerlt on carl] lurnrindlion ol-dSir!ilicd I r!nsaction.

$ l2 ..1ppli(rtion l,f l.i rilation:

l:(). thc purB)sci ol'thc bo\c. "Speclfied 'fr{nsrction" mlirns: (a} iln.\trinsarlion (incllding an agrccnlerl \,!ith t!-speat t() an) ruch trJnsilation)no\{ c\istifle or hor(u1icr entcrcd in&) hct\\ecn otr!. ftattr k) this AgreLrncntl{r an\ ('redil SupFDrt Pro\ idcr ol \uch p.rn-! o. nn} spplidablc Sp.cilicdl:nlil\ ol such port) ) und (hc othcr pan) t0 Lhis.,\grccmcrl {(|f an] ('rcditS!pf\)n l'ro!idcr (rl such othcr pm) or an) )lplicihle Spceilid l.nlil) ot'\uch r')fl) ) \\ hich is nol sn lndi\ idftl ( rrnlracl ufider lhilr Agtcemenl hul ( i)$hich is i rric s\\rp transaclion. :i\\itp oplion. busis s$ap. lor\\urd rdtctrirnsxction. c(rmmodil] srrlp. commoditl ()prirrn. cquir) or cquitl inJe\r$:tp, equill u crluit) ind!'\ oplion. bond r4rtirrll. irlcrcst ralc r)!lion. li)r(iunc\charl!! lrunsaalir)n. cap traflsacli(]n. lloor transaction- colhr trursauti(nr.(uar!'nc\ s\vaP lfanluctiur. cross-curcnc) r:ttc s\r3fr lransitctilrn. curacnc\('p!ion. crcJit p.oleclion truniitclion. cr!'Jil srrap, crcr.iir delirulr suap, crudirJclnult opi.ion. tr)lul rclurn srrup. crcdit sfraad tronsoclion. rcptlrahi$ctrat$ation. ac\crsu rcpurchlsc trunsacti(x. hur,scll-back lriurixcti()n.:ccurilies Icnrlirtg lrun\aeti(ln. \rcolher ioJe\ transacli()n or ii)r\\ ord ptrrhitsc(|r rilc ol'a sccuril). !:onrnr()dil) or othcr llnanciirl instrunrcnt rrr intrrcsl. orphlsical sars. po$cr. cmissir:ns. li.ight rrxnsactir)ns (irrcludirrg al]_r t|pti,,rrrrili: respcct to anr ol'lhcs( trirnsaclio.ls). agI.clnrnt li)r thc nurchasc. s!l!'or ltansi('r',.)t an) (.()rl[oJit] o. on\ (}rhcr ((, m(!dit) trading or('rrnrmodit! ilcri\rti\c trrnsaciion or an\' olhcr sinrilirr uonsorliorr( in.ludinS un! optior wilh rc!t&*t to anl (,l lhric rrdnsacti.ms l. or I ii) \ h ioh

is x ulc ol'taa saction lhri is sinrilar tr., an\ trnnsdltio[ rel(' eJ t() in ahusc(i) irhr\( thrl is 0urronll\. (u in thc lirture hcaomcr. r'fcurtrntl) cntcrcJ illt()ir ihc comnroditics n]a.kets u lintncial markcls (incluJing tcrnls and

cruelitions incorporutcJ tI rcli'rcnu{ in ruch agrccftent) lnJ uhii'h is u

li)nriud. s\rip. liltura. option or r)lhur dcli\a!i\(,ol] lrnc or nlora riltcs.crlrrtncit\. ronrrtodities. cquity securilics or othcr cquil) irlslrunrents. dchlrccuritics or $lhrr deh instrumunts- (cononlic indicc\ r1r nrcil\urljs (rl'

ccorlrmic risk or raluc" or olhca br'nchm rks against \rlriclr flnlnrcrts or'

r:ic'lircrits are (r bc rradc. (h) n) e()mbillui.ion oflhcsc lrrrlsodli(rns jnd (a]j

_! (,Ihcr lraniueti(ln idcililicd !\ d srtccilied lfrnsaclion in this grcem('ntor ihr rrlc\Jnt conlirnration

lhe rrold "Clommoditl" murns iln-! tangihla (Jr intan!:iblc con1,!)odil) olun) 1)pc or cicscriptiQrr iincludirg. rrithout li itati(in. !lcclric p(^\'cr.

ciccric po\tcr cupacitl,. n:rturrl ga-s. na[rral gas liquids. hlutiug (,il. othcr

fetroleunl hr-froduc!s. lirrlJi. $cathrr dcrirali!r's. g,rcn .ofliiicitlc! orenrissioo ullorranccs)

Sle{ified Ertiry mcuns ir rclation t0 Pad) A 1or th( lurpo:,c ol Lhc ibo\ r,':

\ot applicable.

Speciticd [-rtil] mcxns in relati,rrr to l'itn] l.],i,r thc purpr)sr (tl tltc )h)\cl\r't.'\ppliceb|-'.

$12Limitrtion of Lirbility

!s l.: ;hall iltpl) r\ $ rittrn in rhe (,cncrxl A!:r.crncnt.

$ l.].2Pllvment:

$ I3.JPalmcol Nening:

$ lJ.Slot$resr Rale:

l.l.6l)i!pulcd .lmoulttsl

$t3lnvoicins and Pavment

lniaixi billing and pn)ment ioli)rmation lilr cach t,an\ is sct out in Ilj (,l rhi![:lcction ShccL. lor the ar oidance crl duuht, lhc pa) nrcni obligution i,l u l,un]shrll hare h*n conrplicrJ uith iathc {mounl so duc is rcecirerl rrn rhrrcle\ {nl p{\rncnl tddrclis or hank oeco nl no l*lel.lh$n on ll}c lrlerrnt l)u0l)ate.

.ti li.-i shrll appl.r.

I he lntcrest ll.are shall hc thr'onc rl()nth lit lRlB()lt inlcrcst ratc lilr I l:0{}a. i. on lh!' I)ue l)ore. plus one-Jnd-a-hall percenl I1.50 qi,) pcr month.fir(r\ idcd howoler tlur in no r\'cnr shall lhe Inilrest llatc bc l(.ss lhrrn zero.

"s

ll.6(h) shull !0pl).

$l{VAT and Other Taxes

$ 11.8 |'erm ifirtion for \er 'lax: ['nlcss (]lhc]\ris! specilicd in Lhc tcrrns ol' tn lndi\ idual ( ontrircl

f,r'risi()ns ol ll4.ti sh ll appl! Lo 5uch lndi\idu l(onlrucl ('nl] incirtr,rnstanc* spccilied in lhc lir$ pirragraph ol \\ 1,t.8.

S 1.1.9* ithholding Ta\: Sl-t.9sh ll upFl].

$15Scltlemcra of FloatinE Prices rnd F llback Procedurcs For Mrrkea Disruption

S I S.5(-atculation \gentl Ih,l ( allulatkln ,,\gcnt shall be thc scllcr unl.ss thc llu)rr has lhc right &lr!rnrin0tc thr Agrcrfient tbr r i\4itcriirl Ilcason in trhich uurc thc I}lrlcrthili bc rhe ( alculltii)n r\gcnl.

$t6G uarantees and Credit Suoport

,s l6 ( rcdit luplrort Do(umeot$: I'anl ,{ \hall prcrr idc I'i,llt1 l] \\i& lhc ti)llo\\i g crcdil supp{trll)ocumcnl( s):

.1!: Ilnn[ (;uirutec ()r Parrnt (innpan) (;urranlcc iP((;] or othc.l'arlimorlcc A:isur.mce or f,ligiblc Crcdil Support doclrmen(s) in o li)rtlland o l a contcnt Jcccptlblc t(, l'urr) ll and a5 nla) bc in cristttlcc or pr,.lr ided

liom lime l() lirnc at n rcqlltsl liom PJrt] n (!l l'art) A's obliguti ns undt'rtlri:' Agrec$enr anJ undcr cach lndi\ iJual ((,otracL.

l'arl) ll shall pro\idc l'i() A !\ith the li'llo\!ing ( rc,.lir sopfortl)ocumenl(s):

^n) llJRk (ilaronlec or I'drcnt (i)nrfnnt (iuarJ8tcc {t'((i) ()r othcr

l'crl(,rnrncc Assurancu o. llligiblc Clcdil SufP()rt J{,ctrmdn(') in d 1i)rn]

JnJ ol-a inrtcnl xcceplirblc k) l'an) ;\ and as nral lt ifl c\istence or pro! i.leJlhrnl limc lo rimc at it rcqutst lionr l'un) ,\ ot lrirl) l]'s ohligirir)rls Lrndcr

lhis .\lrcenlenl nnd under !:dch I ndi\ idusl ('()nlracl.

( redir Suppofl l'ro\ ider{si $l l)art! A shall hc:

llltjLIrr

$ l6 ('redit S|lpporl Prorider:

$ I r-.2\rnre.i.l ,\drcrse ( hangc:

lo trc agr.'cd ,'r()nr tinr (r) lir'!rc {initisll} (}nr'}.

( rc.lil SrFport Pro\ id.r(sl 1rl'l,un\ ll sh{il hr':

lo trL ugrcrod l'r(!n timL t(t timc lilitiilll) n(lne).

$17Performance Assurance

I he ,illlo\!ing calcgorics of i\larcriirl Adrcrsc ehangc jhall apnl) l(, I)nn\

I I "r

l 7.2 {a) (Credit Rating). xrd lhe nrininrurn rari ng s[xll hc "t]lrl] j' h\Slrrdrrd & I'rxrr's rirancial Serticcs l.l.( {}r "llxa.i" h} !kx)d}'s ln\cstorSer\ iecs lnc.

l\ | t 17.: { h r ((lrcdit tlsling of (:rcdi( Supporl Pro}ider lh&t is a lhok}itnd thc nrininrunr rilling sh{ll h{j "lllJll.' h\ Stunddrd & l\rdr's f]in.inciulScr\icrs l-1,( or"lJiral" b\ \lood)'r I \cst(rr s.r\ i(cs lnc.

I I tl7: rt) (Fixancirl C.,vensrts). dodtlr( I lll I 1,, lntcrcst r:rti0 shirll hr-th. I !nd\ I rilnr Ofcratirnls l(r lotll l)eht ratio shall l'te: . Jndthe lr)ull [)chi ro I rrtal (.'apitalisation ratio shxll bc: , :

I I $l 7.: rd) (Decline in'Iargible let $orth). dnd th! rule\u)t Iigurc is:

I X | | I 7.2 ( c I ( g\pir! of Perform. ncc Assurloce or Credil Supprrrt)..irJ ih( relcrilnl linrc pcrioJ \hail br'-10 c{lc!rd.l. dil)sI \ I rl 17,: ( l') I tailure of Performance Assur.rn{e or C redit Su,lporl }:

I I \r I 7.1 I g) ( failur. of Corlrol & Profit l'rsnsfer Agrceroent':I I il7.l (h) {lmprired Abilitt lo Perlorm}r anJ

l\l { 17.: l i) (Am{lgrmaf ion/lllerger)

ln r(spect .rl th. ( rudir Il tinBs rclc.rcd hr i { I 7.1 r b). in thr: ercnt thrt thc

lpplieablc rcspcctirc entitJ has rach o! l\\(! Credil llalings. dlc trcing liLrrnstJnJrril & l'{r(rr's finuncial Sert;cL\ l,l-(',rnil thc.thr'r li.rnl llooJ}'\lrr\c\tu Scr\ icc5 llrc-. illld holh luch ( redit Raling\ ure not ('l lh!'sJ t( le\ 0l()l pxrit) (.omtionlt lnrlrn as "split ratings"l. thcn. liir lhe rroiilanc.'ol'Jrruht. thc hilihcst or' \och (rcdil I{ating \iill lrc uscJ k' detcrrnin!corrclLrsirel) \rhrthrr or nol lhc r$prcli\a \lirt!'rial Ad\crsc ( h[rlgc h s

lh. lallo$irrg catggorics ol \latcri.rl Adrcrsc Chrngc shull JPnll tit I'Jn)I.| |

Jl il7.l t ) (Credit Rating). a0d the 'nininum

rrting shirll h!"'tilill-" lr)stanJrrd & Poor's l'inancial Serrices Ll.('or "lJaa.i" ht \looJ]'\ ln\csltn'Scr\ia$ Iliu.

lXl i ll.: (h) (Crrdit Rrting ofCredit Sulport l'rovidcr thrt is e B{nk}anrl thc rriniuum rating:ihall r-L "llllll'" b) standar.J & l'ix,r's I inuncillSc!\iccs l.l.('t)r "Baal" ht \l,r ! s Inrestrrr Sr:rricc: 1n,,.

I I l'\I7.: (c) (l'inrncirl Covenanls). andlh! I Itl I l(r lrrtclr'rt r.rti,r rh.rll hc:thc l lnJs lrrom ()perl{i.rns k) lolul l)ebl rltio shall '^L: .., . ir1.lthc Iorol I),rht to l',rt!l ( xpitrlisa(ion l.trli,,shirll hc:.- -: I III7.1 |

I lld)(Declinr in't'angilrle \ea tlorth). nnd thc rclc\unl 'ilurc

i1l

.. 1

l\ I I 17.: t c) ( Erpiry of Pcrform{trce Assurtnce or ( redit suppo.l)-irl1d thc r!lc\!lr{ tima f(riod sh!ll t\ -l(lcxlclrdur ilir\\l\ I I 17.: i I) (l'ailure of Performtirce Assur{n.e or (:redil supl}orl):I I i ll.: tut {l-eitu"e ofControl & Profit -l'ra sfer lgr(errcnl)l

I I -sl7 : (h) (lmp{i.rd Ability ro Perforlll)r Ltnd

lX | $ 17.: ii) (.{malg{mstion/l}lergGr)

In rcspccr d, rhg (lcdit Ratings relified to. rcspcdti\rll in Sl7.: i t tnJ in

| 17.: { h). in rbc c\ clll that thc apnlicable rcspceti\ c ctlli!) hars cr.h ol"r!\o( r.dil l{atinls. onc heing Iiom StnnJard & Poor's l.inaneill scr\ic(,s l.l.('and rhc other lionr lkrd]'s lnrcstor Scnict's Ine.. anil h,lh such ('rtdilllatings lra n(rl ol thc sumc le\cl ol parit) (ur)mmonl) Lno\ln xs "splitr.rringi"). rhen. lilr thc' 3\ oidantC ol doubl. thc hiShest ol su.h C rcdil I{elir18\t ill hc 0scd tr) delcrminc crln.lusi\ cly *hcthct (rr nol the rcsp!'rii\'( \latcriil,\d\c.se ('hcnge ha5 eccuffcd.

li18l'ro\ isk).I ofFin&ncial Slrtements and'l's.r[ible Net lVorth

$ t8.l (r).q nnu{l Repons:

S 18. l{bX)uarrc.l} R.poris:

$18.2 I :.ngiblr \ct \lorth:

l\l l'an) A shall dclile[ unnual repons \\ ithin lli{} d.r)-s !llcr rhc end o,-rach

'iscillJcar lo lhe c\trnt thnrthc) nrc n(i il\rilahfu or1 Lhc intcrn,.'1. rt

]srr:J-l!'!q!-\!!l!l! {('r itn) replu!\emefl t sitcl.

l X l l'lrly ll shrll dcli\ cr rrnuirl .eFrrrts \\ irhin l {lo dn}s alicr thc cnd ol'crr:h liscal -rcar Lrr thc c\tcnt lhail thc) aro n()l araiiahlt (rn lhc ittLcrncl {l\]l\f-LtslulgtlgfsL& htto://ritam-bg.com/ { ot xn\ rcpla.c,ncnt ritr i.

l\ | llart] i1 nec,,! gq1 dcliver .1u:rnrrl) rq\!ns. nnd

l\l l'rrl] ll o{.:cd !1)! dcli\cr quivlcrlt repo s.

l\] l'Lrnt shrll har*qgrJutl tonotill as pror idc,J in {lll.2l\ I Prn) l] ih{ll hn\.'!u dut} l(' notil-\ LIs pro\ ided in I lli.2

$ l9.l .^l,srigr urt lo \lfilinte*:

$leAssisnmenl

l\l P.rrtl I nla,\ !q1.rssign in a.cordarrcc tith $19.2- and

lXl lro ) l] nla) $I)l assign in accordilrcc \\ith llq,2

$ 19.3 Assignment of the C laim for Termlnation Amounti A new $ 19.:l shall he added to lhc end

ol r 19.1 as iillon5:

"J As$ignrnert of the Clainr firr Terminrtion Amount: l-hc

l crnrinating Partl shall bc enlitled to assign its claim lbr lhcI'ermination Amount 10 an) lhird !art) wilhoul the coniellt of thc

other l'any."

$20Confidenlialitl

S 20.t(i)ntidenlialitl Obligrttun: Sl{! !h.rll nlply.

$2tR€Dresentatio]l and Warrrnties

I hr ' trlio!\ inE Ii.t1..s(nltlh)ns xnd \\ rrru|lics :rra mrdt:

\l l(a)\21(bt{l I{c)lirid)tl lie)!\l l{ u\: llg)\l l{h)il lii)\\: I li)t:l(l)\\llil)\:l(nr)llltn)l. .!rl!lilion l,iinl

^ rcpr(\ulr and u Jlt ants the illlo$'ing:

l!i,!JJiti,nr l'rrrl: [] rr'prcsenb *lJ \\arrirnt\ the li)llo\r ing:

$ 22, I Corerni.rg t.{$:

$ 22.!,\rhirr{tion:

5 2-1.2\orirtr. lnr oics\ :rrrl Pr\orcrrts:

T() PARTY A:

\otices I (lorrespondencc

^ddr!i5:

lcltnhon!' \,r:

c'atiril

Lt(

lnt oices

lr \ fl(\.:

$22Covernins Law aad Arbitration

lXl S::. I shtrllappl) !s $ritten.

l\l *{12.! shall applr Is \r,riltL'n !n.llhc Iiuguagt ol lhlj iuhitration shall hc

l.nglish.

$23!liscellsncous

br" Part! B:

lX l1'esl lnoX lycs [ ]noXlyes[ ]noXlles[ ]nirX lret [ ]no

lX l,res [ ]noIX.l .ves [ ]noIXlt.es[ ]noIX]1csl lnoIX]1cs[ .] no

IDLLE"rEDIres IX] no

[] ycs [x l no

IXlyesI lno

INI'HRPROI\4 EOOD

130-132 AI. Stambolils[i l]ltd." tittilLling A-Il.l^ ollicc I

'J59 lisl0lt28

+3i9 t5l{)Lf8

ttudc ri interpr(-)m-ltd.cllm

-12X00 {)0l0rl: l6Y

t,xr llt I t5:i66

.,'-j59 tt51{)lt:ll

b! rart' A:Xllesl lnoX l 1'es l lnoXllesI lnoI lyesl lnoX l1-esl lnoX l1r.sl inoXllesl jnoX I 1r's I lnoX]1esl jno.\ jres I I no

lDl:r.E l riD]

fl r* [X]nollycsiXlnolXlyesl lno

Prlmrttlsllu l oc.{)unr Jflirils lt!,t'11;ll\A l()NAt. .^SSItf I}ANK

lll^Nr l!(i26 lAllc 8098 l00l 5i12 lX)RI( : lAll(ill(iSF

't"radillg

iclc|honc \rlrlitr t.159: tll202jllrur .-159 3 9l0ll0tc-rrail ilhunk ri,iahxnk.b-u

ih) TO PARTY B:

\otices & ( orespondence RES-IART TNURCY ONli L ID\Ji|e.s: 6, Piara,{lerandru lvlocioni srr. ap.l

.i001 99 Timisoara

Rrrmaniu

r .l{rlJ6.l l.l l7J

+{0t56.1 l.l t7i

renato.dr)icaru ir rcsl.lrt cfi !,rg) . ro

I lcad OIi'icc

i.l{}-356..t lJ I 7i

ojljceir lcsUncnclg).r0

lulcph)no \i':I ur \o:t-muil

.\t1ellti0n:

lnvoices

lur \o:

lr-[t1!il

.\ll.cnIi{ul

PayatrnasIli.itri. il.coknl delail, llanco lrlnsil\ania. I imiso*ra l]ranch

lltr\\ R( )2tlBl li l,ll( ;R( R1 ()3lel6eq0 I

tltc tlt Rl"t(()22

lil( lOXR()R[]S'IAlt l---,1

VA I iJrr: l{0345[t12{){}.l

rsdinglcltph,,lrc \o +.1()?271,i6255

I l\ :40-1i(vl I.l173:\!lcnl;rr1: llcniltc) l)oicirru

.-nlril IS[@]l;jruLIgj!!Ig!9!:Srl9

'f 13.? sholl b! drlctcJ in its cntir{t) ond re ploccd $ ilh thc lirlhtr ing:

2 Notica$ and CoBmuni(ation!: I:-\ccpt as othcrrisc prolided hcrcin or irgrc!'d \\ith .esf:cut to nn

Indi\iJuel ( ()ntrudt. all noticcs. declarations or in\l)icea scnl t) one llan) kr th{ othcr \hall hc ir\r rlli.! ( \\ hilh lcnr shall ;ncluJe in rr riting pcr c-fixil) and shall ba dclir ercd b! lelter. 1o\ ernighlmril o! couriur. p{rstlLc{ lrcltJiJt iirc.,inrilu ,rr c-rnril 4L n()] idrd in lhc lls!f!gt-5-h!!LIlro\idcrl ho\\d\ijr trir! irn_' roliijc gi!cn pursurnr kr os ll),-i r)r unl petition lilr urhitrali.inhcrriilrt nrr! n{, bcJclircrcd tr) c-mail. l:r!h l,!rt! nra} chan-lLe ils noticc inlilrnralioll b} \\riltcn,iutirr: ll, rhc oth$. Wrilrcr ll(rticcs- declaralil)ns and in\oiccs.ihall b( dccmcd rucei\9d and

i{)ti.c lo lhc i,lhcr- \{ritlen noti{ci, dcclaratiorls ond in\oiecs shitll bc dcerlcd rucci\cd {ltdulllrii\ c

{ti) il Jrlitgr) tr\ hand. (mthe l}usitrss l):l! dcli!srqj or (}n th( lirst Busitlcss l)a) all{r rhc Jat.or delilrr) il ridli\ cr*d in a ddt othcr thufl a l]usincss Da; :

{h, il siinl h\ lirst ch\i Frst. r,n thc:"'l lilrsincss l)a} aticrthc dt)lc (rJ [,sting. r'r il'\cr]r tnxnr,!rc for.rltn 1,, irnother. on lht 51r llu*incss Da1 .rlicr the dt! ol fxrsling:

{i:} il s.nr h} l.lcsiniilc uansmissior] irnd a \rLlid uunsnlission.cport conll.ming good ruccipt isgcncr:rtcd. rrn tlrr Jal ol- trirnsff insi(}. il lrtnsnii(cd bcli)re 17,(I0 holrs (.e.ipienl s iirlc) on nllusiners l)ar or rltllcr$ise at 09.(X) hours {rrcilicnl's tinlei on thc li.st l}usincss l)n} alrst. thctrrttsrrrirsion. or

{d} il J.nt h.\ .-nrril (unless !n uul(rnatilJll) gen{:ratcd rlelir',.'r) liilure olussalc is rceci\cdpr(nr1plij thcrq0ltcr h1 lhc:enrlcr in rcspqcl ofthirt r-mailr. rl th. timc sent. pr()\idcd ho\\cYcr.that iflhc.-rnail is senl alicr 17.1)0 houni {reripient's tintc} on a llusincss [)a] or scnt rtD d di]Lir,rt ir nrrt a llusinesr l)a}- it shall not hc dcemcd reccir,cd.tnd.l'llctila till at 09-il0 hoursr(.lfi!ni'\ lirrr.l r)n ihc il.st f(rl|llr\ing llusiness l)!\ rhcrcafier. ilnd il'scnr pri(n to 09.1)() hour\ll!c;li(nl r tin1.i ou a llusi[gss I)a). it sh?l, be dccmcd rccei\ed and cliicri\ c ol ()9,[r{.) hours onthlt I}llsir('s\ l):l1."

P.1R.r Il: .\DDIIro\,u. l,raoltsroNs'li) TrrE Cl.:\[R^t. A(]Rt]:]rlt\t

ln this Agreenrcnt and in respecl ol'Par1] A onl)-. the word "insolvcnt" as used in $ i0.i(c) (Winding'up,lnsol\cnc) /\rrachinent, and {21(ki ( Rcpresentat iors and Warrantiesi shall nlean '\hc inabilil} lopal.its dcbts us tha! lall due" or as such tcmr is other$ise dcfined in the Danish Acl on Bankrlptc!("Konkurslo\an") a; ainended ll'om time to tirne.

I"he dufinition ol-"Altitirte" delined in Annex I shall be anendcd by rcplacing th€ thrce lasl $ords'!rl ir P;ril " * irh ih* \!ordi "uith lhat Partt'",

l:rccirLr:,l h1 th!'ilu!) lulhol.l.icJ rcfrt\!'rilxli\ t ol coch I'a,1) cflocti\c irs ol thc L'Uccti\( nale.

IYI'ERPRO'I EOoD RESTART ENER(;Y ONE LTI)Date :

Krlol ln I coclorier(;gneral \,lanagcr

Dorrrula r\rmand DoruCeneral Marager