SECTION 10. Notices. All notices provided for herein shall be in writing (including facsimile)
and shall be mailed or delivered to the fotlowing addresses or facsimile numbers or to such other address
or facsimile number as cither party may specify by notice to the other:
If to CoBank, as Follows: Ifto the Guarantor, as follows:
CoBank, ACB Pennichuck Corporation
5500 South Quebec Street 25 Manchester Street
(3) Notice of Default, Promptly after becoming aware thereof, notice of the
breach of any covenant contained in this Guaranty or any instrument or document executed in connection
herewith.
Guarantor agrees to cause all persons occupying or present on any of its properties to comply in all
material respects with all Laws relating to such properties.
(C) Insurance. Maintain insurance with insurance companies or associations
acceptable to CoBank in such amounts and covering such risks as are usually carried by companies
engaged in the same or similar business and similarly situated.
(D) Litigation. Except as disclosed in the Company's Application for Credit dated as
of February 9, 2010 (the “Application”), there are no pending fegal, arbitration, or governmental actions or
proceedings to which the Guarantor is a party or to which any of its property is subject which, if adversely
determined, could have a material adverse effect on the condition, financial or otherwise, operations,
propecties, or business of the Guarantor, or on the ability of the Guarantor to perform its obligations
SECTION 5. Information Regarding Company; Waiver of Notices, Etc. The Guarantor
assumes responsibility for keeping fully informed of the financial condition of the Company, its liability
hereunder and all other circumstances affecting the Company's ability to pay and perform the Guaranteed
Obligations. The Guarantor agrees that CoBank shall have no duty to report to or notify the Guarantor of
(i) any information which CoBank shall receive about the financial condition of the Company (including
the terms and conditions of the Loan Documents; (iii) the forbearance by CoBank from exercising any right
or remedy it may have under the Loan Documents or under law; (iv) any inability, failure, neglect or
omission to obtain, perfect, maintain, enforce, or realize upon any collateral for the Guaranteed Obligations,
or lo pursue or obtain any deficiency judgment against the Company following any foreclosure of any
security interest, mortgage or deed of trust; (v) the Joss or impairment of any collateral, the subordination or
Attachment C
GUARANTEE OF PAYMENT
(CONTINUING)
THIS GUARANTEE OF PAYMENT (this “Guaranty") is executed as of February 9, 2010, by
PENNICHUCK CORPORATION, a New Hampshire corporalion (hereinafter referred to as the
"Guarantor"), in favor COBANK, ACB (hereinafter referred to as "CoBank”).
BACKGROUND
IN WITNESS WHEREOF, tho parties have couscd this Amendment to be cxecuted by their duly
authorized officers as of the date shown above,
PENNICHUCK EAST UTILATY INC,
By:
La , Goodhuc
Title: Chief kxecutive Officer
{First Amendment to Master Loan Agreement)
Active/48928314.)
Loan No. RX0848
FIRST AMENDMENT TO
MASTER LOAN AGREEMENT
THIS FIRST AMENDMENT TO MASTER LOAN AGREEMENT (this “Agreement”) is entered
into as of April 25, 2018, between PENNICHUCK EAST UTILITY INC. a New Hampshire corporation (the
“Company”), and CoBANK, ACB, a federally chartered instrumentality of the United States (“CoBank”).
BACKGROUND
CoBank and the Company are partics to a Master Loan Agreement dated as of February 9, 2010 (the
“Master Loan Agreement”). The partics now desire to amend the Master Loan Agreement.
PENNICHUCK EAST UTILITY, ENC.
FINANCIAL COVENANT CERTIFICATE
For fiscal year ending on
The undersigned hereby certifies to COBANK, ACB that set forth betow are: ({} the financial ratios that
the Company was required to achieve for the fiscal year end covered by this Certificate, and (2) the
actual results achieved by the Company:
RATIO Required Achieved
Debt Service Coverage Ratio: 1.25 to 1.00
* net income (after taxes and after eliminating any
gain or loss on sale of assets or other
extraordinary gain or loss): $
