Common use of Breakpoints Clause in Contracts

Breakpoints. 2014 $ 484,276 2015 $2,477,452# 2016 $4,608,413* 2017 $4,818,146** 2018 $4,654,206 2019 $4,483,257 2020 $4,323,002 2021 $4,170,944 2022 $4,023,029 # Represents the “validated” 2015 Annual Percentage Rent Breakpoint, i.e. a Rent Validation has occurred pursuant to Section 3.2(c) of the ERCOT Transmission Lease and, as part of this Rent Validation, the 2015 Annual Percentage Rent Breakpoint has been restated. The 2015 Annual Percentage Rent Breakpoint included in the Fourth Amended Supplement was $2,219,582. * The 2016 Annual Percentage Rent Breakpoint reflects the assumptions set forth above regarding the timing of the first 2016 Regulatory Order and the second 2016 Regulatory Order, as well as the amount of First 2016 CapEx and Second 2016 CapEx. ** The 2017 Annual Percentage Rent Breakpoint reflects the assumptions set forth above regarding the timing of the first 2016 Regulatory Order, the second 2016 Regulatory Order, and the first 2017 Regulatory Order, as well as the amount of First 2016 CapEx, Second 2016 CapEx, and 2016 Stub-Year CapEx. Revenues Attributable to Lessee CapEx: 2014 $ 0 2015 $ 0 2016 $ 0 2017 $ 0 2018 $ 0 2019 $ 0 2020 $ 0 2021 $ 0 2022 $ 0 ERCOT Transmission Lease Validation Payment: As a result of the validation described above, pursuant to Section 3.2(c) of the ERCOT Transmission Lease, Lessee will pay Lessor $167,358 within 30 days following execution hereof of which $257,870 is attributable to the validation of Base Rent and $(90,512) is attributable to the validation of Percentage Rent. ERCOT Transmission Rate Allocation: before October 3, 2014: 0% between October 3, 2014 and March 31, 2015: 2.1% between April 1, 2015 and October 31, 2015: 2.1% between November 1, 2015 and June 1, 2016: 3.6% between June 1, 2016 and October 1, 2016: 4.5% starting October 1, 2016: 4.5% Term of Rent Supplement: Expires 12/31/22 ERCOT Transmission Lease The Parties have executed this Fifth Amended Supplement to the ERCOT Transmission Lease as of the date set forth above. SHARYLAND UTILITIES, L.P. By: /s/ Gxxx Xxxxx Name: Gxxx Xxxxx Chief Financial Officer SHARYLAND DISTRIBUTION & TRANSMISSION SERVICES, L.L.C. By: /s/ Bxxxx Xxxxxxx Name: Bxxxx Xxxxxxx Chief Financial Officer

Breakpoints. 2013 $21,758,233 2014 $ 484,276 $67,335,947 2015 $2,477,452# 68,524,342 2016 $4,608,413* 66,109,550# 2017 $4,818,146*63,906,713* 2018 $4,654,206 65,619,093** 2019 $4,483,257 64,095,731 2020 $4,323,002 2021 $4,170,944 2022 $4,023,029 # 61,771,840 CREZ LEASE #Represents the “validated” 2015 2016 Annual Percentage Rent Breakpoint, i.e. a Rent Validation has occurred pursuant to Section 3.2(c) of the ERCOT Transmission CREZ Lease and, as part of this Rent Validation, the 2015 2016 Annual Percentage Rent Breakpoint has been restated. The 2015 2016 Annual Percentage Rent Breakpoint included in the Fourth Ninth Amended Supplement was $2,219,582. * The 2016 Annual Percentage Rent Breakpoint reflects the assumptions set forth above regarding the timing of the first 2016 Regulatory Order and the second 2016 Regulatory Order, as well as the amount of First 2016 CapEx and Second 2016 CapEx66,230,214. ** The 2017 Annual Percentage Rent Breakpoint reflects the assumptions set forth above regarding the timing of the first 2016 2017 Regulatory Order, Order and the second 2016 Regulatory Order, and the first 2017 Regulatory Order, as well as the amount of First 2016 2017 CapEx and Second 2017 CapEx. ** The 2018 Annual Percentage Rent Breakpoint reflects the assumptions set forth above regarding the timing of the first 2017 Regulatory Order, the second 2017 Regulatory Order, and the first 2018 Regulatory Order, as well as the amount of First 2017 CapEx, Second 2016 2017 CapEx, and 2016 2017 Stub-Year CapEx. Revenues Attributable to Lessee CapExCapex: 2013 $0 2014 $ $0 2015 $ $0 2016 $ 2017 $0 2017 $ $0 2018 $ 0 2019 $ 0 2020 $ 0 2021 $ 0 2022 $ 0 ERCOT Transmission Lease Validation Payment: As a result of the validation described above, pursuant to Section 3.2(c) of the ERCOT Transmission CREZ Lease, Lessee Lessor will pay Lessor Lessee $167,358 41,940, within 30 days following execution hereof hereof, of which $257,870 92,081 is attributable to the validation of validated Base Rent and $(90,51250,141) is attributable to the validation of validated Percentage Rent. ERCOT Transmission Rate Allocation: before between June 20 and October 17, 2013: 65.3% between October 17, 2013 and February 25, 2014: 84.8% between February 25, 2014 and May 1, 2014: 83.3% between May 1, 2014 and October 3, 2014: 080.9% between October 3, 2014 and March 31, 2015: 2.175.8% between April 1, 2015 and October 31, 2015: 2.172.7% between November 1, 2015 and June 113, 2016: 3.665.6% between June 113, 2016 and October 1September 22, 2016: 4.556.8% between September 23, 2016 and April 30, 2017: 49.0% between May 1, 2017 and February 28, 2018: 46.1% starting October March 1, 20162018: 4.546.0% Term of Rent Supplement: Expires 12/31/22 ERCOT Transmission Lease 12/31/20 CREZ LEASE The Parties have executed this Fifth Tenth Amended Supplement to the ERCOT Transmission CREZ Lease as of the date set forth above. SHARYLAND UTILITIES, L.P. By: /s/ Gxxx Xxxxx Name: Gxxx Xxxxx Title: Chief Financial Officer SHARYLAND DISTRIBUTION & TRANSMISSION SERVICES, L.L.C. By: /s/ Bxxxx Xxxxxxx Name: Bxxxx Xxxxxxx Title: Chief Financial Officer

Breakpoints. 2014 $ 484,276 2015 $2,477,452# 2,477,452 2016 $4,608,413* 4,664,546# 2017 $4,818,146*4,804,290* 2018 $4,654,206 5,016,364** 2019 $4,483,257 4,916,159 2020 $4,323,002 4,742,435 2021 $4,170,944 4,576,851 2022 $4,023,029 4,414,163 # Represents the “validated” 2015 2016 Annual Percentage Rent Breakpoint, i.e. a Rent Validation has occurred pursuant to Section 3.2(c) of the ERCOT Transmission Lease and, as part of this Rent Validation, the 2015 2016 Annual Percentage Rent Breakpoint has been restated. The 2015 2016 Annual Percentage Rent Breakpoint included in the Fourth Sixth Amended Supplement was $2,219,5824,608,413. * The 2016 Annual Percentage Rent Breakpoint reflects the assumptions set forth above regarding the timing of the first 2016 Regulatory Order and the second 2016 Regulatory Order, as well as the amount of First 2016 CapEx and Second 2016 CapEx. ** The 2017 Annual Percentage Rent Breakpoint reflects the assumptions set forth above regarding the timing of the first 2016 2017 Regulatory Order, Order and the second 2016 Regulatory Order, and the first 2017 Regulatory Order, as well as the amount of First 2016 2017 CapEx and Second 2017 CapEx. ** The 2018 Annual Percentage Rent Breakpoint reflects the assumptions set forth above regarding the timing of the first 2017 Regulatory Order, the second 2017 Regulatory Order, and the first 2018 Regulatory Order, as well as the amount of First 2017 CapEx, Second 2016 2017 CapEx, and 2016 2017 Stub-Year CapEx. Revenues Attributable to Lessee CapEx: 2014 $ 0 2015 $ 0 2016 $ 0 2017 $ 0 2018 $ 0 2019 $ 0 2020 $ 0 2021 $ 0 2022 $ 0 ERCOT Transmission Lease Validation Payment: As a result of the validation described above, pursuant to Section 3.2(c) of the ERCOT Transmission Lease, Lessee will pay Lessor $167,358 36,806, within 30 days following execution hereof hereof, of which $257,870 53,878 is attributable to the validation of validated Base Rent and $(90,51217,072) is attributable to the validation of Percentage Rent. ERCOT Transmission Rate Allocation: before October 3, 2014: 0% between October 3, 2014 and March 31, 2015: 2.1% between April 1, 2015 and October 31, 2015: 2.1% between November 1, 2015 and June 113, 2016: 3.6% between June 113, 2016 and October 1September 22, 2016: 4.54.1% between September 23, 2016 and April 30, 2017: 3.6% between May 1, 2017 and February 28, 2018: 3.6% starting October March 1, 20162018: 4.53.6% Term of Rent Supplement: Expires 12/31/22 ERCOT Transmission Lease The Parties have executed this Fifth Seventh Amended Supplement to the ERCOT Transmission Lease as of the date set forth above. SHARYLAND UTILITIES, L.P. By: /s/ Gxxx Xxxxx Name: Gxxx Xxxxx Title: Chief Financial Officer SHARYLAND DISTRIBUTION & TRANSMISSION SERVICES, L.L.C. By: /s/ Bxxxx Xxxxxxx Name: Bxxxx Xxxxxxx Title: Chief Financial Officer

Breakpoints. 2010 $ 5,260,447 2011 $ 5,453,529 2012 $ 5,521,881 2013 $ 6,566,290 2014 $ 484,276 8,445,964 2015 $2,477,452# 11,818,692 2016 $4,608,413* 12,616,219 2017 $4,818,14611,897,593# 2018 $10,156,546* 2019 $10,158,502** 2018 $4,654,206 2019 $4,483,257 2020 $4,323,002 2021 $4,170,944 2022 $4,023,029 # Represents the “validated” 2015 2017 Annual Percentage Rent Breakpoint, i.e. a Rent Validation has occurred pursuant to Section 3.2(c) of the ERCOT Transmission Lease McAllen Lease, and, as part of this Rent Validation, the 2015 2017 Annual Percentage Rent Breakpoint has been restated. The 2015 2017 Annual Percentage Rent Breakpoint included in the Fourth Fourteenth Amended Supplement was $2,219,58211,938,001. * The 2016 2018 Annual Percentage Rent Breakpoint reflects the assumptions set forth above regarding the timing of the first 2016 2018 Regulatory Order and the second 2016 2018 Regulatory Order, as well as the amount of 2018 Distribution CapEx, First 2016 2018 CapEx and Second 2016 2018 CapEx. ** The 2017 2019 Annual Percentage Rent Breakpoint reflects the same assumptions as the 2018 Annual Percentage Rent Breakpoint, in addition to the assumptions set forth above regarding the timing of the first 2016 Regulatory Order, the second 2016 Regulatory Order, and the first 2017 2019 Regulatory Order, as well as the amount of First 2016 CapEx, Second 2016 CapEx, and 2016 2018 Stub-Year CapEx. Revenues Attributable to Lessee CapEx: 2010 $ 60,546 2011 $249,481 2012 $289,945 2013 $345,693 2014 $ 0 $355,744 2015 $ 0 $360,527 2016 $ 0 $206,130 2017 $ 0 97,925 2018 $ 0 73,431 2019 $ 0 2020 $ 0 2021 $ 0 2022 $ 0 ERCOT Transmission Lease 45,266 Validation Payment: As a result of the validation described above, pursuant to Section 3.2(c) of the ERCOT Transmission McAllen Lease, Lessee Lessor will pay Lessor Lessee $167,358 51,603, within 30 days following execution hereof hereof, of which $257,870 40,408 is attributable to the validation of validated Base Rent and $(90,512) 11,195 is attributable to the validation of Percentage Rent. ERCOT Transmission Rate Allocation: before October 3, 2014: 0% between October 3, 2014 and March 31, 2015: 2.1% between April 1, 2015 and October 31, 2015: 2.1% between November 1, 2015 and June 1, 2016: 3.6% between June 1, 2016 and October 1, 2016: 4.5% starting October 1, 2016: 4.5% Term of Rent Supplement: Expires 12/31/22 ERCOT Transmission Lease The Parties have executed this Fifth Amended Supplement to the ERCOT Transmission Lease as of the date set forth above. SHARYLAND UTILITIES, L.P. By: /s/ Gxxx Xxxxx Name: Gxxx Xxxxx Chief Financial Officer SHARYLAND DISTRIBUTION & TRANSMISSION SERVICES, L.L.C. By: /s/ Bxxxx Xxxxxxx Name: Bxxxx Xxxxxxx Chief Financial Officer.

Breakpoints. 2014 $ 484,276 2015 $2,477,452# 2,477,452 2016 $4,608,413* 4,664,546 ERCOT Transmission Lease 2017 $4,818,1464,879,227# 2018 $5,056,079* 2019 $4,937,862** 2018 $4,654,206 2019 $4,483,257 2020 $4,323,002 4,794,596** 2021 $4,170,944 4,624,802** 2022 $4,023,029 4,460,124** # Represents the “validated” 2015 2017 Annual Percentage Rent Breakpoint, i.e. a Rent Validation has occurred pursuant to Section 3.2(c) of the ERCOT Transmission Lease Lease, and, as part of this Rent Validation, the 2015 2017 Annual Percentage Rent Breakpoint has been restated. The 2015 2017 Annual Percentage Rent Breakpoint included in the Fourth Eighth Amended Supplement was $2,219,5824,804,290. * The 2016 2018 Annual Percentage Rent Breakpoint reflects the assumptions set forth above regarding the timing of the first 2016 2018 Regulatory Order and the second 2016 2018 Regulatory Order, as well as the amount of First 2016 2018 CapEx and Second 2016 2018 CapEx. ** The 2017 2019-2022 Annual Percentage Rent Breakpoint reflects Breakpoints reflect the same assumptions as the 2018 Annual Percentage Rent Breakpoint, in addition to the assumptions set forth above regarding the timing of the first 2016 2019 Regulatory Order, the second 2016 Regulatory Order, Order and the first 2017 Regulatory Order, as well as the amount of First 2016 CapEx, Second 2016 CapEx, and 2016 2018 Stub-Year CapEx. Revenues Attributable to Lessee CapEx: 2014 $ 0 2015 $ 0 2016 $ 0 2017 $ 0 2018 $ 0 2019 $ 0 2020 $ 0 2021 $ 0 2022 $ 0 ERCOT Transmission Lease Validation Payment: As a result of the validation described above, pursuant to Section 3.2(c) of the ERCOT Transmission Lease, Lessee will pay Lessor $167,358 65,995, within 30 days following execution hereof hereof, of which $257,870 74,938 is attributable to the validation of validated Base Rent and $(90,5128,942) is attributable to the validation of Percentage Rent. ERCOT Transmission Rate Allocation: before October 3, 2014: 0% between October 3, 2014 and March 31, 2015: 2.1% between April 1, 2015 and October 31, 2015: 2.1% between November 1, 2015 and June 1, 2016: 3.6% between June 1, 2016 and October 1, 2016: 4.5% starting October 1, 2016: 4.5% Term of Rent Supplement: Expires 12/31/22 ERCOT Transmission Lease The Parties have executed this Fifth Amended Supplement to the ERCOT Transmission Lease as of the date set forth above. SHARYLAND UTILITIES, L.P. By: /s/ Gxxx Xxxxx Name: Gxxx Xxxxx Chief Financial Officer SHARYLAND DISTRIBUTION & TRANSMISSION SERVICES, L.L.C. By: /s/ Bxxxx Xxxxxxx Name: Bxxxx Xxxxxxx Chief Financial Officer.