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Contract Type FiledDecember 20th, 2016 JurisdictionTHIS PLEDGE AGREEMENT (this “Agreement”) is made as of December 22, 2016, by NISKA GAS STORAGE PARTNERS L.P., a Delaware limited partnership (the “US Borrower”), the other parties listed on the signature pages hereof and the Additional Grantors (as hereinafter defined) (the US Borrower, the other parties listed on the signature pages hereof and the Additional Grantors are herein collectively called “Grantors” and each individually, a “Grantor”), in favor of Royal Bank of Canada, as collateral agent (in such capacity, “Collateral Agent”) for the benefit of the Secured Parties (as defined in the Credit Agreement (as hereinafter defined)).