Agenda

SECTION 2.03. Method of Payment. The Company shall make all payments to CoBank
under this Agreement and each Promissory Note and Supplement hereto by wire transfer of immediately
available funds, by check, or, if specified by separate agreement between the Company and CoBank, by
automated clearing house (ACH) or other similar cash handling processes. Wire transfers shall be made
to ABA No. 307088754 for advice to and credit of "CoBANK" (or to such other account as CoBank may

ATWkaha taer &

MLA No. RX0848
MASTER LOAN AGREEMENT

THIS MASTER LOAN AGREEMENT (this “Agreement”) is entered into as of February 9,
2010, between PENNICHUCK EAST UTILITY, ENC., a New Hampshire corporation (the
“Company”), and CoBANK, ACB, a federally chartered instrumentality of the United States
(“CoBank”),

BACKGROUND

-4-

FURTHER RESOLVED, that the City hereby authorizes Pennichuck Corporation and
Pennichuck East Utility, Inc., their Boards of Directors, and their Officers, to take any
and all actions required to obtain all necessary approvals with respect to the actions
described in these resolutions and to execute and deliver such documents as are
necessary to affect the CoBank loan, and the guaranty described in these resolutions.

Respectfully subrnitted,

PENNICHUCK CORPORATION

By: cS LAS

Larry D. Goodhue
Chief Executive Officer

~3-

unconditional guarantee of PEU’s obligations to CoBank by Pennichuck pursuant to the
Guarantee of Payment (Continuing) dated as of February 9, 2010 between Pennichuck and
CoBank (the “Guaranty Agreement”), a copy of which is attached to this letter as Attachment C.

-2-

Shareholder Approval of Borrowings Required. Under Article IX of Pennichuck’s Articles of
Incorporation, the City, acting in its capacity as Pennichuck’s sole shareholder, must approve:

“(3) any action to (A) create, incur or assume any indebtedness for borrowed
money or guarantee any such indebtedness of any person, (B) issue or sell
any debt securities or warrants or other rights to acquire any debt securities of the
[Pennichuck] Corporation or any of its Subsidiaries, or (C) guarantee any debt
securities of any person.”

VIA ELECTRONIC DELIVERY

May 22, 2020

Mr. Steven A. Bolton
Corporation Counsel
City of Nashua

229 Main Street
Nashua, NH 03060

Re: Pennichuck East Utility, Inc. — Request for Approval of Term Loan and renewal of Fixed
Asset Line of Credit with CoBank, ACB

Dear Attorney Bolton:

Steven A. Bolton
Corporation Counsel
BoltonS@nashuanh.gov

Dorothy Clarke
Deputy Corporation Counsel
ClarkeD@nashuanh.gov

Celia K. Leonard
Deputy Corporation Counsel
LeonardC@nashuanh.gov

CITY OF NASHUA
OFFICE OF CORPORATION
COUNSEL

FIRST MEMORANDUM

229 Main Street
P.O. Box 2019
Nashua, NH 03061-2019

T: (603) 589-3250
F: (603) 389-3259

athe

THE CITY OF NASHUA

"The Gate City"

Financial Services Division

Office of the Chief Financial Officer
TO: President Lori Wilshire

Members of the Board of Aldermen

ce: Mayor Jim Donchess
FROM: John L. Griffin, Chief Financial Officer/Comptroller
DATE: June 2, 2020
RE: Fire Union [AFF Local #789 Collective Bargaining Agreement

City of Nashua

Planning Department
229 Main Street
Nashua, New Hampshire 03061-2019

Planning & Zoning 603 589-3090
WEB www. nashuanh.gov

MEMORANDUM

Date: May 29, 2020

To: Ald. Lori Wilshire, President, and Board of Aldermen
Ald. David Tenceza, Chair and Planning & Economic Development
Committee
Ald. Michael B. O’Brien, Sr., Chair and Committee of Infrastrcture

From: Linda McGhee, Deputy Planning Manager

Chairman Len Fournier - Superintendent Vice Chairman

NILES F, JENSEN JR. Mayor JIM DONCHESS - Ex-Officio DANIEL A. BUSLOVICH
Secretary 101 Kinsley Street Treasurer
BARBARA A. WHITMORE Nashua, New Hampshire 03060 DAVID G. FREDETTE

Phone: (603) 594-3354 Fax: (603) 594-3418

March 10, 2020

Nashua Board of Alderman
Attn: Donna L. Graham
City Hall

Nashua, NH 03060

Dear Donna,