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SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF NEXTERA ENERGY PARTNERS, LP A Delaware Limited Partnership Dated as of August 4, 2017 810649.05-WILSR01A - MSW TABLE OF CONTENTS Page ARTICLE I DEFINITIONS Section 1.1 Definitions................................................................................................................1 Section 1.2 Construction ...........................................................................................................18 ARTICLE II ORGANIZATION Section 2.1 Formation ...............................................................................................................18 Section 2.2 Name ......................................................................................................................19 Section 2.3 Registered Office; Registered Agent; Principal Office; Other Offices .................19 Section 2.4 Purpose and Business .............................................................................................19 Section 2.5 Powers ....................................................................................................................20 Section 2.6 Term .......................................................................................................................20 Section 2.7 Title to Partnership Assets .....................................................................................20 ARTICLE III RIGHTS OF LIMITED PARTNERS Section 3.1 Limitation of Liability............................................................................................21 Section 3.2 Management of Business .......................................................................................21 Section 3.3 Rights of Limited Partners .....................................................................................21 ARTICLE IV CERTIFICATES; RECORD HOLDERS; TRANSFER OF PARTNERSHIP INTERESTS; REDEMPTION OF PARTNERSHIP INTERESTS Section 4.1 Certificates .............................................................................................................22 Section 4.2 Mutilated, Destroyed, Lost or Stolen Certificates .................................................23 Section 4.3 Record Holders ......................................................................................................23 Section 4.4 Transfer Generally .................................................................................................24 Section 4.5 Registration and Transfer of Limited Partner Interests..........................................24 Section 4.6 Transfer of the General Partner’s General Partner Interest ...................................26 Section 4.7 Restrictions on Transfers .......................................................................................26 A-i 810649.05-WILSR01A - MSW ARTICLE V CAPITAL CONTRIBUTIONS AND ISSUANCE OF PARTNERSHIP INTERESTS Section 5.1 Capital Contributions .............................................................................................27 Section 5.2 Interest and Withdrawal .........................................................................................27 Section 5.3 Units .......................................................................................................................27 Section 5.4 Issuances of Additional Partnership Interests ........................................................28 Section 5.5 Limited Preemptive Right ......................................................................................29 Section 5.6 Splits and Combinations ........................................................................................31 Section 5.7 Fully Paid and Non-Assessable Nature of Limited Partner Interests ....................31 Section 5.8 Series A Preferred Units ........................................................................................32 ARTICLE VI DISTRIBUTIONS Section 6.1 Distributions to Record Holders ............................................................................48 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management by Board of Directors .......................................................................48 Section 7.2 Certificate of Limited Partnership .........................................................................55 Section 7.3 Restrictions on the Partnership’s Authority to Sell Assets of the Partnership Group ..................................................................................................56 Section 7.4 Reimbursement of the General Partner ..................................................................56 Section 7.5 Outside Activities...................................................................................................57 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members ..............................................................................58 Section 7.7 Indemnification ......................................................................................................59 Section 7.8 Liability of Indemnitees .........................................................................................61 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties ...........................................................................................61 Section 7.10 Certain Additional Matters Requiring Consent of the General Partner .................64 Section 7.11 Purchase or Sale of Partnership Interests ...............................................................64 Section 7.12 Reliance..................................................................................................................65 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting ........................................................................................66 Section 8.2 Fiscal Year .............................................................................................................66 Section 8.3 Reports ...................................................................................................................66 A-ii 810649.05-WILSR01A - MSW ARTICLE IX TAX MATTERS Section 9.1 Tax Characterizations, Elections and Information .................................................67 Section 9.2 Withholding ...........................................................................................................67 ARTICLE X ADMISSION OF PARTNERS Section 10.1 Admission of Limited Partners ..............................................................................67 Section 10.2 Admission of Successor General Partner ...............................................................68 Section 10.3 Amendment of Agreement and Certificate of Limited Partnership .......................68 ARTICLE XI WITHDRAWAL OR REMOVAL OF PARTNERS Section 11.1 Withdrawal of the General Partner ........................................................................69 Section 11.2 Removal of the General Partner .............................................................................70 Section 11.3 Interest of Departing General Partner and Successor General Partner ..................70 Section 11.4 Withdrawal of Limited Partners.............................................................................72 ARTICLE XII DISSOLUTION AND LIQUIDATION Section 12.1 Dissolution .............................................................................................................72 Section 12.2 Continuation of the Business of the Partnership After Dissolution .......................73 Section 12.3 Liquidator ...............................................................................................................73 Section 12.4 Liquidation .............................................................................................................74 Section 12.5 Cancellation of Certificate of Limited Partnership ................................................75 Section 12.6 Return of Contributions .........................................................................................75 Section 12.7 Waiver of Partition .................................................................................................75 ARTICLE XIII AMENDMENT OF PARTNERSHIP AGREEMENT; MEETINGS; RECORD DATE; VOTING Section 13.1 Amendments to the Partnership Agreement ..........................................................75 Section 13.2 Amendment Procedures .........................................................................................77 Section 13.3 Amendment Requirements.....................................................................................78 Section 13.4 Annual and Special Meetings ................................................................................80 Section 13.5 Notice of a Meeting ...............................................................................................83 Section 13.6 Record Date ...........................................................................................................84 Section 13.7 Postponement and Adjournment ............................................................................84 A-iii 810649.05-WILSR01A - MSW
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